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    "entity": "scheme:8156000BA1E707067579",
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   }
  },
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    "entity": "scheme:8156000BA1E707067579",
    "period": "2023-01-01T00:00:00",
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    "entity": "scheme:8156000BA1E707067579",
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    "entity": "scheme:8156000BA1E707067579",
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    "unit": "iso4217:EUR"
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  },
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    "entity": "scheme:8156000BA1E707067579",
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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=\"ff23\">dell\u2019<span class=\"_ _1\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>o<span class=\"ff21\"> </span></span>chiuso al 31 dicembre 2<span class=\"_ _3\"></span>0<span class=\"lsa\">22</span><span class=\"fs0\"> </span>Att<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _2\"></span>princ<span class=\"_ _2\"></span>ipa<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> Inf<span class=\"_ _1\"></span>orm<span class=\"_ _2\"></span>azion<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>int<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>gr<span class=\"_ _2\"></span>ative <span class=\"_ _2\"></span>sull<span class=\"_ _1\"></span>'au<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>riz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>azi<span class=\"_ _2\"></span>one <span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>pu<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>lic<span class=\"_ _2\"></span>azio<span class=\"_ _2\"></span>ne d<span class=\"_ _1\"></span>ei <span class=\"_ _2\"></span>bilanc<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> Il <span class=\"_ _e\"></span>Bilan<span class=\"ff22\">cio <span class=\"_ _e\"></span>Consolidato <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>Cairo <span class=\"_ _e\"></span>Communication <span class=\"_ _e\"></span>S.p.<span class=\"_ _1\"></span>A., <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>l\u2019esercizio <span class=\"_ _e\"></span>chiu<span class=\"_ _1\"></span>so <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _e\"></span>2022, <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>stato </span>approvato dal Cons<span class=\"_ _1\"></span>iglio di <span class=\"_ _1\"></span>Amministrazion<span class=\"_ _1\"></span>e in data 27 ma<span class=\"_ _1\"></span>rzo 2023, che ne <span class=\"_ _1\"></span>ha autorizza<span class=\"_ _1\"></span>to la pubbl<span class=\"_ _1\"></span>icazione. Fatt<span class=\"_ _2\"></span>i di<span class=\"_ _1\"></span> ri<span class=\"_ _2\"></span>lievo<span class=\"_ _1\"></span> de<span class=\"_ _2\"></span>ll\u2019e<span class=\"_ _1\"></span>ser<span class=\"_ _1\"></span>ciz<span class=\"_ _2\"></span>io I fatti di rilievo de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>l\u2019esercizio sono co<span class=\"_ _2\"></span>mmentati <span class=\"_ _3\"></span><span class=\"ff1f\">nella re<span class=\"_ _1\"></span>lazione degli am<span class=\"_ _1\"></span>ministrator<span class=\"_ _1\"></span>i sulla ges<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e.<span class=\"_ _2\"></span> </span>Si<span class=\"ls0\"> <span class=\"_ _2\"></span>ricorda <span class=\"_ _2\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>data <span class=\"_ _2\"></span>15 <span class=\"_ _2\"></span>luglio <span class=\"_ _2\"></span>RCS, <span class=\"_ _2\"></span>K<span class=\"_ _1\"></span>ryalos <span class=\"_ _2\"></span>SGR <span class=\"_ _2\"></span>S.p.A. <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>nome <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>per <span class=\"_ _0\"></span>conto <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Fondo <span class=\"_ _2\"></span>Delphine <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>Blackston<span class=\"_ _1\"></span>e </span>(e <span class=\"_\"> </span>tutte <span class=\"_\"> </span>le <span class=\"_\"> </span>e<span class=\"_ _1\"></span>ntit\u00e0 <span class=\"_\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_\"> </span>gruppo <span class=\"_\"> </span>Bla<span class=\"_ _1\"></span>ckstone <span class=\"_\"> </span>a<span class=\"_ _1\"></span>ttrici <span class=\"_\"> </span>nei <span class=\"_ _12\"> </span>procedimenti <span class=\"_\"> </span>intenta<span class=\"_ _1\"></span>ti <span class=\"_\"> </span>a <span class=\"_ _12\"> </span>New <span class=\"_\"> </span>York) <span class=\"_\"> </span>hanno <span class=\"_\"> </span>d<span class=\"_ _1\"></span>efinito transatt<span class=\"_ _1\"></span>ivamente <span class=\"_\"> </span>le <span class=\"_ _16\"> </span>controversie. <span class=\"_\"> </span>L\u2019accordo <span class=\"_ _16\"> </span>raggiunto <span class=\"_\"> </span>ha <span class=\"_ _16\"> </span>comportato <span class=\"_\"> </span>l<span class=\"_ _3\"></span>a <span class=\"_ _16\"> </span>definitiva <span class=\"_\"> </span>cessazione <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>tutti <span class=\"_\"> </span>i<span class=\"_ _3\"></span> contenziosi p<span class=\"_ _1\"></span>endenti ne<span class=\"_ _1\"></span>gli Stati U<span class=\"_ _1\"></span>niti e in <span class=\"_ _1\"></span>Italia <span class=\"_ _1\"></span>e, pi\u00f9 i<span class=\"_ _1\"></span>n generale, <span class=\"_ _2\"></span>la reciproca rinuncia <span class=\"_ _1\"></span>a ogni <span class=\"_ _1\"></span>pretesa, <span class=\"_ _1\"></span>azione,<span class=\"_ _1\"></span> danno <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>relazione <span class=\"_ _e\"></span>al<span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>compravendita <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>2013 <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>alle <span class=\"_ _e\"></span>azioni <span class=\"_ _3\"></span>intraprese <span class=\"_ _3\"></span>da <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>relazion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>essa.<span class=\"_ _3\"></span>  <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>ha corrisposto un con<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ributo di euro 10 <span class=\"_ _1\"></span>milioni al<span class=\"_ _1\"></span>le spese sostenute<span class=\"_ _1\"></span> da controp<span class=\"_ _1\"></span>arte. Inoltre, RC<span class=\"_ _1\"></span>S ha acqui<span class=\"_ _1\"></span>stato, a<span class=\"_ _1\"></span>l prezzo <span class=\"_ _6\"> </span>di <span class=\"_ _7\"> </span>euro <span class=\"_ _6\"> </span>59,9 <span class=\"_ _6\"> </span>milioni, <span class=\"_ _6\"> </span>l\u2019immobile <span class=\"_ _7\"> </span>di <span class=\"_ _6\"> </span>Via <span class=\"_ _7\"> </span>Solferino, <span class=\"_ _6\"></span>sede <span class=\"_ _6\"> </span>storica <span class=\"_ _6\"> </span>de<span class=\"_ _3\"></span><span class=\"ff1f ls2\">l <span class=\"_ _7\"></span></span><span class=\"ff24\">Corriere <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>Sera<span class=\"ff1f\"> <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>parte <span class=\"_ _7\"></span>del </span></span>complesso <span class=\"_ _b\"> </span>immobiliare. <span class=\"_ _148\"> </span>Contestualmente <span class=\"_ _b\"> </span>alla <span class=\"_ _b\"> </span>sottoscrizione <span class=\"_ _b\"> </span>del <span class=\"_ _b\"> </span>relativo <span class=\"_ _b\"> </span>contratto <span class=\"_ _b\"> </span>preliminare <span class=\"_ _148\"> </span>di compravendita <span class=\"_ _3\"></span>immobiliare, <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>15 <span class=\"_ _3\"></span>luglio <span class=\"_ _e\"></span>2022 <span class=\"_ _3\"></span>RCS <span class=\"_ _e\"></span>ha <span class=\"_ _e\"></span>versato <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Kryalos <span class=\"_ _3\"></span>un <span class=\"_ _e\"></span>acconto <span class=\"_ _3\"></span>prezzo <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>Euro <span class=\"_ _e\"></span>10 milioni. <span class=\"_ _3\"></span><span class=\"ff22\">L\u2019acquisto <span class=\"_ _3\"></span>dell\u2019immobile <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>stato <span class=\"_ _3\"></span>finalizzato <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span>19 <span class=\"_ _3\"></span>ottobre <span class=\"_ _e\"></span>2022,</span> <span class=\"_ _e\"></span>con contestuale <span class=\"_ _e\"></span>pagament<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>del saldo <span class=\"_ _3\"></span>prezzo <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>euro <span class=\"_ _e\"></span>49,9 milioni. <span class=\"_ _3\"></span>Per <span class=\"_ _e\"></span>un maggior <span class=\"_ _e\"></span>dettagl<span class=\"_ _1\"></span>io <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>suddetta <span class=\"_ _3\"></span>transazione <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>rinvia <span class=\"_ _e\"></span>al <span class=\"_ _3\"></span>paragrafo \u201cImpegni, rischi <span class=\"_ _1\"></span>ed altre inform<span class=\"_ _1\"></span>azioni\u201d della presente <span class=\"_ _1\"></span>relazione finan<span class=\"_ _1\"></span>ziaria annua<span class=\"_ _1\"></span>le. Prin<span class=\"_ _2\"></span>cipi <span class=\"_ _2\"></span>conta<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>i s<span class=\"_ _1\"></span>ig<span class=\"_ _2\"></span>nific<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> 1. F<span class=\"_ _2\"></span>orma <span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>cont<span class=\"_ _1\"></span>enu<span class=\"_ _1\"></span>to <span class=\"_ _0\"></span>del <span class=\"_ _2\"></span>bila<span class=\"_ _2\"></span>ncio <span class=\"_ _2\"></span>consol<span class=\"_ _1\"></span>ida<span class=\"_ _2\"></span>to La<span class=\"ls0\"> <span class=\"_ _e\"></span>valuta <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>presentazione <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>presen<span class=\"_ _1\"></span>te <span class=\"_ _e\"></span>bilanc<span class=\"_ _1\"></span>io <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span><span class=\"ff22\">l\u2019euro,</span> <span class=\"_ _3\"></span>utilizzato <span class=\"_ _3\"></span>come <span class=\"_ _3\"></span>valuta <span class=\"_ _e\"></span>funzionale <span class=\"_ _3\"></span>dalla </span>maggior <span class=\"_ _e\"></span>parte <span class=\"_ _6\"></span>delle <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>Gruppo. <span class=\"_ _11\"></span>Ove <span class=\"_ _11\"></span>non <span class=\"_ _11\"></span>differentemente <span class=\"_ _e\"></span>indicato, <span class=\"_ _11\"></span>tutti<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>importi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>espressi <span class=\"_ _3\"></span><span class=\"ls2\">in</span> milioni di <span class=\"_ _3\"></span>euro. <span class=\"ls46\">Al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 2022 <span class=\"ls2\">il</span> bilancio <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>comprende <span class=\"_ _3\"></span>51 <span class=\"_ _3\"></span>societ\u00e0 controllate <span class=\"_ _3\"></span>direttamente e indirettamente <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>consolid<span class=\"_ _1\"></span>ate <span class=\"_ _2\"></span>con <span class=\"ls16\">il</span> <span class=\"_ _2\"></span>metodo integrale (5<span class=\"_ _1\"></span>1 societ\u00e0 al 31 d<span class=\"_ _1\"></span>icembre 2021). La rev<span class=\"_ _1\"></span>isione leg<span class=\"_ _1\"></span>ale de<span class=\"_ _1\"></span>l bilancio <span class=\"_ _2\"></span>consolidato \u00e8 svol<span class=\"_ _1\"></span>ta da<span class=\"_ _1\"></span> Deloitte <span class=\"_ _2\"></span>&amp; Touche S<span class=\"_ _1\"></span>.p<span class=\"_ _1\"></span>.A<span class=\"_ _2\"></span>. 2. S<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>emi<span class=\"_ _2\"></span> di bi<span class=\"_ _2\"></span>lanci<span class=\"_ _1\"></span>o Di<span class=\"ls0\"> seguito si elenca<span class=\"_ _1\"></span>no gli s<span class=\"_ _1\"></span>chemi del bilancio <span class=\"_ _1\"></span>consolid<span class=\"_ _1\"></span>ato di Gru<span class=\"_ _2\"></span>ppo.<span class=\"_ _2\"></span> </span>Il <span class=\"_ _2\"></span>conto <span class=\"_ _0\"></span>economico <span class=\"_ _2\"></span>consol<span class=\"_ _1\"></span>idato <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _0\"></span>redatto <span class=\"_ _2\"></span>secondo <span class=\"_ _0\"></span>lo <span class=\"_ _2\"></span>schema <span class=\"_ _0\"></span>con <span class=\"_ _2\"></span>destinazion<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>osti <span class=\"_ _2\"></span>per <span class=\"_ _0\"></span>natura, <span class=\"_ _2\"></span>evidenzi<span class=\"_ _1\"></span>ando 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 ed <span class=\"_ _e\"></span>al 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=\"_ _1\"></span>urabilit\u00e0 del<span class=\"_ _1\"></span>l\u2019andamento<span class=\"_ _1\"></span> della nor<span class=\"_ _1\"></span>male ge<span class=\"_ _1\"></span>stione operativa<span class=\"_ _1\"></span>. Nelle no<span class=\"_ _1\"></span>te esplicat<span class=\"_ _1\"></span>ive vengono<span class=\"_ _1\"></span> inoltre indicate <span class=\"_ _7\"></span>separatamente <span class=\"_ _6\"></span>le <span class=\"_ _a\"> </span>componenti<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>costo <span class=\"_ _6\"></span>e <span class=\"_ _a\"> </span>ricavo <span class=\"_ _6\"></span>derivanti <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>a <span class=\"_ _7\"></span>eventi <span class=\"_ _a\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>operazioni <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>per <span class=\"_ _a\"> </span>natura <span class=\"_ _7\"></span>e<span class=\"_ _3\"></span> rilevanza <span class=\"_ _2\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>importo <span class=\"_ _2\"></span>s<span class=\"_ _1\"></span>ono <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>con<span class=\"_ _1\"></span>siderarsi <span class=\"_ _0\"></span>non <span class=\"_ _2\"></span>ricorrenti, <span class=\"_ _2\"></span>secondo<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>efinizione <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>ontenuta <span class=\"_ _0\"></span>nella <span class=\"_ _2\"></span>Comunicazione<span class=\"_ _2\"></span> CONSOB<span class=\"_ _1\"></span> n. 6064293 del 28 lug<span class=\"_ _1\"></span>lio 2006. Gli <span class=\"_ _12\"> </span>effetti <span class=\"_ _12\"> </span>economici <span class=\"_ _12\"> </span>delle <span class=\"_ _12\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>operative <span class=\"_ _a\"> </span>cessate <span class=\"_\"> </span>sono <span class=\"_ _12\"> </span>espos<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span>in <span class=\"_ _12\"> </span>un\u2019unica <span class=\"_ _12\"> </span>voce <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>conto <span class=\"_\"> </span><span class=\"ff1f\">eco<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>o </span>denom<span class=\"_ _1\"></span>ina<span class=\"_ _2\"></span>ta <span class=\"_ _a\"> </span>\u201cRisu<span class=\"_ _1\"></span>lt<span class=\"_ _1\"></span>ato<span class=\"_ _2\"></span> <span class=\"_ _12\"> </span>nett<span class=\"_ _2\"></span>o <span class=\"_ _12\"> </span>de<span class=\"_ _1\"></span>lle<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>cess<span class=\"_ _1\"></span>ate<span class=\"_ _2\"></span>\u201d, <span class=\"_ _a\"> </span>cos\u00ec <span class=\"_ _a\"> </span>come<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>previ<span class=\"_ _2\"></span>sto <span class=\"_ _a\"> </span>dall<span class=\"_ _1\"></span>\u2019I<span class=\"_ _2\"></span>FRS <span class=\"_ _a\"> </span>5. <span class=\"_ _12\"> </span>Nel<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>eco<span class=\"_ _1\"></span>nom<span class=\"_ _2\"></span>ico<span class=\"_ _1\"></span> con<span class=\"_ _2\"></span>solida<span class=\"_ _2\"></span>to <span class=\"_ _4\"> </span>comp<span class=\"_ _2\"></span>lessiv<span class=\"_ _2\"></span>o <span class=\"_ _4\"> </span>s<span class=\"_ _1\"></span>ono<span class=\"_ _2\"></span> <span class=\"_ _5\"> </span>inol<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>e <span class=\"_ _4\"> </span>ril<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"> </span>le <span class=\"_ _4\"> </span>\u201cva<span class=\"_ _2\"></span>riazio<span class=\"_ _2\"></span>ni <span class=\"_ _4\"> </span>gene<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>te <span class=\"_ _4\"> </span>da<span class=\"ls0\"> <span class=\"_ _4\"> </span>transazioni <span class=\"_ _f\"> </span>con <span class=\"_ _16\"> </span>i <span class=\"_ _4\"> </span>non <span class=\"_ _f\"> </span></span>soci\u201d<span class=\"ff24\"> </span>(evidenziando <span class=\"_ _2\"></span>separatamen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>i re<span class=\"_ _1\"></span>lativi <span class=\"_ _2\"></span>eventuali <span class=\"_ _2\"></span>effetti <span class=\"_ _2\"></span>fiscali), in particola<span class=\"_ _1\"></span>re: <span class=\"ff1f fs7 fc0\">le <span class=\"_ _e\"></span>voci <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>utile <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>perdita <span class=\"_ _3\"></span>che <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>precedenza<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>potevano<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>essere <span class=\"_ _3\"></span>imputate <span class=\"_ _3\"></span>direttamente <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>patrimonio<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>netto <span class=\"_ _3\"></span>(ad <span class=\"_ _e\"></span>es. </span>utili/perdite attua<span class=\"_ _1\"></span>riali generati <span class=\"_ _1\"></span>da valutazione<span class=\"_ _1\"></span> di piani a bene<span class=\"_ _1\"></span>fici def<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>);<span class=\"_ _2\"></span> <span class=\"ff1f fs7 fc0\">gli effetti della valu<span class=\"_ _1\"></span>tazione degli strumen<span class=\"_ _1\"></span>ti derivati a coper<span class=\"_ _1\"></span>tura dei flussi di cas<span class=\"_ _1\"></span>sa fut<span class=\"_ _1\"></span>uri<span class=\"_ _2\"></span>; </span><span class=\"ff1f fs7 fc0\">gli effetti della valutazion<span class=\"_ _1\"></span>e delle attivit\u00e0 fin<span class=\"_ _1\"></span>anziarie disponib<span class=\"_ _1\"></span>ili per la ven<span class=\"_ _1\"></span>di<span class=\"_ _2\"></span>ta; </span><span class=\"ff22 fs7 fc0\">l\u2019effetto<span class=\"ff1f\"> derivante <span class=\"ls6\">da</span> eventuali cambiamenti dei princi<span class=\"_ _1\"></span>pi cont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>i.<span class=\"_ _2\"></span> </span></span>Il<span class=\"ls0\"> <span class=\"_ _e\"></span>conto <span class=\"_ _e\"></span>econo<span class=\"_ _1\"></span>mico <span class=\"_ _3\"></span>consolidato <span class=\"_ _e\"></span>complessivo <span class=\"_ _3\"></span>presenta <span class=\"_ _3\"></span><span class=\"ls2\">le</span> <span class=\"_ _3\"></span>voci <span class=\"_ _e\"></span>relative <span class=\"_ _3\"></span>agli <span class=\"_ _e\"></span>importi <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>altr<span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>componen<span class=\"_ _1\"></span>ti del </span>conto <span class=\"_ _0\"></span>economico <span class=\"_ _0\"></span>comples<span class=\"_ _1\"></span>sivo <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=\"ls2\">in<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>quelle <span class=\"_ _2\"></span>che, <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>conformit\u00e0 <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>disposizioni </span></span>di altri IAS/IFRS:<span class=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">non saranno successivamen<span class=\"_ _1\"></span>te riclass<span class=\"ff22\">ificate nell\u2019ut<span class=\"_ _1\"></span>ile<span class=\"ff1f\"> (perdita) </span>de<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>\u2019es<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span>cizio<span class=\"_ _2\"></span>;<span class=\"ff1f\"> </span></span></span>saranno <span class=\"_ _aa\"> </span>successivamen<span class=\"_ _1\"></span>te <span class=\"_ _aa\"> </span>riclassifica<span class=\"_ _1\"></span>te <span class=\"_ _aa\"> </span>nell\u2019utile <span class=\"_ _ab\"> </span>(perdita) <span class=\"_ _aa\"> </span>dell\u2019esercizio, <span class=\"_ _ab\"> </span>quando <span class=\"_ _aa\"> </span>saranno <span class=\"_ _aa\"> </span>soddisfa<span class=\"_ _1\"></span>tte determinate cond<span class=\"_ _1\"></span>izioni. Lo<span class=\"ls0\"> <span class=\"_ _2\"></span>stato <span class=\"_ _2\"></span>pat<span class=\"_ _1\"></span>rimo<span class=\"_ _2\"></span>niale<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsol<span class=\"_ _2\"></span>idato<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>redat<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>sec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls16\">lo<span class=\"ls0\"> s<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>ema<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>evid<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls16\">la<span class=\"ls0\"> r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e di <span class=\"_ _2\"></span>at<span class=\"_ _1\"></span>tivit\u00e0 <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>passivit\u00e0 </span></span></span></span></span>tra<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff22\">\u201ccorrenti\u201d<span class=\"ff1f\"> <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span><span class=\"ff22\">\u201cnon<span class=\"ff1f\"> <span class=\"_ _1\"></span><span class=\"ff22\">correnti\u201d<span class=\"ff1f\"> <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span><span class=\"ff22\">l<span class=\"_ _3\"></span>\u2019indicazion<span class=\"_ _1\"></span>e,<span class=\"ff1f\"> <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>due voc<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>separate, delle <span class=\"_ _1\"></span><span class=\"ff22\">\u201cAttivit\u00e0<span class=\"ff1f\"> <span class=\"_ _2\"></span>destinate a<span class=\"_ _1\"></span>lla <span class=\"_ _1\"></span><span class=\"ff22\">vendita\u201d<span class=\"ff1f\"> <span class=\"_ _2\"></span>e </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>delle <span class=\"_ _17\"> </span><span class=\"ff22\">\u201cPassivit\u00e0</span> <span class=\"_ _ab\"> </span>destinate <span class=\"_ _17\"> </span>alla <span class=\"_ _ab\"> </span>dismissione <span class=\"_ _17\"> </span>o <span class=\"_ _ab\"> </span><span class=\"ff22\">cessate\u201d, <span class=\"_ _aa\"> </span>come <span class=\"_ _aa\"> </span>previsto <span class=\"_ _ab\"> </span>dall\u2019IFRS <span class=\"_ _aa\"> </span>5. <span class=\"_ _aa\"> </span>In <span class=\"_ _c\"> </span></span>particolare, un\u2019attivit\u00e0/passivi<span class=\"_ _1\"></span>t\u00e0 \u00e8 classi<span class=\"_ _1\"></span>ficata come c<span class=\"_ _1\"></span>orrente quand<span class=\"_ _1\"></span>o soddisfa uno <span class=\"_ _1\"></span>dei seguenti <span class=\"_ _1\"></span>criteri:<span class=\"ff1f\"> </span><span class=\"ff1f fs7 fc0\">ci si <span class=\"_ _2\"></span>as<span class=\"_ _3\"></span>petta <span class=\"_ _2\"></span>che sia <span class=\"_ _2\"></span>realizzata/estinta <span class=\"_ _2\"></span>o si <span class=\"_ _1\"></span>preve<span class=\"_ _1\"></span>de ch<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>sia <span class=\"_ _2\"></span>venduta o <span class=\"_ _2\"></span>utilizzata n<span class=\"_ _1\"></span>el n<span class=\"_ _2\"></span>ormale cic<span class=\"_ _1\"></span>lo op<span class=\"_ _2\"></span>erativo della </span>societ\u00e0; <span class=\"ff1f fs7 fc0\">\u00e8 posseduta principal<span class=\"_ _1\"></span>mente per essere negoz<span class=\"_ _1\"></span>iata; </span><span class=\"ff22 fs7 fc0\">si prevede che si realizz<span class=\"_ _1\"></span>i/estingua en<span class=\"_ _1\"></span>tro 12 mesi da<span class=\"_ _1\"></span>lla data di chius<span class=\"_ _1\"></span>ura dell\u2019eserc<span class=\"_ _1\"></span>izio.<span class=\"ff1f\"> </span></span>In mancanza di <span class=\"_ _1\"></span>tutte e tre le<span class=\"_ _1\"></span> condizioni, le <span class=\"_ _1\"></span>attivit\u00e0/pass<span class=\"_ _1\"></span>ivit\u00e0 sono class<span class=\"_ _1\"></span>ificate co<span class=\"_ _1\"></span>me non corre<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ti.<span class=\"_ _2\"></span> Il rendiconto finanziario consolidato \u00e8 stato predisposto applicando il metodo indiretto per<span class=\"_ _3\"></span> mezzo del quale <span class=\"ls16\">il</span> risultato ope<span class=\"_ _1\"></span>rativo \u00e8 <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ettificato dag<span class=\"_ _1\"></span>li effe<span class=\"_ _1\"></span>tti delle op<span class=\"_ _2\"></span>erazioni di natu<span class=\"_ _1\"></span>ra non monetar<span class=\"_ _1\"></span>ia, da qualsiasi differ<span class=\"_ _1\"></span>imento o accantonamento di precedenti o futuri i<span class=\"_ _3\"></span>ncassi o pagamenti operativi e da <span class=\"_ _3\"></span>elementi di ricavi o <span class=\"_ _3\"></span>costi connessi con <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>flussi <span class=\"_ _11\"></span>finanziari <span class=\"_ _6\"></span>derivanti <span class=\"_ _11\"></span>dall\u2019<span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _11\"></span>d\u2019investimento <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>finanziar<span class=\"_ _1\"></span>ia. <span class=\"_ _6\"></span>I <span class=\"_ _11\"></span>pr<span class=\"_ _3\"></span>oventi <span class=\"_ _11\"></span>e <span class=\"_ _6\"> </span>gli <span class=\"_ _6\"> </span>oneri <span class=\"_ _6\"></span>relativi <span class=\"_ _11\"></span>alle operazioni <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _2\"></span>iamen<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>med<span class=\"_ _2\"></span>io/lun<span class=\"_ _2\"></span>go <span class=\"_ _6\"></span>ter<span class=\"_ _2\"></span>mine<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ls48\">ed</span> <span class=\"_ _7\"></span><span class=\"ls3\">ai</span> <span class=\"_ _6\"></span>relat<span class=\"_ _2\"></span>ivi <span class=\"_ _6\"></span>st<span class=\"_ _1\"></span>rum<span class=\"_ _2\"></span>enti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ls6\">di</span> <span class=\"_ _6\"></span>cope<span class=\"_ _1\"></span>rtu<span class=\"_ _2\"></span>ra, <span class=\"_ _6\"></span>non<span class=\"_ _2\"></span>ch\u00e9 <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>di<span class=\"_ _1\"></span>vid<span class=\"_ _2\"></span>endi<span class=\"_ _1\"></span> corrisposti <span class=\"_ _7\"> </span>sono <span class=\"_ _a\"> </span>inclusi <span class=\"_ _a\"> </span>nell<span class=\"_ _1\"></span>\u2019attivit\u00e0 <span class=\"_ _a\"> </span>di <span class=\"_ _7\"> </span>finanziamento. <span class=\"_ _7\"> </span>I <span class=\"_ _a\"> </span>pagamenti <span class=\"_ _a\"> </span>relativi <span class=\"_ _a\"> </span>al<span class=\"_ _1\"></span>le <span class=\"_ _a\"></span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"> </span>per <span class=\"_ _7\"></span>leasing <span class=\"_ _a\"> </span>sono compresi nei <span class=\"_ _1\"></span>flussi della ge<span class=\"_ _1\"></span>stione finanz<span class=\"_ _1\"></span>iaria. Il <span class=\"_ _e\"></span>prospetto <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>movimentazione <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>patrimonio <span class=\"_ _e\"></span>netto <span class=\"_ _e\"></span>consolidato <span class=\"_ _e\"></span>illustra <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>variazioni <span class=\"_ _e\"></span>intervenute <span class=\"_ _e\"></span>nelle <span class=\"_ _e\"></span>voci del patrimonio ne<span class=\"_ _1\"></span>tto relativ<span class=\"_ _1\"></span>e a: <span class=\"ff22 fs7 fc0\">destinazione dell\u2019uti<span class=\"_ _1\"></span>le di p<span class=\"ff1f\">eriodo; </span></span><span class=\"ff1f fs7 fc0\">ammontare <span class=\"_ _11\"></span>relativo <span class=\"_ _e\"></span>ad <span class=\"_ _11\"></span>operazioni <span class=\"_ _e\"></span>con <span class=\"_ _11\"></span>gli <span class=\"_ _11\"></span>azionisti <span class=\"_ _e\"></span>(acquisto <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>vendita <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>azioni <span class=\"_ _e\"></span>proprie);<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>separatamente <span class=\"_ _e\"></span>i </span>proventi <span class=\"_ _3\"></span>ed <span class=\"_ _e\"></span>oneri <span class=\"_ _e\"></span>defini<span class=\"_ _1\"></span>ti <span class=\"_ _e\"></span><span class=\"ff25\">\u201cvariazi<span class=\"_ _1\"></span>oni <span class=\"_ _e\"></span>genera<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>da <span class=\"_ _e\"></span>transazioni <span class=\"_ _3\"></span>con <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>non<span class=\"ff24\">- <span class=\"_ _e\"></span></span>soci\u201d, <span class=\"_ _e\"></span><span class=\"ff1f\">che <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>riportate <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>nel </span></span>conto economico <span class=\"_ _1\"></span>consolidato comp<span class=\"_ _1\"></span>lessivo. Si <span class=\"_ _12\"> </span>precisa, <span class=\"_ _a\"> </span>infine, <span class=\"_ _12\"> </span>che <span class=\"_ _12\"> </span>con<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>riferimen<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>alla <span class=\"_ _a\"> </span>Delibera <span class=\"_ _12\"> </span>Consob <span class=\"_ _a\"> </span>n. <span class=\"_ _12\"> </span>15519 <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span><span class=\"ls6\">27</span> <span class=\"_ _12\"> </span>luglio <span class=\"_ _12\"> </span>2006 <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>merito <span class=\"_ _11\"></span>agli schemi <span class=\"_\"> </span>di <span class=\"_\"> </span>b<span class=\"_ _1\"></span>ilancio <span class=\"_\"> </span>in <span class=\"_\"> </span>all<span class=\"_ _1\"></span>egato, <span class=\"_\"> </span>sono <span class=\"_\"> </span>s<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ati <span class=\"_\"> </span>inserit<span class=\"_ _1\"></span>i <span class=\"_\"> </span>specifi<span class=\"_ _1\"></span>ci <span class=\"_\"> </span>schemi <span class=\"_ _12\"> </span>supplementari <span class=\"_\"> </span>diconto <span class=\"_\"> </span>econo<span class=\"_ _1\"></span>mico consolidato e <span class=\"_ _e\"></span>sta<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>patrimoniale <span class=\"_ _3\"></span>consolidato<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>evidenza <span class=\"_ _3\"></span>dei rapporti <span class=\"_ _3\"></span>significativi con parti corre<span class=\"_ _1\"></span>late, <span class=\"ls4\">al</span> f<span class=\"_ _1\"></span>ine di <span class=\"_ _1\"></span>non <span class=\"_ _2\"></span>compromettere <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>leggibilit\u00e0 <span class=\"_ _2\"></span>complessiva <span class=\"_ _1\"></span>degli schem<span class=\"_ _1\"></span>i di bilancio.<span class=\"_ _1\"></span> </span></span>3. A<span class=\"_ _2\"></span>rea <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>dam<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>o Nel corso del 2022 <span class=\"_ _1\"></span>il perimetro di <span class=\"_ _1\"></span>consolidato ha <span class=\"_ _1\"></span>subito le segue<span class=\"_ _1\"></span>nti modifiche<span class=\"_ _1\"></span>:  la <span class=\"_\"> </span>societ<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _12\"> </span>controllata <span class=\"_ _12\"> </span>Cairo <span class=\"_\"> </span>Pubbl<span class=\"_ _1\"></span>icit\u00e0 <span class=\"_ _12\"> </span>S.p.A., <span class=\"_ _12\"> </span>in <span class=\"_\"> </span>precede<span class=\"_ _1\"></span>nza <span class=\"_ _12\"> </span>consolidata <span class=\"_ _12\"> </span>integralmente<span class=\"_ _1\"></span>, <span class=\"_\"> </span>\u00e8 <span class=\"_ _12\"> </span>stata <span class=\"_ _12\"> </span>fusa <span class=\"_\"> </span>p<span class=\"_ _1\"></span>er incorporazione in Ca<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ro Comm<span class=\"_ _1\"></span>unication S.p.A.,<span class=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">sono state costituite e cons<span class=\"_ _1\"></span>olidate <span class=\"_ _1\"></span>integralmente le segu<span class=\"_ _1\"></span>enti societ\u00e0 </span>\u2212<span class=\"ff27\"> <span class=\"_ _1c9\"> </span><span class=\"ff1f\">Unidad Editorial<span class=\"_ _1\"></span> Sports&amp;E<span class=\"_ _1\"></span>vents S.L.U. </span></span>\u2212<span class=\"ff27\"> <span class=\"_ _1c9\"> </span><span class=\"ff1f\">Ecomozione 5D S.L.<span class=\"_ _1\"></span> </span></span>\u2212<span class=\"ff27\"> <span class=\"_ _1c9\"> </span><span class=\"ff1f\">Emoxione S.r.l.<span class=\"_ _1\"></span> </span></span><span class=\"ff1f fs7 fc0\">sono <span class=\"_ _11\"></span>state <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>noltre <span class=\"_ _11\"></span>fuse <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>incorporazione <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _e\"></span>Logintegral <span class=\"_ _11\"></span>2000 <span class=\"_ _11\"></span>S.A.U. <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>Unidad <span class=\"_ _6\"></span>Editorial <span class=\"_ _11\"></span>S.A. <span class=\"_ _11\"></span>e <span class=\"_ _6\"></span>la </span>societ\u00e0 <span class=\"_ _2\"></span>RCS <span class=\"_ _1\"></span>Edizioni<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>Locali <span class=\"_ _1\"></span>S.r.l. <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>RCS <span class=\"_ _2\"></span>MediaGroup <span class=\"_ _2\"></span>S.p.A. <span class=\"_ _2\"></span>Entrambe que<span class=\"_ _1\"></span>ste <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _2\"></span>erano <span class=\"_ _2\"></span>precedentemente consolidate integ<span class=\"_ _1\"></span>ralmente. 4. C<span class=\"_ _2\"></span>rite<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> va<span class=\"_ _1\"></span>lut<span class=\"_ _2\"></span>azione<span class=\"_ _1\"></span> Il <span class=\"_ _12\"> </span>bilancio <span class=\"_\"> </span>consol<span class=\"_ _1\"></span>idato <span class=\"_ _12\"> </span>\u00e8 <span class=\"_\"> </span>sta<span class=\"_ _1\"></span>to <span class=\"_\"> </span>r<span class=\"_ _1\"></span>edatto <span class=\"_ _12\"> </span>in <span class=\"_\"> </span>con<span class=\"_ _1\"></span>formit\u00e0 <span class=\"_\"> </span>a <span class=\"_ _12\"> </span>quanto <span class=\"_ _12\"> </span>disposto <span class=\"_\"> </span>da<span class=\"_ _1\"></span>lla <span class=\"_ _12\"> </span>CONSOB <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>deli<span class=\"_ _3\"></span>bera <span class=\"_ _12\"> </span><span class=\"ls6\">n.</span> 11971/1999 <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>success<span class=\"_ _1\"></span>ive <span class=\"_ _2\"></span>modifiche, <span class=\"_ _2\"></span><span class=\"ls2\">tra<span class=\"ls0\"> <span class=\"_ _2\"></span>cui <span class=\"_ _1\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>particolare <span class=\"_ _2\"></span>quelle <span class=\"_ _2\"></span>introdotte <span class=\"_ _1\"></span>dalle <span class=\"_ _2\"></span>delibere n. <span class=\"_ _2\"></span>14990 <span class=\"_ _2\"></span>del 14 <span class=\"_ _1\"></span>aprile<span class=\"_ _2\"></span> </span></span></span></span>2005 <span class=\"_ _2\"></span>e n. <span class=\"_ _2\"></span>15519 <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>27 lug<span class=\"_ _1\"></span>lio <span class=\"_ _2\"></span>2006, <span class=\"_ _2\"></span>contiene i<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>prospetti <span class=\"_ _2\"></span>contabili <span class=\"_ _2\"></span>e le <span class=\"_ _2\"></span>note <span class=\"_ _2\"></span>esplicative <span class=\"_ _2\"></span>ed<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>integrative <span class=\"_ _2\"></span>consolidati di <span class=\"_\"> </span>Gruppo, <span class=\"_\"> </span>el<span class=\"_ _1\"></span>aborati <span class=\"_\"> </span>adot<span class=\"_ _1\"></span>tando <span class=\"_\"> </span>i <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>incip<span class=\"_ _2\"></span>i <span class=\"_\"> </span>c<span class=\"_ _2\"></span>ontab<span class=\"_ _2\"></span>ili <span class=\"_ _12\"> </span>in<span class=\"_ _2\"></span>terna<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>IF<span class=\"_ _1\"></span>RS<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>emes<span class=\"_ _2\"></span>si <span class=\"_ _12\"> </span>dall<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>I<span class=\"_ _1\"></span>AS<span class=\"_ _2\"></span>B <span class=\"_ _12\"> </span>(<span class=\"ff24\">Inte<span class=\"_ _1\"></span>rna<span class=\"_ _2\"></span>tiona<span class=\"_ _1\"></span>l </span>Acc<span class=\"_ _2\"></span>ounti<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>Sta<span class=\"_ _2\"></span>ndard<span class=\"_ _2\"></span>s <span class=\"_ _e\"></span>Board<span class=\"ff22\">) <span class=\"_ _11\"></span>e <span class=\"_ _e\"></span>adottati <span class=\"_ _11\"></span>dall\u2019Unione <span class=\"_ _e\"></span>Europea. <span class=\"_ _e\"></span>Per <span class=\"_ _11\"></span>IFRS <span class=\"_ _e\"></span>si <span class=\"_ _11\"></span>intendono <span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>utti <span class=\"_ _e\"></span>gli <span class=\"_ _11\"></span>\u201c<span class=\"_ _3\"></span></span>International Financial <span class=\"_ _12\"> </span>Reporti<span class=\"_ _1\"></span>ng <span class=\"_ _12\"> </span>Standards<span class=\"ff22\">\u201d<span class=\"ff1f\"> <span class=\"_ _a\"> </span>(IFRS), <span class=\"_ _12\"> </span>tutti <span class=\"_ _12\"> </span>gli <span class=\"_ _12\"> </span></span>\u201c</span>Internat<span class=\"_ _1\"></span>ional <span class=\"_ _12\"> </span>Accounting <span class=\"_ _a\"> </span>Standards\u201d <span class=\"_ _12\"> </span>(IAS) <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>tutte <span class=\"_ _16\"> </span>le interpretazioni <span class=\"_ _3\"></span>dell\u2019\u201c<span class=\"ff24\">International <span class=\"_ _e\"></span>Financ<span class=\"_ _1\"></span>ial <span class=\"_ _e\"></span>Reporting <span class=\"_ _3\"></span>St<span class=\"_ _3\"></span>andards <span class=\"_ _3\"></span>Interpretations <span class=\"_ _e\"></span>Committe<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span><span class=\"ff22\">\u201d <span class=\"_ _e\"></span>(IFRS <span class=\"_ _e\"></span>IC, <span class=\"_ _e\"></span>gi\u00e0 </span></span>IFRIC<span class=\"_ _1\"></span>), precedentemente d<span class=\"_ _1\"></span>enominate \u201c<span class=\"ff24\">Standing In<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>erpretations Comm<span class=\"_ _1\"></span>ittee<span class=\"ff22\">\u201d (SIC<span class=\"_ _1\"></span>).<span class=\"ff1f\"> </span></span></span>Il <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>del <span class=\"_ _1\"></span>Gruppo <span class=\"_ _2\"></span>Cairo <span class=\"_ _2\"></span>Communication <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _1\"></span>2022 <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>redatto <span class=\"_ _1\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>b<span class=\"ls4\">ase</span> <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>presupposto </span></span></span></span></span></span>della continuit\u00e0 aziendale, avendo <span class=\"ls2\">il<span class=\"_ _1\"></span><span class=\"ls0\"> Gruppo valutato che, pu<span class=\"_ _1\"></span>r <span class=\"ls16\">in</span> <span class=\"_ _3\"></span>presenza <span class=\"ff22\">dell\u2019<span class=\"_ _1\"></span>attuale<span class=\"ff1f\"> contesto geopolitico ed </span></span></span></span>economico, <span class=\"_ _0\"></span>non <span class=\"_ _2\"></span>sussistono <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>gnificative <span class=\"_ _0\"></span>incertezze <span class=\"_ _2\"></span>(come <span class=\"_ _2\"></span>defini<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>nel <span class=\"_ _0\"></span>paragrafo <span class=\"_ _2\"></span>25 <span class=\"_ _2\"></span>dello <span class=\"_ _0\"></span>IAS <span class=\"_ _2\"></span>1) <span class=\"_ _0\"></span>sul<span class=\"_ _3\"></span>la <span class=\"_ _2\"></span>con<span class=\"_ _1\"></span>tinuit\u00e0 aziendale <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>considerazi<span class=\"_ _1\"></span>one <span class=\"_ _2\"></span>sia del<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>prospettive <span class=\"_ _2\"></span>reddit<span class=\"_ _1\"></span>uali <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>capacit\u00e0 <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>gene<span class=\"_ _1\"></span>razione <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>cassa <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>societ<span class=\"_ _1\"></span>\u00e0 </span></span>del <span class=\"_ _1\"></span>Gruppo, s<span class=\"_ _1\"></span>ia dell\u2019asset<span class=\"_ _1\"></span>to della sua s<span class=\"_ _1\"></span>truttura patri<span class=\"_ _1\"></span>moniale. Con <span class=\"_ _11\"></span>riferimento <span class=\"_ _e\"></span>alla <span class=\"_ _11\"></span>comunicazione <span class=\"_ _e\"></span>Consob <span class=\"_ _11\"></span>n. <span class=\"_ _11\"></span>DEM/11070007 <span class=\"_ _e\"></span>del <span class=\"_ _11\"></span>5 <span class=\"_ _11\"></span>agosto <span class=\"_ _11\"></span>2011, <span class=\"_ _11\"></span><span class=\"ls49\">si</span> <span class=\"_ _11\"></span>ricorda <span class=\"_ _a\"></span>ino<span class=\"_ _1\"></span>ltre <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>il<span class=\"_ _3\"></span> Gruppo <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>detiene<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>in po<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>tafoglio <span class=\"_ _2\"></span>titoli <span class=\"_ _2\"></span>obbligazionari <span class=\"_ _2\"></span>emessi <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>governi <span class=\"_ _2\"></span>centrali <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>locali <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>da en<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>governativi, e non \u00e8 pertanto e<span class=\"_ _1\"></span>sposto ai rischi der<span class=\"_ _1\"></span>ivanti dalle osc<span class=\"_ _1\"></span>illazioni di merc<span class=\"_ _1\"></span>ato dei sudd<span class=\"_ _1\"></span>etti titoli. 5. P<span class=\"_ _2\"></span>rinc<span class=\"_ _1\"></span>ipi<span class=\"_ _1\"></span> di<span class=\"_ _2\"></span> cons<span class=\"_ _2\"></span>olidame<span class=\"_ _2\"></span>nto Le <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"></span>controllate <span class=\"_ _e\"></span>direttamente <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>indirettamente <span class=\"_ _e\"></span>indicate <span class=\"_ _e\"></span>nell\u2019allega<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>1 <span class=\"_ _11\"></span>\u201cLe <span class=\"_ _e\"></span>imprese <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>Cairo Communication<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ff22\">\u2013</span> <span class=\"ff22\">Societ\u00e0 consolidate con <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>metodo integrale\u201d sono consolidate integralmente a <span class=\"_ _3\"></span>partir</span>e <span class=\"_ _3\"></span>dalla data <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>acquisizione, <span class=\"_ _2\"></span>ovvero <span class=\"_ _2\"></span>dalla <span class=\"_ _1\"></span>data <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>cui <span class=\"_ _2\"></span>il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _0\"></span>ne <span class=\"_ _2\"></span>acquisisce <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _0\"></span>controllo <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>essano <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>esse<span class=\"_ _1\"></span>re <span class=\"_ _2\"></span>consolida<span class=\"_ _1\"></span>te </span></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span><span class=\"ls2\">in</span> <span class=\"_ _3\"></span>cui <span class=\"_ _e\"></span><span class=\"ls33\">se</span> <span class=\"_ _3\"></span>ne <span class=\"_ _e\"></span>perde<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>il <span class=\"_ _11\"></span>controllo. <span class=\"_ _e\"></span>Il <span class=\"_ _11\"></span>Gruppo <span class=\"_ _e\"></span>ha <span class=\"_ _11\"></span>il <span class=\"_ _11\"></span>controllo <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>societ\u00e0 <span class=\"_ _e\"></span>quando <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>virt\u00f9 <span class=\"_ _e\"></span>del <span class=\"_ _11\"></span>proprio rapporto con l\u2019entit<span class=\"ff1f\">\u00e0 de<span class=\"_ _1\"></span>tiene il controllo su<span class=\"_ _1\"></span>lle attivit\u00e0 rilevant<span class=\"_ _1\"></span>i della stessa, \u00e8 espos<span class=\"_ _1\"></span>to ai rendimenti variabi<span class=\"_ _1\"></span>li, e </span>detenendo <span class=\"_ _e\"></span>diritti <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>tali <span class=\"_ _e\"></span>ren<span class=\"_ _1\"></span>dimenti, <span class=\"_ _e\"></span>ha <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>contempo <span class=\"_ _3\"></span>la <span class=\"_ _e\"></span>capacit\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>influenzarli <span class=\"_ _3\"></span>esercitando <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>proprio <span class=\"_ _e\"></span>potere sull\u2019entit\u00e0 stess<span class=\"_ _1\"></span>a.<span class=\"ff1f\"> </span>I <span class=\"_ _2\"></span>risultati eco<span class=\"_ _2\"></span>nomici de<span class=\"_ _1\"></span>lle <span class=\"_ _2\"></span>imprese <span class=\"_ _1\"></span>controllate <span class=\"_ _2\"></span>acquisite <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>ce<span class=\"_ _3\"></span>dute <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>corso <span class=\"ff22\">de<span class=\"_ _1\"></span>ll\u2019esercizio<span class=\"ff1f\"> <span class=\"_ _2\"></span>sono <span class=\"_ _3\"></span>inclusi <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>conto </span></span>economico <span class=\"_ _2\"></span>consolidat<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>dalla <span class=\"_ _2\"></span>data <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>cui <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>ottie<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>controllo <span class=\"_ _2\"></span>fino <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>data <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>cui <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>esercita pi\u00f9 il controllo <span class=\"_ _1\"></span>sulle societ\u00e0<span class=\"_ _1\"></span>. Le<span class=\"ls0\"> <span class=\"_ _6\"></span>imprese <span class=\"_ _6\"></span>sulle <span class=\"_ _6\"></span>quali <span class=\"_ _6\"></span><span class=\"ls33\">si</span> <span class=\"_ _6\"></span>esercita <span class=\"_ _6\"></span><span class=\"ls6\">un</span> <span class=\"_ _7\"></span>controllo <span class=\"_ _11\"></span>congiunto <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>soci, <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span><span class=\"ls16\">le<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>collegate <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>comunque </span>sottoposte <span class=\"_ _7\"></span>ad <span class=\"_ _a\"> </span>influenza <span class=\"_ _7\"></span>notevole <span class=\"_ _7\"></span>sono <span class=\"_ _a\"></span>sta<span class=\"_ _1\"></span>te <span class=\"_ _7\"></span>consolidate <span class=\"_ _a\"></span>con <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _a\"></span>meto<span class=\"_ _1\"></span>do <span class=\"_ _7\"></span>del <span class=\"_ _a\"> </span>patrimonio <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>ai <span class=\"_ _a\"> </span>sensi <span class=\"_ _7\"></span>delle disposizioni conte<span class=\"_ _1\"></span>nute nell\u2019<span class=\"_ _1\"></span>IFRS 11.<span class=\"ff1f\"> </span>I <span class=\"_ _a\"> </span>principi <span class=\"_ _a\"> </span>contabili <span class=\"_ _a\"> </span>adottati <span class=\"_ _a\"> </span>sono <span class=\"_ _a\"> </span>omogenei <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span><span class=\"ls16\">le<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>societ\u00e0 <span class=\"_ _a\"> </span>incluse <span class=\"_ _a\"> </span>nel <span class=\"_ _12\"> </span>conso<span class=\"_ _1\"></span>lidato <span class=\"_ _a\"> </span>e <span class=\"_ _a\"> </span><span class=\"ls16\">le</span> <span class=\"_ _12\"> </span>relat<span class=\"_ _1\"></span>ive <span class=\"_\"> </span>situaz<span class=\"_ _1\"></span>ioni economiche pat<span class=\"_ _1\"></span>rimoniali so<span class=\"_ _1\"></span>no tutte redat<span class=\"_ _1\"></span>te al 31 dice<span class=\"_ _1\"></span>mbre 2022. Qualora <span class=\"_ _2\"></span>necessario, <span class=\"_ _2\"></span>sono <span class=\"_ _1\"></span>effet<span class=\"_ _1\"></span>tuate <span class=\"_ _2\"></span>rettifiche <span class=\"_ _2\"></span><span class=\"ls3\">ai<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>bilanci <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>imprese <span class=\"_ _2\"></span>controllate <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>allineare i <span class=\"_ _e\"></span>criteri contabili </span></span>utilizzati a quell<span class=\"_ _1\"></span>i adottati da<span class=\"_ _1\"></span>l Gruppo. Il <span class=\"_ _2\"></span>consolidamento <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>bilanci d<span class=\"_ _1\"></span>elle <span class=\"_ _2\"></span>imprese <span class=\"_ _2\"></span>controllate <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>stato <span class=\"_ _1\"></span>effettuato <span class=\"_ _2\"></span>secondo <span class=\"_ _1\"></span>il <span class=\"_ _2\"></span>metodo <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>consolida<span class=\"_ _1\"></span>mento integrale, assumendo <span class=\"_ _3\"></span>l\u2019intero <span class=\"_ _3\"></span>importo delle <span class=\"_ _3\"></span>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=\"ff1f\"> e <span class=\"_ _1\"></span>dei ricavi <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>singole societ\u00e0, </span>prescindendo <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>quote <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>partecipazione <span class=\"_ _7\"></span>possedute, <span class=\"_ _a\"> </span>eliminando <span class=\"_ _12\"> </span>il <span class=\"_ _a\"> </span>valore <span class=\"_ _12\"> </span>contabile <span class=\"_ _12\"> </span>dell<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>partecipaz<span class=\"_ _1\"></span>ion<span class=\"ls16\">i </span>consolidate de<span class=\"_ _1\"></span>tenute dalla Socie<span class=\"_ _1\"></span>t\u00e0 a fronte de<span class=\"_ _1\"></span>l relativo pat<span class=\"_ _1\"></span>rimonio netto. Ne<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span><span class=\"ls3\">caso<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> e<span class=\"_ _1\"></span>se<span class=\"_ _2\"></span>rciz<span class=\"_ _1\"></span>io <span class=\"_ _2\"></span><span class=\"ff22\">de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _1\"></span>op<span class=\"_ _2\"></span>zione<span class=\"_ _1\"></span><span class=\"ff1f\"> <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span><span class=\"ff22\">\u201c<span class=\"ff24\">f<span class=\"_ _1\"></span>ul<span class=\"_ _2\"></span>l g<span class=\"_ _1\"></span>oo<span class=\"_ _1\"></span>dw<span class=\"_ _2\"></span>ill<span class=\"ff22 ls3\">\u201d,</span><span class=\"ff1f\"> <span class=\"_ _2\"></span>olt<span class=\"_ _2\"></span>re <span class=\"_ _1\"></span><span class=\"ls48\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>ricon<span class=\"_ _1\"></span>osc<span class=\"_ _2\"></span>imen<span class=\"_ _2\"></span>to <span class=\"_ _1\"></span>de<span class=\"_ _2\"></span>l <span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0%<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>fa<span class=\"_ _1\"></span>ir <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>e<span class=\"_ _1\"></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=\"ff22\">dell\u2019<span class=\"ff24\">IFRS 3 - <span class=\"_ _3\"></span>Business Combinations</span></span>, <span class=\"ls33\">si</span> <span class=\"ff22\">pr<span class=\"_ _3\"></span>ocede <span class=\"_ _e\"></span>all\u2019iscrizione <span class=\"_ _e\"></span>del <span class=\"_ _6\"></span><span class=\"ff24\">goodwi<span class=\"_ _1\"></span>ll <span class=\"_ _11\"></span><span class=\"ff1f\">delle </span></span></span>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=\"_ _3\"></span>quota <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>interessenza <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>costituiscono una <span class=\"_ _3\"></span>perdita <span class=\"_ _3\"></span><span class=\"ls6\">di</span> controllo <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span><span class=\"ls33\">si<span class=\"ls0\"> <span class=\"_ _1\"></span>riferiscono <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>partecipate <span class=\"_ _2\"></span><span class=\"ff22\">gi\u00e0 sot<span class=\"_ _1\"></span>toposte <span class=\"_ _2\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>controllo sono <span class=\"_ _2\"></span>rilevati n<span class=\"_ _1\"></span>ell\u2019am<span class=\"ff1f\">bito <span class=\"_ _1\"></span>del <span class=\"_ _2\"></span>patrimonio net<span class=\"_ _1\"></span>to </span></span></span></span>consolidato. La <span class=\"_ _12\"> </span>quota <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>interessenza <span class=\"_ _12\"> </span>degli <span class=\"_ _12\"> </span>azionisti <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>minoranza <span class=\"_ _12\"> </span>nelle <span class=\"_ _12\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>nette <span class=\"_ _12\"> </span>delle <span class=\"_ _12\"> </span>controllate <span class=\"_ _12\"> </span>consol<span class=\"_ _1\"></span>idate <span class=\"_ _12\"> </span>\u00e8 identificata <span class=\"_ _2\"></span>separatamente <span class=\"_ _2\"></span>rispetto al <span class=\"_ _2\"></span>patrimonio n<span class=\"_ _2\"></span>etto di <span class=\"_ _2\"></span>Grupp<span class=\"_ _3\"></span>o. Ta<span class=\"_ _1\"></span>le i<span class=\"_ _1\"></span>nteressenz<span class=\"_ _2\"></span>a \u00e8 stat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>determinata <span class=\"_ _2\"></span>in base alla <span class=\"_ _6\"></span>percentuale <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>essi <span class=\"_ _6\"></span>detenuta <span class=\"_ _7\"></span>nei <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>delle <span class=\"_ _6\"> </span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _6\"> </span>e <span class=\"_ _7\"> </span>passivit\u00e0 <span class=\"_ _7\"> </span>iscritte <span class=\"_ _6\"></span>alla <span class=\"_ _7\"> </span>data <span class=\"_ _6\"> </span>dell\u2019acquisizione originaria e nel<span class=\"_ _1\"></span>le variazion<span class=\"_ _1\"></span>i di patrimoni<span class=\"_ _1\"></span>o netto dopo <span class=\"_ _1\"></span>tale data. 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, non <span class=\"_ _3\"></span>ancora re<span class=\"_ _3\"></span>alizzati <span class=\"_ _3\"></span>derivanti da <span class=\"_ _3\"></span>operazioni fra <span class=\"_ _2\"></span>imprese rientranti <span class=\"_ _1\"></span><span class=\"ff22\">nell\u2019are<span class=\"_ _1\"></span>a<span class=\"ff1f\"> <span class=\"ls6\">di</span> <span class=\"_ _1\"></span>consolid<span class=\"_ _1\"></span>amento <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>eliminati, c<span class=\"_ _1\"></span>os\u00ec <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>tutte le partite di ammont<span class=\"_ _1\"></span>are significativo che </span></span>danno o<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>igine a <span class=\"_ _2\"></span>debiti <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>crediti, <span class=\"_ _2\"></span>costi e <span class=\"_ _2\"></span>ricavi fra <span class=\"_ _f\"> </span>le <span class=\"_ _1\"></span>imprese <span class=\"_ _1\"></span>del G<span class=\"_ _2\"></span>ruppo. Tali <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ettifiche, <span class=\"_ _2\"></span>come le <span class=\"_ _2\"></span>altre rettif<span class=\"_ _1\"></span>iche di consolidamento, <span class=\"_ _1\"></span>tengono conto,<span class=\"_ _1\"></span> ove applicabi<span class=\"_ _1\"></span>le, del relativo e<span class=\"_ _1\"></span>ffetto fiscal<span class=\"_ _1\"></span>e differito. I <span class=\"_ _2\"></span>dividendi <span class=\"_ _1\"></span>distribui<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>da soc<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _2\"></span>consolidate <span class=\"_ _2\"></span>sono <span class=\"_ _1\"></span>elimin<span class=\"_ _1\"></span>ati <span class=\"_ _2\"></span>dal c<span class=\"_ _1\"></span>onto <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>sommati <span class=\"_ _2\"></span>agli <span class=\"_ _2\"></span>utili <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>esercizi precedenti se ed in <span class=\"_ _1\"></span>quanto da es<span class=\"_ _1\"></span>si prelevati. Le <span class=\"_ _12\"> </span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"> </span>destinate <span class=\"_ _a\"> </span>alla <span class=\"_ _12\"> </span>vendita, <span class=\"_ _a\"> </span>per <span class=\"_ _12\"> </span><span class=\"ls16\">le</span> <span class=\"_ _a\"> </span>quali <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _12\"> </span>altamente <span class=\"_ _a\"> </span>probabile <span class=\"_ _a\"> </span><span class=\"ls16\">la</span> <span class=\"_ _12\"> </span>cessione <span class=\"_ _a\"> </span>entro <span class=\"_ _a\"> </span>i <span class=\"_ _3\"></span>successivi dodic<span class=\"_ _1\"></span>i mesi, <span class=\"_ _6\"></span>qualora <span class=\"_ _11\"></span>le <span class=\"_ _6\"> </span>altre <span class=\"_ _6\"></span>condizioni <span class=\"_ _6\"></span>previs<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>dall\u2019IFRS <span class=\"_ _11\"></span>5 <span class=\"_ _6\"></span>siano <span class=\"_ _6\"></span>rispettate, <span class=\"_ _11\"></span>vengono <span class=\"_ _6\"></span>classificate <span class=\"_ _11\"></span>in <span class=\"_ _6\"> </span>accordo <span class=\"_ _6\"></span>con quanto <span class=\"_ _1\"></span>stabilito <span class=\"_ _2\"></span>da tale <span class=\"_ _2\"></span>principio e <span class=\"_ _2\"></span>pertanto un<span class=\"_ _1\"></span>a vol<span class=\"_ _1\"></span>ta c<span class=\"_ _1\"></span>onsolidate <span class=\"_ _2\"></span>integralmente, <span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>attivit\u00e0 ad <span class=\"_ _2\"></span>esse riferite <span class=\"_ _2\"></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=\"_ _2\"></span>in <span class=\"_ _2\"></span>un\u2019unica <span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>ine<span class=\"ff1f\">a <span class=\"_ _2\"></span>dello <span class=\"_ _2\"></span>stato <span class=\"_ _2\"></span>patri<span class=\"_ _1\"></span>moniale, <span class=\"_ _2\"></span>nella <span class=\"_ _2\"></span>sezion<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>passivit\u00e0, <span class=\"_ _2\"></span>ed <span class=\"_ _0\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>relativo <span class=\"_ _2\"></span>margi<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>risultato </span>\u00e8 <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>iportato <span class=\"_ _2\"></span>nel <span class=\"_ _1\"></span>conto <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>nella <span class=\"_ _1\"></span>linea <span class=\"_ _2\"></span><span class=\"ff22\">\u201cRisultato<span class=\"ff1f\"> <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _2\"></span>destinate <span class=\"_ _2\"></span><span class=\"ff22\">alla dismissione e dis<span class=\"_ _1\"></span>messe\u201d.<span class=\"ff1f\"> </span></span></span></span>I <span class=\"_ _0\"></span>bila<span class=\"_ _2\"></span>nci <span class=\"_ _0\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>con<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>est<span class=\"_ _2\"></span>ere <span class=\"_ _0\"></span>espre<span class=\"_ _1\"></span>ss<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>valu<span class=\"_ _2\"></span><span class=\"ls16\">ta<span class=\"ls0\"> <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>sa <span class=\"_ _0\"></span><span class=\"ff22\">da<span class=\"_ _2\"></span>ll\u2019eu<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>,<span class=\"ff1f\"> <span class=\"_ _0\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>sede <span class=\"_ _0\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>so<span class=\"_ _2\"></span>lidam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>vengono <span class=\"_ _0\"></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=\"ls2\">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=\"_ _e\"></span>le <span class=\"_ _11\"></span>componenti <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>reddito <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>conto economico <span class=\"_ _7\"> </span>il <span class=\"_ _a\"> </span>cambio <span class=\"_ _6\"> </span>medio <span class=\"_ _a\"> </span>dell\u2019eser<span class=\"_ _1\"></span>cizio. <span class=\"_ _7\"> </span>Le <span class=\"_ _a\"> </span>differenze <span class=\"_ _7\"> </span>cambio<span class=\"ff1f\"> <span class=\"_ _7\"></span>risultanti <span class=\"_ _6\"></span>vengono <span class=\"_ _6\"></span>iscritte <span class=\"_ _6\"></span><span class=\"ls2\">in</span> <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>riserva </span>separata <span class=\"_ _1\"></span><span class=\"ls6\">di<span class=\"ls0\"> patrim<span class=\"_ _1\"></span>onio <span class=\"_ _1\"></span>denominata <span class=\"_ _2\"></span>Riserva di Convers<span class=\"_ _1\"></span>ione. </span></span>Le<span class=\"ls0\"> <span class=\"_ _7\"></span>modifiche <span class=\"_ _6\"></span>nella <span class=\"_ _7\"></span>quota <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>nteressenz<span class=\"_ _1\"></span>a <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>costituiscono <span class=\"_ _6\"></span>una <span class=\"_ _7\"></span>perdita <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>controllo <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>si <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriscono <span class=\"_ _7\"></span>a </span>partecipate <span class=\"_ _2\"></span>gi\u00e0 <span class=\"_ _2\"></span>sottoposte <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>controllo, <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>trattate <span class=\"_ _2\"></span>come <span class=\"_ _1\"></span><span class=\"ff24\">equity <span class=\"_ _2\"></span>transaction <span class=\"_ _2\"></span><span class=\"ff1f\">e <span class=\"_ _2\"></span>quindi <span class=\"_ _1\"></span>classifi<span class=\"_ _1\"></span>cate <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>patrimonio </span></span>netto. 6. A<span class=\"_ _2\"></span>ggre<span class=\"_ _1\"></span>gaz<span class=\"_ _2\"></span>ioni d<span class=\"_ _1\"></span>i i<span class=\"_ _2\"></span>mpres<span class=\"_ _1\"></span>e e<span class=\"_ _2\"></span> avvi<span class=\"_ _1\"></span>ame<span class=\"_ _2\"></span>nto Le agg<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>egazioni <span class=\"_ _2\"></span>di imp<span class=\"_ _1\"></span>rese <span class=\"_ _2\"></span><span class=\"ff22\">sono contabili<span class=\"_ _1\"></span>zzate <span class=\"_ _2\"></span>secondo i<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _2\"></span>dell\u2019acquisizione <span class=\"_ _2\"></span>in ba<span class=\"_ _1\"></span>se <span class=\"_ _2\"></span>al quale <span class=\"_ _2\"></span>le a<span class=\"_ _1\"></span>ttivit\u00e0, </span>le <span class=\"_ _12\"> </span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _12\"> </span>e <span class=\"_ _a\"> </span>le <span class=\"_ _12\"> </span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _a\"> </span>potenziali <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>dentificabi<span class=\"_ _1\"></span>li <span class=\"_ _12\"> </span>de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>l\u2019impresa <span class=\"_ _a\"> </span>acquisita <span class=\"_ _a\"> </span>che<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>rispettano <span class=\"_ _a\"> </span><span class=\"ls2\">le</span> <span class=\"_ _a\"> </span>condizioni <span class=\"_ _a\"> </span>per l\u2019iscrizione<span class=\"ff1f\"> <span class=\"_ _e\"></span>secondo <span class=\"_ _e\"></span></span>l\u2019IFRS<span class=\"ff1f\"> <span class=\"_ _11\"></span>3 <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>rilevate <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _11\"></span></span>alla <span class=\"_ _11\"></span>data <span class=\"_ _e\"></span><span class=\"ls6\">di</span> <span class=\"_ _e\"></span>acquisizion<span class=\"_ _1\"></span>e. <span class=\"_ _3\"></span>Vengono <span class=\"_ _3\"></span>quindi <span class=\"_ _e\"></span>stanziate<span class=\"_ _1\"></span> </span>imposte <span class=\"_ _3\"></span>differite <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>anticipate <span class=\"_ _e\"></span>sulle <span class=\"_ _3\"></span>rettifiche <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>valore <span class=\"_ _e\"></span>apportate <span class=\"_ _11\"></span>ai <span class=\"_ _6\"></span>pregressi <span class=\"_ _e\"></span>valori <span class=\"_ _11\"></span>contabili <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>allinearli <span class=\"_ _11\"></span>al valore corrente.<span class=\"_ _1\"></span> L\u2019applicazione<span class=\"ff1f\"> <span class=\"_ _16\"> </span>del <span class=\"_\"> </span>metodo <span class=\"_ _16\"> </span></span>dell\u2019acquisizione <span class=\"_ _16\"> </span>per <span class=\"_ _16\"> </span><span class=\"ls2\">la</span> <span class=\"_\"> </span>sua<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>stessa <span class=\"_ _16\"> </span>complessit\u00e0 <span class=\"_ _16\"> </span>prevede <span class=\"_ _16\"> </span>una <span class=\"_ _16\"> </span>prima <span class=\"_ _4\"> </span>fase <span class=\"_ _4\"> </span>di determinazione provvisor<span class=\"_ _1\"></span>ia dei val<span class=\"_ _3\"></span>ori correnti delle attivit\u00e0, passivit\u00e0 e passivit\u00e0 potenziali <span class=\"_ _a\"> </span>acquisite, <span class=\"_ _a\"> </span>tale <span class=\"_ _7\"></span>da consentire <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>prima<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>iscrizione <span class=\"_ _12\"> </span>dell\u2019opera<span class=\"_ _1\"></span>zione <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>bil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>cio<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>chiusura <span class=\"_ _e\"></span><span class=\"ff22\">dell\u2019esercizio <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _e\"></span>\u00e8 </span>stata <span class=\"_ _e\"></span>effettuata <span class=\"_ _e\"></span>l\u2019aggregazione. <span class=\"_ _e\"></span>Tale <span class=\"_ _e\"></span>prima <span class=\"_ _e\"></span>iscrizione <span class=\"_ _e\"></span>viene <span class=\"_ _e\"></span>completata <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>rettificata <span class=\"_ _e\"></span>entro <span class=\"_ _e\"></span>i <span class=\"_ _11\"></span>dodici <span class=\"_ _e\"></span>mesi <span class=\"_ _11\"></span>dalla data <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>acquisiz<span class=\"_ _1\"></span>ione. <span class=\"_ _3\"></span>Modifiche <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>corrispettivo <span class=\"_ _3\"></span>iniziale <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>derivano <span class=\"_ _3\"></span>da <span class=\"_ _e\"></span>eventi <span class=\"_ _e\"></span>o <span class=\"_ _3\"></span>ci<span class=\"_ _3\"></span>rcostanze <span class=\"_ _3\"></span>successive <span class=\"_ _e\"></span>alla data di acquisizione s<span class=\"_ _1\"></span>ono rileva<span class=\"_ _1\"></span>te a conto econo<span class=\"_ _1\"></span>mico. L\u2019a<span class=\"_ _1\"></span>vv<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>to <span class=\"_ _e\"></span>der<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>da<span class=\"_ _2\"></span>ll\u2019ac<span class=\"_ _2\"></span>quis<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>una<span class=\"_ _2\"></span> <span class=\"_ _11\"></span>con<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span>ta <span class=\"_ _3\"></span>rapp<span class=\"_ _1\"></span>res<span class=\"_ _2\"></span>enta <span class=\"_ _3\"></span>l\u2019ecc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span><span class=\"ff1f\">di <span class=\"_ _e\"></span>acquisizione </span>rispetto <span class=\"_ _a\"> </span>alla <span class=\"_ _12\"> </span>percentua<span class=\"_ _1\"></span>le <span class=\"_ _a\"> </span>spettante <span class=\"_ _12\"> </span>al <span class=\"_ _a\"> </span>Gruppo <span class=\"_ _a\"> </span>del <span class=\"_ _12\"> </span><span class=\"ff24\">fair <span class=\"_ _12\"> </span>value <span class=\"_ _a\"> </span></span>delle <span class=\"_ _12\"> </span>att<span class=\"_ _1\"></span>ivit\u00e0, <span class=\"_ _12\"> </span>p<span class=\"_ _1\"></span>assivit\u00e0 <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _a\"> </span>potenziali identificabili <span class=\"_ _1\"></span>della co<span class=\"_ _1\"></span>ntrollata al<span class=\"_ _1\"></span>la data d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> acquis<span class=\"_ _1\"></span>izione. <span class=\"_ _1\"></span>Nel caso <span class=\"_ _1\"></span>di eserc<span class=\"_ _1\"></span>izio dell<span class=\"_ _1\"></span>\u2019opzione <span class=\"_ _1\"></span>del <span class=\"ff25\">\u201cfull goodwill\u201d<span class=\"ff1f ls6\">, </span></span>\u00e8 consentito <span class=\"_ _2\"></span>all\u2019acquirente di <span class=\"_ _1\"></span>riconoscere <span class=\"_ _2\"></span>il<span class=\"_ _3\"></span> 100% <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _1\"></span>avviamento d<span class=\"_ _1\"></span>elle s<span class=\"_ _1\"></span>ociet\u00e0 ac<span class=\"_ _1\"></span>quisite, piu<span class=\"_ _1\"></span>ttosto <span class=\"_ _1\"></span>che il <span class=\"_ _2\"></span>solo avviamento spe<span class=\"_ _1\"></span>ttante alla maggioranz<span class=\"_ _1\"></span>a. L\u2019avviamento<span class=\"ff1f\"> derivante <span class=\"_ _3\"></span>dalla <span class=\"ff24\">business <span class=\"_ _3\"></span>combination </span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span><span class=\"ls30\">RCS</span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>determinato </span>con <span class=\"_ _e\"></span>l\u2019approccio <span class=\"_ _e\"></span>del consolidamento in<span class=\"_ _1\"></span>tegrale <span class=\"ff25\">\u201cf<span class=\"_ _1\"></span>ull goodwill<span class=\"ff22 ls4\">\u201d.<span class=\"_ _1\"></span><span class=\"ff1f ls0\"> </span></span></span>L\u2019avviamento<span class=\"ff1f\"> <span class=\"_ _11\"></span>\u00e8 <span class=\"_ _11\"></span>rilevato <span class=\"_ _11\"></span>come <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _11\"></span>immateriale <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>vita <span class=\"_ _6\"></span>indefinita <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>non <span class=\"_ _6\"></span>viene <span class=\"_ _11\"></span></span>ammortizzato. <span class=\"_ _a\"> </span>L\u2019even<span class=\"_ _1\"></span>tuale differenza <span class=\"_ _3\"></span>positiva <span class=\"_ _e\"></span>tra <span class=\"_ _e\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _3\"></span>valutate <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _e\"></span></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>acquisi<span class=\"_ _1\"></span>zione <span class=\"_ _3\"></span>ed <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>prezzo <span class=\"_ _3\"></span>pagato <span class=\"_ _e\"></span>\u00e8 rilevata <span class=\"_ _a\"> </span>nel <span class=\"_ _a\"> </span>conto <span class=\"_ _12\"> </span>econom<span class=\"_ _1\"></span>ico <span class=\"_ _a\"> </span>consolidato <span class=\"_ _a\"> </span>a <span class=\"_ _12\"> </span>tito<span class=\"_ _1\"></span>lo <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>provento<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>non <span class=\"_ _a\"></span>ricor<span class=\"_ _1\"></span>rente. <span class=\"_ _7\"></span>Essa <span class=\"_ _a\"></span>pu\u00f2 <span class=\"_ _6\"></span>essere <span class=\"_ _a\"> </span>ogget<span class=\"_ _1\"></span>to <span class=\"_ _7\"></span>di successiva <span class=\"_ _2\"></span>rettifica <span class=\"_ _1\"></span>nel <span class=\"_ _2\"></span>periodo di <span class=\"_ _2\"></span>dodici mesi dal<span class=\"_ _1\"></span>la data di acqu<span class=\"_ _1\"></span>isizione. I <span class=\"_ _e\"></span>costi <span class=\"_ _e\"></span>connessi <span class=\"_ _e\"></span><span class=\"ff22\">all\u2019aggregazione</span> <span class=\"_ _3\"></span>non <span class=\"_ _e\"></span>fanno <span class=\"_ _e\"></span>parte <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>corrispettivo <span class=\"_ _e\"></span>trasferito <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>pertanto <span class=\"_ _e\"></span>rilevati <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>conto economico. L\u2019avviamento <span class=\"_ _a\"> </span>viene <span class=\"_ _12\"> </span>periodicamente <span class=\"_ _a\"> </span>ri<span class=\"_ _3\"></span>esaminato <span class=\"_ _a\"> </span>per <span class=\"_ _12\"> </span>verificarne <span class=\"_ _12\"> </span>i <span class=\"_ _12\"> </span>presup<span class=\"_ _1\"></span>posti <span class=\"_ _a\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>recuperab<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_ _12\"> </span>tramite <span class=\"_ _a\"> </span>il confronto <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>il m<span class=\"_ _1\"></span>aggiore <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span>il <span class=\"_ _1\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f\">e i<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span><span class=\"ff24\">value <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>use<span class=\"ff1f\">, <span class=\"_ _6\"></span>calcolato <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>sommatoria <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>flussi <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>cassa <span class=\"_ _2\"></span>futuri </span></span></span></span>attualizzati <span class=\"_ _3\"></span>generati <span class=\"_ _e\"></span>dall\u2019in<span class=\"_ _1\"></span>vestim<span class=\"ff1f\">ento <span class=\"_ _e\"></span>sottostant<span class=\"_ _1\"></span>e. <span class=\"_ _e\"></span>Le <span class=\"_ _3\"></span>perdite <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>valore <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>iscritte <span class=\"_ _3\"></span>immediatamente <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>conto </span>economico e non so<span class=\"_ _1\"></span>no succ<span class=\"_ _1\"></span>essivamente rip<span class=\"_ _1\"></span>ristinate. Al <span class=\"_ _15\"> </span>fine <span class=\"_ _5\"> </span><span class=\"ff22\">dell\u2019analisi</span> <span class=\"_ _15\"> </span><span class=\"ls6\">di</span> <span class=\"_ _15\"> </span>congru<span class=\"_ _1\"></span>it\u00e0, <span class=\"_ _15\"> </span>l\u2019avvi<span class=\"_ _1\"></span>amento<span class=\"ff1f\"> <span class=\"_ _5\"> </span>acquisito <span class=\"_ _15\"> </span><span class=\"ls16\">in</span> <span class=\"_ _15\"> </span></span>un<span class=\"_ _1\"></span>\u2019aggregazion<span class=\"_ _1\"></span>e <span class=\"_ _15\"> </span>aziendal<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>allocato,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>alla data di <span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>quisizione, <span class=\"_ _2\"></span>alle singole <span class=\"_ _1\"></span>unit\u00e0 <span class=\"_ _1\"></span>generatrici <span class=\"_ _2\"></span>di flussi di <span class=\"_ _2\"></span>cassa del G<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>uppo, <span class=\"_ _1\"></span>o ai <span class=\"_ _1\"></span>grupp<span class=\"_ _1\"></span>i di <span class=\"_ _1\"></span>unit\u00e0 <span class=\"_ _1\"></span>generatric<span class=\"_ _1\"></span>i di <span class=\"_ _6\"> </span>flussi <span class=\"_ _7\"> </span>che <span class=\"_ _6\"> </span>dovrebbero <span class=\"_ _6\"> </span>beneficiare <span class=\"_ _6\"> </span>dalle <span class=\"_ _6\"> </span>sinergie <span class=\"_ _6\"> </span>dell\u2019aggregazione,<span class=\"ff1f\"> <span class=\"_ _e\"></span>indipendente<span class=\"_ _1\"></span>mente <span class=\"_ _e\"></span>dal <span class=\"_ _3\"></span>fatto <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>tre </span>attivit\u00e0 <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>G<span class=\"_ _1\"></span>ruppo <span class=\"_ _2\"></span>siano assegnate <span class=\"_ _1\"></span>a tali uni<span class=\"_ _1\"></span>t\u00e0 o raggruppam<span class=\"_ _1\"></span>enti di unit<span class=\"_ _1\"></span>\u00e0. 7. P<span class=\"_ _1\"></span>arte<span class=\"_ _2\"></span>cipaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ni <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>cie<span class=\"_ _2\"></span>t\u00e0 co<span class=\"_ _2\"></span>llegate<span class=\"_ _2\"></span> e j<span class=\"_ _1\"></span>oi<span class=\"_ _1\"></span>nt ve<span class=\"_ _2\"></span>nture Una <span class=\"_ _e\"></span>collegata <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span><span class=\"ff22\">un\u2019impres<span class=\"_ _1\"></span>a<span class=\"ff1f\"> <span class=\"_ _e\"></span>nella <span class=\"_ _e\"></span>quale <span class=\"_ _e\"></span><span class=\"ls16\">il</span> <span class=\"_ _e\"></span>Gruppo, <span class=\"_ _e\"></span>pur <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>avendo <span class=\"_ _3\"></span><span class=\"ls2\">il</span> <span class=\"_ _e\"></span>controllo <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span><span class=\"ls2\">il</span> <span class=\"_ _e\"></span>controll<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>congiunto, <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>in </span></span>grado di <span class=\"_ _3\"></span>esercitare <span class=\"ff22\">un\u2019influenza notevole attraverso la <span class=\"_ _3\"></span>partecipazione alle decisioni sulle <span class=\"_ _3\"></span>politiche finanziarie </span>e operative della <span class=\"_ _1\"></span>partecipata. Una <span class=\"_ _11\"></span>joint <span class=\"_ _11\"></span>venture <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _11\"></span>rappresentata <span class=\"_ _11\"></span>dalle <span class=\"_ _11\"></span>partecipazioni <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>imprese <span class=\"_ _11\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _11\"></span>le <span class=\"_ _6\"></span>decisioni <span class=\"_ _e\"></span>finanziarie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gestionali strategiche <span class=\"_ _0\"></span><span class=\"ff22\">sull\u2019attivit\u00e0<span class=\"ff1f\"> <span class=\"_ _0\"></span>economica <span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ichiedono <span class=\"_ _0\"></span><span class=\"ls16\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>consens<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>unanime <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>tutte <span class=\"_ _2\"></span>le pa<span class=\"_ _1\"></span>rti <span class=\"_ _2\"></span>che <span class=\"_ _1\"></span>condividono <span class=\"_ _2\"></span>il <span class=\"_ _1\"></span>controllo,<span class=\"_ _1\"></span> </span></span></span></span>ai sensi dell\u2019IFR<span class=\"_ _1\"></span>S 11. I <span class=\"_ _11\"></span>risu<span class=\"_ _2\"></span>ltati<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>econ<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>mic<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _11\"></span><span class=\"ls16\">le</span> <span class=\"_ _11\"></span>atti<span class=\"_ _1\"></span>vit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>pass<span class=\"_ _2\"></span>ivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _11\"></span>del<span class=\"_ _2\"></span>le <span class=\"_ _11\"></span>impr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e <span class=\"_ _11\"></span>coll<span class=\"_ _2\"></span>egate<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>join<span class=\"_ _2\"></span>t <span class=\"_ _6\"></span>ven<span class=\"_ _1\"></span>tu<span class=\"_ _2\"></span>re <span class=\"_ _11\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>rile<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>nel <span class=\"_ _7\"></span>bilancio consolidato <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>metodo <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>patrimonio <span class=\"_ _6\"></span>netto. <span class=\"_ _7\"></span>Secondo <span class=\"_ _6\"></span>tale <span class=\"_ _7\"></span>metodo, <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>partecipaz<span class=\"_ _1\"></span>ioni<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>nelle <span class=\"_ _11\"></span>imprese collegate <span class=\"_ _ab\"> </span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _aa\"> </span>momento <span class=\"_ _aa\"> </span>dell\u2019acqui<span class=\"_ _1\"></span>sizione <span class=\"_ _aa\"> </span>sono <span class=\"_ _ab\"> </span>rilevate <span class=\"_ _aa\"> </span>nello <span class=\"_ _aa\"> </span>stato <span class=\"_ _c\"> </span>patrimoniale <span class=\"_ _ab\"> </span><span class=\"ls4\">al</span> <span class=\"_ _ab\"> </span>costo, <span class=\"_ _ab\"> </span>rettificato<span class=\"_ _1\"></span> successivamente <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span><span class=\"ls2\">la</span> <span class=\"_ _e\"></span>frazione <span class=\"_ _11\"></span>di <span class=\"_ _e\"></span>spettanza <span class=\"_ _11\"></span>delle <span class=\"_ _11\"></span>variazion<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>collegata <span class=\"_ _7\"></span>stessa. <span class=\"_ _a\"> </span>Le perdite <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>collegate ec<span class=\"_ _1\"></span>cedenti <span class=\"_ _2\"></span>la quota <span class=\"_ _2\"></span>di interessen<span class=\"_ _1\"></span>za <span class=\"_ _2\"></span>del Gruppo <span class=\"_ _2\"></span>nelle st<span class=\"_ _1\"></span>esse <span class=\"_ _1\"></span>non <span class=\"_ _2\"></span>sono rilevate,<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>eno <span class=\"_ _2\"></span>che il <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _16\"> </span>non <span class=\"_ _f\"> </span>abbia <span class=\"_ _16\"> </span>assunto <span class=\"_\"> </span>una <span class=\"_ _12\"> </span>obbligazione <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span><span class=\"ls2\">la</span> <span class=\"_\"> </span>coper<span class=\"_ _1\"></span>tura <span class=\"_ _12\"> </span>delle <span class=\"_\"> </span>stesse<span class=\"_ _1\"></span>. <span class=\"_ _12\"> </span><span class=\"ff22\">L\u2019eccedenza</span> <span class=\"_\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>costo <span class=\"_\"> </span><span class=\"ls6\">di</span> acquisizione <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>percentua<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>spettante <span class=\"_ _2\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>del val<span class=\"_ _1\"></span>ore <span class=\"_ _2\"></span>corrente <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0, <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>passivi<span class=\"_ _1\"></span>t\u00e0 potenziali i<span class=\"_ _3\"></span>dentificabil<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>collegata <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>acquisizione<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>riconosci<span class=\"_ _1\"></span>uta <span class=\"_ _3\"></span>come <span class=\"_ _3\"></span>avviamento. <span class=\"_ _e\"></span>Il <span class=\"_ _e\"></span>valo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>di carico dell\u2019inve<span class=\"_ _1\"></span>stimento \u00e8 assogge<span class=\"_ _1\"></span>ttato annualmen<span class=\"_ _1\"></span>te a test di <span class=\"ff24\">imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"ff1f\">.<span class=\"_ _1\"></span> </span></span>Il mi<span class=\"_ _3\"></span>nor valore <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>costo di <span class=\"_ _3\"></span>acquisizione rispetto <span class=\"_ _3\"></span>alla percentuale <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>spettanza del Gruppo <span class=\"_ _3\"></span>del<span class=\"_ _e\"></span> <span class=\"ff24\">fair valu<span class=\"_ _1\"></span>e <span class=\"ff1f\">delle </span></span>attivit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _a\"></span>p<span class=\"_ _1\"></span>assivit\u00e0 <span class=\"_ _6\"></span>identificabili <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>ella <span class=\"_ _7\"></span>collegata <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>data <span class=\"_ _a\"></span><span class=\"ls6\">di</span> <span class=\"_ _7\"></span>acquisizione <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _a\"> </span>accreditato <span class=\"_ _a\"> </span>a <span class=\"_ _a\"> </span>conto <span class=\"_ _a\"> </span>economic<span class=\"_ _1\"></span>o nell\u2019esercizio.<span class=\"ff1f\"> </span>Nel <span class=\"_ _2\"></span>caso <span class=\"_ _1\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>cui <span class=\"_ _2\"></span>una <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _2\"></span>collegata <span class=\"_ _2\"></span>o <span class=\"ff24\">jo<span class=\"_ _1\"></span>int <span class=\"_ _2\"></span>venture <span class=\"_ _2\"></span><span class=\"ff1f\">rilevi r<span class=\"_ _1\"></span>ettifiche <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>diretta <span class=\"_ _2\"></span>imputazione <span class=\"_ _2\"></span>al pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _2\"></span>netto </span></span></span></span>e/o <span class=\"_ _2\"></span>nel <span class=\"_ _1\"></span>prospetto <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>complessivo, <span class=\"_ _2\"></span>il G<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>uppo <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>scrive <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>sua <span class=\"_ _2\"></span>volta <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>relativa <span class=\"_ _1\"></span>quota <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>pertinenza nel <span class=\"_ _e\"></span>patrimonio <span class=\"_ _3\"></span>netto <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>ne <span class=\"_ _e\"></span>d\u00e0 <span class=\"_ _3\"></span>rappresentazione, <span class=\"_ _e\"></span>ove <span class=\"_ _3\"></span>applicabile, <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>pros<span class=\"_ _1\"></span>petto <span class=\"_ _e\"></span>delle <span class=\"_ _3\"></span>variazioni <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>patrimonio netto e/o nel prosp<span class=\"_ _1\"></span>etto delle<span class=\"_ _1\"></span> altre componen<span class=\"_ _1\"></span>ti di conto <span class=\"_ _1\"></span>economico co<span class=\"_ _1\"></span>mplessivo. Un\u2019eventuale<span class=\"ff1f\"> <span class=\"_ _12\"> </span><span class=\"ls6\">pe</span>rdita <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>riduz<span class=\"_ _1\"></span>ione <span class=\"_ _12\"> </span><span class=\"ls6\">di</span> <span class=\"_ _12\"> </span>valore <span class=\"_ _12\"> </span>della <span class=\"_ _12\"> </span>partecipaz<span class=\"_ _1\"></span>ione <span class=\"_ _12\"> </span>rilevata <span class=\"_ _a\"> </span><span class=\"ls4\">ai</span> <span class=\"_\"> </span>s<span class=\"_ _2\"></span>ens<span class=\"_ _3\"></span>i <span class=\"_ _12\"> </span>dello <span class=\"_ _12\"> </span>IAS <span class=\"_ _a\"> </span>36 <span class=\"_ _15\"> </span>non <span class=\"_ _15\"> </span>\u00e8 </span>riconducibile <span class=\"_ _ab\"> </span><span class=\"ff22\">all\u2019avviamento</span> <span class=\"_ _ab\"> </span>n\u00e9 <span class=\"_ _ab\"> </span>alla <span class=\"_ _ab\"> </span>val<span class=\"_ _3\"></span>utazione <span class=\"_ _17\"> </span>a <span class=\"_ _aa\"> </span><span class=\"ff24\">fair <span class=\"_ _ab\"> </span>value <span class=\"_ _aa\"> </span></span>di <span class=\"_ _ab\"> </span>attivit\u00e0 <span class=\"_ _ab\"> </span>iscritte <span class=\"_ _16\"> </span>nel <span class=\"_ _16\"> </span>bilancio <span class=\"_ _f\"> </span>della partecipazione collegata, <span class=\"_ _3\"></span>bens\u00ec <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>valore della <span class=\"_ _3\"></span>partecipazione <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>suo <span class=\"_ _3\"></span>complesso. <span class=\"_ _3\"></span>Pertanto <span class=\"_ _e\"></span>qual<span class=\"_ _1\"></span>siasi <span class=\"_ _3\"></span>ripristino di <span class=\"_ _a\"> </span>valore <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>ri<span class=\"_ _1\"></span>levato <span class=\"_ _a\"></span>integ<span class=\"_ _1\"></span>ralmente <span class=\"_ _a\"></span>nel<span class=\"_ _1\"></span>la <span class=\"_ _a\"> </span>misura <span class=\"_ _7\"></span>in <span class=\"_ _a\"> </span>cui <span class=\"_ _a\"> </span>il <span class=\"_ _a\"> </span>valore <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>ecuperabile <span class=\"_ _a\"></span>dell<span class=\"_ _1\"></span>a <span class=\"_ _a\"> </span>partecipazion<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>aumenti successiv<span class=\"ff22\">amente <span class=\"_ _1\"></span>in base al risul<span class=\"_ _1\"></span>tato dell\u2019<span class=\"ff24\">impairmen<span class=\"_ _1\"></span>t test<span class=\"ff1f\">. </span></span></span>Con riferimento a<span class=\"_ _1\"></span>lle operaz<span class=\"_ _1\"></span>ioni intercorse fr<span class=\"_ _1\"></span>a <span class=\"ff22\">un\u2019impresa</span> de<span class=\"_ _1\"></span>l Gruppo e una <span class=\"_ _1\"></span>collega<span class=\"_ _1\"></span>ta, gli utili <span class=\"_ _e\"></span>e <span class=\"ls2\">le</span> perdite non realizzati <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>eliminati <span class=\"_ _a\"></span>in<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>misura <span class=\"_ _a\"> </span>pari <span class=\"_ _6\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>percentuale <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>par<span class=\"_ _1\"></span>tecipazione <span class=\"_ _7\"></span>del <span class=\"_\"> </span>G<span class=\"_ _1\"></span>ruppo <span class=\"_\"> </span>nella <span class=\"_ _12\"> </span>collegata, <span class=\"_\"> </span>ad eccezione <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>caso <span class=\"_ _a\"> </span>in <span class=\"_ _12\"> </span>cui <span class=\"_ _12\"> </span>le <span class=\"_ _12\"> </span>perdite <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>realizzate <span class=\"_ _a\"> </span>costituiscano <span class=\"_ _12\"> </span>l\u2019evidenza <span class=\"_ _a\"> </span>di <span class=\"_\"> </span>una<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>riduzione <span class=\"_ _12\"> </span>nel <span class=\"_ _a\"> </span>valore dell\u2019attivit\u00e0 t<span class=\"_ _1\"></span>rasferita.<span class=\"ff1f fs0\"> </span>8. R<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>nos<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span> de<span class=\"_ _2\"></span>i cost<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>e r<span class=\"_ _2\"></span>icavi 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=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">I <span class=\"_ _2\"></span>ricavi <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>rilevati <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>conto<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>quando <span class=\"_ _0\"></span>sono <span class=\"_ _2\"></span>soddisfatti <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>criteri <span class=\"_ _2\"></span>previsti <span class=\"_ _2\"></span><span class=\"ff22\">da<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>\u2019I<span class=\"_ _1\"></span>FR<span class=\"_ _2\"></span>S15.<span class=\"ff1f\"> </span></span></span><span class=\"ff1f fs7 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 che <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>affluiranno i <span class=\"_ _3\"></span>benefici <span class=\"_ _3\"></span>economici e <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>loro </span>ammontare pu\u00f2 <span class=\"_ _3\"></span>essere determinato <span class=\"_ _3\"></span>in m<span class=\"_ _3\"></span>odo <span class=\"_ _3\"></span>attendibile. I <span class=\"_ _3\"></span>ricavi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rappresentati al <span class=\"_ _3\"></span>netto di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>eventuali poste rettificative.<span class=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">I <span class=\"_ _e\"></span>ricavi<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>vendita <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>spazi <span class=\"_ _11\"></span>pubblicitari <span class=\"_ _e\"></span>sui <span class=\"_ _e\"></span>mezzi <span class=\"_ _e\"></span>tradizional<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>considerano <span class=\"_ _e\"></span>realizzati <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>momento <span class=\"_ _e\"></span>della </span>prestazione <span class=\"_ _3\"></span>che <span class=\"_ _e\"></span>coincide <span class=\"_ _3\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>diffus<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>messaggio <span class=\"_ _e\"></span>pubblicitario <span class=\"_ _3\"></span>(TV) <span class=\"_ _e\"></span>o <span class=\"_ _3\"></span>la <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>pubblicazione <span class=\"_ _3\"></span>della testata (stampa). <span class=\"ff1f fs7 fc0\">I ricavi pubblicitari realizza<span class=\"_ _1\"></span>ti nel comparto digi<span class=\"_ _1\"></span>tale sono rilevati <span class=\"ls4\">al</span> mo<span class=\"_ _1\"></span>mento della dif<span class=\"_ _1\"></span>fusione <span class=\"_ _3\"></span>o <span class=\"_ _e\"></span>pubblicazione </span>del messaggio. I <span class=\"_ _15\"> </span>ricavi <span class=\"_ _5\"> </span>relativi <span class=\"_ _15\"> </span>alle <span class=\"_ _5\"> </span>testate <span class=\"_ _15\"> </span>ed<span class=\"_ _1\"></span>itoriali <span class=\"_ _5\"> </span>(quotidiani <span class=\"_ _5\"> </span>e <span class=\"_ _15\"> </span>periodici) <span class=\"_ _5\"> </span>sono <span class=\"_ _15\"> </span>norm<span class=\"_ _1\"></span>almente <span class=\"_ _5\"> </span>rilevati <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>data <span class=\"_ _7\"></span>di pubblicazione, a<span class=\"_ _1\"></span>l netto dei resi <span class=\"_ _1\"></span>ragionevolmen<span class=\"_ _1\"></span>te stimati e al <span class=\"_ _1\"></span>lordo del<span class=\"_ _1\"></span>l\u2019aggio di <span class=\"ff1f\">dis<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ibu<span class=\"_ _2\"></span>zione<span class=\"_ _1\"></span>. </span><span class=\"ff1f fs7 fc0\">I <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _3\"></span>relativi <span class=\"_ _e\"></span>alla <span class=\"_ _3\"></span>vendita <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>abbonam<span class=\"_ _1\"></span>enti <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>rilev<span class=\"_ _1\"></span>ati <span class=\"_ _3\"></span>sulla <span class=\"_ _e\"></span>base <span class=\"_ _3\"></span>delle <span class=\"_ _e\"></span>pubbli<span class=\"_ _1\"></span>cazioni <span class=\"_ _3\"></span>relative <span class=\"_ _3\"></span>al <span class=\"_ _11\"></span>periodo <span class=\"_ _e\"></span>di </span>competenza ed e<span class=\"_ _1\"></span>ffettivame<span class=\"_ _1\"></span>nte spedite. I <span class=\"_ _11\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>servizi <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>riconosciuti <span class=\"_ _11\"></span>alla <span class=\"_ _11\"></span>data <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>loro <span class=\"_ _11\"></span>maturazione, <span class=\"_ _11\"></span>come <span class=\"_ _11\"></span>definita <span class=\"_ _11\"></span>nei <span class=\"_ _11\"></span>rispettivi <span class=\"_ _a\"> </span>contratti, <span class=\"_ _a\"> </span>in particolare <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>ricavi <span class=\"_ _3\"></span>relativi <span class=\"_ _e\"></span>all\u2019attivit\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>distrib<span class=\"_ _1\"></span>uzione <span class=\"_ _e\"></span>(aggio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>distribuz<span class=\"_ _1\"></span>ione) <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>rico<span class=\"_ _e\"></span><span class=\"ff1f\">nosciuti <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>momento </span>della spedizione a<span class=\"_ _1\"></span>lla rete distr<span class=\"_ _1\"></span>ibutiva. I <span class=\"_ _7\"></span>ri<span class=\"_ _3\"></span>cavi <span class=\"_ _a\"> </span>per <span class=\"_ _7\"></span><span class=\"ls2\">le</span> <span class=\"_ _a\"> </span>sponsorizza<span class=\"_ _1\"></span>zioni <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>even<span class=\"_ _1\"></span>ti <span class=\"_ _a\"> </span>sportiv<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>e <span class=\"_ _7\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>l\u2019organ<span class=\"_ _1\"></span>izzazione <span class=\"_ _a\"></span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span>eventi <span class=\"_ _7\"></span>sono <span class=\"_ _a\"> </span>rilevati <span class=\"_ _12\"> </span>alla <span class=\"_\"> </span>data<span class=\"_ _1\"></span> dell\u2019evento, tenu<span class=\"_ _1\"></span>to conto de<span class=\"_ _1\"></span>lla limitata es<span class=\"_ _1\"></span>tensione temporal<span class=\"_ _1\"></span>e attribuibil<span class=\"_ _1\"></span>e a tali <span class=\"ff1f\">even<span class=\"_ _2\"></span>ti.<span class=\"_ _2\"></span> </span><span class=\"ff1f fs7 fc0\">Le royalties sono ricon<span class=\"_ _1\"></span>osciute alla da<span class=\"_ _1\"></span>ta di loro ma<span class=\"_ _1\"></span>turazione, co<span class=\"_ _1\"></span>me definita nei <span class=\"_ _1\"></span>rispettiv<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>rat<span class=\"_ _2\"></span>ti. </span><span class=\"ff1f fs7 fc0\">I <span class=\"_ _11\"></span>cos<span class=\"_ _3\"></span>ti <span class=\"_ _11\"></span>sostenuti <span class=\"_ _11\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _11\"></span>pre-pubblicazione <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _11\"></span>lancio <span class=\"_ _11\"></span>delle <span class=\"_ _6\"></span>nuove <span class=\"_ _11\"></span>testate <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>addebitati <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _11\"></span>economico </span>quando sostenuti. <span class=\"ff22 fs7 fc0\">I <span class=\"_ _e\"></span>costi <span class=\"_ _11\"></span>e <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>altri <span class=\"_ _e\"></span>oneri <span class=\"_ _e\"></span>operativi <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>rilevati <span class=\"_ _e\"></span>come <span class=\"_ _e\"></span>componenti <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>risultato <span class=\"_ _e\"></span>d\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _3\"></span><span class=\"ff1f\">o <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>momento <span class=\"_ _e\"></span>in <span class=\"_ _e\"></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 competenza <span class=\"_ _3\"></span>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 quando <span class=\"_ _3\"></span>non hanno requisiti pe<span class=\"_ _1\"></span>r il differi<span class=\"_ _1\"></span>mento come atti<span class=\"_ _1\"></span>vit\u00e0 nello st<span class=\"_ _1\"></span>ato patrimon<span class=\"_ _1\"></span>iale. <span class=\"ff1f fs7 fc0\">Gli interessi attivi e pas<span class=\"_ _1\"></span>sivi sono rileva<span class=\"_ _1\"></span>ti in applica<span class=\"_ _1\"></span>zione del <span class=\"_ _1\"></span>principio de<span class=\"_ _1\"></span>lla competenza <span class=\"_ _1\"></span>temporale. </span><span class=\"ff1f fs7 fc0\">I dividendi sono rilevati quando s<span class=\"_ _1\"></span>i stabilisce il diritto d<span class=\"_ _1\"></span>egli azionisti a ricever<span class=\"_ _1\"></span>ne il paga<span class=\"_ _1\"></span>mento ovvero alla da<span class=\"_ _1\"></span>ta </span>della delibera as<span class=\"_ _1\"></span>sembleare. I riaddebiti di costi sost<span class=\"_ _1\"></span>enuti per con<span class=\"_ _1\"></span>to di terzi sono r<span class=\"_ _1\"></span>ilevati a r<span class=\"_ _1\"></span>iduzione del co<span class=\"_ _1\"></span>sto a cui si co<span class=\"_ _1\"></span>rrelano. 9. I<span class=\"_ _2\"></span>mpost<span class=\"_ _1\"></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>rapprese<span class=\"_ _1\"></span>ntano <span class=\"_ _0\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _0\"></span>somma <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>imposte <span class=\"_ _0\"></span>corr<span class=\"_ _1\"></span>enti, <span class=\"_ _0\"></span>differite <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>anticipate. <span class=\"_ _0\"></span>Le <span class=\"_ _2\"></span>imposte <span class=\"_ _2\"></span>corrent<span class=\"ls16\">i </span></span></span></span>sono <span class=\"_ _1\"></span>basa<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>sultato <span class=\"_ _2\"></span>imponibile <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>periodo. <span class=\"_ _2\"></span>Il <span class=\"_ _1\"></span>reddito<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>imponibile <span class=\"_ _2\"></span>differisce <span class=\"_ _2\"></span>dal <span class=\"_ _1\"></span>risultato <span class=\"_ _2\"></span>riportato <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>conto economico poich\u00e9 esclude componen<span class=\"_ _1\"></span>ti positive e negative che saranno tassabili o deducibi<span class=\"_ _1\"></span>li in altri esercizi e esclude componen<span class=\"_ _1\"></span>ti che no<span class=\"_ _1\"></span>n saranno mai tassabi<span class=\"_ _1\"></span>li o deducibil<span class=\"_ _1\"></span>i. Le passivit\u00e0 pe<span class=\"_ _1\"></span>r imposte corren<span class=\"_ _1\"></span>ti sono calco<span class=\"_ _1\"></span>late utilizz<span class=\"_ _1\"></span>ando le aliquot<span class=\"_ _1\"></span>e vigenti alla<span class=\"_ _1\"></span> data di bila<span class=\"_ _1\"></span>nc<span class=\"_ _2\"></span>io. A <span class=\"_ _15\"> </span>partire <span class=\"_ _15\"> </span>dal <span class=\"_ _15\"> </span>peri<span class=\"_ _1\"></span>odo <span class=\"_ _15\"> </span>d\u2019impost<span class=\"_ _1\"></span>a <span class=\"_ _15\"> </span>2021 <span class=\"_ _15\"> </span>Cairo <span class=\"_ _5\"> </span>Communication <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>RCS <span class=\"_ _5\"> </span>MediaGroup <span class=\"_ _15\"> </span>hanno <span class=\"_ _15\"> </span>eser<span class=\"_ _1\"></span>citato congiuntamente <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>\u2019opzione <span class=\"_ _3\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>regime <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>consolidat<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>fiscale <span class=\"_ _e\"></span>nazionale <span class=\"_ _e\"></span>avente <span class=\"_ _11\"></span><span class=\"ff1f\">Cairo <span class=\"_ _e\"></span>Commun<span class=\"_ _1\"></span>ication <span class=\"_ _3\"></span>quale </span>societ\u00e0 <span class=\"_ _2\"></span>consolidante. A<span class=\"_ _1\"></span>nche <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _2\"></span>controllate <span class=\"_ _2\"></span>da RC<span class=\"_ _2\"></span>S MediaGroup, <span class=\"_ _1\"></span>laddove <span class=\"_ _1\"></span><span class=\"ls6\">ne<span class=\"ls0\"> sussistevan<span class=\"_ _1\"></span>o i<span class=\"_ _1\"></span> presupp<span class=\"_ _1\"></span>osti, </span></span></span></span>hanno aderito a <span class=\"_ _1\"></span>tale consolidato <span class=\"_ _1\"></span>fiscale, Le societ\u00e0 cont<span class=\"_ _1\"></span>rollate adere<span class=\"_ _1\"></span>nti sono<span class=\"_ _1\"></span> p<span class=\"_ _2\"></span>ertan<span class=\"_ _2\"></span>to: <span class=\"ff1f fs7 fc0\">Cairo Editore, Cairo Publ<span class=\"_ _1\"></span>ishing, La7, CA<span class=\"_ _1\"></span>IROR<span class=\"_ _1\"></span>CS Media e Cairo Ne<span class=\"_ _1\"></span>twork, </span><span class=\"ff1f fs7 fc0\">RCS <span class=\"_ _2\"></span>Mediagroup <span class=\"_ _2\"></span>S<span class=\"_ _1\"></span>.p.A. <span class=\"_ _2\"></span>Tr<span class=\"_ _1\"></span>ovolavoro, <span class=\"_ _2\"></span>R<span class=\"_ _1\"></span>CS <span class=\"_ _2\"></span>Sport,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>RCS <span class=\"_ _2\"></span>Produ<span class=\"_ _1\"></span>zioni <span class=\"_ _2\"></span>Padov<span class=\"_ _1\"></span>a, <span class=\"_ _2\"></span>Sfera <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>er<span class=\"_ _3\"></span>vice, <span class=\"_ _2\"></span>Blei <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>liquidazione, </span>RCS <span class=\"_ _6\"></span>Produzioni, <span class=\"_ _7\"></span>Digital <span class=\"_ _7\"></span>Factory, <span class=\"_ _7\"></span>RCS <span class=\"_ _6\"></span>Produzioni <span class=\"_ _6\"></span>Milano<span class=\"_ _3\"></span>, <span class=\"_ _7\"></span>M-dis <span class=\"_ _7\"></span>Distribuzione <span class=\"_ _6\"></span>Media, <span class=\"_ _7\"></span>To-dis <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>infine <span class=\"_ _7\"></span>le societ\u00e0 RCS Spor<span class=\"_ _1\"></span>ts &amp; Even<span class=\"_ _1\"></span>ts e Mybeautybox Cairo Communication fun<span class=\"_ _1\"></span>ge da societ\u00e0 consolidante e determ<span class=\"_ _1\"></span>ina una unica base imponibile <span class=\"_ _3\"></span>per <span class=\"_ _12\"> </span><span class=\"ls16\">il</span> <span class=\"_ _12\"> </span>gruppo <span class=\"_ _12\"> </span><span class=\"ls6\">di<span class=\"_ _3\"></span></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=\"_ _1\"></span>eneficia <span class=\"_\"> </span><span class=\"ls2\">in</span> <span class=\"_\"> </span>ta<span class=\"_ _1\"></span>l <span class=\"_\"> </span>modo <span class=\"_\"> </span>della <span class=\"_ _e\"></span>possibilit\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>compensare <span class=\"_ _e\"></span>redditi imponibili <span class=\"_ _7\"></span>con <span class=\"_ _12\"> </span>p<span class=\"_ _1\"></span>erdite <span class=\"_ _7\"></span>f<span class=\"_ _3\"></span>iscali <span class=\"_ _a\"></span>in <span class=\"_ _7\"></span>una <span class=\"_ _a\"> </span>unica <span class=\"_ _a\"> </span>dichiarazione. <span class=\"_ _a\"> </span>Le <span class=\"_ _a\"> </span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"> </span>fiscali <span class=\"_ _a\"></span>diffe<span class=\"_ _1\"></span>rite <span class=\"_ _a\"> </span>sono <span class=\"_ _a\"></span>gen<span class=\"_ _1\"></span>eralmente rilevate per tutte le di<span class=\"_ _1\"></span>fferenze tempo<span class=\"_ _1\"></span>ranee imponib<span class=\"_ _1\"></span>ili, mentre le att<span class=\"_ _1\"></span>ivit\u00e0 fiscali ri<span class=\"_ _1\"></span>ferite a imposte ant<span class=\"_ _1\"></span>icipate o a futuri <span class=\"_ _a\"> </span>benefici <span class=\"_ _a\"> </span>fiscali <span class=\"_ _1ca\"> </span>sono <span class=\"_ _11\"></span><span class=\"ls5\">ri</span>levate <span class=\"_ _6\"></span>nella <span class=\"_ _e\"></span>mi<span class=\"_ _3\"></span>sura <span class=\"_ _11\"></span><span class=\"ls2\">in</span> <span class=\"_ _11\"></span>cui <span class=\"_ _6\"></span><span class=\"ls33\">si</span> <span class=\"_ _11\"></span>ritenga <span class=\"_ _6\"></span>probabile <span class=\"_ _e\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>vi <span class=\"_ _6\"></span>saranno <span class=\"_ _11\"></span>risultati <span class=\"_ _11\"></span>fiscali imponibili <span class=\"_ _1\"></span>in <span class=\"_ _7\"></span>f<span class=\"_ _3\"></span>uturo <span class=\"_ _7\"></span>che <span class=\"_ _a\"> </span>consentano <span class=\"_ _7\"></span><span class=\"ff22\">l\u2019utilizzo</span> <span class=\"_ _a\"> </span>delle <span class=\"_ _7\"></span>differenze <span class=\"_ _a\"></span>temp<span class=\"_ _1\"></span>oranee <span class=\"_ _7\"></span>deducibili. <span class=\"_ _a\"> </span><span class=\"ls8\">Le</span> <span class=\"_ _7\"></span>imposte differite sono calcolate in <span class=\"_ _3\"></span>base all\u2019aliquota fiscale che si <span class=\"_ _3\"></span>preved<span class=\"_ _1\"></span>e sar\u00e0 <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>vigore al m<span class=\"_ _3\"></span>omento del realizzo dell\u2019attivit\u00e0 o dell\u2019estinzione <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _e\"></span>in <span class=\"_ _3\"></span>considerazione <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>normativa <span class=\"_ _e\"></span>fiscale <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>vigore<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>alla <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _3\"></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>rilevant<span class=\"_ _1\"></span>i, <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>variazioni <span class=\"_\"> </span><span class=\"ls6\">di</span> <span class=\"_ _7\"></span>aliquote <span class=\"_ _6\"></span>fi<span class=\"_ _3\"></span>scali <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>norme <span class=\"_ _7\"></span>tributarie <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>descritti <span class=\"_ _6\"></span>nelle note <span class=\"_ _a\"> </span>esplicative. <span class=\"_ _a\"> </span><span class=\"ls8\">Le</span> <span class=\"_ _a\"> </span>attivit\u00e0 <span class=\"_ _a\"> </span>e <span class=\"_ _e\"></span>le <span class=\"_ _a\"> </span>passivit\u00e0 <span class=\"_ _a\"></span>fiscal<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>differite <span class=\"_ _7\"></span>sono <span class=\"_ _a\"> </span>esposte <span class=\"_ _a\"> </span>per <span class=\"_ _7\"></span><span class=\"ls16\">il<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>saldo <span class=\"_ _a\"> </span>netto <span class=\"_ _a\"></span>qu<span class=\"_ _1\"></span>ando <span class=\"_ _a\"> </span><span class=\"ls6\">vi</span> <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"> </span>un diritto <span class=\"_ _11\"></span>legale <span class=\"_ _11\"></span>a compensare le imposte cor<span class=\"_ _1\"></span>renti attive e passive e quando s<span class=\"_ _1\"></span>i riferiscono ad impos<span class=\"_ _1\"></span>te dovute alla medesima autor<span class=\"_ _1\"></span>it\u00e0 fiscale. Le i<span class=\"_ _1\"></span>mposte differi<span class=\"_ _1\"></span>te non sono attua<span class=\"_ _1\"></span>lizzate. Il <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>valuta <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>recuperabilit\u00e0 <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>fiscali <span class=\"_ _2\"></span>differite <span class=\"_ _2\"></span>sulla <span class=\"_ _2\"></span>base <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>pre<span class=\"_ _3\"></span>visioni <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>imponibili <span class=\"_ _2\"></span>futuri<span class=\"_ _1\"></span> attesi <span class=\"_ _6\"></span>tenendo <span class=\"_ _6\"></span>anche <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>considerazione <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>effetti <span class=\"_ _6\"></span>futuri <span class=\"_ _7\"></span>rivenienti <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>differenze <span class=\"_ _6\"></span>temporanee <span class=\"_ _6\"></span>su <span class=\"_ _7\"></span>cui <span class=\"_ _6\"></span>sono iscritte passivit\u00e0 f<span class=\"_ _1\"></span>iscali dif<span class=\"_ _1\"></span>ferite 10. U<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span> pe<span class=\"_ _1\"></span>r a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one L\u2019utile <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span>azione <span class=\"_ _a\"> </span>base <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"></span>determina<span class=\"_ _1\"></span>to <span class=\"_ _a\"> </span>come <span class=\"_ _a\"> </span>rapporto <span class=\"_ _7\"></span><span class=\"ls2\">tra</span> <span class=\"_ _a\"> </span><span class=\"ls2\">il</span> <span class=\"_ _a\"> </span>risultato <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>periodo <span class=\"_ _a\"></span>di <span class=\"_ _a\"> </span>pertinen<span class=\"_ _1\"></span>za <span class=\"_ _a\"> </span>del <span class=\"_ _6\"></span>Grupp<span class=\"_ _2\"></span>o attr<span class=\"_ _2\"></span>ibuib<span class=\"_ _2\"></span>ile <span class=\"_ _2\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>azio<span class=\"_ _1\"></span>ni <span class=\"_ _2\"></span>ord<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>arie <span class=\"_ _2\"></span>ed <span class=\"_ _1\"></span>il <span class=\"_ _2\"></span>nume<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>medio<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>pon<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>ato<span class=\"_ _2\"></span> <span class=\"ls6\">di</span> <span class=\"_ _2\"></span>azion<span class=\"_ _2\"></span>i o<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>inar<span class=\"_ _1\"></span>ie <span class=\"_ _1\"></span>in circolazi<span class=\"_ _1\"></span>one nell\u2019ese<span class=\"_ _1\"></span>rcizio. 11. Im<span class=\"_ _1\"></span>mobi<span class=\"_ _2\"></span>li, i<span class=\"_ _1\"></span>mpia<span class=\"_ _2\"></span>nti e<span class=\"_ _2\"></span> macc<span class=\"_ _2\"></span>hinar<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> Sono <span class=\"_ _11\"></span>iscritti <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>condizione <span class=\"_ _e\"></span>che <span class=\"_ _11\"></span>il <span class=\"_ _6\"></span>costo <span class=\"_ _11\"></span>sia <span class=\"_ _11\"></span>attendibilmente <span class=\"_ _11\"></span>determinabile <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>che <span class=\"_ _11\"></span>i <span class=\"_ _11\"></span>r<span class=\"_ _3\"></span>elativi <span class=\"_ _11\"></span>benefici <span class=\"_ _11\"></span>economici futuri possano esse<span class=\"_ _1\"></span>re realiz<span class=\"_ _1\"></span>zati dal Gruppo. Sono <span class=\"_ _2\"></span>iscritti <span class=\"_ _2\"></span>al <span class=\"_ _1\"></span>costo <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>acquisto <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>di produzio<span class=\"_ _1\"></span>ne, <span class=\"_ _2\"></span>comprensivo <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>oneri <span class=\"_ _2\"></span>accessori <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>dei <span class=\"_ _1\"></span>costi <span class=\"_ _2\"></span>diretti <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>indiretti di produzione per <span class=\"_ _1\"></span>la quota ragionevol<span class=\"_ _1\"></span>mente impu<span class=\"_ _1\"></span>tabile al be<span class=\"_ _1\"></span>ne. Le<span class=\"ls0\"> <span class=\"_ _2\"></span>immob<span class=\"_ _1\"></span>ilizzazioni <span class=\"_ _0\"></span>materiali <span class=\"_ _0\"></span>sono <span class=\"_ _2\"></span>sistema<span class=\"_ _1\"></span>ticamente <span class=\"_ _0\"></span>ammortizzate <span class=\"_ _0\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>ogni <span class=\"_ _0\"></span>esercizio <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>quo<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>costanti <span class=\"_ _1\"></span>sulla <span class=\"_ _2\"></span>base </span></span></span>di <span class=\"_ _2\"></span>aliquote <span class=\"_ _2\"></span>economico-tecniche <span class=\"_ _2\"></span>determina<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>relazione <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>residue <span class=\"_ _2\"></span>possibilit\u00e0 <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>utilizzo <span class=\"_ _2\"></span>dei <span class=\"_ _1\"></span>beni. <span class=\"_ _2\"></span>Le <span class=\"_ _2\"></span>aliquote di ammortamen<span class=\"_ _1\"></span>to utilizzate<span class=\"_ _1\"></span> sono le seguenti<span class=\"_ _1\"></span>: Im<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _1cb\"> </span>3<span class=\"_ _2\"></span>%<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>- 20<span class=\"_ _2\"></span>%Attr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>tu<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> vari<span class=\"_ _0\"></span>a<span class=\"_ _1cc\"> </span>1<span class=\"_ _2\"></span>2% - <span class=\"_ _3\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>%Im<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ari<span class=\"_ _1cd\"> </span>5<span class=\"_ _2\"></span>%<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>- 20<span class=\"_ _2\"></span>%Al<span class=\"_ _2\"></span>tr<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ni<span class=\"_ _1ce\"> </span>1<span class=\"_ _2\"></span>0% - <span class=\"_ _3\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>%I terreni non vengono <span class=\"_ _2\"></span>as<span class=\"_ _3\"></span>sogget<span class=\"_ _1\"></span>tati ad am<span class=\"_ _1\"></span>mor<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _2\"></span>to.<span class=\"_ _1\"></span> Nel <span class=\"_ _f\"> </span>primo <span class=\"_ _f\"> </span>anno <span class=\"_ _16\"> </span>le <span class=\"_ _4\"> </span>aliqu<span class=\"_ _1\"></span>ote <span class=\"_ _16\"> </span>applicate <span class=\"_ _f\"> </span>tengono <span class=\"_ _16\"> </span>conto <span class=\"_ _4\"> </span>dell\u2019e<span class=\"_ _1\"></span>ffettivo <span class=\"_ _16\"> </span>utilizzo <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>bene <span class=\"_ _16\"> </span>in <span class=\"_ _4\"> </span>corso <span class=\"_ _16\"> </span>d\u2019anno, l\u2019ammortamento <span class=\"_ _1\"></span>inizia quando le<span class=\"ff1f\"> </span>at<span class=\"_ _1\"></span>tivit\u00e0 sono p<span class=\"_ _1\"></span>ronte per l\u2019uso.<span class=\"_ _1\"></span><span class=\"ff1f\"> </span>La <span class=\"_\"> </span>vita <span class=\"_\"> </span>ut<span class=\"_ _1\"></span>ile <span class=\"_\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _12\"> </span><span class=\"ls16\">il<span class=\"_ _3\"></span></span> <span class=\"_\"> </span>criterio <span class=\"_\"> </span><span class=\"ls6\">di</span> <span class=\"_\"> </span>ammort<span class=\"_ _1\"></span>amento <span class=\"_\"> </span>sono<span class=\"_ _1\"></span> <span class=\"_\"> </span>rivisti <span class=\"_\"> </span>pe<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>iodicamente <span class=\"_ _12\"> </span><span class=\"ls4\">e,</span> <span class=\"_\"> </span>ove <span class=\"_\"> </span><span class=\"ls49\">si</span> <span class=\"_\"> </span>riscontrin<span class=\"_ _1\"></span>o <span class=\"_\"> </span>rilevanti cambiamenti rispe<span class=\"_ _1\"></span>tto alle assunzion<span class=\"_ _1\"></span>i adottate in preced<span class=\"_ _1\"></span>enza, la quota di ammo<span class=\"_ _1\"></span>rtamento viene <span class=\"_ _1\"></span>rettificata con il<span class=\"_ _2\"></span> metodo <span class=\"ff22\">\u201cprospe<span class=\"_ _1\"></span>ttico\u201d.<span class=\"ff1f\"> </span></span>Le <span class=\"_ _a\"> </span>spese <span class=\"_ _12\"> </span>incremen<span class=\"_ _1\"></span>tative <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>di <span class=\"_ _a\"> </span>manutenzione <span class=\"_ _a\"> </span>che <span class=\"_ _12\"> </span>pro<span class=\"_ _1\"></span>ducono <span class=\"_ _12\"> </span>u<span class=\"_ _1\"></span>n <span class=\"_ _a\"> </span>significativo <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>tangibile <span class=\"_ _a\"> </span>incremento <span class=\"_ _a\"> </span>della capacit\u00e0 <span class=\"_ _2\"></span>produttiv<span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>sicurezza <span class=\"_ _0\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>cespiti <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>mportano <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>allung<span class=\"_ _1\"></span>amento <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>vita <span class=\"_ _3\"></span>utile <span class=\"_ _e\"></span>degli <span class=\"_ _3\"></span>stessi, vengono <span class=\"_ _7\"></span>capitalizza<span class=\"_ _1\"></span>te <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>portate <span class=\"_ _6\"></span><span class=\"ls4\">ad</span> <span class=\"_ _7\"></span>incremento del cespite su cui<span class=\"_ _1\"></span> vengono realizzate. I costi di manut<span class=\"_ _1\"></span>enzione aventi natura o<span class=\"_ _1\"></span>rdinaria sono im<span class=\"_ _1\"></span>putati direttam<span class=\"_ _1\"></span>ente a conto econo<span class=\"_ _1\"></span>mico. Le <span class=\"_ _e\"></span>migliorie <span class=\"_ _3\"></span>su <span class=\"_ _e\"></span>beni <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>erzi <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>classificate <span class=\"_ _e\"></span>tra <span class=\"_ _3\"></span>le <span class=\"_ _e\"></span>immobilizzazioni <span class=\"_ _3\"></span>materiali, <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>alla <span class=\"_ _3\"></span>natura <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>costo sostenuto. <span class=\"_ _e\"></span>Il <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>ammorta<span class=\"_ _1\"></span>mento <span class=\"_ _e\"></span>corrisponde <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>inore <span class=\"_ _e\"></span>tra <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>esidua <span class=\"_ _e\"></span>dell\u2019immobi<span class=\"_ _1\"></span>lizzazione<span class=\"_ _1\"></span> materiale e la dur<span class=\"_ _1\"></span>ata del co<span class=\"_ _1\"></span>ntratto del bene d<span class=\"_ _1\"></span>i terzi. Un <span class=\"_ _e\"></span>bene <span class=\"_ _11\"></span>materiale <span class=\"_ _e\"></span>viene <span class=\"_ _e\"></span>eliminato <span class=\"_ _e\"></span>dal <span class=\"_ _e\"></span>bilancio <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>momento <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>endita <span class=\"_ _11\"></span>o <span class=\"_ _e\"></span>svalutato <span class=\"_ _e\"></span>integralmente <span class=\"_ _12\"> </span>quando non <span class=\"_ _12\"> </span>sussista <span class=\"_ _12\"> </span>alcun<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>beneficio <span class=\"_ _12\"> </span>econom<span class=\"_ _1\"></span>ico <span class=\"_ _12\"> </span>futuro <span class=\"_ _12\"> </span>attes<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>dal <span class=\"_ _12\"> </span>suo <span class=\"_ _12\"> </span>uso <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>dismissio<span class=\"_ _1\"></span>ne. <span class=\"_ _e\"></span>Eventuali <span class=\"_ _e\"></span>perdite<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>utili (calcolati <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>differenz<span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>proventi <span class=\"_ _2\"></span>netti <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>vendita <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>contab<span class=\"_ _1\"></span>ile) <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>inclusi <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span>economico nell\u2019anno della sud<span class=\"_ _1\"></span>detta <span class=\"ff1f\">el<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e.<span class=\"_ _2\"></span> </span>12. D<span class=\"_ _2\"></span>irit<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>d\u2019uso<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>beni <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>leas<span class=\"_ _1\"></span>ing<span class=\"_ _2\"></span> e pa<span class=\"_ _2\"></span>ssivit<span class=\"_ _2\"></span>\u00e0 per<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>ntr<span class=\"_ _2\"></span>atti d<span class=\"_ _2\"></span>i l<span class=\"_ _1\"></span>oc<span class=\"_ _2\"></span>azione<span class=\"_ _1\"></span> Il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>detiene <span class=\"_ _6\"></span>immobili, <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>macchinari <span class=\"_ _6\"></span>(prevalentemente <span class=\"_ _6\"></span>immob<span class=\"_ _1\"></span>ili <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>auto <span class=\"_ _7\"></span>aziendali <span class=\"_ _6\"></span><span class=\"ls4\">ad</span> <span class=\"_ _6\"></span>uso <span class=\"_ _6\"></span>dei dipendenti) <span class=\"_ _2\"></span>utilizza<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>nello <span class=\"_ _2\"></span>svolgimento <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>propria <span class=\"_ _2\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _2\"></span>aziendale, <span class=\"_ _2\"></span>attraverso <span class=\"_ _2\"></span>contratti <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>leasing. <span class=\"_ _2\"></span>Alla <span class=\"_ _2\"></span>data di in<span class=\"_ _1\"></span>izio <span class=\"_ _1\"></span>del l<span class=\"_ _1\"></span>easing <span class=\"_ _1\"></span>si <span class=\"_ _2\"></span>det<span class=\"_ _3\"></span>ermina <span class=\"_ _2\"></span>se il <span class=\"_ _1\"></span>contratto <span class=\"_ _1\"></span>\u00e8, <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>contiene, <span class=\"_ _2\"></span>un leasing. Tale <span class=\"_ _2\"></span>definizione \u00e8 <span class=\"_ _2\"></span>soddisfatta qu<span class=\"_ _1\"></span>ando il <span class=\"_ _11\"></span>contratto <span class=\"_ _e\"></span>trasferisce <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>diri<span class=\"_ _1\"></span>tto <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>controllare <span class=\"_ _e\"></span>l\u2019utilizzo <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>un\u2019attivit\u00e0 <span class=\"_ _e\"></span>sottostante <span class=\"_ _e\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>un <span class=\"_ _6\"></span>periodo <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>tempo <span class=\"_ _e\"></span>in cambio di un c<span class=\"_ _1\"></span>orr<span class=\"_ _2\"></span>ispet<span class=\"_ _2\"></span>tivo.<span class=\"_ _2\"></span> Alla <span class=\"_ _2\"></span>data <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>decorrenza <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>contratto <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>leasing <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>rileva <span class=\"_ _2\"></span>un\u2019attivit\u00e0 <span class=\"_ _2\"></span>consistente <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>diritto <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>utilizzo <span class=\"_ _2\"></span>dell\u2019attivit\u00e0 sottostante (Dir<span class=\"_ _1\"></span>itto d\u2019uso) e una pa<span class=\"_ _1\"></span>ssivit\u00e0 del <span class=\"_ _1\"></span>leasing.<span class=\"ff1f\"> </span>Il <span class=\"_ _e\"></span>diritto <span class=\"_ _11\"></span>d\u2019uso <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _11\"></span>valutato <span class=\"_ _e\"></span>inizialmente <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>costo, <span class=\"_ _11\"></span>che <span class=\"_ _e\"></span>comprende <span class=\"_ _e\"></span>l\u2019importo <span class=\"_ _e\"></span>iniziale <span class=\"_ _e\"></span>della <span class=\"_ _11\"></span>passivit\u00e0<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _3\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>leasing </span>rettificato per <span class=\"_ _1\"></span>i pagamenti g<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>\u00e0 corrisposti al<span class=\"_ _1\"></span>la data di <span class=\"_ _1\"></span>decorrenz<span class=\"_ _1\"></span>a <span class=\"ls4\">al</span> n<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>o degli in<span class=\"_ _1\"></span>centivi <span class=\"_ _1\"></span><span class=\"ls6\">di<span class=\"ls0\"> leas<span class=\"_ _1\"></span>ing r<span class=\"_ _1\"></span>icevuti, <span class=\"_ _1\"></span>pi\u00f9 </span></span>gli <span class=\"_ _2\"></span>eventuali <span class=\"_ _2\"></span>costi <span class=\"_ _2\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _2\"></span><span class=\"ls2\">lo<span class=\"ls0\"> <span class=\"_ _2\"></span>sm<span class=\"_ _1\"></span>antellamento, <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ff22\">rimozione, il <span class=\"_ _1\"></span>riprist<span class=\"_ _1\"></span>ino dell\u2019a<span class=\"_ _1\"></span>ttivit\u00e0 sot<span class=\"_ _1\"></span>tostante. I<span class=\"_ _1\"></span> Di<span class=\"_ _1\"></span>ritti d\u2019uso <span class=\"_ _1\"></span>sono </span></span></span></span></span>successivamente <span class=\"_ _e\"></span>ammortiz<span class=\"_ _1\"></span>zati <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>quote <span class=\"_ _e\"></span>costanti <span class=\"_ _11\"></span>sul <span class=\"_ _11\"></span>periodo <span class=\"_ _e\"></span>pi\u00f9 <span class=\"_ _11\"></span>breve <span class=\"_ _e\"></span>fra <span class=\"_ _e\"></span>la <span class=\"_ _11\"></span>durata <span class=\"_ _e\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>leasing <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>vita <span class=\"_ _11\"></span>utile stimata delle at<span class=\"_ _1\"></span>tivit\u00e0 consist<span class=\"_ _1\"></span>enti nel diritto di <span class=\"_ _1\"></span>utilizzo. La <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>leasing <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _12\"> </span>inizialmente <span class=\"_ _12\"> </span>valutata <span class=\"_ _12\"> </span><span class=\"ls4\">al</span> <span class=\"_ _12\"> </span>valore <span class=\"_ _12\"> </span>attuale <span class=\"_ _12\"> </span>dei <span class=\"_ _12\"> </span>pagamenti <span class=\"_ _12\"> </span>dovuti <span class=\"_ _12\"> </span>per <span class=\"_ _6\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>leasing <span class=\"_ _6\"></span>da corrispondere <span class=\"_ _5\"> </span>lungo <span class=\"_ _5\"> </span>la <span class=\"_ _15\"> </span>durata <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>leasing. <span class=\"_ _15\"> </span>Tal<span class=\"_ _1\"></span>i <span class=\"_ _5\"> </span>pagamenti <span class=\"_ _15\"> </span>son<span class=\"_ _1\"></span>o <span class=\"_ _5\"> </span>attualizzati <span class=\"_ _5\"> </span>utilizzando <span class=\"_ _5\"> </span>un <span class=\"_ _15\"> </span>tasso <span class=\"_ _5\"> </span>di indebitamento <span class=\"_ _a\"> </span>increment<span class=\"_ _1\"></span>ale <span class=\"_ _a\"> </span>coerente <span class=\"_ _a\"> </span>con <span class=\"_ _a\"> </span>la <span class=\"_ _a\"> </span>maturity <span class=\"_ _a\"> </span>dei <span class=\"_ _a\"> </span>contratti <span class=\"_ _a\"> </span>sottostanti <span class=\"_ _a\"> </span>quando <span class=\"_ _a\"> </span><span class=\"ls16\">il</span> <span class=\"_ _a\"> </span>tasso <span class=\"_ _a\"></span>di <span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>nteresse implicito <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>el <span class=\"_ _a\"></span>leasing <span class=\"_ _7\"></span>non <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"></span>faci<span class=\"_ _1\"></span>lmente <span class=\"_ _a\"></span>dete<span class=\"_ _1\"></span>rminabile<span class=\"_ _1\"></span>. <span class=\"_ _a\"> </span>I <span class=\"_ _a\"> </span>pagamenti <span class=\"_ _a\"> </span>variabili <span class=\"_ _a\"></span>do<span class=\"_ _1\"></span>vuti <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span>il <span class=\"_ _a\"> </span>leasing <span class=\"_ _7\"></span>che <span class=\"_ _12\"> </span>no<span class=\"_ _1\"></span>n dipendono <span class=\"_ _6\"></span>da <span class=\"_ _6\"> </span>un <span class=\"_ _7\"> </span>indice <span class=\"_ _6\"></span>o <span class=\"_ _6\"> </span>da <span class=\"_ _6\"> </span>un <span class=\"_ _7\"> </span>tasso <span class=\"_ _6\"> </span>sono <span class=\"_ _7\"> </span>rilevati <span class=\"_ _6\"></span>come <span class=\"_ _6\"> </span>costi <span class=\"_ _6\"> </span>nel <span class=\"_ _7\"> </span>periodo <span class=\"_ _6\"></span>in <span class=\"_ _6\"> </span>cui <span class=\"_ _6\"> </span>si<span class=\"_ _3\"></span> <span class=\"_ _6\"> </span>verifica <span class=\"_ _6\"> </span>l\u2019evento <span class=\"_ _6\"> </span>o <span class=\"_ _6\"> </span>l<span class=\"_ _3\"></span>a circostanza che fa <span class=\"_ _a\"> </span>scatta<span class=\"_ _1\"></span>re i pagament<span class=\"_ _1\"></span>i. Dopo la dat<span class=\"_ _1\"></span>a di decorrenz<span class=\"_ _1\"></span>a, la passivit\u00e0 del leasing \u00e8 <span class=\"_ _1\"></span>valutata al <span class=\"_ _1\"></span>costo ammortizzato u<span class=\"_ _1\"></span>sando il metodo de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span> tasso di intere<span class=\"_ _1\"></span>sse effettivo e <span class=\"_ _1\"></span>rideterminata al<span class=\"_ _1\"></span> verificarsi d<span class=\"_ _1\"></span>i taluni even<span class=\"_ _1\"></span>ti. L\u2019identificazion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>del contratto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>leasing <span class=\"_ _3\"></span>(lease <span class=\"_ _3\"></span>term) <span class=\"_ _3\"></span>corrisponde al <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>annullabile <span class=\"_ _3\"></span>del contratto <span class=\"_ _a\"> </span>(<span class=\"_ _3\"></span>non <span class=\"_ _12\"> </span>can<span class=\"_ _1\"></span>cellable <span class=\"_ _a\"> </span>period), <span class=\"_ _12\"> </span>unitamente <span class=\"_ _a\"> </span>ai <span class=\"_ _12\"> </span>periodi <span class=\"_ _12\"> </span>copert<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>da <span class=\"_ _12\"> </span>un\u2019opz<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>one <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>rinnovo <span class=\"_ _a\"></span>o <span class=\"_ _7\"></span>risoluzione anticipata <span class=\"_ _2\"></span>del con<span class=\"_ _1\"></span>tratto, <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>cui <span class=\"_ _2\"></span>esercizio, <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>cui<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ls49\">si<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff22\">detiene il con<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>rollo, \u00e8 cons<span class=\"_ _1\"></span>iderato \u201crag<span class=\"_ _1\"></span>ionevolmente cer<span class=\"_ _1\"></span>to\u201d.<span class=\"ff1f\"> </span></span></span></span></span></span>Il<span class=\"ls0\"> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _0\"></span>applica <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019ecc<span class=\"_ _1\"></span>ezione<span class=\"ff1f\"> <span class=\"_ _0\"></span>alla <span class=\"_ _2\"></span>rilevazio<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span>prev<span class=\"_ _1\"></span>ista <span class=\"_ _0\"></span>per <span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>leasing <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>breve <span class=\"_ _2\"></span>termine<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls4\">ai<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>propr<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>contratti <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>urata </span></span></span></span></span>uguale o <span class=\"_ _1\"></span><span class=\"ff22\">inferiore <span class=\"_ _2\"></span>a 12 mesi <span class=\"_ _2\"></span>dalla data di d<span class=\"_ _2\"></span>ecorrenza. Applica, <span class=\"_ _2\"></span>inoltre, l\u2019eccezion<span class=\"_ _1\"></span>e<span class=\"ff1f\"> <span class=\"_ _2\"></span>al<span class=\"_ _3\"></span>la <span class=\"_ _2\"></span>rilevazione <span class=\"_ _2\"></span>prevista <span class=\"_ _2\"></span>per </span></span>i <span class=\"_ _2\"></span>leasing <span class=\"_ _2\"></span>nei <span class=\"_ _0\"></span>quali <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019attivit\u00e0<span class=\"ff1f\"> <span class=\"_ _2\"></span>sottostante <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff22\">\u201cmodes<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>valore\u201d<span class=\"_ _3\"></span><span class=\"ff1f\"> e <span class=\"ls2\">il</span> cui i<span class=\"_ _3\"></span>mporto \u00e8 stimato come <span class=\"_ _3\"></span>non significativo.<span class=\"_ _1\"></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 <span class=\"_ _1\"></span>breve te<span class=\"_ _1\"></span>rmine e <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>i leasing <span class=\"_ _1\"></span>in cui <span class=\"_ _1\"></span>l\u2019attivit\u00e0 <span class=\"_ _1\"></span>sottostan<span class=\"_ _1\"></span>te \u00e8 d<span class=\"_ _1\"></span>i modes<span class=\"_ _1\"></span>to valo<span class=\"_ _1\"></span>re sono rilevati co<span class=\"_ _1\"></span>me costo a <span class=\"_ _1\"></span>quote costanti per <span class=\"_ _1\"></span>la durata del <span class=\"_ _1\"></span>leasing. Una <span class=\"_ _12\"> </span>modifi<span class=\"_ _1\"></span>ca <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>contratto <span class=\"_ _12\"> </span>di <span class=\"_ _a\"> </span>affitto <span class=\"_ _12\"> </span>si <span class=\"_ _a\"> </span>verifica <span class=\"_ _12\"> </span>quando <span class=\"_ _a\"> </span>c\u2019\u00e8 <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>varia<span class=\"_ _1\"></span>zione <span class=\"_ _a\"> </span>dell\u2019oggetto <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>contratto<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> </span>locazione, <span class=\"_ _3\"></span>o <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>paga<span class=\"_ _1\"></span>menti <span class=\"_ _3\"></span>relativi <span class=\"_ _e\"></span><span class=\"ls3\">al</span> <span class=\"_ _e\"></span>contratto <span class=\"_ _3\"></span><span class=\"ff22\">d\u2019affitto,</span> <span class=\"_ _3\"></span>che <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>faceva <span class=\"_ _3\"></span>parte <span class=\"_ _e\"></span>dei <span class=\"_ _11\"></span>termini <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _11\"></span>condizioni originali <span class=\"_ _7\"> </span>del <span class=\"_ _a\"> </span>contratto <span class=\"_ _7\"> </span>d\u2019affitto. <span class=\"_ _a\"> </span>In <span class=\"_ _a\"> </span>qu<span class=\"_ _1\"></span>esto <span class=\"_ _a\"> </span>ca<span class=\"_ _1\"></span>so, <span class=\"_ _7\"> </span>i<span class=\"_ _3\"></span>l <span class=\"_ _a\"> </span>diritto <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _a\"> </span>e <span class=\"_ _7\"> </span>il <span class=\"_ _a\"> </span>debito <span class=\"_ _a\"> </span>pe<span class=\"_ _1\"></span>r <span class=\"_ _7\"> </span>contratti <span class=\"_ _a\"> </span>d\u2019affitto <span class=\"_ _7\"> </span>vengono aggiornati di conse<span class=\"_ _1\"></span>guenza. Le<span class=\"ls0\"> c<span class=\"_ _1\"></span>omp<span class=\"_ _2\"></span>onent<span class=\"_ _2\"></span>i d<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ntr<span class=\"_ _2\"></span>atti <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>i co<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>ratti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ess<span class=\"_ _2\"></span>i <span class=\"ls16\">la</span> <span class=\"_ _2\"></span>cui<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>loc<span class=\"_ _2\"></span>azio<span class=\"_ _2\"></span>ne \u00e8<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>uci<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>ile<span class=\"_ _2\"></span> <span class=\"ls3\">ad</span> <span class=\"_ _1\"></span><span class=\"ls6\">un<span class=\"ls0\"> <span class=\"_ _2\"></span>contr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> di se<span class=\"_ _1\"></span>rvizi o ad una </span></span></span>concessione di lic<span class=\"_ _1\"></span>enza, sono stati<span class=\"_ _1\"></span> esclusi dal<span class=\"_ _1\"></span>l\u2019ambito di app<span class=\"_ _1\"></span>licazione del<span class=\"_ _1\"></span>l\u2019IFRS 16.<span class=\"ff1f\"> </span>Sono <span class=\"_ _6\"></span>stati <span class=\"_ _7\"></span>identificati <span class=\"_ _6\"></span>contratti <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>sublocazion<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>riconducibili <span class=\"_ _7\"></span>agli <span class=\"_ _6\"></span>immobili <span class=\"_ _7\"></span><span class=\"ls2\">in</span> <span class=\"_ _6\"></span>uso. <span class=\"_ _7\"></span><span class=\"ls7\">Il</span> <span class=\"_ _7\"></span>Gruppo <span class=\"_ _a\"></span>in <span class=\"_ _7\"></span>qualit\u00e0 <span class=\"_ _a\"> </span>di<span class=\"_ _1\"></span> locatore a terzi <span class=\"_ _1\"></span>di spazi im<span class=\"_ _1\"></span>mobiliari ha ident<span class=\"_ _1\"></span>ificato det<span class=\"_ _1\"></span>ti contratti come <span class=\"_ _1\"></span>leasing ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>o.<span class=\"_ _2\"></span> Gli <span class=\"_ _7\"></span>investimenti <span class=\"_ _7\"></span>immobilia<span class=\"_ _1\"></span>ri <span class=\"_ _7\"></span>detenuti <span class=\"_ _7\"></span>per <span class=\"_ _a\"></span>p<span class=\"_ _1\"></span>ercepire <span class=\"_ _7\"></span>canoni <span class=\"_ _7\"></span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span>locazion<span class=\"_ _1\"></span>e, <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span><span class=\"ff22\">l\u2019apprezzamento <span class=\"_ _12\"> </span>del</span> <span class=\"_ _12\"> </span>capitale investito <span class=\"_ _11\"></span>o <span class=\"_ _6\"></span>per <span class=\"_ _11\"></span>entrambe <span class=\"_ _6\"></span><span class=\"ls16\">le</span> <span class=\"_ _11\"></span>motivazioni, <span class=\"_ _6\"></span>sono <span class=\"_ _11\"></span>iscritti <span class=\"_ _11\"></span><span class=\"ls4\">al</span> <span class=\"_ _6\"></span>costo, <span class=\"_ _11\"></span>comprensivo <span class=\"_ _11\"></span>degli <span class=\"_ _6\"></span>oneri <span class=\"_ _7\"></span>accessori <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>diretta imputazione e, ad eccezion<span class=\"_ _1\"></span>e della componente relativa ai terreni, sono <span class=\"_ _1\"></span>siste<span class=\"_ _1\"></span>maticamente <span class=\"_ _2\"></span>ammortizzati <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>quote costanti <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>ogni <span class=\"_ _2\"></span>singolo <span class=\"_ _2\"></span>periodo <span class=\"_ _2\"></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _2\"></span>della vita ut<span class=\"_ _1\"></span>ile stimata. </span></span>I <span class=\"_ _2\"></span>costi<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>sostenuti <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>migliorie <span class=\"_ _1\"></span>vengono <span class=\"_ _2\"></span>imputati <span class=\"_ _2\"></span>ad incr<span class=\"_ _1\"></span>emento <span class=\"_ _2\"></span>dei beni <span class=\"_ _2\"></span>interessati <span class=\"_ _2\"></span>solo se <span class=\"_ _2\"></span>sono <span class=\"_ _0\"></span>attendibilmente stimabili <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>potranno <span class=\"_ _2\"></span>essere <span class=\"_ _0\"></span>recuperati <span class=\"_ _2\"></span>tramite <span class=\"_ _0\"></span>futuri <span class=\"_ _2\"></span>benefici <span class=\"_ _2\"></span>econo<span class=\"_ _1\"></span>mici attesi ad <span class=\"_ _1\"></span>essi associab<span class=\"_ _1\"></span>ili. 13. I<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>iment<span class=\"_ _2\"></span>i immo<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iar<span class=\"_ _2\"></span>i Gli <span class=\"_ _2\"></span>investimenti <span class=\"_ _2\"></span>immobiliari <span class=\"_ _2\"></span>vengono <span class=\"_ _2\"></span>periodicamente <span class=\"_ _2\"></span>valutati <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>identificare <span class=\"_ _2\"></span>eventuali <span class=\"_ _2\"></span>perdite <span class=\"_ _2\"></span>di va<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>ore <span class=\"_ _2\"></span>come descritto nel paragr<span class=\"_ _1\"></span>afo succ<span class=\"_ _1\"></span>essivo. 14. A<span class=\"_ _2\"></span>ttiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>mmat<span class=\"_ _2\"></span>erial<span class=\"_ _1\"></span>i Sono <span class=\"_ _11\"></span>iscritti <span class=\"_ _e\"></span>tra <span class=\"_ _11\"></span>le <span class=\"_ _11\"></span><span class=\"ff22\">attivit\u00e0 <span class=\"_ _11\"></span>immateriali <span class=\"_ _e\"></span>i <span class=\"_ _11\"></span>costi, <span class=\"_ _11\"></span>inclusivi <span class=\"_ _e\"></span>degli <span class=\"_ _11\"></span>oneri <span class=\"_ _11\"></span>accessori, <span class=\"_ _e\"></span>sostenuti <span class=\"_ _11\"></span>per <span class=\"_ _e\"></span>l\u2019acquisizione <span class=\"_ _e\"></span>di </span>risorse <span class=\"_\"> </span>pr<span class=\"_ _1\"></span>ive <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>consistenza <span class=\"_\"> </span>fi<span class=\"_ _1\"></span>sica <span class=\"_\"> </span>a <span class=\"_ _12\"> </span>condizione <span class=\"_\"> </span>che<span class=\"_ _1\"></span> <span class=\"_\"> </span>il <span class=\"_\"> </span>l<span class=\"_ _1\"></span>oro <span class=\"_\"> </span>am<span class=\"_ _1\"></span>montare <span class=\"_\"> </span>s<span class=\"_ _1\"></span>ia <span class=\"_\"> </span>q<span class=\"_ _1\"></span>uantificabile <span class=\"_ _a\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _a\"> </span><span class=\"ls16\">il</span> <span class=\"_ _a\"> </span>bene <span class=\"_ _a\"></span>sia<span class=\"_ _1\"></span> chiaramente <span class=\"_ _11\"></span>identificabile <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>controllabile <span class=\"_ _11\"></span>dal <span class=\"_ _6\"></span>Gruppo <span class=\"_ _11\"></span>e <span class=\"_ _6\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>l\u2019uso <span class=\"_ _a\"> </span>della <span class=\"_ _a\"> </span>attivit\u00e0 <span class=\"_ _a\"> </span>generer\u00e0 <span class=\"_ _a\"> </span>probabili <span class=\"_ _a\"> </span>benefici economici in <span class=\"_ _1\"></span>futuro. Non <span class=\"_ _17\"> </span>sono <span class=\"_ _17\"> </span>capitalizzati <span class=\"_ _15\"> </span>costi <span class=\"_ _17\"> </span>pubblicitari, <span class=\"_ _17\"> </span>costi <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>impianto <span class=\"_ _17\"> </span>e <span class=\"_ _17\"> </span>ampliamento <span class=\"_ _15\"> </span>e <span class=\"_ _17\"> </span>costi<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>ricerca. <span class=\"_ _17\"> </span>Le immobilizzaz<span class=\"_ _1\"></span>ioni <span class=\"_ _2\"></span>aventi <span class=\"_ _2\"></span>vi<span class=\"_ _1\"></span>ta <span class=\"_ _2\"></span>utile <span class=\"_ _2\"></span>defini<span class=\"_ _1\"></span>ta <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>siste<span class=\"_ _1\"></span>maticamente <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>mmortizzate <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>quo<span class=\"_ _3\"></span>te <span class=\"_ _2\"></span>costanti <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>ogni <span class=\"_ _2\"></span>singol<span class=\"_ _1\"></span>o periodo per tener co<span class=\"_ _1\"></span>nto dell<span class=\"_ _1\"></span>a residua possibil<span class=\"_ _1\"></span>it\u00e0 di utilizzaz<span class=\"_ _1\"></span>ione. La <span class=\"_\"> </span>voc<span class=\"_ _1\"></span>e <span class=\"_\"> </span>\u201ca<span class=\"_ _2\"></span>vviame<span class=\"_ _2\"></span>nto\u201d<span class=\"_ _1\"></span> <span class=\"_\"> </span><span class=\"ls49\">si</span> <span class=\"_\"> </span>ri<span class=\"_ _1\"></span>fer<span class=\"_ _2\"></span>isce <span class=\"_\"> </span><span class=\"ls48\">al</span> <span class=\"_\"> </span>mag<span class=\"_ _1\"></span>gio<span class=\"_ _2\"></span>r <span class=\"_\"> </span>val<span class=\"_ _1\"></span>ore<span class=\"_ _2\"></span> <span class=\"_\"> </span>attrib<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ito<span class=\"_ _1\"></span> <span class=\"_\"> </span><span class=\"ls16\">in</span> <span class=\"_\"> </span>se<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span> <span class=\"_\"> </span><span class=\"ls1\">di</span> <span class=\"_\"> </span>prim<span class=\"_ _1\"></span>o <span class=\"_\"> </span>co<span class=\"_ _2\"></span>nsoli<span class=\"_ _1\"></span>da<span class=\"_ _2\"></span>mento<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>una partecipazione <span class=\"_ _2\"></span>o <span class=\"_ _0\"></span>identificato <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>via <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>esiduale <span class=\"_ _2\"></span><span class=\"ff22\">da<span class=\"_ _1\"></span>ll\u2019eccedenza<span class=\"ff1f\"> <span class=\"_ _2\"></span>del <span class=\"_ _0\"></span>costo <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>acquisizione <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _1\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f\">delle </span></span></span></span></span></span></span></span>attivit\u00e0, passivit<span class=\"_ _1\"></span>\u00e0 e passivit<span class=\"_ _1\"></span>\u00e0 potenziali iden<span class=\"_ _1\"></span>tificabili di alcu<span class=\"_ _1\"></span>ne societ\u00e0 con<span class=\"_ _1\"></span>trollate a<span class=\"_ _1\"></span>lla data di acquis<span class=\"_ _1\"></span>izione. Gli <span class=\"_ _12\"> </span>avviamenti <span class=\"_ _a\"> </span>e <span class=\"_\"> </span>l<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>immobilizzaz<span class=\"_ _1\"></span>ioni <span class=\"_ _12\"> </span>immate<span class=\"_ _1\"></span>riali <span class=\"_ _12\"> </span>avent<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>vita <span class=\"_ _12\"> </span>utile <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>ndefinita <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>vengono <span class=\"_ _12\"> </span>sottopos<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _12\"> </span>ad ammortamento,<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>bens\u00ec <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>periodiche <span class=\"_ _e\"></span>verifiche <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>identificare <span class=\"_ _e\"></span>eventuali <span class=\"_ _e\"></span>perdite <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>valore, <span class=\"_ _e\"></span>cos\u00ec <span class=\"_ _e\"></span>come <span class=\"_ _e\"></span>descritto nel <span class=\"_ _6\"></span>paragrafo <span class=\"_ _6\"></span>\u201cPerdite <span class=\"_ _11\"></span>di <span class=\"_ _6\"> </span>valore <span class=\"_ _6\"> </span>di <span class=\"_ _6\"></span>attivit\u00e0\u201d. <span class=\"_ _6\"></span>Qualora <span class=\"_ _11\"></span>i <span class=\"_ _6\"> </span>flussi<span class=\"_ _3\"></span> <span class=\"_ _1cf\"> </span>di <span class=\"_ _11\"></span>ca<span class=\"_ _3\"></span>ssa <span class=\"_ _6\"></span>attesi <span class=\"_ _11\"></span>attualizzati <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>permettano <span class=\"_ _11\"></span>il recupero dell\u2019inv<span class=\"_ _1\"></span>estimento <span class=\"_ _1\"></span>iniziale, l\u2019attivi<span class=\"_ _1\"></span>t\u00e0 iscritta vi<span class=\"_ _1\"></span>ene congruament<span class=\"_ _1\"></span>e svalutata<span class=\"_ _1\"></span>. Il<span class=\"ls0\"> <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>aggior <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>attribuito<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls4\">ad</span> <span class=\"_ _e\"></span>una <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _e\"></span>immateriale <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>definita, <span class=\"_ _e\"></span>iscritto <span class=\"_ _3\"></span><span class=\"ls2\">in</span> <span class=\"_ _e\"></span>applicazione <span class=\"_ _7\"></span><span class=\"ff22\">dell<span class=\"_ _1\"></span>\u2019I<span class=\"_ _1\"></span>FR<span class=\"_ _2\"></span>S<span class=\"ff1f\"> <span class=\"_ _11\"></span>3 <span class=\"_ _e\"></span>a </span></span></span>seg<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span><span class=\"ff22\">del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _1\"></span>acq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _2\"></span><span class=\"ff1f\"> <span class=\"ls6\">di</span> <span class=\"_ _2\"></span><span class=\"ls6\">una<span class=\"ls0\"> par<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span>cipaz<span class=\"_ _2\"></span>ione <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>sed<span class=\"_ _2\"></span>e <span class=\"ls1\">di</span> p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>mo <span class=\"_ _2\"></span>cons<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>lid<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>viene ammortizzato se <span class=\"_ _3\"></span>riferito </span></span></span></span></span></span>ad <span class=\"_\"> </span>immobilizzazion<span class=\"_ _1\"></span>i <span class=\"_\"> </span>a <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>def<span class=\"_ _1\"></span>inita. <span class=\"_\"> </span>Qualora <span class=\"_\"> </span>i<span class=\"_ _1\"></span>l <span class=\"_\"> </span>maggior <span class=\"_\"> </span>valo<span class=\"_ _1\"></span>re <span class=\"_\"> </span>sia <span class=\"_\"> </span>attribuito <span class=\"_\"> </span>ad <span class=\"_\"> </span>i<span class=\"_ _1\"></span>mmobilizzazi<span class=\"_ _1\"></span>oni immateriali a vita utile indefinita, non viene ammortizzato. Tal<span class=\"_ _1\"></span>i attivit\u00e0 sono assoggettate ad <span class=\"_ _3\"></span><span class=\"ff24\">impairment test</span>, cos\u00ec come prev<span class=\"_ _1\"></span>isto dallo IA<span class=\"_ _1\"></span>S 36. Vengono <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>seguito <span class=\"_ _2\"></span>indic<span class=\"_ _1\"></span>ati <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>periodi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>ammo<span class=\"_ _1\"></span>rtamento <span class=\"_ _2\"></span>adottati <span class=\"_ _2\"></span>per <span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>varie <span class=\"_ _2\"></span>voci <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 im<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>ter<span class=\"_ _2\"></span>iali<span class=\"_ _1\"></span>: Co<span class=\"_ _2\"></span>nces<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>cenz<span class=\"_ _2\"></span>e,<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e di<span class=\"_ _0\"></span>ri<span class=\"_ _2\"></span>tti<span class=\"_ _2\"></span> si<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _1d0\"> </span>d<span class=\"_ _1\"></span>a 3 a <span class=\"_ _3\"></span>5<span class=\"_ _1\"></span> ann<span class=\"_ _2\"></span>iP<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> soft<span class=\"_ _1\"></span>ware<span class=\"_ _1c6\"> </span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> 3 a <span class=\"_ _3\"></span>5<span class=\"_ _1\"></span> ann<span class=\"_ _2\"></span>iTestate<span class=\"_ _1d1\"> </span>d<span class=\"_ _1\"></span>a 10<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ann<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> o i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>defi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>taDi<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _1d2\"> </span>sec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t\u00e0Al<span class=\"_ _2\"></span>tre i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _1d3\"> </span>d<span class=\"_ _1\"></span>a 2 a <span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ann<span class=\"_ _2\"></span>iLe <span class=\"_ _a\"> </span>testate <span class=\"_ _a\"></span>a <span class=\"_ _7\"></span>vita <span class=\"_ _a\"> </span>utile <span class=\"_ _7\"></span>definita <span class=\"_ _a\"> </span>sono <span class=\"_ _a\"> </span>ammortizza<span class=\"_ _1\"></span>te <span class=\"_ _7\"></span><span class=\"ls2\">in</span> <span class=\"_ _a\"> </span>un <span class=\"_ _a\"> </span>periodo <span class=\"_ _7\"></span>tra <span class=\"_ _a\"> </span>i <span class=\"_ _a\"> </span>dieci <span class=\"_ _7\"></span>anni <span class=\"_ _a\"> </span>e <span class=\"_ _a\"> </span>i <span class=\"_ _a\"></span>trent\u2019ann<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>dalla<span class=\"ff1f\"> <span class=\"_ _f\"> </span>data </span>dell\u2019acquisto <span class=\"_ _12\"> </span><span class=\"ls2\">in</span> <span class=\"_\"> </span>funzi<span class=\"_ _1\"></span>one <span class=\"_\"> </span>della <span class=\"_ _12\"> </span>loro <span class=\"_\"> </span>residua <span class=\"_ _12\"> </span>possibilit\u00e0 <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>utilizzo. <span class=\"_\"> </span>Ta<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>e <span class=\"_\"> </span>pe<span class=\"_ _1\"></span>riodo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>viene riesaminato <span class=\"_ _3\"></span>periodicamente<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>alla <span class=\"_ _e\"></span>luce <span class=\"_ _3\"></span>dell\u2019andamento <span class=\"_ _3\"></span>economico <span class=\"_ _3\"></span>prospettico <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>partecipate <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>detengono le testate. I <span class=\"_ _e\"></span>diritti <span class=\"_ _11\"></span>pluriennali <span class=\"_ _e\"></span>(di <span class=\"_ _11\"></span>durata <span class=\"_ _e\"></span>superiore <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>12 <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>esi) <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>ut<span class=\"_ _3\"></span>ilizzazione <span class=\"_ _e\"></span>televisiva <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>film, <span class=\"_ _11\"></span>serie, <span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>elefil<span class=\"_ _1\"></span>m, <span class=\"_ _e\"></span>cartoni animati, <span class=\"_ _6\"></span>concerti <span class=\"_ _7\"></span>classici, <span class=\"_ _6\"></span>corti, <span class=\"_ _7\"></span>documentari, <span class=\"_ _6\"></span>reportage <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>simili, <span class=\"_ _6\"></span>compresi <span class=\"_ _7\"></span>gli<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>oneri <span class=\"_ _6\"></span>accessori <span class=\"_ _11\"></span>(doppiaggio, edizioni <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>material<span class=\"_ _1\"></span>i), <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>ivi <span class=\"_ _e\"></span>compresi <span class=\"_ _3\"></span>quelli <span class=\"_ _e\"></span>inseriti <span class=\"_ _e\"></span><span class=\"ff22\">all\u2019interno <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>produzioni, <span class=\"_ _e\"></span>ac<span class=\"_ _3\"></span>quistat<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>ediante <span class=\"_ _e\"></span>contratto <span class=\"_ _e\"></span>di </span>licenza, <span class=\"_ _e\"></span>vengono <span class=\"_ _e\"></span>iscritti <span class=\"_ _e\"></span>nella <span class=\"_ _11\"></span>voce <span class=\"_ _11\"></span>\u201cdiritti <span class=\"_ _e\"></span>televisivi\u201d <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>ammortizzati <span class=\"_ _e\"></span>in <span class=\"_ _11\"></span>quote <span class=\"_ _e\"></span>costanti <span class=\"_ _e\"></span>annuali <span class=\"_ _11\"></span>nel <span class=\"_ _e\"></span>periodo della loro disponibilit\u00e0 stabilito dal contratto di<span class=\"_ _3\"></span> <span class=\"ff22\">licenza a par<span class=\"_ _3\"></span>tire dall\u2019esercizio in cui sono disponibili e <span class=\"_ _3\"></span>pronti </span>per <span class=\"_ _148\"> </span>l\u2019uso. <span class=\"_ _148\"> </span>Nel <span class=\"_ _c\"> </span>caso <span class=\"_ _148\"> </span>in <span class=\"_ _c\"> </span>cui<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span> <span class=\"_ _148\"> </span>diritti <span class=\"_ _c\"> </span>abbiano <span class=\"_ _148\"> </span>esaurito <span class=\"_ _c\"> </span>i <span class=\"_ _148\"> </span>passaggi <span class=\"_ _148\"> </span>disponibili, <span class=\"_ _c\"> </span>indipendentemen<span class=\"_ _1\"></span>te dall\u2019ammortamen<span class=\"_ _1\"></span>to<span class=\"ff1f\"> <span class=\"_ _3\"></span>gi\u00e0 contabilizzato, <span class=\"_ _3\"></span><span class=\"ls2\">il</span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>residuo viene <span class=\"_ _3\"></span>interamente adde<span class=\"_ _3\"></span>bitato a <span class=\"_ _3\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _11\"></span>nel </span>periodo <span class=\"_ _7\"> </span>in <span class=\"_ _7\"> </span>cui <span class=\"_ _7\"> </span>si <span class=\"_ _7\"> </span>\u00e8 <span class=\"_ _a\"> </span>verifi<span class=\"_ _1\"></span>cato <span class=\"_ _7\"> </span>l\u2019ultimo <span class=\"_ _7\"> </span>passagg<span class=\"_ _1\"></span>io. <span class=\"_ _7\"> </span>I <span class=\"_ _7\"> </span>diritti <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _a\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _7\"> </span>frequenze <span class=\"_ _6\"> </span>televisive <span class=\"_ _7\"> </span>sono <span class=\"_ _7\"> </span>ammortizzati secondo la loro du<span class=\"_ _1\"></span>rata. La <span class=\"_\"> </span>vita <span class=\"_\"> </span>ut<span class=\"_ _1\"></span>ile <span class=\"_\"> </span><span class=\"ls3\">ed</span> <span class=\"_\"> </span><span class=\"ls2\">il</span> <span class=\"_\"> </span>c<span class=\"_ _1\"></span>riterio <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>ammortamento <span class=\"_\"> </span>sono<span class=\"_ _1\"></span> <span class=\"_\"> </span>rivisti <span class=\"_\"> </span>per<span class=\"_ _1\"></span>iodicamente <span class=\"_ _12\"> </span><span class=\"ls4\">e,</span> <span class=\"_\"> </span>ove <span class=\"_\"> </span><span class=\"ls33\">si</span> <span class=\"_ _12\"> </span>riscontrino <span class=\"_\"> </span>rilevanti cambiamenti rispe<span class=\"_ _1\"></span>tto alle assunzion<span class=\"_ _1\"></span>i adottate in preced<span class=\"_ _1\"></span>enza, la quota di ammo<span class=\"_ _1\"></span>rtamento viene <span class=\"_ _1\"></span>rettificata con il<span class=\"_ _2\"></span> metodo <span class=\"ff22\">\u201cprospe<span class=\"_ _1\"></span>ttico\u201d.<span class=\"ff1f\"> </span></span>Sono <span class=\"_ _6\"></span>iscritti <span class=\"_ _6\"> </span>nelle <span class=\"_ _6\"></span>immobilizzazioni <span class=\"_ _11\"></span>in <span class=\"_ _7\"> </span>corso <span class=\"_ _6\"></span>i <span class=\"_ _6\"> </span>costi <span class=\"_ _6\"> </span>sostenuti <span class=\"_ _6\"> </span>per <span class=\"_ _6\"> </span>l\u2019acquisizione <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>la <span class=\"_ _6\"> </span>produzione<span class=\"_ _e\"></span><span class=\"ff1f\"> <span class=\"_ _3\"></span>interna <span class=\"_ _e\"></span><span class=\"ls6\">di</span> </span>attivit\u00e0 <span class=\"_ _2\"></span>immateri<span class=\"_ _1\"></span>ali, <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>qual<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>sia <span class=\"_ _2\"></span>ancora <span class=\"_ _2\"></span>stata <span class=\"_ _0\"></span>acquisita <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>piena <span class=\"_ _1\"></span>titolarit\u00e0<span class=\"_ _1\"></span> del <span class=\"_ _2\"></span>diritto o r<span class=\"_ _1\"></span>iguardanti <span class=\"_ _1\"></span>progett<span class=\"_ _1\"></span>i </span></span></span></span>non an<span class=\"_ _2\"></span>cora completat<span class=\"_ _1\"></span>i. L<span class=\"_ _2\"></span>e immobilizza<span class=\"_ _1\"></span>zioni <span class=\"_ _2\"></span>in corso <span class=\"_ _2\"></span>rimangono <span class=\"_ _2\"></span>iscr<span class=\"_ _1\"></span>itte <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>tale <span class=\"_ _2\"></span>voc<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>fino <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>momento <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>loro </span></span></span></span>utilizzazione economica: da <span class=\"_ _e\"></span>tale momento sono <span class=\"_ _1\"></span>riclassifica<span class=\"_ _1\"></span>te nelle rispettive <span class=\"_ _1\"></span>voci di comp<span class=\"_ _1\"></span>etenza delle at<span class=\"_ _1\"></span>tivit\u00e0 immateriali ed am<span class=\"_ _1\"></span>mortizzate. Le<span class=\"ls0\"> immobiliz<span class=\"_ _1\"></span>zazioni <span class=\"ls2\">in</span> <span class=\"_ _2\"></span>corso sono assog<span class=\"_ _1\"></span>gettate <span class=\"ls4\">ad</span> <span class=\"_ _2\"></span><span class=\"ff24\">impairment test, <span class=\"_ _1\"></span><span class=\"ff1f\">cos\u00ec co<span class=\"_ _1\"></span>me pre<span class=\"_ _1\"></span>visto dallo IA<span class=\"_ _1\"></span>S 36. </span></span></span>Gli <span class=\"_ _2\"></span>oneri <span class=\"_ _2\"></span>finanziari <span class=\"_ _2\"></span>sono <span class=\"_ _1\"></span>capit<span class=\"_ _1\"></span>alizzati <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>immateriali <span class=\"_ _2\"></span>acquisite ov<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>richiedano <span class=\"_ _2\"></span>un rilevante periodo <span class=\"_ _1\"></span>di tempo pri<span class=\"_ _1\"></span>ma di essere pron<span class=\"_ _1\"></span>te per l<span class=\"_ _1\"></span>\u2019uso. 15. P<span class=\"_ _2\"></span>erdi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>valor<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> n<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _2\"></span>rie La soc<span class=\"_ _3\"></span>iet\u00e0 verifica, almeno u<span class=\"_ _3\"></span><span class=\"ff22\">na <span class=\"_ _3\"></span>volta <span class=\"_ _3\"></span>all\u2019anno, la <span class=\"_ _3\"></span>recuperabilit\u00e0 del valore <span class=\"_ _3\"></span>contabile delle <span class=\"_ _3\"></span>attivit\u00e0 immateriali </span>a <span class=\"_ _2\"></span>vita <span class=\"_ _2\"></span>utile <span class=\"_ _2\"></span>indefinita, <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>corso, <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>ogni <span class=\"_ _2\"></span>volta <span class=\"_ _6\"></span>che <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>manifestano <span class=\"_ _2\"></span>ind<span class=\"_ _1\"></span>icatori <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>potenziale riduzione <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>valo<span class=\"_ _1\"></span>re, <span class=\"_ _7\"></span>la <span class=\"_ _a\"> </span>recuperabi<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _a\"> </span>valore <span class=\"_ _7\"></span>contabile <span class=\"_ _7\"></span>delle <span class=\"_ _a\"> </span>immobili<span class=\"_ _1\"></span>zzazioni <span class=\"_ _7\"></span>materiali <span class=\"_ _7\"></span>e <span class=\"_ _a\"> </span>delle <span class=\"_ _7\"></span>attivit\u00e0 immateriali <span class=\"_ _1\"></span>a v<span class=\"_ _1\"></span>ita u<span class=\"_ _1\"></span>tile def<span class=\"_ _1\"></span>inita, non<span class=\"_ _1\"></span>ch\u00e9 <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>partecipa<span class=\"_ _1\"></span>zioni, a<span class=\"_ _1\"></span>l fin<span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>determina<span class=\"_ _1\"></span>re se <span class=\"_ _2\"></span>tali attivit\u00e0 <span class=\"_ _1\"></span>possano <span class=\"_ _1\"></span>aver subito una <span class=\"_ _2\"></span>perdita di <span class=\"_ _2\"></span>valore. Se <span class=\"_ _1\"></span>esiste un<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>tale <span class=\"_ _1\"></span>evidenza,<span class=\"_ _1\"></span> il <span class=\"_ _1\"></span>valore <span class=\"_ _2\"></span>di carico <span class=\"_ _1\"></span>de<span class=\"ff22\">ll\u2019attivit\u00e0 v<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ene r<span class=\"_ _1\"></span>idotto <span class=\"_ _1\"></span>al r<span class=\"_ _1\"></span>elativo<span class=\"ff1f\"> </span></span>valore <span class=\"_ _2\"></span>recupe<span class=\"_ _1\"></span>rabile. <span class=\"_ _2\"></span><span class=\"ls7\">Il<span class=\"ls0\"> <span class=\"_ _0\"></span>val<span class=\"_ _3\"></span>ore <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>ecuperabile <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ff22\">un\u2019a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"ff1f\"> <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>maggiore <span class=\"_ _0\"></span><span class=\"ls2\">tra<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f ls4\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>vendita </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>ed<span class=\"ls0\"> <span class=\"ls16\">il</span> suo valore <span class=\"ff22\">d\u2019uso.</span> <span class=\"ls7\">Il</span> <span class=\"ff24\">fair value </span>\u00e8 determin<span class=\"_ _1\"></span>ato con riferiment<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>ai <span class=\"_ _e\"></span>prezzi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>mercato. <span class=\"_ _3\"></span>In <span class=\"_ _e\"></span>assenza <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valori <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> </span>mercato v<span class=\"_ _1\"></span>engono <span class=\"_ _1\"></span>utilizza<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>metodi di<span class=\"_ _1\"></span> sti<span class=\"_ _1\"></span>ma e <span class=\"_ _2\"></span>modelli valu<span class=\"_ _1\"></span>tativi ba<span class=\"_ _1\"></span>sati <span class=\"_ _1\"></span>su dat<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>munque <span class=\"_ _2\"></span>rilevabili sul <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ercato. Il <span class=\"_ _e\"></span>valore <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _3\"></span>definito <span class=\"_ _e\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _e\"></span>dell\u2019attualizzaz<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>dei <span class=\"_ _e\"></span>flussi <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _e\"></span>attesi <span class=\"_ _e\"></span>dall\u2019utilizzo <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>dalla <span class=\"_ _3\"></span>vendita del bene (o da un\u2019a<span class=\"_ _1\"></span>ggregazi<span class=\"_ _1\"></span>one di beni, c.d. <span class=\"ff24\">cash gen<span class=\"_ _1\"></span>erating unit<span class=\"ff1f ls7\">).<span class=\"ls0\"> </span></span></span>Quando, su<span class=\"_ _1\"></span>ccessivamen<span class=\"_ _1\"></span>te, la <span class=\"_ _2\"></span>per<span class=\"_ _3\"></span>dita d<span class=\"_ _1\"></span>i va<span class=\"_ _1\"></span>lore di <span class=\"_ _1\"></span>un\u2019attivit<span class=\"_ _1\"></span>\u00e0 diversa <span class=\"_ _1\"></span>dall\u2019av<span class=\"_ _1\"></span>viamento <span class=\"_ _1\"></span>viene m<span class=\"_ _1\"></span>eno o <span class=\"_ _2\"></span>si<span class=\"_ _3\"></span> rid<span class=\"_ _1\"></span>uce, il valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>dell\u2019attivit\u00e0 <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _1\"></span>incrementato <span class=\"_ _2\"></span><span class=\"ff1f\">sino <span class=\"_ _1\"></span>alla <span class=\"_ _2\"></span>nuova <span class=\"_ _2\"></span>stima <span class=\"_ _2\"></span>del va<span class=\"_ _1\"></span>lore <span class=\"_ _2\"></span>recuperabile <span class=\"_ _2\"></span>e n<span class=\"_ _1\"></span>ei <span class=\"_ _2\"></span>limiti <span class=\"_ _1\"></span>del <span class=\"_ _2\"></span>valore </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>fosse <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>alcuna <span class=\"_ _3\"></span>perdita <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>riduzione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>degli eventuali ammor<span class=\"_ _1\"></span>tamenti. 16. Cr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>ltre<span class=\"_ _2\"></span> Att<span class=\"_ _1\"></span>ivit<span class=\"_ _2\"></span>\u00e0 fi<span class=\"_ _1\"></span>nanz<span class=\"_ _2\"></span>iarie I <span class=\"_ _3\"></span>crediti,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _e\"></span>eccezion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>dei <span class=\"_ _e\"></span>crediti <span class=\"_ _3\"></span>commerciali, <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span><span class=\"ls16\">le</span> <span class=\"_ _e\"></span>altre <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>inizialmente <span class=\"_ _11\"></span>rilevate <span class=\"_ _e\"></span><span class=\"ls4\">al</span> <span class=\"_ _3\"></span><span class=\"ff24\">fair </span>value<span class=\"ff1f\">, <span class=\"_ _11\"></span>oltre, <span class=\"_ _11\"></span>nel <span class=\"_ _11\"></span>solo <span class=\"_ _e\"></span><span class=\"ls4\">caso</span> <span class=\"_ _11\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _11\"></span><span class=\"ff22\">un\u2019attivit\u00e0</span> <span class=\"_ _e\"></span>finanziaria <span class=\"_ _11\"></span>classificata <span class=\"_ _11\"></span><span class=\"ls3\">al</span> <span class=\"_ _11\"></span></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _e\"></span><span class=\"ff1f\">con <span class=\"_ _a\"></span>v<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>az<span class=\"_ _1\"></span>io<span class=\"_ _2\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>im<span class=\"_ _2\"></span>put<span class=\"_ _2\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>co<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> </span>ec<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>omi<span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span> gli<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>es<span class=\"_ _2\"></span>so<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i di<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _1\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>is<span class=\"_ _2\"></span>izi<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> I cr<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>it<span class=\"_ _2\"></span>i com<span class=\"_ _2\"></span>mer<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>i al<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>rilevazione <span class=\"_ _3\"></span>iniziale <span class=\"_ _3\"></span>sono valutati <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>prezzo <span class=\"_ _2\"></span>stabilito <span class=\"_ _2\"></span>nell<span class=\"_ _1\"></span>\u2019operazione. <span class=\"_ _2\"></span>Il <span class=\"_ _2\"></span>management <span class=\"_ _2\"></span>deter<span class=\"_ _1\"></span>mina <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>classificazione <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>finanziar<span class=\"_ _1\"></span>ie secondo i criteri def<span class=\"_ _1\"></span>initi dal<span class=\"_ _1\"></span>l\u2019IFRS 9 e come r<span class=\"_ _1\"></span>ichiesto dall\u2019I<span class=\"_ _1\"></span>FRS 7 al momen<span class=\"_ _1\"></span>to della lo<span class=\"_ _1\"></span>ro prima iscri<span class=\"_ _1\"></span>zione.<span class=\"ff1f\"> </span>Successivamente <span class=\"_ _0\"></span>all\u2019iscrizione <span class=\"_ _2\"></span>iniziale, <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span><span class=\"ff1f\">attivit\u00e0 <span class=\"_ _2\"></span>f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>valu<span class=\"_ _1\"></span>tate <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>relaz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>alla <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>oro <span class=\"_ _2\"></span>classifica<span class=\"_ _1\"></span>zione </span>all\u2019interno di un<span class=\"_ _1\"></span>a delle segu<span class=\"_ _1\"></span>enti categorie:<span class=\"ff1f\"> </span><span class=\"ff1f fs7 fc0\">al <span class=\"_ _e\"></span>costo <span class=\"_ _e\"></span>ammortizz<span class=\"_ _1\"></span>ato: <span class=\"_ _e\"></span>la <span class=\"_ _3\"></span>valutazione <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>crediti <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>altre <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _e\"></span>finanziarie <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>effettuata <span class=\"_ _e\"></span>secondo <span class=\"ls16\">il</span> criterio <span class=\"_ _2\"></span>del </span>costo <span class=\"_ _e\"></span>ammortizzato, <span class=\"_ _e\"></span>rileva<span class=\"_ _1\"></span>ndo <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>conto <span class=\"_ _11\"></span>economico <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>interessi <span class=\"_ _e\"></span>calcolat<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>tasso <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>interesse <span class=\"_ _7\"></span>effettivo <span class=\"_ _7\"></span>ossia applicando <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>asso <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>rende nul<span class=\"_ _1\"></span>la <span class=\"_ _2\"></span>la <span class=\"_ _1\"></span>somma <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>valori <span class=\"_ _2\"></span>attuali <span class=\"_ _1\"></span>dei <span class=\"_ _2\"></span>flussi <span class=\"_ _2\"></span>di cas<span class=\"_ _1\"></span>sa <span class=\"_ _2\"></span>netti <span class=\"_ _1\"></span>generati <span class=\"_ _2\"></span>dallo <span class=\"_ _2\"></span>strumento finanziario. <span class=\"_ _12\"> </span>Le <span class=\"_ _a\"> </span>perdite <span class=\"_ _12\"> </span>sono <span class=\"_ _a\"> </span>iscritte <span class=\"_ _aa\"> </span>a <span class=\"_ _12\"> </span>conto <span class=\"_ _12\"> </span>econo<span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ico <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>mani<span class=\"_ _1\"></span>festarsi <span class=\"_ _a\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>perdi<span class=\"_ _1\"></span>te <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>quando <span class=\"_ _a\"> </span>i finanziamenti <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>crediti <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>contabilmen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>eliminati. <span class=\"_ _2\"></span>I <span class=\"_ _2\"></span>crediti <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>assoggettati <span class=\"_ _2\"></span>ad <span class=\"_ _2\"></span><span class=\"ff24\">impairment <span class=\"_ _2\"></span><span class=\"ff1f\">e <span class=\"_ _2\"></span>quindi <span class=\"_ _2\"></span>iscritti </span></span>al <span class=\"_ _11\"></span>valore <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>presumibile <span class=\"_ _e\"></span>realizzo <span class=\"_ _e\"></span>(<span class=\"ff24\">fair <span class=\"_ _e\"></span>value</span><span class=\"ls5\">),</span> <span class=\"_ _e\"></span>mediante <span class=\"_ _e\"></span><span class=\"ls2\">lo</span> <span class=\"_ _e\"></span>stanziamen<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>uno <span class=\"_ _e\"></span>specifico <span class=\"_ _e\"></span>fondo <span class=\"_ _e\"></span>svalutazione portato a diretta de<span class=\"_ _1\"></span>trazione <span class=\"_ _1\"></span>del valore del<span class=\"_ _1\"></span>l\u2019attivit\u00e0.<span class=\"ff1f\"> </span>I <span class=\"_ _1\"></span>cre<span class=\"_ _2\"></span>diti v<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span> sv<span class=\"_ _2\"></span>alut<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>i q<span class=\"_ _2\"></span>uand<span class=\"_ _2\"></span>o esis<span class=\"_ _2\"></span>te <span class=\"ls6\">una</span> <span class=\"_ _1\"></span>ind<span class=\"_ _1\"></span>ica<span class=\"_ _2\"></span>zion<span class=\"_ _2\"></span>e og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>ella<span class=\"_ _2\"></span> pro<span class=\"_ _1\"></span>ba<span class=\"_ _1\"></span>bil<span class=\"_ _2\"></span>e in<span class=\"_ _2\"></span>esigib<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 del <span class=\"_ _3\"></span>credito <span class=\"_ _3\"></span>ed <span class=\"_ _e\"></span>in base <span class=\"_ _11\"></span>all\u2019esperienza <span class=\"_ _11\"></span>storica, <span class=\"_ _11\"></span>ai <span class=\"_ _6\"></span>dati <span class=\"_ _11\"></span>statistici <span class=\"_ _e\"></span>alle <span class=\"_ _6\"></span>con<span class=\"ff1f\">dizioni <span class=\"_ _6\"></span>correnti <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>alle <span class=\"_ _6\"></span>previsi<span class=\"_ _1\"></span>oni <span class=\"_ _11\"></span>sulle <span class=\"_ _6\"></span>condizion<span class=\"_ _1\"></span>i <span class=\"_ _11\"></span>future </span>(<span class=\"ff24\">expected cred<span class=\"_ _1\"></span>it losses<span class=\"ff1f ls5\">).<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span></span>Qualora <span class=\"_ _6\"></span>nei <span class=\"_ _7\"></span>periodi <span class=\"_ _6\"></span>successiv<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>vengano <span class=\"_ _6\"></span>meno <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>otivazioni <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>precedenti <span class=\"_ _6\"></span>svalutazioni,<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>il <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>delle attivit\u00e0 <span class=\"_ _12\"> </span>v<span class=\"_ _1\"></span>iene <span class=\"_ _12\"> </span>ripris<span class=\"_ _1\"></span>tinato <span class=\"_ _12\"> </span>fino <span class=\"_ _a\"> </span>a <span class=\"_ _12\"> </span>concorrenza <span class=\"_ _a\"> </span>del <span class=\"_ _12\"> </span>valore <span class=\"_ _a\"> </span>che <span class=\"_\"> </span>sa<span class=\"_ _1\"></span>rebbe <span class=\"_ _12\"> </span>derivat<span class=\"_ _1\"></span>o <span class=\"_ _a\"> </span>dall\u2019applicazione <span class=\"_ _12\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>costo ammortizzato, <span class=\"_ _1\"></span>se non fosse <span class=\"_ _1\"></span>stata effettuata <span class=\"_ _1\"></span>la svalutazione. Il<span class=\"ls0\"> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>evidenzia <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>que<span class=\"_ _1\"></span>sta <span class=\"_ _2\"></span>categoria <span class=\"_ _2\"></span>pre<span class=\"_ _1\"></span>valentemen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>scaden<span class=\"_ _2\"></span>za<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>entro <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>dodici <span class=\"_ _2\"></span>mesi <span class=\"_ _2\"></span>iscr<span class=\"_ _1\"></span>itte <span class=\"_ _0\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>oro </span></span></span></span></span>valore <span class=\"_ _2\"></span>nominale, <span class=\"_ _2\"></span>quale <span class=\"_ _2\"></span>approssimazione <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>costo <span class=\"_ _2\"></span>ammortizzato. <span class=\"_ _2\"></span>Nel <span class=\"_ _2\"></span>caso in cui <span class=\"ls2\">il</span> paga<span class=\"_ _1\"></span>mento preveda <span class=\"_ _1\"></span>termini superiori <span class=\"_ _a\"> </span>alle <span class=\"_ _a\"> </span>normali <span class=\"_ _a\"> </span>condizioni <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>mercato <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span><span class=\"ls16\">il</span> <span class=\"_ _a\"> </span>credito <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>maturi <span class=\"_ _12\"> </span>interessi,<span class=\"_ _2\"></span> <span class=\"_\"> </span>si <span class=\"_ _12\"> </span>considera <span class=\"_ _12\"> </span>presente <span class=\"_ _12\"> </span>una componente <span class=\"_ _a\"> </span>finanzi<span class=\"_ _1\"></span>aria <span class=\"_ _a\"> </span>implicita <span class=\"_ _a\"> </span>nel <span class=\"_ _a\"></span>va<span class=\"_ _1\"></span>lore <span class=\"_ _a\"> </span>iscritto, <span class=\"_ _7\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>viene <span class=\"_ _a\"> </span>pertanto <span class=\"_ _a\"> </span>attualizzato, <span class=\"_ _7\"></span>addebitando <span class=\"_ _a\"> </span>a <span class=\"_ _a\"> </span>conto economico il <span class=\"_ _1\"></span>relativo scont<span class=\"_ _1\"></span>o. I <span class=\"_ _3\"></span>finanziamenti <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>crediti denominati <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>valuta <span class=\"_ _3\"></span>estera <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>convertiti <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>cambio <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>fine <span class=\"_ _e\"></span>esercizio<span class=\"_ _3\"></span> e gli uti<span class=\"_ _1\"></span>li o <span class=\"ls16\">le</span> perdite <span class=\"_ _2\"></span>derivanti <span class=\"_ _1\"></span><span class=\"ff22\">dal<span class=\"_ _1\"></span>l\u2019adeguamento<span class=\"ff1f\"> <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>imputati <span class=\"_ _2\"></span>a con<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>econo<span class=\"_ _2\"></span>mico.<span class=\"_ _2\"></span> </span></span><span class=\"ff1f fs7 fc0 ls4\">al<span class=\"ls0\"> <span class=\"_ _6\"></span><span class=\"ff24\">fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span></span>rilevato <span class=\"_ _6\"></span>nelle <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>componenti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>complessivo <span class=\"_ _11\"></span>(FVOCI): gli altri st<span class=\"_ _1\"></span>rumenti </span></span>di <span class=\"_ _3\"></span>capitale non correnti (ex <span class=\"_ _3\"></span><span class=\"ff24\">available for <span class=\"_ _3\"></span>sale</span>) sono <span class=\"_ _3\"></span>rilevati inizialmente <span class=\"_ _12\"> </span>al costo <span class=\"_ _3\"></span>(<span class=\"ff24\">fair value <span class=\"_ _3\"></span></span>del corrispettivo iniziale <span class=\"_ _3\"></span>dato i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>cambio) <span class=\"_ _3\"></span>incrementato degli <span class=\"_ _3\"></span>eventuali <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>transazione <span class=\"_ _3\"></span>direttamente attribuibili <span class=\"_ _3\"></span>agli <span class=\"_ _3\"></span>stessi. Il <span class=\"_\"> </span>Gruppo<span class=\"_ _1\"></span>, <span class=\"_\"> </span>no<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>essendo <span class=\"_\"> </span>o<span class=\"_ _1\"></span>perativo <span class=\"_\"> </span>n<span class=\"_ _2\"></span>el <span class=\"_\"> </span>trading <span class=\"_\"> </span>azion<span class=\"_ _1\"></span>ario, <span class=\"_\"> </span>h<span class=\"_ _2\"></span>a <span class=\"_\"> </span>adottato <span class=\"_ _12\"> </span>l\u2019opzione <span class=\"_\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_\"> </span>p<span class=\"_ _1\"></span>resentare <span class=\"_ _12\"> </span>nelle <span class=\"_\"> </span>altr<span class=\"_ _1\"></span>e componenti <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>mplessivo <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>successive <span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ariazioni <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff22\">dell\u2019investiment<span class=\"_ _1\"></span>o. <span class=\"_ _2\"></span>Pertant<span class=\"_ _1\"></span>o </span></span>solo <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span>videndi <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>rilevati <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>meno <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>appresen<span class=\"_ _1\"></span>tino <span class=\"_ _7\"></span>chiaramente <span class=\"_ _a\"> </span>un <span class=\"_ _a\"> </span>rimborso dell\u2019investimento. L<span class=\"_ _1\"></span>e variazioni di <span class=\"ff24\">fair value <span class=\"ff1f\">e eventu<span class=\"_ _1\"></span>ali plusvalenze e <span class=\"_ _1\"></span>minusvalenze in fase d<span class=\"_ _1\"></span>i cessione degl<span class=\"_ _1\"></span>i </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>complessi<span class=\"_ _1\"></span>vo e <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>transitano mai <span class=\"_ _3\"></span>dal conto <span class=\"_ _2\"></span>economico. <span class=\"_ _1\"></span>Poich\u00e9 <span class=\"_ _2\"></span>tale <span class=\"_ _2\"></span>opzione <span class=\"_ _1\"></span>pu\u00f2 <span class=\"_ _2\"></span>essere <span class=\"_ _1\"></span>esercitata <span class=\"_ _2\"></span>investimento <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>investimento, <span class=\"_ _2\"></span>eventuali <span class=\"_ _2\"></span>eccezioni in fase di prima <span class=\"_ _1\"></span>iscrizione verr<span class=\"_ _1\"></span>anno evidenz<span class=\"_ _1\"></span>iate nella nota d<span class=\"_ _1\"></span>i commento a<span class=\"_ _1\"></span>lla voce. Tutti <span class=\"_ _12\"> </span>g<span class=\"_ _1\"></span>li <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>nvestimen<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span><span class=\"ls2\">in</span> <span class=\"_ _a\"> </span>strumen<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span>rappr<span class=\"_ _1\"></span>esentativi <span class=\"_ _a\"> </span><span class=\"ls6\">di</span> <span class=\"_ _12\"> </span>capitale <span class=\"_ _a\"> </span>devono <span class=\"_ _12\"> </span><span class=\"ls4\">es</span>sere <span class=\"_ _a\"> </span>valutati <span class=\"_ _12\"> </span>a<span class=\"_ _1\"></span>l <span class=\"ff24\">fair value</span>. In caso di <span class=\"_ _3\"></span>tit<span class=\"_ _3\"></span>oli <span class=\"_ _3\"></span>negoziati <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ercati <span class=\"_ _3\"></span>attivi, <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _3\"></span></span>\u00e8 <span class=\"_ _3\"></span>determinato <span class=\"_ _3\"></span>facendo <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>alla <span class=\"_ _e\"></span>quotazion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>rilevata <span class=\"_ _e\"></span>al termine delle negoz<span class=\"_ _1\"></span>iazioni <span class=\"_ _1\"></span>del giorno di ch<span class=\"_ _1\"></span>iusura <span class=\"ff22\">de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _2\"></span>eserci<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>io.<span class=\"_ _2\"></span><span class=\"ff1f\"> </span></span>Per gli i<span class=\"_ _3\"></span>nvestimen<span class=\"_ _1\"></span>ti per i<span class=\"_ _3\"></span> quali non es<span class=\"_ _3\"></span>iste un mercato attivo, il <span class=\"_ _e\"></span><span class=\"ff24\">fair value </span>\u00e8 <span class=\"_ _3\"></span>determinato in funzione <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>prezzo di <span class=\"_ _2\"></span>transaz<span class=\"_ _1\"></span>ioni <span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ecenti <span class=\"_ _0\"></span>fra <span class=\"_ _2\"></span>parti <span class=\"_ _2\"></span>ind<span class=\"_ _1\"></span>ipendenti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>s<span class=\"_ _1\"></span>trumenti <span class=\"_ _0\"></span>sostanzialmente s<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>i, <span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>util<span class=\"_ _2\"></span>izzan<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ecn<span class=\"_ _1\"></span>ich<span class=\"_ _2\"></span>e </span></span>di <span class=\"_ _7\"></span>val<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>qua<span class=\"_ _1\"></span>li <span class=\"_ _6\"></span><span class=\"ls3\">ad</span> <span class=\"_ _7\"></span>ese<span class=\"_ _2\"></span>mpio <span class=\"_ _6\"></span>valu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>red<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>ua<span class=\"_ _2\"></span>li <span class=\"_ _a\"> </span>o <span class=\"_ _a\"> </span>basate <span class=\"_ _a\"> </span>sull\u2019analisi <span class=\"_ _a\"> </span>dei <span class=\"_ _a\"> </span>flussi <span class=\"_ _a\"> </span>finanziari <span class=\"_ _a\"> </span>attua<span class=\"_ _1\"></span>lizzati (<span class=\"ff24\">Discounted Cash Flow<span class=\"_ _2\"></span><span class=\"ff1f ls5\">).<span class=\"ls0\"> </span></span></span>Limitatamente <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>poche <span class=\"_ _3\"></span>circostanze, <span class=\"_ _e\"></span>tuttavi<span class=\"_ _1\"></span>a, <span class=\"_ _e\"></span>il <span class=\"_ _3\"></span>costo <span class=\"_ _e\"></span>pu\u00f2 <span class=\"_ _e\"></span>rappresen<span class=\"_ _1\"></span>tare <span class=\"_ _e\"></span>una <span class=\"_ _3\"></span>stima <span class=\"_ _e\"></span>adeguat<span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _e\"></span></span>se, per esempio, le pi\u00f9 recenti informa<span class=\"_ _1\"></span>zioni disponibi<span class=\"_ _1\"></span>li per valutare il <span class=\"ff24\">fair value </span>sono insufficienti, oppur<span class=\"_ _1\"></span>e se vi \u00e8 un\u2019ampia gamma di possibili<span class=\"_ _1\"></span> val<span class=\"ff1f\">utazioni del <span class=\"ff24\">fair value</span>. Il costo non \u00e8 mai la migliore stima del <span class=\"ff24\">fair value </span>per </span>gli investimen<span class=\"_ _1\"></span>ti in strument<span class=\"_ _1\"></span>i rappresentativ<span class=\"_ _1\"></span>i di capitale <span class=\"_ _1\"></span>quotati. Dal <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>Gruppo non <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _3\"></span>operativo <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>trading <span class=\"_ _3\"></span>azionario, <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>altri strumenti <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>capitale<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>corrent<span class=\"_ _e\"></span><span class=\"ls16\">i </span>sono costituiti dagli i<span class=\"_ _3\"></span>nvestimen<span class=\"_ _1\"></span>ti in <span class=\"_ _3\"></span>strumenti rappresenta<span class=\"_ _1\"></span>tivi del <span class=\"_ _3\"></span>capitale inferiori al 20% nei <span class=\"_ _3\"></span>quali il <span class=\"_ _3\"></span>Gruppo non esercita un\u2019in<span class=\"_ _1\"></span>fluenza significa<span class=\"_ _1\"></span>tiva.<span class=\"ff1f\"> </span>al <span class=\"_ _12\"> </span><span class=\"ff24\">fair <span class=\"_ _a\"> </span>value <span class=\"_ _a\"> </span><span class=\"ff22\">rilevato <span class=\"_ _a\"> </span>nel <span class=\"_ _a\"> </span>risultato <span class=\"_ _a\"> </span>dell\u2019esercizio <span class=\"_ _a\"> </span>(FVTPL): <span class=\"_ _a\"> </span>la <span class=\"_ _a\"> </span>valutazione <span class=\"_ _a\"> </span>delle <span class=\"_ _a\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span></span></span>fin<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>iari<span class=\"_ _1\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>che<span class=\"_ _1\"></span> <span class=\"_ _7\"></span><span class=\"ls48\">al</span> mom<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>della<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ril<span class=\"_ _1\"></span>ev<span class=\"_ _2\"></span>azion<span class=\"_ _1\"></span>e <span class=\"_ _11\"></span>inizia<span class=\"_ _2\"></span>le <span class=\"_ _6\"></span>son<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>val<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>tate<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls48\">al</span> <span class=\"_ _7\"></span><span class=\"ff24\">fai<span class=\"_ _2\"></span>r <span class=\"_ _6\"></span>value<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ff1f\">con<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>vari<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>imputate <span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>conto <span class=\"_ _11\"></span>economico <span class=\"_ _11\"></span>\u00e8 </span></span>determinata facendo <span class=\"_ _1\"></span>riferim<span class=\"_ _1\"></span>ento <span class=\"ls4\">al</span> valore di <span class=\"_ _1\"></span>mercato alla data<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>chiusura <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>peri<span class=\"_ _1\"></span>odo <span class=\"_ _e\"></span>oggetto <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>rilevazione; nel <span class=\"_ _12\"> </span>caso <span class=\"_\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>strumenti <span class=\"_ _12\"> </span>non <span class=\"_\"> </span>quot<span class=\"_ _1\"></span>ati <span class=\"_ _12\"> </span>lo <span class=\"_\"> </span>s<span class=\"_ _1\"></span>tesso <span class=\"_ _12\"> </span>\u00e8 <span class=\"_\"> </span>de<span class=\"_ _1\"></span>terminato<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>attraverso <span class=\"_ _12\"> </span>tecniche <span class=\"_ _12\"> </span>finanziarie <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>valutazione generalmente <span class=\"_ _2\"></span>accettate e <span class=\"_ _2\"></span>basate <span class=\"_ _2\"></span>su dati <span class=\"_ _2\"></span>di mercat<span class=\"_ _1\"></span>o. <span class=\"_ _1\"></span>Gli <span class=\"_ _2\"></span>utili e <span class=\"_ _2\"></span>le perdite <span class=\"_ _2\"></span>derivanti <span class=\"_ _1\"></span>dalla <span class=\"_ _2\"></span>valutazione al <span class=\"_ _2\"></span><span class=\"ff24\">fair value </span>relativi <span class=\"_ _11\"></span>alle<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _11\"></span>classificate <span class=\"_ _e\"></span><span class=\"ls2\">in</span> <span class=\"_ _e\"></span>questa <span class=\"_ _e\"></span>ca<span class=\"_ _3\"></span>tegoria <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>iscritti <span class=\"_ _11\"></span>a <span class=\"_ _e\"></span>conto <span class=\"_ _11\"></span>economico. <span class=\"_ _e\"></span><span class=\"ls15\">Al</span> <span class=\"_ _11\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _11\"></span>2022 <span class=\"_ _11\"></span><span class=\"ls2\">il</span> Gruppo non detie<span class=\"_ _1\"></span>ne attivit\u00e0 finanz<span class=\"_ _1\"></span>iarie, che al <span class=\"_ _1\"></span>moment<span class=\"_ _1\"></span>o della rilevazio<span class=\"_ _1\"></span>ne iniziale sono va<span class=\"_ _1\"></span>lutate al <span class=\"ff24\">fair value</span>. 17. R<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>ze<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> ma<span class=\"_ _2\"></span>gazzi<span class=\"_ _1\"></span>no Le <span class=\"_ _2\"></span>rimanenze<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>alutate <span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>minore <span class=\"_ _2\"></span>tra <span class=\"_ _0\"></span>il <span class=\"_ _2\"></span>costo <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>cquisto <span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>produ<span class=\"_ _1\"></span>zione <span class=\"_ _0\"></span>comprensivo <span class=\"_ _2\"></span>degli <span class=\"_ _11\"></span>oneri <span class=\"_ _11\"></span>accessori di <span class=\"_ _a\"> </span>diretta <span class=\"_ _a\"> </span>imputazione,<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>netto <span class=\"_ _a\"> </span>degli <span class=\"_ _a\"> </span>sconti <span class=\"_ _a\"> </span>e <span class=\"_ _a\"> </span>abbuoni, <span class=\"_ _a\"> </span>calcolato co<span class=\"_ _1\"></span>n il metodo <span class=\"_ _1\"></span>del costo med<span class=\"_ _1\"></span>io ponderato,<span class=\"_ _2\"></span> ed <span class=\"_ _e\"></span>il <span class=\"_ _11\"></span>valore <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>presumibil<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>realizzo <span class=\"_ _11\"></span>desumibi<span class=\"_ _1\"></span>le <span class=\"_ _e\"></span>dall\u2019andamento <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>mercato. <span class=\"_ _e\"></span>Il <span class=\"_ _11\"></span>valore <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>presumib<span class=\"_ _1\"></span>ile <span class=\"_ _e\"></span>realizzo viene calcolato tenendo conto dei prezzi di mercato, degli eventuali costi di produ<span class=\"_ _1\"></span>zione ancora da sostenere e dei <span class=\"_\"> </span>costi <span class=\"_\"> </span>diretti <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>vendita. <span class=\"_ _12\"> </span><span class=\"ls7\">Il</span> <span class=\"_ _a\"> </span>valore<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>delle <span class=\"_ _12\"> </span>rimanen<span class=\"_ _1\"></span>ze <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"> </span>ret<span class=\"_ _3\"></span>tificato <span class=\"_ _a\"> </span>tramite <span class=\"_ _a\"> </span><span class=\"ff22\">l\u2019iscrizione</span> <span class=\"_ _12\"> </span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span>specifico <span class=\"_ _12\"> </span>fondo svalutazione pe<span class=\"_ _1\"></span>r tenere con<span class=\"_ _1\"></span>to di fenomeni <span class=\"_ _1\"></span>di lento rig<span class=\"_ _1\"></span>iro e obsolescenza. 18. D<span class=\"_ _2\"></span>ispon<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>lit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _2\"></span>liqu<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>mez<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>len<span class=\"_ _1\"></span>ti La<span class=\"ls0\"> vo<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span> co<span class=\"_ _2\"></span>mpre<span class=\"_ _1\"></span>nde<span class=\"_ _2\"></span> <span class=\"ls16\">il</span> <span class=\"_ _1\"></span>den<span class=\"_ _2\"></span>aro <span class=\"_ _1\"></span><span class=\"ls16\">in<span class=\"ls0\"> c<span class=\"_ _1\"></span>as<span class=\"_ _2\"></span>sa, <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>dep<span class=\"_ _2\"></span>ositi<span class=\"_ _2\"></span> ban<span class=\"_ _1\"></span>car<span class=\"_ _2\"></span>i a<span class=\"_ _1\"></span> vi<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span><span class=\"ls3\">ed<span class=\"ls0\"> <span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>tri i<span class=\"_ _1\"></span>nv<span class=\"_ _1\"></span>es<span class=\"_ _2\"></span>timen<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>fin<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>iari <span class=\"_ _1\"></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 sono soggetti <span class=\"_ _3\"></span>ad un <span class=\"_ _3\"></span>rischio non <span class=\"_ _e\"></span>significativo<span class=\"_ _1\"></span> di variazione di va<span class=\"_ _1\"></span>lore. Sono iscritti <span class=\"ls4\">al</span> valore no<span class=\"_ _2\"></span>min<span class=\"_ _1\"></span>ale<span class=\"_ _1\"></span>. 19. P<span class=\"_ _2\"></span>atri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span> ne<span class=\"_ _2\"></span>tto Az<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ni <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>opr<span class=\"_ _1\"></span>ie Sono <span class=\"_ _11\"></span>valutate <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>il <span class=\"_ _11\"></span>metodo <span class=\"_ _e\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>costo <span class=\"_ _11\"></span>storico <span class=\"_ _11\"></span>ed <span class=\"_ _11\"></span>iscritte <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>diminuzione <span class=\"_ _11\"></span>tra <span class=\"_ _11\"></span>le <span class=\"_ _11\"></span>voci <span class=\"_ _11\"></span>del <span class=\"_ _6\"></span>patrimonio <span class=\"_ _e\"></span>netto. <span class=\"_ _11\"></span>Il risultato derivant<span class=\"_ _1\"></span>e da succe<span class=\"_ _1\"></span>ssive vendi<span class=\"_ _1\"></span>te viene rilevato <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span>rettamente co<span class=\"_ _1\"></span>me movime<span class=\"_ _1\"></span>nto di patrimonio netto. Div<span class=\"_ _2\"></span>idend<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>ist<span class=\"_ _2\"></span>ribui<span class=\"_ _1\"></span>ti I <span class=\"_\"> </span>dividend<span class=\"_ _1\"></span>i <span class=\"_\"> </span>p<span class=\"_ _1\"></span>agabili <span class=\"_ _12\"> </span>sono <span class=\"_ _12\"> </span>rappresentati <span class=\"_\"> </span>com<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>movimento <span class=\"_\"> </span>di <span class=\"_\"> </span>patri<span class=\"_ _1\"></span>monio <span class=\"_\"> </span>n<span class=\"_ _1\"></span>etto <span class=\"_ _12\"> </span>nell\u2019esercizio <span class=\"_ _12\"> </span>in<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>cui <span class=\"_\"> </span>so<span class=\"_ _1\"></span>no approvati <span class=\"_ _2\"></span><span class=\"ff22\">dall\u2019Ass<span class=\"_ _1\"></span>emblea<span class=\"ff1f\"> <span class=\"_ _2\"></span>degl<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>Azionisti <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>da<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span>Consiglio <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Am<span class=\"_ _1\"></span>ministrazione <span class=\"_ _0\"></span>nel <span class=\"_ _2\"></span>caso <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>acconto <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>divide<span class=\"_ _1\"></span>ndo </span></span>ai sensi dell\u2019art<span class=\"_ _1\"></span>icolo 2433-bis del Cod<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ce Civile.<span class=\"_ _1\"></span> 20. B<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ef<span class=\"_ _2\"></span>ici <span class=\"_ _2\"></span>ai <span class=\"_ _2\"></span>dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti <span class=\"_ _2\"></span>s<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>l r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>ort<span class=\"_ _2\"></span>o di l<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>o Il <span class=\"_ _e\"></span>trattamento <span class=\"_ _11\"></span>di <span class=\"_ _e\"></span>fine <span class=\"_ _11\"></span>rapporto <span class=\"_ _e\"></span>(TFR), <span class=\"_ _11\"></span>obbligato<span class=\"ff22\">rio <span class=\"_ _11\"></span>per <span class=\"_ _e\"></span>le <span class=\"_ _11\"></span>imprese <span class=\"_ _e\"></span>italiane <span class=\"_ _11\"></span>ai <span class=\"_ _e\"></span>sensi <span class=\"_ _11\"></span>dell\u2019art. <span class=\"_ _e\"></span>2120 <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>Codice </span>Civile, ha <span class=\"_ _3\"></span>natura <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>retribuzione differita <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>correlato alla <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>vita <span class=\"_ _e\"></span>lavorativa<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>dei dipendenti <span class=\"_ _3\"></span><span class=\"ls4\">ed</span> <span class=\"_ _3\"></span>alla retribuzione <span class=\"_ _2\"></span>percepita <span class=\"_ _2\"></span>nel periodo <span class=\"_ _2\"></span>di se<span class=\"_ _1\"></span>rvizio <span class=\"_ _2\"></span>prestato. I<span class=\"_ _2\"></span>l Trattamento <span class=\"_ _2\"></span>di f<span class=\"_ _1\"></span>ine <span class=\"_ _1\"></span>rapporto <span class=\"_ _2\"></span>delle soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _2\"></span>italiane con<span class=\"_ _1\"></span> almeno <span class=\"_ _a\"> </span>50 <span class=\"_ _12\"> </span>d<span class=\"_ _1\"></span>ipendenti <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"> </span>da <span class=\"_ _a\"> </span>considerarsi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>piano <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>benefici <span class=\"_ _6\"></span>definiti <span class=\"_ _11\"></span>esclusivamente <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"ls2\">le</span> <span class=\"_ _6\"></span>quote <span class=\"_ _11\"></span>m<span class=\"_ _3\"></span>aturate anteriormente <span class=\"_ _2\"></span>al 1\u00b0 <span class=\"_ _2\"></span>gennaio <span class=\"_ _1\"></span>2007 <span class=\"_ _1\"></span>(e non <span class=\"_ _2\"></span>ancora <span class=\"_ _1\"></span>liquidat<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>alla da<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>bilancio<span class=\"_ _1\"></span>), me<span class=\"_ _1\"></span>ntre <span class=\"_ _1\"></span>successivamente <span class=\"_ _f\"> </span>a tale data <span class=\"_ _12\"> </span>esso <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _12\"> </span>assimil<span class=\"_ _1\"></span>abile <span class=\"_ _12\"> </span>a<span class=\"_ _1\"></span>d <span class=\"_ _a\"> </span>un <span class=\"_ _12\"> </span>piano <span class=\"_ _12\"> </span>a <span class=\"_ _a\"> </span>contribuzione <span class=\"_ _a\"> </span>definita. <span class=\"_ _12\"> </span>Per <span class=\"_ _a\"> </span>le <span class=\"_ _12\"> </span>societ\u00e0 <span class=\"_ _a\"> </span>italiane <span class=\"_ _a\"> </span>aventi<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>meno <span class=\"_ _12\"> </span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span><span class=\"ls6\">50<span class=\"_ _3\"></span></span> dipendenti, <span class=\"ls16\">il</span> <span class=\"_ _e\"></span>Tratta<span class=\"_ _1\"></span>mento di <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>rapporto <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>un piano <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>benefici <span class=\"_ _3\"></span>definiti. <span class=\"_ _3\"></span>Tutti <span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>piani <span class=\"_ _3\"></span>a <span class=\"_ _3\"></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<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>finanziarie, \u00e8 <span class=\"_ _3\"></span>affidato <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>attuari professionisti <span class=\"_ _11\"></span>esterni. <span class=\"_ _11\"></span>Per <span class=\"_ _11\"></span>effetto <span class=\"_ _11\"></span>dell\u2019Emendamento <span class=\"_ _11\"></span>allo <span class=\"_ _6\"></span>IAS <span class=\"_ _e\"></span>19 <span class=\"_ _7\"> </span><span class=\"ff1f\">- <span class=\"_ _11\"></span><span class=\"ff24\">Benefici <span class=\"_ _6\"></span>ai <span class=\"_ _11\"></span>dipendenti <span class=\"_ _11\"></span></span><span class=\"ls2\">il</span> <span class=\"_ _11\"></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 l<span class=\"_ _3\"></span>avorativa e <span class=\"_ _e\"></span>gli 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=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o,<span class=\"_ _1\"></span> men<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>re <span class=\"ff22\">l\u2019<span class=\"_ _1\"></span>isc<span class=\"_ _2\"></span>rizi<span class=\"_ _2\"></span>one<span class=\"ff1f\"> de<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span> uti<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> e per<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span> attu<span class=\"_ _2\"></span>arial<span class=\"_ _1\"></span>i che<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>der<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>ano<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>dal<span class=\"_ _1\"></span>la <span class=\"ls7\">ri</span>-<span class=\"_ _2\"></span>misura<span class=\"_ _2\"></span>zion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _e\"></span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _3\"></span>e </span></span>delle attivit\u00e0 sono <span class=\"_ _1\"></span>rilevate n<span class=\"_ _1\"></span>el prospetto d<span class=\"_ _1\"></span>i conto economi<span class=\"_ _1\"></span>co complessivo<span class=\"_ _1\"></span>. 21. F<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>i r<span class=\"_ _2\"></span>ischi <span class=\"_ _2\"></span>ed one<span class=\"_ _2\"></span>ri I <span class=\"_ _e\"></span>fondi <span class=\"_ _3\"></span>rischi <span class=\"_ _e\"></span><span class=\"ls4\">ed</span> <span class=\"_ _3\"></span>oneri <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>iscritti <span class=\"_ _e\"></span><span class=\"ls16\">in</span> <span class=\"_ _e\"></span>bilancio <span class=\"_ _3\"></span>quando <span class=\"_ _e\"></span><span class=\"ls2\">il</span> <span class=\"_ _3\"></span>Gruppo <span class=\"_ _e\"></span><span class=\"ls6\">ha</span> <span class=\"_ _e\"></span>un\u2019obbligaz<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>egale <span class=\"_ _3\"></span>o <span class=\"_ _11\"></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=\"_ _5\"> </span>passato <span class=\"_ _4\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _5\"> </span>\u00e8 <span class=\"_ _5\"> </span>probabile <span class=\"_ _4\"> </span>che <span class=\"_ _5\"> </span>sar\u00e0 <span class=\"_ _5\"> </span>richiesto <span class=\"_ _4\"> </span>di <span class=\"_ _5\"> </span>adempiere <span class=\"_ _5\"> </span>all\u2019obbligazione. <span class=\"_ _5\"> </span>Gli accantonament<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>rilevati <span class=\"_ _3\"></span>sul<span class=\"ff22\">la <span class=\"_ _e\"></span>base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>miglior <span class=\"_ _e\"></span>stima <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>costi <span class=\"_ _e\"></span>richiesti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>adempiere <span class=\"_ _3\"></span>all\u2019obbligazione </span>alla data di bilanci<span class=\"_ _1\"></span>o, e sono att<span class=\"_ _1\"></span>ualizzati quando <span class=\"_ _1\"></span>l\u2019effett<span class=\"_ _1\"></span>o \u00e8 significativo. 22. De<span class=\"_ _1\"></span>bit<span class=\"_ _2\"></span>i ed<span class=\"_ _1\"></span> altr<span class=\"_ _2\"></span>e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _2\"></span>\u00e0 I <span class=\"_ _1\"></span>\u201cDebiti <span class=\"_ _2\"></span>e altre<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>passivit\u00e0\u201d <span class=\"_ _2\"></span>comprendono <span class=\"_ _2\"></span>i debi<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>comm<span class=\"_ _1\"></span>erciali, <span class=\"_ _2\"></span>i debiti<span class=\"ff1f\"> <span class=\"_ _2\"></span>fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>debiti vers<span class=\"_ _1\"></span>o ba<span class=\"_ _2\"></span>nche nonch\u00e9 </span>le altre passiv<span class=\"_ _1\"></span>it\u00e0. I <span class=\"_ _6\"></span>debiti <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>inizialmente <span class=\"_ _6\"></span>rilevati <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span><span class=\"ff24\">fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span></span>che <span class=\"_ _6\"></span>sostanzialmente <span class=\"_ _6\"></span>coincide <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>importi incassati <span class=\"_ _11\"></span>o <span class=\"_ _11\"></span>da <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>ncassare <span class=\"_ _e\"></span>al <span class=\"_ _6\"></span>netto <span class=\"_ _11\"></span>dei <span class=\"_ _11\"></span>costi <span class=\"_ _11\"></span>dell\u2019operazione. <span class=\"_ _11\"></span>Il <span class=\"_ _11\"></span>management <span class=\"_ _11\"></span>determin<span class=\"ff1f\">a <span class=\"_ _e\"></span><span class=\"ls2\">la</span> <span class=\"_ _e\"></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=\"_ _3\"></span>cr<span class=\"_ _3\"></span>iteri <span class=\"_ _3\"></span>definiti <span class=\"_ _3\"></span><span class=\"ff22\">dall\u2019<span class=\"_ _3\"></span>IFRS</span> 9 <span class=\"_ _3\"></span><span class=\"ff22\">e <span class=\"_ _11\"></span>ri<span class=\"_ _3\"></span>presi <span class=\"_ _e\"></span>dall\u2019IFRS <span class=\"_ _e\"></span>7 <span class=\"_ _11\"></span>al <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>omento <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>loro <span class=\"_ _11\"></span>prima </span>iscrizione. Successivamente <span class=\"_ _2\"></span>all\u2019iscrizione <span class=\"_ _2\"></span>iniziale, <span class=\"_ _2\"></span>i deb<span class=\"_ _1\"></span>iti <span class=\"_ _2\"></span>e le <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _2\"></span>sono va<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>utati <span class=\"_ _2\"></span>in rel<span class=\"_ _1\"></span>azione <span class=\"_ _2\"></span>alla lo<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>clas<span class=\"_ _3\"></span><span class=\"ff1f\">sificazione </span>all\u2019interno di una delle cate<span class=\"_ _1\"></span>gorie, definite dall\u2019 IFR<span class=\"_ _1\"></span>S 9. In particolare, il <span class=\"ff1f\">Gru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span><span class=\"ls6\">ha<span class=\"ls0\"> <span class=\"_ _2\"></span>cl<span class=\"_ _1\"></span>ass<span class=\"_ _2\"></span>ifica<span class=\"_ _1\"></span>to <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>prop<span class=\"_ _1\"></span>ri <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>iti <span class=\"_ _0\"></span>e </span></span></span>le<span class=\"ls0\"> <span class=\"_ _0\"></span>altre<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>ass<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _0\"></span>nell<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ria <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>el <span class=\"_ _0\"></span>co<span class=\"_ _1\"></span>sto<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>am<span class=\"_ _1\"></span>mor<span class=\"_ _2\"></span>tizza<span class=\"_ _2\"></span>to, <span class=\"_ _2\"></span>ad <span class=\"_ _2\"></span>eccezione <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>strumenti <span class=\"_ _2\"></span>derivati <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>quali <span class=\"_ _1\"></span>si <span class=\"_ _2\"></span>rinvia </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=\"_ _2\"></span>dallo s<span class=\"_ _1\"></span>trumento <span class=\"_ _2\"></span>finanziario. <span class=\"_ _2\"></span>Nel <span class=\"_ _1\"></span>caso <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>strumenti <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>scadenza <span class=\"_ _1\"></span>entro <span class=\"_ _2\"></span>i dod<span class=\"_ _1\"></span>ici <span class=\"_ _2\"></span>mesi \u00e8 <span class=\"_ _2\"></span>adottato <span class=\"_ _2\"></span>il va<span class=\"_ _1\"></span>lore nominale come app<span class=\"_ _1\"></span>rossimazione<span class=\"_ _1\"></span> del costo ammo<span class=\"_ _1\"></span>rtizzato. Qualora <span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>contratti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>finanziamento <span class=\"_ _0\"></span>prevedano <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span><span class=\"ff24\">cove<span class=\"_ _1\"></span>nants <span class=\"_ _2\"></span><span class=\"ff1f\">e <span class=\"_ _2\"></span><span class=\"ls49\">si<span class=\"ls0\"> <span class=\"_ _2\"></span>ver<span class=\"_ _1\"></span>ifichi <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>man<span class=\"_ _1\"></span>cato <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>ispetto degli <span class=\"_ _2\"></span>stessi, <span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>tale </span></span></span></span></span></span></span></span>situazione <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>venga <span class=\"_ _2\"></span>sanata <span class=\"_ _2\"></span>prima d<span class=\"_ _1\"></span>ella <span class=\"_ _2\"></span>chiusura <span class=\"_ _2\"></span><span class=\"ff22\">dell\u2019esercizio,<span class=\"ff1f\"> <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> quo<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>a <span class=\"_ _2\"></span>a lungo termine di <span class=\"_ _1\"></span>tale finanziamento </span></span></span></span>viene classific<span class=\"_ _1\"></span>ata come deb<span class=\"_ _1\"></span>ito corrente. I <span class=\"_ _3\"></span>debi<span class=\"_ _3\"></span>ti <span class=\"_ _e\"></span>denominati <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>valuta <span class=\"_ _e\"></span>estera <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>allineati <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>ca<span class=\"_ _1\"></span>mbio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>fine <span class=\"_ _3\"></span>esercizio <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>utili <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>perdite <span class=\"_ _3\"></span>derivanti dall\u2019adeguamento <span class=\"_ _1\"></span>sono imp<span class=\"_ _1\"></span>utati a conto e<span class=\"_ _1\"></span>conomico. 23. Pa<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span> co<span class=\"_ _2\"></span>ntratt<span class=\"_ _2\"></span>i di <span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>caz<span class=\"_ _2\"></span>ione Rappresentano <span class=\"ls16\">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 dovuti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls2\">il</span> <span class=\"_ _3\"></span>leasing <span class=\"_ _3\"></span>(aventi <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>superiore <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>dodici <span class=\"_ _3\"></span>mesi <span class=\"_ _3\"></span>ed un importo non d<span class=\"_ _1\"></span>i modesto valo<span class=\"_ _1\"></span>re), valutat<span class=\"_ _1\"></span>i alla data di<span class=\"_ _1\"></span> decorrenza d<span class=\"_ _1\"></span>el contrat<span class=\"_ _1\"></span>to e non ancora ve<span class=\"_ _1\"></span>rsati alla d<span class=\"_ _1\"></span>ata di bilancio. 24. St<span class=\"_ _2\"></span>rument<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri <span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vat<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> I <span class=\"_ _3\"></span>der<span class=\"_ _3\"></span>ivati <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>classif<span class=\"_ _1\"></span>icati <span class=\"_ _3\"></span>nella <span class=\"_ _e\"></span>categoria <span class=\"_ _e\"></span>\u201cDerivati <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>copertura\u201d <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>soddisfano <span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>requisiti <span class=\"_ _e\"></span>per<span class=\"ff1f\"> <span class=\"_ _3\"></span></span>l\u2019applicazione<span class=\"ff1f\"> </span>del c.<span class=\"_ _1\"></span>d. <span class=\"_ _1\"></span><span class=\"ff24\">hedge <span class=\"_ _2\"></span>accounting<span class=\"ff1f\">, a<span class=\"_ _1\"></span>ltrimenti, <span class=\"_ _2\"></span>pur essendo <span class=\"_ _2\"></span>effettuati <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ntento <span class=\"_ _2\"></span><span class=\"ff22\">di <span class=\"_ _3\"></span>gestione dell\u2019e<span class=\"_ _1\"></span>sposizione al rischio, </span></span></span>sono rilevati co<span class=\"_ _1\"></span>me \u201cDerivati non d<span class=\"_ _1\"></span>i copertura\u201d.<span class=\"ff1f\"> </span>Coerentemente <span class=\"_ _a\"> </span>con <span class=\"_ _a\"> </span>quanto<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>consentito <span class=\"_ _a\"> </span>dall\u2019IFRS <span class=\"_ _a\"> </span>9, <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>l <span class=\"_ _a\"> </span>Gruppo <span class=\"_ _a\"> </span>si <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _12\"> </span>avvals<span class=\"_ _1\"></span>o <span class=\"_ _a\"> </span>dell\u2019opzione <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>continuare <span class=\"_ _a\"> </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\u2019<span class=\"_ _3\"></span><span class=\"ff24\">hedge accounting <span class=\"_ _3\"></span><span class=\"ff1f\">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=\"_ _e\"></span>gli <span class=\"_ _e\"></span>strumenti <span class=\"_ _e\"></span>finanziari <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>contabilizza<span class=\"_ _1\"></span>ti <span class=\"_ _e\"></span>secondo <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>modalit\u00e0 <span class=\"_ _e\"></span>adottate <span class=\"_ _e\"></span>dal <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>l\u2019<span class=\"_ _e\"></span><span class=\"ff24\">hedge<span class=\"_ _2\"></span> </span>accounting<span class=\"ff1f\">, <span class=\"_ _11\"></span>solo <span class=\"_ _6\"></span>quando <span class=\"_ _11\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>relazione tra <span class=\"_ _3\"></span><span class=\"ls16\">il</span> <span class=\"_ _3\"></span>derivato <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span><span class=\"ff22\">l\u2019oggetto</span> <span class=\"_ _3\"></span>della copertura \u00e8 <span class=\"_ _e\"></span>formal<span class=\"_ _1\"></span>mente documentata <span class=\"_ _3\"></span>e </span>l\u2019efficacia de<span class=\"_ _1\"></span>lla copertura \u00e8<span class=\"_ _1\"></span> elevata (c.d. tes<span class=\"_ _1\"></span>t di efficac<span class=\"_ _1\"></span>ia).<span class=\"ff1f\"> </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>periodica<span class=\"_ _1\"></span>mente, 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=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>misurata <span class=\"_ _1\"></span>comparando <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>variazioni </span></span>di <span class=\"_ _3\"></span><span class=\"ff24\">fair <span class=\"_ _3\"></span>value </span>dello strumento <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>copertura con <span class=\"_ _3\"></span>quelle <span class=\"_ _11\"></span><span class=\"ff22\">de<span class=\"_ _1\"></span>ll\u2019e<span class=\"_ _2\"></span>leme<span class=\"_ _1\"></span>nto<span class=\"_ _2\"></span><span class=\"ff1f\"> <span class=\"_ _e\"></span>co<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>ert<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>(<span class=\"ff24\">dol<span class=\"_ _2\"></span>lar offse<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>meth<span class=\"_ _1\"></span>od<span class=\"_ _2\"></span><span class=\"ff1f\">) <span class=\"_ _3\"></span>per <span class=\"ls4d\">il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>tes<span class=\"_ _1\"></span>t <span class=\"_ _3\"></span><span class=\"ls1\">di</span> </span></span></span></span>eff<span class=\"_ _1\"></span>ica<span class=\"_ _2\"></span>cia re<span class=\"_ _2\"></span>trosp<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ttic<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>; <span class=\"ls16\">la<span class=\"_ _1\"></span><span class=\"ls0\"> meto<span class=\"_ _2\"></span>dolog<span class=\"_ _2\"></span>ia <span class=\"_ _3\"></span>applicata <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls2\">lo</span> <span class=\"_ _e\"></span>svolgimen<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>del t<span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>efficacia <span class=\"_ _e\"></span>prospettico prevede <span class=\"_ _e\"></span><span class=\"ls16\">la</span> </span></span>costruzione <span class=\"_ _12\"> </span>dei <span class=\"_ _12\"> </span><span class=\"ff24\">cash <span class=\"_ _12\"> </span>flow <span class=\"_ _6\"></span></span>scontati <span class=\"_ _7\"></span>aggregata <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>anno <span class=\"_ _7\"></span>dello <span class=\"_ _7\"></span>strumento <span class=\"_ _6\"></span>coperto <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>derivato <span class=\"_ _6\"></span>designato <span class=\"_ _7\"></span>a copertura (metodo<span class=\"_ _1\"></span> della regression<span class=\"_ _1\"></span>e). Quando <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>derivati <span class=\"_ _0\"></span>di <span class=\"_ _2\"></span>copertu<span class=\"_ _1\"></span>ra <span class=\"_ _2\"></span>coprono <span class=\"_ _0\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _0\"></span>rischio <span class=\"_ _2\"></span>di <span class=\"_ _0\"></span>variazione <span class=\"_ _0\"></span>del <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>va<span class=\"_ _1\"></span>lue <span class=\"_ _0\"></span><span class=\"ff1f\">degli <span class=\"_ _2\"></span>strumenti <span class=\"_ _2\"></span>og<span class=\"_ _1\"></span>getto <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>cop<span class=\"_ _1\"></span>ertura </span></span></span></span>(<span class=\"ff24\">fair value h<span class=\"_ _2\"></span>edge<span class=\"ff1f ls5\">),<span class=\"ls0\"> i der<span class=\"_ _1\"></span>ivati sono <span class=\"_ _2\"></span>rilevati <span class=\"ls4\">al</span> <span class=\"ff24\">fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff1f\">con impu<span class=\"_ _1\"></span>tazione degli <span class=\"_ _1\"></span>effetti a conto e<span class=\"_ _1\"></span>conomico. </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=\"_ _12\"> </span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _11\"></span>copertura <span class=\"_ _e\"></span>(cash flow hedge<span class=\"ff1f ls5\">),<span class=\"ls0\"> <span class=\"ls2\">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=\"ff1f\">dei <span class=\"_ _3\"></span>derivati <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _6\"></span>rilevata <span class=\"_ _e\"></span><span class=\"ls2\">tra</span> <span class=\"_ _6\"></span><span class=\"ls2\">le</span> <span class=\"_ _11\"></span>componenti <span class=\"_ _11\"></span>di <span class=\"_ _11\"></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=\"_ _e\"></span>di <span class=\"_\"> </span>coper<span class=\"_ _1\"></span>tura <span class=\"_ _12\"> </span>dei <span class=\"_\"> </span>flussi <span class=\"_ _12\"> </span>finanziari. <span class=\"_ _12\"> </span><span class=\"ls8\">La</span> <span class=\"_\"> </span>parte <span class=\"_ _12\"> </span>inefficace delle <span class=\"_ _e\"></span>variazioni <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _3\"></span></span>dello<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>strumento<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>finanziario <span class=\"_ _2\"></span>derivato<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>viene <span class=\"_ _2\"></span>rilevata <span class=\"_ _2\"></span>immediata<span class=\"_ _1\"></span>mente <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>risultato d\u2019esercizio. <span class=\"_ _2\"></span>Qua<span class=\"_ _1\"></span>lora <span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span><span class=\"ff1f\">strumento <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>rivato <span class=\"_ _2\"></span>sia <span class=\"_ _2\"></span>cedu<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>qual<span class=\"_ _1\"></span>ifichi <span class=\"_ _2\"></span>pi\u00f9 <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>fficace <span class=\"_ _2\"></span>copert<span class=\"_ _1\"></span>ura <span class=\"_ _6\"></span>dal <span class=\"_ _2\"></span>rischio </span>a <span class=\"_ _12\"> </span>front<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>d<span class=\"_ _1\"></span>el <span class=\"_ _a\"> </span>quale <span class=\"_ _12\"> </span>l\u2019oper<span class=\"_ _1\"></span>azione <span class=\"_ _a\"> </span>era <span class=\"_ _a\"> </span>stata <span class=\"_ _12\"> </span>accesa, <span class=\"_ _a\"> </span>o <span class=\"_ _a\"> </span>il <span class=\"_ _12\"> </span>verificarsi<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>della <span class=\"_ _12\"> </span>operazio<span class=\"_ _1\"></span>ne <span class=\"_ _12\"> </span>so<span class=\"_ _1\"></span>ttostante <span class=\"_ _a\"> </span>non <span class=\"_ _12\"> </span>s<span class=\"_ _1\"></span>ia <span class=\"_ _a\"> </span>pi\u00f9 considerata <span class=\"_ _3\"></span>altamente <span class=\"_ _e\"></span>probabile, <span class=\"_ _3\"></span>la <span class=\"_ _e\"></span>quota <span class=\"_ _e\"></span>della <span class=\"_ _3\"></span>riserva <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span><span class=\"ff24\">cash <span class=\"_ _e\"></span>flow <span class=\"_ _e\"></span>hedge <span class=\"_ _3\"></span></span>a <span class=\"_ _e\"></span>es<span class=\"_ _3\"></span>so <span class=\"_ _3\"></span>relativa <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>immediata<span class=\"_ _1\"></span>mente riversata a conto <span class=\"_ _1\"></span>economic<span class=\"_ _1\"></span>o. Indipendentemente <span class=\"_ _11\"></span>dal <span class=\"_ _11\"></span>tipo <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>classificazione <span class=\"_ _11\"></span>gli <span class=\"_ _6\"></span>strumenti <span class=\"_ _11\"></span>derivati <span class=\"_ _11\"></span>sono <span class=\"_ _6\"></span>valutati <span class=\"_ _11\"></span>al <span class=\"_ _7\"></span><span class=\"ff24\">fair <span class=\"_ _6\"></span>value</span>, <span class=\"_ _11\"></span>determinato<span class=\"_ _1\"></span> mediante <span class=\"_ _a\"></span>tecniche <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>valutazione <span class=\"_ _a\"> </span>basa<span class=\"_ _1\"></span>te <span class=\"_ _a\"> </span>su <span class=\"_ _a\"> </span>dati <span class=\"_ _a\"></span>di <span class=\"_ _7\"></span>m<span class=\"_ _3\"></span>ercato, <span class=\"_ _a\"> </span>quali, <span class=\"_ _7\"></span>fra <span class=\"_ _a\"> </span>le <span class=\"_ _a\"> </span>altre, <span class=\"_ _6\"></span><span class=\"ls2\">il</span> <span class=\"_ _11\"></span><span class=\"ff24\">discounted <span class=\"_ _11\"></span>cash <span class=\"_ _11\"></span>flow</span>, <span class=\"_ _11\"></span><span class=\"ls16\">la</span> metodologia <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>assi <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>cambio <span class=\"_ _2\"></span><span class=\"ff24\">forward<span class=\"ff1f\">, <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _0\"></span>formula <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>Black- Scholes e sue ev<span class=\"_ _1\"></span>oluzioni). </span></span></span></span></span></span></span></span>In<span class=\"ls0\"> <span class=\"_ _11\"></span>par<span class=\"_ _1\"></span>tico<span class=\"_ _2\"></span>lare,<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>tale<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>dete<span class=\"_ _1\"></span>rmin<span class=\"_ _2\"></span>ato <span class=\"_ _e\"></span>avv<span class=\"_ _2\"></span>alend<span class=\"_ _1\"></span>os<span class=\"_ _2\"></span>i <span class=\"_ _11\"></span><span class=\"ls6\">di</span> <span class=\"_ _11\"></span>app<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>iti <span class=\"_ _e\"></span>str<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls6\">di</span> <span class=\"_ _11\"></span><span class=\"ff24\">pric<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>g <span class=\"_ _11\"></span><span class=\"ff1f\">alime<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>ati <span class=\"_ _6\"></span>sulla <span class=\"_ _11\"></span>base <span class=\"_ _11\"></span>dei </span></span></span>parametri <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>mercato <span class=\"_ _3\"></span>(i.e. <span class=\"_ _3\"></span>tassi<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>interesse, <span class=\"_ _3\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _e\"></span>camb<span class=\"_ _1\"></span>io <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>volatilit\u00e0), <span class=\"_ _3\"></span>rilevati <span class=\"_ _e\"></span>alle <span class=\"_ _e\"></span>singole <span class=\"_ _e\"></span>date <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>valutazione <span class=\"_ _e\"></span>e confrontati con quan<span class=\"_ _1\"></span>to comunicato d<span class=\"_ _1\"></span>alle contropa<span class=\"_ _1\"></span>rti. 25. U<span class=\"_ _2\"></span>tiliz<span class=\"_ _2\"></span>zo di<span class=\"_ _1\"></span> s<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>me La<span class=\"ls0\"> <span class=\"_ _e\"></span>redazione <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>bilancio <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>delle <span class=\"_ _e\"></span>relati<span class=\"_ _1\"></span>ve <span class=\"_ _e\"></span>note <span class=\"_ _e\"></span>esplica<span class=\"_ _1\"></span>tive <span class=\"_ _e\"></span><span class=\"ls16\">in</span> <span class=\"_ _e\"></span>applicazione <span class=\"_ _3\"></span>degli <span class=\"_ _e\"></span>IFRS <span class=\"_ _e\"></span>richiede <span class=\"_ _6\"></span>da <span class=\"_ _11\"></span>parte <span class=\"_ _e\"></span>della </span>Societ\u00e0 <span class=\"ls2\">il</span> ricorso a stime e assunzioni che hanno effetto sui valori delle attivit\u00e0 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>delle <span class=\"_ _11\"></span>passivit\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>bilancio <span class=\"_ _e\"></span>e sull\u2019informativa <span class=\"_ _0\"></span>relativa <span class=\"_ _2\"></span>ad <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _2\"></span>potenziali <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ata <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span><span class=\"ff1f\">bilancio. <span class=\"_ _2\"></span>Le <span class=\"_ _2\"></span>stime <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>assunzioni <span class=\"_ _2\"></span>utilizzate<span class=\"_ _1\"></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=\"_ _2\"></span> pertanto <span class=\"_ _2\"></span>differire <span class=\"_ _1\"></span>da <span class=\"_ _2\"></span>tali <span class=\"_ _2\"></span>stime. Le <span class=\"_ _2\"></span>stime <span class=\"_ _2\"></span>riguardano <span class=\"_ _2\"></span>principalmente <span class=\"_ _2\"></span>gli a<span class=\"_ _1\"></span>ccantonam<span class=\"_ _1\"></span>enti <span class=\"_ _2\"></span>per rischi <span class=\"_ _2\"></span>su c<span class=\"_ _1\"></span>rediti, <span class=\"_ _2\"></span>per obsolescenza <span class=\"_ _f\"> </span>magazzino, <span class=\"_ _16\"> </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=\"_ _16\"> </span><span class=\"ls2\">le</span> svalutazioni <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>attivo, <span class=\"_ _2\"></span>imposte, <span class=\"_ _2\"></span>fondi <span class=\"_ _1\"></span>rischi <span class=\"_ _2\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _2\"></span>oneri <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _1\"></span>potenzial<span class=\"_ _1\"></span>i. L<span class=\"_ _1\"></span>e st<span class=\"_ _1\"></span>ime <span class=\"_ _1\"></span>e le<span class=\"_ _1\"></span> assunz<span class=\"_ _1\"></span>ioni <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>riviste </span></span></span></span>periodicamente <span class=\"_ _1\"></span>e gli <span class=\"_ _1\"></span>effetti <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> ogni <span class=\"_ _1\"></span>variazione <span class=\"_ _2\"></span>ad esse apportata <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>riflessi a <span class=\"_ _2\"></span>conto econo<span class=\"_ _1\"></span>mico <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>periodo <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> </span></span>cui <span class=\"_ _a\"> </span>avviene <span class=\"_ _7\"></span><span class=\"ls16\">la<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>revision<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>di <span class=\"_ _7\"></span>st<span class=\"_ _3\"></span>ima <span class=\"_ _7\"></span>se<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>la <span class=\"_ _6\"></span>revisione <span class=\"_ _11\"></span>stessa <span class=\"_ _11\"></span>ha <span class=\"_ _11\"></span>effetti <span class=\"_ _6\"></span>solo <span class=\"_ _e\"></span><span class=\"ls33\">su</span> <span class=\"_ _6\"></span>tale <span class=\"_ _11\"></span>periodo, <span class=\"_ _6\"></span>o <span class=\"_ _11\"></span>anche <span class=\"_ _11\"></span>nei <span class=\"_ _6\"></span>periodi successivi <span class=\"_ _2\"></span><span class=\"ls33\">se<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ls16\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>revisione h<span class=\"_ _1\"></span>a effetti sia<span class=\"_ _1\"></span> <span class=\"ff22\">sull\u2019esercizio cor<span class=\"_ _1\"></span>rente, sia su que<span class=\"_ _1\"></span>lli futuri.<span class=\"ff1f\"> </span></span></span></span></span></span>Come <span class=\"_\"> </span>richi<span class=\"_ _1\"></span>esto <span class=\"_\"> </span>d<span class=\"_ _1\"></span>alle <span class=\"_ _12\"> </span>linee <span class=\"_\"> </span>guida <span class=\"_ _12\"> </span>e <span class=\"_\"> </span>dagli <span class=\"_ _12\"> </span>orientamenti <span class=\"_\"> </span>pr<span class=\"_ _1\"></span>esenti <span class=\"_ _12\"> </span>nei <span class=\"_\"> </span>documen<span class=\"_ _1\"></span>ti <span class=\"_\"> </span>pubblicat<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>da <span class=\"_ _11\"></span>CONSOB <span class=\"_ _e\"></span>e ESMA, alla <span class=\"_ _2\"></span>luce della s<span class=\"_ _1\"></span>ituazione <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> inc<span class=\"_ _1\"></span>ertezza <span class=\"_ _2\"></span>cons<span class=\"_ _3\"></span>eguente i<span class=\"_ _1\"></span>l confl<span class=\"_ _1\"></span>itto in <span class=\"_ _1\"></span>Ucra<span class=\"_ _1\"></span>ina, si r<span class=\"_ _1\"></span>icorda che<span class=\"_ _2\"></span> le stime a<span class=\"_ _1\"></span>l 31<span class=\"_ _1\"></span> dicembre <span class=\"_ _11\"></span>2022 <span class=\"_ _6\"></span>(cos\u00ec <span class=\"_ _11\"></span>come <span class=\"_ _11\"></span>quelle <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>2021) <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>state <span class=\"_ _6\"></span>effettuate <span class=\"_ _11\"></span>basandosi <span class=\"_ _11\"></span>su <span class=\"_ _6\"></span>assunzioni <span class=\"_ _11\"></span>relative <span class=\"_ _11\"></span>al <span class=\"_ _6\"></span>futuro caratterizzate <span class=\"_ _2\"></span>da un <span class=\"_ _1\"></span>rilevan<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>grado d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> in<span class=\"_ _1\"></span>certezza <span class=\"_ _2\"></span>(come <span class=\"_ _1\"></span>anche co<span class=\"_ _1\"></span>mmentato <span class=\"_ _2\"></span>alla Nota <span class=\"_ _2\"></span>18 \u201cAttivit\u00e0 <span class=\"_ _2\"></span>immateriali\u201d della <span class=\"_ _e\"></span>presente <span class=\"_ _e\"></span>relazione <span class=\"_ _e\"></span>finanziaria <span class=\"_ _e\"></span>annuale <span class=\"_ _3\"></span>cui<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>rimanda). <span class=\"_ _e\"></span>Pertanto, <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>pu\u00f2 <span class=\"_ _e\"></span>escludere <span class=\"_ _e\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>nei prossimi esercizi, <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>concretizzarsi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>risultati<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>diversi <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>stime <span class=\"_ _1\"></span>effettuate <span class=\"_ _2\"></span>per il bilancio al 31 dicem<span class=\"_ _1\"></span>bre 2022, si </span></span>possano rende<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>e neces<span class=\"_ _1\"></span>sarie ret<span class=\"_ _1\"></span>tifiche anche <span class=\"_ _2\"></span>significative ai v<span class=\"_ _2\"></span>al<span class=\"_ _3\"></span>ori di <span class=\"_ _1\"></span>bilanc<span class=\"_ _1\"></span>io ogget<span class=\"_ _1\"></span>to di <span class=\"_ _1\"></span>valutazione, <span class=\"_ _2\"></span>tra i qual<span class=\"_ _1\"></span>i si evidenz<span class=\"_ _1\"></span>iano gl<span class=\"_ _1\"></span>i avvi<span class=\"_ _1\"></span>amenti, <span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>e al<span class=\"_ _1\"></span>tre att<span class=\"_ _1\"></span>ivit\u00e0 i<span class=\"_ _1\"></span>mmateriali <span class=\"_ _2\"></span>a vita u<span class=\"_ _1\"></span>tile inde<span class=\"_ _1\"></span>finita, n<span class=\"_ _1\"></span>onch\u00e9 <span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>e impos<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>e ant<span class=\"_ _1\"></span>icipate <span class=\"_ _1\"></span>e la stima sulla rec<span class=\"_ _1\"></span>uperabilit\u00e0 dei c<span class=\"_ _1\"></span>rediti. A <span class=\"_ _a\"> </span>tale <span class=\"_ _12\"> </span>riguardo, <span class=\"_ _a\"> </span>con <span class=\"_ _a\"> </span>riferimento <span class=\"_ _a\"> </span>all\u2019avviamen<span class=\"_ _1\"></span>to <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>ai <span class=\"_ _a\"> </span>marchi <span class=\"_ _12\"> </span><span class=\"ls4\">e <span class=\"_ _a\"> </span></span>testate <span class=\"_ _a\"> </span>sono <span class=\"_ _a\"> </span>state <span class=\"_ _a\"> </span>svolte <span class=\"_ _12\"> </span>alcune <span class=\"_ _a\"> </span>analisi <span class=\"_ _a\"> </span>di sensitivit\u00e0 ripor<span class=\"_ _1\"></span>tate nella N<span class=\"_ _1\"></span>ota 18 \u201cAttivit<span class=\"_ _1\"></span>\u00e0 immateria<span class=\"_ _1\"></span>li\u201d. Descrizione d<span class=\"_ _1\"></span>egli i<span class=\"_ _1\"></span>mpatti a <span class=\"_ _2\"></span>seguito del conf<span class=\"_ _1\"></span>litto in <span class=\"_ _1\"></span>Ucraina <span class=\"_ _2\"></span>(D<span class=\"_ _3\"></span>ocumento ES<span class=\"_ _1\"></span>MA n. <span class=\"_ _2\"></span>32-63-1277 del 1<span class=\"_ _1\"></span>3/05/2022 ripreso da <span class=\"_ _3\"></span>CONSOB<span class=\"_ _1\"></span> con <span class=\"_ _3\"></span>richiamo di <span class=\"_ _3\"></span>attenzione n.3/22 del <span class=\"_ _3\"></span>19/05/2022<span class=\"_ _1\"></span> e <span class=\"_ _3\"></span>successivo richiamo dell\u2019ESMA nel Public <span class=\"_ _1\"></span>Statement<span class=\"_ _1\"></span> \u201c<span class=\"ff24\">Eur<span class=\"_ _2\"></span>opean common <span class=\"_ _2\"></span>enforcement <span class=\"_ _1\"></span>priori<span class=\"_ _1\"></span>ties f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>2022 <span class=\"_ _2\"></span>annual f<span class=\"_ _1\"></span>inancial <span class=\"_ _2\"></span>reports<span class=\"_ _3\"></span><span class=\"ff22\">\u201d <span class=\"_ _2\"></span>del 28 <span class=\"_ _2\"></span>ottobre </span></span>2022) A <span class=\"_ _11\"></span>partire <span class=\"_ _6\"></span>da <span class=\"_ _11\"></span>fine <span class=\"_ _6\"></span>febbraio <span class=\"_ _e\"></span>2022 <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>conflitto <span class=\"_ _11\"></span>scoppiato <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>Ucrai<span class=\"_ _3\"></span>na <span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>le <span class=\"_ _6\"></span>sue <span class=\"_ _11\"></span>conseguenze, <span class=\"_ _11\"></span>anche <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _11\"></span>termini <span class=\"_ _6\"></span>di sanzioni <span class=\"_ _3\"></span>economiche <span class=\"_ _3\"></span>applicate alla <span class=\"_ _3\"></span>Russia <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>impatti sull\u2019<span class=\"_ _3\"></span>econom<span class=\"_ _1\"></span>ia <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>scambi, in <span class=\"_ _e\"></span>particolare sulle <span class=\"_ _3\"></span>filiere energetiche, <span class=\"_ _3\"></span>produttive <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>logistiche, <span class=\"_ _3\"></span>stanno <span class=\"_ _3\"></span>determinando <span class=\"_ _3\"></span>una <span class=\"_ _e\"></span>situazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>generale <span class=\"_ _3\"></span>significativa <span class=\"_ _e\"></span>incertezza. Il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>presenta <span class=\"_ _e\"></span>una <span class=\"_ _e\"></span>esposizione <span class=\"_ _e\"></span>diretta <span class=\"_ _e\"></span>e/o <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _e\"></span>commerciali <span class=\"_ _e\"></span>nei <span class=\"_ _e\"></span>confronti <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>mercati <span class=\"_ _e\"></span>colpiti <span class=\"_ _e\"></span>dal conflitto <span class=\"_ _2\"></span>e/o <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>soggetti <span class=\"_ _2\"></span>sanzionati. <span class=\"_ _2\"></span>L\u2019attuale <span class=\"_ _2\"></span>situazi<span class=\"_ _1\"></span>one <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>accentuato <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>spinte <span class=\"_ _2\"></span>inflative <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>dinamica <span class=\"_ _2\"></span>crescente<span class=\"_ _1\"></span> dei <span class=\"_ _16\"> </span>costi <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>diversi <span class=\"_ _16\"> </span>fattori <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>produzione <span class=\"_ _16\"> </span>gi\u00e0 <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>corso <span class=\"_ _16\"> </span>dal <span class=\"_ _16\"> </span>2021 <span class=\"_ _16\"> </span>ed <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>alcuni <span class=\"_ _16\"> </span>casi <span class=\"_ _16\"> </span>anche <span class=\"_ _16\"> </span>difficolt\u00e0 <span class=\"_ _16\"> </span>di approvvigioname<span class=\"_ _1\"></span>nto <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>qui<span class=\"_ _1\"></span>ndi <span class=\"_ _a\"> </span>nei <span class=\"_ _12\"> </span>proc<span class=\"_ _1\"></span>essi <span class=\"_ _a\"> </span>produttivi <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span>diversi <span class=\"_ _a\"> </span>se<span class=\"_ _3\"></span>ttori. <span class=\"_ _a\"> </span>Con <span class=\"_ _a\"> </span>riferimento <span class=\"_ _a\"> </span>al <span class=\"_ _a\"> </span>Gruppo, <span class=\"_ _12\"> </span>tale contesto <span class=\"_ _12\"> </span>economico <span class=\"_ _a\"> </span>ha <span class=\"_ _12\"> </span>riflessi <span class=\"_ _12\"> </span>sui <span class=\"_ _12\"> </span>costi <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>p<span class=\"_ _1\"></span>roduzione, <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>n <span class=\"_ _12\"> </span>particolare <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>carta, <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>pu\u00f2 <span class=\"_ _12\"> </span>influire <span class=\"_ _12\"> </span>anche sull\u2019andamento <span class=\"_ _2\"></span>del mercato<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>pubblicitario, <span class=\"_ _2\"></span>potendo inci<span class=\"_ _1\"></span>dere su<span class=\"_ _1\"></span>lla <span class=\"_ _1\"></span>propensione <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>spesa d<span class=\"_ _2\"></span>egli inserzionis<span class=\"_ _1\"></span>ti. <span class=\"_ _1\"></span>Lo sviluppo <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>situazione <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>suoi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>potenziali <span class=\"_ _6\"></span>effetti <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>evoluzione <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>gestione, <span class=\"_ _11\"></span>che <span class=\"_ _7\"></span>saranno <span class=\"_ _6\"></span>ogge<span class=\"_ _3\"></span>tto <span class=\"_ _6\"></span>di costante monitoragg<span class=\"ff22\">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 m<span class=\"_ _3\"></span>omento ancora <span class=\"_ _3\"></span>prevedibili <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>quanto </span>dipendono, <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span>l\u2019altro <span class=\"_ _2\"></span>dall\u2019evoluz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>durata <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>conflitto <span class=\"_ _2\"></span>in U<span class=\"_ _2\"></span>craina, <span class=\"_ _2\"></span>dalle <span class=\"_ _2\"></span>sanzioni <span class=\"_ _2\"></span>economiche <span class=\"_ _2\"></span>nei <span class=\"_ _2\"></span>confronti della Russia e <span class=\"_ _3\"></span>dei suoi effetti geopolitici e dall\u2019eff<span class=\"ff1f\">icacia delle mi<span class=\"_ _3\"></span>sure pubbliche, anche economiche, che sono </span>state e saranno i<span class=\"_ _1\"></span>mplementate. Di <span class=\"_ _e\"></span>seguito <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>riepilog<span class=\"_ _1\"></span>ati <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>processi <span class=\"_ _e\"></span>critici <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>valutazione <span class=\"_ _e\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>assunzioni <span class=\"_ _e\"></span>chiave <span class=\"_ _3\"></span>utilizzate <span class=\"_ _e\"></span>dal <span class=\"_ _e\"></span>management nel <span class=\"_ _e\"></span>proce<span class=\"_ _1\"></span>sso <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>applicazion<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>principi <span class=\"_ _3\"></span>contabili <span class=\"_ _3\"></span>riguardo <span class=\"_ _e\"></span><span class=\"ls3\">al</span> <span class=\"_ _e\"></span>futuro <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>possono <span class=\"_ _3\"></span>ave<span class=\"_ _3\"></span>re <span class=\"_ _e\"></span>effetti <span class=\"_ _3\"></span>significativi sui <span class=\"_ _11\"></span>valori <span class=\"_ _e\"></span>r<span class=\"_ _3\"></span>ilevati <span class=\"_ _e\"></span>nel <span class=\"_ _11\"></span>bilancio <span class=\"_ _11\"></span>consolidato <span class=\"_ _e\"></span>o <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>le <span class=\"_ _11\"></span>quali <span class=\"_ _11\"></span>esiste <span class=\"_ _11\"></span>il <span class=\"_ _11\"></span>rischio <span class=\"_ _11\"></span>che <span class=\"_ _11\"></span>possano <span class=\"_ _11\"></span>emerg<span class=\"_ _3\"></span>ere <span class=\"_ _e\"></span>r<span class=\"_ _3\"></span>ettifiche <span class=\"_ _e\"></span>di valore <span class=\"_ _2\"></span>significative <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _1\"></span>nell\u2019eserc<span class=\"_ _1\"></span>izio <span class=\"_ _2\"></span>successivo <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>quello <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>riferimento<span class=\"_ _1\"></span> del bilancio. De<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span>del va<span class=\"_ _2\"></span>lore re<span class=\"_ _2\"></span>cuper<span class=\"_ _2\"></span>abile <span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>lle<span class=\"_ _2\"></span> attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span> no<span class=\"_ _1\"></span>n c<span class=\"_ _2\"></span>orrent<span class=\"_ _2\"></span>i Il<span class=\"ls0\"> <span class=\"_ _6\"></span>Grupp<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>rived<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>per<span class=\"_ _1\"></span>iod<span class=\"_ _2\"></span>icame<span class=\"_ _2\"></span>nte <span class=\"_ _6\"></span><span class=\"ls16\">il</span> <span class=\"_ _6\"></span>valo<span class=\"_ _1\"></span>re <span class=\"_ _11\"></span>conta<span class=\"_ _1\"></span>bi<span class=\"_ _2\"></span>le <span class=\"_ _6\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>att<span class=\"_ _1\"></span>ivi<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _6\"></span>imma<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>anc<span class=\"_ _2\"></span>he <span class=\"_ _6\"></span><span class=\"ls16\">in</span> <span class=\"_ _6\"></span>assen<span class=\"_ _1\"></span>za <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>segnali <span class=\"_ _6\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> </span>impairment, <span class=\"_ _a\"></span>per <span class=\"_ _7\"></span>accertare <span class=\"_ _a\"></span>che <span class=\"_ _7\"></span>siano <span class=\"_ _a\"> </span>iscritte <span class=\"_ _a\"> </span><span class=\"ls4\">ad</span> <span class=\"_ _a\"></span>un <span class=\"_ _7\"></span>valore <span class=\"_ _a\"> </span>non <span class=\"_ _a\"> </span>superior<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>a <span class=\"_ _a\"></span>quello <span class=\"_ _12\"> </span>recup<span class=\"_ _1\"></span>erabile. <span class=\"_ _6\"></span>Quando <span class=\"_ _6\"></span><span class=\"ls49\">si</span> evidenziano <span class=\"_ _e\"></span>indicato<span class=\"_ _1\"></span>ri <span class=\"_ _e\"></span><span class=\"ls6\">di</span> <span class=\"_ _11\"></span>svalutazione <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>inoltre <span class=\"_ _e\"></span>tempestivamente <span class=\"_ _7\"></span>rivisti <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>valori <span class=\"_ _a\"></span>di <span class=\"_ _6\"></span>carico <span class=\"_ _a\"> </span>di <span class=\"_ _6\"></span>immobili <span class=\"_ _7\"></span>e impianti. Pi\u00f9 <span class=\"_ _1\"></span>precisa<span class=\"_ _1\"></span>mente <span class=\"_ _1\"></span>gli avviam<span class=\"_ _1\"></span>enti rela<span class=\"_ _1\"></span>tivi alle <span class=\"ff24\">cash <span class=\"_ _1\"></span>generating <span class=\"_ _2\"></span>unit <span class=\"ff1f\">e le attivi<span class=\"_ _1\"></span>t\u00e0 imma<span class=\"_ _1\"></span>teriali a v<span class=\"_ _1\"></span>ita ut<span class=\"_ _1\"></span>ile </span></span>indefinita vengono v<span class=\"_ _2\"></span>al<span class=\"_ _3\"></span>utati con ca<span class=\"_ _1\"></span>denza almeno an<span class=\"_ _1\"></span>nuale anch<span class=\"_ _1\"></span>e in assenz<span class=\"_ _1\"></span>a di indicatori di <span class=\"ff24\">impairment. </span>Il <span class=\"_ _a\"> </span>valore <span class=\"_ _a\"> </span>recuperabi<span class=\"_ _1\"></span>le <span class=\"_ _a\"> </span>degli <span class=\"_ _a\"> </span>avviamen<span class=\"_ _1\"></span>ti <span class=\"_ _a\"> </span>definito <span class=\"_ _a\"> </span>da <span class=\"_ _a\"></span>c<span class=\"_ _1\"></span>iascun <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>mpairme<span class=\"_ _1\"></span>nt <span class=\"_ _a\"> </span>test <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"> </span>sensibile <span class=\"_ _a\"> </span>a <span class=\"_ _a\"> </span>variaz<span class=\"_ _1\"></span>ioni <span class=\"_ _a\"> </span>delle assunzioni <span class=\"_ _a\"> </span>utilizzate <span class=\"_ _a\"> </span>quali <span class=\"_ _a\"> </span>il <span class=\"_ _a\"> </span>tasso <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>crescita <span class=\"_ _a\"> </span>dei <span class=\"_ _a\"> </span>ricavi, <span class=\"_ _a\"> </span>le <span class=\"_ _a\"> </span>variazioni <span class=\"_ _a\"> </span>dell\u2019EBITDA<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>previste, <span class=\"_ _a\"> </span>i <span class=\"_ _a\"> </span>parametri valutativi, <span class=\"_ _a\"></span>rife<span class=\"_ _1\"></span>riti <span class=\"_ _a\"> </span>al <span class=\"_ _7\"></span>t<span class=\"_ _3\"></span>asso <span class=\"_ _a\"></span>di <span class=\"_ _a\"> </span>at<span class=\"_ _1\"></span>tualizzazione <span class=\"_ _7\"></span>(WACC) <span class=\"_ _a\"> </span>ed <span class=\"_ _a\"> </span>alla <span class=\"_ _6\"></span>costanza <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>proiezioni <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>oltre <span class=\"_ _6\"></span><span class=\"ls2\">il</span> periodo <span class=\"ls6\">di<span class=\"_ _3\"></span></span> piano <span class=\"ls5\">(g</span> uguale a zero, <span class=\"ls2\">in</span> termini <span class=\"_ _e\"></span>nom<span class=\"_ _1\"></span>inali). <span class=\"_ _3\"></span>Il <span class=\"_ _3\"></span>WACC <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>sua <span class=\"_ _3\"></span>volta <span class=\"_ _e\"></span>sensibile <span class=\"_ _3\"></span>alle <span class=\"_ _e\"></span>variazioni <span class=\"_ _3\"></span>delle proprie componen<span class=\"_ _1\"></span>ti, tra cui il risk f<span class=\"_ _1\"></span>ree rate che sinte<span class=\"_ _1\"></span>tizza il rischio <span class=\"_ _1\"></span>paese. Fo<span class=\"_ _1\"></span>ndo<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>sv<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>ione <span class=\"_ _2\"></span>cre<span class=\"_ _2\"></span>diti Il <span class=\"_ _3\"></span>fondo <span class=\"_ _e\"></span>svaluta<span class=\"_ _1\"></span>zione <span class=\"_ _3\"></span>crediti <span class=\"_ _3\"></span>riflette <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>stima <span class=\"_ _e\"></span>del management <span class=\"_ _3\"></span>circa <span class=\"_ _3\"></span>le <span class=\"_ _e\"></span>perdite relative <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>portafogl<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> di <span class=\"_ _2\"></span>crediti verso <span class=\"_ _0\"></span><span class=\"ls16\">la<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>clientela <span class=\"_ _0\"></span>finale. <span class=\"_ _0\"></span><span class=\"ls8\">La<span class=\"ls0\"> <span class=\"_ _2\"></span>stima <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _0\"></span>svalutazione <span class=\"_ _0\"></span>crediti <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _2\"></span>basa<span class=\"_ _1\"></span>ta <span class=\"_ _2\"></span>sulle <span class=\"_ _1\"></span>perd<span class=\"_ _1\"></span>ite <span class=\"_ _2\"></span>attese <span class=\"_ _2\"></span>da pa<span class=\"_ _1\"></span>rte <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Gruppo, </span></span></span></span>determinate in <span class=\"_ _1\"></span>funzione del<span class=\"_ _1\"></span>l\u2019esperienza p<span class=\"_ _1\"></span>assata <span class=\"_ _a\"> </span>per crediti simili, d<span class=\"_ _1\"></span>egli scaduti <span class=\"_ _1\"></span>correnti e stor<span class=\"_ _1\"></span>ici, delle perdi<span class=\"_ _1\"></span>te e degli incassi, dei model<span class=\"_ _1\"></span>li previsionali delle perd<span class=\"_ _1\"></span>ite attese, dell\u2019at<span class=\"_ _1\"></span>tento monitorag<span class=\"_ _1\"></span>gio della qualit\u00e0 del c<span class=\"_ _1\"></span>redito e delle proiezion<span class=\"_ _1\"></span>i circa le c<span class=\"_ _1\"></span>ondizioni econo<span class=\"_ _1\"></span>miche e di <span class=\"_ _1\"></span>mercato. E\u2019 <span class=\"_ _6\"></span>comun<span class=\"ff1f\">que <span class=\"_ _11\"></span>possibile <span class=\"_ _6\"></span>che <span class=\"_ _11\"></span>il <span class=\"_ _6\"></span>perdurare <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>fattori <span class=\"_ _11\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>incertezza <span class=\"_ _6\"></span>sullo <span class=\"_ _11\"></span>scenario <span class=\"_ _6\"></span>economico <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>breve <span class=\"_ _6\"></span>e <span class=\"_ _11\"></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=\"_ _4\"> </span>stata <span class=\"_ _4\"> </span>conseguenza, <span class=\"_ _4\"> </span>possano<span class=\"_ _1\"></span> <span class=\"_ _4\"> </span>comportare <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>ulteriore deterioramento <span class=\"_ _5\"> </span>delle <span class=\"_ _5\"> </span>condiz<span class=\"_ _1\"></span>ioni <span class=\"_ _5\"> </span>finanziarie <span class=\"_ _5\"> </span>dei <span class=\"_ _5\"> </span>debitori <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>Gruppo <span class=\"_ _15\"> </span>rispetto <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>quanto <span class=\"_ _15\"> </span>gi\u00e0 <span class=\"_ _17\"> </span>preso <span class=\"_ _15\"> </span>in considerazione nel<span class=\"_ _1\"></span>la quantificazi<span class=\"_ _1\"></span>one dei fond<span class=\"_ _1\"></span>i iscritti in bil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>o.<span class=\"_ _2\"></span> Impo<span class=\"_ _2\"></span>ste <span class=\"_ _1\"></span>ant<span class=\"_ _2\"></span>icipa<span class=\"_ _1\"></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=\"ls2\">in</span> cui <span class=\"_ _3\"></span><span class=\"ls49\">si<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>ritenga probabile che <span class=\"_ _3\"></span>vi <span class=\"_ _3\"></span>saranno <span class=\"_ _11\"></span>risultati <span class=\"_ _11\"></span>fiscali </span>imponibili <span class=\"_ _e\"></span>in <span class=\"_ _11\"></span>futuro <span class=\"_ _e\"></span>che <span class=\"_ _11\"></span>consentano <span class=\"_ _e\"></span>l\u2019utilizzo <span class=\"_ _11\"></span>delle <span class=\"_ _e\"></span>differenze <span class=\"_ _11\"></span>temporanee <span class=\"_ _e\"></span>deducibili. <span class=\"_ _e\"></span>Il <span class=\"_ _11\"></span>valore <span class=\"_ _11\"></span>recuperabile<span class=\"_ _2\"></span> delle attivi<span class=\"_ _1\"></span>t\u00e0 fiscali d<span class=\"_ _1\"></span>ifferite \u00e8 <span class=\"_ _1\"></span>rivisto pe<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>iodicamente <span class=\"_ _1\"></span>in funzio<span class=\"_ _1\"></span>ne deg<span class=\"_ _1\"></span>li imponibil<span class=\"_ _1\"></span>i futuri <span class=\"_ _1\"></span>rif<span class=\"_ _3\"></span>lessi nei<span class=\"_ _1\"></span> pi\u00f9 rec<span class=\"_ _1\"></span>enti piani del Gruppo.<span class=\"_ _1\"></span> Fo<span class=\"_ _1\"></span>ndi <span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi <span class=\"_ _2\"></span>ed o<span class=\"_ _1\"></span>ner<span class=\"_ _2\"></span>i Gli <span class=\"_ _11\"></span>accantonamenti <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>fondi <span class=\"_ _11\"></span>per <span class=\"_ _6\"></span>rischi <span class=\"_ _11\"></span><span class=\"ls4\">ed</span> <span class=\"_ _11\"></span>oneri <span class=\"_ _11\"></span>relativi <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _11\"></span>potenziali <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>natura <span class=\"_ _11\"></span>legale <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>fiscale <span class=\"_ _11\"></span>sono effettuati <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>fronte <span class=\"_ _6\"></span>delle <span class=\"_ _11\"></span>previsioni <span class=\"_ _6\"></span>effettuat<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>dagli <span class=\"_ _11\"></span>Amministratori, <span class=\"_ _11\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _11\"></span>delle <span class=\"_ _6\"></span>valutazioni <span class=\"_ _11\"></span>espresse <span class=\"_ _6\"></span>dai consulenti legal<span class=\"_ _1\"></span>i e fiscal<span class=\"_ _1\"></span>i della Soc<span class=\"_ _1\"></span>iet\u00e0, in me<span class=\"_ _1\"></span>rito al pro<span class=\"_ _1\"></span>babile onere c<span class=\"_ _1\"></span>he si rit<span class=\"_ _1\"></span>iene ragionevole verr\u00e0 <span class=\"_ _1\"></span>sostenuto. 26. C<span class=\"_ _2\"></span>onve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>ione<span class=\"_ _2\"></span> del<span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>post<span class=\"_ _2\"></span>e in <span class=\"_ _2\"></span>valuta Le <span class=\"_ _2\"></span>transazioni <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>valuta <span class=\"_ _2\"></span>estera <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>rilevate <span class=\"_ _2\"></span>inizialmen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>cambio <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>essere <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>data <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>transazione. Le <span class=\"_ _2\"></span>atti<span class=\"_ _3\"></span>vit\u00e0 <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _2\"></span>monetarie, <span class=\"_ _2\"></span>denominate <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>valuta <span class=\"_ _2\"></span>estera, <span class=\"_ _2\"></span>sono r<span class=\"_ _1\"></span>iconvertite <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>tasso di <span class=\"_ _2\"></span>cambio <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>essere <span class=\"_ _2\"></span>alla data di chiusura de<span class=\"_ _1\"></span>l bilancio. Le<span class=\"ls0\"> <span class=\"_ _11\"></span>poste <span class=\"_ _11\"></span>non <span class=\"_ _11\"></span>monetarie <span class=\"_ _11\"></span>valuta<span class=\"ls2\">te</span> <span class=\"_ _e\"></span><span class=\"ls4\">al</span> <span class=\"_ _11\"></span>costo <span class=\"_ _11\"></span>storico <span class=\"_ _11\"></span><span class=\"ls2\">in</span> <span class=\"_ _11\"></span>valuta <span class=\"_ _11\"></span>estera <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>convertite <span class=\"_ _11\"></span>usando i tas<span class=\"_ _1\"></span>si di cam<span class=\"_ _1\"></span>bio in<span class=\"_ _1\"></span> </span>vigore <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>data <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>iniziale <span class=\"_ _2\"></span>rilevazione <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _2\"></span>transazione. <span class=\"_ _2\"></span>Le <span class=\"_ _2\"></span>poste <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>monetari<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>iscritte <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>equo <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>valuta estera sono conve<span class=\"_ _1\"></span>rtite usan<span class=\"_ _1\"></span>do il tasso di cam<span class=\"_ _1\"></span>bio alla da<span class=\"_ _1\"></span>ta di determinazione di<span class=\"_ _1\"></span> tale valore. Qualora <span class=\"_ _2\"></span>sia stata <span class=\"_ _2\"></span>istituita <span class=\"_ _2\"></span>una <span class=\"_ _1\"></span>designata <span class=\"_ _2\"></span>relazione <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>copertura <span class=\"ls6\">di</span> <span class=\"_ _2\"></span><span class=\"ff24\">f<span class=\"_ _3\"></span>air <span class=\"_ _2\"></span>value <span class=\"ff1f\">t<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>uno <span class=\"_ _2\"></span>strumento <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>copertura <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>un </span></span>elemento <span class=\"_ _12\"> </span>coperto <span class=\"_\"> </span>in <span class=\"_ _12\"> </span>valuta, <span class=\"_\"> </span>si <span class=\"_ _12\"> </span>applica <span class=\"_\"> </span>i<span class=\"_ _1\"></span>l <span class=\"_\"> </span>tra<span class=\"_ _1\"></span>ttamento <span class=\"_ _12\"> </span>per <span class=\"_\"> </span>gli <span class=\"_ _12\"> </span>strumenti <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>copertura <span class=\"_ _12\"> </span>indicato <span class=\"_\"> </span>ne<span class=\"_ _1\"></span>lla <span class=\"_ _16\"> </span>voce \u201cStrumenti finan<span class=\"_ _1\"></span>ziari derivati\u201d.<span class=\"ff1f\"> </span>I <span class=\"_ _0\"></span>bila<span class=\"_ _2\"></span>nci <span class=\"_ _0\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>con<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>est<span class=\"_ _2\"></span>ere <span class=\"_ _0\"></span>espre<span class=\"_ _1\"></span>ss<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>valu<span class=\"_ _2\"></span>ta <span class=\"_ _0\"></span>dive<span class=\"_ _2\"></span>rsa <span class=\"_ _0\"></span><span class=\"ff22\">dal<span class=\"_ _1\"></span>l\u2019eu<span class=\"_ _2\"></span>ro,<span class=\"ff1f\"> <span class=\"_ _0\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>sede<span class=\"_ _1\"></span> <span class=\"_ _0\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>conso<span class=\"_ _2\"></span>lid<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>vengono <span class=\"_ _2\"></span>conver<span class=\"_ _1\"></span>titi </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=\"ls2\">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=\"_ _e\"></span>le <span class=\"_ _11\"></span>componenti <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>reddito <span class=\"_ _e\"></span>del <span class=\"_ _11\"></span>conto economico <span class=\"_ _7\"> </span>il <span class=\"_ _a\"> </span>camb<span class=\"_ _1\"></span>io <span class=\"_ _7\"> </span>medio <span class=\"_ _7\"> </span>dell\u2019esercizio. <span class=\"_ _7\"> </span>Le <span class=\"_ _a\"> </span>differe<span class=\"_ _1\"></span>nze <span class=\"_ _7\"> </span>cambio<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _6\"></span>risultanti <span class=\"_ _7\"></span>vengono <span class=\"_ _6\"></span>iscritte <span class=\"_ _6\"></span><span class=\"ls16\">in</span> <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>ri<span class=\"_ _3\"></span>serva </span>separata <span class=\"_ _1\"></span>di pa<span class=\"_ _1\"></span>trimonio <span class=\"_ _2\"></span>denominata R<span class=\"_ _1\"></span>iserva di Conver<span class=\"_ _1\"></span>sione. 27. G<span class=\"_ _2\"></span>esti<span class=\"_ _1\"></span>one<span class=\"_ _2\"></span> dei <span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>i I <span class=\"_ _2\"></span>principali <span class=\"_ _2\"></span>rischi <span class=\"_ _2\"></span>fiscali, <span class=\"_ _2\"></span>legali <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>finanziari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>cui <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"ls0\"> <span class=\"_ _1\"></span>Gruppo <span class=\"_ _2\"></span>Cairo <span class=\"_ _2\"></span>Communicati<span class=\"_ _1\"></span>on <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>esposto, <span class=\"_ _2\"></span>nonch\u00e9 <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>politich<span class=\"_ _1\"></span>e </span></span></span></span>poste <span class=\"ls2\">in</span> ess<span class=\"_ _1\"></span>ere dal manag<span class=\"_ _1\"></span>ement per <span class=\"ls16\">la</span> gestione deg<span class=\"_ _1\"></span>li stessi, sono espos<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>nella Nota <span class=\"_ _3\"></span>41. Per <span class=\"_ _3\"></span>quanto <span class=\"_ _3\"></span>concerne i rischi <span class=\"_ _1\"></span>oper<span class=\"_ _1\"></span>ativi <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>busines<span class=\"_ _1\"></span>s <span class=\"_ _2\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>rimanda a <span class=\"_ _2\"></span>quanto <span class=\"_ _2\"></span>descritto <span class=\"_ _2\"></span>nella <span class=\"_ _1\"></span>Relazione <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>Amministratori <span class=\"_ _2\"></span>sulla <span class=\"_ _1\"></span>gestione. Pr<span class=\"_ _1\"></span>inc<span class=\"_ _2\"></span>ipi <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>nta<span class=\"_ _2\"></span>bili, <span class=\"_ _2\"></span>emenda<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span> e<span class=\"_ _2\"></span>d inte<span class=\"_ _2\"></span>rpret<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>n v<span class=\"_ _2\"></span>igore<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span> par<span class=\"_ _2\"></span>tire<span class=\"_ _1\"></span> dal<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>\u00b0 <span class=\"_ _1\"></span>gen<span class=\"_ _1\"></span>nai<span class=\"_ _1\"></span>o 2<span class=\"_ _2\"></span>022<span class=\"_ _1\"></span> A p<span class=\"_ _1\"></span>art<span class=\"_ _1\"></span>ire<span class=\"_ _1\"></span> da<span class=\"_ _2\"></span>l 1\u00b0<span class=\"_ _2\"></span> gen<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>20<span class=\"_ _1\"></span>22<span class=\"_ _1\"></span> s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o e<span class=\"_ _2\"></span>ntrat<span class=\"_ _1\"></span>i i<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>vig<span class=\"_ _2\"></span>ore <span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span> e<span class=\"_ _2\"></span>menda<span class=\"_ _1\"></span>men<span class=\"_ _2\"></span>ti a<span class=\"_ _2\"></span>i seg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>dar<span class=\"_ _1\"></span>d:<span class=\"_ _1\"></span> <span class=\"ff24 fs7 fc0\">IFRS 3 Aggregazioni <span class=\"_ _1\"></span>aziendali<span class=\"ff22\">: le mod<span class=\"_ _1\"></span>ifiche hanno <span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>o scopo di <span class=\"_ _1\"></span>aggiornare i<span class=\"_ _1\"></span>l riferimen<span class=\"_ _1\"></span>to presente ne<span class=\"_ _1\"></span>ll\u2019IFRS 3 </span></span>al <span class=\"_ _12\"> </span>Concep<span class=\"_ _1\"></span>tual <span class=\"_ _a\"> </span>Framework <span class=\"_ _a\"> </span>nel<span class=\"_ _3\"></span>la <span class=\"_ _12\"> </span>vers<span class=\"_ _1\"></span>ione <span class=\"_ _a\"> </span>ri<span class=\"_ _3\"></span>vista, <span class=\"_ _a\"> </span>senza <span class=\"_ _12\"> </span>che <span class=\"_ _a\"> </span>ci\u00f2 <span class=\"_ _12\"> </span>comporti <span class=\"_ _a\"> </span>modifiche <span class=\"_ _12\"> </span>all<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>dispos<span class=\"_ _1\"></span>izioni <span class=\"_ _a\"> </span>del principio IFRS 3;<span class=\"_ _1\"></span> <span class=\"ff24 fs7 fc0\">IAS <span class=\"_ _6\"></span>16 <span class=\"_ _6\"></span>I<span class=\"_ _3\"></span>mmobili, <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>mpianti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>macchinari<span class=\"ff1f\">: <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>modifica <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>consente <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>dedurre <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>elemento <span class=\"_ _6\"></span>di </span></span>immobili, <span class=\"_ _e\"></span>impianti <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>macchinari <span class=\"_ _11\"></span>il <span class=\"_ _e\"></span>ricavo <span class=\"_ _11\"></span>derivante <span class=\"_ _e\"></span>dalla <span class=\"_ _11\"></span>vendita <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>beni <span class=\"_ _11\"></span>prodotti <span class=\"_ _e\"></span>prima <span class=\"_ _11\"></span>che <span class=\"_ _e\"></span>tale <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _11\"></span>sia pronta per l\u2019uso. Ta<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>i ricavi di vendi<span class=\"_ _1\"></span>ta e i relativi cos<span class=\"_ _1\"></span>ti devono <span class=\"_ _1\"></span>essere rilevat<span class=\"_ _1\"></span>i a<span class=\"ff1f\"> conto economico; </span><span class=\"ff24 fs7 fc0\">IAS <span class=\"_ _11\"></span>37 <span class=\"_ _6\"></span>Accan<span class=\"_ _1\"></span>tonamenti, <span class=\"_ _e\"></span>passivit\u00e0 <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _e\"></span>potenziali<span class=\"ff1f\">: <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>modifica <span class=\"_ _11\"></span>specifica <span class=\"_ _11\"></span>meglio <span class=\"_ _e\"></span>che, <span class=\"_ _11\"></span>nel <span class=\"_ _11\"></span>valutare <span class=\"_ _11\"></span>se <span class=\"_ _11\"></span>un </span></span>contratto \u00e8 oneroso,<span class=\"_ _1\"></span> i costi dire<span class=\"_ _1\"></span>ttamente corr<span class=\"_ _1\"></span>elati sono <span class=\"_ _1\"></span>costituiti da: \u2022 <span class=\"_ _10\"> </span><span class=\"ff22 fs7 fc0\">i costi incrementali nece<span class=\"_ _1\"></span>ssari all\u2019ademp<span class=\"_ _1\"></span>imento di tale c<span class=\"_ _1\"></span>o<span class=\"ff1f\">ntratto, ad esempio la man<span class=\"_ _1\"></span>odopera e le <span class=\"_ _1\"></span>materie </span></span>prime dirette;<span class=\"_ _1\"></span> \u2022 <span class=\"_ _10\"> </span><span class=\"ff22 fs7 fc0\">la <span class=\"_ _16\"> </span>r<span class=\"_ _3\"></span>ipartizione <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>altri <span class=\"_ _16\"> </span>costi <span class=\"_ _f\"> </span>direttamente <span class=\"_\"> </span>correlati <span class=\"_ _16\"> </span>all\u2019adempimento <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>contratto, <span class=\"_ _16\"> </span>ad <span class=\"_ _f\"> </span>esempio <span class=\"_ _16\"> </span>la </span>ripartizione della <span class=\"_ _3\"></span>quota di <span class=\"_ _3\"></span>ammortamento di <span class=\"_ _3\"></span>un elemento di<span class=\"_ _3\"></span> immobili, <span class=\"_ _3\"></span>impianti e <span class=\"_ _3\"></span>macchinari util<span class=\"_ _3\"></span>izzato per l\u2019adempimen<span class=\"_ _1\"></span>to di tale c<span class=\"_ _1\"></span>ontratto e di altri<span class=\"_ _1\"></span>.<span class=\"ff1f\"> </span><span class=\"ff24 fs7 fc0\">IFRS 9 Strumenti finanziari (Annual Improvem<span class=\"_ _1\"></span>ents 2018-2020):<span class=\"ff1f\"> <span class=\"ff22\">Lo IASB ha proposto una modifi<span class=\"_ _1\"></span>ca all\u2019IFRS<span class=\"_ _1\"></span> </span></span></span>9, chiarendo le<span class=\"_ _1\"></span> fees che<span class=\"_ _1\"></span> un\u2019entit\u00e0 inclu<span class=\"_ _1\"></span>de nel de<span class=\"_ _1\"></span>terminare se <span class=\"_ _1\"></span>le condizioni<span class=\"_ _1\"></span> di una n<span class=\"_ _1\"></span>uova o modi<span class=\"_ _1\"></span>fic<span class=\"ff1f\">ata passivit\u00e0 </span>finanziaria <span class=\"_ _12\"> </span>siano <span class=\"_ _12\"> </span>sostanzialmente <span class=\"_ _12\"> </span>differenti <span class=\"_ _12\"> </span>rispetto <span class=\"_ _12\"> </span>alle <span class=\"_\"> </span>condizion<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>della <span class=\"_\"> </span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _12\"> </span>finanziaria <span class=\"_ _12\"> </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 f<span class=\"_ _3\"></span>inanziato<span class=\"_ _1\"></span>re, incluse <span class=\"_ _3\"></span>le fees <span class=\"_ _3\"></span>pagate o percepite dal debito<span class=\"_ _1\"></span>re o dal finanzi<span class=\"_ _1\"></span>atore per con<span class=\"_ _1\"></span>to di altri. L\u2019a<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>zio<span class=\"_ _2\"></span>ne <span class=\"_\"> </span>di <span class=\"_\"> </span>tal<span class=\"_ _2\"></span>i <span class=\"_\"> </span>emend<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti <span class=\"_\"> </span>no<span class=\"_ _1\"></span>n <span class=\"_\"> </span>h<span class=\"_ _1\"></span>a <span class=\"_\"> </span>co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tato<span class=\"_ _2\"></span> <span class=\"_\"> </span>effet<span class=\"_ _2\"></span>ti <span class=\"_\"> </span>sull<span class=\"_ _1\"></span>a <span class=\"_\"> </span>pre<span class=\"_ _2\"></span>sente<span class=\"_ _1\"></span> <span class=\"_\"> </span>Rel<span class=\"_ _2\"></span>azio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span> <span class=\"_\"> </span>Fin<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>iaria<span class=\"_ _1\"></span> <span class=\"_\"> </span>Ann<span class=\"_ _1\"></span>ua<span class=\"_ _2\"></span>le con<span class=\"_ _2\"></span>solida<span class=\"_ _2\"></span>ta d<span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> Pr<span class=\"_ _1\"></span>inc<span class=\"_ _2\"></span>ipi <span class=\"_ _1d4\"> </span>co<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>li,<span class=\"_ _2\"></span> <span class=\"_ _1d5\"> </span>eme<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _1c\"> </span>ed<span class=\"_ _1\"></span> <span class=\"_ _1c\"> </span>int<span class=\"_ _1\"></span>erp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>ioni <span class=\"_ _1d5\"> </span>omolo<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>i <span class=\"_ _1c\"> </span>dal<span class=\"_ _2\"></span>l\u2019UE, <span class=\"_ _1d5\"> </span>non <span class=\"_ _1d5\"> </span>ancora<span class=\"_ _1\"></span> obb<span class=\"_ _1\"></span>lig<span class=\"_ _1\"></span>at<span class=\"_ _2\"></span>oria<span class=\"_ _1\"></span>ment<span class=\"_ _2\"></span>e app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>adot<span class=\"_ _1\"></span>tat<span class=\"_ _2\"></span>i <span class=\"ls50\">in</span> <span class=\"_ _2\"></span>via<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>anti<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>pat<span class=\"_ _2\"></span>a dal <span class=\"_ _1\"></span>Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o Di <span class=\"_ _e\"></span>seguito <span class=\"_ _11\"></span>si <span class=\"_ _11\"></span>elencano, <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>indi<span class=\"_ _3\"></span>cazione <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>data <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>decorrenza, <span class=\"_ _e\"></span>gli <span class=\"_ _11\"></span>emendament<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>om<span class=\"_ _3\"></span>ologati <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>non <span class=\"_ _11\"></span>adottati anticipatamente da<span class=\"_ _1\"></span>l Gruppo<span class=\"_ _1\"></span> e per i quali so<span class=\"_ _1\"></span>no in corso <span class=\"_ _1\"></span>le valutazioni <span class=\"_ _1\"></span>su eventual<span class=\"_ _1\"></span>i impatti:<span class=\"_ _3\"></span> <span class=\"ff24 fs7 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=\"_ _3\"></span><span class=\"ff1f\">. <span class=\"_ _3\"></span>Le modifiche </span></span>si applicheranno a p<span class=\"_ _1\"></span>artire dal 202<span class=\"_ _1\"></span>3.  <span class=\"ff24 fs7 fc0\">Emendamento IAS 8 - De<span class=\"_ _1\"></span>finition of Accoun<span class=\"_ _1\"></span>ting Estim<span class=\"_ _1\"></span>ates<span class=\"ff1f\">. Le modifiche si <span class=\"_ _1\"></span>applicheranno a p<span class=\"_ _1\"></span>artire dal 2023. </span></span><span class=\"ff24 fs7 fc0\">Emendamento <span class=\"_ _3\"></span>IAS <span class=\"_ _3\"></span>12 <span class=\"_ _e\"></span>- <span class=\"_ _e\"></span>Deferred Tax <span class=\"_ _e\"></span>related <span class=\"_ _3\"></span>to <span class=\"_ _e\"></span>Asse<span class=\"_ _1\"></span>ts <span class=\"_ _3\"></span>and <span class=\"_ _e\"></span>Liabilities <span class=\"_ _3\"></span>arising f<span class=\"_ _3\"></span>rom <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Single <span class=\"_ _3\"></span>Transaction<span class=\"_ _3\"></span><span class=\"ff1f\">. <span class=\"_ _3\"></span>Le </span></span>modifiche si app<span class=\"_ _1\"></span>licano dal 1\u00b0<span class=\"_ _2\"></span> genna<span class=\"_ _3\"></span>io 2023 Pr<span class=\"_ _1\"></span>inc<span class=\"_ _2\"></span>ipi co<span class=\"_ _2\"></span>ntabi<span class=\"_ _1\"></span>li,<span class=\"_ _2\"></span> emend<span class=\"_ _1\"></span>ame<span class=\"_ _2\"></span>nti e<span class=\"_ _2\"></span>d inte<span class=\"_ _2\"></span>rpret<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> n<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>omo<span class=\"_ _2\"></span>logat<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _1\"></span>UE e<span class=\"_ _2\"></span>d app<span class=\"_ _1\"></span>lic<span class=\"_ _2\"></span>abili<span class=\"_ _1\"></span> dag<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span>ser<span class=\"_ _2\"></span>cizi c<span class=\"_ _2\"></span>he in<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>iano<span class=\"_ _2\"></span> dopo<span class=\"_ _1\"></span> il<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>\u00b0 <span class=\"_ _1\"></span>gen<span class=\"_ _1\"></span>nai<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>20<span class=\"_ _1\"></span>23 Di segui<span class=\"_ _1\"></span>to si <span class=\"_ _2\"></span>elencano, con <span class=\"_ _2\"></span>indicazione della <span class=\"_ _2\"></span>data di de<span class=\"_ _1\"></span>correnza, <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>emendame<span class=\"_ _1\"></span>nti <span class=\"_ _1\"></span>non ancor<span class=\"_ _1\"></span>a o<span class=\"_ _1\"></span>mologati <span class=\"_ _1\"></span>e non adottati anticipa<span class=\"_ _1\"></span>tamente dal<span class=\"_ _1\"></span> Gruppo e per i qu<span class=\"_ _1\"></span>ali sono in corso l<span class=\"_ _1\"></span>e valutazioni <span class=\"_ _1\"></span>su eventua<span class=\"_ _1\"></span>li impatti: Emendamento <span class=\"_ _12\"> </span>allo <span class=\"_ _12\"> </span>IAS <span class=\"_ _12\"> </span>1 <span class=\"_\"> </span><span class=\"ff25\">\u2013</span> <span class=\"_ _12\"> </span>Classif<span class=\"_ _1\"></span>ication <span class=\"_ _12\"> </span>of <span class=\"_ _12\"> </span>liabilities <span class=\"_ _12\"> </span>as <span class=\"_ _12\"> </span>current <span class=\"_ _12\"> </span>or <span class=\"_\"> </span>no<span class=\"_ _2\"></span>n <span class=\"_\"> </span>current: <span class=\"_ _12\"> </span>L\u2019applicazione <span class=\"_ _12\"> </span>delle modifiche origin<span class=\"_ _1\"></span>ariamente prev<span class=\"_ _1\"></span>ista a partire d<span class=\"_ _1\"></span>al 2022, \u00e8 st<span class=\"_ _1\"></span>ata posticipata <span class=\"_ _1\"></span>al 2024. <span class=\"ff24 fs7 fc0\">Emendamento allo IAS 1 <span class=\"_ _3\"></span><span class=\"ff25\">\u2013</span> Non-current Liabilities with Covenants<span class=\"ff1f\">: Le modifiche si applicano dal 1\u00b0 gennaio </span></span>2024. <span class=\"ff24 fs7 fc0\">Emendamento <span class=\"_ _2\"></span>all'IFRS <span class=\"_ _2\"></span>16 <span class=\"_ _1\"></span><span class=\"ff25\">\u2013<span class=\"ff24\"> <span class=\"_ _2\"></span>Lease L<span class=\"_ _2\"></span>iability <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>a S<span class=\"_ _2\"></span>al<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>Leaseback<span class=\"ff1f\">. L<span class=\"_ _2\"></span>e modi<span class=\"_ _1\"></span>fiche <span class=\"_ _2\"></span>si <span class=\"_ _1\"></span>applican<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>dal 1\u00b0<span class=\"_ _2\"></span> genna<span class=\"_ _2\"></span>io </span></span></span></span>2024. NOTE <span class=\"_ _a\"></span><span class=\"ls51\">DI<span class=\"_ _3\"></span></span> <span class=\"_ _a\"></span>C<span class=\"_ _3\"></span>OMMENT<span class=\"_ _3\"></span>O <span class=\"_ _12\"></span>DELLE <span class=\"_ _12\"></span>VOCI <span class=\"_ _a\"></span>DI<span class=\"_ _3\"></span> <span class=\"_ _a\"></span>C<span class=\"_ _3\"></span>ONTO <span class=\"_ _12\"></span>ECONOMIC<span class=\"_ _3\"></span>O CON<span class=\"_ _1\"></span>SOL<span class=\"_ _1\"></span>IDA<span class=\"_ _1\"></span>TO Viene <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>seguito <span class=\"_ _3\"></span>analizzato il<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>contenuto <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>principali componenti <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>ricavi e <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>l\u2019esercizio <span class=\"_ _3\"></span>chiuso <span class=\"_ _e\"></span><span class=\"ff1f\">al </span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _e\"></span>2022. <span class=\"_ _e\"></span>Tutte <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>importi <span class=\"_ _e\"></span>indica<span class=\"_ _1\"></span>ti <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>esposti <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>euro. I dati co<span class=\"_ _1\"></span>mparativi <span class=\"ls49\">si</span> riferiscono alla <span class=\"_ _2\"></span>relazione <span class=\"_ _2\"></span>fina<span class=\"_ _1\"></span>nziaria <span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>nuale <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>icembre <span class=\"_ _2\"></span>202<span class=\"_ _1\"></span>1.  </span></span>Nel <span class=\"_ _3\"></span>202<span class=\"ls6\">2 <span class=\"_ _a\"> </span></span>con <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span><span class=\"ls3\">al</span> <span class=\"_ _e\"></span>margine <span class=\"_ _3\"></span>operativo <span class=\"_ _3\"></span>lordo <span class=\"_ _e\"></span>(EBI<span class=\"_ _1\"></span>TDA) <span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>proventi <span class=\"_ _3\"></span><span class=\"ls4\">ed</span> <span class=\"_ _e\"></span>oneri <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>natura <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>ricorrente presentano un saldo negativo pari a Euro 12,1 milioni con una differenza negativa <span class=\"_ _2\"></span>di Eu<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>8,3 <span class=\"_ _2\"></span>milioni <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ispetto al<span class=\"ls0\"> <span class=\"_ _2\"></span>2021, <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span><span class=\"ff22\">l\u2019effetto<span class=\"ff1f\"> <span class=\"_ _2\"></span>netto <span class=\"_ _0\"></span>complessivo <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>gli <span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>eri e <span class=\"_ _2\"></span>pr<span class=\"_ _3\"></span>oventi <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>ricorrenti <span class=\"_ _2\"></span>risultava <span class=\"_ _2\"></span>negativo <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>Euro 3,8 </span></span></span>milioni. <span class=\"_ _a\"> </span>Gli <span class=\"_ _a\"> </span>oneri <span class=\"_ _12\"> </span>n<span class=\"_ _1\"></span>on <span class=\"_ _a\"> </span>ricorrenti <span class=\"_ _a\"> </span>del <span class=\"_ _a\"> </span>2022 <span class=\"_ _a\"> </span>includono <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span>circa <span class=\"_ _a\"> </span>Euro <span class=\"_ _a\"> </span>10 <span class=\"_ _a\"> </span>milioni, <span class=\"_ _a\"> </span>gli <span class=\"_ _a\"> </span>oneri <span class=\"_ _a\"> </span>imputabili <span class=\"_ _a\"> </span>alla transazione <span class=\"_ _a\"> </span>del <span class=\"_ _a\"> </span>contenzioso <span class=\"_ _a\"> </span>relativo <span class=\"_ _a\"> </span>al <span class=\"_ _a\"> </span>complesso <span class=\"_ _a\"> </span>immobiliare <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>via <span class=\"_ _12\"> </span>Solfe<span class=\"_ _1\"></span>rino/San <span class=\"_ _a\"> </span>Mar<span class=\"_ _3\"></span>co/Balzan, <span class=\"_ _a\"> </span>come descritto nella succ<span class=\"_ _1\"></span>essiva Nota n.3<span class=\"_ _1\"></span>9 Impegni, ri<span class=\"_ _1\"></span>schi ed altre inf<span class=\"_ _1\"></span>ormazioni. 1. R<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>vi <span class=\"_ _2\"></span>netti Nella <span class=\"_ _2\"></span>segue<span class=\"_ _1\"></span>nte <span class=\"_ _2\"></span>tabel<span class=\"_ _1\"></span>la <span class=\"_ _2\"></span>viene<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>data <span class=\"_ _0\"></span>evidenza <span class=\"_ _2\"></span>dei <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _0\"></span>operativi <span class=\"_ _2\"></span>lordi, <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>gli <span class=\"_ _2\"></span>scon<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>di <span class=\"_ _0\"></span>agenzia <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>ricav<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>operativi netti: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ione<span class=\"_ _1d6\"> </span><span class=\"ls52\">2022<span class=\"_ _1f\"> </span>2021</span>Ri<span class=\"_ _2\"></span>cavi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>perati<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>i<span class=\"_ _1d7\"> </span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>7<span class=\"_ _af\"> </span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>9S<span class=\"_ _1\"></span>con<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> agen<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _1d8\"> </span>(6<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _28\"> </span>(66<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>)Rica<span class=\"_ _1\"></span>vi o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i ne<span class=\"_ _e\"></span>tti<span class=\"_ _9d\"> </span>1<span class=\"_ _3\"></span>.0<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0<span class=\"_ _164\"> </span>1<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>70<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7I ricavi sono realizzati prevalentemente <span class=\"ls2\">in</span> Italia e Spagna. Per <span class=\"ls16\">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=\"_ _1\"></span>cessiva <span class=\"_ _1\"></span>Nota 14. La<span class=\"ls0\"> composizione de<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> ricavi <span class=\"_ _1\"></span>operativi lordi \u00e8 <span class=\"_ _1\"></span>esposta nel<span class=\"_ _1\"></span> prospetto che s<span class=\"_ _2\"></span>egue:<span class=\"_ _2\"></span> </span>De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _1d9\"> </span><span class=\"ls53\">2022<span class=\"_ _1da\"> </span>2021</span>P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0 su reti<span class=\"_ _2\"></span> tel<span class=\"_ _2\"></span>ev<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>ve<span class=\"_ _4c\"> </span>15<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>0<span class=\"_ _1da\"> </span>15<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>8P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0 su stam<span class=\"_ _2\"></span>pa,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ternet ed even<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sp<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _a2\"> </span>40<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _93\"> </span>4<span class=\"_ _2\"></span>13<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>9Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> ri<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>er a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _37\"> </span>3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _bc\"> </span>3,<span class=\"_ _2\"></span>6Vend<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta pu<span class=\"_ _2\"></span>bb<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>bb<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _128\"> </span>4<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>2<span class=\"_ _93\"> </span>4<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,5IVA a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>a dal<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>\u2019ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>re<span class=\"_ _1a8\"> </span><span class=\"ff1f\">(3,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _26\"> </span>(3,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)</span>Ri<span class=\"_ _2\"></span>cavi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>ers<span class=\"_ _3\"></span>i<span class=\"_ _1db\"> </span>1<span class=\"_ _2\"></span>42<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _1da\"> </span>11<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>6Totale<span class=\"_ _e\"></span> r<span class=\"_ _2\"></span>ic<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>vi o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tiv<span class=\"_ _3\"></span>i lord<span class=\"_ _2\"></span>i<span class=\"_ _c7\"> </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>,7<span class=\"_ _e7\"> </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=\"_ _16\"> </span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _f\"> </span>operativi <span class=\"_ _16\"> </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=\"ff22\">milioni <span class=\"_ _f\"> </span>presentano, <span class=\"_ _16\"> </span>rispetto <span class=\"_ _f\"> </span>all\u2019esercizio <span class=\"_ _16\"> </span>precede</span>nte, <span class=\"_\"> </span>un<span class=\"_ _1\"></span> decremento <span class=\"_\"> </span>di <span class=\"_\"> </span>Euro<span class=\"_ _1\"></span> <span class=\"_\"> </span><span class=\"ls54\">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>pubblicitar<span class=\"_ _1\"></span>i <span class=\"_ _4\"> </span>e <span class=\"_ _4\"> </span>da <span class=\"_ _f\"> </span>vendita <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>pubblicazioni (principalmente <span class=\"_ _16\"> </span>attribuibile <span class=\"_ _f\"> </span>al <span class=\"_ _4\"> </span>calo <span class=\"_ _f\"> </span>delle <span class=\"_ _4\"> </span>diffusioni<span class=\"_ _1\"></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=\"_ _1\"></span>nte compensato dal<span class=\"_ _1\"></span>la crescita dei ric<span class=\"_ _1\"></span>avi diversi anche per <span class=\"_ _1\"></span>il buon andament<span class=\"_ _1\"></span>o degli eventi <span class=\"_ _1\"></span>sportivi. Come meglio des<span class=\"_ _1\"></span>critto nell<span class=\"_ _1\"></span>a Relazione degl<span class=\"_ _1\"></span>i amminis<span class=\"_ _1\"></span>tratori sulla gestione, n<span class=\"_ _1\"></span>el corso <span class=\"ff22\">de<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>\u2019es<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>o:<span class=\"_ _2\"></span><span class=\"ff1f\"> </span></span><span class=\"ff1f fs7 fc0\">i <span class=\"_ _1\"></span>ricavi <span class=\"_ _2\"></span>diffu<span class=\"_ _1\"></span>sionali <span class=\"_ _2\"></span>(inclusa <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>quota <span class=\"_ _2\"></span>abbona<span class=\"_ _1\"></span>menti) <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>pari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>427,2 <span class=\"_ _2\"></span>milioni, <span class=\"_ _2\"></span>riconducibili <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>355,9<span class=\"_ _1\"></span> </span>milioni al Gruppo R<span class=\"_ _1\"></span>CS e p<span class=\"_ _1\"></span>er Euro 71,1 milion<span class=\"_ _1\"></span>i ai periodici di C<span class=\"_ _1\"></span>airo Editore<span class=\"_ _1\"></span>; <span class=\"ff1f fs7 fc0\">la <span class=\"_ _e\"></span>raccolta <span class=\"_ _e\"></span>pubblicitaria <span class=\"_ _e\"></span>lorda <span class=\"_ _e\"></span>relativa <span class=\"_ _e\"></span>alle <span class=\"_ _3\"></span>testate <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Gruppo, <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>siti <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>agli <span class=\"_ _e\"></span>eventi <span class=\"_ _e\"></span>sportivi <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>stata<span class=\"_ _1\"></span> </span>pari <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>398,1 mili<span class=\"_ _3\"></span>oni, <span class=\"_ _3\"></span>riconducibi<span class=\"_ _1\"></span>le <span class=\"_ _e\"></span>preva<span class=\"_ _1\"></span>lentemente <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>Gruppo <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>(Euro <span class=\"_ _e\"></span>383 <span class=\"_ _e\"></span>milioni) <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>alle <span class=\"_ _3\"></span>testate <span class=\"_ _3\"></span>di Cairo Editore (Eu<span class=\"_ _1\"></span>ro 12,5 milioni); <span class=\"ff1f fs7 fc0\">la <span class=\"_ _e\"></span>raccolta <span class=\"_ _e\"></span>pubblicitaria <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>orda <span class=\"_ _e\"></span>sui <span class=\"_ _3\"></span>canali <span class=\"_ _e\"></span>La7 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>La7d <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>stata <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>complessivi<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>circa <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>150 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>(Euro </span>155,5 m<span class=\"_ _1\"></span>ilioni <span class=\"_ _2\"></span>nel<span class=\"_ _3\"></span> 20<span class=\"_ _2\"></span>2<span class=\"_ _3\"></span>1), <span class=\"_ _1\"></span>mentre <span class=\"_ _2\"></span>il<span class=\"_ _3\"></span> co<span class=\"_ _1\"></span>ntributo <span class=\"_ _2\"></span>del canale <span class=\"_ _1\"></span><span class=\"ff24\">Caccia<span class=\"ff1f\"> <span class=\"_ _1\"></span><span class=\"ls4\">e <span class=\"_ _1\"></span><span class=\"ff24 ls0\">Pesca<span class=\"ff1f\"> <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>RCS \u00e8 <span class=\"_ _2\"></span>stat<span class=\"_ _3\"></span>o pa<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>i a <span class=\"_ _2\"></span>Euro 0,4 <span class=\"_ _2\"></span>milioni; </span></span></span></span></span><span class=\"ff1f fs7 fc0\">al netto degli <span class=\"_ _1\"></span>sconti d<span class=\"_ _1\"></span>i agenzia <span class=\"_ _1\"></span>pari a <span class=\"_ _1\"></span>Euro 62,7 m<span class=\"_ _1\"></span>ilioni, <span class=\"_ _1\"></span>i ricavi pu<span class=\"_ _2\"></span>bblicitari netti s<span class=\"_ _1\"></span>ono stati p<span class=\"_ _1\"></span>ari ad <span class=\"_ _1\"></span>Euro 493,9 </span>milioni, ricondu<span class=\"_ _1\"></span>cibili al Gruppo R<span class=\"_ _1\"></span>CS per Euro <span class=\"_ _1\"></span>345,4 milioni. I <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _e\"></span>diversi <span class=\"_ _3\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>142,9 <span class=\"_ _e\"></span>milioni, <span class=\"_ _e\"></span>includono <span class=\"_ _3\"></span>principalmente <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>ricavi <span class=\"_ _3\"></span>realizzati <span class=\"_ _e\"></span>tramite <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ultiplex <span class=\"_ _3\"></span>di propriet\u00e0 <span class=\"_ _e\"></span>della <span class=\"_ _11\"></span>controllata <span class=\"_ _e\"></span>Unidad <span class=\"_ _11\"></span>Editorial <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>due <span class=\"_ _11\"></span>canali <span class=\"_ _e\"></span>televisivi, <span class=\"_ _11\"></span>i <span class=\"_ _11\"></span>ricavi <span class=\"_ _e\"></span>derivanti <span class=\"_ _11\"></span>dagli <span class=\"_ _11\"></span>eventi <span class=\"_ _e\"></span>sportivi, dalle attivit\u00e0 di d<span class=\"_ _1\"></span>istribuzion<span class=\"_ _1\"></span>e e di <span class=\"ff24\">direct marketing </span>e al<span class=\"_ _1\"></span>tri ricavi di n<span class=\"_ _1\"></span>atura operat<span class=\"_ _1\"></span>iva. 2. <span class=\"_ _2\"></span>Altri<span class=\"_ _1\"></span> ri<span class=\"_ _1\"></span>ca<span class=\"_ _2\"></span>vi e <span class=\"_ _1\"></span>pro<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>nti Gli <span class=\"_ _a\"></span>\u201ca<span class=\"_ _1\"></span>ltri<span class=\"ff1f\"> <span class=\"_ _7\"></span>ri<span class=\"_ _3\"></span>cavi <span class=\"_ _7\"></span>e <span class=\"_ _a\"></span></span>provent<span class=\"_ _1\"></span>i\u201d <span class=\"_ _7\"></span>sono <span class=\"_ _a\"> </span>pari <span class=\"_ _7\"></span>a <span class=\"_ _a\"> </span>Euro <span class=\"_ _7\"></span>50,4 <span class=\"_ _7\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _7\"></span>(Euro <span class=\"_ _a\"> </span>39,1 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>nel <span class=\"_ _a\"> </span>2021), di cui Euro 35,6 milioni <span class=\"_ _e\"></span>riconducibili <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>RCS <span class=\"_ _e\"></span>(Euro <span class=\"_ _e\"></span>31,3 <span class=\"_ _e\"></span>milioni <span class=\"_ _11\"></span>nel <span class=\"_ _e\"></span>2021), <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>includono <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _3\"></span><span class=\"ls6\">da<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>macero <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>vendita carta, addebiti di cos<span class=\"_ _1\"></span>ti tecnici pubblici<span class=\"_ _1\"></span>tari, affitti attivi, sopravvenienze <span class=\"_ _3\"></span>attive, <span class=\"_ _3\"></span>provent<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>contributi <span class=\"_ _3\"></span>ricevuti e altre voci di r<span class=\"_ _1\"></span>icavo divers<span class=\"_ _1\"></span>i da quelli ope<span class=\"_ _1\"></span>rativi. La <span class=\"_ _2\"></span>variazione <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>voce <span class=\"_ _2\"></span>\u201ca<span class=\"_ _1\"></span>ltri <span class=\"_ _2\"></span>ric<span class=\"ff1f\">a</span>vi <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>proventi\u201d <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>riconducibil<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>16,4 <span class=\"_ _2\"></span>milio<span class=\"_ _1\"></span>ni <span class=\"_ _2\"></span>ai <span class=\"_ _2\"></span>proventi <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>contribut<span class=\"_ _1\"></span>i che <span class=\"_ _6\"></span>comprendono <span class=\"_ _11\"></span>principalmente <span class=\"_ _11\"></span>a)<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>contributo <span class=\"_ _6\"></span>cart<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>sull\u2019acquisto <span class=\"_ _11\"></span>e <span class=\"_ _6\"> </span>consumo <span class=\"_ _6\"></span>carta <span class=\"_ _6\"></span>agevolato <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>l\u2019anno 2021, <span class=\"_\"> </span>ai <span class=\"_\"> </span>sensi <span class=\"_\"> </span>di <span class=\"_\"> </span>quanto <span class=\"_ _12\"> </span>previsto <span class=\"_\"> </span>dall\u2019art. <span class=\"_\"> </span>188 <span class=\"_\"> </span>del <span class=\"_\"> </span>Decreto-legge <span class=\"_\"> </span>del <span class=\"_\"> </span>19/05/2020 <span class=\"_ _12\"> </span>n. <span class=\"_\"> </span>34 <span class=\"_\"> </span>convertito <span class=\"_\"> </span>con modificazioni <span class=\"_ _a\"> </span>dalla <span class=\"_ _12\"> </span>Legge <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>17/07/2020 <span class=\"_ _a\"> </span>n. <span class=\"_ _12\"> </span>77), <span class=\"_ _12\"> </span>dall\u2019art. <span class=\"_ _a\"> </span>1 <span class=\"_ _12\"> </span>commi <span class=\"_ _12\"> </span>378-379 <span class=\"_ _12\"> </span>Legge <span class=\"_ _12\"> </span>n. <span class=\"_ _12\"> </span>234/2021 <span class=\"_ _a\"> </span>(legge finanziaria <span class=\"_ _11\"></span>2022), <span class=\"_ _e\"></span>dall\u2019art. <span class=\"_ _11\"></span>4, <span class=\"_ _11\"></span>comm<span class=\"_ _3\"></span><span class=\"ff1f\">i <span class=\"_ _11\"></span>da <span class=\"_ _11\"></span>182 <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>186 <span class=\"_ _6\"></span>della <span class=\"_ _e\"></span>legge<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>24 <span class=\"_ _11\"></span>dicembre <span class=\"_ _11\"></span>2003, <span class=\"_ _e\"></span>n. <span class=\"_ _6\"></span>350 <span class=\"_ _11\"></span>(legge <span class=\"_ _11\"></span>finanziaria </span>2004), <span class=\"_ _11\"></span>visti <span class=\"_ _11\"></span>il <span class=\"_ _6\"></span>DPCM <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>21.12.2004 <span class=\"_ _e\"></span>n. <span class=\"_ _6\"></span>318 <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>l\u2019art. <span class=\"_ _6\"></span>67, <span class=\"_ _11\"></span>commi <span class=\"_ _11\"></span>9<span class=\"_ _3\"></span><span class=\"ff1f\">-bis, <span class=\"_ _11\"></span>9-ter <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>9<span class=\"_ _3\"></span>-quater <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>decreto-legge <span class=\"_ _11\"></span>25 </span>maggio 2021, n.<span class=\"_ _1\"></span> 73, conver<span class=\"_ _1\"></span>tito, con modi<span class=\"_ _1\"></span>ficazioni, d<span class=\"_ _1\"></span>alla legge 2<span class=\"_ _1\"></span>3 luglio 2021, n. 1<span class=\"_ _2\"></span>06 e <span class=\"_ _3\"></span>b) il <span class=\"ff22\">credit<span class=\"_ _1\"></span>o d\u2019imposta </span>a <span class=\"_\"> </span>favo<span class=\"_ _1\"></span>re <span class=\"_\"> </span>d<span class=\"_ _2\"></span>elle <span class=\"_\"> </span>imprese <span class=\"_ _12\"> </span>editrici <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>quotidiani <span class=\"_\"> </span>e <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>periodici <span class=\"_ _12\"> </span>delle <span class=\"_\"> </span>sp<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>e <span class=\"_ _12\"> </span>sostenute <span class=\"_\"> </span>n<span class=\"_ _2\"></span>ell\u2019<span class=\"_ _3\"></span>anno <span class=\"_ _12\"> </span>2020 <span class=\"_ _12\"> </span>per <span class=\"_\"> </span>la<span class=\"_ _2\"></span> distribuzione <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>testate <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>dite <span class=\"_ _2\"></span>ai <span class=\"_ _2\"></span>sensi <span class=\"_ _2\"></span>dell<span class=\"_ _1\"></span>\u2019art.67 <span class=\"_ _2\"></span>com<span class=\"_ _1\"></span>ma <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>decr<span class=\"_ _1\"></span>eto<span class=\"_ _3\"></span><span class=\"ff1f\">-legge <span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>5 <span class=\"_ _2\"></span>maggio <span class=\"_ _2\"></span>2021 <span class=\"_ _2\"></span>n. <span class=\"_ _2\"></span>73<span class=\"_ _1\"></span>  <span class=\"_ _2\"></span>convertito<span class=\"_ _1\"></span> </span>con <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>odificazioni <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>legge <span class=\"_ _e\"></span>23 <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>uglio <span class=\"_ _3\"></span>2021, <span class=\"_ _e\"></span>n. <span class=\"_ _3\"></span>106. <span class=\"_ _e\"></span>Inoltre, <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>compres<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>contributi <span class=\"_ _e\"></span>ricevuti <span class=\"_ _3\"></span>dalla <span class=\"_ _e\"></span>societ\u00e0 RCS Sport per at<span class=\"_ _1\"></span>tivit\u00e0 pro<span class=\"_ _1\"></span>mozionali real<span class=\"_ _1\"></span>izzate. 3. <span class=\"_ _2\"></span>Varia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>lle<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>rima<span class=\"_ _2\"></span>nenz<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>pro<span class=\"_ _1\"></span>dott<span class=\"_ _2\"></span>i fi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>i La <span class=\"_ _e\"></span>voce, <span class=\"_ _e\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>2,4 <span class=\"_ _3\"></span>milioni <span class=\"_ _e\"></span>(Euro <span class=\"_ _e\"></span>0,4 <span class=\"_ _e\"></span>milioni <span class=\"_ _3\"></span>nel <span class=\"_ _e\"></span>2021), <span class=\"_ _e\"></span>rappresenta <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>effetti <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>normale <span class=\"_ _e\"></span>processo <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> utilizzo dei prodo<span class=\"_ _1\"></span>tti finiti o<span class=\"_ _1\"></span>ggetto di com<span class=\"_ _1\"></span>mercializzazione da p<span class=\"_ _2\"></span>arte delle societ\u00e0 del Gru<span class=\"_ _1\"></span>ppo. 4. <span class=\"_ _2\"></span>Consu<span class=\"_ _1\"></span>mi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>mat<span class=\"_ _2\"></span>erie<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>sus<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>dia<span class=\"_ _1\"></span>rie<span class=\"_ _2\"></span> e di <span class=\"_ _2\"></span>consumo<span class=\"_ _2\"></span> L\u2019andamento <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>costi per <span class=\"_ _2\"></span>materie <span class=\"_ _1\"></span>prime, <span class=\"_ _2\"></span>sussidiarie <span class=\"_ _2\"></span>e di <span class=\"_ _2\"></span>consumo <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>dettagliato <span class=\"_ _1\"></span>come <span class=\"_ _2\"></span>segu<span class=\"_ _1\"></span>e:<span class=\"_ _1\"></span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione2022<span class=\"_ _1ad\"> </span>2021Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ac<span class=\"_ _3\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>sto<span class=\"_ _1\"></span> ca<span class=\"_ _3\"></span>rta8<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _176\"> </span>48<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ac<span class=\"_ _3\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>sto<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> g<span class=\"_ _1\"></span>adg<span class=\"_ _2\"></span>et e<span class=\"_ _3\"></span> materi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rsi4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _176\"> </span>41<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4Vari<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e ri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>enz<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>rta,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>dg<span class=\"_ _2\"></span>et e<span class=\"_ _3\"></span> m<span class=\"_ _1\"></span>ateri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>ers<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>gram<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> te<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ev<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> (1<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _126\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6si<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>iTotal<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>um<span class=\"_ _2\"></span>i di m<span class=\"_ _2\"></span>ate<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> pr<span class=\"_ _2\"></span>im<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>, <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>us<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>idi<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> e<span class=\"_ _11\"></span> di co<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>um<span class=\"_ _2\"></span>o11<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _b1\"> </span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,0La voce, pari a Euro 119,8 <span class=\"ls2\">mi<span class=\"_ _1\"></span><span class=\"ls0\">lioni, si riferisce p<span class=\"_ _1\"></span>rincipalment<span class=\"_ _1\"></span>e alle attivit\u00e0 edit<span class=\"_ _1\"></span>oriali di Cairo Editore, d<span class=\"_ _1\"></span>i La7 e </span></span>del <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _a\"> </span>RCS. <span class=\"_ _12\"> </span><span class=\"ff22\">L\u2019incr</span>emento <span class=\"_ _12\"> </span>di <span class=\"_ _a\"> </span>Euro <span class=\"_\"> </span>2<span class=\"_ _2\"></span>9,8 <span class=\"_\"> </span>m<span class=\"_ _1\"></span>ilioni <span class=\"_ _12\"> </span>rispe<span class=\"_ _1\"></span>tto <span class=\"_ _12\"> </span>all\u2019anno <span class=\"_ _a\"> </span>precedente <span class=\"_ _12\"> </span>risulta <span class=\"_ _a\"> </span>principalmente attribuibile al<span class=\"ff22\">l\u2019au<span class=\"_ _1\"></span>mento dei cost<span class=\"_ _1\"></span>i di <span class=\"ff1f\">approvvigiona<span class=\"_ _1\"></span>mento delle ma<span class=\"_ _1\"></span>terie prime.<span class=\"_ _1\"></span> </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=\"ls6\">di</span> <span class=\"_ _3\"></span>consumo <span class=\"_ _3\"></span>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=\"_ _3\"></span>Euro 98,8 milioni. 5. <span class=\"_ _2\"></span>Costi<span class=\"_ _1\"></span> pe<span class=\"_ _1\"></span>r <span class=\"_ _1\"></span>ser<span class=\"_ _2\"></span>vizi Nella <span class=\"_ _0\"></span>voce <span class=\"_ _0\"></span><span class=\"ff22\">\u201ccosti<span class=\"ff1f\"> <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span><span class=\"ff22\">servizi\u201d<span class=\"ff1f\"> <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nclusi <span class=\"_ _0\"></span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>costi <span class=\"_ _0\"></span>diretti <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>concessionarie, <span class=\"_ _0\"></span>lavorazioni <span class=\"_ _11\"></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>collaborazioni <span class=\"_ _4\"> </span>pr<span class=\"_ _3\"></span>incipalmen<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>del <span class=\"_ _11\"></span>border\u00f2, <span class=\"_ _11\"></span>costi <span class=\"_ _6\"></span>relativi <span class=\"_ _11\"></span>alla <span class=\"_ _6\"></span>attivit\u00e0 televisiva, <span class=\"_ _e\"></span>costi <span class=\"_ _6\"></span>promozion<span class=\"_ _1\"></span>ali <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>costi <span class=\"_ _11\"></span>generali <span class=\"_ _11\"></span>ed <span class=\"_ _11\"></span>amministrativi. <span class=\"_ _11\"></span>La <span class=\"_ _11\"></span>composizione <span class=\"_ _e\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>costi <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>servizi <span class=\"_ _11\"></span>\u00e8 <span class=\"_ _11\"></span>la seguente: De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne2022<span class=\"_ _b0\"> </span>2021Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>a3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8e\"> </span>41<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>9P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>stazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>fes<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>amm<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>strati<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i3<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8e\"> </span>34<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5Co<span class=\"_ _2\"></span>nsu<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>abo<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>edi<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8e\"> </span>36<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5Lav<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>raz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>terne6<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _8e\"> </span>70<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6Sp<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>traspo<span class=\"_ _2\"></span>rto1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>7<span class=\"_ _b0\"> </span>11<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>1P<span class=\"_ _3\"></span>rog<span class=\"_ _2\"></span>ramm<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>app<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>to2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _8e\"> </span>20<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>stazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>fes<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>rti<span class=\"_ _2\"></span>sti<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre con<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> te<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ev<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1a6\"> </span>8,<span class=\"_ _2\"></span>7Ri<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>tro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>tagg<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> op<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> este<span class=\"_ _3\"></span>rn<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>ve0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _e3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>7Serv<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> news <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>spo<span class=\"_ _2\"></span>rt e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>gen<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>ve1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _e3\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4Serv<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> tra<span class=\"_ _3\"></span>sm<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ssi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>va0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _e3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2Rea<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _1\"></span>rafi<span class=\"_ _2\"></span>che tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _e3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5Co<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>egam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>pera<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> este<span class=\"_ _3\"></span>rn<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>ve1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _e3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0 e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _8e\"> </span>39<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gen<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>8<span class=\"_ _8e\"> </span>92<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>i4<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _22\"> </span>46<span class=\"_ _3\"></span>7<span class=\"_ _e\"></span>,1La<span class=\"ls0\"> voce, pari <span class=\"ls3\">ad</span> <span class=\"_ _3\"></span>Euro 479,5<span class=\"_ _1\"></span> milioni (Euro 467,1 milion<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> nel 2021<span class=\"ls5\">),</span> present<span class=\"_ _1\"></span>a un incremento rispetto <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>periodo </span></span></span>analogo <span class=\"ff22\">dell\u2019esercizio</span> prec<span class=\"_ _1\"></span>edente <span class=\"ls6\">di<span class=\"_ _3\"></span></span> Euro 12,4 milioni. <span class=\"_ _11\"></span>In <span class=\"_ _11\"></span>crescita <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>13,6 <span class=\"_ _11\"></span>milioni <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>voce<span class=\"_ _3\"></span> altri <span class=\"_ _11\"></span>costi <span class=\"_ _11\"></span>di struttura e <span class=\"_ _1\"></span>generali pr<span class=\"_ _1\"></span>incipalmente <span class=\"_ _2\"></span>per<span class=\"_ _3\"></span> <span class=\"ff22\">l\u2019increm</span>ent<span class=\"_ _1\"></span>o <span class=\"ff22\">dei <span class=\"_ _1\"></span>costi per l<span class=\"_ _1\"></span>\u2019approvvig<span class=\"_ _1\"></span>ionamento en<span class=\"_ _1\"></span>ergetico (<span class=\"_ _1\"></span>+Euro 7,<span class=\"_ _1\"></span>2 </span>milioni <span class=\"_ _12\"> </span>rispetto <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>2021) <span class=\"_ _12\"> </span><span class=\"ls4\">e <span class=\"_ _12\"> </span></span>dei <span class=\"_\"> </span>cost<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>p<span class=\"_ _1\"></span>roduzione<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>televisiva <span class=\"_ _12\"> </span>delle <span class=\"_ _12\"> </span>corse <span class=\"_ _12\"> </span>ciclistiche <span class=\"_ _12\"> </span>realizzate <span class=\"_ _12\"> </span>dal <span class=\"_ _12\"> </span>2022 direttamente da RCS S<span class=\"_ _1\"></span>port <span class=\"_ _1\"></span>S.p.A. Sono <span class=\"_ _e\"></span>continuate <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>azioni <span class=\"_ _e\"></span>legate <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>conteniment<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>costi <span class=\"_ _11\"></span><span class=\"ff22\">e <span class=\"_ _e\"></span>recupero <span class=\"_ _e\"></span>dell\u2019effici<span class=\"_ _1\"></span>enza, <span class=\"_ _e\"></span>affiancati<span class=\"ff1f\"> <span class=\"ls6\">da</span> <span class=\"_ _1\"></span>interventi </span></span>straordinari <span class=\"_ _0\"></span>effettuati <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>ad<span class=\"_ _1\"></span>eguare <span class=\"_ _2\"></span>tempest<span class=\"_ _1\"></span>ivamente <span class=\"_ _0\"></span>l\u2019organizzazione azienda<span class=\"_ _1\"></span>le al mutato con<span class=\"_ _1\"></span>testo. 6. <span class=\"_ _2\"></span>Costi<span class=\"_ _1\"></span> pe<span class=\"_ _1\"></span>r <span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>dime<span class=\"_ _2\"></span>nto be<span class=\"_ _2\"></span>ni di<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>erz<span class=\"_ _2\"></span>i La voce, <span class=\"_ _2\"></span>pari <span class=\"_ _1\"></span>ad Eu<span class=\"_ _2\"></span>ro 28,1 <span class=\"_ _2\"></span>milioni (Euro <span class=\"_ _2\"></span>31,8 <span class=\"_ _1\"></span>milioni <span class=\"_ _2\"></span>al<span class=\"_ _3\"></span> 31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></span>2021)<span class=\"_ _3\"></span>, <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _2\"></span>prevalentemente <span class=\"_ _1\"></span>costi <span class=\"_ _2\"></span>per diritti <span class=\"_ _a\"> </span>giornalistici, <span class=\"_ _a\"> </span>sportivi <span class=\"_ _12\"> </span>e <span class=\"_ _a\"> </span>per <span class=\"_ _12\"> </span>progr<span class=\"_ _1\"></span>ammi <span class=\"_ _a\"> </span>televisivi <span class=\"_ _12\"> </span>e <span class=\"_ _a\"> </span>royalties <span class=\"_ _a\"> </span>per <span class=\"_ _12\"> </span>diritti <span class=\"_ _a\"> </span>di <span class=\"_ _12\"> </span>au<span class=\"_ _1\"></span>tore <span class=\"_ _a\"> </span>nonch\u00e9 <span class=\"_ _12\"> </span>canoni <span class=\"_ _a\"> </span>di locazione <span class=\"_ _2\"></span>relativi <span class=\"_ _2\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>contratt<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>leasing sho<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>t <span class=\"_ _1\"></span>term <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>low <span class=\"_ _2\"></span>cost, esc<span class=\"_ _1\"></span>lusi <span class=\"_ _2\"></span>dall\u2019applicazione <span class=\"_ _2\"></span>del pr<span class=\"_ _1\"></span>incipio <span class=\"_ _2\"></span>IFRS <span class=\"_ _1\"></span>16. De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1dc\"> </span><span class=\"ls57\">2022<span class=\"_ _17d\"> </span>2021</span>Affi<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1dd\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _90\"> </span>1,<span class=\"_ _2\"></span>5Affi<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> stu<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _1de\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _6d\"> </span>-Nol<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e s<span class=\"_ _3\"></span>tu<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _1df\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _90\"> </span>0<span class=\"_ _2\"></span>,5Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>gram<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> TV<span class=\"_ _1e0\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _90\"> </span>0<span class=\"_ _2\"></span>,6Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>spo<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _1e1\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _90\"> </span>0<span class=\"_ _2\"></span>,5Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rnal<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>sti<span class=\"_ _2\"></span>ci<span class=\"_ _1e2\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _90\"> </span>3<span class=\"_ _2\"></span>,0Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>\u2019aut<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>( SIAE ,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>IMAIE ,<span class=\"_ _2\"></span> SCF<span class=\"_ _1\"></span> ,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>AFI )<span class=\"_ _1e3\"> </span><span class=\"ff1f\">3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _90\"> </span>3<span class=\"_ _2\"></span>,7</span>Ro<span class=\"_ _2\"></span>yal<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>passi<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ri<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> v<span class=\"_ _1\"></span>ari<span class=\"_ _147\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,0<span class=\"_ _1e4\"> </span>1<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per go<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ent<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ben<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>terzi<span class=\"_ _1e5\"> </span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _90\"> </span>7<span class=\"_ _2\"></span>,3To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span> g<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>dim<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nto<span class=\"_ _3\"></span> be<span class=\"_ _e\"></span>ni d<span class=\"_ _1\"></span>i te<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _19c\"> </span>28<span class=\"_ _3\"></span>,1<span class=\"_ _49\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _e\"></span>,8La voce include cos<span class=\"_ _1\"></span>ti per godimento di beni <span class=\"_ _1\"></span>di terzi riconduci<span class=\"_ _1\"></span>bili al Gruppo RC<span class=\"_ _1\"></span>S per Euro 18,5 milioni (Euro<span class=\"_ _2\"></span> 21,7 m<span class=\"_ _1\"></span>ilioni n<span class=\"_ _2\"></span>el<span class=\"_ _3\"></span> 202<span class=\"_ _1\"></span>1) <span class=\"_ _1\"></span>costituiti <span class=\"_ _2\"></span>principalmente <span class=\"_ _2\"></span>da diritti <span class=\"_ _1\"></span>letterari, <span class=\"_ _1\"></span><span class=\"ff24\">royalties<span class=\"ff1f\"> <span class=\"_ _2\"></span>passive e <span class=\"_ _2\"></span>fotoservizi per <span class=\"_ _2\"></span>Euro 12,3 </span></span>milioni (Euro 13,8 <span class=\"_ _1\"></span>milioni nel 20<span class=\"_ _1\"></span>21<span class=\"ls5\">).</span> 7. <span class=\"_ _2\"></span>Costi<span class=\"_ _1\"></span> de<span class=\"_ _2\"></span>l per<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nale<span class=\"_ _1\"></span> La voce pu\u00f2 <span class=\"_ _3\"></span>essere dettagliata come <span class=\"_ _3\"></span>segue<span class=\"_ _1\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _1e6\"> </span><span class=\"ls58\">2022<span class=\"_ _36\"> </span>2021</span>Sal<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>sti<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _1e7\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>7<span class=\"_ _27\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0On<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span> soci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _194\"> </span>7<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>4<span class=\"_ _1e8\"> </span>7<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Trattam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> fi<span class=\"_ _0\"></span>ne ra<span class=\"_ _3\"></span>pp<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>rto<span class=\"_ _130\"> </span>11<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1e8\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span> perso<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _1e9\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _5e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6Totale<span class=\"_ _e\"></span> co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti de<span class=\"_ _e\"></span>l pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>le<span class=\"_ _46\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _24\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2I <span class=\"_ _e\"></span>cos<span class=\"_ _3\"></span>ti <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>personale <span class=\"_ _11\"></span>ammontano <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>3<span class=\"_ _3\"></span>17,4 <span class=\"_ _e\"></span>milioni <span class=\"_ _11\"></span>(Euro <span class=\"_ _11\"></span>325,2 <span class=\"_ _11\"></span>milioni <span class=\"_ _11\"></span>nel <span class=\"_ _11\"></span>2021<span class=\"ls5\">) <span class=\"_ _11\"></span></span>e <span class=\"_ _6\"></span>includono <span class=\"_ _e\"></span>costi <span class=\"_ _11\"></span>del personale riconduc<span class=\"_ _1\"></span>ibili al Gruppo RC<span class=\"_ _1\"></span>S per Eu<span class=\"_ _1\"></span>ro 240,1 milio<span class=\"_ _1\"></span>ni (Euro 245,4 <span class=\"_ _1\"></span>milioni<span class=\"_ _1\"></span> nel 2021) La <span class=\"_ _2\"></span>voce <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _2\"></span>oneri <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>ricorrenti <span class=\"_ _2\"></span>legati <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>processo <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>riorganizzaz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>aziendale <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro 1,5 <span class=\"_ _2\"></span>milioni <span class=\"_ _2\"></span>(Euro<span class=\"_ _1\"></span> 3,6 milioni nel 2021<span class=\"_ _1\"></span>). 8. <span class=\"_ _2\"></span>Ammor<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti,<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>anto<span class=\"_ _2\"></span>namen<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> e <span class=\"_ _1\"></span>sv<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>ioni La voce si compone <span class=\"_ _1\"></span>come se<span class=\"_ _2\"></span>gue:<span class=\"_ _1\"></span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _1ea\"> </span><span class=\"ls59\">2022<span class=\"_ _27\"> </span>2021</span>Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>ateri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _1df\"> </span>3<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>4<span class=\"_ _49\"> </span>32<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pi<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> m<span class=\"_ _1\"></span>ac<span class=\"_ _3\"></span>chi<span class=\"_ _0\"></span>nari<span class=\"_ _1eb\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _5e\"> </span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>\u2019uso<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>su b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _144\"> </span><span class=\"ff1f\">26<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _49\"> </span>26<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4</span>Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _48\"> </span>0,<span class=\"_ _2\"></span>9<span class=\"_ _5e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>nam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> fon<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> s<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ta<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _1ec\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _5e\"> </span>0,<span class=\"_ _2\"></span>9Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>nam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ai<span class=\"_ _2\"></span> fon<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ed o<span class=\"_ _2\"></span>neri<span class=\"_ _1ed\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _5e\"> </span>7,<span class=\"_ _2\"></span>5Totale<span class=\"_ _e\"></span> a<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mor<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span>, accan<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span>na<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span> e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ioni<span class=\"_ _1ee\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,8<span class=\"_ _93\"> </span>76<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2La<span class=\"ls0\"> <span class=\"_ _2\"></span>voce, <span class=\"_ _2\"></span>par<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span><span class=\"ls4\">ad<span class=\"ls0\"> <span class=\"_ _2\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>77,8 <span class=\"_ _0\"></span>milioni <span class=\"_ _2\"></span>(Euro <span class=\"_ _2\"></span>76,2 <span class=\"_ _0\"></span>milioni <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>2021) <span class=\"_ _0\"></span>mostra <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"_ _1\"></span><span class=\"ls0\">cremento <span class=\"_ _0\"></span>di <span class=\"_ _2\"></span>Euro 1,6 milioni. </span></span></span></span></span>L\u2019applicazione<span class=\"ff1f\"> <span class=\"_ _16\"> </span></span>dell\u2019IFRS <span class=\"_ _16\"> </span>16 <span class=\"_ _4\"> </span>ha <span class=\"_ _16\"> </span>comportato <span class=\"_ _f\"> </span>ammortamen<span class=\"_ _1\"></span>ti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>26<span class=\"ls6\">,6</span> <span class=\"_ _f\"> </span>milioni. <span class=\"_ _5\"> </span>Si <span class=\"_ _4\"> </span>ricorda <span class=\"_ _4\"> </span>che <span class=\"_ _5\"> </span>gli<span class=\"_ _2\"></span> ammo<span class=\"_ _2\"></span>rta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ricon<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>cibi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls3\">ai</span> <span class=\"_ _e\"></span>valo<span class=\"_ _2\"></span>ri <span class=\"_ _3\"></span>allo<span class=\"_ _1\"></span>ca<span class=\"_ _2\"></span>ti <span class=\"_ _e\"></span><span class=\"ls3\">ad</span> <span class=\"_ _3\"></span>att<span class=\"_ _2\"></span>ivit\u00e0<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>imm<span class=\"_ _1\"></span>ate<span class=\"_ _2\"></span>rial<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>(non<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>pre<span class=\"_ _2\"></span>ceden<span class=\"_ _2\"></span>teme<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>iscri<span class=\"_ _1\"></span>tte) <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>vita <span class=\"_ _e\"></span>utile definita <span class=\"_ _e\"></span>nell\u2019a<span class=\"_ _1\"></span>mbito <span class=\"_ _3\"></span>dell\u2019applicazione <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>c.d. <span class=\"_ _e\"></span>\u201c<span class=\"ff24\">acquisition <span class=\"_ _3\"></span>method</span>\u201d <span class=\"_ _e\"></span>all\u2019aggregazi<span class=\"_ _1\"></span>one <span class=\"_ _e\"></span>aziendale <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>sono pari, per <span class=\"ff22\">l\u2019eserciz<span class=\"_ _1\"></span>io chiuso <span class=\"_ _1\"></span>al 31 dicembre 202<span class=\"ff1f\">2, a Eur<span class=\"_ _2\"></span>o 1,9 milioni; </span></span>Gli <span class=\"_ _e\"></span>avviamenti <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span><span class=\"ls2\">le</span> <span class=\"_ _e\"></span>testate <span class=\"_ _e\"></span>aventi <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _e\"></span>indefinita <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>sono <span class=\"_ _11\"></span>sottoposte <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _11\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _11\"></span>ma <span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>verifiche almeno annuali per<span class=\"_ _1\"></span> identifi<span class=\"_ _1\"></span>care eventuali pe<span class=\"_ _1\"></span>rdite di val<span class=\"_ _1\"></span>ore. Le svalutazioni al <span class=\"_ _3\"></span>31 dicembre <span class=\"_ _3\"></span>2022 sono pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro 0,9 milioni (<span class=\"_ _3\"></span>Euro 0,1 milioni <span class=\"_ _3\"></span>nel 2021) <span class=\"_ _3\"></span>e si <span class=\"_ _3\"></span>riferiscono ad impianti pres<span class=\"_ _1\"></span>enti nel pol<span class=\"_ _1\"></span>o di stampa di Ca<span class=\"_ _1\"></span>tania. 9. <span class=\"_ _2\"></span>Altri<span class=\"_ _1\"></span> co<span class=\"_ _2\"></span>sti o<span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>i La voce pu\u00f2 <span class=\"_ _3\"></span>essere cos\u00ec detta<span class=\"_ _1\"></span>gli<span class=\"_ _2\"></span>ata: De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cr<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _1ef\"> </span><span class=\"ls5a\">2022<span class=\"_ _56\"> </span>2021</span>Tasse<span class=\"_ _3\"></span> ded<span class=\"_ _2\"></span>uci<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>agate n<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>rci<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1e3\"> </span><span class=\"ff1f\">3,<span class=\"_ _2\"></span>3<span class=\"_ _77\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1</span>Al<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>neri<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> g<span class=\"_ _1\"></span>esti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _1dc\"> </span>2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _13d\"> </span>1<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>6Total<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>ltr<span class=\"_ _2\"></span>i c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tivi<span class=\"_ _1f0\"> </span>2<span class=\"_ _3\"></span>5,<span class=\"_ _3\"></span>0<span class=\"_ _1f1\"> </span>1<span class=\"_ _3\"></span>6,<span class=\"_ _3\"></span>7Gli <span class=\"_ _a\"> </span>altri <span class=\"_ _a\"> </span>costi <span class=\"_ _a\"> </span>operativi, <span class=\"_ _a\"> </span><span class=\"ls2\">in</span> <span class=\"_ _a\"> </span>incremento <span class=\"_ _a\"> </span>rispetto <span class=\"_ _a\"> </span>all\u2019esercizi<span class=\"_ _1\"></span>o<span class=\"ff1f\"> <span class=\"_ _a\"> </span>precedente, <span class=\"_ _a\"> </span>includono <span class=\"_ _a\"> </span>quote asso<span class=\"_ _1\"></span>ciative, </span>contributi, spese d<span class=\"_ _1\"></span>i rappresentan<span class=\"_ _1\"></span>za, liberalit\u00e0<span class=\"_ _1\"></span> ed oneri per <span class=\"_ _1\"></span>transazioni. La voce include pe<span class=\"_ _1\"></span>r circa Euro 10 <span class=\"_ _1\"></span>milioni gli one<span class=\"_ _1\"></span>ri non ricor<span class=\"_ _1\"></span>renti imputabili al<span class=\"_ _1\"></span>la transazione de<span class=\"_ _1\"></span>l contenzioso relativo al comp<span class=\"_ _1\"></span>lesso immobil<span class=\"_ _1\"></span>iare di via Solfe<span class=\"_ _1\"></span>rino/San <span class=\"_ _1\"></span>Marco/Balzan. 10. A<span class=\"_ _2\"></span>ltri <span class=\"_ _1\"></span>pro<span class=\"_ _1\"></span>ve<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>ti <span class=\"_ _2\"></span>(oner<span class=\"_ _2\"></span>i) da <span class=\"_ _1\"></span>att<span class=\"_ _2\"></span>ivit\u00e0<span class=\"_ _1\"></span>/pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _2\"></span>finanz<span class=\"_ _2\"></span>iarie La voce si co<span class=\"_ _3\"></span>mpone come <span class=\"_ _3\"></span>seg<span class=\"_ _1\"></span>ue:<span class=\"_ _1\"></span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1f2\"> </span><span class=\"ls5b\">2022<span class=\"_ _7b\"> </span>2021</span>P<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>enz<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>(m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>sv<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>enz<span class=\"_ _2\"></span>e) da c<span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> parteci<span class=\"_ _2\"></span>paz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _1f3\"> </span>-<span class=\"_ _1f4\"> </span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8P<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> (o<span class=\"_ _2\"></span>neri<span class=\"_ _2\"></span>) d<span class=\"_ _1\"></span>a val<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>tazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> parteci<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>etod<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> del<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>tto<span class=\"_ _1f5\"> </span>(3<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _17b\"> </span>(2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>)(Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e) <span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>o d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _153\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5)<span class=\"_ _2a\"> </span>-Total<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> al<span class=\"_ _1\"></span>tr<span class=\"_ _2\"></span>i pr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>nti (one<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>i) da<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span>/pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _1f6\"> </span>(4,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)<span class=\"_ _e7\"> </span>4,<span class=\"_ _3\"></span>6La voce <span class=\"_ _2\"></span>pari a <span class=\"_ _2\"></span>negativi <span class=\"_ _1\"></span>Eur<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>4,1 <span class=\"_ _1\"></span>milioni <span class=\"_ _2\"></span>include preval<span class=\"_ _1\"></span>entemente <span class=\"_ _2\"></span>il risultato <span class=\"_ _2\"></span>del Gr<span class=\"_ _1\"></span>uppo <span class=\"_ _1\"></span>Corpora<span class=\"_ _1\"></span>cion <span class=\"_ _1\"></span>Bermont valutato con il meto<span class=\"_ _1\"></span>do del patri<span class=\"_ _1\"></span>monio netto.<span class=\"_ _1\"></span> Nel <span class=\"_ _7\"></span>2021 <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>era <span class=\"_ _7\"></span>invece <span class=\"_ _7\"></span>realizzata <span class=\"_ _7\"></span>una <span class=\"_ _7\"></span>plusvalenza <span class=\"_ _6\"></span>pari <span class=\"_ _7\"></span>a <span class=\"_ _a\"> </span>Euro <span class=\"_ _e\"></span>7,3 <span class=\"_ _3\"></span>milioni <span class=\"_ _7\"></span>realizzata <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>cessione <span class=\"_ _7\"></span>della partecipata <span class=\"_ _0\"></span>spagno<span class=\"_ _1\"></span>la <span class=\"_ _0\"></span>Unidad <span class=\"_ _0\"></span>Editorial <span class=\"_ _0\"></span>Juegos <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>rte <span class=\"_ _2\"></span>compensa<span class=\"_ _1\"></span>ta <span class=\"_ _2\"></span>dalla <span class=\"_ _2\"></span>minusva<span class=\"_ _1\"></span>lenza <span class=\"_ _2\"></span>realizzata <span class=\"_ _2\"></span>con <span class=\"_ _0\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>cessione </span></span>di Informaci\u00f3n Es<span class=\"_ _1\"></span>tadio Deport<span class=\"_ _1\"></span>ivo S.A. (Euro 0,5 <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ilioni). 11. P<span class=\"_ _2\"></span>rovent<span class=\"_ _2\"></span>i e (<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>eri<span class=\"_ _1\"></span>) f<span class=\"_ _1\"></span>inanz<span class=\"_ _2\"></span>iari Gli <span class=\"_ _e\"></span>oneri <span class=\"_ _11\"></span>finanziari <span class=\"_ _e\"></span>netti <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>8,8 <span class=\"_ _11\"></span>milioni <span class=\"_ _e\"></span>(Euro <span class=\"_ _e\"></span>1<span class=\"_ _3\"></span>1,1 <span class=\"_ _11\"></span>milioni <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>2021) <span class=\"_ _11\"></span>presentano <span class=\"_ _e\"></span>un <span class=\"_ _11\"></span>decremento <span class=\"_ _e\"></span>di Euro 2,3 milion<span class=\"_ _1\"></span>i. Al <span class=\"_ _16\"> </span>miglioramento <span class=\"_ _16\"> </span>contribuiscono <span class=\"_\"> </span>i <span class=\"_ _16\"> </span>minori <span class=\"_ _f\"> </span>interessi <span class=\"_ _16\"> </span>maturati <span class=\"_\"> </span>sull\u2019indebitamento <span class=\"_\"> </span>fi<span class=\"_ _3\"></span>nanzia<span class=\"_ _1\"></span>rio <span class=\"_ _16\"> </span>netto <span class=\"_ _16\"> </span>come conseguenza <span class=\"_ _16\"> </span>sia <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>riduzione <span class=\"_ _16\"> </span>dell\u2019esposizione <span class=\"_ _16\"> </span>media, <span class=\"_ _f\"> </span>del <span class=\"_ _16\"> </span>t<span class=\"_ _3\"></span>asso <span class=\"_ _f\"> </span>di <span class=\"_ _16\"> </span>interesse, <span class=\"_ _16\"> </span>m<span class=\"_ _3\"></span>inori <span class=\"_ _16\"> </span>on<span class=\"_ _3\"></span>eri <span class=\"_ _4\"> </span>net<span class=\"_ _1\"></span>ti <span class=\"_ _f\"> </span>per attualizzazion<span class=\"_ _1\"></span>i e minori spese ban<span class=\"_ _1\"></span>carie. Si riporta di seguito <span class=\"_ _1\"></span>il dettaglio della voce <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>n esa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1f7\"> </span><span class=\"ls5c\">2022<span class=\"_ _1f8\"> </span>2021</span>In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su c/c,<span class=\"_ _1\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _f9\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _1a6\"> </span>0,<span class=\"_ _2\"></span>1P<span class=\"_ _3\"></span>rov<span class=\"_ _2\"></span>enti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ati<span class=\"_ _1f9\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1a6\"> </span>0,<span class=\"_ _2\"></span>1Al<span class=\"_ _2\"></span>tri<span class=\"_ _1fa\"> </span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1a6\"> </span>0,<span class=\"_ _2\"></span>9To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> pr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>nti<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>i<span class=\"_ _1fb\"> </span>3<span class=\"_ _3\"></span>,4<span class=\"_ _1f\"> </span>1,<span class=\"_ _3\"></span>1In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ncari<span class=\"_ _1e7\"> </span>-<span class=\"_ _29\"> </span>-In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> su fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>amen<span class=\"_ _1\"></span>ti<span class=\"_ _1fc\"> </span>(1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8)<span class=\"_ _1fd\"> </span>(1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8)Oneri<span class=\"_ _2\"></span> su<span class=\"_ _1\"></span> deri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _1fe\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _1fd\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5)In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> su d<span class=\"_ _1\"></span>ebi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>ea<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g - IFRS<span class=\"_ _1\"></span> 16<span class=\"_ _35\"> </span>(3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2)<span class=\"_ _1fd\"> </span>(3,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _1ff\"> </span>(6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8)<span class=\"_ _1fd\"> </span>(6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7)To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> o<span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _200\"> </span>(1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,2<span class=\"_ _3\"></span>)<span class=\"_ _7b\"> </span>(12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)One<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>i f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>i ne<span class=\"_ _e\"></span>tti<span class=\"_ _201\"> </span>(8<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _7b\"> </span>(11<span class=\"_ _3\"></span>,1<span class=\"_ _e\"></span>)La <span class=\"_\"> </span>voce <span class=\"_\"> </span>\u201cAltri <span class=\"_ _16\"> </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=\"_ _16\"> </span>spese <span class=\"_\"> </span>e commissioni banc<span class=\"_ _1\"></span>arie. 12. P<span class=\"_ _2\"></span>rovent<span class=\"_ _2\"></span>i e o<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>non<span class=\"_ _1\"></span> ri<span class=\"_ _1\"></span>corr<span class=\"_ _2\"></span>enti In accordo a<span class=\"_ _2\"></span>lla Delibera C<span class=\"_ _1\"></span>ONSOB <span class=\"_ _2\"></span>n. 15519 si riportano <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> segui<span class=\"_ _1\"></span>to i princip<span class=\"_ _1\"></span>ali compone<span class=\"_ _1\"></span>nti di <span class=\"_ _1\"></span>reddito (<span class=\"_ _1\"></span>positivi e/o nega<span class=\"_ _1\"></span>tivi) d<span class=\"_ _1\"></span>erivanti <span class=\"_ _1\"></span>da ev<span class=\"_ _2\"></span>enti<span class=\"_ _3\"></span> od <span class=\"_ _2\"></span>operazioni <span class=\"ls16\">il</span> c<span class=\"_ _1\"></span>ui ac<span class=\"_ _1\"></span>cadimen<span class=\"_ _1\"></span>to risulta <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>ricorrente <span class=\"_ _2\"></span>ovvero <span class=\"_ _2\"></span>derivanti <span class=\"_ _2\"></span>quelle operazioni <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>fatti ch<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>si <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ipetono <span class=\"_ _2\"></span>frequentemen<span class=\"_ _1\"></span>te nel consueto s<span class=\"_ _1\"></span>volgimento de<span class=\"_ _1\"></span>ll\u2019attivit\u00e0. De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneOne<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>i non Pr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>nti n<span class=\"_ _1\"></span>on TotaleTotale<span class=\"_ _e\"></span> di<span class=\"_ _1\"></span> Incid<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nz<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntir<span class=\"_ _2\"></span>ico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntibi<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ioAl<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>cavi<span class=\"_ _2\"></span> e pro<span class=\"_ _2\"></span>ven<span class=\"_ _1\"></span>ti<span class=\"_ _202\"> </span><span class=\"fc1\">-</span>1<span class=\"_ _3\"></span>,31<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _203\"> </span>5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,4<span class=\"_ _7f\"> </span>2,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>%Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> perso<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _a5\"> </span>(1,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _204\"> </span><span class=\"fc0\">-<span class=\"_ _205\"> </span></span>(1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5)<span class=\"_ _15d\"> </span>(31<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _62\"> </span>0,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>%Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>r s<span class=\"_ _3\"></span>ervi<span class=\"_ _0\"></span>zi<span class=\"_ _1ee\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _204\"> </span><span class=\"fc0\">-<span class=\"_ _205\"> </span></span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _15a\"> </span>(4<span class=\"_ _2\"></span>79<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _115\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>%Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>r go<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span>men<span class=\"_ _2\"></span>to b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> terz<span class=\"_ _2\"></span>i<span class=\"_ _206\"> </span><span class=\"fc1\">-<span class=\"_ _204\"> </span></span>-<span class=\"_ _6d\"> </span><span class=\"fc1\">(2<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1)</span>Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>era<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _19f\"> </span><span class=\"fc1\">(11<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _204\"> </span><span class=\"fc0\">-<span class=\"_ _15f\"> </span></span>(1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>)<span class=\"_ _15f\"> </span>(25<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0)<span class=\"_ _15b\"> </span>45<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5%</span>Totale<span class=\"_ _e\"></span> pr<span class=\"_ _2\"></span>ov<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>nti<span class=\"_ _1\"></span> e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>i non r<span class=\"_ _2\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _96\"> </span>(13<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _76\"> </span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _66\"> </span>(1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _3\"></span>)Nel <span class=\"_ _0\"></span>2022 <span class=\"_ _2\"></span>gli <span class=\"_ _0\"></span>oneri <span class=\"_ _2\"></span>non <span class=\"_ _0\"></span>ricorrenti <span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>son<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>pari <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>Euro <span class=\"_ _2\"></span>12,1 <span class=\"_ _0\"></span>milioni <span class=\"_ _2\"></span>pr<span class=\"_ _1\"></span>evalentemen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>ricondu<span class=\"_ _1\"></span>cibili <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>circa <span class=\"_ _1\"></span>Euro 10 <span class=\"_ _5\"> </span>milioni <span class=\"_ _15\"> </span>all<span class=\"_ _1\"></span>a <span class=\"_ _5\"> </span>transazione <span class=\"_ _5\"> </span>del <span class=\"_ _15\"> </span>conte<span class=\"_ _1\"></span>nzioso <span class=\"_ _5\"> </span>relativo <span class=\"_ _5\"> </span>al <span class=\"_ _5\"> </span>complesso <span class=\"_ _5\"> </span>immobiliare <span class=\"_ _5\"> </span>di <span class=\"_ _5\"> </span>vi<span class=\"_ _3\"></span>a <span class=\"_ _5\"> </span>Solferino/San Marco/Balzan co<span class=\"_ _1\"></span>me descritto ne<span class=\"_ _1\"></span>lla successiv<span class=\"_ _1\"></span>a Nota n.39 Impegni, ris<span class=\"_ _1\"></span>chi ed altre <span class=\"_ _1\"></span>informazion<span class=\"_ _1\"></span>i. Al <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _2\"></span>2021 g<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>oneri <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>ricorrenti <span class=\"_ _2\"></span>netti <span class=\"_ _1\"></span>erano <span class=\"_ _2\"></span>pari a <span class=\"_ _2\"></span>complessivi <span class=\"_ _2\"></span>Euro 3,8<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>milion<span class=\"_ _2\"></span>i. 13. I<span class=\"_ _2\"></span>mpost<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>del<span class=\"_ _1\"></span>l\u2019e<span class=\"_ _1\"></span>ser<span class=\"_ _2\"></span>cizio Le <span class=\"_ _e\"></span>imposte <span class=\"_ _e\"></span>dell\u2019eserci<span class=\"_ _1\"></span>zio <span class=\"_ _e\"></span>presentano <span class=\"_ _3\"></span>un <span class=\"_ _e\"></span>saldo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span><span class=\"ff1f\">4,7 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>(Euro <span class=\"_ _e\"></span>16,8 <span class=\"_ _e\"></span>milioni <span class=\"_ _3\"></span>nel <span class=\"_ _e\"></span>2021). <span class=\"_ _e\"></span>Le <span class=\"_ _e\"></span>imposte </span>dell\u2019esercizio posso<span class=\"_ _1\"></span>no esser<span class=\"_ _1\"></span>e dettagliate co<span class=\"_ _1\"></span>me segue: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _207\"> </span><span class=\"ls5d\">2022<span class=\"_ _14e\"> </span>2021</span>Ires <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>\u2019ese<span class=\"_ _3\"></span>rci<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1ff\"> </span><span class=\"ff1f\">3,<span class=\"_ _2\"></span>2<span class=\"_ _204\"> </span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9</span>Irap d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>\u2019eserc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1ff\"> </span><span class=\"ff1f\">2<span class=\"_ _2\"></span>,3<span class=\"_ _ee\"> </span>4,<span class=\"_ _2\"></span>5</span>Im<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>ste <span class=\"_ _3\"></span>anti<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>ate e<span class=\"_ _3\"></span> di<span class=\"_ _2\"></span>fferi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>e<span class=\"_ _130\"> </span>(0<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>)<span class=\"_ _208\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4Total<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> im<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>os<span class=\"_ _e\"></span>te<span class=\"_ _209\"> </span>4,<span class=\"_ _3\"></span>7<span class=\"_ _e9\"> </span>1<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8Il <span class=\"_ _2\"></span>prospetto <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>riconciliazione <span class=\"_ _2\"></span><span class=\"ls2\">tra<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019on<span class=\"_ _1\"></span>ere<span class=\"ff1f\"> <span class=\"_ _2\"></span>fiscale <span class=\"_ _2\"></span>risulta<span class=\"_ _2\"></span>nt<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>dal <span class=\"_ _2\"></span>bilancio <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019onere<span class=\"ff1f\"> <span class=\"_ _2\"></span>fis<span class=\"_ _1\"></span>cale <span class=\"_ _2\"></span>teorico pu\u00f2 ess<span class=\"_ _1\"></span>ere </span></span></span></span></span></span></span></span>analizzato co<span class=\"_ _1\"></span>me segue: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1ea\"> </span><span class=\"ls5e\">2022<span class=\"_ _20a\"> </span>2021</span>Ri<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>tato p<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>a del<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>te<span class=\"_ _12c\"> </span>56<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _20b\"> </span>9<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,8Onere fi<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> teori<span class=\"_ _2\"></span>co<span class=\"_ _20c\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,5<span class=\"_ _e0\"> </span>2<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>2Effetti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>sca<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>egati<span class=\"_ _2\"></span> al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>dam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>\u201c<span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>rc<span class=\"_ _3\"></span>hase <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>ce <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ocati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n\u201dd<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> RCS<span class=\"_ _20d\"> </span><span class=\"ff1f\">(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _20e\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2)</span>Effetto<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>renz<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> perm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nen<span class=\"_ _2\"></span>ti<span class=\"_ _a2\"> </span>(1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7)<span class=\"_ _20e\"> </span>(8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7)Irap<span class=\"_ _20f\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _210\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5Imp<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>te<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>ll\u2019e<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>rciz<span class=\"_ _2\"></span>io <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span> e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>ite<span class=\"_ _211\"> </span><span class=\"ff21\">4,<span class=\"_ _3\"></span>7<span class=\"_ _20e\"> </span>1<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,8</span>Ai <span class=\"_ _3\"></span>fini <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>una <span class=\"_ _e\"></span>miglio<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>comprensione <span class=\"_ _3\"></span>della <span class=\"_ _e\"></span>riconcilia<span class=\"_ _1\"></span>zione <span class=\"_ _3\"></span>tra <span class=\"_ _e\"></span>l\u2019onere fiscale <span class=\"_ _e\"></span>risult<span class=\"_ _1\"></span>ante <span class=\"_ _3\"></span>dal <span class=\"_ _e\"></span>bilancio<span class=\"ff1f\"> <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span></span>l\u2019onere<span class=\"ff1f\"> </span>fiscale <span class=\"_ _1\"></span>teorico, n<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span><span class=\"ls33\">si<span class=\"ls0\"> \u00e8 <span class=\"_ _2\"></span>tenuto conto <span class=\"_ _1\"></span><span class=\"ff22\">dell\u2019IRA<span class=\"_ _1\"></span>P<span class=\"ff1f\"> <span class=\"ls2\">in<span class=\"_ _1\"></span><span class=\"ls0\"> quan<span class=\"_ _1\"></span>to, es<span class=\"_ _1\"></span>sendo <span class=\"ff22\">qu<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>ta un<span class=\"_ _1\"></span>\u2019imposta co<span class=\"_ _1\"></span>n una b<span class=\"_ _2\"></span>as<span class=\"_ _3\"></span>e i<span class=\"_ _1\"></span>mponibile<span class=\"_ _1\"></span> </span></span></span></span></span></span></span>diversa <span class=\"_ _2\"></span>dall\u2019utile <span class=\"_ _2\"></span>prima <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>imposte, <span class=\"_ _2\"></span>genererebbe <span class=\"_ _2\"></span>effetti <span class=\"_ _2\"></span>distorsivi <span class=\"_ _2\"></span>tra <span class=\"_ _1\"></span>un <span class=\"_ _2\"></span>esercizio <span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>un <span class=\"_ _1\"></span>altro. <span class=\"_ _2\"></span>L\u2019onere <span class=\"_ _2\"></span>fiscale teorico \u00e8 stato de<span class=\"_ _1\"></span>terminato appl<span class=\"_ _1\"></span>icando l\u2019aliquot<span class=\"_ _1\"></span>a fiscale IRES vigen<span class=\"_ _1\"></span>te pari al 24%.<span class=\"_ _1\"></span> 14. I<span class=\"_ _2\"></span>nforma<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span> di<span class=\"_ _2\"></span> settor<span class=\"_ _2\"></span>e P<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>ig<span class=\"_ _2\"></span>li<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>mp<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span>ns<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ne<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>l\u2019a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>ame<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>nom<span class=\"_ _2\"></span>ic<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ss<span class=\"_ _2\"></span>ib<span class=\"_ _1\"></span>il<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"ff1f\">nc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tr<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span><span class=\"ff22\">l\u2019analisi<span class=\"ff1f\"> <span class=\"_ _2\"></span>sui <span class=\"_ _2\"></span>risultati </span></span></span>conseguiti <span class=\"ff22\">nell\u2019ese<span class=\"_ _1\"></span>rcizio<span class=\"ff1f\"> a live<span class=\"_ _1\"></span>llo dei singo<span class=\"_ _1\"></span>li principali settor<span class=\"_ _1\"></span>i <span class=\"ls6\">di</span> attivit\u00e0, che sono stati identificati, in accordo </span></span>con quanto <span class=\"_ _3\"></span>previsto <span class=\"_ _3\"></span>dall\u2019IFRS 8 <span class=\"_ _3\"></span><span class=\"ff1f\">- <span class=\"_ _3\"></span><span class=\"ff24\">Segmenti <span class=\"_ _3\"></span>operativi</span>, sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>reportistica interna <span class=\"_ _3\"></span>che \u00e8 <span class=\"_ _3\"></span>regolarmente </span>rivista dal man<span class=\"_ _1\"></span>agement. A <span class=\"_ _a\"> </span>livello <span class=\"_ _a\"> </span>gestionale, <span class=\"_ _a\"> </span>il <span class=\"_ _12\"> </span>Gr<span class=\"_ _1\"></span>uppo <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _12\"> </span>o<span class=\"_ _1\"></span>rganizzato <span class=\"_ _a\"> </span>in <span class=\"_ _12\"> </span>bus<span class=\"_ _1\"></span>iness <span class=\"_ _a\"> </span>unit, <span class=\"_ _a\"> </span>alle <span class=\"_ _a\"> </span>quali <span class=\"_ _12\"> </span>corri<span class=\"_ _1\"></span>spondono <span class=\"_ _a\"> </span>proprie <span class=\"_ _a\"> </span>strutture societarie <span class=\"_ _11\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>aggregaz<span class=\"_ _1\"></span>ioni <span class=\"_ _6\"></span>delle <span class=\"_ _11\"></span>stesse, <span class=\"_ _11\"></span>in <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>ai <span class=\"_ _11\"></span>prodotti <span class=\"_ _11\"></span>e <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>offerti <span class=\"_ _11\"></span>e <span class=\"_ _6\"></span>presenta <span class=\"_ _11\"></span>sei <span class=\"_ _6\"></span>settori <span class=\"_ _11\"></span>operativi oggetto di inform<span class=\"_ _1\"></span>ativa, di seguito de<span class=\"_ _1\"></span>ttagliati: <span class=\"ff21 fs7 fc0\">Editoria <span class=\"_ _1\"></span>periodic<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>Cairo E<span class=\"_ _2\"></span>ditore<span class=\"_ _3\"></span><span class=\"ff1f\">, <span class=\"_ _2\"></span>il Gr<span class=\"_ _1\"></span>uppo <span class=\"_ _2\"></span>opera <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>qualit\u00e0 <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>editore <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>periodic<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>e l<span class=\"_ _1\"></span>ibri <span class=\"_ _2\"></span>attraverso<span class=\"_ _3\"></span> <span class=\"ls2\">le</span> <span class=\"_ _3\"></span>societ\u00e0 </span></span>controllate <span class=\"_ _12\"> </span>(i) <span class=\"_ _12\"> </span>Cairo <span class=\"_ _a\"> </span>Editore <span class=\"_ _12\"> </span>- <span class=\"_ _12\"> </span>che <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>corso <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>20<span class=\"_ _1\"></span>09 <span class=\"_ _12\"> </span>ha <span class=\"_ _12\"> </span>incorporato <span class=\"_ _11\"></span>la <span class=\"_ _6\"></span>Editoriale <span class=\"_ _6\"></span>Giorgio <span class=\"_ _11\"></span>Mondadori <span class=\"_ _6\"></span>e pubblica <span class=\"_ _e\"></span>i <span class=\"_ _11\"></span>settimanali <span class=\"_ _e\"></span>\u201cSettimanale <span class=\"_ _e\"></span>DIPIU\u2019\u201d, <span class=\"_ _e\"></span>\u201cDIPIU\u2019 <span class=\"_ _e\"></span>TV\u201d <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>gli <span class=\"_ _11\"></span>allegati <span class=\"_ _e\"></span>\u201cSettimanale <span class=\"_ _e\"></span>DIPIU<span class=\"_ _1\"></span>\u2019 <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>DIPIU\u2019TV<span class=\"_ _e\"></span><span class=\"ff1f\"> </span>Cucina <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>Stellare\u201d, <span class=\"_ _16\"> </span>\u201cDiva <span class=\"_ _16\"> </span>e <span class=\"_ _f\"> </span>Donna\u201d, <span class=\"_ _16\"> </span>l\u2019allegato <span class=\"_ _f\"> </span>qu<span class=\"ls0\">indicinale <span class=\"_ _12\"> </span></span>\u201cCucina<span class=\"ff1f\"> <span class=\"_ _16\"> </span></span>Mia\u201d<span class=\"ff1f\">, <span class=\"_ _12\"> </span></span>\u201cTV<span class=\"ff1f\"> <span class=\"_ _12\"> </span></span>Mia\u201d,<span class=\"ff1f\"> <span class=\"_\"> </span></span>\u201cNuovo\u201d<span class=\"_ _2\"></span>,<span class=\"ff1f\"> <span class=\"_\"> </span></span>\u201cF\u201d,<span class=\"ff1f\"> </span>\u201cSettimanale<span class=\"ff1f\"> </span>Giallo\u201d,<span class=\"ff1f\"> <span class=\"_ _3\"></span></span>\u201cNuovo <span class=\"_ _e\"></span>TV\u201d<span class=\"ff1f\">, <span class=\"_ _11\"></span></span>\u201c<span class=\"ff1f\">Enigmistica <span class=\"_ _11\"></span>Pi\u00f9</span>\u201d<span class=\"ff1f\">, <span class=\"_ _11\"></span></span>\u201c<span class=\"ff1f\">Enigmist<span class=\"_ _1\"></span>ica <span class=\"_ _11\"></span>Mia <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>ensili <span class=\"_ _e\"></span><span class=\"ff22\">\u201cFor</span> <span class=\"_ _11\"></span><span class=\"ff22\">Men <span class=\"_ _11\"></span>Magazine\u201d,</span> </span>\u201cNatural<span class=\"ff1f\"> <span class=\"_ _3\"></span></span>Style\u201d,<span class=\"ff1f\"> </span>Bell\u2019Italia\u201d,<span class=\"ff1f\"> </span>\u201cBell\u2019Europa\u201d,<span class=\"ff1f\"> </span>\u201cIn<span class=\"ff1f\"> <span class=\"_ _3\"></span></span>Viaggio\u201d,<span class=\"ff1f\"> <span class=\"_ _3\"></span></span>\u201cAirone\u201d,<span class=\"ff1f\"> </span>\u201cGardenia\u201d, <span class=\"_ _e\"></span>\u201cArte\u201d <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>\u201cAntiquaria<span class=\"_ _1\"></span>to\u201d, <span class=\"_ _e\"></span>e (ii) Cairo Publish<span class=\"_ _1\"></span>ing, che pubbl<span class=\"_ _1\"></span>ica libri; <span class=\"ff21 fs7 fc0\">Concessionarie <span class=\"_ _e\"></span><span class=\"ls5f\">di<span class=\"_ _3\"></span></span> <span class=\"_ _e\"></span>pubblicit\u00e0<span class=\"ff1f\">, <span class=\"_ _e\"></span>il <span class=\"_ _11\"></span>settore <span class=\"_ _e\"></span>include <span class=\"_ _e\"></span>le <span class=\"_ _11\"></span>due <span class=\"_ _11\"></span>societ\u00e0 <span class=\"_ _e\"></span>Cairo <span class=\"_ _e\"></span>Communication <span class=\"_ _e\"></span>S.p.A. <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>CAIRORC<span class=\"_ _1\"></span>S </span></span>Media S.p.A., ed <span class=\"_ _3\"></span>opera nella raccolta pubblicitari<span class=\"_ _1\"></span>a <span class=\"_ _15\"> </span>sul mezzo stampa per<span class=\"_ _3\"></span> le testate cartacee <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>online di RCS, per <span class=\"_ _e\"></span>le <span class=\"_ _3\"></span>testate <span class=\"_ _3\"></span>periodiche <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>Cairo <span class=\"_ _e\"></span>Ed<span class=\"_ _1\"></span>itore<span class=\"ff24\">, <span class=\"_ _e\"></span></span>nella <span class=\"_ _3\"></span>raccolta <span class=\"_ _3\"></span>pubblicitaria <span class=\"_ _e\"></span>sul <span class=\"_ _3\"></span>mezzo <span class=\"_ _3\"></span>TV <span class=\"_ _3\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>canali <span class=\"_ _e\"></span>La7 <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>La7d,<span class=\"_ _1\"></span> per <span class=\"_ _e\"></span>la <span class=\"_ _3\"></span>vendita <span class=\"_ _e\"></span>degli <span class=\"_ _3\"></span>spazi <span class=\"_ _e\"></span>pubbl<span class=\"_ _1\"></span>icitari <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>bordo <span class=\"_ _3\"></span>campo pr<span class=\"_ _3\"></span>esso <span class=\"_ _3\"></span><span class=\"ls2\">lo</span> <span class=\"_ _3\"></span>stadio <span class=\"_ _3\"></span>Olimpico <span class=\"_ _e\"></span><span class=\"ls6\">di</span> <span class=\"_ _e\"></span>Torino <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls2\">il</span> <span class=\"_ _3\"></span>Torino <span class=\"_ _e\"></span>FC <span class=\"_ _3\"></span>e per la raccolta pub<span class=\"_ _1\"></span>blicitaria<span class=\"_ _1\"></span> di alcuni altri <span class=\"_ _1\"></span>editori terzi; <span class=\"ff21 fs7 fc0\">Editoria televisiva La7 e operatore<span class=\"_ _1\"></span> <span class=\"ls27\">di</span> rete<span class=\"ff1f\">, il settore include La7 S.p.A., che opera come editore televisivo, </span></span>pubblicando <span class=\"_ _2\"></span>le e<span class=\"_ _1\"></span>mittenti <span class=\"_ _2\"></span>La7 e <span class=\"_ _2\"></span>La7d <span class=\"_ _2\"></span>Cairo <span class=\"_ _1\"></span>Network <span class=\"_ _2\"></span>S.r.l. <span class=\"_ _2\"></span>che, <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>corso <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>2014, <span class=\"_ _2\"></span><span class=\"ls6\">ha<span class=\"ls0\"> <span class=\"_ _2\"></span>partecipato <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>procedura </span></span>indetta <span class=\"_ _2\"></span>dal <span class=\"_ _2\"></span>Minis<span class=\"_ _1\"></span>tero <span class=\"_ _2\"></span>dello <span class=\"_ _2\"></span>Sviluppo <span class=\"_ _2\"></span>Econo<span class=\"_ _1\"></span>mico <span class=\"_ _2\"></span>aggiudican<span class=\"_ _1\"></span>dosi <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>diritti <span class=\"_ _2\"></span><span class=\"ff22\">d\u2019uso <span class=\"_ _2\"></span>di<span class=\"ff1f\"> <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>lott<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>frequenze <span class=\"_ _2\"></span><span class=\"ff22\">(\u201cMux\u201d).<span class=\"ff1f\"> </span></span></span></span></span></span>Con <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019<span class=\"_ _3\"></span>acquisto<span class=\"ff1f\"> <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>Mux, <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>Gruppo Cairo <span class=\"_ _2\"></span>Communicat<span class=\"_ _1\"></span>ion <span class=\"_ _1\"></span>\u00e8 diventato a<span class=\"_ _1\"></span>ttivo anche com<span class=\"_ _1\"></span>e operatore di <span class=\"_ _1\"></span>rete; </span></span></span></span><span class=\"ff21 fs7 fc0 ls15\">RCS<span class=\"ff1f ls0\">, <span class=\"_ _0\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>entra<span class=\"_ _1\"></span>to, <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>2016, <span class=\"_ _0\"></span>nel <span class=\"_ _212\"></span>settore <span class=\"_ _212\"></span><span class=\"ff22\">dell\u2019editoria<span class=\"ff1f\"> <span class=\"_ _212\"></span>quotidiana, <span class=\"_ _2\"></span>con <span class=\"ff22\">l\u2019acquisizione</span> de<span class=\"_ _1\"></span>l controllo di RCS.<span class=\"_ _1\"></span> </span></span></span></span></span></span>RCS, <span class=\"_ _16\"> </span>di<span class=\"_ _3\"></span>rettamente <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>attraverso <span class=\"_ _f\"> </span><span class=\"ls2\">le</span> <span class=\"_ _f\"> </span>sue <span class=\"_ _f\"> </span>controllate, <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _12\"> </span>attiva <span class=\"_ _12\"> </span>in <span class=\"_ _12\"> </span>Italia <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>in <span class=\"_\"> </span>Sp<span class=\"_ _1\"></span>agna <span class=\"_ _12\"> </span>nella <span class=\"_ _12\"> </span>pubblicazi<span class=\"_ _1\"></span>one <span class=\"_ _12\"> </span>e commercializzaz<span class=\"_ _1\"></span>ione <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>q<span class=\"_ _1\"></span>uotidiani, <span class=\"_ _12\"> </span>periodici <span class=\"_ _5\"> </span>(settimanali <span class=\"_ _4\"> </span>e <span class=\"_ _5\"> </span>mensili), <span class=\"_ _5\"> </span>nella <span class=\"_ _4\"> </span>r<span class=\"_ _3\"></span>elativa <span class=\"_ _5\"> </span>attivit\u00e0 <span class=\"_ _4\"> </span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _5\"> </span>raccolta pubblicitaria <span class=\"_ _a\"> </span><span class=\"ls33\">su</span> <span class=\"_ _12\"> </span>stampa<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>e <span class=\"_ _e\"></span>online <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>Spagna, <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>nella <span class=\"_ _11\"></span>distribuz<span class=\"_ _1\"></span>ione <span class=\"_ _11\"></span>editoriale <span class=\"_ _e\"></span>nel <span class=\"_ _11\"></span>canale <span class=\"_ _e\"></span>delle <span class=\"_ _11\"></span>edicole. <span class=\"_ _11\"></span>RCS <span class=\"_ _e\"></span>\u00e8 inoltre <span class=\"_ _2\"></span>marginalmente <span class=\"_ _2\"></span>attiva, <span class=\"_ _2\"></span>in Ita<span class=\"_ _1\"></span>lia, <span class=\"_ _2\"></span>nel <span class=\"_ _1\"></span>mercato <span class=\"_ _2\"></span>della <span class=\"ff24\">pay <span class=\"_ _2\"></span>tv<span class=\"ff1f\">, <span class=\"_ _2\"></span>con <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>canali <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>elevisi<span class=\"_ _1\"></span>vi <span class=\"_ _1\"></span>satellitar<span class=\"ls2\">i <span class=\"_ _2\"></span><span class=\"ff24 ls0\">Caccia <span class=\"_ _2\"></span>e P<span class=\"_ _2\"></span>esca </span></span></span></span>e attraverso le web <span class=\"_ _1\"></span>tv del C<span class=\"_ _1\"></span>orriere della Se<span class=\"_ _1\"></span>ra e della Gazze<span class=\"_ _1\"></span>tta dello Spor<span class=\"_ _1\"></span>t. In <span class=\"_ _1\"></span>Spagna <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>presente <span class=\"_ _2\"></span>con la <span class=\"_ _2\"></span>prima rad<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>sportiva <span class=\"_ _1\"></span>naz<span class=\"_ _1\"></span>ionale <span class=\"ff24\">Rad<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>Marca<span class=\"ff1f\">, <span class=\"_ _2\"></span>con la <span class=\"_ _1\"></span>web <span class=\"_ _2\"></span>tv di E<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Mundo <span class=\"_ _2\"></span>ed emette<span class=\"_ _1\"></span> </span></span>attraverso il <span class=\"_ _1\"></span>multiplex Veo <span class=\"_ _1\"></span>i due canali di <span class=\"_ _1\"></span>tv digitale <span class=\"ff24\">GOL Televis<span class=\"_ _1\"></span>ion <span class=\"ff1f ls3\">e </span>Discovery max<span class=\"ff1f\">. </span></span>RCS <span class=\"_ _2\"></span>organizza, <span class=\"_ _2\"></span>inoltre, <span class=\"_ _2\"></span>attraverso <span class=\"_ _2\"></span>RCS <span class=\"_ _2\"></span>Sport <span class=\"_ _2\"></span>ed R<span class=\"_ _1\"></span>CS <span class=\"_ _2\"></span>Sports <span class=\"_ _2\"></span>&amp; <span class=\"_ _2\"></span>Events <span class=\"_ _1\"></span>eventi <span class=\"_ _2\"></span>sportivi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>significativa <span class=\"_ _2\"></span>rilevanza<span class=\"_ _1\"></span> a <span class=\"_ _2\"></span>livello <span class=\"_ _0\"></span>mondiale <span class=\"_ _2\"></span>(<span class=\"ff24\">inter <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>lia: <span class=\"_ _2\"></span><span class=\"ff1f ls2\">il <span class=\"_ _0\"></span><span class=\"ff25 ls0\">Giro <span class=\"_ _2\"></span>d\u2019Ital<span class=\"_ _1\"></span>ia<span class=\"ff22\">, <span class=\"_ _2\"></span>l\u2019<span class=\"ff24\">UAE <span class=\"_ _0\"></span>Tour<span class=\"ff1f\">, <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span><span class=\"ff24\">Milano <span class=\"_ _0\"></span>City <span class=\"_ _2\"></span>Maratho<span class=\"_ _1\"></span>n<span class=\"ff1f\">) <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>si <span class=\"_ _0\"></span>propone <span class=\"_ _2\"></span>come <span class=\"_ _0\"></span><span class=\"ff24\">partner </span></span></span></span></span></span></span></span></span>per l\u2019ideazione e <span class=\"_ _1\"></span>l\u2019organizz<span class=\"_ _1\"></span>azione di eve<span class=\"_ _1\"></span>nti attraverso <span class=\"_ _1\"></span>RCS Live.<span class=\"ff1f\"> </span>Con <span class=\"_ _2\"></span><span class=\"ff24\">Solferino <span class=\"_ _2\"></span>- <span class=\"_ _2\"></span><span class=\"ff1f\">i <span class=\"_ _2\"></span>libri <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span><span class=\"ff24\">Corriere <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>Sera <span class=\"_ _2\"></span><span class=\"ff1f ls30\">RCS<span class=\"ls0\"> <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>attiva <span class=\"_ _2\"></span><span class=\"ff22\">nell\u2019editoria<span class=\"ff1f\"> <span class=\"_ _2\"></span>libraria <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>partire <span class=\"_ _2\"></span>da <span class=\"_ _1\"></span>marzo <span class=\"_ _2\"></span>2019 opera<span class=\"_ _1\"></span> </span></span></span></span></span></span></span>RCS Academy la nu<span class=\"_ _1\"></span>ova Bus<span class=\"_ _1\"></span>iness School del g<span class=\"_ _1\"></span>ruppo RCS; 2022E<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>a Co<span class=\"_ _2\"></span>nces<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iona<span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>eE<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>a <span class=\"_ _2\"></span>tel<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a RCSI<span class=\"_ _2\"></span>nf<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>e no<span class=\"_ _2\"></span>n T<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le(V<span class=\"_ _0\"></span>alori<span class=\"_ _2\"></span> i<span class=\"_ _1\"></span>n m<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>E<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>ro)p<span class=\"_ _2\"></span>eri<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i L<span class=\"_ _2\"></span>a7 e op<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>ore d<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>oca<span class=\"_ _1\"></span>teCa<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ro <span class=\"_ _1\"></span>E<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>rere<span class=\"_ _3\"></span>teRicav<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>i net<span class=\"_ _1\"></span>ti<span class=\"_ _b5\"> </span>79<span class=\"_ _3\"></span>,5<span class=\"_ _213\"> </span>3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _68\"> </span>11<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,8<span class=\"_ _a9\"> </span>8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,0<span class=\"_ _1a\"> </span>(3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,9)<span class=\"_ _18\"> </span>1<span class=\"_ _3\"></span>.06<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0V<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> r<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _214\"> </span>0<span class=\"_ _1\"></span>,0<span class=\"_ _7b\"> </span><span class=\"fc0\">-<span class=\"_ _f0\"> </span>-<span class=\"_ _15c\"> </span></span>2,<span class=\"_ _1\"></span>4<span class=\"_ _52\"> </span><span class=\"fc0\">-<span class=\"_ _110\"> </span></span>2<span class=\"_ _1\"></span>,4A<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tri<span class=\"_ _2\"></span> p<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _215\"> </span>7<span class=\"_ _1\"></span>,9<span class=\"_ _187\"> </span>6,2<span class=\"_ _1a4\"> </span>4<span class=\"_ _2\"></span>,6<span class=\"_ _15e\"> </span>3<span class=\"_ _2\"></span>6,0<span class=\"_ _6b\"> </span>(<span class=\"_ _2\"></span>5,6<span class=\"_ _2\"></span>)<span class=\"_ _a9\"> </span>49<span class=\"_ _1\"></span>,2T<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le<span class=\"_ _3\"></span> ric<span class=\"_ _3\"></span>av<span class=\"_ _0\"></span>i<span class=\"_ _216\"> </span>8<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,5<span class=\"_ _213\"> </span>35<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,8<span class=\"_ _68\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _a9\"> </span>8<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,4<span class=\"_ _1a\"> </span>(33<span class=\"_ _3\"></span>0<span class=\"_ _e\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _18\"> </span>1.1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,7C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> dell<span class=\"_ _2\"></span>a p<span class=\"_ _3\"></span>rod<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _11e\"> </span>(66<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>)<span class=\"_ _8d\"> </span>(3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>7,5<span class=\"_ _2\"></span>)<span class=\"_ _154\"> </span>(66<span class=\"_ _2\"></span>,5<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(5<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>0,6<span class=\"_ _2\"></span>)<span class=\"_ _10e\"> </span>3<span class=\"_ _2\"></span>30<span class=\"_ _1\"></span>,7<span class=\"_ _217\"> </span>(6<span class=\"_ _2\"></span>40<span class=\"_ _2\"></span>,6<span class=\"_ _1\"></span>)C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> pers<span class=\"_ _e\"></span>on<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _218\"> </span>(1<span class=\"_ _2\"></span>6,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span>(2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,5)<span class=\"_ _159\"> </span>(3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(2<span class=\"_ _2\"></span>38<span class=\"_ _2\"></span>,6<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _219\"> </span>(3<span class=\"_ _2\"></span>15<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>)Pr<span class=\"_ _1\"></span>ov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> (<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) no<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>co<span class=\"_ _3\"></span>rrent<span class=\"_ _3\"></span>i<span class=\"_ _21a\"> </span><span class=\"fc0\">-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _160\"> </span></span>(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _52\"> </span><span class=\"fc0\">-<span class=\"_ _14c\"> </span></span>(1<span class=\"_ _2\"></span>2,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ine op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> l<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>o<span class=\"_ _1c4\"> </span>4<span class=\"_ _3\"></span>,4<span class=\"_ _21b\"> </span>4<span class=\"_ _3\"></span>,8<span class=\"_ _81\"> </span>15<span class=\"_ _3\"></span>,6<span class=\"_ _a9\"> </span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _1b\"> </span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1A<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ort<span class=\"_ _3\"></span>am<span class=\"_ _2\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i,<span class=\"_ _1\"></span> acc.t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e s<span class=\"_ _e\"></span>va<span class=\"_ _3\"></span>luta<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _21c\"> </span>(2<span class=\"_ _2\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _84\"> </span>(2,<span class=\"_ _2\"></span>2)<span class=\"_ _154\"> </span>(1<span class=\"_ _2\"></span>6,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _dd\"> </span>(57<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _15f\"> </span>0<span class=\"_ _1\"></span>,0<span class=\"_ _1a\"> </span>(<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>o<span class=\"_ _21d\"> </span>1<span class=\"_ _3\"></span>,9<span class=\"_ _21b\"> </span>2,6<span class=\"_ _6f\"> </span>(<span class=\"_ _1\"></span>0,4<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>6<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,0<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _21e\"> </span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,3A<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tri<span class=\"_ _2\"></span> p<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> (<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) da at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _3\"></span>/p<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0 fi<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _165\"> </span><span class=\"fc0\">-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _6b\"> </span></span>(4,<span class=\"_ _2\"></span>1)<span class=\"_ _52\"> </span><span class=\"fc0\">-<span class=\"_ _21e\"> </span></span>(4<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)G<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span>e fi<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _e\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _2\"></span>a<span class=\"_ _21f\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _84\"> </span>(0,<span class=\"_ _2\"></span>3)<span class=\"_ _81\"> </span>(0<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span>(8<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _15d\"> </span>(<span class=\"_ _2\"></span>0,0<span class=\"_ _2\"></span>)<span class=\"_ _21e\"> </span>(8<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ell<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> im<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>os<span class=\"_ _3\"></span>te<span class=\"_ _1f5\"> </span>1<span class=\"_ _3\"></span>,8<span class=\"_ _21b\"> </span>2<span class=\"_ _3\"></span>,3<span class=\"_ _6f\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,0<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _21e\"> </span>56<span class=\"_ _3\"></span>,4Im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _e\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>e s<span class=\"_ _e\"></span>u<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> red<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _1b3\"> </span>0,<span class=\"_ _2\"></span>9<span class=\"_ _67\"> </span>(1<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _81\"> </span>(0<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _220\"> </span>(4<span class=\"_ _2\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span>(0<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _21e\"> </span>(4<span class=\"_ _1\"></span>,7<span class=\"_ _2\"></span>)Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> nett<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _2\"></span>eri<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _221\"> </span>2<span class=\"_ _3\"></span>,8<span class=\"_ _21b\"> </span>1,2<span class=\"_ _6f\"> </span>(<span class=\"_ _1\"></span>0,8<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,5<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _21e\"> </span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,7Di cui d<span class=\"_ _2\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rti<span class=\"_ _3\"></span>nenza<span class=\"_ _1\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> terzi<span class=\"_ _222\"> </span><span class=\"fc0\">-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _21e\"> </span></span>(19<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _6b\"> </span><span class=\"ff1f\">(0,<span class=\"_ _2\"></span>0)<span class=\"_ _223\"> </span><span class=\"ff21\">(19<span class=\"_ _3\"></span>,6)</span></span>2021E<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>a Co<span class=\"_ _2\"></span>nces<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iona<span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>eE<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>a <span class=\"_ _2\"></span>tel<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a RCSI<span class=\"_ _2\"></span>nf<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>e no<span class=\"_ _2\"></span>n T<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le(V<span class=\"_ _0\"></span>alori<span class=\"_ _2\"></span> i<span class=\"_ _1\"></span>n m<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>E<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>ro)p<span class=\"_ _2\"></span>eri<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i L<span class=\"_ _2\"></span>a7 e op<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>ore d<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>oca<span class=\"_ _1\"></span>teCa<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ro <span class=\"_ _1\"></span>E<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>rere<span class=\"_ _3\"></span>teRicav<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>i net<span class=\"_ _1\"></span>ti<span class=\"_ _b5\"> </span><span class=\"fc1\">84<span class=\"_ _3\"></span>,2<span class=\"_ _213\"> </span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,8<span class=\"_ _68\"> </span>11<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,3<span class=\"_ _a9\"> </span>8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,2<span class=\"_ _1a\"> </span>(3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,8)<span class=\"_ _18\"> </span>1<span class=\"_ _3\"></span>.07<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,7</span>V<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> r<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _178\"> </span><span class=\"fc1\">-<span class=\"_ _7b\"> </span></span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _15c\"> </span><span class=\"fc1\">0,4<span class=\"_ _203\"> </span></span>-<span class=\"_ _110\"> </span><span class=\"fc1\">0,4</span>A<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tri<span class=\"_ _2\"></span> p<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _215\"> </span>4<span class=\"_ _1\"></span>,2<span class=\"_ _187\"> </span>4,1<span class=\"_ _1a4\"> </span>2<span class=\"_ _2\"></span>,8<span class=\"_ _15e\"> </span>3<span class=\"_ _2\"></span>3,0<span class=\"_ _6b\"> </span><span class=\"fc0\">(<span class=\"_ _2\"></span>4,9<span class=\"_ _2\"></span>)<span class=\"_ _a9\"> </span><span class=\"fc1\">39<span class=\"_ _1\"></span>,1</span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le<span class=\"_ _3\"></span> ric<span class=\"_ _3\"></span>av<span class=\"_ _0\"></span>i<span class=\"_ _216\"> </span><span class=\"fc1\">8<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,4<span class=\"_ _213\"> </span>37<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,9<span class=\"_ _68\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2<span class=\"_ _a9\"> </span>8<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _1a\"> </span>(34<span class=\"_ _3\"></span>6<span class=\"_ _e\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _18\"> </span>1.1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,3</span>C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> dell<span class=\"_ _2\"></span>a p<span class=\"_ _3\"></span>rod<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _11e\"> </span><span class=\"fc1\">(61<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>)<span class=\"_ _8d\"> </span>(3<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>6,6<span class=\"_ _2\"></span>)<span class=\"_ _154\"> </span>(61<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>2,4<span class=\"_ _2\"></span>)<span class=\"_ _10e\"> </span>3<span class=\"_ _2\"></span>47<span class=\"_ _1\"></span>,0<span class=\"_ _217\"> </span>(6<span class=\"_ _2\"></span>05<span class=\"_ _2\"></span>,5<span class=\"_ _1\"></span>)</span>C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> pers<span class=\"_ _e\"></span>on<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _218\"> </span><span class=\"fc1\">(1<span class=\"_ _2\"></span>7,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span>(2<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,4)<span class=\"_ _159\"> </span>(3<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(2<span class=\"_ _2\"></span>41<span class=\"_ _2\"></span>,8<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _219\"> </span>(3<span class=\"_ _2\"></span>21<span class=\"_ _2\"></span>,6<span class=\"_ _1\"></span>)</span>Pr<span class=\"_ _1\"></span>ov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> (<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) no<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>co<span class=\"_ _3\"></span>rrent<span class=\"_ _3\"></span>i<span class=\"_ _21a\"> </span>-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _6b\"> </span><span class=\"fc1\">(3<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)<span class=\"_ _52\"> </span><span class=\"fc0\">-<span class=\"_ _21e\"> </span></span>(3,<span class=\"_ _2\"></span>8)</span>M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ine op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> l<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>o<span class=\"_ _1c4\"> </span><span class=\"fc1\">9<span class=\"_ _3\"></span>,2<span class=\"_ _21b\"> </span>2<span class=\"_ _3\"></span>,9<span class=\"_ _81\"> </span>15<span class=\"_ _3\"></span>,5<span class=\"_ _a9\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,5<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1b\"> </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=\"_ _2\"></span>m<span class=\"_ _2\"></span>ort<span class=\"_ _3\"></span>am<span class=\"_ _2\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i,<span class=\"_ _1\"></span> acc.t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e s<span class=\"_ _e\"></span>va<span class=\"_ _3\"></span>luta<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _21c\"> </span><span class=\"fc1\">(1<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>)<span class=\"_ _84\"> </span>(2,<span class=\"_ _2\"></span>1)<span class=\"_ _154\"> </span>(1<span class=\"_ _2\"></span>6,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _dd\"> </span>(56<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _68\"> </span>-<span class=\"_ _1a\"> </span>(7<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>2)</span>Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>o<span class=\"_ _21d\"> </span><span class=\"fc1\">7<span class=\"_ _3\"></span>,4<span class=\"_ _21b\"> </span>0,8<span class=\"_ _6f\"> </span>(<span class=\"_ _1\"></span>0,7<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1b\"> </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=\"_ _1\"></span>tri<span class=\"_ _2\"></span> p<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> (<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) da at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _3\"></span>/p<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0 fi<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _165\"> </span>-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _15c\"> </span><span class=\"fc1\">4,<span class=\"_ _1\"></span>6<span class=\"_ _203\"> </span><span class=\"fc0\">-<span class=\"_ _6b\"> </span></span>4<span class=\"_ _2\"></span>,6</span>G<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span>e fi<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _e\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _2\"></span>a<span class=\"_ _10f\"> </span><span class=\"fc1\">-<span class=\"_ _67\"> </span>(0<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>)<span class=\"_ _8c\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _160\"> </span>(1<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>6)<span class=\"_ _52\"> </span>-<span class=\"_ _1a\"> </span>(1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)</span>Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ell<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> im<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>os<span class=\"_ _3\"></span>te<span class=\"_ _1f5\"> </span><span class=\"fc1\">7<span class=\"_ _3\"></span>,3<span class=\"_ _21b\"> </span>0<span class=\"_ _3\"></span>,4<span class=\"_ _6f\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>8<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _21e\"> </span>96<span class=\"_ _3\"></span>,8</span>Im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _e\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>e s<span class=\"_ _e\"></span>u<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> red<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _224\"> </span><span class=\"fc1\">(0<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>)<span class=\"_ _84\"> </span>(0,<span class=\"_ _2\"></span>5)<span class=\"_ _1a4\"> </span>2,<span class=\"_ _2\"></span>7<span class=\"_ _160\"> </span>(1<span class=\"_ _2\"></span>8,0<span class=\"_ _2\"></span>)<span class=\"_ _220\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _1a\"> </span>(1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,8)</span>Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> nett<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _2\"></span>eri<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _221\"> </span><span class=\"fc1\">6<span class=\"_ _3\"></span>,4<span class=\"_ _1a4\"> </span>(0,1)<span class=\"_ _10a\"> </span>1,9<span class=\"_ _6b\"> </span>7<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,6<span class=\"_ _53\"> </span>0,1<span class=\"_ _21e\"> </span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,9</span>Di cui d<span class=\"_ _2\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rti<span class=\"_ _3\"></span>nenza<span class=\"_ _1\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> terzi<span class=\"_ _222\"> </span>-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _110\"> </span><span class=\"fc1\">2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,9<span class=\"_ _28\"> </span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,9</span>Il<span class=\"ls0\"> manage<span class=\"_ _1\"></span>ment <span class=\"_ _2\"></span>monitora i <span class=\"_ _2\"></span>risultati op<span class=\"_ _2\"></span>erativi delle <span class=\"_ _2\"></span><span class=\"ff24\">business un<span class=\"_ _1\"></span>its <span class=\"ff1f\">s<span class=\"_ _1\"></span>eparatament<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>fine <span class=\"_ _2\"></span>di definire <span class=\"_ _e\"></span><span class=\"ff22\">l\u2019allocazione</span> </span></span></span>delle <span class=\"_ _7\"></span>risorse <span class=\"_ _a\"> </span>e <span class=\"_ _7\"></span><span class=\"ls2\">la</span> <span class=\"_ _a\"></span>va<span class=\"_ _1\"></span>lutazione <span class=\"_ _7\"></span>dei <span class=\"_ _a\"></span>risul<span class=\"_ _1\"></span>tati. <span class=\"_ _a\"></span>I <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>ezzi <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _a\"></span>trasferi<span class=\"_ _1\"></span>mento 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=\"_ _1\"></span>ni di merca<span class=\"_ _1\"></span>to applicabili ne<span class=\"_ _1\"></span>lle trans<span class=\"_ _1\"></span>azioni con terzi. I <span class=\"_ _6\"></span>dati <span class=\"_ _6\"></span>patrimoniali <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>settore, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>particolare <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>totale <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>ciascun <span class=\"_ _7\"></span>settore<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>ogge<span class=\"_ _1\"></span>tto <span class=\"_ _7\"></span>di informativa, <span class=\"_ _11\"></span>non <span class=\"_ _11\"></span>costituiscono <span class=\"_ _6\"></span>invece <span class=\"_ _11\"></span>valori <span class=\"_ _6\"></span>forniti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>periodicam<span class=\"_ _1\"></span>ente <span class=\"_ _11\"></span><span class=\"ls4\">al</span> <span class=\"_ _6\"></span>p<span class=\"_ _1\"></span>i\u00f9<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>alto <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>ivello <span class=\"_ _e\"></span>decision<span class=\"_ _1\"></span>ale <span class=\"_ _e\"></span>opera<span class=\"_ _1\"></span>tivo. Tale <span class=\"_ _2\"></span>dettaglio <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>viene <span class=\"_ _2\"></span>quindi <span class=\"_ _2\"></span>fornito <span class=\"_ _2\"></span>nelle <span class=\"_ _2\"></span>presenti <span class=\"_ _2\"></span><span class=\"ff22\">no<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>plicativ<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>accordo <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>l\u2019emendamento <span class=\"_ _2\"></span>dell\u2019IFRS </span>8 - Settori operat<span class=\"_ _1\"></span>ivi. 15. Ut<span class=\"_ _2\"></span>ile <span class=\"_ _1\"></span>per<span class=\"_ _2\"></span> azio<span class=\"_ _1\"></span>ne L\u2019utile<span class=\"ff1f\"> <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>azione <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>calcolato <span class=\"_ _3\"></span>dividendo <span class=\"_ _3\"></span><span class=\"ls16\">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=\"ls16\">la<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>media <span class=\"_ _e\"></span>ponderata <span class=\"_ _3\"></span>delle </span>azioni <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> c<span class=\"_ _1\"></span>ircolazione, <span class=\"_ _2\"></span>escludendo <span class=\"_ _1\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>media <span class=\"_ _2\"></span>ponderata <span class=\"ls6\">di</span> <span class=\"_ _2\"></span>azi<span class=\"_ _3\"></span>oni <span class=\"_ _2\"></span>proprie. <span class=\"_ _1\"></span>Nel de<span class=\"_ _2\"></span>ttagl<span class=\"_ _1\"></span>io<span class=\"_ _2\"></span>: </span></span></span></span>De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne2022<span class=\"_ _189\"> </span>2021Mi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _2\"></span>roRi<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>tato<span class=\"_ _1\"></span> del<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rti<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span> G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _4d\"> </span>3<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>1<span class=\"_ _164\"> </span>51<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0Ri<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>tato<span class=\"_ _1\"></span> del<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ssa<span class=\"_ _3\"></span>te<span class=\"_ _225\"> </span>-<span class=\"_ _40\"> </span>-Ris<span class=\"_ _e\"></span>ul<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>tto<span class=\"_ _3\"></span> de<span class=\"_ _e\"></span>ll\u2019e<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>rciz<span class=\"_ _2\"></span>io<span class=\"_ _226\"> </span><span class=\"ff21\">3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _98\"> </span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0</span>Num<span class=\"_ _2\"></span>ero m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> po<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rato d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ci<span class=\"_ _2\"></span>rcol<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _173\"> </span>13<span class=\"_ _2\"></span>4.4<span class=\"_ _2\"></span>16<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>8<span class=\"_ _66\"> </span>1<span class=\"_ _2\"></span>34<span class=\"_ _2\"></span>.41<span class=\"_ _2\"></span>6.5<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>8Num<span class=\"_ _2\"></span>ero m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> po<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rato d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>pri<span class=\"_ _0\"></span>e<span class=\"_ _227\"> </span>(7<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>9)<span class=\"_ _2b\"> </span>(77<span class=\"_ _2\"></span>9)Num<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>me<span class=\"_ _e\"></span>d<span class=\"_ _1\"></span>io <span class=\"_ _3\"></span>pond<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>di a<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>oni pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _e\"></span>te<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _e\"></span>ll<span class=\"_ _1\"></span>\u2019uti<span class=\"_ _2\"></span>le<span class=\"_ _11\"></span> pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span> az<span class=\"_ _2\"></span>ione<span class=\"_ _a0\"> </span><span class=\"ff21\">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=\"_ _15a\"> </span>1<span class=\"_ _3\"></span>3<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>Eu<span class=\"_ _2\"></span>ro:Uti<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> per a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne a<span class=\"_ _3\"></span>ttri<span class=\"_ _0\"></span>bu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 i<span class=\"_ _2\"></span>n con<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ui<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _228\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _2b\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>0Uti<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> (perdi<span class=\"_ _0\"></span>ta) <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>ttri<span class=\"_ _0\"></span>bu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 c<span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>sa<span class=\"_ _3\"></span>te<span class=\"_ _229\"> </span>-<span class=\"_ _40\"> </span>-Ris<span class=\"_ _e\"></span>ul<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>az<span class=\"_ _2\"></span>ione<span class=\"_ _e\"></span> da<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 in<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>ntin<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>ce<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ate<span class=\"_ _fd\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _169\"> </span>0,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0L\u2019u<span class=\"_ _2\"></span>tile <span class=\"_ _2\"></span>dilu<span class=\"_ _2\"></span>ito <span class=\"_ _1\"></span>pe<span class=\"_ _2\"></span>r az<span class=\"_ _1\"></span>ion<span class=\"_ _2\"></span>e n<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>\u00e8 st<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>calco<span class=\"_ _2\"></span>lato <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>an<span class=\"_ _2\"></span>to <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>esi<span class=\"_ _1\"></span>sto<span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>azion<span class=\"_ _2\"></span>i av<span class=\"_ _2\"></span>enti <span class=\"_ _2\"></span>pot<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>zia<span class=\"_ _2\"></span>le effetto <span class=\"_ _1\"></span>diluitivo. NO<span class=\"_ _1\"></span>TE <span class=\"_ _2\"></span><span class=\"ls63\">DI<span class=\"ls0\"> COMME<span class=\"_ _1\"></span>NTO<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>DE<span class=\"_ _1\"></span>LLE <span class=\"_ _2\"></span>VOCI <span class=\"_ _2\"></span>DELLO <span class=\"_ _2\"></span>STATO<span class=\"_ _1\"></span> </span></span>PA<span class=\"_ _1\"></span>TRIMO<span class=\"_ _2\"></span>NIALE <span class=\"_ _2\"></span>CONSOLID<span class=\"_ _1\"></span>ATO 16. I<span class=\"_ _2\"></span>mmobili<span class=\"_ _1\"></span>, <span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>nve<span class=\"_ _2\"></span>stime<span class=\"_ _1\"></span>nti<span class=\"_ _2\"></span> immobi<span class=\"_ _1\"></span>lia<span class=\"_ _2\"></span>ri, <span class=\"_ _2\"></span>imp<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>mac<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ri La movimentaz<span class=\"_ _1\"></span>ione delle i<span class=\"_ _1\"></span>mmobilizzazion<span class=\"_ _1\"></span>i materiali <span class=\"_ _1\"></span>pu\u00f2 essere dett<span class=\"_ _1\"></span>agliata come seg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneTe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ni e<span class=\"_ _e\"></span> B<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>ni Im<span class=\"_ _1\"></span>pi<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>ti e<span class=\"_ _e\"></span> Altr<span class=\"_ _2\"></span>i be<span class=\"_ _e\"></span>niIm<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ob.ni<span class=\"_ _1\"></span> in Inve<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>time<span class=\"_ _e\"></span>n<span class=\"_ _2\"></span>ti TotaleIm<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>obil<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>hi<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>rico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oim<span class=\"_ _2\"></span>mobi<span class=\"_ _1\"></span>lia<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>iV<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _b0\"> </span>19<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _b9\"> </span>24<span class=\"_ _3\"></span>,4<span class=\"_ _7d\"> </span>6,<span class=\"_ _3\"></span>4<span class=\"_ _156\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _10a\"> </span>7,<span class=\"_ _3\"></span>0<span class=\"_ _22a\"> </span>5<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>0Acqu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _82\"> </span>6<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>7<span class=\"_ _198\"> </span>0<span class=\"_ _2\"></span>,5<span class=\"_ _2f\"> </span>2,<span class=\"_ _2\"></span>0<span class=\"_ _20a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5-6<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,7Al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>/Di<span class=\"_ _2\"></span>sm<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni--<span class=\"_ _84\"> </span>--<span class=\"_ _b9\"> </span>--Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span><span class=\"fc0\"> e<span class=\"_ _3\"></span> sval<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ta<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _91\"> </span><span class=\"fc1\">(2,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _b9\"> </span>(6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7)<span class=\"_ _61\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0)</span></span>-(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1)<span class=\"_ _21e\"> </span>(1<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ov<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i-0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _156\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _7e\"> </span>(0,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>)--V<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _b0\"> </span>78<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _b9\"> </span>18<span class=\"_ _3\"></span>,3<span class=\"_ _7d\"> </span>6,<span class=\"_ _3\"></span>5<span class=\"_ _156\"> </span>0<span class=\"_ _3\"></span>,5<span class=\"_ _10a\"> </span>6,<span class=\"_ _3\"></span>9<span class=\"_ _22b\"> </span>1<span class=\"_ _3\"></span>10<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9La <span class=\"_ _2\"></span>voce, par<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>ad E<span class=\"_ _1\"></span>uro <span class=\"_ _1\"></span>110,9<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>mili<span class=\"_ _3\"></span>oni, <span class=\"_ _2\"></span>presenta <span class=\"_ _2\"></span>un <span class=\"_ _1\"></span>incremento <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Euro 53,9 <span class=\"_ _2\"></span>milioni <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></span>2021. In particolare, <span class=\"_ _1\"></span>la voce inc<span class=\"_ _2\"></span>lud<span class=\"_ _1\"></span>e:<span class=\"_ _1\"></span> terreni <span class=\"_\"> </span>e <span class=\"_\"> </span>be<span class=\"_ _1\"></span>ni <span class=\"_\"> </span>immob<span class=\"_ _1\"></span>ili <span class=\"_\"> </span>p<span class=\"_ _1\"></span>er <span class=\"_\"> </span>Euro <span class=\"_\"> </span>78,7 <span class=\"_ _12\"> </span>milioni. <span class=\"_\"> </span>L\u2019i<span class=\"_ _1\"></span>ncremento <span class=\"_\"> </span>r<span class=\"_ _1\"></span>ispetto <span class=\"_\"> </span>a<span class=\"_ _1\"></span>ll\u2019anno <span class=\"_ _12\"> </span>precedente <span class=\"_\"> </span>\u00e8 <span class=\"_ _12\"> </span>attribuibile prevalentemente <span class=\"_ _1\"></span>all\u2019acqui<span class=\"_ _1\"></span>sto<span class=\"ff1f\"> da par</span>te <span class=\"_ _1\"></span>di RCS <span class=\"_ _2\"></span>Me<span class=\"_ _3\"></span>diagroup <span class=\"_ _1\"></span>S.p.A. dell\u2019im<span class=\"_ _1\"></span>mobile e <span class=\"_ _2\"></span>del<span class=\"_ _3\"></span> terreno <span class=\"_ _1\"></span>in Via <span class=\"_ _1\"></span>Solferino<span class=\"_ _1\"></span> a M<span class=\"_ _1\"></span>ilano, <span class=\"_ _2\"></span>sede <span class=\"_ _1\"></span>storica <span class=\"_ _2\"></span>del C<span class=\"_ _1\"></span>orriere <span class=\"_ _2\"></span>della Se<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>a. L<span class=\"_ _2\"></span>a voce <span class=\"_ _2\"></span>include <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>noltre <span class=\"_ _2\"></span>altri <span class=\"_ _1\"></span>fabbricati <span class=\"_ _2\"></span>industriali d<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>proprie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>(in particolare <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>complesso <span class=\"_ _2\"></span>industriale <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Pessano <span class=\"_ _2\"></span>con <span class=\"_ _1\"></span>Bornago) <span class=\"_ _2\"></span>nonch\u00e9 <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>migliorie <span class=\"_ _2\"></span>realizzate <span class=\"_ _2\"></span>sugli <span class=\"_ _2\"></span>uffici <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Via Rizzoli e Via S<span class=\"_ _1\"></span>olferino e su<span class=\"_ _1\"></span> altri fabbricati <span class=\"_ _1\"></span>industriali n<span class=\"_ _1\"></span>on di propriet\u00e0. <span class=\"ff1f fs7 fc0\">impianti <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>macchinari <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>18,3 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>costituiti <span class=\"_ _3\"></span>principalmente da <span class=\"_ _3\"></span>impianti <span class=\"_ _3\"></span>produttivi <span class=\"_ _e\"></span>per <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>stampa <span class=\"_ _e\"></span>di </span>quotidiani e perio<span class=\"_ _1\"></span>dici; <span class=\"ff1f fs7 fc0\">altri <span class=\"_ _e\"></span>beni <span class=\"_ _e\"></span>per <span class=\"_ _11\"></span>Euro <span class=\"_ _e\"></span>6,5 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>costituiti <span class=\"_ _e\"></span>principalmen<span class=\"_ _1\"></span>te <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>server <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span><span class=\"ff22\">l\u2019archiviazione</span> <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>dati <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>sup<span class=\"_ _1\"></span>po<span class=\"_ _2\"></span>rto <span class=\"_ _11\"></span>dei </span>sis<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>mi <span class=\"_ _2\"></span>edito<span class=\"_ _2\"></span>rial<span class=\"_ _1\"></span>i e<span class=\"_ _2\"></span> ges<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>i, pe<span class=\"_ _1\"></span>rso<span class=\"_ _1\"></span>na<span class=\"_ _2\"></span>l co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ute<span class=\"_ _2\"></span>r, a<span class=\"_ _1\"></span>ppa<span class=\"_ _2\"></span>rec<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>atu<span class=\"_ _2\"></span>re e<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>arie e mobili e <span class=\"_ _1\"></span>arredi; <span class=\"ff1f fs7 fc0\">investimenti <span class=\"_ _6\"></span>immobiliari <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Euro <span class=\"_ _11\"></span>6,9 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>relativi <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span><span class=\"ls3\">ad</span> <span class=\"_ _7\"></span>edifici <span class=\"_ _6\"></span>industriali al mo<span class=\"_ _1\"></span>mento non<span class=\"_ _1\"></span> </span>utilizzati presen<span class=\"_ _1\"></span>ti nelle ci<span class=\"_ _1\"></span>tt\u00e0 di Madrid e Tor<span class=\"_ _1\"></span>ino. 17. D<span class=\"_ _2\"></span>iritt<span class=\"_ _2\"></span>i d\u2019us<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>ni i<span class=\"_ _1\"></span>n l<span class=\"_ _2\"></span>easin<span class=\"_ _1\"></span>g La<span class=\"ls0\"> <span class=\"_ _11\"></span>voce <span class=\"_ _e\"></span>include <span class=\"_ _3\"></span>i <span class=\"_ _11\"></span>diritti <span class=\"_ _e\"></span><span class=\"ff22\">d\u2019uso</span> <span class=\"_ _e\"></span>sui <span class=\"_ _11\"></span>beni <span class=\"_ _e\"></span><span class=\"ls2\">in</span> <span class=\"_ _e\"></span>affitto <span class=\"_ _e\"></span>iscritti <span class=\"_ _e\"></span><span class=\"ls16\">in</span> <span class=\"_ _e\"></span>bilancio <span class=\"_ _11\"></span>a <span class=\"_ _e\"></span>seguito <span class=\"_ _e\"></span><span class=\"ff22\">dell\u2019applicaz<span class=\"_ _1\"></span>io<span class=\"ff1f\">ne <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>principio </span></span></span>contabile IFRS 16 a p<span class=\"_ _1\"></span>artire dal 1\u00b0 genn<span class=\"_ _2\"></span>ai<span class=\"_ _3\"></span>o 2019. De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneDir<span class=\"_ _2\"></span>itti d\u2019u<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>oDir<span class=\"_ _2\"></span>itti d\u2019u<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> Dir<span class=\"_ _2\"></span>itti d\u2019u<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> Dir<span class=\"_ _2\"></span>itti d\u2019u<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> s<span class=\"_ _11\"></span>u Totales<span class=\"_ _e\"></span>u b<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>ni<span class=\"_ _1\"></span> im<span class=\"_ _2\"></span>mobil<span class=\"_ _1\"></span>is<span class=\"_ _e\"></span>u im<span class=\"_ _2\"></span>pi<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ntis<span class=\"_ _e\"></span>u a<span class=\"_ _2\"></span>ltr<span class=\"_ _2\"></span>i be<span class=\"_ _e\"></span>nia<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>tov<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>ttur<span class=\"_ _2\"></span>eV<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _22c\"> </span>1<span class=\"_ _3\"></span>50<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _61\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,1<span class=\"_ _156\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _10a\"> </span>6,<span class=\"_ _3\"></span>6<span class=\"_ _22b\"> </span>16<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5In<span class=\"_ _1\"></span>cre<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _116\"> </span>14<span class=\"_ _2\"></span>,8<span class=\"_ _e9\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _204\"> </span><span class=\"fc1\">-<span class=\"_ _84\"> </span>1,<span class=\"_ _2\"></span>2<span class=\"_ _15d\"> </span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0</span>Dec<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _22d\"> </span><span class=\"fc1\">(1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _84\"> </span>-<span class=\"_ _204\"> </span>-<span class=\"_ _6f\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2)<span class=\"_ _21e\"> </span>(1<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>)</span>Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _22e\"> </span>(2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _8f\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _205\"> </span>(0,<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _22f\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9)<span class=\"_ _21e\"> </span>(2<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ov<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _166\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _84\"> </span>-<span class=\"_ _ee\"> </span>-<span class=\"_ _230\"> </span>-<span class=\"_ _15f\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1V<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _22c\"> </span>1<span class=\"_ _3\"></span>27<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _61\"> </span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0<span class=\"_ _156\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _10a\"> </span>4,<span class=\"_ _3\"></span>6<span class=\"_ _22b\"> </span>14<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4Al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span><span class=\"ff22\">i <span class=\"_ _6\"> </span>diritti <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _6\"> </span>sono <span class=\"_ _6\"> </span>pari <span class=\"_ _6\"> </span>a <span class=\"_ _7\"> </span>1</span>46,4 <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span><span class=\"ls6\">de</span>cremento <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Euro <span class=\"_ _7\"></span>22,1 <span class=\"_ _6\"></span>milio<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>risp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> all\u2019<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>prec<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te.<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls47\">La</span> <span class=\"_ _11\"></span>varia<span class=\"_ _1\"></span>zio<span class=\"_ _2\"></span>ne <span class=\"_ _11\"></span>\u00e8 <span class=\"_ _e\"></span>dov<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls3\">ad</span> <span class=\"_ _11\"></span>incre<span class=\"_ _2\"></span>menti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>nett<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _e\"></span><span class=\"ls6\">20 <span class=\"_ _6\"></span></span>milioni <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>rinnovo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>alcuni contratti <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>locazione <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>l\u2019adeguamento <span class=\"_ _12\"> </span>dei <span class=\"_ _12\"> </span>canoni <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>loca<span class=\"_ _3\"></span>zione <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>tasso <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>in<span class=\"_ _1\"></span>flazione <span class=\"_ _12\"> </span>corrente <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>da decrementi <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>42,1 <span class=\"_ _2\"></span>milioni <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>gli <span class=\"_ _2\"></span>ammortamen<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>per effe<span class=\"_ _1\"></span>tto <span class=\"_ _2\"></span>dell<span class=\"ff22\">\u2019acquisto <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>parte <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>RCS <span class=\"_ _2\"></span>Mediagroup </span>S.p.A. dell\u2019immo<span class=\"_ _1\"></span>bile di via Solf<span class=\"_ _1\"></span>erino.<span class=\"ff1f\"> <span class=\"_ _2\"></span> </span>Per <span class=\"_ _1\"></span>quan<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>riguarda <span class=\"_ _2\"></span>l\u2019analisi <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>scadenze <span class=\"_ _2\"></span>delle <span class=\"ff1f\">pas<span class=\"_ _1\"></span>sivit\u00e0 <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>contratti <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>leasing<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>si <span class=\"_ _1\"></span>rinvia <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>successiva <span class=\"_ _2\"></span>Nota </span>41. 18. At<span class=\"_ _2\"></span>tivit<span class=\"_ _2\"></span>\u00e0 imma<span class=\"_ _1\"></span>ter<span class=\"_ _2\"></span>iali La<span class=\"ls0\"> movimentaz<span class=\"_ _1\"></span>ione delle i<span class=\"_ _1\"></span>mmobilizzazion<span class=\"_ _1\"></span>i immate<span class=\"_ _1\"></span>riali pu\u00f2 essere de<span class=\"_ _1\"></span>ttagliata co<span class=\"_ _1\"></span>me segu<span class=\"_ _1\"></span>e:<span class=\"_ _2\"></span> </span>De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneDir<span class=\"_ _2\"></span>itti Co<span class=\"_ _3\"></span>nce<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ioniAv<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>toAltr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>m. Imm<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>b.n<span class=\"_ _1\"></span>i inTotalete<span class=\"_ _e\"></span>le<span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>is<span class=\"_ _e\"></span>ivilice<span class=\"_ _e\"></span>nz<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>, <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>hiim<span class=\"_ _2\"></span>ma<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oe<span class=\"_ _e\"></span> te<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>ta<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> e<span class=\"_ _e\"></span>ditor<span class=\"_ _2\"></span>ial<span class=\"_ _1\"></span>iV<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>ori<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _77\"> </span>10<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _7c\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0,<span class=\"_ _3\"></span>4<span class=\"_ _75\"> </span>1<span class=\"_ _3\"></span>95<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _68\"> </span>0,2<span class=\"_ _68\"> </span>8,5<span class=\"_ _75\"> </span>9<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>5,<span class=\"_ _3\"></span>1Acqu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span> n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>tte<span class=\"_ _231\"> </span>1<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,1<span class=\"_ _159\"> </span>21<span class=\"_ _2\"></span>,4<span class=\"_ _159\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _7d\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _7d\"> </span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _232\"> </span>3<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,6Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>sval<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>tazi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _126\"> </span>(11<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>)<span class=\"_ _115\"> </span>(2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>)<span class=\"_ _10a\"> </span>-<span class=\"_ _115\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3)<span class=\"_ _20b\"> </span>-<span class=\"_ _15b\"> </span>(34<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>ov<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _233\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _e9\"> </span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _20b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _234\"> </span>(8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _234\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1)V<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>ori<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _77\"> </span>15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _7c\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>5,<span class=\"_ _3\"></span>5<span class=\"_ _75\"> </span>1<span class=\"_ _3\"></span>95<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _68\"> </span>0,3<span class=\"_ _68\"> </span>3,7<span class=\"_ _75\"> </span>9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0,<span class=\"_ _3\"></span>2L<span class=\"_ _1\"></span>a com<span class=\"_ _2\"></span>po<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _2\"></span>lle<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>im<span class=\"_ _2\"></span>mob<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>zz<span class=\"_ _1\"></span>az<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i imm<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>su<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>a bas<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>u<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span>le <span class=\"_ _3\"></span>de<span class=\"_ _2\"></span>lle<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>ste<span class=\"_ _2\"></span>ss<span class=\"_ _1\"></span>e pu<span class=\"_ _1\"></span>\u00f2 <span class=\"_ _3\"></span>es<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _1\"></span>tt<span class=\"_ _2\"></span>ag<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span>at<span class=\"_ _1\"></span>a co<span class=\"_ _2\"></span>me<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>se<span class=\"_ _2\"></span>gu<span class=\"_ _2\"></span>e: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneDir<span class=\"_ _2\"></span>itti Co<span class=\"_ _3\"></span>nce<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>io<span class=\"_ _3\"></span>niAv<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>ntoAltr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>m. Im<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>b.ni inTotalete<span class=\"_ _e\"></span>le<span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>is<span class=\"_ _e\"></span>ivilice<span class=\"_ _e\"></span>nz<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>,<span class=\"_ _3\"></span> ma<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>hiim<span class=\"_ _2\"></span>ma<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>ri<span class=\"_ _2\"></span>alico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oe<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>te<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>tate<span class=\"_ _e\"></span> e<span class=\"_ _e\"></span>ditor<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span>iVi<span class=\"_ _2\"></span>ta ut<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>defi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta<span class=\"_ _235\"> </span>-<span class=\"_ _7d\"> </span>65<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>6<span class=\"_ _8f\"> </span>19<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _ea\"> </span>-<span class=\"_ _21b\"> </span>-<span class=\"_ _232\"> </span>85<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>1Vi<span class=\"_ _2\"></span>ta ut<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>efi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta<span class=\"_ _1c4\"> </span>15<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _7d\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>9<span class=\"_ _ea\"> </span>-<span class=\"_ _20e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _213\"> </span>3,<span class=\"_ _2\"></span>7<span class=\"_ _8f\"> </span>13<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>1V<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>i n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>tti al<span class=\"_ _2\"></span> <span class=\"_ _3\"></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>2<span class=\"_ _236\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2<span class=\"_ _76\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _7c\"> </span>19<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _8c\"> </span>0,<span class=\"_ _3\"></span>3<span class=\"_ _81\"> </span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _66\"> </span>9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,2Diri<span class=\"_ _1\"></span>tt<span class=\"_ _2\"></span>i te<span class=\"_ _1\"></span>lev<span class=\"_ _2\"></span>isivi<span class=\"_ _2\"></span> La <span class=\"_ _a\"> </span>vo<span class=\"_ _1\"></span>ce <span class=\"_ _7\"></span>\u201cdir<span class=\"_ _1\"></span>itti<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>te<span class=\"_ _2\"></span>levis<span class=\"_ _2\"></span>ivi\u201d<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>in<span class=\"_ _1\"></span>clu<span class=\"_ _2\"></span>de <span class=\"_ _a\"> </span>gl<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>inves<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>e<span class=\"_ _1\"></span>ffe<span class=\"_ _1\"></span>ttu<span class=\"_ _2\"></span>ati <span class=\"_ _a\"> </span><span class=\"ls6\">da</span> <span class=\"_ _7\"></span>La7 <span class=\"_ _7\"></span>S.p.<span class=\"_ _1\"></span>A. <span class=\"_ _7\"></span><span class=\"ls16\">in</span> <span class=\"_ _a\"> </span>dirit<span class=\"_ _2\"></span>ti <span class=\"_ _a\"> </span>plu<span class=\"_ _2\"></span>rien<span class=\"_ _1\"></span>nal<span class=\"_ _2\"></span>i <span class=\"_ _12\"> </span>(di <span class=\"_ _12\"> </span>durat<span class=\"_ _1\"></span>a superiore a <span class=\"_ _1\"></span>12 <span class=\"_ _1\"></span>mesi) di <span class=\"_ _2\"></span>utilizzazione te<span class=\"_ _1\"></span>levisiva d<span class=\"_ _1\"></span>i film, <span class=\"_ _2\"></span>serie e telefil<span class=\"_ _1\"></span>m nonch\u00e9 <span class=\"_ _1\"></span>gli investimen<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>da <span class=\"_ _0\"></span>parte <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ls30\">RCS<span class=\"ls0\"> </span></span></span></span>in <span class=\"_ _2\"></span>diritti <span class=\"_ _0\"></span>per <span class=\"_ _2\"></span>opere <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>udiovisive <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>produzioni <span class=\"_ _2\"></span>esecut<span class=\"_ _1\"></span>ive <span class=\"_ _2\"></span>trasm<span class=\"_ _1\"></span>esse sui canal<span class=\"_ _1\"></span>i satellitari Caccia e Pesc<span class=\"_ _1\"></span>a. Conc<span class=\"_ _2\"></span>essi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>, <span class=\"_ _2\"></span>licen<span class=\"_ _2\"></span>ze,<span class=\"_ _1\"></span> ma<span class=\"_ _1\"></span>rch<span class=\"_ _2\"></span>i e te<span class=\"_ _2\"></span>state<span class=\"_ _2\"></span> edit<span class=\"_ _2\"></span>oriali<span class=\"_ _2\"></span> La<span class=\"ls0\"> voce concessio<span class=\"_ _1\"></span>ni, licenze, ma<span class=\"_ _1\"></span>rchi e testate <span class=\"_ _1\"></span>al 31 dicemb<span class=\"_ _1\"></span>re 2022 include pr<span class=\"_ _2\"></span>incip<span class=\"_ _2\"></span>almen<span class=\"_ _2\"></span>te: </span><span class=\"ff1f fs7 fc0 ls64\">il<span class=\"ls0\"> <span class=\"_ _e\"></span><span class=\"ff24\">f<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>r <span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lu<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ff1f\">at<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>rc<span class=\"_ _1\"></span>h<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>it<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>a vit<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>ut<span class=\"_ _2\"></span>ile<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ind<span class=\"_ _2\"></span>ef<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r Eu<span class=\"_ _2\"></span>ro <span class=\"ls1\">348,8</span> <span class=\"_ _e\"></span>m<span class=\"_ _1\"></span>il<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _11\"></span>e a te<span class=\"_ _1\"></span>st<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> </span></span></span></span>qu<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>idi<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>e sp<span class=\"_ _2\"></span>ag<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>le<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>a vi<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _2\"></span>ile<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>in<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>fi<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>per Euro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ls6\">295,2</span> <span class=\"_ _3\"></span>mili<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i. <span class=\"ls65\">RCS</span> <span class=\"_ _3\"></span>edi<span class=\"_ _2\"></span>ta <span class=\"ls16\">in</span> <span class=\"_ _3\"></span>Ita<span class=\"_ _1\"></span>lia<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>quo<span class=\"_ _1\"></span>tid<span class=\"_ _2\"></span>iani<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ff24\">Cor<span class=\"_ _2\"></span>riere<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span> </span>Ser<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span><span class=\"ff1f\">e <span class=\"_ _0\"></span><span class=\"ff24 ls5f\">La<span class=\"ls0\"> <span class=\"_ _2\"></span>Ga<span class=\"_ _1\"></span>zze<span class=\"_ _1\"></span>tta<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dello<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ff1f\">e<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>gn<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>uo<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>i <span class=\"_ _0\"></span><span class=\"ff24\">El<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Mu<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o<span class=\"ff1f ls66\">, <span class=\"_ _2\"></span><span class=\"ff24 ls0\">Ma<span class=\"_ _2\"></span>rc<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span><span class=\"ff1f\">ed<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ff24\">Ex<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span><span class=\"ff1f\">Ne<span class=\"_ _2\"></span>l <span class=\"_ _0\"></span>20<span class=\"_ _2\"></span>22<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> </span></span></span></span></span></span></span></span></span></span>n<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>R<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>eg<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>am<span class=\"_ _2\"></span>mi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>is<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>su<span class=\"_ _2\"></span>ll<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>, <span class=\"_ _0\"></span><span class=\"ff24\">Co<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _2\"></span>ll<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>a<span class=\"ff1f ls66\">, <span class=\"_ _2\"></span><span class=\"ff24 ls0\">La<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ze<span class=\"_ _2\"></span>tt<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>de<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>lo<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Sp<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>t<span class=\"ff1f ls66\">, <span class=\"_ _2\"></span><span class=\"ff24 ls0\">M<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>rc<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _0\"></span><span class=\"ff1f ls4\">ed<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _212\"></span><span class=\"ff24\">Expansi<span class=\"_ _3\"></span>\u00f3n </span></span></span></span></span></span></span></span>hanno <span class=\"_ _2\"></span>conferma<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span><span class=\"ls16\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>loro <span class=\"_ _0\"></span>leadership <span class=\"_ _2\"></span>nei <span class=\"_ _2\"></span>se<span class=\"_ _1\"></span>gmenti <span class=\"_ _2\"></span>di <span class=\"_ _0\"></span>riferimento; </span></span><span class=\"ff1f fs7 fc0 ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f\">attribuito, <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> ne<span class=\"_ _1\"></span>tto <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>ammortament<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>cumulati <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _2\"></span>2022, <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>marchi e <span class=\"_ _2\"></span>testate <span class=\"_ _2\"></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 a <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>utile definita <span class=\"_ _3\"></span>per Euro 10,5 milioni; gli <span class=\"_ _6\"></span>inve<span class=\"_ _1\"></span>sti<span class=\"_ _2\"></span>ment<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>sost<span class=\"_ _1\"></span>enu<span class=\"_ _2\"></span>ti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>l\u2019ac<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>licenz<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>tele<span class=\"_ _1\"></span>vis<span class=\"_ _2\"></span>ive <span class=\"_ _6\"></span>(Veo<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>Tele<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>) <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>radio<span class=\"_ _2\"></span>foni<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>(Radio <span class=\"_ _12\"> </span>de Aragon<span class=\"ff1f\">) valutat<span class=\"_ _1\"></span>i a vita utile<span class=\"_ _1\"></span> indefinita (Euro 1<span class=\"_ _1\"></span>2,6 milioni)<span class=\"_ _1\"></span>; </span><span class=\"ff1f fs7 fc0\">i <span class=\"_ _2\"></span>diritti <span class=\"_ _0\"></span><span class=\"ff22\">d\u2019uso<span class=\"ff1f\"> <span class=\"_ _0\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>frequ<span class=\"_ _1\"></span>enze <span class=\"_ _0\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>banda<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>televisiva <span class=\"_ _0\"></span>per <span class=\"_ _2\"></span>siste<span class=\"_ _1\"></span>mi <span class=\"_ _0\"></span>di <span class=\"_ _2\"></span>radiodiffus<span class=\"_ _1\"></span>ione <span class=\"_ _0\"></span>digitale <span class=\"_ _2\"></span>terrest<span class=\"_ _1\"></span>re <span class=\"_ _2\"></span>(Euro <span class=\"_ _2\"></span>29,3 <span class=\"_ _2\"></span>milioni<span class=\"_ _1\"></span>) </span></span></span></span></span></span></span>della societ\u00e0 Cai<span class=\"_ _1\"></span>ro Network. <span class=\"ff1f 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=\"_ _3\"></span>3<span class=\"_ _3\"></span>6,7 <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=\"_ _e\"></span>lo <span class=\"_ _3\"></span>sviluppo<span class=\"_ _1\"></span> </span>in <span class=\"_ _e\"></span>Italia <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>Spagna <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>siti <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nternet <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>nuovi <span class=\"_ _e\"></span>progetti <span class=\"_ _3\"></span>web, <span class=\"_ _e\"></span>tra <span class=\"_ _e\"></span>cui<span class=\"_ _3\"></span> <span class=\"_ _aa\"> </span>i <span class=\"_ _e\"></span>nuovi <span class=\"_ _e\"></span>progetti <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>digital <span class=\"_ _e\"></span>advertising <span class=\"_ _3\"></span>del Gruppo RCS, o<span class=\"_ _1\"></span>ltre che per <span class=\"_ _1\"></span>il potenziamento de<span class=\"_ _1\"></span>lle infrastrutture de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span> Gruppo. I marchi e <span class=\"_ _3\"></span>testate a <span class=\"_ _3\"></span>vita utile indefinita non sono soggetti ad <span class=\"_ _3\"></span>ammortamento e sono periodicamente<span class=\"_ _3\"></span> sottoposti a tes<span class=\"_ _1\"></span>t <span class=\"ls6\">di</span> <span class=\"_ _1\"></span><span class=\"ff24\">impairment <span class=\"_ _2\"></span><span class=\"ff1f\">mentre <span class=\"_ _1\"></span>i m<span class=\"_ _1\"></span>archi <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>testate a <span class=\"_ _2\"></span>vita utile <span class=\"_ _2\"></span>definita sono <span class=\"_ _2\"></span>sottoposti al <span class=\"_ _1\"></span>processo <span class=\"_ _1\"></span>di am<span class=\"_ _1\"></span>mortamento<span class=\"_ _1\"></span> </span></span>secondo <span class=\"_ _e\"></span>la <span class=\"_ _3\"></span>durata <span class=\"_ _e\"></span>della <span class=\"_ _3\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _e\"></span>ad <span class=\"_ _e\"></span>essi <span class=\"_ _3\"></span>assegnata <span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>30 <span class=\"_ _3\"></span>anni) <span class=\"_ _e\"></span>e, <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>presenza <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>indicatori <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>perdita <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>valore, assoggettati <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>test <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span><span class=\"ff24\">impairment <span class=\"_ _e\"></span><span class=\"ff22\">volto <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>valutare <span class=\"_ _e\"></span>l\u2019eventuale <span class=\"_ _e\"></span>esistenza <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>perdite <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>va</span></span>lore <span class=\"_ _11\"></span>rispetto <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore rec<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> Avv<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>o La voce, pari a Euro 1<span class=\"_ _1\"></span>95,5 milioni, i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>lud<span class=\"_ _2\"></span>e: per <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>per <span class=\"_ _a\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _7\"></span>188,3 <span class=\"_ _7\"></span><span class=\"ff22\">l\u2019avviamento <span class=\"_ _7\"> </span>derivante <span class=\"_ _6\"> </span>dalla <span class=\"_ _a\"> </span><span class=\"ff24\">business <span class=\"_ _6\"></span>combination <span class=\"_ _7\"></span></span></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>stato determinato <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>residuale <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>differenz<span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>costo <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _2\"></span>operazione <span class=\"_ _2\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls16\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>patrimonio <span class=\"_ _2\"></span>net<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>acquisito, </span></span></span></span></span></span>dopo <span class=\"_ _e\"></span>avere <span class=\"_ _11\"></span>espresso <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _11\"></span>value <span class=\"_ _e\"></span></span>tutte <span class=\"_ _11\"></span>le <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>passivit\u00e0 <span class=\"_ _e\"></span>oggetto <span class=\"_ _e\"></span>della <span class=\"_ _11\"></span>operazione <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>allocato <span class=\"_ _e\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>Gruppo RCS<span class=\"ls0\"> nel <span class=\"_ _1\"></span>suo co<span class=\"_ _1\"></span>mplesso. </span><span class=\"ff1f fc0\">per<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>E<span class=\"_ _1\"></span>uro<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls6\">7,1<span class=\"ls0\"> <span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i,<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>gli<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>vv<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _2\"></span>ti <span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>icond<span class=\"_ _1\"></span>uci<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>ili<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>all<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span><span class=\"ff24\">cas<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>gen<span class=\"_ _2\"></span>eratin<span class=\"_ _2\"></span>g <span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>t <span class=\"_ _0\"></span><span class=\"ff1f\">(CGU<span class=\"_ _2\"></span>) <span class=\"_ _2\"></span>rap<span class=\"_ _2\"></span>pres<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>dal settore </span></span></span></span></span>editoriale periodi<span class=\"_ _1\"></span>ci di Cairo Edito<span class=\"_ _1\"></span>re, al se<span class=\"_ _1\"></span>ttore concessionar<span class=\"_ _1\"></span>ie e a Il Trova<span class=\"_ _1\"></span>tore. Ai <span class=\"_ _a\"> </span>sensi <span class=\"_ _a\"> </span>del<span class=\"_ _1\"></span>lo <span class=\"_ _a\"> </span>IAS <span class=\"_ _7\"></span>36 <span class=\"_ _a\"> </span>gli avviamenti <span class=\"_ _7\"></span>vengono <span class=\"_ _a\"> </span>al<span class=\"_ _1\"></span>meno <span class=\"_ _a\"> </span>annual<span class=\"_ _1\"></span>mente <span class=\"_ _7\"></span>sottoposti <span class=\"_ _7\"></span>a <span class=\"_ _a\"> </span>test <span class=\"_ _a\"> </span>di <span class=\"ff24\">impairme<span class=\"_ _1\"></span>nt <span class=\"ff1f\">con le<span class=\"_ _1\"></span> modalit\u00e0 comm<span class=\"_ _1\"></span>entate nel </span></span>paragrafo dedicato <span class=\"_ _1\"></span>al proce<span class=\"_ _1\"></span>sso di <span class=\"ff24\">impairment t<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> </span>Imm<span class=\"_ _2\"></span>obiliz<span class=\"_ _2\"></span>zazi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span> in<span class=\"_ _2\"></span> cor<span class=\"_ _1\"></span>so<span class=\"_ _2\"></span> <span class=\"ff1f fc0\">La <span class=\"_ _e\"></span>vo<span class=\"ff22\">ce <span class=\"_ _3\"></span>\u201cimmobilizzazioni<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>in <span class=\"_ _3\"></span>corso\u201d <span class=\"_ _e\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span><span class=\"ff1f\">3,7 <span class=\"_ _e\"></span>milioni <span class=\"_ _3\"></span>include <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>diritti <span class=\"_ _3\"></span>televisivi <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>verranno <span class=\"_ _e\"></span>sfrutta<span class=\"_ _1\"></span>ti </span></span></span>negli <span class=\"_ _e\"></span>esercizi <span class=\"_ _e\"></span>futuri <span class=\"_ _3\"></span>nonch\u00e9 <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>costi <span class=\"_ _e\"></span>sostenuti <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span><span class=\"ls2\">lo</span> <span class=\"_ _e\"></span>sviluppo <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>progetti <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>ambito <span class=\"_ _11\"></span><span class=\"ff24\">information <span class=\"_ _e\"></span>technology <span class=\"_ _11\"></span></span>in attesa di entrare i<span class=\"_ _1\"></span>n funziona<span class=\"_ _1\"></span>mento. Imp<span class=\"_ _2\"></span>airme<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span> t<span class=\"_ _2\"></span>es<span class=\"_ _1\"></span>t Ai <span class=\"_ _1\"></span>sensi <span class=\"_ _1\"></span>dello <span class=\"_ _1\"></span>IAS <span class=\"_ _2\"></span>36 le <span class=\"_ _2\"></span>attivit\u00e0 immateri<span class=\"_ _1\"></span>ali <span class=\"_ _1\"></span>a v<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ta u<span class=\"_ _1\"></span>tile <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ndefinita, <span class=\"_ _2\"></span>l\u2019avviamento e <span class=\"_ _2\"></span>le <span class=\"_ _1\"></span>immobilizzaz<span class=\"_ _1\"></span>ioni <span class=\"ff1f\">in co<span class=\"_ _1\"></span>rso </span>non vengono ammortizzati, ma <span class=\"_ _3\"></span>sottoposti alla verifica del <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>recu<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>bi<span class=\"_ _2\"></span>le <span class=\"_ _1\"></span>(<span class=\"ff24\">im<span class=\"_ _2\"></span>pair<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt <span class=\"_ _2\"></span>tes<span class=\"_ _2\"></span>t<span class=\"ff1f\">) <span class=\"_ _1\"></span><span class=\"ls6\">ogni<span class=\"ls0\"> q<span class=\"_ _2\"></span>ualv<span class=\"_ _1\"></span>olt<span class=\"_ _2\"></span>a </span></span></span></span>si<span class=\"ls0\"> <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>za <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>fa<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>cir<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ze <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>he<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sso<span class=\"_ _2\"></span>no f<span class=\"_ _1\"></span>ar pre<span class=\"_ _1\"></span>sumere <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>rischio d<span class=\"_ _1\"></span>i p<span class=\"_ _1\"></span>erdita <span class=\"_ _1\"></span>di valo<span class=\"_ _1\"></span>re e, <span class=\"_ _2\"></span>comunque, con </span></span></span></span></span>cadenza <span class=\"_\"> </span>almeno <span class=\"_\"> </span>annua<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>e. <span class=\"_ _c\"> </span>La <span class=\"_\"> </span>recuperab<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_\"> </span>del <span class=\"_\"> </span>valore <span class=\"_\"> </span>de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>le <span class=\"_\"> </span>attivit\u00e0 <span class=\"_\"> </span>a <span class=\"_\"> </span>vi<span class=\"_ _1\"></span>ta <span class=\"_\"> </span>utile <span class=\"_\"> </span>def<span class=\"_ _1\"></span>inita, <span class=\"_\"> </span>sottoposte<span class=\"_ _1\"></span> <span class=\"_\"> </span>ad ammortamento <span class=\"_ _11\"></span>sulla base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>loro <span class=\"_ _3\"></span>vita utile, <span class=\"_ _3\"></span>viene accertata <span class=\"_ _3\"></span><span class=\"ls16\">in</span> <span class=\"_ _3\"></span>presenza <span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>indicatori che <span class=\"_ _3\"></span>facciano supporre l\u2019esistenza di un <span class=\"_ _1\"></span>rischio di <span class=\"_ _1\"></span>perdita di val<span class=\"_ _1\"></span>ore.<span class=\"ff1f\"> </span>Di <span class=\"_ _12\"> </span>seguito <span class=\"_\"> </span>v<span class=\"_ _1\"></span>engono <span class=\"_ _12\"> </span>elencate <span class=\"_ _12\"> </span><span class=\"ls2\">le</span> <span class=\"_ _12\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>vita <span class=\"_ _12\"> </span>utile <span class=\"_ _12\"> </span>indefinita, <span class=\"_ _12\"> </span>iscritte <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>bilancio <span class=\"_ _12\"> </span>consolida<span class=\"_ _1\"></span>to <span class=\"_\"> </span>di <span class=\"_\"> </span>Cairo Communication<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>seguito <span class=\"_ _e\"></span>dalla <span class=\"_ _e\"></span><span class=\"ff24\">business <span class=\"_ _e\"></span>combina<span class=\"_ _1\"></span>tion <span class=\"_ _e\"></span><span class=\"ff1f\">del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>RCS, <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>state <span class=\"_ _e\"></span>assogg<span class=\"_ _1\"></span>ettate <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span><span class=\"ff24\">test <span class=\"_ _e\"></span>di </span></span></span>impairment <span class=\"ff1f\">al 31 di<span class=\"_ _1\"></span>cembre 2022:<span class=\"_ _1\"></span> </span><span class=\"ff1f fs7 fc0\">t<span class=\"_ _3\"></span>estate quotidiane italiane riconducibili ai sistemi <span class=\"_ _3\"></span><span class=\"ff24\">Corriere della Sera</span> <span class=\"ls4\">e <span class=\"_ _3\"></span></span><span class=\"ff24\">La Gazzetta dello <span class=\"_ _3\"></span>Sport</span>, eventi (e siti </span>online e marchi a <span class=\"_ _1\"></span>essi corre<span class=\"_ _1\"></span>lati), <span class=\"_ _2\"></span>isc<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>tt<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>mpl<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span>iv<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>E<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span> <span class=\"ls1\">348,8</span> <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>il<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>i;<span class=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">t<span class=\"_ _3\"></span>estate <span class=\"_ _11\"></span>quotidiane <span class=\"_ _11\"></span>spagnole <span class=\"_ _11\"></span>riconducibili <span class=\"_ _11\"></span>ai <span class=\"_ _11\"></span>sistemi <span class=\"_ _6\"></span><span class=\"ff24\">El <span class=\"_ _11\"></span>Mundo</span>, <span class=\"_ _6\"></span><span class=\"ff24\">Marca <span class=\"_ _11\"></span></span><span class=\"ls4\">e <span class=\"_ _11\"></span></span><span class=\"ff24\">Expansion, <span class=\"_ _11\"></span></span>iscritte <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>complessivi </span>Euro 295,2 milion<span class=\"_ _1\"></span>i; <span class=\"ff1f fs7 fc0\">al<span class=\"_ _3\"></span>cune licenz<span class=\"_ _1\"></span>e televisive e<span class=\"_ _1\"></span> radiofoniche <span class=\"_ _1\"></span>iscritte per co<span class=\"_ _1\"></span>mplessivi Euro 12,<span class=\"_ _2\"></span>6 milio<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i; </span><span class=\"ff22 fs7 fc0\">l<span class=\"_ _3\"></span>\u2019avviamento<span class=\"ff1f\"> <span class=\"_ _6\"></span>derivante <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span><span class=\"ff24\">business <span class=\"_ _6\"></span>combination <span class=\"_ _6\"></span></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>RCS, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>188,3 <span class=\"_ _2\"></span>milioni, <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>\u00e8 s<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ato </span></span>allocato a fini d<span class=\"_ _1\"></span>i <span class=\"ff24\">impairmen<span class=\"_ _1\"></span>t <span class=\"ff1f\">al Gruppo RCS nel <span class=\"_ _1\"></span>suo compless<span class=\"_ _1\"></span>o. </span></span>Il valore recupera<span class=\"_ _1\"></span>bile dei m<span class=\"_ _1\"></span>archi <span class=\"ls4\">e </span><span class=\"ff22\">testate e dell\u2019<span class=\"_ _1\"></span>avviamento de<span class=\"_ _1\"></span>rivante dalla <span class=\"ff24\">busin<span class=\"_ _1\"></span>ess combinatio<span class=\"_ _1\"></span>n <span class=\"ff1f\">del Gruppo </span></span></span>RCS \u00e8 stato deter<span class=\"_ _1\"></span>minato, con il<span class=\"_ _1\"></span> supporto di un e<span class=\"_ _1\"></span>sperto indipend<span class=\"_ _1\"></span>ente. Il <span class=\"_ _2\"></span>valore <span class=\"_ _0\"></span>recuperabile <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>icenze <span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>elevisive <span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>radiofoniche <span class=\"_ _2\"></span>spa<span class=\"_ _1\"></span>gnole <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _2\"></span>stato <span class=\"_ _2\"></span>verifica<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>avvalendos<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>delle <span class=\"_ _0\"></span>analisi predisposte da<span class=\"_ _1\"></span>lla societ\u00e0 controll<span class=\"_ _1\"></span>ata RCS. Gli <span class=\"_ _11\"></span><span class=\"ff24\">impairment <span class=\"_ _11\"></span>test</span>, <span class=\"_ _11\"></span>svolti <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>il <span class=\"_ _6\"></span>suppo<span class=\"_ _1\"></span>rto <span class=\"_ _6\"></span><span class=\"ff22\">dell\u2019e<span class=\"_ _1\"></span>sperto <span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>ndipendente, <span class=\"_ _e\"></span>sono <span class=\"_ _11\"></span>stati <span class=\"_ _11\"></span>effettuati <span class=\"_ _11\"></span>sia <span class=\"_ _11\"></span>attraverso <span class=\"_ _11\"></span>una </span>valutazione in <span class=\"_ _3\"></span>continuit\u00e0 con il<span class=\"_ _3\"></span> passato (<span class=\"_ _3\"></span>approccio ante IFRS 16) <span class=\"_ _3\"></span>sia <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span> <span class=\"_\"> </span>una valu<span class=\"_ _1\"></span>tazione che <span class=\"_ _3\"></span>ha considerato gli effetti dell<span class=\"_ _1\"></span>\u2019applicazione del p<span class=\"_ _1\"></span>rincipio IFRS 16 s<span class=\"_ _2\"></span>ui<span class=\"_ _3\"></span> parametri r<span class=\"_ _1\"></span>ilevanti ai <span class=\"ff1f\">fini di <span class=\"ff24\">impairment</span>.<span class=\"_ _1\"></span> </span>Per la valutazione \u201cante IFRS 16\u201d il capitale investito non tiene conto dei diritti d\u2019uso su contra<span class=\"_ _1\"></span>tti<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _1\"></span><span class=\"ls6\">di<span class=\"ls0\"> l<span class=\"_ _1\"></span>easing <span class=\"_ _2\"></span>e </span></span></span>coerentemente i <span class=\"_ _e\"></span>flussi <span class=\"_ _3\"></span><span class=\"ls6\">di</span> <span class=\"_ _e\"></span>cassa <span class=\"_ _3\"></span>previsti <span class=\"_ _3\"></span>utilizzati <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls16\">il</span> <span class=\"_ _3\"></span>calcolo <span class=\"_ _e\"></span>del valore <span class=\"_ _11\"></span>recuperabile <span class=\"_ _11\"></span>includono <span class=\"_ _e\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>costo <span class=\"_ _11\"></span>per canoni. <span class=\"_ _11\"></span><span class=\"ls7\">Il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>WACC <span class=\"_ _3\"></span>applicato <span class=\"_ _e\"></span>per <span class=\"_ _3\"></span><span class=\"ff22\">l\u2019attualizzazione</span> <span class=\"_ _3\"></span>dei <span class=\"_ _e\"></span>flussi, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>stato <span class=\"_ _3\"></span>determinato <span class=\"_ _3\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>netto <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>sopracitati <span class=\"_ _11\"></span>effetti IFRS 16, omogenea<span class=\"_ _1\"></span>mente a<span class=\"_ _1\"></span> quanto fatto al 31 d<span class=\"_ _1\"></span>icembr<span class=\"_ _1\"></span>e 2021. In particolare, <span class=\"_ _1\"></span>il valore recuperabile \u00e8 sta<span class=\"_ _1\"></span>to determinato<span class=\"_ _1\"></span> nel modo seg<span class=\"_ _2\"></span>uent<span class=\"_ _1\"></span>e:<span class=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">per <span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>mar<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span> <span class=\"ls3\">e </span>t<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>talia<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span><span class=\"ff22\">l<span class=\"_ _1\"></span>\u2019av<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto<span class=\"_ _2\"></span><span class=\"ff1f\"> <span class=\"_ _2\"></span>deri<span class=\"_ _1\"></span>van<span class=\"_ _2\"></span>ti <span class=\"_ _2\"></span>dal<span class=\"_ _1\"></span>la <span class=\"_ _0\"></span><span class=\"ff24\">busin<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>mb<span class=\"_ _2\"></span>inatio<span class=\"_ _2\"></span>n <span class=\"ff1f\">del <span class=\"_ _2\"></span>Gruppo RC<span class=\"_ _1\"></span>S, <span class=\"_ _2\"></span>i flussi <span class=\"_ _2\"></span>di </span></span></span></span></span>cassa <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>st<span class=\"_ _3\"></span>ati <span class=\"_ _2\"></span>desunti <span class=\"_ _1\"></span>sulla <span class=\"_ _2\"></span>base delle p<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>evisioni <span class=\"_ _1\"></span>rivenienti <span class=\"_ _1\"></span>dal Pi<span class=\"_ _1\"></span>ano 2023-2025 d<span class=\"_ _1\"></span>el Grupp<span class=\"_ _1\"></span>o RCS <span class=\"_ _2\"></span>(<span class=\"_ _3\"></span>approvato dal Consiglio di A<span class=\"_ _1\"></span>mministrazion<span class=\"_ _1\"></span>e di RCS in d<span class=\"_ _1\"></span>ata 10 marzo 2023<span class=\"ls7\">).</span> I <span class=\"_ _e\"></span>flussi <span class=\"_ _11\"></span>di <span class=\"_ _e\"></span>cassa, <span class=\"_ _e\"></span>conformemente <span class=\"_ _e\"></span>alle <span class=\"_ _e\"></span>disposizioni <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>principio <span class=\"_ _e\"></span>IAS <span class=\"_ _11\"></span>36, <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>stati <span class=\"_ _e\"></span>proiettati <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>fini <span class=\"_ _e\"></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=\"_ _3\"></span>di <span class=\"_ _3\"></span>cr<span class=\"_ _3\"></span>escita <span class=\"_ _3\"></span>g <span class=\"_ _3\"></span>= <span class=\"_ _3\"></span>0)<span class=\"_ _3\"></span>. Tal<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>quindi <span class=\"_ _3\"></span>attualizzati <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>un tasso <span class=\"_ _3\"></span>definito <span class=\"_ _e\"></span>quale <span class=\"_ _3\"></span>costo m<span class=\"_ _3\"></span>edio ponderato <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>capitale WACC <span class=\"_ _3\"></span>pari <span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ff22 ls16\">l\u2019</span></span> <span class=\"_ _3\"></span>8,64% <span class=\"_ _3\"></span>(7,44% <span class=\"_ _3\"></span><span class=\"ls3\">al</span> <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2021) per i <span class=\"_ _3\"></span>marchi <span class=\"_ _3\"></span><span class=\"ls4\">e <span class=\"_ _3\"></span></span>testate <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span><span class=\"ls4\">al<span class=\"ff22 ls0\">l\u20198,73<span class=\"ff1f\">% <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019avviamento<span class=\"ff1f\"> <span class=\"_ _2\"></span>(7,64%% <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></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 di </span></span></span></span></span></span></span>bilancio <span class=\"_ _3\"></span>la <span class=\"_ _e\"></span>capitalizza<span class=\"_ _1\"></span>zione <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>risulta <span class=\"_ _3\"></span>inferiore <span class=\"_ _e\"></span>al <span class=\"_ _3\"></span>valore <span class=\"_ _e\"></span>contabile <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>incl<span class=\"_ _3\"></span>uso <span class=\"_ _3\"></span>nel <span class=\"_ _e\"></span>bilancio<span class=\"_ _1\"></span> consolidato. I <span class=\"_ _11\"></span>val<span class=\"_ _3\"></span>ori <span class=\"_ _6\"></span>ottenuti <span class=\"_ _6\"></span>sono <span class=\"_ _11\"></span>stati <span class=\"_ _6\"></span>sottoposti <span class=\"_ _11\"></span>ad <span class=\"_ _6\"> </span>un\u2019analisi <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>sensitivit\u00e0, <span class=\"_ _11\"></span>f<span class=\"_ _3\"></span>acendo <span class=\"_ _11\"></span>variare <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>attualizzazione (<span class=\"ff24\">WACC</span>) e il tasso di crescita del valore finale (g), con variaz<span class=\"_ _1\"></span>ioni discrete di 50 <span class=\"ff24\">basis <span class=\"_ _1\"></span>points<span class=\"ff1f\">, <span class=\"_ _2\"></span>e riducen<span class=\"_ _1\"></span>do, co<span class=\"_ _2\"></span>s\u00ec<span class=\"_ _3\"></span> </span></span>come <span class=\"_ _1\"></span>suggeri<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span><span class=\"ff22\">dall\u2019ESMA<span class=\"_ _2\"></span>,<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>val<span class=\"_ _3\"></span>ori <span class=\"_ _2\"></span><span class=\"ff22\">dell\u2019Ebitda,<span class=\"ff1f\"> <span class=\"_ _1\"></span>previsti <span class=\"_ _2\"></span>nel periodo e ricomp<span class=\"_ _1\"></span>resi nel valo<span class=\"_ _1\"></span>re finale, de<span class=\"_ _1\"></span>l -10%. </span></span></span></span>In nessuno degli scena<span class=\"_ _1\"></span>ri sopra considera<span class=\"_ _1\"></span>ti si evidenzia<span class=\"_ _1\"></span>no perdite di val<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>re.<span class=\"_ _2\"></span> Inoltre, <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>considerazione <span class=\"_ _3\"></span>della <span class=\"_ _e\"></span>situazione<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>globale<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>caratteri<span class=\"_ _1\"></span>zzata <span class=\"_ _3\"></span>dal<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>permanere <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>conflitto <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>Ucraina <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>del conseguente <span class=\"_ _11\"></span>contesto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>generale <span class=\"_ _6\"></span>incertezza, <span class=\"_ _11\"></span>sono <span class=\"_ _6\"></span>state <span class=\"_ _6\"></span>condotte <span class=\"_ _6\"></span>anche <span class=\"_ _11\"></span>analisi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>sensitivit\u00e0 <span class=\"_ _11\"></span>maggiormente conservative <span class=\"_ _e\"></span>(stress <span class=\"_ _11\"></span>test) <span class=\"_ _6\"></span><span class=\"ff22\">\u2013</span> <span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _11\"></span>termini <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>riduzio<span class=\"_ _1\"></span>ne <span class=\"_ _11\"></span>dei fluss<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span><span class=\"ls6\">di</span> <span class=\"_ _3\"></span><span class=\"ls3\">cassa</span> <span class=\"_ _3\"></span><span class=\"ff22\">\u2013</span> <span class=\"_ _3\"></span><span class=\"ls48\">al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>fine<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls6\">di</span> <span class=\"_ _3\"></span>ve<span class=\"_ _1\"></span>rifi<span class=\"_ _2\"></span>care<span class=\"_ _2\"></span> <span class=\"_ _e\"></span><span class=\"ls16\">la</span> soste<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>t\u00e0 del val<span class=\"_ _1\"></span>ore<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>co<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff22\">del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>via<span class=\"_ _2\"></span>men<span class=\"_ _1\"></span>to<span class=\"ff1f\"> <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>archi <span class=\"ls4\">e <span class=\"_ _2\"></span><span class=\"ls0\">t<span class=\"_ _3\"></span>estate. <span class=\"_ _0\"></span><span class=\"ls7\">In<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>particolare,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>stato <span class=\"_ _0\"></span>ipotizzato <span class=\"_ _2\"></span>anche<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>uno<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>scena<span class=\"_ _1\"></span>rio <span class=\"_ _2\"></span>vo<span class=\"_ _1\"></span>lto </span></span></span></span></span></span></span></span>a <span class=\"_ _2\"></span>determinare <span class=\"_ _2\"></span>quale debba <span class=\"_ _3\"></span>esse <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span><span class=\"ff22\">riduzione <span class=\"_ _3\"></span>dell\u2019Ebitda di <span class=\"_ _3\"></span>Piano (lineare <span class=\"_ _3\"></span>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=\"_ _11\"></span>valore <span class=\"_ _e\"></span>d\u2019<span class=\"_ _3\"></span>uso <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span>valore <span class=\"_ _11\"></span>d\u2019iscrizione <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>tali <span class=\"_ _11\"></span>attivit\u00e0. <span class=\"_ _11\"></span>Anche <span class=\"_ _e\"></span>tale <span class=\"_ _6\"></span>analis<span class=\"_ _1\"></span>i <span class=\"_ _11\"></span>ha <span class=\"_ _11\"></span>confermato <span class=\"_ _e\"></span>la <span class=\"_ _11\"></span>ragionevolezza <span class=\"_ _e\"></span>dei risultati ottenut<span class=\"_ _1\"></span>i. <span class=\"ff1f fs7 fc0\">per <span class=\"_ _3\"></span>le <span class=\"_ _7\"></span>testate <span class=\"_ _3\"></span>quotidiane spagnole <span class=\"_ _3\"></span><span class=\"ff24 ls47\">El<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _e\"></span>Mundo</span></span>, <span class=\"ff24\">Marca</span> <span class=\"_ _3\"></span><span class=\"ls3\">ed<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span><span class=\"ff24\">Expansion</span>, <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>flussi <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>cassa <span class=\"_ _e\"></span>previsionali </span>2023-2027 <span class=\"_ _c\"> </span>sviluppati <span class=\"_ _c\"> </span>sulla <span class=\"_ _148\"> </span>base <span class=\"_ _c\"> </span>del <span class=\"_ _148\"> </span>Piano <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>Unidad <span class=\"_ _ab\"> </span>Editorial <span class=\"_ _15\"> </span>pure <span class=\"_ _17\"> </span>approvato <span class=\"_ _17\"> </span>dal <span class=\"_ _17\"> </span>Consiglio <span class=\"_ _17\"> </span>di<span class=\"_ _3\"></span> Amministrazion<span class=\"_ _1\"></span>e <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>Unidad <span class=\"_ _e\"></span>in <span class=\"_ _11\"></span>data <span class=\"_ _11\"></span>7 <span class=\"_ _11\"></span>marzo <span class=\"_ _11\"></span>2023. <span class=\"_ _11\"></span>I <span class=\"_ _11\"></span>flussi <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>cassa <span class=\"_ _e\"></span>previsionali <span class=\"_ _11\"></span>2023-2027, <span class=\"_ _11\"></span>proietta<span class=\"_ _1\"></span>ti <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>fini valutativi costanti <span class=\"_ _e\"></span>in <span class=\"_ _3\"></span>termini <span class=\"_ _3\"></span>nominali (tasso <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>crescita g <span class=\"_ _e\"></span>= <span class=\"_ _3\"></span>0), <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>stati attualizzati <span class=\"_ _3\"></span>ad <span class=\"_ _e\"></span>un tasso <span class=\"_ _e\"></span>consider<span class=\"_ _1\"></span>ato rappresentativo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>ponderato <span class=\"_ _e\"></span>del capitale <span class=\"_ _3\"></span>WACC <span class=\"_ _e\"></span>pari <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span><span class=\"ff22\">l\u20198,91</span>% <span class=\"_ _3\"></span>(8.04% <span class=\"_ _e\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _e\"></span>2021).<span class=\"_ _1\"></span> Dall\u2019analisi svo<span class=\"_ _1\"></span>lta non so<span class=\"_ _1\"></span>no emerse <span class=\"_ _1\"></span>evidenze d<span class=\"_ _1\"></span>i perdite di<span class=\"_ _1\"></span> valore. Anc<span class=\"_ _1\"></span>he per<span class=\"ff1f\"> le te<span class=\"_ _1\"></span>state quotidiane<span class=\"_ _1\"></span> spagnole, <span class=\"_ _1\"></span>in </span>considerazione <span class=\"_ _12\"> </span>della<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>situazione <span class=\"_ _12\"> </span>globale <span class=\"_ _12\"> </span>carat<span class=\"_ _1\"></span>terizzata <span class=\"_ _12\"> </span>dal <span class=\"_ _12\"> </span>permanere <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>conflitto <span class=\"_ _a\"> </span>in <span class=\"_\"> </span>Uc<span class=\"_ _1\"></span>raina, <span class=\"_\"> </span>s<span class=\"_ _2\"></span>ono <span class=\"_ _12\"> </span>st<span class=\"_ _3\"></span>ate<span class=\"_ _1\"></span> condotte anal<span class=\"_ _1\"></span>isi di sens<span class=\"_ _1\"></span>itivit\u00e0 maggiorm<span class=\"_ _1\"></span>ente conserva<span class=\"_ _1\"></span>tive (stress <span class=\"_ _1\"></span>test) e anch<span class=\"_ _1\"></span>e tali <span class=\"_ _1\"></span>analisi hanno <span class=\"_ _1\"></span>confermato <span class=\"_ _1\"></span>la ragionevolezza d<span class=\"_ _1\"></span>ei risultati ott<span class=\"_ _1\"></span>enuti. \u201cPost <span class=\"_ _e\"></span>IFRS <span class=\"_ _3\"></span>16\u201d, <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>suo <span class=\"_ _e\"></span>compless<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>valori <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>carico <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>incrementano<span class=\"ff1f\"> <span class=\"_ _16\"> </span></span>per <span class=\"_ _e\"></span>l\u2019iscrizione <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> diritti <span class=\"_ _7\"> </span>d\u2019<span class=\"ff1f\">uso <span class=\"_ _7\"></span>su <span class=\"_ _7\"></span>beni <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>l<span class=\"_ _3\"></span>easing <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>coerentemente <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>cassa <span class=\"_ _7\"></span>previsti <span class=\"_ _7\"></span>utilizzati<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>per <span class=\"_ _3\"></span><span class=\"ls16\">il</span> <span class=\"_ _e\"></span>calcolo <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>valore </span>recuperabile <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>includono <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>costo <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>canoni <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>ocazione. <span class=\"_ _3\"></span>Per 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=\"_ _2\"></span>base <span class=\"_ _2\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>tasso <span class=\"_ _0\"></span>definito <span class=\"_ _2\"></span>quale <span class=\"_ _2\"></span>costo <span class=\"_ _2\"></span>medio <span class=\"_ _2\"></span>po<span class=\"_ _1\"></span>nderato <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>cap<span class=\"_ _1\"></span>itale <span class=\"_ _2\"></span>WACC <span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>al<span class=\"ff22\">l\u20198,</span>65% <span class=\"_ _2\"></span><span class=\"ff22\">per <span class=\"_ _2\"></span>l\u2019avvia<span class=\"_ _1\"></span>mento<span class=\"ff1f\"> </span></span>(7,36% al 31 dice<span class=\"_ _1\"></span>mbre 202<span class=\"_ _1\"></span>1). L\u2019analisi <span class=\"_ _1\"></span>condotta p<span class=\"_ _2\"></span>er svolgere <span class=\"_ _1\"></span>il tes<span class=\"_ _1\"></span>t d<span class=\"_ _1\"></span>i impai<span class=\"_ _1\"></span>rment e<span class=\"_ _2\"></span> verificare <span class=\"_ _1\"></span>il pos<span class=\"_ _1\"></span>sibile <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>mpatto <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>effetti <span class=\"_ _2\"></span>(patrimoniali, economico <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span><span class=\"ff22\">finanziari) <span class=\"_ _11\"></span>derivanti <span class=\"_ _e\"></span>dall\u2019introduzione <span class=\"_ _e\"></span>del <span class=\"_ _11\"></span>principio <span class=\"_ _e\"></span>contabile</span> <span class=\"_ _11\"></span>internazional<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span><span class=\"ff24\">If<span class=\"_ _3\"></span>rs <span class=\"_ _e\"></span>16 <span class=\"_ _e\"></span>Leases <span class=\"_ _11\"></span></span>sui risultati <span class=\"_ _2\"></span>derivanti <span class=\"_ _2\"></span>dal <span class=\"_ _2\"></span>pr<span class=\"_ _3\"></span>ocesso <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span><span class=\"ff24\">impairment <span class=\"_ _7\"></span><span class=\"ff1f\">ha <span class=\"_ _2\"></span>evidenziato <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>anche <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>process<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span><span class=\"ff24\">impairment <span class=\"_ _2\"></span><span class=\"ff1f\">svolto <span class=\"_ _2\"></span>sulla<span class=\"_ _1\"></span> </span></span></span></span></span></span>base <span class=\"ls6\">di</span> una r<span class=\"_ _1\"></span>appresentazion<span class=\"_ _1\"></span>e conforme con le <span class=\"_ _3\"></span>disposizioni del principio contabile IFRS 16 non modifica, alla data <span class=\"_ _e\"></span>del <span class=\"_ _aa\"> </span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _e\"></span>2022, <span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>risultati <span class=\"_ _e\"></span>ottenuti <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>conclusioni <span class=\"_ _e\"></span>raggiu<span class=\"_ _1\"></span>nte <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>una <span class=\"_ _3\"></span>metodologia <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>continu<span class=\"_ _1\"></span>it\u00e0 con quella <span class=\"_ _a\"> </span>applicata neg<span class=\"_ _1\"></span>li anni preceden<span class=\"_ _1\"></span>ti. \u201cPost <span class=\"_ _e\"></span>IFRS <span class=\"_ _3\"></span>16\u201d, <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _e\"></span><span class=\"ff1f\">nel <span class=\"_ _e\"></span>suo <span class=\"_ _e\"></span>complesso <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>valori <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>carico <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>incrementano <span class=\"_ _16\"> </span></span>per <span class=\"_ _e\"></span>l\u2019iscriz<span class=\"_ _1\"></span>ione <span class=\"_ _e\"></span>di diritti <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _7\"> </span>su <span class=\"_ _7\"> </span>beni <span class=\"_ _7\"> </span>in <span class=\"_ _7\"> </span>leasing <span class=\"_ _7\"> </span>e <span class=\"_ _7\"> </span>coerentemente <span class=\"_ _7\"> </span>i <span class=\"_ _7\"> </span>flussi <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>cassa <span class=\"_ _7\"> </span>previsti <span class=\"_ _7\"> </span>utilizzati<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _e\"></span>per <span class=\"_ _3\"></span><span class=\"ls16\">il</span> <span class=\"_ _e\"></span>calcolo <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>valore </span>recuperabile <span class=\"_ _2\"></span>non <span class=\"_ _0\"></span>includono <span class=\"_ _0\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>costo <span class=\"_ _2\"></span>per <span class=\"_ _0\"></span>canoni <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>locaz<span class=\"_ _1\"></span>ione. </span></span>Co<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>rifer<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>test<span class=\"_ _1\"></span>ate<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>quot<span class=\"_ _1\"></span>idi<span class=\"_ _1\"></span>ane<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>spagn<span class=\"_ _2\"></span>ole <span class=\"_ _6\"></span>(El <span class=\"_ _7\"></span>Mund<span class=\"_ _1\"></span>o<span class=\"ff1f\">, <span class=\"_ _6\"></span></span>Mar<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ff1f ls3\">ed<span class=\"ls0\"> <span class=\"_ _7\"></span></span></span>Expa<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>) <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>alle<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>testat<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>periodiche<span class=\"_ _1\"></span> spagnole <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>utile <span class=\"_ _11\"></span>definita, <span class=\"_ _11\"></span>alle <span class=\"_ _6\"></span>quali <span class=\"_ _11\"></span><span class=\"ff22\">nell\u2019ambito</span> <span class=\"_ _11\"></span>del<span class=\"_ _3\"></span>la <span class=\"_ _11\"></span>business <span class=\"_ _6\"></span>combina<span class=\"_ _1\"></span>ti<span class=\"ls6\">on<span class=\"_ _3\"></span></span> <span class=\"_ _11\"></span>del <span class=\"_ _a\"> </span>Gruppo <span class=\"_ _a\"> </span>RCS <span class=\"_ _a\"> </span>era <span class=\"_ _a\"> </span>stato attribuito <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span><span class=\"ff24\">fair value <span class=\"_ _e\"></span></span>corrisponden<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>valore iscritto <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>consolidato del<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>RCS alla <span class=\"_ _e\"></span>data<span class=\"_ _1\"></span> di acquisizione, <span class=\"_ _6\"></span>l\u2019<span class=\"ff24\">impairment <span class=\"_ _6\"></span>test <span class=\"_ _7\"></span><span class=\"ff1f\">\u00e8 <span class=\"_ _7\"></span>stato <span class=\"_ _7\"></span>predisposto <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>via <span class=\"_ _7\"></span>autonoma <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span></span></span>l\u2019assistenza<span class=\"ff1f\"> <span class=\"_ _6\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>una </span>primaria <span class=\"_ _e\"></span>socie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>consulenza <span class=\"_ _e\"></span>senza <span class=\"_ _e\"></span>evidenziare <span class=\"_ _3\"></span>situazioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>perdita <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>valore. <span class=\"_ _3\"></span>Per<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>bilancio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>RCS <span class=\"_ _e\"></span>sono stati <span class=\"_ _1\"></span>assogget<span class=\"_ _1\"></span>tati <span class=\"_ _2\"></span>a impair<span class=\"_ _1\"></span>ment <span class=\"_ _2\"></span>anche <span class=\"_ _0\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>valore <span class=\"_ _0\"></span>delle <span class=\"_ _2\"></span>lice<span class=\"_ _1\"></span>nze <span class=\"_ _2\"></span>televis<span class=\"_ _1\"></span>ive <span class=\"_ _2\"></span>(<span class=\"ff24\">Veo <span class=\"_ _0\"></span>Television<span class=\"ff1f\">) <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>radiofoniche <span class=\"_ _2\"></span>(<span class=\"ff24\">Rad<span class=\"_ _1\"></span>io <span class=\"_ _2\"></span>de </span></span></span></span></span>Ara<span class=\"_ _2\"></span>gon<span class=\"ff1f ls7\">).<span class=\"ls0\"> </span></span>Anche <span class=\"_ _3\"></span>per <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>valore <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>iscri<span class=\"_ _1\"></span>zione <span class=\"_ _e\"></span>degl<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>avviamenti <span class=\"_ _e\"></span>riconducib<span class=\"_ _1\"></span>ili <span class=\"_ _3\"></span>alle <span class=\"_ _e\"></span>CGU <span class=\"_ _3\"></span>rappresentate <span class=\"_ _3\"></span>dal <span class=\"_ _e\"></span>settore editoriale periodici <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>Cairo <span class=\"_ _2\"></span>Editore <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>dal<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>settore <span class=\"_ _2\"></span>concessionarie <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>emersi <span class=\"_ _2\"></span>dai <span class=\"ff24\">test </span>evidenze d<span class=\"_ _1\"></span>i perdite di valo<span class=\"_ _1\"></span>re. </span></span>In <span class=\"_ _11\"></span>cons<span class=\"_ _3\"></span>iderazione <span class=\"_ _11\"></span>dell\u2019attuale <span class=\"_ _6\"></span>sopra <span class=\"_ _11\"></span>descritto <span class=\"_ _6\"> </span>contesto, <span class=\"_ _11\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>proceduto <span class=\"_ _11\"></span>ad <span class=\"_ _6\"> </span>assoggettare <span class=\"_ _11\"></span>a <span class=\"_ _6\"> </span>t<span class=\"_ _3\"></span>est <span class=\"_ _6\"></span>di <span class=\"_ _7\"> </span><span class=\"ff24\">impairment </span>alcune immobilizzazioni immateriali a <span class=\"_ _e\"></span>vita utile <span class=\"_ _3\"></span>definita. <span class=\"_ _3\"></span>In <span class=\"_ _3\"></span>particolare, <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span><span class=\"ff24\">impairment test <span class=\"_ _3\"></span></span>hanno <span class=\"_ _3\"></span>riguardato principalmente <span class=\"_ _1\"></span>le testate italiane e spagn<span class=\"_ _1\"></span>ole a vita ut<span class=\"_ _1\"></span>ile definita d<span class=\"_ _1\"></span>el Gruppo RCS. Dalle analisi svo<span class=\"_ _1\"></span>lte non son<span class=\"_ _1\"></span>o emerse eviden<span class=\"_ _1\"></span>ze di perd<span class=\"_ _1\"></span>ite di valo<span class=\"_ _2\"></span>re. 19. P<span class=\"_ _2\"></span>artec<span class=\"_ _1\"></span>ipaz<span class=\"_ _2\"></span>ioni La voce, pa<span class=\"_ _1\"></span>ri a Eu<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>o 31,3 <span class=\"_ _1\"></span>milioni, <span class=\"_ _1\"></span>comprende <span class=\"_ _1\"></span>le parte<span class=\"_ _1\"></span>cipazioni i<span class=\"_ _1\"></span>n impr<span class=\"_ _1\"></span>ese collega<span class=\"_ _1\"></span>te e <span class=\"_ _1\"></span>joint ventu<span class=\"_ _1\"></span>re (Euro 25,9 milioni) e partec<span class=\"_ _1\"></span>ipazioni in <span class=\"_ _1\"></span>imprese che non <span class=\"_ _1\"></span>sono n\u00e9 di <span class=\"_ _2\"></span>controllo n\u00e9 di trading (Eur<span class=\"_ _1\"></span>o 5,4 milioni). La<span class=\"ls0\"> composizione d<span class=\"_ _1\"></span>ella voc<span class=\"_ _1\"></span>e \u00e8 esposta ne<span class=\"_ _1\"></span>l prospetto <span class=\"_ _1\"></span>che se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>e:<span class=\"_ _1\"></span> </span>D<span class=\"_ _1\"></span>es<span class=\"_ _e\"></span>cr<span class=\"_ _3\"></span>iz<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>neV<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>lore net<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> A<span class=\"_ _1\"></span>cq<span class=\"_ _2\"></span>uis<span class=\"_ _e\"></span>iz<span class=\"_ _3\"></span>ioni,E<span class=\"_ _0\"></span>ff<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>tt<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ell<span class=\"_ _3\"></span>a E<span class=\"_ _0\"></span>ff<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>tt<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ell<span class=\"_ _3\"></span>a D<span class=\"_ _1\"></span>is<span class=\"_ _e\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ioniD<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>id<span class=\"_ _2\"></span>end<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> V<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>lore net<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>l a<span class=\"_ _1\"></span>um<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>alut<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>z<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>nev<span class=\"_ _0\"></span>alut<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>z<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>ne a<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>trib<span class=\"_ _2\"></span>uitia<span class=\"_ _1\"></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=\"_ _2\"></span>l<span class=\"_ _3\"></span>e s<span class=\"_ _e\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>le<span class=\"_ _3\"></span> con<span class=\"_ _2\"></span> i<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span> m<span class=\"_ _2\"></span>eto<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> fa<span class=\"_ _2\"></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=\"_ _1\"></span>ra<span class=\"_ _1\"></span> d<span class=\"_ _2\"></span>el p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>trim<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>erd<span class=\"_ _2\"></span>itenett<span class=\"_ _2\"></span>oL<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> Pr<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _3\"></span> S.r<span class=\"_ _2\"></span>.l<span class=\"_ _2\"></span>.<span class=\"_ _237\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,6<span class=\"_ _10a\"> </span>-<span class=\"_ _61\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _8d\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>5</span>G<span class=\"_ _0\"></span>D Med<span class=\"_ _3\"></span>ia <span class=\"_ _1\"></span>Servi<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>e S.r<span class=\"_ _2\"></span>.l<span class=\"_ _2\"></span>.<span class=\"_ _6d\"> </span><span class=\"fc1\">0,<span class=\"_ _1\"></span>3<span class=\"_ _10a\"> </span>-<span class=\"_ _7d\"> </span>0,<span class=\"_ _1\"></span>1<span class=\"_ _14e\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _2\"></span>5</span>E<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>cu<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<span class=\"_ _3\"></span> Tel<span class=\"_ _1\"></span>va<span class=\"_ _3\"></span> S.<span class=\"_ _2\"></span>L<span class=\"_ _2\"></span>.<span class=\"_ _27\"> </span><span class=\"fc1\">0,<span class=\"_ _2\"></span>0<span class=\"_ _10a\"> </span>-<span class=\"_ _1a4\"> </span>-<span class=\"_ _14e\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _62\"> </span>0<span class=\"_ _1\"></span>,0</span>R<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _e\"></span> <span class=\"_ _1\"></span>Sal<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span> S.<span class=\"_ _1\"></span>A<span class=\"_ _3\"></span>.<span class=\"_ _238\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,2<span class=\"_ _10a\"> </span>-<span class=\"_ _7d\"> </span>0<span class=\"_ _1\"></span>,0<span class=\"_ _14e\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _1c1\"> </span>(<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>1)<span class=\"_ _115\"> </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=\"_ _2\"></span>erm<span class=\"_ _2\"></span>on<span class=\"_ _3\"></span>t<span class=\"_ _239\"> </span><span class=\"fc1\">2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,4<span class=\"_ _10a\"> </span>-<span class=\"_ _8f\"> </span>(3<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>)<span class=\"_ _7a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _23a\"> </span>(0<span class=\"_ _2\"></span>,2<span class=\"_ _2\"></span>)<span class=\"_ _53\"> </span>2<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>,6</span>Q<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>e S.r<span class=\"_ _2\"></span>.l<span class=\"_ _2\"></span>.<span class=\"_ _86\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,1<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>1</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>ale p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>teci<span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>zi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i i<span class=\"_ _3\"></span>n <span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>oci<span class=\"_ _3\"></span>et\u00e0<span class=\"_ _2\"></span> 2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,7<span class=\"_ _1a4\"> </span>-<span class=\"_ _234\"> </span>(<span class=\"_ _1\"></span>3<span class=\"_ _3\"></span>,6)<span class=\"_ _8d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _51\"> </span>(0,3<span class=\"_ _3\"></span>)<span class=\"_ _64\"> </span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,9colle<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> e j<span class=\"_ _2\"></span>oint <span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>ure<span class=\"_ _3\"></span>sW<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ee M<span class=\"_ _3\"></span>ed<span class=\"_ _3\"></span>ia <span class=\"_ _1\"></span>S.<span class=\"_ _1\"></span>L<span class=\"_ _ef\"> </span><span class=\"fc1\">0,<span class=\"_ _2\"></span>2<span class=\"_ _23b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _232\"> </span>-<span class=\"_ _62\"> </span>0,<span class=\"_ _1\"></span>2</span>A<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>a Societ\u00e0<span class=\"_ _3\"></span> C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>erat<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _eb\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,6<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>6</span>H<span class=\"_ _1\"></span>-F<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span> S.p.A.<span class=\"_ _23c\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,2<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>2</span>D<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _3\"></span>ital <span class=\"_ _2\"></span>M<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>cs<span class=\"_ _e\"></span> S<span class=\"_ _1\"></span>.p.A<span class=\"_ _3\"></span>.<span class=\"_ _23d\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,1<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>1</span>Im<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>iar<span class=\"_ _1\"></span>e E<span class=\"_ _2\"></span>dito<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> G<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>orn<span class=\"_ _3\"></span>ali<span class=\"_ _2\"></span> S<span class=\"_ _1\"></span>.r<span class=\"_ _2\"></span>.l<span class=\"_ _2\"></span>.<span class=\"_ _17b\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,4<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _2\"></span>4</span>N<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> M<span class=\"_ _3\"></span>ark<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>Pl<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>e S.<span class=\"_ _1\"></span>L<span class=\"_ _2\"></span>.<span class=\"_ _124\"> </span><span class=\"fc1\">0,<span class=\"_ _1\"></span>4<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _232\"> </span>-<span class=\"_ _62\"> </span>0,<span class=\"_ _1\"></span>4</span>B<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>y<span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span> S.<span class=\"_ _1\"></span>r.<span class=\"_ _2\"></span>l.<span class=\"_ _23e\"> </span><span class=\"fc1\">-<span class=\"_ _7d\"> </span>3,0<span class=\"_ _10a\"> </span>-<span class=\"_ _14e\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _62\"> </span>3<span class=\"_ _1\"></span>,0</span>C<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>fr<span class=\"_ _2\"></span>iel<span class=\"_ _2\"></span> S.<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>.a r<span class=\"_ _1\"></span>.l<span class=\"_ _2\"></span>.<span class=\"_ _23f\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,3<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>3</span>A<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tre m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _86\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,2<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>2</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>ale altri s<span class=\"_ _e\"></span>t<span class=\"_ _1\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _1\"></span>i d<span class=\"_ _2\"></span>i ca<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>e<span class=\"_ _e4\"> </span>2<span class=\"_ _3\"></span>,4<span class=\"_ _154\"> </span>3<span class=\"_ _3\"></span>,0<span class=\"_ _1a4\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _232\"> </span>-<span class=\"_ _7c\"> </span>5<span class=\"_ _3\"></span>,4T<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>ale p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>teci<span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>zi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _79\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,2<span class=\"_ _159\"> </span>3<span class=\"_ _3\"></span>,0<span class=\"_ _62\"> </span>(<span class=\"_ _1\"></span>3<span class=\"_ _3\"></span>,6)<span class=\"_ _8d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _51\"> </span>(0,3<span class=\"_ _3\"></span>)<span class=\"_ _64\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,3Nella <span class=\"_ _1\"></span>voce <span class=\"_ _2\"></span>sono incluse <span class=\"_ _2\"></span>principalmente <span class=\"_ _2\"></span>le partec<span class=\"_ _1\"></span>ipazioni <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>el Grup<span class=\"_ _1\"></span>po <span class=\"_ _1\"></span>RCS <span class=\"_ _2\"></span>in Corp<span class=\"_ _1\"></span>oracion <span class=\"_ _1\"></span>Bermont <span class=\"_ _2\"></span>(Euro <span class=\"_ _1\"></span>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 quotidiani, <span class=\"_ _3\"></span>periodici e altri prodotti editoriali nonch\u00e9 della di<span class=\"_ _1\"></span>stribuzione, <span class=\"_ _2\"></span>commercializzazione, <span class=\"_ _2\"></span>vendita e promozione di q<span class=\"_ _1\"></span>ualsiasi tipo d<span class=\"_ _1\"></span>i stampa periodica.<span class=\"_ _2\"></span> Gli <span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>tri <span class=\"_ _2\"></span>stru<span class=\"_ _1\"></span>menti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>apitale, <span class=\"_ _0\"></span>ovvero <span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>titoli <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>partec<span class=\"_ _1\"></span>ipazioni <span class=\"_ _0\"></span>che <span class=\"_ _2\"></span>non <span class=\"_ _0\"></span>sono <span class=\"_ _2\"></span>n\u00e9 <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _0\"></span>controllo, <span class=\"_ _2\"></span>n\u00e9 <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>collegamen<span class=\"_ _1\"></span>to, </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=\"_ _1\"></span>ota di partecipaz<span class=\"_ _1\"></span>ione del 7% nella star<span class=\"_ _1\"></span>tup<span class=\"ff1f\"> dell'</span>home f<span class=\"_ _1\"></span>itness Buddyfi<span class=\"_ _1\"></span>t S.r.l. Tali attivit\u00e0 sono valutate a<span class=\"_ _1\"></span>l <span class=\"ff24\">fair value </span>con livello gerarchico 1 (Euro 0,3 milioni<span class=\"_ _1\"></span>) e livello gerarchico 3 (Euro<span class=\"_ _2\"></span> 5,1 <span class=\"ff22\">milioni) ai sens<span class=\"_ _1\"></span>i dell\u2019IFR<span class=\"_ _1\"></span>S 7.<span class=\"ff1f\"> </span></span>Le<span class=\"ls0\"> <span class=\"_ _3\"></span>pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span>cip<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>pe<span class=\"_ _2\"></span>r <span class=\"_ _3\"></span><span class=\"ls4d\">le</span> <span class=\"_ _3\"></span>qu<span class=\"_ _2\"></span>ali <span class=\"ls1\">non</span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>ile<span class=\"_ _2\"></span> <span class=\"_ _e\"></span><span class=\"ls4d\">il</span> <span class=\"_ _3\"></span><span class=\"ff24\">fa<span class=\"_ _2\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span><span class=\"ff1f\">so<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>is<span class=\"_ _2\"></span>cri<span class=\"_ _2\"></span>tte<span class=\"_ _2\"></span> <span class=\"_ _e\"></span><span class=\"ls48\">al</span> <span class=\"_ _3\"></span>co<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>eve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>me<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span>e svalutato <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>le </span></span></span>perdite di valore. 20. Cr<span class=\"_ _2\"></span>edit<span class=\"_ _2\"></span>i fina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>e c<span class=\"_ _2\"></span>orrent<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> I <span class=\"_ _1\"></span>crediti <span class=\"_ _2\"></span>e <span class=\"ls16\">le</span> <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"ls6\">di</span> <span class=\"_ _2\"></span>natura fina<span class=\"_ _1\"></span>nziaria <span class=\"_ _2\"></span>ammontano <span class=\"_ _2\"></span>complessivamente <span class=\"_ _1\"></span><span class=\"ls3\">ad<span class=\"ls0\"> Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>3,1 <span class=\"_ _1\"></span>milioni (Euro <span class=\"_ _6\"></span>0,6 <span class=\"_ _7\"></span>milioni </span></span>al<span class=\"ls0\"> <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2021<span class=\"ls5\">),</span> <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>Euro <span class=\"_ _11\"></span>1,2 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>correnti <span class=\"_ _6\"></span>(Euro <span class=\"_ _6\"></span><span class=\"ls1\">0,3 </span>milioni al 31 dic<span class=\"_ _1\"></span>embre <span class=\"ls6\">202</span>1<span class=\"ls7\">).<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span></span>Tali <span class=\"_ _6\"></span>importi <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ncludono<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>complessivi <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>1,3 milioni, <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>cui <span class=\"_ _e\"></span>0,4 milioni <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>correnti. <span class=\"_ _3\"></span>Per <span class=\"_ _e\"></span><span class=\"ls6\">un<span class=\"_ _3\"></span></span> <span class=\"_ _e\"></span>commento <span class=\"_ _e\"></span><span class=\"ls49\">si</span> <span class=\"_ _e\"></span>rimanda <span class=\"_ _e\"></span>alla <span class=\"_ _e\"></span>successiva <span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span> n. <span class=\"ls1\">34.</span> Il <span class=\"_ _5\"> </span><span class=\"ff24\">fair <span class=\"_ _5\"> </span>val<span class=\"_ _3\"></span>ue</span> <span class=\"_ _4\"> </span>dei<span class=\"_ _3\"></span> <span class=\"_ _5\"> </span>finanziamenti <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>lungo <span class=\"_ _5\"> </span>termine <span class=\"_ _4\"> </span>verso<span class=\"_ _3\"></span> <span class=\"_ _5\"> </span>terzi <span class=\"_ _4\"> </span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _5\"> </span>stimato <span class=\"_ _5\"> </span>sulla <span class=\"_ _4\"> </span><span class=\"ff22\">bas<span class=\"_ _3\"></span>e dell\u2019attual<span class=\"_ _1\"></span>izzazione </span>dei flussi di cas<span class=\"_ _1\"></span>sa futuri al <span class=\"_ _1\"></span>tasso di merca<span class=\"_ _1\"></span>to. Di seguito si r<span class=\"_ _1\"></span>iporta il confronto <span class=\"_ _1\"></span>tra il valore contabi<span class=\"_ _1\"></span>le ed il <span class=\"ff24\">fair val<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>e<span class=\"ff1f\">:<span class=\"_ _1\"></span> </span></span>De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></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=\"_ _2\"></span>a<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nta<span class=\"_ _2\"></span>bil<span class=\"_ _1\"></span>e<span class=\"_ _13\"> </span>Fa<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lu<span class=\"_ _2\"></span>e<span class=\"_ _75\"> </span>V<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>ore<span class=\"_ _e\"></span> co<span class=\"_ _3\"></span>nta<span class=\"_ _2\"></span>bile<span class=\"_ _14\"> </span>Fa<span class=\"_ _2\"></span>ir<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>ueFi<span class=\"_ _0\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>o term<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> verso terz<span class=\"_ _2\"></span>i<span class=\"_ _240\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _205\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _122\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _7e\"> </span>0,<span class=\"_ _2\"></span>2Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o sval<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _241\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _79\"> </span>-<span class=\"_ _213\"> </span>-Fi<span class=\"_ _0\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>o term<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> verso col<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>egate<span class=\"_ _1bb\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _79\"> </span>-<span class=\"_ _213\"> </span>-Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o sval<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> verso<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>gate<span class=\"_ _242\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _79\"> </span>-<span class=\"_ _213\"> </span>-Totale<span class=\"_ _128\"> </span>0,<span class=\"_ _3\"></span>8<span class=\"_ _61\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _2d\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _61\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2I crediti finanzia<span class=\"_ _1\"></span>ri correnti sono pa<span class=\"_ _1\"></span>ri a Euro 1 milione <span class=\"_ _1\"></span>(Euro 0,2 milion<span class=\"_ _1\"></span>i al 31 dice<span class=\"_ _1\"></span>mbre <span class=\"ls6\">202</span>1).<span class=\"_ _1\"></span> 21. A<span class=\"_ _2\"></span>ltre <span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> no<span class=\"_ _2\"></span>n cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti Le altre attivit\u00e0 no<span class=\"_ _1\"></span>n correnti, pa<span class=\"_ _1\"></span>ri ad Euro 4,3 milioni <span class=\"_ _1\"></span>al 31 dice<span class=\"_ _1\"></span>mbre 2022, includ<span class=\"_ _2\"></span>ono depositi cauzionali e bancari e credit<span class=\"_ _1\"></span>i verso l\u2019erario <span class=\"_ _1\"></span>a lungo termine. 22. At<span class=\"_ _2\"></span>tivit<span class=\"_ _2\"></span>\u00e0 per<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>mpos<span class=\"_ _2\"></span>te ant<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ipa<span class=\"_ _2\"></span>te Le <span class=\"_ _2\"></span>\u201cattivit\u00e0 <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>mposte <span class=\"_ _2\"></span>anti<span class=\"_ _1\"></span>cipate\u201d <span class=\"_ _2\"></span>derivano <span class=\"_ _0\"></span>dal <span class=\"_ _2\"></span>riconoscimento, <span class=\"_ _2\"></span>ne<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span>bilancio <span class=\"_ _2\"></span>consol<span class=\"_ _1\"></span>ida<span class=\"ff1f ls2\">to<span class=\"ls0\"> <span class=\"_ _11\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></span>2022<span class=\"ls6\">, </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 pas<span class=\"_ _1\"></span>sivit\u00e0 esposti <span class=\"ls2\">in<span class=\"_ _1\"></span><span class=\"ls0\"> bilancio <span class=\"_ _1\"></span>e i </span></span>valori <span class=\"_ _3\"></span>riconosciuti <span class=\"ls4\">ai</span> <span class=\"_ _3\"></span>f<span class=\"_ _3\"></span>ini f<span class=\"_ _3\"></span>iscali <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sui <span class=\"_ _3\"></span>benefici <span class=\"_ _3\"></span>fiscali <span class=\"_ _e\"></span>derivant<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>da <span class=\"_ _3\"></span>perdite <span class=\"_ _e\"></span>fiscali <span class=\"_ _e\"></span>utilizzab<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>li. <span class=\"_ _e\"></span>La <span class=\"_ _e\"></span>voce, <span class=\"_ _3\"></span>pari<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>ad Euro <span class=\"_ _a\"> </span>86 <span class=\"_ _a\"></span>milioni,<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>presenta <span class=\"_ _7\"></span>un <span class=\"_ _a\"> </span>decremento <span class=\"_ _a\"></span>di <span class=\"_ _7\"></span>Euro <span class=\"_ _a\"> </span>0,8 <span class=\"_ _a\"> </span>milioni <span class=\"_ _7\"></span>rispetto <span class=\"_ _a\"> </span><span class=\"ls3\">al</span> <span class=\"_ _a\"> </span>31 <span class=\"_ _a\"></span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _a\"></span>2021 <span class=\"_ _7\"></span>e <span class=\"_ _a\"> </span>pu\u00f2 <span class=\"_ _7\"></span>essere dettagliata co<span class=\"_ _1\"></span>me seg<span class=\"_ _2\"></span>ue: Desc<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>i<span class=\"_ _e\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _e\"></span>one3<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=\"_ _2f\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>12<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>i<span class=\"_ _e\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>neP<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rd<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>te fi<span class=\"_ _2\"></span>sca<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> ri<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rta<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>nu<span class=\"_ _2\"></span>ov<span class=\"_ _2\"></span>o2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>,6<span class=\"_ _27\"> </span>22<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _e3\"> </span>(1,<span class=\"_ _2\"></span>0)Fo<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> re<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>fi<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ati<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>\u2019atti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>o p<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _49\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _2a\"> </span>0,<span class=\"_ _2\"></span>1Fo<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> ri<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ed o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _49\"> </span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2a\"> </span>1,<span class=\"_ _2\"></span>3Co<span class=\"_ _1\"></span>sti<span class=\"_ _2\"></span> a <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>edu<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>ta8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _49\"> </span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _49\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4Fi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>ta da re<span class=\"_ _3\"></span>gi<span class=\"_ _0\"></span>me di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>trasparenz<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> fi<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>e-<span class=\"_ _c8\"> </span>-<span class=\"_ _bc\"> </span>-Im<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>zaz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>materi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ateri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _49\"> </span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _e3\"> </span>(0,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)Val<span class=\"_ _2\"></span>utaz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e s<span class=\"_ _3\"></span>tru<span class=\"_ _2\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span>vati0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _49\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _e3\"> </span>(0,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>ded<span class=\"_ _2\"></span>uci<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>ta1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,1<span class=\"_ _27\"> </span>12<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _e3\"> </span><span class=\"fc1\">(2,<span class=\"_ _2\"></span>5)</span>Al<span class=\"_ _2\"></span>tre di<span class=\"_ _2\"></span>fferenz<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>tem<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span>nee2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,1<span class=\"_ _27\"> </span>25<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _e3\"> </span>(0,<span class=\"_ _2\"></span>5)Totale<span class=\"_ _e\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 p<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span> im<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>os<span class=\"_ _11\"></span>te<span class=\"_ _e\"></span> an<span class=\"_ _1\"></span>ticip<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,0<span class=\"_ _e3\"> </span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _1f\"> </span>(0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)Le <span class=\"_ _e\"></span>imposte <span class=\"_ _e\"></span>anticipate <span class=\"_ _e\"></span>sono <span class=\"_ _11\"></span>calcolate <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>funzione <span class=\"_ _e\"></span>della <span class=\"_ _11\"></span>stima <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>im<span class=\"_ _3\"></span>ponibili <span class=\"_ _e\"></span>fiscali <span class=\"_ _e\"></span>futuri <span class=\"_ _e\"></span>nei <span class=\"_ _11\"></span>periodi <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>cui <span class=\"_ _e\"></span>le relative differenz<span class=\"_ _1\"></span>e temporanee e i be<span class=\"_ _1\"></span>nefici derivant<span class=\"_ _1\"></span>i dall\u2019utilizzo di <span class=\"_ _1\"></span>perdite fiscal<span class=\"_ _1\"></span>i pregresse s<span class=\"_ _1\"></span>i riverseranno. Le <span class=\"_ _e\"></span>imposte <span class=\"_ _e\"></span>anticipate <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _e\"></span>2022 <span class=\"_ _11\"></span>si <span class=\"_ _e\"></span>riferiscono <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>Euro <span class=\"_ _11\"></span>82,6 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span>Gruppo <span class=\"_ _e\"></span>RCS <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>cui <span class=\"_ _e\"></span>Euro 58,6 milioni al gr<span class=\"_ _1\"></span>uppo spagnolo Un<span class=\"_ _1\"></span>idad Editor<span class=\"_ _1\"></span>ial. Con <span class=\"_\"> </span>particolare <span class=\"_ _16\"> </span>riferimento <span class=\"_\"> </span>alle <span class=\"_ _16\"> </span>imposte <span class=\"_\"> </span>anticipate <span class=\"_\"> </span>relative <span class=\"_ _16\"> </span>al<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>gruppo <span class=\"_\"> </span>Unidad <span class=\"_\"> </span>Edit<span class=\"_ _3\"></span>orial, <span class=\"_\"> </span>la <span class=\"_ _16\"> </span>valutazione dell\u2019iscrivibil<span class=\"_ _1\"></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=\"_ _3\"></span>31 <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _e\"></span><span class=\"ff1f\">2022 \u00e8 <span class=\"_ _e\"></span>stata effettuata <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _e\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>stima </span>dei <span class=\"_ _6\"></span>redditi <span class=\"_ _6\"></span>imponibili <span class=\"_ _11\"></span>ricavabili <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>piano <span class=\"_ _6\"></span>2023-2027 <span class=\"_ _6\"></span>approvato <span class=\"_ _e\"></span><span class=\"ls4\">ed</span> <span class=\"_ _6\"></span>estrapolando <span class=\"_ _e\"></span>da <span class=\"_ _11\"></span><span class=\"ff22\">quest\u2019ultimo</span> <span class=\"_ _11\"></span><span class=\"ls16\">la</span> <span class=\"_ _11\"></span>bas<span class=\"_ _3\"></span>e <span class=\"_ _11\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> calcolo per <span class=\"ls2\">le</span> p<span class=\"_ _1\"></span>roiezion<span class=\"_ _1\"></span>i dei <span class=\"ff22\">successivi esercizi. Peraltro, l\u2019ammontare delle perdite fiscali <span class=\"_ _3\"></span>riportabili a nuovo </span>a fronte delle qua<span class=\"_ _1\"></span>li non son<span class=\"_ _1\"></span>o state iscrit<span class=\"_ _1\"></span>te imposte anti<span class=\"_ _1\"></span>cipate \u00e8 di <span class=\"_ _1\"></span>importo sign<span class=\"_ _1\"></span>ificativo. Alla <span class=\"_ _11\"></span>l<span class=\"_ _3\"></span>uce <span class=\"_ _11\"></span>del <span class=\"_ _6\"></span>contesto <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>incertezza <span class=\"_ _11\"></span>sono <span class=\"_ _6\"></span>state <span class=\"_ _11\"></span>condotte <span class=\"_ _6\"></span>analisi <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>sens<span class=\"_ _3\"></span>itivit\u00e0 <span class=\"_ _11\"></span>sul <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>plan <span class=\"_ _11\"></span>usato <span class=\"_ _6\"></span>per <span class=\"_ _11\"></span>la verifica <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>recuperabilit\u00e0 <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>imposte <span class=\"_ _2\"></span>anticipate <span class=\"_ _2\"></span>iscritte <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>Spagna <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>linea <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>quanto <span class=\"_ _2\"></span>predisposto <span class=\"_ _2\"></span>nell\u2019ambito del <span class=\"_ _7\"></span>test <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>impairment. <span class=\"_ _7\"></span>Tali <span class=\"_ _7\"></span>analisi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>sensitivit\u00e0 <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>hanno <span class=\"_ _7\"></span>evidenziato <span class=\"_ _7\"></span>criticit\u00e0 <span class=\"_ _7\"></span>rispetto <span class=\"_ _7\"></span>alla <span class=\"_ _a\"> </span>complessiva recuperabilit\u00e0 d<span class=\"_ _1\"></span>elle imposte<span class=\"_ _1\"></span> anticipate iscr<span class=\"_ _1\"></span>itte.<span class=\"fs0\"> </span>23. R<span class=\"_ _2\"></span>imane<span class=\"_ _1\"></span>nze La composizione e <span class=\"_ _3\"></span>la m<span class=\"_ _3\"></span>ovimentaz<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>delle rimanenze, interamente riconducibili alle societ\u00e0 <span class=\"_ _3\"></span>editoriali, sono esposte nel segu<span class=\"_ _1\"></span>ito: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></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=\"_ _7d\"> </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=\"_ _2\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ioneM<span class=\"_ _1\"></span>ateri<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span>me,<span class=\"_ _2\"></span> sussi<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e e<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>sum<span class=\"_ _2\"></span>o2<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>4<span class=\"_ _21\"> </span>1<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>1<span class=\"_ _243\"> </span>1<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>3P<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>orso<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>av<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>em<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>orati<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> bo<span class=\"_ _2\"></span>rd<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>r\u00f23<span class=\"_ _2\"></span>,8<span class=\"_ _244\"> </span>2<span class=\"_ _2\"></span>,1<span class=\"_ _24\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7P<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>bri3<span class=\"_ _2\"></span>,3<span class=\"_ _244\"> </span>2<span class=\"_ _2\"></span>,4<span class=\"_ _24\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9Total<span class=\"_ _1\"></span>e3<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _17e\"> </span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _165\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,9Le <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>imanenze <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>es<span class=\"_ _3\"></span>poste <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>fondo <span class=\"_ _6\"></span>svalutazione <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>2,<span class=\"_ _3\"></span>6 <span class=\"_ _7\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _7\"></span>2,2 <span class=\"_ _7\"></span>milioni <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>31 dicembre 2021).<span class=\"_ _1\"></span> <span class=\"ff21 fs7 fc0\">Materie prime, sussid<span class=\"_ _1\"></span>iarie e di co<span class=\"_ _2\"></span>nsumo<span class=\"_ _2\"></span> </span>La<span class=\"ls0\"> <span class=\"_ _2\"></span>voce<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>incl<span class=\"_ _1\"></span>ude <span class=\"_ _0\"></span>principalmente <span class=\"_ _0\"></span>giacenze <span class=\"_ _0\"></span>di <span class=\"_ _2\"></span>carta <span class=\"_ _0\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _2\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>iscritta <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _0\"></span>minore <span class=\"_ _0\"></span>tra <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"ls0\"> <span class=\"_ _0\"></span>costo <span class=\"_ _2\"></span><span class=\"ff22\">d\u2019acquis<span class=\"_ _1\"></span>to o<span class=\"ff1f\"> <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>produzio<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span><span class=\"ls3\">ed<span class=\"ls0\"> </span></span></span></span></span></span></span></span></span></span></span></span></span>il<span class=\"ls0\"> <span class=\"_ _2\"></span>valore <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>presunt<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>realizz<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>desumibile <span class=\"_ _2\"></span><span class=\"ff22\">dal<span class=\"_ _1\"></span>l\u2019andament<span class=\"_ _1\"></span>o<span class=\"ff1f\"> <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>mercato <span class=\"_ _0\"></span>alla chiusura <span class=\"_ _2\"></span>del periodo. <span class=\"_ _2\"></span>Si ricorda <span class=\"_ _2\"></span>che il </span></span></span>costo di acquis<span class=\"_ _1\"></span>to per le materie pr<span class=\"_ _1\"></span>ime \u00e8 deter<span class=\"_ _1\"></span>minato con il metodo del cos<span class=\"_ _1\"></span>to medio<span class=\"_ _1\"></span> ponderato. <span class=\"ff21 fs7 fc0\">Prodotti <span class=\"ls2\">in<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>corso <span class=\"ls27\">di</span> <span class=\"_ _2\"></span>lavorazione, <span class=\"_ _1\"></span>semilavorat<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>bo<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>er\u00f2<span class=\"_ _1\"></span> </span></span></span>La voce <span class=\"_ _3\"></span>include i<span class=\"_ _3\"></span> costi <span class=\"_ _3\"></span>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=\"_ _1\"></span>per se<span class=\"_ _1\"></span>rvizi non <span class=\"_ _2\"></span>ancora utilizzati, <span class=\"_ _2\"></span>ma disponibili <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>future p<span class=\"_ _1\"></span>ubblicazion<span class=\"_ _1\"></span>i, e l<span class=\"_ _1\"></span>avori <span class=\"_ _1\"></span>in corso su ope<span class=\"_ _1\"></span>re di prossima ediz<span class=\"_ _1\"></span>ione.<span class=\"ff21\"> </span><span class=\"ff21 fs7 fc0\">Prodotti <span class=\"_ _2\"></span>fini<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span> </span>La <span class=\"_ _e\"></span>voce <span class=\"_ _3\"></span>include <span class=\"_ _e\"></span>le <span class=\"_ _3\"></span>rimanenze <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>libri <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>prodotti <span class=\"_ _3\"></span>promozionali <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>RCS, <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>giacenze <span class=\"_ _3\"></span>di La7 re<span class=\"_ _1\"></span>lative a<span class=\"_ _1\"></span> programmi televisivi prodott<span class=\"_ _1\"></span>i <span class=\"ls16\">le<span class=\"_ _3\"></span></span> cui puntate non sono <span class=\"_ _3\"></span>ancora andate <span class=\"ls2\">in</span> onda <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _11\"></span>2022, <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>diritti <span class=\"_ _e\"></span>di durata inferiore a<span class=\"_ _1\"></span> 12 mesi<span class=\"_ _1\"></span> <span class=\"ls49\">su</span> film, telefilm, ca<span class=\"_ _1\"></span>rtoni animati e <span class=\"_ _2\"></span>documentari <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>quali<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _1\"></span>disponib<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_ _2\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>diritto </span></span>non <span class=\"_ _2\"></span>si \u00e8 <span class=\"_ _2\"></span>esaurita <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>si di<span class=\"_ _1\"></span>spone <span class=\"_ _2\"></span>di pa<span class=\"_ _1\"></span>ssaggi degli ste<span class=\"_ _1\"></span>ssi da poter t<span class=\"_ _1\"></span>rasmettere ne<span class=\"_ _1\"></span>ll\u2019esercizio succes<span class=\"_ _1\"></span>sivo. 24. Cr<span class=\"_ _2\"></span>edit<span class=\"_ _2\"></span>i comme<span class=\"_ _2\"></span>rcial<span class=\"_ _1\"></span>i La<span class=\"ls0\"> composizione d<span class=\"_ _1\"></span>ella voc<span class=\"_ _1\"></span>e \u00e8 esposta ne<span class=\"_ _1\"></span>l prospetto <span class=\"_ _1\"></span>che se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>e:<span class=\"_ _1\"></span> </span>De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne31<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=\"_ _52\"> </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=\"_ _2\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>neCred<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i3<span class=\"_ _2\"></span>02<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _17b\"> </span>32<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _22\"> </span>(2<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)F<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>o sv<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>tazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i(3<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>)<span class=\"_ _b4\"> </span>(4<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>)<span class=\"_ _24\"> </span>3,<span class=\"_ _2\"></span>0Total<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _2\"></span>ti c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>rcia<span class=\"_ _2\"></span>li26<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _98\"> </span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,8<span class=\"_ _7b\"> </span>(24<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)I <span class=\"_ _2\"></span>crediti c<span class=\"_ _2\"></span>ommerciali, <span class=\"_ _2\"></span>pari <span class=\"_ _1\"></span>ad <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>2<span class=\"_ _3\"></span>64,3 <span class=\"_ _2\"></span>milioni, <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>esposti <span class=\"_ _2\"></span>al ne<span class=\"_ _1\"></span>tto <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>rese <span class=\"_ _1\"></span>attese <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>quotidia<span class=\"_ _3\"></span><span class=\"ls6\">ni</span> <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>periodici e pre<span class=\"_ _1\"></span>sentano <span class=\"_ _2\"></span>un <span class=\"ls6\">de</span>cremento <span class=\"_ _1\"></span>di Eu<span class=\"_ _2\"></span>ro<span class=\"_ _3\"></span> 24,<span class=\"_ _2\"></span>5 milioni <span class=\"_ _2\"></span>rispetto <span class=\"ff22\">al<span class=\"_ _1\"></span>l\u2019esercizio pre<span class=\"_ _1\"></span>cedente<span class=\"ff1f\">. </span></span>I <span class=\"_ _7\"></span>crediti <span class=\"_ _7\"></span>commerciali <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>inoltre <span class=\"_ _7\"></span>espressi <span class=\"_ _7\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>fondo <span class=\"_ _7\"></span>svalutazione <span class=\"_ _7\"></span>crediti <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>stato <span class=\"_ _a\"> </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=\"_ _5\"> </span>rischio <span class=\"_ _4\"> </span>specifica<span class=\"_ _1\"></span>mente <span class=\"_ _4\"> </span>individuate, <span class=\"_ _4\"> </span>sia <span class=\"_ _a\"></span>di <span class=\"_ _7\"></span>un <span class=\"_ _a\"></span>rischio <span class=\"_ _7\"></span>generico <span class=\"_ _7\"></span>di inesigibilit\u00e0 conse<span class=\"_ _1\"></span>guente al norm<span class=\"_ _1\"></span>ale andament<span class=\"_ _1\"></span>o dell\u2019opera<span class=\"_ _1\"></span>tivit\u00e0 azi<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>dal<span class=\"_ _1\"></span>e.<span class=\"_ _2\"></span> Il <span class=\"_ _1\"></span>fondo <span class=\"_ _2\"></span>svalutazione <span class=\"_ _1\"></span>crediti, <span class=\"_ _2\"></span>pari ad <span class=\"_ _2\"></span>Euro 37,9 <span class=\"_ _2\"></span>milioni, <span class=\"_ _2\"></span>si<span class=\"_ _3\"></span> <span class=\"ls6\">de</span>crementa <span class=\"_ _2\"></span>di Eu<span class=\"_ _1\"></span>ro 3 <span class=\"_ _2\"></span>milioni <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls6\">31<span class=\"ls0\"> <span class=\"_ _2\"></span>dice<span class=\"_ _1\"></span>mbre </span></span></span></span>2021 <span class=\"_ _212\"></span>per <span class=\"_ _0\"></span>effetto <span class=\"_ _212\"></span>degli <span class=\"_ _212\"></span>accantonamenti <span class=\"_ _212\"></span>del <span class=\"_ _0\"></span>periodo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>(Euro <span class=\"_ _212\"></span>1,2 <span class=\"_ _2\"></span>milioni<span class=\"_ _1\"></span>), <span class=\"_ _2\"></span>dagli <span class=\"_ _212\"></span>utilizzi <span class=\"_ _212\"></span>del <span class=\"_ _212\"></span>periodo <span class=\"_ _212\"></span>(Euro <span class=\"_ _0\"></span>4,2 <span class=\"_ _212\"></span>milioni).<span class=\"_ _2\"></span> Per <span class=\"ls6\">un</span> pi\u00f9 ampio co<span class=\"_ _1\"></span>mmento sul risch<span class=\"_ _1\"></span>io di credito s<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> rimanda al<span class=\"_ _1\"></span>la Nota 4<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></span> 25. Cr<span class=\"_ _2\"></span>edit<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>verso<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>olla<span class=\"_ _2\"></span>nti, <span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>llegat<span class=\"_ _1\"></span>e e<span class=\"_ _2\"></span> cons<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iat<span class=\"_ _1\"></span>e La<span class=\"ls0\"> <span class=\"_ _a\"> </span>voce, <span class=\"_ _a\"> </span>pari <span class=\"_ _12\"> </span><span class=\"ls3\">ad</span> <span class=\"_ _a\"> </span>Euro <span class=\"_ _a\"> </span>2,6 <span class=\"_ _a\"> </span>milioni <span class=\"_ _a\"> </span>(Euro <span class=\"_ _a\"> </span>2,9 <span class=\"_ _a\"> </span>milioni <span class=\"_ _a\"> </span><span class=\"ls4\">al</span> <span class=\"_ _a\"> </span>31 <span class=\"_ _a\"> </span>dicembre <span class=\"_ _a\"> </span>2021<span class=\"ls5\">),</span> <span class=\"_ _a\"> </span>include <span class=\"_ _5\"> </span>pr<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>cip<span class=\"_ _2\"></span>alme<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>:<span class=\"_ _1\"></span> </span><span class=\"ff1f fs7 fc0\">per <span class=\"_ _e\"></span>Euro <span class=\"_ _3\"></span>1,4 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>crediti <span class=\"_ _e\"></span>verso <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>valutate <span class=\"_ _e\"></span>a <span class=\"_ _3\"></span>patrimonio <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>Gruppo m<span class=\"_ _3\"></span>-Dis <span class=\"_ _2\"></span>Distribuzione <span class=\"_ _2\"></span>Media<span class=\"_ _1\"></span> </span><span class=\"ff1f fs7 fc0\">per <span class=\"_ _11\"></span>Eur<span class=\"_ _1\"></span>o <span class=\"_ _11\"></span><span class=\"ls6\">0,</span>8 <span class=\"_ _e\"></span>milio<span class=\"_ _1\"></span>ni <span class=\"_ _11\"></span>cred<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>verso<span class=\"_ _1\"></span> <span class=\"_ _11\"></span><span class=\"ls16\">la</span> <span class=\"_ _11\"></span>socie<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _11\"></span>conso<span class=\"_ _2\"></span>cia<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>Torin<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>Fo<span class=\"_ _1\"></span>otb<span class=\"_ _2\"></span>all <span class=\"_ _11\"></span>Clu<span class=\"_ _1\"></span>b <span class=\"_ _11\"></span>S.p<span class=\"_ _2\"></span>.A. <span class=\"_ _e\"></span>matura<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span>principalmente<span class=\"_ _1\"></span> </span>nell\u2019ambito dei ra<span class=\"_ _1\"></span>pporti co<span class=\"_ _1\"></span>ntrattuali desc<span class=\"_ _1\"></span>ritti nella suc<span class=\"_ _1\"></span>cessiva Nota 4<span class=\"_ _1\"></span>0;<span class=\"ff1f\"> </span>per <span class=\"_ _ab\"> </span>Euro <span class=\"_ _15\"> </span>0,4 <span class=\"_ _17\"> </span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _15\"> </span><span class=\"ls2\">il</span> <span class=\"_ _17\"> </span>cr<span class=\"_ _3\"></span>edito <span class=\"_ _17\"> </span>vantato <span class=\"_ _17\"> </span>da <span class=\"_ _17\"> </span>alcune <span class=\"_ _17\"> </span>societ\u00e0 <span class=\"_ _17\"> </span>del <span class=\"_ _ab\"> </span>Gruppo <span class=\"_ _15\"> </span>ver<span class=\"_ _3\"></span>so <span class=\"_ _17\"> </span><span class=\"ls2\">la</span> <span class=\"_ _17\"> </span>cont<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>llan<span class=\"_ _1\"></span>te <span class=\"_ _f\"> </span>U.T.<span class=\"_ _1\"></span> Co<span class=\"_ _1\"></span>mmu<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>matu<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>ne<span class=\"_ _2\"></span>ll\u2019am<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>to <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>cons<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>lid<span class=\"_ _2\"></span>ato <span class=\"_ _15\"> </span>fi<span class=\"_ _1\"></span>sc<span class=\"_ _2\"></span>ale <span class=\"_ _15\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _5\"> </span>que<span class=\"_ _1\"></span>st\u2019u<span class=\"_ _2\"></span>ltim<span class=\"_ _2\"></span>a <span class=\"_ _15\"> </span>vig<span class=\"_ _2\"></span>ente <span class=\"_ _5\"> </span>fino<span class=\"_ _2\"></span> <span class=\"_ _15\"> </span>al <span class=\"_ _5\"> </span>term<span class=\"_ _1\"></span>ine<span class=\"_ _2\"></span> del<span class=\"_ _1\"></span>l\u2019e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>io <span class=\"_ _2\"></span>2016.<span class=\"_ _2\"></span> 26. Cr<span class=\"_ _2\"></span>edit<span class=\"_ _2\"></span>i diver<span class=\"_ _2\"></span>si e<span class=\"_ _1\"></span>d a<span class=\"_ _2\"></span>ltre at<span class=\"_ _2\"></span>tivit<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _1\"></span>orr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti La composizione d<span class=\"_ _1\"></span>ella voce pu\u00f2 e<span class=\"_ _1\"></span>ssere cos\u00ec d<span class=\"_ _1\"></span>ett<span class=\"_ _2\"></span>aglia<span class=\"_ _2\"></span>ta: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>criz<span class=\"_ _2\"></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=\"_ _159\"> </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=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>oneCredi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> verso Erari<span class=\"_ _2\"></span>o2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,9<span class=\"_ _1fd\"> </span>20<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _8e\"> </span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> per c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> sta<span class=\"_ _3\"></span>to<span class=\"_ _d2\"> </span><span class=\"fc1\">2<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>8<span class=\"_ _172\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _b0\"> </span>1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1</span>Ratei<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _172\"> </span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _243\"> </span>1,<span class=\"_ _2\"></span>0Ant<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> a <span class=\"_ _3\"></span>fo<span class=\"_ _1\"></span>rn<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>agen<span class=\"_ _1\"></span>ti1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,7<span class=\"_ _1fd\"> </span>18<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _b8\"> </span>(0,<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _172\"> </span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _243\"> </span>0,<span class=\"_ _2\"></span>8Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _e\"></span>d<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span> dive<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>i e<span class=\"_ _e\"></span>d a<span class=\"_ _2\"></span>ltr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti86<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _b8\"> </span>61<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _b4\"> </span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,9I cred<span class=\"_ _2\"></span>iti <span class=\"_ _3\"></span>div<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>rsi<span class=\"_ _1\"></span> e altre<span class=\"_ _1\"></span> attiv<span class=\"_ _2\"></span>it\u00e0 corre<span class=\"_ _2\"></span>nti par<span class=\"_ _1\"></span>i a <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"ls6\">86</span>,2 mil<span class=\"_ _2\"></span>ioni pre<span class=\"_ _2\"></span>senta<span class=\"_ _1\"></span><span class=\"ls6\">no<span class=\"ls0\"> </span>un<span class=\"ls0\"> <span class=\"_ _3\"></span>incr<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>24,9 <span class=\"_ _e\"></span>milioni </span></span>rispetto <span class=\"_ _1\"></span>al 31<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span>cembre 202<span class=\"_ _1\"></span>1. La <span class=\"_ _2\"></span>variazione \u00e8 <span class=\"_ _1\"></span>determin<span class=\"_ _1\"></span>ata pr<span class=\"_ _1\"></span>incipalmente d<span class=\"_ _2\"></span>a maggiori c<span class=\"_ _1\"></span>rediti <span class=\"_ _1\"></span>verso <span class=\"_ _1\"></span>erario <span class=\"_ _1\"></span>e da<span class=\"_ _2\"></span> maggiori crediti p<span class=\"_ _1\"></span>er contributi sta<span class=\"_ _1\"></span>tali come descritto <span class=\"_ _1\"></span>nella Nota 2 \u201cAl<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ri ricavi e pr<span class=\"_ _1\"></span>oventi\u201d. 27. C<span class=\"_ _2\"></span>assa <span class=\"_ _1\"></span>ed <span class=\"_ _2\"></span>altre<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span>spon<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>lit<span class=\"_ _2\"></span>\u00e0 liq<span class=\"_ _1\"></span>uid<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>eq<span class=\"_ _1\"></span>uiv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i La voce pu\u00f2 essere d<span class=\"_ _1\"></span>ettagliata com<span class=\"_ _1\"></span>e seg<span class=\"_ _1\"></span>ue<span class=\"_ _2\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne31<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=\"_ _81\"> </span>3<span class=\"_ _3\"></span>1<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=\"_ _2\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>neDepo<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>ancari5<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>9<span class=\"_ _8e\"> </span>11<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>7<span class=\"_ _1fd\"> </span>(5<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>)Denaro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>ssa0<span class=\"_ _2\"></span>,4<span class=\"_ _1da\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _36\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Total<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>d a<span class=\"_ _1\"></span>ltr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> dis<span class=\"_ _3\"></span>ponib<span class=\"_ _2\"></span>ili<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>liq<span class=\"_ _2\"></span>ui<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> e<span class=\"_ _11\"></span>qu<span class=\"_ _2\"></span>ival<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nti54<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _df\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,0<span class=\"_ _b8\"> </span>(58<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>)La posizione fin<span class=\"_ _1\"></span>anziaria netta co<span class=\"_ _1\"></span>nsolidata al <span class=\"_ _1\"></span>31 dicembre 2022, confro<span class=\"_ _1\"></span>ntata con i v<span class=\"_ _1\"></span>alori di bilanci<span class=\"_ _1\"></span>o consolidato al <span class=\"_ _1\"></span>31 dicembre <span class=\"_ _1\"></span>2021, \u00e8 riepilogata nel<span class=\"_ _1\"></span>la seguente t<span class=\"_ _1\"></span>abella: Pos<span class=\"_ _e\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a ne<span class=\"_ _e\"></span>tta<span class=\"_ _1\"></span> (m<span class=\"_ _1\"></span>ili<span class=\"_ _2\"></span>o<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>i Eur<span class=\"_ _2\"></span>o)<span class=\"_ _2c\"> </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=\"_ _22f\"> </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>1<span class=\"_ _1a4\"> </span>V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ioniCas<span class=\"_ _3\"></span>sa<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ti<span class=\"_ _245\"> </span>5<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1f4\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>0<span class=\"_ _111\"> </span>(58<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>7)Al<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span> brev<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>term<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ne<span class=\"_ _f4\"> </span>1,<span class=\"_ _2\"></span>0<span class=\"_ _176\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _40\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8Atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> (P<span class=\"_ _e\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0) fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> per stru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ati<span class=\"_ _29\"> </span>0<span class=\"_ _2\"></span>,9<span class=\"_ _21\"> </span>(0,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _244\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2De<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> a <span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>reve te<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _246\"> </span>(3<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _243\"> </span>(3<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _244\"> </span>4,<span class=\"_ _2\"></span>6Pos<span class=\"_ _e\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a ne<span class=\"_ _e\"></span>tta<span class=\"_ _1\"></span> (Ind<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>bita<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> 2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,3<span class=\"_ _1f\"> </span>7<span class=\"_ _3\"></span>6<span class=\"_ _e\"></span>,5<span class=\"_ _b8\"> </span>(5<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)ne<span class=\"_ _e\"></span>tto) <span class=\"_ _3\"></span>a b<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>te<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>min<span class=\"_ _2\"></span>eDe<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> a <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>o l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>o term<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _112\"> </span>(4<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _e7\"> </span>(3<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _24\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4)Atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> (P<span class=\"_ _e\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0) fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e no<span class=\"_ _2\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> per stru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> 0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _176\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _40\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3d<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>tiPos<span class=\"_ _e\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a ne<span class=\"_ _e\"></span>tta<span class=\"_ _1\"></span> (Ind<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>bita<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> (3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _b8\"> </span>(3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _e\"></span>)<span class=\"_ _1c5\"> </span>(0,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)ne<span class=\"_ _e\"></span>tto) <span class=\"_ _3\"></span>a m<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>dio lun<span class=\"_ _2\"></span>g<span class=\"_ _3\"></span>o<span class=\"_ _e\"></span> te<span class=\"_ _e\"></span>rm<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>ePos<span class=\"_ _e\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a ne<span class=\"_ _e\"></span>tta<span class=\"_ _1\"></span> (Ind<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>bita<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> (1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2<span class=\"_ _3\"></span>)<span class=\"_ _1f\"> </span>37<span class=\"_ _e\"></span>,0<span class=\"_ _b8\"> </span>(5<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)ne<span class=\"_ _e\"></span>tto)P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>tratti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>(ex IFRS<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _17f\"> </span>(16<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _164\"> </span>(18<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _8e\"> </span><span class=\"ff21\">2<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4</span>Pos<span class=\"_ _e\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a ne<span class=\"_ _e\"></span>tta<span class=\"_ _1\"></span> (Ind<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>bita<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io<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=\"_ _7b\"> </span>(14<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,8<span class=\"_ _e\"></span>)<span class=\"_ _117\"> </span>(2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)ne<span class=\"_ _e\"></span>tto) <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>pl<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>ivoL\u2019indebitamento <span class=\"_ _e\"></span>finanz<span class=\"ff1f\">iari<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>netto <span class=\"_ _11\"></span>consolidato <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _11\"></span>dicembre <span class=\"_ _e\"></span>2022 <span class=\"_ _e\"></span>risulta <span class=\"_ _11\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _11\"></span>15,2 <span class=\"_ _e\"></span>milioni <span class=\"_ _3\"></span>con <span class=\"_ _11\"></span>una </span>variazione di <span class=\"_ _3\"></span>Euro 52,2 milioni <span class=\"_ _3\"></span>rispetto <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>fine 2021 <span class=\"_ _2\"></span>(al<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicembre 2021 il <span class=\"_ _3\"></span>Gruppo presentava una <span class=\"_ _3\"></span>posizione finanziaria netta po<span class=\"_ _1\"></span>sitiva per Euro 37 <span class=\"_ _1\"></span>milioni).  Al<span class=\"ls0\"> <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019indebitam<span class=\"_ _1\"></span>ento finanziario netto <span class=\"ff1f\">di <span class=\"ls30\">RCS</span> \u00e8 <span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> E<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span> 31,6 milioni <span class=\"_ _2\"></span>(al 31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2021 </span></span></span>RCS<span class=\"ls0\"> <span class=\"_ _2\"></span>pr<span class=\"_ _3\"></span>esentava <span class=\"_ _1\"></span>una pos<span class=\"_ _1\"></span>izione finanzi<span class=\"_ _1\"></span>aria netta posi<span class=\"_ _1\"></span>tiva per Euro <span class=\"ls6\">16</span>,7 milioni).  </span>La <span class=\"_ _aa\"> </span>posizione <span class=\"_ _aa\"> </span>finanziaria<span class=\"_ _1\"></span> <span class=\"_ _aa\"> </span>netta <span class=\"_ _aa\"> </span>complessiva <span class=\"_ _aa\"> </span>\u00e8 <span class=\"_ _aa\"> </span>stata <span class=\"_ _aa\"> </span>impattata <span class=\"_ _aa\"> </span>negativamente <span class=\"_ _aa\"> </span>dagli <span class=\"_ _aa\"> </span>investimenti <span class=\"_ _aa\"> </span>in immobilizzaz<span class=\"_ _1\"></span>ioni, <span class=\"_ _11\"></span>tra <span class=\"_ _e\"></span>cui <span class=\"_ _11\"></span>l\u2019acquisto <span class=\"_ _11\"></span>dell\u2019immobile <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>vi<span class=\"_ _3\"></span>a <span class=\"_ _11\"></span>Solferino <span class=\"_ _e\"></span>per <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>59,9 <span class=\"_ _11\"></span>milioni, <span class=\"_ _6\"></span><span class=\"ff1f\">dagli <span class=\"_ _e\"></span>effetti <span class=\"_ _11\"></span>netti </span>delle distribuzioni<span class=\"_ _1\"></span> di dividendi pe<span class=\"_ _1\"></span>r Euro 36,3 milion<span class=\"_ _1\"></span>i e dagli oneri non <span class=\"_ _1\"></span>ricorrenti. L\u2019indebitamento<span class=\"ff1f\"> <span class=\"_ _212\"></span>finanziario <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>complessivo, <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>comprende <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _0\"></span>passivit\u00e0 <span class=\"_ _0\"></span>finanziarie <span class=\"_ _2\"></span>relative <span class=\"_ _2\"></span>a cont<span class=\"_ _1\"></span>ratti </span></span></span>di <span class=\"_ _3\"></span>locazione <span class=\"_ _3\"></span>iscritti in <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>ex <span class=\"_ _3\"></span>IFRS <span class=\"_ _3\"></span>16 <span class=\"_ _e\"></span>(pr<span class=\"_ _1\"></span>incipalmente locazioni <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>immobili) pari <span class=\"_ _e\"></span>a <span class=\"_ _3\"></span>Euro 1<span class=\"_ _3\"></span>62,4 <span class=\"_ _3\"></span>milioni, ammonta a Euro 177,6 milioni con una variaz<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>one negativa di Euro 29,8 milioni rispetto al 31 dice<span class=\"_ _1\"></span>mbre 2021 (Euro 147,8 milioni<span class=\"_ _1\"></span>) Di <span class=\"_ _a\"> </span>seguito <span class=\"_ _a\"> </span>si <span class=\"_ _a\"> </span>espone <span class=\"_ _7\"></span>il <span class=\"_ _a\"> </span>dettaglio <span class=\"_ _a\"> </span>della <span class=\"_ _a\"> </span>Posizione <span class=\"_ _a\"></span>F<span class=\"_ _1\"></span>inanziaria <span class=\"_ _a\"></span>Ne<span class=\"_ _1\"></span>tta <span class=\"_ _a\"> </span>Complessiv<span class=\"_ _2\"></span>a <span class=\"_ _12\"> </span>cos\u00ec <span class=\"_ _7\"></span>come <span class=\"_ _a\"> </span>definita <span class=\"_ _a\"> </span>dagli \u201cOrientamenti <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>materia <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>obblighi <span class=\"_ _e\"></span>info<span class=\"_ _1\"></span>rmativi <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>nsi <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>regolamento <span class=\"_ _3\"></span>sul <span class=\"_ _e\"></span>pros<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tto<span class=\"_ _1\"></span>\u201d<span class=\"ff1f\"> pu<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"ls6\">da</span> ES<span class=\"_ _1\"></span>MA<span class=\"_ _2\"></span> </span>in<span class=\"ls0\"> <span class=\"_ _2\"></span>da<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>4<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>marzo<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls6\">2021<span class=\"ls0\"> <span class=\"_ _2\"></span>con<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nto<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ff22\">\u201cES<span class=\"_ _1\"></span>MA<span class=\"_ _1\"></span>32<span class=\"_ _1\"></span><span class=\"ff1f\">-<span class=\"ls6\">382</span>-<span class=\"_ _2\"></span><span class=\"ff22\">1138\u201d<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ff1f\">e <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ipreso <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>CONSOB <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>5/21 <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span><span class=\"ls6\">29<span class=\"ls0\"> <span class=\"_ _2\"></span>aprile <span class=\"_ _2\"></span>2021. </span></span></span></span></span></span></span></span></span></span></span>Tale vo<span class=\"_ _1\"></span>ce <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> passivi<span class=\"_ _1\"></span>t\u00e0 finan<span class=\"_ _1\"></span>ziarie relative a co<span class=\"_ _1\"></span>ntratti di locaz<span class=\"_ _1\"></span>ione a breve e/<span class=\"_ _1\"></span>o a lungo termine e <span class=\"_ _1\"></span>i debiti </span></span>non <span class=\"_ _12\"> </span>remunerati, <span class=\"_\"> </span>c<span class=\"_ _1\"></span>he <span class=\"_\"> </span>pr<span class=\"_ _1\"></span>esentano <span class=\"_ _12\"> </span>una <span class=\"_ _a\"> </span>significativa <span class=\"_ _a\"> </span>componente <span class=\"_ _a\"> </span>di <span class=\"_ _12\"> </span>finanziamen<span class=\"_ _1\"></span>to <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>mplicito <span class=\"_ _a\"> </span>o <span class=\"_ _12\"> </span>esplicito <span class=\"_ _a\"> </span>(ad esempio i debiti <span class=\"_ _1\"></span>verso forni<span class=\"_ _1\"></span>tori con una scad<span class=\"_ _1\"></span>enza super<span class=\"_ _1\"></span>iore a 12 mesi), ed eventua<span class=\"_ _1\"></span>li altri pres<span class=\"_ _1\"></span>titi inf<span class=\"_ _2\"></span>rutti<span class=\"_ _1\"></span>fer<span class=\"_ _2\"></span>i. Ind<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>bita<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>ne<span class=\"_ _e\"></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=\"_ _1a4\"> </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>1<span class=\"_ _21b\"> </span>V<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ni(m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro)A  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>de<span class=\"_ _247\"> </span>5<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,3<span class=\"_ _1a6\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,0<span class=\"_ _172\"> </span>(5<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>)B   <span class=\"_ _3\"></span> Mezz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> equ<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>de<span class=\"_ _10f\"> </span><span class=\"fc0\">-<span class=\"_ _124\"> </span></span>-<span class=\"_ _124\"> </span><span class=\"fc0\">-</span>C   <span class=\"_ _3\"></span> A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _246\"> </span>1,<span class=\"_ _2\"></span>9<span class=\"_ _dc\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _dc\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6D  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Liq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>(A+<span class=\"_ _3\"></span>B<span class=\"_ _e\"></span>+C<span class=\"_ _3\"></span>)<span class=\"_ _5b\"> </span>56<span class=\"_ _3\"></span>,2<span class=\"_ _28\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _17e\"> </span>(5<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1<span class=\"_ _3\"></span>)E   <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>De<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>e<span class=\"_ _248\"> </span>(3<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>)<span class=\"_ _21\"> </span>(42<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _dc\"> </span>6,<span class=\"_ _2\"></span>5d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i Pa<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 <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 pe<span class=\"_ _3\"></span>r <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<span class=\"_ _1\"></span> d<span class=\"_ _3\"></span>i lo<span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>z<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _c0\"> </span>(2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _1f4\"> </span>(2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,9<span class=\"_ _3\"></span>)<span class=\"_ _26\"> </span>1,<span class=\"_ _3\"></span>1F    <span class=\"_ _3\"></span> P<span class=\"_ _e\"></span>arte <span class=\"_ _3\"></span>corren<span class=\"_ _1\"></span>te del<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>no<span class=\"_ _2\"></span>n corren<span class=\"_ _2\"></span>te<span class=\"_ _239\"> </span>(2<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>)<span class=\"_ _21\"> </span>(24<span class=\"_ _2\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _244\"> </span>(0,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)G<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> I<span class=\"_ _3\"></span>nd<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>bi<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>io <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nte<span class=\"_ _e\"></span> (E+<span class=\"_ _3\"></span>F)<span class=\"_ _23f\"> </span>(6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _1f4\"> </span>(6<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>)<span class=\"_ _26\"> </span>6<span class=\"_ _3\"></span>,1H <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> Inde<span class=\"_ _e\"></span>b<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nto (dis<span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>ni<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _2\"></span>) <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>nte<span class=\"_ _3\"></span> (4<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)<span class=\"_ _40\"> </span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _1f4\"> </span>(5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)ne<span class=\"_ _e\"></span>tto <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>- D<span class=\"_ _3\"></span>)I  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Debi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> no<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>e<span class=\"_ _249\"> </span>(1<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>2)<span class=\"_ _b7\"> </span>(1<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>4)<span class=\"_ _1da\"> </span>2<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>2d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i Pa<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rr<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>r c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>tti di <span class=\"_ _3\"></span>loc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _1ad\"> </span>(13<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _b0\"> </span>(1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>)<span class=\"_ _40\"> </span>2<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,3J  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> Stru<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deb<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1b1\"> </span><span class=\"fc0\">-<span class=\"_ _124\"> </span></span>-<span class=\"_ _124\"> </span><span class=\"fc0\">-</span>K  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> D<span class=\"_ _3\"></span>ebi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rci<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>bi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _57\"> </span>-<span class=\"_ _124\"> </span><span class=\"fc0\">-</span>L   <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Inde<span class=\"_ _e\"></span>b<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> non c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>nte<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(I+<span class=\"_ _3\"></span>J<span class=\"_ _3\"></span>+<span class=\"_ _3\"></span>K<span class=\"_ _3\"></span>)<span class=\"_ _58\"> </span>(1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,2<span class=\"_ _3\"></span>)<span class=\"_ _b3\"> </span>(1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,4<span class=\"_ _3\"></span>)<span class=\"_ _40\"> </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>ta<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> ind<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>bita<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>(di<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>ponib<span class=\"_ _2\"></span>ilit\u00e0<span class=\"_ _2\"></span>) f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io<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=\"_ _b0\"> </span>(1<span class=\"_ _3\"></span>4<span class=\"_ _e\"></span>7,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _1f4\"> </span>(29<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(H+<span class=\"_ _3\"></span>L)Le passivit\u00e0 finan<span class=\"_ _1\"></span>ziarie del G<span class=\"_ _1\"></span>ruppo sono commentate<span class=\"_ _1\"></span> nella successiva N<span class=\"_ _1\"></span>ota <span class=\"ls1\">29.</span> 28. P<span class=\"_ _2\"></span>atrimo<span class=\"_ _2\"></span>nio n<span class=\"_ _1\"></span>ett<span class=\"_ _2\"></span>o Il<span class=\"ls0\"> <span class=\"_ _2\"></span>patrimonio <span class=\"_ _0\"></span>netto <span class=\"_ _2\"></span>con<span class=\"_ _1\"></span>solidato <span class=\"_ _0\"></span>del <span class=\"_ _2\"></span>Gruppo <span class=\"_ _0\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>31 <span class=\"_ _0\"></span>dicembre <span class=\"_ _2\"></span>2022 <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _2\"></span>par<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>Euro <span class=\"_ _2\"></span>525 <span class=\"_ _0\"></span>milioni, <span class=\"_ _2\"></span>inclusivo <span class=\"_ _2\"></span>del <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>isultato </span></span></span>dell\u2019esercizio. <span class=\"_ _7\"></span><span class=\"ls47\">Le</span> <span class=\"_ _a\"></span>va<span class=\"_ _1\"></span>riazioni <span class=\"_ _7\"></span>nei <span class=\"_ _7\"></span>conti <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>patrimonio <span class=\"_ _6\"></span>netto <span class=\"_ _a\"></span>sono <span class=\"_ _6\"></span>esposte <span class=\"_ _12\"> </span>ne<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>Pro<span class=\"_ _2\"></span>spe<span class=\"_ _3\"></span>tto <span class=\"_ _a\"> </span>delle <span class=\"_ _12\"> </span>variaz<span class=\"_ _1\"></span>ioni <span class=\"_ _a\"> </span>del patrimonio netto<span class=\"_ _1\"></span> consolidat<span class=\"_ _1\"></span>o. Il <span class=\"_ _11\"></span>prospetto <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>raccordo <span class=\"_ _11\"></span>tra <span class=\"_ _11\"></span>il <span class=\"_ _6\"></span>patrimonio<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>netto <span class=\"_ _11\"></span>ed <span class=\"_ _6\"></span>il <span class=\"_ _11\"></span>risultato <span class=\"_ _11\"></span>della <span class=\"_ _11\"></span>Capogruppo <span class=\"_ _11\"></span>ed <span class=\"_ _11\"></span>il <span class=\"_ _11\"></span>patrimonio <span class=\"_ _11\"></span>netto <span class=\"_ _11\"></span>ed <span class=\"_ _7\"></span><span class=\"ls16\">il </span>risultato del Grupp<span class=\"_ _1\"></span>o \u00e8 esposto n<span class=\"_ _1\"></span>ella Relazion<span class=\"_ _1\"></span>e degli a<span class=\"_ _1\"></span>mministratori s<span class=\"_ _1\"></span>ulla gestion<span class=\"_ _1\"></span>e.<span class=\"_ _3\"></span> L\u2019Assemblea degli Azionisti di Cairo <span class=\"_ _3\"></span>Communicat<span class=\"_ _1\"></span>ion del 3 <span class=\"_ _3\"></span>maggio 2022 ha <span class=\"_ _3\"></span>deliberato la distribuzione di 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 ritenute <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>egge, con <span class=\"_ _3\"></span>data stacco ce<span class=\"_ _3\"></span>dola il <span class=\"_ _3\"></span>23 m<span class=\"_ _3\"></span>aggio 2022, per complessivi Eu<span class=\"_ _1\"></span>ro 24,2 <span class=\"_ _1\"></span>milioni. Il capitale sociale della Cairo Communication S.p.A., interament<span class=\"_ _1\"></span>e sottoscritto e versato, \u00e8 pari<span class=\"_ _3\"></span> <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>dicembre<span class=\"_ _1\"></span> </span></span>2022 <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>Euro <span class=\"_ _2\"></span>7 <span class=\"_ _2\"></span>milioni <span class=\"_ _0\"></span><span class=\"ls3\">ed<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _0\"></span>costituito <span class=\"_ _2\"></span><span class=\"ls6\">da<span class=\"ls0\"> <span class=\"_ _2\"></span>n. <span class=\"_ _2\"></span>134.416.598 <span class=\"_ _0\"></span>azioni <span class=\"_ _2\"></span>ordinar<span class=\"_ _1\"></span>ie, sen<span class=\"_ _1\"></span>za <span class=\"_ _1\"></span>indicazione<span class=\"_ _1\"></span> de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re nominal<span class=\"_ _1\"></span>e. </span></span></span></span>Ai<span class=\"ls0\"> <span class=\"_ _f\"> </span>sensi <span class=\"_ _f\"> </span>dello <span class=\"_ _16\"> </span>Statuto <span class=\"_ _f\"> </span><span class=\"ls16\">le</span> <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>nominative,<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>indivisibili <span class=\"_ _16\"> </span>e <span class=\"_ _f\"> </span>liberamente <span class=\"_ _16\"> </span>trasferibili. <span class=\"_ _e\"></span>Sono <span class=\"_ _16\"> </span>salve <span class=\"_ _f\"> </span><span class=\"ls16\">le<span class=\"_ _3\"></span></span> </span>disposizioni <span class=\"_ _e\"></span><span class=\"ls2\">in</span> <span class=\"_ _11\"></span>materia <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>rappresentazion<span class=\"_ _1\"></span>e, <span class=\"_ _11\"></span>legittimazione, <span class=\"_ _11\"></span>circolazione <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>lla <span class=\"_ _2\"></span>partecipazi<span class=\"_ _1\"></span>one <span class=\"_ _2\"></span>sociale <span class=\"_ _2\"></span>prev<span class=\"_ _1\"></span>iste per <span class=\"_ _11\"></span>i <span class=\"_ _11\"></span>titoli <span class=\"_ _11\"></span>negoziati <span class=\"_ _11\"></span>nei <span class=\"_ _e\"></span>mercati <span class=\"_ _11\"></span>regolamentati. <span class=\"_ _e\"></span>Ogni <span class=\"_ _e\"></span>az<span class=\"_ _3\"></span>ione <span class=\"_ _11\"></span>attribuisce <span class=\"_ _e\"></span>il <span class=\"_ _11\"></span>diritto <span class=\"_ _e\"></span>ad <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>parte <span class=\"_ _11\"></span>proporzionale 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>ri<span class=\"_ _3\"></span>sultante dalla <span class=\"_ _3\"></span>liquidazione <span class=\"_ _3\"></span><span class=\"ls4\">ed</span> <span class=\"ls2\">il</span> <span class=\"_ _3\"></span>diritto di <span class=\"_ _2\"></span>voto, <span class=\"_ _1\"></span>sen<span class=\"_ _2\"></span>za <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>imitazioni <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>iverse <span class=\"_ _2\"></span>da <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>uelle <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>legge. <span class=\"_ _0\"></span>Non <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>stati <span class=\"_ _2\"></span>eme<span class=\"_ _1\"></span>ssi <span class=\"_ _2\"></span>titoli <span class=\"_ _2\"></span>che<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>conferiscono <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ritti <span class=\"_ _2\"></span>special<span class=\"_ _1\"></span>i di <span class=\"_ _e\"></span>controllo. <span class=\"_ _11\"></span>Non <span class=\"_ _e\"></span>sono <span class=\"_ _11\"></span>stati <span class=\"_ _e\"></span>emessi <span class=\"_ _11\"></span>strumenti <span class=\"_ _e\"></span>finanziari <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>attribuiscano <span class=\"_ _e\"></span>il <span class=\"_ _11\"></span>diritto <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>sottoscrivere <span class=\"_ _e\"></span>azioni <span class=\"_ _e\"></span>di nuova <span class=\"_ _3\"></span>emissione. <span class=\"_ _e\"></span>Non <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>previsti <span class=\"_ _3\"></span>piani <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>incentiv<span class=\"_ _1\"></span>azione <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>azionaria <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>comportino <span class=\"_ _e\"></span>aumen<span class=\"_ _1\"></span>ti, <span class=\"_ _e\"></span>anche<span class=\"_ _1\"></span> gratuiti, del cap<span class=\"_ _1\"></span>itale sociale<span class=\"_ _1\"></span>. La<span class=\"ls0\"> se<span class=\"_ _1\"></span>guente <span class=\"_ _2\"></span>tabella <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ostra <span class=\"_ _1\"></span><span class=\"ls16\">la<span class=\"ls0\"> r<span class=\"_ _1\"></span>iconciliazione<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>ra <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"_ _3\"></span><span class=\"ls0\"> n<span class=\"_ _1\"></span>umero <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>azioni <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>circolazio<span class=\"_ _1\"></span>ne <span class=\"ls3\">al</span> <span class=\"_ _2\"></span>31 dicembre <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>2 <span class=\"_ _1\"></span>e il </span></span></span></span></span></span></span>numero delle azion<span class=\"_ _1\"></span>i in circolaz<span class=\"_ _1\"></span>ione al 31 dice<span class=\"_ _1\"></span>mbre 2021: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _72\"> </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>1Aum<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nto C<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>le<span class=\"_ _e\"></span> Acqu<span class=\"_ _1\"></span>is<span class=\"_ _3\"></span>to<span class=\"_ _3\"></span>/ Ce<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ione<span class=\"_ _e\"></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=\"_ _1\"></span>lea<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ioni pr<span class=\"_ _2\"></span>opr<span class=\"_ _2\"></span>ieAz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> o<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>nari<span class=\"_ _2\"></span>e emesse<span class=\"_ _c0\"> </span>1<span class=\"_ _2\"></span>34<span class=\"_ _2\"></span>.41<span class=\"_ _2\"></span>6.5<span class=\"_ _2\"></span>98<span class=\"_ _58\"> </span>-<span class=\"_ _e6\"> </span>-<span class=\"_ _1a4\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>6.5<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>8Az<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>pri<span class=\"_ _0\"></span>e<span class=\"_ _24a\"> </span>(7<span class=\"_ _2\"></span>79<span class=\"_ _2\"></span>)<span class=\"_ _13b\"> </span>-<span class=\"_ _e6\"> </span>-<span class=\"_ _24\"> </span>(77<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>)Az<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _1\"></span> o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>din<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> in cir<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>la<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ione<span class=\"_ _21b\"> </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>19<span class=\"_ _124\"> </span>-<span class=\"_ _e6\"> </span>-<span class=\"_ _20a\"> </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>19Nel <span class=\"_ _a\"> </span>corso <span class=\"_ _a\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>2022, <span class=\"_ _a\"> </span>nel<span class=\"_ _1\"></span>l\u2019ambito <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>p<span class=\"_ _1\"></span>rogrammi<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>acquisto <span class=\"_ _a\"></span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span>azioni <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>oprie, <span class=\"_ _7\"></span>non <span class=\"_ _12\"> </span>s<span class=\"_ _1\"></span>ono <span class=\"_ _a\"> </span>state <span class=\"_ _a\"></span>vend<span class=\"_ _1\"></span>ute <span class=\"_ _7\"></span><span class=\"ls6\">n\u00e9</span> acquistate azioni prop<span class=\"_ _1\"></span>rie. Alla data de<span class=\"_ _1\"></span>l 31 dicemb<span class=\"_ _1\"></span>re 2022 Cairo Commun<span class=\"_ _1\"></span>ication <span class=\"_ _3\"></span>possedeva <span class=\"_ _2\"></span>un <span class=\"_ _1\"></span>totale <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> n. <span class=\"_ _2\"></span>779 </span></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=\"ls16\">le</span> <span class=\"_ _3\"></span><span class=\"ff22\">quali <span class=\"_ _11\"></span>si <span class=\"_ _6\"></span>applica <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>disciplin<span class=\"_ _1\"></span>a <span class=\"_ _11\"></span>dell\u2019art. <span class=\"_ _11\"></span>2357<span class=\"ff1f\">-ter <span class=\"_ _6\"></span>del </span></span>codice civile. La<span class=\"ls0\"> <span class=\"_ _2\"></span>voce <span class=\"_ _2\"></span>U<span class=\"_ _1\"></span>tili <span class=\"_ _2\"></span>di <span class=\"_ _0\"></span>esercizi <span class=\"_ _2\"></span>preceden<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls4\">al<span class=\"ls2\">tre<span class=\"ls0\"> <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>iserve, <span class=\"_ _2\"></span>pari <span class=\"_ _0\"></span><span class=\"ls4\">ad<span class=\"ls0\"> <span class=\"_ _2\"></span>Euro <span class=\"_ _0\"></span>261,7 <span class=\"_ _2\"></span>milioni <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>31 <span class=\"_ _0\"></span>dicembre 2022, include<span class=\"_ _1\"></span>: </span></span></span></span></span></span></span></span></span></span><span class=\"ff1f fs7 fc0\">per Euro 262,3 mil<span class=\"_ _1\"></span>ioni, utili r<span class=\"_ _1\"></span>iportati a <span class=\"ls6\">nuovo;</span> </span><span class=\"ff1f fs7 fc0\">per Euro 1,4 milioni, la r<span class=\"_ _1\"></span>iserva leg<span class=\"_ _2\"></span>ale;<span class=\"_ _2\"></span> </span><span class=\"ff1f fs7 fc0\">per <span class=\"_ _e\"></span>negativi <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>1 <span class=\"_ _e\"></span>milione <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>riserva <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>valu<span class=\"_ _1\"></span>tazione <span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>Euro <span class=\"_ _e\"></span>3,7 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>1) <span class=\"_ _3\"></span>ed <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>costituita </span>dal<span class=\"ls2\">la</span> <span class=\"_ _2\"></span>riserva <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> conv<span class=\"_ _2\"></span>ersi<span class=\"_ _3\"></span>one <span class=\"_ _2\"></span>utilizzata <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>registrare <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>differenze <span class=\"_ _2\"></span>cambio <span class=\"_ _2\"></span>nonch\u00e9 <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>rilevazione<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>utili e <span class=\"_ _2\"></span>perdite </span></span></span></span>attuariali nell\u2019amb<span class=\"_ _1\"></span>ito del processo di attualizza<span class=\"_ _1\"></span>zione del tratta<span class=\"_ _1\"></span>mento di fine rapporto<span class=\"ff1f\"> nonch\u00e9 il relativo effetto<span class=\"_ _1\"></span> </span>fiscale. <span class=\"ff1f fs7 fc0\">per <span class=\"_ _a\"></span>po<span class=\"_ _1\"></span>sitivi <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>0,8 <span class=\"_ _7\"></span>milioni, <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>riserva <span class=\"_ _a\"></span><span class=\"ff24\">c<span class=\"_ _1\"></span>ash <span class=\"_ _7\"></span>flow <span class=\"_ _7\"></span>hedge <span class=\"_ _7\"></span><span class=\"ff1f\">che <span class=\"_ _7\"></span>comprende <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>effetti <span class=\"_ _7\"></span>rilevati <span class=\"_ _7\"></span>direttamente <span class=\"_ _6\"></span>a </span></span></span>patrimonio net<span class=\"_ _1\"></span>to come de<span class=\"_ _2\"></span>sunti dalla valutazione<span class=\"_ _1\"></span> <span class=\"ls4\">a </span><span class=\"ff24\">fair <span class=\"_ _1\"></span>value <span class=\"ff1f\">de<span class=\"_ _1\"></span>gli strum<span class=\"_ _1\"></span>enti finanz<span class=\"_ _1\"></span>iari derivat<span class=\"_ _1\"></span>i a copertura<span class=\"_ _1\"></span> dei </span></span>flussi per varia<span class=\"_ _1\"></span>zioni di tasso, nonch<span class=\"_ _1\"></span>\u00e9 il relat<span class=\"_ _1\"></span>ivo effetto fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>; per <span class=\"_ _5\"> </span>nega<span class=\"_ _1\"></span>tivi <span class=\"_ _4\"> </span>Euro <span class=\"_ _f\"> </span>1,8 <span class=\"_ _4\"> </span>mili<span class=\"_ _3\"></span>oni, <span class=\"_ _f\"> </span>l<span class=\"_ _3\"></span>a <span class=\"_ _4\"> </span>riserva <span class=\"_ _f\"> </span>da <span class=\"_ _5\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _4\"> </span>valutate <span class=\"_ _f\"> </span>al<span class=\"_ _3\"></span> <span class=\"_ _5\"> </span>fair <span class=\"_ _4\"> </span>value <span class=\"_ _4\"> </span>through <span class=\"_ _4\"> </span>othe<span class=\"_ _1\"></span>r comprehensive <span class=\"_ _2\"></span>income<span class=\"ff1f\">. <span class=\"ff22\">Co<span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>prende <span class=\"_ _1\"></span>gli <span class=\"_ _2\"></span>effetti de<span class=\"_ _1\"></span>rivanti <span class=\"_ _2\"></span>dalla valutazio<span class=\"_ _1\"></span>ne <span class=\"_ _1\"></span>degli <span class=\"_ _2\"></span>\u201cAltri s<span class=\"_ _1\"></span>trumenti <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>capitale no<span class=\"_ _1\"></span>n </span></span>correnti\u201d. 29. De<span class=\"_ _2\"></span>biti<span class=\"_ _1\"></span> e <span class=\"_ _1\"></span>pas<span class=\"_ _2\"></span>sivit<span class=\"_ _2\"></span>\u00e0 finan<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ar<span class=\"_ _2\"></span>ie non<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>orr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti L<span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>oc<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>\u201cd<span class=\"_ _2\"></span>ebi<span class=\"_ _2\"></span>ti <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>ss<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>it<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>na<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>ie<span class=\"_ _2\"></span> n<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>orr<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span>\u201d <span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span> <span class=\"ff1f ls1\">40<span class=\"ls0\"> <span class=\"_ _2\"></span>mil<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>(E<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span> 3<span class=\"_ _2\"></span><span class=\"ls1\">9,<span class=\"ls0\">6 <span class=\"_ _2\"></span>mil<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>31<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di<span class=\"_ _1\"></span>ce<span class=\"_ _2\"></span>mb<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span> 2<span class=\"_ _2\"></span>02<span class=\"_ _2\"></span>1<span class=\"ls69\">) </span></span></span></span></span>in<span class=\"_ _2\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span> n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>dei<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zia<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _1\"></span> b<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>car<span class=\"_ _2\"></span>i.<span class=\"_ _1\"></span>  Di seguito sono descritti i principali finanz<span class=\"_ _1\"></span>iamenti ban<span class=\"_ _2\"></span>cari:<span class=\"_ _2\"></span> Ind<span class=\"_ _1\"></span>ebi<span class=\"_ _2\"></span>tamen<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzi<span class=\"_ _2\"></span>ario di<span class=\"_ _1\"></span> <span class=\"ls6a\">RCS</span> Il <span class=\"_ _1\"></span>Contratto d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> Fin<span class=\"_ _1\"></span>anziamen<span class=\"_ _1\"></span>to sot<span class=\"_ _1\"></span>toscritto <span class=\"_ _2\"></span>da RCS <span class=\"_ _1\"></span>nell\u2019agosto <span class=\"_ _2\"></span>2017 e <span class=\"_ _1\"></span>poi <span class=\"_ _2\"></span>rinegoziato il <span class=\"_ _1\"></span>10 <span class=\"_ _2\"></span>ottobre 2018 <span class=\"_ _2\"></span>non ha<span class=\"_ _1\"></span> subito modifiche <span class=\"_ _1\"></span>nel corso del 20<span class=\"_ _1\"></span>22. I principali termini e cond<span class=\"_ _1\"></span>izioni del finanz<span class=\"_ _1\"></span>iamento sono, in<span class=\"_ _1\"></span>ter alia, i segu<span class=\"_ _2\"></span>enti:<span class=\"_ _2\"></span> a)<span class=\"ff27 ls0\"> <span class=\"_\"> </span><span class=\"ff1f fs7 fc0\">scadenza al 31 dice<span class=\"_ _1\"></span>mbre 20<span class=\"_ _2\"></span>23; </span></span>b) <span class=\"_ _12\"> </span><span class=\"ff1f fs7 fc0 ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>suddivisione del <span class=\"_ _1\"></span>finanzia<span class=\"_ _1\"></span>mento <span class=\"ls2\">in</span> <span class=\"_ _2\"></span>una linea <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> cred<span class=\"_ _1\"></span>ito <span class=\"ff24\">term <span class=\"_ _2\"></span>amortising <span class=\"ff1f\">(al <span class=\"_ _2\"></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 linea <span class=\"_ _3\"></span>di credito <span class=\"_ _3\"></span><span class=\"ff24\">revolving <span class=\"ff22\">dell\u2019importo </span></span>originario di <span class=\"_ _3\"></span>Euro 125 milioni che si \u00e8 ridotta a E<span class=\"_ _1\"></span>uro 60 milioni<span class=\"_ _1\"></span> il 31 dicemb<span class=\"_ _1\"></span>re 2022 (non utilizzata a<span class=\"_ _1\"></span>l 31 dicembr<span class=\"_ _1\"></span>e 2022<span class=\"ls5\">);</span> c) <span class=\"_ _16\"> </span><span class=\"ff1f fs7 fc0\">un tasso di interess<span class=\"_ _1\"></span>e annuo <span class=\"_ _1\"></span>pari alla som<span class=\"_ _1\"></span>ma di Euribor di rif<span class=\"_ _1\"></span>erimento e <span class=\"_ _1\"></span>un margine<span class=\"_ _1\"></span> variabile, a <span class=\"_ _1\"></span>seconda del<span class=\"_ _1\"></span> </span>Leverage Ratio<span class=\"ff1f\">;<span class=\"_ _1\"></span> </span>d) <span class=\"_ _a\"> </span>la <span class=\"_ _15\"> </span>previsione <span class=\"_ _5\"> </span>di <span class=\"_ _5\"> </span>un <span class=\"_ _15\"> </span>unico <span class=\"_ _5\"> </span><span class=\"ff24\">covenant <span class=\"_ _5\"> </span></span>rappresentato <span class=\"_ _5\"> </span>dal <span class=\"_ _15\"> </span><span class=\"ff24\">Leverage <span class=\"_ _5\"> </span>Ratio <span class=\"_ _15\"> </span></span>(i.e<span class=\"_ _1\"></span>. <span class=\"_ _5\"> </span>Posizione <span class=\"_ _15\"> </span>Finanzi<span class=\"_ _1\"></span>aria Netta/EBITDA<span class=\"_ _1\"></span>). <span class=\"_ _2\"></span>Tale <span class=\"_ _2\"></span>cov<span class=\"_ _1\"></span>enant, <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>partire <span class=\"_ _2\"></span>da<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span>2019, <span class=\"_ _0\"></span>non <span class=\"_ _2\"></span>deve <span class=\"_ _2\"></span>essere <span class=\"_ _0\"></span>superiore <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>3x <span class=\"_ _2\"></span>al 31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></span>di ciasc<span class=\"_ _1\"></span>un anno; e)<span class=\"ff27 ls0\"> <span class=\"_\"> </span><span class=\"ff1f fs7 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=\"_ _3\"></span>credito <span class=\"_ _e\"></span><span class=\"ff24\">term <span class=\"_ _3\"></span>amortising </span>che <span class=\"_ _e\"></span>prevede il <span class=\"_ _3\"></span>rimborso <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>rate <span class=\"_ _e\"></span>sem<span class=\"_ _1\"></span>estrali </span></span>di Euro 12,5 mil<span class=\"_ _1\"></span>ioni. Il <span class=\"_\"> </span>contratto <span class=\"_\"> </span>di <span class=\"_\"> </span>finanz<span class=\"_ _1\"></span>iamento <span class=\"_\"> </span>contiene <span class=\"_\"> </span>p<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>evisioni <span class=\"_\"> </span>re<span class=\"_ _1\"></span>lative <span class=\"_\"> </span>ad <span class=\"_\"> </span>eventi <span class=\"_\"> </span>di <span class=\"_\"> </span>r<span class=\"_ _1\"></span>imborso <span class=\"_\"> </span>a<span class=\"_ _3\"></span>nticipato <span class=\"_\"> </span>ob<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>ig<span class=\"_ _1\"></span>ato<span class=\"_ _2\"></span>rio,<span class=\"_ _2\"></span> dic<span class=\"_ _1\"></span>hia<span class=\"_ _1\"></span>ra<span class=\"_ _2\"></span>zioni<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>obbl<span class=\"_ _2\"></span>ighi,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>ven<span class=\"_ _2\"></span>ti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oc<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>sogli<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span><span class=\"ls1\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>mat<span class=\"_ _2\"></span>erial<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ple<span class=\"_ _2\"></span>ssiv<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>i\u00f9 <span class=\"_ _2\"></span>favorevoli <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>RCS <span class=\"_ _2\"></span>rispetto </span></span></span></span>al <span class=\"_ _6\"></span>precedente <span class=\"_ _11\"></span>contratto <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>finanziamento. <span class=\"_ _6\"></span>Tali <span class=\"_ _11\"></span>clausole <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>ap<span class=\"_ _2\"></span>pl<span class=\"_ _1\"></span>ic<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>o <span class=\"_ _e\"></span>- <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>ti<span class=\"_ _2\"></span>tol<span class=\"_ _2\"></span>o <span class=\"_ _e\"></span>e<span class=\"_ _2\"></span>se<span class=\"_ _1\"></span>mp<span class=\"_ _2\"></span>li<span class=\"_ _1\"></span>fi<span class=\"_ _2\"></span>ca<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span>vo<span class=\"_ _2\"></span> <span class=\"_ _11\"></span>-<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>al<span class=\"_ _2\"></span>le <span class=\"_ _e\"></span>p<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ev<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i re<span class=\"_ _2\"></span>lat<span class=\"_ _2\"></span>iv<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span> a ac<span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>i <span class=\"ls1\">di</span> te<span class=\"_ _2\"></span>so<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e fi<span class=\"_ _2\"></span>na<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>garan<span class=\"_ _2\"></span>zie <span class=\"_ _3\"></span>inf<span class=\"_ _1\"></span>rag<span class=\"_ _2\"></span>ruppo<span class=\"_ _2\"></span>, <span class=\"_ _3\"></span>acqui<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>izio<span class=\"_ _2\"></span>ni, <span class=\"ff24\">join<span class=\"_ _1\"></span>t ventu<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span><span class=\"ff1f\">, inves<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>imen<span class=\"_ _2\"></span>ti <span class=\"_ _3\"></span>e </span></span>rio<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span>zzazio<span class=\"_ _2\"></span>ni <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ti,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>assunzion<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ndebitamento <span class=\"_ _0\"></span>finanziario, <span class=\"_ _0\"></span>atti <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>dispo<span class=\"_ _1\"></span>sizione <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>riduzione <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>el <span class=\"_ _0\"></span>capitale. Nel <span class=\"_ _3\"></span>mese <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>ottobre <span class=\"_ _3\"></span>RCS <span class=\"_ _e\"></span>ha <span class=\"_ _3\"></span>stipulato <span class=\"_ _e\"></span>un <span class=\"_ _3\"></span>nuovo <span class=\"_ _e\"></span>contratto <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>finanziamento<span class=\"_ _1\"></span> <span class=\"_ _11\"></span><span class=\"ff24\">amortizing</span> <span class=\"_ _3\"></span>per <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>importo<span class=\"_ _1\"></span> <span class=\"_ _e\"></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 di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>30 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>ha scadenza <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _11\"></span>2027 <span class=\"_ _e\"></span>ed <span class=\"_ _11\"></span>ha <span class=\"_ _e\"></span>un <span class=\"_ _11\"></span>piano <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>ammortamento <span class=\"_ _e\"></span>semestrale <span class=\"_ _e\"></span>costante <span class=\"_ _11\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>Euro <span class=\"_ _e\"></span>4,3 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>a partire <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>31 <span class=\"_ _e\"></span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>2024. <span class=\"_ _3\"></span>Tal<span class=\"ff22\">e <span class=\"_ _e\"></span>finanziam<span class=\"_ _1\"></span>ento <span class=\"_ _3\"></span>prevede <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nteresse <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>mesi <span class=\"_ _a\"> </span>ed <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>margine <span class=\"_ _a\"> </span>variabile <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>s<span class=\"_ _1\"></span>econda <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>Leverage <span class=\"_ _12\"> </span>Ratio <span class=\"_ _a\"> </span>(Posizione <span class=\"_ _12\"> </span>Finanz<span class=\"_ _1\"></span>iaria <span class=\"_ _12\"> </span>Netta<span class=\"_ _1\"></span>/EBITDA<span class=\"_ _1\"></span>), verificato <span class=\"_ _3\"></span>annualment<span class=\"_ _1\"></span>e. <span class=\"_ _3\"></span>La Linea <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Credito <span class=\"_ _3\"></span>Revolving per <span class=\"_ _e\"></span>un 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<span class=\"_ _1\"></span> al <span class=\"_ _a\"> </span>31 <span class=\"_ _a\"></span>dice<span class=\"_ _1\"></span>mbre <span class=\"_ _a\"></span>2022<span class=\"_ _1\"></span>) <span class=\"_ _a\"> </span><span class=\"ff22\">ha <span class=\"_ _7\"> </span>scadenza <span class=\"_ _a\"> </span>il <span class=\"_ _a\"> </span>12 <span class=\"_ _7\"> </span>ottobre <span class=\"_ _a\"> </span>2026 <span class=\"_ _7\"> </span>e <span class=\"_ _a\"> </span>prevede <span class=\"_ _a\"> </span>un <span class=\"_ _a\"> </span>tasso <span class=\"_ _7\"> </span>di <span class=\"_ _a\"> </span>interesse <span class=\"_ _7\"> </span>pari <span class=\"_ _a\"> </span>all\u2019Euribor <span class=\"_ _7\"> </span>di </span>riferimento <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>margine <span class=\"_ _11\"></span>variabile <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>seconda <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Leverage <span class=\"_ _6\"></span>Ratio <span class=\"_ _11\"></span>(<span class=\"_ _3\"></span>Posizion<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>Finanziaria <span class=\"_ _6\"></span>Netta/EBI<span class=\"_ _1\"></span>TDA), verificato annua<span class=\"_ _1\"></span>lmente. Le due linee sopra descritte prevedono un unico covenant costitui<span class=\"_ _1\"></span>to da una soglia massima di Leverage Ratio<span class=\"_ _2\"></span> (PFN/EBITDA<span class=\"_ _1\"></span> ante IFRS 16 e an<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>e oneri/provent<span class=\"_ _1\"></span>i non ricorrenti)<span class=\"_ _1\"></span> pari a 3,00x. Fin<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>iamen<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> U<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>it Cairo <span class=\"_ _f\"> </span>Communication <span class=\"_ _16\"> </span>S.p.A. <span class=\"_ _16\"> </span>ha <span class=\"_ _4\"> </span>sottoscrit<span class=\"_ _1\"></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=\"_ _e\"></span>revolving <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>importo <span class=\"_ _e\"></span>complessivo <span class=\"_ _e\"></span>pari <span class=\"_ _11\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _11\"></span>10 <span class=\"_ _e\"></span>milioni. <span class=\"_ _e\"></span>Alla <span class=\"_ _11\"></span>data <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>31 <span class=\"_ _11\"></span>dicembre <span class=\"_ _e\"></span>202<span class=\"_ _3\"></span>2 <span class=\"_ _11\"></span>era utilizzato per 5 <span class=\"_ _1\"></span>milioni. Il finanziamen<span class=\"_ _1\"></span>to ha scadenza 31 lugl<span class=\"_ _1\"></span>io 2023 e prevede, inter al<span class=\"_ _2\"></span>ia: a)<span class=\"ff27 ls0\"> <span class=\"_\"> </span><span class=\"ff1f fs7 fc0\">alcune <span class=\"_ _e\"></span>previsio<span class=\"_ _1\"></span>ni <span class=\"_ _e\"></span>relative <span class=\"_ _e\"></span>ad <span class=\"_ _3\"></span>eve<span class=\"_ _3\"></span>nti <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>rimborso <span class=\"_ _e\"></span>anticipato <span class=\"_ _e\"></span>obbligatorio, <span class=\"_ _e\"></span>dichiaraz<span class=\"_ _1\"></span>ioni, <span class=\"_ _e\"></span>obblighi, <span class=\"_ _e\"></span>eventi <span class=\"_ _e\"></span>di </span></span>revoca e relative <span class=\"_ _1\"></span>soglie di ma<span class=\"_ _1\"></span>terialit\u00e0, b) <span class=\"_ _12\"> </span>covenant <span class=\"_ _f\"> </span>fi<span class=\"_ _3\"></span>nanzia<span class=\"_ _1\"></span>ri <span class=\"_ _4\"> </span>a <span class=\"_ _4\"> </span>livello <span class=\"_ _4\"> </span>bilancio <span class=\"_ _4\"> </span>consolidato <span class=\"_ _f\"> </span>di <span class=\"_ _4\"> </span>Gruppo <span class=\"_ _4\"> </span>un <span class=\"_ _5\"> </span><span class=\"ff24\">debt <span class=\"_ _4\"> </span>cover <span class=\"_ _4\"> </span></span>(posizione <span class=\"_ _4\"> </span>finanzia<span class=\"_ _1\"></span>ria netta/Ebitda) <span class=\"_ _2\"></span>minore o ugu<span class=\"_ _1\"></span>ale a<span class=\"_ _1\"></span> 2,5 <span class=\"_ _2\"></span>e <span class=\"ff24\">leverage </span>(<span class=\"_ _1\"></span>indebitamento <span class=\"_ _2\"></span>fi<span class=\"_ _3\"></span>nanziario <span class=\"_ _2\"></span>netto/patrimonio <span class=\"_ _1\"></span>netto) <span class=\"_ _2\"></span>mi<span class=\"_ _3\"></span>nore <span class=\"_ _1\"></span>o uguale a 1, c)<span class=\"ff27 ls0\"> <span class=\"_ _f\"> </span><span class=\"ff1f fs7 fc0 ls2\">il<span class=\"ls0\"> rimborso a<span class=\"_ _1\"></span>nticipato nel c<span class=\"_ _2\"></span>as<span class=\"_ _3\"></span>o di <span class=\"ff24\">change of con<span class=\"_ _1\"></span>trol <span class=\"ff1f\">della Cairo C<span class=\"_ _1\"></span>om<span class=\"_ _2\"></span>munica<span class=\"_ _2\"></span>tion<span class=\"_ _1\"></span>. </span></span></span></span></span>A copertura dell\u2019esposi<span class=\"_ _1\"></span>zione debitoria \u00e8 stato stipulato un <span class=\"ff24\">interest rate cap <span class=\"ff1f\">per un importo di euro <span class=\"_ _1\"></span>10 <span class=\"_ _1\"></span>milioni. </span></span>Per u<span class=\"_ _1\"></span>lteriori <span class=\"_ _2\"></span>commenti <span class=\"_ _1\"></span>sul <span class=\"_ _1\"></span>derivato <span class=\"_ _2\"></span><span class=\"ls33\">si<span class=\"ls0\"> rim<span class=\"_ _1\"></span>anda <span class=\"_ _2\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>suc<span class=\"_ _3\"></span>cessiva <span class=\"_ _2\"></span>Nota n.34. <span class=\"_ _1\"></span> </span></span>Cairo <span class=\"_ _e\"></span>Editore <span class=\"_ _e\"></span>S.p.A. <span class=\"_ _e\"></span>ha <span class=\"_ _e\"></span>sottoscritto <span class=\"_ _11\"></span>con <span class=\"_ _e\"></span>Unicredit, <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>3 <span class=\"_ _e\"></span>agosto <span class=\"_ _e\"></span>2021, <span class=\"_ _11\"></span>un <span class=\"_ _e\"></span>contratto <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>finanziamento <span class=\"_ _e\"></span>per l\u2019importo <span class=\"_ _7\"> </span>complessivo <span class=\"_ _a\"> </span>di <span class=\"_ _7\"> </span>Euro <span class=\"_ _a\"> </span>10 <span class=\"_ _7\"> </span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _a\"> </span>a<span class=\"_ _1\"></span>ssistito <span class=\"_ _7\"> </span>da <span class=\"_ _a\"> </span>garanzia <span class=\"_ _a\"> </span>rilasciata <span class=\"_ _a\"></span>da <span class=\"_ _7\"></span>BEI <span class=\"_ _7\"></span>(<span class=\"_ _3\"></span>Banca <span class=\"_ _a\"> </span>Europea <span class=\"_ _7\"></span>per <span class=\"_ _a\"></span>gli investimenti). Il <span class=\"_ _1\"></span>finanziamento ha <span class=\"_ _1\"></span>scadenza 31 a<span class=\"_ _1\"></span>gosto 2024 e p<span class=\"_ _1\"></span>revede, inter <span class=\"_ _1\"></span>alia: a)<span class=\"ff27 ls0\"> <span class=\"_\"> </span><span class=\"ff1f fs7 fc0\">alcune <span class=\"_ _e\"></span>previsio<span class=\"_ _1\"></span>ni <span class=\"_ _e\"></span>relative <span class=\"_ _e\"></span>ad <span class=\"_ _3\"></span>eve<span class=\"_ _3\"></span>nti <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>rimborso <span class=\"_ _e\"></span>anticipato <span class=\"_ _e\"></span>obbliga<span class=\"_ _1\"></span>torio, <span class=\"_ _e\"></span>dichiarazioni, <span class=\"_ _3\"></span>obblighi, <span class=\"_ _e\"></span>eventi <span class=\"_ _e\"></span>di </span></span>revoca e relative <span class=\"_ _1\"></span>soglie di materiali<span class=\"_ _1\"></span>t\u00e0, b) <span class=\"_ _12\"> </span>covenant <span class=\"_ _f\"> </span>fi<span class=\"_ _3\"></span>nanzia<span class=\"_ _1\"></span>ri <span class=\"_ _4\"> </span>a <span class=\"_ _4\"> </span>livello <span class=\"_ _4\"> </span>bilancio <span class=\"_ _4\"> </span>consolidato <span class=\"_ _f\"> </span>di <span class=\"_ _4\"> </span>Gruppo <span class=\"_ _4\"> </span>un <span class=\"_ _5\"> </span><span class=\"ff24\">debt <span class=\"_ _4\"> </span>cover <span class=\"_ _4\"> </span></span>(posizione <span class=\"_ _4\"> </span>finanzia<span class=\"_ _1\"></span>ria netta/Ebitda) <span class=\"_ _2\"></span>minore o ugu<span class=\"_ _1\"></span>ale a<span class=\"_ _1\"></span> 2,5 <span class=\"_ _2\"></span>e <span class=\"ff24\">leverage </span>(<span class=\"_ _1\"></span>indebitamento <span class=\"_ _2\"></span>finanziario netto<span class=\"_ _1\"></span>/patrimonio<span class=\"_ _1\"></span> netto<span class=\"_ _1\"></span>) min<span class=\"_ _1\"></span>ore o uguale a 1, c) <span class=\"_ _16\"> </span>un <span class=\"_ _a\"> </span>piano <span class=\"_ _a\"> </span>ammortamento <span class=\"_ _7\"></span>che <span class=\"_ _a\"> </span>prevede <span class=\"_ _a\"> </span><span class=\"ls16\">il</span> <span class=\"_ _a\"> </span>rimborso <span class=\"_ _a\"> </span><span class=\"ls2\">in</span> <span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>ate <span class=\"_ _a\"> </span>3 <span class=\"_ _a\"> </span><span class=\"ls6\">da</span> <span class=\"_ _a\"> </span>Euro <span class=\"_ _a\"> </span>3,3 <span class=\"_ _a\"> </span>milioni <span class=\"_ _a\"> </span>decorso <span class=\"_ _a\"></span>il <span class=\"_ _a\"> </span>periodo <span class=\"_ _a\"> </span>di ammortamento d<span class=\"_ _1\"></span>ella durata<span class=\"_ _1\"></span> della durata di 18 <span class=\"_ _1\"></span>mesi. d)<span class=\"ff27 ls0\"> <span class=\"_ _12\"> </span><span class=\"ff1f fs7 fc0 ls2\">il<span class=\"ls0\"> ri<span class=\"_ _1\"></span>mborso anticipat<span class=\"_ _1\"></span>o nel caso di <span class=\"ff24\">change o<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span> control <span class=\"ff1f\">della Ca<span class=\"_ _1\"></span>iro Com<span class=\"_ _2\"></span>munic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n.<span class=\"_ _2\"></span> </span></span></span></span></span>A copertura dell\u2019espos<span class=\"_ _1\"></span>izione debitoria<span class=\"_ _1\"></span> \u00e8 stato stipulato un <span class=\"ff24\">interest rate cap <span class=\"ff1f\">per un importo di euro 10<span class=\"_ _1\"></span> milioni<span class=\"_ _1\"></span>. </span></span>Per ulteriori<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>menti sul<span class=\"_ _1\"></span> derivat<span class=\"_ _1\"></span>o <span class=\"ls49\">si</span> rimanda<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>lla suc<span class=\"_ _2\"></span>ce<span class=\"_ _3\"></span>ssiva Nota <span class=\"_ _1\"></span>n.34. 30.<span class=\"_ _2\"></span> Pas<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> co<span class=\"_ _2\"></span>rrent<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span> non<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>orr<span class=\"_ _2\"></span>enti <span class=\"_ _1\"></span>per<span class=\"_ _2\"></span> cont<span class=\"_ _1\"></span>ratt<span class=\"_ _2\"></span>i di <span class=\"_ _2\"></span>locaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne In <span class=\"_ _2\"></span>queste <span class=\"_ _0\"></span>voci <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>classi<span class=\"_ _1\"></span>ficate, <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>me <span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>revisto <span class=\"_ _2\"></span>dal <span class=\"_ _0\"></span>principio <span class=\"_ _2\"></span>contabile <span class=\"_ _0\"></span>IFRS <span class=\"_ _2\"></span>16, <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _0\"></span>finanziarie <span class=\"_ _2\"></span>derivan<span class=\"_ _1\"></span>ti dai canoni di lo<span class=\"_ _1\"></span>cazione ancora d<span class=\"_ _1\"></span>a pagare. Rispetto <span class=\"_ _12\"> </span>all\u2019anno <span class=\"_ _12\"> </span>preceden<span class=\"_ _1\"></span>te <span class=\"_ _12\"> </span>la <span class=\"_\"> </span>p<span class=\"_ _2\"></span>as<span class=\"_ _3\"></span>sivit\u00e0 <span class=\"_ _12\"> </span>finanziaria <span class=\"_ _a\"> </span>\u00e8 <span class=\"_\"> </span>increment<span class=\"_ _1\"></span>ata <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>tenere <span class=\"_ _12\"> </span>conto <span class=\"_ _12\"> </span>degli <span class=\"_ _12\"> </span>interessi<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>che maturano, diminu<span class=\"_ _1\"></span>ita <span class=\"ls2\">in</span> co<span class=\"_ _1\"></span>rrelazione con i p<span class=\"_ _1\"></span>agamenti de<span class=\"_ _1\"></span>i canoni di locazi<span class=\"_ _1\"></span>one <span class=\"ff22\">e l\u2019acquisto dell\u2019immobile di via </span>Solferino e rettif<span class=\"_ _1\"></span>icata per tener c<span class=\"_ _1\"></span>onto di even<span class=\"_ _1\"></span>tuali ridetermina<span class=\"_ _1\"></span>zioni della p<span class=\"_ _1\"></span>assivit\u00e0 del <span class=\"_ _1\"></span>leasing. In particolare, a<span class=\"_ _1\"></span>l 31 dicembre <span class=\"ls6\">202</span>2:<span class=\"_ _2\"></span> <span class=\"ff1f fs7 fc0\">le <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _2\"></span>finanzi<span class=\"_ _1\"></span>arie <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>correnti <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>contratti <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>locazione <span class=\"_ _2\"></span>hanno <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>residuo <span class=\"_ _2\"></span>pari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>33,6 <span class=\"_ _2\"></span>milioni </span>(Euro 154,9 milioni <span class=\"_ _1\"></span>al 31 dice<span class=\"_ _1\"></span>mbre 2021) <span class=\"ff1f fs7 fc0\">le <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _e\"></span>finanziarie <span class=\"_ _11\"></span>correnti <span class=\"_ _11\"></span>per <span class=\"_ _6\"></span>contratti <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>locazione <span class=\"_ _11\"></span>hanno <span class=\"_ _11\"></span>un <span class=\"_ _6\"></span>valore <span class=\"_ _11\"></span>residuo <span class=\"_ _e\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>Euro <span class=\"_ _6\"></span>2<span class=\"_ _3\"></span>8,8 <span class=\"_ _11\"></span>milioni </span>(Euro 29,9 milioni <span class=\"_ _1\"></span>al 31 dic<span class=\"_ _1\"></span>embre 2021) 31. T<span class=\"_ _1\"></span>rat<span class=\"_ _2\"></span>tame<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>ine ra<span class=\"_ _1\"></span>ppo<span class=\"_ _1\"></span>rto Il Trattamento di fin<span class=\"_ _1\"></span>e rapporto rapp<span class=\"_ _1\"></span>resenta una for<span class=\"_ _1\"></span>ma di retribuzione del p<span class=\"_ _1\"></span>ersonale a corr<span class=\"_ _1\"></span>esponsione differita, rinviata <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>fine <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>rapporto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>lavoro. <span class=\"_ _6\"></span>La <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _6\"></span>relativa <span class=\"_ _7\"></span>alle <span class=\"_ _6\"></span>indennit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>f<span class=\"_ _3\"></span>ine <span class=\"_ _6\"></span>rapporto <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>attualizzata secondo <span class=\"_ _3\"></span>quanto stabilito <span class=\"_ _3\"></span>dallo <span class=\"_ _3\"></span>IAS 19 <span class=\"_ _e\"></span>utilizzand<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>tasso di <span class=\"_ _e\"></span>attualizza<span class=\"_ _1\"></span>zione del <span class=\"_ _e\"></span>3,6%. <span class=\"_ _3\"></span><span class=\"ls47\">La</span> <span class=\"_ _3\"></span>composizione e <span class=\"_ _3\"></span><span class=\"ls16\">la<span class=\"_ _3\"></span></span> movimentazione<span class=\"_ _1\"></span> dell\u2019eserci<span class=\"_ _1\"></span>zio \u00e8 esposta<span class=\"_ _1\"></span> nel pro<span class=\"_ _1\"></span>spetto che s<span class=\"_ _1\"></span>egu<span class=\"_ _2\"></span>e: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione31<span class=\"_ _2\"></span>/12<span class=\"_ _2\"></span>/20<span class=\"_ _2\"></span>22<span class=\"_ _10a\"> </span>3<span class=\"_ _2\"></span>1/1<span class=\"_ _2\"></span>2/2<span class=\"_ _2\"></span>021V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ioneSa<span class=\"_ _2\"></span>ld<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>in<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>le4<span class=\"_ _3\"></span>9,<span class=\"_ _3\"></span>8<span class=\"_ _40\"> </span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,2<span class=\"_ _75\"> </span>(1<span class=\"_ _3\"></span>,4<span class=\"_ _3\"></span>)Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>nam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span><span class=\"fc0\"> a <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co</span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _1e4\"> </span>1,<span class=\"_ _2\"></span>4<span class=\"_ _155\"> </span>(1,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)In<span class=\"_ _1\"></span>teress<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _242\"> </span><span class=\"fc1\">0,<span class=\"_ _2\"></span>2</span>P<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>te <span class=\"_ _3\"></span>(u<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>) da val<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>tazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>ttu<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span><span class=\"fc0\"> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co<span class=\"_ _1\"></span> com<span class=\"_ _2\"></span>pl<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>o</span>(3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _40\"> </span>(1<span class=\"_ _2\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _53\"> </span>(2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1)Uti<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>/al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ov<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _40\"> </span>(1<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _53\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8)Sa<span class=\"_ _2\"></span>ld<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>le4<span class=\"_ _3\"></span>4,<span class=\"_ _3\"></span>3<span class=\"_ _40\"> </span>4<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,8<span class=\"_ _75\"> </span>(5<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)Di <span class=\"_ _6\"></span>seguito <span class=\"_ _11\"></span>si <span class=\"_ _6\"></span>evidenziano <span class=\"_ _11\"></span>gl<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>organici <span class=\"_ _11\"></span>puntuali <span class=\"_ _6\"></span>amministrativi <span class=\"_ _11\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _11\"></span>alla <span class=\"_ _7\"></span>data <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _11\"></span>202<span class=\"_ _3\"></span>2, suddivisi per qual<span class=\"_ _1\"></span>ifica e per<span class=\"_ _1\"></span> area geografic<span class=\"_ _1\"></span>a: Sono riconducibi<span class=\"_ _1\"></span>li <span class=\"ls3\">al<span class=\"_ _3\"></span></span> Gruppo <span class=\"ls30\">RCS<span class=\"_ _3\"></span></span> n. 2.932 <span class=\"_ _3\"></span>dipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span>. 32. F<span class=\"_ _2\"></span>ondi <span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>i e<span class=\"_ _2\"></span>d oner<span class=\"_ _2\"></span>i e fo<span class=\"_ _2\"></span>ndo i<span class=\"_ _1\"></span>mpos<span class=\"_ _2\"></span>te d<span class=\"_ _1\"></span>iff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ite La movimentaz<span class=\"_ _1\"></span>ione del per<span class=\"_ _1\"></span>iodo \u00e8 esposta ne<span class=\"_ _1\"></span>l seguente p<span class=\"_ _1\"></span>ros<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tto<span class=\"_ _2\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>one31<span class=\"_ _2\"></span>/1<span class=\"_ _1\"></span>2/<span class=\"_ _2\"></span>20<span class=\"_ _1\"></span>21Acc<span class=\"_ _3\"></span>an<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span>n.tiUtili<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>iAltr<span class=\"_ _2\"></span>i 31<span class=\"_ _2\"></span>/1<span class=\"_ _1\"></span>2/<span class=\"_ _2\"></span>20<span class=\"_ _1\"></span>22ne<span class=\"_ _e\"></span>ttim<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _e\"></span>im<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiFo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>den<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>a4,<span class=\"_ _2\"></span>0<span class=\"_ _190\"> </span>0,3<span class=\"_ _6a\"> </span>(0,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(0<span class=\"_ _2\"></span>,8)<span class=\"_ _7b\"> </span>3<span class=\"_ _2\"></span>,1Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtenz<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>egal<span class=\"_ _2\"></span>i12<span class=\"_ _2\"></span>,8<span class=\"_ _190\"> </span>1<span class=\"_ _1\"></span>,1<span class=\"_ _6a\"> </span>(1,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(0<span class=\"_ _2\"></span>,1)<span class=\"_ _24b\"> </span>11<span class=\"_ _2\"></span>,9Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> per i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rson<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e19<span class=\"_ _2\"></span>,4<span class=\"_ _190\"> </span>0<span class=\"_ _1\"></span>,6<span class=\"_ _6a\"> </span>(1,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(0<span class=\"_ _2\"></span>,6)<span class=\"_ _24b\"> </span>17<span class=\"_ _2\"></span>,9Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> fon<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>d o<span class=\"_ _2\"></span>neri25<span class=\"_ _2\"></span>,7<span class=\"_ _190\"> </span>2<span class=\"_ _1\"></span>,6<span class=\"_ _6a\"> </span>(1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(0<span class=\"_ _2\"></span>,8)<span class=\"_ _24b\"> </span>26<span class=\"_ _2\"></span>,2Totale<span class=\"_ _e\"></span> g<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>ne<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>le61<span class=\"_ _2\"></span>,9<span class=\"_ _190\"> </span>4<span class=\"_ _1\"></span>,6<span class=\"_ _6a\"> </span>(5,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(2<span class=\"_ _2\"></span>,3)<span class=\"_ _24b\"> </span>59<span class=\"_ _2\"></span>,1Il <span class=\"_ _3\"></span>\u201cFondo <span class=\"_ _e\"></span>indennit\u00e0 <span class=\"_ _3\"></span>clientela\u201d <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>l\u2019importo<span class=\"ff1f\">, <span class=\"_ _e\"></span>assoggettato <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>val<span class=\"_ _3\"></span>utazione <span class=\"_ _3\"></span>attuariale, da <span class=\"_ _e\"></span>corrispondere agli <span class=\"_ _e\"></span>agenti </span>in base alla norm<span class=\"_ _1\"></span>ativa ed agli <span class=\"_ _1\"></span>accordi collet<span class=\"_ _1\"></span>tivi vigenti. Il<span class=\"ls0\"> <span class=\"ff22\">\u201cFondo</span> <span class=\"_ _3\"></span>vertenze <span class=\"ff22\">legali\u201d,</span> pari a <span class=\"_ _3\"></span>Euro 11,9 milioni, \u00e8 relativo <span class=\"_ _3\"></span>a potenziali passivit\u00e0 derivanti <span class=\"_ _3\"></span>da <span class=\"_ _e\"></span>controver<span class=\"_ _1\"></span>sie </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 diffamazione legate ad articoli <span class=\"_ _3\"></span>pubblicati sulle<span class=\"_ _1\"></span> testate del Gruppo.<span class=\"_ _1\"></span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></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=\"_ _20e\"> </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=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>oneDi<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i124<span class=\"_ _36\"> </span>121<span class=\"_ _2f\"> </span><span class=\"ls0\">3</span>Quad<span class=\"_ _2\"></span>ri303<span class=\"_ _36\"> </span>304<span class=\"_ _61\"> </span><span class=\"ls0\">(1<span class=\"_ _2\"></span>)</span>Im<span class=\"_ _2\"></span>pi<span class=\"_ _2\"></span>eg<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti1<span class=\"_ _1\"></span>.81<span class=\"_ _2\"></span>8<span class=\"_ _243\"> </span>1.7<span class=\"_ _2\"></span>68<span class=\"_ _7e\"> </span><span class=\"ls72\">50</span>G<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>sti1<span class=\"_ _1\"></span>.43<span class=\"_ _2\"></span>2<span class=\"_ _243\"> </span>1.4<span class=\"_ _2\"></span>46<span class=\"_ _15b\"> </span>(14<span class=\"_ _2\"></span>)Operai183<span class=\"_ _36\"> </span>178<span class=\"_ _2f\"> </span><span class=\"ls0\">5</span>Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>ne<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>ale3.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _165\"> </span>3<span class=\"_ _3\"></span>.8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _232\"> </span><span class=\"ls73\">43</span>De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>cri<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>one31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>22<span class=\"_ _20e\"> </span>3<span class=\"_ _3\"></span>1/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>iaz<span class=\"_ _2\"></span>ioneItal<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a2<span class=\"_ _1\"></span>.7<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _e7\"> </span>2<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>70<span class=\"_ _2\"></span>3<span class=\"_ _232\"> </span><span class=\"ls74\">40</span>Estero1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>7<span class=\"_ _e7\"> </span>1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>11<span class=\"_ _2\"></span>4<span class=\"_ _7d\"> </span>3Total<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> g<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>ne<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e3.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>60<span class=\"_ _df\"> </span>3<span class=\"_ _3\"></span>.8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _8f\"> </span><span class=\"ls75\">43</span>I <span class=\"_ _e\"></span><span class=\"ff22\">\u201cFo<span class=\"_ _2\"></span>ndi<span class=\"ff1f\"> <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span><span class=\"ls16\">il</span> <span class=\"_ _11\"></span></span>per<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e\u201d,<span class=\"_ _2\"></span><span class=\"ff1f\"> <span class=\"_ _11\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>17,9<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>milion<span class=\"_ _2\"></span>i, <span class=\"_ _e\"></span>inclu<span class=\"_ _2\"></span>dono <span class=\"_ _e\"></span><span class=\"ls16\">le</span> <span class=\"_ _e\"></span>pote<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>li <span class=\"_ _e\"></span>pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _e\"></span>leg<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te <span class=\"_ _e\"></span>alla<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>gestione <span class=\"_ _7\"></span>del </span></span>personale <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>alla <span class=\"_ _2\"></span>risoluzione <span class=\"_ _1\"></span>di ra<span class=\"_ _1\"></span>pporti <span class=\"_ _2\"></span>di lavoro <span class=\"_ _2\"></span>subordinato <span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>mministrato <span class=\"_ _7\"></span>e son<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>riconducibil<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r <span class=\"_ _1\"></span>Euro 1<span class=\"_ _1\"></span>4 milioni al Gruppo R<span class=\"_ _1\"></span>CS e p<span class=\"_ _1\"></span>er Euro 3,9 milioni al<span class=\"_ _1\"></span>la controll<span class=\"_ _1\"></span>ata La7. Gli<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ff22\">\u201cAl<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span><span class=\"ff1f\"> <span class=\"_ _2\"></span>fond<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>risch<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span><span class=\"ls3\">ed<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff22\">one<span class=\"_ _2\"></span>ri\u201d<span class=\"ff1f\"> <span class=\"_ _2\"></span>son<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>pri<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>ipa<span class=\"_ _2\"></span>lmen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>re<span class=\"_ _1\"></span>la<span class=\"_ _2\"></span>tivi <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>pote<span class=\"_ _2\"></span>nzia<span class=\"_ _1\"></span>li <span class=\"_ _2\"></span>ric<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>uci<span class=\"_ _1\"></span>bil<span class=\"_ _2\"></span>i <span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span><span class=\"ls30\">RCS<span class=\"ls0\"> <span class=\"_ _2\"></span>e </span></span></span></span></span></span></span></span>a <span class=\"_ _7\"></span>La7, <span class=\"_ _7\"></span>accantonati <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>fronte <span class=\"_ _7\"></span>del <span class=\"_ _a\"></span>risch<span class=\"_ _1\"></span>io <span class=\"_ _7\"></span>derivante <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>richieste <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span>risarcimento <span class=\"_ _12\"> </span>danni <span class=\"_\"> </span>or<span class=\"_ _1\"></span>iginatesi <span class=\"_\"> </span>dura<span class=\"_ _1\"></span>nte <span class=\"_\"> </span>l<span class=\"_ _1\"></span>a produzione e mes<span class=\"_ _1\"></span>sa in onda<span class=\"_ _1\"></span> di programm<span class=\"_ _1\"></span>i televisivi e p<span class=\"_ _1\"></span>er altri rischi con<span class=\"_ _1\"></span>trattuali. In<span class=\"ls0\"> <span class=\"_ _1\"></span>conformit\u00e0 <span class=\"_ _2\"></span>a quanto <span class=\"_ _2\"></span>disposto <span class=\"_ _2\"></span>dai pr<span class=\"_ _1\"></span>incipi <span class=\"_ _1\"></span>contabili <span class=\"_ _2\"></span>internazionali <span class=\"_ _2\"></span><span class=\"ls16\">la<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>quota a <span class=\"_ _2\"></span>lungo <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ermine <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>fondi <span class=\"_ _e\"></span>rischi \u00e8 </span></span></span>stata <span class=\"_\"> </span>so<span class=\"_ _1\"></span>ttoposta <span class=\"_ _12\"> </span>ad <span class=\"_\"> </span>a<span class=\"_ _1\"></span>ttualizzazione <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>tener <span class=\"_\"> </span>conto <span class=\"_ _12\"> </span>della <span class=\"_\"> </span>compon<span class=\"_ _1\"></span>ente <span class=\"_ _12\"> </span>finanziaria <span class=\"_ _12\"> </span>implicitamente <span class=\"_ _12\"> </span>inclusa, utilizzando un tasso pari <span class=\"_ _3\"></span>a circa lo <span class=\"_ _3\"></span>3,7% per <span class=\"_ _3\"></span>il fondo indennit\u00e0 clientela <span class=\"_ _2\"></span>e 2,85% <span class=\"_ _1\"></span>per <span class=\"ls2\">il</span> <span class=\"_ _2\"></span>fondo ver<span class=\"_ _1\"></span>tenze <span class=\"_ _1\"></span>legali <span class=\"ls4\">e </span>del 2,77% per gl<span class=\"_ _1\"></span>i altri fondi<span class=\"_ _1\"></span> ed oneri. L\u2019analisi<span class=\"ff1f\"> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span><span class=\"ff24\">se<span class=\"_ _3\"></span>nsitivity <span class=\"_ _2\"></span><span class=\"ff1f\">sul <span class=\"_ _1\"></span>rischio <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> at<span class=\"_ _1\"></span>tualizzazione, <span class=\"_ _2\"></span>assumendo <span class=\"_ _2\"></span>una <span class=\"_ _1\"></span>variazion<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>parallela <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>+/- <span class=\"_ _3\"></span>0,5% <span class=\"_ _3\"></span>non </span></span></span></span></span>ha evidenziato e<span class=\"_ _1\"></span>ffetti signi<span class=\"_ _1\"></span>ficativi. Le pas<span class=\"_ _3\"></span>sivit\u00e0 per <span class=\"_ _3\"></span>imposte differite, <span class=\"_ _3\"></span>pari ad <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>16<span class=\"_ _3\"></span>3,4 milioni <span class=\"_ _3\"></span>(Euro <span class=\"_ _3\"></span>162,1 milioni <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 202<span class=\"_ _3\"></span>1) sono prevalentemente <span class=\"_ _1\"></span>riconducibili a<span class=\"_ _1\"></span>lla business combina<span class=\"_ _1\"></span>tion del Gruppo R<span class=\"_ _2\"></span>CS<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> 33.<span class=\"_ _2\"></span> Altre<span class=\"_ _2\"></span> pass<span class=\"_ _2\"></span>ivit\u00e0 <span class=\"_ _2\"></span>non co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti La <span class=\"_ _6\"></span>voce <span class=\"_ _7\"></span><span class=\"ff22\">\u201caltre</span> <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span><span class=\"ff22\">correnti\u201d,</span> <span class=\"_ _7\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _7\"></span>1,3 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _6\"></span>1,2 <span class=\"_ _7\"></span>milioni <span class=\"_ _6\"></span><span class=\"ls4\">al</span> <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _12\"> </span>2021), <span class=\"_ _a\"> </span>\u00e8 interamente ricondu<span class=\"_ _1\"></span>cibile al Grupp<span class=\"_ _1\"></span>o RCS e include <span class=\"_ _1\"></span>la quota a lungo <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ermine di debiti d<span class=\"_ _1\"></span>i natura fiscale<span class=\"_ _1\"></span>. 34. De<span class=\"_ _2\"></span>biti<span class=\"_ _1\"></span> e <span class=\"_ _1\"></span>pas<span class=\"_ _2\"></span>sivit<span class=\"_ _2\"></span>\u00e0 finan<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ar<span class=\"_ _2\"></span>ie corr<span class=\"_ _2\"></span>enti La<span class=\"ls0\"> voce, <span class=\"_ _1\"></span>pari <span class=\"ls4\">ad</span> <span class=\"_ _1\"></span>Euro<span class=\"_ _1\"></span> 31,8 milio<span class=\"_ _1\"></span>ni (Euro 36,8 <span class=\"_ _2\"></span>milioni <span class=\"ls4\">al</span> 31<span class=\"_ _1\"></span> dicembr<span class=\"_ _1\"></span>e 2021<span class=\"ls5\">),<span class=\"_ _1\"></span><span class=\"ls0\"> in<span class=\"_ _1\"></span>clu<span class=\"_ _2\"></span>de:<span class=\"_ _1\"></span> </span></span></span><span class=\"ff1f fs7 fc0\">per <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>31,8 <span class=\"_ _11\"></span>milioni <span class=\"_ _11\"></span>(<span class=\"_ _3\"></span>Euro <span class=\"_ _11\"></span>36,4 <span class=\"_ _11\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _11\"></span><span class=\"ls4\">al</span> <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicem<span class=\"_ _1\"></span>bre <span class=\"_ _6\"></span>2021<span class=\"ls5\">),</span> <span class=\"_ _e\"></span><span class=\"ls2\">la</span> <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>corren<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>dei <span class=\"_ _2\"></span>finanziament<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>bancari </span>descritti nella pr<span class=\"_ _1\"></span>ecedente N<span class=\"_ _1\"></span>ota 29 e gli scope<span class=\"_ _1\"></span>rti di cont<span class=\"_ _1\"></span>o corrente; <span class=\"ff1f fs7 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 voce<span class=\"ls6\">, <span class=\"_ _e\"></span></span>per <span class=\"_ _3\"></span>Euro 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 fi<span class=\"_ _3\"></span>nanziari<span class=\"_ _1\"></span> </span>derivati iscritti a<span class=\"_ _1\"></span>l fair value con live<span class=\"_ _1\"></span>llo gerarchico 2 a<span class=\"_ _1\"></span>i sensi de<span class=\"_ _1\"></span>ll\u2019IFRS 7. Di <span class=\"_ _a\"> </span>se<span class=\"_ _3\"></span>guito <span class=\"_ _a\"> </span>si <span class=\"_ _a\"> </span>ri<span class=\"_ _3\"></span>portano <span class=\"_ _a\"> </span>le <span class=\"_ _a\"> </span>pr<span class=\"_ _3\"></span>incipali <span class=\"_ _a\"> </span>tipologie <span class=\"_ _a\"> </span>di <span class=\"_ _12\"> </span>stru<span class=\"_ _1\"></span>menti <span class=\"_ _a\"> </span>finanziari <span class=\"_ _a\"> </span>derivati, <span class=\"_ _a\"> </span>evidenziando <span class=\"_ _a\"> </span>l<span class=\"_ _3\"></span>e <span class=\"_ _a\"> </span>finalit\u00e0 <span class=\"_ _a\"></span>di copertura o <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> nego<span class=\"_ _1\"></span>ziazione <span class=\"_ _2\"></span>per <span class=\"ls2\">le</span> <span class=\"_ _1\"></span>quali <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>stati sottoscritti <span class=\"_ _2\"></span>i relativi c<span class=\"_ _2\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti.<span class=\"_ _2\"></span> </span></span>De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _e\"></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=\"_ _3\"></span><span class=\"fc2 sc0\"> </span><span class=\"fc2 sc0\"> </span><span class=\"_ _3\"></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=\"_ _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>1Attivit\u00e0Pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>ivit\u00e0Attivit\u00e0Pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>ivit\u00e0In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>t Rate<span class=\"_ _3\"></span> Ca<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span> per c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4- <span class=\"_ _1a0\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1-No<span class=\"_ _3\"></span>n co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti0<span class=\"_ _3\"></span>,4-<span class=\"_ _93\"> </span><span class=\"ff21\">0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _14a\"> </span></span> <span class=\"_ _15e\"> </span>-In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>t Rate<span class=\"_ _3\"></span> Ca<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span> per c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2- <span class=\"_ _165\"> </span>--In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>t Rate<span class=\"_ _3\"></span> Swap p<span class=\"_ _1\"></span>er c<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> fl<span class=\"_ _2\"></span>ussi<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssa0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7- <span class=\"_ _165\"> </span>-(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)Fo<span class=\"_ _2\"></span>rwa<span class=\"_ _3\"></span>rd<span class=\"_ _1\"></span> Fo<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>n Ex<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>han<span class=\"_ _2\"></span>ge Con<span class=\"_ _2\"></span>trac<span class=\"_ _3\"></span>t per c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>ertu<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> --<span class=\"_ _159\"> </span> <span class=\"_ _15b\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"fc2 sc0\">-</span>-ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span>o ca<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>oCo<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nti0<span class=\"_ _3\"></span>,9-<span class=\"_ _18\"> </span><span class=\"ff21 fc1\"> <span class=\"_ _230\"> </span>0<span class=\"_ _e\"></span>,1<span class=\"_ _f\"> </span> <span class=\"_ _1c3\"> </span>(0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>)</span>To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le1<span class=\"_ _3\"></span>,3- <span class=\"_ _230\"> </span><span class=\"ff21\">0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _f\"> </span> <span class=\"_ _1c3\"> </span>(0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></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=\"_ _1\"></span>mmonta <span class=\"_\"> </span>a <span class=\"_ _12\"> </span>Euro <span class=\"_\"> </span>0,7 <span class=\"_ _12\"> </span>milioni <span class=\"_\"> </span>(negativa <span class=\"_ _12\"> </span>per <span class=\"_\"> </span>Euro <span class=\"_ _12\"> </span>0,4 <span class=\"_\"> </span>milioni <span class=\"_\"> </span>a<span class=\"_ _1\"></span>l <span class=\"_\"> </span>31 <span class=\"_ _12\"> </span>dicembre <span class=\"_\"> </span>202<span class=\"_ _1\"></span>1), <span class=\"_\"> </span>la <span class=\"_ _12\"> </span>copertura dell\u2019esposizione <span class=\"_ _1\"></span>al rischio <span class=\"_ _1\"></span>di tasso <span class=\"ff1f\">ammonta a Euro 0,<span class=\"_ _2\"></span>2 m<span class=\"_ _3\"></span>ilioni. </span>La quota non corren<span class=\"_ _1\"></span>te per derivat<span class=\"_ _1\"></span>i a copertura d<span class=\"_ _1\"></span>ell\u2019esposizione<span class=\"ff1f\"> al risch<span class=\"_ _1\"></span>io di tasso am<span class=\"_ _1\"></span>monta a Euro 0,4 m<span class=\"_ _1\"></span>ilioni </span>(Euro 0,1 milioni a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbre 2021). Nel 2021 <span class=\"_ _3\"></span>le p<span class=\"_ _1\"></span>assivit\u00e0 <span class=\"_ _2\"></span>finanziarie <span class=\"_ _2\"></span>derivanti <span class=\"_ _2\"></span>dalla <span class=\"_ _2\"></span>valutazione <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> s<span class=\"_ _1\"></span>trumenti <span class=\"_ _2\"></span>derivati <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>copertura <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>flussi di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cassa erano negative per Eu<span class=\"_ _1\"></span>ro 0,4 milioni. Il<span class=\"ls0\"> <span class=\"_ _2\"></span>provento <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>derivante <span class=\"_ _2\"></span>dalla <span class=\"_ _2\"></span>valutazion<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>tali <span class=\"_ _2\"></span>strumenti <span class=\"_ _2\"></span>derivati <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value, <span class=\"_ _2\"></span><span class=\"ff1f\">iscritta <span class=\"_ _2\"></span>nel conto <span class=\"_ _3\"></span>economico </span></span></span></span></span>complessivo, am<span class=\"_ _1\"></span>monta nel 2022 ad Eu<span class=\"_ _1\"></span>ro 1,5 <span class=\"ff22\">milion<span class=\"_ _1\"></span>i al lordo de<span class=\"_ _1\"></span>ll\u2019effetto f<span class=\"_ _1\"></span>iscale (Euro 0,<span class=\"ff1f\">7 milion<span class=\"_ _1\"></span>i nel 2021<span class=\"ls5\">).<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span></span></span>I <span class=\"_ _e\"></span>contratti <span class=\"_ _e\"></span>stipulati <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>RCS <span class=\"_ _e\"></span>MediaGroup, <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>riferiscono <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span><span class=\"ff24\">Interest <span class=\"_ _e\"></span>Rate <span class=\"_ _e\"></span>Swap</span>, <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>copertura <span class=\"_ _e\"></span><span class=\"ff22\">dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>esp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne<span class=\"ff1f\"> <span class=\"ls48\">al</span> </span></span>risc<span class=\"_ _2\"></span>hio <span class=\"_ _2\"></span><span class=\"ls1\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>bit<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>bre<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>med<span class=\"_ _2\"></span>io <span class=\"_ _2\"></span>lun<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>mine<span class=\"_ _1\"></span>. Nel corso <span class=\"ff22\">dell\u2019anno</span> per RCS non sono stati stipulati </span></span>nuovi contratti d<span class=\"_ _1\"></span>i copertura <span class=\"_ _1\"></span>sui tassi di intere<span class=\"_ _1\"></span>sse. L\u2019ammontare <span class=\"_ _e\"></span>nozional<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>degli <span class=\"_ _11\"></span><span class=\"ff24\">Interest <span class=\"_ _e\"></span>Rate <span class=\"_ _e\"></span>Swap <span class=\"_ _e\"></span><span class=\"ff1f\">al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _e\"></span>2022, <span class=\"_ _e\"></span>interamente <span class=\"_ _e\"></span>riconducibili <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>Gruppo </span></span>RCS, <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>20 <span class=\"_ _e\"></span>milioni <span class=\"_ _3\"></span>(Euro <span class=\"_ _e\"></span>60 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _3\"></span>2021) <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>tasso <span class=\"_ _e\"></span>fisso <span class=\"_ _e\"></span>medio <span class=\"_ _e\"></span>contrattua<span class=\"_ _1\"></span>le degli <span class=\"_ _2\"></span><span class=\"ff24\">Interest <span class=\"_ _2\"></span>Rate <span class=\"_ _2\"></span>Swap <span class=\"_ _2\"></span><span class=\"ff22\">del<span class=\"_ _1\"></span>l\u20190,25% <span class=\"_ _2\"></span>(0,102% <span class=\"_ _2\"></span>l\u2019anno<span class=\"_ _2\"></span> pr<span class=\"_ _1\"></span>ecedente<span class=\"_ _1\"></span>). <span class=\"_ _2\"></span>Il <span class=\"_ _2\"></span>parametro <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>rif<span class=\"_ _1\"></span>erimento <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>tasso<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>variabile </span></span>\u00e8 l\u2019Euribor a tre <span class=\"_ _1\"></span>mesi. L\u2019ammontare <span class=\"_ _12\"> </span>nozional<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>degli <span class=\"_\"> </span>Intere<span class=\"_ _1\"></span>st <span class=\"_ _12\"> </span>Rate<span class=\"ff1f\"> <span class=\"_ _12\"> </span></span>Cap <span class=\"_ _12\"> </span><span class=\"ls4\">al</span> <span class=\"_ _12\"> </span>31 <span class=\"_\"> </span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _12\"> </span>2022, <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>copertura <span class=\"_\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>rischio <span class=\"_\"> </span>t<span class=\"_ _3\"></span>asso <span class=\"_ _16\"> </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=\"_ _e\"></span>un <span class=\"_ _e\"></span>tasso <span class=\"_ _3\"></span>limite <span class=\"_ _e\"></span>dello <span class=\"_ _e\"></span>-<span class=\"ff22\">0,25%; <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>parametro <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>riferimento <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>tasso <span class=\"_ _e\"></span>variabile <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _3\"></span>pari <span class=\"_ _e\"></span>all\u2019Euribo</span>r<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _3\"></span>tre <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>sei mesi. De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneV<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> Pa<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>tr<span class=\"_ _2\"></span>oTa<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>o0<span class=\"_ _3\"></span>-6<span class=\"_ _3\"></span> me<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i6<span class=\"_ _3\"></span> me<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i1<span class=\"_ _3\"></span>-2<span class=\"_ _3\"></span> an<span class=\"_ _2\"></span>ni2<span class=\"_ _3\"></span>-5<span class=\"_ _3\"></span> an<span class=\"_ _2\"></span>niOltr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> i 5noz<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>na<span class=\"_ _2\"></span>le<span class=\"_ _e\"></span> in - 1<span class=\"_ _3\"></span> an<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>oa<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ie<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> (mi<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>\u20ac<span class=\"_ _3\"></span>)IRS<span class=\"_ _236\"> </span><span class=\"ff27\">20<span class=\"_ _1\"></span>,0<span class=\"_ _114\"> </span>-0,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>%<span class=\"_ _111\"> </span>(20<span class=\"_ _2\"></span>,0)<span class=\"_ _61\"> </span>-<span class=\"_ _40\"> </span><span class=\"ff1f\">-</span></span>Eu<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>or 3<span class=\"_ _1\"></span> M--CAP<span class=\"_ _23d\"> </span><span class=\"ff27\">2<span class=\"_ _2\"></span>0,0<span class=\"_ _114\"> </span>-0,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5%<span class=\"_ _b7\"> </span>(10<span class=\"_ _2\"></span>,0)<span class=\"_ _217\"> </span>(10<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _40\"> </span><span class=\"ff1f\">-</span></span>Eu<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>or 3<span class=\"_ _1\"></span>-6<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>M--Totale<span class=\"_ _be\"> </span><span class=\"ff28\">4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,0</span>-Gli s<span class=\"_ _1\"></span>trumenti <span class=\"_ _2\"></span>sopra indi<span class=\"_ _1\"></span>cati <span class=\"_ _2\"></span>relativi alla <span class=\"_ _2\"></span>copertura de<span class=\"_ _1\"></span>ll\u2019esposizion<span class=\"ff1f\">e de<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>rischio <span class=\"_ _2\"></span>tasso <span class=\"_ _1\"></span>di in<span class=\"_ _1\"></span>teresse <span class=\"_ _2\"></span>e del <span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>schio <span class=\"_ _2\"></span>di </span>cambio, sono sta<span class=\"_ _1\"></span>ti negoziati<span class=\"_ _1\"></span> con finalit\u00e0 di c<span class=\"_ _1\"></span>opertura. Gli <span class=\"_ _f\"> </span>strumenti <span class=\"_ _4\"> </span>deriva<span class=\"_ _1\"></span>ti <span class=\"_ _4\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>copertura <span class=\"_ _4\"> </span>del <span class=\"_ _f\"> </span>rischio <span class=\"_ _f\"> </span>tasso <span class=\"_ _f\"> </span>d\u2019<span class=\"_ _3\"></span>interesse, <span class=\"_ _16\"> </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=\"_ _6\"></span>sono <span class=\"_ _a\"></span>stati <span class=\"_ _7\"></span>sottoposti <span class=\"_ _6\"></span>ai <span class=\"_ _a\"> </span>cosiddet<span class=\"_ _1\"></span>ti <span class=\"_ _7\"></span>test <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>efficacia <span class=\"_ _7\"></span>(pros<span class=\"_ _3\"></span>pettici <span class=\"_ _7\"></span>e <span class=\"_ _a\"> </span>retrospe<span class=\"_ _1\"></span>ttivi) <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>verificare l\u2019aderenza<span class=\"ff1f\"> degli stessi agli specifici requisiti richiesti dai principi <span class=\"_ _3\"></span>contabili i<span class=\"_ _3\"></span>ntern<span class=\"_ _1\"></span>azionali <span class=\"_ _3\"></span>per le <span class=\"_ _e\"></span>operazio<span class=\"_ _1\"></span>ni <span class=\"_ _3\"></span>di </span>copertura. De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneTip<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>lo<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> Ris<span class=\"_ _e\"></span>chio Fa<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>ue<span class=\"_ _e\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ioneIm<span class=\"_ _1\"></span>pa<span class=\"_ _2\"></span>tto<span class=\"_ _3\"></span> r<span class=\"_ _1\"></span>ile<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ato <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span> co<span class=\"_ _3\"></span>nto<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>ae<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nom<span class=\"_ _1\"></span>ico<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivo <span class=\"_ _91\"> </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>2<span class=\"_ _24c\"> </span>3<span class=\"_ _3\"></span>1/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1Co<span class=\"_ _2\"></span>pertu<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>FN<span class=\"_ _169\"> </span>IRS<span class=\"_ _181\"> </span>0,<span class=\"_ _2\"></span>7<span class=\"_ _75\"> </span>(0,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)Ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span>o tasso1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>tere<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>eCo<span class=\"_ _2\"></span>pertu<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> CAP<span class=\"_ _ef\"> </span>0<span class=\"_ _2\"></span>,6<span class=\"_ _232\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1Ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span>o tasso0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>50<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>amen<span class=\"_ _2\"></span>tii<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>tere<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>eTotale<span class=\"_ _24d\"> </span>1<span class=\"_ _3\"></span>,3<span class=\"_ _85\"> </span>(0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3)-1<span class=\"_ _3\"></span>,61<span class=\"_ _3\"></span>,535. De<span class=\"_ _2\"></span>biti<span class=\"_ _1\"></span> ve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o f<span class=\"_ _2\"></span>ornit<span class=\"_ _1\"></span>ori I <span class=\"_\"> </span>\u201cdebiti <span class=\"_\"> </span>ve<span class=\"_ _1\"></span>rso <span class=\"_\"> </span>forn<span class=\"_ _1\"></span>itori\u201d <span class=\"_\"> </span>ammon<span class=\"_ _1\"></span>tano <span class=\"_\"> </span>a <span class=\"_\"> </span>E<span class=\"_ _1\"></span>uro <span class=\"_\"> </span><span class=\"ff1f\">307,1 <span class=\"_\"> </span>milion<span class=\"_ _1\"></span>i <span class=\"_\"> </span>in <span class=\"_\"> </span>inc<span class=\"_ _1\"></span>remento <span class=\"_\"> </span>di<span class=\"_ _1\"></span> <span class=\"_\"> </span>Euro <span class=\"_\"> </span>8,3 <span class=\"_\"> </span>milion<span class=\"_ _1\"></span>i <span class=\"_\"> </span>rispe<span class=\"_ _1\"></span>tto </span>all\u2019esercizio prec<span class=\"_ _1\"></span>edente.<span class=\"ff1f\"> </span>I debiti <span class=\"ls33\">si</span> riferiscono integralmen<span class=\"_ _1\"></span>te a posizioni corr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>. 36. De<span class=\"_ _2\"></span>biti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span>so <span class=\"_ _2\"></span>cont<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>llanti<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lle<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>e e<span class=\"_ _2\"></span> cons<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iate La<span class=\"ls0\"> <span class=\"_ _2\"></span>voce <span class=\"_ _2\"></span><span class=\"ff22\">\u201cdebiti<span class=\"ff1f\"> <span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>erso <span class=\"_ _2\"></span>controllant<span class=\"_ _1\"></span>i, <span class=\"_ _2\"></span>collegate <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span><span class=\"ff22\">con<span class=\"_ _1\"></span>sociate\u201d<span class=\"ff1f\"> <span class=\"_ _0\"></span>ammonta <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>11,8 <span class=\"_ _2\"></span>milion<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>(Euro 7,5 milio<span class=\"_ _1\"></span>ni al 31<span class=\"_ _1\"></span> </span></span></span></span></span>dicembre 2021) <span class=\"_ _1\"></span>ed include princip<span class=\"_ _1\"></span>almente: <span class=\"ff1f fc0\">per <span class=\"_ _1\"></span>Euro <span class=\"_ _2\"></span>9,1 milioni, <span class=\"_ _2\"></span>i debi<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>commerciali verso <span class=\"_ _2\"></span>alcune <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _2\"></span>collegate <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Gruppo <span class=\"_ _2\"></span>Bermont <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>si <span class=\"_ _e\"></span>occupano </span>in Spagna della s<span class=\"_ _1\"></span>tampa di quotidia<span class=\"_ _1\"></span>ni, periodici e a<span class=\"_ _1\"></span>ltri p<span class=\"_ _1\"></span>rodotti editorial<span class=\"_ _1\"></span>i; per <span class=\"_\"> </span>Euro<span class=\"_ _1\"></span> <span class=\"_\"> </span>0,7 <span class=\"_ _12\"> </span>milioni, <span class=\"_ _12\"> </span>i <span class=\"_\"> </span>debiti <span class=\"_ _12\"> </span>commerciali <span class=\"_\"> </span>ve<span class=\"_ _1\"></span>rso <span class=\"_\"> </span>s<span class=\"_ _1\"></span>ociet\u00e0 <span class=\"_\"> </span>va<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>utate <span class=\"_\"> </span>a<span class=\"_ _1\"></span> <span class=\"_\"> </span>pa<span class=\"_ _1\"></span>trimonio <span class=\"_\"> </span>n<span class=\"_ _2\"></span>etto <span class=\"_\"> </span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>m-Dis Distribuzione <span class=\"_ _1\"></span>Media per <span class=\"_ _12\"> </span>Euro <span class=\"_ _12\"> </span>1,7 <span class=\"_\"> </span>m<span class=\"_ _1\"></span>ilioni, <span class=\"_ _12\"> </span>i <span class=\"_ _12\"> </span>debiti <span class=\"_ _12\"> </span>commerciali <span class=\"_ _12\"> </span>verso <span class=\"_ _12\"> </span><span class=\"ls16\">la</span> <span class=\"_\"> </span>so<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _12\"> </span>correlata <span class=\"_ _12\"> </span>Torino <span class=\"_ _12\"> </span>Football <span class=\"_ _12\"> </span>C<span class=\"_ _1\"></span>lu<span class=\"_ _2\"></span>b <span class=\"_ _e\"></span>S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span><span class=\"ls16\">le</span> com<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>matur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>fron<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _1\"></span>acc<span class=\"_ _2\"></span>ordo<span class=\"_ _2\"></span> <span class=\"ls6\">di</span> <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nce<span class=\"_ _2\"></span>ssion<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>ubbli<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>ria <span class=\"_ _2\"></span>stipu<span class=\"_ _2\"></span>lato <span class=\"_ _2\"></span>con CA<span class=\"_ _1\"></span>IRORCS <span class=\"_ _1\"></span>Media S.p.A<span class=\"_ _1\"></span>. 37. De<span class=\"_ _2\"></span>biti<span class=\"_ _1\"></span> tr<span class=\"_ _2\"></span>ibutar<span class=\"_ _1\"></span>i La<span class=\"ls0\"> voce <span class=\"ff22\">\u201cdebiti</span> <span class=\"ff22\">tributa<span class=\"_ _1\"></span>ri\u201d<span class=\"ff1f\"> <span class=\"ls33\">si</span> compone come seg<span class=\"_ _1\"></span>ue<span class=\"_ _2\"></span>: </span></span></span>De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>cr<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _24e\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2/2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>2<span class=\"_ _68\"> </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=\"_ _24f\"> </span>V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ioneDebi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>r i<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>oste c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rren<span class=\"_ _1\"></span>ti<span class=\"_ _1a9\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1f4\"> </span>1,<span class=\"_ _2\"></span>9<span class=\"_ _15a\"> </span>(1,<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>)</span>Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deb<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> tri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>ut<span class=\"_ _1\"></span>ari<span class=\"_ _cd\"> </span><span class=\"fc1\">22<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _b8\"> </span>18<span class=\"_ _2\"></span>,3<span class=\"_ _7c\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6</span>Sa<span class=\"_ _2\"></span>ld<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>le<span class=\"_ _250\"> </span>23<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _1f8\"> </span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,2<span class=\"_ _6a\"> </span>3<span class=\"_ _3\"></span>,5La <span class=\"_ _e\"></span>voce, <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>3,7 <span class=\"_ _e\"></span>milioni, <span class=\"_ _3\"></span>presenta <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>incremento <span class=\"_ _3\"></span>rispetto <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span>31 <span class=\"_ _e\"></span>dicem<span class=\"_ _1\"></span>bre <span class=\"_ _e\"></span>2021 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>3,5 <span class=\"_ _e\"></span>milioni. <span class=\"_ _e\"></span>Tale incremento risu<span class=\"_ _1\"></span>lta attribuib<span class=\"_ _1\"></span>ile al Gruppo R<span class=\"_ _1\"></span>CS cui sono <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>iconducibili deb<span class=\"_ _1\"></span>iti per Eur<span class=\"_ _1\"></span>o 19,4 milioni. 38. De<span class=\"_ _2\"></span>biti<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span>ver<span class=\"_ _2\"></span>si e <span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span> pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _2\"></span>\u00e0 corr<span class=\"_ _2\"></span>enti La voce \u201cdebiti d<span class=\"_ _1\"></span>iversi e altre pa<span class=\"_ _1\"></span>ssivit\u00e0 corren<span class=\"_ _1\"></span>ti\u201d pu\u00f2 es<span class=\"_ _1\"></span>sere cos\u00ec det<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>iata<span class=\"_ _2\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione31<span class=\"_ _2\"></span>/12<span class=\"_ _2\"></span>/20<span class=\"_ _2\"></span>22<span class=\"_ _10a\"> </span>3<span class=\"_ _2\"></span>1/1<span class=\"_ _2\"></span>2/2<span class=\"_ _2\"></span>021V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ioneDebi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rso d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i34<span class=\"_ _2\"></span>,7<span class=\"_ _36\"> </span>40<span class=\"_ _1\"></span>,3<span class=\"_ _7e\"> </span>(5<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)Debi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rso i<span class=\"_ _2\"></span>sti<span class=\"_ _0\"></span>tut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>den<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> si<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>u<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> soci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e17<span class=\"_ _2\"></span>,8<span class=\"_ _36\"> </span>18<span class=\"_ _1\"></span>,3<span class=\"_ _7e\"> </span>(0<span class=\"_ _1\"></span>,5<span class=\"_ _2\"></span>)An<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> su abb<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>amen<span class=\"_ _2\"></span>ti8,<span class=\"_ _2\"></span>4<span class=\"_ _38\"> </span>8,<span class=\"_ _1\"></span>3<span class=\"_ _68\"> </span>0,1Ratei<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi29<span class=\"_ _2\"></span>,6<span class=\"_ _36\"> </span>31<span class=\"_ _1\"></span>,4<span class=\"_ _7e\"> </span>(1<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>ebi<span class=\"_ _0\"></span>ti12<span class=\"_ _2\"></span>,9<span class=\"_ _36\"> </span>11<span class=\"_ _1\"></span>,8<span class=\"_ _68\"> </span>1,<span class=\"_ _1\"></span>1Sa<span class=\"_ _2\"></span>ld<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>le10<span class=\"_ _2\"></span>3,4<span class=\"_ _17e\"> </span>11<span class=\"_ _2\"></span>0,1<span class=\"_ _7e\"> </span>(6<span class=\"_ _2\"></span>,7)La <span class=\"_ _2\"></span>voce, <span class=\"_ _2\"></span>pari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>103,4 <span class=\"_ _2\"></span>milioni,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>presenta <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>decremento<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>6,7 <span class=\"_ _2\"></span><span class=\"ff22\">milioni <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span>all\u2019eser<span class=\"_ _1\"></span>cizio <span class=\"_ _2\"></span>precedente<span class=\"ff1f\"> </span></span>ed <span class=\"_ _2\"></span>include <span class=\"_ _2\"></span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _2\"></span>correnti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>riconducibil<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>RC<span class=\"_ _1\"></span>S <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>73,9 <span class=\"_ _2\"></span>mil<span class=\"_ _1\"></span>ioni. <span class=\"_ _2\"></span><span class=\"ff22\">La <span class=\"_ _2\"></span>variaz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>rispetto <span class=\"_ _0\"></span>all\u2019anno </span>\u00e8 <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ttribuibile <span class=\"_ _3\"></span>principalmen<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>minori <span class=\"_ _3\"></span>debiti <span class=\"_ _3\"></span>verso <span class=\"_ _e\"></span>dip<span class=\"_ _1\"></span>endenti <span class=\"_ _3\"></span>anche <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>effetto <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>piano <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>riorganizzazion<span class=\"_ _1\"></span>e del personale. 39. I<span class=\"_ _2\"></span>mpegni<span class=\"_ _1\"></span>, <span class=\"_ _2\"></span>ris<span class=\"_ _2\"></span>chi e<span class=\"_ _1\"></span>d a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>inf<span class=\"_ _2\"></span>ormaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i La <span class=\"_ _a\"> </span>societ\u00e0 <span class=\"_ _12\"> </span>controllata <span class=\"_ _a\"> </span>Cairo <span class=\"_ _a\"> </span>Network <span class=\"_ _12\"> </span>S.r<span class=\"_ _1\"></span>.l. <span class=\"_ _12\"> </span>n<span class=\"_ _1\"></span>el <span class=\"_ _a\"> </span>corso <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>2014 <span class=\"_ _12\"> </span>ha <span class=\"_ _a\"> </span>partecipato <span class=\"_ _a\"> </span>alla <span class=\"_ _12\"> </span>procedu<span class=\"_ _1\"></span>ra <span class=\"_ _a\"> </span>indetta <span class=\"_ _12\"> </span>dal Ministero dello <span class=\"_ _e\"></span>Svi<span class=\"_ _1\"></span>luppo <span class=\"_ _3\"></span>Economico<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>l\u2019assegnazione dei <span class=\"_ _3\"></span>diritti <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>frequen<span class=\"_ _3\"></span><span class=\"ff1f\">ze <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>banda <span class=\"_ _3\"></span>televisiva per </span>sistemi <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>radiodiffusione <span class=\"_ _3\"></span>digitale <span class=\"_ _e\"></span>terrestre, <span class=\"_ _e\"></span>presentando <span class=\"_ _16\"> </span><span class=\"ls2\">la</span> <span class=\"_\"> </span>propria<span class=\"_ _1\"></span> <span class=\"_\"> </span>offe<span class=\"_ _1\"></span>rta <span class=\"_\"> </span>vinc<span class=\"_ _1\"></span>olante <span class=\"_ _12\"> </span><span class=\"ls4\">ed</span> <span class=\"_\"> </span>aggiudicando<span class=\"_ _1\"></span>si <span class=\"_ _12\"> </span>i diritti <span class=\"_ _a\"> </span><span class=\"ff22\">d\u2019uso</span> <span class=\"_ _a\"> </span>- <span class=\"_ _a\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span><span class=\"ls2\">la</span> <span class=\"_ _a\"> </span>durata <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span><span class=\"ls6\">20<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>an<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>- <span class=\"_ _3\"></span><span class=\"ff22\">di <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>lotto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>frequenze <span class=\"_ _3\"></span>(\u201cMux\u201d). <span class=\"_ _3\"></span>Nel mese <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>gennaio <span class=\"_ _3\"></span>2015 <span class=\"_ _3\"></span>Cairo </span>Network <span class=\"_ _3\"></span>ha <span class=\"_ _e\"></span>quind<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>sottoscritto <span class=\"_ _e\"></span>con <span class=\"_ _3\"></span>EI <span class=\"_ _3\"></span>Towers <span class=\"_ _e\"></span>S.p.A. (\u201cEIT\u201d) <span class=\"_ _e\"></span>gli <span class=\"_ _3\"></span>accordi <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>realizzazione <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>successiva gestione <span class=\"_ _5\"> </span>t<span class=\"_ _3\"></span>ecnica <span class=\"_ _5\"> </span>pl<span class=\"_ _3\"></span>urienn<span class=\"_ _1\"></span>ale <span class=\"_ _15\"> </span>in <span class=\"_ _5\"> </span>modalit\u00e0 <span class=\"_ _15\"> </span>full <span class=\"_ _15\"> </span>se<span class=\"_ _1\"></span>rvice <span class=\"_ _15\"> </span>(ospitalit\u00e0, <span class=\"_ _15\"> </span>assist<span class=\"_ _1\"></span>enza <span class=\"_ _5\"> </span>e <span class=\"_ _15\"> </span>manutenzione, <span class=\"_ _15\"> </span>utilizz<span class=\"_ _1\"></span>o dell\u2019infrastrut<span class=\"_ _1\"></span>tura<span class=\"ff1f\"> di trasmissione, ecc.) <span class=\"_ _1\"></span>del Mux. Gli a<span class=\"_ _1\"></span>ccordi, come r<span class=\"_ _1\"></span>ivisti nel mes<span class=\"_ _1\"></span>e di <span class=\"_ _e\"></span>marzo <span class=\"_ _e\"></span>2018 <span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _e\"></span>termini </span>nel complesso <span class=\"_ _1\"></span>migliorativi per Ca<span class=\"_ _1\"></span>iro Netwo<span class=\"_ _1\"></span>rk, prevedono tra l\u2019a<span class=\"_ _1\"></span>ltro:<span class=\"ff1f\"> </span><span class=\"ff1f fs7 fc0\">una fase transito<span class=\"_ _1\"></span>ria, completata <span class=\"_ _1\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"ls6\">31</span> dicembre 2017, <span class=\"_ _1\"></span>nel corso del<span class=\"_ _1\"></span>la quale rea<span class=\"_ _1\"></span>lizzare <span class=\"_ _1\"></span><span class=\"ls2\">la<span class=\"ls0\"> messa <span class=\"_ _e\"></span>in <span class=\"_ _11\"></span>esercizio <span class=\"_ _e\"></span>del </span></span></span></span></span>Mux e una fase a r<span class=\"_ _1\"></span>egime di eserci<span class=\"_ _1\"></span>zio del Mux d<span class=\"_ _1\"></span>ella durata di 17 <span class=\"_ _1\"></span>anni (dal 2<span class=\"_ _1\"></span>018 al 2034)<span class=\"_ _1\"></span>; <span class=\"ff1f fs7 fc0 ls2\">la<span class=\"ls0\"> facolt\u00e0 di <span class=\"_ _1\"></span>recesso libero da pa<span class=\"_ _1\"></span>rte di Cairo Network<span class=\"_ _1\"></span> a partire dal 1\u00b0 genna<span class=\"_ _1\"></span>io <span class=\"ls1\">2025;</span> </span></span><span class=\"ff1f fs7 fc0\">copertura garantita al<span class=\"_ _1\"></span>meno pari al <span class=\"_ _1\"></span>94% della popo<span class=\"_ _1\"></span>lazione, all<span class=\"_ _1\"></span>ineata ai Mux n<span class=\"_ _1\"></span>azionali a <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>aggior copertura<span class=\"_ _1\"></span>; </span><span class=\"ff1f fs7 fc0\">corrispettivi a favore d<span class=\"_ _1\"></span>i E<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>T:<span class=\"_ _2\"></span> </span>\u2022<span class=\"ff28 sc0\"> <span class=\"_ _148\"> </span><span class=\"ff1f fc0\">per la fase di rea<span class=\"_ _1\"></span>lizzazione <span class=\"_ _1\"></span>della rete (2015-<span class=\"ff22\">2017) <span class=\"_ _1\"></span>pari a Euro 11,5 <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ilioni comple<span class=\"_ _1\"></span>ssivi per l\u2019int<span class=\"_ _1\"></span>ero </span></span></span>triennio; \u2022<span class=\"ff28 sc0\"> <span class=\"_ _148\"> </span><span class=\"ff1f fc0\">a regime (a <span class=\"ff22\">partire dal<span class=\"_ _1\"></span>l\u2019anno 2018)<span class=\"ff1f\"> par<span class=\"_ _1\"></span>i a Euro 16 milioni an<span class=\"_ _2\"></span>nui,<span class=\"_ _1\"></span> </span></span></span></span><span class=\"ff1f fs7 fc0\">tali importi sono comp<span class=\"_ _1\"></span>rensivi del corr<span class=\"_ _1\"></span>ispettivo pe<span class=\"_ _1\"></span>r la messa a dispos<span class=\"_ _1\"></span>izione dei trasmettitori; </span><span class=\"ff1f fs7 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=\"_ _3\"></span>favore <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Cairo <span class=\"_ _3\"></span>Network, <span class=\"_ _3\"></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=\"_ _e\"></span>e un <span class=\"_ _3\"></span>massimo <span class=\"_ _3\"></span>di </span>Euro 6 m<span class=\"_ _1\"></span>ilioni neg<span class=\"_ _1\"></span>li anni <span class=\"_ _1\"></span>2018-2022, <span class=\"_ _1\"></span>che si <span class=\"_ _1\"></span>riduce <span class=\"_ _1\"></span>a E<span class=\"_ _1\"></span>uro 5,5 <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ilioni negl<span class=\"_ _1\"></span>i anni <span class=\"_ _1\"></span>2023-2027 e <span class=\"_ _2\"></span>a Euro 5 m<span class=\"_ _1\"></span>ilioni dal <span class=\"_ _7\"></span>2028 <span class=\"_ _7\"></span>e <span class=\"_ _a\"> </span>fino <span class=\"_ _6\"></span>a <span class=\"_ _a\"> </span>scadenza, <span class=\"_ _7\"> </span>nell\u2019eventual<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _7\"> </span>in <span class=\"_ _7\"> </span>cui <span class=\"_ _7\"> </span>la <span class=\"_ _a\"> </span>banda <span class=\"_ _6\"> </span>di<span class=\"_ _3\"></span>sponibile<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>sul <span class=\"_ _7\"> </span>Mux <span class=\"_ _a\"> </span>non<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>fosse <span class=\"_ _a\"> </span>inte<span class=\"_ _1\"></span>gralment<span class=\"_ _1\"></span>e sfruttata da Cair<span class=\"_ _1\"></span>o Network. Nella Legge di Bilancio 2018 (l. n. 205 del 2017, come successivament<span class=\"_ _1\"></span>e integrata e modificata dalla l. n. 145 d<span class=\"ff22\">el <span class=\"_ _e\"></span>2019), <span class=\"_ _3\"></span>all\u2019art. <span class=\"_ _e\"></span>1, <span class=\"_ _3\"></span>co. <span class=\"_ _e\"></span>1026 <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>ss., <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>ate <span class=\"_ _3\"></span>introdotte <span class=\"_ _e\"></span>specifich<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>previsioni <span class=\"_ _3\"></span>volte <span class=\"_ _e\"></span>al <span class=\"_ _3\"></span>rilascio <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>parte <span class=\"_ _3\"></span>degli </span>operatori <span class=\"_ _4\"> </span>televisivi<span class=\"_ _1\"></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=\"_ _f\"> </span>della <span class=\"_ _4\"> </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=\"_ _f\"> </span>\u201cbanda <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 alla <span class=\"_ _3\"></span>conseguente riorganizzazione<span class=\"_ _1\"></span> dei diritti d\u2019uso deg<span class=\"_ _1\"></span>li opera<span class=\"_ _1\"></span>tori televisivi <span class=\"_ _1\"></span>esistenti sul r<span class=\"_ _1\"></span>imanente spe<span class=\"_ _1\"></span>ttro televisivo (<span class=\"_ _1\"></span>\u201crefarming\u201d). <span class=\"ff1f\"> </span>In particolare, ne<span class=\"_ _1\"></span>lla Legge di Bi<span class=\"_ _1\"></span>lancio 2018 \u00e8, <span class=\"_ _1\"></span>tra l\u2019altr<span class=\"_ _1\"></span>o, previsto che: <span class=\"ff1f\"> </span>a) <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>frequenze<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>della <span class=\"_ _3\"></span>banda <span class=\"_ _e\"></span>700 <span class=\"_ _3\"></span>devono <span class=\"_ _e\"></span>essere <span class=\"_ _e\"></span>comple<span class=\"_ _1\"></span>tamente <span class=\"_ _3\"></span>rilasciate <span class=\"_ _e\"></span>dagli <span class=\"_ _3\"></span>operatori <span class=\"_ _e\"></span>televis<span class=\"_ _1\"></span>ivi <span class=\"_ _e\"></span>entro <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>30 giugno 2022; <span class=\"_ _1\"></span> b) i mux di f<span class=\"_ _1\"></span>requenze nazio<span class=\"_ _1\"></span>nali adottino<span class=\"_ _1\"></span> lo standard d<span class=\"_ _1\"></span>igitale te<span class=\"_ _1\"></span>rrestre DV<span class=\"_ _1\"></span>B-T2, introducendo una conve<span class=\"_ _1\"></span>rsione transitoria <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>diritti <span class=\"_ _e\"></span>d'uso <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>mux <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>frequenze <span class=\"_ _e\"></span>nazionali <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>diritti <span class=\"_ _e\"></span>d'uso <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>capacit\u00e0 <span class=\"_ _e\"></span>trasmissiva, <span class=\"_ _e\"></span>ai <span class=\"_ _e\"></span>fini <span class=\"_ _e\"></span>della successiva riasse<span class=\"_ _1\"></span>gnazione;  c) <span class=\"_ _1\"></span>l\u2019assegnazione<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>diritti <span class=\"_ _2\"></span>d\u2019uso (i<span class=\"_ _1\"></span>n en<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>it\u00e0 <span class=\"_ _2\"></span>equivalente <span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>due mux) <span class=\"_ _2\"></span>non de<span class=\"_ _1\"></span>rivanti <span class=\"_ _2\"></span>dalla sudde<span class=\"_ _1\"></span>tta <span class=\"_ _1\"></span>conversione <span class=\"_ _2\"></span>dei diritti d\u2019uso orig<span class=\"_ _1\"></span>inari s<span class=\"ff1f\">ono assegnat<span class=\"_ _1\"></span>i mediante p<span class=\"_ _1\"></span>rocedura on<span class=\"_ _1\"></span>erosa.  </span>In <span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>tuazione <span class=\"_ _3\"></span>della <span class=\"_ _e\"></span>predetta<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>legge, <span class=\"_ _3\"></span>l\u2019Agcom <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>Mise <span class=\"_ _3\"></span>hanno <span class=\"_ _e\"></span>adottato <span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>provvedi<span class=\"_ _1\"></span>menti <span class=\"_ _3\"></span>conseguenti <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>ito <span class=\"_ _3\"></span>ai quali a <span class=\"_ _3\"></span>Cairo <span class=\"_ _3\"></span>Netwo<span class=\"_ _1\"></span>rk \u00e8 <span class=\"_ _3\"></span>stato assegnato un <span class=\"_ _3\"></span>diritto d\u2019uso se<span class=\"_ _3\"></span>nza specificazione delle frequenze, corrispon<span class=\"_ _3\"></span><span class=\"ff1f\">dente </span>alla met\u00e0 di un <span class=\"_ _1\"></span>mux (nel 20<span class=\"_ _1\"></span>19).  Inoltre, <span class=\"_\"> </span>al <span class=\"_\"> </span>termine <span class=\"_\"> </span>de<span class=\"_ _1\"></span>lla <span class=\"_\"> </span>procedura <span class=\"_\"> </span>onerosa, <span class=\"_\"> </span>vo<span class=\"_ _1\"></span>lta <span class=\"_\"> </span>all\u2019assegnaz<span class=\"_ _1\"></span>ione <span class=\"_\"> </span>dei <span class=\"_\"> </span>diritti <span class=\"_ _12\"> </span>d\u2019uso <span class=\"_\"> </span>non <span class=\"_\"> </span>derivanti <span class=\"_\"> </span>dalla conversione <span class=\"_ _2\"></span>dei <span class=\"_ _0\"></span>diritti <span class=\"_ _2\"></span>d\u2019uso <span class=\"_ _2\"></span>attuali, <span class=\"_ _0\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Mise, <span class=\"_ _0\"></span>con <span class=\"_ _2\"></span>determina <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>2 <span class=\"_ _0\"></span>luglio <span class=\"_ _2\"></span>2021, <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>comunica<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>Cair<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>Networ<span class=\"ff1f ls6\">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 alla <span class=\"_ _3\"></span>met\u00e0 <span class=\"_ _3\"></span>di un <span class=\"_ _2\"></span>multiplex <span class=\"_ _2\"></span>nazionale <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>nuova <span class=\"_ _2\"></span>pianif<span class=\"_ _1\"></span>icazione <span class=\"_ _2\"></span>e, <span class=\"_ _2\"></span>successivam<span class=\"_ _1\"></span>ente, <span class=\"_ _2\"></span>Cairo <span class=\"_ _2\"></span>Network,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>proceduto <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>pagamento<span class=\"_ _1\"></span> di met\u00e0 <span class=\"_ _3\"></span>dell\u2019importo offerto in s<span class=\"_ _3\"></span><span class=\"ff1f\">ede di <span class=\"_ _3\"></span>gara (con <span class=\"_ _3\"></span>riserva) e <span class=\"_ _3\"></span>ha chiesto l<span class=\"_ _3\"></span>a prevista rateizzazione del residuo (in </span>tre <span class=\"_ _6\"> </span>rate <span class=\"_ _7\"> </span>annuali). <span class=\"_ _6\"></span>In <span class=\"_ _6\"> </span>data <span class=\"_ _7\"> </span>6 <span class=\"_ _6\"> </span>agosto <span class=\"_ _7\"> </span>2021 <span class=\"_ _6\"> </span>il <span class=\"_ _7\"> </span>Mise <span class=\"_ _6\"> </span>per <span class=\"_ _7\"> </span>effetto <span class=\"_ _6\"> </span>della <span class=\"_ _6\"> </span>combinazione <span class=\"_ _6\"></span>dei <span class=\"_ _7\"> </span>due <span class=\"_ _6\"> </span>diritti <span class=\"_ _6\"> </span>d\u2019uso <span class=\"_ _7\"> </span>senza specificazione <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>frequenze <span class=\"_ _11\"></span>ha <span class=\"_ _6\"></span>qui<span class=\"_ _3\"></span>ndi <span class=\"_ _11\"></span>comunicato <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>provvedimento <span class=\"_ _11\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _6\"> </span>assegnazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"></span>d\u2019uso <span class=\"_ _11\"></span>delle frequenze ai fini de<span class=\"_ _1\"></span>ll\u2019esercizio dell<span class=\"_ _1\"></span>a rete naziona<span class=\"_ _1\"></span>le del PNAF denom<span class=\"_ _1\"></span>inata \u201cRete nazion<span class=\"_ _1\"></span>ale n. 10\u201d fino al 203<span class=\"_ _1\"></span>2 (durata di due an<span class=\"_ _1\"></span>ni inferiore rispe<span class=\"_ _1\"></span>tto a quella de<span class=\"_ _1\"></span>l diritto ori<span class=\"_ _1\"></span>ginariamente a<span class=\"_ _1\"></span>cquistato nel 2<span class=\"_ _1\"></span>014).  Cairo <span class=\"_ _7\"></span>Network <span class=\"_ _7\"> </span>\u00e8 <span class=\"_ _7\"> </span>stata <span class=\"_ _a\"> </span>udita <span class=\"_ _7\"> </span>nell\u2019amb<span class=\"_ _1\"></span>ito <span class=\"_ _7\"> </span>dei <span class=\"_ _7\"> </span>vari <span class=\"_ _7\"> </span>pr<span class=\"_ _3\"></span>ocediment<span class=\"_ _1\"></span>i <span class=\"_ _7\"> </span>e <span class=\"_ _a\"> </span>ha <span class=\"_ _7\"> </span>partecipa<span class=\"_ _1\"></span>to <span class=\"_ _7\"> </span>alle <span class=\"_ _7\"> </span>relative <span class=\"_ _7\"> </span>consultazioni pubbliche, <span class=\"_ _2\"></span>evidenziando <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>considerazioni <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>carattere <span class=\"_ _2\"></span>giuridico <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>tecnico <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>depongono <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>l\u2019esclusio<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span>della Societ\u00e0 <span class=\"_ _2\"></span>dall\u2019applicazione <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>Legge <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>Bila<span class=\"_ _3\"></span><span class=\"ff1f\">ncio <span class=\"_ _2\"></span>(e, <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>particolare, <span class=\"_ _1\"></span>dal <span class=\"_ _2\"></span>procedimento <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>conversione d<span class=\"_ _2\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>diritto </span>d\u2019uso originario e d<span class=\"_ _1\"></span>i assegnazione de<span class=\"_ _1\"></span>i diritti d\u2019uso <span class=\"_ _1\"></span>di nuova pian<span class=\"_ _1\"></span>ificazione), al<span class=\"_ _1\"></span>legando anche docum<span class=\"_ _1\"></span>entazion<span class=\"_ _1\"></span>e a supporto.  Cairo <span class=\"_ _e\"></span>Network <span class=\"_ _e\"></span>ha <span class=\"_ _11\"></span>poi <span class=\"_ _e\"></span>impugnato <span class=\"_ _e\"></span>anche <span class=\"_ _e\"></span>le <span class=\"_ _11\"></span>delibere <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>i <span class=\"_ _11\"></span>provvedimen<span class=\"ff22\">ti <span class=\"_ _11\"></span>dell\u2019Agcom <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>del <span class=\"_ _11\"></span>Mise, <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>attuazione </span>della <span class=\"_ _e\"></span>Legge <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>Bilancio, <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>r<span class=\"_ _3\"></span>icorsi <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span>Tar <span class=\"_ _e\"></span>Lazio, <span class=\"_ _11\"></span>Roma, <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>successivi <span class=\"_ _e\"></span>motivi <span class=\"_ _11\"></span>aggiunti <span class=\"_ _e\"></span>(r.g. <span class=\"_ _e\"></span>n. <span class=\"_ _11\"></span>6740/2018, <span class=\"_ _e\"></span>n. 7017/18, <span class=\"_ _3\"></span>n. <span class=\"_ _e\"></span>440/2021 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>6040/2021), <span class=\"_ _3\"></span>con <span class=\"_ _e\"></span>cui <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>stati <span class=\"_ _3\"></span>dedotti <span class=\"_ _e\"></span>anche <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>giudice <span class=\"_ _3\"></span>amministrativo <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _e\"></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=\"_ _1\"></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>provvedim<span class=\"_ _1\"></span>enti impugnati.   <span class=\"_ _1\"></span> Il TAR Lazio, con sentenze pubblicat<span class=\"_ _1\"></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 di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>annullamento, sia <span class=\"_ _3\"></span>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. n. <span class=\"_ _3\"></span>4335 e <span class=\"_ _3\"></span>n. <span class=\"_ _3\"></span>4334, le cui udienze di d<span class=\"_ _1\"></span>iscussione s<span class=\"_ _1\"></span>ono fissate per <span class=\"_ _1\"></span>l\u20198 giugno 2023). <span class=\"ff1f\"> </span>Da <span class=\"_ _7\"></span>ultimo, <span class=\"_ _7\"></span>il <span class=\"_ _a\"></span>MISE<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>ha <span class=\"_ _a\"></span>pubbli<span class=\"_ _1\"></span>cato <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>data <span class=\"_ _7\"></span>8 <span class=\"_ _a\"></span>febbra<span class=\"_ _1\"></span>io <span class=\"_ _7\"></span>2022 <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>decreto <span class=\"_ _7\"></span>relativo <span class=\"_ _a\"></span>a<span class=\"_ _1\"></span>lle <span class=\"_ _7\"></span>misure <span class=\"_ _7\"></span>compensative <span class=\"_ _7\"></span>a beneficio deg<span class=\"_ _1\"></span>li operato<span class=\"_ _1\"></span>ri di <span class=\"_ _2\"></span>rete per i cos<span class=\"_ _1\"></span>ti sos<span class=\"_ _1\"></span>tenuti per<span class=\"_ _1\"></span> la pre<span class=\"_ _1\"></span>disposizione <span class=\"_ _1\"></span>di i<span class=\"_ _1\"></span>mpianti d<span class=\"_ _1\"></span>i tras<span class=\"_ _1\"></span>missione <span class=\"_ _1\"></span>idonei a garantire <span class=\"_ _1\"></span>lo standa<span class=\"_ _1\"></span>rd d<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>smissione T2<span class=\"_ _1\"></span>, che <span class=\"_ _2\"></span>Cairo Network <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>impugnato <span class=\"_ _2\"></span>con ricorso <span class=\"_ _1\"></span>al T<span class=\"_ _1\"></span>ar, pend<span class=\"_ _1\"></span>ente (<span class=\"_ _1\"></span>r.g. n<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span> 4515/2022).  Cairo <span class=\"_ _3\"></span>Network <span class=\"_ _3\"></span> \u00e8 <span class=\"_ _e\"></span>in <span class=\"_ _3\"></span>procin<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>avviare azioni, <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>caratte<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>giudiziale <span class=\"_ _3\"></span>(e <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>aggi<span class=\"_ _3\"></span>unta <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>contenziosi <span class=\"_ _3\"></span>gi\u00e0 promossi), <span class=\"_ _3\"></span>volte <span class=\"_ _e\"></span>a <span class=\"_ _3\"></span>ottenere <span class=\"_ _e\"></span>il <span class=\"_ _3\"></span>risarcimento <span class=\"_ _e\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>danni <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>pregiudizi <span class=\"_ _3\"></span>subiti <span class=\"_ _e\"></span>(i) <span class=\"_ _e\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>pagamento<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>richies<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>per<span class=\"_ _3\"></span> riot<span class=\"ff22\">tenere <span class=\"_ _2\"></span>la tito<span class=\"_ _1\"></span>larit\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>un <span class=\"_ _2\"></span>diritto d<span class=\"_ _2\"></span>\u2019<span class=\"_ _3\"></span>uso <span class=\"_ _2\"></span>di frequenze<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>Cairo avev<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>gi\u00e0 <span class=\"_ _1\"></span>paga<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>esito alla<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>procedura <span class=\"_ _2\"></span>di gar<span class=\"_ _1\"></span>a </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>diversa <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>nuovo <span class=\"_ _3\"></span>diritto <span class=\"_ _3\"></span>d\u2019uso e <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>ii) <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>perdita <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>occasioni commerciali <span class=\"_ _3\"></span>subita negli <span class=\"_ _12\"> </span>ultimi <span class=\"_ _12\"> </span>anni <span class=\"_\"> </span> per <span class=\"_ _12\"> </span>effetto <span class=\"_ _12\"> </span>dell\u2019incertezza <span class=\"_ _12\"> </span>generat<span class=\"_ _1\"></span>a <span class=\"_\"> </span>da<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>la <span class=\"_ _12\"> </span>procedura <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>re<span class=\"_ _1\"></span>farming, <span class=\"_ _12\"> </span>iv) <span class=\"_\"> </span>p<span class=\"_ _2\"></span>er <span class=\"_\"> </span>essere <span class=\"_ _12\"> </span>stato discriminato <span class=\"_ _3\"></span>(sostanzialmente <span class=\"_ _e\"></span>unico <span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ra <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>operatori <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>rete) <span class=\"_ _e\"></span>dalle <span class=\"_ _e\"></span>misure <span class=\"_ _e\"></span>compensa<span class=\"_ _1\"></span>tive <span class=\"_ _e\"></span>previste <span class=\"_ _e\"></span>dal <span class=\"_ _3\"></span>decreto del Mise del 17 n<span class=\"_ _1\"></span>ovembre 2021 e pu<span class=\"_ _2\"></span>bblicato l\u20198 febbraio 2022.<span class=\"ff1f\"> </span>Allo <span class=\"_ _3\"></span>s<span class=\"ff22\">tato, non <span class=\"_ _3\"></span>\u00e8 ancora <span class=\"_ _3\"></span>possibile prevedere con <span class=\"_ _3\"></span>certezza l'effetto l<span class=\"_ _3\"></span>\u2019esito dei gi<span class=\"_ _3\"></span>udizi di <span class=\"_ _3\"></span>impugnazione al TAR </span>e al Consiglio d<span class=\"_ _1\"></span>i Stato e di quel<span class=\"_ _1\"></span>li che potranno <span class=\"_ _1\"></span>essere nel f<span class=\"_ _1\"></span>uturo intrap<span class=\"_ _1\"></span>resi Con <span class=\"_ _e\"></span>riferimento <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>contenzioso <span class=\"_ _e\"></span>relat<span class=\"_ _1\"></span>ivo <span class=\"_ _e\"></span>alla <span class=\"_ _e\"></span>operazion<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>compravend<span class=\"_ _1\"></span>ita <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>complesso <span class=\"_ _e\"></span>immobiliare <span class=\"_ _3\"></span>di <span class=\"_ _e\"></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=\"_ _1\"></span>zan <span class=\"_\"> </span>3 <span class=\"_\"> </span>realizzata <span class=\"_\"> </span>nel <span class=\"_\"> </span>201<span class=\"_ _1\"></span>3, <span class=\"_\"> </span>descritto <span class=\"_\"> </span>nel<span class=\"_ _1\"></span>la <span class=\"_\"> </span>Nota <span class=\"_\"> </span>39 <span class=\"_\"> </span>al <span class=\"_\"> </span>bilancio consolidato <span class=\"_ _e\"></span>nella <span class=\"_ _3\"></span>relazione <span class=\"_ _e\"></span>finanziaria<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>annuale <span class=\"_ _e\"></span>2021, <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>15 <span class=\"_ _e\"></span>luglio <span class=\"_ _e\"></span>RCS, <span class=\"_ _3\"></span>Kryalos <span class=\"_ _e\"></span>SGR <span class=\"_ _e\"></span>S.p.A. <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>nome <span class=\"_ _e\"></span>e per <span class=\"_ _e\"></span>conto <span class=\"_ _11\"></span>del <span class=\"_ _e\"></span>Fondo <span class=\"_ _e\"></span>Delphine <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>Blackstone <span class=\"_ _e\"></span>(e <span class=\"_ _e\"></span>tutte <span class=\"_ _e\"></span>le <span class=\"_ _11\"></span>entit\u00e0 <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>gr<span class=\"_ _3\"></span>uppo <span class=\"_ _e\"></span>Blackstone <span class=\"_ _e\"></span>attrici <span class=\"_ _e\"></span>nei <span class=\"_ _e\"></span>procedimenti<span class=\"_ _1\"></span> intentati a <span class=\"_ _3\"></span>New <span class=\"_ _3\"></span>York) hanno <span class=\"_ _3\"></span>definito <span class=\"_ _3\"></span>transattivament<span class=\"_ _1\"></span>e l<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>controversie. L\u2019accordo raggiunto ha <span class=\"_ _3\"></span>comportato <span class=\"_ _3\"></span>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 negli <span class=\"_ _e\"></span>Sta<span class=\"_ _1\"></span>ti <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, la <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>eciproca rinuncia <span class=\"_ _2\"></span>a ogni<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>pretesa, <span class=\"_ _2\"></span>azione, <span class=\"_ _1\"></span>danno <span class=\"_ _2\"></span>in r<span class=\"_ _1\"></span>elazione <span class=\"_ _2\"></span>alla c<span class=\"_ _2\"></span>om<span class=\"_ _3\"></span>pravendita<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>2013 <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>alle <span class=\"_ _2\"></span>azioni <span class=\"_ _1\"></span>intraprese<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>da <span class=\"_ _2\"></span>RCS in <span class=\"_ _3\"></span>relazione <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>essa.  <span class=\"_ _e\"></span>RCS ha <span class=\"_ _e\"></span>corrispos<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contributo <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>euro <span class=\"_ _3\"></span>10 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>alle <span class=\"_ _e\"></span>spes<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>sostenute <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>controparte. Inoltre, <span class=\"_ _a\"> </span>RCS <span class=\"_ _7\"> </span>ha <span class=\"_ _a\"> </span>acquistato<span class=\"_ _1\"></span>, <span class=\"_ _a\"> </span>al <span class=\"_ _7\"> </span>prezzo <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>euro <span class=\"_ _7\"> </span>59,9 <span class=\"_ _a\"> </span>milioni, <span class=\"_ _7\"> </span>l\u2019immobile <span class=\"_ _7\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>V<span class=\"_ _1\"></span>ia <span class=\"_ _7\"> </span>Solf<span class=\"_ _3\"></span>erino, <span class=\"_ _7\"> </span>sede <span class=\"_ _a\"> </span>storica <span class=\"_ _7\"> </span>del Corriere <span class=\"_ _12\"> </span>della <span class=\"_ _a\"> </span>Sera <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>parte <span class=\"_ _a\"> </span>del <span class=\"_ _12\"> </span>complesso <span class=\"_ _12\"> </span>im<span class=\"_ _1\"></span>mobiliare. <span class=\"_ _12\"> </span>Co<span class=\"_ _1\"></span>ntestualmen<span class=\"_ _1\"></span>te <span class=\"_ _12\"> </span>alla <span class=\"_ _a\"> </span>sottoscrizi<span class=\"_ _3\"></span>one <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>relativo contratto <span class=\"_ _6\"></span>preliminare <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>compravendita <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>mmobiliare, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _7\"></span>15 <span class=\"_ _6\"></span>luglio <span class=\"_ _7\"></span>2022 <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>ha <span class=\"_ _7\"></span>versato <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>Kryalos <span class=\"_ _6\"></span>un acconto <span class=\"_ _3\"></span>prezzo <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _e\"></span>10 <span class=\"_ _3\"></span>milioni. <span class=\"_ _3\"></span>L\u2019acquisto <span class=\"_ _3\"></span>dell\u2019immobile <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>stato <span class=\"_ _3\"></span>finalizzato <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span>19 <span class=\"_ _3\"></span>ottobre <span class=\"_ _e\"></span>2022, <span class=\"_ _3\"></span>con contestuale pag<span class=\"_ _1\"></span>amento del <span class=\"_ _1\"></span>saldo prezzo per eur<span class=\"_ _1\"></span>o 49,9 milioni. Con rife<span class=\"_ _1\"></span>rimento <span class=\"_ _1\"></span>agli <span class=\"_ _1\"></span>eventi <span class=\"_ _2\"></span>di RCS Sp<span class=\"_ _1\"></span>ort, <span class=\"_ _1\"></span>la re<span class=\"_ _1\"></span>lazione f<span class=\"_ _1\"></span>inanziaria annua<span class=\"_ _1\"></span>le 2022 <span class=\"_ _2\"></span>di RC<span class=\"_ _1\"></span>S, riman<span class=\"_ _1\"></span>dando a <span class=\"_ _2\"></span> quanto descritto <span class=\"_ _a\"> </span>nelle <span class=\"_ _a\"> </span>precedent<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>relazioni <span class=\"_ _a\"> </span>finanziarie <span class=\"_ _a\"></span>ann<span class=\"_ _1\"></span>uali <span class=\"_ _a\"> </span>pubblicate <span class=\"_ _a\"></span>negli <span class=\"_ _a\"></span>anni <span class=\"_ _7\"></span>dal <span class=\"_ _a\"> </span>31 <span class=\"_ _a\"> </span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _a\"> </span>2013 <span class=\"_ _a\"> </span>al <span class=\"_ _a\"> </span>31 dicembre <span class=\"_ _2\"></span>2021 <span class=\"_ _2\"></span>e n<span class=\"_ _1\"></span>ella <span class=\"_ _2\"></span>relazione <span class=\"_ _2\"></span>finanziaria <span class=\"_ _2\"></span><span class=\"ls49\">se<span class=\"_ _3\"></span><span class=\"ls0\">mestrale <span class=\"_ _2\"></span>2022, <span class=\"_ _2\"></span>riporta <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>quel <span class=\"_ _2\"></span>che <span class=\"_ _1\"></span>concerne <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>procedimento </span></span>penale <span class=\"_ _6\"></span>instaurato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>dell\u2019atto <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>querela <span class=\"_ _6\"></span>depositato <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>Sport <span class=\"_ _6\"></span>in <span class=\"_ _6\"> </span>data <span class=\"_ _6\"> </span>10 <span class=\"_ _6\"> </span>ottobre <span class=\"_ _6\"> </span>2013<span class=\"_ _e\"></span><span class=\"ff1f\">, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Corte </span>d\u2019<span class=\"ff1f\">A</span>ppello d<span class=\"_ _1\"></span>i Mi<span class=\"_ _1\"></span>lano all\u2019ud<span class=\"_ _1\"></span>ienza d<span class=\"_ _1\"></span>el 9 <span class=\"_ _1\"></span>luglio 2<span class=\"_ _1\"></span>021<span class=\"ff1f\"> aveva <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ideterminato <span class=\"_ _2\"></span>la pena in <span class=\"_ _1\"></span>anni 2 e <span class=\"_ _1\"></span>6 <span class=\"_ _1\"></span>mesi d<span class=\"_ _1\"></span>i rec<span class=\"_ _1\"></span>lusione </span>ed <span class=\"_ _3\"></span>Euro 600 di<span class=\"_ _3\"></span> multa <span class=\"_ _3\"></span>e <span class=\"ff22\">confermato la <span class=\"_ _3\"></span>sentenza di <span class=\"_ _3\"></span>condanna dell\u2019ex dipendente al r<span class=\"_ _3\"></span>isarcimento dei danni. <span class=\"_ _e\"></span></span>Nel corso de<span class=\"_ _1\"></span>ll\u2019esercizio <span class=\"_ _1\"></span>2022 l<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Cassazione <span class=\"_ _1\"></span>ha dic<span class=\"_ _1\"></span>hiarato <span class=\"_ _2\"></span>inammissibile il <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>icorso p<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>oposto <span class=\"_ _1\"></span>dell\u2019ex d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>pendente e <span class=\"_ _2\"></span>la sentenza \u00e8 passata <span class=\"_ _1\"></span>in giudicato. Con <span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>ferimento <span class=\"_ _2\"></span>al <span class=\"_ _1\"></span>contratto<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di comprave<span class=\"_ _1\"></span>ndita <span class=\"_ _2\"></span>di RCS <span class=\"_ _2\"></span>Libri <span class=\"_ _2\"></span>S.p.A., desc<span class=\"_ _1\"></span>ritto <span class=\"_ _2\"></span>nelle r<span class=\"_ _1\"></span>elazioni <span class=\"_ _2\"></span>finanziarie <span class=\"_ _2\"></span>annuali 2016-2021 <span class=\"_ _11\"></span><span class=\"ff22\">di <span class=\"_ _6\"></span>RCS, <span class=\"_ _e\"></span>e <span class=\"_ _6\"> </span>all\u2019<span class=\"ff24\">earn-out <span class=\"_ _11\"></span></span></span>ivi <span class=\"_ _6\"></span>previsto, <span class=\"_ _11\"></span>si <span class=\"_ _11\"></span>segnala <span class=\"_ _11\"></span>che <span class=\"_ _6\"></span>sono <span class=\"_ _11\"></span>state <span class=\"_ _11\"></span>attivate <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>sono <span class=\"_ _11\"></span><span class=\"ff22\">tutt\u2019ora</span> <span class=\"_ _e\"></span><span class=\"ls2\">in</span> <span class=\"_ _11\"></span>corso <span class=\"_ _11\"></span><span class=\"ls16\">le</span> procedure necessari<span class=\"_ _1\"></span>e <span class=\"ls4\">ad</span> accertare <span class=\"ls2\">la</span> sussistenza<span class=\"_ _1\"></span> <span class=\"ls7\">(o</span> <span class=\"ff22\">meno) <span class=\"_ _3\"></span>dei presupposti all\u2019erogazione di <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span><span class=\"ff24\">earn-out </span></span>e, in tal caso, alla sua <span class=\"_ _1\"></span>determina<span class=\"_ _1\"></span>zione, cos\u00ec com<span class=\"_ _1\"></span>e stabilito nel cont<span class=\"_ _1\"></span>ratto di cess<span class=\"_ _1\"></span>ione. Di seguito si elencano<span class=\"_ _1\"></span> le principali g<span class=\"_ _1\"></span>aranzie prestate d<span class=\"_ _1\"></span>al Gru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o:<span class=\"_ _2\"></span> <span class=\"ff1f fc0 ls77\">le<span class=\"ls0\"> f<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>j<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>av<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>ss<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> E<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> 26,3 <span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span><span class=\"ls64\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o <span class=\"_ _0\"></span><span class=\"ls1\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>E<span class=\"_ _2\"></span>ur<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>3,<span class=\"_ _2\"></span>5 <span class=\"_ _2\"></span>mi<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i </span></span></span></span></span></span>ri<span class=\"_ _2\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ff22\">al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _2\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>o<span class=\"ff1f\"> <span class=\"_ _6\"></span>pr<span class=\"_ _2\"></span>ec<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>e.<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pr<span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ip<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>te<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pe<span class=\"_ _2\"></span>r <span class=\"_ _6\"></span><span class=\"ls4d\">le</span> <span class=\"_ _6\"></span>fi<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>iu<span class=\"_ _2\"></span>ss<span class=\"_ _1\"></span>io<span class=\"_ _2\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>as<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>at<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>dal <span class=\"_ _11\"></span>gr<span class=\"_ _1\"></span>upp<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>m-<span class=\"_ _1\"></span>Dis<span class=\"_ _2\"></span> <span class=\"_ _6\"></span><span class=\"ls3\">ad</span> <span class=\"_ _6\"></span>oper<span class=\"_ _1\"></span>ato<span class=\"_ _2\"></span>ri <span class=\"_ _6\"></span><span class=\"ls6\">di</span> </span></span>tele<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ia <span class=\"_ _12\"> </span>a <span class=\"_\"> </span>ga<span class=\"_ _2\"></span>ranzi<span class=\"_ _2\"></span>a <span class=\"_\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_\"> </span>c<span class=\"_ _2\"></span>orre<span class=\"_ _1\"></span>tto <span class=\"_ _12\"> </span>ade<span class=\"_ _2\"></span>mpime<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>dei<span class=\"_ _1\"></span> <span class=\"_\"> </span>c<span class=\"_ _2\"></span>ontra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_ _f\"> </span>distribuzione<span class=\"ls54\">. <span class=\"_ _16\"> </span></span>La<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>vo<span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>inoltr<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>comprende<span class=\"_ _1\"></span> fidejussioni <span class=\"_ _12\"> </span>prestate <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>favore <span class=\"_ _12\"> </span>dell\u2019A<span class=\"_ _1\"></span>mministrazion<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>Pubblica <span class=\"_ _12\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _12\"> </span>altri <span class=\"_ _12\"> </span>enti <span class=\"_ _12\"> </span>pubblici <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span>manifestazioni <span class=\"_ _a\"> </span>di concorsi <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>premi, <span class=\"_ _2\"></span>concessio<span class=\"_ _1\"></span>ni <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>contenziosi. <span class=\"ff1f fc0 ls2\">le<span class=\"ls0\"> alt<span class=\"_ _1\"></span>re garanzi<span class=\"_ _1\"></span>e sono <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Euro 16,2 <span class=\"_ _2\"></span>milioni, <span class=\"ls2\">in</span> <span class=\"_ _1\"></span>incre<span class=\"_ _1\"></span>mento <span class=\"ls6\">di</span> Euro <span class=\"_ _1\"></span>4,2 <span class=\"_ _1\"></span>milioni r<span class=\"_ _1\"></span>ispetto <span class=\"ls4\">al<span class=\"_ _1\"></span><span class=\"ls0\"> 31 <span class=\"_ _3\"></span>dicembre 2021<span class=\"_ _3\"></span> </span></span></span></span>per <span class=\"_ _e\"></span>nuove <span class=\"_ _3\"></span>garanzie <span class=\"_ _3\"></span>rilasciate <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>favore dell\u2019Agenzia <span class=\"_ _e\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _e\"></span>En<span class=\"_ _1\"></span>trate <span class=\"_ _3\"></span>per <span class=\"_ _e\"></span>Crediti <span class=\"_ _3\"></span>IVA<span class=\"ff1f\"> (Euro <span class=\"_ _2\"></span>3,9 mi<span class=\"_ _1\"></span>lioni). <span class=\"_ _2\"></span><span class=\"ls8\">La<span class=\"ls0\"> voce<span class=\"_ _1\"></span> </span></span></span>inoltre <span class=\"_ _2\"></span>comprende <span class=\"_ _0\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>manleva <span class=\"_ _2\"></span>rilasciata <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>favore <span class=\"_ _2\"></span><span class=\"ff22\">dell\u2019A<span class=\"_ _2\"></span>genz<span class=\"_ _3\"></span>ia per lo Sviluppo dell\u2019Editoria e a f<span class=\"_ _3\"></span>avore di SIAE </span></span></span>per rimborsi ricevu<span class=\"_ _1\"></span>ti. <span class=\"ff1f fc0\">gli <span class=\"_ _2\"></span>impegni <span class=\"_ _0\"></span>ammontano <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>3 <span class=\"_ _2\"></span>milioni, <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>diminuzione <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>0<span class=\"ff22\">,4 <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _2\"></span>risp<span class=\"_ _1\"></span>etto <span class=\"_ _2\"></span>all\u2019eserc<span class=\"_ _1\"></span>izio <span class=\"_ _2\"></span>preceden<span class=\"_ _1\"></span>te. </span></span>La <span class=\"_ _12\"> </span>voce <span class=\"_ _a\"> </span>comprende <span class=\"_ _12\"> </span>gli <span class=\"_ _12\"> </span>impegni <span class=\"_ _a\"> </span>contrattuali <span class=\"_ _12\"> </span>(esist<span class=\"_ _1\"></span>enti <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>potenziali) <span class=\"_ _12\"> </span>relat<span class=\"_ _1\"></span>ivi <span class=\"_ _12\"> </span>al <span class=\"_ _a\"> </span>per<span class=\"_ _3\"></span>sonale <span class=\"_ _12\"> </span>e <span class=\"_ _a\"> </span>si <span class=\"_ _12\"> </span>riferiscono unicamente <span class=\"_ _11\"></span>ad <span class=\"_ _6\"></span>accordi <span class=\"_ _11\"></span>in <span class=\"_ _6\"></span>vigore <span class=\"_ _6\"></span>al <span class=\"_ _11\"></span>31<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dicembre <span class=\"_ _11\"></span>2022 <span class=\"_ _6\"></span>soggetti <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>clausole <span class=\"_ _11\"></span>contrattuali <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>quella <span class=\"_ _6\"></span>data <span class=\"_ _11\"></span>sotto <span class=\"_ _6\"></span>il controllo esclus<span class=\"_ _1\"></span>ivo del Gru<span class=\"_ _1\"></span>ppo. Tali impegn<span class=\"_ _1\"></span>i sono sottoscr<span class=\"_ _1\"></span>itti con parti <span class=\"_ _1\"></span>correlate p<span class=\"_ _1\"></span>er Euro 0,7 milioni. Si evidenzia<span class=\"_ _1\"></span> inolt<span class=\"_ _1\"></span>re che <span class=\"_ _1\"></span>nell<span class=\"_ _1\"></span>\u2019ambito de<span class=\"_ _1\"></span>lle c<span class=\"_ _1\"></span>essioni o <span class=\"_ _2\"></span>conferimenti di p<span class=\"_ _2\"></span>artecipaz<span class=\"_ _3\"></span>ioni o <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ami <span class=\"_ _1\"></span>d\u2019azienda <span class=\"_ _2\"></span>effettuate dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>RCS, <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>ha <span class=\"_ _7\"></span>concesso <span class=\"_ _7\"></span>garanzie <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>evalentement<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>natura <span class=\"_ _7\"></span>fiscale, <span class=\"_ _6\"></span>previdenziale <span class=\"_ _6\"></span>e lavoristiche anco<span class=\"_ _1\"></span>ra attive. T<span class=\"_ _1\"></span>ali garanzie s<span class=\"_ _1\"></span>ono state ri<span class=\"_ _1\"></span>lasciate secondo us<span class=\"_ _1\"></span>i e condizioni d<span class=\"_ _1\"></span>i mercato. Ai <span class=\"_ _6\"></span>sensi <span class=\"_ _6\"></span>dell\u2019art. <span class=\"_ _11\"></span>1 <span class=\"_ _6\"> </span>commi <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>125 <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>129 <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>Legge <span class=\"_ _11\"></span>4 <span class=\"_ _6\"> </span>agost<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>20<span class=\"_ _3\"></span><span class=\"ff1f\">17 <span class=\"_ _6\"></span>n. <span class=\"_ _6\"></span>124, <span class=\"_ _6\"></span>relativa<span class=\"_ _1\"></span>mente <span class=\"_ _6\"></span>agli <span class=\"_ _6\"></span>obblighi <span class=\"_ _11\"></span>di </span>pubblicazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>sovvenzi<span class=\"_ _1\"></span>oni, <span class=\"_ _6\"></span>contributi, <span class=\"_ _6\"></span>incarichi <span class=\"_ _11\"></span>retribuiti <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>comunque <span class=\"_ _11\"></span>vantaggi <span class=\"_ _6\"></span>economici <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>qualunque genere <span class=\"_ _e\"></span>ricevuti <span class=\"_ _3\"></span>dalle <span class=\"_ _e\"></span>pubbliche <span class=\"_ _e\"></span>amministr<span class=\"_ _1\"></span>azioni, <span class=\"_ _3\"></span> <span class=\"_ _11\"></span>si <span class=\"_ _e\"></span>segnala <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>Enti <span class=\"_ _3\"></span>erogatori <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>tenuti <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>pubblicare <span class=\"_ _e\"></span><span class=\"ls16\">i </span>contributi <span class=\"_ _251\"> </span>sul <span class=\"_ _251\"> </span>Registro <span class=\"_ _251\"> </span>nazionale <span class=\"_ _251\"> </span>degli <span class=\"_ _251\"> </span>aiuti, <span class=\"_ _251\"> </span>accessibile <span class=\"_ _251\"> </span>al <span class=\"_ _251\"> </span>seguente <span class=\"_ _251\"> </span>indirizzo:<span class=\"_ _3\"></span>  in materia di aiu<span class=\"_ _1\"></span>ti di Stato e d<span class=\"_ _1\"></span>i aiuti de m<span class=\"_ _1\"></span>inimis. 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) si<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>segnala l\u2019indicazione<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _3\"></span>relativa <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>riconoscimento </span>del <span class=\"_ _6\"></span>credito <span class=\"_ _11\"></span>d\u2019imposta <span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>favore <span class=\"_ _6\"> </span>delle <span class=\"_ _6\"></span>imprese <span class=\"_ _11\"></span>editrici <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>quotidiani <span class=\"_ _11\"></span>e <span class=\"_ _6\"> </span>di <span class=\"_ _6\"></span>periodici <span class=\"_ _11\"></span>per <span class=\"_ _6\"> </span>le <span class=\"_ _6\"></span>spese <span class=\"_ _11\"></span>sostenute <span class=\"_ _6\"> </span>per l'acquisto della ca<span class=\"_ _1\"></span>rta e per la distr<span class=\"_ _1\"></span>ibuzione de<span class=\"_ _1\"></span>lle testate <span class=\"_ _1\"></span>edite Si <span class=\"_ _6\"></span>evidenzia <span class=\"_ _11\"></span>inoltre <span class=\"_ _6\"></span>che <span class=\"_ _11\"></span>non <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _11\"></span>considerati <span class=\"_ _6\"></span>gli <span class=\"_ _11\"></span>importi <span class=\"_ _6\"></span>inerenti <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>transazioni <span class=\"_ _11\"></span>commerciali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>realizzate<span class=\"_ _1\"></span> nell\u2019esercizio che p<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>evedono un co<span class=\"_ _1\"></span>rrispettivo. 40. R<span class=\"_ _2\"></span>apport<span class=\"_ _2\"></span>i con<span class=\"_ _1\"></span> pa<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>i c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>late<span class=\"_ _1\"></span> In <span class=\"_ _1\"></span>adempimento <span class=\"_ _2\"></span>a qua<span class=\"_ _1\"></span>nto <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ichiesto <span class=\"_ _2\"></span>con co<span class=\"_ _1\"></span>municazione <span class=\"_ _2\"></span>Consob a<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>sensi dell\u2019a<span class=\"_ _1\"></span>rticolo <span class=\"_ _2\"></span>114, comma<span class=\"ff1f\"> <span class=\"_ _0\"></span>5, <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _0\"></span><span class=\"ls15\">D.<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>Lgs. </span></span></span>n.58/98, protocollo <span class=\"_ _3\"></span>numero 13046378 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>27 <span class=\"_ _3\"></span>maggio <span class=\"_ _3\"></span>2013, <span class=\"ls33\">si</span> <span class=\"_ _3\"></span>riportano <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>nota <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>rapporti <span class=\"_ _7\"></span>verso <span class=\"_ _6\"></span>parti correlate del Gruppo<span class=\"_ _1\"></span>. Le<span class=\"ls0\"> proc<span class=\"_ _1\"></span>edure <span class=\"_ _1\"></span>adottate <span class=\"_ _2\"></span>dal Gruppo <span class=\"_ _2\"></span>per <span class=\"ls2\">le</span> <span class=\"_ _2\"></span>operazioni <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>par<span class=\"_ _3\"></span>ti co<span class=\"_ _1\"></span>rrelate, <span class=\"_ _2\"></span><span class=\"ls4\">ai<span class=\"ls0\"> fini <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> assi<span class=\"_ _1\"></span>curarne la trasparenza e la </span></span></span></span></span>correttezza <span class=\"_ _3\"></span>sostanziale <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>procedural<span class=\"_ _1\"></span>e, <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>informativa <span class=\"_ _e\"></span><span class=\"ff22\">nella <span class=\"_ _3\"></span>\u201cRelazione</span> sul <span class=\"_ _3\"></span>Governo Societario e gli <span class=\"_ _6\"></span>Assetti <span class=\"_ _6\"></span><span class=\"ff22\">Proprietari\u201d</span> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>consultabili <span class=\"_ _6\"></span>sul <span class=\"_ _6\"></span>sito <span class=\"_ _6\"></span>della <span class=\"_ _a\"></span>socie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"> </span>nella <span class=\"_ _7\"></span>sezione<span class=\"_ _1\"></span> Corporate Governan<span class=\"_ _1\"></span>ce<span class=\"ff1f\">. </span>Le <span class=\"_ _2\"></span>operazioni <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>parti <span class=\"_ _2\"></span>correlate <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>maggiore <span class=\"_ _2\"></span>rilevanza <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>riservate <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>competenza <span class=\"_ _2\"></span>esclusiva <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Consiglio di <span class=\"_ _12\"> </span>Amministrazione <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>possono <span class=\"_ _12\"> </span>formare <span class=\"_ _12\"> </span>oggetto <span class=\"_ _12\"> </span><span class=\"ls6\">di</span> <span class=\"_\"> </span>delega. Tali operazioni, cos\u00ec come <span class=\"_ _3\"></span>anche talune <span class=\"_ _3\"></span>di quelle <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minore <span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>ilevanza,<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>sottoposte <span class=\"_ _7\"></span>al <span class=\"_ _a\"></span>preven<span class=\"_ _1\"></span>tivo <span class=\"_ _7\"></span>parere <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Comitato <span class=\"_ _7\"></span>per <span class=\"_ _a\"></span>le <span class=\"_ _6\"></span>operazioni <span class=\"_ _7\"></span>con <span class=\"_ _a\"> </span>par<span class=\"_ _1\"></span>ti correlate ivi previ<span class=\"_ _1\"></span>sto. Sono state identif<span class=\"_ _1\"></span>icate come par<span class=\"_ _1\"></span>ti cor<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span>late:<span class=\"_ _2\"></span> <span class=\"ff1f fs7 fc0 ls2\">le<span class=\"ls0\"> <span class=\"_ _11\"></span>entit\u00e0 <span class=\"_ _e\"></span>controllanti <span class=\"_ _e\"></span>dirette <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>indirette <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>Cairo <span class=\"_ _e\"></span>Communication <span class=\"_ _e\"></span>S.p.A., <span class=\"_ _e\"></span></span>le<span class=\"ls0\"> <span class=\"_ _11\"></span>loro <span class=\"_ _e\"></span>controllate, <span class=\"_ _e\"></span>le <span class=\"_ _7\"></span>collegate <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>e </span></span>consociate <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>Gruppo, <span class=\"_ _3\"></span>cos\u00ec <span class=\"_ _e\"></span>come r<span class=\"_ _3\"></span>iportato <span class=\"_ _3\"></span>nell\u2019elenco <span class=\"_ _3\"></span>allegato <span class=\"_ _e\"></span>alla <span class=\"_ _3\"></span>presente <span class=\"_ _e\"></span>R<span class=\"_ _1\"></span>elazione <span class=\"_ _3\"></span>Finanziaria <span class=\"_ _3\"></span>Annuale (\u201cElenco <span class=\"_\"> </span>partec<span class=\"ff1f\">ipazioni <span class=\"_\"> </span>di <span class=\"_ _16\"> </span>Gruppo <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>31 <span class=\"_ _16\"> </span>dicembre <span class=\"_\"> </span>2022</span>\u201d). <span class=\"_ _16\"> </span>La <span class=\"_ _16\"> </span>controllante <span class=\"_\"> </span>ultima <span class=\"_\"> </span>del<span class=\"_ _3\"></span> <span class=\"_\"> </span>Gruppo <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>U.T. Communication<span class=\"_ _1\"></span>s S.p.A.; amministratori, sinda<span class=\"_ _1\"></span>ci e dirigenti con responsabilit\u00e0 strat<span class=\"_ _1\"></span>egiche e i loro familiari st<span class=\"_ _1\"></span>ret<span class=\"_ _2\"></span>ti. Si<span class=\"ls0\"> fo<span class=\"_ _2\"></span>rnis<span class=\"_ _1\"></span>con<span class=\"_ _2\"></span>o n<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>seg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nti<span class=\"_ _2\"></span> ta<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>i d<span class=\"_ _2\"></span>ettag<span class=\"_ _2\"></span>li d<span class=\"_ _2\"></span>ei <span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ppo<span class=\"_ _2\"></span>rti <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>par<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>cor<span class=\"_ _1\"></span>rel<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>sudd<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>linee<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>bilancio. Sono </span>esclusi i rapporti <span class=\"_ _1\"></span>infragrupp<span class=\"_ _1\"></span>o eliminati nel pro<span class=\"_ _1\"></span>cesso di <span class=\"_ _1\"></span>consolidament<span class=\"_ _1\"></span>o. Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _1\"></span> e<span class=\"_ _11\"></span> attivit\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ieCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _1\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _1\"></span> Altr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> atti<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>)co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>cal<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiSo<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _36\"> </span><span class=\"fc0\"> <span class=\"_ _1e3\"> </span></span>0,<span class=\"_ _2\"></span>4So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>eg<span class=\"_ _1\"></span>ate<span class=\"_ _2d\"> </span><span class=\"fc0\"> <span class=\"_ _19\"> </span> <span class=\"_ _10d\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4</span>Al<span class=\"_ _2\"></span>tre c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>ate<span class=\"_ _90\"> </span><span class=\"fc0\"> <span class=\"_ _252\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8</span>Al<span class=\"_ _2\"></span>tre parti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>correl<span class=\"_ _2\"></span>ate<span class=\"_ _4e\"> </span><span class=\"fc0\">0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6</span>To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _82\"> </span> <span class=\"_ _253\"> </span>2<span class=\"_ _3\"></span>,8<span class=\"_ _22\"> </span>0,<span class=\"_ _3\"></span>4De<span class=\"_ _11\"></span>bi<span class=\"_ _1\"></span>ti e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>ivit\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ieDe<span class=\"_ _11\"></span>bi<span class=\"_ _1\"></span>ti co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> Altr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> pa<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>)e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span> altr<span class=\"_ _2\"></span>i d<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>bitif<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _e\"></span> co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiSo<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>iSo<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>eg<span class=\"_ _1\"></span>ate<span class=\"_ _1df\"> </span><span class=\"fc0\">10<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1</span>Al<span class=\"_ _2\"></span>tre c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>ate<span class=\"_ _254\"> </span><span class=\"fc0\">1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7</span>Al<span class=\"_ _2\"></span>tre parti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>correl<span class=\"_ _2\"></span>ate<span class=\"_ _1f\"> </span> To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _82\"> </span> <span class=\"_ _1b0\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8Ricavi e<span class=\"_ _11\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>s<span class=\"_ _11\"></span>tiRicavi o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tiv<span class=\"_ _3\"></span>iCo<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti o<span class=\"_ _e\"></span>p<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tiv<span class=\"_ _3\"></span>iPr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>nti<span class=\"_ _1\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>)f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iSo<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>iSo<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>eg<span class=\"_ _1\"></span>ate<span class=\"_ _4e\"> </span>(1<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>)0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5Al<span class=\"_ _2\"></span>tre c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>ate<span class=\"_ _1df\"> </span>(1,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>)0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2Al<span class=\"_ _2\"></span>tre parti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>correl<span class=\"_ _2\"></span>ate<span class=\"_ _255\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>)1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _bd\"> </span>(17<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)1<span class=\"_ _3\"></span>,7I <span class=\"_ _2\"></span>rapporti ve<span class=\"_ _1\"></span>rso <span class=\"_ _2\"></span>le soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _2\"></span>collegate <span class=\"_ _2\"></span>si rife<span class=\"_ _1\"></span>riscono <span class=\"_ _2\"></span>prevalentemen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>alle soc<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _2\"></span>collegate <span class=\"_ _2\"></span>appartenenti<span class=\"_ _3\"></span> <span class=\"_ _0\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>ruppo </span></span>Bermont, <span class=\"_ _6\"></span>verso <span class=\"_ _6\"></span><span class=\"ls2\">le</span> <span class=\"_ _6\"></span>quali, <span class=\"_ _6\"></span><span class=\"ls2\">le</span> <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>operano <span class=\"_ _6\"></span><span class=\"ls2\">in</span> <span class=\"_ _6\"></span>Spagna <span class=\"_ _12\"> </span>(Gruppo <span class=\"_ _12\"> </span>Unidad<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>Editorial), <span class=\"_ _12\"> </span>hanno<span class=\"_ _1\"></span> sostenuto costi ne<span class=\"_ _1\"></span>l 2022 per Euro <span class=\"_ _1\"></span>13,1 milioni e de<span class=\"_ _1\"></span>tengono debiti c<span class=\"_ _1\"></span>ommerciali pe<span class=\"_ _1\"></span>r Euro 9,1 milioni.<span class=\"fs0\"> </span>Si segna<span class=\"_ _1\"></span>lano ino<span class=\"_ _1\"></span>ltre rap<span class=\"_ _1\"></span>porti <span class=\"_ _1\"></span>con l<span class=\"_ _1\"></span>e socie<span class=\"_ _1\"></span>t\u00e0 va<span class=\"_ _1\"></span>lutate a <span class=\"_ _1\"></span>patri<span class=\"_ _1\"></span>monio ne<span class=\"_ _1\"></span>tto del G<span class=\"_ _1\"></span>ruppo <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>-Dis Dist<span class=\"_ _1\"></span>ribuzione <span class=\"_ _0\"></span>Media verso <span class=\"_ _1\"></span><span class=\"ls16\">le<span class=\"ls0\"> q<span class=\"_ _1\"></span>uali <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> so<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _2\"></span>del Gruppo <span class=\"_ _2\"></span>hanno <span class=\"_ _1\"></span>realizza<span class=\"_ _1\"></span>to n<span class=\"_ _2\"></span>el 2022 <span class=\"_ _2\"></span>ricavi pe<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>0,4 milioni <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sostenuto costi per </span></span></span></span>Euro <span class=\"_ _2\"></span>1,2 <span class=\"_ _0\"></span>milioni <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>tengono <span class=\"_ _0\"></span>crediti <span class=\"_ _2\"></span>commerciali <span class=\"_ _0\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>1,4 <span class=\"_ _2\"></span>milioni, <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>biti <span class=\"_ _2\"></span>commerci<span class=\"_ _1\"></span>ali <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>0,7 <span class=\"_ _2\"></span>mil<span class=\"_ _1\"></span>ioni. I rapporti con societ\u00e0 co<span class=\"_ _1\"></span>nsociate riguardano p<span class=\"_ _2\"></span>rincip<span class=\"_ _2\"></span>alme<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>:<span class=\"_ _1\"></span> <span class=\"ff22 fs7 fc0\">l\u2019accordo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>concessione <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>es<span class=\"_ _3\"></span>sere <span class=\"_ _e\"></span>tra <span class=\"_ _e\"></span>CAIRORC<span class=\"_ _1\"></span>S <span class=\"_ _e\"></span>Medi<span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>S.p.A. <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>Torino <span class=\"_ _e\"></span>FC <span class=\"_ _e\"></span>S.p.A. <span class=\"_ _e\"></span>(<span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _e\"></span>controllata <span class=\"_ _e\"></span>da </span>U.T. <span class=\"_ _2\"></span>Communications)<span class=\"_ _1\"></span>, <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>vendita <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>spazi <span class=\"_ _2\"></span>pubbli<span class=\"_ _1\"></span>citari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>bordo <span class=\"_ _2\"></span>campo <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>pacchett<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>sponsorizzazione<span class=\"_ _1\"></span> promo-pubblicitar<span class=\"_ _1\"></span>ia. <span class=\"_ _6\"></span>Per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>tale <span class=\"_ _7\"></span>contratto <span class=\"_ _6\"></span>nell\u2019<span class=\"_ _1\"></span>esercizio <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>state <span class=\"_ _6\"></span>riconosciute <span class=\"_ _11\"></span>al <span class=\"_ _6\"> </span>concedente <span class=\"_ _6\"> </span>quote editore <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>Euro 2,6<span class=\"_ _2\"></span> milioni <span class=\"_ _2\"></span>a fro<span class=\"_ _1\"></span>nte <span class=\"_ _2\"></span>di ricavi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>Euro<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>3,1 <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _2\"></span>al netto <span class=\"_ _2\"></span>degli <span class=\"_ _1\"></span>sconti <span class=\"_ _2\"></span>di a<span class=\"_ _1\"></span>genzia. <span class=\"_ _2\"></span>CAIRORCS Media S.p.A. ha m<span class=\"_ _1\"></span>aturato anche u<span class=\"_ _1\"></span>lteriori provvi<span class=\"_ _1\"></span>gioni attive per Eu<span class=\"_ _1\"></span>ro 0,1 milioni; l\u2019accordo <span class=\"_ _16\"> </span>i<span class=\"_ _3\"></span>n <span class=\"_ _16\"> </span>essere <span class=\"_ _16\"> </span>tra <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>Cairo <span class=\"_ _f\"> </span>Communi<span class=\"_ _1\"></span>cation <span class=\"_ _16\"> </span>S.p.A. <span class=\"_ _16\"> </span>ed <span class=\"_ _f\"> </span>il<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>Torino <span class=\"_ _16\"> </span>F.C. <span class=\"_ _f\"> </span>per <span class=\"_ _16\"> </span>l\u2019erogazione <span class=\"_ _16\"> </span>di <span class=\"_ _f\"> </span>servizi amministrativi <span class=\"_ _1\"></span>quali la tenu<span class=\"_ _1\"></span>ta della contabi<span class=\"_ _1\"></span>lit\u00e0, che pre<span class=\"_ _1\"></span>vede un corrispe<span class=\"_ _1\"></span>ttivo annuale d<span class=\"_ _1\"></span>i Euro 0,1 milioni. I rappo<span class=\"_ _1\"></span>rti con<span class=\"_ _2\"></span> \u201caltre part<span class=\"_ _1\"></span>i co<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>relate\u201d <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>riferiscono<span class=\"_ _1\"></span> princ<span class=\"_ _1\"></span>ipalmente<span class=\"_ _1\"></span> ai <span class=\"_ _1\"></span>rapport<span class=\"_ _1\"></span>i com<span class=\"_ _1\"></span>mer<span class=\"ff1f\">ciali con <span class=\"_ _1\"></span>il G<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>uppo Pi<span class=\"_ _1\"></span>relli </span>e <span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>Della <span class=\"_ _11\"></span>Valle, <span class=\"_ _e\"></span>verso <span class=\"_ _11\"></span>i <span class=\"_ _11\"></span>quali <span class=\"_ _e\"></span>le <span class=\"_ _11\"></span>societ\u00e0 <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _11\"></span>hanno <span class=\"_ _e\"></span>realizzato <span class=\"_ _e\"></span>ricavi <span class=\"_ _e\"></span>per <span class=\"_ _11\"></span>complessivi <span class=\"_ _e\"></span>Euro <span class=\"_ _11\"></span>1 milione. I crediti co<span class=\"_ _1\"></span>mmerciali am<span class=\"_ _1\"></span>montano a Eu<span class=\"_ _1\"></span>ro 0,6 milioni. Le <span class=\"_ _11\"></span>operazioni <span class=\"_ _11\"></span>effettuate <span class=\"_ _6\"></span>nel <span class=\"_ _e\"></span>corso <span class=\"_ _6\"></span>dell\u2019anno <span class=\"_ _11\"></span>con <span class=\"_ _6\"></span>p<span class=\"ff1f\">arti <span class=\"_ _11\"></span>correlate, <span class=\"_ _11\"></span>ivi <span class=\"_ _6\"></span>comprese <span class=\"_ _11\"></span>quelle <span class=\"_ _11\"></span>infragruppo, <span class=\"_ _11\"></span>non <span class=\"_ _6\"></span>sono </span>qualificabili <span class=\"_ _6\"></span>n\u00e9 <span class=\"_ _a\"> </span>com<span class=\"_ _1\"></span>e <span class=\"_ _7\"></span>atipiche <span class=\"_ _7\"></span>n\u00e9 <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>inusuali, <span class=\"_ _7\"></span>rientrando <span class=\"_ _7\"></span>nel <span class=\"_ _7\"></span>normale <span class=\"_ _7\"></span>corso <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _7\"></span>del Gruppo. <span class=\"_ _3\"></span>Dette <span class=\"_ _e\"></span>operazio<span class=\"_ _1\"></span>ni <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>regolate <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>condizion<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>mercato, <span class=\"_ _3\"></span>tenuto <span class=\"_ _3\"></span>conto <span class=\"_ _e\"></span>delle <span class=\"_ _3\"></span>caratte<span class=\"_ _3\"></span>ristiche <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>beni <span class=\"_ _3\"></span>e servizi prestati.<span class=\"_ _1\"></span> Nel <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>Cairo <span class=\"_ _7\"></span>Communicat<span class=\"_ _1\"></span>ion <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>sue <span class=\"_ _6\"></span>controllate <span class=\"_ _6\"></span>diverse <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>quelle <span class=\"_ _6\"></span>appartenenti <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>hanno riconosciuto agli A<span class=\"_ _1\"></span>mministratori, ai S<span class=\"_ _1\"></span>indaci, ai Diretto<span class=\"_ _1\"></span>ri Generali e ai Di<span class=\"_ _1\"></span>rigenti con responsab<span class=\"_ _1\"></span>ilit\u00e0 strateg<span class=\"_ _1\"></span>iche compensi <span class=\"_ _12\"> </span>per <span class=\"_ _a\"> </span>complessivi <span class=\"_ _a\"> </span>Euro <span class=\"_ _12\"> </span>4,<span class=\"_ _3\"></span>4 <span class=\"_ _12\"> </span>milioni. <span class=\"_ _a\"> </span>Tali <span class=\"_ _12\"> </span>informazioni <span class=\"_ _12\"> </span>sono <span class=\"_ _a\"> </span>analizzate <span class=\"_ _12\"> </span>in <span class=\"_ _12\"> </span>dettagl<span class=\"_ _1\"></span>io <span class=\"_ _12\"> </span>nell\u2019appos<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ta Relazione sulla re<span class=\"_ _1\"></span>munerazione r<span class=\"_ _1\"></span>edatta ai sens<span class=\"_ _1\"></span>i dell\u2019art. 123<span class=\"ff1f\">-ter del TUF. </span>Nel <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>riconosciuto <span class=\"_ _6\"></span>agli <span class=\"_ _6\"></span>Amministratori, <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>Sindaci <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>Dir<span class=\"_ _3\"></span>igenti <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>responsabilit<span class=\"_ _1\"></span>\u00e0 strategiche comp<span class=\"_ _1\"></span>ensi per compless<span class=\"_ _1\"></span>ivi Euro 7,8 milio<span class=\"_ _1\"></span>ni, meglio co<span class=\"_ _1\"></span>mmentati nella s<span class=\"_ _1\"></span>uccessiva Not<span class=\"_ _1\"></span>a 44. Nel <span class=\"_ _2\"></span>corso <span class=\"_ _2\"></span>dell\u2019esercizio <span class=\"_ _2\"></span>non<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>state <span class=\"_ _2\"></span>concluse <span class=\"_ _2\"></span>operazi<span class=\"_ _1\"></span>oni <span class=\"_ _2\"></span><span class=\"ff1f\">con <span class=\"_ _2\"></span>componenti <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Consiglio <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Amministraz<span class=\"_ _1\"></span>ione, </span>direttori <span class=\"_ _a\"> </span>gene<span class=\"_ _1\"></span>rali <span class=\"_ _a\"> </span>e/o <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>irigenti <span class=\"_ _a\"> </span>con <span class=\"_ _7\"></span>responsabilit\u00e0 <span class=\"_ _a\"></span>str<span class=\"_ _1\"></span>ategica, <span class=\"_ _a\"> </span>comp<span class=\"_ _1\"></span>onenti <span class=\"_ _a\"> </span>del <span class=\"_ _a\"></span>C<span class=\"_ _1\"></span>ollegio <span class=\"_ _a\"></span>Sindac<span class=\"_ _1\"></span>ale, <span class=\"_ _a\"> </span>dirigen<span class=\"_ _1\"></span>te preposto, ulterio<span class=\"_ _1\"></span>ri rispetto a<span class=\"_ _1\"></span>i compensi erog<span class=\"_ _1\"></span>ati e quanto<span class=\"_ _1\"></span> gi\u00e0 evidenz<span class=\"_ _1\"></span>iato nella prese<span class=\"_ _1\"></span>nte nota. Si precisa che: <span class=\"ff1f fs7 fc0\">con riferimen<span class=\"_ _1\"></span>to a <span class=\"_ _1\"></span>Cairo <span class=\"_ _2\"></span>Communication <span class=\"_ _1\"></span>e a<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>le su<span class=\"_ _1\"></span>e soc<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _1\"></span>controllate <span class=\"_ _2\"></span>diverse da <span class=\"_ _1\"></span>quelle <span class=\"_ _2\"></span>appartenenti a<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo </span>RCS, <span class=\"_ _3\"></span>non <span class=\"_ _e\"></span>esistono <span class=\"_ _3\"></span>accordi <span class=\"_ _e\"></span>tra <span class=\"_ _3\"></span>le <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>gli <span class=\"_ _3\"></span>amministratori <span class=\"_ _3\"></span>che <span class=\"_ _e\"></span>prevedono <span class=\"_ _3\"></span>indennit\u00e0 <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>caso <span class=\"_ _3\"></span>di dimissioni <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>licenziamento <span class=\"_ _11\"></span>se<span class=\"_ _3\"></span>nza <span class=\"_ _6\"></span>giusta <span class=\"_ _6\"></span>causa <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>se <span class=\"_ _6\"> </span>il <span class=\"_ _6\"> </span>lor<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>rapporto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>lavoro <span class=\"_ _6\"></span>cessa <span class=\"_ _6\"> </span>a <span class=\"_ _6\"> </span>seguito <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>un\u2019offerta pubblica <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>acquisto; <span class=\"_ _e\"></span>esistono <span class=\"_ _3\"></span>accordi <span class=\"_ _e\"></span>tra <span class=\"_ _3\"></span>Cairo <span class=\"_ _e\"></span>Communicat<span class=\"_ _1\"></span>ion <span class=\"_ _e\"></span>ed <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>dott. <span class=\"_ _e\"></span>Uberto<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>Fornara <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>prevedono, <span class=\"_ _3\"></span>a fronte <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>impegni di <span class=\"_ _2\"></span>non co<span class=\"_ _1\"></span>ncorrenza <span class=\"_ _2\"></span>per 18 <span class=\"_ _2\"></span>mesi su<span class=\"_ _1\"></span>ccessivi <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>cessazione de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span> r<span class=\"_ _1\"></span>apporto <span class=\"_ _2\"></span>di lavor<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>dirigenzia<span class=\"_ _1\"></span>le con la Societ\u00e0, <span class=\"_ _1\"></span>l\u2019erogazione<span class=\"_ _1\"></span> in corso di rappo<span class=\"_ _1\"></span>rto di un corr<span class=\"_ _1\"></span>ispettivo annu<span class=\"_ _1\"></span>ale lordo di Euro <span class=\"_ _1\"></span>100 mila.<span class=\"ff1f\"> </span>con r<span class=\"_ _3\"></span>iferimento a RCS, per quanto concerne i <span class=\"_ _3\"></span>trattamenti previsti in caso di cessazione e<span class=\"_ _e\"></span> <span class=\"_ _15\"> </span>di scioglimento de<span class=\"ls16\">l </span>rapporto <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>lavoro <span class=\"_ _3\"></span>si <span class=\"_ _e\"></span>rimanda a <span class=\"_ _e\"></span>quanto <span class=\"_ _3\"></span>descritto <span class=\"_ _e\"></span>nella <span class=\"_ _3\"></span>Relazione <span class=\"_ _3\"></span>sulla <span class=\"_ _e\"></span>Remunera<span class=\"_ _1\"></span>zione <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>pubblicata <span class=\"_ _3\"></span>sul sito internet Si <span class=\"_\"> </span>pr<span class=\"_ _1\"></span>ecisa <span class=\"_ _12\"> </span>inoltre <span class=\"_ _12\"> </span>che <span class=\"_\"> </span>no<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>esistono <span class=\"_ _12\"> </span>piani <span class=\"_ _12\"> </span>per <span class=\"_\"> </span>la <span class=\"_\"> </span>su<span class=\"_ _1\"></span>ccessione<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>degli <span class=\"_\"> </span>am<span class=\"_ _1\"></span>ministrat<span class=\"_ _1\"></span>ori <span class=\"_ _12\"> </span>esecutivi <span class=\"_ _12\"> </span>e <span class=\"_\"> </span>che <span class=\"_ _12\"> </span>Cairo Communication <span class=\"_ _1\"></span>non ha al momen<span class=\"_ _1\"></span>to in essere pi<span class=\"_ _1\"></span>ani di stock option. 41. I<span class=\"_ _2\"></span>nforma<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>su<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i Il <span class=\"_\"> </span>Gruppo <span class=\"_ _12\"> </span>gestisce <span class=\"_\"> </span>la <span class=\"_\"> </span>st<span class=\"_ _1\"></span>ruttura <span class=\"_\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_\"> </span>capitale <span class=\"_ _12\"> </span>e <span class=\"_\"> </span>i <span class=\"_\"> </span>rischi <span class=\"_\"> </span>fi<span class=\"_ _1\"></span>nanziari <span class=\"_ _12\"> </span>in <span class=\"_\"> </span>coerenza <span class=\"_ _12\"> </span>con <span class=\"_\"> </span>la <span class=\"_\"> </span>strut<span class=\"_ _1\"></span>tura <span class=\"_\"> </span>dell\u2019<span class=\"_ _1\"></span>attivo patrimoniale, <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>l\u2019obiettivo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>mantenere <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>tempo <span class=\"_ _e\"></span>un <span class=\"_ _11\"></span>rating <span class=\"_ _e\"></span>creditizio <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>livelli <span class=\"_ _11\"></span>degli<span class=\"_ _3\"></span><span class=\"ff1f\"> indicatori di capitale </span>adeguati <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>coerenti, <span class=\"_ _2\"></span>tenendo<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span><span class=\"ff22\">dell\u2019attuale<span class=\"ff1f\"> <span class=\"_ _2\"></span>dina<span class=\"_ _1\"></span>mica <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>offerta d<span class=\"_ _1\"></span>i credito in Itali<span class=\"_ _1\"></span>a e Spagna. </span></span>Il<span class=\"ls0\"> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>monitora <span class=\"_ _2\"></span>costantemente <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>rischi <span class=\"_ _2\"></span>finanziar<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>connessi <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>proprie <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>quelle <span class=\"_ _2\"></span>relative <span class=\"_ _2\"></span>alle <span class=\"_ _1\"></span>proprie </span>societ\u00e0 controllat<span class=\"_ _1\"></span>e. Ris<span class=\"_ _2\"></span>chio <span class=\"_ _2\"></span>di liq<span class=\"_ _1\"></span>uid<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 Il rischio di liquidit\u00e0 pu\u00f2 so<span class=\"_ _1\"></span>rgere in relazione alle d<span class=\"_ _1\"></span>ifficolt\u00e0 ad ot<span class=\"_ _1\"></span>tenere finanziamenti a supporto delle at<span class=\"_ _1\"></span>tivit\u00e0 operative nella co<span class=\"_ _1\"></span>rretta tem<span class=\"_ _1\"></span>pistica, anche <span class=\"_ _1\"></span>al fine di, se <span class=\"_ _1\"></span>del caso, rimbo<span class=\"_ _1\"></span>rsare finanz<span class=\"_ _1\"></span>iamenti in sca<span class=\"_ _1\"></span>denza. Come <span class=\"_ _6\"></span>descritto <span class=\"_ _11\"></span>nella <span class=\"_ _6\"></span>Nota <span class=\"_ _6\"></span>29 <span class=\"_ _6\"></span>\u201cdebiti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _11\"></span>finanziarie <span class=\"_ _6\"></span>non <span class=\"_ _11\"></span>correnti\u201d, <span class=\"_ _6\"> </span>al <span class=\"_ _6\"> </span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _11\"></span>2022 <span class=\"_ _6\"> </span>il <span class=\"_ _6\"> </span>Gruppo dispone, <span class=\"_ _3\"></span>oltre a <span class=\"_ _e\"></span>disponib<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_ _3\"></span>liquide, <span class=\"_ _3\"></span>di l<span class=\"_ _3\"></span>inee <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>credito a <span class=\"_ _e\"></span>medio lungo <span class=\"_ _3\"></span>termine <span class=\"_ _3\"></span>non utilizzate <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>consentono flessibilit\u00e0 nella g<span class=\"_ _1\"></span>estione dei fa<span class=\"_ _1\"></span>bbisogni consegu<span class=\"_ _1\"></span>enti delle atti<span class=\"_ _1\"></span>vit\u00e0 operative. Liq<span class=\"_ _1\"></span>uidi<span class=\"_ _2\"></span>ty a<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>ys<span class=\"_ _1\"></span>is La <span class=\"_ _e\"></span>seguente <span class=\"_ _3\"></span>tabella <span class=\"_ _3\"></span>riassume <span class=\"_ _e\"></span>il <span class=\"_ _3\"></span>profilo <span class=\"_ _e\"></span>patrimoni<span class=\"_ _1\"></span>ale <span class=\"_ _3\"></span>delle <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>delle <span class=\"_ _e\"></span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _3\"></span>co<span class=\"_ _e\"></span>rrenti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _e\"></span>Cair<span class=\"_ _1\"></span>o Communication <span class=\"_ _1\"></span>al 31 dicembr<span class=\"_ _1\"></span>e 2022: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _a6\"> </span><span class=\"ff28\">31<span class=\"_ _1\"></span>/1<span class=\"_ _2\"></span>2/2<span class=\"_ _1\"></span>02<span class=\"_ _2\"></span>2<span class=\"_ _14e\"> </span>31<span class=\"_ _2\"></span>/12<span class=\"_ _1\"></span>/2<span class=\"_ _2\"></span>021<span class=\"_ _24f\"> </span><span class=\"ff21\">V<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne</span></span>Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rci<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> ed al<span class=\"_ _2\"></span>tre <span class=\"_ _3\"></span>atti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>corrent<span class=\"_ _2\"></span>i<span class=\"_ _215\"> </span><span class=\"ff27\">35<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,1<span class=\"_ _198\"> </span>35<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,0<span class=\"_ _256\"> </span>0,<span class=\"_ _1\"></span>1</span>Ri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>anenz<span class=\"_ _2\"></span>e<span class=\"_ _f6\"> </span><span class=\"ff27\">35,<span class=\"_ _1\"></span>5<span class=\"_ _243\"> </span>19<span class=\"_ _2\"></span>,6<span class=\"_ _6b\"> </span>15<span class=\"_ _2\"></span>,9</span>Debi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>com<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre passi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t\u00e0 c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>i<span class=\"_ _11b\"> </span><span class=\"ff27\">(446<span class=\"_ _2\"></span>,0)<span class=\"_ _b9\"> </span>(436<span class=\"_ _2\"></span>,6)<span class=\"_ _85\"> </span>(9,4<span class=\"_ _2\"></span>)</span>Cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> c<span class=\"_ _3\"></span>ir<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>la<span class=\"_ _1\"></span>nte<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>tto<span class=\"_ _257\"> </span><span class=\"ff28\">(57<span class=\"_ _2\"></span>,4)<span class=\"_ _22\"> </span>(64<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>)<span class=\"_ _15c\"> </span>6<span class=\"_ _1\"></span>,6</span>Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _16e\"> </span><span class=\"ff27\">5<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,3<span class=\"_ _198\"> </span>11<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,0<span class=\"_ _160\"> </span>(58,<span class=\"_ _2\"></span>7)</span>Atti<span class=\"_ _0\"></span>vi<span class=\"_ _2\"></span>t\u00e0 fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _d5\"> </span><span class=\"ff27\">1,<span class=\"_ _1\"></span>9<span class=\"_ _24\"> </span>0,3<span class=\"_ _256\"> </span>1,<span class=\"_ _1\"></span>6</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _d0\"> </span><span class=\"ff27\">(3<span class=\"_ _1\"></span>1,<span class=\"_ _2\"></span>8)<span class=\"_ _b4\"> </span>(36<span class=\"_ _2\"></span>,8)<span class=\"_ _256\"> </span>5,0</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>tratti<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _157\"> </span><span class=\"ff27\">(2<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _b4\"> </span>(2<span class=\"_ _1\"></span>9,<span class=\"_ _2\"></span>9)<span class=\"_ _15c\"> </span>1,<span class=\"_ _1\"></span>1</span>Pos<span class=\"_ _e\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ia n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>tta co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nte<span class=\"_ _258\"> </span><span class=\"ff28\">(4,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _243\"> </span>46,<span class=\"_ _1\"></span>6<span class=\"_ _23a\"> </span>(51<span class=\"_ _2\"></span>,0)</span>Dif<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nz<span class=\"_ _2\"></span>a tr<span class=\"_ _2\"></span>a a<span class=\"_ _2\"></span>ttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>ti e<span class=\"_ _e\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0 co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _171\"> </span><span class=\"ff28\">(61<span class=\"_ _2\"></span>,8)<span class=\"_ _22\"> </span>(17,<span class=\"_ _2\"></span>4)<span class=\"_ _1c1\"> </span>(44<span class=\"_ _2\"></span>,4)</span>Al <span class=\"_ _3\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _3\"></span>differenziale <span class=\"_ _3\"></span>tra <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _e\"></span>corrent<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>presenta <span class=\"_ _3\"></span>un <span class=\"_ _e\"></span>saldo <span class=\"_ _3\"></span>negativo <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _e\"></span>61<span class=\"_ _3\"></span>,8 milioni (negativo p<span class=\"_ _1\"></span>er Euro 17,4 mil<span class=\"_ _1\"></span>ioni al 31 dic<span class=\"_ _1\"></span>embre 2021<span class=\"ls5\">).</span> La<span class=\"ls0\"> <span class=\"_ _e\"></span>variazione <span class=\"_ _3\"></span>risulta <span class=\"_ _e\"></span>pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ip<span class=\"_ _2\"></span>almen<span class=\"_ _2\"></span>te <span class=\"_ _e\"></span>attribuibile <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>decremento <span class=\"_ _e\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>Euro<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls6\">51</span> <span class=\"_ _3\"></span>milio<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>posizione <span class=\"_ _3\"></span>finanziaria </span>netta corrente <span class=\"ff22\">(rico<span class=\"_ _1\"></span>nducibile principal<span class=\"_ _1\"></span>mente all\u2019acquis<span class=\"_ _1\"></span>to dell\u2019immobile<span class=\"_ _1\"></span> di via Solferino e alla distribuz<span class=\"_ _1\"></span>ione di </span>dividendi come me<span class=\"_ _1\"></span>glio spe<span class=\"_ _1\"></span>cificato nella No<span class=\"_ _1\"></span>ta n.27). A riguardo, <span class=\"ls33\">si</span> ricorda ch<span class=\"_ _2\"></span>e:<span class=\"_ _2\"></span> <span class=\"ff1f fs7 fc0\">la <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span><span class=\"ff24\">revolving, <span class=\"_ _3\"></span></span>prevista nel <span class=\"_ _3\"></span>contratto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>finanziamento i<span class=\"_ _3\"></span>n pool <span class=\"_ _e\"></span>di RCS, <span class=\"_ _3\"></span><span class=\"ff22\">dell\u2019importo originale di <span class=\"_ _e\"></span>Euro <span class=\"_ _3\"></span></span>125 </span>milioni <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _3\"></span>ridotta <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _3\"></span>60 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _e\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>non <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>utilizza<span class=\"_ _1\"></span>ta. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span><span class=\"ff24\">revolving <span class=\"_ _e\"></span></span>prevista <span class=\"_ _3\"></span>nel contratto <span class=\"ls6\">di</span> <span class=\"_ _3\"></span>finanziamento di Cairo Communication \u00e8 utilizzata <span class=\"_ _3\"></span>per soli Euro 5 <span class=\"_ _3\"></span>milioni, dei complessivi <span class=\"_ _3\"></span>Euro 10 milioni.  <span class=\"ff1f fs7 fc0\">nel m<span class=\"_ _1\"></span>ese <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>ottobre <span class=\"_ _2\"></span>2022 RCS <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>st<span class=\"_ _3\"></span>ipulato <span class=\"_ _2\"></span>un nuovo <span class=\"_ _2\"></span>contratto <span class=\"_ _2\"></span>di f<span class=\"_ _1\"></span>inanziamento <span class=\"_ _2\"></span><span class=\"ff24\">amortizing<span class=\"ff1f\"> <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>un impo<span class=\"_ _1\"></span>rto <span class=\"_ _1\"></span>pari<span class=\"_ _1\"></span> </span></span></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>30 <span class=\"_ _6\"></span>milioni <span class=\"_ _11\"></span>con <span class=\"_ _6\"></span>scadenza <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _11\"></span>2027 <span class=\"_ _7\"></span>ed <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>linea <span class=\"_ _11\"></span>credito <span class=\"_ _6\"></span><span class=\"ff24\">revolving <span class=\"_ _6\"></span><span class=\"ff22\">dell\u2019importo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Euro <span class=\"_ _11\"></span>20 </span></span>milioni  (non ut<span class=\"_ _1\"></span>ilizzato al 31 dic<span class=\"_ _1\"></span>embre 2022) con scad<span class=\"_ _1\"></span>enza 12 ottobre 202<span class=\"_ _1\"></span>6. le <span class=\"_ _a\"></span>societ\u00e0 <span class=\"_ _7\"></span>editoriali <span class=\"_ _7\"></span>presentano <span class=\"_ _a\"> </span>struttura<span class=\"_ _1\"></span>lmente <span class=\"_ _a\"> </span>un <span class=\"_ _7\"></span>capitale <span class=\"_ _a\"> </span>circola<span class=\"_ _1\"></span>nte <span class=\"_ _a\"></span>ne<span class=\"_ _1\"></span>tto <span class=\"_ _a\"></span>(at<span class=\"_ _1\"></span>tivit\u00e0 <span class=\"_ _a\"> </span>corrent<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>al <span class=\"_ _a\"> </span>netto <span class=\"_ _a\"> </span>delle passivit\u00e0 <span class=\"_ _6\"></span>correnti, <span class=\"_ _7\"></span>escluse <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _6\"></span>finanziarie) <span class=\"_ _7\"></span>negativo <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>quanto <span class=\"_ _7\"></span>parte <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>crediti <span class=\"_ _6\"></span>commerciali (quelli riveniente dai <span class=\"_ _3\"></span>ricavi diffusionali del <span class=\"_ _3\"></span>settore editoriale) si <span class=\"_ _3\"></span>trasforma in <span class=\"_ _3\"></span>cassa in <span class=\"_ _3\"></span>tempi <span class=\"_ _3\"></span>pi\u00f9 brevi rispetto ai tempi medi d<span class=\"_ _1\"></span>i pagamento<span class=\"_ _1\"></span> dei fornitor<span class=\"_ _1\"></span>i; <span class=\"ff22 fs7 fc0\">il Gruppo prevede di mantenere un\u2019ade<span class=\"_ _1\"></span>guata capacit\u00e0 di gene<span class=\"_ _1\"></span>rare risorse finanzia<span class=\"_ _1\"></span>rie con la gestione operativ<span class=\"_ _1\"></span>a </span>anche nell\u2019attua<span class=\"_ _1\"></span>le contesto <span class=\"_ _1\"></span>di mercato. La<span class=\"ls0\"> <span class=\"_ _3\"></span>seguente <span class=\"_ _3\"></span>tabella <span class=\"_ _3\"></span>riassume <span class=\"ls2\">il</span> <span class=\"_ _e\"></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 del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _11\"></span>Cairo </span>Communication <span class=\"_ _a\"> </span><span class=\"ls4\">al</span> <span class=\"_ _12\"> </span><span class=\"ls6\">31<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _12\"> </span>2022 <span class=\"_ _12\"> </span>sulla <span class=\"_ _a\"> </span>base <span class=\"_ _12\"> </span>degli <span class=\"_ _12\"> </span>incassi <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>d<span class=\"_ _1\"></span>ei <span class=\"_ _12\"> </span>pagamen<span class=\"_ _1\"></span>ti <span class=\"_\"> </span>p<span class=\"_ _1\"></span>revisti <span class=\"_ _12\"> </span>contrattualmente (comprensivi di c<span class=\"_ _1\"></span>apitale ed <span class=\"_ _1\"></span>interessi anche s<span class=\"_ _1\"></span>e non matu<span class=\"_ _1\"></span>rati alla data di b<span class=\"_ _1\"></span>ilancio) non attualizzati:<span class=\"_ _1\"></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>2A v<span class=\"_ _3\"></span>is<span class=\"_ _e\"></span>ta<span class=\"_ _18\"> </span>&lt; <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span> me<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i6<span class=\"_ _3\"></span> m - 11<span class=\"_ _3\"></span>-2<span class=\"_ _3\"></span> an<span class=\"_ _2\"></span>ni<span class=\"_ _217\"> </span>2-5<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>nn<span class=\"_ _2\"></span>i<span class=\"_ _162\"> </span>&gt;<span class=\"_ _3\"></span> 5<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>an<span class=\"_ _2\"></span>ni<span class=\"_ _219\"> </span>Totalea<span class=\"_ _1\"></span>nn<span class=\"_ _2\"></span>oCredi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n corren<span class=\"_ _1\"></span>ti<span class=\"_ _259\"> </span><span class=\"fc0\">0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _25a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8</span>Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _25b\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _220\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _25c\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0</span>Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> verso so<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span> G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>poDeri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _25d\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _220\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _6a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _25a\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3</span>Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _a0\"> </span>5<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>3<span class=\"_ _12d\"> </span>54<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _21f\"> </span><span class=\"fc0\">0,<span class=\"_ _2\"></span>0<span class=\"_ _6b\"> </span>0,<span class=\"_ _2\"></span>0<span class=\"_ _6a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _25a\"> </span>0,<span class=\"_ _2\"></span>1</span>Totale<span class=\"_ _e\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _ea\"> </span>54<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _66\"> </span><span class=\"fc0\">0<span class=\"_ _3\"></span>,8<span class=\"_ _22a\"> </span></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _53\"> </span>1<span class=\"_ _3\"></span>,6<span class=\"_ _89\"> </span>5<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5Debi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> verso terz<span class=\"_ _2\"></span>i<span class=\"_ _16b\"> </span>0<span class=\"_ _2\"></span>,0<span class=\"_ _25e\"> </span>1<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,3<span class=\"_ _51\"> </span>17<span class=\"_ _2\"></span>,5<span class=\"_ _15a\"> </span>14<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _25f\"> </span><span class=\"fc0\">2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,7<span class=\"_ _1f4\"> </span><span class=\"fc1\">71<span class=\"_ _2\"></span>,8</span></span>Deri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>raDebi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> verso so<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span> G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>poIn<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>vi<span class=\"_ _260\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _220\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _6a\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _62\"> </span><span class=\"fc0\">1,<span class=\"_ _2\"></span>9<span class=\"_ _1ad\"> </span><span class=\"fc1\">5,<span class=\"_ _2\"></span>6</span></span>Totale<span class=\"_ _e\"></span> pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _204\"> </span><span class=\"fc0\">0<span class=\"_ _3\"></span>,0<span class=\"_ _15e\"> </span></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _261\"> </span>1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,5<span class=\"_ _110\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _64\"> </span><span class=\"fc0\">27<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _243\"> </span></span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,5P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>per con<span class=\"_ _2\"></span>tra<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _232\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _25e\"> </span><span class=\"fc1\">16<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _a9\"> </span>1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,5<span class=\"_ _15a\"> </span>18<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _110\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>5<span class=\"_ _22a\"> </span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _22b\"> </span>16<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>4</span>In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su con<span class=\"_ _2\"></span>tratti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _220\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _6a\"> </span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _62\"> </span>7,<span class=\"_ _2\"></span>7<span class=\"_ _6c\"> </span>0,<span class=\"_ _2\"></span>5<span class=\"_ _6c\"> </span>1<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>0l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>eTotale<span class=\"_ _e\"></span> pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> 0<span class=\"_ _3\"></span>,2<span class=\"_ _15e\"> </span><span class=\"fc1\">3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,4<span class=\"_ _261\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,5<span class=\"_ _110\"> </span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _23a\"> </span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _10e\"> </span>8,<span class=\"_ _3\"></span>4<span class=\"_ _1d\"> </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=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ive3<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=\"_ _e\"></span>ta<span class=\"_ _18\"> </span>&lt; <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span> me<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i6<span class=\"_ _3\"></span> m - 11<span class=\"_ _3\"></span>-2<span class=\"_ _3\"></span> an<span class=\"_ _2\"></span>ni<span class=\"_ _217\"> </span>2-5<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>nn<span class=\"_ _2\"></span>i<span class=\"_ _162\"> </span>&gt;<span class=\"_ _3\"></span> 5<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>an<span class=\"_ _2\"></span>ni<span class=\"_ _219\"> </span>Totalea<span class=\"_ _1\"></span>nn<span class=\"_ _2\"></span>oCredi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n corren<span class=\"_ _1\"></span>ti<span class=\"_ _170\"> </span><span class=\"fc0\">-<span class=\"_ _8d\"> </span>-<span class=\"_ _62\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _110\"> </span></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _63\"> </span>0,<span class=\"_ _2\"></span>2Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _e7\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _14e\"> </span>-<span class=\"_ _15d\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _154\"> </span><span class=\"fc0\">-<span class=\"_ _22f\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _25e\"> </span></span>0,<span class=\"_ _2\"></span>2Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> verso so<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span> --<span class=\"_ _115\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _20a\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _7f\"> </span><span class=\"fc1\">-</span>G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>poDeri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _9a\"> </span><span class=\"fc0\">-<span class=\"_ _8d\"> </span>-<span class=\"_ _15d\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _262\"> </span>-<span class=\"_ _75\"> </span>0,<span class=\"_ _2\"></span>2</span>Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _11f\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,0<span class=\"_ _156\"> </span><span class=\"fc0\">-<span class=\"_ _62\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _261\"> </span></span>11<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>0In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _263\"> </span><span class=\"fc0\">-<span class=\"_ _8d\"> </span>-<span class=\"_ _62\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _7f\"> </span>-</span>Totale<span class=\"_ _e\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _10a\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,1<span class=\"_ _20a\"> </span>-<span class=\"_ _6c\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _264\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1d\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,6Debi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> verso terz<span class=\"_ _2\"></span>i<span class=\"_ _243\"> </span>-<span class=\"_ _15b\"> </span>24<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _a9\"> </span>12<span class=\"_ _2\"></span>,2<span class=\"_ _15a\"> </span>39<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _7a\"> </span>-<span class=\"_ _7c\"> </span><span class=\"fc0\">-<span class=\"_ _6c\"> </span></span>7<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0Deri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _9a\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span></span>0,<span class=\"_ _2\"></span>2<span class=\"_ _6b\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _154\"> </span>-<span class=\"_ _22f\"> </span>-<span class=\"_ _66\"> </span><span class=\"fc0\">-<span class=\"_ _25e\"> </span></span>0,<span class=\"_ _2\"></span>4Debi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> verso so<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span> --<span class=\"_ _115\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _20a\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _7f\"> </span><span class=\"fc1\">-</span>G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>poIn<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>vi<span class=\"_ _265\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span></span>0,<span class=\"_ _2\"></span>2<span class=\"_ _6b\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _266\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _7a\"> </span>-<span class=\"_ _7c\"> </span><span class=\"fc0\">-<span class=\"_ _25e\"> </span></span>0,<span class=\"_ _2\"></span>7Totale<span class=\"_ _e\"></span> pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _91\"> </span>-<span class=\"_ _15a\"> </span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _22b\"> </span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,6<span class=\"_ _110\"> </span>3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _22f\"> </span>-<span class=\"_ _7c\"> </span><span class=\"fc0\">-<span class=\"_ _dd\"> </span></span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>per con<span class=\"_ _2\"></span>tra<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _6f\"> </span><span class=\"fc0\">-<span class=\"_ _155\"> </span></span>1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _a9\"> </span>13<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _15e\"> </span>2<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>1<span class=\"_ _155\"> </span>56<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _21e\"> </span>7<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>4<span class=\"_ _22b\"> </span>18<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>8In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su con<span class=\"_ _2\"></span>tratti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> -<span class=\"_ _115\"> </span><span class=\"fc1\">1,<span class=\"_ _2\"></span>5<span class=\"_ _6b\"> </span>1,<span class=\"_ _2\"></span>5<span class=\"_ _266\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _61\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _22a\"> </span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _6c\"> </span>1<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>3</span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>eTotale<span class=\"_ _e\"></span> pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> -<span class=\"_ _15a\"> </span>4<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,8<span class=\"_ _22b\"> </span>2<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _110\"> </span>6<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _85\"> </span>6<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _10c\"> </span>77<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _1d\"> </span>2<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,3co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iveI <span class=\"_\"> </span>valori <span class=\"_\"> </span>e<span class=\"_ _1\"></span>spressi <span class=\"_ _12\"> </span>nella <span class=\"_\"> </span>tabella <span class=\"_\"> </span>sop<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>a <span class=\"_\"> </span>esposta <span class=\"_ _12\"> </span>a <span class=\"_\"> </span>differenza <span class=\"_ _12\"> </span>dei <span class=\"_\"> </span>valori <span class=\"_\"> </span>de<span class=\"_ _1\"></span>ll\u2019indebitamento<span class=\"ff1f\"> <span class=\"_\"> </span>finanziario <span class=\"_ _a\"></span>ne<span class=\"_ _1\"></span>tto </span>complessivo incl<span class=\"_ _1\"></span>udono i credi<span class=\"_ _1\"></span>ti finanziari non <span class=\"_ _1\"></span>correnti <span class=\"_ _1\"></span>per Euro 0,8 <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _e\"></span>(Euro <span class=\"_ _3\"></span>0,<span class=\"_ _3\"></span>2 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dice<span class=\"_ _1\"></span>mbre 2021<span class=\"ls5\">).</span> Ris<span class=\"_ _2\"></span>chio <span class=\"_ _2\"></span>di ta<span class=\"_ _2\"></span>sso<span class=\"_ _1\"></span> Il <span class=\"_ _7\"> </span>risc<span class=\"_ _3\"></span>hio <span class=\"_ _7\"> </span>di <span class=\"_ _a\"> </span>tasso <span class=\"_ _7\"> </span>d\u2019interesse <span class=\"_ _7\"> </span>consiste <span class=\"_ _a\"> </span>in <span class=\"_ _7\"> </span>possibili <span class=\"_ _7\"> </span>ed <span class=\"_ _a\"> </span>eventuali <span class=\"_ _7\"> </span>maggiori<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _7\"></span>oneri <span class=\"_ _7\"></span>fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _7\"></span>derivanti <span class=\"_ _e\"></span>da <span class=\"_ _11\"></span>una </span>sfavorevole <span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>inattesa <span class=\"_ _1\"></span>var<span class=\"_ _1\"></span>iazione <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>tassi d<span class=\"_ _1\"></span>\u2019interesse. <span class=\"_ _2\"></span>Al <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _2\"></span>2022 <span class=\"ls16\">il<span class=\"_ _3\"></span></span> Gruppo <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>esposto a <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span>rischio per le proprie pass<span class=\"_ _1\"></span>ivit\u00e0 fina<span class=\"_ _1\"></span>nziarie a tasso va<span class=\"_ _1\"></span>riabile. Con <span class=\"_ _1\"></span>riferimento<span class=\"_ _1\"></span> <span class=\"ls3\">al</span> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _1\"></span><span class=\"ls30\">RCS<span class=\"ls0\"> <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> 31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></span>2022 p<span class=\"_ _1\"></span>resenta <span class=\"_ _2\"></span>una pos<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>zione <span class=\"_ _1\"></span>finanzi<span class=\"_ _1\"></span>aria netta negativa per </span></span></span></span>Euro 31,6 milion<span class=\"_ _1\"></span>i: <span class=\"ff22 fs7 fc0\">la <span class=\"_ _e\"></span>gestione del <span class=\"_ _3\"></span>rischio <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>d\u2019interesse <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 che <span class=\"_ _e\"></span>definiscono 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=\"_ _3\"></span><span class=\"ff22\">funzioni <span class=\"_ _3\"></span>coinvolte all\u2019interno <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>processo. Non </span>\u00e8 ammesso l\u2019ut<span class=\"_ _1\"></span>ilizzo di stru<span class=\"_ _1\"></span>menti deriva<span class=\"_ _1\"></span>ti con finalit\u00e0<span class=\"_ _1\"></span> speculative<span class=\"_ _1\"></span>;<span class=\"ff1f\"> </span><span class=\"ff1f fs7 fc0 ls4\">al<span class=\"ls0\"> <span class=\"_ _e\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _e\"></span>2022 <span class=\"_ _3\"></span><span class=\"ls2\">la</span> <span class=\"_ _e\"></span>quota <span class=\"_ _3\"></span>parte <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>debiti <span class=\"_ _e\"></span>contrattualmen<span class=\"_ _1\"></span>te <span class=\"_ _e\"></span>coperti <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>tasso <span class=\"_ _3\"></span>fisso <span class=\"_ _e\"></span>ante <span class=\"_ _e\"></span>IFR<span class=\"_ _1\"></span>S <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>trasformata </span></span>tramite <span class=\"_ _e\"></span><span class=\"ff24\">interest <span class=\"_ _3\"></span>rate <span class=\"_ _e\"></span>swap <span class=\"_ _11\"></span></span>(IRS), <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>circa <span class=\"_ _3\"></span>il <span class=\"_ _11\"></span>35% <span class=\"_ _e\"></span>(al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _e\"></span>2021 <span class=\"_ _2\"></span>era<span class=\"_ _3\"></span> d<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>poco <span class=\"_ _e\"></span>superiore<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls4\">al</span> 100<span class=\"ls5\">%).<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span>L\u2019obiettivo<span class=\"ff1f\"> <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>copertura <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>stato pe<span class=\"_ _1\"></span>rseguito <span class=\"_ _2\"></span>mediante <span class=\"_ _2\"></span>i c<span class=\"_ _2\"></span>ontratti de<span class=\"_ _1\"></span>rivati <span class=\"_ _3\"></span>sopra <span class=\"_ _3\"></span>individuati stipulati <span class=\"_ _3\"></span>con <span class=\"_ _e\"></span>primar<span class=\"_ _1\"></span>ie </span>istituzioni finanziarie ad <span class=\"_ _3\"></span>elevato rating. <span class=\"_ _3\"></span>In merito si <span class=\"_ _3\"></span>rammenta che, <span class=\"_ _3\"></span>nel caso degli IRS <span class=\"ls33\">si</span> ha <span class=\"ls2\">la</span> <span class=\"_ _3\"></span>trasformaz<span class=\"_ _1\"></span>ione del <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span>variabile <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span>fisso <span class=\"_ _2\"></span>(o v<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ceversa) <span class=\"_ _2\"></span>tramite <span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span>scambio <span class=\"_ _2\"></span>periodico, <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>la c<span class=\"_ _1\"></span>ontroparte <span class=\"_ _2\"></span>finanziaria,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>della </span></span>differenza <span class=\"_ _11\"></span>fra <span class=\"_ _11\"></span>gli <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>nteressi <span class=\"_ _e\"></span>a <span class=\"_ _6\"></span>tasso <span class=\"_ _11\"></span>fisso <span class=\"_ _6\"></span>(tasso <span class=\"_ _11\"></span>Swap) <span class=\"_ _11\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _11\"></span>interessi <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>variabile, <span class=\"_ _11\"></span>entrambi <span class=\"_ _11\"></span>calcolati <span class=\"_ _11\"></span>sul valore <span class=\"_ _6\"></span>nozionale <span class=\"_ _6\"></span>contrattuale. <span class=\"_ _6\"></span><span class=\"ls27\">Si</span> <span class=\"_ _7\"></span>segnala <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span><span class=\"ls30\">RCS</span> <span class=\"_ _6\"></span>non <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>st<span class=\"_ _3\"></span>ati <span class=\"_ _7\"></span>stipulati <span class=\"_ _6\"></span>nuovi <span class=\"_ _12\"> </span>contratti <span class=\"_ _a\"> </span>di copertura tassi. Con riferimento a <span class=\"_ _3\"></span>Cairo <span class=\"_ _3\"></span>Communicat<span class=\"_ _1\"></span>ion e <span class=\"_ _3\"></span>alle societ\u00e0 da <span class=\"_ _3\"></span>questa <span class=\"_ _3\"></span>contro<span class=\"_ _1\"></span>llate diverse <span class=\"_ _3\"></span>da quelle <span class=\"_ _11\"></span>appartenenti <span class=\"_ _11\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></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 positiva <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>16,4 milioni, <span class=\"_ _3\"></span>la <span class=\"_ _e\"></span>quota<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>parte dei debiti con<span class=\"_ _1\"></span>trattualmente coper<span class=\"_ _1\"></span>ta con Interest Ra<span class=\"_ _1\"></span>te Cap \u00e8 pari<span class=\"_ _1\"></span> al 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=\"_ _16\"> </span>def<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>ito con<span class=\"_ _2\"></span>tratt<span class=\"_ _1\"></span>ual<span class=\"_ _2\"></span>mente<span class=\"_ _1\"></span>, <span class=\"ls16\">la</span> <span class=\"_ _e\"></span>con<span class=\"_ _2\"></span>trop<span class=\"_ _2\"></span>arte <span class=\"_ _3\"></span>fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>liqu<span class=\"_ _1\"></span>ida<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>fa<span class=\"_ _1\"></span>vo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>dell<span class=\"_ _2\"></span>e <span class=\"_ _e\"></span>so<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>et\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gru<span class=\"_ _2\"></span>ppo<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>hanno <span class=\"_ _e\"></span>sottoscrit<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>il derivato, la d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>fferenza <span class=\"_ _1\"></span>tra il <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>asso con<span class=\"_ _1\"></span>trattuale e <span class=\"_ _1\"></span>il tasso variabile<span class=\"_ _1\"></span> <span class=\"_ _4\"> </span><span class=\"ff22\">di mercato, in <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>odo <span class=\"_ _1\"></span>tale da r<span class=\"_ _1\"></span>iportare l<span class=\"_ _1\"></span>\u2019onere </span>finanziario di co<span class=\"_ _1\"></span>mpetenza delle so<span class=\"_ _1\"></span>ciet\u00e0 del G<span class=\"_ _1\"></span>ruppo al livel<span class=\"_ _1\"></span>lo del tasso contr<span class=\"_ _1\"></span>attuale. Se<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ty <span class=\"_ _1\"></span>ana<span class=\"_ _1\"></span>ly<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>s Nella <span class=\"_ _e\"></span>tabella <span class=\"_ _11\"></span>seguente <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>es<span class=\"_ _3\"></span>posti <span class=\"_ _e\"></span>i <span class=\"_ _11\"></span>risultati <span class=\"_ _e\"></span>dell<span class=\"_ _3\"></span><span class=\"ls4\">a <span class=\"_ _e\"></span></span><span class=\"ff24\">sensitivity <span class=\"_ _11\"></span>analysis <span class=\"_ _e\"></span><span class=\"ff22\">sul <span class=\"_ _11\"></span>rischio <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>tasso <span class=\"_ _11\"></span>con <span class=\"_ _e\"></span>l\u2019indicazione </span></span>degli <span class=\"_ _a\"> </span>impatt<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>a <span class=\"_ _a\"> </span>conto <span class=\"_ _7\"> </span>economico <span class=\"_ _a\"> </span>e <span class=\"_ _a\"> </span>patri<span class=\"_ _1\"></span>monio <span class=\"_ _a\"> </span>nett<span class=\"_ _1\"></span>o, <span class=\"_ _7\"> </span>cos\u00ec<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>come <span class=\"_ _7\"> </span>richiesto <span class=\"_ _a\"> </span>dall\u2019IFR<span class=\"_ _1\"></span>S<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _11\"></span>7. <span class=\"_ _11\"></span>Tale <span class=\"_ _11\"></span>analisi <span class=\"_ _11\"></span>\u00e8 <span class=\"_ _11\"></span>stata </span>condotta <span class=\"_ _2\"></span>assum<span class=\"_ _1\"></span>endo <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>variazion<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>+/-<span class=\"ls6\">1%<span class=\"_ _3\"></span></span> <span class=\"_ _2\"></span>nelle <span class=\"_ _2\"></span>curv<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>dei tassi di rife<span class=\"_ _1\"></span>rimento pe<span class=\"_ _1\"></span>r singola divi<span class=\"_ _1\"></span>sa. Ana<span class=\"_ _2\"></span>lis<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>ns<span class=\"_ _3\"></span>ibi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ul r<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>chio di ta<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> s<span class=\"_ _11\"></span>u Sotto<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ta<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>teIncr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nto Im<span class=\"_ _1\"></span>pa<span class=\"_ _2\"></span>tti aIm<span class=\"_ _1\"></span>pa<span class=\"_ _2\"></span>tti a<span class=\"_ _2\"></span> pos<span class=\"_ _e\"></span>te<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a ta<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>bi<span class=\"_ _1\"></span>lem<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>dio(r<span class=\"_ _2\"></span>idu<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> de<span class=\"_ _e\"></span>lco<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomi<span class=\"_ _1\"></span>copa<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>im<span class=\"_ _1\"></span>oniota<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>)ne<span class=\"_ _e\"></span>tto2022<span class=\"_ _197\"> </span><span class=\"ls0\">(13<span class=\"_ _2\"></span>,9)<span class=\"_ _16b\"> </span><span class=\"ls78\">1%<span class=\"_ _93\"> </span></span>-<span class=\"_ _184\"> </span>0,3</span>2021<span class=\"_ _267\"> </span><span class=\"ls0\">24<span class=\"_ _2\"></span>,2<span class=\"_ _b0\"> </span><span class=\"ls78\">1%<span class=\"_ _22\"> </span></span>(0<span class=\"_ _2\"></span>,4)<span class=\"_ _184\"> </span>1<span class=\"_ _2\"></span>,1</span>2022<span class=\"_ _197\"> </span><span class=\"ls0\">(13<span class=\"_ _2\"></span>,9)<span class=\"_ _185\"> </span>-1%<span class=\"_ _98\"> </span>(0,2<span class=\"_ _2\"></span>)<span class=\"_ _10a\"> </span>(0<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)</span>2021<span class=\"_ _267\"> </span><span class=\"ls0\">24<span class=\"_ _2\"></span>,2<span class=\"_ _16b\"> </span>-1%<span class=\"_ _b3\"> </span>0,2<span class=\"_ _204\"> </span>(0,<span class=\"_ _2\"></span>8)</span>Al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 202<span class=\"_ _3\"></span>2 <span class=\"_ _3\"></span><span class=\"ff22\">il <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>detiene strumenti <span class=\"_ _3\"></span>finanziari debitori <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>variabile. <span class=\"_ _3\"></span>Si <span class=\"_ _3\"></span>segnala l\u2019utilizzo <span class=\"_ _3\"></span>di </span>derivati <span class=\"_ _2\"></span>su <span class=\"_ _2\"></span>tassi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>interesse <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>consentono <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>trasformazione <span class=\"_ _2\"></span>dell<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>posizioni <span class=\"_ _2\"></span>debitorie <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span>variabile <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>tasso<span class=\"_ _1\"></span> fisso. <span class=\"_ _e\"></span>Gli <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>finanziari <span class=\"_ _e\"></span>a <span class=\"_ _3\"></span>tasso <span class=\"_ _e\"></span>variabile <span class=\"_ _e\"></span>compresi <span class=\"_ _3\"></span>nella <span class=\"_ _e\"></span><span class=\"ff24\">sensitivity <span class=\"_ _3\"></span>analysis <span class=\"_ _e\"></span></span>riguardan<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>le <span class=\"_ _3\"></span>disponibilit\u00e0 liquide, <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>crediti e <span class=\"_ _2\"></span>i deb<span class=\"_ _1\"></span>iti f<span class=\"_ _1\"></span>inanziari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>breve, <span class=\"_ _2\"></span>medio <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>lungo <span class=\"_ _2\"></span>termine <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>derivat<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span><span class=\"ls33\">su<span class=\"ls0\"> <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>portafoglio. <span class=\"_ _2\"></span><span class=\"ff22\">L\u2019analisi<span class=\"ff1f\"> </span></span></span></span></span></span>\u00e8 st<span class=\"_ _1\"></span>ata condotta co<span class=\"_ _1\"></span>nsiderando: la <span class=\"_ _12\"> </span>variazion<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>negli <span class=\"_ _a\"> </span>interessi <span class=\"_ _12\"> </span>attiv<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>passiv<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>nel <span class=\"_ _a\"> </span>corso <span class=\"_ _12\"> </span>dell\u2019eserciz<span class=\"_ _1\"></span>io <span class=\"_ _12\"> </span>attribu<span class=\"_ _1\"></span>ibile <span class=\"_ _a\"> </span>a <span class=\"_ _12\"> </span>possibili <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>ragionevoli variazioni nei tass<span class=\"_ _1\"></span>i di intere<span class=\"_ _1\"></span>sse di attivit\u00e0 e pa<span class=\"_ _1\"></span>ssivit\u00e0 a t<span class=\"_ _1\"></span>asso variabile de<span class=\"_ _1\"></span>tenute nel corso<span class=\"_ _1\"></span> dell\u2019eserciz<span class=\"_ _1\"></span>io;<span class=\"ff1f\"> </span><span class=\"ff22 fc0\">l\u2019impatto contrario <span class=\"_ _1\"></span>in termini di var<span class=\"_ _1\"></span>iazione di <span class=\"ff24\">fair valu<span class=\"_ _1\"></span>e <span class=\"ff1f\">dei derivati su tasso r<span class=\"_ _1\"></span>ilevato a pat<span class=\"_ _1\"></span>rimonio netto pe<span class=\"_ _1\"></span>r la </span></span></span>componente <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>coper<span class=\"_ _1\"></span>tura <span class=\"_ _a\"> </span>oltre <span class=\"_ _7\"> </span>l\u2019<span class=\"_ _3\"></span>esercizio<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>compet<span class=\"_ _1\"></span>enza <span class=\"_ _a\"> </span>e <span class=\"_ _a\"> </span>a <span class=\"_ _a\"> </span>conto <span class=\"_ _a\"> </span>eco<span class=\"_ _1\"></span>nomico<span class=\"ff1f\"> <span class=\"_ _f\"> </span></span>nell\u2019ipotesi<span class=\"ff1f\"> <span class=\"_ _f\"> </span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _f\"> </span>variazione </span>istantanea <span class=\"_ _e\"></span>della <span class=\"_ _11\"></span>curva <span class=\"_ _11\"></span>dei <span class=\"_ _11\"></span>tassi <span class=\"_ _11\"></span><span class=\"ls6\">di</span> <span class=\"_ _11\"></span>interesse <span class=\"_ _11\"></span>alla <span class=\"_ _11\"></span>data di bilanci<span class=\"_ _1\"></span>o. Al 31 d<span class=\"_ _1\"></span>icembre 2022 i con<span class=\"_ _1\"></span>tratti di cope<span class=\"_ _1\"></span>rtura Interest <span class=\"_ _3\"></span>Rate Swap <span class=\"_ _3\"></span><span class=\"ff1f\">hanno <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>nozionale pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>20 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>(Euro 60 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>2021) <span class=\"_ _3\"></span>mentre <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span></span>Interest Rate Cap <span class=\"ff1f\">hanno un noz<span class=\"_ _1\"></span>ionale d<span class=\"_ _1\"></span>i Euro 20 milio<span class=\"_ _1\"></span>ni (Euro 20 m<span class=\"_ _1\"></span>ilioni nel 2021<span class=\"ls5\">).<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span></span>Il<span class=\"ls0\"> risultato <span class=\"ls6\">di</span> t<span class=\"_ _3\"></span>ale analisi e<span class=\"_ _1\"></span>vid<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>zia<span class=\"_ _2\"></span>: </span>l\u2019incremento <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>livello <span class=\"_ _3\"></span>dei <span class=\"_ _e\"></span>tassi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nteresse di <span class=\"_ _e\"></span>un <span class=\"_ _3\"></span>punto <span class=\"_ _3\"></span>percentuale <span class=\"_ _3\"></span>(+1%) <span class=\"_ _3\"></span>avrebbe <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>impatto<span class=\"_ _e\"></span> negativo sul conto economico di per<span class=\"_ _1\"></span>iodo per effetto <span class=\"ls6\">di</span> maggiori oneri finanziari per Euro <span class=\"_ _1\"></span>0,1 <span class=\"_ _2\"></span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _2\"></span>(Euro 0,4 <span class=\"_ _2\"></span>milioni p<span class=\"_ _1\"></span>er l\u2019esercizio<span class=\"ff1f\"> <span class=\"_ _0\"></span>2021) <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>un <span class=\"_ _2\"></span>imp<span class=\"_ _1\"></span>atto <span class=\"_ _0\"></span>positivo <span class=\"_ _2\"></span>sul <span class=\"_ _0\"></span>patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>0,3 <span class=\"_ _2\"></span>milioni <span class=\"_ _1\"></span>(Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>1,1 <span class=\"_ _1\"></span>milioni<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019esercizio<span class=\"ff1f\"> </span></span></span>2021) per eff<span class=\"_ _1\"></span>etto della va<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>iazione del <span class=\"ff24\">fair valu<span class=\"_ _1\"></span>e <span class=\"ff1f\">dei derivati su <span class=\"_ _1\"></span>tasso rilevata a<span class=\"_ _1\"></span> patrimon<span class=\"_ _1\"></span>io netto; </span></span><span class=\"ff1f fc0 ls2\">il<span class=\"ls0\"> <span class=\"_ _6\"></span>decremento <span class=\"_ _11\"></span>del <span class=\"_ _6\"></span>livello <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>tassi <span class=\"_ _11\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>nteresse <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span><span class=\"ls6\">un<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>punto <span class=\"_ _6\"></span>percentual<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>(1%), <span class=\"_ _11\"></span>t<span class=\"_ _3\"></span>enendo <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>previsioni </span></span>contrattuali <span class=\"_ _e\"></span>in <span class=\"_ _11\"></span>relazione <span class=\"_ _11\"></span>all\u2019applicabil<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>tassi <span class=\"_ _11\"></span>negativi, <span class=\"_ _e\"></span>avrebbe <span class=\"_ _11\"></span>un <span class=\"_ _11\"></span>potenziale<span class=\"_ _3\"></span><span class=\"ff1f\"> impatto <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span><span class=\"ls54\">vo <span class=\"_ _e\"></span><span class=\"ls0\">di <span class=\"_ _3\"></span>E<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>0,2 </span></span></span>milioni <span class=\"_ _6\"></span>sul <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>per<span class=\"_ _3\"></span>iodo <span class=\"_ _6\"></span>(positivo <span class=\"_ _a\"> </span>per <span class=\"_ _12\"> </span>Euro<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>0,2 <span class=\"_ _12\"> </span>milioni <span class=\"_ _a\"> </span>nel<span class=\"ff22\">l\u2019esercizio <span class=\"_ _a\"> </span>202</span>1) <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>un <span class=\"_ _a\"> </span>impatto negativo <span class=\"_ _6\"></span>sul <span class=\"_ _6\"></span>patrimonio <span class=\"_ _6\"></span>netto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>0,<span class=\"_ _3\"></span>3 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _7\"></span>0,8 <span class=\"_ _6\"></span><span class=\"ff22\">milioni <span class=\"_ _6\"> </span>per <span class=\"_ _6\"> </span>l\u2019esercizio <span class=\"_ _6\"></span>202</span>1) <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>della variazione di fair va<span class=\"_ _1\"></span>lue dei derivati s<span class=\"_ _1\"></span>u tasso rilev<span class=\"_ _1\"></span>ata a patri<span class=\"_ _1\"></span>monio netto. Ris<span class=\"_ _2\"></span>chio <span class=\"_ _2\"></span>di cam<span class=\"_ _1\"></span>bio<span class=\"_ _1\"></span> Il<span class=\"ls0\"> ris<span class=\"_ _1\"></span>chio <span class=\"_ _2\"></span>di camb<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>pu\u00f2 <span class=\"_ _2\"></span>essere <span class=\"_ _2\"></span>definito <span class=\"_ _1\"></span>come <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019insieme<span class=\"ff1f\"> <span class=\"_ _2\"></span>degli <span class=\"_ _1\"></span>effetti <span class=\"_ _2\"></span>negativi <span class=\"_ _2\"></span>indotti <span class=\"_ _1\"></span>sui <span class=\"_ _2\"></span>valori iscr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>bil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>o </span></span></span></span></span>di<span class=\"ls0\"> <span class=\"_ _0\"></span>atti<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls6\">da<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>vari<span class=\"_ _2\"></span>azio<span class=\"_ _2\"></span>ni <span class=\"_ _0\"></span>nei<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>ssi<span class=\"_ _1\"></span> <span class=\"_ _0\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _0\"></span>camb<span class=\"_ _2\"></span>io. <span class=\"_ _0\"></span><span class=\"ls4e\">Il<span class=\"ls0\"> <span class=\"_ _0\"></span>Gru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o, <span class=\"_ _212\"></span><span class=\"ls6\">pur<span class=\"ls0\"> <span class=\"_ _0\"></span>aven<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>na <span class=\"_ _2\"></span>prese<span class=\"_ _1\"></span>nza <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>li<span class=\"_ _3\"></span>vello <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nternaziona<span class=\"_ _1\"></span>le, </span></span></span></span></span></span></span></span></span>non <span class=\"_ _a\"> </span>evide<span class=\"_ _1\"></span>nzia <span class=\"_ _a\"></span>un<span class=\"_ _1\"></span>a <span class=\"_ _7\"></span>rilevante <span class=\"_ _a\"> </span>esposizione <span class=\"_ _7\"></span>al <span class=\"_ _a\"></span>risc<span class=\"_ _1\"></span>hio <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>cambio <span class=\"_ _6\"></span><span class=\"ls2\">in</span> <span class=\"_ _11\"></span>quanto <span class=\"_ _11\"></span><span class=\"ff22\">l\u2019euro</span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _11\"></span><span class=\"ls2\">la</span> <span class=\"_ _6\"></span>valuta <span class=\"_ _e\"></span>funzionale <span class=\"_ _6\"></span>delle<span class=\"_ _1\"></span> principali <span class=\"_ _2\"></span>aree <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>busines<span class=\"_ _1\"></span>s <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Gruppo. L\u2019esposizione <span class=\"_ _2\"></span>al ris<span class=\"_ _1\"></span>chio <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>camb<span class=\"ff1f\">io \u00e8 <span class=\"_ _2\"></span>limitata a<span class=\"_ _1\"></span>d <span class=\"_ _1\"></span>alcune <span class=\"_ _2\"></span>posizioni c<span class=\"_ _2\"></span>ommerciali e<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _2\"></span>di a<span class=\"_ _1\"></span>mmontare <span class=\"_ _2\"></span>poco </span>significativo ricon<span class=\"_ _1\"></span>ducibili a<span class=\"_ _1\"></span> RCS MediaGroup<span class=\"_ _1\"></span>, RCS Sports and E<span class=\"_ _1\"></span>vents <span class=\"_ _a\"> </span>e La7. La <span class=\"_\"> </span>gestione <span class=\"_ _12\"> </span>del <span class=\"_\"> </span>rischio<span class=\"_ _1\"></span> <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>cambio <span class=\"_\"> </span>\u00e8 <span class=\"_ _12\"> </span>regolata <span class=\"_\"> </span>da <span class=\"_ _12\"> </span>specifiche <span class=\"_\"> </span>p<span class=\"_ _1\"></span>olicy <span class=\"_ _12\"> </span>che <span class=\"_\"> </span>definiscono <span class=\"_ _12\"> </span>gli <span class=\"_\"> </span>obie<span class=\"_ _1\"></span>ttivi <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span><span class=\"ff24\">risk </span>management<span class=\"ff1f\">, <span class=\"_ _1\"></span>i limiti, <span class=\"_ _1\"></span>i ruo<span class=\"_ _1\"></span>li e <span class=\"_ _1\"></span>le <span class=\"ff22\">responsab<span class=\"_ _1\"></span>ilit\u00e0 all\u2019in<span class=\"_ _1\"></span>terno del <span class=\"_ _1\"></span>processo. <span class=\"_ _1\"></span>Non \u00e8 <span class=\"_ _1\"></span>ammesso<span class=\"ff1f\"> <span class=\"_ _0\"></span><span class=\"ff22\">l\u2019utilizzo<span class=\"ff1f\"> <span class=\"_ _2\"></span>di <span class=\"_ _0\"></span>strumenti </span></span></span></span></span>derivati <span class=\"_ _2\"></span>per <span class=\"_ _0\"></span>finalit\u00e0 <span class=\"_ _2\"></span>speculat<span class=\"_ _1\"></span>ive, <span class=\"_ _2\"></span>ovvero <span class=\"_ _0\"></span>non <span class=\"_ _2\"></span>volti <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>perseguire il predetto obiet<span class=\"_ _1\"></span>tivo. Ris<span class=\"_ _2\"></span>chio <span class=\"_ _2\"></span>di cre<span class=\"_ _1\"></span>dit<span class=\"_ _2\"></span>o Il <span class=\"_\"> </span>rischio <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>credito <span class=\"_\"> </span>pu\u00f2 <span class=\"_\"> </span>esse<span class=\"_ _1\"></span>re <span class=\"_\"> </span>definito<span class=\"_ _1\"></span> <span class=\"_\"> </span>come <span class=\"_\"> </span>l<span class=\"_ _1\"></span>a <span class=\"_\"> </span>possibilit\u00e0 <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>incorrere <span class=\"_\"> </span>in <span class=\"_ _12\"> </span>una <span class=\"_\"> </span>pe<span class=\"_ _3\"></span>rdita <span class=\"_\"> </span>finanziaria <span class=\"_ _12\"> </span>per inadempienza <span class=\"_ _1\"></span>in capo alla c<span class=\"_ _1\"></span>ontroparte dell\u2019<span class=\"_ _1\"></span>obbligazion<span class=\"_ _1\"></span>e contrattual<span class=\"_ _1\"></span>e.<span class=\"ff1f\"> </span>Le <span class=\"_ _a\"> </span>seguenti <span class=\"_ _7\"></span>tabelle <span class=\"_ _a\"></span>most<span class=\"_ _1\"></span>rano <span class=\"_ _a\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>mass<span class=\"_ _1\"></span>ima <span class=\"_ _7\"></span>esposizione <span class=\"_ _a\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _a\"> </span><span class=\"ls3\">al</span> <span class=\"_ _a\"></span>rischio <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _a\"></span>credito <span class=\"_ _7\"></span>per <span class=\"_ _a\"> </span>le <span class=\"_ _a\"></span>co<span class=\"_ _1\"></span>mponenti patrimoniali: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _2\"></span>/12<span class=\"_ _2\"></span>/20<span class=\"_ _2\"></span>2231<span class=\"_ _2\"></span>/12<span class=\"_ _2\"></span>/20<span class=\"_ _2\"></span>21V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>neCredi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> (1)26<span class=\"_ _2\"></span>6,929<span class=\"_ _2\"></span>1,7(24<span class=\"_ _2\"></span>,8)Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n corren<span class=\"_ _2\"></span>ti0,<span class=\"_ _1\"></span>80,<span class=\"_ _1\"></span>20,<span class=\"_ _1\"></span>6Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>i1,<span class=\"_ _1\"></span>00,<span class=\"_ _1\"></span>20,<span class=\"_ _1\"></span>8Al<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 no<span class=\"_ _2\"></span>n corren<span class=\"_ _1\"></span>ti4,<span class=\"_ _1\"></span>34,<span class=\"_ _1\"></span>7(0,<span class=\"_ _2\"></span>4)Al<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(2)77<span class=\"_ _2\"></span>,253<span class=\"_ _2\"></span>,224<span class=\"_ _2\"></span>,0Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti e<span class=\"_ _e\"></span>d a<span class=\"_ _2\"></span>ltr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> atti<span class=\"_ _1\"></span>vit\u00e035<span class=\"_ _2\"></span>0,235<span class=\"_ _2\"></span>0,00,<span class=\"_ _1\"></span>2Di<span class=\"_ _2\"></span>sp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>qu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>e54<span class=\"_ _2\"></span>,311<span class=\"_ _2\"></span>3,0(58<span class=\"_ _2\"></span>,7)Totale40<span class=\"_ _2\"></span>4,546<span class=\"_ _2\"></span>3,0(58<span class=\"_ _2\"></span>,5)(1) I crediti com<span class=\"_ _1\"></span>merciali incl<span class=\"_ _1\"></span>udono anche i<span class=\"_ _1\"></span> crediti verso<span class=\"_ _1\"></span> controllanti<span class=\"_ _1\"></span>, collegate e consocia<span class=\"_ _1\"></span>te per Euro 2,6 milion<span class=\"_ _1\"></span>i (Euro 2,9 mili<span class=\"_ _1\"></span>oni nel <span class=\"_\"> </span>2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>1).<span class=\"_ _1\"></span> (2) Le altre a<span class=\"_ _1\"></span>ttivit\u00e0 corrent<span class=\"_ _1\"></span>i non includon<span class=\"_ _1\"></span>o ratei e risc<span class=\"_ _1\"></span>onti attivi par<span class=\"_ _1\"></span>i ad Euro 9 milioni al 31 dic<span class=\"_ _1\"></span>embre 2022 (E<span class=\"_ _1\"></span>uro 8,1 milioni al 31 <span class=\"_ _a\"> </span>dicem<span class=\"_ _1\"></span>bre 2021<span class=\"ls79\">).</span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneCr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>di<span class=\"_ _1\"></span>ti co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>liCr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>di<span class=\"_ _1\"></span>ti Cr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ivit\u00e0Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ivit\u00e0<span class=\"_ _1\"></span> Dis<span class=\"_ _e\"></span>p<span class=\"_ _1\"></span>onib<span class=\"_ _2\"></span>ilit\u00e0Totale(1)f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>if<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>i non co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiliq<span class=\"_ _2\"></span>uid<span class=\"_ _2\"></span>enon co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiEs<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> 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>o<span class=\"_ _3\"></span>re<span class=\"_ _e\"></span> lord<span class=\"_ _2\"></span>o<span class=\"_ _1a0\"> </span><span class=\"ff28\">3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4,<span class=\"_ _2\"></span>8<span class=\"_ _68\"> </span>0<span class=\"_ _2\"></span>,8<span class=\"_ _256\"> </span>1,<span class=\"_ _1\"></span>0<span class=\"_ _52\"> </span>4,<span class=\"_ _1\"></span>3<span class=\"_ _2f\"> </span>87<span class=\"_ _2\"></span>,1<span class=\"_ _2c\"> </span>45<span class=\"_ _2\"></span>2,3</span>54<span class=\"_ _2\"></span>,3Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>utaz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _269\"> </span><span class=\"ff27\">(37<span class=\"_ _2\"></span>,9)<span class=\"_ _10a\"> </span><span class=\"fc0\">-<span class=\"_ _10a\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _154\"> </span></span>(9,9<span class=\"_ _1\"></span>)<span class=\"_ _26a\"> </span>(47<span class=\"_ _2\"></span>,8)</span>-Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>re<span class=\"_ _e\"></span> ne<span class=\"_ _3\"></span>tto<span class=\"_ _1a0\"> </span><span class=\"ff28\">26<span class=\"_ _2\"></span>6,9<span class=\"_ _203\"> </span>0,8<span class=\"_ _53\"> </span>1,0<span class=\"_ _203\"> </span>4,3<span class=\"_ _2f\"> </span>77<span class=\"_ _2\"></span>,2<span class=\"_ _2c\"> </span>4<span class=\"_ _1\"></span>04<span class=\"_ _2\"></span>,5</span>54<span class=\"_ _2\"></span>,3(1) I crediti c<span class=\"_ _1\"></span>ommerciali inc<span class=\"_ _1\"></span>ludono an<span class=\"_ _1\"></span>che crediti <span class=\"_ _1\"></span>verso controllanti<span class=\"_ _1\"></span>, controll<span class=\"_ _1\"></span>ate e consocia<span class=\"_ _1\"></span>te per Euro <span class=\"_ _1\"></span>2,6 mili<span class=\"_ _2\"></span>oni.<span class=\"_ _1\"></span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>liCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ivit\u00e0Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ivit\u00e0<span class=\"_ _1\"></span> Dis<span class=\"_ _e\"></span>p<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>it\u00e0Totale(1)f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>if<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>i non co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiliq<span class=\"_ _2\"></span>uid<span class=\"_ _2\"></span>enon co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiEs<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>ciz<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> 2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1Totale<span class=\"_ _e\"></span> v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> lo<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>do<span class=\"_ _164\"> </span><span class=\"ff28\">33<span class=\"_ _1\"></span>2,<span class=\"_ _2\"></span>6<span class=\"_ _8d\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _234\"> </span>0,4<span class=\"_ _156\"> </span>4,<span class=\"_ _1\"></span>7<span class=\"_ _8c\"> </span>63,<span class=\"_ _1\"></span>3<span class=\"_ _ef\"> </span>51<span class=\"_ _1\"></span>4,<span class=\"_ _2\"></span>2</span>11<span class=\"_ _2\"></span>3,0Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>ut<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _79\"> </span><span class=\"ff27\">(40<span class=\"_ _2\"></span>,9)<span class=\"_ _210\"> </span>-<span class=\"_ _15a\"> </span>(0,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _210\"> </span><span class=\"ff1f\">-<span class=\"_ _203\"> </span></span>(1<span class=\"_ _2\"></span>0,1<span class=\"_ _2\"></span>)<span class=\"_ _181\"> </span>(51,<span class=\"_ _2\"></span>2)</span>-Totale<span class=\"_ _e\"></span> v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> ne<span class=\"_ _e\"></span>tto<span class=\"_ _164\"> </span><span class=\"ff28\">291<span class=\"_ _2\"></span>,7<span class=\"_ _14e\"> </span>0,<span class=\"_ _1\"></span>2<span class=\"_ _88\"> </span>0,2<span class=\"_ _156\"> </span>4,7<span class=\"_ _8c\"> </span>53<span class=\"_ _2\"></span>,2<span class=\"_ _21c\"> </span>4<span class=\"_ _2\"></span>63,<span class=\"_ _2\"></span>0</span>11<span class=\"_ _2\"></span>3,0(1) I crediti c<span class=\"_ _1\"></span>ommerciali inc<span class=\"_ _1\"></span>ludono an<span class=\"_ _1\"></span>che crediti <span class=\"_ _1\"></span>verso controllanti<span class=\"_ _1\"></span>, controll<span class=\"_ _1\"></span>ate e consocia<span class=\"_ _1\"></span>te per Euro 2,9 m<span class=\"_ _1\"></span>ili<span class=\"_ _2\"></span>oni.<span class=\"_ _1\"></span> Il Gruppo pr<span class=\"_ _1\"></span>esenta una e<span class=\"_ _1\"></span>sposizione<span class=\"_ _1\"></span> al risch<span class=\"_ _1\"></span>io di credit<span class=\"_ _1\"></span>o principalment<span class=\"_ _1\"></span>e con rife<span class=\"_ _1\"></span>rimento ai<span class=\"_ _1\"></span> cred<span class=\"_ _2\"></span>iti <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>erc<span class=\"_ _2\"></span>iali<span class=\"_ _1\"></span>, ed in par<span class=\"_ _2\"></span>tico<span class=\"_ _1\"></span>lare<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>a quel<span class=\"_ _1\"></span>li rin<span class=\"_ _2\"></span>veni<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> dall\u2019<span class=\"_ _1\"></span>at<span class=\"_ _2\"></span>tivit<span class=\"_ _1\"></span>\u00e0 di rac<span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>lta pubbl<span class=\"_ _2\"></span>icit<span class=\"_ _1\"></span>ari<span class=\"_ _2\"></span>a, <span class=\"_ _3\"></span><span class=\"ff1f\">rischio pe<span class=\"_ _1\"></span>raltro mitigato dal <span class=\"_ _1\"></span>fatto che </span>l\u2019esposizione<span class=\"ff1f\"> <span class=\"_ _11\"></span>\u00e8 <span class=\"_ _11\"></span>suddivisa <span class=\"_ _11\"></span><span class=\"ls49\">su<span class=\"_ _3\"></span></span> <span class=\"_ _11\"></span>un <span class=\"_ _6\"></span>largo <span class=\"_ _11\"></span>numero <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>clienti <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>fronte <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>rischio <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>state <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>mplementate<span class=\"_ _1\"></span> </span>procedure di con<span class=\"_ _1\"></span>trollo e mo<span class=\"_ _1\"></span>nitoraggio. I <span class=\"_ _3\"></span>crediti <span class=\"_ _3\"></span>commerciali <span class=\"_ _3\"></span>netti, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro<span class=\"_ _3\"></span> 264,3 <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _3\"></span><span class=\"ls3\">al</span> <span class=\"_ _e\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _e\"></span>(Euro <span class=\"_ _3\"></span>266,9 <span class=\"_ _e\"></span>includendo <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>rapporti con <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"></span>controllan<span class=\"_ _1\"></span>ti, <span class=\"_ _e\"></span>collegate <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>consocia<span class=\"_ _1\"></span>te), <span class=\"_ _3\"></span><span class=\"ls33\">si</span> <span class=\"_ _3\"></span>riferiscono <span class=\"_ _3\"></span>al <span class=\"_ _11\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>117,2 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>(Euro 118,7 milioni includendo i <span class=\"_ _1\"></span>rapporti con societ\u00e0 co<span class=\"_ _1\"></span>ntrollanti, collega<span class=\"_ _1\"></span>te e consociate<span class=\"_ _1\"></span>) e a Cairo Communica<span class=\"_ _1\"></span>tion e <span class=\"ff22 ls0\">alle <span class=\"_ _3\"></span>societ\u00e0 da quest\u2019ultima controllate<span class=\"ff1f\"> (escluso <span class=\"ls16\">il</span> Gruppo <span class=\"_ _1\"></span>RCS) per Euro <span class=\"_ _2\"></span>147,1 milioni (Euro 148,2 <span class=\"_ _1\"></span>milioni </span></span>includendo <span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>rapporti <span class=\"_ _2\"></span>con<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _2\"></span>control<span class=\"_ _1\"></span>lanti, <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>llegate <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cons<span class=\"_ _3\"></span>ociate). <span class=\"_ _0\"></span>I <span class=\"_ _0\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>ommerciali <span class=\"_ _0\"></span>sono <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>sposti <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>netto di un fondo svalut<span class=\"_ _1\"></span>azione credi<span class=\"_ _1\"></span>ti di Euro 37,9 milion<span class=\"_ _1\"></span>i. Con <span class=\"_ _1\"></span>riferimento<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Gruppo <span class=\"_ _2\"></span>RCS <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> c<span class=\"_ _1\"></span>rediti <span class=\"_ _2\"></span>commerciali <span class=\"_ _2\"></span>lordi, incl<span class=\"_ _1\"></span>udendo <span class=\"_ _2\"></span>i rappo<span class=\"_ _1\"></span>rti <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _2\"></span>controllanti <span class=\"_ _2\"></span>collegate e <span class=\"_ _e\"></span>cons<span class=\"_ _3\"></span>ociate, <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>pari <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>146,7 <span class=\"_ _e\"></span><span class=\"ff22\">milioni. <span class=\"_ _11\"></span>L\u2019analisi <span class=\"_ _e\"></span>dei <span class=\"_ _11\"></span>nuovi <span class=\"_ _e\"></span>client</span>i <span class=\"_\"> </span>e <span class=\"_ _12\"> </span><span class=\"ls2\">la</span> <span class=\"_ _12\"> </span>valutazione <span class=\"_ _12\"> </span>della <span class=\"_\"> </span>affid<span class=\"_ _1\"></span>abilit\u00e0 della <span class=\"_ _11\"></span>clientela <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _6\"></span>attuata <span class=\"_ _e\"></span>attraverso <span class=\"_ _11\"></span><span class=\"ff22\">l\u2019attribuzione <span class=\"_ _1\"></span>di un <span class=\"_ _2\"></span>rating <span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>inanziario <span class=\"_ _2\"></span>generato d<span class=\"_ _1\"></span>a un <span class=\"_ _2\"></span>sistema au<span class=\"_ _1\"></span>tomatico <span class=\"_ _1\"></span>di </span>valutazione <span class=\"_ _2\"></span>dell\u2019affidab<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>lit\u00e0 <span class=\"_ _2\"></span>creditizia. <span class=\"_ _2\"></span>Il <span class=\"_ _2\"></span>modello <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>elaborazion<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>rating <span class=\"_ _2\"></span>applicato <span class=\"_ _2\"></span>all\u2019Italia <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>basato <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>cos\u00ec detto <span class=\"_ _a\"> </span>m<span class=\"_ _3\"></span>odello <span class=\"_ _a\"> </span>dell\u2019\u201cexpected <span class=\"_ _a\"> </span>default <span class=\"_ _12\"> </span>frequency\u201d <span class=\"_ _a\"> </span>elaborato <span class=\"_ _a\"> </span>da <span class=\"_ _12\"> </span>primario <span class=\"_ _a\"> </span>gruppo <span class=\"_ _12\"> </span>di <span class=\"_ _a\"> </span>informazione <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>analisi finanziaria. <span class=\"_ _2\"></span>La <span class=\"_ _2\"></span>tabella <span class=\"_ _2\"></span>seguente <span class=\"_ _2\"></span>fornisce <span class=\"_ _2\"></span>informazioni <span class=\"_ _2\"></span>circa <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>qualit\u00e0 <span class=\"_ _2\"></span>dei c<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>editi <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>portafoglio <span class=\"_ _1\"></span>del <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span><span class=\"ls30\">RCS<span class=\"ls0\"> </span></span>e <span class=\"ff22\">l\u2019attrib</span>uz<span class=\"_ _1\"></span>ione del <span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>ondo s<span class=\"_ _1\"></span>valutazione <span class=\"_ _1\"></span>crediti a<span class=\"_ _1\"></span>lle dive<span class=\"_ _1\"></span>rse fasce d<span class=\"_ _1\"></span>i rating individu<span class=\"_ _1\"></span>ate: De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>oneCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> Fond<span class=\"_ _2\"></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=\"_ _e\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lu<span class=\"_ _2\"></span>taz<span class=\"_ _2\"></span>ionecr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>ditiRati<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g A (ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span>o b<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>sso)<span class=\"_ _17f\"> </span><span class=\"ff27\">34<span class=\"_ _1\"></span>,4<span class=\"_ _17b\"> </span>3<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,3<span class=\"_ _ee\"> </span>0,9</span>Rati<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g B (ri<span class=\"_ _2\"></span>sch<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>)<span class=\"_ _e2\"> </span><span class=\"ff27\">1<span class=\"_ _1\"></span>1,<span class=\"_ _2\"></span>5<span class=\"_ _b6\"> </span>6,7<span class=\"_ _ee\"> </span>7,3</span>Rati<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g C (ri<span class=\"_ _2\"></span>sch<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>)<span class=\"_ _242\"> </span><span class=\"ff27\">8<span class=\"_ _2\"></span>,2<span class=\"_ _b6\"> </span>8<span class=\"_ _1\"></span>,1<span class=\"_ _213\"> </span>11<span class=\"_ _2\"></span>,9</span>Rati<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g Z (n<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span> rate<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>)<span class=\"_ _1b8\"> </span><span class=\"ff27\">97<span class=\"_ _1\"></span>,7<span class=\"_ _189\"> </span>1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,1<span class=\"_ _213\"> </span>12<span class=\"_ _2\"></span>,4</span>Totale<span class=\"_ _26b\"> </span><span class=\"ff28\">15<span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>8<span class=\"_ _189\"> </span>17<span class=\"_ _2\"></span>1,2<span class=\"_ _213\"> </span>32<span class=\"_ _2\"></span>,5</span>Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _21f\"> </span><span class=\"ff27\">(33<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _e4\"> </span>(3<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)</span>Totale<span class=\"_ _e\"></span> ne<span class=\"_ _e\"></span>tto<span class=\"_ _1bb\"> </span><span class=\"ff28\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,7<span class=\"_ _189\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,4</span>Si ramme<span class=\"_ _1\"></span>nta ch<span class=\"_ _1\"></span>e la <span class=\"_ _2\"></span>fascia dei <span class=\"_ _2\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>attribuzione <span class=\"_ _2\"></span>Rating Z <span class=\"_ _1\"></span>\u00e8 c<span class=\"_ _1\"></span>ostituita <span class=\"_ _1\"></span>principa<span class=\"_ _1\"></span>lmente da<span class=\"_ _1\"></span> cred<span class=\"_ _1\"></span>iti ve<span class=\"_ _1\"></span>rso en<span class=\"_ _1\"></span>ti pubblici, client<span class=\"_ _1\"></span>i esteri e clientela d<span class=\"_ _1\"></span>iffusa. Con riferimento <span class=\"_ _1\"></span>al gruppo <span class=\"_ _1\"></span>m-Dis si segnala <span class=\"_ _1\"></span>che le re<span class=\"_ _1\"></span>lative poste pat<span class=\"_ _1\"></span>rimoniali con<span class=\"_ _1\"></span>fluiscono ne<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>la fascia Ra<span class=\"_ _1\"></span>ting Z. <span class=\"_ _12\"> </span>Per <span class=\"_ _12\"> </span>mitigarne <span class=\"_ _a\"> </span>gli <span class=\"_ _12\"> </span>effetti <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>rischio <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>credito, <span class=\"_ _a\"> </span>l<span class=\"_ _3\"></span>a <span class=\"_ _12\"> </span>societ\u00e0 <span class=\"_ _a\"> </span>m<span class=\"_ _3\"></span>-dis <span class=\"_ _12\"> </span>Distribuzione <span class=\"_ _a\"> </span>Media <span class=\"_ _12\"> </span>S.p.A. <span class=\"_ _12\"> </span>attua <span class=\"_ _a\"> </span>un monitoraggio <span class=\"_ _2\"></span>puntual<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>costante <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>situazione <span class=\"_ _2\"></span>creditor<span class=\"_ _1\"></span>ia <span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>ottenuto <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>molti <span class=\"_ _2\"></span>distributori <span class=\"_ _2\"></span>local<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>rilascio di <span class=\"_ _e\"></span>garanzie <span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>fidejussioni) <span class=\"_ _3\"></span>a <span class=\"_ _11\"></span>parz<span class=\"_ _2\"></span>iale cop<span class=\"_ _2\"></span>ertur<span class=\"_ _1\"></span>a del risc<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>io <span class=\"ls6\">di</span> <span class=\"_ _3\"></span>cred<span class=\"_ _2\"></span>ito. Tutt<span class=\"_ _1\"></span>av<span class=\"_ _2\"></span>ia, <span class=\"ls16\">il</span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>tinuo cal<span class=\"_ _1\"></span>o dei liqu<span class=\"_ _2\"></span>idati<span class=\"_ _1\"></span> e <span class=\"_ _3\"></span><span class=\"ls16\">la</span> sos<span class=\"_ _1\"></span>tan<span class=\"_ _2\"></span>ziale<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>assenza <span class=\"_ _12\"> </span>di <span class=\"_ _a\"> </span>barriere <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>accesso <span class=\"_ _a\"> </span><span class=\"ls4\">al</span> <span class=\"_ _12\"> </span>mercato <span class=\"_ _a\"> </span>potr<span class=\"_ _3\"></span>ebbero <span class=\"_ _12\"> </span>compor<span class=\"_ _1\"></span>tare <span class=\"_ _12\"> </span>modif<span class=\"_ _1\"></span>iche <span class=\"_ _a\"> </span><span class=\"ff22\">al<span class=\"_ _3\"></span>l\u2019attuale</span> <span class=\"_ _a\"> </span>filiera distributiva, <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>conc<span class=\"_ _1\"></span>entrazione <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>operatori <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>magg<span class=\"_ _1\"></span>iori <span class=\"_ _2\"></span>rischi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>cre<span class=\"_ _1\"></span>dito. <span class=\"_ _2\"></span>Il <span class=\"_ _2\"></span>mercato <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>cui <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>aziende <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>grup<span class=\"_ _1\"></span>po m-Dis <span class=\"_ _11\"></span>operano <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _6\"></span>costituito <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>un <span class=\"_ _e\"></span>numero <span class=\"_ _3\"></span>contenuto <span class=\"_ _3\"></span><span class=\"ls6\">di</span> <span class=\"_ _e\"></span>piccole/med<span class=\"_ _1\"></span>ie <span class=\"_ _3\"></span><span class=\"ls4\">az</span>iende <span class=\"_ _3\"></span>rappresentate <span class=\"_ _3\"></span>prevalentemente dai <span class=\"_ _a\"></span>Dis<span class=\"_ _1\"></span>tributori <span class=\"_ _7\"></span>Locali <span class=\"_ _a\"> </span>che <span class=\"_ _7\"></span>sono <span class=\"_ _a\"> </span>at<span class=\"_ _1\"></span>tivi <span class=\"_ _7\"></span>nel <span class=\"_ _a\"> </span>campo <span class=\"_ _7\"></span>della <span class=\"_ _a\"> </span>distribuzione<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _7\"></span>prodotti <span class=\"_ _7\"></span>editoriali. <span class=\"_ _a\"> </span>Le <span class=\"_ _a\"> </span>transazioni effettuate <span class=\"_ _2\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>gen<span class=\"_ _1\"></span>eralmente <span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>egolate <span class=\"_ _0\"></span><span class=\"ls16\">in<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>temp<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>brevi <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>tramite <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019inca<span class=\"_ _1\"></span>sso<span class=\"ff1f\"> <span class=\"_ _2\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>acconti p<span class=\"_ _2\"></span>er<span class=\"_ _3\"></span>iodici anticipa<span class=\"_ _1\"></span>ti. Alla luc<span class=\"_ _1\"></span>e </span></span></span></span>di quan<span class=\"_ _1\"></span>to espo<span class=\"_ _1\"></span>sto <span class=\"_ _1\"></span>non <span class=\"_ _2\"></span>vi<span class=\"_ _3\"></span>ene <span class=\"_ _2\"></span>elaborato uno <span class=\"_ _2\"></span>scadenziario <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>stessi <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>quanto p<span class=\"_ _1\"></span>rivo <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>significa<span class=\"_ _1\"></span>tivit\u00e0 <span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> p<span class=\"_ _2\"></span>ertanto le rela<span class=\"_ _1\"></span>tive poste <span class=\"_ _1\"></span>patrimon<span class=\"_ _1\"></span>iali sono <span class=\"_ _1\"></span>da considerars<span class=\"_ _1\"></span>i con scaden<span class=\"_ _1\"></span>za prevalente<span class=\"_ _1\"></span>mente a vis<span class=\"_ _1\"></span>ta. Con <span class=\"_ _e\"></span>riferimento <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Cairo <span class=\"_ _e\"></span>Communication <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>alle <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>essa <span class=\"_ _e\"></span>controll<span class=\"_ _1\"></span>ate <span class=\"_ _e\"></span>(escluso <span class=\"_ _e\"></span><span class=\"ls2\">il</span> <span class=\"_ _3\"></span>Gruppo <span class=\"_ _6\"></span>RCS) <span class=\"_ _11\"></span>i <span class=\"_ _6\"></span>crediti commerciali lord<span class=\"_ _1\"></span>i sono pari a 153 mi<span class=\"_ _1\"></span>lioni. Il fondo sva<span class=\"_ _1\"></span>lutazione cr<span class=\"_ _1\"></span>editi \u00e8 pari <span class=\"_ _1\"></span>ad Euro 4,8 milioni.<span class=\"_ _1\"></span> La<span class=\"ls0\"> r<span class=\"_ _1\"></span>ipartizione <span class=\"_ _1\"></span>dei <span class=\"_ _2\"></span>crediti <span class=\"_ _1\"></span>commercial<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r f<span class=\"_ _1\"></span>asce <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> sca<span class=\"_ _1\"></span>duto <span class=\"_ _1\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>31 dicemb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>22 <span class=\"_ _1\"></span>compara<span class=\"_ _1\"></span>ta con <span class=\"_ _1\"></span>il 31 <span class=\"_ _1\"></span>dicemb<span class=\"_ _1\"></span>re </span></span></span></span></span>2021 \u00e8 la seguente<span class=\"_ _1\"></span>: 31<span class=\"_ _2\"></span>/12<span class=\"_ _2\"></span>/20<span class=\"_ _2\"></span>22Co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nteSca<span class=\"_ _2\"></span>duto tra<span class=\"_ _2\"></span> Sca<span class=\"_ _2\"></span>duto tra<span class=\"_ _2\"></span> 6<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> Sca<span class=\"_ _2\"></span>duto tra<span class=\"_ _2\"></span> Sca<span class=\"_ _2\"></span>duto o<span class=\"_ _3\"></span>ltr<span class=\"_ _2\"></span>eTo<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> e<span class=\"_ _11\"></span> <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> g<span class=\"_ _e\"></span>ge<span class=\"_ _e\"></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=\"_ _11\"></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> g<span class=\"_ _e\"></span>gCredi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _235\"> </span><span class=\"ff27\">5,9<span class=\"_ _20e\"> </span>1<span class=\"_ _2\"></span>,1<span class=\"_ _67\"> </span>2,<span class=\"_ _1\"></span>9<span class=\"_ _67\"> </span>4<span class=\"_ _1\"></span>,8<span class=\"_ _85\"> </span>15<span class=\"_ _2\"></span>3,0</span>13<span class=\"_ _2\"></span>8,3Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o sval<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _26c\"> </span><span class=\"ff27\">(0,<span class=\"_ _2\"></span>5)<span class=\"_ _52\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _22f\"> </span>(0,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _20a\"> </span>(2,9<span class=\"_ _2\"></span>)<span class=\"_ _66\"> </span>(4,8<span class=\"_ _2\"></span>)</span>(0,<span class=\"_ _2\"></span>9)Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>o<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>lie<span class=\"_ _e\"></span>nti<span class=\"_ _22c\"> </span><span class=\"ff28\">5,4<span class=\"_ _213\"> </span>1,0<span class=\"_ _67\"> </span>2<span class=\"_ _1\"></span>,5<span class=\"_ _84\"> </span>1,9<span class=\"_ _85\"> </span>14<span class=\"_ _2\"></span>8,2</span>13<span class=\"_ _2\"></span>7,431<span class=\"_ _2\"></span>/12<span class=\"_ _2\"></span>/20<span class=\"_ _2\"></span>21Co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nteSca<span class=\"_ _2\"></span>duto tra<span class=\"_ _2\"></span> Sca<span class=\"_ _2\"></span>duto tra<span class=\"_ _2\"></span> 6<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> Sca<span class=\"_ _2\"></span>duto tra<span class=\"_ _2\"></span> Sca<span class=\"_ _2\"></span>duto o<span class=\"_ _3\"></span>ltr<span class=\"_ _2\"></span>eTo<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> e<span class=\"_ _11\"></span> <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> g<span class=\"_ _e\"></span>ge<span class=\"_ _e\"></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=\"_ _11\"></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> g<span class=\"_ _e\"></span>gCredi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _235\"> </span><span class=\"ff27\">7,3<span class=\"_ _20e\"> </span>1<span class=\"_ _2\"></span>,5<span class=\"_ _67\"> </span>2,<span class=\"_ _1\"></span>2<span class=\"_ _67\"> </span>4<span class=\"_ _1\"></span>,0<span class=\"_ _85\"> </span>16<span class=\"_ _2\"></span>1,4</span>14<span class=\"_ _2\"></span>6,3Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o sval<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _26c\"> </span><span class=\"ff27\">(0,<span class=\"_ _2\"></span>6)<span class=\"_ _52\"> </span>(0<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _22f\"> </span>(1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _20a\"> </span>(2,6<span class=\"_ _2\"></span>)<span class=\"_ _66\"> </span>(5,1<span class=\"_ _2\"></span>)</span>(0,<span class=\"_ _2\"></span>3)Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>o<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>lie<span class=\"_ _e\"></span>nti<span class=\"_ _22c\"> </span><span class=\"ff28\">6,7<span class=\"_ _213\"> </span>1,2<span class=\"_ _67\"> </span>0<span class=\"_ _1\"></span>,9<span class=\"_ _84\"> </span>1,4<span class=\"_ _85\"> </span>15<span class=\"_ _2\"></span>6,3</span>14<span class=\"_ _2\"></span>6,0Le altre attivit\u00e0 c<span class=\"_ _1\"></span>orrenti e n<span class=\"_ _1\"></span>on correnti in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>no<span class=\"_ _2\"></span>: <span class=\"ff22 fc0\">crediti verso l\u2019Erario per <span class=\"_ _3\"></span>complessiv<span class=\"ff1f\">i Euro 26,9 m<span class=\"_ _3\"></span>ilioni e verso l<span class=\"_ _3\"></span>o Stato per contributi pubblici per <span class=\"_ _3\"></span>Euro 22,8 </span></span>milioni <span class=\"_ _12\"> </span>per <span class=\"_ _a\"> </span>i <span class=\"_ _12\"> </span>quali <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>rischio <span class=\"_ _a\"> </span>di <span class=\"_ _12\"> </span>credito <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _12\"> </span>ritenu<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>signi<span class=\"_ _1\"></span>ficativo <span class=\"_ _a\"> </span>in <span class=\"_ _12\"> </span>considerazione <span class=\"_ _12\"> </span>della <span class=\"_ _a\"> </span>natura <span class=\"_ _12\"> </span>della controparte; <span class=\"ff1f 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=\"ls8\">Eu<span class=\"ls5\">ro</span></span> <span class=\"_ _3\"></span>18,7 milioni <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>quali <span class=\"ls2\">il</span> <span class=\"_ _3\"></span>rischio <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>credito <span class=\"_ _3\"></span>risulta </span>mitigato dalla possibilit\u00e0 di compens<span class=\"_ _1\"></span>azione con correlati debit<span class=\"_ _1\"></span>i attuali e/o futuri. Tali anticipi sono espressi al<span class=\"_ _1\"></span> netto di un fondo s<span class=\"_ _1\"></span>valutazio<span class=\"_ _1\"></span>ne di Euro 7 milion<span class=\"_ _1\"></span>i. <span class=\"ff1f fc0\">depositi cauziona<span class=\"_ _1\"></span>li e bancari pe<span class=\"_ _1\"></span>r Euro 3,7 milioni sui q<span class=\"_ _1\"></span>uali il rischio credi<span class=\"_ _1\"></span>to \u00e8 ritenuto non<span class=\"_ _1\"></span> sign<span class=\"_ _2\"></span>ifica<span class=\"_ _2\"></span>tivo<span class=\"_ _1\"></span> </span><span class=\"ff1f fc0\">crediti diversi <span class=\"_ _1\"></span>pari a Eu<span class=\"_ _1\"></span>ro 8,8 m<span class=\"_ _1\"></span>ilioni esp<span class=\"_ _1\"></span>ressi <span class=\"ls4\">al</span> net<span class=\"_ _1\"></span>to di <span class=\"ls6\">un</span> fondo svalu<span class=\"_ _1\"></span>tazione <span class=\"ls6\">di</span> Euro 5,3 m<span class=\"_ _1\"></span>ili<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i </span><span class=\"ff1f fc0\">I crediti <span class=\"_ _1\"></span>finanziar<span class=\"_ _1\"></span>i cor<span class=\"_ _1\"></span>renti s<span class=\"_ _1\"></span>ono pa<span class=\"_ _1\"></span>ri a Eu<span class=\"_ _2\"></span>ro 1 mi<span class=\"_ _1\"></span>lione </span><span class=\"ff1f fc0 ls4e\">Il<span class=\"ls0\"> risc<span class=\"_ _1\"></span>hio<span class=\"_ _2\"></span> <span class=\"ls6\">di</span> cr<span class=\"_ _1\"></span>edi<span class=\"_ _2\"></span>to c<span class=\"_ _1\"></span>orr<span class=\"_ _2\"></span>elat<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>alle d<span class=\"_ _2\"></span>ispo<span class=\"_ _1\"></span>nib<span class=\"_ _2\"></span>ilit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>liq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span> e <span class=\"_ _2\"></span>mezz<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span>qu<span class=\"_ _2\"></span>ivale<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ti,<span class=\"_ _1\"></span> co<span class=\"_ _2\"></span>n <span class=\"ls6\">una</span> e<span class=\"_ _2\"></span>spos<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e massima teorica </span></span>di Euro 54<span class=\"_ _1\"></span>,3 <span class=\"_ _3\"></span>milioni (Euro <span class=\"_ _1\"></span>113 mil<span class=\"_ _1\"></span>ioni <span class=\"ls4\">al</span> 31 <span class=\"_ _2\"></span>dicembre 2021) \u00e8 <span class=\"_ _2\"></span>ritenuto non <span class=\"_ _3\"></span>significativo <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>quanto <span class=\"_ _e\"></span>si <span class=\"_ _3\"></span>tratta <span class=\"_ _e\"></span>di depositi frazion<span class=\"_ _1\"></span>ati su diverse is<span class=\"_ _1\"></span>tituzioni banca<span class=\"_ _1\"></span>rie. Ris<span class=\"_ _2\"></span>chio <span class=\"_ _2\"></span>di pre<span class=\"_ _2\"></span>zzo Il Gruppo <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>\u00e8 espost<span class=\"_ _1\"></span>o a s<span class=\"_ _1\"></span>ignificat<span class=\"_ _1\"></span>ivi risch<span class=\"_ _1\"></span>i di p<span class=\"_ _1\"></span>rezzo r<span class=\"_ _1\"></span>elativi a <span class=\"_ _2\"></span>strumenti finanzia<span class=\"ff22\">ri che <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ientrano <span class=\"_ _1\"></span>nell\u2019ambi<span class=\"_ _1\"></span>to </span>di applicazione de<span class=\"_ _1\"></span>llo IAS 3<span class=\"_ _1\"></span>9. 42. S<span class=\"_ _1\"></span>tr<span class=\"_ _2\"></span>umenti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ari <span class=\"_ _1\"></span>inf<span class=\"_ _2\"></span>orma<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>gra<span class=\"_ _2\"></span>tive Nella tabel<span class=\"_ _1\"></span>la che <span class=\"_ _2\"></span>segue sono ripor<span class=\"_ _1\"></span>tati i <span class=\"_ _1\"></span>valori c<span class=\"_ _1\"></span>ontabili <span class=\"_ _2\"></span>per ogni classe<span class=\"_ _1\"></span> ident<span class=\"_ _1\"></span>ificata <span class=\"ff22\">dal<span class=\"_ _1\"></span>l\u2019IFRS 9, come richiesto<span class=\"_ _1\"></span> </span>dall\u2019IFRS <span class=\"_ _a\"> </span>7. <span class=\"_ _7\"></span>Tale <span class=\"_ _a\"> </span>valore <span class=\"_ _a\"> </span>contabil<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>coincide <span class=\"_ _7\"></span>generalmente <span class=\"_ _7\"></span>con <span class=\"_ _a\"> </span><span class=\"ls2\">la</span> <span class=\"_ _7\"></span>valutazione <span class=\"_ _7\"></span><span class=\"ls4\">al</span> <span class=\"_ _a\"> </span>costo <span class=\"_ _a\"> </span>ammort<span class=\"_ _1\"></span>izzato <span class=\"_ _7\"></span>delle attivit\u00e0/passivit\u00e0<span class=\"_ _1\"></span> finanziarie, ad eccez<span class=\"_ _1\"></span>ione degli strumenti derivat<span class=\"_ _1\"></span>i e degli altri strumenti di capitale valutati al fair value<span class=\"ff1f\">. </span>In<span class=\"ls0\"> conformit\u00e0 <span class=\"ff22\">all\u2019IFRS</span> 7, i crediti diversi e <span class=\"ls16\">le</span> altre <span class=\"_ _3\"></span>attivit\u00e0 correnti,<span class=\"_ _1\"></span> rappresentati nella tabella <span class=\"_ _e\"></span>che <span class=\"_ _11\"></span>segue, <span class=\"_ _11\"></span>non </span>includono i c<span class=\"_ _1\"></span>rediti verso <span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>\u2019Erario, i ra<span class=\"_ _1\"></span>tei e riscon<span class=\"_ _1\"></span>ti attivi e <span class=\"_ _1\"></span>i crediti ver<span class=\"_ _1\"></span>so enti p<span class=\"_ _1\"></span>rev<span class=\"_ _2\"></span>iden<span class=\"_ _1\"></span>zia<span class=\"_ _2\"></span>li. Analogamente i<span class=\"_ _1\"></span> debiti dive<span class=\"_ _1\"></span>rsi e altre pa<span class=\"_ _1\"></span>ssivit\u00e0 correnti<span class=\"_ _1\"></span> non includono<span class=\"_ _2\"></span> i<span class=\"_ _3\"></span> debiti ve<span class=\"_ _1\"></span>rso enti prev<span class=\"_ _1\"></span>idenziali, <span class=\"_ _1\"></span>i ratei <span class=\"_ _1\"></span>e risconti passivi e l<span class=\"_ _1\"></span>e ferie m<span class=\"_ _1\"></span>aturate e non godu<span class=\"_ _1\"></span>te. De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _128\"> </span><span class=\"ff28\">31/<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2/<span class=\"_ _1\"></span>20<span class=\"_ _2\"></span>22<span class=\"_ _58\"> </span>3<span class=\"_ _1\"></span>1/<span class=\"_ _1\"></span>12<span class=\"_ _2\"></span>/20<span class=\"_ _1\"></span>21</span>ATTIV<span class=\"_ _1\"></span>ITA\u2019 <span class=\"_ _3\"></span>FINANZ<span class=\"_ _1\"></span>IARI<span class=\"_ _3\"></span>EAttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> al co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ortiz<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>atoCredi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>no<span class=\"_ _2\"></span>n corrent<span class=\"_ _1\"></span>i<span class=\"_ _d5\"> </span><span class=\"ff27\">0,<span class=\"_ _1\"></span>8<span class=\"_ _26d\"> </span>0,<span class=\"_ _1\"></span>2</span>Al<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span> no<span class=\"_ _2\"></span>n correnti<span class=\"_ _211\"> </span><span class=\"ff27\">4,3<span class=\"_ _26d\"> </span>4<span class=\"_ _1\"></span>,7</span>Credi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>com<span class=\"_ _2\"></span>merci<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _16e\"> </span><span class=\"ff27\">264<span class=\"_ _1\"></span>,3<span class=\"_ _26e\"> </span>28<span class=\"_ _2\"></span>8,8</span>Credi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>verso con<span class=\"_ _2\"></span>trol<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>gate <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _45\"> </span><span class=\"ff27\">2,6<span class=\"_ _26d\"> </span>2<span class=\"_ _2\"></span>,9</span>Credi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>versi<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>tre<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>correnti<span class=\"_ _4d\"> </span><span class=\"ff27\">32,1<span class=\"_ _263\"> </span>26,<span class=\"_ _1\"></span>0</span>Credi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>correnti<span class=\"_ _d6\"> </span><span class=\"ff27\">1<span class=\"_ _2\"></span>,0<span class=\"_ _26d\"> </span>0,3</span>Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>qu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>de e<span class=\"_ _3\"></span> mez<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span> equ<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>enti<span class=\"_ _24d\"> </span><span class=\"ff27\">5<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>3<span class=\"_ _26e\"> </span>11<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>0</span>Attiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> al f<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> imp<span class=\"_ _2\"></span>utate<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a co<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomicoDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cop<span class=\"_ _1\"></span>erturaAl<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> stru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>api<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e no<span class=\"_ _2\"></span>n c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrentiAttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> al f<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> imp<span class=\"_ _2\"></span>utate<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nto e<span class=\"_ _11\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomi<span class=\"_ _1\"></span>co<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivoDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _227\"> </span><span class=\"ff27\">1,3<span class=\"_ _26d\"> </span>0<span class=\"_ _1\"></span>,2</span>Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> stru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>api<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e no<span class=\"_ _2\"></span>n c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrenti<span class=\"_ _109\"> </span><span class=\"ff27\">5,4<span class=\"_ _26d\"> </span>2<span class=\"_ _1\"></span>,5</span>TOTA<span class=\"_ _3\"></span>LE<span class=\"_ _147\"> </span><span class=\"ff28\">366<span class=\"_ _2\"></span>,2<span class=\"_ _26f\"> </span>43<span class=\"_ _2\"></span>8,6</span>PASS<span class=\"_ _2\"></span>I<span class=\"_ _3\"></span>V<span class=\"_ _2\"></span>ITA<span class=\"_ _3\"></span>\u2019 FIN<span class=\"_ _3\"></span>ANZ<span class=\"_ _2\"></span>I<span class=\"_ _3\"></span>ARI<span class=\"_ _3\"></span>EPa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>anz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>rie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>to<span class=\"_ _3\"></span> am<span class=\"_ _2\"></span>mortiz<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>atoDe<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> e pass<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t\u00e0 no<span class=\"_ _2\"></span>n correnti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _11c\"> </span><span class=\"ff27\">40,<span class=\"_ _1\"></span>0<span class=\"_ _60\"> </span>3<span class=\"_ _2\"></span>9,6</span>Al<span class=\"_ _2\"></span>tre pass<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t\u00e0 no<span class=\"_ _2\"></span>n correntiP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrenti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tratti<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ocazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _215\"> </span><span class=\"ff27\">13<span class=\"_ _2\"></span>3,6<span class=\"_ _26e\"> </span>15<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>9</span>De<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rso ban<span class=\"_ _1\"></span>cheDe<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _196\"> </span><span class=\"ff27\">31,<span class=\"_ _1\"></span>8<span class=\"_ _60\"> </span>3<span class=\"_ _2\"></span>6,8</span>De<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _c9\"> </span><span class=\"ff27\">30<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,1<span class=\"_ _26e\"> </span>29<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,8</span>De<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rso c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>gate e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>oci<span class=\"_ _2\"></span>ate<span class=\"_ _157\"> </span><span class=\"ff27\">11,8<span class=\"_ _26d\"> </span>7<span class=\"_ _2\"></span>,5</span>De<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>versi<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>tre <span class=\"_ _3\"></span>passi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>correnti<span class=\"_ _a8\"> </span><span class=\"ff27\">38<span class=\"_ _1\"></span>,8<span class=\"_ _270\"> </span>42<span class=\"_ _2\"></span>,1</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tratti<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ocazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _47\"> </span><span class=\"ff27\">28,<span class=\"_ _1\"></span>8<span class=\"_ _270\"> </span>29<span class=\"_ _1\"></span>,9</span>Pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>anz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>rie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al f<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> imp<span class=\"_ _2\"></span>utate<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a co<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomicoDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cop<span class=\"_ _1\"></span>erturaPa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>anz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>rie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al f<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> imp<span class=\"_ _2\"></span>utate<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomi<span class=\"_ _1\"></span>co<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivoDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _271\"> </span><span class=\"ff27\">0,<span class=\"_ _1\"></span>4</span>TOTA<span class=\"_ _3\"></span>LE<span class=\"_ _147\"> </span><span class=\"ff28\">591<span class=\"_ _2\"></span>,9<span class=\"_ _26f\"> </span>61<span class=\"_ _2\"></span>0,0</span>Tra <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>finanziarie <span class=\"_ _2\"></span>valutate <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f\">imputate <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>mplessivo <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>classificati <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>titoli </span></span>e <span class=\"ls16\">le</span> <span class=\"_ _1\"></span>partecipazioni<span class=\"_ _1\"></span> che <span class=\"_ _2\"></span>non sono <span class=\"_ _1\"></span>n\u00e9 <span class=\"_ _1\"></span>di co<span class=\"_ _1\"></span>ntrollo, <span class=\"_ _2\"></span>n\u00e9 <span class=\"ls6\">di</span> collegamento, n\u00e9 d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> trading <span class=\"_ _1\"></span>definiti co<span class=\"_ _1\"></span>me altri stru<span class=\"_ _1\"></span>menti di <span class=\"_ _11\"></span>ca<span class=\"_ _3\"></span>pitale. <span class=\"_ _11\"></span>La <span class=\"_ _6\"></span>scelta <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>Gruppo <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>valutare <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>strumento<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>al <span class=\"_ _7\"></span><span class=\"ff24\">fair <span class=\"_ _6\"></span>value <span class=\"_ _11\"></span></span>con <span class=\"_ _6\"></span>variazioni <span class=\"_ _11\"></span>rilevate <span class=\"_ _11\"></span>nelle <span class=\"_ _6\"></span>altre componenti di c<span class=\"_ _1\"></span>onto econo<span class=\"_ _1\"></span>mico comp<span class=\"_ _2\"></span>less<span class=\"_ _2\"></span>ivo.<span class=\"_ _2\"></span> In <span class=\"_ _6\"></span>relazione <span class=\"_ _11\"></span>agli <span class=\"_ _11\"></span>strumenti <span class=\"_ _11\"></span>finanziari <span class=\"_ _6\"></span>rileva<span class=\"_ _1\"></span>ti <span class=\"_ _11\"></span>nella <span class=\"_ _6\"></span>situazione <span class=\"_ _11\"></span>patrimoniale <span class=\"_ _11\"></span>finanziaria <span class=\"_ _11\"></span><span class=\"ls3\">al</span> <span class=\"_ _6\"></span>fair <span class=\"_ _6\"> </span>value <span class=\"_ _6\"> </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 uti<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>izzati per la determinazio<span class=\"_ _1\"></span>ne del fair v<span class=\"_ _1\"></span>alue. I livelli sono dis<span class=\"_ _1\"></span>tinti in: <span class=\"ff1f fs7 fc0\">Livello 1: Pr<span class=\"_ _1\"></span>ezzi quotat<span class=\"_ _1\"></span>i (non rettificati) su<span class=\"_ _1\"></span>i merca<span class=\"_ _1\"></span>ti attivi per a<span class=\"_ _1\"></span>ttivit\u00e0 o pass<span class=\"_ _1\"></span>ivit\u00e0 id<span class=\"_ _2\"></span>entich<span class=\"_ _2\"></span>e; </span><span class=\"ff1f fs7 fc0\">Livello 2: Dati <span class=\"_ _3\"></span><span class=\"ls6\">di</span> input <span class=\"_ _3\"></span>diversi dai prezzi quotati (di cui <span class=\"ls3\">al</span> livello 1) osservabili per <span class=\"ff22\">l\u2019attivit\u00e0 o la passivit\u00e0 sia </span></span>direttamente (co<span class=\"_ _1\"></span>me nel caso dei p<span class=\"_ _1\"></span>rezzi) sia <span class=\"_ _1\"></span>indirettame<span class=\"_ _1\"></span>nte (cio\u00e8 in qua<span class=\"_ _1\"></span>nto derivati dai p<span class=\"_ _1\"></span>rezzi); Livello 3: Dati di input r<span class=\"_ _1\"></span>elativi all\u2019att<span class=\"_ _1\"></span>ivit\u00e0 o alla pass<span class=\"_ _1\"></span>ivit\u00e0 non bas<span class=\"_ _1\"></span>ati su dati d<span class=\"_ _1\"></span>i mercato osse<span class=\"_ _2\"></span>rvab<span class=\"_ _1\"></span>ili.<span class=\"_ _2\"></span> Di seguito le attiv<span class=\"_ _1\"></span>it\u00e0 e passi<span class=\"_ _1\"></span>vit\u00e0 che sono valutat<span class=\"_ _1\"></span>e al fair va<span class=\"_ _1\"></span>lue per livello g<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>arc<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o.<span class=\"_ _1\"></span> G<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>chia<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _e\"></span>l f<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span>g<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> Live<span class=\"_ _11\"></span>llo <span class=\"_ _3\"></span>1<span class=\"_ _1c1\"> </span>Liv<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>llo 2<span class=\"_ _266\"> </span>Liv<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>llo 3<span class=\"_ _88\"> </span>To<span class=\"_ _3\"></span>tales<span class=\"_ _e\"></span>tr<span class=\"_ _2\"></span>um<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nti f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>i 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>/20<span class=\"_ _e\"></span>22ATTIV<span class=\"_ _2\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _2\"></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=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ta<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>coDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ertura<span class=\"_ _1ec\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _272\"> </span>1<span class=\"_ _2\"></span>,3Atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ta<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co com<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>oAl<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>tru<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> rapp<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _273\"> </span>0<span class=\"_ _2\"></span>,3<span class=\"_ _221\"> </span>5,<span class=\"_ _2\"></span>1<span class=\"_ _14e\"> </span>5,<span class=\"_ _2\"></span>4TOTALE<span class=\"_ _1af\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _165\"> </span>1<span class=\"_ _3\"></span>,3<span class=\"_ _204\"> </span>5<span class=\"_ _3\"></span>,1<span class=\"_ _2f\"> </span>6,<span class=\"_ _3\"></span>7PAS<span class=\"_ _1\"></span>SIV<span class=\"_ _2\"></span>ITA\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _2\"></span>IARI<span class=\"_ _3\"></span>EP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>r val<span class=\"_ _0\"></span>ue i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>tate<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co com<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ertura<span class=\"_ _1ec\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _272\"> </span>0<span class=\"_ _2\"></span>,4TOTALE<span class=\"_ _4b\"> </span>0,<span class=\"_ _3\"></span>4<span class=\"_ _1f5\"> </span>0,4G<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>chia<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span> de<span class=\"_ _e\"></span>l f<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _2\"></span> v<span class=\"_ _3\"></span>alu<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span>g<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> Live<span class=\"_ _11\"></span>llo <span class=\"_ _3\"></span>1<span class=\"_ _274\"> </span>Live<span class=\"_ _11\"></span>llo <span class=\"_ _3\"></span>2<span class=\"_ _266\"> </span>Liv<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>llo<span class=\"_ _3\"></span> 3<span class=\"_ _234\"> </span>Totales<span class=\"_ _e\"></span>tr<span class=\"_ _2\"></span>um<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nti f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>i 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>/20<span class=\"_ _e\"></span>21ATTIV<span class=\"_ _2\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _2\"></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=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>tate <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cop<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra0<span class=\"_ _3\"></span>,2<span class=\"_ _273\"> </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=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>tate <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o com<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>oAl<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>tru<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> rapp<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>tati<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ca<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _237\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _ae\"> </span>2,<span class=\"_ _2\"></span>1<span class=\"_ _8d\"> </span>2,<span class=\"_ _2\"></span>4TOTALE<span class=\"_ _275\"> </span>0<span class=\"_ _3\"></span>,3<span class=\"_ _1fd\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _204\"> </span>2<span class=\"_ _3\"></span>,1<span class=\"_ _2f\"> </span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6PAS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>IV<span class=\"_ _2\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _2\"></span>IARI<span class=\"_ _3\"></span>EP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>r v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>utate a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co com<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cop<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _9b\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span>0,<span class=\"_ _2\"></span>4TOTALE<span class=\"_ _19d\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _276\"> </span>0<span class=\"_ _3\"></span>,4In<span class=\"ls0\"> <span class=\"_ _2\"></span>conformit\u00e0 <span class=\"_ _2\"></span><span class=\"ff22\">all\u2019IFR<span class=\"_ _1\"></span>S<span class=\"ff1f\"> <span class=\"_ _2\"></span>7, <span class=\"_ _2\"></span><span class=\"ls33\">si<span class=\"ls0\"> <span class=\"_ _0\"></span>ri<span class=\"_ _3\"></span>portano <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>seguito <span class=\"_ _2\"></span>gl<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>effetti <span class=\"_ _2\"></span>deg<span class=\"_ _1\"></span>li <span class=\"_ _2\"></span>strumenti <span class=\"_ _0\"></span>fi<span class=\"_ _3\"></span>nanzia<span class=\"_ _1\"></span>ri <span class=\"_ _2\"></span>prodotti <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span>economico </span></span></span></span></span>e pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _1\"></span>netto <span class=\"_ _2\"></span>che comprendo<span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>principal<span class=\"_ _1\"></span>mente <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>utili <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>perdite <span class=\"_ _2\"></span>derivanti <span class=\"_ _1\"></span>dall\u2019acquisto <span class=\"_ _2\"></span>e dalla <span class=\"_ _2\"></span>vendita di <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _11\"></span>o <span class=\"_ _11\"></span>passivit\u00e0 <span class=\"_ _11\"></span>finanziarie <span class=\"_ _11\"></span>nonch\u00e9 <span class=\"_ _11\"></span>dalle <span class=\"_ _e\"></span>variazioni <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>valore <span class=\"_ _e\"></span>degli <span class=\"_ _11\"></span>strumenti <span class=\"_ _11\"></span>finanziari <span class=\"_ _e\"></span>val<span class=\"_ _3\"></span>utati <span class=\"_ _e\"></span>al <span class=\"_ _7\"></span><span class=\"ff24\">fair </span>value <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dagli <span class=\"_ _2\"></span>interessi a<span class=\"_ _1\"></span>ttivi/ <span class=\"_ _2\"></span>passivi mat<span class=\"_ _1\"></span>urati <span class=\"_ _2\"></span>sulle attivit\u00e0/pa<span class=\"_ _1\"></span>ssivit\u00e0 <span class=\"_ _2\"></span>fi<span class=\"_ _3\"></span>nanziarie <span class=\"_ _2\"></span>valutate a<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>costo <span class=\"_ _1\"></span>ammort<span class=\"_ _1\"></span>izzato. No<span class=\"_ _3\"></span>ta<span class=\"_ _6b\"> </span><span class=\"ff28\">31<span class=\"_ _1\"></span>/1<span class=\"_ _2\"></span>2/2<span class=\"_ _1\"></span>02<span class=\"_ _2\"></span>2<span class=\"_ _156\"> </span>3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>/1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>/2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>21</span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>tti (pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>dite<span class=\"_ _e\"></span> ne<span class=\"_ _e\"></span>tte<span class=\"_ _e\"></span>) ri<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>vati s<span class=\"_ _e\"></span>u a<span class=\"_ _2\"></span>ttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>rie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>uta<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>l f<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _2\"></span> v<span class=\"_ _3\"></span>alu<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> ne<span class=\"_ _e\"></span>ll<span class=\"_ _1\"></span>\u2019u<span class=\"_ _1\"></span>tile<span class=\"_ _e\"></span> (pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>dita<span class=\"_ _2\"></span>) di e<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _2\"></span>ioAltr<span class=\"_ _2\"></span>i s<span class=\"_ _e\"></span>tru<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span> di cap<span class=\"_ _2\"></span>ita<span class=\"_ _1\"></span>led<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e (perd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta) <span class=\"_ _3\"></span>da el<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>naz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tabi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _277\"> </span><span class=\"ff27 ls7a\">10</span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>tti (pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>dite<span class=\"_ _e\"></span> ne<span class=\"_ _e\"></span>tte<span class=\"_ _e\"></span>) ri<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>vati s<span class=\"_ _e\"></span>u a<span class=\"_ _2\"></span>ttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>rie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>uta<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>l co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>to<span class=\"_ _3\"></span> a<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>morti<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>za<span class=\"_ _2\"></span>toAttivit\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ieAcc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ento<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> fon<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> s<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>ut<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _278\"> </span><span class=\"ff27\">8<span class=\"_ _170\"> </span>(1,2<span class=\"_ _2\"></span>)<span class=\"_ _170\"> </span>(0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>)</span>Uti<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(p<span class=\"_ _1\"></span>erdi<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>) deri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>'e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tabi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>redi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>versi<span class=\"_ _8e\"> </span><span class=\"ff27 fc1\">9<span class=\"_ _7b\"> </span>(0<span class=\"_ _2\"></span>,1)</span>Uti<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(p<span class=\"_ _1\"></span>erdi<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>) deri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>'e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tabi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>redi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>tre <span class=\"_ _3\"></span>atti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _ea\"> </span><span class=\"ff27 fc1 ls7a\">10<span class=\"_ _7b\"> </span><span class=\"ls0\">(0<span class=\"_ _2\"></span>,3)</span></span>Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>utaz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>presi<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span> ri<span class=\"_ _2\"></span>pri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _279\"> </span>10<span class=\"_ _7b\"> </span><span class=\"ls0\">(0<span class=\"_ _2\"></span>,1)<span class=\"_ _91\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>)</span>Pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ried<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e (perd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta) <span class=\"_ _3\"></span>da el<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>naz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tabi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _277\"> </span><span class=\"ff27 ls7a\">11</span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e (perd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta) <span class=\"_ _3\"></span>da ri<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>ego<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _d4\"> </span><span class=\"ff27 ls7a\">11</span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>tti (pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>dite<span class=\"_ _e\"></span> ne<span class=\"_ _e\"></span>tte<span class=\"_ _e\"></span>) ri<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>vati s<span class=\"_ _e\"></span>u in<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>tim<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nti in<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>tr<span class=\"_ _2\"></span>um<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nti d<span class=\"_ _1\"></span>i cap<span class=\"_ _2\"></span>ital<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> v<span class=\"_ _3\"></span>alu<span class=\"_ _2\"></span>tati a<span class=\"_ _2\"></span>l f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> v<span class=\"_ _3\"></span>alu<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> ri<span class=\"_ _2\"></span>le<span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>ato <span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>l co<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomico <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivoAltr<span class=\"_ _2\"></span>i s<span class=\"_ _e\"></span>tru<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span> di cap<span class=\"_ _2\"></span>ita<span class=\"_ _1\"></span>led<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e (perd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta) <span class=\"_ _3\"></span>da vari<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fa<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>r v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>ue<span class=\"_ _27a\"> </span><span class=\"ff27 ls7a\">18<span class=\"_ _11e\"> </span><span class=\"ls0\">(0,1<span class=\"_ _2\"></span>)</span></span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>tti (pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>dite<span class=\"_ _e\"></span> ne<span class=\"_ _e\"></span>tte<span class=\"_ _e\"></span>) ri<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>vati s<span class=\"_ _e\"></span>u d<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>ivati<span class=\"_ _1\"></span> cas<span class=\"_ _e\"></span>h<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>lo<span class=\"_ _3\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>he<span class=\"_ _e\"></span>d<span class=\"_ _1\"></span>geDe<span class=\"_ _e\"></span>ri<span class=\"_ _1\"></span>vati d<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ad<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e (perd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta) <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>tati<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co com<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>essi<span class=\"_ _2\"></span>vo<span class=\"_ _242\"> </span>33<span class=\"_ _df\"> </span><span class=\"ls0\">1,7<span class=\"_ _b8\"> </span>0,<span class=\"_ _2\"></span>6</span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e (perd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta) <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>tati<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co<span class=\"_ _216\"> </span>11<span class=\"_ _7b\"> </span><span class=\"ls0\">(0<span class=\"_ _2\"></span>,2)<span class=\"_ _91\"> </span>(0,<span class=\"_ _1\"></span>5)</span>Inte<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i atti<span class=\"_ _2\"></span>v<span class=\"_ _e\"></span>i (p<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>ivi) al ta<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>di in<span class=\"_ _2\"></span>te<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ttivo<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> ma<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>ati s<span class=\"_ _e\"></span>u<span class=\"_ _1\"></span>lle<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>vit\u00e0/<span class=\"_ _1\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> non al FV<span class=\"_ _2\"></span>PTLIn<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _2\"></span> su<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>redi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>/fi<span class=\"_ _0\"></span>nan<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>amen<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span> al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>sto<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ato<span class=\"_ _27b\"> </span>11<span class=\"_ _df\"> </span><span class=\"ls0\">0,2<span class=\"_ _117\"> </span>0,1</span>In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su p<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>costo<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>amm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>zato<span class=\"_ _27c\"> </span>11<span class=\"_ _7b\"> </span><span class=\"ls0\">(1<span class=\"_ _2\"></span>,7)<span class=\"_ _91\"> </span>(1<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>)</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>per con<span class=\"_ _2\"></span>tra<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _1af\"> </span>11<span class=\"_ _27d\"> </span><span class=\"ls0\">(3,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _91\"> </span>(3,2<span class=\"_ _2\"></span>)</span>Sp<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ioni non in<span class=\"_ _1\"></span>clus<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span> ne<span class=\"_ _e\"></span>l tas<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>di in<span class=\"_ _2\"></span>te<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ttivoP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>osto<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>zato<span class=\"_ _27e\"> </span>11<span class=\"_ _27d\"> </span><span class=\"ls0\">(5,0<span class=\"_ _2\"></span>)<span class=\"_ _170\"> </span>(5<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)</span>43<span class=\"ls0\">.<span class=\"fc0\"> V<span class=\"_ _2\"></span>ariaz<span class=\"_ _2\"></span>ione n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>i de<span class=\"_ _2\"></span>biti <span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span> e <span class=\"_ _2\"></span>di al<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>tti<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>rie<span class=\"_ _2\"></span> espr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sa <span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>l r<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>dic<span class=\"_ _2\"></span>onto </span></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io Si riportano <span class=\"_ _1\"></span>di segu<span class=\"_ _1\"></span>ito le va<span class=\"_ _1\"></span>riazioni de<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> debiti <span class=\"_ _1\"></span>finanziari<span class=\"_ _1\"></span> e delle a<span class=\"_ _1\"></span>ltre a<span class=\"_ _1\"></span>ttivit\u00e0 finanziarie. La <span class=\"_ _1\"></span>tabella con<span class=\"_ _2\"></span>se<span class=\"_ _3\"></span>nte 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=\"_ _3\"></span>t<span class=\"_ _3\"></span>otale delle <span class=\"_ _3\"></span>var<span class=\"_ _3\"></span>iazioni <span class=\"_ _3\"></span>registrate, per <span class=\"_ _e\"></span>il periodo in esame, ne<span class=\"_ _1\"></span>l prospetto re<span class=\"_ _1\"></span>lativo allo sta<span class=\"_ _1\"></span>to patrimon<span class=\"_ _1\"></span>iale consolidato. De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _1cd\"> </span><span class=\"ff28\">31<span class=\"_ _1\"></span>/1<span class=\"_ _2\"></span>2/2<span class=\"_ _1\"></span>02<span class=\"_ _2\"></span>2</span>31<span class=\"_ _2\"></span>/12<span class=\"_ _1\"></span>/2<span class=\"_ _2\"></span>021Flu<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i di                V<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>ion<span class=\"_ _1\"></span>i n<span class=\"_ _2\"></span>on m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>ta<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _3\"></span>               cas<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>aIncr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>ti V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>oni ar<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>a d<span class=\"_ _1\"></span>i Altr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> ne<span class=\"_ _e\"></span>tti le<span class=\"_ _e\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>sco<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olida<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>tov<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>iaz<span class=\"_ _2\"></span>ioniDebi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _27f\"> </span><span class=\"ff27\">-<span class=\"_ _253\"> </span>71,<span class=\"_ _1\"></span>8</span>76<span class=\"_ _2\"></span>,0(5,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)-0,<span class=\"_ _1\"></span>8Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>corrent<span class=\"_ _2\"></span>i<span class=\"_ _280\"> </span>-<span class=\"_ _281\"> </span><span class=\"ff27\">(1,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)</span>(0,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)(0,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)-(0,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>)Deri<span class=\"_ _2\"></span>vati<span class=\"_ _282\"> </span>-<span class=\"_ _281\"> </span><span class=\"ff27\">(1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)</span>0,<span class=\"_ _1\"></span>2-(1,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)-V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>tta<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _e\"></span>i de<span class=\"_ _3\"></span>biti 76<span class=\"_ _2\"></span>,0(5,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)-<span class=\"_ _253\"> </span><span class=\"ff28\">69,<span class=\"_ _1\"></span>5</span>(1,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)0,<span class=\"_ _1\"></span>1f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>i e<span class=\"_ _e\"></span> di al<span class=\"_ _1\"></span>tr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>(atti<span class=\"_ _1\"></span>vit\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span>)Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>ui<span class=\"_ _0\"></span>de<span class=\"_ _283\"> </span>-<span class=\"_ _253\"> </span><span class=\"ff27\">54,<span class=\"_ _1\"></span>3</span>11<span class=\"_ _2\"></span>3,0(58<span class=\"_ _2\"></span>,7)--Debi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>corrent<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>erso b<span class=\"_ _1\"></span>anche<span class=\"_ _284\"> </span>-<span class=\"_ _ed\"> </span>-----Dis<span class=\"_ _e\"></span>poni<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span> liq<span class=\"_ _2\"></span>uid<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> e<span class=\"_ _11\"></span> me<span class=\"_ _e\"></span>z<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span> 11<span class=\"_ _2\"></span>3,0(58<span class=\"_ _2\"></span>,7)-<span class=\"_ _253\"> </span><span class=\"ff28\">54,<span class=\"_ _1\"></span>3</span>--e<span class=\"_ _e\"></span>qu<span class=\"_ _1\"></span>ival<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>ntiInd<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>bi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nto <span class=\"_ _3\"></span>(di<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>p<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _2\"></span>) (37<span class=\"_ _2\"></span>,0)53<span class=\"_ _2\"></span>,6-<span class=\"_ _253\"> </span><span class=\"ff28\">15,<span class=\"_ _1\"></span>2</span>(1,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)0,<span class=\"_ _1\"></span>1f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>io <span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>ttoPa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>be<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>i in<span class=\"_ _1\"></span> le<span class=\"_ _e\"></span>as<span class=\"_ _3\"></span>ing<span class=\"_ _16d\"> </span><span class=\"ff28\">4,<span class=\"_ _1\"></span>5<span class=\"_ _216\"> </span>162<span class=\"_ _2\"></span>,4</span>18<span class=\"_ _2\"></span>4,8(26<span class=\"_ _2\"></span>,9)--Si<span class=\"ls0\"> <span class=\"_ _e\"></span>evidenzia <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>debiti <span class=\"_ _e\"></span>verso <span class=\"_ _e\"></span>banche <span class=\"_ _3\"></span><span class=\"ls2\">in</span> <span class=\"_ _e\"></span>conto <span class=\"_ _e\"></span>corrente, <span class=\"_ _e\"></span>come <span class=\"_ _e\"></span>previsto <span class=\"_ _e\"></span>dai <span class=\"_ _e\"></span>principi <span class=\"_ _e\"></span>contabili <span class=\"_ _11\"></span>internazionali,<span class=\"_ _1\"></span> </span>concorrono alla <span class=\"_ _1\"></span>variazione <span class=\"_ _1\"></span>delle disponib<span class=\"_ _1\"></span>ilit\u00e0 liquide e <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ezzi equival<span class=\"_ _1\"></span>enti. 44. A<span class=\"_ _2\"></span>mmonta<span class=\"_ _2\"></span>re de<span class=\"_ _2\"></span>i compe<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>gl<span class=\"_ _1\"></span>i o<span class=\"_ _2\"></span>rgani <span class=\"_ _2\"></span>socia<span class=\"_ _1\"></span>li Con <span class=\"_ _7\"></span>riferimento <span class=\"_ _7\"></span>a <span class=\"_ _a\"> </span>Ca<span class=\"_ _1\"></span>iro <span class=\"_ _7\"></span>Communication <span class=\"_ _7\"></span>ed <span class=\"_ _a\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>sue <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>rollate, <span class=\"_ _7\"></span>diverse <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>quelle <span class=\"_ _7\"></span>appartenenti <span class=\"_ _7\"></span>al Gruppo <span class=\"_ _4\"> </span>RCS, <span class=\"_ _5\"> </span>sono <span class=\"_ _4\"> </span>di <span class=\"_ _5\"> </span>seguito <span class=\"_ _4\"> </span>fornite <span class=\"_ _4\"> </span>le <span class=\"_ _5\"> </span>informazi<span class=\"_ _1\"></span>oni <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=\"_ _3\"></span> <span class=\"_ _4\"> </span>compensi <span class=\"_ _4\"> </span>agli Amministratori, <span class=\"_ _1\"></span>ai S<span class=\"_ _1\"></span>indaci, <span class=\"_ _1\"></span>ai Direttor<span class=\"_ _1\"></span>i Genera<span class=\"_ _1\"></span>li e a<span class=\"_ _1\"></span>i Dirigent<span class=\"_ _1\"></span>i con r<span class=\"_ _1\"></span>esponsabilit<span class=\"_ _1\"></span>\u00e0 strategiche nelle var<span class=\"_ _1\"></span>ie for<span class=\"_ _1\"></span>me in cui sono stati <span class=\"_ _1\"></span>loro corris<span class=\"_ _1\"></span>posti: Figur<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>pons<span class=\"_ _e\"></span>a<span class=\"_ _2\"></span>bil<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> s<span class=\"_ _11\"></span>tr<span class=\"_ _2\"></span>ate<span class=\"_ _e\"></span>gic<span class=\"_ _3\"></span>aCo<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>rviz<span class=\"_ _2\"></span>iCo<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti de<span class=\"_ _e\"></span>l De<span class=\"_ _e\"></span>biti<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>i e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ltr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> (v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro)pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>na<span class=\"_ _2\"></span>le<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>(RAL)pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiCo<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Am<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>straz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>- e<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ol<span class=\"_ _0\"></span>um<span class=\"_ _2\"></span>enti(0,<span class=\"_ _2\"></span>3)--Co<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>egi<span class=\"_ _0\"></span>o Si<span class=\"_ _0\"></span>nd<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e - <span class=\"_ _3\"></span>emo<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti(0,<span class=\"_ _2\"></span>1)-0,<span class=\"_ _2\"></span>1Am<span class=\"_ _2\"></span>mi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>stra<span class=\"_ _3\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> del<span class=\"_ _2\"></span>eg<span class=\"_ _1\"></span>ati(1,<span class=\"_ _2\"></span>0)(0,<span class=\"_ _2\"></span>8)0,<span class=\"_ _2\"></span>5Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>enti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span> re<span class=\"_ _3\"></span>spo<span class=\"_ _2\"></span>nsab<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>strategi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a(0,<span class=\"_ _2\"></span>3)(1,<span class=\"_ _2\"></span>9)0,<span class=\"_ _2\"></span>4Totale(1,<span class=\"_ _2\"></span>7)(2,<span class=\"_ _2\"></span>7)1,<span class=\"_ _2\"></span>0Tali <span class=\"_ _6\"></span>informazioni <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>analizzate <span class=\"_ _11\"></span>in <span class=\"_ _7\"> </span>dettaglio <span class=\"_ _6\"></span>nell\u2019ap<span class=\"ff1f\">posita <span class=\"_ _6\"></span>Relazione <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>remunerazione <span class=\"_ _11\"></span>r<span class=\"_ _3\"></span>edatta <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>sensi </span>dell\u2019art. 123-ter de<span class=\"_ _1\"></span>l TUF. Il <span class=\"_ _11\"></span>bilancio <span class=\"_ _11\"></span>consolidato <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>Cairo <span class=\"_ _6\"></span>Com<span class=\"_ _1\"></span>munication <span class=\"_ _e\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _11\"></span>202<span class=\"_ _3\"></span>2 <span class=\"_ _11\"></span>include <span class=\"_ _11\"></span>inoltre, <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>7,8 <span class=\"_ _11\"></span>milioni, compensi agli Amministrat<span class=\"_ _1\"></span>ori, ai Sindaci e ai Dirigenti con responsabilit\u00e0 strategi<span class=\"_ _1\"></span>che riconducibi<span class=\"_ _1\"></span>li al Gruppo RCS come di segu<span class=\"_ _1\"></span>ito dettagliato<span class=\"_ _1\"></span>: Fi<span class=\"_ _1\"></span>g<span class=\"_ _3\"></span>ur<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>po<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>a<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> s<span class=\"_ _11\"></span>tr<span class=\"_ _2\"></span>ate<span class=\"_ _e\"></span>g<span class=\"_ _3\"></span>icaCo<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>viz<span class=\"_ _1\"></span>iCo<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti de<span class=\"_ _e\"></span>l De<span class=\"_ _11\"></span>bi<span class=\"_ _2\"></span>ti dive<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>i e<span class=\"_ _e\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>)p<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>rs<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>na<span class=\"_ _2\"></span>le<span class=\"_ _11\"></span> (RA<span class=\"_ _3\"></span>L)a<span class=\"_ _2\"></span>ltr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiCo<span class=\"_ _2\"></span>nsi<span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>straz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne(4<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)-<span class=\"_ _17b\"> </span><span class=\"ff27\">1,<span class=\"_ _2\"></span>5</span>Co<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>eg<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> Si<span class=\"_ _0\"></span>nd<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e - <span class=\"_ _3\"></span>em<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ent<span class=\"_ _1\"></span>i(0<span class=\"_ _1\"></span>,2<span class=\"_ _2\"></span>)-<span class=\"_ _17b\"> </span><span class=\"ff27\">0,<span class=\"_ _2\"></span>2</span>Di<span class=\"_ _2\"></span>ri<span class=\"_ _0\"></span>gen<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span> re<span class=\"_ _3\"></span>spo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>sa<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>strate<span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ca-<span class=\"_ _268\"> </span><span class=\"ff27\">(3<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _17b\"> </span>0,5</span>Totale(4<span class=\"_ _1\"></span>,5<span class=\"_ _2\"></span>)<span class=\"_ _268\"> </span>(3,3<span class=\"_ _2\"></span>)<span class=\"_ _17b\"> </span>2,2Per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>figure <span class=\"_ _11\"></span>che <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _11\"></span>RCS <span class=\"_ _6\"></span>indentifica <span class=\"_ _6\"></span>come <span class=\"_ _11\"></span>figure <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>responsabil<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _6\"></span>strategica <span class=\"_ _11\"></span>si <span class=\"_ _6\"></span>rimanda<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>quanto elencato <span class=\"_ _1d5\"> </span>nella <span class=\"_ _1d5\"> </span>Sezione <span class=\"_ _1d5\"> </span>I <span class=\"_ _1d5\"> </span>della <span class=\"_ _1d5\"> </span>Relazione <span class=\"_ _1d5\"> </span>sulla <span class=\"_ _1d5\"> </span>Remunerazion<span class=\"_ _1\"></span>e <span class=\"_ _1d5\"> </span>pubblicata <span class=\"_ _1d5\"> </span>su <span class=\"_ _1c\"> </span>sito <span class=\"_ _1d5\"> </span>internet Per <span class=\"_ _3\"></span>ulteriori <span class=\"_ _3\"></span>informazioni circa <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>impegni verso <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>figure <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>esponsab<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_ _3\"></span>strategica <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>RCS<span class=\"_ _3\"></span> MediaGroup S.p.A. <span class=\"ls33\">si</span> riman<span class=\"_ _1\"></span>da a quanto desc<span class=\"_ _1\"></span>ritto nella Relazion<span class=\"_ _1\"></span>e sulla Remuner<span class=\"_ _1\"></span>azione di <span class=\"_ _e\"></span>RCS <span class=\"_ _12\"> </span>pubblicata <span class=\"_ _3\"></span>sul sito <span class=\"_ _3\"></span>internet 45. F<span class=\"_ _2\"></span>atti <span class=\"_ _1\"></span>di r<span class=\"_ _2\"></span>ilie<span class=\"_ _1\"></span>vo <span class=\"_ _1\"></span>acc<span class=\"_ _2\"></span>aduti <span class=\"_ _1\"></span>dal<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>hiu<span class=\"_ _1\"></span>sur<span class=\"_ _2\"></span>a del<span class=\"_ _1\"></span>l\u2019es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>o Non <span class=\"ls49\">si</span> <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>verificati event<span class=\"_ _1\"></span>i suc<span class=\"_ _1\"></span>cessivi <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>chiusur<span class=\"_ _1\"></span>a <span class=\"ff22\">de<span class=\"_ _1\"></span>ll\u2019esercizio<span class=\"_ _1\"></span><span class=\"ff1f\"> tali <span class=\"_ _2\"></span>da richied<span class=\"_ _1\"></span>ere ret<span class=\"_ _1\"></span>tifiche <span class=\"_ _3\"></span>ai valori esposti </span></span>rispetto <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>quanto <span class=\"_ _2\"></span>gi\u00e0 <span class=\"_ _2\"></span>riportato <span class=\"_ _2\"></span>nella <span class=\"_ _2\"></span>presente <span class=\"_ _2\"></span>Relazione <span class=\"_ _2\"></span>Finanziaria <span class=\"_ _2\"></span>An<span class=\"_ _1\"></span>nua<span class=\"_ _2\"></span>le. 46. <span class=\"_ _2\"></span>Tra<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>der<span class=\"_ _2\"></span>ivanti<span class=\"_ _1\"></span> da<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>ope<span class=\"_ _2\"></span>razi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>ati<span class=\"_ _1\"></span>pic<span class=\"_ _2\"></span>he e/o<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>nus<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>non<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>icor<span class=\"_ _2\"></span>renti Ai sensi della <span class=\"_ _3\"></span>Comunicazio<span class=\"_ _1\"></span>ne Consob del 28 <span class=\"_ _3\"></span>luglio 2006 n. DEM/6064296, si precisa che<span class=\"_ _3\"></span> nel corso del <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>2 Cairo <span class=\"_ _12\"> </span>Communication <span class=\"_ _12\"> </span>no<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>ha <span class=\"_ _12\"> </span>posto <span class=\"_ _12\"> </span>in <span class=\"_ _12\"> </span>essere <span class=\"_ _12\"> </span>operazioni <span class=\"_ _12\"> </span>atipich<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>e/o <span class=\"_ _12\"> </span>inusuali, <span class=\"_ _12\"> </span>cos\u00ec <span class=\"_ _12\"> </span>come<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>definite <span class=\"_ _12\"> </span>dalla Comunicazione s<span class=\"_ _1\"></span>tessa. Il conto <span class=\"_ _3\"></span>economico consolidato<span class=\"_ _1\"></span> i<span class=\"_ _3\"></span>nclude inoltre oneri e pr<span class=\"_ _3\"></span>oventi di <span class=\"_ _3\"></span>natura non ricorrente come analizzati nella precedente No<span class=\"_ _1\"></span>ta 12.<span class=\"ff21 fs8\"> </span>ELENCO PARTECIPAZIONI <span class=\"ls51\">DI</span> <span class=\"_ _1\"></span>GRUPPO AL <span class=\"_ _2\"></span>31 DICEMBRE <span class=\"ls13\">2022</span> Allegato 1<span class=\"_ _2\"></span> Nelle <span class=\"_\"> </span>seguenti <span class=\"_ _285\"> </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=\"_ _285\"> </span><span class=\"ff29\">Cairo <span class=\"_\"> </span>Com<span class=\"_ _3\"></span>munication <span class=\"_\"> </span>con <span class=\"_ _12\"> </span></span>l\u2019indicazione <span class=\"_ _a\"> </span>della denominaz<span class=\"_ _3\"></span>ione, <span class=\"_ _2\"></span>della <span class=\"_ _0\"></span>sede,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>capitale <span class=\"_ _2\"></span>sociale <span class=\"_ _2\"></span>delle <span class=\"_ _0\"></span>quo<span class=\"_ _3\"></span>te <span class=\"_ _2\"></span>possedute <span class=\"_ _2\"></span>direttamente<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>indirettamente <span class=\"_ _2\"></span>dalla <span class=\"_ _2\"></span>controllante<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Cairo Communication<span class=\"_ _3\"></span> S.p.A. e <span class=\"_ _2\"></span>da ciascuna delle controllate, d<span class=\"_ _3\"></span>elle modalit\u00e0 di consolidam<span class=\"_ _3\"></span>ento.<span class=\"_ _3\"></span> Socie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _ac\"> </span>Se<span class=\"_ _3\"></span>deCap<span class=\"_ _2\"></span>itale<span class=\"_ _3\"></span> V<span class=\"_ _2\"></span>alu<span class=\"_ _1\"></span>taSocie<span class=\"_ _e\"></span>t\u00e0 pa<span class=\"_ _2\"></span>rte<span class=\"_ _e\"></span>ci-% Par<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>cip.% Ar<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>a d<span class=\"_ _1\"></span>i atti<span class=\"_ _1\"></span>vit\u00e0Cr<span class=\"_ _1\"></span>ite<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> di s<span class=\"_ _e\"></span>oc<span class=\"_ _3\"></span>ial<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> al<span class=\"_ _1\"></span> pa<span class=\"_ _2\"></span>ntedi<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _e\"></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=\"_ _e\"></span>olida31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2me<span class=\"_ _3\"></span>ntoCai<span class=\"_ _2\"></span>ro Com<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p.A.<span class=\"_ _15e\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _18\"> </span><span class=\"fc1\">6<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>98<span class=\"_ _2\"></span>9.66<span class=\"_ _2\"></span>3<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _24f\"> </span>In<span class=\"_ _2\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _2\"></span>eCai<span class=\"_ _2\"></span>ro Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span> S.p.A.<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _18\"> </span><span class=\"fc1\">1.0<span class=\"_ _2\"></span>43<span class=\"_ _1\"></span>.25<span class=\"_ _2\"></span>6<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>Cai<span class=\"_ _2\"></span>ro 99<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _223\"> </span>99<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>5Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.La 7 S.p.A.<span class=\"_ _56\"> </span>Rom<span class=\"_ _2\"></span>a<span class=\"_ _287\"> </span><span class=\"fc1\">1.0<span class=\"_ _2\"></span>20<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>Cai<span class=\"_ _2\"></span>ro 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _288\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> te<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>va<span class=\"_ _14\"> </span>Integral<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.Cai<span class=\"_ _2\"></span>roRCS<span class=\"_ _1\"></span> Medi<span class=\"_ _2\"></span>a S.p.A.<span class=\"_ _7a\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _113\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _2\"></span>ro 50<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0Co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.79<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>t\u00e0Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eRCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 50<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0S.p<span class=\"_ _1\"></span>.A.Cai<span class=\"_ _2\"></span>ro Ne<span class=\"_ _3\"></span>twork<span class=\"_ _2\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>. <span class=\"_ _ea\"> </span>Mi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _18\"> </span><span class=\"fc1\">5<span class=\"_ _1\"></span>.50<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _2\"></span>ro 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _288\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00Operatore di<span class=\"_ _2\"></span> rete<span class=\"_ _24f\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.Cai<span class=\"_ _2\"></span>ro P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>ng<span class=\"_ _1\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _208\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _161\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _2\"></span>ro 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _288\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.Il<span class=\"_ _2\"></span> Trov<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>re S.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _b0\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>o<span class=\"_ _161\"> </span><span class=\"fc1\">25<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _2\"></span>ro 80<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _223\"> </span>80<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Int<span class=\"_ _1\"></span>ernet <span class=\"_ _28a\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Anabasi<span class=\"_ _2\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _ee\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _2\"></span> <span class=\"_ _1c3\"> </span>10<span class=\"_ _2\"></span>.20<span class=\"_ _1\"></span>0<span class=\"_ _286\"> </span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _14a\"> </span>Cai<span class=\"_ _2\"></span>ro Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tore S.p.A.<span class=\"_ _75\"> </span>1<span class=\"_ _1\"></span>00<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _223\"> </span>99<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>5<span class=\"_ _234\"> </span><span class=\"fc0\">Edi<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _2\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _2\"></span>e</span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> S.p.A.<span class=\"_ _14e\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _2\"></span> <span class=\"_ _1c7\"> </span><span class=\"fc1\">27<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _2\"></span>ro 59<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>9<span class=\"_ _223\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.My<span class=\"_ _2\"></span>Be<span class=\"_ _3\"></span>auty<span class=\"_ _2\"></span>Box<span class=\"_ _1\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _187\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>o<span class=\"_ _161\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 90<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _223\"> </span>53<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>2Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Bl<span class=\"_ _2\"></span>ei<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.r.l<span class=\"_ _2\"></span>. <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>azi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _8c\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _18\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>54<span class=\"_ _2\"></span>8.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _223\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _24f\"> </span>In<span class=\"_ _2\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.RCS P<span class=\"_ _3\"></span>rod<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.p.A.<span class=\"_ _10a\"> </span>Ro<span class=\"_ _2\"></span>ma<span class=\"_ _8\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>aG<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _223\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69P<span class=\"_ _3\"></span>rod<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.RCS P<span class=\"_ _3\"></span>rod<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _dd\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _18\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>aG<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _223\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69P<span class=\"_ _3\"></span>rod<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.RCS P<span class=\"_ _3\"></span>rod<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>do<span class=\"_ _2\"></span>va S.p.A.<span class=\"_ _22b\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _113\"> </span><span class=\"fc1\">50<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _223\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69P<span class=\"_ _3\"></span>rod<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Co<span class=\"_ _1\"></span>nso<span class=\"_ _2\"></span>rzi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Maratho<span class=\"_ _2\"></span>n S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _219\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _161\"> </span>20<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _19\"> </span>RCS Sp<span class=\"_ _2\"></span>ort S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _75\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _223\"> </span>5<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>69<span class=\"_ _22f\"> </span><span class=\"fc0\">Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _162\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>RCS Sp<span class=\"_ _2\"></span>ort S<span class=\"_ _1\"></span>.p.A.<span class=\"_ _b4\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _113\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _223\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _162\"> </span>In<span class=\"_ _2\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.So<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> Spo<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>va Di<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ttant<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span> RCS Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _161\"> </span>1<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span>Euro<span class=\"_ _19\"> </span>RCS<span class=\"_ _1\"></span> Sp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rt S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _75\"> </span>1<span class=\"_ _1\"></span>00<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _223\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9<span class=\"_ _22f\"> </span><span class=\"fc0\">Servi<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _162\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>Acti<span class=\"_ _2\"></span>ve Te<span class=\"_ _3\"></span>am a r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.Socie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _2c\"> </span>S<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>deCap<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>le<span class=\"_ _e\"></span> V<span class=\"_ _2\"></span>alu<span class=\"_ _1\"></span>taSocie<span class=\"_ _e\"></span>t\u00e0 % Par<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>cip.% Co<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olid.<span class=\"_ _148\"> </span>Are<span class=\"_ _e\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>di a<span class=\"_ _1\"></span>ttivit\u00e0Cri<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> di s<span class=\"_ _e\"></span>oc<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> al<span class=\"_ _1\"></span> pa<span class=\"_ _2\"></span>rte<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ipa<span class=\"_ _2\"></span>ntedir<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ttaco<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lida<span class=\"_ _2\"></span>me<span class=\"_ _e\"></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=\"_ _2\"></span>orts &amp; <span class=\"_ _3\"></span>Ev<span class=\"_ _1\"></span>ents S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _52\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>o<span class=\"_ _6c\"> </span><span class=\"fc1\">10.0<span class=\"_ _2\"></span>00<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Di<span class=\"_ _2\"></span>gi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> Fac<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>ry<span class=\"_ _1\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _27d\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _14b\"> </span><span class=\"fc1\">50<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9Tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>o<span class=\"_ _75\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Sfera <span class=\"_ _3\"></span>Servi<span class=\"_ _2\"></span>ce S.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _17b\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _6c\"> </span><span class=\"fc1\">52<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9Servi<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _64\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Tro<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>avo<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _243\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _14b\"> </span><span class=\"fc1\">67<span class=\"_ _1\"></span>4.4<span class=\"_ _2\"></span>10<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.M-Di<span class=\"_ _2\"></span>s Di<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne Medi<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _14c\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _113\"> </span><span class=\"fc1\">6.3<span class=\"_ _2\"></span>92<span class=\"_ _1\"></span>.72<span class=\"_ _2\"></span>7<span class=\"_ _23\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>aGro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _75\"> </span>Integral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.MDM M<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _1\"></span> Di<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>Medi<span class=\"_ _2\"></span>a Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _14b\"> </span><span class=\"fc1\">61<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.76<span class=\"_ _2\"></span>5<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>M-Di<span class=\"_ _2\"></span>s Di<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne 56<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _85\"> </span>33,<span class=\"_ _2\"></span>43Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _75\"> </span>Integral<span class=\"_ _2\"></span>eS.r.l<span class=\"_ _2\"></span>.Medi<span class=\"_ _2\"></span>a S.p.A.P<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>eroni<span class=\"_ _2\"></span> Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne S.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _20a\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _51\"> </span><span class=\"fc1\">7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>M-Di<span class=\"_ _2\"></span>s Di<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne 51<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _85\"> </span>30,<span class=\"_ _2\"></span>44Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _75\"> </span>Integral<span class=\"_ _2\"></span>eMedi<span class=\"_ _2\"></span>a S.p.A.TO-di<span class=\"_ _2\"></span>s S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _eb\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _51\"> </span><span class=\"fc1\">5<span class=\"_ _2\"></span>10<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>M-Di<span class=\"_ _2\"></span>s Di<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _75\"> </span>Integral<span class=\"_ _2\"></span>eMedi<span class=\"_ _2\"></span>a S.p.A.Em<span class=\"_ _2\"></span>ox<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _36\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _6c\"> </span>10<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span>Euro<span class=\"_ _12\"> </span>Ec<span class=\"_ _3\"></span>om<span class=\"_ _2\"></span>oz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 5D S.L.<span class=\"_ _1d\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>41<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>8<span class=\"_ _15a\"> </span><span class=\"fc0\">Servi<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _64\"> </span>Integral<span class=\"_ _2\"></span>e</span>Canal<span class=\"_ _2\"></span> Mun<span class=\"_ _2\"></span>do<span class=\"_ _1\"></span> Radi<span class=\"_ _2\"></span>o Catal<span class=\"_ _2\"></span>un<span class=\"_ _1\"></span>a S.L.<span class=\"_ _28c\"> </span>Barc<span class=\"_ _3\"></span>el<span class=\"_ _2\"></span>ona<span class=\"_ _63\"> </span>3.01<span class=\"_ _2\"></span>0<span class=\"_ _23\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>99<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>9<span class=\"_ _85\"> </span>59,<span class=\"_ _2\"></span>68<span class=\"_ _23\"> </span><span class=\"fc0\">Radi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span>co<span class=\"_ _63\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>e</span>S.A.Corp<span class=\"_ _2\"></span>oraci<span class=\"_ _2\"></span>\u00f3n<span class=\"_ _1\"></span> Ra<span class=\"_ _3\"></span>di<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>f\u00f3n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span> Madri<span class=\"_ _2\"></span>d<span class=\"_ _14b\"> </span><span class=\"fc1\">90<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.12<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>Unedi<span class=\"_ _2\"></span>sa 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>8Radi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>co<span class=\"_ _75\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eInfo<span class=\"_ _2\"></span>rmaci<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span> y Depo<span class=\"_ _1\"></span>rte S.L.U.Com<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>es S.L.U.Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>es <span class=\"_ _3\"></span>C\u00f3n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>S.A.<span class=\"_ _6e\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _51\"> </span>4<span class=\"_ _2\"></span>32.7<span class=\"_ _2\"></span>20<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>99<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>0<span class=\"_ _85\"> </span>59,<span class=\"_ _2\"></span>33<span class=\"_ _28d\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>e</span>S.A.Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>servi<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>os Madri<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span> 20<span class=\"_ _2\"></span>00<span class=\"_ _1\"></span> S.L.U.<span class=\"_ _14b\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _14b\"> </span><span class=\"fc1\">60<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>8Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eRevi<span class=\"_ _2\"></span>stas <span class=\"_ _3\"></span>S.L.U.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span> Edi<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Lo<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>,<span class=\"_ _1\"></span> Val<span class=\"_ _1\"></span>enci<span class=\"_ _2\"></span>a<span class=\"_ _1b\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.73<span class=\"_ _2\"></span>2.34<span class=\"_ _2\"></span>5<span class=\"_ _286\"> </span><span class=\"fc0\">Euro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span></span>87<span class=\"_ _2\"></span>,2<span class=\"_ _2\"></span>3<span class=\"_ _20a\"> </span> <span class=\"_ _1a4\"> </span> <span class=\"_ _184\"> </span> S.L. S.A.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span> 11<span class=\"_ _2\"></span>,2<span class=\"_ _2\"></span>2<span class=\"_ _85\"> </span>58,<span class=\"_ _2\"></span>76Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eInfo<span class=\"_ _2\"></span>rmaci<span class=\"_ _2\"></span>\u00f2n<span class=\"_ _1\"></span> G<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>neral<span class=\"_ _2\"></span> S.L.U.La Esfe<span class=\"_ _3\"></span>ra <span class=\"_ _3\"></span>de l<span class=\"_ _2\"></span>os Li<span class=\"_ _2\"></span>bro<span class=\"_ _2\"></span>s <span class=\"_ _3\"></span>S.L.<span class=\"_ _234\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _6c\"> </span>48.0<span class=\"_ _2\"></span>00<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _31\"> </span>Un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>dad<span class=\"_ _1\"></span> Edi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>75<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _85\"> </span>44,<span class=\"_ _2\"></span>76<span class=\"_ _28d\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>e</span>S.A.Unedi<span class=\"_ _2\"></span>sa Com<span class=\"_ _2\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>es <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _14b\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _14b\"> </span>61<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>8<span class=\"_ _32\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>S.A.Unedi<span class=\"_ _2\"></span>sa Tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>om<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>es <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _19\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _113\"> </span>1.10<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>8<span class=\"_ _32\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>S.A.Unedi<span class=\"_ _2\"></span>sa Tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>om<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>es <span class=\"_ _3\"></span>de Val<span class=\"_ _1\"></span>enci<span class=\"_ _2\"></span>a<span class=\"_ _75\"> </span><span class=\"fc1\">3.01<span class=\"_ _2\"></span>0<span class=\"_ _23\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Unedi<span class=\"_ _2\"></span>sa 51<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>6<span class=\"_ _85\"> </span>30,<span class=\"_ _2\"></span>53Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>medi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _75\"> </span>Integral<span class=\"_ _2\"></span>eLevant<span class=\"_ _1\"></span>e S.L.Tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>com<span class=\"_ _2\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ci<span class=\"_ _2\"></span>ones S.L.U.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span> S.A.<span class=\"_ _168\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _32\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>25<span class=\"_ _1\"></span>.89<span class=\"_ _2\"></span>6.89<span class=\"_ _2\"></span>8<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 99<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>9<span class=\"_ _85\"> </span>59,<span class=\"_ _2\"></span>68Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Li<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>era<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> Ra<span class=\"_ _3\"></span>di<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.L.<span class=\"_ _2f\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _6c\"> </span>10<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro<span class=\"_ _251\"> </span>Uni<span class=\"_ _2\"></span>dad<span class=\"_ _1\"></span> Edi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>55<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _85\"> </span>32,<span class=\"_ _2\"></span>83<span class=\"_ _31\"> </span><span class=\"fc0\">Mul<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>e</span>S.A.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d de Medi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s <span class=\"_ _3\"></span>Di<span class=\"_ _2\"></span>gi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span> S.L.<span class=\"_ _51\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _63\"> </span>3.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>50<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _85\"> </span>29,<span class=\"_ _2\"></span>84<span class=\"_ _1d\"> </span><span class=\"fc0\">Pub<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>t\u00e1<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>e</span>S.A.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span> Inform<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>\u00f2n<span class=\"_ _2\"></span> Madri<span class=\"_ _2\"></span>d<span class=\"_ _113\"> </span><span class=\"fc1\">4.4<span class=\"_ _2\"></span>23.0<span class=\"_ _2\"></span>43<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span></span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>8<span class=\"_ _32\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>Deport<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>S.L.U.S.A.Socie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _1bd\"> </span>Se<span class=\"_ _3\"></span>deCap<span class=\"_ _2\"></span>itale<span class=\"_ _3\"></span> V<span class=\"_ _2\"></span>alu<span class=\"_ _1\"></span>taSocie<span class=\"_ _e\"></span>t\u00e0 % Par<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>cip.% Co<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lid.Ar<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>a<span class=\"_ _1\"></span> di Cr<span class=\"_ _1\"></span>ite<span class=\"_ _3\"></span>rio di s<span class=\"_ _e\"></span>ociale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> pa<span class=\"_ _2\"></span>rte<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ipa<span class=\"_ _2\"></span>ntedir<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ttaatti<span class=\"_ _2\"></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=\"_ _2\"></span>me<span class=\"_ _3\"></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=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> Info<span class=\"_ _1\"></span>rm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>\u00f2<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _21e\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.12<span class=\"_ _2\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _251\"> </span>Uni<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ad Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span></span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>68<span class=\"_ _1c3\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>Econ<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>S.L.U.S.A.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> Form<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _28f\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _223\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.69<span class=\"_ _2\"></span>3.00<span class=\"_ _2\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Uned<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>sa 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>68Tel<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>vo<span class=\"_ _63\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eTel<span class=\"_ _2\"></span>ec<span class=\"_ _3\"></span>om<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>es S.L.U.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> Info<span class=\"_ _1\"></span>rm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>\u00f2<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _21e\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.12<span class=\"_ _2\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _251\"> </span>Uni<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ad Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span></span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>68<span class=\"_ _1c3\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>G<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>neral<span class=\"_ _2\"></span> S.L.U.S.A.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> Re<span class=\"_ _3\"></span>vi<span class=\"_ _2\"></span>stas S.L.U.<span class=\"_ _261\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _223\"> </span>1<span class=\"_ _1\"></span>.19<span class=\"_ _2\"></span>5.92<span class=\"_ _2\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _251\"> </span>Uni<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ad Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>68<span class=\"_ _1c3\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>S.A.Ecom<span class=\"_ _2\"></span>oz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 5D S.L.<span class=\"_ _20e\"> </span>Barc<span class=\"_ _3\"></span>el<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _14b\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Sfera Edi<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>s 70<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>4<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>78Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>eEsp<span class=\"_ _1\"></span>ana S.L.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> Spo<span class=\"_ _2\"></span>rts&amp;Event<span class=\"_ _1\"></span>s Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _15e\"> </span><span class=\"fc1\">6.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">E<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ro<span class=\"_ _251\"> </span>Un<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>ad Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span></span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69<span class=\"_ _1c3\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>S.L.US.A.Veo Tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S.A.<span class=\"_ _b9\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _261\"> </span>769<span class=\"_ _2\"></span>.82<span class=\"_ _1\"></span>4<span class=\"_ _28e\"> </span><span class=\"fc0\">E<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ro<span class=\"_ _251\"> </span>Un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ad Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>68<span class=\"_ _1b\"> </span><span class=\"fc0\">T<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>o<span class=\"_ _75\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>S.A.Sfera Edi<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>s Espana S.L.<span class=\"_ _110\"> </span>Barce<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _14b\"> </span><span class=\"fc1\">17<span class=\"_ _2\"></span>4.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">E<span class=\"_ _1\"></span>uro</span></span>RCS M<span class=\"_ _1\"></span>edi<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Sfera Edi<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>s Mexi<span class=\"_ _2\"></span>co S.A.Co<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> 11<span class=\"_ _2\"></span>.28<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0MX<span class=\"_ _2\"></span>NRCS M<span class=\"_ _1\"></span>edi<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 99<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>99<span class=\"_ _2\"></span>9Anz<span class=\"_ _2\"></span>uresS.p<span class=\"_ _1\"></span>.A.59<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>69Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>/Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>iInt<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eSfera Servi<span class=\"_ _2\"></span>ce<span class=\"_ _3\"></span> Srl<span class=\"_ _dd\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _1\"></span>1</span>Sfera France <span class=\"_ _3\"></span>SAS <span class=\"_ _b0\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>gi<span class=\"_ _22b\"> </span><span class=\"fc1\">24<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Sfera Edi<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>s 66<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>70<span class=\"_ _110\"> </span>3<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>81Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>eEsp<span class=\"_ _1\"></span>ana S.L.Hot<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>yo<span class=\"_ _1\"></span> S.A.<span class=\"_ _244\"> </span>Chi<span class=\"_ _2\"></span>asso<span class=\"_ _21e\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _28f\"> </span><span class=\"fc0\">CHF</span></span>RCS M<span class=\"_ _1\"></span>edi<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69Di<span class=\"_ _2\"></span>gi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _75\"> </span>Integral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.RCS S<span class=\"_ _1\"></span>po<span class=\"_ _2\"></span>rts a<span class=\"_ _3\"></span>nd<span class=\"_ _2\"></span> Event<span class=\"_ _1\"></span>s DMCC<span class=\"_ _220\"> </span>Dub<span class=\"_ _1\"></span>ai<span class=\"_ _274\"> </span><span class=\"fc1\">20<span class=\"_ _1\"></span>.07<span class=\"_ _2\"></span>7<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS S<span class=\"_ _1\"></span>po<span class=\"_ _2\"></span>rts &amp;<span class=\"_ _3\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _64\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eEv<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nts S.r.l<span class=\"_ _2\"></span>.Societ\u00e0 consolidate<span class=\"_ _3\"></span> con il metodo del Patrimonio<span class=\"_ _3\"></span> Netto Socie<span class=\"_ _11\"></span>t\u00e0<span class=\"_ _82\"> </span>Se<span class=\"_ _e\"></span>deCap<span class=\"_ _2\"></span>ita<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> V<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>taSocie<span class=\"_ _11\"></span>t\u00e0<span class=\"_ _1\"></span> % Ar<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>a d<span class=\"_ _1\"></span>i Cr<span class=\"_ _1\"></span>ite<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> di s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>cial<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> al pa<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span>cipa<span class=\"_ _2\"></span>ntePa<span class=\"_ _2\"></span>rte<span class=\"_ _e\"></span>cip.a<span class=\"_ _1\"></span>ttivit\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>e<span class=\"_ _11\"></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=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ttaQui<span class=\"_ _0\"></span>bee <span class=\"_ _3\"></span>S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _96\"> </span><span class=\"fc1\">To<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>no<span class=\"_ _290\"> </span>1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>87<span class=\"_ _2\"></span>3<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS M<span class=\"_ _1\"></span>edi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 3<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Di<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _162\"> </span>P<span class=\"_ _3\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Co<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o C.S.E.D.I.<span class=\"_ _21\"> </span>M<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _18\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>03<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _51\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>M-Di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 2<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _162\"> </span>Pa<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoMed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.p.A.P<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>eron<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _162\"> </span>Pa<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoS.r.l<span class=\"_ _2\"></span>.Li<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>uri<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> press <span class=\"_ _3\"></span>S.r.l<span class=\"_ _2\"></span>. <span class=\"_ _2a\"> </span>G<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>va<span class=\"_ _286\"> </span><span class=\"fc1\">2<span class=\"_ _2\"></span>40<span class=\"_ _2\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Euro</span></span>M-Di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 4<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _162\"> </span>Pa<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoMed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.p.A.G<span class=\"_ _2\"></span>D <span class=\"_ _3\"></span>Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a Servi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> S.r.l<span class=\"_ _2\"></span>. <span class=\"_ _2b\"> </span>Mi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _18\"> </span><span class=\"fc1\">7<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.47<span class=\"_ _2\"></span>4<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>M-Di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 2<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _162\"> </span>Pa<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoMed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.p.A.Co<span class=\"_ _1\"></span>rp<span class=\"_ _2\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n Bermo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t S.L.<span class=\"_ _208\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _1cf\"> </span>2<span class=\"_ _2\"></span>1.0<span class=\"_ _2\"></span>03<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _8\"> </span>Uni<span class=\"_ _0\"></span>dad<span class=\"_ _1\"></span> Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>3<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Stam<span class=\"_ _2\"></span>pa<span class=\"_ _291\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o Netto</span>S.A.Berm<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>Catal<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>S.A.<span class=\"_ _67\"> </span>Barc<span class=\"_ _3\"></span>el<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>a<span class=\"_ _28e\"> </span><span class=\"fc1\">60<span class=\"_ _2\"></span>.10<span class=\"_ _2\"></span>1<span class=\"_ _51\"> </span><span class=\"fc0\">E<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _2\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n 1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _162\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> N<span class=\"_ _3\"></span>ettoBerm<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>S.L.Berm<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>Im<span class=\"_ _2\"></span>presi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.L.<span class=\"_ _91\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _18\"> </span><span class=\"fc1\">3<span class=\"_ _2\"></span>21<span class=\"_ _2\"></span>.85<span class=\"_ _2\"></span>0<span class=\"_ _51\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _2\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n 1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _162\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> N<span class=\"_ _3\"></span>ettoBerm<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>S.L.Cal<span class=\"_ _2\"></span>pri<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span> S.L. <span class=\"_ _e6\"> </span>Val<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ad<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _291\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>85<span class=\"_ _2\"></span>6.8<span class=\"_ _2\"></span>80<span class=\"_ _21e\"> </span><span class=\"fc0\">Euro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _2\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n 3<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,5<span class=\"_ _2\"></span>8St<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _162\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> N<span class=\"_ _3\"></span>ettoBerm<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>S.L.Escuel<span class=\"_ _2\"></span>a de Coci<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Tel<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>a S.L.<span class=\"_ _68\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _28f\"> </span><span class=\"fc1\">61<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s C\u00f3n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a 5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Fo<span class=\"_ _2\"></span>rm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _162\"> </span>P<span class=\"_ _3\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoS.A.Soc<span class=\"_ _3\"></span>ie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _82\"> </span>S<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>deCap<span class=\"_ _2\"></span>itale<span class=\"_ _3\"></span> V<span class=\"_ _2\"></span>alu<span class=\"_ _2\"></span>taSoc<span class=\"_ _3\"></span>ie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _1\"></span> pa<span class=\"_ _2\"></span>rte<span class=\"_ _e\"></span>ci-% Par<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>ip<span class=\"_ _1\"></span>.Ar<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>a d<span class=\"_ _1\"></span>i Cr<span class=\"_ _1\"></span>ite<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> di s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>cial<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> al pa<span class=\"_ _2\"></span>ntedi<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ttaa<span class=\"_ _1\"></span>ttivit\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>oli-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=\"_ _2\"></span>me<span class=\"_ _e\"></span>ntoLagar S.A.<span class=\"_ _21c\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _32\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>25<span class=\"_ _2\"></span>3<span class=\"_ _161\"> </span><span class=\"fc0\">Euro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Bermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>aP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoBermo<span class=\"_ _2\"></span>nt Im<span class=\"_ _2\"></span>presi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> 4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00S.L.Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>De<span class=\"_ _3\"></span>po<span class=\"_ _2\"></span>rtes<span class=\"_ _3\"></span> y Espect\u00e1c<span class=\"_ _3\"></span>ul<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _32\"> </span><span class=\"fc1\">6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Uni<span class=\"_ _0\"></span>dad Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> 3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoS.A. <span class=\"_ _3\"></span>(i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>)In<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>rm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>\u00f2<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> De<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.L.U<span class=\"_ _3\"></span>.Ne<span class=\"_ _3\"></span>wspri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Imp<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Di<span class=\"_ _2\"></span>gi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> S.L.<span class=\"_ _15a\"> </span>Ten<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span>fe<span class=\"_ _219\"> </span>9<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span>Euro<span class=\"_ _28d\"> </span>TF<span class=\"_ _1\"></span> P<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.A.<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _22b\"> </span><span class=\"fc0\">Stamp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o Ne<span class=\"_ _3\"></span>tto</span>Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>adas <span class=\"_ _3\"></span>S.A<span class=\"_ _168\"> </span>Sev<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _219\"> </span><span class=\"fc1\">60<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>20<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> Dos 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoHe<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nas <span class=\"_ _3\"></span>S.L.U.G<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.L.<span class=\"_ _be\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _1a\"> </span><span class=\"fc1\">6.0<span class=\"_ _2\"></span>10<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Om<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.A.San<span class=\"_ _1\"></span>ta Mari<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> 2<span class=\"_ _1\"></span>.79<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0Eu<span class=\"_ _2\"></span>roCo<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttod<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span> Ca<span class=\"_ _3\"></span>miBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Radi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Sal<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span> S.A.<span class=\"_ _2a\"> </span>Barc<span class=\"_ _3\"></span>el<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>a<span class=\"_ _19\"> </span><span class=\"fc1\">20<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.78<span class=\"_ _2\"></span>2<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Uned<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>sa 3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Radi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>fon<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _1ca\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o Ne<span class=\"_ _3\"></span>ttoCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s S.L.U.Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> Dos He<span class=\"_ _3\"></span>rman<span class=\"_ _1\"></span>as <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _266\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _28a\"> </span><span class=\"fc1\">2<span class=\"_ _1\"></span>.05<span class=\"_ _2\"></span>2.3<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> G<span class=\"_ _2\"></span>\u00fci<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>r S.L.U.<span class=\"_ _91\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _28a\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.36<span class=\"_ _2\"></span>5.14<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> Im<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>resi<span class=\"_ _2\"></span>\u00f2n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _208\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _14c\"> </span><span class=\"fc1\">3.0<span class=\"_ _2\"></span>10<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> P<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> S.L.U<span class=\"_ _3\"></span>.<span class=\"_ _1fd\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _28a\"> </span><span class=\"fc1\">3<span class=\"_ _1\"></span>.65<span class=\"_ _2\"></span>2.24<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> R\u00e1<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>ade S.L.U<span class=\"_ _3\"></span>.<span class=\"_ _189\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _28a\"> </span><span class=\"fc1\">1.5<span class=\"_ _2\"></span>50<span class=\"_ _1\"></span>.01<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Euro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> Sagu<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> S.L.U<span class=\"_ _3\"></span>.<span class=\"_ _b9\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _28a\"> </span><span class=\"fc1\">2.2<span class=\"_ _2\"></span>81<span class=\"_ _1\"></span>.92<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.TF<span class=\"_ _1\"></span> P<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.A.San<span class=\"_ _1\"></span>ta Cruz<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>de 1<span class=\"_ _1\"></span>.38<span class=\"_ _2\"></span>2.32<span class=\"_ _2\"></span>8Eu<span class=\"_ _2\"></span>roCo<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoTeneri<span class=\"_ _2\"></span>feBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Bermo<span class=\"_ _2\"></span>nt Im<span class=\"_ _2\"></span>presi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> 2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00S.L.Uni<span class=\"_ _0\"></span>dad Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> Ra<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> S.L.<span class=\"_ _64\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _118\"> </span>10<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _286\"> </span>Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _28a\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>tto</span>S.A.Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>gi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> S.A.<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>0In<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> Imm<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>are<span class=\"_ _3\"></span> D<span class=\"_ _3\"></span>ue S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _203\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _32\"> </span>5<span class=\"_ _2\"></span>00<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _14a\"> </span>Ini<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span> Due S.\u00e0<span class=\"_ _3\"></span>.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _14b\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _14\"> </span><span class=\"fc0\">Im<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>bi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re<span class=\"_ _1d5\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o Netto</span>In<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m Du<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>S.\u00e0.<span class=\"_ _3\"></span>r.l<span class=\"_ _2\"></span>.<span class=\"_ _7b\"> </span>Lussemb<span class=\"_ _2\"></span>urg<span class=\"_ _2\"></span>o<span class=\"_ _19\"> </span><span class=\"fc1\">2<span class=\"_ _2\"></span>40<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>95<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>aG<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p 2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Im<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>bi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re<span class=\"_ _1d5\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoS.p<span class=\"_ _1\"></span>.A.Partecipazioni <span class=\"ls7d\">in</span> altre impr<span class=\"_ _1\"></span>ese Soc<span class=\"_ _3\"></span>ie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _293\"> </span>Se<span class=\"_ _e\"></span>d<span class=\"_ _1\"></span>eCap<span class=\"_ _2\"></span>ital<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> V<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>utaSoc<span class=\"_ _3\"></span>ie<span class=\"_ _e\"></span>t\u00e0 p<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>rte<span class=\"_ _e\"></span>-% Ar<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>a d<span class=\"_ _1\"></span>i Cr<span class=\"_ _1\"></span>ite<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>ciale<span class=\"_ _e\"></span> a<span class=\"_ _1\"></span>l cipa<span class=\"_ _2\"></span>ntePa<span class=\"_ _2\"></span>rte<span class=\"_ _e\"></span>cip.a<span class=\"_ _1\"></span>ttivit\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></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=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ttada<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>toAud<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tel<span class=\"_ _2\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _95\"> </span>Mi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _19\"> </span>30<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _155\"> </span>La 7 S.p<span class=\"_ _1\"></span>.A<span class=\"_ _274\"> </span>3,<span class=\"_ _2\"></span>33<span class=\"_ _217\"> </span>Tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>vo<span class=\"_ _1a\"> </span>Costo</span>Ansa So<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 Coo<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _1f4\"> </span>Ro<span class=\"_ _2\"></span>ma<span class=\"_ _1cf\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>78<span class=\"_ _2\"></span>3.3<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>2<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>38Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Cefri<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> S.c.<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _138\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>o<span class=\"_ _33\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>17<span class=\"_ _2\"></span>3.3<span class=\"_ _2\"></span>93<span class=\"_ _21e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>46Ri<span class=\"_ _2\"></span>ce<span class=\"_ _3\"></span>rca<span class=\"_ _1d\"> </span>CostoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>rz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>a Ita<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ana<span class=\"_ _df\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>o<span class=\"_ _290\"> </span><span class=\"fc1\">60<span class=\"_ _2\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>67Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>edi<span class=\"_ _0\"></span>t S.c<span class=\"_ _3\"></span>.a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>r.l<span class=\"_ _2\"></span>. <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>daz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _7f\"> </span>M<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _290\"> </span><span class=\"fc1\">2<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>55Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.H-Farm<span class=\"_ _1\"></span> S.p.A.<span class=\"_ _17d\"> </span>Ron<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ade <span class=\"_ _3\"></span>(TV)<span class=\"_ _d\"> </span><span class=\"fc1\">12<span class=\"_ _2\"></span>.86<span class=\"_ _2\"></span>7.23<span class=\"_ _2\"></span>1<span class=\"_ _21e\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p 0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>52Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1a\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>AIm<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>are<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>orn<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _20e\"> </span>Ro<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _294\"> </span><span class=\"fc1\">8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>46<span class=\"_ _2\"></span>2<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p 7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>49Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>AItal<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>aCa<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>p S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _96\"> </span>Ro<span class=\"_ _2\"></span>ma<span class=\"_ _28f\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _21e\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p 2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>91Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1a\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>AMach 2 Li<span class=\"_ _0\"></span>bri<span class=\"_ _2\"></span> S.r.l<span class=\"_ _2\"></span>. i<span class=\"_ _2\"></span>n l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>ui<span class=\"_ _0\"></span>dazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _14e\"> </span>Mi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _19\"> </span><span class=\"fc1\">64<span class=\"_ _2\"></span>6.25<span class=\"_ _2\"></span>0<span class=\"_ _21e\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p 1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>09Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>ADi<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> Mag<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>cs <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _dc\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _295\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.42<span class=\"_ _2\"></span>8.4<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>7<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>27Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Mp<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>ence <span class=\"_ _3\"></span>S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _296\"> </span>Ro<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _28e\"> </span><span class=\"fc1\">3<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>85<span class=\"_ _2\"></span>6<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>68Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Fan<span class=\"_ _1\"></span>taki<span class=\"_ _0\"></span>ng<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Int<span class=\"_ _1\"></span>era<span class=\"_ _3\"></span>cti<span class=\"_ _2\"></span>ve S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _98\"> </span>Bresc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _28e\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _21e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Bu<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>yfi<span class=\"_ _2\"></span>t S<span class=\"_ _1\"></span>.r.l<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _96\"> </span>G<span class=\"_ _2\"></span>eno<span class=\"_ _2\"></span>va<span class=\"_ _28f\"> </span><span class=\"fc1\">28<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>39<span class=\"_ _2\"></span>6<span class=\"_ _21e\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00S.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Cai<span class=\"_ _2\"></span>ro 2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>stoCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ns S.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>um<span class=\"_ _2\"></span> P<span class=\"_ _e\"></span>u<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>r N<span class=\"_ _3\"></span>etwork<span class=\"_ _1\"></span> Mi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _219\"> </span><span class=\"fc1\">19<span class=\"_ _1\"></span>.42<span class=\"_ _2\"></span>6<span class=\"_ _21e\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>51P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>bl<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>to(Co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>rz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o)S.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.G<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>org<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> S.r.l<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>. <span class=\"_ _3\"></span> <span class=\"_ _187\"> </span>Ca<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>enz<span class=\"_ _2\"></span>ano<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>(FI)<span class=\"_ _33\"> </span><span class=\"fc1\">1.00<span class=\"_ _2\"></span>0.0<span class=\"_ _2\"></span>00<span class=\"_ _21e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>M-Di<span class=\"_ _2\"></span>s Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>CostoMed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a S.p.A.Cro<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span> P<span class=\"_ _e\"></span>ro<span class=\"_ _2\"></span>du<span class=\"_ _1\"></span>cc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _297\"> </span><span class=\"fc1\">3<span class=\"_ _1\"></span>.01<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.L.U.Tel<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S.A.\u00c1bsi<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> Medi<span class=\"_ _2\"></span>a S.L.<span class=\"_ _9e\"> </span>M<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>dri<span class=\"_ _2\"></span>d<span class=\"_ _10\"> </span>19<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>41<span class=\"_ _2\"></span>4.9<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _21e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _288\"> </span>U<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>02<span class=\"_ _291\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>to</span>S.A.Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>t Si<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span> S.L.<span class=\"_ _9a\"> </span>Ba<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>el<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>a<span class=\"_ _10c\"> </span>3.2<span class=\"_ _2\"></span>00<span class=\"_ _21e\"> </span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _298\"> </span>Radi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> Sal<span class=\"_ _2\"></span>ud<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.A.<span class=\"_ _161\"> </span>25<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _28c\"> </span><span class=\"fc0\">Ra<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>fon<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _14c\"> </span>Co<span class=\"_ _1\"></span>sto</span>Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> S.A.<span class=\"_ _126\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _33\"> </span>4.7<span class=\"_ _2\"></span>63<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>26<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _8\"> </span>Un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>16<span class=\"_ _291\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>to</span>S.A.Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>dad<span class=\"_ _1\"></span> y Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _297\"> </span>3<span class=\"_ _1\"></span>.01<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _f\"> </span>Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>gi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> S.A.<span class=\"_ _223\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _28f\"> </span><span class=\"fc0\">P<span class=\"_ _e\"></span>u<span class=\"_ _2\"></span>bb<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _14c\"> </span>Costo</span>Mark<span class=\"_ _1\"></span>eti<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>g<span class=\"_ _1\"></span> S.L.ULi<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> Tel<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S.A.<span class=\"_ _20e\"> </span>M<span class=\"_ _1\"></span>adri<span class=\"_ _2\"></span>d<span class=\"_ _19\"> </span>77<span class=\"_ _2\"></span>5.80<span class=\"_ _2\"></span>0<span class=\"_ _21e\"> </span>Euro<span class=\"_ _16\"> </span>Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> S.A.<span class=\"_ _161\"> </span>99<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>6<span class=\"_ _219\"> </span><span class=\"fc0\">Tel<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>o<span class=\"_ _14c\"> </span>Costo</span>Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span> de A<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>har S.A.<span class=\"_ _df\"> </span>Cas<span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _18\"> </span><span class=\"fc1\">82<span class=\"_ _2\"></span>5.5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _21e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Uni<span class=\"_ _0\"></span>dad Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> 6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>12Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1a\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toEd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Lo<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span> S.LNuev<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> MarketP<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>S.L.<span class=\"_ _e7\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _9\"> </span>4.8<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>6.84<span class=\"_ _2\"></span>8<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _8\"> </span>Un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>10<span class=\"_ _291\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>to</span>S.A.P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> del<span class=\"_ _2\"></span> Hi<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>o S.A.<span class=\"_ _176\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _299\"> </span>1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>74<span class=\"_ _2\"></span>2<span class=\"_ _14b\"> </span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _8\"> </span>Un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>dad Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> 8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>53<span class=\"_ _291\"> </span>Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.A.Wo<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>S:<span class=\"_ _0\"></span>L<span class=\"_ _13b\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _290\"> </span>1<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>07<span class=\"_ _2\"></span>5<span class=\"_ _21e\"> </span>Euro<span class=\"_ _288\"> </span>Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _291\"> </span>M<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.A.Yoo<span class=\"_ _2\"></span>deal<span class=\"_ _2\"></span> Ltd<span class=\"_ _3b\"> </span>Crowb<span class=\"_ _2\"></span>oro<span class=\"_ _2\"></span>ug<span class=\"_ _2\"></span>h<span class=\"_ _18\"> </span>15<span class=\"_ _2\"></span>0.0<span class=\"_ _2\"></span>00<span class=\"_ _22b\"> </span>G<span class=\"_ _2\"></span>BPRCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.RAPPORTI <span class=\"_ _2\"></span>C<span class=\"_ _3\"></span>ON <span class=\"_ _2\"></span>PART<span class=\"_ _3\"></span>I <span class=\"_ _2\"></span>CORREL<span class=\"_ _2\"></span>ATE Allegato 2<span class=\"_ _2\"></span> Nelle seguenti tabelle <span class=\"_ _2\"></span>si riporta <span class=\"ls3d\">il</span> <span class=\"_ _1\"></span>dettaglio dei <span class=\"_ _1\"></span>rapporti con <span class=\"_ _1\"></span>parti <span class=\"_ _1\"></span>correlate del Gruppo <span class=\"_ _1\"></span>Cairo Co<span class=\"_ _1\"></span>mmun<span class=\"_ _1\"></span>ica<span class=\"_ _2\"></span>tion:Socie<span class=\"_ _e\"></span>t\u00e0 co<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>olla<span class=\"_ _2\"></span>ntiCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>i cre<span class=\"_ _e\"></span>d<span class=\"_ _2\"></span>iti e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>)co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olid<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>eco<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntiU.T. Com<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>cati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S<span class=\"_ _1\"></span>.p<span class=\"_ _1\"></span>.A.<span class=\"_ _29a\"> </span>-<span class=\"_ _11f\"> </span>-<span class=\"_ _170\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _8e\"> </span>-Total<span class=\"_ _1\"></span>e<span class=\"_ _27e\"> </span>-<span class=\"_ _11f\"> </span>-<span class=\"_ _189\"> </span>0,4<span class=\"_ _1f4\"> </span>-Socie<span class=\"_ _e\"></span>t\u00e0 co<span class=\"_ _3\"></span>lle<span class=\"_ _e\"></span>g<span class=\"_ _3\"></span>ateCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> Altr<span class=\"_ _2\"></span>i c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti e<span class=\"_ _e\"></span> attivit\u00e0<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ivit\u00e0<span class=\"_ _1\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> m<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>rcia<span class=\"_ _2\"></span>lico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olida<span class=\"_ _2\"></span>tof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>ca<span class=\"_ _1\"></span>leco<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiG<span class=\"_ _2\"></span>D Medi<span class=\"_ _0\"></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=\"_ _2\"></span>.<span class=\"_ _ae\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _49\"> </span>-<span class=\"_ _b7\"> </span>-<span class=\"_ _8e\"> </span>-Tren<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> P<span class=\"_ _e\"></span>ress<span class=\"_ _3\"></span> Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ce <span class=\"_ _3\"></span>S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _262\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _b7\"> </span>-<span class=\"_ _8e\"> </span>-Li<span class=\"_ _0\"></span>gu<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ress<span class=\"_ _3\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _112\"> </span>1,<span class=\"_ _2\"></span>2<span class=\"_ _1e8\"> </span>-<span class=\"_ _b7\"> </span>-<span class=\"_ _8e\"> </span>-In<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ati<span class=\"_ _0\"></span>va Im<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re <span class=\"_ _3\"></span>Due S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _e2\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _b7\"> </span>-<span class=\"_ _8e\"> </span>-Totale<span class=\"_ _47\"> </span>1,<span class=\"_ _3\"></span>4<span class=\"_ _11f\"> </span>-<span class=\"_ _b7\"> </span>-<span class=\"_ _8e\"> </span>-Socie<span class=\"_ _11\"></span>t\u00e0<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lle<span class=\"_ _e\"></span>g<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> De<span class=\"_ _e\"></span>biti Altr<span class=\"_ _2\"></span>i de<span class=\"_ _e\"></span>biti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _11\"></span> De<span class=\"_ _e\"></span>biti Altr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> pa<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> (v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _2\"></span>ro)co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>lipa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>tico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _2\"></span>atof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>cal<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiG<span class=\"_ _2\"></span>D <span class=\"_ _3\"></span>Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></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=\"_ _2\"></span>.<span class=\"_ _222\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _dc\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1be\"> </span>-Li<span class=\"_ _0\"></span>gu<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>res<span class=\"_ _3\"></span>s S.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _240\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _dc\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _1c5\"> </span>-Co<span class=\"_ _2\"></span>nso<span class=\"_ _1\"></span>rz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>C.S.E.D.<span class=\"_ _3\"></span>I.<span class=\"_ _29b\"> </span>-<span class=\"_ _dc\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt Im<span class=\"_ _2\"></span>presi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S.L. (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Be<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>t)<span class=\"_ _1f4\"> </span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _29c\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Dos herm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nas S.L.U.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Sagu<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.L.U. <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _29d\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)Cal<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t S.l<span class=\"_ _2\"></span>. (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)<span class=\"_ _23c\"> </span>-<span class=\"_ _56\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _1c5\"> </span>-Om<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>nt S<span class=\"_ _1\"></span>.A.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)<span class=\"_ _96\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _dc\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt Catal<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.A.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)<span class=\"_ _17e\"> </span>1,<span class=\"_ _2\"></span>1<span class=\"_ _1e4\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-TF<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.a.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>ru<span class=\"_ _2\"></span>pp<span class=\"_ _2\"></span>o Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)<span class=\"_ _239\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _29c\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t R\u00e0<span class=\"_ _3\"></span>bad<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>S.L.U. <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o Berm<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t)<span class=\"_ _b0\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _29c\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Radi<span class=\"_ _0\"></span>o Sal<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span> S.A.<span class=\"_ _29e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _29c\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Escuel<span class=\"_ _2\"></span>a de c<span class=\"_ _3\"></span>oci<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> Tel<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>S.L.<span class=\"_ _29f\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _29c\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-</span>To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _47\"> </span>10<span class=\"_ _3\"></span>,1<span class=\"_ _2a0\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Socie<span class=\"_ _e\"></span>t\u00e0 s<span class=\"_ _e\"></span>otto<span class=\"_ _3\"></span>pos<span class=\"_ _e\"></span>te<span class=\"_ _11\"></span> al co<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>ollo <span class=\"_ _3\"></span>de<span class=\"_ _e\"></span>ll<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>i cre<span class=\"_ _e\"></span>d<span class=\"_ _2\"></span>iti e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span> co<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>lll<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>tico<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>cia<span class=\"_ _2\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olid<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)f<span class=\"_ _2\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntiTo<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>o F<span class=\"_ _1\"></span>C S.p<span class=\"_ _2\"></span>.A<span class=\"_ _3\"></span>.<span class=\"_ _2a1\"> </span>0<span class=\"_ _2\"></span>,8<span class=\"_ _29\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1be\"> </span>-Total<span class=\"_ _1\"></span>e<span class=\"_ _280\"> </span>0,<span class=\"_ _3\"></span>8<span class=\"_ _dc\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1be\"> </span>-S<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>cie<span class=\"_ _e\"></span>t\u00e0 s<span class=\"_ _e\"></span>otto<span class=\"_ _3\"></span>pos<span class=\"_ _11\"></span>te<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>l c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>o De<span class=\"_ _e\"></span>biti<span class=\"_ _2\"></span> Altr<span class=\"_ _2\"></span>i de<span class=\"_ _e\"></span>b<span class=\"_ _2\"></span>iti e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> De<span class=\"_ _e\"></span>biti<span class=\"_ _2\"></span> Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0<span class=\"_ _1\"></span> d<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>lle<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>olla<span class=\"_ _2\"></span>ntico<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>cia<span class=\"_ _2\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olid<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro)f<span class=\"_ _2\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntiTo<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>o F<span class=\"_ _1\"></span>C S<span class=\"_ _1\"></span>.p.A.<span class=\"_ _2a2\"> </span>1<span class=\"_ _2\"></span>,7<span class=\"_ _126\"> </span>-<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Total<span class=\"_ _1\"></span>e<span class=\"_ _280\"> </span>1,<span class=\"_ _3\"></span>7<span class=\"_ _a0\"> </span>-<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ti c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>la<span class=\"_ _2\"></span>teCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>i cr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>diti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro)co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>cia<span class=\"_ _2\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olid<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntiS<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>et\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span> g<span class=\"_ _1\"></span>ru<span class=\"_ _2\"></span>pp<span class=\"_ _2\"></span>o Del<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Val<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _26d\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _2d\"> </span>-<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Total<span class=\"_ _1\"></span>e<span class=\"_ _280\"> </span>0,<span class=\"_ _3\"></span>6<span class=\"_ _a0\"> </span>-<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Soc<span class=\"_ _3\"></span>ie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lle<span class=\"_ _e\"></span>g<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>teRicavi o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tiv<span class=\"_ _3\"></span>i<span class=\"_ _23a\"> </span>Co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>ati<span class=\"_ _1\"></span>viPr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>nti<span class=\"_ _1\"></span> One<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>i f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ri(v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> m<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> Euro<span class=\"_ _2\"></span>)f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>riG<span class=\"_ _2\"></span>D <span class=\"_ _3\"></span>Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></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=\"_ _2\"></span>.<span class=\"_ _2a3\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _1be\"> </span>(0<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _1a6\"> </span>-Escuel<span class=\"_ _2\"></span>a de c<span class=\"_ _3\"></span>oci<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> Tel<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>S.L.<span class=\"_ _2a4\"> </span><span class=\"fc1\">-<span class=\"_ _1be\"> </span>(0,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-</span>Li<span class=\"_ _0\"></span>gu<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ress<span class=\"_ _3\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _240\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _17e\"> </span>(0,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _af\"> </span>-<span class=\"_ _24\"> </span>-Co<span class=\"_ _2\"></span>nso<span class=\"_ _1\"></span>rz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>C.S.E.D.<span class=\"_ _3\"></span>I.<span class=\"_ _29b\"> </span>-<span class=\"_ _1be\"> </span>(0,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _af\"> </span>-<span class=\"_ _24\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt Im<span class=\"_ _2\"></span>presi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S<span class=\"_ _1\"></span>.L. <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o -<span class=\"_ _1be\"> </span>(5,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Dos herm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>as<span class=\"_ _3\"></span> S.L.U.<span class=\"_ _3\"></span> -<span class=\"_ _1be\"> </span>(2,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-(G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Bermo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Sagu<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.L.U. <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> -<span class=\"_ _1be\"> </span>(1,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)Cal<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t S.l<span class=\"_ _2\"></span>. (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>t)<span class=\"_ _23c\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _24\"> </span>-Om<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>nt S<span class=\"_ _1\"></span>.A.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)<span class=\"_ _237\"> </span>-<span class=\"_ _1be\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _1a6\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt Catal<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.A.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> -<span class=\"_ _1be\"> </span>(1,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)TF<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.a.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>ru<span class=\"_ _2\"></span>pp<span class=\"_ _2\"></span>o Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)<span class=\"_ _2a5\"> </span>-<span class=\"_ _1be\"> </span>(1,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t R\u00e0<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>ade S.L.U.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> -<span class=\"_ _1be\"> </span>(1,<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)Radi<span class=\"_ _0\"></span>o Sal<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span> S.A.<span class=\"_ _29e\"> </span>0<span class=\"_ _2\"></span>,1<span class=\"_ _1f4\"> </span>(0,<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _1a6\"> </span>-In<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ati<span class=\"_ _0\"></span>va Imm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>are <span class=\"_ _3\"></span>Due S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _89\"> </span>-<span class=\"_ _1b9\"> </span>-<span class=\"_ _24\"> </span>-To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _11c\"> </span>0,5<span class=\"_ _17b\"> </span>(15<span class=\"_ _e\"></span>,2<span class=\"_ _3\"></span>)<span class=\"_ _af\"> </span><span class=\"ff29\">-<span class=\"_ _24\"> </span></span>-S<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>cie<span class=\"_ _e\"></span>t\u00e0 s<span class=\"_ _e\"></span>otto<span class=\"_ _3\"></span>pos<span class=\"_ _11\"></span>te<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>l c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>o Rica<span class=\"_ _1\"></span>vi o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tiv<span class=\"_ _3\"></span>i<span class=\"_ _160\"> </span>Co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tiv<span class=\"_ _3\"></span>iPr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span> One<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>i f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>rid<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>lle<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>olla<span class=\"_ _2\"></span>ntif<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i(v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro)To<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>o F<span class=\"_ _1\"></span>C S<span class=\"_ _1\"></span>.p.A.<span class=\"_ _2a2\"> </span>0<span class=\"_ _2\"></span>,2<span class=\"_ _1f4\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8)<span class=\"_ _117\"> </span>-<span class=\"_ _24\"> </span>-Total<span class=\"_ _1\"></span>e<span class=\"_ _280\"> </span>0,<span class=\"_ _3\"></span>2<span class=\"_ _243\"> </span>(1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>la<span class=\"_ _2\"></span>teRicavi o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>ati<span class=\"_ _1\"></span>vi<span class=\"_ _160\"> </span>Co<span class=\"_ _3\"></span>s<span class=\"_ _11\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iPr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>nti One<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>i f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>i(v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>)f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>iSo<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a Va<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _26d\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _126\"> </span>-<span class=\"_ _b3\"> </span>-<span class=\"_ _1f\"> </span>-So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> P<span class=\"_ _e\"></span>i<span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _221\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _eb\"> </span>-<span class=\"_ _117\"> </span>-<span class=\"_ _1f\"> </span>-Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o In<span class=\"_ _2\"></span>te<span class=\"_ _3\"></span>g<span class=\"_ _1\"></span>rati<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>o P<span class=\"_ _3\"></span>revi<span class=\"_ _0\"></span>den<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> -<span class=\"_ _1f4\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _117\"> </span>-<span class=\"_ _1f\"> </span>-(FIPDIR)Totale<span class=\"_ _153\"> </span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _e7\"> </span>(0<span class=\"_ _3\"></span>,3<span class=\"_ _e\"></span>)<span class=\"_ _b3\"> </span>-<span class=\"_ _1f\"> </span>-Conto <span class=\"_ _1\"></span>economico<span class=\"_ _3\"></span> consolidato <span class=\"_ _2\"></span><span class=\"lsa\">ai<span class=\"ls0\"> sensi <span class=\"_ _2\"></span>della<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Delibera Conso<span class=\"_ _3\"></span>b n. 15519 </span></span>del 27 luglio 200<span class=\"_ _3\"></span>6 Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Euro<span class=\"_ _167\"> </span><span class=\"ff2b ls7f\">2022</span>di<span class=\"_ _1\"></span> cui pa<span class=\"_ _2\"></span>rti % di 2021di<span class=\"_ _1\"></span> cui pa<span class=\"_ _2\"></span>rti % di co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _1\"></span>cide<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>aco<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _1\"></span>cide<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>aRi<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>netti<span class=\"_ _21d\"> </span>1<span class=\"_ _1\"></span>.06<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>0<span class=\"_ _78\"> </span>1,<span class=\"_ _2\"></span>7<span class=\"_ _261\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2%<span class=\"_ _52\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _2a6\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _261\"> </span>0,<span class=\"_ _2\"></span>4%</span>Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> ri<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _2\"></span> e pro<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>enti<span class=\"_ _8b\"> </span>50<span class=\"_ _2\"></span>,4<span class=\"_ _168\"> </span>-<span class=\"_ _205\"> </span> <span class=\"_ _e9\"> </span>3<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2a7\"> </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> r<span class=\"_ _3\"></span>ico<span class=\"_ _3\"></span>rre<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _65\"> </span>1,3<span class=\"_ _5c\"> </span><span class=\"ff29\">-</span>Vari<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e del<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>man<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> pro<span class=\"_ _2\"></span>do<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _13d\"> </span>2,<span class=\"_ _2\"></span>4<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _20b\"> </span>0,<span class=\"_ _2\"></span>4<span class=\"_ _f0\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>Co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>sum<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> pri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>sussi<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> di<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _22f\"> </span>(1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _2f\"> </span>(90<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2a8\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>Co<span class=\"_ _1\"></span>sti<span class=\"_ _2\"></span> per se<span class=\"_ _3\"></span>rvi<span class=\"_ _0\"></span>zi<span class=\"_ _178\"> </span>(4<span class=\"_ _2\"></span>79<span class=\"_ _2\"></span>,5<span class=\"_ _2\"></span>)<span class=\"_ _2f\"> </span>(17<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _261\"> </span>3,<span class=\"_ _2\"></span>6%<span class=\"_ _7f\"> </span>(46<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>1)<span class=\"_ _71\"> </span>(18<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _261\"> </span>4,<span class=\"_ _2\"></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> r<span class=\"_ _3\"></span>ico<span class=\"_ _3\"></span>rre<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _25a\"> </span>(1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _183\"> </span>(0,2<span class=\"_ _3\"></span>)Co<span class=\"_ _1\"></span>sti<span class=\"_ _2\"></span> per go<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ben<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> terz<span class=\"_ _2\"></span>i<span class=\"_ _2a9\"> </span>(2<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _2f\"> </span>(31<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>)<span class=\"_ _2a8\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>Co<span class=\"_ _1\"></span>sti<span class=\"_ _2\"></span> del<span class=\"_ _2\"></span> person<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _22c\"> </span>(31<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>4)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _7f\"> </span>(32<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>2)<span class=\"_ _ea\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </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> r<span class=\"_ _3\"></span>ico<span class=\"_ _3\"></span>rre<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _2aa\"> </span>(1,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _2ab\"> </span>(3,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ortam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span>, ac<span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>amen<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>val<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _98\"> </span>(7<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>8)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _2f\"> </span>(76<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _2a8\"> </span><span class=\"fc0\">-<span class=\"_ _234\"> </span>-</span>- di<span class=\"_ _2\"></span> cui<span class=\"_ _2\"></span> n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> ri<span class=\"_ _2\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _b5\"> </span>-<span class=\"_ _2ac\"> </span>-Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> costi<span class=\"_ _2\"></span> op<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rati<span class=\"_ _2\"></span>vi<span class=\"_ _28b\"> </span>(25<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _2f\"> </span>(16<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>)<span class=\"_ _2a8\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>Ris<span class=\"_ _e\"></span>u<span class=\"_ _1\"></span>lta<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ope<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>tivo<span class=\"_ _171\"> </span>69<span class=\"_ _3\"></span>,3<span class=\"_ _260\"> </span>10<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,1Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>vent<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> (on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) da a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0/passi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t\u00e0 fi<span class=\"_ _2\"></span>nan<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e (4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1)-<span class=\"_ _115\"> </span>-<span class=\"_ _ee\"> </span>4<span class=\"_ _2\"></span>,6<span class=\"_ _6e\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>(*<span class=\"_ _1\"></span>*<span class=\"_ _1\"></span>)- di<span class=\"_ _2\"></span> cui<span class=\"_ _2\"></span> n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> ri<span class=\"_ _2\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _b5\"> </span>-<span class=\"_ _21f\"> </span>2,<span class=\"_ _2\"></span>4P<span class=\"_ _3\"></span>rov<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span> (on<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>) <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>nan<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> netti<span class=\"_ _2ad\"> </span>(8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _2f\"> </span>(11<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _2a6\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _1d\"> </span>-1,<span class=\"_ _2\"></span>8%- di<span class=\"_ _2\"></span> cui<span class=\"_ _2\"></span> n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> ri<span class=\"_ _2\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _b5\"> </span>-<span class=\"_ _1b9\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4Ris<span class=\"_ _e\"></span>u<span class=\"_ _1\"></span>lta<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pr<span class=\"_ _2\"></span>im<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span> de<span class=\"_ _e\"></span>lle<span class=\"_ _3\"></span> imp<span class=\"_ _1\"></span>os<span class=\"_ _e\"></span>te<span class=\"_ _181\"> </span>56<span class=\"_ _3\"></span>,4<span class=\"_ _2ae\"> </span>96<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7Im<span class=\"_ _2\"></span>po<span class=\"_ _1\"></span>ste del<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>\u2019e<span class=\"_ _3\"></span>serc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>o<span class=\"_ _ae\"> </span>(4,<span class=\"_ _2\"></span>7)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _e0\"> </span>(16<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8)<span class=\"_ _2a6\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>- di<span class=\"_ _2\"></span> cui<span class=\"_ _2\"></span> n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> ri<span class=\"_ _2\"></span>corrent<span class=\"_ _1\"></span>iRis<span class=\"_ _e\"></span>u<span class=\"_ _1\"></span>lta<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _3\"></span>tto<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>lle<span class=\"_ _e\"></span> attivit\u00e0<span class=\"_ _1\"></span> in co<span class=\"_ _3\"></span>nti<span class=\"_ _1\"></span>nu<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _df\"> </span>51<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _1bb\"> </span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,9Ri<span class=\"_ _2\"></span>sul<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ato n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>tto<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t\u00e0 c<span class=\"_ _3\"></span>ess<span class=\"_ _3\"></span>ate<span class=\"_ _e1\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _2a8\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>Ris<span class=\"_ _e\"></span>u<span class=\"_ _1\"></span>lta<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _3\"></span>tto<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>ll\u2019e<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _21c\"> </span><span class=\"ff2b\">51<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _1bb\"> </span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,9</span>(*)  <span class=\"_ _1\"></span>  <span class=\"_ _1\"></span>L<span class=\"_ _2\"></span>e o<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>eraz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>co<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> pa<span class=\"_ _3\"></span>rti<span class=\"_ _1\"></span> correl<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>e 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=\"_ _2\"></span>m<span class=\"_ _2\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> al<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>es<span class=\"_ _e\"></span>s<span class=\"_ _3\"></span>iva<span class=\"_ _3\"></span> no<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a 40<span class=\"_ _2\"></span> de<span class=\"_ _3\"></span>ll<span class=\"_ _2\"></span>e Not<span class=\"_ _3\"></span>e es<span class=\"_ _e\"></span>pli<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>ve<span class=\"_ _3\"></span>.Stato <span class=\"_ _2\"></span>Patri<span class=\"_ _3\"></span>moniale<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>conso<span class=\"_ _3\"></span>lidato <span class=\"lsa\">ai<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>se<span class=\"_ _3\"></span>nsi <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>Delibera Conso<span class=\"_ _3\"></span>b n. 15519 </span></span>del 27 luglio 200<span class=\"_ _3\"></span>6 Attivit\u00e031<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _e\"></span>m<span class=\"_ _1\"></span>br<span class=\"_ _2\"></span>edi<span class=\"_ _1\"></span> cui pa<span class=\"_ _2\"></span>rti % di 31<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _e\"></span>m<span class=\"_ _1\"></span>br<span class=\"_ _2\"></span>edi<span class=\"_ _1\"></span> cui pa<span class=\"_ _2\"></span>rti % di Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _1\"></span>ro2022co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _1\"></span>cide<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a2021co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _1\"></span>cide<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>aIm<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>bi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>nv<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>anti<span class=\"_ _2\"></span> e macc<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>ari<span class=\"_ _169\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2af\"> </span>5<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>tti<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>\u2019u<span class=\"_ _1\"></span>so su<span class=\"_ _1\"></span> ben<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n l<span class=\"_ _2\"></span>eas<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>ng<span class=\"_ _1b8\"> </span><span class=\"ff29\">1<span class=\"_ _2\"></span>46<span class=\"_ _2\"></span>,4<span class=\"_ _27c\"> </span>1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5</span>Atti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span> i<span class=\"_ _2\"></span>mm<span class=\"_ _2\"></span>ateri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2ac\"> </span>99<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>2<span class=\"_ _2b0\"> </span>9<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1P<span class=\"_ _3\"></span>artec<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>paz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _252\"> </span>3<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>3<span class=\"_ _2af\"> </span>32<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2Credi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>no<span class=\"_ _2\"></span>n corrent<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>atti<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _2\"></span>nanz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> per 1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2b1\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3stru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> deri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>atiAl<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t\u00e0 no<span class=\"_ _2\"></span>n corrent<span class=\"_ _1\"></span>i<span class=\"_ _2ae\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2b1\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7Atti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span> per i<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>oste anti<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>pate<span class=\"_ _221\"> </span>8<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2af\"> </span>8<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 non co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _25a\"> </span>13<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0,<span class=\"_ _3\"></span>3<span class=\"_ _25d\"> </span>1.<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,6Ri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nen<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e<span class=\"_ _2b2\"> </span>3<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _2af\"> </span>19<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6Credi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>erci<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _10d\"> </span>26<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>3<span class=\"_ _81\"> </span>0<span class=\"_ _2\"></span>,6<span class=\"_ _22b\"> </span>0,<span class=\"_ _2\"></span>2%<span class=\"_ _68\"> </span>28<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _7f\"> </span>0,<span class=\"_ _2\"></span>6<span class=\"_ _22b\"> </span>0,<span class=\"_ _2\"></span>2%Credi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rso con<span class=\"_ _2\"></span>trol<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ant<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>col<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>egate e <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _13d\"> </span>2,<span class=\"_ _2\"></span>6<span class=\"_ _81\"> </span>2,<span class=\"_ _2\"></span>6<span class=\"_ _118\"> </span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0%<span class=\"_ _e0\"> </span>2,<span class=\"_ _2\"></span>9<span class=\"_ _7f\"> </span>2<span class=\"_ _2\"></span>,9<span class=\"_ _1b\"> </span>98<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>%Credi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>versi<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ed al<span class=\"_ _2\"></span>tre <span class=\"_ _3\"></span>atti<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _270\"> </span>86<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2af\"> </span>6<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>3Al<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t\u00e0 fi<span class=\"_ _2\"></span>nan<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrenti<span class=\"_ _2b3\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2b1\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>qu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>de e<span class=\"_ _3\"></span> mez<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span> equ<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>enti<span class=\"_ _2b4\"> </span>5<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2b0\"> </span>11<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>0Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _163\"> </span>4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _2a3\"> </span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,9Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _11b\"> </span>1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _25d\"> </span>1.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>20<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5Pa<span class=\"_ _2\"></span>trim<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>nio ne<span class=\"_ _e\"></span>tto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span> Pas<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ivit\u00e0<span class=\"_ _96\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _e\"></span>m<span class=\"_ _2\"></span>br<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span> cui pa<span class=\"_ _2\"></span>rti % di 31<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _e\"></span>m<span class=\"_ _1\"></span>br<span class=\"_ _2\"></span>edi<span class=\"_ _1\"></span> cui pa<span class=\"_ _2\"></span>rti % di 2022co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _1\"></span>cide<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a2021co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _1\"></span>cide<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>aCapi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e s<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _27a\"> </span>7<span class=\"_ _2\"></span>,0<span class=\"_ _260\"> </span>7,<span class=\"_ _2\"></span>0Ri<span class=\"_ _2\"></span>serva s<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>rapp<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>zz<span class=\"_ _2\"></span>o az<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _171\"> </span>2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2b0\"> </span>22<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>2Uti<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> (P<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rd<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>te) di<span class=\"_ _2\"></span> ese<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>prece<span class=\"_ _3\"></span>den<span class=\"_ _2\"></span>ti<span class=\"_ _8a\"> </span>26<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>7<span class=\"_ _2b0\"> </span>23<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>2Uti<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e del<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>\u2019e<span class=\"_ _3\"></span>serc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>o<span class=\"_ _2b5\"> </span><span class=\"ff29\">3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2af\"> </span>51<span class=\"_ _2\"></span>,0</span>P<span class=\"_ _3\"></span>atri<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span> di<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rti<span class=\"_ _2\"></span>nen<span class=\"_ _2\"></span>za del<span class=\"_ _2\"></span> G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _26a\"> </span>52<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2b0\"> </span>51<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>4Capi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e e<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>erve di<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>erti<span class=\"_ _2\"></span>nen<span class=\"_ _2\"></span>za di<span class=\"_ _2\"></span> terz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>sti<span class=\"_ _56\"> </span>3<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _2b0\"> </span>33<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>3Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>trim<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>nio ne<span class=\"_ _e\"></span>tto<span class=\"_ _28b\"> </span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>6,<span class=\"_ _3\"></span>8<span class=\"_ _222\"> </span>84<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,7Debi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> e passi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t\u00e0 no<span class=\"_ _2\"></span>n correnti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>nan<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _181\"> </span>4<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,0<span class=\"_ _2af\"> </span>3<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>6P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 no<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> correnti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per con<span class=\"_ _1\"></span>tratti<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>ocazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _126\"> </span>13<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>6<span class=\"_ _2b0\"> </span>15<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>9Trattam<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> di<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e ra<span class=\"_ _3\"></span>pp<span class=\"_ _2\"></span>orto<span class=\"_ _28b\"> </span>4<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>3<span class=\"_ _2af\"> </span>49<span class=\"_ _2\"></span>,8Fo<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ed on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n corrent<span class=\"_ _1\"></span>i<span class=\"_ _276\"> </span>27<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2af\"> </span>31<span class=\"_ _2\"></span>,2P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 per i<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>oste di<span class=\"_ _2\"></span>fferi<span class=\"_ _2\"></span>te<span class=\"_ _2b3\"> </span>16<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>4<span class=\"_ _2b0\"> </span>16<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>1Al<span class=\"_ _2\"></span>tre passi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t\u00e0 no<span class=\"_ _2\"></span>n correnti<span class=\"_ _2b6\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2b1\"> </span>1,<span class=\"_ _2\"></span>2Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0 non co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _2b7\"> </span>40<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _222\"> </span>43<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,8Debi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> e passi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t\u00e0 c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _e2\"> </span>31<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _ee\"> </span> <span class=\"_ _8f\"> </span> <span class=\"_ _6f\"> </span>36<span class=\"_ _2\"></span>,8<span class=\"_ _205\"> </span>0,<span class=\"_ _2\"></span>8<span class=\"_ _261\"> </span>2,<span class=\"_ _2\"></span>2%P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span> per con<span class=\"_ _2\"></span>tra<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>ocazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _2c\"> </span>28<span class=\"_ _2\"></span>,8<span class=\"_ _2af\"> </span>2<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>9Debi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> v<span class=\"_ _1\"></span>erso forn<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _21d\"> </span>3<span class=\"_ _2\"></span>07<span class=\"_ _2\"></span>,1<span class=\"_ _27c\"> </span>29<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>8Debi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> v<span class=\"_ _1\"></span>erso con<span class=\"_ _2\"></span>trol<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ant<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>col<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>egate e <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _90\"> </span>11<span class=\"_ _2\"></span>,8<span class=\"_ _159\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _217\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0%<span class=\"_ _e0\"> </span>7,<span class=\"_ _2\"></span>5<span class=\"_ _7f\"> </span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _217\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0%Debi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> tri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>utari<span class=\"_ _157\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _2af\"> </span>20<span class=\"_ _2\"></span>,2Quo<span class=\"_ _2\"></span>ta <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>brev<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> te<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e fon<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ri<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ed on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2a7\"> </span>32<span class=\"_ _2\"></span>,0<span class=\"_ _2af\"> </span>3<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>7Debi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ersi<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>tre <span class=\"_ _3\"></span>passi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _e1\"> </span>1<span class=\"_ _2\"></span>03<span class=\"_ _2\"></span>,4<span class=\"_ _27c\"> </span>11<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>1Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0 co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _1bf\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,6<span class=\"_ _222\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0<span class=\"_ _29e\"> </span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,3<span class=\"_ _222\"> </span>97<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,8Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>trim<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>nio ne<span class=\"_ _e\"></span>tto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span> pas<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ivit\u00e0<span class=\"_ _2b8\"> </span>1.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5,<span class=\"_ _3\"></span>1<span class=\"_ _25d\"> </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>  <span class=\"_ _1\"></span>L<span class=\"_ _2\"></span>e o<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>eraz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>co<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> pa<span class=\"_ _3\"></span>rti<span class=\"_ _1\"></span> correl<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>e 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=\"_ _2\"></span>m<span class=\"_ _2\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> al<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>es<span class=\"_ _e\"></span>s<span class=\"_ _3\"></span>iva<span class=\"_ _3\"></span> no<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a 40<span class=\"_ _2\"></span> de<span class=\"_ _3\"></span>ll<span class=\"_ _2\"></span>e Not<span class=\"_ _3\"></span>e es<span class=\"_ _e\"></span>pli<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>ve<span class=\"_ _3\"></span>.Informazioni <span class=\"lsa\">ai</span> <span class=\"_ _2\"></span>sensi <span class=\"ff2c\">dell\u2019art.</span> <span class=\"_ _0\"></span><span class=\"lsa\">149<span class=\"ls0\">-duodecies <span class=\"_ _1\"></span>del </span></span>Regolamento Emittenti Conso<span class=\"_ _3\"></span>b<span class=\"_ _3\"></span> App<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>dice Il <span class=\"_ _285\"> </span>seguen<span class=\"_ _3\"></span>te <span class=\"_ _285\"> </span>prospetto<span class=\"_ _3\"></span>, <span class=\"_ _285\"> </span>redatto <span class=\"_ _285\"> </span>ai <span class=\"_ _16\"> </span>sensi <span class=\"_ _16\"> </span>dell\u2019<span class=\"_ _3\"></span>art. <span class=\"_ _285\"> </span>149-<span class=\"_ _3\"></span><span class=\"ff2f\">duodecies <span class=\"_ _285\"> </span></span>del <span class=\"_ _16\"> </span>Regolam<span class=\"_ _3\"></span>ento <span class=\"_ _285\"> </span>Emittenti <span class=\"_ _285\"> </span>CONS<span class=\"_ _3\"></span>OB, <span class=\"_ _285\"> </span>evid<span class=\"_ _3\"></span>enzia <span class=\"_ _16\"> </span>i corrispettivi <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>competenza <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>corr<span class=\"_ _3\"></span>ente <span class=\"_ _e\"></span>esercizio <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>i <span class=\"_ _3\"></span>servizi <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>rev<span class=\"_ _3\"></span>isione <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>er <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>uelli <span class=\"_ _e\"></span>diversi <span class=\"_ _3\"></span>dalla <span class=\"_ _e\"></span>revisione <span class=\"_ _e\"></span>resi <span class=\"_ _e\"></span>dalla<span class=\"_ _e\"></span> stessa societ\u00e0 di rev<span class=\"_ _3\"></span>isione. (Va<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Euro<span class=\"_ _2\"></span>)<span class=\"_ _2b9\"> </span><span class=\"ff2b\">Sog<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>tto<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>he<span class=\"_ _e\"></span> ha<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></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=\"_ _1\"></span>r<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>pe<span class=\"_ _e\"></span>ttivi di co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>te<span class=\"_ _11\"></span>nz<span class=\"_ _2\"></span>as<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>rviz<span class=\"_ _2\"></span>iode<span class=\"_ _e\"></span>ll<span class=\"_ _1\"></span>\u2019e<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>ciz<span class=\"_ _2\"></span>ioRe<span class=\"_ _e\"></span>v<span class=\"_ _e\"></span>is<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nta<span class=\"_ _2\"></span>bileCapo<span class=\"_ _2\"></span>gru<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o - Ca<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _56\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tte &amp; <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>he S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _21a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate<span class=\"_ _2ba\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>uche S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _21a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2Se<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _2\"></span>i di a<span class=\"_ _1\"></span>tte<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>taz<span class=\"_ _2\"></span>ione<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>(*<span class=\"_ _3\"></span>)Capo<span class=\"_ _2\"></span>gru<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o - Ca<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _56\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tte &amp; <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>he S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _21a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate<span class=\"_ _2ba\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>uche S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _21a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0Altr<span class=\"_ _2\"></span>i s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _2\"></span>i (*<span class=\"_ _3\"></span>)Capo<span class=\"_ _2\"></span>gru<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o - Ca<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _3\"></span> (*)<span class=\"_ _243\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>he S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _21a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate<span class=\"_ _2ba\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>uche S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _21a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _2bb\"> </span>0<span class=\"_ _3\"></span>,3(*) I servizi di a<span class=\"_ _1\"></span>ttestazione si r<span class=\"_ _1\"></span>iferiscono a<span class=\"_ _1\"></span>lla Dichiarazi<span class=\"_ _1\"></span>one Consolidat<span class=\"_ _1\"></span>a dei Dati No<span class=\"_ _1\"></span>n Finanziari (<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>8 mila 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>servizi <span class=\"_ _3\"></span>diversi <span class=\"_ _e\"></span>dalla <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>sue <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>trollate <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>resi <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>societ\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=\"_ _e\"></span> (*)I <span class=\"_ _11\"></span>servi<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span><span class=\"lse\">di</span> <span class=\"_ _6\"></span>attestazione <span class=\"_ _11\"></span><span class=\"ls82\">si</span> <span class=\"_ _6\"> </span>riferiscono <span class=\"_ _6\"></span>alla <span class=\"_ _11\"></span>Dichiarazione <span class=\"_ _11\"></span>Consolidata <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>Dati <span class=\"_ _11\"></span>Non <span class=\"_ _6\"> </span>Finanziari <span class=\"_ _11\"></span><span class=\"lsc\">(3<span class=\"_ _3\"></span></span>7 <span class=\"_ _6\"> </span>mila <span class=\"_ _6\"></span>euro). Gli <span class=\"_ _6\"> </span>altri <span class=\"_ _6\"></span>servizi <span class=\"_ _11\"></span><span class=\"ls82\">si</span> <span class=\"_ _285\"> </span>riferiscono principalmente a <span class=\"_ _1\"></span>consulenze <span class=\"_ _1\"></span>in alcune soc<span class=\"_ _1\"></span>iet\u00e0 spagnol<span class=\"_ _1\"></span>e.(Va<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Euro<span class=\"_ _2\"></span>)<span class=\"_ _262\"> </span><span class=\"ff2b\">Sog<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>tto<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>he<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>ha<span class=\"_ _2\"></span> e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>og<span class=\"_ _3\"></span>ato <span class=\"_ _3\"></span>il</span>Co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>pe<span class=\"_ _e\"></span>ttivi di co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>te<span class=\"_ _11\"></span>nz<span class=\"_ _2\"></span>as<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>rviz<span class=\"_ _2\"></span>iode<span class=\"_ _e\"></span>ll<span class=\"_ _1\"></span>\u2019e<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>ciz<span class=\"_ _2\"></span>ioRe<span class=\"_ _e\"></span>v<span class=\"_ _e\"></span>is<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nta<span class=\"_ _2\"></span>bileRCS<span class=\"_ _1\"></span> Medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _2bc\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>uche S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _25d\"> </span>0,<span class=\"_ _2\"></span>4So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ne<span class=\"_ _245\"> </span>D<span class=\"_ _3\"></span>el<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>te &amp;<span class=\"_ _3\"></span> Tou<span class=\"_ _2\"></span>che S.p.A.<span class=\"_ _25d\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tere<span class=\"_ _2bd\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>two<span class=\"_ _1\"></span>rk<span class=\"_ _2b3\"> </span>0,<span class=\"_ _2\"></span>4Se<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _2\"></span>i di a<span class=\"_ _1\"></span>tte<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>taz<span class=\"_ _2\"></span>ione<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>(*<span class=\"_ _3\"></span>)So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>e<span class=\"_ _277\"> </span>Del<span class=\"_ _2\"></span>oi<span class=\"_ _0\"></span>tte &amp;<span class=\"_ _3\"></span> Tou<span class=\"_ _2\"></span>che S.p.A.<span class=\"_ _25d\"> </span>0<span class=\"_ _2\"></span>,0So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tere<span class=\"_ _2bd\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>two<span class=\"_ _1\"></span>rk<span class=\"_ _2b3\"> </span>0,<span class=\"_ _2\"></span>0Altr<span class=\"_ _2\"></span>i s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _2\"></span>i (*<span class=\"_ _3\"></span>)RCS<span class=\"_ _1\"></span> Medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _2bc\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>uche S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _292\"> </span>-So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tere<span class=\"_ _2bd\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>two<span class=\"_ _1\"></span>rk<span class=\"_ _28b\"> </span>-To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _2be\"> </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"
   }
  },
  "f33825": {
   "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"
   }
  },
  "f33837": {
   "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"
   }
  },
  "f33996": {
   "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"
   }
  },
  "f34002": {
   "value": "Milano ",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f34004": {
   "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=\"_ _1\"></span>orm<span class=\"_ _2\"></span>azion<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>int<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>gr<span class=\"_ _2\"></span>ative <span class=\"_ _2\"></span>sull<span class=\"_ _1\"></span>'au<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>riz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>azi<span class=\"_ _2\"></span>one <span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>pu<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>lic<span class=\"_ _2\"></span>azio<span class=\"_ _2\"></span>ne d<span class=\"_ _1\"></span>ei <span class=\"_ _2\"></span>bilanc<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> Il <span class=\"_ _e\"></span>Bilan<span class=\"ff22\">cio <span class=\"_ _e\"></span>Consolidato <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>Cairo <span class=\"_ _e\"></span>Communication <span class=\"_ _e\"></span>S.p.<span class=\"_ _1\"></span>A., <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>l\u2019esercizio <span class=\"_ _e\"></span>chiu<span class=\"_ _1\"></span>so <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _e\"></span>2022, <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>stato </span>approvato dal Cons<span class=\"_ _1\"></span>iglio di <span class=\"_ _1\"></span>Amministrazion<span class=\"_ _1\"></span>e in data 27 ma<span class=\"_ _1\"></span>rzo 2023, che ne <span class=\"_ _1\"></span>ha autorizza<span class=\"_ _1\"></span>to la pubbl<span class=\"_ _1\"></span>icazione. ",
   "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=\"_ _2\"></span>i di<span class=\"_ _1\"></span> ri<span class=\"_ _2\"></span>lievo<span class=\"_ _1\"></span> de<span class=\"_ _2\"></span>ll\u2019e<span class=\"_ _1\"></span>ser<span class=\"_ _1\"></span>ciz<span class=\"_ _2\"></span>io I fatti di rilievo de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>l\u2019esercizio sono co<span class=\"_ _2\"></span>mmentati <span class=\"_ _3\"></span><span class=\"ff1f\">nella re<span class=\"_ _1\"></span>lazione degli am<span class=\"_ _1\"></span>ministrator<span class=\"_ _1\"></span>i sulla ges<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e.<span class=\"_ _2\"></span> </span>Si<span class=\"ls0\"> <span class=\"_ _2\"></span>ricorda <span class=\"_ _2\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>data <span class=\"_ _2\"></span>15 <span class=\"_ _2\"></span>luglio <span class=\"_ _2\"></span>RCS, <span class=\"_ _2\"></span>K<span class=\"_ _1\"></span>ryalos <span class=\"_ _2\"></span>SGR <span class=\"_ _2\"></span>S.p.A. <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>nome <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>per <span class=\"_ _0\"></span>conto <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Fondo <span class=\"_ _2\"></span>Delphine <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>Blackston<span class=\"_ _1\"></span>e </span>(e <span class=\"_\"> </span>tutte <span class=\"_\"> </span>le <span class=\"_\"> </span>e<span class=\"_ _1\"></span>ntit\u00e0 <span class=\"_\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_\"> </span>gruppo <span class=\"_\"> </span>Bla<span class=\"_ _1\"></span>ckstone <span class=\"_\"> </span>a<span class=\"_ _1\"></span>ttrici <span class=\"_\"> </span>nei <span class=\"_ _12\"> </span>procedimenti <span class=\"_\"> </span>intenta<span class=\"_ _1\"></span>ti <span class=\"_\"> </span>a <span class=\"_ _12\"> </span>New <span class=\"_\"> </span>York) <span class=\"_\"> </span>hanno <span class=\"_\"> </span>d<span class=\"_ _1\"></span>efinito transatt<span class=\"_ _1\"></span>ivamente <span class=\"_\"> </span>le <span class=\"_ _16\"> </span>controversie. <span class=\"_\"> </span>L\u2019accordo <span class=\"_ _16\"> </span>raggiunto <span class=\"_\"> </span>ha <span class=\"_ _16\"> </span>comportato <span class=\"_\"> </span>l<span class=\"_ _3\"></span>a <span class=\"_ _16\"> </span>definitiva <span class=\"_\"> </span>cessazione <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>tutti <span class=\"_\"> </span>i<span class=\"_ _3\"></span> contenziosi p<span class=\"_ _1\"></span>endenti ne<span class=\"_ _1\"></span>gli Stati U<span class=\"_ _1\"></span>niti e in <span class=\"_ _1\"></span>Italia <span class=\"_ _1\"></span>e, pi\u00f9 i<span class=\"_ _1\"></span>n generale, <span class=\"_ _2\"></span>la reciproca rinuncia <span class=\"_ _1\"></span>a ogni <span class=\"_ _1\"></span>pretesa, <span class=\"_ _1\"></span>azione,<span class=\"_ _1\"></span> danno <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>relazione <span class=\"_ _e\"></span>al<span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>compravendita <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>2013 <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>alle <span class=\"_ _e\"></span>azioni <span class=\"_ _3\"></span>intraprese <span class=\"_ _3\"></span>da <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>relazion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>essa.<span class=\"_ _3\"></span>  <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>ha corrisposto un con<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ributo di euro 10 <span class=\"_ _1\"></span>milioni al<span class=\"_ _1\"></span>le spese sostenute<span class=\"_ _1\"></span> da controp<span class=\"_ _1\"></span>arte. Inoltre, RC<span class=\"_ _1\"></span>S ha acqui<span class=\"_ _1\"></span>stato, a<span class=\"_ _1\"></span>l prezzo <span class=\"_ _6\"> </span>di <span class=\"_ _7\"> </span>euro <span class=\"_ _6\"> </span>59,9 <span class=\"_ _6\"> </span>milioni, <span class=\"_ _6\"> </span>l\u2019immobile <span class=\"_ _7\"> </span>di <span class=\"_ _6\"> </span>Via <span class=\"_ _7\"> </span>Solferino, <span class=\"_ _6\"></span>sede <span class=\"_ _6\"> </span>storica <span class=\"_ _6\"> </span>de<span class=\"_ _3\"></span><span class=\"ff1f ls2\">l <span class=\"_ _7\"></span></span><span class=\"ff24\">Corriere <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>Sera<span class=\"ff1f\"> <span class=\"_ _7\"></span>e <span class=\"_ _6\"></span>parte <span class=\"_ _7\"></span>del </span></span>complesso <span class=\"_ _b\"> </span>immobiliare. <span class=\"_ _148\"> </span>Contestualmente <span class=\"_ _b\"> </span>alla <span class=\"_ _b\"> </span>sottoscrizione <span class=\"_ _b\"> </span>del <span class=\"_ _b\"> </span>relativo <span class=\"_ _b\"> </span>contratto <span class=\"_ _b\"> </span>preliminare <span class=\"_ _148\"> </span>di compravendita <span class=\"_ _3\"></span>immobiliare, <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>15 <span class=\"_ _3\"></span>luglio <span class=\"_ _e\"></span>2022 <span class=\"_ _3\"></span>RCS <span class=\"_ _e\"></span>ha <span class=\"_ _e\"></span>versato <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Kryalos <span class=\"_ _3\"></span>un <span class=\"_ _e\"></span>acconto <span class=\"_ _3\"></span>prezzo <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>Euro <span class=\"_ _e\"></span>10 milioni. <span class=\"_ _3\"></span><span class=\"ff22\">L\u2019acquisto <span class=\"_ _3\"></span>dell\u2019immobile <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>stato <span class=\"_ _3\"></span>finalizzato <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span>19 <span class=\"_ _3\"></span>ottobre <span class=\"_ _e\"></span>2022,</span> <span class=\"_ _e\"></span>con contestuale <span class=\"_ _e\"></span>pagament<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>del saldo <span class=\"_ _3\"></span>prezzo <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>euro <span class=\"_ _e\"></span>49,9 milioni. <span class=\"_ _3\"></span>Per <span class=\"_ _e\"></span>un maggior <span class=\"_ _e\"></span>dettagl<span class=\"_ _1\"></span>io <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>suddetta <span class=\"_ _3\"></span>transazione <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>rinvia <span class=\"_ _e\"></span>al <span class=\"_ _3\"></span>paragrafo \u201cImpegni, rischi <span class=\"_ _1\"></span>ed altre inform<span class=\"_ _1\"></span>azioni\u201d della presente <span class=\"_ _1\"></span>relazione finan<span class=\"_ _1\"></span>ziaria annua<span class=\"_ _1\"></span>le. Prin<span class=\"_ _2\"></span>cipi <span class=\"_ _2\"></span>conta<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>i s<span class=\"_ _1\"></span>ig<span class=\"_ _2\"></span>nific<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> 1. F<span class=\"_ _2\"></span>orma <span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>cont<span class=\"_ _1\"></span>enu<span class=\"_ _1\"></span>to <span class=\"_ _0\"></span>del <span class=\"_ _2\"></span>bila<span class=\"_ _2\"></span>ncio <span class=\"_ _2\"></span>consol<span class=\"_ _1\"></span>ida<span class=\"_ _2\"></span>to La<span class=\"ls0\"> <span class=\"_ _e\"></span>valuta <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>presentazione <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>presen<span class=\"_ _1\"></span>te <span class=\"_ _e\"></span>bilanc<span class=\"_ _1\"></span>io <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span><span class=\"ff22\">l\u2019euro,</span> <span class=\"_ _3\"></span>utilizzato <span class=\"_ _3\"></span>come <span class=\"_ _3\"></span>valuta <span class=\"_ _e\"></span>funzionale <span class=\"_ _3\"></span>dalla </span>maggior <span class=\"_ _e\"></span>parte <span class=\"_ _6\"></span>delle <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>Gruppo. <span class=\"_ _11\"></span>Ove <span class=\"_ _11\"></span>non <span class=\"_ _11\"></span>differentemente <span class=\"_ _e\"></span>indicato, <span class=\"_ _11\"></span>tutti<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>importi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>espressi <span class=\"_ _3\"></span><span class=\"ls2\">in</span> milioni di <span class=\"_ _3\"></span>euro. <span class=\"ls46\">Al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 2022 <span class=\"ls2\">il</span> bilancio <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>comprende <span class=\"_ _3\"></span>51 <span class=\"_ _3\"></span>societ\u00e0 controllate <span class=\"_ _3\"></span>direttamente e indirettamente <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>consolid<span class=\"_ _1\"></span>ate <span class=\"_ _2\"></span>con <span class=\"ls16\">il</span> <span class=\"_ _2\"></span>metodo integrale (5<span class=\"_ _1\"></span>1 societ\u00e0 al 31 d<span class=\"_ _1\"></span>icembre 2021). La rev<span class=\"_ _1\"></span>isione leg<span class=\"_ _1\"></span>ale de<span class=\"_ _1\"></span>l bilancio <span class=\"_ _2\"></span>consolidato \u00e8 svol<span class=\"_ _1\"></span>ta da<span class=\"_ _1\"></span> Deloitte <span class=\"_ _2\"></span>&amp; Touche S<span class=\"_ _1\"></span>.p<span class=\"_ _1\"></span>.A<span class=\"_ _2\"></span>. 2. S<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>emi<span class=\"_ _2\"></span> di bi<span class=\"_ _2\"></span>lanci<span class=\"_ _1\"></span>o Di<span class=\"ls0\"> seguito si elenca<span class=\"_ _1\"></span>no gli s<span class=\"_ _1\"></span>chemi del bilancio <span class=\"_ _1\"></span>consolid<span class=\"_ _1\"></span>ato di Gru<span class=\"_ _2\"></span>ppo.<span class=\"_ _2\"></span> </span>Il <span class=\"_ _2\"></span>conto <span class=\"_ _0\"></span>economico <span class=\"_ _2\"></span>consol<span class=\"_ _1\"></span>idato <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _0\"></span>redatto <span class=\"_ _2\"></span>secondo <span class=\"_ _0\"></span>lo <span class=\"_ _2\"></span>schema <span class=\"_ _0\"></span>con <span class=\"_ _2\"></span>destinazion<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>osti <span class=\"_ _2\"></span>per <span class=\"_ _0\"></span>natura, <span class=\"_ _2\"></span>evidenzi<span class=\"_ _1\"></span>ando 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 ed <span class=\"_ _e\"></span>al 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=\"_ _1\"></span>urabilit\u00e0 del<span class=\"_ _1\"></span>l\u2019andamento<span class=\"_ _1\"></span> della nor<span class=\"_ _1\"></span>male ge<span class=\"_ _1\"></span>stione operativa<span class=\"_ _1\"></span>. Nelle no<span class=\"_ _1\"></span>te esplicat<span class=\"_ _1\"></span>ive vengono<span class=\"_ _1\"></span> inoltre indicate <span class=\"_ _7\"></span>separatamente <span class=\"_ _6\"></span>le <span class=\"_ _a\"> </span>componenti<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>costo <span class=\"_ _6\"></span>e <span class=\"_ _a\"> </span>ricavo <span class=\"_ _6\"></span>derivanti <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>a <span class=\"_ _7\"></span>eventi <span class=\"_ _a\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>operazioni <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>per <span class=\"_ _a\"> </span>natura <span class=\"_ _7\"></span>e<span class=\"_ _3\"></span> rilevanza <span class=\"_ _2\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>importo <span class=\"_ _2\"></span>s<span class=\"_ _1\"></span>ono <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>con<span class=\"_ _1\"></span>siderarsi <span class=\"_ _0\"></span>non <span class=\"_ _2\"></span>ricorrenti, <span class=\"_ _2\"></span>secondo<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>efinizione <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>ontenuta <span class=\"_ _0\"></span>nella <span class=\"_ _2\"></span>Comunicazione<span class=\"_ _2\"></span> CONSOB<span class=\"_ _1\"></span> n. 6064293 del 28 lug<span class=\"_ _1\"></span>lio 2006. Gli <span class=\"_ _12\"> </span>effetti <span class=\"_ _12\"> </span>economici <span class=\"_ _12\"> </span>delle <span class=\"_ _12\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>operative <span class=\"_ _a\"> </span>cessate <span class=\"_\"> </span>sono <span class=\"_ _12\"> </span>espos<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span>in <span class=\"_ _12\"> </span>un\u2019unica <span class=\"_ _12\"> </span>voce <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>conto <span class=\"_\"> </span><span class=\"ff1f\">eco<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>o </span>denom<span class=\"_ _1\"></span>ina<span class=\"_ _2\"></span>ta <span class=\"_ _a\"> </span>\u201cRisu<span class=\"_ _1\"></span>lt<span class=\"_ _1\"></span>ato<span class=\"_ _2\"></span> <span class=\"_ _12\"> </span>nett<span class=\"_ _2\"></span>o <span class=\"_ _12\"> </span>de<span class=\"_ _1\"></span>lle<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>cess<span class=\"_ _1\"></span>ate<span class=\"_ _2\"></span>\u201d, <span class=\"_ _a\"> </span>cos\u00ec <span class=\"_ _a\"> </span>come<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>previ<span class=\"_ _2\"></span>sto <span class=\"_ _a\"> </span>dall<span class=\"_ _1\"></span>\u2019I<span class=\"_ _2\"></span>FRS <span class=\"_ _a\"> </span>5. <span class=\"_ _12\"> </span>Nel<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>eco<span class=\"_ _1\"></span>nom<span class=\"_ _2\"></span>ico<span class=\"_ _1\"></span> con<span class=\"_ _2\"></span>solida<span class=\"_ _2\"></span>to <span class=\"_ _4\"> </span>comp<span class=\"_ _2\"></span>lessiv<span class=\"_ _2\"></span>o <span class=\"_ _4\"> </span>s<span class=\"_ _1\"></span>ono<span class=\"_ _2\"></span> <span class=\"_ _5\"> </span>inol<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>e <span class=\"_ _4\"> </span>ril<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"> </span>le <span class=\"_ _4\"> </span>\u201cva<span class=\"_ _2\"></span>riazio<span class=\"_ _2\"></span>ni <span class=\"_ _4\"> </span>gene<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>te <span class=\"_ _4\"> </span>da<span class=\"ls0\"> <span class=\"_ _4\"> </span>transazioni <span class=\"_ _f\"> </span>con <span class=\"_ _16\"> </span>i <span class=\"_ _4\"> </span>non <span class=\"_ _f\"> </span></span>soci\u201d<span class=\"ff24\"> </span>(evidenziando <span class=\"_ _2\"></span>separatamen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>i re<span class=\"_ _1\"></span>lativi <span class=\"_ _2\"></span>eventuali <span class=\"_ _2\"></span>effetti <span class=\"_ _2\"></span>fiscali), in particola<span class=\"_ _1\"></span>re: <span class=\"ff1f fs7 fc0\">le <span class=\"_ _e\"></span>voci <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>utile <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>perdita <span class=\"_ _3\"></span>che <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>precedenza<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>potevano<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>essere <span class=\"_ _3\"></span>imputate <span class=\"_ _3\"></span>direttamente <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>patrimonio<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>netto <span class=\"_ _3\"></span>(ad <span class=\"_ _e\"></span>es. </span>utili/perdite attua<span class=\"_ _1\"></span>riali generati <span class=\"_ _1\"></span>da valutazione<span class=\"_ _1\"></span> di piani a bene<span class=\"_ _1\"></span>fici def<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>);<span class=\"_ _2\"></span> <span class=\"ff1f fs7 fc0\">gli effetti della valu<span class=\"_ _1\"></span>tazione degli strumen<span class=\"_ _1\"></span>ti derivati a coper<span class=\"_ _1\"></span>tura dei flussi di cas<span class=\"_ _1\"></span>sa fut<span class=\"_ _1\"></span>uri<span class=\"_ _2\"></span>; </span><span class=\"ff1f fs7 fc0\">gli effetti della valutazion<span class=\"_ _1\"></span>e delle attivit\u00e0 fin<span class=\"_ _1\"></span>anziarie disponib<span class=\"_ _1\"></span>ili per la ven<span class=\"_ _1\"></span>di<span class=\"_ _2\"></span>ta; </span><span class=\"ff22 fs7 fc0\">l\u2019effetto<span class=\"ff1f\"> derivante <span class=\"ls6\">da</span> eventuali cambiamenti dei princi<span class=\"_ _1\"></span>pi cont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>i.<span class=\"_ _2\"></span> </span></span>Il<span class=\"ls0\"> <span class=\"_ _e\"></span>conto <span class=\"_ _e\"></span>econo<span class=\"_ _1\"></span>mico <span class=\"_ _3\"></span>consolidato <span class=\"_ _e\"></span>complessivo <span class=\"_ _3\"></span>presenta <span class=\"_ _3\"></span><span class=\"ls2\">le</span> <span class=\"_ _3\"></span>voci <span class=\"_ _e\"></span>relative <span class=\"_ _3\"></span>agli <span class=\"_ _e\"></span>importi <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>altr<span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>componen<span class=\"_ _1\"></span>ti del </span>conto <span class=\"_ _0\"></span>economico <span class=\"_ _0\"></span>comples<span class=\"_ _1\"></span>sivo <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=\"ls2\">in<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>quelle <span class=\"_ _2\"></span>che, <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>conformit\u00e0 <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>disposizioni </span></span>di altri IAS/IFRS:<span class=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">non saranno successivamen<span class=\"_ _1\"></span>te riclass<span class=\"ff22\">ificate nell\u2019ut<span class=\"_ _1\"></span>ile<span class=\"ff1f\"> (perdita) </span>de<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>\u2019es<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span>cizio<span class=\"_ _2\"></span>;<span class=\"ff1f\"> </span></span></span>saranno <span class=\"_ _aa\"> </span>successivamen<span class=\"_ _1\"></span>te <span class=\"_ _aa\"> </span>riclassifica<span class=\"_ _1\"></span>te <span class=\"_ _aa\"> </span>nell\u2019utile <span class=\"_ _ab\"> </span>(perdita) <span class=\"_ _aa\"> </span>dell\u2019esercizio, <span class=\"_ _ab\"> </span>quando <span class=\"_ _aa\"> </span>saranno <span class=\"_ _aa\"> </span>soddisfa<span class=\"_ _1\"></span>tte determinate cond<span class=\"_ _1\"></span>izioni. Lo<span class=\"ls0\"> <span class=\"_ _2\"></span>stato <span class=\"_ _2\"></span>pat<span class=\"_ _1\"></span>rimo<span class=\"_ _2\"></span>niale<span class=\"_ _2\"></span> co<span class=\"_ _2\"></span>nsol<span class=\"_ _2\"></span>idato<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>redat<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>sec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls16\">lo<span class=\"ls0\"> s<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>ema<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>evid<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls16\">la<span class=\"ls0\"> r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e di <span class=\"_ _2\"></span>at<span class=\"_ _1\"></span>tivit\u00e0 <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>passivit\u00e0 </span></span></span></span></span>tra<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff22\">\u201ccorrenti\u201d<span class=\"ff1f\"> <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span><span class=\"ff22\">\u201cnon<span class=\"ff1f\"> <span class=\"_ _1\"></span><span class=\"ff22\">correnti\u201d<span class=\"ff1f\"> <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span><span class=\"ff22\">l<span class=\"_ _3\"></span>\u2019indicazion<span class=\"_ _1\"></span>e,<span class=\"ff1f\"> <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>due voc<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>separate, delle <span class=\"_ _1\"></span><span class=\"ff22\">\u201cAttivit\u00e0<span class=\"ff1f\"> <span class=\"_ _2\"></span>destinate a<span class=\"_ _1\"></span>lla <span class=\"_ _1\"></span><span class=\"ff22\">vendita\u201d<span class=\"ff1f\"> <span class=\"_ _2\"></span>e </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>delle <span class=\"_ _17\"> </span><span class=\"ff22\">\u201cPassivit\u00e0</span> <span class=\"_ _ab\"> </span>destinate <span class=\"_ _17\"> </span>alla <span class=\"_ _ab\"> </span>dismissione <span class=\"_ _17\"> </span>o <span class=\"_ _ab\"> </span><span class=\"ff22\">cessate\u201d, <span class=\"_ _aa\"> </span>come <span class=\"_ _aa\"> </span>previsto <span class=\"_ _ab\"> </span>dall\u2019IFRS <span class=\"_ _aa\"> </span>5. <span class=\"_ _aa\"> </span>In <span class=\"_ _c\"> </span></span>particolare, un\u2019attivit\u00e0/passivi<span class=\"_ _1\"></span>t\u00e0 \u00e8 classi<span class=\"_ _1\"></span>ficata come c<span class=\"_ _1\"></span>orrente quand<span class=\"_ _1\"></span>o soddisfa uno <span class=\"_ _1\"></span>dei seguenti <span class=\"_ _1\"></span>criteri:<span class=\"ff1f\"> </span><span class=\"ff1f fs7 fc0\">ci si <span class=\"_ _2\"></span>as<span class=\"_ _3\"></span>petta <span class=\"_ _2\"></span>che sia <span class=\"_ _2\"></span>realizzata/estinta <span class=\"_ _2\"></span>o si <span class=\"_ _1\"></span>preve<span class=\"_ _1\"></span>de ch<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>sia <span class=\"_ _2\"></span>venduta o <span class=\"_ _2\"></span>utilizzata n<span class=\"_ _1\"></span>el n<span class=\"_ _2\"></span>ormale cic<span class=\"_ _1\"></span>lo op<span class=\"_ _2\"></span>erativo della </span>societ\u00e0; <span class=\"ff1f fs7 fc0\">\u00e8 posseduta principal<span class=\"_ _1\"></span>mente per essere negoz<span class=\"_ _1\"></span>iata; </span><span class=\"ff22 fs7 fc0\">si prevede che si realizz<span class=\"_ _1\"></span>i/estingua en<span class=\"_ _1\"></span>tro 12 mesi da<span class=\"_ _1\"></span>lla data di chius<span class=\"_ _1\"></span>ura dell\u2019eserc<span class=\"_ _1\"></span>izio.<span class=\"ff1f\"> </span></span>In mancanza di <span class=\"_ _1\"></span>tutte e tre le<span class=\"_ _1\"></span> condizioni, le <span class=\"_ _1\"></span>attivit\u00e0/pass<span class=\"_ _1\"></span>ivit\u00e0 sono class<span class=\"_ _1\"></span>ificate co<span class=\"_ _1\"></span>me non corre<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ti.<span class=\"_ _2\"></span> Il <span class=\"_ _e\"></span>prospetto <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>movimentazione <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>patrimonio <span class=\"_ _e\"></span>netto <span class=\"_ _e\"></span>consolidato <span class=\"_ _e\"></span>illustra <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>variazioni <span class=\"_ _e\"></span>intervenute <span class=\"_ _e\"></span>nelle <span class=\"_ _e\"></span>voci del patrimonio ne<span class=\"_ _1\"></span>tto relativ<span class=\"_ _1\"></span>e a: <span class=\"ff22 fs7 fc0\">destinazione dell\u2019uti<span class=\"_ _1\"></span>le di p<span class=\"ff1f\">eriodo; </span></span><span class=\"ff1f fs7 fc0\">ammontare <span class=\"_ _11\"></span>relativo <span class=\"_ _e\"></span>ad <span class=\"_ _11\"></span>operazioni <span class=\"_ _e\"></span>con <span class=\"_ _11\"></span>gli <span class=\"_ _11\"></span>azionisti <span class=\"_ _e\"></span>(acquisto <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>vendita <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>azioni <span class=\"_ _e\"></span>proprie);<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>separatamente <span class=\"_ _e\"></span>i </span>proventi <span class=\"_ _3\"></span>ed <span class=\"_ _e\"></span>oneri <span class=\"_ _e\"></span>defini<span class=\"_ _1\"></span>ti <span class=\"_ _e\"></span><span class=\"ff25\">\u201cvariazi<span class=\"_ _1\"></span>oni <span class=\"_ _e\"></span>genera<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>da <span class=\"_ _e\"></span>transazioni <span class=\"_ _3\"></span>con <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>non<span class=\"ff24\">- <span class=\"_ _e\"></span></span>soci\u201d, <span class=\"_ _e\"></span><span class=\"ff1f\">che <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>riportate <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>nel </span></span>conto economico <span class=\"_ _1\"></span>consolidato comp<span class=\"_ _1\"></span>lessivo. Si <span class=\"_ _12\"> </span>precisa, <span class=\"_ _a\"> </span>infine, <span class=\"_ _12\"> </span>che <span class=\"_ _12\"> </span>con<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>riferimen<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>alla <span class=\"_ _a\"> </span>Delibera <span class=\"_ _12\"> </span>Consob <span class=\"_ _a\"> </span>n. <span class=\"_ _12\"> </span>15519 <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span><span class=\"ls6\">27</span> <span class=\"_ _12\"> </span>luglio <span class=\"_ _12\"> </span>2006 <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>merito <span class=\"_ _11\"></span>agli schemi <span class=\"_\"> </span>di <span class=\"_\"> </span>b<span class=\"_ _1\"></span>ilancio <span class=\"_\"> </span>in <span class=\"_\"> </span>all<span class=\"_ _1\"></span>egato, <span class=\"_\"> </span>sono <span class=\"_\"> </span>s<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ati <span class=\"_\"> </span>inserit<span class=\"_ _1\"></span>i <span class=\"_\"> </span>specifi<span class=\"_ _1\"></span>ci <span class=\"_\"> </span>schemi <span class=\"_ _12\"> </span>supplementari <span class=\"_\"> </span>diconto <span class=\"_\"> </span>econo<span class=\"_ _1\"></span>mico consolidato e <span class=\"_ _e\"></span>sta<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>patrimoniale <span class=\"_ _3\"></span>consolidato<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>evidenza <span class=\"_ _3\"></span>dei rapporti <span class=\"_ _3\"></span>significativi con parti corre<span class=\"_ _1\"></span>late, <span class=\"ls4\">al</span> f<span class=\"_ _1\"></span>ine di <span class=\"_ _1\"></span>non <span class=\"_ _2\"></span>compromettere <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>leggibilit\u00e0 <span class=\"_ _2\"></span>complessiva <span class=\"_ _1\"></span>degli schem<span class=\"_ _1\"></span>i di bilancio.<span class=\"_ _1\"></span> </span></span>4. C<span class=\"_ _2\"></span>rite<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> va<span class=\"_ _1\"></span>lut<span class=\"_ _2\"></span>azione<span class=\"_ _1\"></span> Il <span class=\"_ _12\"> </span>bilancio <span class=\"_\"> </span>consol<span class=\"_ _1\"></span>idato <span class=\"_ _12\"> </span>\u00e8 <span class=\"_\"> </span>sta<span class=\"_ _1\"></span>to <span class=\"_\"> </span>r<span class=\"_ _1\"></span>edatto <span class=\"_ _12\"> </span>in <span class=\"_\"> </span>con<span class=\"_ _1\"></span>formit\u00e0 <span class=\"_\"> </span>a <span class=\"_ _12\"> </span>quanto <span class=\"_ _12\"> </span>disposto <span class=\"_\"> </span>da<span class=\"_ _1\"></span>lla <span class=\"_ _12\"> </span>CONSOB <span class=\"_ _12\"> </span>con <span class=\"_ _12\"> </span>deli<span class=\"_ _3\"></span>bera <span class=\"_ _12\"> </span><span class=\"ls6\">n.</span> 11971/1999 <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>success<span class=\"_ _1\"></span>ive <span class=\"_ _2\"></span>modifiche, <span class=\"_ _2\"></span><span class=\"ls2\">tra<span class=\"ls0\"> <span class=\"_ _2\"></span>cui <span class=\"_ _1\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>particolare <span class=\"_ _2\"></span>quelle <span class=\"_ _2\"></span>introdotte <span class=\"_ _1\"></span>dalle <span class=\"_ _2\"></span>delibere n. <span class=\"_ _2\"></span>14990 <span class=\"_ _2\"></span>del 14 <span class=\"_ _1\"></span>aprile<span class=\"_ _2\"></span> </span></span></span></span>2005 <span class=\"_ _2\"></span>e n. <span class=\"_ _2\"></span>15519 <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>27 lug<span class=\"_ _1\"></span>lio <span class=\"_ _2\"></span>2006, <span class=\"_ _2\"></span>contiene i<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>prospetti <span class=\"_ _2\"></span>contabili <span class=\"_ _2\"></span>e le <span class=\"_ _2\"></span>note <span class=\"_ _2\"></span>esplicative <span class=\"_ _2\"></span>ed<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>integrative <span class=\"_ _2\"></span>consolidati di <span class=\"_\"> </span>Gruppo, <span class=\"_\"> </span>el<span class=\"_ _1\"></span>aborati <span class=\"_\"> </span>adot<span class=\"_ _1\"></span>tando <span class=\"_\"> </span>i <span class=\"_\"> </span>pr<span class=\"_ _2\"></span>incip<span class=\"_ _2\"></span>i <span class=\"_\"> </span>c<span class=\"_ _2\"></span>ontab<span class=\"_ _2\"></span>ili <span class=\"_ _12\"> </span>in<span class=\"_ _2\"></span>terna<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>IF<span class=\"_ _1\"></span>RS<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>emes<span class=\"_ _2\"></span>si <span class=\"_ _12\"> </span>dall<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>I<span class=\"_ _1\"></span>AS<span class=\"_ _2\"></span>B <span class=\"_ _12\"> </span>(<span class=\"ff24\">Inte<span class=\"_ _1\"></span>rna<span class=\"_ _2\"></span>tiona<span class=\"_ _1\"></span>l </span>Acc<span class=\"_ _2\"></span>ounti<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>Sta<span class=\"_ _2\"></span>ndard<span class=\"_ _2\"></span>s <span class=\"_ _e\"></span>Board<span class=\"ff22\">) <span class=\"_ _11\"></span>e <span class=\"_ _e\"></span>adottati <span class=\"_ _11\"></span>dall\u2019Unione <span class=\"_ _e\"></span>Europea. <span class=\"_ _e\"></span>Per <span class=\"_ _11\"></span>IFRS <span class=\"_ _e\"></span>si <span class=\"_ _11\"></span>intendono <span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>utti <span class=\"_ _e\"></span>gli <span class=\"_ _11\"></span>\u201c<span class=\"_ _3\"></span></span>International Financial <span class=\"_ _12\"> </span>Reporti<span class=\"_ _1\"></span>ng <span class=\"_ _12\"> </span>Standards<span class=\"ff22\">\u201d<span class=\"ff1f\"> <span class=\"_ _a\"> </span>(IFRS), <span class=\"_ _12\"> </span>tutti <span class=\"_ _12\"> </span>gli <span class=\"_ _12\"> </span></span>\u201c</span>Internat<span class=\"_ _1\"></span>ional <span class=\"_ _12\"> </span>Accounting <span class=\"_ _a\"> </span>Standards\u201d <span class=\"_ _12\"> </span>(IAS) <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>tutte <span class=\"_ _16\"> </span>le interpretazioni <span class=\"_ _3\"></span>dell\u2019\u201c<span class=\"ff24\">International <span class=\"_ _e\"></span>Financ<span class=\"_ _1\"></span>ial <span class=\"_ _e\"></span>Reporting <span class=\"_ _3\"></span>St<span class=\"_ _3\"></span>andards <span class=\"_ _3\"></span>Interpretations <span class=\"_ _e\"></span>Committe<span class=\"_ _1\"></span>e<span class=\"_ _3\"></span><span class=\"ff22\">\u201d <span class=\"_ _e\"></span>(IFRS <span class=\"_ _e\"></span>IC, <span class=\"_ _e\"></span>gi\u00e0 </span></span>IFRIC<span class=\"_ _1\"></span>), precedentemente d<span class=\"_ _1\"></span>enominate \u201c<span class=\"ff24\">Standing In<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>erpretations Comm<span class=\"_ _1\"></span>ittee<span class=\"ff22\">\u201d (SIC<span class=\"_ _1\"></span>).<span class=\"ff1f\"> </span></span></span>Con <span class=\"_ _11\"></span>riferimento <span class=\"_ _e\"></span>alla <span class=\"_ _11\"></span>comunicazione <span class=\"_ _e\"></span>Consob <span class=\"_ _11\"></span>n. <span class=\"_ _11\"></span>DEM/11070007 <span class=\"_ _e\"></span>del <span class=\"_ _11\"></span>5 <span class=\"_ _11\"></span>agosto <span class=\"_ _11\"></span>2011, <span class=\"_ _11\"></span><span class=\"ls49\">si</span> <span class=\"_ _11\"></span>ricorda <span class=\"_ _a\"></span>ino<span class=\"_ _1\"></span>ltre <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>il<span class=\"_ _3\"></span> Gruppo <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>detiene<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>in po<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>tafoglio <span class=\"_ _2\"></span>titoli <span class=\"_ _2\"></span>obbligazionari <span class=\"_ _2\"></span>emessi <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>governi <span class=\"_ _2\"></span>centrali <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>locali <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>da en<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>governativi, e non \u00e8 pertanto e<span class=\"_ _1\"></span>sposto ai rischi der<span class=\"_ _1\"></span>ivanti dalle osc<span class=\"_ _1\"></span>illazioni di merc<span class=\"_ _1\"></span>ato dei sudd<span class=\"_ _1\"></span>etti 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=\"_ _3\"></span>Cairo <span class=\"_ _e\"></span>Commun<span class=\"_ _1\"></span>ication <span class=\"_ _3\"></span><span class=\"ls4\">al</span> <span class=\"_ _3\"></span>31 <span class=\"_ _e\"></span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>2022 <span class=\"_ _3\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>predisposto <span class=\"_ _11\"></span>nel <span class=\"_ _6\"></span>rispet<span class=\"_ _1\"></span>to <span class=\"_ _11\"></span>dei </span>principi <span class=\"_ _e\"></span>contabili <span class=\"_ _e\"></span><span class=\"ff22\">internazionali <span class=\"_ _e\"></span>(\u201cIFRS\u201d) <span class=\"_ _e\"></span>emessi <span class=\"_ _e\"></span>dall\u2019<span class=\"ff24\">International <span class=\"_ _e\"></span>Accounting <span class=\"_ _3\"></span>St<span class=\"_ _3\"></span>andard <span class=\"_ _e\"></span>Board <span class=\"_ _e\"></span></span>(<span class=\"_ _3\"></span>\u201cIASB\u201d) <span class=\"_ _3\"></span>e </span>omologati dall\u2019Unione Europea, nonch\u00e9 dei <span class=\"_ _3\"></span>provvedimen<span class=\"_ _1\"></span>ti<span class=\"ff1f\"> <span class=\"_\"> </span>e<span class=\"_ _1\"></span>manati <span class=\"_ _12\"> </span><span class=\"ls16\">in</span> <span class=\"_ _12\"> </span>attuazione <span class=\"_ _12\"> </span><span class=\"ff22\">dell\u2019Art.</span> <span class=\"_ _12\"> </span>9 <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>D.Lg<span class=\"_ _1\"></span>s <span class=\"_ _12\"> </span>n. </span>38/2005. <span class=\"_ _a\"> </span>Con <span class=\"_ _12\"> </span><span class=\"ls16\">il</span> <span class=\"_ _a\"> </span>termine IFRS si intendono<span class=\"_ _1\"></span> anche tutti i principi c<span class=\"ff22\">ontabili internazional<span class=\"_ _1\"></span>i rivisti (\u201cIAS\u201d), tutte </span>le <span class=\"_ _1c7\"> </span>interpretazion<span class=\"_ _1\"></span>i <span class=\"_ _1c\"> </span>dell\u2019International <span class=\"_ _1c\"> </span>Financial <span class=\"_ _1c\"> </span>Reporting <span class=\"_ _1c7\"> </span>Interpretations<span class=\"_ _1\"></span> <span class=\"_ _1c\"> </span>Committee <span class=\"_ _1c8\"> </span><span class=\"ff22\">(\u201cIFRIC\u201d), </span>precedentemen<span class=\"_ _1\"></span>te denomina<span class=\"_ _1\"></span>te Standing Interpr<span class=\"_ _1\"></span>etations Com<span class=\"_ _1\"></span>mittee (\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=\"ls16\">il</span> risultato ope<span class=\"_ _1\"></span>rativo \u00e8 <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ettificato dag<span class=\"_ _1\"></span>li effe<span class=\"_ _1\"></span>tti delle op<span class=\"_ _2\"></span>erazioni di natu<span class=\"_ _1\"></span>ra non monetar<span class=\"_ _1\"></span>ia, da qualsiasi differ<span class=\"_ _1\"></span>imento o accantonamento di precedenti o futuri i<span class=\"_ _3\"></span>ncassi o pagamenti operativi e da <span class=\"_ _3\"></span>elementi di ricavi o <span class=\"_ _3\"></span>costi connessi con <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>flussi <span class=\"_ _11\"></span>finanziari <span class=\"_ _6\"></span>derivanti <span class=\"_ _11\"></span>dall\u2019<span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _11\"></span>d\u2019investimento <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>finanziar<span class=\"_ _1\"></span>ia. <span class=\"_ _6\"></span>I <span class=\"_ _11\"></span>pr<span class=\"_ _3\"></span>oventi <span class=\"_ _11\"></span>e <span class=\"_ _6\"> </span>gli <span class=\"_ _6\"> </span>oneri <span class=\"_ _6\"></span>relativi <span class=\"_ _11\"></span>alle operazioni <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _2\"></span>iamen<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>med<span class=\"_ _2\"></span>io/lun<span class=\"_ _2\"></span>go <span class=\"_ _6\"></span>ter<span class=\"_ _2\"></span>mine<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ls48\">ed</span> <span class=\"_ _7\"></span><span class=\"ls3\">ai</span> <span class=\"_ _6\"></span>relat<span class=\"_ _2\"></span>ivi <span class=\"_ _6\"></span>st<span class=\"_ _1\"></span>rum<span class=\"_ _2\"></span>enti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ls6\">di</span> <span class=\"_ _6\"></span>cope<span class=\"_ _1\"></span>rtu<span class=\"_ _2\"></span>ra, <span class=\"_ _6\"></span>non<span class=\"_ _2\"></span>ch\u00e9 <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>di<span class=\"_ _1\"></span>vid<span class=\"_ _2\"></span>endi<span class=\"_ _1\"></span> corrisposti <span class=\"_ _7\"> </span>sono <span class=\"_ _a\"> </span>inclusi <span class=\"_ _a\"> </span>nell<span class=\"_ _1\"></span>\u2019attivit\u00e0 <span class=\"_ _a\"> </span>di <span class=\"_ _7\"> </span>finanziamento. <span class=\"_ _7\"> </span>I <span class=\"_ _a\"> </span>pagamenti <span class=\"_ _a\"> </span>relativi <span class=\"_ _a\"> </span>al<span class=\"_ _1\"></span>le <span class=\"_ _a\"></span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"> </span>per <span class=\"_ _7\"></span>leasing <span class=\"_ _a\"> </span>sono compresi nei <span class=\"_ _1\"></span>flussi della ge<span class=\"_ _1\"></span>stione finanz<span class=\"_ _1\"></span>iaria. Le <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"></span>controllate <span class=\"_ _e\"></span>direttamente <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>indirettamente <span class=\"_ _e\"></span>indicate <span class=\"_ _e\"></span>nell\u2019allega<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>1 <span class=\"_ _11\"></span>\u201cLe <span class=\"_ _e\"></span>imprese <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>Cairo Communication<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ff22\">\u2013</span> <span class=\"ff22\">Societ\u00e0 consolidate con <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>metodo integrale\u201d sono consolidate integralmente a <span class=\"_ _3\"></span>partir</span>e <span class=\"_ _3\"></span>dalla data <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>acquisizione, <span class=\"_ _2\"></span>ovvero <span class=\"_ _2\"></span>dalla <span class=\"_ _1\"></span>data <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>cui <span class=\"_ _2\"></span>il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _0\"></span>ne <span class=\"_ _2\"></span>acquisisce <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _0\"></span>controllo <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>essano <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>esse<span class=\"_ _1\"></span>re <span class=\"_ _2\"></span>consolida<span class=\"_ _1\"></span>te </span></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span><span class=\"ls2\">in</span> <span class=\"_ _3\"></span>cui <span class=\"_ _e\"></span><span class=\"ls33\">se</span> <span class=\"_ _3\"></span>ne <span class=\"_ _e\"></span>perde<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>il <span class=\"_ _11\"></span>controllo. <span class=\"_ _e\"></span>Il <span class=\"_ _11\"></span>Gruppo <span class=\"_ _e\"></span>ha <span class=\"_ _11\"></span>il <span class=\"_ _11\"></span>controllo <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>societ\u00e0 <span class=\"_ _e\"></span>quando <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>virt\u00f9 <span class=\"_ _e\"></span>del <span class=\"_ _11\"></span>proprio rapporto con l\u2019entit<span class=\"ff1f\">\u00e0 de<span class=\"_ _1\"></span>tiene il controllo su<span class=\"_ _1\"></span>lle attivit\u00e0 rilevant<span class=\"_ _1\"></span>i della stessa, \u00e8 espos<span class=\"_ _1\"></span>to ai rendimenti variabi<span class=\"_ _1\"></span>li, e </span>detenendo <span class=\"_ _e\"></span>diritti <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>tali <span class=\"_ _e\"></span>ren<span class=\"_ _1\"></span>dimenti, <span class=\"_ _e\"></span>ha <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>contempo <span class=\"_ _3\"></span>la <span class=\"_ _e\"></span>capacit\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>influenzarli <span class=\"_ _3\"></span>esercitando <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>proprio <span class=\"_ _e\"></span>potere sull\u2019entit\u00e0 stess<span class=\"_ _1\"></span>a.<span class=\"ff1f\"> </span>La <span class=\"_ _12\"> </span>quota <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>interessenza <span class=\"_ _12\"> </span>degli <span class=\"_ _12\"> </span>azionisti <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>minoranza <span class=\"_ _12\"> </span>nelle <span class=\"_ _12\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>nette <span class=\"_ _12\"> </span>delle <span class=\"_ _12\"> </span>controllate <span class=\"_ _12\"> </span>consol<span class=\"_ _1\"></span>idate <span class=\"_ _12\"> </span>\u00e8 identificata <span class=\"_ _2\"></span>separatamente <span class=\"_ _2\"></span>rispetto al <span class=\"_ _2\"></span>patrimonio n<span class=\"_ _2\"></span>etto di <span class=\"_ _2\"></span>Grupp<span class=\"_ _3\"></span>o. Ta<span class=\"_ _1\"></span>le i<span class=\"_ _1\"></span>nteressenz<span class=\"_ _2\"></span>a \u00e8 stat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>determinata <span class=\"_ _2\"></span>in base alla <span class=\"_ _6\"></span>percentuale <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>essi <span class=\"_ _6\"></span>detenuta <span class=\"_ _7\"></span>nei <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>delle <span class=\"_ _6\"> </span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _6\"> </span>e <span class=\"_ _7\"> </span>passivit\u00e0 <span class=\"_ _7\"> </span>iscritte <span class=\"_ _6\"></span>alla <span class=\"_ _7\"> </span>data <span class=\"_ _6\"> </span>dell\u2019acquisizione originaria e nel<span class=\"_ _1\"></span>le variazion<span class=\"_ _1\"></span>i di patrimoni<span class=\"_ _1\"></span>o netto dopo <span class=\"_ _1\"></span>tale data. 6. A<span class=\"_ _2\"></span>ggre<span class=\"_ _1\"></span>gaz<span class=\"_ _2\"></span>ioni d<span class=\"_ _1\"></span>i i<span class=\"_ _2\"></span>mpres<span class=\"_ _1\"></span>e e<span class=\"_ _2\"></span> avvi<span class=\"_ _1\"></span>ame<span class=\"_ _2\"></span>nto Le agg<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>egazioni <span class=\"_ _2\"></span>di imp<span class=\"_ _1\"></span>rese <span class=\"_ _2\"></span><span class=\"ff22\">sono contabili<span class=\"_ _1\"></span>zzate <span class=\"_ _2\"></span>secondo i<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _2\"></span>dell\u2019acquisizione <span class=\"_ _2\"></span>in ba<span class=\"_ _1\"></span>se <span class=\"_ _2\"></span>al quale <span class=\"_ _2\"></span>le a<span class=\"_ _1\"></span>ttivit\u00e0, </span>le <span class=\"_ _12\"> </span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _12\"> </span>e <span class=\"_ _a\"> </span>le <span class=\"_ _12\"> </span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _a\"> </span>potenziali <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>dentificabi<span class=\"_ _1\"></span>li <span class=\"_ _12\"> </span>de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>l\u2019impresa <span class=\"_ _a\"> </span>acquisita <span class=\"_ _a\"> </span>che<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>rispettano <span class=\"_ _a\"> </span><span class=\"ls2\">le</span> <span class=\"_ _a\"> </span>condizioni <span class=\"_ _a\"> </span>per l\u2019iscrizione<span class=\"ff1f\"> <span class=\"_ _e\"></span>secondo <span class=\"_ _e\"></span></span>l\u2019IFRS<span class=\"ff1f\"> <span class=\"_ _11\"></span>3 <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>rilevate <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _11\"></span></span>alla <span class=\"_ _11\"></span>data <span class=\"_ _e\"></span><span class=\"ls6\">di</span> <span class=\"_ _e\"></span>acquisizion<span class=\"_ _1\"></span>e. <span class=\"_ _3\"></span>Vengono <span class=\"_ _3\"></span>quindi <span class=\"_ _e\"></span>stanziate<span class=\"_ _1\"></span> </span>imposte <span class=\"_ _3\"></span>differite <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>anticipate <span class=\"_ _e\"></span>sulle <span class=\"_ _3\"></span>rettifiche <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>valore <span class=\"_ _e\"></span>apportate <span class=\"_ _11\"></span>ai <span class=\"_ _6\"></span>pregressi <span class=\"_ _e\"></span>valori <span class=\"_ _11\"></span>contabili <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>allinearli <span class=\"_ _11\"></span>al valore corrente.<span class=\"_ _1\"></span> L\u2019applicazione<span class=\"ff1f\"> <span class=\"_ _16\"> </span>del <span class=\"_\"> </span>metodo <span class=\"_ _16\"> </span></span>dell\u2019acquisizione <span class=\"_ _16\"> </span>per <span class=\"_ _16\"> </span><span class=\"ls2\">la</span> <span class=\"_\"> </span>sua<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>stessa <span class=\"_ _16\"> </span>complessit\u00e0 <span class=\"_ _16\"> </span>prevede <span class=\"_ _16\"> </span>una <span class=\"_ _16\"> </span>prima <span class=\"_ _4\"> </span>fase <span class=\"_ _4\"> </span>di determinazione provvisor<span class=\"_ _1\"></span>ia dei val<span class=\"_ _3\"></span>ori correnti delle attivit\u00e0, passivit\u00e0 e passivit\u00e0 potenziali <span class=\"_ _a\"> </span>acquisite, <span class=\"_ _a\"> </span>tale <span class=\"_ _7\"></span>da consentire <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>prima<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>iscrizione <span class=\"_ _12\"> </span>dell\u2019opera<span class=\"_ _1\"></span>zione <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>bil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>cio<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>chiusura <span class=\"_ _e\"></span><span class=\"ff22\">dell\u2019esercizio <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _e\"></span>\u00e8 </span>stata <span class=\"_ _e\"></span>effettuata <span class=\"_ _e\"></span>l\u2019aggregazione. <span class=\"_ _e\"></span>Tale <span class=\"_ _e\"></span>prima <span class=\"_ _e\"></span>iscrizione <span class=\"_ _e\"></span>viene <span class=\"_ _e\"></span>completata <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>rettificata <span class=\"_ _e\"></span>entro <span class=\"_ _e\"></span>i <span class=\"_ _11\"></span>dodici <span class=\"_ _e\"></span>mesi <span class=\"_ _11\"></span>dalla data <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>acquisiz<span class=\"_ _1\"></span>ione. <span class=\"_ _3\"></span>Modifiche <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>corrispettivo <span class=\"_ _3\"></span>iniziale <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>derivano <span class=\"_ _3\"></span>da <span class=\"_ _e\"></span>eventi <span class=\"_ _e\"></span>o <span class=\"_ _3\"></span>ci<span class=\"_ _3\"></span>rcostanze <span class=\"_ _3\"></span>successive <span class=\"_ _e\"></span>alla data di acquisizione s<span class=\"_ _1\"></span>ono rileva<span class=\"_ _1\"></span>te a conto econo<span class=\"_ _1\"></span>mico. L\u2019a<span class=\"_ _1\"></span>vv<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>to <span class=\"_ _e\"></span>der<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>da<span class=\"_ _2\"></span>ll\u2019ac<span class=\"_ _2\"></span>quis<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>una<span class=\"_ _2\"></span> <span class=\"_ _11\"></span>con<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span>ta <span class=\"_ _3\"></span>rapp<span class=\"_ _1\"></span>res<span class=\"_ _2\"></span>enta <span class=\"_ _3\"></span>l\u2019ecc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span><span class=\"ff1f\">di <span class=\"_ _e\"></span>acquisizione </span>rispetto <span class=\"_ _a\"> </span>alla <span class=\"_ _12\"> </span>percentua<span class=\"_ _1\"></span>le <span class=\"_ _a\"> </span>spettante <span class=\"_ _12\"> </span>al <span class=\"_ _a\"> </span>Gruppo <span class=\"_ _a\"> </span>del <span class=\"_ _12\"> </span><span class=\"ff24\">fair <span class=\"_ _12\"> </span>value <span class=\"_ _a\"> </span></span>delle <span class=\"_ _12\"> </span>att<span class=\"_ _1\"></span>ivit\u00e0, <span class=\"_ _12\"> </span>p<span class=\"_ _1\"></span>assivit\u00e0 <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _a\"> </span>potenziali identificabili <span class=\"_ _1\"></span>della co<span class=\"_ _1\"></span>ntrollata al<span class=\"_ _1\"></span>la data d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> acquis<span class=\"_ _1\"></span>izione. <span class=\"_ _1\"></span>Nel caso <span class=\"_ _1\"></span>di eserc<span class=\"_ _1\"></span>izio dell<span class=\"_ _1\"></span>\u2019opzione <span class=\"_ _1\"></span>del <span class=\"ff25\">\u201cfull goodwill\u201d<span class=\"ff1f ls6\">, </span></span>\u00e8 consentito <span class=\"_ _2\"></span>all\u2019acquirente di <span class=\"_ _1\"></span>riconoscere <span class=\"_ _2\"></span>il<span class=\"_ _3\"></span> 100% <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _1\"></span>avviamento d<span class=\"_ _1\"></span>elle s<span class=\"_ _1\"></span>ociet\u00e0 ac<span class=\"_ _1\"></span>quisite, piu<span class=\"_ _1\"></span>ttosto <span class=\"_ _1\"></span>che il <span class=\"_ _2\"></span>solo avviamento spe<span class=\"_ _1\"></span>ttante alla maggioranz<span class=\"_ _1\"></span>a. L\u2019avviamento<span class=\"ff1f\"> derivante <span class=\"_ _3\"></span>dalla <span class=\"ff24\">business <span class=\"_ _3\"></span>combination </span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span><span class=\"ls30\">RCS</span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>determinato </span>con <span class=\"_ _e\"></span>l\u2019approccio <span class=\"_ _e\"></span>del consolidamento in<span class=\"_ _1\"></span>tegrale <span class=\"ff25\">\u201cf<span class=\"_ _1\"></span>ull goodwill<span class=\"ff22 ls4\">\u201d.<span class=\"_ _1\"></span><span class=\"ff1f ls0\"> </span></span></span>L\u2019avviamento<span class=\"ff1f\"> <span class=\"_ _11\"></span>\u00e8 <span class=\"_ _11\"></span>rilevato <span class=\"_ _11\"></span>come <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _11\"></span>immateriale <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>vita <span class=\"_ _6\"></span>indefinita <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>non <span class=\"_ _6\"></span>viene <span class=\"_ _11\"></span></span>ammortizzato. <span class=\"_ _a\"> </span>L\u2019even<span class=\"_ _1\"></span>tuale differenza <span class=\"_ _3\"></span>positiva <span class=\"_ _e\"></span>tra <span class=\"_ _e\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _3\"></span>valutate <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _e\"></span></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>acquisi<span class=\"_ _1\"></span>zione <span class=\"_ _3\"></span>ed <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>prezzo <span class=\"_ _3\"></span>pagato <span class=\"_ _e\"></span>\u00e8 rilevata <span class=\"_ _a\"> </span>nel <span class=\"_ _a\"> </span>conto <span class=\"_ _12\"> </span>econom<span class=\"_ _1\"></span>ico <span class=\"_ _a\"> </span>consolidato <span class=\"_ _a\"> </span>a <span class=\"_ _12\"> </span>tito<span class=\"_ _1\"></span>lo <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>provento<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>non <span class=\"_ _a\"></span>ricor<span class=\"_ _1\"></span>rente. <span class=\"_ _7\"></span>Essa <span class=\"_ _a\"></span>pu\u00f2 <span class=\"_ _6\"></span>essere <span class=\"_ _a\"> </span>ogget<span class=\"_ _1\"></span>to <span class=\"_ _7\"></span>di successiva <span class=\"_ _2\"></span>rettifica <span class=\"_ _1\"></span>nel <span class=\"_ _2\"></span>periodo di <span class=\"_ _2\"></span>dodici mesi dal<span class=\"_ _1\"></span>la data di acqu<span class=\"_ _1\"></span>isizione. I <span class=\"_ _e\"></span>costi <span class=\"_ _e\"></span>connessi <span class=\"_ _e\"></span><span class=\"ff22\">all\u2019aggregazione</span> <span class=\"_ _3\"></span>non <span class=\"_ _e\"></span>fanno <span class=\"_ _e\"></span>parte <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>corrispettivo <span class=\"_ _e\"></span>trasferito <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>pertanto <span class=\"_ _e\"></span>rilevati <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>conto economico. L\u2019avviamento <span class=\"_ _a\"> </span>viene <span class=\"_ _12\"> </span>periodicamente <span class=\"_ _a\"> </span>ri<span class=\"_ _3\"></span>esaminato <span class=\"_ _a\"> </span>per <span class=\"_ _12\"> </span>verificarne <span class=\"_ _12\"> </span>i <span class=\"_ _12\"> </span>presup<span class=\"_ _1\"></span>posti <span class=\"_ _a\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>recuperab<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_ _12\"> </span>tramite <span class=\"_ _a\"> </span>il confronto <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>il m<span class=\"_ _1\"></span>aggiore <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span>il <span class=\"_ _1\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f\">e i<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span><span class=\"ff24\">value <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>use<span class=\"ff1f\">, <span class=\"_ _6\"></span>calcolato <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>sommatoria <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>flussi <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>cassa <span class=\"_ _2\"></span>futuri </span></span></span></span>attualizzati <span class=\"_ _3\"></span>generati <span class=\"_ _e\"></span>dall\u2019in<span class=\"_ _1\"></span>vestim<span class=\"ff1f\">ento <span class=\"_ _e\"></span>sottostant<span class=\"_ _1\"></span>e. <span class=\"_ _e\"></span>Le <span class=\"_ _3\"></span>perdite <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>valore <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>iscritte <span class=\"_ _3\"></span>immediatamente <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>conto </span>economico e non so<span class=\"_ _1\"></span>no succ<span class=\"_ _1\"></span>essivamente rip<span class=\"_ _1\"></span>ristinate. Al <span class=\"_ _15\"> </span>fine <span class=\"_ _5\"> </span><span class=\"ff22\">dell\u2019analisi</span> <span class=\"_ _15\"> </span><span class=\"ls6\">di</span> <span class=\"_ _15\"> </span>congru<span class=\"_ _1\"></span>it\u00e0, <span class=\"_ _15\"> </span>l\u2019avvi<span class=\"_ _1\"></span>amento<span class=\"ff1f\"> <span class=\"_ _5\"> </span>acquisito <span class=\"_ _15\"> </span><span class=\"ls16\">in</span> <span class=\"_ _15\"> </span></span>un<span class=\"_ _1\"></span>\u2019aggregazion<span class=\"_ _1\"></span>e <span class=\"_ _15\"> </span>aziendal<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>allocato,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>alla data di <span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>quisizione, <span class=\"_ _2\"></span>alle singole <span class=\"_ _1\"></span>unit\u00e0 <span class=\"_ _1\"></span>generatrici <span class=\"_ _2\"></span>di flussi di <span class=\"_ _2\"></span>cassa del G<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>uppo, <span class=\"_ _1\"></span>o ai <span class=\"_ _1\"></span>grupp<span class=\"_ _1\"></span>i di <span class=\"_ _1\"></span>unit\u00e0 <span class=\"_ _1\"></span>generatric<span class=\"_ _1\"></span>i di <span class=\"_ _6\"> </span>flussi <span class=\"_ _7\"> </span>che <span class=\"_ _6\"> </span>dovrebbero <span class=\"_ _6\"> </span>beneficiare <span class=\"_ _6\"> </span>dalle <span class=\"_ _6\"> </span>sinergie <span class=\"_ _6\"> </span>dell\u2019aggregazione,<span class=\"ff1f\"> <span class=\"_ _e\"></span>indipendente<span class=\"_ _1\"></span>mente <span class=\"_ _e\"></span>dal <span class=\"_ _3\"></span>fatto <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>tre </span>attivit\u00e0 <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>G<span class=\"_ _1\"></span>ruppo <span class=\"_ _2\"></span>siano assegnate <span class=\"_ _1\"></span>a tali uni<span class=\"_ _1\"></span>t\u00e0 o raggruppam<span class=\"_ _1\"></span>enti di unit<span class=\"_ _1\"></span>\u00e0. 7. P<span class=\"_ _1\"></span>arte<span class=\"_ _2\"></span>cipaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ni <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>cie<span class=\"_ _2\"></span>t\u00e0 co<span class=\"_ _2\"></span>llegate<span class=\"_ _2\"></span> e j<span class=\"_ _1\"></span>oi<span class=\"_ _1\"></span>nt ve<span class=\"_ _2\"></span>nture Una <span class=\"_ _e\"></span>collegata <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span><span class=\"ff22\">un\u2019impres<span class=\"_ _1\"></span>a<span class=\"ff1f\"> <span class=\"_ _e\"></span>nella <span class=\"_ _e\"></span>quale <span class=\"_ _e\"></span><span class=\"ls16\">il</span> <span class=\"_ _e\"></span>Gruppo, <span class=\"_ _e\"></span>pur <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>avendo <span class=\"_ _3\"></span><span class=\"ls2\">il</span> <span class=\"_ _e\"></span>controllo <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span><span class=\"ls2\">il</span> <span class=\"_ _e\"></span>controll<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>congiunto, <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>in </span></span>grado di <span class=\"_ _3\"></span>esercitare <span class=\"ff22\">un\u2019influenza notevole attraverso la <span class=\"_ _3\"></span>partecipazione alle decisioni sulle <span class=\"_ _3\"></span>politiche finanziarie </span>e operative della <span class=\"_ _1\"></span>partecipata. Una <span class=\"_ _11\"></span>joint <span class=\"_ _11\"></span>venture <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _11\"></span>rappresentata <span class=\"_ _11\"></span>dalle <span class=\"_ _11\"></span>partecipazioni <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>imprese <span class=\"_ _11\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _11\"></span>le <span class=\"_ _6\"></span>decisioni <span class=\"_ _e\"></span>finanziarie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gestionali strategiche <span class=\"_ _0\"></span><span class=\"ff22\">sull\u2019attivit\u00e0<span class=\"ff1f\"> <span class=\"_ _0\"></span>economica <span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ichiedono <span class=\"_ _0\"></span><span class=\"ls16\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>consens<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>unanime <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>tutte <span class=\"_ _2\"></span>le pa<span class=\"_ _1\"></span>rti <span class=\"_ _2\"></span>che <span class=\"_ _1\"></span>condividono <span class=\"_ _2\"></span>il <span class=\"_ _1\"></span>controllo,<span class=\"_ _1\"></span> </span></span></span></span>ai sensi dell\u2019IFR<span class=\"_ _1\"></span>S 11. I <span class=\"_ _11\"></span>risu<span class=\"_ _2\"></span>ltati<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>econ<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>mic<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _11\"></span><span class=\"ls16\">le</span> <span class=\"_ _11\"></span>atti<span class=\"_ _1\"></span>vit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>pass<span class=\"_ _2\"></span>ivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _11\"></span>del<span class=\"_ _2\"></span>le <span class=\"_ _11\"></span>impr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e <span class=\"_ _11\"></span>coll<span class=\"_ _2\"></span>egate<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>join<span class=\"_ _2\"></span>t <span class=\"_ _6\"></span>ven<span class=\"_ _1\"></span>tu<span class=\"_ _2\"></span>re <span class=\"_ _11\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>rile<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>nel <span class=\"_ _7\"></span>bilancio consolidato <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>metodo <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>patrimonio <span class=\"_ _6\"></span>netto. <span class=\"_ _7\"></span>Secondo <span class=\"_ _6\"></span>tale <span class=\"_ _7\"></span>metodo, <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>partecipaz<span class=\"_ _1\"></span>ioni<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>nelle <span class=\"_ _11\"></span>imprese collegate <span class=\"_ _ab\"> </span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _aa\"> </span>momento <span class=\"_ _aa\"> </span>dell\u2019acqui<span class=\"_ _1\"></span>sizione <span class=\"_ _aa\"> </span>sono <span class=\"_ _ab\"> </span>rilevate <span class=\"_ _aa\"> </span>nello <span class=\"_ _aa\"> </span>stato <span class=\"_ _c\"> </span>patrimoniale <span class=\"_ _ab\"> </span><span class=\"ls4\">al</span> <span class=\"_ _ab\"> </span>costo, <span class=\"_ _ab\"> </span>rettificato<span class=\"_ _1\"></span> successivamente <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span><span class=\"ls2\">la</span> <span class=\"_ _e\"></span>frazione <span class=\"_ _11\"></span>di <span class=\"_ _e\"></span>spettanza <span class=\"_ _11\"></span>delle <span class=\"_ _11\"></span>variazion<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>collegata <span class=\"_ _7\"></span>stessa. <span class=\"_ _a\"> </span>Le perdite <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>collegate ec<span class=\"_ _1\"></span>cedenti <span class=\"_ _2\"></span>la quota <span class=\"_ _2\"></span>di interessen<span class=\"_ _1\"></span>za <span class=\"_ _2\"></span>del Gruppo <span class=\"_ _2\"></span>nelle st<span class=\"_ _1\"></span>esse <span class=\"_ _1\"></span>non <span class=\"_ _2\"></span>sono rilevate,<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>eno <span class=\"_ _2\"></span>che il <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _16\"> </span>non <span class=\"_ _f\"> </span>abbia <span class=\"_ _16\"> </span>assunto <span class=\"_\"> </span>una <span class=\"_ _12\"> </span>obbligazione <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span><span class=\"ls2\">la</span> <span class=\"_\"> </span>coper<span class=\"_ _1\"></span>tura <span class=\"_ _12\"> </span>delle <span class=\"_\"> </span>stesse<span class=\"_ _1\"></span>. <span class=\"_ _12\"> </span><span class=\"ff22\">L\u2019eccedenza</span> <span class=\"_\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>costo <span class=\"_\"> </span><span class=\"ls6\">di</span> acquisizione <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>percentua<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>spettante <span class=\"_ _2\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>del val<span class=\"_ _1\"></span>ore <span class=\"_ _2\"></span>corrente <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0, <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>passivi<span class=\"_ _1\"></span>t\u00e0 potenziali i<span class=\"_ _3\"></span>dentificabil<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>collegata <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>acquisizione<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>riconosci<span class=\"_ _1\"></span>uta <span class=\"_ _3\"></span>come <span class=\"_ _3\"></span>avviamento. <span class=\"_ _e\"></span>Il <span class=\"_ _e\"></span>valo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>di carico dell\u2019inve<span class=\"_ _1\"></span>stimento \u00e8 assogge<span class=\"_ _1\"></span>ttato annualmen<span class=\"_ _1\"></span>te a test di <span class=\"ff24\">imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"ff1f\">.<span class=\"_ _1\"></span> </span></span>Il mi<span class=\"_ _3\"></span>nor valore <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>costo di <span class=\"_ _3\"></span>acquisizione rispetto <span class=\"_ _3\"></span>alla percentuale <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>spettanza del Gruppo <span class=\"_ _3\"></span>del<span class=\"_ _e\"></span> <span class=\"ff24\">fair valu<span class=\"_ _1\"></span>e <span class=\"ff1f\">delle </span></span>attivit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _a\"></span>p<span class=\"_ _1\"></span>assivit\u00e0 <span class=\"_ _6\"></span>identificabili <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>ella <span class=\"_ _7\"></span>collegata <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>data <span class=\"_ _a\"></span><span class=\"ls6\">di</span> <span class=\"_ _7\"></span>acquisizione <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _a\"> </span>accreditato <span class=\"_ _a\"> </span>a <span class=\"_ _a\"> </span>conto <span class=\"_ _a\"> </span>economic<span class=\"_ _1\"></span>o nell\u2019esercizio.<span class=\"ff1f\"> </span>Nel <span class=\"_ _2\"></span>caso <span class=\"_ _1\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>cui <span class=\"_ _2\"></span>una <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _2\"></span>collegata <span class=\"_ _2\"></span>o <span class=\"ff24\">jo<span class=\"_ _1\"></span>int <span class=\"_ _2\"></span>venture <span class=\"_ _2\"></span><span class=\"ff1f\">rilevi r<span class=\"_ _1\"></span>ettifiche <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>diretta <span class=\"_ _2\"></span>imputazione <span class=\"_ _2\"></span>al pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _2\"></span>netto </span></span></span></span>e/o <span class=\"_ _2\"></span>nel <span class=\"_ _1\"></span>prospetto <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>complessivo, <span class=\"_ _2\"></span>il G<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>uppo <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>scrive <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>sua <span class=\"_ _2\"></span>volta <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>relativa <span class=\"_ _1\"></span>quota <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>pertinenza nel <span class=\"_ _e\"></span>patrimonio <span class=\"_ _3\"></span>netto <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>ne <span class=\"_ _e\"></span>d\u00e0 <span class=\"_ _3\"></span>rappresentazione, <span class=\"_ _e\"></span>ove <span class=\"_ _3\"></span>applicabile, <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>pros<span class=\"_ _1\"></span>petto <span class=\"_ _e\"></span>delle <span class=\"_ _3\"></span>variazioni <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>patrimonio netto e/o nel prosp<span class=\"_ _1\"></span>etto delle<span class=\"_ _1\"></span> altre componen<span class=\"_ _1\"></span>ti di conto <span class=\"_ _1\"></span>economico co<span class=\"_ _1\"></span>mplessivo. Un\u2019eventuale<span class=\"ff1f\"> <span class=\"_ _12\"> </span><span class=\"ls6\">pe</span>rdita <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>riduz<span class=\"_ _1\"></span>ione <span class=\"_ _12\"> </span><span class=\"ls6\">di</span> <span class=\"_ _12\"> </span>valore <span class=\"_ _12\"> </span>della <span class=\"_ _12\"> </span>partecipaz<span class=\"_ _1\"></span>ione <span class=\"_ _12\"> </span>rilevata <span class=\"_ _a\"> </span><span class=\"ls4\">ai</span> <span class=\"_\"> </span>s<span class=\"_ _2\"></span>ens<span class=\"_ _3\"></span>i <span class=\"_ _12\"> </span>dello <span class=\"_ _12\"> </span>IAS <span class=\"_ _a\"> </span>36 <span class=\"_ _15\"> </span>non <span class=\"_ _15\"> </span>\u00e8 </span>riconducibile <span class=\"_ _ab\"> </span><span class=\"ff22\">all\u2019avviamento</span> <span class=\"_ _ab\"> </span>n\u00e9 <span class=\"_ _ab\"> </span>alla <span class=\"_ _ab\"> </span>val<span class=\"_ _3\"></span>utazione <span class=\"_ _17\"> </span>a <span class=\"_ _aa\"> </span><span class=\"ff24\">fair <span class=\"_ _ab\"> </span>value <span class=\"_ _aa\"> </span></span>di <span class=\"_ _ab\"> </span>attivit\u00e0 <span class=\"_ _ab\"> </span>iscritte <span class=\"_ _16\"> </span>nel <span class=\"_ _16\"> </span>bilancio <span class=\"_ _f\"> </span>della partecipazione collegata, <span class=\"_ _3\"></span>bens\u00ec <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>valore della <span class=\"_ _3\"></span>partecipazione <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>suo <span class=\"_ _3\"></span>complesso. <span class=\"_ _3\"></span>Pertanto <span class=\"_ _e\"></span>qual<span class=\"_ _1\"></span>siasi <span class=\"_ _3\"></span>ripristino di <span class=\"_ _a\"> </span>valore <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>ri<span class=\"_ _1\"></span>levato <span class=\"_ _a\"></span>integ<span class=\"_ _1\"></span>ralmente <span class=\"_ _a\"></span>nel<span class=\"_ _1\"></span>la <span class=\"_ _a\"> </span>misura <span class=\"_ _7\"></span>in <span class=\"_ _a\"> </span>cui <span class=\"_ _a\"> </span>il <span class=\"_ _a\"> </span>valore <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>ecuperabile <span class=\"_ _a\"></span>dell<span class=\"_ _1\"></span>a <span class=\"_ _a\"> </span>partecipazion<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>aumenti successiv<span class=\"ff22\">amente <span class=\"_ _1\"></span>in base al risul<span class=\"_ _1\"></span>tato dell\u2019<span class=\"ff24\">impairmen<span class=\"_ _1\"></span>t test<span class=\"ff1f\">. </span></span></span>Con riferimento a<span class=\"_ _1\"></span>lle operaz<span class=\"_ _1\"></span>ioni intercorse fr<span class=\"_ _1\"></span>a <span class=\"ff22\">un\u2019impresa</span> de<span class=\"_ _1\"></span>l Gruppo e una <span class=\"_ _1\"></span>collega<span class=\"_ _1\"></span>ta, gli utili <span class=\"_ _e\"></span>e <span class=\"ls2\">le</span> perdite non realizzati <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>eliminati <span class=\"_ _a\"></span>in<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>misura <span class=\"_ _a\"> </span>pari <span class=\"_ _6\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>percentuale <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>par<span class=\"_ _1\"></span>tecipazione <span class=\"_ _7\"></span>del <span class=\"_\"> </span>G<span class=\"_ _1\"></span>ruppo <span class=\"_\"> </span>nella <span class=\"_ _12\"> </span>collegata, <span class=\"_\"> </span>ad eccezione <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>caso <span class=\"_ _a\"> </span>in <span class=\"_ _12\"> </span>cui <span class=\"_ _12\"> </span>le <span class=\"_ _12\"> </span>perdite <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>realizzate <span class=\"_ _a\"> </span>costituiscano <span class=\"_ _12\"> </span>l\u2019evidenza <span class=\"_ _a\"> </span>di <span class=\"_\"> </span>una<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>riduzione <span class=\"_ _12\"> </span>nel <span class=\"_ _a\"> </span>valore dell\u2019attivit\u00e0 t<span class=\"_ _1\"></span>rasferita.<span class=\"ff1f fs0\"> </span>8. R<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>nos<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span> de<span class=\"_ _2\"></span>i cost<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>e r<span class=\"_ _2\"></span>icavi 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=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">I <span class=\"_ _2\"></span>ricavi <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>rilevati <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>conto<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>quando <span class=\"_ _0\"></span>sono <span class=\"_ _2\"></span>soddisfatti <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>criteri <span class=\"_ _2\"></span>previsti <span class=\"_ _2\"></span><span class=\"ff22\">da<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>\u2019I<span class=\"_ _1\"></span>FR<span class=\"_ _2\"></span>S15.<span class=\"ff1f\"> </span></span></span><span class=\"ff1f fs7 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 che <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>affluiranno i <span class=\"_ _3\"></span>benefici <span class=\"_ _3\"></span>economici e <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>loro </span>ammontare pu\u00f2 <span class=\"_ _3\"></span>essere determinato <span class=\"_ _3\"></span>in m<span class=\"_ _3\"></span>odo <span class=\"_ _3\"></span>attendibile. I <span class=\"_ _3\"></span>ricavi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rappresentati al <span class=\"_ _3\"></span>netto di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>eventuali poste rettificative.<span class=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">I <span class=\"_ _e\"></span>ricavi<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>vendita <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>spazi <span class=\"_ _11\"></span>pubblicitari <span class=\"_ _e\"></span>sui <span class=\"_ _e\"></span>mezzi <span class=\"_ _e\"></span>tradizional<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>considerano <span class=\"_ _e\"></span>realizzati <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>momento <span class=\"_ _e\"></span>della </span>prestazione <span class=\"_ _3\"></span>che <span class=\"_ _e\"></span>coincide <span class=\"_ _3\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>diffus<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>messaggio <span class=\"_ _e\"></span>pubblicitario <span class=\"_ _3\"></span>(TV) <span class=\"_ _e\"></span>o <span class=\"_ _3\"></span>la <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>pubblicazione <span class=\"_ _3\"></span>della testata (stampa). <span class=\"ff1f fs7 fc0\">I ricavi pubblicitari realizza<span class=\"_ _1\"></span>ti nel comparto digi<span class=\"_ _1\"></span>tale sono rilevati <span class=\"ls4\">al</span> mo<span class=\"_ _1\"></span>mento della dif<span class=\"_ _1\"></span>fusione <span class=\"_ _3\"></span>o <span class=\"_ _e\"></span>pubblicazione </span>del messaggio. I <span class=\"_ _15\"> </span>ricavi <span class=\"_ _5\"> </span>relativi <span class=\"_ _15\"> </span>alle <span class=\"_ _5\"> </span>testate <span class=\"_ _15\"> </span>ed<span class=\"_ _1\"></span>itoriali <span class=\"_ _5\"> </span>(quotidiani <span class=\"_ _5\"> </span>e <span class=\"_ _15\"> </span>periodici) <span class=\"_ _5\"> </span>sono <span class=\"_ _15\"> </span>norm<span class=\"_ _1\"></span>almente <span class=\"_ _5\"> </span>rilevati <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>data <span class=\"_ _7\"></span>di pubblicazione, a<span class=\"_ _1\"></span>l netto dei resi <span class=\"_ _1\"></span>ragionevolmen<span class=\"_ _1\"></span>te stimati e al <span class=\"_ _1\"></span>lordo del<span class=\"_ _1\"></span>l\u2019aggio di <span class=\"ff1f\">dis<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ibu<span class=\"_ _2\"></span>zione<span class=\"_ _1\"></span>. </span><span class=\"ff1f fs7 fc0\">I <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _3\"></span>relativi <span class=\"_ _e\"></span>alla <span class=\"_ _3\"></span>vendita <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>abbonam<span class=\"_ _1\"></span>enti <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>rilev<span class=\"_ _1\"></span>ati <span class=\"_ _3\"></span>sulla <span class=\"_ _e\"></span>base <span class=\"_ _3\"></span>delle <span class=\"_ _e\"></span>pubbli<span class=\"_ _1\"></span>cazioni <span class=\"_ _3\"></span>relative <span class=\"_ _3\"></span>al <span class=\"_ _11\"></span>periodo <span class=\"_ _e\"></span>di </span>competenza ed e<span class=\"_ _1\"></span>ffettivame<span class=\"_ _1\"></span>nte spedite. I <span class=\"_ _11\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>servizi <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>riconosciuti <span class=\"_ _11\"></span>alla <span class=\"_ _11\"></span>data <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>loro <span class=\"_ _11\"></span>maturazione, <span class=\"_ _11\"></span>come <span class=\"_ _11\"></span>definita <span class=\"_ _11\"></span>nei <span class=\"_ _11\"></span>rispettivi <span class=\"_ _a\"> </span>contratti, <span class=\"_ _a\"> </span>in particolare <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>ricavi <span class=\"_ _3\"></span>relativi <span class=\"_ _e\"></span>all\u2019attivit\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>distrib<span class=\"_ _1\"></span>uzione <span class=\"_ _e\"></span>(aggio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>distribuz<span class=\"_ _1\"></span>ione) <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>rico<span class=\"_ _e\"></span><span class=\"ff1f\">nosciuti <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>momento </span>della spedizione a<span class=\"_ _1\"></span>lla rete distr<span class=\"_ _1\"></span>ibutiva. I <span class=\"_ _7\"></span>ri<span class=\"_ _3\"></span>cavi <span class=\"_ _a\"> </span>per <span class=\"_ _7\"></span><span class=\"ls2\">le</span> <span class=\"_ _a\"> </span>sponsorizza<span class=\"_ _1\"></span>zioni <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>even<span class=\"_ _1\"></span>ti <span class=\"_ _a\"> </span>sportiv<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>e <span class=\"_ _7\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>l\u2019organ<span class=\"_ _1\"></span>izzazione <span class=\"_ _a\"></span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span>eventi <span class=\"_ _7\"></span>sono <span class=\"_ _a\"> </span>rilevati <span class=\"_ _12\"> </span>alla <span class=\"_\"> </span>data<span class=\"_ _1\"></span> dell\u2019evento, tenu<span class=\"_ _1\"></span>to conto de<span class=\"_ _1\"></span>lla limitata es<span class=\"_ _1\"></span>tensione temporal<span class=\"_ _1\"></span>e attribuibil<span class=\"_ _1\"></span>e a tali <span class=\"ff1f\">even<span class=\"_ _2\"></span>ti.<span class=\"_ _2\"></span> </span><span class=\"ff1f fs7 fc0\">Le royalties sono ricon<span class=\"_ _1\"></span>osciute alla da<span class=\"_ _1\"></span>ta di loro ma<span class=\"_ _1\"></span>turazione, co<span class=\"_ _1\"></span>me definita nei <span class=\"_ _1\"></span>rispettiv<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>rat<span class=\"_ _2\"></span>ti. </span><span class=\"ff1f fs7 fc0\">I <span class=\"_ _11\"></span>cos<span class=\"_ _3\"></span>ti <span class=\"_ _11\"></span>sostenuti <span class=\"_ _11\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _11\"></span>pre-pubblicazione <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _11\"></span>lancio <span class=\"_ _11\"></span>delle <span class=\"_ _6\"></span>nuove <span class=\"_ _11\"></span>testate <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>addebitati <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _11\"></span>economico </span>quando sostenuti. <span class=\"ff22 fs7 fc0\">I <span class=\"_ _e\"></span>costi <span class=\"_ _11\"></span>e <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>altri <span class=\"_ _e\"></span>oneri <span class=\"_ _e\"></span>operativi <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>rilevati <span class=\"_ _e\"></span>come <span class=\"_ _e\"></span>componenti <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>risultato <span class=\"_ _e\"></span>d\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _3\"></span><span class=\"ff1f\">o <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>momento <span class=\"_ _e\"></span>in <span class=\"_ _e\"></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 competenza <span class=\"_ _3\"></span>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 quando <span class=\"_ _3\"></span>non hanno requisiti pe<span class=\"_ _1\"></span>r il differi<span class=\"_ _1\"></span>mento come atti<span class=\"_ _1\"></span>vit\u00e0 nello st<span class=\"_ _1\"></span>ato patrimon<span class=\"_ _1\"></span>iale. <span class=\"ff1f fs7 fc0\">Gli interessi attivi e pas<span class=\"_ _1\"></span>sivi sono rileva<span class=\"_ _1\"></span>ti in applica<span class=\"_ _1\"></span>zione del <span class=\"_ _1\"></span>principio de<span class=\"_ _1\"></span>lla competenza <span class=\"_ _1\"></span>temporale. </span><span class=\"ff1f fs7 fc0\">I dividendi sono rilevati quando s<span class=\"_ _1\"></span>i stabilisce il diritto d<span class=\"_ _1\"></span>egli azionisti a ricever<span class=\"_ _1\"></span>ne il paga<span class=\"_ _1\"></span>mento ovvero alla da<span class=\"_ _1\"></span>ta </span>della delibera as<span class=\"_ _1\"></span>sembleare. I riaddebiti di costi sost<span class=\"_ _1\"></span>enuti per con<span class=\"_ _1\"></span>to di terzi sono r<span class=\"_ _1\"></span>ilevati a r<span class=\"_ _1\"></span>iduzione del co<span class=\"_ _1\"></span>sto a cui si co<span class=\"_ _1\"></span>rrelano. 9. I<span class=\"_ _2\"></span>mpost<span class=\"_ _1\"></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>rapprese<span class=\"_ _1\"></span>ntano <span class=\"_ _0\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _0\"></span>somma <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>imposte <span class=\"_ _0\"></span>corr<span class=\"_ _1\"></span>enti, <span class=\"_ _0\"></span>differite <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>anticipate. <span class=\"_ _0\"></span>Le <span class=\"_ _2\"></span>imposte <span class=\"_ _2\"></span>corrent<span class=\"ls16\">i </span></span></span></span>sono <span class=\"_ _1\"></span>basa<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>sultato <span class=\"_ _2\"></span>imponibile <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>periodo. <span class=\"_ _2\"></span>Il <span class=\"_ _1\"></span>reddito<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>imponibile <span class=\"_ _2\"></span>differisce <span class=\"_ _2\"></span>dal <span class=\"_ _1\"></span>risultato <span class=\"_ _2\"></span>riportato <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>conto economico poich\u00e9 esclude componen<span class=\"_ _1\"></span>ti positive e negative che saranno tassabili o deducibi<span class=\"_ _1\"></span>li in altri esercizi e esclude componen<span class=\"_ _1\"></span>ti che no<span class=\"_ _1\"></span>n saranno mai tassabi<span class=\"_ _1\"></span>li o deducibil<span class=\"_ _1\"></span>i. Le passivit\u00e0 pe<span class=\"_ _1\"></span>r imposte corren<span class=\"_ _1\"></span>ti sono calco<span class=\"_ _1\"></span>late utilizz<span class=\"_ _1\"></span>ando le aliquot<span class=\"_ _1\"></span>e vigenti alla<span class=\"_ _1\"></span> data di bila<span class=\"_ _1\"></span>nc<span class=\"_ _2\"></span>io. A <span class=\"_ _15\"> </span>partire <span class=\"_ _15\"> </span>dal <span class=\"_ _15\"> </span>peri<span class=\"_ _1\"></span>odo <span class=\"_ _15\"> </span>d\u2019impost<span class=\"_ _1\"></span>a <span class=\"_ _15\"> </span>2021 <span class=\"_ _15\"> </span>Cairo <span class=\"_ _5\"> </span>Communication <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>RCS <span class=\"_ _5\"> </span>MediaGroup <span class=\"_ _15\"> </span>hanno <span class=\"_ _15\"> </span>eser<span class=\"_ _1\"></span>citato congiuntamente <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>\u2019opzione <span class=\"_ _3\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>regime <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>consolidat<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>fiscale <span class=\"_ _e\"></span>nazionale <span class=\"_ _e\"></span>avente <span class=\"_ _11\"></span><span class=\"ff1f\">Cairo <span class=\"_ _e\"></span>Commun<span class=\"_ _1\"></span>ication <span class=\"_ _3\"></span>quale </span>societ\u00e0 <span class=\"_ _2\"></span>consolidante. A<span class=\"_ _1\"></span>nche <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _2\"></span>controllate <span class=\"_ _2\"></span>da RC<span class=\"_ _2\"></span>S MediaGroup, <span class=\"_ _1\"></span>laddove <span class=\"_ _1\"></span><span class=\"ls6\">ne<span class=\"ls0\"> sussistevan<span class=\"_ _1\"></span>o i<span class=\"_ _1\"></span> presupp<span class=\"_ _1\"></span>osti, </span></span></span></span>hanno aderito a <span class=\"_ _1\"></span>tale consolidato <span class=\"_ _1\"></span>fiscale, Le societ\u00e0 cont<span class=\"_ _1\"></span>rollate adere<span class=\"_ _1\"></span>nti sono<span class=\"_ _1\"></span> p<span class=\"_ _2\"></span>ertan<span class=\"_ _2\"></span>to: <span class=\"ff1f fs7 fc0\">Cairo Editore, Cairo Publ<span class=\"_ _1\"></span>ishing, La7, CA<span class=\"_ _1\"></span>IROR<span class=\"_ _1\"></span>CS Media e Cairo Ne<span class=\"_ _1\"></span>twork, </span><span class=\"ff1f fs7 fc0\">RCS <span class=\"_ _2\"></span>Mediagroup <span class=\"_ _2\"></span>S<span class=\"_ _1\"></span>.p.A. <span class=\"_ _2\"></span>Tr<span class=\"_ _1\"></span>ovolavoro, <span class=\"_ _2\"></span>R<span class=\"_ _1\"></span>CS <span class=\"_ _2\"></span>Sport,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>RCS <span class=\"_ _2\"></span>Produ<span class=\"_ _1\"></span>zioni <span class=\"_ _2\"></span>Padov<span class=\"_ _1\"></span>a, <span class=\"_ _2\"></span>Sfera <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>er<span class=\"_ _3\"></span>vice, <span class=\"_ _2\"></span>Blei <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>liquidazione, </span>RCS <span class=\"_ _6\"></span>Produzioni, <span class=\"_ _7\"></span>Digital <span class=\"_ _7\"></span>Factory, <span class=\"_ _7\"></span>RCS <span class=\"_ _6\"></span>Produzioni <span class=\"_ _6\"></span>Milano<span class=\"_ _3\"></span>, <span class=\"_ _7\"></span>M-dis <span class=\"_ _7\"></span>Distribuzione <span class=\"_ _6\"></span>Media, <span class=\"_ _7\"></span>To-dis <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>infine <span class=\"_ _7\"></span>le societ\u00e0 RCS Spor<span class=\"_ _1\"></span>ts &amp; Even<span class=\"_ _1\"></span>ts e Mybeautybox Cairo Communication fun<span class=\"_ _1\"></span>ge da societ\u00e0 consolidante e determ<span class=\"_ _1\"></span>ina una unica base imponibile <span class=\"_ _3\"></span>per <span class=\"_ _12\"> </span><span class=\"ls16\">il</span> <span class=\"_ _12\"> </span>gruppo <span class=\"_ _12\"> </span><span class=\"ls6\">di<span class=\"_ _3\"></span></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=\"_ _1\"></span>eneficia <span class=\"_\"> </span><span class=\"ls2\">in</span> <span class=\"_\"> </span>ta<span class=\"_ _1\"></span>l <span class=\"_\"> </span>modo <span class=\"_\"> </span>della <span class=\"_ _e\"></span>possibilit\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>compensare <span class=\"_ _e\"></span>redditi imponibili <span class=\"_ _7\"></span>con <span class=\"_ _12\"> </span>p<span class=\"_ _1\"></span>erdite <span class=\"_ _7\"></span>f<span class=\"_ _3\"></span>iscali <span class=\"_ _a\"></span>in <span class=\"_ _7\"></span>una <span class=\"_ _a\"> </span>unica <span class=\"_ _a\"> </span>dichiarazione. <span class=\"_ _a\"> </span>Le <span class=\"_ _a\"> </span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"> </span>fiscali <span class=\"_ _a\"></span>diffe<span class=\"_ _1\"></span>rite <span class=\"_ _a\"> </span>sono <span class=\"_ _a\"></span>gen<span class=\"_ _1\"></span>eralmente rilevate per tutte le di<span class=\"_ _1\"></span>fferenze tempo<span class=\"_ _1\"></span>ranee imponib<span class=\"_ _1\"></span>ili, mentre le att<span class=\"_ _1\"></span>ivit\u00e0 fiscali ri<span class=\"_ _1\"></span>ferite a imposte ant<span class=\"_ _1\"></span>icipate o a futuri <span class=\"_ _a\"> </span>benefici <span class=\"_ _a\"> </span>fiscali <span class=\"_ _1ca\"> </span>sono <span class=\"_ _11\"></span><span class=\"ls5\">ri</span>levate <span class=\"_ _6\"></span>nella <span class=\"_ _e\"></span>mi<span class=\"_ _3\"></span>sura <span class=\"_ _11\"></span><span class=\"ls2\">in</span> <span class=\"_ _11\"></span>cui <span class=\"_ _6\"></span><span class=\"ls33\">si</span> <span class=\"_ _11\"></span>ritenga <span class=\"_ _6\"></span>probabile <span class=\"_ _e\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>vi <span class=\"_ _6\"></span>saranno <span class=\"_ _11\"></span>risultati <span class=\"_ _11\"></span>fiscali imponibili <span class=\"_ _1\"></span>in <span class=\"_ _7\"></span>f<span class=\"_ _3\"></span>uturo <span class=\"_ _7\"></span>che <span class=\"_ _a\"> </span>consentano <span class=\"_ _7\"></span><span class=\"ff22\">l\u2019utilizzo</span> <span class=\"_ _a\"> </span>delle <span class=\"_ _7\"></span>differenze <span class=\"_ _a\"></span>temp<span class=\"_ _1\"></span>oranee <span class=\"_ _7\"></span>deducibili. <span class=\"_ _a\"> </span><span class=\"ls8\">Le</span> <span class=\"_ _7\"></span>imposte differite sono calcolate in <span class=\"_ _3\"></span>base all\u2019aliquota fiscale che si <span class=\"_ _3\"></span>preved<span class=\"_ _1\"></span>e sar\u00e0 <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>vigore al m<span class=\"_ _3\"></span>omento del realizzo dell\u2019attivit\u00e0 o dell\u2019estinzione <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _e\"></span>in <span class=\"_ _3\"></span>considerazione <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>normativa <span class=\"_ _e\"></span>fiscale <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>vigore<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>alla <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _3\"></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>rilevant<span class=\"_ _1\"></span>i, <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>variazioni <span class=\"_\"> </span><span class=\"ls6\">di</span> <span class=\"_ _7\"></span>aliquote <span class=\"_ _6\"></span>fi<span class=\"_ _3\"></span>scali <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>norme <span class=\"_ _7\"></span>tributarie <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>descritti <span class=\"_ _6\"></span>nelle note <span class=\"_ _a\"> </span>esplicative. <span class=\"_ _a\"> </span><span class=\"ls8\">Le</span> <span class=\"_ _a\"> </span>attivit\u00e0 <span class=\"_ _a\"> </span>e <span class=\"_ _e\"></span>le <span class=\"_ _a\"> </span>passivit\u00e0 <span class=\"_ _a\"></span>fiscal<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>differite <span class=\"_ _7\"></span>sono <span class=\"_ _a\"> </span>esposte <span class=\"_ _a\"> </span>per <span class=\"_ _7\"></span><span class=\"ls16\">il<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>saldo <span class=\"_ _a\"> </span>netto <span class=\"_ _a\"></span>qu<span class=\"_ _1\"></span>ando <span class=\"_ _a\"> </span><span class=\"ls6\">vi</span> <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"> </span>un diritto <span class=\"_ _11\"></span>legale <span class=\"_ _11\"></span>a compensare le imposte cor<span class=\"_ _1\"></span>renti attive e passive e quando s<span class=\"_ _1\"></span>i riferiscono ad impos<span class=\"_ _1\"></span>te dovute alla medesima autor<span class=\"_ _1\"></span>it\u00e0 fiscale. Le i<span class=\"_ _1\"></span>mposte differi<span class=\"_ _1\"></span>te non sono attua<span class=\"_ _1\"></span>lizzate. Il <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>valuta <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>recuperabilit\u00e0 <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>fiscali <span class=\"_ _2\"></span>differite <span class=\"_ _2\"></span>sulla <span class=\"_ _2\"></span>base <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>pre<span class=\"_ _3\"></span>visioni <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>imponibili <span class=\"_ _2\"></span>futuri<span class=\"_ _1\"></span> attesi <span class=\"_ _6\"></span>tenendo <span class=\"_ _6\"></span>anche <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>considerazione <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>effetti <span class=\"_ _6\"></span>futuri <span class=\"_ _7\"></span>rivenienti <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>differenze <span class=\"_ _6\"></span>temporanee <span class=\"_ _6\"></span>su <span class=\"_ _7\"></span>cui <span class=\"_ _6\"></span>sono iscritte passivit\u00e0 f<span class=\"_ _1\"></span>iscali dif<span class=\"_ _1\"></span>ferite 10. U<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span> pe<span class=\"_ _1\"></span>r a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one L\u2019utile <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span>azione <span class=\"_ _a\"> </span>base <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"></span>determina<span class=\"_ _1\"></span>to <span class=\"_ _a\"> </span>come <span class=\"_ _a\"> </span>rapporto <span class=\"_ _7\"></span><span class=\"ls2\">tra</span> <span class=\"_ _a\"> </span><span class=\"ls2\">il</span> <span class=\"_ _a\"> </span>risultato <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>periodo <span class=\"_ _a\"></span>di <span class=\"_ _a\"> </span>pertinen<span class=\"_ _1\"></span>za <span class=\"_ _a\"> </span>del <span class=\"_ _6\"></span>Grupp<span class=\"_ _2\"></span>o attr<span class=\"_ _2\"></span>ibuib<span class=\"_ _2\"></span>ile <span class=\"_ _2\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>azio<span class=\"_ _1\"></span>ni <span class=\"_ _2\"></span>ord<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>arie <span class=\"_ _2\"></span>ed <span class=\"_ _1\"></span>il <span class=\"_ _2\"></span>nume<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>medio<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>pon<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>ato<span class=\"_ _2\"></span> <span class=\"ls6\">di</span> <span class=\"_ _2\"></span>azion<span class=\"_ _2\"></span>i o<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>inar<span class=\"_ _1\"></span>ie <span class=\"_ _1\"></span>in circolazi<span class=\"_ _1\"></span>one nell\u2019ese<span class=\"_ _1\"></span>rcizio. 11. Im<span class=\"_ _1\"></span>mobi<span class=\"_ _2\"></span>li, i<span class=\"_ _1\"></span>mpia<span class=\"_ _2\"></span>nti e<span class=\"_ _2\"></span> macc<span class=\"_ _2\"></span>hinar<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> Sono <span class=\"_ _11\"></span>iscritti <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>condizione <span class=\"_ _e\"></span>che <span class=\"_ _11\"></span>il <span class=\"_ _6\"></span>costo <span class=\"_ _11\"></span>sia <span class=\"_ _11\"></span>attendibilmente <span class=\"_ _11\"></span>determinabile <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>che <span class=\"_ _11\"></span>i <span class=\"_ _11\"></span>r<span class=\"_ _3\"></span>elativi <span class=\"_ _11\"></span>benefici <span class=\"_ _11\"></span>economici futuri possano esse<span class=\"_ _1\"></span>re realiz<span class=\"_ _1\"></span>zati dal Gruppo. Sono <span class=\"_ _2\"></span>iscritti <span class=\"_ _2\"></span>al <span class=\"_ _1\"></span>costo <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>acquisto <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>di produzio<span class=\"_ _1\"></span>ne, <span class=\"_ _2\"></span>comprensivo <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>oneri <span class=\"_ _2\"></span>accessori <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>dei <span class=\"_ _1\"></span>costi <span class=\"_ _2\"></span>diretti <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>indiretti di produzione per <span class=\"_ _1\"></span>la quota ragionevol<span class=\"_ _1\"></span>mente impu<span class=\"_ _1\"></span>tabile al be<span class=\"_ _1\"></span>ne. Le<span class=\"ls0\"> <span class=\"_ _2\"></span>immob<span class=\"_ _1\"></span>ilizzazioni <span class=\"_ _0\"></span>materiali <span class=\"_ _0\"></span>sono <span class=\"_ _2\"></span>sistema<span class=\"_ _1\"></span>ticamente <span class=\"_ _0\"></span>ammortizzate <span class=\"_ _0\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>ogni <span class=\"_ _0\"></span>esercizio <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>quo<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>costanti <span class=\"_ _1\"></span>sulla <span class=\"_ _2\"></span>base </span></span></span>di <span class=\"_ _2\"></span>aliquote <span class=\"_ _2\"></span>economico-tecniche <span class=\"_ _2\"></span>determina<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>relazione <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>residue <span class=\"_ _2\"></span>possibilit\u00e0 <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>utilizzo <span class=\"_ _2\"></span>dei <span class=\"_ _1\"></span>beni. <span class=\"_ _2\"></span>Le <span class=\"_ _2\"></span>aliquote di ammortamen<span class=\"_ _1\"></span>to utilizzate<span class=\"_ _1\"></span> sono le seguenti<span class=\"_ _1\"></span>: Im<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _1cb\"> </span>3<span class=\"_ _2\"></span>%<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>- 20<span class=\"_ _2\"></span>%Attr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>tu<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> vari<span class=\"_ _0\"></span>a<span class=\"_ _1cc\"> </span>1<span class=\"_ _2\"></span>2% - <span class=\"_ _3\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>%Im<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ari<span class=\"_ _1cd\"> </span>5<span class=\"_ _2\"></span>%<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>- 20<span class=\"_ _2\"></span>%Al<span class=\"_ _2\"></span>tr<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ni<span class=\"_ _1ce\"> </span>1<span class=\"_ _2\"></span>0% - <span class=\"_ _3\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>%I terreni non vengono <span class=\"_ _2\"></span>as<span class=\"_ _3\"></span>sogget<span class=\"_ _1\"></span>tati ad am<span class=\"_ _1\"></span>mor<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _2\"></span>to.<span class=\"_ _1\"></span> Nel <span class=\"_ _f\"> </span>primo <span class=\"_ _f\"> </span>anno <span class=\"_ _16\"> </span>le <span class=\"_ _4\"> </span>aliqu<span class=\"_ _1\"></span>ote <span class=\"_ _16\"> </span>applicate <span class=\"_ _f\"> </span>tengono <span class=\"_ _16\"> </span>conto <span class=\"_ _4\"> </span>dell\u2019e<span class=\"_ _1\"></span>ffettivo <span class=\"_ _16\"> </span>utilizzo <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>bene <span class=\"_ _16\"> </span>in <span class=\"_ _4\"> </span>corso <span class=\"_ _16\"> </span>d\u2019anno, l\u2019ammortamento <span class=\"_ _1\"></span>inizia quando le<span class=\"ff1f\"> </span>at<span class=\"_ _1\"></span>tivit\u00e0 sono p<span class=\"_ _1\"></span>ronte per l\u2019uso.<span class=\"_ _1\"></span><span class=\"ff1f\"> </span>La <span class=\"_\"> </span>vita <span class=\"_\"> </span>ut<span class=\"_ _1\"></span>ile <span class=\"_\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _12\"> </span><span class=\"ls16\">il<span class=\"_ _3\"></span></span> <span class=\"_\"> </span>criterio <span class=\"_\"> </span><span class=\"ls6\">di</span> <span class=\"_\"> </span>ammort<span class=\"_ _1\"></span>amento <span class=\"_\"> </span>sono<span class=\"_ _1\"></span> <span class=\"_\"> </span>rivisti <span class=\"_\"> </span>pe<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>iodicamente <span class=\"_ _12\"> </span><span class=\"ls4\">e,</span> <span class=\"_\"> </span>ove <span class=\"_\"> </span><span class=\"ls49\">si</span> <span class=\"_\"> </span>riscontrin<span class=\"_ _1\"></span>o <span class=\"_\"> </span>rilevanti cambiamenti rispe<span class=\"_ _1\"></span>tto alle assunzion<span class=\"_ _1\"></span>i adottate in preced<span class=\"_ _1\"></span>enza, la quota di ammo<span class=\"_ _1\"></span>rtamento viene <span class=\"_ _1\"></span>rettificata con il<span class=\"_ _2\"></span> metodo <span class=\"ff22\">\u201cprospe<span class=\"_ _1\"></span>ttico\u201d.<span class=\"ff1f\"> </span></span>Le <span class=\"_ _a\"> </span>spese <span class=\"_ _12\"> </span>incremen<span class=\"_ _1\"></span>tative <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>di <span class=\"_ _a\"> </span>manutenzione <span class=\"_ _a\"> </span>che <span class=\"_ _12\"> </span>pro<span class=\"_ _1\"></span>ducono <span class=\"_ _12\"> </span>u<span class=\"_ _1\"></span>n <span class=\"_ _a\"> </span>significativo <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>tangibile <span class=\"_ _a\"> </span>incremento <span class=\"_ _a\"> </span>della capacit\u00e0 <span class=\"_ _2\"></span>produttiv<span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>sicurezza <span class=\"_ _0\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>cespiti <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>mportano <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>allung<span class=\"_ _1\"></span>amento <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>vita <span class=\"_ _3\"></span>utile <span class=\"_ _e\"></span>degli <span class=\"_ _3\"></span>stessi, vengono <span class=\"_ _7\"></span>capitalizza<span class=\"_ _1\"></span>te <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>portate <span class=\"_ _6\"></span><span class=\"ls4\">ad</span> <span class=\"_ _7\"></span>incremento del cespite su cui<span class=\"_ _1\"></span> vengono realizzate. I costi di manut<span class=\"_ _1\"></span>enzione aventi natura o<span class=\"_ _1\"></span>rdinaria sono im<span class=\"_ _1\"></span>putati direttam<span class=\"_ _1\"></span>ente a conto econo<span class=\"_ _1\"></span>mico. Le <span class=\"_ _e\"></span>migliorie <span class=\"_ _3\"></span>su <span class=\"_ _e\"></span>beni <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>erzi <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>classificate <span class=\"_ _e\"></span>tra <span class=\"_ _3\"></span>le <span class=\"_ _e\"></span>immobilizzazioni <span class=\"_ _3\"></span>materiali, <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>alla <span class=\"_ _3\"></span>natura <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>costo sostenuto. <span class=\"_ _e\"></span>Il <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>ammorta<span class=\"_ _1\"></span>mento <span class=\"_ _e\"></span>corrisponde <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>inore <span class=\"_ _e\"></span>tra <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>esidua <span class=\"_ _e\"></span>dell\u2019immobi<span class=\"_ _1\"></span>lizzazione<span class=\"_ _1\"></span> materiale e la dur<span class=\"_ _1\"></span>ata del co<span class=\"_ _1\"></span>ntratto del bene d<span class=\"_ _1\"></span>i terzi. Un <span class=\"_ _e\"></span>bene <span class=\"_ _11\"></span>materiale <span class=\"_ _e\"></span>viene <span class=\"_ _e\"></span>eliminato <span class=\"_ _e\"></span>dal <span class=\"_ _e\"></span>bilancio <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>momento <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>endita <span class=\"_ _11\"></span>o <span class=\"_ _e\"></span>svalutato <span class=\"_ _e\"></span>integralmente <span class=\"_ _12\"> </span>quando non <span class=\"_ _12\"> </span>sussista <span class=\"_ _12\"> </span>alcun<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>beneficio <span class=\"_ _12\"> </span>econom<span class=\"_ _1\"></span>ico <span class=\"_ _12\"> </span>futuro <span class=\"_ _12\"> </span>attes<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>dal <span class=\"_ _12\"> </span>suo <span class=\"_ _12\"> </span>uso <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>dismissio<span class=\"_ _1\"></span>ne. <span class=\"_ _e\"></span>Eventuali <span class=\"_ _e\"></span>perdite<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>utili (calcolati <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>differenz<span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>proventi <span class=\"_ _2\"></span>netti <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>vendita <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>contab<span class=\"_ _1\"></span>ile) <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>inclusi <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span>economico nell\u2019anno della sud<span class=\"_ _1\"></span>detta <span class=\"ff1f\">el<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e.<span class=\"_ _2\"></span> </span>12. D<span class=\"_ _2\"></span>irit<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>d\u2019uso<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>beni <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>leas<span class=\"_ _1\"></span>ing<span class=\"_ _2\"></span> e pa<span class=\"_ _2\"></span>ssivit<span class=\"_ _2\"></span>\u00e0 per<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>ntr<span class=\"_ _2\"></span>atti d<span class=\"_ _2\"></span>i l<span class=\"_ _1\"></span>oc<span class=\"_ _2\"></span>azione<span class=\"_ _1\"></span> Il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>detiene <span class=\"_ _6\"></span>immobili, <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>macchinari <span class=\"_ _6\"></span>(prevalentemente <span class=\"_ _6\"></span>immob<span class=\"_ _1\"></span>ili <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>auto <span class=\"_ _7\"></span>aziendali <span class=\"_ _6\"></span><span class=\"ls4\">ad</span> <span class=\"_ _6\"></span>uso <span class=\"_ _6\"></span>dei dipendenti) <span class=\"_ _2\"></span>utilizza<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>nello <span class=\"_ _2\"></span>svolgimento <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>propria <span class=\"_ _2\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _2\"></span>aziendale, <span class=\"_ _2\"></span>attraverso <span class=\"_ _2\"></span>contratti <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>leasing. <span class=\"_ _2\"></span>Alla <span class=\"_ _2\"></span>data di in<span class=\"_ _1\"></span>izio <span class=\"_ _1\"></span>del l<span class=\"_ _1\"></span>easing <span class=\"_ _1\"></span>si <span class=\"_ _2\"></span>det<span class=\"_ _3\"></span>ermina <span class=\"_ _2\"></span>se il <span class=\"_ _1\"></span>contratto <span class=\"_ _1\"></span>\u00e8, <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>contiene, <span class=\"_ _2\"></span>un leasing. Tale <span class=\"_ _2\"></span>definizione \u00e8 <span class=\"_ _2\"></span>soddisfatta qu<span class=\"_ _1\"></span>ando il <span class=\"_ _11\"></span>contratto <span class=\"_ _e\"></span>trasferisce <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>diri<span class=\"_ _1\"></span>tto <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>controllare <span class=\"_ _e\"></span>l\u2019utilizzo <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>un\u2019attivit\u00e0 <span class=\"_ _e\"></span>sottostante <span class=\"_ _e\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>un <span class=\"_ _6\"></span>periodo <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>tempo <span class=\"_ _e\"></span>in cambio di un c<span class=\"_ _1\"></span>orr<span class=\"_ _2\"></span>ispet<span class=\"_ _2\"></span>tivo.<span class=\"_ _2\"></span> Alla <span class=\"_ _2\"></span>data <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>decorrenza <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>contratto <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>leasing <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>rileva <span class=\"_ _2\"></span>un\u2019attivit\u00e0 <span class=\"_ _2\"></span>consistente <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>diritto <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>utilizzo <span class=\"_ _2\"></span>dell\u2019attivit\u00e0 sottostante (Dir<span class=\"_ _1\"></span>itto d\u2019uso) e una pa<span class=\"_ _1\"></span>ssivit\u00e0 del <span class=\"_ _1\"></span>leasing.<span class=\"ff1f\"> </span>Il <span class=\"_ _e\"></span>diritto <span class=\"_ _11\"></span>d\u2019uso <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _11\"></span>valutato <span class=\"_ _e\"></span>inizialmente <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>costo, <span class=\"_ _11\"></span>che <span class=\"_ _e\"></span>comprende <span class=\"_ _e\"></span>l\u2019importo <span class=\"_ _e\"></span>iniziale <span class=\"_ _e\"></span>della <span class=\"_ _11\"></span>passivit\u00e0<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _3\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>leasing </span>rettificato per <span class=\"_ _1\"></span>i pagamenti g<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>\u00e0 corrisposti al<span class=\"_ _1\"></span>la data di <span class=\"_ _1\"></span>decorrenz<span class=\"_ _1\"></span>a <span class=\"ls4\">al</span> n<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>o degli in<span class=\"_ _1\"></span>centivi <span class=\"_ _1\"></span><span class=\"ls6\">di<span class=\"ls0\"> leas<span class=\"_ _1\"></span>ing r<span class=\"_ _1\"></span>icevuti, <span class=\"_ _1\"></span>pi\u00f9 </span></span>gli <span class=\"_ _2\"></span>eventuali <span class=\"_ _2\"></span>costi <span class=\"_ _2\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _2\"></span><span class=\"ls2\">lo<span class=\"ls0\"> <span class=\"_ _2\"></span>sm<span class=\"_ _1\"></span>antellamento, <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ff22\">rimozione, il <span class=\"_ _1\"></span>riprist<span class=\"_ _1\"></span>ino dell\u2019a<span class=\"_ _1\"></span>ttivit\u00e0 sot<span class=\"_ _1\"></span>tostante. I<span class=\"_ _1\"></span> Di<span class=\"_ _1\"></span>ritti d\u2019uso <span class=\"_ _1\"></span>sono </span></span></span></span></span>successivamente <span class=\"_ _e\"></span>ammortiz<span class=\"_ _1\"></span>zati <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>quote <span class=\"_ _e\"></span>costanti <span class=\"_ _11\"></span>sul <span class=\"_ _11\"></span>periodo <span class=\"_ _e\"></span>pi\u00f9 <span class=\"_ _11\"></span>breve <span class=\"_ _e\"></span>fra <span class=\"_ _e\"></span>la <span class=\"_ _11\"></span>durata <span class=\"_ _e\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>leasing <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>vita <span class=\"_ _11\"></span>utile stimata delle at<span class=\"_ _1\"></span>tivit\u00e0 consist<span class=\"_ _1\"></span>enti nel diritto di <span class=\"_ _1\"></span>utilizzo. La <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>leasing <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _12\"> </span>inizialmente <span class=\"_ _12\"> </span>valutata <span class=\"_ _12\"> </span><span class=\"ls4\">al</span> <span class=\"_ _12\"> </span>valore <span class=\"_ _12\"> </span>attuale <span class=\"_ _12\"> </span>dei <span class=\"_ _12\"> </span>pagamenti <span class=\"_ _12\"> </span>dovuti <span class=\"_ _12\"> </span>per <span class=\"_ _6\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>leasing <span class=\"_ _6\"></span>da corrispondere <span class=\"_ _5\"> </span>lungo <span class=\"_ _5\"> </span>la <span class=\"_ _15\"> </span>durata <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>leasing. <span class=\"_ _15\"> </span>Tal<span class=\"_ _1\"></span>i <span class=\"_ _5\"> </span>pagamenti <span class=\"_ _15\"> </span>son<span class=\"_ _1\"></span>o <span class=\"_ _5\"> </span>attualizzati <span class=\"_ _5\"> </span>utilizzando <span class=\"_ _5\"> </span>un <span class=\"_ _15\"> </span>tasso <span class=\"_ _5\"> </span>di indebitamento <span class=\"_ _a\"> </span>increment<span class=\"_ _1\"></span>ale <span class=\"_ _a\"> </span>coerente <span class=\"_ _a\"> </span>con <span class=\"_ _a\"> </span>la <span class=\"_ _a\"> </span>maturity <span class=\"_ _a\"> </span>dei <span class=\"_ _a\"> </span>contratti <span class=\"_ _a\"> </span>sottostanti <span class=\"_ _a\"> </span>quando <span class=\"_ _a\"> </span><span class=\"ls16\">il</span> <span class=\"_ _a\"> </span>tasso <span class=\"_ _a\"></span>di <span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>nteresse implicito <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>el <span class=\"_ _a\"></span>leasing <span class=\"_ _7\"></span>non <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"></span>faci<span class=\"_ _1\"></span>lmente <span class=\"_ _a\"></span>dete<span class=\"_ _1\"></span>rminabile<span class=\"_ _1\"></span>. <span class=\"_ _a\"> </span>I <span class=\"_ _a\"> </span>pagamenti <span class=\"_ _a\"> </span>variabili <span class=\"_ _a\"></span>do<span class=\"_ _1\"></span>vuti <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span>il <span class=\"_ _a\"> </span>leasing <span class=\"_ _7\"></span>che <span class=\"_ _12\"> </span>no<span class=\"_ _1\"></span>n dipendono <span class=\"_ _6\"></span>da <span class=\"_ _6\"> </span>un <span class=\"_ _7\"> </span>indice <span class=\"_ _6\"></span>o <span class=\"_ _6\"> </span>da <span class=\"_ _6\"> </span>un <span class=\"_ _7\"> </span>tasso <span class=\"_ _6\"> </span>sono <span class=\"_ _7\"> </span>rilevati <span class=\"_ _6\"></span>come <span class=\"_ _6\"> </span>costi <span class=\"_ _6\"> </span>nel <span class=\"_ _7\"> </span>periodo <span class=\"_ _6\"></span>in <span class=\"_ _6\"> </span>cui <span class=\"_ _6\"> </span>si<span class=\"_ _3\"></span> <span class=\"_ _6\"> </span>verifica <span class=\"_ _6\"> </span>l\u2019evento <span class=\"_ _6\"> </span>o <span class=\"_ _6\"> </span>l<span class=\"_ _3\"></span>a circostanza che fa <span class=\"_ _a\"> </span>scatta<span class=\"_ _1\"></span>re i pagament<span class=\"_ _1\"></span>i. Dopo la dat<span class=\"_ _1\"></span>a di decorrenz<span class=\"_ _1\"></span>a, la passivit\u00e0 del leasing \u00e8 <span class=\"_ _1\"></span>valutata al <span class=\"_ _1\"></span>costo ammortizzato u<span class=\"_ _1\"></span>sando il metodo de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span> tasso di intere<span class=\"_ _1\"></span>sse effettivo e <span class=\"_ _1\"></span>rideterminata al<span class=\"_ _1\"></span> verificarsi d<span class=\"_ _1\"></span>i taluni even<span class=\"_ _1\"></span>ti. L\u2019identificazion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>del contratto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>leasing <span class=\"_ _3\"></span>(lease <span class=\"_ _3\"></span>term) <span class=\"_ _3\"></span>corrisponde al <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>annullabile <span class=\"_ _3\"></span>del contratto <span class=\"_ _a\"> </span>(<span class=\"_ _3\"></span>non <span class=\"_ _12\"> </span>can<span class=\"_ _1\"></span>cellable <span class=\"_ _a\"> </span>period), <span class=\"_ _12\"> </span>unitamente <span class=\"_ _a\"> </span>ai <span class=\"_ _12\"> </span>periodi <span class=\"_ _12\"> </span>copert<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>da <span class=\"_ _12\"> </span>un\u2019opz<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>one <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>rinnovo <span class=\"_ _a\"></span>o <span class=\"_ _7\"></span>risoluzione anticipata <span class=\"_ _2\"></span>del con<span class=\"_ _1\"></span>tratto, <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>cui <span class=\"_ _2\"></span>esercizio, <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>cui<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ls49\">si<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff22\">detiene il con<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>rollo, \u00e8 cons<span class=\"_ _1\"></span>iderato \u201crag<span class=\"_ _1\"></span>ionevolmente cer<span class=\"_ _1\"></span>to\u201d.<span class=\"ff1f\"> </span></span></span></span></span></span>Il<span class=\"ls0\"> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _0\"></span>applica <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019ecc<span class=\"_ _1\"></span>ezione<span class=\"ff1f\"> <span class=\"_ _0\"></span>alla <span class=\"_ _2\"></span>rilevazio<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span>prev<span class=\"_ _1\"></span>ista <span class=\"_ _0\"></span>per <span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>leasing <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>breve <span class=\"_ _2\"></span>termine<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls4\">ai<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>propr<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>contratti <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>urata </span></span></span></span></span>uguale o <span class=\"_ _1\"></span><span class=\"ff22\">inferiore <span class=\"_ _2\"></span>a 12 mesi <span class=\"_ _2\"></span>dalla data di d<span class=\"_ _2\"></span>ecorrenza. Applica, <span class=\"_ _2\"></span>inoltre, l\u2019eccezion<span class=\"_ _1\"></span>e<span class=\"ff1f\"> <span class=\"_ _2\"></span>al<span class=\"_ _3\"></span>la <span class=\"_ _2\"></span>rilevazione <span class=\"_ _2\"></span>prevista <span class=\"_ _2\"></span>per </span></span>i <span class=\"_ _2\"></span>leasing <span class=\"_ _2\"></span>nei <span class=\"_ _0\"></span>quali <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019attivit\u00e0<span class=\"ff1f\"> <span class=\"_ _2\"></span>sottostante <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff22\">\u201cmodes<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>valore\u201d<span class=\"_ _3\"></span><span class=\"ff1f\"> e <span class=\"ls2\">il</span> cui i<span class=\"_ _3\"></span>mporto \u00e8 stimato come <span class=\"_ _3\"></span>non significativo.<span class=\"_ _1\"></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 <span class=\"_ _1\"></span>breve te<span class=\"_ _1\"></span>rmine e <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>i leasing <span class=\"_ _1\"></span>in cui <span class=\"_ _1\"></span>l\u2019attivit\u00e0 <span class=\"_ _1\"></span>sottostan<span class=\"_ _1\"></span>te \u00e8 d<span class=\"_ _1\"></span>i modes<span class=\"_ _1\"></span>to valo<span class=\"_ _1\"></span>re sono rilevati co<span class=\"_ _1\"></span>me costo a <span class=\"_ _1\"></span>quote costanti per <span class=\"_ _1\"></span>la durata del <span class=\"_ _1\"></span>leasing. Una <span class=\"_ _12\"> </span>modifi<span class=\"_ _1\"></span>ca <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>contratto <span class=\"_ _12\"> </span>di <span class=\"_ _a\"> </span>affitto <span class=\"_ _12\"> </span>si <span class=\"_ _a\"> </span>verifica <span class=\"_ _12\"> </span>quando <span class=\"_ _a\"> </span>c\u2019\u00e8 <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>varia<span class=\"_ _1\"></span>zione <span class=\"_ _a\"> </span>dell\u2019oggetto <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>contratto<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> </span>locazione, <span class=\"_ _3\"></span>o <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>paga<span class=\"_ _1\"></span>menti <span class=\"_ _3\"></span>relativi <span class=\"_ _e\"></span><span class=\"ls3\">al</span> <span class=\"_ _e\"></span>contratto <span class=\"_ _3\"></span><span class=\"ff22\">d\u2019affitto,</span> <span class=\"_ _3\"></span>che <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>faceva <span class=\"_ _3\"></span>parte <span class=\"_ _e\"></span>dei <span class=\"_ _11\"></span>termini <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _11\"></span>condizioni originali <span class=\"_ _7\"> </span>del <span class=\"_ _a\"> </span>contratto <span class=\"_ _7\"> </span>d\u2019affitto. <span class=\"_ _a\"> </span>In <span class=\"_ _a\"> </span>qu<span class=\"_ _1\"></span>esto <span class=\"_ _a\"> </span>ca<span class=\"_ _1\"></span>so, <span class=\"_ _7\"> </span>i<span class=\"_ _3\"></span>l <span class=\"_ _a\"> </span>diritto <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _a\"> </span>e <span class=\"_ _7\"> </span>il <span class=\"_ _a\"> </span>debito <span class=\"_ _a\"> </span>pe<span class=\"_ _1\"></span>r <span class=\"_ _7\"> </span>contratti <span class=\"_ _a\"> </span>d\u2019affitto <span class=\"_ _7\"> </span>vengono aggiornati di conse<span class=\"_ _1\"></span>guenza. Le<span class=\"ls0\"> c<span class=\"_ _1\"></span>omp<span class=\"_ _2\"></span>onent<span class=\"_ _2\"></span>i d<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ntr<span class=\"_ _2\"></span>atti <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>i co<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>ratti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ess<span class=\"_ _2\"></span>i <span class=\"ls16\">la</span> <span class=\"_ _2\"></span>cui<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>loc<span class=\"_ _2\"></span>azio<span class=\"_ _2\"></span>ne \u00e8<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>uci<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>ile<span class=\"_ _2\"></span> <span class=\"ls3\">ad</span> <span class=\"_ _1\"></span><span class=\"ls6\">un<span class=\"ls0\"> <span class=\"_ _2\"></span>contr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> di se<span class=\"_ _1\"></span>rvizi o ad una </span></span></span>concessione di lic<span class=\"_ _1\"></span>enza, sono stati<span class=\"_ _1\"></span> esclusi dal<span class=\"_ _1\"></span>l\u2019ambito di app<span class=\"_ _1\"></span>licazione del<span class=\"_ _1\"></span>l\u2019IFRS 16.<span class=\"ff1f\"> </span>Sono <span class=\"_ _6\"></span>stati <span class=\"_ _7\"></span>identificati <span class=\"_ _6\"></span>contratti <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>sublocazion<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>riconducibili <span class=\"_ _7\"></span>agli <span class=\"_ _6\"></span>immobili <span class=\"_ _7\"></span><span class=\"ls2\">in</span> <span class=\"_ _6\"></span>uso. <span class=\"_ _7\"></span><span class=\"ls7\">Il</span> <span class=\"_ _7\"></span>Gruppo <span class=\"_ _a\"></span>in <span class=\"_ _7\"></span>qualit\u00e0 <span class=\"_ _a\"> </span>di<span class=\"_ _1\"></span> locatore a terzi <span class=\"_ _1\"></span>di spazi im<span class=\"_ _1\"></span>mobiliari ha ident<span class=\"_ _1\"></span>ificato det<span class=\"_ _1\"></span>ti contratti come <span class=\"_ _1\"></span>leasing ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>o.<span class=\"_ _2\"></span> Gli <span class=\"_ _7\"></span>investimenti <span class=\"_ _7\"></span>immobilia<span class=\"_ _1\"></span>ri <span class=\"_ _7\"></span>detenuti <span class=\"_ _7\"></span>per <span class=\"_ _a\"></span>p<span class=\"_ _1\"></span>ercepire <span class=\"_ _7\"></span>canoni <span class=\"_ _7\"></span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span>locazion<span class=\"_ _1\"></span>e, <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span><span class=\"ff22\">l\u2019apprezzamento <span class=\"_ _12\"> </span>del</span> <span class=\"_ _12\"> </span>capitale investito <span class=\"_ _11\"></span>o <span class=\"_ _6\"></span>per <span class=\"_ _11\"></span>entrambe <span class=\"_ _6\"></span><span class=\"ls16\">le</span> <span class=\"_ _11\"></span>motivazioni, <span class=\"_ _6\"></span>sono <span class=\"_ _11\"></span>iscritti <span class=\"_ _11\"></span><span class=\"ls4\">al</span> <span class=\"_ _6\"></span>costo, <span class=\"_ _11\"></span>comprensivo <span class=\"_ _11\"></span>degli <span class=\"_ _6\"></span>oneri <span class=\"_ _7\"></span>accessori <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>diretta imputazione e, ad eccezion<span class=\"_ _1\"></span>e della componente relativa ai terreni, sono <span class=\"_ _1\"></span>siste<span class=\"_ _1\"></span>maticamente <span class=\"_ _2\"></span>ammortizzati <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>quote costanti <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>ogni <span class=\"_ _2\"></span>singolo <span class=\"_ _2\"></span>periodo <span class=\"_ _2\"></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _2\"></span>della vita ut<span class=\"_ _1\"></span>ile stimata. </span></span>I <span class=\"_ _2\"></span>costi<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>sostenuti <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>migliorie <span class=\"_ _1\"></span>vengono <span class=\"_ _2\"></span>imputati <span class=\"_ _2\"></span>ad incr<span class=\"_ _1\"></span>emento <span class=\"_ _2\"></span>dei beni <span class=\"_ _2\"></span>interessati <span class=\"_ _2\"></span>solo se <span class=\"_ _2\"></span>sono <span class=\"_ _0\"></span>attendibilmente stimabili <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>potranno <span class=\"_ _2\"></span>essere <span class=\"_ _0\"></span>recuperati <span class=\"_ _2\"></span>tramite <span class=\"_ _0\"></span>futuri <span class=\"_ _2\"></span>benefici <span class=\"_ _2\"></span>econo<span class=\"_ _1\"></span>mici attesi ad <span class=\"_ _1\"></span>essi associab<span class=\"_ _1\"></span>ili. 13. I<span class=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>iment<span class=\"_ _2\"></span>i immo<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iar<span class=\"_ _2\"></span>i Gli <span class=\"_ _2\"></span>investimenti <span class=\"_ _2\"></span>immobiliari <span class=\"_ _2\"></span>vengono <span class=\"_ _2\"></span>periodicamente <span class=\"_ _2\"></span>valutati <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>identificare <span class=\"_ _2\"></span>eventuali <span class=\"_ _2\"></span>perdite <span class=\"_ _2\"></span>di va<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>ore <span class=\"_ _2\"></span>come descritto nel paragr<span class=\"_ _1\"></span>afo succ<span class=\"_ _1\"></span>essivo. 14. A<span class=\"_ _2\"></span>ttiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>mmat<span class=\"_ _2\"></span>erial<span class=\"_ _1\"></span>i Sono <span class=\"_ _11\"></span>iscritti <span class=\"_ _e\"></span>tra <span class=\"_ _11\"></span>le <span class=\"_ _11\"></span><span class=\"ff22\">attivit\u00e0 <span class=\"_ _11\"></span>immateriali <span class=\"_ _e\"></span>i <span class=\"_ _11\"></span>costi, <span class=\"_ _11\"></span>inclusivi <span class=\"_ _e\"></span>degli <span class=\"_ _11\"></span>oneri <span class=\"_ _11\"></span>accessori, <span class=\"_ _e\"></span>sostenuti <span class=\"_ _11\"></span>per <span class=\"_ _e\"></span>l\u2019acquisizione <span class=\"_ _e\"></span>di </span>risorse <span class=\"_\"> </span>pr<span class=\"_ _1\"></span>ive <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>consistenza <span class=\"_\"> </span>fi<span class=\"_ _1\"></span>sica <span class=\"_\"> </span>a <span class=\"_ _12\"> </span>condizione <span class=\"_\"> </span>che<span class=\"_ _1\"></span> <span class=\"_\"> </span>il <span class=\"_\"> </span>l<span class=\"_ _1\"></span>oro <span class=\"_\"> </span>am<span class=\"_ _1\"></span>montare <span class=\"_\"> </span>s<span class=\"_ _1\"></span>ia <span class=\"_\"> </span>q<span class=\"_ _1\"></span>uantificabile <span class=\"_ _a\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _a\"> </span><span class=\"ls16\">il</span> <span class=\"_ _a\"> </span>bene <span class=\"_ _a\"></span>sia<span class=\"_ _1\"></span> chiaramente <span class=\"_ _11\"></span>identificabile <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>controllabile <span class=\"_ _11\"></span>dal <span class=\"_ _6\"></span>Gruppo <span class=\"_ _11\"></span>e <span class=\"_ _6\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>l\u2019uso <span class=\"_ _a\"> </span>della <span class=\"_ _a\"> </span>attivit\u00e0 <span class=\"_ _a\"> </span>generer\u00e0 <span class=\"_ _a\"> </span>probabili <span class=\"_ _a\"> </span>benefici economici in <span class=\"_ _1\"></span>futuro. Non <span class=\"_ _17\"> </span>sono <span class=\"_ _17\"> </span>capitalizzati <span class=\"_ _15\"> </span>costi <span class=\"_ _17\"> </span>pubblicitari, <span class=\"_ _17\"> </span>costi <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>impianto <span class=\"_ _17\"> </span>e <span class=\"_ _17\"> </span>ampliamento <span class=\"_ _15\"> </span>e <span class=\"_ _17\"> </span>costi<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>ricerca. <span class=\"_ _17\"> </span>Le immobilizzaz<span class=\"_ _1\"></span>ioni <span class=\"_ _2\"></span>aventi <span class=\"_ _2\"></span>vi<span class=\"_ _1\"></span>ta <span class=\"_ _2\"></span>utile <span class=\"_ _2\"></span>defini<span class=\"_ _1\"></span>ta <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>siste<span class=\"_ _1\"></span>maticamente <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>mmortizzate <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>quo<span class=\"_ _3\"></span>te <span class=\"_ _2\"></span>costanti <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>ogni <span class=\"_ _2\"></span>singol<span class=\"_ _1\"></span>o periodo per tener co<span class=\"_ _1\"></span>nto dell<span class=\"_ _1\"></span>a residua possibil<span class=\"_ _1\"></span>it\u00e0 di utilizzaz<span class=\"_ _1\"></span>ione. La <span class=\"_\"> </span>voc<span class=\"_ _1\"></span>e <span class=\"_\"> </span>\u201ca<span class=\"_ _2\"></span>vviame<span class=\"_ _2\"></span>nto\u201d<span class=\"_ _1\"></span> <span class=\"_\"> </span><span class=\"ls49\">si</span> <span class=\"_\"> </span>ri<span class=\"_ _1\"></span>fer<span class=\"_ _2\"></span>isce <span class=\"_\"> </span><span class=\"ls48\">al</span> <span class=\"_\"> </span>mag<span class=\"_ _1\"></span>gio<span class=\"_ _2\"></span>r <span class=\"_\"> </span>val<span class=\"_ _1\"></span>ore<span class=\"_ _2\"></span> <span class=\"_\"> </span>attrib<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ito<span class=\"_ _1\"></span> <span class=\"_\"> </span><span class=\"ls16\">in</span> <span class=\"_\"> </span>se<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span> <span class=\"_\"> </span><span class=\"ls1\">di</span> <span class=\"_\"> </span>prim<span class=\"_ _1\"></span>o <span class=\"_\"> </span>co<span class=\"_ _2\"></span>nsoli<span class=\"_ _1\"></span>da<span class=\"_ _2\"></span>mento<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>una partecipazione <span class=\"_ _2\"></span>o <span class=\"_ _0\"></span>identificato <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>via <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>esiduale <span class=\"_ _2\"></span><span class=\"ff22\">da<span class=\"_ _1\"></span>ll\u2019eccedenza<span class=\"ff1f\"> <span class=\"_ _2\"></span>del <span class=\"_ _0\"></span>costo <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>acquisizione <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _1\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f\">delle </span></span></span></span></span></span></span></span>attivit\u00e0, passivit<span class=\"_ _1\"></span>\u00e0 e passivit<span class=\"_ _1\"></span>\u00e0 potenziali iden<span class=\"_ _1\"></span>tificabili di alcu<span class=\"_ _1\"></span>ne societ\u00e0 con<span class=\"_ _1\"></span>trollate a<span class=\"_ _1\"></span>lla data di acquis<span class=\"_ _1\"></span>izione. Gli <span class=\"_ _12\"> </span>avviamenti <span class=\"_ _a\"> </span>e <span class=\"_\"> </span>l<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>immobilizzaz<span class=\"_ _1\"></span>ioni <span class=\"_ _12\"> </span>immate<span class=\"_ _1\"></span>riali <span class=\"_ _12\"> </span>avent<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>vita <span class=\"_ _12\"> </span>utile <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>ndefinita <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>vengono <span class=\"_ _12\"> </span>sottopos<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _12\"> </span>ad ammortamento,<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>bens\u00ec <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>periodiche <span class=\"_ _e\"></span>verifiche <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>identificare <span class=\"_ _e\"></span>eventuali <span class=\"_ _e\"></span>perdite <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>valore, <span class=\"_ _e\"></span>cos\u00ec <span class=\"_ _e\"></span>come <span class=\"_ _e\"></span>descritto nel <span class=\"_ _6\"></span>paragrafo <span class=\"_ _6\"></span>\u201cPerdite <span class=\"_ _11\"></span>di <span class=\"_ _6\"> </span>valore <span class=\"_ _6\"> </span>di <span class=\"_ _6\"></span>attivit\u00e0\u201d. <span class=\"_ _6\"></span>Qualora <span class=\"_ _11\"></span>i <span class=\"_ _6\"> </span>flussi<span class=\"_ _3\"></span> <span class=\"_ _1cf\"> </span>di <span class=\"_ _11\"></span>ca<span class=\"_ _3\"></span>ssa <span class=\"_ _6\"></span>attesi <span class=\"_ _11\"></span>attualizzati <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>permettano <span class=\"_ _11\"></span>il recupero dell\u2019inv<span class=\"_ _1\"></span>estimento <span class=\"_ _1\"></span>iniziale, l\u2019attivi<span class=\"_ _1\"></span>t\u00e0 iscritta vi<span class=\"_ _1\"></span>ene congruament<span class=\"_ _1\"></span>e svalutata<span class=\"_ _1\"></span>. Il<span class=\"ls0\"> <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>aggior <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>attribuito<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls4\">ad</span> <span class=\"_ _e\"></span>una <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _e\"></span>immateriale <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>definita, <span class=\"_ _e\"></span>iscritto <span class=\"_ _3\"></span><span class=\"ls2\">in</span> <span class=\"_ _e\"></span>applicazione <span class=\"_ _7\"></span><span class=\"ff22\">dell<span class=\"_ _1\"></span>\u2019I<span class=\"_ _1\"></span>FR<span class=\"_ _2\"></span>S<span class=\"ff1f\"> <span class=\"_ _11\"></span>3 <span class=\"_ _e\"></span>a </span></span></span>seg<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span><span class=\"ff22\">del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _1\"></span>acq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _2\"></span><span class=\"ff1f\"> <span class=\"ls6\">di</span> <span class=\"_ _2\"></span><span class=\"ls6\">una<span class=\"ls0\"> par<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span>cipaz<span class=\"_ _2\"></span>ione <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>sed<span class=\"_ _2\"></span>e <span class=\"ls1\">di</span> p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>mo <span class=\"_ _2\"></span>cons<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>lid<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>viene ammortizzato se <span class=\"_ _3\"></span>riferito </span></span></span></span></span></span>ad <span class=\"_\"> </span>immobilizzazion<span class=\"_ _1\"></span>i <span class=\"_\"> </span>a <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>def<span class=\"_ _1\"></span>inita. <span class=\"_\"> </span>Qualora <span class=\"_\"> </span>i<span class=\"_ _1\"></span>l <span class=\"_\"> </span>maggior <span class=\"_\"> </span>valo<span class=\"_ _1\"></span>re <span class=\"_\"> </span>sia <span class=\"_\"> </span>attribuito <span class=\"_\"> </span>ad <span class=\"_\"> </span>i<span class=\"_ _1\"></span>mmobilizzazi<span class=\"_ _1\"></span>oni immateriali a vita utile indefinita, non viene ammortizzato. Tal<span class=\"_ _1\"></span>i attivit\u00e0 sono assoggettate ad <span class=\"_ _3\"></span><span class=\"ff24\">impairment test</span>, cos\u00ec come prev<span class=\"_ _1\"></span>isto dallo IA<span class=\"_ _1\"></span>S 36. Vengono <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>seguito <span class=\"_ _2\"></span>indic<span class=\"_ _1\"></span>ati <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>periodi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>ammo<span class=\"_ _1\"></span>rtamento <span class=\"_ _2\"></span>adottati <span class=\"_ _2\"></span>per <span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>varie <span class=\"_ _2\"></span>voci <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 im<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>ter<span class=\"_ _2\"></span>iali<span class=\"_ _1\"></span>: Co<span class=\"_ _2\"></span>nces<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>cenz<span class=\"_ _2\"></span>e,<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e di<span class=\"_ _0\"></span>ri<span class=\"_ _2\"></span>tti<span class=\"_ _2\"></span> si<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _1d0\"> </span>d<span class=\"_ _1\"></span>a 3 a <span class=\"_ _3\"></span>5<span class=\"_ _1\"></span> ann<span class=\"_ _2\"></span>iP<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> soft<span class=\"_ _1\"></span>ware<span class=\"_ _1c6\"> </span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> 3 a <span class=\"_ _3\"></span>5<span class=\"_ _1\"></span> ann<span class=\"_ _2\"></span>iTestate<span class=\"_ _1d1\"> </span>d<span class=\"_ _1\"></span>a 10<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ann<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> o i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>defi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>taDi<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _1d2\"> </span>sec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t\u00e0Al<span class=\"_ _2\"></span>tre i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _1d3\"> </span>d<span class=\"_ _1\"></span>a 2 a <span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ann<span class=\"_ _2\"></span>iLe <span class=\"_ _a\"> </span>testate <span class=\"_ _a\"></span>a <span class=\"_ _7\"></span>vita <span class=\"_ _a\"> </span>utile <span class=\"_ _7\"></span>definita <span class=\"_ _a\"> </span>sono <span class=\"_ _a\"> </span>ammortizza<span class=\"_ _1\"></span>te <span class=\"_ _7\"></span><span class=\"ls2\">in</span> <span class=\"_ _a\"> </span>un <span class=\"_ _a\"> </span>periodo <span class=\"_ _7\"></span>tra <span class=\"_ _a\"> </span>i <span class=\"_ _a\"> </span>dieci <span class=\"_ _7\"></span>anni <span class=\"_ _a\"> </span>e <span class=\"_ _a\"> </span>i <span class=\"_ _a\"></span>trent\u2019ann<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>dalla<span class=\"ff1f\"> <span class=\"_ _f\"> </span>data </span>dell\u2019acquisto <span class=\"_ _12\"> </span><span class=\"ls2\">in</span> <span class=\"_\"> </span>funzi<span class=\"_ _1\"></span>one <span class=\"_\"> </span>della <span class=\"_ _12\"> </span>loro <span class=\"_\"> </span>residua <span class=\"_ _12\"> </span>possibilit\u00e0 <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>utilizzo. <span class=\"_\"> </span>Ta<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>e <span class=\"_\"> </span>pe<span class=\"_ _1\"></span>riodo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>viene riesaminato <span class=\"_ _3\"></span>periodicamente<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>alla <span class=\"_ _e\"></span>luce <span class=\"_ _3\"></span>dell\u2019andamento <span class=\"_ _3\"></span>economico <span class=\"_ _3\"></span>prospettico <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>partecipate <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>detengono le testate. I <span class=\"_ _e\"></span>diritti <span class=\"_ _11\"></span>pluriennali <span class=\"_ _e\"></span>(di <span class=\"_ _11\"></span>durata <span class=\"_ _e\"></span>superiore <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>12 <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>esi) <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>ut<span class=\"_ _3\"></span>ilizzazione <span class=\"_ _e\"></span>televisiva <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>film, <span class=\"_ _11\"></span>serie, <span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>elefil<span class=\"_ _1\"></span>m, <span class=\"_ _e\"></span>cartoni animati, <span class=\"_ _6\"></span>concerti <span class=\"_ _7\"></span>classici, <span class=\"_ _6\"></span>corti, <span class=\"_ _7\"></span>documentari, <span class=\"_ _6\"></span>reportage <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>simili, <span class=\"_ _6\"></span>compresi <span class=\"_ _7\"></span>gli<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>oneri <span class=\"_ _6\"></span>accessori <span class=\"_ _11\"></span>(doppiaggio, edizioni <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>material<span class=\"_ _1\"></span>i), <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>ivi <span class=\"_ _e\"></span>compresi <span class=\"_ _3\"></span>quelli <span class=\"_ _e\"></span>inseriti <span class=\"_ _e\"></span><span class=\"ff22\">all\u2019interno <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>produzioni, <span class=\"_ _e\"></span>ac<span class=\"_ _3\"></span>quistat<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>ediante <span class=\"_ _e\"></span>contratto <span class=\"_ _e\"></span>di </span>licenza, <span class=\"_ _e\"></span>vengono <span class=\"_ _e\"></span>iscritti <span class=\"_ _e\"></span>nella <span class=\"_ _11\"></span>voce <span class=\"_ _11\"></span>\u201cdiritti <span class=\"_ _e\"></span>televisivi\u201d <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>ammortizzati <span class=\"_ _e\"></span>in <span class=\"_ _11\"></span>quote <span class=\"_ _e\"></span>costanti <span class=\"_ _e\"></span>annuali <span class=\"_ _11\"></span>nel <span class=\"_ _e\"></span>periodo della loro disponibilit\u00e0 stabilito dal contratto di<span class=\"_ _3\"></span> <span class=\"ff22\">licenza a par<span class=\"_ _3\"></span>tire dall\u2019esercizio in cui sono disponibili e <span class=\"_ _3\"></span>pronti </span>per <span class=\"_ _148\"> </span>l\u2019uso. <span class=\"_ _148\"> </span>Nel <span class=\"_ _c\"> </span>caso <span class=\"_ _148\"> </span>in <span class=\"_ _c\"> </span>cui<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span> <span class=\"_ _148\"> </span>diritti <span class=\"_ _c\"> </span>abbiano <span class=\"_ _148\"> </span>esaurito <span class=\"_ _c\"> </span>i <span class=\"_ _148\"> </span>passaggi <span class=\"_ _148\"> </span>disponibili, <span class=\"_ _c\"> </span>indipendentemen<span class=\"_ _1\"></span>te dall\u2019ammortamen<span class=\"_ _1\"></span>to<span class=\"ff1f\"> <span class=\"_ _3\"></span>gi\u00e0 contabilizzato, <span class=\"_ _3\"></span><span class=\"ls2\">il</span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>residuo viene <span class=\"_ _3\"></span>interamente adde<span class=\"_ _3\"></span>bitato a <span class=\"_ _3\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _11\"></span>nel </span>periodo <span class=\"_ _7\"> </span>in <span class=\"_ _7\"> </span>cui <span class=\"_ _7\"> </span>si <span class=\"_ _7\"> </span>\u00e8 <span class=\"_ _a\"> </span>verifi<span class=\"_ _1\"></span>cato <span class=\"_ _7\"> </span>l\u2019ultimo <span class=\"_ _7\"> </span>passagg<span class=\"_ _1\"></span>io. <span class=\"_ _7\"> </span>I <span class=\"_ _7\"> </span>diritti <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _a\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _7\"> </span>frequenze <span class=\"_ _6\"> </span>televisive <span class=\"_ _7\"> </span>sono <span class=\"_ _7\"> </span>ammortizzati secondo la loro du<span class=\"_ _1\"></span>rata. La <span class=\"_\"> </span>vita <span class=\"_\"> </span>ut<span class=\"_ _1\"></span>ile <span class=\"_\"> </span><span class=\"ls3\">ed</span> <span class=\"_\"> </span><span class=\"ls2\">il</span> <span class=\"_\"> </span>c<span class=\"_ _1\"></span>riterio <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>ammortamento <span class=\"_\"> </span>sono<span class=\"_ _1\"></span> <span class=\"_\"> </span>rivisti <span class=\"_\"> </span>per<span class=\"_ _1\"></span>iodicamente <span class=\"_ _12\"> </span><span class=\"ls4\">e,</span> <span class=\"_\"> </span>ove <span class=\"_\"> </span><span class=\"ls33\">si</span> <span class=\"_ _12\"> </span>riscontrino <span class=\"_\"> </span>rilevanti cambiamenti rispe<span class=\"_ _1\"></span>tto alle assunzion<span class=\"_ _1\"></span>i adottate in preced<span class=\"_ _1\"></span>enza, la quota di ammo<span class=\"_ _1\"></span>rtamento viene <span class=\"_ _1\"></span>rettificata con il<span class=\"_ _2\"></span> metodo <span class=\"ff22\">\u201cprospe<span class=\"_ _1\"></span>ttico\u201d.<span class=\"ff1f\"> </span></span>Sono <span class=\"_ _6\"></span>iscritti <span class=\"_ _6\"> </span>nelle <span class=\"_ _6\"></span>immobilizzazioni <span class=\"_ _11\"></span>in <span class=\"_ _7\"> </span>corso <span class=\"_ _6\"></span>i <span class=\"_ _6\"> </span>costi <span class=\"_ _6\"> </span>sostenuti <span class=\"_ _6\"> </span>per <span class=\"_ _6\"> </span>l\u2019acquisizione <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>la <span class=\"_ _6\"> </span>produzione<span class=\"_ _e\"></span><span class=\"ff1f\"> <span class=\"_ _3\"></span>interna <span class=\"_ _e\"></span><span class=\"ls6\">di</span> </span>attivit\u00e0 <span class=\"_ _2\"></span>immateri<span class=\"_ _1\"></span>ali, <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>qual<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>sia <span class=\"_ _2\"></span>ancora <span class=\"_ _2\"></span>stata <span class=\"_ _0\"></span>acquisita <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>piena <span class=\"_ _1\"></span>titolarit\u00e0<span class=\"_ _1\"></span> del <span class=\"_ _2\"></span>diritto o r<span class=\"_ _1\"></span>iguardanti <span class=\"_ _1\"></span>progett<span class=\"_ _1\"></span>i </span></span></span></span>non an<span class=\"_ _2\"></span>cora completat<span class=\"_ _1\"></span>i. L<span class=\"_ _2\"></span>e immobilizza<span class=\"_ _1\"></span>zioni <span class=\"_ _2\"></span>in corso <span class=\"_ _2\"></span>rimangono <span class=\"_ _2\"></span>iscr<span class=\"_ _1\"></span>itte <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>tale <span class=\"_ _2\"></span>voc<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>fino <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>momento <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>loro </span></span></span></span>utilizzazione economica: da <span class=\"_ _e\"></span>tale momento sono <span class=\"_ _1\"></span>riclassifica<span class=\"_ _1\"></span>te nelle rispettive <span class=\"_ _1\"></span>voci di comp<span class=\"_ _1\"></span>etenza delle at<span class=\"_ _1\"></span>tivit\u00e0 immateriali ed am<span class=\"_ _1\"></span>mortizzate. Le<span class=\"ls0\"> immobiliz<span class=\"_ _1\"></span>zazioni <span class=\"ls2\">in</span> <span class=\"_ _2\"></span>corso sono assog<span class=\"_ _1\"></span>gettate <span class=\"ls4\">ad</span> <span class=\"_ _2\"></span><span class=\"ff24\">impairment test, <span class=\"_ _1\"></span><span class=\"ff1f\">cos\u00ec co<span class=\"_ _1\"></span>me pre<span class=\"_ _1\"></span>visto dallo IA<span class=\"_ _1\"></span>S 36. </span></span></span>Gli <span class=\"_ _2\"></span>oneri <span class=\"_ _2\"></span>finanziari <span class=\"_ _2\"></span>sono <span class=\"_ _1\"></span>capit<span class=\"_ _1\"></span>alizzati <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>immateriali <span class=\"_ _2\"></span>acquisite ov<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>richiedano <span class=\"_ _2\"></span>un rilevante periodo <span class=\"_ _1\"></span>di tempo pri<span class=\"_ _1\"></span>ma di essere pron<span class=\"_ _1\"></span>te per l<span class=\"_ _1\"></span>\u2019uso. 15. P<span class=\"_ _2\"></span>erdi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>valor<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> n<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _2\"></span>rie La soc<span class=\"_ _3\"></span>iet\u00e0 verifica, almeno u<span class=\"_ _3\"></span><span class=\"ff22\">na <span class=\"_ _3\"></span>volta <span class=\"_ _3\"></span>all\u2019anno, la <span class=\"_ _3\"></span>recuperabilit\u00e0 del valore <span class=\"_ _3\"></span>contabile delle <span class=\"_ _3\"></span>attivit\u00e0 immateriali </span>a <span class=\"_ _2\"></span>vita <span class=\"_ _2\"></span>utile <span class=\"_ _2\"></span>indefinita, <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>corso, <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>ogni <span class=\"_ _2\"></span>volta <span class=\"_ _6\"></span>che <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>manifestano <span class=\"_ _2\"></span>ind<span class=\"_ _1\"></span>icatori <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>potenziale riduzione <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>valo<span class=\"_ _1\"></span>re, <span class=\"_ _7\"></span>la <span class=\"_ _a\"> </span>recuperabi<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _a\"> </span>valore <span class=\"_ _7\"></span>contabile <span class=\"_ _7\"></span>delle <span class=\"_ _a\"> </span>immobili<span class=\"_ _1\"></span>zzazioni <span class=\"_ _7\"></span>materiali <span class=\"_ _7\"></span>e <span class=\"_ _a\"> </span>delle <span class=\"_ _7\"></span>attivit\u00e0 immateriali <span class=\"_ _1\"></span>a v<span class=\"_ _1\"></span>ita u<span class=\"_ _1\"></span>tile def<span class=\"_ _1\"></span>inita, non<span class=\"_ _1\"></span>ch\u00e9 <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>partecipa<span class=\"_ _1\"></span>zioni, a<span class=\"_ _1\"></span>l fin<span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>determina<span class=\"_ _1\"></span>re se <span class=\"_ _2\"></span>tali attivit\u00e0 <span class=\"_ _1\"></span>possano <span class=\"_ _1\"></span>aver subito una <span class=\"_ _2\"></span>perdita di <span class=\"_ _2\"></span>valore. Se <span class=\"_ _1\"></span>esiste un<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>tale <span class=\"_ _1\"></span>evidenza,<span class=\"_ _1\"></span> il <span class=\"_ _1\"></span>valore <span class=\"_ _2\"></span>di carico <span class=\"_ _1\"></span>de<span class=\"ff22\">ll\u2019attivit\u00e0 v<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ene r<span class=\"_ _1\"></span>idotto <span class=\"_ _1\"></span>al r<span class=\"_ _1\"></span>elativo<span class=\"ff1f\"> </span></span>valore <span class=\"_ _2\"></span>recupe<span class=\"_ _1\"></span>rabile. <span class=\"_ _2\"></span><span class=\"ls7\">Il<span class=\"ls0\"> <span class=\"_ _0\"></span>val<span class=\"_ _3\"></span>ore <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>ecuperabile <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ff22\">un\u2019a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"ff1f\"> <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>maggiore <span class=\"_ _0\"></span><span class=\"ls2\">tra<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f ls4\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>vendita </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>ed<span class=\"ls0\"> <span class=\"ls16\">il</span> suo valore <span class=\"ff22\">d\u2019uso.</span> <span class=\"ls7\">Il</span> <span class=\"ff24\">fair value </span>\u00e8 determin<span class=\"_ _1\"></span>ato con riferiment<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>ai <span class=\"_ _e\"></span>prezzi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>mercato. <span class=\"_ _3\"></span>In <span class=\"_ _e\"></span>assenza <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valori <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> </span>mercato v<span class=\"_ _1\"></span>engono <span class=\"_ _1\"></span>utilizza<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>metodi di<span class=\"_ _1\"></span> sti<span class=\"_ _1\"></span>ma e <span class=\"_ _2\"></span>modelli valu<span class=\"_ _1\"></span>tativi ba<span class=\"_ _1\"></span>sati <span class=\"_ _1\"></span>su dat<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>munque <span class=\"_ _2\"></span>rilevabili sul <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ercato. Il <span class=\"_ _e\"></span>valore <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _3\"></span>definito <span class=\"_ _e\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _e\"></span>dell\u2019attualizzaz<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>dei <span class=\"_ _e\"></span>flussi <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _e\"></span>attesi <span class=\"_ _e\"></span>dall\u2019utilizzo <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>dalla <span class=\"_ _3\"></span>vendita del bene (o da un\u2019a<span class=\"_ _1\"></span>ggregazi<span class=\"_ _1\"></span>one di beni, c.d. <span class=\"ff24\">cash gen<span class=\"_ _1\"></span>erating unit<span class=\"ff1f ls7\">).<span class=\"ls0\"> </span></span></span>Quando, su<span class=\"_ _1\"></span>ccessivamen<span class=\"_ _1\"></span>te, la <span class=\"_ _2\"></span>per<span class=\"_ _3\"></span>dita d<span class=\"_ _1\"></span>i va<span class=\"_ _1\"></span>lore di <span class=\"_ _1\"></span>un\u2019attivit<span class=\"_ _1\"></span>\u00e0 diversa <span class=\"_ _1\"></span>dall\u2019av<span class=\"_ _1\"></span>viamento <span class=\"_ _1\"></span>viene m<span class=\"_ _1\"></span>eno o <span class=\"_ _2\"></span>si<span class=\"_ _3\"></span> rid<span class=\"_ _1\"></span>uce, il valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>dell\u2019attivit\u00e0 <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _1\"></span>incrementato <span class=\"_ _2\"></span><span class=\"ff1f\">sino <span class=\"_ _1\"></span>alla <span class=\"_ _2\"></span>nuova <span class=\"_ _2\"></span>stima <span class=\"_ _2\"></span>del va<span class=\"_ _1\"></span>lore <span class=\"_ _2\"></span>recuperabile <span class=\"_ _2\"></span>e n<span class=\"_ _1\"></span>ei <span class=\"_ _2\"></span>limiti <span class=\"_ _1\"></span>del <span class=\"_ _2\"></span>valore </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>fosse <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>alcuna <span class=\"_ _3\"></span>perdita <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>riduzione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>degli eventuali ammor<span class=\"_ _1\"></span>tamenti. 16. Cr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>ltre<span class=\"_ _2\"></span> Att<span class=\"_ _1\"></span>ivit<span class=\"_ _2\"></span>\u00e0 fi<span class=\"_ _1\"></span>nanz<span class=\"_ _2\"></span>iarie I <span class=\"_ _3\"></span>crediti,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _e\"></span>eccezion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>dei <span class=\"_ _e\"></span>crediti <span class=\"_ _3\"></span>commerciali, <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span><span class=\"ls16\">le</span> <span class=\"_ _e\"></span>altre <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>inizialmente <span class=\"_ _11\"></span>rilevate <span class=\"_ _e\"></span><span class=\"ls4\">al</span> <span class=\"_ _3\"></span><span class=\"ff24\">fair </span>value<span class=\"ff1f\">, <span class=\"_ _11\"></span>oltre, <span class=\"_ _11\"></span>nel <span class=\"_ _11\"></span>solo <span class=\"_ _e\"></span><span class=\"ls4\">caso</span> <span class=\"_ _11\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _11\"></span><span class=\"ff22\">un\u2019attivit\u00e0</span> <span class=\"_ _e\"></span>finanziaria <span class=\"_ _11\"></span>classificata <span class=\"_ _11\"></span><span class=\"ls3\">al</span> <span class=\"_ _11\"></span></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _e\"></span><span class=\"ff1f\">con <span class=\"_ _a\"></span>v<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>az<span class=\"_ _1\"></span>io<span class=\"_ _2\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>im<span class=\"_ _2\"></span>put<span class=\"_ _2\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>co<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> </span>ec<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>omi<span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span> gli<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>es<span class=\"_ _2\"></span>so<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i di<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _1\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>is<span class=\"_ _2\"></span>izi<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> I cr<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>it<span class=\"_ _2\"></span>i com<span class=\"_ _2\"></span>mer<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>i al<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>rilevazione <span class=\"_ _3\"></span>iniziale <span class=\"_ _3\"></span>sono valutati <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>prezzo <span class=\"_ _2\"></span>stabilito <span class=\"_ _2\"></span>nell<span class=\"_ _1\"></span>\u2019operazione. <span class=\"_ _2\"></span>Il <span class=\"_ _2\"></span>management <span class=\"_ _2\"></span>deter<span class=\"_ _1\"></span>mina <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>classificazione <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>finanziar<span class=\"_ _1\"></span>ie secondo i criteri def<span class=\"_ _1\"></span>initi dal<span class=\"_ _1\"></span>l\u2019IFRS 9 e come r<span class=\"_ _1\"></span>ichiesto dall\u2019I<span class=\"_ _1\"></span>FRS 7 al momen<span class=\"_ _1\"></span>to della lo<span class=\"_ _1\"></span>ro prima iscri<span class=\"_ _1\"></span>zione.<span class=\"ff1f\"> </span>Successivamente <span class=\"_ _0\"></span>all\u2019iscrizione <span class=\"_ _2\"></span>iniziale, <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span><span class=\"ff1f\">attivit\u00e0 <span class=\"_ _2\"></span>f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>valu<span class=\"_ _1\"></span>tate <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>relaz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>alla <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>oro <span class=\"_ _2\"></span>classifica<span class=\"_ _1\"></span>zione </span>all\u2019interno di un<span class=\"_ _1\"></span>a delle segu<span class=\"_ _1\"></span>enti categorie:<span class=\"ff1f\"> </span><span class=\"ff1f fs7 fc0\">al <span class=\"_ _e\"></span>costo <span class=\"_ _e\"></span>ammortizz<span class=\"_ _1\"></span>ato: <span class=\"_ _e\"></span>la <span class=\"_ _3\"></span>valutazione <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>crediti <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>altre <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _e\"></span>finanziarie <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>effettuata <span class=\"_ _e\"></span>secondo <span class=\"ls16\">il</span> criterio <span class=\"_ _2\"></span>del </span>costo <span class=\"_ _e\"></span>ammortizzato, <span class=\"_ _e\"></span>rileva<span class=\"_ _1\"></span>ndo <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>conto <span class=\"_ _11\"></span>economico <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>interessi <span class=\"_ _e\"></span>calcolat<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>tasso <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>interesse <span class=\"_ _7\"></span>effettivo <span class=\"_ _7\"></span>ossia applicando <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>asso <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>rende nul<span class=\"_ _1\"></span>la <span class=\"_ _2\"></span>la <span class=\"_ _1\"></span>somma <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>valori <span class=\"_ _2\"></span>attuali <span class=\"_ _1\"></span>dei <span class=\"_ _2\"></span>flussi <span class=\"_ _2\"></span>di cas<span class=\"_ _1\"></span>sa <span class=\"_ _2\"></span>netti <span class=\"_ _1\"></span>generati <span class=\"_ _2\"></span>dallo <span class=\"_ _2\"></span>strumento finanziario. <span class=\"_ _12\"> </span>Le <span class=\"_ _a\"> </span>perdite <span class=\"_ _12\"> </span>sono <span class=\"_ _a\"> </span>iscritte <span class=\"_ _aa\"> </span>a <span class=\"_ _12\"> </span>conto <span class=\"_ _12\"> </span>econo<span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ico <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>mani<span class=\"_ _1\"></span>festarsi <span class=\"_ _a\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>perdi<span class=\"_ _1\"></span>te <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>quando <span class=\"_ _a\"> </span>i finanziamenti <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>crediti <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>contabilmen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>eliminati. <span class=\"_ _2\"></span>I <span class=\"_ _2\"></span>crediti <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>assoggettati <span class=\"_ _2\"></span>ad <span class=\"_ _2\"></span><span class=\"ff24\">impairment <span class=\"_ _2\"></span><span class=\"ff1f\">e <span class=\"_ _2\"></span>quindi <span class=\"_ _2\"></span>iscritti </span></span>al <span class=\"_ _11\"></span>valore <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>presumibile <span class=\"_ _e\"></span>realizzo <span class=\"_ _e\"></span>(<span class=\"ff24\">fair <span class=\"_ _e\"></span>value</span><span class=\"ls5\">),</span> <span class=\"_ _e\"></span>mediante <span class=\"_ _e\"></span><span class=\"ls2\">lo</span> <span class=\"_ _e\"></span>stanziamen<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>uno <span class=\"_ _e\"></span>specifico <span class=\"_ _e\"></span>fondo <span class=\"_ _e\"></span>svalutazione portato a diretta de<span class=\"_ _1\"></span>trazione <span class=\"_ _1\"></span>del valore del<span class=\"_ _1\"></span>l\u2019attivit\u00e0.<span class=\"ff1f\"> </span>I <span class=\"_ _1\"></span>cre<span class=\"_ _2\"></span>diti v<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span> sv<span class=\"_ _2\"></span>alut<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>i q<span class=\"_ _2\"></span>uand<span class=\"_ _2\"></span>o esis<span class=\"_ _2\"></span>te <span class=\"ls6\">una</span> <span class=\"_ _1\"></span>ind<span class=\"_ _1\"></span>ica<span class=\"_ _2\"></span>zion<span class=\"_ _2\"></span>e og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>ella<span class=\"_ _2\"></span> pro<span class=\"_ _1\"></span>ba<span class=\"_ _1\"></span>bil<span class=\"_ _2\"></span>e in<span class=\"_ _2\"></span>esigib<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 del <span class=\"_ _3\"></span>credito <span class=\"_ _3\"></span>ed <span class=\"_ _e\"></span>in base <span class=\"_ _11\"></span>all\u2019esperienza <span class=\"_ _11\"></span>storica, <span class=\"_ _11\"></span>ai <span class=\"_ _6\"></span>dati <span class=\"_ _11\"></span>statistici <span class=\"_ _e\"></span>alle <span class=\"_ _6\"></span>con<span class=\"ff1f\">dizioni <span class=\"_ _6\"></span>correnti <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>alle <span class=\"_ _6\"></span>previsi<span class=\"_ _1\"></span>oni <span class=\"_ _11\"></span>sulle <span class=\"_ _6\"></span>condizion<span class=\"_ _1\"></span>i <span class=\"_ _11\"></span>future </span>(<span class=\"ff24\">expected cred<span class=\"_ _1\"></span>it losses<span class=\"ff1f ls5\">).<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span></span>Qualora <span class=\"_ _6\"></span>nei <span class=\"_ _7\"></span>periodi <span class=\"_ _6\"></span>successiv<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>vengano <span class=\"_ _6\"></span>meno <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>otivazioni <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>precedenti <span class=\"_ _6\"></span>svalutazioni,<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>il <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>delle attivit\u00e0 <span class=\"_ _12\"> </span>v<span class=\"_ _1\"></span>iene <span class=\"_ _12\"> </span>ripris<span class=\"_ _1\"></span>tinato <span class=\"_ _12\"> </span>fino <span class=\"_ _a\"> </span>a <span class=\"_ _12\"> </span>concorrenza <span class=\"_ _a\"> </span>del <span class=\"_ _12\"> </span>valore <span class=\"_ _a\"> </span>che <span class=\"_\"> </span>sa<span class=\"_ _1\"></span>rebbe <span class=\"_ _12\"> </span>derivat<span class=\"_ _1\"></span>o <span class=\"_ _a\"> </span>dall\u2019applicazione <span class=\"_ _12\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>costo ammortizzato, <span class=\"_ _1\"></span>se non fosse <span class=\"_ _1\"></span>stata effettuata <span class=\"_ _1\"></span>la svalutazione. Il<span class=\"ls0\"> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>evidenzia <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>que<span class=\"_ _1\"></span>sta <span class=\"_ _2\"></span>categoria <span class=\"_ _2\"></span>pre<span class=\"_ _1\"></span>valentemen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>scaden<span class=\"_ _2\"></span>za<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>entro <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>dodici <span class=\"_ _2\"></span>mesi <span class=\"_ _2\"></span>iscr<span class=\"_ _1\"></span>itte <span class=\"_ _0\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>oro </span></span></span></span></span>valore <span class=\"_ _2\"></span>nominale, <span class=\"_ _2\"></span>quale <span class=\"_ _2\"></span>approssimazione <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>costo <span class=\"_ _2\"></span>ammortizzato. <span class=\"_ _2\"></span>Nel <span class=\"_ _2\"></span>caso in cui <span class=\"ls2\">il</span> paga<span class=\"_ _1\"></span>mento preveda <span class=\"_ _1\"></span>termini superiori <span class=\"_ _a\"> </span>alle <span class=\"_ _a\"> </span>normali <span class=\"_ _a\"> </span>condizioni <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>mercato <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span><span class=\"ls16\">il</span> <span class=\"_ _a\"> </span>credito <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>maturi <span class=\"_ _12\"> </span>interessi,<span class=\"_ _2\"></span> <span class=\"_\"> </span>si <span class=\"_ _12\"> </span>considera <span class=\"_ _12\"> </span>presente <span class=\"_ _12\"> </span>una componente <span class=\"_ _a\"> </span>finanzi<span class=\"_ _1\"></span>aria <span class=\"_ _a\"> </span>implicita <span class=\"_ _a\"> </span>nel <span class=\"_ _a\"></span>va<span class=\"_ _1\"></span>lore <span class=\"_ _a\"> </span>iscritto, <span class=\"_ _7\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>viene <span class=\"_ _a\"> </span>pertanto <span class=\"_ _a\"> </span>attualizzato, <span class=\"_ _7\"></span>addebitando <span class=\"_ _a\"> </span>a <span class=\"_ _a\"> </span>conto economico il <span class=\"_ _1\"></span>relativo scont<span class=\"_ _1\"></span>o. I <span class=\"_ _3\"></span>finanziamenti <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>crediti denominati <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>valuta <span class=\"_ _3\"></span>estera <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>convertiti <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>cambio <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>fine <span class=\"_ _e\"></span>esercizio<span class=\"_ _3\"></span> e gli uti<span class=\"_ _1\"></span>li o <span class=\"ls16\">le</span> perdite <span class=\"_ _2\"></span>derivanti <span class=\"_ _1\"></span><span class=\"ff22\">dal<span class=\"_ _1\"></span>l\u2019adeguamento<span class=\"ff1f\"> <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>imputati <span class=\"_ _2\"></span>a con<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>econo<span class=\"_ _2\"></span>mico.<span class=\"_ _2\"></span> </span></span><span class=\"ff1f fs7 fc0 ls4\">al<span class=\"ls0\"> <span class=\"_ _6\"></span><span class=\"ff24\">fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span></span>rilevato <span class=\"_ _6\"></span>nelle <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>componenti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>complessivo <span class=\"_ _11\"></span>(FVOCI): gli altri st<span class=\"_ _1\"></span>rumenti </span></span>di <span class=\"_ _3\"></span>capitale non correnti (ex <span class=\"_ _3\"></span><span class=\"ff24\">available for <span class=\"_ _3\"></span>sale</span>) sono <span class=\"_ _3\"></span>rilevati inizialmente <span class=\"_ _12\"> </span>al costo <span class=\"_ _3\"></span>(<span class=\"ff24\">fair value <span class=\"_ _3\"></span></span>del corrispettivo iniziale <span class=\"_ _3\"></span>dato i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>cambio) <span class=\"_ _3\"></span>incrementato degli <span class=\"_ _3\"></span>eventuali <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>transazione <span class=\"_ _3\"></span>direttamente attribuibili <span class=\"_ _3\"></span>agli <span class=\"_ _3\"></span>stessi. Il <span class=\"_\"> </span>Gruppo<span class=\"_ _1\"></span>, <span class=\"_\"> </span>no<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>essendo <span class=\"_\"> </span>o<span class=\"_ _1\"></span>perativo <span class=\"_\"> </span>n<span class=\"_ _2\"></span>el <span class=\"_\"> </span>trading <span class=\"_\"> </span>azion<span class=\"_ _1\"></span>ario, <span class=\"_\"> </span>h<span class=\"_ _2\"></span>a <span class=\"_\"> </span>adottato <span class=\"_ _12\"> </span>l\u2019opzione <span class=\"_\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_\"> </span>p<span class=\"_ _1\"></span>resentare <span class=\"_ _12\"> </span>nelle <span class=\"_\"> </span>altr<span class=\"_ _1\"></span>e componenti <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>mplessivo <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>successive <span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ariazioni <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff22\">dell\u2019investiment<span class=\"_ _1\"></span>o. <span class=\"_ _2\"></span>Pertant<span class=\"_ _1\"></span>o </span></span>solo <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span>videndi <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>rilevati <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>meno <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>appresen<span class=\"_ _1\"></span>tino <span class=\"_ _7\"></span>chiaramente <span class=\"_ _a\"> </span>un <span class=\"_ _a\"> </span>rimborso dell\u2019investimento. L<span class=\"_ _1\"></span>e variazioni di <span class=\"ff24\">fair value <span class=\"ff1f\">e eventu<span class=\"_ _1\"></span>ali plusvalenze e <span class=\"_ _1\"></span>minusvalenze in fase d<span class=\"_ _1\"></span>i cessione degl<span class=\"_ _1\"></span>i </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>complessi<span class=\"_ _1\"></span>vo e <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>transitano mai <span class=\"_ _3\"></span>dal conto <span class=\"_ _2\"></span>economico. <span class=\"_ _1\"></span>Poich\u00e9 <span class=\"_ _2\"></span>tale <span class=\"_ _2\"></span>opzione <span class=\"_ _1\"></span>pu\u00f2 <span class=\"_ _2\"></span>essere <span class=\"_ _1\"></span>esercitata <span class=\"_ _2\"></span>investimento <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>investimento, <span class=\"_ _2\"></span>eventuali <span class=\"_ _2\"></span>eccezioni in fase di prima <span class=\"_ _1\"></span>iscrizione verr<span class=\"_ _1\"></span>anno evidenz<span class=\"_ _1\"></span>iate nella nota d<span class=\"_ _1\"></span>i commento a<span class=\"_ _1\"></span>lla voce. Tutti <span class=\"_ _12\"> </span>g<span class=\"_ _1\"></span>li <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>nvestimen<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span><span class=\"ls2\">in</span> <span class=\"_ _a\"> </span>strumen<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span>rappr<span class=\"_ _1\"></span>esentativi <span class=\"_ _a\"> </span><span class=\"ls6\">di</span> <span class=\"_ _12\"> </span>capitale <span class=\"_ _a\"> </span>devono <span class=\"_ _12\"> </span><span class=\"ls4\">es</span>sere <span class=\"_ _a\"> </span>valutati <span class=\"_ _12\"> </span>a<span class=\"_ _1\"></span>l <span class=\"ff24\">fair value</span>. In caso di <span class=\"_ _3\"></span>tit<span class=\"_ _3\"></span>oli <span class=\"_ _3\"></span>negoziati <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ercati <span class=\"_ _3\"></span>attivi, <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _3\"></span></span>\u00e8 <span class=\"_ _3\"></span>determinato <span class=\"_ _3\"></span>facendo <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>alla <span class=\"_ _e\"></span>quotazion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>rilevata <span class=\"_ _e\"></span>al termine delle negoz<span class=\"_ _1\"></span>iazioni <span class=\"_ _1\"></span>del giorno di ch<span class=\"_ _1\"></span>iusura <span class=\"ff22\">de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _2\"></span>eserci<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>io.<span class=\"_ _2\"></span><span class=\"ff1f\"> </span></span>Per gli i<span class=\"_ _3\"></span>nvestimen<span class=\"_ _1\"></span>ti per i<span class=\"_ _3\"></span> quali non es<span class=\"_ _3\"></span>iste un mercato attivo, il <span class=\"_ _e\"></span><span class=\"ff24\">fair value </span>\u00e8 <span class=\"_ _3\"></span>determinato in funzione <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>prezzo di <span class=\"_ _2\"></span>transaz<span class=\"_ _1\"></span>ioni <span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ecenti <span class=\"_ _0\"></span>fra <span class=\"_ _2\"></span>parti <span class=\"_ _2\"></span>ind<span class=\"_ _1\"></span>ipendenti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>s<span class=\"_ _1\"></span>trumenti <span class=\"_ _0\"></span>sostanzialmente s<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>i, <span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>util<span class=\"_ _2\"></span>izzan<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ecn<span class=\"_ _1\"></span>ich<span class=\"_ _2\"></span>e </span></span>di <span class=\"_ _7\"></span>val<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>qua<span class=\"_ _1\"></span>li <span class=\"_ _6\"></span><span class=\"ls3\">ad</span> <span class=\"_ _7\"></span>ese<span class=\"_ _2\"></span>mpio <span class=\"_ _6\"></span>valu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>red<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>ua<span class=\"_ _2\"></span>li <span class=\"_ _a\"> </span>o <span class=\"_ _a\"> </span>basate <span class=\"_ _a\"> </span>sull\u2019analisi <span class=\"_ _a\"> </span>dei <span class=\"_ _a\"> </span>flussi <span class=\"_ _a\"> </span>finanziari <span class=\"_ _a\"> </span>attua<span class=\"_ _1\"></span>lizzati (<span class=\"ff24\">Discounted Cash Flow<span class=\"_ _2\"></span><span class=\"ff1f ls5\">).<span class=\"ls0\"> </span></span></span>Limitatamente <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>poche <span class=\"_ _3\"></span>circostanze, <span class=\"_ _e\"></span>tuttavi<span class=\"_ _1\"></span>a, <span class=\"_ _e\"></span>il <span class=\"_ _3\"></span>costo <span class=\"_ _e\"></span>pu\u00f2 <span class=\"_ _e\"></span>rappresen<span class=\"_ _1\"></span>tare <span class=\"_ _e\"></span>una <span class=\"_ _3\"></span>stima <span class=\"_ _e\"></span>adeguat<span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _e\"></span></span>se, per esempio, le pi\u00f9 recenti informa<span class=\"_ _1\"></span>zioni disponibi<span class=\"_ _1\"></span>li per valutare il <span class=\"ff24\">fair value </span>sono insufficienti, oppur<span class=\"_ _1\"></span>e se vi \u00e8 un\u2019ampia gamma di possibili<span class=\"_ _1\"></span> val<span class=\"ff1f\">utazioni del <span class=\"ff24\">fair value</span>. Il costo non \u00e8 mai la migliore stima del <span class=\"ff24\">fair value </span>per </span>gli investimen<span class=\"_ _1\"></span>ti in strument<span class=\"_ _1\"></span>i rappresentativ<span class=\"_ _1\"></span>i di capitale <span class=\"_ _1\"></span>quotati. Dal <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>Gruppo non <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _3\"></span>operativo <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>trading <span class=\"_ _3\"></span>azionario, <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>altri strumenti <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>capitale<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>corrent<span class=\"_ _e\"></span><span class=\"ls16\">i </span>sono costituiti dagli i<span class=\"_ _3\"></span>nvestimen<span class=\"_ _1\"></span>ti in <span class=\"_ _3\"></span>strumenti rappresenta<span class=\"_ _1\"></span>tivi del <span class=\"_ _3\"></span>capitale inferiori al 20% nei <span class=\"_ _3\"></span>quali il <span class=\"_ _3\"></span>Gruppo non esercita un\u2019in<span class=\"_ _1\"></span>fluenza significa<span class=\"_ _1\"></span>tiva.<span class=\"ff1f\"> </span>al <span class=\"_ _12\"> </span><span class=\"ff24\">fair <span class=\"_ _a\"> </span>value <span class=\"_ _a\"> </span><span class=\"ff22\">rilevato <span class=\"_ _a\"> </span>nel <span class=\"_ _a\"> </span>risultato <span class=\"_ _a\"> </span>dell\u2019esercizio <span class=\"_ _a\"> </span>(FVTPL): <span class=\"_ _a\"> </span>la <span class=\"_ _a\"> </span>valutazione <span class=\"_ _a\"> </span>delle <span class=\"_ _a\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span></span></span>fin<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>iari<span class=\"_ _1\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>che<span class=\"_ _1\"></span> <span class=\"_ _7\"></span><span class=\"ls48\">al</span> mom<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>della<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ril<span class=\"_ _1\"></span>ev<span class=\"_ _2\"></span>azion<span class=\"_ _1\"></span>e <span class=\"_ _11\"></span>inizia<span class=\"_ _2\"></span>le <span class=\"_ _6\"></span>son<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>val<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>tate<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls48\">al</span> <span class=\"_ _7\"></span><span class=\"ff24\">fai<span class=\"_ _2\"></span>r <span class=\"_ _6\"></span>value<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ff1f\">con<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>vari<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>imputate <span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>conto <span class=\"_ _11\"></span>economico <span class=\"_ _11\"></span>\u00e8 </span></span>determinata facendo <span class=\"_ _1\"></span>riferim<span class=\"_ _1\"></span>ento <span class=\"ls4\">al</span> valore di <span class=\"_ _1\"></span>mercato alla data<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>chiusura <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>peri<span class=\"_ _1\"></span>odo <span class=\"_ _e\"></span>oggetto <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>rilevazione; nel <span class=\"_ _12\"> </span>caso <span class=\"_\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>strumenti <span class=\"_ _12\"> </span>non <span class=\"_\"> </span>quot<span class=\"_ _1\"></span>ati <span class=\"_ _12\"> </span>lo <span class=\"_\"> </span>s<span class=\"_ _1\"></span>tesso <span class=\"_ _12\"> </span>\u00e8 <span class=\"_\"> </span>de<span class=\"_ _1\"></span>terminato<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>attraverso <span class=\"_ _12\"> </span>tecniche <span class=\"_ _12\"> </span>finanziarie <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>valutazione generalmente <span class=\"_ _2\"></span>accettate e <span class=\"_ _2\"></span>basate <span class=\"_ _2\"></span>su dati <span class=\"_ _2\"></span>di mercat<span class=\"_ _1\"></span>o. <span class=\"_ _1\"></span>Gli <span class=\"_ _2\"></span>utili e <span class=\"_ _2\"></span>le perdite <span class=\"_ _2\"></span>derivanti <span class=\"_ _1\"></span>dalla <span class=\"_ _2\"></span>valutazione al <span class=\"_ _2\"></span><span class=\"ff24\">fair value </span>relativi <span class=\"_ _11\"></span>alle<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _11\"></span>classificate <span class=\"_ _e\"></span><span class=\"ls2\">in</span> <span class=\"_ _e\"></span>questa <span class=\"_ _e\"></span>ca<span class=\"_ _3\"></span>tegoria <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>iscritti <span class=\"_ _11\"></span>a <span class=\"_ _e\"></span>conto <span class=\"_ _11\"></span>economico. <span class=\"_ _e\"></span><span class=\"ls15\">Al</span> <span class=\"_ _11\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _11\"></span>2022 <span class=\"_ _11\"></span><span class=\"ls2\">il</span> Gruppo non detie<span class=\"_ _1\"></span>ne attivit\u00e0 finanz<span class=\"_ _1\"></span>iarie, che al <span class=\"_ _1\"></span>moment<span class=\"_ _1\"></span>o della rilevazio<span class=\"_ _1\"></span>ne iniziale sono va<span class=\"_ _1\"></span>lutate al <span class=\"ff24\">fair value</span>. 17. R<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>ze<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> ma<span class=\"_ _2\"></span>gazzi<span class=\"_ _1\"></span>no Le <span class=\"_ _2\"></span>rimanenze<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>alutate <span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>minore <span class=\"_ _2\"></span>tra <span class=\"_ _0\"></span>il <span class=\"_ _2\"></span>costo <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>cquisto <span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>produ<span class=\"_ _1\"></span>zione <span class=\"_ _0\"></span>comprensivo <span class=\"_ _2\"></span>degli <span class=\"_ _11\"></span>oneri <span class=\"_ _11\"></span>accessori di <span class=\"_ _a\"> </span>diretta <span class=\"_ _a\"> </span>imputazione,<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>netto <span class=\"_ _a\"> </span>degli <span class=\"_ _a\"> </span>sconti <span class=\"_ _a\"> </span>e <span class=\"_ _a\"> </span>abbuoni, <span class=\"_ _a\"> </span>calcolato co<span class=\"_ _1\"></span>n il metodo <span class=\"_ _1\"></span>del costo med<span class=\"_ _1\"></span>io ponderato,<span class=\"_ _2\"></span> ed <span class=\"_ _e\"></span>il <span class=\"_ _11\"></span>valore <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>presumibil<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>realizzo <span class=\"_ _11\"></span>desumibi<span class=\"_ _1\"></span>le <span class=\"_ _e\"></span>dall\u2019andamento <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>mercato. <span class=\"_ _e\"></span>Il <span class=\"_ _11\"></span>valore <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>presumib<span class=\"_ _1\"></span>ile <span class=\"_ _e\"></span>realizzo viene calcolato tenendo conto dei prezzi di mercato, degli eventuali costi di produ<span class=\"_ _1\"></span>zione ancora da sostenere e dei <span class=\"_\"> </span>costi <span class=\"_\"> </span>diretti <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>vendita. <span class=\"_ _12\"> </span><span class=\"ls7\">Il</span> <span class=\"_ _a\"> </span>valore<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>delle <span class=\"_ _12\"> </span>rimanen<span class=\"_ _1\"></span>ze <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"> </span>ret<span class=\"_ _3\"></span>tificato <span class=\"_ _a\"> </span>tramite <span class=\"_ _a\"> </span><span class=\"ff22\">l\u2019iscrizione</span> <span class=\"_ _12\"> </span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span>specifico <span class=\"_ _12\"> </span>fondo svalutazione pe<span class=\"_ _1\"></span>r tenere con<span class=\"_ _1\"></span>to di fenomeni <span class=\"_ _1\"></span>di lento rig<span class=\"_ _1\"></span>iro e obsolescenza. 18. D<span class=\"_ _2\"></span>ispon<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>lit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _2\"></span>liqu<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>mez<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>len<span class=\"_ _1\"></span>ti La<span class=\"ls0\"> vo<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span> co<span class=\"_ _2\"></span>mpre<span class=\"_ _1\"></span>nde<span class=\"_ _2\"></span> <span class=\"ls16\">il</span> <span class=\"_ _1\"></span>den<span class=\"_ _2\"></span>aro <span class=\"_ _1\"></span><span class=\"ls16\">in<span class=\"ls0\"> c<span class=\"_ _1\"></span>as<span class=\"_ _2\"></span>sa, <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>dep<span class=\"_ _2\"></span>ositi<span class=\"_ _2\"></span> ban<span class=\"_ _1\"></span>car<span class=\"_ _2\"></span>i a<span class=\"_ _1\"></span> vi<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span><span class=\"ls3\">ed<span class=\"ls0\"> <span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>tri i<span class=\"_ _1\"></span>nv<span class=\"_ _1\"></span>es<span class=\"_ _2\"></span>timen<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>fin<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>iari <span class=\"_ _1\"></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 sono soggetti <span class=\"_ _3\"></span>ad un <span class=\"_ _3\"></span>rischio non <span class=\"_ _e\"></span>significativo<span class=\"_ _1\"></span> di variazione di va<span class=\"_ _1\"></span>lore. Sono iscritti <span class=\"ls4\">al</span> valore no<span class=\"_ _2\"></span>min<span class=\"_ _1\"></span>ale<span class=\"_ _1\"></span>. 19. P<span class=\"_ _2\"></span>atri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span> ne<span class=\"_ _2\"></span>tto Az<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ni <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>opr<span class=\"_ _1\"></span>ie Sono <span class=\"_ _11\"></span>valutate <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>il <span class=\"_ _11\"></span>metodo <span class=\"_ _e\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>costo <span class=\"_ _11\"></span>storico <span class=\"_ _11\"></span>ed <span class=\"_ _11\"></span>iscritte <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>diminuzione <span class=\"_ _11\"></span>tra <span class=\"_ _11\"></span>le <span class=\"_ _11\"></span>voci <span class=\"_ _11\"></span>del <span class=\"_ _6\"></span>patrimonio <span class=\"_ _e\"></span>netto. <span class=\"_ _11\"></span>Il risultato derivant<span class=\"_ _1\"></span>e da succe<span class=\"_ _1\"></span>ssive vendi<span class=\"_ _1\"></span>te viene rilevato <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span>rettamente co<span class=\"_ _1\"></span>me movime<span class=\"_ _1\"></span>nto di patrimonio netto. Div<span class=\"_ _2\"></span>idend<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>ist<span class=\"_ _2\"></span>ribui<span class=\"_ _1\"></span>ti I <span class=\"_\"> </span>dividend<span class=\"_ _1\"></span>i <span class=\"_\"> </span>p<span class=\"_ _1\"></span>agabili <span class=\"_ _12\"> </span>sono <span class=\"_ _12\"> </span>rappresentati <span class=\"_\"> </span>com<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>movimento <span class=\"_\"> </span>di <span class=\"_\"> </span>patri<span class=\"_ _1\"></span>monio <span class=\"_\"> </span>n<span class=\"_ _1\"></span>etto <span class=\"_ _12\"> </span>nell\u2019esercizio <span class=\"_ _12\"> </span>in<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>cui <span class=\"_\"> </span>so<span class=\"_ _1\"></span>no approvati <span class=\"_ _2\"></span><span class=\"ff22\">dall\u2019Ass<span class=\"_ _1\"></span>emblea<span class=\"ff1f\"> <span class=\"_ _2\"></span>degl<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>Azionisti <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>da<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span>Consiglio <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Am<span class=\"_ _1\"></span>ministrazione <span class=\"_ _0\"></span>nel <span class=\"_ _2\"></span>caso <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>acconto <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>divide<span class=\"_ _1\"></span>ndo </span></span>ai sensi dell\u2019art<span class=\"_ _1\"></span>icolo 2433-bis del Cod<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ce Civile.<span class=\"_ _1\"></span> 20. B<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ef<span class=\"_ _2\"></span>ici <span class=\"_ _2\"></span>ai <span class=\"_ _2\"></span>dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti <span class=\"_ _2\"></span>s<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>l r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>ort<span class=\"_ _2\"></span>o di l<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>o Il <span class=\"_ _e\"></span>trattamento <span class=\"_ _11\"></span>di <span class=\"_ _e\"></span>fine <span class=\"_ _11\"></span>rapporto <span class=\"_ _e\"></span>(TFR), <span class=\"_ _11\"></span>obbligato<span class=\"ff22\">rio <span class=\"_ _11\"></span>per <span class=\"_ _e\"></span>le <span class=\"_ _11\"></span>imprese <span class=\"_ _e\"></span>italiane <span class=\"_ _11\"></span>ai <span class=\"_ _e\"></span>sensi <span class=\"_ _11\"></span>dell\u2019art. <span class=\"_ _e\"></span>2120 <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>Codice </span>Civile, ha <span class=\"_ _3\"></span>natura <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>retribuzione differita <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>correlato alla <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>vita <span class=\"_ _e\"></span>lavorativa<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>dei dipendenti <span class=\"_ _3\"></span><span class=\"ls4\">ed</span> <span class=\"_ _3\"></span>alla retribuzione <span class=\"_ _2\"></span>percepita <span class=\"_ _2\"></span>nel periodo <span class=\"_ _2\"></span>di se<span class=\"_ _1\"></span>rvizio <span class=\"_ _2\"></span>prestato. I<span class=\"_ _2\"></span>l Trattamento <span class=\"_ _2\"></span>di f<span class=\"_ _1\"></span>ine <span class=\"_ _1\"></span>rapporto <span class=\"_ _2\"></span>delle soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _2\"></span>italiane con<span class=\"_ _1\"></span> almeno <span class=\"_ _a\"> </span>50 <span class=\"_ _12\"> </span>d<span class=\"_ _1\"></span>ipendenti <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"> </span>da <span class=\"_ _a\"> </span>considerarsi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>piano <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>benefici <span class=\"_ _6\"></span>definiti <span class=\"_ _11\"></span>esclusivamente <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"ls2\">le</span> <span class=\"_ _6\"></span>quote <span class=\"_ _11\"></span>m<span class=\"_ _3\"></span>aturate anteriormente <span class=\"_ _2\"></span>al 1\u00b0 <span class=\"_ _2\"></span>gennaio <span class=\"_ _1\"></span>2007 <span class=\"_ _1\"></span>(e non <span class=\"_ _2\"></span>ancora <span class=\"_ _1\"></span>liquidat<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>alla da<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>bilancio<span class=\"_ _1\"></span>), me<span class=\"_ _1\"></span>ntre <span class=\"_ _1\"></span>successivamente <span class=\"_ _f\"> </span>a tale data <span class=\"_ _12\"> </span>esso <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _12\"> </span>assimil<span class=\"_ _1\"></span>abile <span class=\"_ _12\"> </span>a<span class=\"_ _1\"></span>d <span class=\"_ _a\"> </span>un <span class=\"_ _12\"> </span>piano <span class=\"_ _12\"> </span>a <span class=\"_ _a\"> </span>contribuzione <span class=\"_ _a\"> </span>definita. <span class=\"_ _12\"> </span>Per <span class=\"_ _a\"> </span>le <span class=\"_ _12\"> </span>societ\u00e0 <span class=\"_ _a\"> </span>italiane <span class=\"_ _a\"> </span>aventi<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>meno <span class=\"_ _12\"> </span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span><span class=\"ls6\">50<span class=\"_ _3\"></span></span> dipendenti, <span class=\"ls16\">il</span> <span class=\"_ _e\"></span>Tratta<span class=\"_ _1\"></span>mento di <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>rapporto <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>un piano <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>benefici <span class=\"_ _3\"></span>definiti. <span class=\"_ _3\"></span>Tutti <span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>piani <span class=\"_ _3\"></span>a <span class=\"_ _3\"></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<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>finanziarie, \u00e8 <span class=\"_ _3\"></span>affidato <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>attuari professionisti <span class=\"_ _11\"></span>esterni. <span class=\"_ _11\"></span>Per <span class=\"_ _11\"></span>effetto <span class=\"_ _11\"></span>dell\u2019Emendamento <span class=\"_ _11\"></span>allo <span class=\"_ _6\"></span>IAS <span class=\"_ _e\"></span>19 <span class=\"_ _7\"> </span><span class=\"ff1f\">- <span class=\"_ _11\"></span><span class=\"ff24\">Benefici <span class=\"_ _6\"></span>ai <span class=\"_ _11\"></span>dipendenti <span class=\"_ _11\"></span></span><span class=\"ls2\">il</span> <span class=\"_ _11\"></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 l<span class=\"_ _3\"></span>avorativa e <span class=\"_ _e\"></span>gli 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=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o,<span class=\"_ _1\"></span> men<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>re <span class=\"ff22\">l\u2019<span class=\"_ _1\"></span>isc<span class=\"_ _2\"></span>rizi<span class=\"_ _2\"></span>one<span class=\"ff1f\"> de<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span> uti<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> e per<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span> attu<span class=\"_ _2\"></span>arial<span class=\"_ _1\"></span>i che<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>der<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>ano<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>dal<span class=\"_ _1\"></span>la <span class=\"ls7\">ri</span>-<span class=\"_ _2\"></span>misura<span class=\"_ _2\"></span>zion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _e\"></span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _3\"></span>e </span></span>delle attivit\u00e0 sono <span class=\"_ _1\"></span>rilevate n<span class=\"_ _1\"></span>el prospetto d<span class=\"_ _1\"></span>i conto economi<span class=\"_ _1\"></span>co complessivo<span class=\"_ _1\"></span>. 21. F<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>i r<span class=\"_ _2\"></span>ischi <span class=\"_ _2\"></span>ed one<span class=\"_ _2\"></span>ri I <span class=\"_ _e\"></span>fondi <span class=\"_ _3\"></span>rischi <span class=\"_ _e\"></span><span class=\"ls4\">ed</span> <span class=\"_ _3\"></span>oneri <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>iscritti <span class=\"_ _e\"></span><span class=\"ls16\">in</span> <span class=\"_ _e\"></span>bilancio <span class=\"_ _3\"></span>quando <span class=\"_ _e\"></span><span class=\"ls2\">il</span> <span class=\"_ _3\"></span>Gruppo <span class=\"_ _e\"></span><span class=\"ls6\">ha</span> <span class=\"_ _e\"></span>un\u2019obbligaz<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>egale <span class=\"_ _3\"></span>o <span class=\"_ _11\"></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=\"_ _5\"> </span>passato <span class=\"_ _4\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _5\"> </span>\u00e8 <span class=\"_ _5\"> </span>probabile <span class=\"_ _4\"> </span>che <span class=\"_ _5\"> </span>sar\u00e0 <span class=\"_ _5\"> </span>richiesto <span class=\"_ _4\"> </span>di <span class=\"_ _5\"> </span>adempiere <span class=\"_ _5\"> </span>all\u2019obbligazione. <span class=\"_ _5\"> </span>Gli accantonament<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>rilevati <span class=\"_ _3\"></span>sul<span class=\"ff22\">la <span class=\"_ _e\"></span>base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>miglior <span class=\"_ _e\"></span>stima <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>costi <span class=\"_ _e\"></span>richiesti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>adempiere <span class=\"_ _3\"></span>all\u2019obbligazione </span>alla data di bilanci<span class=\"_ _1\"></span>o, e sono att<span class=\"_ _1\"></span>ualizzati quando <span class=\"_ _1\"></span>l\u2019effett<span class=\"_ _1\"></span>o \u00e8 significativo. 22. De<span class=\"_ _1\"></span>bit<span class=\"_ _2\"></span>i ed<span class=\"_ _1\"></span> altr<span class=\"_ _2\"></span>e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _2\"></span>\u00e0 I <span class=\"_ _1\"></span>\u201cDebiti <span class=\"_ _2\"></span>e altre<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>passivit\u00e0\u201d <span class=\"_ _2\"></span>comprendono <span class=\"_ _2\"></span>i debi<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>comm<span class=\"_ _1\"></span>erciali, <span class=\"_ _2\"></span>i debiti<span class=\"ff1f\"> <span class=\"_ _2\"></span>fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>debiti vers<span class=\"_ _1\"></span>o ba<span class=\"_ _2\"></span>nche nonch\u00e9 </span>le altre passiv<span class=\"_ _1\"></span>it\u00e0. I <span class=\"_ _6\"></span>debiti <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>inizialmente <span class=\"_ _6\"></span>rilevati <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span><span class=\"ff24\">fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span></span>che <span class=\"_ _6\"></span>sostanzialmente <span class=\"_ _6\"></span>coincide <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>importi incassati <span class=\"_ _11\"></span>o <span class=\"_ _11\"></span>da <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>ncassare <span class=\"_ _e\"></span>al <span class=\"_ _6\"></span>netto <span class=\"_ _11\"></span>dei <span class=\"_ _11\"></span>costi <span class=\"_ _11\"></span>dell\u2019operazione. <span class=\"_ _11\"></span>Il <span class=\"_ _11\"></span>management <span class=\"_ _11\"></span>determin<span class=\"ff1f\">a <span class=\"_ _e\"></span><span class=\"ls2\">la</span> <span class=\"_ _e\"></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=\"_ _3\"></span>cr<span class=\"_ _3\"></span>iteri <span class=\"_ _3\"></span>definiti <span class=\"_ _3\"></span><span class=\"ff22\">dall\u2019<span class=\"_ _3\"></span>IFRS</span> 9 <span class=\"_ _3\"></span><span class=\"ff22\">e <span class=\"_ _11\"></span>ri<span class=\"_ _3\"></span>presi <span class=\"_ _e\"></span>dall\u2019IFRS <span class=\"_ _e\"></span>7 <span class=\"_ _11\"></span>al <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>omento <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>loro <span class=\"_ _11\"></span>prima </span>iscrizione. Successivamente <span class=\"_ _2\"></span>all\u2019iscrizione <span class=\"_ _2\"></span>iniziale, <span class=\"_ _2\"></span>i deb<span class=\"_ _1\"></span>iti <span class=\"_ _2\"></span>e le <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _2\"></span>sono va<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>utati <span class=\"_ _2\"></span>in rel<span class=\"_ _1\"></span>azione <span class=\"_ _2\"></span>alla lo<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>clas<span class=\"_ _3\"></span><span class=\"ff1f\">sificazione </span>all\u2019interno di una delle cate<span class=\"_ _1\"></span>gorie, definite dall\u2019 IFR<span class=\"_ _1\"></span>S 9. In particolare, il <span class=\"ff1f\">Gru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span><span class=\"ls6\">ha<span class=\"ls0\"> <span class=\"_ _2\"></span>cl<span class=\"_ _1\"></span>ass<span class=\"_ _2\"></span>ifica<span class=\"_ _1\"></span>to <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>prop<span class=\"_ _1\"></span>ri <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>iti <span class=\"_ _0\"></span>e </span></span></span>le<span class=\"ls0\"> <span class=\"_ _0\"></span>altre<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>ass<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _0\"></span>nell<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ria <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>el <span class=\"_ _0\"></span>co<span class=\"_ _1\"></span>sto<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>am<span class=\"_ _1\"></span>mor<span class=\"_ _2\"></span>tizza<span class=\"_ _2\"></span>to, <span class=\"_ _2\"></span>ad <span class=\"_ _2\"></span>eccezione <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>strumenti <span class=\"_ _2\"></span>derivati <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>quali <span class=\"_ _1\"></span>si <span class=\"_ _2\"></span>rinvia </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=\"_ _2\"></span>dallo s<span class=\"_ _1\"></span>trumento <span class=\"_ _2\"></span>finanziario. <span class=\"_ _2\"></span>Nel <span class=\"_ _1\"></span>caso <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>strumenti <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>scadenza <span class=\"_ _1\"></span>entro <span class=\"_ _2\"></span>i dod<span class=\"_ _1\"></span>ici <span class=\"_ _2\"></span>mesi \u00e8 <span class=\"_ _2\"></span>adottato <span class=\"_ _2\"></span>il va<span class=\"_ _1\"></span>lore nominale come app<span class=\"_ _1\"></span>rossimazione<span class=\"_ _1\"></span> del costo ammo<span class=\"_ _1\"></span>rtizzato. Qualora <span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>contratti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>finanziamento <span class=\"_ _0\"></span>prevedano <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span><span class=\"ff24\">cove<span class=\"_ _1\"></span>nants <span class=\"_ _2\"></span><span class=\"ff1f\">e <span class=\"_ _2\"></span><span class=\"ls49\">si<span class=\"ls0\"> <span class=\"_ _2\"></span>ver<span class=\"_ _1\"></span>ifichi <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>man<span class=\"_ _1\"></span>cato <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>ispetto degli <span class=\"_ _2\"></span>stessi, <span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>tale </span></span></span></span></span></span></span></span>situazione <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>venga <span class=\"_ _2\"></span>sanata <span class=\"_ _2\"></span>prima d<span class=\"_ _1\"></span>ella <span class=\"_ _2\"></span>chiusura <span class=\"_ _2\"></span><span class=\"ff22\">dell\u2019esercizio,<span class=\"ff1f\"> <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> quo<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>a <span class=\"_ _2\"></span>a lungo termine di <span class=\"_ _1\"></span>tale finanziamento </span></span></span></span>viene classific<span class=\"_ _1\"></span>ata come deb<span class=\"_ _1\"></span>ito corrente. I <span class=\"_ _3\"></span>debi<span class=\"_ _3\"></span>ti <span class=\"_ _e\"></span>denominati <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>valuta <span class=\"_ _e\"></span>estera <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>allineati <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>ca<span class=\"_ _1\"></span>mbio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>fine <span class=\"_ _3\"></span>esercizio <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>utili <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>perdite <span class=\"_ _3\"></span>derivanti dall\u2019adeguamento <span class=\"_ _1\"></span>sono imp<span class=\"_ _1\"></span>utati a conto e<span class=\"_ _1\"></span>conomico. 23. Pa<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span> co<span class=\"_ _2\"></span>ntratt<span class=\"_ _2\"></span>i di <span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>caz<span class=\"_ _2\"></span>ione Rappresentano <span class=\"ls16\">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 dovuti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls2\">il</span> <span class=\"_ _3\"></span>leasing <span class=\"_ _3\"></span>(aventi <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>superiore <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>dodici <span class=\"_ _3\"></span>mesi <span class=\"_ _3\"></span>ed un importo non d<span class=\"_ _1\"></span>i modesto valo<span class=\"_ _1\"></span>re), valutat<span class=\"_ _1\"></span>i alla data di<span class=\"_ _1\"></span> decorrenza d<span class=\"_ _1\"></span>el contrat<span class=\"_ _1\"></span>to e non ancora ve<span class=\"_ _1\"></span>rsati alla d<span class=\"_ _1\"></span>ata di bilancio. 24. St<span class=\"_ _2\"></span>rument<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri <span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vat<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> I <span class=\"_ _3\"></span>der<span class=\"_ _3\"></span>ivati <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>classif<span class=\"_ _1\"></span>icati <span class=\"_ _3\"></span>nella <span class=\"_ _e\"></span>categoria <span class=\"_ _e\"></span>\u201cDerivati <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>copertura\u201d <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>soddisfano <span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>requisiti <span class=\"_ _e\"></span>per<span class=\"ff1f\"> <span class=\"_ _3\"></span></span>l\u2019applicazione<span class=\"ff1f\"> </span>del c.<span class=\"_ _1\"></span>d. <span class=\"_ _1\"></span><span class=\"ff24\">hedge <span class=\"_ _2\"></span>accounting<span class=\"ff1f\">, a<span class=\"_ _1\"></span>ltrimenti, <span class=\"_ _2\"></span>pur essendo <span class=\"_ _2\"></span>effettuati <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ntento <span class=\"_ _2\"></span><span class=\"ff22\">di <span class=\"_ _3\"></span>gestione dell\u2019e<span class=\"_ _1\"></span>sposizione al rischio, </span></span></span>sono rilevati co<span class=\"_ _1\"></span>me \u201cDerivati non d<span class=\"_ _1\"></span>i copertura\u201d.<span class=\"ff1f\"> </span>Coerentemente <span class=\"_ _a\"> </span>con <span class=\"_ _a\"> </span>quanto<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>consentito <span class=\"_ _a\"> </span>dall\u2019IFRS <span class=\"_ _a\"> </span>9, <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>l <span class=\"_ _a\"> </span>Gruppo <span class=\"_ _a\"> </span>si <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _12\"> </span>avvals<span class=\"_ _1\"></span>o <span class=\"_ _a\"> </span>dell\u2019opzione <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>continuare <span class=\"_ _a\"> </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\u2019<span class=\"_ _3\"></span><span class=\"ff24\">hedge accounting <span class=\"_ _3\"></span><span class=\"ff1f\">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=\"_ _e\"></span>gli <span class=\"_ _e\"></span>strumenti <span class=\"_ _e\"></span>finanziari <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>contabilizza<span class=\"_ _1\"></span>ti <span class=\"_ _e\"></span>secondo <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>modalit\u00e0 <span class=\"_ _e\"></span>adottate <span class=\"_ _e\"></span>dal <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>l\u2019<span class=\"_ _e\"></span><span class=\"ff24\">hedge<span class=\"_ _2\"></span> </span>accounting<span class=\"ff1f\">, <span class=\"_ _11\"></span>solo <span class=\"_ _6\"></span>quando <span class=\"_ _11\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>relazione tra <span class=\"_ _3\"></span><span class=\"ls16\">il</span> <span class=\"_ _3\"></span>derivato <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span><span class=\"ff22\">l\u2019oggetto</span> <span class=\"_ _3\"></span>della copertura \u00e8 <span class=\"_ _e\"></span>formal<span class=\"_ _1\"></span>mente documentata <span class=\"_ _3\"></span>e </span>l\u2019efficacia de<span class=\"_ _1\"></span>lla copertura \u00e8<span class=\"_ _1\"></span> elevata (c.d. tes<span class=\"_ _1\"></span>t di efficac<span class=\"_ _1\"></span>ia).<span class=\"ff1f\"> </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>periodica<span class=\"_ _1\"></span>mente, 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=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>misurata <span class=\"_ _1\"></span>comparando <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>variazioni </span></span>di <span class=\"_ _3\"></span><span class=\"ff24\">fair <span class=\"_ _3\"></span>value </span>dello strumento <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>copertura con <span class=\"_ _3\"></span>quelle <span class=\"_ _11\"></span><span class=\"ff22\">de<span class=\"_ _1\"></span>ll\u2019e<span class=\"_ _2\"></span>leme<span class=\"_ _1\"></span>nto<span class=\"_ _2\"></span><span class=\"ff1f\"> <span class=\"_ _e\"></span>co<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>ert<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>(<span class=\"ff24\">dol<span class=\"_ _2\"></span>lar offse<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>meth<span class=\"_ _1\"></span>od<span class=\"_ _2\"></span><span class=\"ff1f\">) <span class=\"_ _3\"></span>per <span class=\"ls4d\">il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>tes<span class=\"_ _1\"></span>t <span class=\"_ _3\"></span><span class=\"ls1\">di</span> </span></span></span></span>eff<span class=\"_ _1\"></span>ica<span class=\"_ _2\"></span>cia re<span class=\"_ _2\"></span>trosp<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ttic<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>; <span class=\"ls16\">la<span class=\"_ _1\"></span><span class=\"ls0\"> meto<span class=\"_ _2\"></span>dolog<span class=\"_ _2\"></span>ia <span class=\"_ _3\"></span>applicata <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls2\">lo</span> <span class=\"_ _e\"></span>svolgimen<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>del t<span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>efficacia <span class=\"_ _e\"></span>prospettico prevede <span class=\"_ _e\"></span><span class=\"ls16\">la</span> </span></span>costruzione <span class=\"_ _12\"> </span>dei <span class=\"_ _12\"> </span><span class=\"ff24\">cash <span class=\"_ _12\"> </span>flow <span class=\"_ _6\"></span></span>scontati <span class=\"_ _7\"></span>aggregata <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>anno <span class=\"_ _7\"></span>dello <span class=\"_ _7\"></span>strumento <span class=\"_ _6\"></span>coperto <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>derivato <span class=\"_ _6\"></span>designato <span class=\"_ _7\"></span>a copertura (metodo<span class=\"_ _1\"></span> della regression<span class=\"_ _1\"></span>e). Quando <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>derivati <span class=\"_ _0\"></span>di <span class=\"_ _2\"></span>copertu<span class=\"_ _1\"></span>ra <span class=\"_ _2\"></span>coprono <span class=\"_ _0\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _0\"></span>rischio <span class=\"_ _2\"></span>di <span class=\"_ _0\"></span>variazione <span class=\"_ _0\"></span>del <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>va<span class=\"_ _1\"></span>lue <span class=\"_ _0\"></span><span class=\"ff1f\">degli <span class=\"_ _2\"></span>strumenti <span class=\"_ _2\"></span>og<span class=\"_ _1\"></span>getto <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>cop<span class=\"_ _1\"></span>ertura </span></span></span></span>(<span class=\"ff24\">fair value h<span class=\"_ _2\"></span>edge<span class=\"ff1f ls5\">),<span class=\"ls0\"> i der<span class=\"_ _1\"></span>ivati sono <span class=\"_ _2\"></span>rilevati <span class=\"ls4\">al</span> <span class=\"ff24\">fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff1f\">con impu<span class=\"_ _1\"></span>tazione degli <span class=\"_ _1\"></span>effetti a conto e<span class=\"_ _1\"></span>conomico. </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=\"_ _12\"> </span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _11\"></span>copertura <span class=\"_ _e\"></span>(cash flow hedge<span class=\"ff1f ls5\">),<span class=\"ls0\"> <span class=\"ls2\">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=\"ff1f\">dei <span class=\"_ _3\"></span>derivati <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _6\"></span>rilevata <span class=\"_ _e\"></span><span class=\"ls2\">tra</span> <span class=\"_ _6\"></span><span class=\"ls2\">le</span> <span class=\"_ _11\"></span>componenti <span class=\"_ _11\"></span>di <span class=\"_ _11\"></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=\"_ _e\"></span>di <span class=\"_\"> </span>coper<span class=\"_ _1\"></span>tura <span class=\"_ _12\"> </span>dei <span class=\"_\"> </span>flussi <span class=\"_ _12\"> </span>finanziari. <span class=\"_ _12\"> </span><span class=\"ls8\">La</span> <span class=\"_\"> </span>parte <span class=\"_ _12\"> </span>inefficace delle <span class=\"_ _e\"></span>variazioni <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _3\"></span></span>dello<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>strumento<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>finanziario <span class=\"_ _2\"></span>derivato<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>viene <span class=\"_ _2\"></span>rilevata <span class=\"_ _2\"></span>immediata<span class=\"_ _1\"></span>mente <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>risultato d\u2019esercizio. <span class=\"_ _2\"></span>Qua<span class=\"_ _1\"></span>lora <span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span><span class=\"ff1f\">strumento <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>rivato <span class=\"_ _2\"></span>sia <span class=\"_ _2\"></span>cedu<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>qual<span class=\"_ _1\"></span>ifichi <span class=\"_ _2\"></span>pi\u00f9 <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>fficace <span class=\"_ _2\"></span>copert<span class=\"_ _1\"></span>ura <span class=\"_ _6\"></span>dal <span class=\"_ _2\"></span>rischio </span>a <span class=\"_ _12\"> </span>front<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>d<span class=\"_ _1\"></span>el <span class=\"_ _a\"> </span>quale <span class=\"_ _12\"> </span>l\u2019oper<span class=\"_ _1\"></span>azione <span class=\"_ _a\"> </span>era <span class=\"_ _a\"> </span>stata <span class=\"_ _12\"> </span>accesa, <span class=\"_ _a\"> </span>o <span class=\"_ _a\"> </span>il <span class=\"_ _12\"> </span>verificarsi<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>della <span class=\"_ _12\"> </span>operazio<span class=\"_ _1\"></span>ne <span class=\"_ _12\"> </span>so<span class=\"_ _1\"></span>ttostante <span class=\"_ _a\"> </span>non <span class=\"_ _12\"> </span>s<span class=\"_ _1\"></span>ia <span class=\"_ _a\"> </span>pi\u00f9 considerata <span class=\"_ _3\"></span>altamente <span class=\"_ _e\"></span>probabile, <span class=\"_ _3\"></span>la <span class=\"_ _e\"></span>quota <span class=\"_ _e\"></span>della <span class=\"_ _3\"></span>riserva <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span><span class=\"ff24\">cash <span class=\"_ _e\"></span>flow <span class=\"_ _e\"></span>hedge <span class=\"_ _3\"></span></span>a <span class=\"_ _e\"></span>es<span class=\"_ _3\"></span>so <span class=\"_ _3\"></span>relativa <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>immediata<span class=\"_ _1\"></span>mente riversata a conto <span class=\"_ _1\"></span>economic<span class=\"_ _1\"></span>o. Indipendentemente <span class=\"_ _11\"></span>dal <span class=\"_ _11\"></span>tipo <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>classificazione <span class=\"_ _11\"></span>gli <span class=\"_ _6\"></span>strumenti <span class=\"_ _11\"></span>derivati <span class=\"_ _11\"></span>sono <span class=\"_ _6\"></span>valutati <span class=\"_ _11\"></span>al <span class=\"_ _7\"></span><span class=\"ff24\">fair <span class=\"_ _6\"></span>value</span>, <span class=\"_ _11\"></span>determinato<span class=\"_ _1\"></span> mediante <span class=\"_ _a\"></span>tecniche <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>valutazione <span class=\"_ _a\"> </span>basa<span class=\"_ _1\"></span>te <span class=\"_ _a\"> </span>su <span class=\"_ _a\"> </span>dati <span class=\"_ _a\"></span>di <span class=\"_ _7\"></span>m<span class=\"_ _3\"></span>ercato, <span class=\"_ _a\"> </span>quali, <span class=\"_ _7\"></span>fra <span class=\"_ _a\"> </span>le <span class=\"_ _a\"> </span>altre, <span class=\"_ _6\"></span><span class=\"ls2\">il</span> <span class=\"_ _11\"></span><span class=\"ff24\">discounted <span class=\"_ _11\"></span>cash <span class=\"_ _11\"></span>flow</span>, <span class=\"_ _11\"></span><span class=\"ls16\">la</span> metodologia <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>assi <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>cambio <span class=\"_ _2\"></span><span class=\"ff24\">forward<span class=\"ff1f\">, <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _0\"></span>formula <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>Black- Scholes e sue ev<span class=\"_ _1\"></span>oluzioni). </span></span></span></span></span></span></span></span>In<span class=\"ls0\"> <span class=\"_ _11\"></span>par<span class=\"_ _1\"></span>tico<span class=\"_ _2\"></span>lare,<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>tale<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>dete<span class=\"_ _1\"></span>rmin<span class=\"_ _2\"></span>ato <span class=\"_ _e\"></span>avv<span class=\"_ _2\"></span>alend<span class=\"_ _1\"></span>os<span class=\"_ _2\"></span>i <span class=\"_ _11\"></span><span class=\"ls6\">di</span> <span class=\"_ _11\"></span>app<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>iti <span class=\"_ _e\"></span>str<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls6\">di</span> <span class=\"_ _11\"></span><span class=\"ff24\">pric<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>g <span class=\"_ _11\"></span><span class=\"ff1f\">alime<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>ati <span class=\"_ _6\"></span>sulla <span class=\"_ _11\"></span>base <span class=\"_ _11\"></span>dei </span></span></span>parametri <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>mercato <span class=\"_ _3\"></span>(i.e. <span class=\"_ _3\"></span>tassi<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>interesse, <span class=\"_ _3\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _e\"></span>camb<span class=\"_ _1\"></span>io <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>volatilit\u00e0), <span class=\"_ _3\"></span>rilevati <span class=\"_ _e\"></span>alle <span class=\"_ _e\"></span>singole <span class=\"_ _e\"></span>date <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>valutazione <span class=\"_ _e\"></span>e confrontati con quan<span class=\"_ _1\"></span>to comunicato d<span class=\"_ _1\"></span>alle contropa<span class=\"_ _1\"></span>rti. 26. C<span class=\"_ _2\"></span>onve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>ione<span class=\"_ _2\"></span> del<span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>post<span class=\"_ _2\"></span>e in <span class=\"_ _2\"></span>valuta Le <span class=\"_ _2\"></span>transazioni <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>valuta <span class=\"_ _2\"></span>estera <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>rilevate <span class=\"_ _2\"></span>inizialmen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>cambio <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>essere <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>data <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>transazione. Le <span class=\"_ _2\"></span>atti<span class=\"_ _3\"></span>vit\u00e0 <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _2\"></span>monetarie, <span class=\"_ _2\"></span>denominate <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>valuta <span class=\"_ _2\"></span>estera, <span class=\"_ _2\"></span>sono r<span class=\"_ _1\"></span>iconvertite <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>tasso di <span class=\"_ _2\"></span>cambio <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>essere <span class=\"_ _2\"></span>alla data di chiusura de<span class=\"_ _1\"></span>l bilancio. Le<span class=\"ls0\"> <span class=\"_ _11\"></span>poste <span class=\"_ _11\"></span>non <span class=\"_ _11\"></span>monetarie <span class=\"_ _11\"></span>valuta<span class=\"ls2\">te</span> <span class=\"_ _e\"></span><span class=\"ls4\">al</span> <span class=\"_ _11\"></span>costo <span class=\"_ _11\"></span>storico <span class=\"_ _11\"></span><span class=\"ls2\">in</span> <span class=\"_ _11\"></span>valuta <span class=\"_ _11\"></span>estera <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>convertite <span class=\"_ _11\"></span>usando i tas<span class=\"_ _1\"></span>si di cam<span class=\"_ _1\"></span>bio in<span class=\"_ _1\"></span> </span>vigore <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>data <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>iniziale <span class=\"_ _2\"></span>rilevazione <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _2\"></span>transazione. <span class=\"_ _2\"></span>Le <span class=\"_ _2\"></span>poste <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>monetari<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>iscritte <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>equo <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>valuta estera sono conve<span class=\"_ _1\"></span>rtite usan<span class=\"_ _1\"></span>do il tasso di cam<span class=\"_ _1\"></span>bio alla da<span class=\"_ _1\"></span>ta di determinazione di<span class=\"_ _1\"></span> tale valore. Qualora <span class=\"_ _2\"></span>sia stata <span class=\"_ _2\"></span>istituita <span class=\"_ _2\"></span>una <span class=\"_ _1\"></span>designata <span class=\"_ _2\"></span>relazione <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>copertura <span class=\"ls6\">di</span> <span class=\"_ _2\"></span><span class=\"ff24\">f<span class=\"_ _3\"></span>air <span class=\"_ _2\"></span>value <span class=\"ff1f\">t<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>uno <span class=\"_ _2\"></span>strumento <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>copertura <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>un </span></span>elemento <span class=\"_ _12\"> </span>coperto <span class=\"_\"> </span>in <span class=\"_ _12\"> </span>valuta, <span class=\"_\"> </span>si <span class=\"_ _12\"> </span>applica <span class=\"_\"> </span>i<span class=\"_ _1\"></span>l <span class=\"_\"> </span>tra<span class=\"_ _1\"></span>ttamento <span class=\"_ _12\"> </span>per <span class=\"_\"> </span>gli <span class=\"_ _12\"> </span>strumenti <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>copertura <span class=\"_ _12\"> </span>indicato <span class=\"_\"> </span>ne<span class=\"_ _1\"></span>lla <span class=\"_ _16\"> </span>voce \u201cStrumenti finan<span class=\"_ _1\"></span>ziari derivati\u201d.<span class=\"ff1f\"> </span>I <span class=\"_ _0\"></span>bila<span class=\"_ _2\"></span>nci <span class=\"_ _0\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>con<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>est<span class=\"_ _2\"></span>ere <span class=\"_ _0\"></span>espre<span class=\"_ _1\"></span>ss<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>valu<span class=\"_ _2\"></span>ta <span class=\"_ _0\"></span>dive<span class=\"_ _2\"></span>rsa <span class=\"_ _0\"></span><span class=\"ff22\">dal<span class=\"_ _1\"></span>l\u2019eu<span class=\"_ _2\"></span>ro,<span class=\"ff1f\"> <span class=\"_ _0\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>sede<span class=\"_ _1\"></span> <span class=\"_ _0\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>conso<span class=\"_ _2\"></span>lid<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>vengono <span class=\"_ _2\"></span>conver<span class=\"_ _1\"></span>titi </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=\"ls2\">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=\"_ _e\"></span>le <span class=\"_ _11\"></span>componenti <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>reddito <span class=\"_ _e\"></span>del <span class=\"_ _11\"></span>conto economico <span class=\"_ _7\"> </span>il <span class=\"_ _a\"> </span>camb<span class=\"_ _1\"></span>io <span class=\"_ _7\"> </span>medio <span class=\"_ _7\"> </span>dell\u2019esercizio. <span class=\"_ _7\"> </span>Le <span class=\"_ _a\"> </span>differe<span class=\"_ _1\"></span>nze <span class=\"_ _7\"> </span>cambio<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _6\"></span>risultanti <span class=\"_ _7\"></span>vengono <span class=\"_ _6\"></span>iscritte <span class=\"_ _6\"></span><span class=\"ls16\">in</span> <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>ri<span class=\"_ _3\"></span>serva </span>separata <span class=\"_ _1\"></span>di pa<span class=\"_ _1\"></span>trimonio <span class=\"_ _2\"></span>denominata R<span class=\"_ _1\"></span>iserva di Conver<span class=\"_ _1\"></span>sione. 14. I<span class=\"_ _2\"></span>nforma<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span> di<span class=\"_ _2\"></span> settor<span class=\"_ _2\"></span>e P<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>ig<span class=\"_ _2\"></span>li<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>mp<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span>ns<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ne<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>l\u2019a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>ame<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>nom<span class=\"_ _2\"></span>ic<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ss<span class=\"_ _2\"></span>ib<span class=\"_ _1\"></span>il<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"ff1f\">nc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tr<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span><span class=\"ff22\">l\u2019analisi<span class=\"ff1f\"> <span class=\"_ _2\"></span>sui <span class=\"_ _2\"></span>risultati </span></span></span>conseguiti <span class=\"ff22\">nell\u2019ese<span class=\"_ _1\"></span>rcizio<span class=\"ff1f\"> a live<span class=\"_ _1\"></span>llo dei singo<span class=\"_ _1\"></span>li principali settor<span class=\"_ _1\"></span>i <span class=\"ls6\">di</span> attivit\u00e0, che sono stati identificati, in accordo </span></span>con quanto <span class=\"_ _3\"></span>previsto <span class=\"_ _3\"></span>dall\u2019IFRS 8 <span class=\"_ _3\"></span><span class=\"ff1f\">- <span class=\"_ _3\"></span><span class=\"ff24\">Segmenti <span class=\"_ _3\"></span>operativi</span>, sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>reportistica interna <span class=\"_ _3\"></span>che \u00e8 <span class=\"_ _3\"></span>regolarmente </span>rivista dal man<span class=\"_ _1\"></span>agement. 40. R<span class=\"_ _2\"></span>apport<span class=\"_ _2\"></span>i con<span class=\"_ _1\"></span> pa<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>i c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>late<span class=\"_ _1\"></span> In <span class=\"_ _1\"></span>adempimento <span class=\"_ _2\"></span>a qua<span class=\"_ _1\"></span>nto <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ichiesto <span class=\"_ _2\"></span>con co<span class=\"_ _1\"></span>municazione <span class=\"_ _2\"></span>Consob a<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>sensi dell\u2019a<span class=\"_ _1\"></span>rticolo <span class=\"_ _2\"></span>114, comma<span class=\"ff1f\"> <span class=\"_ _0\"></span>5, <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _0\"></span><span class=\"ls15\">D.<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>Lgs. </span></span></span>n.58/98, protocollo <span class=\"_ _3\"></span>numero 13046378 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>27 <span class=\"_ _3\"></span>maggio <span class=\"_ _3\"></span>2013, <span class=\"ls33\">si</span> <span class=\"_ _3\"></span>riportano <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>nota <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>rapporti <span class=\"_ _7\"></span>verso <span class=\"_ _6\"></span>parti correlate del Gruppo<span class=\"_ _1\"></span>. Le<span class=\"ls0\"> proc<span class=\"_ _1\"></span>edure <span class=\"_ _1\"></span>adottate <span class=\"_ _2\"></span>dal Gruppo <span class=\"_ _2\"></span>per <span class=\"ls2\">le</span> <span class=\"_ _2\"></span>operazioni <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>par<span class=\"_ _3\"></span>ti co<span class=\"_ _1\"></span>rrelate, <span class=\"_ _2\"></span><span class=\"ls4\">ai<span class=\"ls0\"> fini <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> assi<span class=\"_ _1\"></span>curarne la trasparenza e la </span></span></span></span></span>correttezza <span class=\"_ _3\"></span>sostanziale <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>procedural<span class=\"_ _1\"></span>e, <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>informativa <span class=\"_ _e\"></span><span class=\"ff22\">nella <span class=\"_ _3\"></span>\u201cRelazione</span> sul <span class=\"_ _3\"></span>Governo Societario e gli <span class=\"_ _6\"></span>Assetti <span class=\"_ _6\"></span><span class=\"ff22\">Proprietari\u201d</span> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>consultabili <span class=\"_ _6\"></span>sul <span class=\"_ _6\"></span>sito <span class=\"_ _6\"></span>della <span class=\"_ _a\"></span>socie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"> </span>nella <span class=\"_ _7\"></span>sezione<span class=\"_ _1\"></span> Corporate Governan<span class=\"_ _1\"></span>ce<span class=\"ff1f\">. </span>Le <span class=\"_ _2\"></span>operazioni <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>parti <span class=\"_ _2\"></span>correlate <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>maggiore <span class=\"_ _2\"></span>rilevanza <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>riservate <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>competenza <span class=\"_ _2\"></span>esclusiva <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Consiglio di <span class=\"_ _12\"> </span>Amministrazione <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>possono <span class=\"_ _12\"> </span>formare <span class=\"_ _12\"> </span>oggetto <span class=\"_ _12\"> </span><span class=\"ls6\">di</span> <span class=\"_\"> </span>delega. Tali operazioni, cos\u00ec come <span class=\"_ _3\"></span>anche talune <span class=\"_ _3\"></span>di quelle <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minore <span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>ilevanza,<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>sottoposte <span class=\"_ _7\"></span>al <span class=\"_ _a\"></span>preven<span class=\"_ _1\"></span>tivo <span class=\"_ _7\"></span>parere <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Comitato <span class=\"_ _7\"></span>per <span class=\"_ _a\"></span>le <span class=\"_ _6\"></span>operazioni <span class=\"_ _7\"></span>con <span class=\"_ _a\"> </span>par<span class=\"_ _1\"></span>ti correlate ivi previ<span class=\"_ _1\"></span>sto. Sono state identif<span class=\"_ _1\"></span>icate come par<span class=\"_ _1\"></span>ti cor<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span>late:<span class=\"_ _2\"></span> <span class=\"ff1f fs7 fc0 ls2\">le<span class=\"ls0\"> <span class=\"_ _11\"></span>entit\u00e0 <span class=\"_ _e\"></span>controllanti <span class=\"_ _e\"></span>dirette <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>indirette <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>Cairo <span class=\"_ _e\"></span>Communication <span class=\"_ _e\"></span>S.p.A., <span class=\"_ _e\"></span></span>le<span class=\"ls0\"> <span class=\"_ _11\"></span>loro <span class=\"_ _e\"></span>controllate, <span class=\"_ _e\"></span>le <span class=\"_ _7\"></span>collegate <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>e </span></span>consociate <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>Gruppo, <span class=\"_ _3\"></span>cos\u00ec <span class=\"_ _e\"></span>come r<span class=\"_ _3\"></span>iportato <span class=\"_ _3\"></span>nell\u2019elenco <span class=\"_ _3\"></span>allegato <span class=\"_ _e\"></span>alla <span class=\"_ _3\"></span>presente <span class=\"_ _e\"></span>R<span class=\"_ _1\"></span>elazione <span class=\"_ _3\"></span>Finanziaria <span class=\"_ _3\"></span>Annuale (\u201cElenco <span class=\"_\"> </span>partec<span class=\"ff1f\">ipazioni <span class=\"_\"> </span>di <span class=\"_ _16\"> </span>Gruppo <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>31 <span class=\"_ _16\"> </span>dicembre <span class=\"_\"> </span>2022</span>\u201d). <span class=\"_ _16\"> </span>La <span class=\"_ _16\"> </span>controllante <span class=\"_\"> </span>ultima <span class=\"_\"> </span>del<span class=\"_ _3\"></span> <span class=\"_\"> </span>Gruppo <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>U.T. Communication<span class=\"_ _1\"></span>s S.p.A.; I livelli sono dis<span class=\"_ _1\"></span>tinti in: <span class=\"ff1f fs7 fc0\">Livello 1: Pr<span class=\"_ _1\"></span>ezzi quotat<span class=\"_ _1\"></span>i (non rettificati) su<span class=\"_ _1\"></span>i merca<span class=\"_ _1\"></span>ti attivi per a<span class=\"_ _1\"></span>ttivit\u00e0 o pass<span class=\"_ _1\"></span>ivit\u00e0 id<span class=\"_ _2\"></span>entich<span class=\"_ _2\"></span>e; </span><span class=\"ff1f fs7 fc0\">Livello 2: Dati <span class=\"_ _3\"></span><span class=\"ls6\">di</span> input <span class=\"_ _3\"></span>diversi dai prezzi quotati (di cui <span class=\"ls3\">al</span> livello 1) osservabili per <span class=\"ff22\">l\u2019attivit\u00e0 o la passivit\u00e0 sia </span></span>direttamente (co<span class=\"_ _1\"></span>me nel caso dei p<span class=\"_ _1\"></span>rezzi) sia <span class=\"_ _1\"></span>indirettame<span class=\"_ _1\"></span>nte (cio\u00e8 in qua<span class=\"_ _1\"></span>nto derivati dai p<span class=\"_ _1\"></span>rezzi); Livello 3: Dati di input r<span class=\"_ _1\"></span>elativi all\u2019att<span class=\"_ _1\"></span>ivit\u00e0 o alla pass<span class=\"_ _1\"></span>ivit\u00e0 non bas<span class=\"_ _1\"></span>ati su dati d<span class=\"_ _1\"></span>i mercato osse<span class=\"_ _2\"></span>rvab<span class=\"_ _1\"></span>ili.<span class=\"_ _2\"></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=\"ls16\">il</span> risultato ope<span class=\"_ _1\"></span>rativo \u00e8 <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ettificato dag<span class=\"_ _1\"></span>li effe<span class=\"_ _1\"></span>tti delle op<span class=\"_ _2\"></span>erazioni di natu<span class=\"_ _1\"></span>ra non monetar<span class=\"_ _1\"></span>ia, da qualsiasi differ<span class=\"_ _1\"></span>imento o accantonamento di precedenti o futuri i<span class=\"_ _3\"></span>ncassi o pagamenti operativi e da <span class=\"_ _3\"></span>elementi di ricavi o <span class=\"_ _3\"></span>costi connessi con <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>flussi <span class=\"_ _11\"></span>finanziari <span class=\"_ _6\"></span>derivanti <span class=\"_ _11\"></span>dall\u2019<span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _11\"></span>d\u2019investimento <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>finanziar<span class=\"_ _1\"></span>ia. <span class=\"_ _6\"></span>I <span class=\"_ _11\"></span>pr<span class=\"_ _3\"></span>oventi <span class=\"_ _11\"></span>e <span class=\"_ _6\"> </span>gli <span class=\"_ _6\"> </span>oneri <span class=\"_ _6\"></span>relativi <span class=\"_ _11\"></span>alle operazioni <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>f<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>nz<span class=\"_ _2\"></span>iamen<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>med<span class=\"_ _2\"></span>io/lun<span class=\"_ _2\"></span>go <span class=\"_ _6\"></span>ter<span class=\"_ _2\"></span>mine<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ls48\">ed</span> <span class=\"_ _7\"></span><span class=\"ls3\">ai</span> <span class=\"_ _6\"></span>relat<span class=\"_ _2\"></span>ivi <span class=\"_ _6\"></span>st<span class=\"_ _1\"></span>rum<span class=\"_ _2\"></span>enti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ls6\">di</span> <span class=\"_ _6\"></span>cope<span class=\"_ _1\"></span>rtu<span class=\"_ _2\"></span>ra, <span class=\"_ _6\"></span>non<span class=\"_ _2\"></span>ch\u00e9 <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>di<span class=\"_ _1\"></span>vid<span class=\"_ _2\"></span>endi<span class=\"_ _1\"></span> corrisposti <span class=\"_ _7\"> </span>sono <span class=\"_ _a\"> </span>inclusi <span class=\"_ _a\"> </span>nell<span class=\"_ _1\"></span>\u2019attivit\u00e0 <span class=\"_ _a\"> </span>di <span class=\"_ _7\"> </span>finanziamento. <span class=\"_ _7\"> </span>I <span class=\"_ _a\"> </span>pagamenti <span class=\"_ _a\"> </span>relativi <span class=\"_ _a\"> </span>al<span class=\"_ _1\"></span>le <span class=\"_ _a\"></span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"> </span>per <span class=\"_ _7\"></span>leasing <span class=\"_ _a\"> </span>sono compresi nei <span class=\"_ _1\"></span>flussi della ge<span class=\"_ _1\"></span>stione finanz<span class=\"_ _1\"></span>iaria. ",
   "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=\"_ _2\"></span>rea <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>dam<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>o Nel corso del 2022 <span class=\"_ _1\"></span>il perimetro di <span class=\"_ _1\"></span>consolidato ha <span class=\"_ _1\"></span>subito le segue<span class=\"_ _1\"></span>nti modifiche<span class=\"_ _1\"></span>:  la <span class=\"_\"> </span>societ<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _12\"> </span>controllata <span class=\"_ _12\"> </span>Cairo <span class=\"_\"> </span>Pubbl<span class=\"_ _1\"></span>icit\u00e0 <span class=\"_ _12\"> </span>S.p.A., <span class=\"_ _12\"> </span>in <span class=\"_\"> </span>precede<span class=\"_ _1\"></span>nza <span class=\"_ _12\"> </span>consolidata <span class=\"_ _12\"> </span>integralmente<span class=\"_ _1\"></span>, <span class=\"_\"> </span>\u00e8 <span class=\"_ _12\"> </span>stata <span class=\"_ _12\"> </span>fusa <span class=\"_\"> </span>p<span class=\"_ _1\"></span>er incorporazione in Ca<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ro Comm<span class=\"_ _1\"></span>unication S.p.A.,<span class=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">sono state costituite e cons<span class=\"_ _1\"></span>olidate <span class=\"_ _1\"></span>integralmente le segu<span class=\"_ _1\"></span>enti societ\u00e0 </span>\u2212<span class=\"ff27\"> <span class=\"_ _1c9\"> </span><span class=\"ff1f\">Unidad Editorial<span class=\"_ _1\"></span> Sports&amp;E<span class=\"_ _1\"></span>vents S.L.U. </span></span>\u2212<span class=\"ff27\"> <span class=\"_ _1c9\"> </span><span class=\"ff1f\">Ecomozione 5D S.L.<span class=\"_ _1\"></span> </span></span>\u2212<span class=\"ff27\"> <span class=\"_ _1c9\"> </span><span class=\"ff1f\">Emoxione S.r.l.<span class=\"_ _1\"></span> </span></span><span class=\"ff1f fs7 fc0\">sono <span class=\"_ _11\"></span>state <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>noltre <span class=\"_ _11\"></span>fuse <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>incorporazione <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _e\"></span>Logintegral <span class=\"_ _11\"></span>2000 <span class=\"_ _11\"></span>S.A.U. <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>Unidad <span class=\"_ _6\"></span>Editorial <span class=\"_ _11\"></span>S.A. <span class=\"_ _11\"></span>e <span class=\"_ _6\"></span>la </span>societ\u00e0 <span class=\"_ _2\"></span>RCS <span class=\"_ _1\"></span>Edizioni<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>Locali <span class=\"_ _1\"></span>S.r.l. <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>RCS <span class=\"_ _2\"></span>MediaGroup <span class=\"_ _2\"></span>S.p.A. <span class=\"_ _2\"></span>Entrambe que<span class=\"_ _1\"></span>ste <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _2\"></span>erano <span class=\"_ _2\"></span>precedentemente consolidate integ<span class=\"_ _1\"></span>ralmente. 5. P<span class=\"_ _2\"></span>rinc<span class=\"_ _1\"></span>ipi<span class=\"_ _1\"></span> di<span class=\"_ _2\"></span> cons<span class=\"_ _2\"></span>olidame<span class=\"_ _2\"></span>nto I <span class=\"_ _2\"></span>risultati eco<span class=\"_ _2\"></span>nomici de<span class=\"_ _1\"></span>lle <span class=\"_ _2\"></span>imprese <span class=\"_ _1\"></span>controllate <span class=\"_ _2\"></span>acquisite <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>ce<span class=\"_ _3\"></span>dute <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>corso <span class=\"ff22\">de<span class=\"_ _1\"></span>ll\u2019esercizio<span class=\"ff1f\"> <span class=\"_ _2\"></span>sono <span class=\"_ _3\"></span>inclusi <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>conto </span></span>economico <span class=\"_ _2\"></span>consolidat<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>dalla <span class=\"_ _2\"></span>data <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>cui <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>ottie<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>controllo <span class=\"_ _2\"></span>fino <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>data <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>cui <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>esercita pi\u00f9 il controllo <span class=\"_ _1\"></span>sulle societ\u00e0<span class=\"_ _1\"></span>. Le<span class=\"ls0\"> <span class=\"_ _6\"></span>imprese <span class=\"_ _6\"></span>sulle <span class=\"_ _6\"></span>quali <span class=\"_ _6\"></span><span class=\"ls33\">si</span> <span class=\"_ _6\"></span>esercita <span class=\"_ _6\"></span><span class=\"ls6\">un</span> <span class=\"_ _7\"></span>controllo <span class=\"_ _11\"></span>congiunto <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>soci, <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span><span class=\"ls16\">le<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>collegate <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>comunque </span>sottoposte <span class=\"_ _7\"></span>ad <span class=\"_ _a\"> </span>influenza <span class=\"_ _7\"></span>notevole <span class=\"_ _7\"></span>sono <span class=\"_ _a\"></span>sta<span class=\"_ _1\"></span>te <span class=\"_ _7\"></span>consolidate <span class=\"_ _a\"></span>con <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _a\"></span>meto<span class=\"_ _1\"></span>do <span class=\"_ _7\"></span>del <span class=\"_ _a\"> </span>patrimonio <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>ai <span class=\"_ _a\"> </span>sensi <span class=\"_ _7\"></span>delle disposizioni conte<span class=\"_ _1\"></span>nute nell\u2019<span class=\"_ _1\"></span>IFRS 11.<span class=\"ff1f\"> </span>I <span class=\"_ _a\"> </span>principi <span class=\"_ _a\"> </span>contabili <span class=\"_ _a\"> </span>adottati <span class=\"_ _a\"> </span>sono <span class=\"_ _a\"> </span>omogenei <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span><span class=\"ls16\">le<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>societ\u00e0 <span class=\"_ _a\"> </span>incluse <span class=\"_ _a\"> </span>nel <span class=\"_ _12\"> </span>conso<span class=\"_ _1\"></span>lidato <span class=\"_ _a\"> </span>e <span class=\"_ _a\"> </span><span class=\"ls16\">le</span> <span class=\"_ _12\"> </span>relat<span class=\"_ _1\"></span>ive <span class=\"_\"> </span>situaz<span class=\"_ _1\"></span>ioni economiche pat<span class=\"_ _1\"></span>rimoniali so<span class=\"_ _1\"></span>no tutte redat<span class=\"_ _1\"></span>te al 31 dice<span class=\"_ _1\"></span>mbre 2022. Qualora <span class=\"_ _2\"></span>necessario, <span class=\"_ _2\"></span>sono <span class=\"_ _1\"></span>effet<span class=\"_ _1\"></span>tuate <span class=\"_ _2\"></span>rettifiche <span class=\"_ _2\"></span><span class=\"ls3\">ai<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>bilanci <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>imprese <span class=\"_ _2\"></span>controllate <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>allineare i <span class=\"_ _e\"></span>criteri contabili </span></span>utilizzati a quell<span class=\"_ _1\"></span>i adottati da<span class=\"_ _1\"></span>l Gruppo. Il <span class=\"_ _2\"></span>consolidamento <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>bilanci d<span class=\"_ _1\"></span>elle <span class=\"_ _2\"></span>imprese <span class=\"_ _2\"></span>controllate <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>stato <span class=\"_ _1\"></span>effettuato <span class=\"_ _2\"></span>secondo <span class=\"_ _1\"></span>il <span class=\"_ _2\"></span>metodo <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>consolida<span class=\"_ _1\"></span>mento integrale, assumendo <span class=\"_ _3\"></span>l\u2019intero <span class=\"_ _3\"></span>importo delle <span class=\"_ _3\"></span>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=\"ff1f\"> e <span class=\"_ _1\"></span>dei ricavi <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>singole societ\u00e0, </span>prescindendo <span class=\"_ _7\"></span>dalle <span class=\"_ _7\"></span>quote <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>partecipazione <span class=\"_ _7\"></span>possedute, <span class=\"_ _a\"> </span>eliminando <span class=\"_ _12\"> </span>il <span class=\"_ _a\"> </span>valore <span class=\"_ _12\"> </span>contabile <span class=\"_ _12\"> </span>dell<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>partecipaz<span class=\"_ _1\"></span>ion<span class=\"ls16\">i </span>consolidate de<span class=\"_ _1\"></span>tenute dalla Socie<span class=\"_ _1\"></span>t\u00e0 a fronte de<span class=\"_ _1\"></span>l relativo pat<span class=\"_ _1\"></span>rimonio netto. Ne<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span><span class=\"ls3\">caso<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> e<span class=\"_ _1\"></span>se<span class=\"_ _2\"></span>rciz<span class=\"_ _1\"></span>io <span class=\"_ _2\"></span><span class=\"ff22\">de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _1\"></span>op<span class=\"_ _2\"></span>zione<span class=\"_ _1\"></span><span class=\"ff1f\"> <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span><span class=\"ff22\">\u201c<span class=\"ff24\">f<span class=\"_ _1\"></span>ul<span class=\"_ _2\"></span>l g<span class=\"_ _1\"></span>oo<span class=\"_ _1\"></span>dw<span class=\"_ _2\"></span>ill<span class=\"ff22 ls3\">\u201d,</span><span class=\"ff1f\"> <span class=\"_ _2\"></span>olt<span class=\"_ _2\"></span>re <span class=\"_ _1\"></span><span class=\"ls48\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>ricon<span class=\"_ _1\"></span>osc<span class=\"_ _2\"></span>imen<span class=\"_ _2\"></span>to <span class=\"_ _1\"></span>de<span class=\"_ _2\"></span>l <span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0%<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>fa<span class=\"_ _1\"></span>ir <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>e<span class=\"_ _1\"></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=\"ff22\">dell\u2019<span class=\"ff24\">IFRS 3 - <span class=\"_ _3\"></span>Business Combinations</span></span>, <span class=\"ls33\">si</span> <span class=\"ff22\">pr<span class=\"_ _3\"></span>ocede <span class=\"_ _e\"></span>all\u2019iscrizione <span class=\"_ _e\"></span>del <span class=\"_ _6\"></span><span class=\"ff24\">goodwi<span class=\"_ _1\"></span>ll <span class=\"_ _11\"></span><span class=\"ff1f\">delle </span></span></span>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=\"_ _3\"></span>quota <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>interessenza <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>costituiscono una <span class=\"_ _3\"></span>perdita <span class=\"_ _3\"></span><span class=\"ls6\">di</span> controllo <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span><span class=\"ls33\">si<span class=\"ls0\"> <span class=\"_ _1\"></span>riferiscono <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>partecipate <span class=\"_ _2\"></span><span class=\"ff22\">gi\u00e0 sot<span class=\"_ _1\"></span>toposte <span class=\"_ _2\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>controllo sono <span class=\"_ _2\"></span>rilevati n<span class=\"_ _1\"></span>ell\u2019am<span class=\"ff1f\">bito <span class=\"_ _1\"></span>del <span class=\"_ _2\"></span>patrimonio net<span class=\"_ _1\"></span>to </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, non <span class=\"_ _3\"></span>ancora re<span class=\"_ _3\"></span>alizzati <span class=\"_ _3\"></span>derivanti da <span class=\"_ _3\"></span>operazioni fra <span class=\"_ _2\"></span>imprese rientranti <span class=\"_ _1\"></span><span class=\"ff22\">nell\u2019are<span class=\"_ _1\"></span>a<span class=\"ff1f\"> <span class=\"ls6\">di</span> <span class=\"_ _1\"></span>consolid<span class=\"_ _1\"></span>amento <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>eliminati, c<span class=\"_ _1\"></span>os\u00ec <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>tutte le partite di ammont<span class=\"_ _1\"></span>are significativo che </span></span>danno o<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>igine a <span class=\"_ _2\"></span>debiti <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>crediti, <span class=\"_ _2\"></span>costi e <span class=\"_ _2\"></span>ricavi fra <span class=\"_ _f\"> </span>le <span class=\"_ _1\"></span>imprese <span class=\"_ _1\"></span>del G<span class=\"_ _2\"></span>ruppo. Tali <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ettifiche, <span class=\"_ _2\"></span>come le <span class=\"_ _2\"></span>altre rettif<span class=\"_ _1\"></span>iche di consolidamento, <span class=\"_ _1\"></span>tengono conto,<span class=\"_ _1\"></span> ove applicabi<span class=\"_ _1\"></span>le, del relativo e<span class=\"_ _1\"></span>ffetto fiscal<span class=\"_ _1\"></span>e differito. I <span class=\"_ _2\"></span>dividendi <span class=\"_ _1\"></span>distribui<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>da soc<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _2\"></span>consolidate <span class=\"_ _2\"></span>sono <span class=\"_ _1\"></span>elimin<span class=\"_ _1\"></span>ati <span class=\"_ _2\"></span>dal c<span class=\"_ _1\"></span>onto <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>sommati <span class=\"_ _2\"></span>agli <span class=\"_ _2\"></span>utili <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>esercizi precedenti se ed in <span class=\"_ _1\"></span>quanto da es<span class=\"_ _1\"></span>si prelevati. Le <span class=\"_ _12\"> </span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"> </span>destinate <span class=\"_ _a\"> </span>alla <span class=\"_ _12\"> </span>vendita, <span class=\"_ _a\"> </span>per <span class=\"_ _12\"> </span><span class=\"ls16\">le</span> <span class=\"_ _a\"> </span>quali <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _12\"> </span>altamente <span class=\"_ _a\"> </span>probabile <span class=\"_ _a\"> </span><span class=\"ls16\">la</span> <span class=\"_ _12\"> </span>cessione <span class=\"_ _a\"> </span>entro <span class=\"_ _a\"> </span>i <span class=\"_ _3\"></span>successivi dodic<span class=\"_ _1\"></span>i mesi, <span class=\"_ _6\"></span>qualora <span class=\"_ _11\"></span>le <span class=\"_ _6\"> </span>altre <span class=\"_ _6\"></span>condizioni <span class=\"_ _6\"></span>previs<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>dall\u2019IFRS <span class=\"_ _11\"></span>5 <span class=\"_ _6\"></span>siano <span class=\"_ _6\"></span>rispettate, <span class=\"_ _11\"></span>vengono <span class=\"_ _6\"></span>classificate <span class=\"_ _11\"></span>in <span class=\"_ _6\"> </span>accordo <span class=\"_ _6\"></span>con quanto <span class=\"_ _1\"></span>stabilito <span class=\"_ _2\"></span>da tale <span class=\"_ _2\"></span>principio e <span class=\"_ _2\"></span>pertanto un<span class=\"_ _1\"></span>a vol<span class=\"_ _1\"></span>ta c<span class=\"_ _1\"></span>onsolidate <span class=\"_ _2\"></span>integralmente, <span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>attivit\u00e0 ad <span class=\"_ _2\"></span>esse riferite <span class=\"_ _2\"></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=\"_ _2\"></span>in <span class=\"_ _2\"></span>un\u2019unica <span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>ine<span class=\"ff1f\">a <span class=\"_ _2\"></span>dello <span class=\"_ _2\"></span>stato <span class=\"_ _2\"></span>patri<span class=\"_ _1\"></span>moniale, <span class=\"_ _2\"></span>nella <span class=\"_ _2\"></span>sezion<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>passivit\u00e0, <span class=\"_ _2\"></span>ed <span class=\"_ _0\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>relativo <span class=\"_ _2\"></span>margi<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>risultato </span>\u00e8 <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>iportato <span class=\"_ _2\"></span>nel <span class=\"_ _1\"></span>conto <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>nella <span class=\"_ _1\"></span>linea <span class=\"_ _2\"></span><span class=\"ff22\">\u201cRisultato<span class=\"ff1f\"> <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _2\"></span>destinate <span class=\"_ _2\"></span><span class=\"ff22\">alla dismissione e dis<span class=\"_ _1\"></span>messe\u201d.<span class=\"ff1f\"> </span></span></span></span>I <span class=\"_ _0\"></span>bila<span class=\"_ _2\"></span>nci <span class=\"_ _0\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>con<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>est<span class=\"_ _2\"></span>ere <span class=\"_ _0\"></span>espre<span class=\"_ _1\"></span>ss<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>valu<span class=\"_ _2\"></span><span class=\"ls16\">ta<span class=\"ls0\"> <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>sa <span class=\"_ _0\"></span><span class=\"ff22\">da<span class=\"_ _2\"></span>ll\u2019eu<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>,<span class=\"ff1f\"> <span class=\"_ _0\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>sede <span class=\"_ _0\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>so<span class=\"_ _2\"></span>lidam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>vengono <span class=\"_ _0\"></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=\"ls2\">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=\"_ _e\"></span>le <span class=\"_ _11\"></span>componenti <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>reddito <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>conto economico <span class=\"_ _7\"> </span>il <span class=\"_ _a\"> </span>cambio <span class=\"_ _6\"> </span>medio <span class=\"_ _a\"> </span>dell\u2019eser<span class=\"_ _1\"></span>cizio. <span class=\"_ _7\"> </span>Le <span class=\"_ _a\"> </span>differenze <span class=\"_ _7\"> </span>cambio<span class=\"ff1f\"> <span class=\"_ _7\"></span>risultanti <span class=\"_ _6\"></span>vengono <span class=\"_ _6\"></span>iscritte <span class=\"_ _6\"></span><span class=\"ls2\">in</span> <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>riserva </span>separata <span class=\"_ _1\"></span><span class=\"ls6\">di<span class=\"ls0\"> patrim<span class=\"_ _1\"></span>onio <span class=\"_ _1\"></span>denominata <span class=\"_ _2\"></span>Riserva di Convers<span class=\"_ _1\"></span>ione. </span></span>Le<span class=\"ls0\"> <span class=\"_ _7\"></span>modifiche <span class=\"_ _6\"></span>nella <span class=\"_ _7\"></span>quota <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>nteressenz<span class=\"_ _1\"></span>a <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>costituiscono <span class=\"_ _6\"></span>una <span class=\"_ _7\"></span>perdita <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>controllo <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>si <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriscono <span class=\"_ _7\"></span>a </span>partecipate <span class=\"_ _2\"></span>gi\u00e0 <span class=\"_ _2\"></span>sottoposte <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>controllo, <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>trattate <span class=\"_ _2\"></span>come <span class=\"_ _1\"></span><span class=\"ff24\">equity <span class=\"_ _2\"></span>transaction <span class=\"_ _2\"></span><span class=\"ff1f\">e <span class=\"_ _2\"></span>quindi <span class=\"_ _1\"></span>classifi<span class=\"_ _1\"></span>cate <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></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=\"_ _1\"></span>Gruppo <span class=\"_ _2\"></span>Cairo <span class=\"_ _2\"></span>Communication <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _1\"></span>2022 <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>redatto <span class=\"_ _1\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>b<span class=\"ls4\">ase</span> <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>presupposto </span></span></span></span></span></span>della continuit\u00e0 aziendale, avendo <span class=\"ls2\">il<span class=\"_ _1\"></span><span class=\"ls0\"> Gruppo valutato che, pu<span class=\"_ _1\"></span>r <span class=\"ls16\">in</span> <span class=\"_ _3\"></span>presenza <span class=\"ff22\">dell\u2019<span class=\"_ _1\"></span>attuale<span class=\"ff1f\"> contesto geopolitico ed </span></span></span></span>economico, <span class=\"_ _0\"></span>non <span class=\"_ _2\"></span>sussistono <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>gnificative <span class=\"_ _0\"></span>incertezze <span class=\"_ _2\"></span>(come <span class=\"_ _2\"></span>defini<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>nel <span class=\"_ _0\"></span>paragrafo <span class=\"_ _2\"></span>25 <span class=\"_ _2\"></span>dello <span class=\"_ _0\"></span>IAS <span class=\"_ _2\"></span>1) <span class=\"_ _0\"></span>sul<span class=\"_ _3\"></span>la <span class=\"_ _2\"></span>con<span class=\"_ _1\"></span>tinuit\u00e0 aziendale <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>considerazi<span class=\"_ _1\"></span>one <span class=\"_ _2\"></span>sia del<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>prospettive <span class=\"_ _2\"></span>reddit<span class=\"_ _1\"></span>uali <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>capacit\u00e0 <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>gene<span class=\"_ _1\"></span>razione <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>cassa <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>societ<span class=\"_ _1\"></span>\u00e0 </span></span>del <span class=\"_ _1\"></span>Gruppo, s<span class=\"_ _1\"></span>ia dell\u2019asset<span class=\"_ _1\"></span>to della sua s<span class=\"_ _1\"></span>truttura patri<span class=\"_ _1\"></span>moniale. ",
   "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=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"></span>controllate <span class=\"_ _e\"></span>direttamente <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>indirettamente <span class=\"_ _e\"></span>indicate <span class=\"_ _e\"></span>nell\u2019allega<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>1 <span class=\"_ _11\"></span>\u201cLe <span class=\"_ _e\"></span>imprese <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>Cairo Communication<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ff22\">\u2013</span> <span class=\"ff22\">Societ\u00e0 consolidate con <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>metodo integrale\u201d sono consolidate integralmente a <span class=\"_ _3\"></span>partir</span>e <span class=\"_ _3\"></span>dalla data <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>acquisizione, <span class=\"_ _2\"></span>ovvero <span class=\"_ _2\"></span>dalla <span class=\"_ _1\"></span>data <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>cui <span class=\"_ _2\"></span>il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _0\"></span>ne <span class=\"_ _2\"></span>acquisisce <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _0\"></span>controllo <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>essano <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>esse<span class=\"_ _1\"></span>re <span class=\"_ _2\"></span>consolida<span class=\"_ _1\"></span>te </span></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span><span class=\"ls2\">in</span> <span class=\"_ _3\"></span>cui <span class=\"_ _e\"></span><span class=\"ls33\">se</span> <span class=\"_ _3\"></span>ne <span class=\"_ _e\"></span>perde<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>il <span class=\"_ _11\"></span>controllo. <span class=\"_ _e\"></span>Il <span class=\"_ _11\"></span>Gruppo <span class=\"_ _e\"></span>ha <span class=\"_ _11\"></span>il <span class=\"_ _11\"></span>controllo <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>societ\u00e0 <span class=\"_ _e\"></span>quando <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>virt\u00f9 <span class=\"_ _e\"></span>del <span class=\"_ _11\"></span>proprio rapporto con l\u2019entit<span class=\"ff1f\">\u00e0 de<span class=\"_ _1\"></span>tiene il controllo su<span class=\"_ _1\"></span>lle attivit\u00e0 rilevant<span class=\"_ _1\"></span>i della stessa, \u00e8 espos<span class=\"_ _1\"></span>to ai rendimenti variabi<span class=\"_ _1\"></span>li, e </span>detenendo <span class=\"_ _e\"></span>diritti <span class=\"_ _e\"></span>su <span class=\"_ _e\"></span>tali <span class=\"_ _e\"></span>ren<span class=\"_ _1\"></span>dimenti, <span class=\"_ _e\"></span>ha <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>contempo <span class=\"_ _3\"></span>la <span class=\"_ _e\"></span>capacit\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>influenzarli <span class=\"_ _3\"></span>esercitando <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>proprio <span class=\"_ _e\"></span>potere sull\u2019entit\u00e0 stess<span class=\"_ _1\"></span>a.<span class=\"ff1f\"> </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=\"_ _12\"> </span>quota <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>interessenza <span class=\"_ _12\"> </span>degli <span class=\"_ _12\"> </span>azionisti <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>minoranza <span class=\"_ _12\"> </span>nelle <span class=\"_ _12\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>nette <span class=\"_ _12\"> </span>delle <span class=\"_ _12\"> </span>controllate <span class=\"_ _12\"> </span>consol<span class=\"_ _1\"></span>idate <span class=\"_ _12\"> </span>\u00e8 identificata <span class=\"_ _2\"></span>separatamente <span class=\"_ _2\"></span>rispetto al <span class=\"_ _2\"></span>patrimonio n<span class=\"_ _2\"></span>etto di <span class=\"_ _2\"></span>Grupp<span class=\"_ _3\"></span>o. Ta<span class=\"_ _1\"></span>le i<span class=\"_ _1\"></span>nteressenz<span class=\"_ _2\"></span>a \u00e8 stat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>determinata <span class=\"_ _2\"></span>in base alla <span class=\"_ _6\"></span>percentuale <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>essi <span class=\"_ _6\"></span>detenuta <span class=\"_ _7\"></span>nei <span class=\"_ _7\"></span>fair <span class=\"_ _7\"></span>value <span class=\"_ _7\"></span>delle <span class=\"_ _6\"> </span>at<span class=\"_ _3\"></span>tivit\u00e0 <span class=\"_ _6\"> </span>e <span class=\"_ _7\"> </span>passivit\u00e0 <span class=\"_ _7\"> </span>iscritte <span class=\"_ _6\"></span>alla <span class=\"_ _7\"> </span>data <span class=\"_ _6\"> </span>dell\u2019acquisizione originaria e nel<span class=\"_ _1\"></span>le variazion<span class=\"_ _1\"></span>i di patrimoni<span class=\"_ _1\"></span>o netto dopo <span class=\"_ _1\"></span>tale data. ",
   "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=\"_ _2\"></span>ggre<span class=\"_ _1\"></span>gaz<span class=\"_ _2\"></span>ioni d<span class=\"_ _1\"></span>i i<span class=\"_ _2\"></span>mpres<span class=\"_ _1\"></span>e e<span class=\"_ _2\"></span> avvi<span class=\"_ _1\"></span>ame<span class=\"_ _2\"></span>nto Le agg<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>egazioni <span class=\"_ _2\"></span>di imp<span class=\"_ _1\"></span>rese <span class=\"_ _2\"></span><span class=\"ff22\">sono contabili<span class=\"_ _1\"></span>zzate <span class=\"_ _2\"></span>secondo i<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>etodo <span class=\"_ _2\"></span>dell\u2019acquisizione <span class=\"_ _2\"></span>in ba<span class=\"_ _1\"></span>se <span class=\"_ _2\"></span>al quale <span class=\"_ _2\"></span>le a<span class=\"_ _1\"></span>ttivit\u00e0, </span>le <span class=\"_ _12\"> </span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _12\"> </span>e <span class=\"_ _a\"> </span>le <span class=\"_ _12\"> </span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _a\"> </span>potenziali <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>dentificabi<span class=\"_ _1\"></span>li <span class=\"_ _12\"> </span>de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>l\u2019impresa <span class=\"_ _a\"> </span>acquisita <span class=\"_ _a\"> </span>che<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>rispettano <span class=\"_ _a\"> </span><span class=\"ls2\">le</span> <span class=\"_ _a\"> </span>condizioni <span class=\"_ _a\"> </span>per l\u2019iscrizione<span class=\"ff1f\"> <span class=\"_ _e\"></span>secondo <span class=\"_ _e\"></span></span>l\u2019IFRS<span class=\"ff1f\"> <span class=\"_ _11\"></span>3 <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>rilevate <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _11\"></span></span>alla <span class=\"_ _11\"></span>data <span class=\"_ _e\"></span><span class=\"ls6\">di</span> <span class=\"_ _e\"></span>acquisizion<span class=\"_ _1\"></span>e. <span class=\"_ _3\"></span>Vengono <span class=\"_ _3\"></span>quindi <span class=\"_ _e\"></span>stanziate<span class=\"_ _1\"></span> </span>imposte <span class=\"_ _3\"></span>differite <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>anticipate <span class=\"_ _e\"></span>sulle <span class=\"_ _3\"></span>rettifiche <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>valore <span class=\"_ _e\"></span>apportate <span class=\"_ _11\"></span>ai <span class=\"_ _6\"></span>pregressi <span class=\"_ _e\"></span>valori <span class=\"_ _11\"></span>contabili <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>allinearli <span class=\"_ _11\"></span>al valore corrente.<span class=\"_ _1\"></span> L\u2019applicazione<span class=\"ff1f\"> <span class=\"_ _16\"> </span>del <span class=\"_\"> </span>metodo <span class=\"_ _16\"> </span></span>dell\u2019acquisizione <span class=\"_ _16\"> </span>per <span class=\"_ _16\"> </span><span class=\"ls2\">la</span> <span class=\"_\"> </span>sua<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>stessa <span class=\"_ _16\"> </span>complessit\u00e0 <span class=\"_ _16\"> </span>prevede <span class=\"_ _16\"> </span>una <span class=\"_ _16\"> </span>prima <span class=\"_ _4\"> </span>fase <span class=\"_ _4\"> </span>di determinazione provvisor<span class=\"_ _1\"></span>ia dei val<span class=\"_ _3\"></span>ori correnti delle attivit\u00e0, passivit\u00e0 e passivit\u00e0 potenziali <span class=\"_ _a\"> </span>acquisite, <span class=\"_ _a\"> </span>tale <span class=\"_ _7\"></span>da consentire <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>prima<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>iscrizione <span class=\"_ _12\"> </span>dell\u2019opera<span class=\"_ _1\"></span>zione <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>bil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>cio<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>chiusura <span class=\"_ _e\"></span><span class=\"ff22\">dell\u2019esercizio <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _e\"></span>\u00e8 </span>stata <span class=\"_ _e\"></span>effettuata <span class=\"_ _e\"></span>l\u2019aggregazione. <span class=\"_ _e\"></span>Tale <span class=\"_ _e\"></span>prima <span class=\"_ _e\"></span>iscrizione <span class=\"_ _e\"></span>viene <span class=\"_ _e\"></span>completata <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>rettificata <span class=\"_ _e\"></span>entro <span class=\"_ _e\"></span>i <span class=\"_ _11\"></span>dodici <span class=\"_ _e\"></span>mesi <span class=\"_ _11\"></span>dalla data <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>acquisiz<span class=\"_ _1\"></span>ione. <span class=\"_ _3\"></span>Modifiche <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>corrispettivo <span class=\"_ _3\"></span>iniziale <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>derivano <span class=\"_ _3\"></span>da <span class=\"_ _e\"></span>eventi <span class=\"_ _e\"></span>o <span class=\"_ _3\"></span>ci<span class=\"_ _3\"></span>rcostanze <span class=\"_ _3\"></span>successive <span class=\"_ _e\"></span>alla data di acquisizione s<span class=\"_ _1\"></span>ono rileva<span class=\"_ _1\"></span>te a conto econo<span class=\"_ _1\"></span>mico. L\u2019a<span class=\"_ _1\"></span>vv<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>to <span class=\"_ _e\"></span>der<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>da<span class=\"_ _2\"></span>ll\u2019ac<span class=\"_ _2\"></span>quis<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>una<span class=\"_ _2\"></span> <span class=\"_ _11\"></span>con<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span>ta <span class=\"_ _3\"></span>rapp<span class=\"_ _1\"></span>res<span class=\"_ _2\"></span>enta <span class=\"_ _3\"></span>l\u2019ecc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span><span class=\"ff1f\">di <span class=\"_ _e\"></span>acquisizione </span>rispetto <span class=\"_ _a\"> </span>alla <span class=\"_ _12\"> </span>percentua<span class=\"_ _1\"></span>le <span class=\"_ _a\"> </span>spettante <span class=\"_ _12\"> </span>al <span class=\"_ _a\"> </span>Gruppo <span class=\"_ _a\"> </span>del <span class=\"_ _12\"> </span><span class=\"ff24\">fair <span class=\"_ _12\"> </span>value <span class=\"_ _a\"> </span></span>delle <span class=\"_ _12\"> </span>att<span class=\"_ _1\"></span>ivit\u00e0, <span class=\"_ _12\"> </span>p<span class=\"_ _1\"></span>assivit\u00e0 <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _a\"> </span>potenziali identificabili <span class=\"_ _1\"></span>della co<span class=\"_ _1\"></span>ntrollata al<span class=\"_ _1\"></span>la data d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> acquis<span class=\"_ _1\"></span>izione. <span class=\"_ _1\"></span>Nel caso <span class=\"_ _1\"></span>di eserc<span class=\"_ _1\"></span>izio dell<span class=\"_ _1\"></span>\u2019opzione <span class=\"_ _1\"></span>del <span class=\"ff25\">\u201cfull goodwill\u201d<span class=\"ff1f ls6\">, </span></span>\u00e8 consentito <span class=\"_ _2\"></span>all\u2019acquirente di <span class=\"_ _1\"></span>riconoscere <span class=\"_ _2\"></span>il<span class=\"_ _3\"></span> 100% <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _1\"></span>avviamento d<span class=\"_ _1\"></span>elle s<span class=\"_ _1\"></span>ociet\u00e0 ac<span class=\"_ _1\"></span>quisite, piu<span class=\"_ _1\"></span>ttosto <span class=\"_ _1\"></span>che il <span class=\"_ _2\"></span>solo avviamento spe<span class=\"_ _1\"></span>ttante alla maggioranz<span class=\"_ _1\"></span>a. L\u2019avviamento<span class=\"ff1f\"> derivante <span class=\"_ _3\"></span>dalla <span class=\"ff24\">business <span class=\"_ _3\"></span>combination </span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span><span class=\"ls30\">RCS</span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>determinato </span>con <span class=\"_ _e\"></span>l\u2019approccio <span class=\"_ _e\"></span>del consolidamento in<span class=\"_ _1\"></span>tegrale <span class=\"ff25\">\u201cf<span class=\"_ _1\"></span>ull goodwill<span class=\"ff22 ls4\">\u201d.<span class=\"_ _1\"></span><span class=\"ff1f ls0\"> </span></span></span>L\u2019avviamento<span class=\"ff1f\"> <span class=\"_ _11\"></span>\u00e8 <span class=\"_ _11\"></span>rilevato <span class=\"_ _11\"></span>come <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _11\"></span>immateriale <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>vita <span class=\"_ _6\"></span>indefinita <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>non <span class=\"_ _6\"></span>viene <span class=\"_ _11\"></span></span>ammortizzato. <span class=\"_ _a\"> </span>L\u2019even<span class=\"_ _1\"></span>tuale differenza <span class=\"_ _3\"></span>positiva <span class=\"_ _e\"></span>tra <span class=\"_ _e\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _3\"></span>valutate <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _e\"></span></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>acquisi<span class=\"_ _1\"></span>zione <span class=\"_ _3\"></span>ed <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>prezzo <span class=\"_ _3\"></span>pagato <span class=\"_ _e\"></span>\u00e8 rilevata <span class=\"_ _a\"> </span>nel <span class=\"_ _a\"> </span>conto <span class=\"_ _12\"> </span>econom<span class=\"_ _1\"></span>ico <span class=\"_ _a\"> </span>consolidato <span class=\"_ _a\"> </span>a <span class=\"_ _12\"> </span>tito<span class=\"_ _1\"></span>lo <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>provento<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>non <span class=\"_ _a\"></span>ricor<span class=\"_ _1\"></span>rente. <span class=\"_ _7\"></span>Essa <span class=\"_ _a\"></span>pu\u00f2 <span class=\"_ _6\"></span>essere <span class=\"_ _a\"> </span>ogget<span class=\"_ _1\"></span>to <span class=\"_ _7\"></span>di successiva <span class=\"_ _2\"></span>rettifica <span class=\"_ _1\"></span>nel <span class=\"_ _2\"></span>periodo di <span class=\"_ _2\"></span>dodici mesi dal<span class=\"_ _1\"></span>la data di acqu<span class=\"_ _1\"></span>isizione. I <span class=\"_ _e\"></span>costi <span class=\"_ _e\"></span>connessi <span class=\"_ _e\"></span><span class=\"ff22\">all\u2019aggregazione</span> <span class=\"_ _3\"></span>non <span class=\"_ _e\"></span>fanno <span class=\"_ _e\"></span>parte <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>corrispettivo <span class=\"_ _e\"></span>trasferito <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>pertanto <span class=\"_ _e\"></span>rilevati <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>conto economico. L\u2019avviamento <span class=\"_ _a\"> </span>viene <span class=\"_ _12\"> </span>periodicamente <span class=\"_ _a\"> </span>ri<span class=\"_ _3\"></span>esaminato <span class=\"_ _a\"> </span>per <span class=\"_ _12\"> </span>verificarne <span class=\"_ _12\"> </span>i <span class=\"_ _12\"> </span>presup<span class=\"_ _1\"></span>posti <span class=\"_ _a\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>recuperab<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_ _12\"> </span>tramite <span class=\"_ _a\"> </span>il confronto <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>il m<span class=\"_ _1\"></span>aggiore <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span>il <span class=\"_ _1\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f\">e i<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span><span class=\"ff24\">value <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>use<span class=\"ff1f\">, <span class=\"_ _6\"></span>calcolato <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>sommatoria <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>flussi <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>cassa <span class=\"_ _2\"></span>futuri </span></span></span></span>attualizzati <span class=\"_ _3\"></span>generati <span class=\"_ _e\"></span>dall\u2019in<span class=\"_ _1\"></span>vestim<span class=\"ff1f\">ento <span class=\"_ _e\"></span>sottostant<span class=\"_ _1\"></span>e. <span class=\"_ _e\"></span>Le <span class=\"_ _3\"></span>perdite <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>valore <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>iscritte <span class=\"_ _3\"></span>immediatamente <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>conto </span>economico e non so<span class=\"_ _1\"></span>no succ<span class=\"_ _1\"></span>essivamente rip<span class=\"_ _1\"></span>ristinate. Al <span class=\"_ _15\"> </span>fine <span class=\"_ _5\"> </span><span class=\"ff22\">dell\u2019analisi</span> <span class=\"_ _15\"> </span><span class=\"ls6\">di</span> <span class=\"_ _15\"> </span>congru<span class=\"_ _1\"></span>it\u00e0, <span class=\"_ _15\"> </span>l\u2019avvi<span class=\"_ _1\"></span>amento<span class=\"ff1f\"> <span class=\"_ _5\"> </span>acquisito <span class=\"_ _15\"> </span><span class=\"ls16\">in</span> <span class=\"_ _15\"> </span></span>un<span class=\"_ _1\"></span>\u2019aggregazion<span class=\"_ _1\"></span>e <span class=\"_ _15\"> </span>aziendal<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>allocato,<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>alla data di <span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>quisizione, <span class=\"_ _2\"></span>alle singole <span class=\"_ _1\"></span>unit\u00e0 <span class=\"_ _1\"></span>generatrici <span class=\"_ _2\"></span>di flussi di <span class=\"_ _2\"></span>cassa del G<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>uppo, <span class=\"_ _1\"></span>o ai <span class=\"_ _1\"></span>grupp<span class=\"_ _1\"></span>i di <span class=\"_ _1\"></span>unit\u00e0 <span class=\"_ _1\"></span>generatric<span class=\"_ _1\"></span>i di <span class=\"_ _6\"> </span>flussi <span class=\"_ _7\"> </span>che <span class=\"_ _6\"> </span>dovrebbero <span class=\"_ _6\"> </span>beneficiare <span class=\"_ _6\"> </span>dalle <span class=\"_ _6\"> </span>sinergie <span class=\"_ _6\"> </span>dell\u2019aggregazione,<span class=\"ff1f\"> <span class=\"_ _e\"></span>indipendente<span class=\"_ _1\"></span>mente <span class=\"_ _e\"></span>dal <span class=\"_ _3\"></span>fatto <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span>tre </span>attivit\u00e0 <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>G<span class=\"_ _1\"></span>ruppo <span class=\"_ _2\"></span>siano assegnate <span class=\"_ _1\"></span>a tali uni<span class=\"_ _1\"></span>t\u00e0 o raggruppam<span class=\"_ _1\"></span>enti di unit<span class=\"_ _1\"></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. P<span class=\"_ _1\"></span>arte<span class=\"_ _2\"></span>cipaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ni <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>cie<span class=\"_ _2\"></span>t\u00e0 co<span class=\"_ _2\"></span>llegate<span class=\"_ _2\"></span> e j<span class=\"_ _1\"></span>oi<span class=\"_ _1\"></span>nt ve<span class=\"_ _2\"></span>nture Una <span class=\"_ _e\"></span>collegata <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span><span class=\"ff22\">un\u2019impres<span class=\"_ _1\"></span>a<span class=\"ff1f\"> <span class=\"_ _e\"></span>nella <span class=\"_ _e\"></span>quale <span class=\"_ _e\"></span><span class=\"ls16\">il</span> <span class=\"_ _e\"></span>Gruppo, <span class=\"_ _e\"></span>pur <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>avendo <span class=\"_ _3\"></span><span class=\"ls2\">il</span> <span class=\"_ _e\"></span>controllo <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span><span class=\"ls2\">il</span> <span class=\"_ _e\"></span>controll<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>congiunto, <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>in </span></span>grado di <span class=\"_ _3\"></span>esercitare <span class=\"ff22\">un\u2019influenza notevole attraverso la <span class=\"_ _3\"></span>partecipazione alle decisioni sulle <span class=\"_ _3\"></span>politiche finanziarie </span>e operative della <span class=\"_ _1\"></span>partecipata. Una <span class=\"_ _11\"></span>joint <span class=\"_ _11\"></span>venture <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _11\"></span>rappresentata <span class=\"_ _11\"></span>dalle <span class=\"_ _11\"></span>partecipazioni <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>imprese <span class=\"_ _11\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _11\"></span>le <span class=\"_ _6\"></span>decisioni <span class=\"_ _e\"></span>finanziarie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gestionali strategiche <span class=\"_ _0\"></span><span class=\"ff22\">sull\u2019attivit\u00e0<span class=\"ff1f\"> <span class=\"_ _0\"></span>economica <span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ichiedono <span class=\"_ _0\"></span><span class=\"ls16\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>consens<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>unanime <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>tutte <span class=\"_ _2\"></span>le pa<span class=\"_ _1\"></span>rti <span class=\"_ _2\"></span>che <span class=\"_ _1\"></span>condividono <span class=\"_ _2\"></span>il <span class=\"_ _1\"></span>controllo,<span class=\"_ _1\"></span> </span></span></span></span>ai sensi dell\u2019IFR<span class=\"_ _1\"></span>S 11. I <span class=\"_ _11\"></span>risu<span class=\"_ _2\"></span>ltati<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>econ<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>mic<span class=\"_ _2\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _11\"></span><span class=\"ls16\">le</span> <span class=\"_ _11\"></span>atti<span class=\"_ _1\"></span>vit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>pass<span class=\"_ _2\"></span>ivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _11\"></span>del<span class=\"_ _2\"></span>le <span class=\"_ _11\"></span>impr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e <span class=\"_ _11\"></span>coll<span class=\"_ _2\"></span>egate<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>join<span class=\"_ _2\"></span>t <span class=\"_ _6\"></span>ven<span class=\"_ _1\"></span>tu<span class=\"_ _2\"></span>re <span class=\"_ _11\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>rile<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>nel <span class=\"_ _7\"></span>bilancio consolidato <span class=\"_ _6\"></span>secondo <span class=\"_ _6\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>metodo <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>patrimonio <span class=\"_ _6\"></span>netto. <span class=\"_ _7\"></span>Secondo <span class=\"_ _6\"></span>tale <span class=\"_ _7\"></span>metodo, <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _7\"></span>partecipaz<span class=\"_ _1\"></span>ioni<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>nelle <span class=\"_ _11\"></span>imprese collegate <span class=\"_ _ab\"> </span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _aa\"> </span>momento <span class=\"_ _aa\"> </span>dell\u2019acqui<span class=\"_ _1\"></span>sizione <span class=\"_ _aa\"> </span>sono <span class=\"_ _ab\"> </span>rilevate <span class=\"_ _aa\"> </span>nello <span class=\"_ _aa\"> </span>stato <span class=\"_ _c\"> </span>patrimoniale <span class=\"_ _ab\"> </span><span class=\"ls4\">al</span> <span class=\"_ _ab\"> </span>costo, <span class=\"_ _ab\"> </span>rettificato<span class=\"_ _1\"></span> successivamente <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span><span class=\"ls2\">la</span> <span class=\"_ _e\"></span>frazione <span class=\"_ _11\"></span>di <span class=\"_ _e\"></span>spettanza <span class=\"_ _11\"></span>delle <span class=\"_ _11\"></span>variazion<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>della <span class=\"_ _7\"></span>collegata <span class=\"_ _7\"></span>stessa. <span class=\"_ _a\"> </span>Le perdite <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>collegate ec<span class=\"_ _1\"></span>cedenti <span class=\"_ _2\"></span>la quota <span class=\"_ _2\"></span>di interessen<span class=\"_ _1\"></span>za <span class=\"_ _2\"></span>del Gruppo <span class=\"_ _2\"></span>nelle st<span class=\"_ _1\"></span>esse <span class=\"_ _1\"></span>non <span class=\"_ _2\"></span>sono rilevate,<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>eno <span class=\"_ _2\"></span>che il <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _16\"> </span>non <span class=\"_ _f\"> </span>abbia <span class=\"_ _16\"> </span>assunto <span class=\"_\"> </span>una <span class=\"_ _12\"> </span>obbligazione <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span><span class=\"ls2\">la</span> <span class=\"_\"> </span>coper<span class=\"_ _1\"></span>tura <span class=\"_ _12\"> </span>delle <span class=\"_\"> </span>stesse<span class=\"_ _1\"></span>. <span class=\"_ _12\"> </span><span class=\"ff22\">L\u2019eccedenza</span> <span class=\"_\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>costo <span class=\"_\"> </span><span class=\"ls6\">di</span> acquisizione <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>percentua<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>spettante <span class=\"_ _2\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>del val<span class=\"_ _1\"></span>ore <span class=\"_ _2\"></span>corrente <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0, <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>passivi<span class=\"_ _1\"></span>t\u00e0 potenziali i<span class=\"_ _3\"></span>dentificabil<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>collegata <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>acquisizione<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>riconosci<span class=\"_ _1\"></span>uta <span class=\"_ _3\"></span>come <span class=\"_ _3\"></span>avviamento. <span class=\"_ _e\"></span>Il <span class=\"_ _e\"></span>valo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>di carico dell\u2019inve<span class=\"_ _1\"></span>stimento \u00e8 assogge<span class=\"_ _1\"></span>ttato annualmen<span class=\"_ _1\"></span>te a test di <span class=\"ff24\">imp<span class=\"_ _2\"></span>airm<span class=\"_ _2\"></span>ent<span class=\"ff1f\">.<span class=\"_ _1\"></span> </span></span>Il mi<span class=\"_ _3\"></span>nor valore <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>costo di <span class=\"_ _3\"></span>acquisizione rispetto <span class=\"_ _3\"></span>alla percentuale <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>spettanza del Gruppo <span class=\"_ _3\"></span>del<span class=\"_ _e\"></span> <span class=\"ff24\">fair valu<span class=\"_ _1\"></span>e <span class=\"ff1f\">delle </span></span>attivit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _a\"></span>p<span class=\"_ _1\"></span>assivit\u00e0 <span class=\"_ _6\"></span>identificabili <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>ella <span class=\"_ _7\"></span>collegata <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>data <span class=\"_ _a\"></span><span class=\"ls6\">di</span> <span class=\"_ _7\"></span>acquisizione <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _a\"> </span>accreditato <span class=\"_ _a\"> </span>a <span class=\"_ _a\"> </span>conto <span class=\"_ _a\"> </span>economic<span class=\"_ _1\"></span>o nell\u2019esercizio.<span class=\"ff1f\"> </span>Nel <span class=\"_ _2\"></span>caso <span class=\"_ _1\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>cui <span class=\"_ _2\"></span>una <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _2\"></span>collegata <span class=\"_ _2\"></span>o <span class=\"ff24\">jo<span class=\"_ _1\"></span>int <span class=\"_ _2\"></span>venture <span class=\"_ _2\"></span><span class=\"ff1f\">rilevi r<span class=\"_ _1\"></span>ettifiche <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>diretta <span class=\"_ _2\"></span>imputazione <span class=\"_ _2\"></span>al pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _2\"></span>netto </span></span></span></span>e/o <span class=\"_ _2\"></span>nel <span class=\"_ _1\"></span>prospetto <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>complessivo, <span class=\"_ _2\"></span>il G<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>uppo <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>scrive <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>sua <span class=\"_ _2\"></span>volta <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>relativa <span class=\"_ _1\"></span>quota <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>pertinenza nel <span class=\"_ _e\"></span>patrimonio <span class=\"_ _3\"></span>netto <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>ne <span class=\"_ _e\"></span>d\u00e0 <span class=\"_ _3\"></span>rappresentazione, <span class=\"_ _e\"></span>ove <span class=\"_ _3\"></span>applicabile, <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>pros<span class=\"_ _1\"></span>petto <span class=\"_ _e\"></span>delle <span class=\"_ _3\"></span>variazioni <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>patrimonio netto e/o nel prosp<span class=\"_ _1\"></span>etto delle<span class=\"_ _1\"></span> altre componen<span class=\"_ _1\"></span>ti di conto <span class=\"_ _1\"></span>economico co<span class=\"_ _1\"></span>mplessivo. Un\u2019eventuale<span class=\"ff1f\"> <span class=\"_ _12\"> </span><span class=\"ls6\">pe</span>rdita <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>riduz<span class=\"_ _1\"></span>ione <span class=\"_ _12\"> </span><span class=\"ls6\">di</span> <span class=\"_ _12\"> </span>valore <span class=\"_ _12\"> </span>della <span class=\"_ _12\"> </span>partecipaz<span class=\"_ _1\"></span>ione <span class=\"_ _12\"> </span>rilevata <span class=\"_ _a\"> </span><span class=\"ls4\">ai</span> <span class=\"_\"> </span>s<span class=\"_ _2\"></span>ens<span class=\"_ _3\"></span>i <span class=\"_ _12\"> </span>dello <span class=\"_ _12\"> </span>IAS <span class=\"_ _a\"> </span>36 <span class=\"_ _15\"> </span>non <span class=\"_ _15\"> </span>\u00e8 </span>riconducibile <span class=\"_ _ab\"> </span><span class=\"ff22\">all\u2019avviamento</span> <span class=\"_ _ab\"> </span>n\u00e9 <span class=\"_ _ab\"> </span>alla <span class=\"_ _ab\"> </span>val<span class=\"_ _3\"></span>utazione <span class=\"_ _17\"> </span>a <span class=\"_ _aa\"> </span><span class=\"ff24\">fair <span class=\"_ _ab\"> </span>value <span class=\"_ _aa\"> </span></span>di <span class=\"_ _ab\"> </span>attivit\u00e0 <span class=\"_ _ab\"> </span>iscritte <span class=\"_ _16\"> </span>nel <span class=\"_ _16\"> </span>bilancio <span class=\"_ _f\"> </span>della partecipazione collegata, <span class=\"_ _3\"></span>bens\u00ec <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>valore della <span class=\"_ _3\"></span>partecipazione <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>suo <span class=\"_ _3\"></span>complesso. <span class=\"_ _3\"></span>Pertanto <span class=\"_ _e\"></span>qual<span class=\"_ _1\"></span>siasi <span class=\"_ _3\"></span>ripristino di <span class=\"_ _a\"> </span>valore <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>ri<span class=\"_ _1\"></span>levato <span class=\"_ _a\"></span>integ<span class=\"_ _1\"></span>ralmente <span class=\"_ _a\"></span>nel<span class=\"_ _1\"></span>la <span class=\"_ _a\"> </span>misura <span class=\"_ _7\"></span>in <span class=\"_ _a\"> </span>cui <span class=\"_ _a\"> </span>il <span class=\"_ _a\"> </span>valore <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>ecuperabile <span class=\"_ _a\"></span>dell<span class=\"_ _1\"></span>a <span class=\"_ _a\"> </span>partecipazion<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>aumenti successiv<span class=\"ff22\">amente <span class=\"_ _1\"></span>in base al risul<span class=\"_ _1\"></span>tato dell\u2019<span class=\"ff24\">impairmen<span class=\"_ _1\"></span>t test<span class=\"ff1f\">. </span></span></span>Con riferimento a<span class=\"_ _1\"></span>lle operaz<span class=\"_ _1\"></span>ioni intercorse fr<span class=\"_ _1\"></span>a <span class=\"ff22\">un\u2019impresa</span> de<span class=\"_ _1\"></span>l Gruppo e una <span class=\"_ _1\"></span>collega<span class=\"_ _1\"></span>ta, gli utili <span class=\"_ _e\"></span>e <span class=\"ls2\">le</span> perdite non realizzati <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>eliminati <span class=\"_ _a\"></span>in<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>misura <span class=\"_ _a\"> </span>pari <span class=\"_ _6\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>percentuale <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>par<span class=\"_ _1\"></span>tecipazione <span class=\"_ _7\"></span>del <span class=\"_\"> </span>G<span class=\"_ _1\"></span>ruppo <span class=\"_\"> </span>nella <span class=\"_ _12\"> </span>collegata, <span class=\"_\"> </span>ad eccezione <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>caso <span class=\"_ _a\"> </span>in <span class=\"_ _12\"> </span>cui <span class=\"_ _12\"> </span>le <span class=\"_ _12\"> </span>perdite <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>realizzate <span class=\"_ _a\"> </span>costituiscano <span class=\"_ _12\"> </span>l\u2019evidenza <span class=\"_ _a\"> </span>di <span class=\"_\"> </span>una<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>riduzione <span class=\"_ _12\"> </span>nel <span class=\"_ _a\"> </span>valore dell\u2019attivit\u00e0 t<span class=\"_ _1\"></span>rasferita.<span class=\"ff1f 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=\"_ _1\"></span>ico<span class=\"_ _1\"></span>nos<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span> de<span class=\"_ _2\"></span>i cost<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>e r<span class=\"_ _2\"></span>icavi 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=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">I <span class=\"_ _2\"></span>ricavi <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>rilevati <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>conto<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>quando <span class=\"_ _0\"></span>sono <span class=\"_ _2\"></span>soddisfatti <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>criteri <span class=\"_ _2\"></span>previsti <span class=\"_ _2\"></span><span class=\"ff22\">da<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>\u2019I<span class=\"_ _1\"></span>FR<span class=\"_ _2\"></span>S15.<span class=\"ff1f\"> </span></span></span><span class=\"ff1f fs7 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 che <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>affluiranno i <span class=\"_ _3\"></span>benefici <span class=\"_ _3\"></span>economici e <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>loro </span>ammontare pu\u00f2 <span class=\"_ _3\"></span>essere determinato <span class=\"_ _3\"></span>in m<span class=\"_ _3\"></span>odo <span class=\"_ _3\"></span>attendibile. I <span class=\"_ _3\"></span>ricavi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rappresentati al <span class=\"_ _3\"></span>netto di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>eventuali poste rettificative.<span class=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">I <span class=\"_ _e\"></span>ricavi<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>vendita <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>spazi <span class=\"_ _11\"></span>pubblicitari <span class=\"_ _e\"></span>sui <span class=\"_ _e\"></span>mezzi <span class=\"_ _e\"></span>tradizional<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>considerano <span class=\"_ _e\"></span>realizzati <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>momento <span class=\"_ _e\"></span>della </span>prestazione <span class=\"_ _3\"></span>che <span class=\"_ _e\"></span>coincide <span class=\"_ _3\"></span>con <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>diffus<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>messaggio <span class=\"_ _e\"></span>pubblicitario <span class=\"_ _3\"></span>(TV) <span class=\"_ _e\"></span>o <span class=\"_ _3\"></span>la <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>pubblicazione <span class=\"_ _3\"></span>della testata (stampa). <span class=\"ff1f fs7 fc0\">I ricavi pubblicitari realizza<span class=\"_ _1\"></span>ti nel comparto digi<span class=\"_ _1\"></span>tale sono rilevati <span class=\"ls4\">al</span> mo<span class=\"_ _1\"></span>mento della dif<span class=\"_ _1\"></span>fusione <span class=\"_ _3\"></span>o <span class=\"_ _e\"></span>pubblicazione </span>del messaggio. I <span class=\"_ _15\"> </span>ricavi <span class=\"_ _5\"> </span>relativi <span class=\"_ _15\"> </span>alle <span class=\"_ _5\"> </span>testate <span class=\"_ _15\"> </span>ed<span class=\"_ _1\"></span>itoriali <span class=\"_ _5\"> </span>(quotidiani <span class=\"_ _5\"> </span>e <span class=\"_ _15\"> </span>periodici) <span class=\"_ _5\"> </span>sono <span class=\"_ _15\"> </span>norm<span class=\"_ _1\"></span>almente <span class=\"_ _5\"> </span>rilevati <span class=\"_ _7\"></span>alla <span class=\"_ _7\"></span>data <span class=\"_ _7\"></span>di pubblicazione, a<span class=\"_ _1\"></span>l netto dei resi <span class=\"_ _1\"></span>ragionevolmen<span class=\"_ _1\"></span>te stimati e al <span class=\"_ _1\"></span>lordo del<span class=\"_ _1\"></span>l\u2019aggio di <span class=\"ff1f\">dis<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ibu<span class=\"_ _2\"></span>zione<span class=\"_ _1\"></span>. </span><span class=\"ff1f fs7 fc0\">I <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _3\"></span>relativi <span class=\"_ _e\"></span>alla <span class=\"_ _3\"></span>vendita <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>abbonam<span class=\"_ _1\"></span>enti <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>rilev<span class=\"_ _1\"></span>ati <span class=\"_ _3\"></span>sulla <span class=\"_ _e\"></span>base <span class=\"_ _3\"></span>delle <span class=\"_ _e\"></span>pubbli<span class=\"_ _1\"></span>cazioni <span class=\"_ _3\"></span>relative <span class=\"_ _3\"></span>al <span class=\"_ _11\"></span>periodo <span class=\"_ _e\"></span>di </span>competenza ed e<span class=\"_ _1\"></span>ffettivame<span class=\"_ _1\"></span>nte spedite. I <span class=\"_ _11\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>servizi <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>riconosciuti <span class=\"_ _11\"></span>alla <span class=\"_ _11\"></span>data <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>loro <span class=\"_ _11\"></span>maturazione, <span class=\"_ _11\"></span>come <span class=\"_ _11\"></span>definita <span class=\"_ _11\"></span>nei <span class=\"_ _11\"></span>rispettivi <span class=\"_ _a\"> </span>contratti, <span class=\"_ _a\"> </span>in particolare <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>ricavi <span class=\"_ _3\"></span>relativi <span class=\"_ _e\"></span>all\u2019attivit\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>distrib<span class=\"_ _1\"></span>uzione <span class=\"_ _e\"></span>(aggio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>distribuz<span class=\"_ _1\"></span>ione) <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>rico<span class=\"_ _e\"></span><span class=\"ff1f\">nosciuti <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>momento </span>della spedizione a<span class=\"_ _1\"></span>lla rete distr<span class=\"_ _1\"></span>ibutiva. I <span class=\"_ _7\"></span>ri<span class=\"_ _3\"></span>cavi <span class=\"_ _a\"> </span>per <span class=\"_ _7\"></span><span class=\"ls2\">le</span> <span class=\"_ _a\"> </span>sponsorizza<span class=\"_ _1\"></span>zioni <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>even<span class=\"_ _1\"></span>ti <span class=\"_ _a\"> </span>sportiv<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>e <span class=\"_ _7\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>l\u2019organ<span class=\"_ _1\"></span>izzazione <span class=\"_ _a\"></span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span>eventi <span class=\"_ _7\"></span>sono <span class=\"_ _a\"> </span>rilevati <span class=\"_ _12\"> </span>alla <span class=\"_\"> </span>data<span class=\"_ _1\"></span> dell\u2019evento, tenu<span class=\"_ _1\"></span>to conto de<span class=\"_ _1\"></span>lla limitata es<span class=\"_ _1\"></span>tensione temporal<span class=\"_ _1\"></span>e attribuibil<span class=\"_ _1\"></span>e a tali <span class=\"ff1f\">even<span class=\"_ _2\"></span>ti.<span class=\"_ _2\"></span> </span><span class=\"ff1f fs7 fc0\">Le royalties sono ricon<span class=\"_ _1\"></span>osciute alla da<span class=\"_ _1\"></span>ta di loro ma<span class=\"_ _1\"></span>turazione, co<span class=\"_ _1\"></span>me definita nei <span class=\"_ _1\"></span>rispettiv<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>rat<span class=\"_ _2\"></span>ti. </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=\"ff1f fs7 fc0\">I <span class=\"_ _11\"></span>cos<span class=\"_ _3\"></span>ti <span class=\"_ _11\"></span>sostenuti <span class=\"_ _11\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _11\"></span>pre-pubblicazione <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _11\"></span>lancio <span class=\"_ _11\"></span>delle <span class=\"_ _6\"></span>nuove <span class=\"_ _11\"></span>testate <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>addebitati <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>conto <span class=\"_ _11\"></span>economico </span>quando sostenuti. <span class=\"ff22 fs7 fc0\">I <span class=\"_ _e\"></span>costi <span class=\"_ _11\"></span>e <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>altri <span class=\"_ _e\"></span>oneri <span class=\"_ _e\"></span>operativi <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>rilevati <span class=\"_ _e\"></span>come <span class=\"_ _e\"></span>componenti <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>risultato <span class=\"_ _e\"></span>d\u2019es<span class=\"_ _1\"></span>ercizi<span class=\"_ _3\"></span><span class=\"ff1f\">o <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>momento <span class=\"_ _e\"></span>in <span class=\"_ _e\"></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 competenza <span class=\"_ _3\"></span>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 quando <span class=\"_ _3\"></span>non hanno requisiti pe<span class=\"_ _1\"></span>r il differi<span class=\"_ _1\"></span>mento come atti<span class=\"_ _1\"></span>vit\u00e0 nello st<span class=\"_ _1\"></span>ato patrimon<span class=\"_ _1\"></span>iale. ",
   "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=\"ff1f fs7 fc0\">Gli interessi attivi e pas<span class=\"_ _1\"></span>sivi sono rileva<span class=\"_ _1\"></span>ti in applica<span class=\"_ _1\"></span>zione del <span class=\"_ _1\"></span>principio de<span class=\"_ _1\"></span>lla competenza <span class=\"_ _1\"></span>temporale. </span><span class=\"ff1f fs7 fc0\">I dividendi sono rilevati quando s<span class=\"_ _1\"></span>i stabilisce il diritto d<span class=\"_ _1\"></span>egli azionisti a ricever<span class=\"_ _1\"></span>ne il paga<span class=\"_ _1\"></span>mento ovvero alla da<span class=\"_ _1\"></span>ta </span>della delibera as<span class=\"_ _1\"></span>sembleare. I riaddebiti di costi sost<span class=\"_ _1\"></span>enuti per con<span class=\"_ _1\"></span>to di terzi sono r<span class=\"_ _1\"></span>ilevati a r<span class=\"_ _1\"></span>iduzione del co<span class=\"_ _1\"></span>sto a cui si co<span class=\"_ _1\"></span>rrelano. ",
   "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=\"_ _2\"></span>mpost<span class=\"_ _1\"></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>rapprese<span class=\"_ _1\"></span>ntano <span class=\"_ _0\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _0\"></span>somma <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>imposte <span class=\"_ _0\"></span>corr<span class=\"_ _1\"></span>enti, <span class=\"_ _0\"></span>differite <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>anticipate. <span class=\"_ _0\"></span>Le <span class=\"_ _2\"></span>imposte <span class=\"_ _2\"></span>corrent<span class=\"ls16\">i </span></span></span></span>sono <span class=\"_ _1\"></span>basa<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>sultato <span class=\"_ _2\"></span>imponibile <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>periodo. <span class=\"_ _2\"></span>Il <span class=\"_ _1\"></span>reddito<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>imponibile <span class=\"_ _2\"></span>differisce <span class=\"_ _2\"></span>dal <span class=\"_ _1\"></span>risultato <span class=\"_ _2\"></span>riportato <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>conto economico poich\u00e9 esclude componen<span class=\"_ _1\"></span>ti positive e negative che saranno tassabili o deducibi<span class=\"_ _1\"></span>li in altri esercizi e esclude componen<span class=\"_ _1\"></span>ti che no<span class=\"_ _1\"></span>n saranno mai tassabi<span class=\"_ _1\"></span>li o deducibil<span class=\"_ _1\"></span>i. Le passivit\u00e0 pe<span class=\"_ _1\"></span>r imposte corren<span class=\"_ _1\"></span>ti sono calco<span class=\"_ _1\"></span>late utilizz<span class=\"_ _1\"></span>ando le aliquot<span class=\"_ _1\"></span>e vigenti alla<span class=\"_ _1\"></span> data di bila<span class=\"_ _1\"></span>nc<span class=\"_ _2\"></span>io. A <span class=\"_ _15\"> </span>partire <span class=\"_ _15\"> </span>dal <span class=\"_ _15\"> </span>peri<span class=\"_ _1\"></span>odo <span class=\"_ _15\"> </span>d\u2019impost<span class=\"_ _1\"></span>a <span class=\"_ _15\"> </span>2021 <span class=\"_ _15\"> </span>Cairo <span class=\"_ _5\"> </span>Communication <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>RCS <span class=\"_ _5\"> </span>MediaGroup <span class=\"_ _15\"> </span>hanno <span class=\"_ _15\"> </span>eser<span class=\"_ _1\"></span>citato congiuntamente <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>\u2019opzione <span class=\"_ _3\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>regime <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>consolidat<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>fiscale <span class=\"_ _e\"></span>nazionale <span class=\"_ _e\"></span>avente <span class=\"_ _11\"></span><span class=\"ff1f\">Cairo <span class=\"_ _e\"></span>Commun<span class=\"_ _1\"></span>ication <span class=\"_ _3\"></span>quale </span>societ\u00e0 <span class=\"_ _2\"></span>consolidante. A<span class=\"_ _1\"></span>nche <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _2\"></span>controllate <span class=\"_ _2\"></span>da RC<span class=\"_ _2\"></span>S MediaGroup, <span class=\"_ _1\"></span>laddove <span class=\"_ _1\"></span><span class=\"ls6\">ne<span class=\"ls0\"> sussistevan<span class=\"_ _1\"></span>o i<span class=\"_ _1\"></span> presupp<span class=\"_ _1\"></span>osti, </span></span></span></span>hanno aderito a <span class=\"_ _1\"></span>tale consolidato <span class=\"_ _1\"></span>fiscale, Le societ\u00e0 cont<span class=\"_ _1\"></span>rollate adere<span class=\"_ _1\"></span>nti sono<span class=\"_ _1\"></span> p<span class=\"_ _2\"></span>ertan<span class=\"_ _2\"></span>to: <span class=\"ff1f fs7 fc0\">Cairo Editore, Cairo Publ<span class=\"_ _1\"></span>ishing, La7, CA<span class=\"_ _1\"></span>IROR<span class=\"_ _1\"></span>CS Media e Cairo Ne<span class=\"_ _1\"></span>twork, </span><span class=\"ff1f fs7 fc0\">RCS <span class=\"_ _2\"></span>Mediagroup <span class=\"_ _2\"></span>S<span class=\"_ _1\"></span>.p.A. <span class=\"_ _2\"></span>Tr<span class=\"_ _1\"></span>ovolavoro, <span class=\"_ _2\"></span>R<span class=\"_ _1\"></span>CS <span class=\"_ _2\"></span>Sport,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>RCS <span class=\"_ _2\"></span>Produ<span class=\"_ _1\"></span>zioni <span class=\"_ _2\"></span>Padov<span class=\"_ _1\"></span>a, <span class=\"_ _2\"></span>Sfera <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>er<span class=\"_ _3\"></span>vice, <span class=\"_ _2\"></span>Blei <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>liquidazione, </span>RCS <span class=\"_ _6\"></span>Produzioni, <span class=\"_ _7\"></span>Digital <span class=\"_ _7\"></span>Factory, <span class=\"_ _7\"></span>RCS <span class=\"_ _6\"></span>Produzioni <span class=\"_ _6\"></span>Milano<span class=\"_ _3\"></span>, <span class=\"_ _7\"></span>M-dis <span class=\"_ _7\"></span>Distribuzione <span class=\"_ _6\"></span>Media, <span class=\"_ _7\"></span>To-dis <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>infine <span class=\"_ _7\"></span>le societ\u00e0 RCS Spor<span class=\"_ _1\"></span>ts &amp; Even<span class=\"_ _1\"></span>ts e Mybeautybox Cairo Communication fun<span class=\"_ _1\"></span>ge da societ\u00e0 consolidante e determ<span class=\"_ _1\"></span>ina una unica base imponibile <span class=\"_ _3\"></span>per <span class=\"_ _12\"> </span><span class=\"ls16\">il</span> <span class=\"_ _12\"> </span>gruppo <span class=\"_ _12\"> </span><span class=\"ls6\">di<span class=\"_ _3\"></span></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=\"_ _1\"></span>eneficia <span class=\"_\"> </span><span class=\"ls2\">in</span> <span class=\"_\"> </span>ta<span class=\"_ _1\"></span>l <span class=\"_\"> </span>modo <span class=\"_\"> </span>della <span class=\"_ _e\"></span>possibilit\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>compensare <span class=\"_ _e\"></span>redditi imponibili <span class=\"_ _7\"></span>con <span class=\"_ _12\"> </span>p<span class=\"_ _1\"></span>erdite <span class=\"_ _7\"></span>f<span class=\"_ _3\"></span>iscali <span class=\"_ _a\"></span>in <span class=\"_ _7\"></span>una <span class=\"_ _a\"> </span>unica <span class=\"_ _a\"> </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=\"_ _a\"> </span>Le <span class=\"_ _a\"> </span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"> </span>fiscali <span class=\"_ _a\"></span>diffe<span class=\"_ _1\"></span>rite <span class=\"_ _a\"> </span>sono <span class=\"_ _a\"></span>gen<span class=\"_ _1\"></span>eralmente rilevate per tutte le di<span class=\"_ _1\"></span>fferenze tempo<span class=\"_ _1\"></span>ranee imponib<span class=\"_ _1\"></span>ili, mentre le att<span class=\"_ _1\"></span>ivit\u00e0 fiscali ri<span class=\"_ _1\"></span>ferite a imposte ant<span class=\"_ _1\"></span>icipate o a futuri <span class=\"_ _a\"> </span>benefici <span class=\"_ _a\"> </span>fiscali <span class=\"_ _1ca\"> </span>sono <span class=\"_ _11\"></span><span class=\"ls5\">ri</span>levate <span class=\"_ _6\"></span>nella <span class=\"_ _e\"></span>mi<span class=\"_ _3\"></span>sura <span class=\"_ _11\"></span><span class=\"ls2\">in</span> <span class=\"_ _11\"></span>cui <span class=\"_ _6\"></span><span class=\"ls33\">si</span> <span class=\"_ _11\"></span>ritenga <span class=\"_ _6\"></span>probabile <span class=\"_ _e\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>vi <span class=\"_ _6\"></span>saranno <span class=\"_ _11\"></span>risultati <span class=\"_ _11\"></span>fiscali imponibili <span class=\"_ _1\"></span>in <span class=\"_ _7\"></span>f<span class=\"_ _3\"></span>uturo <span class=\"_ _7\"></span>che <span class=\"_ _a\"> </span>consentano <span class=\"_ _7\"></span><span class=\"ff22\">l\u2019utilizzo</span> <span class=\"_ _a\"> </span>delle <span class=\"_ _7\"></span>differenze <span class=\"_ _a\"></span>temp<span class=\"_ _1\"></span>oranee <span class=\"_ _7\"></span>deducibili. <span class=\"_ _a\"> </span><span class=\"ls8\">Le</span> <span class=\"_ _7\"></span>imposte differite sono calcolate in <span class=\"_ _3\"></span>base all\u2019aliquota fiscale che si <span class=\"_ _3\"></span>preved<span class=\"_ _1\"></span>e sar\u00e0 <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>vigore al m<span class=\"_ _3\"></span>omento del realizzo dell\u2019attivit\u00e0 o dell\u2019estinzione <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _e\"></span>in <span class=\"_ _3\"></span>considerazione <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>normativa <span class=\"_ _e\"></span>fiscale <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>vigore<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>alla <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>di <span class=\"_ _3\"></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>rilevant<span class=\"_ _1\"></span>i, <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>variazioni <span class=\"_\"> </span><span class=\"ls6\">di</span> <span class=\"_ _7\"></span>aliquote <span class=\"_ _6\"></span>fi<span class=\"_ _3\"></span>scali <span class=\"_ _6\"></span>o <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>norme <span class=\"_ _7\"></span>tributarie <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>descritti <span class=\"_ _6\"></span>nelle note <span class=\"_ _a\"> </span>esplicative. <span class=\"_ _a\"> </span><span class=\"ls8\">Le</span> <span class=\"_ _a\"> </span>attivit\u00e0 <span class=\"_ _a\"> </span>e <span class=\"_ _e\"></span>le <span class=\"_ _a\"> </span>passivit\u00e0 <span class=\"_ _a\"></span>fiscal<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>differite <span class=\"_ _7\"></span>sono <span class=\"_ _a\"> </span>esposte <span class=\"_ _a\"> </span>per <span class=\"_ _7\"></span><span class=\"ls16\">il<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>saldo <span class=\"_ _a\"> </span>netto <span class=\"_ _a\"></span>qu<span class=\"_ _1\"></span>ando <span class=\"_ _a\"> </span><span class=\"ls6\">vi</span> <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"> </span>un diritto <span class=\"_ _11\"></span>legale <span class=\"_ _11\"></span>a compensare le imposte cor<span class=\"_ _1\"></span>renti attive e passive e quando s<span class=\"_ _1\"></span>i riferiscono ad impos<span class=\"_ _1\"></span>te dovute alla medesima autor<span class=\"_ _1\"></span>it\u00e0 fiscale. Le i<span class=\"_ _1\"></span>mposte differi<span class=\"_ _1\"></span>te non sono attua<span class=\"_ _1\"></span>lizzate. Il <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>valuta <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>recuperabilit\u00e0 <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>fiscali <span class=\"_ _2\"></span>differite <span class=\"_ _2\"></span>sulla <span class=\"_ _2\"></span>base <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>pre<span class=\"_ _3\"></span>visioni <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>imponibili <span class=\"_ _2\"></span>futuri<span class=\"_ _1\"></span> attesi <span class=\"_ _6\"></span>tenendo <span class=\"_ _6\"></span>anche <span class=\"_ _7\"></span>in <span class=\"_ _6\"></span>considerazione <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>effetti <span class=\"_ _6\"></span>futuri <span class=\"_ _7\"></span>rivenienti <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>differenze <span class=\"_ _6\"></span>temporanee <span class=\"_ _6\"></span>su <span class=\"_ _7\"></span>cui <span class=\"_ _6\"></span>sono iscritte passivit\u00e0 f<span class=\"_ _1\"></span>iscali dif<span class=\"_ _1\"></span>ferite ",
   "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=\"_ _1\"></span>ti<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span> pe<span class=\"_ _1\"></span>r a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one L\u2019utile <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span>azione <span class=\"_ _a\"> </span>base <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"></span>determina<span class=\"_ _1\"></span>to <span class=\"_ _a\"> </span>come <span class=\"_ _a\"> </span>rapporto <span class=\"_ _7\"></span><span class=\"ls2\">tra</span> <span class=\"_ _a\"> </span><span class=\"ls2\">il</span> <span class=\"_ _a\"> </span>risultato <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>periodo <span class=\"_ _a\"></span>di <span class=\"_ _a\"> </span>pertinen<span class=\"_ _1\"></span>za <span class=\"_ _a\"> </span>del <span class=\"_ _6\"></span>Grupp<span class=\"_ _2\"></span>o attr<span class=\"_ _2\"></span>ibuib<span class=\"_ _2\"></span>ile <span class=\"_ _2\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>azio<span class=\"_ _1\"></span>ni <span class=\"_ _2\"></span>ord<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>arie <span class=\"_ _2\"></span>ed <span class=\"_ _1\"></span>il <span class=\"_ _2\"></span>nume<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>medio<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>pon<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>ato<span class=\"_ _2\"></span> <span class=\"ls6\">di</span> <span class=\"_ _2\"></span>azion<span class=\"_ _2\"></span>i o<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>inar<span class=\"_ _1\"></span>ie <span class=\"_ _1\"></span>in circolazi<span class=\"_ _1\"></span>one nell\u2019ese<span class=\"_ _1\"></span>rcizio. ",
   "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. Im<span class=\"_ _1\"></span>mobi<span class=\"_ _2\"></span>li, i<span class=\"_ _1\"></span>mpia<span class=\"_ _2\"></span>nti e<span class=\"_ _2\"></span> macc<span class=\"_ _2\"></span>hinar<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> Sono <span class=\"_ _11\"></span>iscritti <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>condizione <span class=\"_ _e\"></span>che <span class=\"_ _11\"></span>il <span class=\"_ _6\"></span>costo <span class=\"_ _11\"></span>sia <span class=\"_ _11\"></span>attendibilmente <span class=\"_ _11\"></span>determinabile <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>che <span class=\"_ _11\"></span>i <span class=\"_ _11\"></span>r<span class=\"_ _3\"></span>elativi <span class=\"_ _11\"></span>benefici <span class=\"_ _11\"></span>economici futuri possano esse<span class=\"_ _1\"></span>re realiz<span class=\"_ _1\"></span>zati dal Gruppo. Sono <span class=\"_ _2\"></span>iscritti <span class=\"_ _2\"></span>al <span class=\"_ _1\"></span>costo <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>acquisto <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>di produzio<span class=\"_ _1\"></span>ne, <span class=\"_ _2\"></span>comprensivo <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>oneri <span class=\"_ _2\"></span>accessori <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>dei <span class=\"_ _1\"></span>costi <span class=\"_ _2\"></span>diretti <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>indiretti di produzione per <span class=\"_ _1\"></span>la quota ragionevol<span class=\"_ _1\"></span>mente impu<span class=\"_ _1\"></span>tabile al be<span class=\"_ _1\"></span>ne. Le<span class=\"ls0\"> <span class=\"_ _2\"></span>immob<span class=\"_ _1\"></span>ilizzazioni <span class=\"_ _0\"></span>materiali <span class=\"_ _0\"></span>sono <span class=\"_ _2\"></span>sistema<span class=\"_ _1\"></span>ticamente <span class=\"_ _0\"></span>ammortizzate <span class=\"_ _0\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>ogni <span class=\"_ _0\"></span>esercizio <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>quo<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>costanti <span class=\"_ _1\"></span>sulla <span class=\"_ _2\"></span>base </span></span></span>di <span class=\"_ _2\"></span>aliquote <span class=\"_ _2\"></span>economico-tecniche <span class=\"_ _2\"></span>determina<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>relazione <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>residue <span class=\"_ _2\"></span>possibilit\u00e0 <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>utilizzo <span class=\"_ _2\"></span>dei <span class=\"_ _1\"></span>beni. <span class=\"_ _2\"></span>Le <span class=\"_ _2\"></span>aliquote di ammortamen<span class=\"_ _1\"></span>to utilizzate<span class=\"_ _1\"></span> sono le seguenti<span class=\"_ _1\"></span>: Im<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _1cb\"> </span>3<span class=\"_ _2\"></span>%<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>- 20<span class=\"_ _2\"></span>%Attr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>tu<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> vari<span class=\"_ _0\"></span>a<span class=\"_ _1cc\"> </span>1<span class=\"_ _2\"></span>2% - <span class=\"_ _3\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>%Im<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ari<span class=\"_ _1cd\"> </span>5<span class=\"_ _2\"></span>%<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>- 20<span class=\"_ _2\"></span>%Al<span class=\"_ _2\"></span>tr<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ni<span class=\"_ _1ce\"> </span>1<span class=\"_ _2\"></span>0% - <span class=\"_ _3\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>%I terreni non vengono <span class=\"_ _2\"></span>as<span class=\"_ _3\"></span>sogget<span class=\"_ _1\"></span>tati ad am<span class=\"_ _1\"></span>mor<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _2\"></span>to.<span class=\"_ _1\"></span> Nel <span class=\"_ _f\"> </span>primo <span class=\"_ _f\"> </span>anno <span class=\"_ _16\"> </span>le <span class=\"_ _4\"> </span>aliqu<span class=\"_ _1\"></span>ote <span class=\"_ _16\"> </span>applicate <span class=\"_ _f\"> </span>tengono <span class=\"_ _16\"> </span>conto <span class=\"_ _4\"> </span>dell\u2019e<span class=\"_ _1\"></span>ffettivo <span class=\"_ _16\"> </span>utilizzo <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>bene <span class=\"_ _16\"> </span>in <span class=\"_ _4\"> </span>corso <span class=\"_ _16\"> </span>d\u2019anno, l\u2019ammortamento <span class=\"_ _1\"></span>inizia quando le<span class=\"ff1f\"> </span>at<span class=\"_ _1\"></span>tivit\u00e0 sono p<span class=\"_ _1\"></span>ronte per l\u2019uso.<span class=\"_ _1\"></span><span class=\"ff1f\"> </span>La <span class=\"_\"> </span>vita <span class=\"_\"> </span>ut<span class=\"_ _1\"></span>ile <span class=\"_\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _12\"> </span><span class=\"ls16\">il<span class=\"_ _3\"></span></span> <span class=\"_\"> </span>criterio <span class=\"_\"> </span><span class=\"ls6\">di</span> <span class=\"_\"> </span>ammort<span class=\"_ _1\"></span>amento <span class=\"_\"> </span>sono<span class=\"_ _1\"></span> <span class=\"_\"> </span>rivisti <span class=\"_\"> </span>pe<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>iodicamente <span class=\"_ _12\"> </span><span class=\"ls4\">e,</span> <span class=\"_\"> </span>ove <span class=\"_\"> </span><span class=\"ls49\">si</span> <span class=\"_\"> </span>riscontrin<span class=\"_ _1\"></span>o <span class=\"_\"> </span>rilevanti cambiamenti rispe<span class=\"_ _1\"></span>tto alle assunzion<span class=\"_ _1\"></span>i adottate in preced<span class=\"_ _1\"></span>enza, la quota di ammo<span class=\"_ _1\"></span>rtamento viene <span class=\"_ _1\"></span>rettificata con il<span class=\"_ _2\"></span> metodo <span class=\"ff22\">\u201cprospe<span class=\"_ _1\"></span>ttico\u201d.<span class=\"ff1f\"> </span></span>Le <span class=\"_ _a\"> </span>spese <span class=\"_ _12\"> </span>incremen<span class=\"_ _1\"></span>tative <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>di <span class=\"_ _a\"> </span>manutenzione <span class=\"_ _a\"> </span>che <span class=\"_ _12\"> </span>pro<span class=\"_ _1\"></span>ducono <span class=\"_ _12\"> </span>u<span class=\"_ _1\"></span>n <span class=\"_ _a\"> </span>significativo <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>tangibile <span class=\"_ _a\"> </span>incremento <span class=\"_ _a\"> </span>della capacit\u00e0 <span class=\"_ _2\"></span>produttiv<span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>sicurezza <span class=\"_ _0\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>cespiti <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>mportano <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>allung<span class=\"_ _1\"></span>amento <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>vita <span class=\"_ _3\"></span>utile <span class=\"_ _e\"></span>degli <span class=\"_ _3\"></span>stessi, vengono <span class=\"_ _7\"></span>capitalizza<span class=\"_ _1\"></span>te <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>portate <span class=\"_ _6\"></span><span class=\"ls4\">ad</span> <span class=\"_ _7\"></span>incremento del cespite su cui<span class=\"_ _1\"></span> vengono realizzate. I costi di manut<span class=\"_ _1\"></span>enzione aventi natura o<span class=\"_ _1\"></span>rdinaria sono im<span class=\"_ _1\"></span>putati direttam<span class=\"_ _1\"></span>ente a conto econo<span class=\"_ _1\"></span>mico. Le <span class=\"_ _e\"></span>migliorie <span class=\"_ _3\"></span>su <span class=\"_ _e\"></span>beni <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>erzi <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>classificate <span class=\"_ _e\"></span>tra <span class=\"_ _3\"></span>le <span class=\"_ _e\"></span>immobilizzazioni <span class=\"_ _3\"></span>materiali, <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>alla <span class=\"_ _3\"></span>natura <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>costo sostenuto. <span class=\"_ _e\"></span>Il <span class=\"_ _e\"></span>periodo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>ammorta<span class=\"_ _1\"></span>mento <span class=\"_ _e\"></span>corrisponde <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>inore <span class=\"_ _e\"></span>tra <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>esidua <span class=\"_ _e\"></span>dell\u2019immobi<span class=\"_ _1\"></span>lizzazione<span class=\"_ _1\"></span> materiale e la dur<span class=\"_ _1\"></span>ata del co<span class=\"_ _1\"></span>ntratto del bene d<span class=\"_ _1\"></span>i terzi. Un <span class=\"_ _e\"></span>bene <span class=\"_ _11\"></span>materiale <span class=\"_ _e\"></span>viene <span class=\"_ _e\"></span>eliminato <span class=\"_ _e\"></span>dal <span class=\"_ _e\"></span>bilancio <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>momento <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>endita <span class=\"_ _11\"></span>o <span class=\"_ _e\"></span>svalutato <span class=\"_ _e\"></span>integralmente <span class=\"_ _12\"> </span>quando non <span class=\"_ _12\"> </span>sussista <span class=\"_ _12\"> </span>alcun<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>beneficio <span class=\"_ _12\"> </span>econom<span class=\"_ _1\"></span>ico <span class=\"_ _12\"> </span>futuro <span class=\"_ _12\"> </span>attes<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>dal <span class=\"_ _12\"> </span>suo <span class=\"_ _12\"> </span>uso <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>dismissio<span class=\"_ _1\"></span>ne. <span class=\"_ _e\"></span>Eventuali <span class=\"_ _e\"></span>perdite<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>utili (calcolati <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>differenz<span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>proventi <span class=\"_ _2\"></span>netti <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>vendita <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>contab<span class=\"_ _1\"></span>ile) <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>inclusi <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span>economico nell\u2019anno della sud<span class=\"_ _1\"></span>detta <span class=\"ff1f\">el<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e.<span class=\"_ _2\"></span> </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=\"_ _2\"></span>irit<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>d\u2019uso<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>su<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>beni <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>leas<span class=\"_ _1\"></span>ing<span class=\"_ _2\"></span> e pa<span class=\"_ _2\"></span>ssivit<span class=\"_ _2\"></span>\u00e0 per<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>ntr<span class=\"_ _2\"></span>atti d<span class=\"_ _2\"></span>i l<span class=\"_ _1\"></span>oc<span class=\"_ _2\"></span>azione<span class=\"_ _1\"></span> Il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>detiene <span class=\"_ _6\"></span>immobili, <span class=\"_ _6\"></span>impianti <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>macchinari <span class=\"_ _6\"></span>(prevalentemente <span class=\"_ _6\"></span>immob<span class=\"_ _1\"></span>ili <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>auto <span class=\"_ _7\"></span>aziendali <span class=\"_ _6\"></span><span class=\"ls4\">ad</span> <span class=\"_ _6\"></span>uso <span class=\"_ _6\"></span>dei dipendenti) <span class=\"_ _2\"></span>utilizza<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>nello <span class=\"_ _2\"></span>svolgimento <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>propria <span class=\"_ _2\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _2\"></span>aziendale, <span class=\"_ _2\"></span>attraverso <span class=\"_ _2\"></span>contratti <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>leasing. <span class=\"_ _2\"></span>Alla <span class=\"_ _2\"></span>data di in<span class=\"_ _1\"></span>izio <span class=\"_ _1\"></span>del l<span class=\"_ _1\"></span>easing <span class=\"_ _1\"></span>si <span class=\"_ _2\"></span>det<span class=\"_ _3\"></span>ermina <span class=\"_ _2\"></span>se il <span class=\"_ _1\"></span>contratto <span class=\"_ _1\"></span>\u00e8, <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>contiene, <span class=\"_ _2\"></span>un leasing. Tale <span class=\"_ _2\"></span>definizione \u00e8 <span class=\"_ _2\"></span>soddisfatta qu<span class=\"_ _1\"></span>ando il <span class=\"_ _11\"></span>contratto <span class=\"_ _e\"></span>trasferisce <span class=\"_ _e\"></span>il <span class=\"_ _6\"></span>diri<span class=\"_ _1\"></span>tto <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>controllare <span class=\"_ _e\"></span>l\u2019utilizzo <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>un\u2019attivit\u00e0 <span class=\"_ _e\"></span>sottostante <span class=\"_ _e\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>un <span class=\"_ _6\"></span>periodo <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>tempo <span class=\"_ _e\"></span>in cambio di un c<span class=\"_ _1\"></span>orr<span class=\"_ _2\"></span>ispet<span class=\"_ _2\"></span>tivo.<span class=\"_ _2\"></span> Alla <span class=\"_ _2\"></span>data <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>decorrenza <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>contratto <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>leasing <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>rileva <span class=\"_ _2\"></span>un\u2019attivit\u00e0 <span class=\"_ _2\"></span>consistente <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>diritto <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>utilizzo <span class=\"_ _2\"></span>dell\u2019attivit\u00e0 sottostante (Dir<span class=\"_ _1\"></span>itto d\u2019uso) e una pa<span class=\"_ _1\"></span>ssivit\u00e0 del <span class=\"_ _1\"></span>leasing.<span class=\"ff1f\"> </span>Il <span class=\"_ _e\"></span>diritto <span class=\"_ _11\"></span>d\u2019uso <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _11\"></span>valutato <span class=\"_ _e\"></span>inizialmente <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>costo, <span class=\"_ _11\"></span>che <span class=\"_ _e\"></span>comprende <span class=\"_ _e\"></span>l\u2019importo <span class=\"_ _e\"></span>iniziale <span class=\"_ _e\"></span>della <span class=\"_ _11\"></span>passivit\u00e0<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _3\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>leasing </span>rettificato per <span class=\"_ _1\"></span>i pagamenti g<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>\u00e0 corrisposti al<span class=\"_ _1\"></span>la data di <span class=\"_ _1\"></span>decorrenz<span class=\"_ _1\"></span>a <span class=\"ls4\">al</span> n<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>o degli in<span class=\"_ _1\"></span>centivi <span class=\"_ _1\"></span><span class=\"ls6\">di<span class=\"ls0\"> leas<span class=\"_ _1\"></span>ing r<span class=\"_ _1\"></span>icevuti, <span class=\"_ _1\"></span>pi\u00f9 </span></span>gli <span class=\"_ _2\"></span>eventuali <span class=\"_ _2\"></span>costi <span class=\"_ _2\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _2\"></span><span class=\"ls2\">lo<span class=\"ls0\"> <span class=\"_ _2\"></span>sm<span class=\"_ _1\"></span>antellamento, <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ff22\">rimozione, il <span class=\"_ _1\"></span>riprist<span class=\"_ _1\"></span>ino dell\u2019a<span class=\"_ _1\"></span>ttivit\u00e0 sot<span class=\"_ _1\"></span>tostante. I<span class=\"_ _1\"></span> Di<span class=\"_ _1\"></span>ritti d\u2019uso <span class=\"_ _1\"></span>sono </span></span></span></span></span>successivamente <span class=\"_ _e\"></span>ammortiz<span class=\"_ _1\"></span>zati <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>quote <span class=\"_ _e\"></span>costanti <span class=\"_ _11\"></span>sul <span class=\"_ _11\"></span>periodo <span class=\"_ _e\"></span>pi\u00f9 <span class=\"_ _11\"></span>breve <span class=\"_ _e\"></span>fra <span class=\"_ _e\"></span>la <span class=\"_ _11\"></span>durata <span class=\"_ _e\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>leasing <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>vita <span class=\"_ _11\"></span>utile stimata delle at<span class=\"_ _1\"></span>tivit\u00e0 consist<span class=\"_ _1\"></span>enti nel diritto di <span class=\"_ _1\"></span>utilizzo. La <span class=\"_ _12\"> </span>passivit\u00e0 <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>leasing <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _12\"> </span>inizialmente <span class=\"_ _12\"> </span>valutata <span class=\"_ _12\"> </span><span class=\"ls4\">al</span> <span class=\"_ _12\"> </span>valore <span class=\"_ _12\"> </span>attuale <span class=\"_ _12\"> </span>dei <span class=\"_ _12\"> </span>pagamenti <span class=\"_ _12\"> </span>dovuti <span class=\"_ _12\"> </span>per <span class=\"_ _6\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>leasing <span class=\"_ _6\"></span>da corrispondere <span class=\"_ _5\"> </span>lungo <span class=\"_ _5\"> </span>la <span class=\"_ _15\"> </span>durata <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>leasing. <span class=\"_ _15\"> </span>Tal<span class=\"_ _1\"></span>i <span class=\"_ _5\"> </span>pagamenti <span class=\"_ _15\"> </span>son<span class=\"_ _1\"></span>o <span class=\"_ _5\"> </span>attualizzati <span class=\"_ _5\"> </span>utilizzando <span class=\"_ _5\"> </span>un <span class=\"_ _15\"> </span>tasso <span class=\"_ _5\"> </span>di indebitamento <span class=\"_ _a\"> </span>increment<span class=\"_ _1\"></span>ale <span class=\"_ _a\"> </span>coerente <span class=\"_ _a\"> </span>con <span class=\"_ _a\"> </span>la <span class=\"_ _a\"> </span>maturity <span class=\"_ _a\"> </span>dei <span class=\"_ _a\"> </span>contratti <span class=\"_ _a\"> </span>sottostanti <span class=\"_ _a\"> </span>quando <span class=\"_ _a\"> </span><span class=\"ls16\">il</span> <span class=\"_ _a\"> </span>tasso <span class=\"_ _a\"></span>di <span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>nteresse implicito <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>el <span class=\"_ _a\"></span>leasing <span class=\"_ _7\"></span>non <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"></span>faci<span class=\"_ _1\"></span>lmente <span class=\"_ _a\"></span>dete<span class=\"_ _1\"></span>rminabile<span class=\"_ _1\"></span>. <span class=\"_ _a\"> </span>I <span class=\"_ _a\"> </span>pagamenti <span class=\"_ _a\"> </span>variabili <span class=\"_ _a\"></span>do<span class=\"_ _1\"></span>vuti <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span>il <span class=\"_ _a\"> </span>leasing <span class=\"_ _7\"></span>che <span class=\"_ _12\"> </span>no<span class=\"_ _1\"></span>n dipendono <span class=\"_ _6\"></span>da <span class=\"_ _6\"> </span>un <span class=\"_ _7\"> </span>indice <span class=\"_ _6\"></span>o <span class=\"_ _6\"> </span>da <span class=\"_ _6\"> </span>un <span class=\"_ _7\"> </span>tasso <span class=\"_ _6\"> </span>sono <span class=\"_ _7\"> </span>rilevati <span class=\"_ _6\"></span>come <span class=\"_ _6\"> </span>costi <span class=\"_ _6\"> </span>nel <span class=\"_ _7\"> </span>periodo <span class=\"_ _6\"></span>in <span class=\"_ _6\"> </span>cui <span class=\"_ _6\"> </span>si<span class=\"_ _3\"></span> <span class=\"_ _6\"> </span>verifica <span class=\"_ _6\"> </span>l\u2019evento <span class=\"_ _6\"> </span>o <span class=\"_ _6\"> </span>l<span class=\"_ _3\"></span>a circostanza che fa <span class=\"_ _a\"> </span>scatta<span class=\"_ _1\"></span>re i pagament<span class=\"_ _1\"></span>i. Dopo la dat<span class=\"_ _1\"></span>a di decorrenz<span class=\"_ _1\"></span>a, la passivit\u00e0 del leasing \u00e8 <span class=\"_ _1\"></span>valutata al <span class=\"_ _1\"></span>costo ammortizzato u<span class=\"_ _1\"></span>sando il metodo de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span> tasso di intere<span class=\"_ _1\"></span>sse effettivo e <span class=\"_ _1\"></span>rideterminata al<span class=\"_ _1\"></span> verificarsi d<span class=\"_ _1\"></span>i taluni even<span class=\"_ _1\"></span>ti. L\u2019identificazion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>del contratto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>leasing <span class=\"_ _3\"></span>(lease <span class=\"_ _3\"></span>term) <span class=\"_ _3\"></span>corrisponde al <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>annullabile <span class=\"_ _3\"></span>del contratto <span class=\"_ _a\"> </span>(<span class=\"_ _3\"></span>non <span class=\"_ _12\"> </span>can<span class=\"_ _1\"></span>cellable <span class=\"_ _a\"> </span>period), <span class=\"_ _12\"> </span>unitamente <span class=\"_ _a\"> </span>ai <span class=\"_ _12\"> </span>periodi <span class=\"_ _12\"> </span>copert<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>da <span class=\"_ _12\"> </span>un\u2019opz<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>one <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>rinnovo <span class=\"_ _a\"></span>o <span class=\"_ _7\"></span>risoluzione anticipata <span class=\"_ _2\"></span>del con<span class=\"_ _1\"></span>tratto, <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>cui <span class=\"_ _2\"></span>esercizio, <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>cui<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ls49\">si<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff22\">detiene il con<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>rollo, \u00e8 cons<span class=\"_ _1\"></span>iderato \u201crag<span class=\"_ _1\"></span>ionevolmente cer<span class=\"_ _1\"></span>to\u201d.<span class=\"ff1f\"> </span></span></span></span></span></span>Il<span class=\"ls0\"> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _0\"></span>applica <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019ecc<span class=\"_ _1\"></span>ezione<span class=\"ff1f\"> <span class=\"_ _0\"></span>alla <span class=\"_ _2\"></span>rilevazio<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span>prev<span class=\"_ _1\"></span>ista <span class=\"_ _0\"></span>per <span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>leasing <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>breve <span class=\"_ _2\"></span>termine<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls4\">ai<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>propr<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>contratti <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>urata </span></span></span></span></span>uguale o <span class=\"_ _1\"></span><span class=\"ff22\">inferiore <span class=\"_ _2\"></span>a 12 mesi <span class=\"_ _2\"></span>dalla data di d<span class=\"_ _2\"></span>ecorrenza. Applica, <span class=\"_ _2\"></span>inoltre, l\u2019eccezion<span class=\"_ _1\"></span>e<span class=\"ff1f\"> <span class=\"_ _2\"></span>al<span class=\"_ _3\"></span>la <span class=\"_ _2\"></span>rilevazione <span class=\"_ _2\"></span>prevista <span class=\"_ _2\"></span>per </span></span>i <span class=\"_ _2\"></span>leasing <span class=\"_ _2\"></span>nei <span class=\"_ _0\"></span>quali <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019attivit\u00e0<span class=\"ff1f\"> <span class=\"_ _2\"></span>sottostante <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff22\">\u201cmodes<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>valore\u201d<span class=\"_ _3\"></span><span class=\"ff1f\"> e <span class=\"ls2\">il</span> cui i<span class=\"_ _3\"></span>mporto \u00e8 stimato come <span class=\"_ _3\"></span>non significativo.<span class=\"_ _1\"></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 <span class=\"_ _1\"></span>breve te<span class=\"_ _1\"></span>rmine e <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>i leasing <span class=\"_ _1\"></span>in cui <span class=\"_ _1\"></span>l\u2019attivit\u00e0 <span class=\"_ _1\"></span>sottostan<span class=\"_ _1\"></span>te \u00e8 d<span class=\"_ _1\"></span>i modes<span class=\"_ _1\"></span>to valo<span class=\"_ _1\"></span>re sono rilevati co<span class=\"_ _1\"></span>me costo a <span class=\"_ _1\"></span>quote costanti per <span class=\"_ _1\"></span>la durata del <span class=\"_ _1\"></span>leasing. Una <span class=\"_ _12\"> </span>modifi<span class=\"_ _1\"></span>ca <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>contratto <span class=\"_ _12\"> </span>di <span class=\"_ _a\"> </span>affitto <span class=\"_ _12\"> </span>si <span class=\"_ _a\"> </span>verifica <span class=\"_ _12\"> </span>quando <span class=\"_ _a\"> </span>c\u2019\u00e8 <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>varia<span class=\"_ _1\"></span>zione <span class=\"_ _a\"> </span>dell\u2019oggetto <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>contratto<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> </span>locazione, <span class=\"_ _3\"></span>o <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>paga<span class=\"_ _1\"></span>menti <span class=\"_ _3\"></span>relativi <span class=\"_ _e\"></span><span class=\"ls3\">al</span> <span class=\"_ _e\"></span>contratto <span class=\"_ _3\"></span><span class=\"ff22\">d\u2019affitto,</span> <span class=\"_ _3\"></span>che <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>faceva <span class=\"_ _3\"></span>parte <span class=\"_ _e\"></span>dei <span class=\"_ _11\"></span>termini <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle <span class=\"_ _11\"></span>condizioni originali <span class=\"_ _7\"> </span>del <span class=\"_ _a\"> </span>contratto <span class=\"_ _7\"> </span>d\u2019affitto. <span class=\"_ _a\"> </span>In <span class=\"_ _a\"> </span>qu<span class=\"_ _1\"></span>esto <span class=\"_ _a\"> </span>ca<span class=\"_ _1\"></span>so, <span class=\"_ _7\"> </span>i<span class=\"_ _3\"></span>l <span class=\"_ _a\"> </span>diritto <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _a\"> </span>e <span class=\"_ _7\"> </span>il <span class=\"_ _a\"> </span>debito <span class=\"_ _a\"> </span>pe<span class=\"_ _1\"></span>r <span class=\"_ _7\"> </span>contratti <span class=\"_ _a\"> </span>d\u2019affitto <span class=\"_ _7\"> </span>vengono aggiornati di conse<span class=\"_ _1\"></span>guenza. Le<span class=\"ls0\"> c<span class=\"_ _1\"></span>omp<span class=\"_ _2\"></span>onent<span class=\"_ _2\"></span>i d<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ntr<span class=\"_ _2\"></span>atti <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>i co<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>ratti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ess<span class=\"_ _2\"></span>i <span class=\"ls16\">la</span> <span class=\"_ _2\"></span>cui<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>loc<span class=\"_ _2\"></span>azio<span class=\"_ _2\"></span>ne \u00e8<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>uci<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>ile<span class=\"_ _2\"></span> <span class=\"ls3\">ad</span> <span class=\"_ _1\"></span><span class=\"ls6\">un<span class=\"ls0\"> <span class=\"_ _2\"></span>contr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> di se<span class=\"_ _1\"></span>rvizi o ad una </span></span></span>concessione di lic<span class=\"_ _1\"></span>enza, sono stati<span class=\"_ _1\"></span> esclusi dal<span class=\"_ _1\"></span>l\u2019ambito di app<span class=\"_ _1\"></span>licazione del<span class=\"_ _1\"></span>l\u2019IFRS 16.<span class=\"ff1f\"> </span>Sono <span class=\"_ _6\"></span>stati <span class=\"_ _7\"></span>identificati <span class=\"_ _6\"></span>contratti <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>sublocazion<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>riconducibili <span class=\"_ _7\"></span>agli <span class=\"_ _6\"></span>immobili <span class=\"_ _7\"></span><span class=\"ls2\">in</span> <span class=\"_ _6\"></span>uso. <span class=\"_ _7\"></span><span class=\"ls7\">Il</span> <span class=\"_ _7\"></span>Gruppo <span class=\"_ _a\"></span>in <span class=\"_ _7\"></span>qualit\u00e0 <span class=\"_ _a\"> </span>di<span class=\"_ _1\"></span> locatore a terzi <span class=\"_ _1\"></span>di spazi im<span class=\"_ _1\"></span>mobiliari ha ident<span class=\"_ _1\"></span>ificato det<span class=\"_ _1\"></span>ti contratti come <span class=\"_ _1\"></span>leasing ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>o.<span class=\"_ _2\"></span> Gli <span class=\"_ _7\"></span>investimenti <span class=\"_ _7\"></span>immobilia<span class=\"_ _1\"></span>ri <span class=\"_ _7\"></span>detenuti <span class=\"_ _7\"></span>per <span class=\"_ _a\"></span>p<span class=\"_ _1\"></span>ercepire <span class=\"_ _7\"></span>canoni <span class=\"_ _7\"></span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span>locazion<span class=\"_ _1\"></span>e, <span class=\"_ _7\"></span>per <span class=\"_ _7\"></span><span class=\"ff22\">l\u2019apprezzamento <span class=\"_ _12\"> </span>del</span> <span class=\"_ _12\"> </span>capitale investito <span class=\"_ _11\"></span>o <span class=\"_ _6\"></span>per <span class=\"_ _11\"></span>entrambe <span class=\"_ _6\"></span><span class=\"ls16\">le</span> <span class=\"_ _11\"></span>motivazioni, <span class=\"_ _6\"></span>sono <span class=\"_ _11\"></span>iscritti <span class=\"_ _11\"></span><span class=\"ls4\">al</span> <span class=\"_ _6\"></span>costo, <span class=\"_ _11\"></span>comprensivo <span class=\"_ _11\"></span>degli <span class=\"_ _6\"></span>oneri <span class=\"_ _7\"></span>accessori <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>diretta imputazione e, ad eccezion<span class=\"_ _1\"></span>e della componente relativa ai terreni, sono <span class=\"_ _1\"></span>siste<span class=\"_ _1\"></span>maticamente <span class=\"_ _2\"></span>ammortizzati <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>quote costanti <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>ogni <span class=\"_ _2\"></span>singolo <span class=\"_ _2\"></span>periodo <span class=\"_ _2\"></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _2\"></span>della vita ut<span class=\"_ _1\"></span>ile stimata. </span></span>I <span class=\"_ _2\"></span>costi<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>sostenuti <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>migliorie <span class=\"_ _1\"></span>vengono <span class=\"_ _2\"></span>imputati <span class=\"_ _2\"></span>ad incr<span class=\"_ _1\"></span>emento <span class=\"_ _2\"></span>dei beni <span class=\"_ _2\"></span>interessati <span class=\"_ _2\"></span>solo se <span class=\"_ _2\"></span>sono <span class=\"_ _0\"></span>attendibilmente stimabili <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>potranno <span class=\"_ _2\"></span>essere <span class=\"_ _0\"></span>recuperati <span class=\"_ _2\"></span>tramite <span class=\"_ _0\"></span>futuri <span class=\"_ _2\"></span>benefici <span class=\"_ _2\"></span>econo<span class=\"_ _1\"></span>mici attesi ad <span class=\"_ _1\"></span>essi associab<span class=\"_ _1\"></span>ili. 23. Pa<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span> co<span class=\"_ _2\"></span>ntratt<span class=\"_ _2\"></span>i di <span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>caz<span class=\"_ _2\"></span>ione Rappresentano <span class=\"ls16\">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 dovuti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls2\">il</span> <span class=\"_ _3\"></span>leasing <span class=\"_ _3\"></span>(aventi <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>superiore <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>dodici <span class=\"_ _3\"></span>mesi <span class=\"_ _3\"></span>ed un importo non d<span class=\"_ _1\"></span>i modesto valo<span class=\"_ _1\"></span>re), valutat<span class=\"_ _1\"></span>i alla data di<span class=\"_ _1\"></span> decorrenza d<span class=\"_ _1\"></span>el contrat<span class=\"_ _1\"></span>to e non ancora ve<span class=\"_ _1\"></span>rsati alla d<span class=\"_ _1\"></span>ata 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=\"_ _2\"></span>nvest<span class=\"_ _2\"></span>iment<span class=\"_ _2\"></span>i immo<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>iar<span class=\"_ _2\"></span>i Gli <span class=\"_ _2\"></span>investimenti <span class=\"_ _2\"></span>immobiliari <span class=\"_ _2\"></span>vengono <span class=\"_ _2\"></span>periodicamente <span class=\"_ _2\"></span>valutati <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>identificare <span class=\"_ _2\"></span>eventuali <span class=\"_ _2\"></span>perdite <span class=\"_ _2\"></span>di va<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>ore <span class=\"_ _2\"></span>come descritto nel paragr<span class=\"_ _1\"></span>afo succ<span class=\"_ _1\"></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=\"_ _2\"></span>ttiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>mmat<span class=\"_ _2\"></span>erial<span class=\"_ _1\"></span>i Sono <span class=\"_ _11\"></span>iscritti <span class=\"_ _e\"></span>tra <span class=\"_ _11\"></span>le <span class=\"_ _11\"></span><span class=\"ff22\">attivit\u00e0 <span class=\"_ _11\"></span>immateriali <span class=\"_ _e\"></span>i <span class=\"_ _11\"></span>costi, <span class=\"_ _11\"></span>inclusivi <span class=\"_ _e\"></span>degli <span class=\"_ _11\"></span>oneri <span class=\"_ _11\"></span>accessori, <span class=\"_ _e\"></span>sostenuti <span class=\"_ _11\"></span>per <span class=\"_ _e\"></span>l\u2019acquisizione <span class=\"_ _e\"></span>di </span>risorse <span class=\"_\"> </span>pr<span class=\"_ _1\"></span>ive <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>consistenza <span class=\"_\"> </span>fi<span class=\"_ _1\"></span>sica <span class=\"_\"> </span>a <span class=\"_ _12\"> </span>condizione <span class=\"_\"> </span>che<span class=\"_ _1\"></span> <span class=\"_\"> </span>il <span class=\"_\"> </span>l<span class=\"_ _1\"></span>oro <span class=\"_\"> </span>am<span class=\"_ _1\"></span>montare <span class=\"_\"> </span>s<span class=\"_ _1\"></span>ia <span class=\"_\"> </span>q<span class=\"_ _1\"></span>uantificabile <span class=\"_ _a\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _a\"> </span><span class=\"ls16\">il</span> <span class=\"_ _a\"> </span>bene <span class=\"_ _a\"></span>sia<span class=\"_ _1\"></span> chiaramente <span class=\"_ _11\"></span>identificabile <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>controllabile <span class=\"_ _11\"></span>dal <span class=\"_ _6\"></span>Gruppo <span class=\"_ _11\"></span>e <span class=\"_ _6\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>l\u2019uso <span class=\"_ _a\"> </span>della <span class=\"_ _a\"> </span>attivit\u00e0 <span class=\"_ _a\"> </span>generer\u00e0 <span class=\"_ _a\"> </span>probabili <span class=\"_ _a\"> </span>benefici economici in <span class=\"_ _1\"></span>futuro. Non <span class=\"_ _17\"> </span>sono <span class=\"_ _17\"> </span>capitalizzati <span class=\"_ _15\"> </span>costi <span class=\"_ _17\"> </span>pubblicitari, <span class=\"_ _17\"> </span>costi <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>impianto <span class=\"_ _17\"> </span>e <span class=\"_ _17\"> </span>ampliamento <span class=\"_ _15\"> </span>e <span class=\"_ _17\"> </span>costi<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _17\"> </span>ricerca. <span class=\"_ _17\"> </span>Le immobilizzaz<span class=\"_ _1\"></span>ioni <span class=\"_ _2\"></span>aventi <span class=\"_ _2\"></span>vi<span class=\"_ _1\"></span>ta <span class=\"_ _2\"></span>utile <span class=\"_ _2\"></span>defini<span class=\"_ _1\"></span>ta <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>siste<span class=\"_ _1\"></span>maticamente <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>mmortizzate <span class=\"_ _0\"></span>a <span class=\"_ _2\"></span>quo<span class=\"_ _3\"></span>te <span class=\"_ _2\"></span>costanti <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>ogni <span class=\"_ _2\"></span>singol<span class=\"_ _1\"></span>o periodo per tener co<span class=\"_ _1\"></span>nto dell<span class=\"_ _1\"></span>a residua possibil<span class=\"_ _1\"></span>it\u00e0 di utilizzaz<span class=\"_ _1\"></span>ione. La <span class=\"_\"> </span>voc<span class=\"_ _1\"></span>e <span class=\"_\"> </span>\u201ca<span class=\"_ _2\"></span>vviame<span class=\"_ _2\"></span>nto\u201d<span class=\"_ _1\"></span> <span class=\"_\"> </span><span class=\"ls49\">si</span> <span class=\"_\"> </span>ri<span class=\"_ _1\"></span>fer<span class=\"_ _2\"></span>isce <span class=\"_\"> </span><span class=\"ls48\">al</span> <span class=\"_\"> </span>mag<span class=\"_ _1\"></span>gio<span class=\"_ _2\"></span>r <span class=\"_\"> </span>val<span class=\"_ _1\"></span>ore<span class=\"_ _2\"></span> <span class=\"_\"> </span>attrib<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ito<span class=\"_ _1\"></span> <span class=\"_\"> </span><span class=\"ls16\">in</span> <span class=\"_\"> </span>se<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span> <span class=\"_\"> </span><span class=\"ls1\">di</span> <span class=\"_\"> </span>prim<span class=\"_ _1\"></span>o <span class=\"_\"> </span>co<span class=\"_ _2\"></span>nsoli<span class=\"_ _1\"></span>da<span class=\"_ _2\"></span>mento<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>una partecipazione <span class=\"_ _2\"></span>o <span class=\"_ _0\"></span>identificato <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>via <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>esiduale <span class=\"_ _2\"></span><span class=\"ff22\">da<span class=\"_ _1\"></span>ll\u2019eccedenza<span class=\"ff1f\"> <span class=\"_ _2\"></span>del <span class=\"_ _0\"></span>costo <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>acquisizione <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _1\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f\">delle </span></span></span></span></span></span></span></span>attivit\u00e0, passivit<span class=\"_ _1\"></span>\u00e0 e passivit<span class=\"_ _1\"></span>\u00e0 potenziali iden<span class=\"_ _1\"></span>tificabili di alcu<span class=\"_ _1\"></span>ne societ\u00e0 con<span class=\"_ _1\"></span>trollate a<span class=\"_ _1\"></span>lla data di acquis<span class=\"_ _1\"></span>izione. Gli <span class=\"_ _12\"> </span>avviamenti <span class=\"_ _a\"> </span>e <span class=\"_\"> </span>l<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>immobilizzaz<span class=\"_ _1\"></span>ioni <span class=\"_ _12\"> </span>immate<span class=\"_ _1\"></span>riali <span class=\"_ _12\"> </span>avent<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>vita <span class=\"_ _12\"> </span>utile <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>ndefinita <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>vengono <span class=\"_ _12\"> </span>sottopos<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _12\"> </span>ad ammortamento,<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>bens\u00ec <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>periodiche <span class=\"_ _e\"></span>verifiche <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>identificare <span class=\"_ _e\"></span>eventuali <span class=\"_ _e\"></span>perdite <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>valore, <span class=\"_ _e\"></span>cos\u00ec <span class=\"_ _e\"></span>come <span class=\"_ _e\"></span>descritto nel <span class=\"_ _6\"></span>paragrafo <span class=\"_ _6\"></span>\u201cPerdite <span class=\"_ _11\"></span>di <span class=\"_ _6\"> </span>valore <span class=\"_ _6\"> </span>di <span class=\"_ _6\"></span>attivit\u00e0\u201d. <span class=\"_ _6\"></span>Qualora <span class=\"_ _11\"></span>i <span class=\"_ _6\"> </span>flussi<span class=\"_ _3\"></span> <span class=\"_ _1cf\"> </span>di <span class=\"_ _11\"></span>ca<span class=\"_ _3\"></span>ssa <span class=\"_ _6\"></span>attesi <span class=\"_ _11\"></span>attualizzati <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>permettano <span class=\"_ _11\"></span>il recupero dell\u2019inv<span class=\"_ _1\"></span>estimento <span class=\"_ _1\"></span>iniziale, l\u2019attivi<span class=\"_ _1\"></span>t\u00e0 iscritta vi<span class=\"_ _1\"></span>ene congruament<span class=\"_ _1\"></span>e svalutata<span class=\"_ _1\"></span>. Il<span class=\"ls0\"> <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>aggior <span class=\"_ _e\"></span>valore <span class=\"_ _e\"></span>attribuito<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls4\">ad</span> <span class=\"_ _e\"></span>una <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _e\"></span>immateriale <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>definita, <span class=\"_ _e\"></span>iscritto <span class=\"_ _3\"></span><span class=\"ls2\">in</span> <span class=\"_ _e\"></span>applicazione <span class=\"_ _7\"></span><span class=\"ff22\">dell<span class=\"_ _1\"></span>\u2019I<span class=\"_ _1\"></span>FR<span class=\"_ _2\"></span>S<span class=\"ff1f\"> <span class=\"_ _11\"></span>3 <span class=\"_ _e\"></span>a </span></span></span>seg<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span><span class=\"ff22\">del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _1\"></span>acq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _2\"></span><span class=\"ff1f\"> <span class=\"ls6\">di</span> <span class=\"_ _2\"></span><span class=\"ls6\">una<span class=\"ls0\"> par<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span>cipaz<span class=\"_ _2\"></span>ione <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>sed<span class=\"_ _2\"></span>e <span class=\"ls1\">di</span> p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>mo <span class=\"_ _2\"></span>cons<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>lid<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>viene ammortizzato se <span class=\"_ _3\"></span>riferito </span></span></span></span></span></span>ad <span class=\"_\"> </span>immobilizzazion<span class=\"_ _1\"></span>i <span class=\"_\"> </span>a <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>def<span class=\"_ _1\"></span>inita. <span class=\"_\"> </span>Qualora <span class=\"_\"> </span>i<span class=\"_ _1\"></span>l <span class=\"_\"> </span>maggior <span class=\"_\"> </span>valo<span class=\"_ _1\"></span>re <span class=\"_\"> </span>sia <span class=\"_\"> </span>attribuito <span class=\"_\"> </span>ad <span class=\"_\"> </span>i<span class=\"_ _1\"></span>mmobilizzazi<span class=\"_ _1\"></span>oni immateriali a vita utile indefinita, non viene ammortizzato. Tal<span class=\"_ _1\"></span>i attivit\u00e0 sono assoggettate ad <span class=\"_ _3\"></span><span class=\"ff24\">impairment test</span>, cos\u00ec come prev<span class=\"_ _1\"></span>isto dallo IA<span class=\"_ _1\"></span>S 36. Vengono <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>seguito <span class=\"_ _2\"></span>indic<span class=\"_ _1\"></span>ati <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>periodi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>ammo<span class=\"_ _1\"></span>rtamento <span class=\"_ _2\"></span>adottati <span class=\"_ _2\"></span>per <span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>varie <span class=\"_ _2\"></span>voci <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 im<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>ter<span class=\"_ _2\"></span>iali<span class=\"_ _1\"></span>: Co<span class=\"_ _2\"></span>nces<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>cenz<span class=\"_ _2\"></span>e,<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e di<span class=\"_ _0\"></span>ri<span class=\"_ _2\"></span>tti<span class=\"_ _2\"></span> si<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _1d0\"> </span>d<span class=\"_ _1\"></span>a 3 a <span class=\"_ _3\"></span>5<span class=\"_ _1\"></span> ann<span class=\"_ _2\"></span>iP<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> soft<span class=\"_ _1\"></span>ware<span class=\"_ _1c6\"> </span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> 3 a <span class=\"_ _3\"></span>5<span class=\"_ _1\"></span> ann<span class=\"_ _2\"></span>iTestate<span class=\"_ _1d1\"> </span>d<span class=\"_ _1\"></span>a 10<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ann<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> o i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>defi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>taDi<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _1d2\"> </span>sec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t\u00e0Al<span class=\"_ _2\"></span>tre i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _1d3\"> </span>d<span class=\"_ _1\"></span>a 2 a <span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ann<span class=\"_ _2\"></span>iLe <span class=\"_ _a\"> </span>testate <span class=\"_ _a\"></span>a <span class=\"_ _7\"></span>vita <span class=\"_ _a\"> </span>utile <span class=\"_ _7\"></span>definita <span class=\"_ _a\"> </span>sono <span class=\"_ _a\"> </span>ammortizza<span class=\"_ _1\"></span>te <span class=\"_ _7\"></span><span class=\"ls2\">in</span> <span class=\"_ _a\"> </span>un <span class=\"_ _a\"> </span>periodo <span class=\"_ _7\"></span>tra <span class=\"_ _a\"> </span>i <span class=\"_ _a\"> </span>dieci <span class=\"_ _7\"></span>anni <span class=\"_ _a\"> </span>e <span class=\"_ _a\"> </span>i <span class=\"_ _a\"></span>trent\u2019ann<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>dalla<span class=\"ff1f\"> <span class=\"_ _f\"> </span>data </span>dell\u2019acquisto <span class=\"_ _12\"> </span><span class=\"ls2\">in</span> <span class=\"_\"> </span>funzi<span class=\"_ _1\"></span>one <span class=\"_\"> </span>della <span class=\"_ _12\"> </span>loro <span class=\"_\"> </span>residua <span class=\"_ _12\"> </span>possibilit\u00e0 <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>utilizzo. <span class=\"_\"> </span>Ta<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>e <span class=\"_\"> </span>pe<span class=\"_ _1\"></span>riodo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>viene riesaminato <span class=\"_ _3\"></span>periodicamente<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>alla <span class=\"_ _e\"></span>luce <span class=\"_ _3\"></span>dell\u2019andamento <span class=\"_ _3\"></span>economico <span class=\"_ _3\"></span>prospettico <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>partecipate <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>detengono le testate. I <span class=\"_ _e\"></span>diritti <span class=\"_ _11\"></span>pluriennali <span class=\"_ _e\"></span>(di <span class=\"_ _11\"></span>durata <span class=\"_ _e\"></span>superiore <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>12 <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>esi) <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>ut<span class=\"_ _3\"></span>ilizzazione <span class=\"_ _e\"></span>televisiva <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>film, <span class=\"_ _11\"></span>serie, <span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>elefil<span class=\"_ _1\"></span>m, <span class=\"_ _e\"></span>cartoni animati, <span class=\"_ _6\"></span>concerti <span class=\"_ _7\"></span>classici, <span class=\"_ _6\"></span>corti, <span class=\"_ _7\"></span>documentari, <span class=\"_ _6\"></span>reportage <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>simili, <span class=\"_ _6\"></span>compresi <span class=\"_ _7\"></span>gli<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>oneri <span class=\"_ _6\"></span>accessori <span class=\"_ _11\"></span>(doppiaggio, edizioni <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>material<span class=\"_ _1\"></span>i), <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>ivi <span class=\"_ _e\"></span>compresi <span class=\"_ _3\"></span>quelli <span class=\"_ _e\"></span>inseriti <span class=\"_ _e\"></span><span class=\"ff22\">all\u2019interno <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>produzioni, <span class=\"_ _e\"></span>ac<span class=\"_ _3\"></span>quistat<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>ediante <span class=\"_ _e\"></span>contratto <span class=\"_ _e\"></span>di </span>licenza, <span class=\"_ _e\"></span>vengono <span class=\"_ _e\"></span>iscritti <span class=\"_ _e\"></span>nella <span class=\"_ _11\"></span>voce <span class=\"_ _11\"></span>\u201cdiritti <span class=\"_ _e\"></span>televisivi\u201d <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>ammortizzati <span class=\"_ _e\"></span>in <span class=\"_ _11\"></span>quote <span class=\"_ _e\"></span>costanti <span class=\"_ _e\"></span>annuali <span class=\"_ _11\"></span>nel <span class=\"_ _e\"></span>periodo della loro disponibilit\u00e0 stabilito dal contratto di<span class=\"_ _3\"></span> <span class=\"ff22\">licenza a par<span class=\"_ _3\"></span>tire dall\u2019esercizio in cui sono disponibili e <span class=\"_ _3\"></span>pronti </span>per <span class=\"_ _148\"> </span>l\u2019uso. <span class=\"_ _148\"> </span>Nel <span class=\"_ _c\"> </span>caso <span class=\"_ _148\"> </span>in <span class=\"_ _c\"> </span>cui<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span> <span class=\"_ _148\"> </span>diritti <span class=\"_ _c\"> </span>abbiano <span class=\"_ _148\"> </span>esaurito <span class=\"_ _c\"> </span>i <span class=\"_ _148\"> </span>passaggi <span class=\"_ _148\"> </span>disponibili, <span class=\"_ _c\"> </span>indipendentemen<span class=\"_ _1\"></span>te dall\u2019ammortamen<span class=\"_ _1\"></span>to<span class=\"ff1f\"> <span class=\"_ _3\"></span>gi\u00e0 contabilizzato, <span class=\"_ _3\"></span><span class=\"ls2\">il</span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>residuo viene <span class=\"_ _3\"></span>interamente adde<span class=\"_ _3\"></span>bitato a <span class=\"_ _3\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _11\"></span>nel </span>periodo <span class=\"_ _7\"> </span>in <span class=\"_ _7\"> </span>cui <span class=\"_ _7\"> </span>si <span class=\"_ _7\"> </span>\u00e8 <span class=\"_ _a\"> </span>verifi<span class=\"_ _1\"></span>cato <span class=\"_ _7\"> </span>l\u2019ultimo <span class=\"_ _7\"> </span>passagg<span class=\"_ _1\"></span>io. <span class=\"_ _7\"> </span>I <span class=\"_ _7\"> </span>diritti <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _a\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _7\"> </span>frequenze <span class=\"_ _6\"> </span>televisive <span class=\"_ _7\"> </span>sono <span class=\"_ _7\"> </span>ammortizzati secondo la loro du<span class=\"_ _1\"></span>rata. La <span class=\"_\"> </span>vita <span class=\"_\"> </span>ut<span class=\"_ _1\"></span>ile <span class=\"_\"> </span><span class=\"ls3\">ed</span> <span class=\"_\"> </span><span class=\"ls2\">il</span> <span class=\"_\"> </span>c<span class=\"_ _1\"></span>riterio <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>ammortamento <span class=\"_\"> </span>sono<span class=\"_ _1\"></span> <span class=\"_\"> </span>rivisti <span class=\"_\"> </span>per<span class=\"_ _1\"></span>iodicamente <span class=\"_ _12\"> </span><span class=\"ls4\">e,</span> <span class=\"_\"> </span>ove <span class=\"_\"> </span><span class=\"ls33\">si</span> <span class=\"_ _12\"> </span>riscontrino <span class=\"_\"> </span>rilevanti cambiamenti rispe<span class=\"_ _1\"></span>tto alle assunzion<span class=\"_ _1\"></span>i adottate in preced<span class=\"_ _1\"></span>enza, la quota di ammo<span class=\"_ _1\"></span>rtamento viene <span class=\"_ _1\"></span>rettificata con il<span class=\"_ _2\"></span> metodo <span class=\"ff22\">\u201cprospe<span class=\"_ _1\"></span>ttico\u201d.<span class=\"ff1f\"> </span></span>Sono <span class=\"_ _6\"></span>iscritti <span class=\"_ _6\"> </span>nelle <span class=\"_ _6\"></span>immobilizzazioni <span class=\"_ _11\"></span>in <span class=\"_ _7\"> </span>corso <span class=\"_ _6\"></span>i <span class=\"_ _6\"> </span>costi <span class=\"_ _6\"> </span>sostenuti <span class=\"_ _6\"> </span>per <span class=\"_ _6\"> </span>l\u2019acquisizione <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>la <span class=\"_ _6\"> </span>produzione<span class=\"_ _e\"></span><span class=\"ff1f\"> <span class=\"_ _3\"></span>interna <span class=\"_ _e\"></span><span class=\"ls6\">di</span> </span>attivit\u00e0 <span class=\"_ _2\"></span>immateri<span class=\"_ _1\"></span>ali, <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>qual<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>sia <span class=\"_ _2\"></span>ancora <span class=\"_ _2\"></span>stata <span class=\"_ _0\"></span>acquisita <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>piena <span class=\"_ _1\"></span>titolarit\u00e0<span class=\"_ _1\"></span> del <span class=\"_ _2\"></span>diritto o r<span class=\"_ _1\"></span>iguardanti <span class=\"_ _1\"></span>progett<span class=\"_ _1\"></span>i </span></span></span></span>non an<span class=\"_ _2\"></span>cora completat<span class=\"_ _1\"></span>i. L<span class=\"_ _2\"></span>e immobilizza<span class=\"_ _1\"></span>zioni <span class=\"_ _2\"></span>in corso <span class=\"_ _2\"></span>rimangono <span class=\"_ _2\"></span>iscr<span class=\"_ _1\"></span>itte <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>tale <span class=\"_ _2\"></span>voc<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>fino <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>momento <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>loro </span></span></span></span>utilizzazione economica: da <span class=\"_ _e\"></span>tale momento sono <span class=\"_ _1\"></span>riclassifica<span class=\"_ _1\"></span>te nelle rispettive <span class=\"_ _1\"></span>voci di comp<span class=\"_ _1\"></span>etenza delle at<span class=\"_ _1\"></span>tivit\u00e0 immateriali ed am<span class=\"_ _1\"></span>mortizzate. Le<span class=\"ls0\"> immobiliz<span class=\"_ _1\"></span>zazioni <span class=\"ls2\">in</span> <span class=\"_ _2\"></span>corso sono assog<span class=\"_ _1\"></span>gettate <span class=\"ls4\">ad</span> <span class=\"_ _2\"></span><span class=\"ff24\">impairment test, <span class=\"_ _1\"></span><span class=\"ff1f\">cos\u00ec co<span class=\"_ _1\"></span>me pre<span class=\"_ _1\"></span>visto dallo IA<span class=\"_ _1\"></span>S 36. </span></span></span>Gli <span class=\"_ _2\"></span>oneri <span class=\"_ _2\"></span>finanziari <span class=\"_ _2\"></span>sono <span class=\"_ _1\"></span>capit<span class=\"_ _1\"></span>alizzati <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>immateriali <span class=\"_ _2\"></span>acquisite ov<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>richiedano <span class=\"_ _2\"></span>un rilevante periodo <span class=\"_ _1\"></span>di tempo pri<span class=\"_ _1\"></span>ma di essere pron<span class=\"_ _1\"></span>te per l<span class=\"_ _1\"></span>\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=\"_ _2\"></span>erdi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>valor<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> n<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _2\"></span>rie La soc<span class=\"_ _3\"></span>iet\u00e0 verifica, almeno u<span class=\"_ _3\"></span><span class=\"ff22\">na <span class=\"_ _3\"></span>volta <span class=\"_ _3\"></span>all\u2019anno, la <span class=\"_ _3\"></span>recuperabilit\u00e0 del valore <span class=\"_ _3\"></span>contabile delle <span class=\"_ _3\"></span>attivit\u00e0 immateriali </span>a <span class=\"_ _2\"></span>vita <span class=\"_ _2\"></span>utile <span class=\"_ _2\"></span>indefinita, <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>corso, <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>ogni <span class=\"_ _2\"></span>volta <span class=\"_ _6\"></span>che <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>manifestano <span class=\"_ _2\"></span>ind<span class=\"_ _1\"></span>icatori <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>potenziale riduzione <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>valo<span class=\"_ _1\"></span>re, <span class=\"_ _7\"></span>la <span class=\"_ _a\"> </span>recuperabi<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _a\"> </span>valore <span class=\"_ _7\"></span>contabile <span class=\"_ _7\"></span>delle <span class=\"_ _a\"> </span>immobili<span class=\"_ _1\"></span>zzazioni <span class=\"_ _7\"></span>materiali <span class=\"_ _7\"></span>e <span class=\"_ _a\"> </span>delle <span class=\"_ _7\"></span>attivit\u00e0 immateriali <span class=\"_ _1\"></span>a v<span class=\"_ _1\"></span>ita u<span class=\"_ _1\"></span>tile def<span class=\"_ _1\"></span>inita, non<span class=\"_ _1\"></span>ch\u00e9 <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>partecipa<span class=\"_ _1\"></span>zioni, a<span class=\"_ _1\"></span>l fin<span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>determina<span class=\"_ _1\"></span>re se <span class=\"_ _2\"></span>tali attivit\u00e0 <span class=\"_ _1\"></span>possano <span class=\"_ _1\"></span>aver subito una <span class=\"_ _2\"></span>perdita di <span class=\"_ _2\"></span>valore. Se <span class=\"_ _1\"></span>esiste un<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>tale <span class=\"_ _1\"></span>evidenza,<span class=\"_ _1\"></span> il <span class=\"_ _1\"></span>valore <span class=\"_ _2\"></span>di carico <span class=\"_ _1\"></span>de<span class=\"ff22\">ll\u2019attivit\u00e0 v<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ene r<span class=\"_ _1\"></span>idotto <span class=\"_ _1\"></span>al r<span class=\"_ _1\"></span>elativo<span class=\"ff1f\"> </span></span>valore <span class=\"_ _2\"></span>recupe<span class=\"_ _1\"></span>rabile. <span class=\"_ _2\"></span><span class=\"ls7\">Il<span class=\"ls0\"> <span class=\"_ _0\"></span>val<span class=\"_ _3\"></span>ore <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>ecuperabile <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ff22\">un\u2019a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"ff1f\"> <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>maggiore <span class=\"_ _0\"></span><span class=\"ls2\">tra<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f ls4\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>vendita </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>ed<span class=\"ls0\"> <span class=\"ls16\">il</span> suo valore <span class=\"ff22\">d\u2019uso.</span> <span class=\"ls7\">Il</span> <span class=\"ff24\">fair value </span>\u00e8 determin<span class=\"_ _1\"></span>ato con riferiment<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>ai <span class=\"_ _e\"></span>prezzi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>mercato. <span class=\"_ _3\"></span>In <span class=\"_ _e\"></span>assenza <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valori <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> </span>mercato v<span class=\"_ _1\"></span>engono <span class=\"_ _1\"></span>utilizza<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>metodi di<span class=\"_ _1\"></span> sti<span class=\"_ _1\"></span>ma e <span class=\"_ _2\"></span>modelli valu<span class=\"_ _1\"></span>tativi ba<span class=\"_ _1\"></span>sati <span class=\"_ _1\"></span>su dat<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>munque <span class=\"_ _2\"></span>rilevabili sul <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ercato. Il <span class=\"_ _e\"></span>valore <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _3\"></span>definito <span class=\"_ _e\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _e\"></span>dell\u2019attualizzaz<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>dei <span class=\"_ _e\"></span>flussi <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _e\"></span>attesi <span class=\"_ _e\"></span>dall\u2019utilizzo <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>dalla <span class=\"_ _3\"></span>vendita del bene (o da un\u2019a<span class=\"_ _1\"></span>ggregazi<span class=\"_ _1\"></span>one di beni, c.d. <span class=\"ff24\">cash gen<span class=\"_ _1\"></span>erating unit<span class=\"ff1f ls7\">).<span class=\"ls0\"> </span></span></span>Quando, su<span class=\"_ _1\"></span>ccessivamen<span class=\"_ _1\"></span>te, la <span class=\"_ _2\"></span>per<span class=\"_ _3\"></span>dita d<span class=\"_ _1\"></span>i va<span class=\"_ _1\"></span>lore di <span class=\"_ _1\"></span>un\u2019attivit<span class=\"_ _1\"></span>\u00e0 diversa <span class=\"_ _1\"></span>dall\u2019av<span class=\"_ _1\"></span>viamento <span class=\"_ _1\"></span>viene m<span class=\"_ _1\"></span>eno o <span class=\"_ _2\"></span>si<span class=\"_ _3\"></span> rid<span class=\"_ _1\"></span>uce, il valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>dell\u2019attivit\u00e0 <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _1\"></span>incrementato <span class=\"_ _2\"></span><span class=\"ff1f\">sino <span class=\"_ _1\"></span>alla <span class=\"_ _2\"></span>nuova <span class=\"_ _2\"></span>stima <span class=\"_ _2\"></span>del va<span class=\"_ _1\"></span>lore <span class=\"_ _2\"></span>recuperabile <span class=\"_ _2\"></span>e n<span class=\"_ _1\"></span>ei <span class=\"_ _2\"></span>limiti <span class=\"_ _1\"></span>del <span class=\"_ _2\"></span>valore </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>fosse <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>alcuna <span class=\"_ _3\"></span>perdita <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>riduzione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>degli eventuali ammor<span class=\"_ _1\"></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=\"_ _2\"></span>erdi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>valor<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> n<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _2\"></span>rie La soc<span class=\"_ _3\"></span>iet\u00e0 verifica, almeno u<span class=\"_ _3\"></span><span class=\"ff22\">na <span class=\"_ _3\"></span>volta <span class=\"_ _3\"></span>all\u2019anno, la <span class=\"_ _3\"></span>recuperabilit\u00e0 del valore <span class=\"_ _3\"></span>contabile delle <span class=\"_ _3\"></span>attivit\u00e0 immateriali </span>a <span class=\"_ _2\"></span>vita <span class=\"_ _2\"></span>utile <span class=\"_ _2\"></span>indefinita, <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>corso, <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>ogni <span class=\"_ _2\"></span>volta <span class=\"_ _6\"></span>che <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>manifestano <span class=\"_ _2\"></span>ind<span class=\"_ _1\"></span>icatori <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>potenziale riduzione <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>valo<span class=\"_ _1\"></span>re, <span class=\"_ _7\"></span>la <span class=\"_ _a\"> </span>recuperabi<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _a\"> </span>valore <span class=\"_ _7\"></span>contabile <span class=\"_ _7\"></span>delle <span class=\"_ _a\"> </span>immobili<span class=\"_ _1\"></span>zzazioni <span class=\"_ _7\"></span>materiali <span class=\"_ _7\"></span>e <span class=\"_ _a\"> </span>delle <span class=\"_ _7\"></span>attivit\u00e0 immateriali <span class=\"_ _1\"></span>a v<span class=\"_ _1\"></span>ita u<span class=\"_ _1\"></span>tile def<span class=\"_ _1\"></span>inita, non<span class=\"_ _1\"></span>ch\u00e9 <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>partecipa<span class=\"_ _1\"></span>zioni, a<span class=\"_ _1\"></span>l fin<span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>determina<span class=\"_ _1\"></span>re se <span class=\"_ _2\"></span>tali attivit\u00e0 <span class=\"_ _1\"></span>possano <span class=\"_ _1\"></span>aver subito una <span class=\"_ _2\"></span>perdita di <span class=\"_ _2\"></span>valore. Se <span class=\"_ _1\"></span>esiste un<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>tale <span class=\"_ _1\"></span>evidenza,<span class=\"_ _1\"></span> il <span class=\"_ _1\"></span>valore <span class=\"_ _2\"></span>di carico <span class=\"_ _1\"></span>de<span class=\"ff22\">ll\u2019attivit\u00e0 v<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ene r<span class=\"_ _1\"></span>idotto <span class=\"_ _1\"></span>al r<span class=\"_ _1\"></span>elativo<span class=\"ff1f\"> </span></span>valore <span class=\"_ _2\"></span>recupe<span class=\"_ _1\"></span>rabile. <span class=\"_ _2\"></span><span class=\"ls7\">Il<span class=\"ls0\"> <span class=\"_ _0\"></span>val<span class=\"_ _3\"></span>ore <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>ecuperabile <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ff22\">un\u2019a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"ff1f\"> <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>maggiore <span class=\"_ _0\"></span><span class=\"ls2\">tra<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f ls4\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>vendita </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>ed<span class=\"ls0\"> <span class=\"ls16\">il</span> suo valore <span class=\"ff22\">d\u2019uso.</span> <span class=\"ls7\">Il</span> <span class=\"ff24\">fair value </span>\u00e8 determin<span class=\"_ _1\"></span>ato con riferiment<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>ai <span class=\"_ _e\"></span>prezzi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>mercato. <span class=\"_ _3\"></span>In <span class=\"_ _e\"></span>assenza <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valori <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> </span>mercato v<span class=\"_ _1\"></span>engono <span class=\"_ _1\"></span>utilizza<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>metodi di<span class=\"_ _1\"></span> sti<span class=\"_ _1\"></span>ma e <span class=\"_ _2\"></span>modelli valu<span class=\"_ _1\"></span>tativi ba<span class=\"_ _1\"></span>sati <span class=\"_ _1\"></span>su dat<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>munque <span class=\"_ _2\"></span>rilevabili sul <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ercato. Il <span class=\"_ _e\"></span>valore <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _3\"></span>definito <span class=\"_ _e\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _e\"></span>dell\u2019attualizzaz<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>dei <span class=\"_ _e\"></span>flussi <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _e\"></span>attesi <span class=\"_ _e\"></span>dall\u2019utilizzo <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>dalla <span class=\"_ _3\"></span>vendita del bene (o da un\u2019a<span class=\"_ _1\"></span>ggregazi<span class=\"_ _1\"></span>one di beni, c.d. <span class=\"ff24\">cash gen<span class=\"_ _1\"></span>erating unit<span class=\"ff1f ls7\">).<span class=\"ls0\"> </span></span></span>Quando, su<span class=\"_ _1\"></span>ccessivamen<span class=\"_ _1\"></span>te, la <span class=\"_ _2\"></span>per<span class=\"_ _3\"></span>dita d<span class=\"_ _1\"></span>i va<span class=\"_ _1\"></span>lore di <span class=\"_ _1\"></span>un\u2019attivit<span class=\"_ _1\"></span>\u00e0 diversa <span class=\"_ _1\"></span>dall\u2019av<span class=\"_ _1\"></span>viamento <span class=\"_ _1\"></span>viene m<span class=\"_ _1\"></span>eno o <span class=\"_ _2\"></span>si<span class=\"_ _3\"></span> rid<span class=\"_ _1\"></span>uce, il valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>dell\u2019attivit\u00e0 <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _1\"></span>incrementato <span class=\"_ _2\"></span><span class=\"ff1f\">sino <span class=\"_ _1\"></span>alla <span class=\"_ _2\"></span>nuova <span class=\"_ _2\"></span>stima <span class=\"_ _2\"></span>del va<span class=\"_ _1\"></span>lore <span class=\"_ _2\"></span>recuperabile <span class=\"_ _2\"></span>e n<span class=\"_ _1\"></span>ei <span class=\"_ _2\"></span>limiti <span class=\"_ _1\"></span>del <span class=\"_ _2\"></span>valore </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>fosse <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>alcuna <span class=\"_ _3\"></span>perdita <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>riduzione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>degli eventuali ammor<span class=\"_ _1\"></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=\"_ _1\"></span>ed<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>ltre<span class=\"_ _2\"></span> Att<span class=\"_ _1\"></span>ivit<span class=\"_ _2\"></span>\u00e0 fi<span class=\"_ _1\"></span>nanz<span class=\"_ _2\"></span>iarie I <span class=\"_ _3\"></span>crediti,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _e\"></span>eccezion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>dei <span class=\"_ _e\"></span>crediti <span class=\"_ _3\"></span>commerciali, <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span><span class=\"ls16\">le</span> <span class=\"_ _e\"></span>altre <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>inizialmente <span class=\"_ _11\"></span>rilevate <span class=\"_ _e\"></span><span class=\"ls4\">al</span> <span class=\"_ _3\"></span><span class=\"ff24\">fair </span>value<span class=\"ff1f\">, <span class=\"_ _11\"></span>oltre, <span class=\"_ _11\"></span>nel <span class=\"_ _11\"></span>solo <span class=\"_ _e\"></span><span class=\"ls4\">caso</span> <span class=\"_ _11\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _11\"></span><span class=\"ff22\">un\u2019attivit\u00e0</span> <span class=\"_ _e\"></span>finanziaria <span class=\"_ _11\"></span>classificata <span class=\"_ _11\"></span><span class=\"ls3\">al</span> <span class=\"_ _11\"></span></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _e\"></span><span class=\"ff1f\">con <span class=\"_ _a\"></span>v<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>az<span class=\"_ _1\"></span>io<span class=\"_ _2\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>im<span class=\"_ _2\"></span>put<span class=\"_ _2\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>co<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> </span>ec<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>omi<span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span> gli<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>es<span class=\"_ _2\"></span>so<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i di<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ac<span class=\"_ _1\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>is<span class=\"_ _2\"></span>izi<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> I cr<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>it<span class=\"_ _2\"></span>i com<span class=\"_ _2\"></span>mer<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>i al<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>rilevazione <span class=\"_ _3\"></span>iniziale <span class=\"_ _3\"></span>sono valutati <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>prezzo <span class=\"_ _2\"></span>stabilito <span class=\"_ _2\"></span>nell<span class=\"_ _1\"></span>\u2019operazione. <span class=\"_ _2\"></span>Il <span class=\"_ _2\"></span>management <span class=\"_ _2\"></span>deter<span class=\"_ _1\"></span>mina <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>classificazione <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>finanziar<span class=\"_ _1\"></span>ie secondo i criteri def<span class=\"_ _1\"></span>initi dal<span class=\"_ _1\"></span>l\u2019IFRS 9 e come r<span class=\"_ _1\"></span>ichiesto dall\u2019I<span class=\"_ _1\"></span>FRS 7 al momen<span class=\"_ _1\"></span>to della lo<span class=\"_ _1\"></span>ro prima iscri<span class=\"_ _1\"></span>zione.<span class=\"ff1f\"> </span>Successivamente <span class=\"_ _0\"></span>all\u2019iscrizione <span class=\"_ _2\"></span>iniziale, <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span><span class=\"ff1f\">attivit\u00e0 <span class=\"_ _2\"></span>f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>valu<span class=\"_ _1\"></span>tate <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>relaz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>alla <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>oro <span class=\"_ _2\"></span>classifica<span class=\"_ _1\"></span>zione </span>all\u2019interno di un<span class=\"_ _1\"></span>a delle segu<span class=\"_ _1\"></span>enti categorie:<span class=\"ff1f\"> </span><span class=\"ff1f fs7 fc0\">al <span class=\"_ _e\"></span>costo <span class=\"_ _e\"></span>ammortizz<span class=\"_ _1\"></span>ato: <span class=\"_ _e\"></span>la <span class=\"_ _3\"></span>valutazione <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>crediti <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>altre <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _e\"></span>finanziarie <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>effettuata <span class=\"_ _e\"></span>secondo <span class=\"ls16\">il</span> criterio <span class=\"_ _2\"></span>del </span>costo <span class=\"_ _e\"></span>ammortizzato, <span class=\"_ _e\"></span>rileva<span class=\"_ _1\"></span>ndo <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>conto <span class=\"_ _11\"></span>economico <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>interessi <span class=\"_ _e\"></span>calcolat<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>tasso <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>interesse <span class=\"_ _7\"></span>effettivo <span class=\"_ _7\"></span>ossia applicando <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>asso <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>rende nul<span class=\"_ _1\"></span>la <span class=\"_ _2\"></span>la <span class=\"_ _1\"></span>somma <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>valori <span class=\"_ _2\"></span>attuali <span class=\"_ _1\"></span>dei <span class=\"_ _2\"></span>flussi <span class=\"_ _2\"></span>di cas<span class=\"_ _1\"></span>sa <span class=\"_ _2\"></span>netti <span class=\"_ _1\"></span>generati <span class=\"_ _2\"></span>dallo <span class=\"_ _2\"></span>strumento finanziario. <span class=\"_ _12\"> </span>Le <span class=\"_ _a\"> </span>perdite <span class=\"_ _12\"> </span>sono <span class=\"_ _a\"> </span>iscritte <span class=\"_ _aa\"> </span>a <span class=\"_ _12\"> </span>conto <span class=\"_ _12\"> </span>econo<span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ico <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>mani<span class=\"_ _1\"></span>festarsi <span class=\"_ _a\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>perdi<span class=\"_ _1\"></span>te <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>o <span class=\"_ _12\"> </span>quando <span class=\"_ _a\"> </span>i finanziamenti <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>crediti <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>contabilmen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>eliminati. <span class=\"_ _2\"></span>I <span class=\"_ _2\"></span>crediti <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>assoggettati <span class=\"_ _2\"></span>ad <span class=\"_ _2\"></span><span class=\"ff24\">impairment <span class=\"_ _2\"></span><span class=\"ff1f\">e <span class=\"_ _2\"></span>quindi <span class=\"_ _2\"></span>iscritti </span></span>al <span class=\"_ _11\"></span>valore <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>presumibile <span class=\"_ _e\"></span>realizzo <span class=\"_ _e\"></span>(<span class=\"ff24\">fair <span class=\"_ _e\"></span>value</span><span class=\"ls5\">),</span> <span class=\"_ _e\"></span>mediante <span class=\"_ _e\"></span><span class=\"ls2\">lo</span> <span class=\"_ _e\"></span>stanziamen<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>uno <span class=\"_ _e\"></span>specifico <span class=\"_ _e\"></span>fondo <span class=\"_ _e\"></span>svalutazione portato a diretta de<span class=\"_ _1\"></span>trazione <span class=\"_ _1\"></span>del valore del<span class=\"_ _1\"></span>l\u2019attivit\u00e0.<span class=\"ff1f\"> </span>I <span class=\"_ _1\"></span>cre<span class=\"_ _2\"></span>diti v<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span> sv<span class=\"_ _2\"></span>alut<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>i q<span class=\"_ _2\"></span>uand<span class=\"_ _2\"></span>o esis<span class=\"_ _2\"></span>te <span class=\"ls6\">una</span> <span class=\"_ _1\"></span>ind<span class=\"_ _1\"></span>ica<span class=\"_ _2\"></span>zion<span class=\"_ _2\"></span>e og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>ella<span class=\"_ _2\"></span> pro<span class=\"_ _1\"></span>ba<span class=\"_ _1\"></span>bil<span class=\"_ _2\"></span>e in<span class=\"_ _2\"></span>esigib<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 del <span class=\"_ _3\"></span>credito <span class=\"_ _3\"></span>ed <span class=\"_ _e\"></span>in base <span class=\"_ _11\"></span>all\u2019esperienza <span class=\"_ _11\"></span>storica, <span class=\"_ _11\"></span>ai <span class=\"_ _6\"></span>dati <span class=\"_ _11\"></span>statistici <span class=\"_ _e\"></span>alle <span class=\"_ _6\"></span>con<span class=\"ff1f\">dizioni <span class=\"_ _6\"></span>correnti <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>alle <span class=\"_ _6\"></span>previsi<span class=\"_ _1\"></span>oni <span class=\"_ _11\"></span>sulle <span class=\"_ _6\"></span>condizion<span class=\"_ _1\"></span>i <span class=\"_ _11\"></span>future </span>(<span class=\"ff24\">expected cred<span class=\"_ _1\"></span>it losses<span class=\"ff1f ls5\">).<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span></span>Qualora <span class=\"_ _6\"></span>nei <span class=\"_ _7\"></span>periodi <span class=\"_ _6\"></span>successiv<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>vengano <span class=\"_ _6\"></span>meno <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>otivazioni <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>precedenti <span class=\"_ _6\"></span>svalutazioni,<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>il <span class=\"_ _7\"></span>valore <span class=\"_ _6\"></span>delle attivit\u00e0 <span class=\"_ _12\"> </span>v<span class=\"_ _1\"></span>iene <span class=\"_ _12\"> </span>ripris<span class=\"_ _1\"></span>tinato <span class=\"_ _12\"> </span>fino <span class=\"_ _a\"> </span>a <span class=\"_ _12\"> </span>concorrenza <span class=\"_ _a\"> </span>del <span class=\"_ _12\"> </span>valore <span class=\"_ _a\"> </span>che <span class=\"_\"> </span>sa<span class=\"_ _1\"></span>rebbe <span class=\"_ _12\"> </span>derivat<span class=\"_ _1\"></span>o <span class=\"_ _a\"> </span>dall\u2019applicazione <span class=\"_ _12\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>costo ammortizzato, <span class=\"_ _1\"></span>se non fosse <span class=\"_ _1\"></span>stata effettuata <span class=\"_ _1\"></span>la svalutazione. Il<span class=\"ls0\"> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>evidenzia <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>que<span class=\"_ _1\"></span>sta <span class=\"_ _2\"></span>categoria <span class=\"_ _2\"></span>pre<span class=\"_ _1\"></span>valentemen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>scaden<span class=\"_ _2\"></span>za<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>entro <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>dodici <span class=\"_ _2\"></span>mesi <span class=\"_ _2\"></span>iscr<span class=\"_ _1\"></span>itte <span class=\"_ _0\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>oro </span></span></span></span></span>valore <span class=\"_ _2\"></span>nominale, <span class=\"_ _2\"></span>quale <span class=\"_ _2\"></span>approssimazione <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>costo <span class=\"_ _2\"></span>ammortizzato. <span class=\"_ _2\"></span>Nel <span class=\"_ _2\"></span>caso in cui <span class=\"ls2\">il</span> paga<span class=\"_ _1\"></span>mento preveda <span class=\"_ _1\"></span>termini superiori <span class=\"_ _a\"> </span>alle <span class=\"_ _a\"> </span>normali <span class=\"_ _a\"> </span>condizioni <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>mercato <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span><span class=\"ls16\">il</span> <span class=\"_ _a\"> </span>credito <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>maturi <span class=\"_ _12\"> </span>interessi,<span class=\"_ _2\"></span> <span class=\"_\"> </span>si <span class=\"_ _12\"> </span>considera <span class=\"_ _12\"> </span>presente <span class=\"_ _12\"> </span>una componente <span class=\"_ _a\"> </span>finanzi<span class=\"_ _1\"></span>aria <span class=\"_ _a\"> </span>implicita <span class=\"_ _a\"> </span>nel <span class=\"_ _a\"></span>va<span class=\"_ _1\"></span>lore <span class=\"_ _a\"> </span>iscritto, <span class=\"_ _7\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>viene <span class=\"_ _a\"> </span>pertanto <span class=\"_ _a\"> </span>attualizzato, <span class=\"_ _7\"></span>addebitando <span class=\"_ _a\"> </span>a <span class=\"_ _a\"> </span>conto economico il <span class=\"_ _1\"></span>relativo scont<span class=\"_ _1\"></span>o. I <span class=\"_ _3\"></span>finanziamenti <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>crediti denominati <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>valuta <span class=\"_ _3\"></span>estera <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>convertiti <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>cambio <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>fine <span class=\"_ _e\"></span>esercizio<span class=\"_ _3\"></span> e gli uti<span class=\"_ _1\"></span>li o <span class=\"ls16\">le</span> perdite <span class=\"_ _2\"></span>derivanti <span class=\"_ _1\"></span><span class=\"ff22\">dal<span class=\"_ _1\"></span>l\u2019adeguamento<span class=\"ff1f\"> <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>imputati <span class=\"_ _2\"></span>a con<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span>econo<span class=\"_ _2\"></span>mico.<span class=\"_ _2\"></span> </span></span><span class=\"ff1f fs7 fc0 ls4\">al<span class=\"ls0\"> <span class=\"_ _6\"></span><span class=\"ff24\">fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span></span>rilevato <span class=\"_ _6\"></span>nelle <span class=\"_ _6\"></span>altre <span class=\"_ _6\"></span>componenti <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>complessivo <span class=\"_ _11\"></span>(FVOCI): gli altri st<span class=\"_ _1\"></span>rumenti </span></span>di <span class=\"_ _3\"></span>capitale non correnti (ex <span class=\"_ _3\"></span><span class=\"ff24\">available for <span class=\"_ _3\"></span>sale</span>) sono <span class=\"_ _3\"></span>rilevati inizialmente <span class=\"_ _12\"> </span>al costo <span class=\"_ _3\"></span>(<span class=\"ff24\">fair value <span class=\"_ _3\"></span></span>del corrispettivo iniziale <span class=\"_ _3\"></span>dato i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>cambio) <span class=\"_ _3\"></span>incrementato degli <span class=\"_ _3\"></span>eventuali <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>transazione <span class=\"_ _3\"></span>direttamente attribuibili <span class=\"_ _3\"></span>agli <span class=\"_ _3\"></span>stessi. Il <span class=\"_\"> </span>Gruppo<span class=\"_ _1\"></span>, <span class=\"_\"> </span>no<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>essendo <span class=\"_\"> </span>o<span class=\"_ _1\"></span>perativo <span class=\"_\"> </span>n<span class=\"_ _2\"></span>el <span class=\"_\"> </span>trading <span class=\"_\"> </span>azion<span class=\"_ _1\"></span>ario, <span class=\"_\"> </span>h<span class=\"_ _2\"></span>a <span class=\"_\"> </span>adottato <span class=\"_ _12\"> </span>l\u2019opzione <span class=\"_\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_\"> </span>p<span class=\"_ _1\"></span>resentare <span class=\"_ _12\"> </span>nelle <span class=\"_\"> </span>altr<span class=\"_ _1\"></span>e componenti <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>mplessivo <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>successive <span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ariazioni <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff22\">dell\u2019investiment<span class=\"_ _1\"></span>o. <span class=\"_ _2\"></span>Pertant<span class=\"_ _1\"></span>o </span></span>solo <span class=\"_ _6\"></span>i <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span>videndi <span class=\"_ _6\"></span>sono <span class=\"_ _7\"></span>rilevati <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>conto <span class=\"_ _7\"></span>economico <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>meno <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>appresen<span class=\"_ _1\"></span>tino <span class=\"_ _7\"></span>chiaramente <span class=\"_ _a\"> </span>un <span class=\"_ _a\"> </span>rimborso dell\u2019investimento. L<span class=\"_ _1\"></span>e variazioni di <span class=\"ff24\">fair value <span class=\"ff1f\">e eventu<span class=\"_ _1\"></span>ali plusvalenze e <span class=\"_ _1\"></span>minusvalenze in fase d<span class=\"_ _1\"></span>i cessione degl<span class=\"_ _1\"></span>i </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>complessi<span class=\"_ _1\"></span>vo e <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>transitano mai <span class=\"_ _3\"></span>dal conto <span class=\"_ _2\"></span>economico. <span class=\"_ _1\"></span>Poich\u00e9 <span class=\"_ _2\"></span>tale <span class=\"_ _2\"></span>opzione <span class=\"_ _1\"></span>pu\u00f2 <span class=\"_ _2\"></span>essere <span class=\"_ _1\"></span>esercitata <span class=\"_ _2\"></span>investimento <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>investimento, <span class=\"_ _2\"></span>eventuali <span class=\"_ _2\"></span>eccezioni in fase di prima <span class=\"_ _1\"></span>iscrizione verr<span class=\"_ _1\"></span>anno evidenz<span class=\"_ _1\"></span>iate nella nota d<span class=\"_ _1\"></span>i commento a<span class=\"_ _1\"></span>lla voce. Tutti <span class=\"_ _12\"> </span>g<span class=\"_ _1\"></span>li <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>nvestimen<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span><span class=\"ls2\">in</span> <span class=\"_ _a\"> </span>strumen<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span>rappr<span class=\"_ _1\"></span>esentativi <span class=\"_ _a\"> </span><span class=\"ls6\">di</span> <span class=\"_ _12\"> </span>capitale <span class=\"_ _a\"> </span>devono <span class=\"_ _12\"> </span><span class=\"ls4\">es</span>sere <span class=\"_ _a\"> </span>valutati <span class=\"_ _12\"> </span>a<span class=\"_ _1\"></span>l <span class=\"ff24\">fair value</span>. In caso di <span class=\"_ _3\"></span>tit<span class=\"_ _3\"></span>oli <span class=\"_ _3\"></span>negoziati <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ercati <span class=\"_ _3\"></span>attivi, <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _3\"></span></span>\u00e8 <span class=\"_ _3\"></span>determinato <span class=\"_ _3\"></span>facendo <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>alla <span class=\"_ _e\"></span>quotazion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>rilevata <span class=\"_ _e\"></span>al termine delle negoz<span class=\"_ _1\"></span>iazioni <span class=\"_ _1\"></span>del giorno di ch<span class=\"_ _1\"></span>iusura <span class=\"ff22\">de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _2\"></span>eserci<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>io.<span class=\"_ _2\"></span><span class=\"ff1f\"> </span></span>Per gli i<span class=\"_ _3\"></span>nvestimen<span class=\"_ _1\"></span>ti per i<span class=\"_ _3\"></span> quali non es<span class=\"_ _3\"></span>iste un mercato attivo, il <span class=\"_ _e\"></span><span class=\"ff24\">fair value </span>\u00e8 <span class=\"_ _3\"></span>determinato in funzione <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>prezzo di <span class=\"_ _2\"></span>transaz<span class=\"_ _1\"></span>ioni <span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ecenti <span class=\"_ _0\"></span>fra <span class=\"_ _2\"></span>parti <span class=\"_ _2\"></span>ind<span class=\"_ _1\"></span>ipendenti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>s<span class=\"_ _1\"></span>trumenti <span class=\"_ _0\"></span>sostanzialmente s<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>i, <span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>util<span class=\"_ _2\"></span>izzan<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ecn<span class=\"_ _1\"></span>ich<span class=\"_ _2\"></span>e </span></span>di <span class=\"_ _7\"></span>val<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>qua<span class=\"_ _1\"></span>li <span class=\"_ _6\"></span><span class=\"ls3\">ad</span> <span class=\"_ _7\"></span>ese<span class=\"_ _2\"></span>mpio <span class=\"_ _6\"></span>valu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>azi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>red<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>ua<span class=\"_ _2\"></span>li <span class=\"_ _a\"> </span>o <span class=\"_ _a\"> </span>basate <span class=\"_ _a\"> </span>sull\u2019analisi <span class=\"_ _a\"> </span>dei <span class=\"_ _a\"> </span>flussi <span class=\"_ _a\"> </span>finanziari <span class=\"_ _a\"> </span>attua<span class=\"_ _1\"></span>lizzati (<span class=\"ff24\">Discounted Cash Flow<span class=\"_ _2\"></span><span class=\"ff1f ls5\">).<span class=\"ls0\"> </span></span></span>Limitatamente <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>poche <span class=\"_ _3\"></span>circostanze, <span class=\"_ _e\"></span>tuttavi<span class=\"_ _1\"></span>a, <span class=\"_ _e\"></span>il <span class=\"_ _3\"></span>costo <span class=\"_ _e\"></span>pu\u00f2 <span class=\"_ _e\"></span>rappresen<span class=\"_ _1\"></span>tare <span class=\"_ _e\"></span>una <span class=\"_ _3\"></span>stima <span class=\"_ _e\"></span>adeguat<span class=\"_ _1\"></span>a <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _e\"></span></span>se, per esempio, le pi\u00f9 recenti informa<span class=\"_ _1\"></span>zioni disponibi<span class=\"_ _1\"></span>li per valutare il <span class=\"ff24\">fair value </span>sono insufficienti, oppur<span class=\"_ _1\"></span>e se vi \u00e8 un\u2019ampia gamma di possibili<span class=\"_ _1\"></span> val<span class=\"ff1f\">utazioni del <span class=\"ff24\">fair value</span>. Il costo non \u00e8 mai la migliore stima del <span class=\"ff24\">fair value </span>per </span>gli investimen<span class=\"_ _1\"></span>ti in strument<span class=\"_ _1\"></span>i rappresentativ<span class=\"_ _1\"></span>i di capitale <span class=\"_ _1\"></span>quotati. Dal <span class=\"_ _3\"></span>momento <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>Gruppo non <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _3\"></span>operativo <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>trading <span class=\"_ _3\"></span>azionario, <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>altri strumenti <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>capitale<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>corrent<span class=\"_ _e\"></span><span class=\"ls16\">i </span>sono costituiti dagli i<span class=\"_ _3\"></span>nvestimen<span class=\"_ _1\"></span>ti in <span class=\"_ _3\"></span>strumenti rappresenta<span class=\"_ _1\"></span>tivi del <span class=\"_ _3\"></span>capitale inferiori al 20% nei <span class=\"_ _3\"></span>quali il <span class=\"_ _3\"></span>Gruppo non esercita un\u2019in<span class=\"_ _1\"></span>fluenza significa<span class=\"_ _1\"></span>tiva.<span class=\"ff1f\"> </span>al <span class=\"_ _12\"> </span><span class=\"ff24\">fair <span class=\"_ _a\"> </span>value <span class=\"_ _a\"> </span><span class=\"ff22\">rilevato <span class=\"_ _a\"> </span>nel <span class=\"_ _a\"> </span>risultato <span class=\"_ _a\"> </span>dell\u2019esercizio <span class=\"_ _a\"> </span>(FVTPL): <span class=\"_ _a\"> </span>la <span class=\"_ _a\"> </span>valutazione <span class=\"_ _a\"> </span>delle <span class=\"_ _a\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span></span></span>fin<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>iari<span class=\"_ _1\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>che<span class=\"_ _1\"></span> <span class=\"_ _7\"></span><span class=\"ls48\">al</span> mom<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>to <span class=\"_ _6\"></span>della<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ril<span class=\"_ _1\"></span>ev<span class=\"_ _2\"></span>azion<span class=\"_ _1\"></span>e <span class=\"_ _11\"></span>inizia<span class=\"_ _2\"></span>le <span class=\"_ _6\"></span>son<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>val<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>tate<span class=\"_ _2\"></span> <span class=\"_ _7\"></span><span class=\"ls48\">al</span> <span class=\"_ _7\"></span><span class=\"ff24\">fai<span class=\"_ _2\"></span>r <span class=\"_ _6\"></span>value<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ff1f\">con<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>vari<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>imputate <span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>conto <span class=\"_ _11\"></span>economico <span class=\"_ _11\"></span>\u00e8 </span></span>determinata facendo <span class=\"_ _1\"></span>riferim<span class=\"_ _1\"></span>ento <span class=\"ls4\">al</span> valore di <span class=\"_ _1\"></span>mercato alla data<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>chiusura <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>peri<span class=\"_ _1\"></span>odo <span class=\"_ _e\"></span>oggetto <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>rilevazione; nel <span class=\"_ _12\"> </span>caso <span class=\"_\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>strumenti <span class=\"_ _12\"> </span>non <span class=\"_\"> </span>quot<span class=\"_ _1\"></span>ati <span class=\"_ _12\"> </span>lo <span class=\"_\"> </span>s<span class=\"_ _1\"></span>tesso <span class=\"_ _12\"> </span>\u00e8 <span class=\"_\"> </span>de<span class=\"_ _1\"></span>terminato<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>attraverso <span class=\"_ _12\"> </span>tecniche <span class=\"_ _12\"> </span>finanziarie <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>valutazione generalmente <span class=\"_ _2\"></span>accettate e <span class=\"_ _2\"></span>basate <span class=\"_ _2\"></span>su dati <span class=\"_ _2\"></span>di mercat<span class=\"_ _1\"></span>o. <span class=\"_ _1\"></span>Gli <span class=\"_ _2\"></span>utili e <span class=\"_ _2\"></span>le perdite <span class=\"_ _2\"></span>derivanti <span class=\"_ _1\"></span>dalla <span class=\"_ _2\"></span>valutazione al <span class=\"_ _2\"></span><span class=\"ff24\">fair value </span>relativi <span class=\"_ _11\"></span>alle<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _11\"></span>classificate <span class=\"_ _e\"></span><span class=\"ls2\">in</span> <span class=\"_ _e\"></span>questa <span class=\"_ _e\"></span>ca<span class=\"_ _3\"></span>tegoria <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>iscritti <span class=\"_ _11\"></span>a <span class=\"_ _e\"></span>conto <span class=\"_ _11\"></span>economico. <span class=\"_ _e\"></span><span class=\"ls15\">Al</span> <span class=\"_ _11\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _11\"></span>2022 <span class=\"_ _11\"></span><span class=\"ls2\">il</span> Gruppo non detie<span class=\"_ _1\"></span>ne attivit\u00e0 finanz<span class=\"_ _1\"></span>iarie, che al <span class=\"_ _1\"></span>moment<span class=\"_ _1\"></span>o della rilevazio<span class=\"_ _1\"></span>ne iniziale sono va<span class=\"_ _1\"></span>lutate al <span class=\"ff24\">fair 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=\"_ _1\"></span>ima<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>ze<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> ma<span class=\"_ _2\"></span>gazzi<span class=\"_ _1\"></span>no Le <span class=\"_ _2\"></span>rimanenze<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>alutate <span class=\"_ _0\"></span>al <span class=\"_ _2\"></span>minore <span class=\"_ _2\"></span>tra <span class=\"_ _0\"></span>il <span class=\"_ _2\"></span>costo <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>cquisto <span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>produ<span class=\"_ _1\"></span>zione <span class=\"_ _0\"></span>comprensivo <span class=\"_ _2\"></span>degli <span class=\"_ _11\"></span>oneri <span class=\"_ _11\"></span>accessori di <span class=\"_ _a\"> </span>diretta <span class=\"_ _a\"> </span>imputazione,<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>netto <span class=\"_ _a\"> </span>degli <span class=\"_ _a\"> </span>sconti <span class=\"_ _a\"> </span>e <span class=\"_ _a\"> </span>abbuoni, <span class=\"_ _a\"> </span>calcolato co<span class=\"_ _1\"></span>n il metodo <span class=\"_ _1\"></span>del costo med<span class=\"_ _1\"></span>io ponderato,<span class=\"_ _2\"></span> ed <span class=\"_ _e\"></span>il <span class=\"_ _11\"></span>valore <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>presumibil<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>realizzo <span class=\"_ _11\"></span>desumibi<span class=\"_ _1\"></span>le <span class=\"_ _e\"></span>dall\u2019andamento <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>mercato. <span class=\"_ _e\"></span>Il <span class=\"_ _11\"></span>valore <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>presumib<span class=\"_ _1\"></span>ile <span class=\"_ _e\"></span>realizzo viene calcolato tenendo conto dei prezzi di mercato, degli eventuali costi di produ<span class=\"_ _1\"></span>zione ancora da sostenere e dei <span class=\"_\"> </span>costi <span class=\"_\"> </span>diretti <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>vendita. <span class=\"_ _12\"> </span><span class=\"ls7\">Il</span> <span class=\"_ _a\"> </span>valore<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>delle <span class=\"_ _12\"> </span>rimanen<span class=\"_ _1\"></span>ze <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"> </span>ret<span class=\"_ _3\"></span>tificato <span class=\"_ _a\"> </span>tramite <span class=\"_ _a\"> </span><span class=\"ff22\">l\u2019iscrizione</span> <span class=\"_ _12\"> </span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span>specifico <span class=\"_ _12\"> </span>fondo svalutazione pe<span class=\"_ _1\"></span>r tenere con<span class=\"_ _1\"></span>to di fenomeni <span class=\"_ _1\"></span>di lento rig<span class=\"_ _1\"></span>iro e obsolescenza. ",
   "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=\"_ _2\"></span>ispon<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>lit<span class=\"_ _2\"></span>\u00e0 <span class=\"_ _2\"></span>liqu<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>mez<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>len<span class=\"_ _1\"></span>ti La<span class=\"ls0\"> vo<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span> co<span class=\"_ _2\"></span>mpre<span class=\"_ _1\"></span>nde<span class=\"_ _2\"></span> <span class=\"ls16\">il</span> <span class=\"_ _1\"></span>den<span class=\"_ _2\"></span>aro <span class=\"_ _1\"></span><span class=\"ls16\">in<span class=\"ls0\"> c<span class=\"_ _1\"></span>as<span class=\"_ _2\"></span>sa, <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>dep<span class=\"_ _2\"></span>ositi<span class=\"_ _2\"></span> ban<span class=\"_ _1\"></span>car<span class=\"_ _2\"></span>i a<span class=\"_ _1\"></span> vi<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span><span class=\"ls3\">ed<span class=\"ls0\"> <span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>tri i<span class=\"_ _1\"></span>nv<span class=\"_ _1\"></span>es<span class=\"_ _2\"></span>timen<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>fin<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>iari <span class=\"_ _1\"></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 sono soggetti <span class=\"_ _3\"></span>ad un <span class=\"_ _3\"></span>rischio non <span class=\"_ _e\"></span>significativo<span class=\"_ _1\"></span> di variazione di va<span class=\"_ _1\"></span>lore. Sono iscritti <span class=\"ls4\">al</span> valore no<span class=\"_ _2\"></span>min<span class=\"_ _1\"></span>ale<span class=\"_ _1\"></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=\"_ _2\"></span>atri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span> ne<span class=\"_ _2\"></span>tto Az<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ni <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>opr<span class=\"_ _1\"></span>ie Sono <span class=\"_ _11\"></span>valutate <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>il <span class=\"_ _11\"></span>metodo <span class=\"_ _e\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>costo <span class=\"_ _11\"></span>storico <span class=\"_ _11\"></span>ed <span class=\"_ _11\"></span>iscritte <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>diminuzione <span class=\"_ _11\"></span>tra <span class=\"_ _11\"></span>le <span class=\"_ _11\"></span>voci <span class=\"_ _11\"></span>del <span class=\"_ _6\"></span>patrimonio <span class=\"_ _e\"></span>netto. <span class=\"_ _11\"></span>Il risultato derivant<span class=\"_ _1\"></span>e da succe<span class=\"_ _1\"></span>ssive vendi<span class=\"_ _1\"></span>te viene rilevato <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span>rettamente co<span class=\"_ _1\"></span>me movime<span class=\"_ _1\"></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=\"_ _2\"></span>idend<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>ist<span class=\"_ _2\"></span>ribui<span class=\"_ _1\"></span>ti I <span class=\"_\"> </span>dividend<span class=\"_ _1\"></span>i <span class=\"_\"> </span>p<span class=\"_ _1\"></span>agabili <span class=\"_ _12\"> </span>sono <span class=\"_ _12\"> </span>rappresentati <span class=\"_\"> </span>com<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>movimento <span class=\"_\"> </span>di <span class=\"_\"> </span>patri<span class=\"_ _1\"></span>monio <span class=\"_\"> </span>n<span class=\"_ _1\"></span>etto <span class=\"_ _12\"> </span>nell\u2019esercizio <span class=\"_ _12\"> </span>in<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>cui <span class=\"_\"> </span>so<span class=\"_ _1\"></span>no approvati <span class=\"_ _2\"></span><span class=\"ff22\">dall\u2019Ass<span class=\"_ _1\"></span>emblea<span class=\"ff1f\"> <span class=\"_ _2\"></span>degl<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>Azionisti <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>da<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span>Consiglio <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Am<span class=\"_ _1\"></span>ministrazione <span class=\"_ _0\"></span>nel <span class=\"_ _2\"></span>caso <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>acconto <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>divide<span class=\"_ _1\"></span>ndo </span></span>ai sensi dell\u2019art<span class=\"_ _1\"></span>icolo 2433-bis del Cod<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ce Civile.<span class=\"_ _1\"></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>en<span class=\"_ _1\"></span>ef<span class=\"_ _2\"></span>ici <span class=\"_ _2\"></span>ai <span class=\"_ _2\"></span>dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti <span class=\"_ _2\"></span>s<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>l r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>ort<span class=\"_ _2\"></span>o di l<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>o Il <span class=\"_ _e\"></span>trattamento <span class=\"_ _11\"></span>di <span class=\"_ _e\"></span>fine <span class=\"_ _11\"></span>rapporto <span class=\"_ _e\"></span>(TFR), <span class=\"_ _11\"></span>obbligato<span class=\"ff22\">rio <span class=\"_ _11\"></span>per <span class=\"_ _e\"></span>le <span class=\"_ _11\"></span>imprese <span class=\"_ _e\"></span>italiane <span class=\"_ _11\"></span>ai <span class=\"_ _e\"></span>sensi <span class=\"_ _11\"></span>dell\u2019art. <span class=\"_ _e\"></span>2120 <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>Codice </span>Civile, ha <span class=\"_ _3\"></span>natura <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>retribuzione differita <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>correlato alla <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>vita <span class=\"_ _e\"></span>lavorativa<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>dei dipendenti <span class=\"_ _3\"></span><span class=\"ls4\">ed</span> <span class=\"_ _3\"></span>alla retribuzione <span class=\"_ _2\"></span>percepita <span class=\"_ _2\"></span>nel periodo <span class=\"_ _2\"></span>di se<span class=\"_ _1\"></span>rvizio <span class=\"_ _2\"></span>prestato. I<span class=\"_ _2\"></span>l Trattamento <span class=\"_ _2\"></span>di f<span class=\"_ _1\"></span>ine <span class=\"_ _1\"></span>rapporto <span class=\"_ _2\"></span>delle soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _2\"></span>italiane con<span class=\"_ _1\"></span> almeno <span class=\"_ _a\"> </span>50 <span class=\"_ _12\"> </span>d<span class=\"_ _1\"></span>ipendenti <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"> </span>da <span class=\"_ _a\"> </span>considerarsi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>piano <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>benefici <span class=\"_ _6\"></span>definiti <span class=\"_ _11\"></span>esclusivamente <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span><span class=\"ls2\">le</span> <span class=\"_ _6\"></span>quote <span class=\"_ _11\"></span>m<span class=\"_ _3\"></span>aturate anteriormente <span class=\"_ _2\"></span>al 1\u00b0 <span class=\"_ _2\"></span>gennaio <span class=\"_ _1\"></span>2007 <span class=\"_ _1\"></span>(e non <span class=\"_ _2\"></span>ancora <span class=\"_ _1\"></span>liquidat<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>alla da<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>bilancio<span class=\"_ _1\"></span>), me<span class=\"_ _1\"></span>ntre <span class=\"_ _1\"></span>successivamente <span class=\"_ _f\"> </span>a tale data <span class=\"_ _12\"> </span>esso <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _12\"> </span>assimil<span class=\"_ _1\"></span>abile <span class=\"_ _12\"> </span>a<span class=\"_ _1\"></span>d <span class=\"_ _a\"> </span>un <span class=\"_ _12\"> </span>piano <span class=\"_ _12\"> </span>a <span class=\"_ _a\"> </span>contribuzione <span class=\"_ _a\"> </span>definita. <span class=\"_ _12\"> </span>Per <span class=\"_ _a\"> </span>le <span class=\"_ _12\"> </span>societ\u00e0 <span class=\"_ _a\"> </span>italiane <span class=\"_ _a\"> </span>aventi<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>meno <span class=\"_ _12\"> </span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span><span class=\"ls6\">50<span class=\"_ _3\"></span></span> dipendenti, <span class=\"ls16\">il</span> <span class=\"_ _e\"></span>Tratta<span class=\"_ _1\"></span>mento di <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>rapporto <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>un piano <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>benefici <span class=\"_ _3\"></span>definiti. <span class=\"_ _3\"></span>Tutti <span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>piani <span class=\"_ _3\"></span>a <span class=\"_ _3\"></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<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>finanziarie, \u00e8 <span class=\"_ _3\"></span>affidato <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>attuari professionisti <span class=\"_ _11\"></span>esterni. <span class=\"_ _11\"></span>Per <span class=\"_ _11\"></span>effetto <span class=\"_ _11\"></span>dell\u2019Emendamento <span class=\"_ _11\"></span>allo <span class=\"_ _6\"></span>IAS <span class=\"_ _e\"></span>19 <span class=\"_ _7\"> </span><span class=\"ff1f\">- <span class=\"_ _11\"></span><span class=\"ff24\">Benefici <span class=\"_ _6\"></span>ai <span class=\"_ _11\"></span>dipendenti <span class=\"_ _11\"></span></span><span class=\"ls2\">il</span> <span class=\"_ _11\"></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 l<span class=\"_ _3\"></span>avorativa e <span class=\"_ _e\"></span>gli 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=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o,<span class=\"_ _1\"></span> men<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>re <span class=\"ff22\">l\u2019<span class=\"_ _1\"></span>isc<span class=\"_ _2\"></span>rizi<span class=\"_ _2\"></span>one<span class=\"ff1f\"> de<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span> uti<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> e per<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span> attu<span class=\"_ _2\"></span>arial<span class=\"_ _1\"></span>i che<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>der<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>ano<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>dal<span class=\"_ _1\"></span>la <span class=\"ls7\">ri</span>-<span class=\"_ _2\"></span>misura<span class=\"_ _2\"></span>zion<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>della <span class=\"_ _e\"></span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _3\"></span>e </span></span>delle attivit\u00e0 sono <span class=\"_ _1\"></span>rilevate n<span class=\"_ _1\"></span>el prospetto d<span class=\"_ _1\"></span>i conto economi<span class=\"_ _1\"></span>co complessivo<span class=\"_ _1\"></span>. ",
   "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=\"_ _1\"></span>ond<span class=\"_ _1\"></span>i r<span class=\"_ _2\"></span>ischi <span class=\"_ _2\"></span>ed one<span class=\"_ _2\"></span>ri I <span class=\"_ _e\"></span>fondi <span class=\"_ _3\"></span>rischi <span class=\"_ _e\"></span><span class=\"ls4\">ed</span> <span class=\"_ _3\"></span>oneri <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>iscritti <span class=\"_ _e\"></span><span class=\"ls16\">in</span> <span class=\"_ _e\"></span>bilancio <span class=\"_ _3\"></span>quando <span class=\"_ _e\"></span><span class=\"ls2\">il</span> <span class=\"_ _3\"></span>Gruppo <span class=\"_ _e\"></span><span class=\"ls6\">ha</span> <span class=\"_ _e\"></span>un\u2019obbligaz<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>egale <span class=\"_ _3\"></span>o <span class=\"_ _11\"></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=\"_ _5\"> </span>passato <span class=\"_ _4\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _5\"> </span>\u00e8 <span class=\"_ _5\"> </span>probabile <span class=\"_ _4\"> </span>che <span class=\"_ _5\"> </span>sar\u00e0 <span class=\"_ _5\"> </span>richiesto <span class=\"_ _4\"> </span>di <span class=\"_ _5\"> </span>adempiere <span class=\"_ _5\"> </span>all\u2019obbligazione. <span class=\"_ _5\"> </span>Gli accantonament<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>rilevati <span class=\"_ _3\"></span>sul<span class=\"ff22\">la <span class=\"_ _e\"></span>base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>miglior <span class=\"_ _e\"></span>stima <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>costi <span class=\"_ _e\"></span>richiesti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>adempiere <span class=\"_ _3\"></span>all\u2019obbligazione </span>alla data di bilanci<span class=\"_ _1\"></span>o, e sono att<span class=\"_ _1\"></span>ualizzati quando <span class=\"_ _1\"></span>l\u2019effett<span class=\"_ _1\"></span>o \u00e8 significativo. ",
   "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=\"_ _1\"></span>bit<span class=\"_ _2\"></span>i ed<span class=\"_ _1\"></span> altr<span class=\"_ _2\"></span>e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _2\"></span>\u00e0 I <span class=\"_ _1\"></span>\u201cDebiti <span class=\"_ _2\"></span>e altre<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>passivit\u00e0\u201d <span class=\"_ _2\"></span>comprendono <span class=\"_ _2\"></span>i debi<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>comm<span class=\"_ _1\"></span>erciali, <span class=\"_ _2\"></span>i debiti<span class=\"ff1f\"> <span class=\"_ _2\"></span>fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>debiti vers<span class=\"_ _1\"></span>o ba<span class=\"_ _2\"></span>nche nonch\u00e9 </span>le altre passiv<span class=\"_ _1\"></span>it\u00e0. I <span class=\"_ _6\"></span>debiti <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>inizialmente <span class=\"_ _6\"></span>rilevati <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span><span class=\"ff24\">fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span></span>che <span class=\"_ _6\"></span>sostanzialmente <span class=\"_ _6\"></span>coincide <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>importi incassati <span class=\"_ _11\"></span>o <span class=\"_ _11\"></span>da <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>ncassare <span class=\"_ _e\"></span>al <span class=\"_ _6\"></span>netto <span class=\"_ _11\"></span>dei <span class=\"_ _11\"></span>costi <span class=\"_ _11\"></span>dell\u2019operazione. <span class=\"_ _11\"></span>Il <span class=\"_ _11\"></span>management <span class=\"_ _11\"></span>determin<span class=\"ff1f\">a <span class=\"_ _e\"></span><span class=\"ls2\">la</span> <span class=\"_ _e\"></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=\"_ _3\"></span>cr<span class=\"_ _3\"></span>iteri <span class=\"_ _3\"></span>definiti <span class=\"_ _3\"></span><span class=\"ff22\">dall\u2019<span class=\"_ _3\"></span>IFRS</span> 9 <span class=\"_ _3\"></span><span class=\"ff22\">e <span class=\"_ _11\"></span>ri<span class=\"_ _3\"></span>presi <span class=\"_ _e\"></span>dall\u2019IFRS <span class=\"_ _e\"></span>7 <span class=\"_ _11\"></span>al <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>omento <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>loro <span class=\"_ _11\"></span>prima </span>iscrizione. Successivamente <span class=\"_ _2\"></span>all\u2019iscrizione <span class=\"_ _2\"></span>iniziale, <span class=\"_ _2\"></span>i deb<span class=\"_ _1\"></span>iti <span class=\"_ _2\"></span>e le <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _2\"></span>sono va<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>utati <span class=\"_ _2\"></span>in rel<span class=\"_ _1\"></span>azione <span class=\"_ _2\"></span>alla lo<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>clas<span class=\"_ _3\"></span><span class=\"ff1f\">sificazione </span>all\u2019interno di una delle cate<span class=\"_ _1\"></span>gorie, definite dall\u2019 IFR<span class=\"_ _1\"></span>S 9. In particolare, il <span class=\"ff1f\">Gru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span><span class=\"ls6\">ha<span class=\"ls0\"> <span class=\"_ _2\"></span>cl<span class=\"_ _1\"></span>ass<span class=\"_ _2\"></span>ifica<span class=\"_ _1\"></span>to <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>prop<span class=\"_ _1\"></span>ri <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>iti <span class=\"_ _0\"></span>e </span></span></span>le<span class=\"ls0\"> <span class=\"_ _0\"></span>altre<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>ass<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _0\"></span>nell<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ria <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>el <span class=\"_ _0\"></span>co<span class=\"_ _1\"></span>sto<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>am<span class=\"_ _1\"></span>mor<span class=\"_ _2\"></span>tizza<span class=\"_ _2\"></span>to, <span class=\"_ _2\"></span>ad <span class=\"_ _2\"></span>eccezione <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>strumenti <span class=\"_ _2\"></span>derivati <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>quali <span class=\"_ _1\"></span>si <span class=\"_ _2\"></span>rinvia </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=\"_ _2\"></span>dallo s<span class=\"_ _1\"></span>trumento <span class=\"_ _2\"></span>finanziario. <span class=\"_ _2\"></span>Nel <span class=\"_ _1\"></span>caso <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>strumenti <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>scadenza <span class=\"_ _1\"></span>entro <span class=\"_ _2\"></span>i dod<span class=\"_ _1\"></span>ici <span class=\"_ _2\"></span>mesi \u00e8 <span class=\"_ _2\"></span>adottato <span class=\"_ _2\"></span>il va<span class=\"_ _1\"></span>lore nominale come app<span class=\"_ _1\"></span>rossimazione<span class=\"_ _1\"></span> del costo ammo<span class=\"_ _1\"></span>rtizzato. Qualora <span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>contratti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>finanziamento <span class=\"_ _0\"></span>prevedano <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span><span class=\"ff24\">cove<span class=\"_ _1\"></span>nants <span class=\"_ _2\"></span><span class=\"ff1f\">e <span class=\"_ _2\"></span><span class=\"ls49\">si<span class=\"ls0\"> <span class=\"_ _2\"></span>ver<span class=\"_ _1\"></span>ifichi <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>man<span class=\"_ _1\"></span>cato <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>ispetto degli <span class=\"_ _2\"></span>stessi, <span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>tale </span></span></span></span></span></span></span></span>situazione <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>venga <span class=\"_ _2\"></span>sanata <span class=\"_ _2\"></span>prima d<span class=\"_ _1\"></span>ella <span class=\"_ _2\"></span>chiusura <span class=\"_ _2\"></span><span class=\"ff22\">dell\u2019esercizio,<span class=\"ff1f\"> <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> quo<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>a <span class=\"_ _2\"></span>a lungo termine di <span class=\"_ _1\"></span>tale finanziamento </span></span></span></span>viene classific<span class=\"_ _1\"></span>ata come deb<span class=\"_ _1\"></span>ito corrente. I <span class=\"_ _3\"></span>debi<span class=\"_ _3\"></span>ti <span class=\"_ _e\"></span>denominati <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>valuta <span class=\"_ _e\"></span>estera <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>allineati <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>ca<span class=\"_ _1\"></span>mbio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>fine <span class=\"_ _3\"></span>esercizio <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>utili <span class=\"_ _e\"></span>o <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>perdite <span class=\"_ _3\"></span>derivanti dall\u2019adeguamento <span class=\"_ _1\"></span>sono imp<span class=\"_ _1\"></span>utati a conto e<span class=\"_ _1\"></span>conomico. ",
   "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=\"_ _2\"></span>rument<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri <span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vat<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> I <span class=\"_ _3\"></span>der<span class=\"_ _3\"></span>ivati <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>classif<span class=\"_ _1\"></span>icati <span class=\"_ _3\"></span>nella <span class=\"_ _e\"></span>categoria <span class=\"_ _e\"></span>\u201cDerivati <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>copertura\u201d <span class=\"_ _e\"></span>se <span class=\"_ _e\"></span>soddisfano <span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>requisiti <span class=\"_ _e\"></span>per<span class=\"ff1f\"> <span class=\"_ _3\"></span></span>l\u2019applicazione<span class=\"ff1f\"> </span>del c.<span class=\"_ _1\"></span>d. <span class=\"_ _1\"></span><span class=\"ff24\">hedge <span class=\"_ _2\"></span>accounting<span class=\"ff1f\">, a<span class=\"_ _1\"></span>ltrimenti, <span class=\"_ _2\"></span>pur essendo <span class=\"_ _2\"></span>effettuati <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ntento <span class=\"_ _2\"></span><span class=\"ff22\">di <span class=\"_ _3\"></span>gestione dell\u2019e<span class=\"_ _1\"></span>sposizione al rischio, </span></span></span>sono rilevati co<span class=\"_ _1\"></span>me \u201cDerivati non d<span class=\"_ _1\"></span>i copertura\u201d.<span class=\"ff1f\"> </span>Coerentemente <span class=\"_ _a\"> </span>con <span class=\"_ _a\"> </span>quanto<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>consentito <span class=\"_ _a\"> </span>dall\u2019IFRS <span class=\"_ _a\"> </span>9, <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>l <span class=\"_ _a\"> </span>Gruppo <span class=\"_ _a\"> </span>si <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _12\"> </span>avvals<span class=\"_ _1\"></span>o <span class=\"_ _a\"> </span>dell\u2019opzione <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>continuare <span class=\"_ _a\"> </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\u2019<span class=\"_ _3\"></span><span class=\"ff24\">hedge accounting <span class=\"_ _3\"></span><span class=\"ff1f\">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=\"_ _e\"></span>gli <span class=\"_ _e\"></span>strumenti <span class=\"_ _e\"></span>finanziari <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>contabilizza<span class=\"_ _1\"></span>ti <span class=\"_ _e\"></span>secondo <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>modalit\u00e0 <span class=\"_ _e\"></span>adottate <span class=\"_ _e\"></span>dal <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>l\u2019<span class=\"_ _e\"></span><span class=\"ff24\">hedge<span class=\"_ _2\"></span> </span>accounting<span class=\"ff1f\">, <span class=\"_ _11\"></span>solo <span class=\"_ _6\"></span>quando <span class=\"_ _11\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>relazione tra <span class=\"_ _3\"></span><span class=\"ls16\">il</span> <span class=\"_ _3\"></span>derivato <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span><span class=\"ff22\">l\u2019oggetto</span> <span class=\"_ _3\"></span>della copertura \u00e8 <span class=\"_ _e\"></span>formal<span class=\"_ _1\"></span>mente documentata <span class=\"_ _3\"></span>e </span>l\u2019efficacia de<span class=\"_ _1\"></span>lla copertura \u00e8<span class=\"_ _1\"></span> elevata (c.d. tes<span class=\"_ _1\"></span>t di efficac<span class=\"_ _1\"></span>ia).<span class=\"ff1f\"> </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>periodica<span class=\"_ _1\"></span>mente, 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=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>misurata <span class=\"_ _1\"></span>comparando <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>variazioni </span></span>di <span class=\"_ _3\"></span><span class=\"ff24\">fair <span class=\"_ _3\"></span>value </span>dello strumento <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>copertura con <span class=\"_ _3\"></span>quelle <span class=\"_ _11\"></span><span class=\"ff22\">de<span class=\"_ _1\"></span>ll\u2019e<span class=\"_ _2\"></span>leme<span class=\"_ _1\"></span>nto<span class=\"_ _2\"></span><span class=\"ff1f\"> <span class=\"_ _e\"></span>co<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>ert<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>(<span class=\"ff24\">dol<span class=\"_ _2\"></span>lar offse<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>meth<span class=\"_ _1\"></span>od<span class=\"_ _2\"></span><span class=\"ff1f\">) <span class=\"_ _3\"></span>per <span class=\"ls4d\">il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>tes<span class=\"_ _1\"></span>t <span class=\"_ _3\"></span><span class=\"ls1\">di</span> </span></span></span></span>eff<span class=\"_ _1\"></span>ica<span class=\"_ _2\"></span>cia re<span class=\"_ _2\"></span>trosp<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ttic<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>; <span class=\"ls16\">la<span class=\"_ _1\"></span><span class=\"ls0\"> meto<span class=\"_ _2\"></span>dolog<span class=\"_ _2\"></span>ia <span class=\"_ _3\"></span>applicata <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls2\">lo</span> <span class=\"_ _e\"></span>svolgimen<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>del t<span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>efficacia <span class=\"_ _e\"></span>prospettico prevede <span class=\"_ _e\"></span><span class=\"ls16\">la</span> </span></span>costruzione <span class=\"_ _12\"> </span>dei <span class=\"_ _12\"> </span><span class=\"ff24\">cash <span class=\"_ _12\"> </span>flow <span class=\"_ _6\"></span></span>scontati <span class=\"_ _7\"></span>aggregata <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>anno <span class=\"_ _7\"></span>dello <span class=\"_ _7\"></span>strumento <span class=\"_ _6\"></span>coperto <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>derivato <span class=\"_ _6\"></span>designato <span class=\"_ _7\"></span>a copertura (metodo<span class=\"_ _1\"></span> della regression<span class=\"_ _1\"></span>e). Quando <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>derivati <span class=\"_ _0\"></span>di <span class=\"_ _2\"></span>copertu<span class=\"_ _1\"></span>ra <span class=\"_ _2\"></span>coprono <span class=\"_ _0\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _0\"></span>rischio <span class=\"_ _2\"></span>di <span class=\"_ _0\"></span>variazione <span class=\"_ _0\"></span>del <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>va<span class=\"_ _1\"></span>lue <span class=\"_ _0\"></span><span class=\"ff1f\">degli <span class=\"_ _2\"></span>strumenti <span class=\"_ _2\"></span>og<span class=\"_ _1\"></span>getto <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>cop<span class=\"_ _1\"></span>ertura </span></span></span></span>(<span class=\"ff24\">fair value h<span class=\"_ _2\"></span>edge<span class=\"ff1f ls5\">),<span class=\"ls0\"> i der<span class=\"_ _1\"></span>ivati sono <span class=\"_ _2\"></span>rilevati <span class=\"ls4\">al</span> <span class=\"ff24\">fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span><span class=\"ff1f\">con impu<span class=\"_ _1\"></span>tazione degli <span class=\"_ _1\"></span>effetti a conto e<span class=\"_ _1\"></span>conomico. </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=\"_ _12\"> </span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _11\"></span>copertura <span class=\"_ _e\"></span>(cash flow hedge<span class=\"ff1f ls5\">),<span class=\"ls0\"> <span class=\"ls2\">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=\"ff1f\">dei <span class=\"_ _3\"></span>derivati <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _6\"></span>rilevata <span class=\"_ _e\"></span><span class=\"ls2\">tra</span> <span class=\"_ _6\"></span><span class=\"ls2\">le</span> <span class=\"_ _11\"></span>componenti <span class=\"_ _11\"></span>di <span class=\"_ _11\"></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=\"_ _e\"></span>di <span class=\"_\"> </span>coper<span class=\"_ _1\"></span>tura <span class=\"_ _12\"> </span>dei <span class=\"_\"> </span>flussi <span class=\"_ _12\"> </span>finanziari. <span class=\"_ _12\"> </span><span class=\"ls8\">La</span> <span class=\"_\"> </span>parte <span class=\"_ _12\"> </span>inefficace delle <span class=\"_ _e\"></span>variazioni <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _e\"></span>value <span class=\"_ _3\"></span></span>dello<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>strumento<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>finanziario <span class=\"_ _2\"></span>derivato<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>viene <span class=\"_ _2\"></span>rilevata <span class=\"_ _2\"></span>immediata<span class=\"_ _1\"></span>mente <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>risultato d\u2019esercizio. <span class=\"_ _2\"></span>Qua<span class=\"_ _1\"></span>lora <span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span><span class=\"ff1f\">strumento <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>rivato <span class=\"_ _2\"></span>sia <span class=\"_ _2\"></span>cedu<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>qual<span class=\"_ _1\"></span>ifichi <span class=\"_ _2\"></span>pi\u00f9 <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>fficace <span class=\"_ _2\"></span>copert<span class=\"_ _1\"></span>ura <span class=\"_ _6\"></span>dal <span class=\"_ _2\"></span>rischio </span>a <span class=\"_ _12\"> </span>front<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>d<span class=\"_ _1\"></span>el <span class=\"_ _a\"> </span>quale <span class=\"_ _12\"> </span>l\u2019oper<span class=\"_ _1\"></span>azione <span class=\"_ _a\"> </span>era <span class=\"_ _a\"> </span>stata <span class=\"_ _12\"> </span>accesa, <span class=\"_ _a\"> </span>o <span class=\"_ _a\"> </span>il <span class=\"_ _12\"> </span>verificarsi<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>della <span class=\"_ _12\"> </span>operazio<span class=\"_ _1\"></span>ne <span class=\"_ _12\"> </span>so<span class=\"_ _1\"></span>ttostante <span class=\"_ _a\"> </span>non <span class=\"_ _12\"> </span>s<span class=\"_ _1\"></span>ia <span class=\"_ _a\"> </span>pi\u00f9 considerata <span class=\"_ _3\"></span>altamente <span class=\"_ _e\"></span>probabile, <span class=\"_ _3\"></span>la <span class=\"_ _e\"></span>quota <span class=\"_ _e\"></span>della <span class=\"_ _3\"></span>riserva <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span><span class=\"ff24\">cash <span class=\"_ _e\"></span>flow <span class=\"_ _e\"></span>hedge <span class=\"_ _3\"></span></span>a <span class=\"_ _e\"></span>es<span class=\"_ _3\"></span>so <span class=\"_ _3\"></span>relativa <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>immediata<span class=\"_ _1\"></span>mente riversata a conto <span class=\"_ _1\"></span>economic<span class=\"_ _1\"></span>o. Indipendentemente <span class=\"_ _11\"></span>dal <span class=\"_ _11\"></span>tipo <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>classificazione <span class=\"_ _11\"></span>gli <span class=\"_ _6\"></span>strumenti <span class=\"_ _11\"></span>derivati <span class=\"_ _11\"></span>sono <span class=\"_ _6\"></span>valutati <span class=\"_ _11\"></span>al <span class=\"_ _7\"></span><span class=\"ff24\">fair <span class=\"_ _6\"></span>value</span>, <span class=\"_ _11\"></span>determinato<span class=\"_ _1\"></span> mediante <span class=\"_ _a\"></span>tecniche <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>valutazione <span class=\"_ _a\"> </span>basa<span class=\"_ _1\"></span>te <span class=\"_ _a\"> </span>su <span class=\"_ _a\"> </span>dati <span class=\"_ _a\"></span>di <span class=\"_ _7\"></span>m<span class=\"_ _3\"></span>ercato, <span class=\"_ _a\"> </span>quali, <span class=\"_ _7\"></span>fra <span class=\"_ _a\"> </span>le <span class=\"_ _a\"> </span>altre, <span class=\"_ _6\"></span><span class=\"ls2\">il</span> <span class=\"_ _11\"></span><span class=\"ff24\">discounted <span class=\"_ _11\"></span>cash <span class=\"_ _11\"></span>flow</span>, <span class=\"_ _11\"></span><span class=\"ls16\">la</span> metodologia <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>assi <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>cambio <span class=\"_ _2\"></span><span class=\"ff24\">forward<span class=\"ff1f\">, <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _0\"></span>formula <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>Black- Scholes e sue ev<span class=\"_ _1\"></span>oluzioni). </span></span></span></span></span></span></span></span>In<span class=\"ls0\"> <span class=\"_ _11\"></span>par<span class=\"_ _1\"></span>tico<span class=\"_ _2\"></span>lare,<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>tale<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>dete<span class=\"_ _1\"></span>rmin<span class=\"_ _2\"></span>ato <span class=\"_ _e\"></span>avv<span class=\"_ _2\"></span>alend<span class=\"_ _1\"></span>os<span class=\"_ _2\"></span>i <span class=\"_ _11\"></span><span class=\"ls6\">di</span> <span class=\"_ _11\"></span>app<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>iti <span class=\"_ _e\"></span>str<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls6\">di</span> <span class=\"_ _11\"></span><span class=\"ff24\">pric<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>g <span class=\"_ _11\"></span><span class=\"ff1f\">alime<span class=\"_ _1\"></span>nt<span class=\"_ _2\"></span>ati <span class=\"_ _6\"></span>sulla <span class=\"_ _11\"></span>base <span class=\"_ _11\"></span>dei </span></span></span>parametri <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>mercato <span class=\"_ _3\"></span>(i.e. <span class=\"_ _3\"></span>tassi<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>interesse, <span class=\"_ _3\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _e\"></span>camb<span class=\"_ _1\"></span>io <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>volatilit\u00e0), <span class=\"_ _3\"></span>rilevati <span class=\"_ _e\"></span>alle <span class=\"_ _e\"></span>singole <span class=\"_ _e\"></span>date <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>valutazione <span class=\"_ _e\"></span>e confrontati con quan<span class=\"_ _1\"></span>to comunicato d<span class=\"_ _1\"></span>alle contropa<span class=\"_ _1\"></span>rti. ",
   "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=\"_ _2\"></span>tiliz<span class=\"_ _2\"></span>zo di<span class=\"_ _1\"></span> s<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>me La<span class=\"ls0\"> <span class=\"_ _e\"></span>redazione <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>bilancio <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>delle <span class=\"_ _e\"></span>relati<span class=\"_ _1\"></span>ve <span class=\"_ _e\"></span>note <span class=\"_ _e\"></span>esplica<span class=\"_ _1\"></span>tive <span class=\"_ _e\"></span><span class=\"ls16\">in</span> <span class=\"_ _e\"></span>applicazione <span class=\"_ _3\"></span>degli <span class=\"_ _e\"></span>IFRS <span class=\"_ _e\"></span>richiede <span class=\"_ _6\"></span>da <span class=\"_ _11\"></span>parte <span class=\"_ _e\"></span>della </span>Societ\u00e0 <span class=\"ls2\">il</span> ricorso a stime e assunzioni che hanno effetto sui valori delle attivit\u00e0 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>delle <span class=\"_ _11\"></span>passivit\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>bilancio <span class=\"_ _e\"></span>e sull\u2019informativa <span class=\"_ _0\"></span>relativa <span class=\"_ _2\"></span>ad <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _2\"></span>potenziali <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ata <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span><span class=\"ff1f\">bilancio. <span class=\"_ _2\"></span>Le <span class=\"_ _2\"></span>stime <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>le <span class=\"_ _2\"></span>assunzioni <span class=\"_ _2\"></span>utilizzate<span class=\"_ _1\"></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=\"_ _2\"></span> pertanto <span class=\"_ _2\"></span>differire <span class=\"_ _1\"></span>da <span class=\"_ _2\"></span>tali <span class=\"_ _2\"></span>stime. Le <span class=\"_ _2\"></span>stime <span class=\"_ _2\"></span>riguardano <span class=\"_ _2\"></span>principalmente <span class=\"_ _2\"></span>gli a<span class=\"_ _1\"></span>ccantonam<span class=\"_ _1\"></span>enti <span class=\"_ _2\"></span>per rischi <span class=\"_ _2\"></span>su c<span class=\"_ _1\"></span>rediti, <span class=\"_ _2\"></span>per obsolescenza <span class=\"_ _f\"> </span>magazzino, <span class=\"_ _16\"> </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=\"_ _16\"> </span><span class=\"ls2\">le</span> svalutazioni <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>attivo, <span class=\"_ _2\"></span>imposte, <span class=\"_ _2\"></span>fondi <span class=\"_ _1\"></span>rischi <span class=\"_ _2\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _2\"></span>oneri <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _1\"></span>potenzial<span class=\"_ _1\"></span>i. L<span class=\"_ _1\"></span>e st<span class=\"_ _1\"></span>ime <span class=\"_ _1\"></span>e le<span class=\"_ _1\"></span> assunz<span class=\"_ _1\"></span>ioni <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>riviste </span></span></span></span>periodicamente <span class=\"_ _1\"></span>e gli <span class=\"_ _1\"></span>effetti <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> ogni <span class=\"_ _1\"></span>variazione <span class=\"_ _2\"></span>ad esse apportata <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>riflessi a <span class=\"_ _2\"></span>conto econo<span class=\"_ _1\"></span>mico <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>periodo <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> </span></span>cui <span class=\"_ _a\"> </span>avviene <span class=\"_ _7\"></span><span class=\"ls16\">la<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>revision<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>di <span class=\"_ _7\"></span>st<span class=\"_ _3\"></span>ima <span class=\"_ _7\"></span>se<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>la <span class=\"_ _6\"></span>revisione <span class=\"_ _11\"></span>stessa <span class=\"_ _11\"></span>ha <span class=\"_ _11\"></span>effetti <span class=\"_ _6\"></span>solo <span class=\"_ _e\"></span><span class=\"ls33\">su</span> <span class=\"_ _6\"></span>tale <span class=\"_ _11\"></span>periodo, <span class=\"_ _6\"></span>o <span class=\"_ _11\"></span>anche <span class=\"_ _11\"></span>nei <span class=\"_ _6\"></span>periodi successivi <span class=\"_ _2\"></span><span class=\"ls33\">se<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ls16\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>revisione h<span class=\"_ _1\"></span>a effetti sia<span class=\"_ _1\"></span> <span class=\"ff22\">sull\u2019esercizio cor<span class=\"_ _1\"></span>rente, sia su que<span class=\"_ _1\"></span>lli futuri.<span class=\"ff1f\"> </span></span></span></span></span></span>Come <span class=\"_\"> </span>richi<span class=\"_ _1\"></span>esto <span class=\"_\"> </span>d<span class=\"_ _1\"></span>alle <span class=\"_ _12\"> </span>linee <span class=\"_\"> </span>guida <span class=\"_ _12\"> </span>e <span class=\"_\"> </span>dagli <span class=\"_ _12\"> </span>orientamenti <span class=\"_\"> </span>pr<span class=\"_ _1\"></span>esenti <span class=\"_ _12\"> </span>nei <span class=\"_\"> </span>documen<span class=\"_ _1\"></span>ti <span class=\"_\"> </span>pubblicat<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>da <span class=\"_ _11\"></span>CONSOB <span class=\"_ _e\"></span>e ESMA, alla <span class=\"_ _2\"></span>luce della s<span class=\"_ _1\"></span>ituazione <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> inc<span class=\"_ _1\"></span>ertezza <span class=\"_ _2\"></span>cons<span class=\"_ _3\"></span>eguente i<span class=\"_ _1\"></span>l confl<span class=\"_ _1\"></span>itto in <span class=\"_ _1\"></span>Ucra<span class=\"_ _1\"></span>ina, si r<span class=\"_ _1\"></span>icorda che<span class=\"_ _2\"></span> le stime a<span class=\"_ _1\"></span>l 31<span class=\"_ _1\"></span> dicembre <span class=\"_ _11\"></span>2022 <span class=\"_ _6\"></span>(cos\u00ec <span class=\"_ _11\"></span>come <span class=\"_ _11\"></span>quelle <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>2021) <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>state <span class=\"_ _6\"></span>effettuate <span class=\"_ _11\"></span>basandosi <span class=\"_ _11\"></span>su <span class=\"_ _6\"></span>assunzioni <span class=\"_ _11\"></span>relative <span class=\"_ _11\"></span>al <span class=\"_ _6\"></span>futuro caratterizzate <span class=\"_ _2\"></span>da un <span class=\"_ _1\"></span>rilevan<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>grado d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> in<span class=\"_ _1\"></span>certezza <span class=\"_ _2\"></span>(come <span class=\"_ _1\"></span>anche co<span class=\"_ _1\"></span>mmentato <span class=\"_ _2\"></span>alla Nota <span class=\"_ _2\"></span>18 \u201cAttivit\u00e0 <span class=\"_ _2\"></span>immateriali\u201d della <span class=\"_ _e\"></span>presente <span class=\"_ _e\"></span>relazione <span class=\"_ _e\"></span>finanziaria <span class=\"_ _e\"></span>annuale <span class=\"_ _3\"></span>cui<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>rimanda). <span class=\"_ _e\"></span>Pertanto, <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>pu\u00f2 <span class=\"_ _e\"></span>escludere <span class=\"_ _e\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>nei prossimi esercizi, <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>concretizzarsi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>risultati<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>diversi <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>stime <span class=\"_ _1\"></span>effettuate <span class=\"_ _2\"></span>per il bilancio al 31 dicem<span class=\"_ _1\"></span>bre 2022, si </span></span>possano rende<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>e neces<span class=\"_ _1\"></span>sarie ret<span class=\"_ _1\"></span>tifiche anche <span class=\"_ _2\"></span>significative ai v<span class=\"_ _2\"></span>al<span class=\"_ _3\"></span>ori di <span class=\"_ _1\"></span>bilanc<span class=\"_ _1\"></span>io ogget<span class=\"_ _1\"></span>to di <span class=\"_ _1\"></span>valutazione, <span class=\"_ _2\"></span>tra i qual<span class=\"_ _1\"></span>i si evidenz<span class=\"_ _1\"></span>iano gl<span class=\"_ _1\"></span>i avvi<span class=\"_ _1\"></span>amenti, <span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>e al<span class=\"_ _1\"></span>tre att<span class=\"_ _1\"></span>ivit\u00e0 i<span class=\"_ _1\"></span>mmateriali <span class=\"_ _2\"></span>a vita u<span class=\"_ _1\"></span>tile inde<span class=\"_ _1\"></span>finita, n<span class=\"_ _1\"></span>onch\u00e9 <span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>e impos<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>e ant<span class=\"_ _1\"></span>icipate <span class=\"_ _1\"></span>e la stima sulla rec<span class=\"_ _1\"></span>uperabilit\u00e0 dei c<span class=\"_ _1\"></span>rediti. A <span class=\"_ _a\"> </span>tale <span class=\"_ _12\"> </span>riguardo, <span class=\"_ _a\"> </span>con <span class=\"_ _a\"> </span>riferimento <span class=\"_ _a\"> </span>all\u2019avviamen<span class=\"_ _1\"></span>to <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>ai <span class=\"_ _a\"> </span>marchi <span class=\"_ _12\"> </span><span class=\"ls4\">e <span class=\"_ _a\"> </span></span>testate <span class=\"_ _a\"> </span>sono <span class=\"_ _a\"> </span>state <span class=\"_ _a\"> </span>svolte <span class=\"_ _12\"> </span>alcune <span class=\"_ _a\"> </span>analisi <span class=\"_ _a\"> </span>di sensitivit\u00e0 ripor<span class=\"_ _1\"></span>tate nella N<span class=\"_ _1\"></span>ota 18 \u201cAttivit<span class=\"_ _1\"></span>\u00e0 immateria<span class=\"_ _1\"></span>li\u201d. Descrizione d<span class=\"_ _1\"></span>egli i<span class=\"_ _1\"></span>mpatti a <span class=\"_ _2\"></span>seguito del conf<span class=\"_ _1\"></span>litto in <span class=\"_ _1\"></span>Ucraina <span class=\"_ _2\"></span>(D<span class=\"_ _3\"></span>ocumento ES<span class=\"_ _1\"></span>MA n. <span class=\"_ _2\"></span>32-63-1277 del 1<span class=\"_ _1\"></span>3/05/2022 ripreso da <span class=\"_ _3\"></span>CONSOB<span class=\"_ _1\"></span> con <span class=\"_ _3\"></span>richiamo di <span class=\"_ _3\"></span>attenzione n.3/22 del <span class=\"_ _3\"></span>19/05/2022<span class=\"_ _1\"></span> e <span class=\"_ _3\"></span>successivo richiamo dell\u2019ESMA nel Public <span class=\"_ _1\"></span>Statement<span class=\"_ _1\"></span> \u201c<span class=\"ff24\">Eur<span class=\"_ _2\"></span>opean common <span class=\"_ _2\"></span>enforcement <span class=\"_ _1\"></span>priori<span class=\"_ _1\"></span>ties f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>2022 <span class=\"_ _2\"></span>annual f<span class=\"_ _1\"></span>inancial <span class=\"_ _2\"></span>reports<span class=\"_ _3\"></span><span class=\"ff22\">\u201d <span class=\"_ _2\"></span>del 28 <span class=\"_ _2\"></span>ottobre </span></span>2022) A <span class=\"_ _11\"></span>partire <span class=\"_ _6\"></span>da <span class=\"_ _11\"></span>fine <span class=\"_ _6\"></span>febbraio <span class=\"_ _e\"></span>2022 <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>conflitto <span class=\"_ _11\"></span>scoppiato <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>Ucrai<span class=\"_ _3\"></span>na <span class=\"_ _6\"></span>e <span class=\"_ _11\"></span>le <span class=\"_ _6\"></span>sue <span class=\"_ _11\"></span>conseguenze, <span class=\"_ _11\"></span>anche <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _11\"></span>termini <span class=\"_ _6\"></span>di sanzioni <span class=\"_ _3\"></span>economiche <span class=\"_ _3\"></span>applicate alla <span class=\"_ _3\"></span>Russia <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>impatti sull\u2019<span class=\"_ _3\"></span>econom<span class=\"_ _1\"></span>ia <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>scambi, in <span class=\"_ _e\"></span>particolare sulle <span class=\"_ _3\"></span>filiere energetiche, <span class=\"_ _3\"></span>produttive <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>logistiche, <span class=\"_ _3\"></span>stanno <span class=\"_ _3\"></span>determinando <span class=\"_ _3\"></span>una <span class=\"_ _e\"></span>situazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>generale <span class=\"_ _3\"></span>significativa <span class=\"_ _e\"></span>incertezza. Il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>presenta <span class=\"_ _e\"></span>una <span class=\"_ _e\"></span>esposizione <span class=\"_ _e\"></span>diretta <span class=\"_ _e\"></span>e/o <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _e\"></span>commerciali <span class=\"_ _e\"></span>nei <span class=\"_ _e\"></span>confronti <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>mercati <span class=\"_ _e\"></span>colpiti <span class=\"_ _e\"></span>dal conflitto <span class=\"_ _2\"></span>e/o <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>soggetti <span class=\"_ _2\"></span>sanzionati. <span class=\"_ _2\"></span>L\u2019attuale <span class=\"_ _2\"></span>situazi<span class=\"_ _1\"></span>one <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>accentuato <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>spinte <span class=\"_ _2\"></span>inflative <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>dinamica <span class=\"_ _2\"></span>crescente<span class=\"_ _1\"></span> dei <span class=\"_ _16\"> </span>costi <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>diversi <span class=\"_ _16\"> </span>fattori <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>produzione <span class=\"_ _16\"> </span>gi\u00e0 <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>corso <span class=\"_ _16\"> </span>dal <span class=\"_ _16\"> </span>2021 <span class=\"_ _16\"> </span>ed <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>alcuni <span class=\"_ _16\"> </span>casi <span class=\"_ _16\"> </span>anche <span class=\"_ _16\"> </span>difficolt\u00e0 <span class=\"_ _16\"> </span>di approvvigioname<span class=\"_ _1\"></span>nto <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>qui<span class=\"_ _1\"></span>ndi <span class=\"_ _a\"> </span>nei <span class=\"_ _12\"> </span>proc<span class=\"_ _1\"></span>essi <span class=\"_ _a\"> </span>produttivi <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span>diversi <span class=\"_ _a\"> </span>se<span class=\"_ _3\"></span>ttori. <span class=\"_ _a\"> </span>Con <span class=\"_ _a\"> </span>riferimento <span class=\"_ _a\"> </span>al <span class=\"_ _a\"> </span>Gruppo, <span class=\"_ _12\"> </span>tale contesto <span class=\"_ _12\"> </span>economico <span class=\"_ _a\"> </span>ha <span class=\"_ _12\"> </span>riflessi <span class=\"_ _12\"> </span>sui <span class=\"_ _12\"> </span>costi <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>p<span class=\"_ _1\"></span>roduzione, <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>n <span class=\"_ _12\"> </span>particolare <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>la <span class=\"_ _12\"> </span>carta, <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>pu\u00f2 <span class=\"_ _12\"> </span>influire <span class=\"_ _12\"> </span>anche sull\u2019andamento <span class=\"_ _2\"></span>del mercato<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>pubblicitario, <span class=\"_ _2\"></span>potendo inci<span class=\"_ _1\"></span>dere su<span class=\"_ _1\"></span>lla <span class=\"_ _1\"></span>propensione <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>spesa d<span class=\"_ _2\"></span>egli inserzionis<span class=\"_ _1\"></span>ti. <span class=\"_ _1\"></span>Lo sviluppo <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>situazione <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>suoi<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>potenziali <span class=\"_ _6\"></span>effetti <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>evoluzione <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>gestione, <span class=\"_ _11\"></span>che <span class=\"_ _7\"></span>saranno <span class=\"_ _6\"></span>ogge<span class=\"_ _3\"></span>tto <span class=\"_ _6\"></span>di costante monitoragg<span class=\"ff22\">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 m<span class=\"_ _3\"></span>omento ancora <span class=\"_ _3\"></span>prevedibili <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>quanto </span>dipendono, <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span>l\u2019altro <span class=\"_ _2\"></span>dall\u2019evoluz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>durata <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>conflitto <span class=\"_ _2\"></span>in U<span class=\"_ _2\"></span>craina, <span class=\"_ _2\"></span>dalle <span class=\"_ _2\"></span>sanzioni <span class=\"_ _2\"></span>economiche <span class=\"_ _2\"></span>nei <span class=\"_ _2\"></span>confronti della Russia e <span class=\"_ _3\"></span>dei suoi effetti geopolitici e dall\u2019eff<span class=\"ff1f\">icacia delle mi<span class=\"_ _3\"></span>sure pubbliche, anche economiche, che sono </span>state e saranno i<span class=\"_ _1\"></span>mplementate. Di <span class=\"_ _e\"></span>seguito <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>riepilog<span class=\"_ _1\"></span>ati <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>processi <span class=\"_ _e\"></span>critici <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>valutazione <span class=\"_ _e\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>assunzioni <span class=\"_ _e\"></span>chiave <span class=\"_ _3\"></span>utilizzate <span class=\"_ _e\"></span>dal <span class=\"_ _e\"></span>management nel <span class=\"_ _e\"></span>proce<span class=\"_ _1\"></span>sso <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>applicazion<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>principi <span class=\"_ _3\"></span>contabili <span class=\"_ _3\"></span>riguardo <span class=\"_ _e\"></span><span class=\"ls3\">al</span> <span class=\"_ _e\"></span>futuro <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>possono <span class=\"_ _3\"></span>ave<span class=\"_ _3\"></span>re <span class=\"_ _e\"></span>effetti <span class=\"_ _3\"></span>significativi sui <span class=\"_ _11\"></span>valori <span class=\"_ _e\"></span>r<span class=\"_ _3\"></span>ilevati <span class=\"_ _e\"></span>nel <span class=\"_ _11\"></span>bilancio <span class=\"_ _11\"></span>consolidato <span class=\"_ _e\"></span>o <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>le <span class=\"_ _11\"></span>quali <span class=\"_ _11\"></span>esiste <span class=\"_ _11\"></span>il <span class=\"_ _11\"></span>rischio <span class=\"_ _11\"></span>che <span class=\"_ _11\"></span>possano <span class=\"_ _11\"></span>emerg<span class=\"_ _3\"></span>ere <span class=\"_ _e\"></span>r<span class=\"_ _3\"></span>ettifiche <span class=\"_ _e\"></span>di valore <span class=\"_ _2\"></span>significative <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _1\"></span>nell\u2019eserc<span class=\"_ _1\"></span>izio <span class=\"_ _2\"></span>successivo <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>quello <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>riferimento<span class=\"_ _1\"></span> del bilancio. De<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span>del va<span class=\"_ _2\"></span>lore re<span class=\"_ _2\"></span>cuper<span class=\"_ _2\"></span>abile <span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>lle<span class=\"_ _2\"></span> attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span> no<span class=\"_ _1\"></span>n c<span class=\"_ _2\"></span>orrent<span class=\"_ _2\"></span>i Il<span class=\"ls0\"> <span class=\"_ _6\"></span>Grupp<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>rived<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>per<span class=\"_ _1\"></span>iod<span class=\"_ _2\"></span>icame<span class=\"_ _2\"></span>nte <span class=\"_ _6\"></span><span class=\"ls16\">il</span> <span class=\"_ _6\"></span>valo<span class=\"_ _1\"></span>re <span class=\"_ _11\"></span>conta<span class=\"_ _1\"></span>bi<span class=\"_ _2\"></span>le <span class=\"_ _6\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>att<span class=\"_ _1\"></span>ivi<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _6\"></span>imma<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>anc<span class=\"_ _2\"></span>he <span class=\"_ _6\"></span><span class=\"ls16\">in</span> <span class=\"_ _6\"></span>assen<span class=\"_ _1\"></span>za <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>segnali <span class=\"_ _6\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> </span>impairment, <span class=\"_ _a\"></span>per <span class=\"_ _7\"></span>accertare <span class=\"_ _a\"></span>che <span class=\"_ _7\"></span>siano <span class=\"_ _a\"> </span>iscritte <span class=\"_ _a\"> </span><span class=\"ls4\">ad</span> <span class=\"_ _a\"></span>un <span class=\"_ _7\"></span>valore <span class=\"_ _a\"> </span>non <span class=\"_ _a\"> </span>superior<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>a <span class=\"_ _a\"></span>quello <span class=\"_ _12\"> </span>recup<span class=\"_ _1\"></span>erabile. <span class=\"_ _6\"></span>Quando <span class=\"_ _6\"></span><span class=\"ls49\">si</span> evidenziano <span class=\"_ _e\"></span>indicato<span class=\"_ _1\"></span>ri <span class=\"_ _e\"></span><span class=\"ls6\">di</span> <span class=\"_ _11\"></span>svalutazione <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>inoltre <span class=\"_ _e\"></span>tempestivamente <span class=\"_ _7\"></span>rivisti <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>valori <span class=\"_ _a\"></span>di <span class=\"_ _6\"></span>carico <span class=\"_ _a\"> </span>di <span class=\"_ _6\"></span>immobili <span class=\"_ _7\"></span>e impianti. Pi\u00f9 <span class=\"_ _1\"></span>precisa<span class=\"_ _1\"></span>mente <span class=\"_ _1\"></span>gli avviam<span class=\"_ _1\"></span>enti rela<span class=\"_ _1\"></span>tivi alle <span class=\"ff24\">cash <span class=\"_ _1\"></span>generating <span class=\"_ _2\"></span>unit <span class=\"ff1f\">e le attivi<span class=\"_ _1\"></span>t\u00e0 imma<span class=\"_ _1\"></span>teriali a v<span class=\"_ _1\"></span>ita ut<span class=\"_ _1\"></span>ile </span></span>indefinita vengono v<span class=\"_ _2\"></span>al<span class=\"_ _3\"></span>utati con ca<span class=\"_ _1\"></span>denza almeno an<span class=\"_ _1\"></span>nuale anch<span class=\"_ _1\"></span>e in assenz<span class=\"_ _1\"></span>a di indicatori di <span class=\"ff24\">impairment. </span>Il <span class=\"_ _a\"> </span>valore <span class=\"_ _a\"> </span>recuperabi<span class=\"_ _1\"></span>le <span class=\"_ _a\"> </span>degli <span class=\"_ _a\"> </span>avviamen<span class=\"_ _1\"></span>ti <span class=\"_ _a\"> </span>definito <span class=\"_ _a\"> </span>da <span class=\"_ _a\"></span>c<span class=\"_ _1\"></span>iascun <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>mpairme<span class=\"_ _1\"></span>nt <span class=\"_ _a\"> </span>test <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _a\"> </span>sensibile <span class=\"_ _a\"> </span>a <span class=\"_ _a\"> </span>variaz<span class=\"_ _1\"></span>ioni <span class=\"_ _a\"> </span>delle assunzioni <span class=\"_ _a\"> </span>utilizzate <span class=\"_ _a\"> </span>quali <span class=\"_ _a\"> </span>il <span class=\"_ _a\"> </span>tasso <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>crescita <span class=\"_ _a\"> </span>dei <span class=\"_ _a\"> </span>ricavi, <span class=\"_ _a\"> </span>le <span class=\"_ _a\"> </span>variazioni <span class=\"_ _a\"> </span>dell\u2019EBITDA<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>previste, <span class=\"_ _a\"> </span>i <span class=\"_ _a\"> </span>parametri valutativi, <span class=\"_ _a\"></span>rife<span class=\"_ _1\"></span>riti <span class=\"_ _a\"> </span>al <span class=\"_ _7\"></span>t<span class=\"_ _3\"></span>asso <span class=\"_ _a\"></span>di <span class=\"_ _a\"> </span>at<span class=\"_ _1\"></span>tualizzazione <span class=\"_ _7\"></span>(WACC) <span class=\"_ _a\"> </span>ed <span class=\"_ _a\"> </span>alla <span class=\"_ _6\"></span>costanza <span class=\"_ _6\"></span>delle <span class=\"_ _7\"></span>proiezioni <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>oltre <span class=\"_ _6\"></span><span class=\"ls2\">il</span> periodo <span class=\"ls6\">di<span class=\"_ _3\"></span></span> piano <span class=\"ls5\">(g</span> uguale a zero, <span class=\"ls2\">in</span> termini <span class=\"_ _e\"></span>nom<span class=\"_ _1\"></span>inali). <span class=\"_ _3\"></span>Il <span class=\"_ _3\"></span>WACC <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>sua <span class=\"_ _3\"></span>volta <span class=\"_ _e\"></span>sensibile <span class=\"_ _3\"></span>alle <span class=\"_ _e\"></span>variazioni <span class=\"_ _3\"></span>delle proprie componen<span class=\"_ _1\"></span>ti, tra cui il risk f<span class=\"_ _1\"></span>ree rate che sinte<span class=\"_ _1\"></span>tizza il rischio <span class=\"_ _1\"></span>paese. Fo<span class=\"_ _1\"></span>ndo<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>sv<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>ione <span class=\"_ _2\"></span>cre<span class=\"_ _2\"></span>diti Il <span class=\"_ _3\"></span>fondo <span class=\"_ _e\"></span>svaluta<span class=\"_ _1\"></span>zione <span class=\"_ _3\"></span>crediti <span class=\"_ _3\"></span>riflette <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>stima <span class=\"_ _e\"></span>del management <span class=\"_ _3\"></span>circa <span class=\"_ _3\"></span>le <span class=\"_ _e\"></span>perdite relative <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>portafogl<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span> di <span class=\"_ _2\"></span>crediti verso <span class=\"_ _0\"></span><span class=\"ls16\">la<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>clientela <span class=\"_ _0\"></span>finale. <span class=\"_ _0\"></span><span class=\"ls8\">La<span class=\"ls0\"> <span class=\"_ _2\"></span>stima <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _0\"></span>svalutazione <span class=\"_ _0\"></span>crediti <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _2\"></span>basa<span class=\"_ _1\"></span>ta <span class=\"_ _2\"></span>sulle <span class=\"_ _1\"></span>perd<span class=\"_ _1\"></span>ite <span class=\"_ _2\"></span>attese <span class=\"_ _2\"></span>da pa<span class=\"_ _1\"></span>rte <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Gruppo, </span></span></span></span>determinate in <span class=\"_ _1\"></span>funzione del<span class=\"_ _1\"></span>l\u2019esperienza p<span class=\"_ _1\"></span>assata <span class=\"_ _a\"> </span>per crediti simili, d<span class=\"_ _1\"></span>egli scaduti <span class=\"_ _1\"></span>correnti e stor<span class=\"_ _1\"></span>ici, delle perdi<span class=\"_ _1\"></span>te e degli incassi, dei model<span class=\"_ _1\"></span>li previsionali delle perd<span class=\"_ _1\"></span>ite attese, dell\u2019at<span class=\"_ _1\"></span>tento monitorag<span class=\"_ _1\"></span>gio della qualit\u00e0 del c<span class=\"_ _1\"></span>redito e delle proiezion<span class=\"_ _1\"></span>i circa le c<span class=\"_ _1\"></span>ondizioni econo<span class=\"_ _1\"></span>miche e di <span class=\"_ _1\"></span>mercato. E\u2019 <span class=\"_ _6\"></span>comun<span class=\"ff1f\">que <span class=\"_ _11\"></span>possibile <span class=\"_ _6\"></span>che <span class=\"_ _11\"></span>il <span class=\"_ _6\"></span>perdurare <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>fattori <span class=\"_ _11\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>incertezza <span class=\"_ _6\"></span>sullo <span class=\"_ _11\"></span>scenario <span class=\"_ _6\"></span>economico <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>breve <span class=\"_ _6\"></span>e <span class=\"_ _11\"></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=\"_ _4\"> </span>stata <span class=\"_ _4\"> </span>conseguenza, <span class=\"_ _4\"> </span>possano<span class=\"_ _1\"></span> <span class=\"_ _4\"> </span>comportare <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>ulteriore deterioramento <span class=\"_ _5\"> </span>delle <span class=\"_ _5\"> </span>condiz<span class=\"_ _1\"></span>ioni <span class=\"_ _5\"> </span>finanziarie <span class=\"_ _5\"> </span>dei <span class=\"_ _5\"> </span>debitori <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>Gruppo <span class=\"_ _15\"> </span>rispetto <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>quanto <span class=\"_ _15\"> </span>gi\u00e0 <span class=\"_ _17\"> </span>preso <span class=\"_ _15\"> </span>in considerazione nel<span class=\"_ _1\"></span>la quantificazi<span class=\"_ _1\"></span>one dei fond<span class=\"_ _1\"></span>i iscritti in bil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>o.<span class=\"_ _2\"></span> Impo<span class=\"_ _2\"></span>ste <span class=\"_ _1\"></span>ant<span class=\"_ _2\"></span>icipa<span class=\"_ _1\"></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=\"ls2\">in</span> cui <span class=\"_ _3\"></span><span class=\"ls49\">si<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>ritenga probabile che <span class=\"_ _3\"></span>vi <span class=\"_ _3\"></span>saranno <span class=\"_ _11\"></span>risultati <span class=\"_ _11\"></span>fiscali </span>imponibili <span class=\"_ _e\"></span>in <span class=\"_ _11\"></span>futuro <span class=\"_ _e\"></span>che <span class=\"_ _11\"></span>consentano <span class=\"_ _e\"></span>l\u2019utilizzo <span class=\"_ _11\"></span>delle <span class=\"_ _e\"></span>differenze <span class=\"_ _11\"></span>temporanee <span class=\"_ _e\"></span>deducibili. <span class=\"_ _e\"></span>Il <span class=\"_ _11\"></span>valore <span class=\"_ _11\"></span>recuperabile<span class=\"_ _2\"></span> delle attivi<span class=\"_ _1\"></span>t\u00e0 fiscali d<span class=\"_ _1\"></span>ifferite \u00e8 <span class=\"_ _1\"></span>rivisto pe<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>iodicamente <span class=\"_ _1\"></span>in funzio<span class=\"_ _1\"></span>ne deg<span class=\"_ _1\"></span>li imponibil<span class=\"_ _1\"></span>i futuri <span class=\"_ _1\"></span>rif<span class=\"_ _3\"></span>lessi nei<span class=\"_ _1\"></span> pi\u00f9 rec<span class=\"_ _1\"></span>enti piani del Gruppo.<span class=\"_ _1\"></span> Fo<span class=\"_ _1\"></span>ndi <span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi <span class=\"_ _2\"></span>ed o<span class=\"_ _1\"></span>ner<span class=\"_ _2\"></span>i Gli <span class=\"_ _11\"></span>accantonamenti <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>fondi <span class=\"_ _11\"></span>per <span class=\"_ _6\"></span>rischi <span class=\"_ _11\"></span><span class=\"ls4\">ed</span> <span class=\"_ _11\"></span>oneri <span class=\"_ _11\"></span>relativi <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _11\"></span>potenziali <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>natura <span class=\"_ _11\"></span>legale <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>fiscale <span class=\"_ _11\"></span>sono effettuati <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>fronte <span class=\"_ _6\"></span>delle <span class=\"_ _11\"></span>previsioni <span class=\"_ _6\"></span>effettuat<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>dagli <span class=\"_ _11\"></span>Amministratori, <span class=\"_ _11\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _11\"></span>delle <span class=\"_ _6\"></span>valutazioni <span class=\"_ _11\"></span>espresse <span class=\"_ _6\"></span>dai consulenti legal<span class=\"_ _1\"></span>i e fiscal<span class=\"_ _1\"></span>i della Soc<span class=\"_ _1\"></span>iet\u00e0, in me<span class=\"_ _1\"></span>rito al pro<span class=\"_ _1\"></span>babile onere c<span class=\"_ _1\"></span>he si rit<span class=\"_ _1\"></span>iene ragionevole verr\u00e0 <span class=\"_ _1\"></span>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=\"_ _2\"></span>onve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>ione<span class=\"_ _2\"></span> del<span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>post<span class=\"_ _2\"></span>e in <span class=\"_ _2\"></span>valuta Le <span class=\"_ _2\"></span>transazioni <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>valuta <span class=\"_ _2\"></span>estera <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>rilevate <span class=\"_ _2\"></span>inizialmen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>cambio <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>essere <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>data <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>transazione. Le <span class=\"_ _2\"></span>atti<span class=\"_ _3\"></span>vit\u00e0 <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _2\"></span>monetarie, <span class=\"_ _2\"></span>denominate <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>valuta <span class=\"_ _2\"></span>estera, <span class=\"_ _2\"></span>sono r<span class=\"_ _1\"></span>iconvertite <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>tasso di <span class=\"_ _2\"></span>cambio <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>essere <span class=\"_ _2\"></span>alla data di chiusura de<span class=\"_ _1\"></span>l bilancio. Le<span class=\"ls0\"> <span class=\"_ _11\"></span>poste <span class=\"_ _11\"></span>non <span class=\"_ _11\"></span>monetarie <span class=\"_ _11\"></span>valuta<span class=\"ls2\">te</span> <span class=\"_ _e\"></span><span class=\"ls4\">al</span> <span class=\"_ _11\"></span>costo <span class=\"_ _11\"></span>storico <span class=\"_ _11\"></span><span class=\"ls2\">in</span> <span class=\"_ _11\"></span>valuta <span class=\"_ _11\"></span>estera <span class=\"_ _11\"></span>sono <span class=\"_ _11\"></span>convertite <span class=\"_ _11\"></span>usando i tas<span class=\"_ _1\"></span>si di cam<span class=\"_ _1\"></span>bio in<span class=\"_ _1\"></span> </span>vigore <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>data <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>iniziale <span class=\"_ _2\"></span>rilevazione <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _2\"></span>transazione. <span class=\"_ _2\"></span>Le <span class=\"_ _2\"></span>poste <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>monetari<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>iscritte <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>equo <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>valuta estera sono conve<span class=\"_ _1\"></span>rtite usan<span class=\"_ _1\"></span>do il tasso di cam<span class=\"_ _1\"></span>bio alla da<span class=\"_ _1\"></span>ta di determinazione di<span class=\"_ _1\"></span> tale valore. Qualora <span class=\"_ _2\"></span>sia stata <span class=\"_ _2\"></span>istituita <span class=\"_ _2\"></span>una <span class=\"_ _1\"></span>designata <span class=\"_ _2\"></span>relazione <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>copertura <span class=\"ls6\">di</span> <span class=\"_ _2\"></span><span class=\"ff24\">f<span class=\"_ _3\"></span>air <span class=\"_ _2\"></span>value <span class=\"ff1f\">t<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>uno <span class=\"_ _2\"></span>strumento <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>copertura <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>un </span></span>elemento <span class=\"_ _12\"> </span>coperto <span class=\"_\"> </span>in <span class=\"_ _12\"> </span>valuta, <span class=\"_\"> </span>si <span class=\"_ _12\"> </span>applica <span class=\"_\"> </span>i<span class=\"_ _1\"></span>l <span class=\"_\"> </span>tra<span class=\"_ _1\"></span>ttamento <span class=\"_ _12\"> </span>per <span class=\"_\"> </span>gli <span class=\"_ _12\"> </span>strumenti <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>copertura <span class=\"_ _12\"> </span>indicato <span class=\"_\"> </span>ne<span class=\"_ _1\"></span>lla <span class=\"_ _16\"> </span>voce \u201cStrumenti finan<span class=\"_ _1\"></span>ziari derivati\u201d.<span class=\"ff1f\"> </span>I <span class=\"_ _0\"></span>bila<span class=\"_ _2\"></span>nci <span class=\"_ _0\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>con<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>est<span class=\"_ _2\"></span>ere <span class=\"_ _0\"></span>espre<span class=\"_ _1\"></span>ss<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>valu<span class=\"_ _2\"></span>ta <span class=\"_ _0\"></span>dive<span class=\"_ _2\"></span>rsa <span class=\"_ _0\"></span><span class=\"ff22\">dal<span class=\"_ _1\"></span>l\u2019eu<span class=\"_ _2\"></span>ro,<span class=\"ff1f\"> <span class=\"_ _0\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>sede<span class=\"_ _1\"></span> <span class=\"_ _0\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>conso<span class=\"_ _2\"></span>lid<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>vengono <span class=\"_ _2\"></span>conver<span class=\"_ _1\"></span>titi </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=\"ls2\">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=\"_ _e\"></span>le <span class=\"_ _11\"></span>componenti <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>reddito <span class=\"_ _e\"></span>del <span class=\"_ _11\"></span>conto economico <span class=\"_ _7\"> </span>il <span class=\"_ _a\"> </span>camb<span class=\"_ _1\"></span>io <span class=\"_ _7\"> </span>medio <span class=\"_ _7\"> </span>dell\u2019esercizio. <span class=\"_ _7\"> </span>Le <span class=\"_ _a\"> </span>differe<span class=\"_ _1\"></span>nze <span class=\"_ _7\"> </span>cambio<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _6\"></span>risultanti <span class=\"_ _7\"></span>vengono <span class=\"_ _6\"></span>iscritte <span class=\"_ _6\"></span><span class=\"ls16\">in</span> <span class=\"_ _7\"></span>una <span class=\"_ _6\"></span>ri<span class=\"_ _3\"></span>serva </span>separata <span class=\"_ _1\"></span>di pa<span class=\"_ _1\"></span>trimonio <span class=\"_ _2\"></span>denominata R<span class=\"_ _1\"></span>iserva di Conver<span class=\"_ _1\"></span>sione. ",
   "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=\"_ _1\"></span>inc<span class=\"_ _2\"></span>ipi <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>nta<span class=\"_ _2\"></span>bili, <span class=\"_ _2\"></span>emenda<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span> e<span class=\"_ _2\"></span>d inte<span class=\"_ _2\"></span>rpret<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>n v<span class=\"_ _2\"></span>igore<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span> par<span class=\"_ _2\"></span>tire<span class=\"_ _1\"></span> dal<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>\u00b0 <span class=\"_ _1\"></span>gen<span class=\"_ _1\"></span>nai<span class=\"_ _1\"></span>o 2<span class=\"_ _2\"></span>022<span class=\"_ _1\"></span> A p<span class=\"_ _1\"></span>art<span class=\"_ _1\"></span>ire<span class=\"_ _1\"></span> da<span class=\"_ _2\"></span>l 1\u00b0<span class=\"_ _2\"></span> gen<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>20<span class=\"_ _1\"></span>22<span class=\"_ _1\"></span> s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o e<span class=\"_ _2\"></span>ntrat<span class=\"_ _1\"></span>i i<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>vig<span class=\"_ _2\"></span>ore <span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span> e<span class=\"_ _2\"></span>menda<span class=\"_ _1\"></span>men<span class=\"_ _2\"></span>ti a<span class=\"_ _2\"></span>i seg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>dar<span class=\"_ _1\"></span>d:<span class=\"_ _1\"></span> <span class=\"ff24 fs7 fc0\">IFRS 3 Aggregazioni <span class=\"_ _1\"></span>aziendali<span class=\"ff22\">: le mod<span class=\"_ _1\"></span>ifiche hanno <span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>o scopo di <span class=\"_ _1\"></span>aggiornare i<span class=\"_ _1\"></span>l riferimen<span class=\"_ _1\"></span>to presente ne<span class=\"_ _1\"></span>ll\u2019IFRS 3 </span></span>al <span class=\"_ _12\"> </span>Concep<span class=\"_ _1\"></span>tual <span class=\"_ _a\"> </span>Framework <span class=\"_ _a\"> </span>nel<span class=\"_ _3\"></span>la <span class=\"_ _12\"> </span>vers<span class=\"_ _1\"></span>ione <span class=\"_ _a\"> </span>ri<span class=\"_ _3\"></span>vista, <span class=\"_ _a\"> </span>senza <span class=\"_ _12\"> </span>che <span class=\"_ _a\"> </span>ci\u00f2 <span class=\"_ _12\"> </span>comporti <span class=\"_ _a\"> </span>modifiche <span class=\"_ _12\"> </span>all<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>dispos<span class=\"_ _1\"></span>izioni <span class=\"_ _a\"> </span>del principio IFRS 3;<span class=\"_ _1\"></span> <span class=\"ff24 fs7 fc0\">IAS <span class=\"_ _6\"></span>16 <span class=\"_ _6\"></span>I<span class=\"_ _3\"></span>mmobili, <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>mpianti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>macchinari<span class=\"ff1f\">: <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>modifica <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>consente <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>dedurre <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>elemento <span class=\"_ _6\"></span>di </span></span>immobili, <span class=\"_ _e\"></span>impianti <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>macchinari <span class=\"_ _11\"></span>il <span class=\"_ _e\"></span>ricavo <span class=\"_ _11\"></span>derivante <span class=\"_ _e\"></span>dalla <span class=\"_ _11\"></span>vendita <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>beni <span class=\"_ _11\"></span>prodotti <span class=\"_ _e\"></span>prima <span class=\"_ _11\"></span>che <span class=\"_ _e\"></span>tale <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _11\"></span>sia pronta per l\u2019uso. Ta<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>i ricavi di vendi<span class=\"_ _1\"></span>ta e i relativi cos<span class=\"_ _1\"></span>ti devono <span class=\"_ _1\"></span>essere rilevat<span class=\"_ _1\"></span>i a<span class=\"ff1f\"> conto economico; </span><span class=\"ff24 fs7 fc0\">IAS <span class=\"_ _11\"></span>37 <span class=\"_ _6\"></span>Accan<span class=\"_ _1\"></span>tonamenti, <span class=\"_ _e\"></span>passivit\u00e0 <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _e\"></span>potenziali<span class=\"ff1f\">: <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>modifica <span class=\"_ _11\"></span>specifica <span class=\"_ _11\"></span>meglio <span class=\"_ _e\"></span>che, <span class=\"_ _11\"></span>nel <span class=\"_ _11\"></span>valutare <span class=\"_ _11\"></span>se <span class=\"_ _11\"></span>un </span></span>contratto \u00e8 oneroso,<span class=\"_ _1\"></span> i costi dire<span class=\"_ _1\"></span>ttamente corr<span class=\"_ _1\"></span>elati sono <span class=\"_ _1\"></span>costituiti da: \u2022 <span class=\"_ _10\"> </span><span class=\"ff22 fs7 fc0\">i costi incrementali nece<span class=\"_ _1\"></span>ssari all\u2019ademp<span class=\"_ _1\"></span>imento di tale c<span class=\"_ _1\"></span>o<span class=\"ff1f\">ntratto, ad esempio la man<span class=\"_ _1\"></span>odopera e le <span class=\"_ _1\"></span>materie </span></span>prime dirette;<span class=\"_ _1\"></span> \u2022 <span class=\"_ _10\"> </span><span class=\"ff22 fs7 fc0\">la <span class=\"_ _16\"> </span>r<span class=\"_ _3\"></span>ipartizione <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>altri <span class=\"_ _16\"> </span>costi <span class=\"_ _f\"> </span>direttamente <span class=\"_\"> </span>correlati <span class=\"_ _16\"> </span>all\u2019adempimento <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>contratto, <span class=\"_ _16\"> </span>ad <span class=\"_ _f\"> </span>esempio <span class=\"_ _16\"> </span>la </span>ripartizione della <span class=\"_ _3\"></span>quota di <span class=\"_ _3\"></span>ammortamento di <span class=\"_ _3\"></span>un elemento di<span class=\"_ _3\"></span> immobili, <span class=\"_ _3\"></span>impianti e <span class=\"_ _3\"></span>macchinari util<span class=\"_ _3\"></span>izzato per l\u2019adempimen<span class=\"_ _1\"></span>to di tale c<span class=\"_ _1\"></span>ontratto e di altri<span class=\"_ _1\"></span>.<span class=\"ff1f\"> </span><span class=\"ff24 fs7 fc0\">IFRS 9 Strumenti finanziari (Annual Improvem<span class=\"_ _1\"></span>ents 2018-2020):<span class=\"ff1f\"> <span class=\"ff22\">Lo IASB ha proposto una modifi<span class=\"_ _1\"></span>ca all\u2019IFRS<span class=\"_ _1\"></span> </span></span></span>9, chiarendo le<span class=\"_ _1\"></span> fees che<span class=\"_ _1\"></span> un\u2019entit\u00e0 inclu<span class=\"_ _1\"></span>de nel de<span class=\"_ _1\"></span>terminare se <span class=\"_ _1\"></span>le condizioni<span class=\"_ _1\"></span> di una n<span class=\"_ _1\"></span>uova o modi<span class=\"_ _1\"></span>fic<span class=\"ff1f\">ata passivit\u00e0 </span>finanziaria <span class=\"_ _12\"> </span>siano <span class=\"_ _12\"> </span>sostanzialmente <span class=\"_ _12\"> </span>differenti <span class=\"_ _12\"> </span>rispetto <span class=\"_ _12\"> </span>alle <span class=\"_\"> </span>condizion<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>della <span class=\"_\"> </span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _12\"> </span>finanziaria <span class=\"_ _12\"> </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 f<span class=\"_ _3\"></span>inanziato<span class=\"_ _1\"></span>re, incluse <span class=\"_ _3\"></span>le fees <span class=\"_ _3\"></span>pagate o percepite dal debito<span class=\"_ _1\"></span>re o dal finanzi<span class=\"_ _1\"></span>atore per con<span class=\"_ _1\"></span>to di altri. L\u2019a<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>zio<span class=\"_ _2\"></span>ne <span class=\"_\"> </span>di <span class=\"_\"> </span>tal<span class=\"_ _2\"></span>i <span class=\"_\"> </span>emend<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti <span class=\"_\"> </span>no<span class=\"_ _1\"></span>n <span class=\"_\"> </span>h<span class=\"_ _1\"></span>a <span class=\"_\"> </span>co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tato<span class=\"_ _2\"></span> <span class=\"_\"> </span>effet<span class=\"_ _2\"></span>ti <span class=\"_\"> </span>sull<span class=\"_ _1\"></span>a <span class=\"_\"> </span>pre<span class=\"_ _2\"></span>sente<span class=\"_ _1\"></span> <span class=\"_\"> </span>Rel<span class=\"_ _2\"></span>azio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span> <span class=\"_\"> </span>Fin<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>iaria<span class=\"_ _1\"></span> <span class=\"_\"> </span>Ann<span class=\"_ _1\"></span>ua<span class=\"_ _2\"></span>le con<span class=\"_ _2\"></span>solida<span class=\"_ _2\"></span>ta d<span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> Pr<span class=\"_ _1\"></span>inc<span class=\"_ _2\"></span>ipi <span class=\"_ _1d4\"> </span>co<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>li,<span class=\"_ _2\"></span> <span class=\"_ _1d5\"> </span>eme<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _1c\"> </span>ed<span class=\"_ _1\"></span> <span class=\"_ _1c\"> </span>int<span class=\"_ _1\"></span>erp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>ioni <span class=\"_ _1d5\"> </span>omolo<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>i <span class=\"_ _1c\"> </span>dal<span class=\"_ _2\"></span>l\u2019UE, <span class=\"_ _1d5\"> </span>non <span class=\"_ _1d5\"> </span>ancora<span class=\"_ _1\"></span> obb<span class=\"_ _1\"></span>lig<span class=\"_ _1\"></span>at<span class=\"_ _2\"></span>oria<span class=\"_ _1\"></span>ment<span class=\"_ _2\"></span>e app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>adot<span class=\"_ _1\"></span>tat<span class=\"_ _2\"></span>i <span class=\"ls50\">in</span> <span class=\"_ _2\"></span>via<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>anti<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>pat<span class=\"_ _2\"></span>a dal <span class=\"_ _1\"></span>Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o Di <span class=\"_ _e\"></span>seguito <span class=\"_ _11\"></span>si <span class=\"_ _11\"></span>elencano, <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>indi<span class=\"_ _3\"></span>cazione <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>data <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>decorrenza, <span class=\"_ _e\"></span>gli <span class=\"_ _11\"></span>emendament<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>om<span class=\"_ _3\"></span>ologati <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>non <span class=\"_ _11\"></span>adottati anticipatamente da<span class=\"_ _1\"></span>l Gruppo<span class=\"_ _1\"></span> e per i quali so<span class=\"_ _1\"></span>no in corso <span class=\"_ _1\"></span>le valutazioni <span class=\"_ _1\"></span>su eventual<span class=\"_ _1\"></span>i impatti:<span class=\"_ _3\"></span> <span class=\"ff24 fs7 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=\"_ _3\"></span><span class=\"ff1f\">. <span class=\"_ _3\"></span>Le modifiche </span></span>si applicheranno a p<span class=\"_ _1\"></span>artire dal 202<span class=\"_ _1\"></span>3.  <span class=\"ff24 fs7 fc0\">Emendamento IAS 8 - De<span class=\"_ _1\"></span>finition of Accoun<span class=\"_ _1\"></span>ting Estim<span class=\"_ _1\"></span>ates<span class=\"ff1f\">. Le modifiche si <span class=\"_ _1\"></span>applicheranno a p<span class=\"_ _1\"></span>artire dal 2023. </span></span><span class=\"ff24 fs7 fc0\">Emendamento <span class=\"_ _3\"></span>IAS <span class=\"_ _3\"></span>12 <span class=\"_ _e\"></span>- <span class=\"_ _e\"></span>Deferred Tax <span class=\"_ _e\"></span>related <span class=\"_ _3\"></span>to <span class=\"_ _e\"></span>Asse<span class=\"_ _1\"></span>ts <span class=\"_ _3\"></span>and <span class=\"_ _e\"></span>Liabilities <span class=\"_ _3\"></span>arising f<span class=\"_ _3\"></span>rom <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Single <span class=\"_ _3\"></span>Transaction<span class=\"_ _3\"></span><span class=\"ff1f\">. <span class=\"_ _3\"></span>Le </span></span>modifiche si app<span class=\"_ _1\"></span>licano dal 1\u00b0<span class=\"_ _2\"></span> genna<span class=\"_ _3\"></span>io 2023 Pr<span class=\"_ _1\"></span>inc<span class=\"_ _2\"></span>ipi co<span class=\"_ _2\"></span>ntabi<span class=\"_ _1\"></span>li,<span class=\"_ _2\"></span> emend<span class=\"_ _1\"></span>ame<span class=\"_ _2\"></span>nti e<span class=\"_ _2\"></span>d inte<span class=\"_ _2\"></span>rpret<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> n<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>omo<span class=\"_ _2\"></span>logat<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _1\"></span>UE e<span class=\"_ _2\"></span>d app<span class=\"_ _1\"></span>lic<span class=\"_ _2\"></span>abili<span class=\"_ _1\"></span> dag<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span>ser<span class=\"_ _2\"></span>cizi c<span class=\"_ _2\"></span>he in<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>iano<span class=\"_ _2\"></span> dopo<span class=\"_ _1\"></span> il<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>\u00b0 <span class=\"_ _1\"></span>gen<span class=\"_ _1\"></span>nai<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>20<span class=\"_ _1\"></span>23 Di segui<span class=\"_ _1\"></span>to si <span class=\"_ _2\"></span>elencano, con <span class=\"_ _2\"></span>indicazione della <span class=\"_ _2\"></span>data di de<span class=\"_ _1\"></span>correnza, <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>emendame<span class=\"_ _1\"></span>nti <span class=\"_ _1\"></span>non ancor<span class=\"_ _1\"></span>a o<span class=\"_ _1\"></span>mologati <span class=\"_ _1\"></span>e non adottati anticipa<span class=\"_ _1\"></span>tamente dal<span class=\"_ _1\"></span> Gruppo e per i qu<span class=\"_ _1\"></span>ali sono in corso l<span class=\"_ _1\"></span>e valutazioni <span class=\"_ _1\"></span>su eventua<span class=\"_ _1\"></span>li impatti: Emendamento <span class=\"_ _12\"> </span>allo <span class=\"_ _12\"> </span>IAS <span class=\"_ _12\"> </span>1 <span class=\"_\"> </span><span class=\"ff25\">\u2013</span> <span class=\"_ _12\"> </span>Classif<span class=\"_ _1\"></span>ication <span class=\"_ _12\"> </span>of <span class=\"_ _12\"> </span>liabilities <span class=\"_ _12\"> </span>as <span class=\"_ _12\"> </span>current <span class=\"_ _12\"> </span>or <span class=\"_\"> </span>no<span class=\"_ _2\"></span>n <span class=\"_\"> </span>current: <span class=\"_ _12\"> </span>L\u2019applicazione <span class=\"_ _12\"> </span>delle modifiche origin<span class=\"_ _1\"></span>ariamente prev<span class=\"_ _1\"></span>ista a partire d<span class=\"_ _1\"></span>al 2022, \u00e8 st<span class=\"_ _1\"></span>ata posticipata <span class=\"_ _1\"></span>al 2024. <span class=\"ff24 fs7 fc0\">Emendamento allo IAS 1 <span class=\"_ _3\"></span><span class=\"ff25\">\u2013</span> Non-current Liabilities with Covenants<span class=\"ff1f\">: Le modifiche si applicano dal 1\u00b0 gennaio </span></span>2024. <span class=\"ff24 fs7 fc0\">Emendamento <span class=\"_ _2\"></span>all'IFRS <span class=\"_ _2\"></span>16 <span class=\"_ _1\"></span><span class=\"ff25\">\u2013<span class=\"ff24\"> <span class=\"_ _2\"></span>Lease L<span class=\"_ _2\"></span>iability <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>a S<span class=\"_ _2\"></span>al<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>Leaseback<span class=\"ff1f\">. L<span class=\"_ _2\"></span>e modi<span class=\"_ _1\"></span>fiche <span class=\"_ _2\"></span>si <span class=\"_ _1\"></span>applican<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>dal 1\u00b0<span class=\"_ _2\"></span> genna<span class=\"_ _2\"></span>io </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=\"_ _1\"></span>inc<span class=\"_ _2\"></span>ipi <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>nta<span class=\"_ _2\"></span>bili, <span class=\"_ _2\"></span>emenda<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span> e<span class=\"_ _2\"></span>d inte<span class=\"_ _2\"></span>rpret<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>n v<span class=\"_ _2\"></span>igore<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span> par<span class=\"_ _2\"></span>tire<span class=\"_ _1\"></span> dal<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>\u00b0 <span class=\"_ _1\"></span>gen<span class=\"_ _1\"></span>nai<span class=\"_ _1\"></span>o 2<span class=\"_ _2\"></span>022<span class=\"_ _1\"></span> A p<span class=\"_ _1\"></span>art<span class=\"_ _1\"></span>ire<span class=\"_ _1\"></span> da<span class=\"_ _2\"></span>l 1\u00b0<span class=\"_ _2\"></span> gen<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>20<span class=\"_ _1\"></span>22<span class=\"_ _1\"></span> s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o e<span class=\"_ _2\"></span>ntrat<span class=\"_ _1\"></span>i i<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>vig<span class=\"_ _2\"></span>ore <span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span> e<span class=\"_ _2\"></span>menda<span class=\"_ _1\"></span>men<span class=\"_ _2\"></span>ti a<span class=\"_ _2\"></span>i seg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>dar<span class=\"_ _1\"></span>d:<span class=\"_ _1\"></span> <span class=\"ff24 fs7 fc0\">IFRS 3 Aggregazioni <span class=\"_ _1\"></span>aziendali<span class=\"ff22\">: le mod<span class=\"_ _1\"></span>ifiche hanno <span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>o scopo di <span class=\"_ _1\"></span>aggiornare i<span class=\"_ _1\"></span>l riferimen<span class=\"_ _1\"></span>to presente ne<span class=\"_ _1\"></span>ll\u2019IFRS 3 </span></span>al <span class=\"_ _12\"> </span>Concep<span class=\"_ _1\"></span>tual <span class=\"_ _a\"> </span>Framework <span class=\"_ _a\"> </span>nel<span class=\"_ _3\"></span>la <span class=\"_ _12\"> </span>vers<span class=\"_ _1\"></span>ione <span class=\"_ _a\"> </span>ri<span class=\"_ _3\"></span>vista, <span class=\"_ _a\"> </span>senza <span class=\"_ _12\"> </span>che <span class=\"_ _a\"> </span>ci\u00f2 <span class=\"_ _12\"> </span>comporti <span class=\"_ _a\"> </span>modifiche <span class=\"_ _12\"> </span>all<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>dispos<span class=\"_ _1\"></span>izioni <span class=\"_ _a\"> </span>del principio IFRS 3;<span class=\"_ _1\"></span> <span class=\"ff24 fs7 fc0\">IAS <span class=\"_ _6\"></span>16 <span class=\"_ _6\"></span>I<span class=\"_ _3\"></span>mmobili, <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>mpianti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>macchinari<span class=\"ff1f\">: <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>modifica <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>consente <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>dedurre <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>elemento <span class=\"_ _6\"></span>di </span></span>immobili, <span class=\"_ _e\"></span>impianti <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>macchinari <span class=\"_ _11\"></span>il <span class=\"_ _e\"></span>ricavo <span class=\"_ _11\"></span>derivante <span class=\"_ _e\"></span>dalla <span class=\"_ _11\"></span>vendita <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>beni <span class=\"_ _11\"></span>prodotti <span class=\"_ _e\"></span>prima <span class=\"_ _11\"></span>che <span class=\"_ _e\"></span>tale <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _11\"></span>sia pronta per l\u2019uso. Ta<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>i ricavi di vendi<span class=\"_ _1\"></span>ta e i relativi cos<span class=\"_ _1\"></span>ti devono <span class=\"_ _1\"></span>essere rilevat<span class=\"_ _1\"></span>i a<span class=\"ff1f\"> conto economico; </span><span class=\"ff24 fs7 fc0\">IAS <span class=\"_ _11\"></span>37 <span class=\"_ _6\"></span>Accan<span class=\"_ _1\"></span>tonamenti, <span class=\"_ _e\"></span>passivit\u00e0 <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _e\"></span>potenziali<span class=\"ff1f\">: <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>modifica <span class=\"_ _11\"></span>specifica <span class=\"_ _11\"></span>meglio <span class=\"_ _e\"></span>che, <span class=\"_ _11\"></span>nel <span class=\"_ _11\"></span>valutare <span class=\"_ _11\"></span>se <span class=\"_ _11\"></span>un </span></span>contratto \u00e8 oneroso,<span class=\"_ _1\"></span> i costi dire<span class=\"_ _1\"></span>ttamente corr<span class=\"_ _1\"></span>elati sono <span class=\"_ _1\"></span>costituiti da: \u2022 <span class=\"_ _10\"> </span><span class=\"ff22 fs7 fc0\">i costi incrementali nece<span class=\"_ _1\"></span>ssari all\u2019ademp<span class=\"_ _1\"></span>imento di tale c<span class=\"_ _1\"></span>o<span class=\"ff1f\">ntratto, ad esempio la man<span class=\"_ _1\"></span>odopera e le <span class=\"_ _1\"></span>materie </span></span>prime dirette;<span class=\"_ _1\"></span> \u2022 <span class=\"_ _10\"> </span><span class=\"ff22 fs7 fc0\">la <span class=\"_ _16\"> </span>r<span class=\"_ _3\"></span>ipartizione <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>altri <span class=\"_ _16\"> </span>costi <span class=\"_ _f\"> </span>direttamente <span class=\"_\"> </span>correlati <span class=\"_ _16\"> </span>all\u2019adempimento <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>contratto, <span class=\"_ _16\"> </span>ad <span class=\"_ _f\"> </span>esempio <span class=\"_ _16\"> </span>la </span>ripartizione della <span class=\"_ _3\"></span>quota di <span class=\"_ _3\"></span>ammortamento di <span class=\"_ _3\"></span>un elemento di<span class=\"_ _3\"></span> immobili, <span class=\"_ _3\"></span>impianti e <span class=\"_ _3\"></span>macchinari util<span class=\"_ _3\"></span>izzato per l\u2019adempimen<span class=\"_ _1\"></span>to di tale c<span class=\"_ _1\"></span>ontratto e di altri<span class=\"_ _1\"></span>.<span class=\"ff1f\"> </span><span class=\"ff24 fs7 fc0\">IFRS 9 Strumenti finanziari (Annual Improvem<span class=\"_ _1\"></span>ents 2018-2020):<span class=\"ff1f\"> <span class=\"ff22\">Lo IASB ha proposto una modifi<span class=\"_ _1\"></span>ca all\u2019IFRS<span class=\"_ _1\"></span> </span></span></span>9, chiarendo le<span class=\"_ _1\"></span> fees che<span class=\"_ _1\"></span> un\u2019entit\u00e0 inclu<span class=\"_ _1\"></span>de nel de<span class=\"_ _1\"></span>terminare se <span class=\"_ _1\"></span>le condizioni<span class=\"_ _1\"></span> di una n<span class=\"_ _1\"></span>uova o modi<span class=\"_ _1\"></span>fic<span class=\"ff1f\">ata passivit\u00e0 </span>finanziaria <span class=\"_ _12\"> </span>siano <span class=\"_ _12\"> </span>sostanzialmente <span class=\"_ _12\"> </span>differenti <span class=\"_ _12\"> </span>rispetto <span class=\"_ _12\"> </span>alle <span class=\"_\"> </span>condizion<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>della <span class=\"_\"> </span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _12\"> </span>finanziaria <span class=\"_ _12\"> </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 f<span class=\"_ _3\"></span>inanziato<span class=\"_ _1\"></span>re, incluse <span class=\"_ _3\"></span>le fees <span class=\"_ _3\"></span>pagate o percepite dal debito<span class=\"_ _1\"></span>re o dal finanzi<span class=\"_ _1\"></span>atore per con<span class=\"_ _1\"></span>to di altri. L\u2019a<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>zio<span class=\"_ _2\"></span>ne <span class=\"_\"> </span>di <span class=\"_\"> </span>tal<span class=\"_ _2\"></span>i <span class=\"_\"> </span>emend<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti <span class=\"_\"> </span>no<span class=\"_ _1\"></span>n <span class=\"_\"> </span>h<span class=\"_ _1\"></span>a <span class=\"_\"> </span>co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tato<span class=\"_ _2\"></span> <span class=\"_\"> </span>effet<span class=\"_ _2\"></span>ti <span class=\"_\"> </span>sull<span class=\"_ _1\"></span>a <span class=\"_\"> </span>pre<span class=\"_ _2\"></span>sente<span class=\"_ _1\"></span> <span class=\"_\"> </span>Rel<span class=\"_ _2\"></span>azio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span> <span class=\"_\"> </span>Fin<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>iaria<span class=\"_ _1\"></span> <span class=\"_\"> </span>Ann<span class=\"_ _1\"></span>ua<span class=\"_ _2\"></span>le con<span class=\"_ _2\"></span>solida<span class=\"_ _2\"></span>ta d<span class=\"_ _1\"></span>el <span class=\"_ _1\"></span>Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> Pr<span class=\"_ _1\"></span>inc<span class=\"_ _2\"></span>ipi <span class=\"_ _1d4\"> </span>co<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>li,<span class=\"_ _2\"></span> <span class=\"_ _1d5\"> </span>eme<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _1c\"> </span>ed<span class=\"_ _1\"></span> <span class=\"_ _1c\"> </span>int<span class=\"_ _1\"></span>erp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>ioni <span class=\"_ _1d5\"> </span>omolo<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>i <span class=\"_ _1c\"> </span>dal<span class=\"_ _2\"></span>l\u2019UE, <span class=\"_ _1d5\"> </span>non <span class=\"_ _1d5\"> </span>ancora<span class=\"_ _1\"></span> obb<span class=\"_ _1\"></span>lig<span class=\"_ _1\"></span>at<span class=\"_ _2\"></span>oria<span class=\"_ _1\"></span>ment<span class=\"_ _2\"></span>e app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>adot<span class=\"_ _1\"></span>tat<span class=\"_ _2\"></span>i <span class=\"ls50\">in</span> <span class=\"_ _2\"></span>via<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>anti<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>pat<span class=\"_ _2\"></span>a dal <span class=\"_ _1\"></span>Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o Di <span class=\"_ _e\"></span>seguito <span class=\"_ _11\"></span>si <span class=\"_ _11\"></span>elencano, <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>indi<span class=\"_ _3\"></span>cazione <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>data <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>decorrenza, <span class=\"_ _e\"></span>gli <span class=\"_ _11\"></span>emendament<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>om<span class=\"_ _3\"></span>ologati <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>non <span class=\"_ _11\"></span>adottati anticipatamente da<span class=\"_ _1\"></span>l Gruppo<span class=\"_ _1\"></span> e per i quali so<span class=\"_ _1\"></span>no in corso <span class=\"_ _1\"></span>le valutazioni <span class=\"_ _1\"></span>su eventual<span class=\"_ _1\"></span>i impatti:<span class=\"_ _3\"></span> <span class=\"ff24 fs7 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=\"_ _3\"></span><span class=\"ff1f\">. <span class=\"_ _3\"></span>Le modifiche </span></span>si applicheranno a p<span class=\"_ _1\"></span>artire dal 202<span class=\"_ _1\"></span>3.  <span class=\"ff24 fs7 fc0\">Emendamento IAS 8 - De<span class=\"_ _1\"></span>finition of Accoun<span class=\"_ _1\"></span>ting Estim<span class=\"_ _1\"></span>ates<span class=\"ff1f\">. Le modifiche si <span class=\"_ _1\"></span>applicheranno a p<span class=\"_ _1\"></span>artire dal 2023. </span></span><span class=\"ff24 fs7 fc0\">Emendamento <span class=\"_ _3\"></span>IAS <span class=\"_ _3\"></span>12 <span class=\"_ _e\"></span>- <span class=\"_ _e\"></span>Deferred Tax <span class=\"_ _e\"></span>related <span class=\"_ _3\"></span>to <span class=\"_ _e\"></span>Asse<span class=\"_ _1\"></span>ts <span class=\"_ _3\"></span>and <span class=\"_ _e\"></span>Liabilities <span class=\"_ _3\"></span>arising f<span class=\"_ _3\"></span>rom <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Single <span class=\"_ _3\"></span>Transaction<span class=\"_ _3\"></span><span class=\"ff1f\">. <span class=\"_ _3\"></span>Le </span></span>modifiche si app<span class=\"_ _1\"></span>licano dal 1\u00b0<span class=\"_ _2\"></span> genna<span class=\"_ _3\"></span>io 2023 Pr<span class=\"_ _1\"></span>inc<span class=\"_ _2\"></span>ipi co<span class=\"_ _2\"></span>ntabi<span class=\"_ _1\"></span>li,<span class=\"_ _2\"></span> emend<span class=\"_ _1\"></span>ame<span class=\"_ _2\"></span>nti e<span class=\"_ _2\"></span>d inte<span class=\"_ _2\"></span>rpret<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ioni<span class=\"_ _1\"></span> n<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>omo<span class=\"_ _2\"></span>logat<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _1\"></span>UE e<span class=\"_ _2\"></span>d app<span class=\"_ _1\"></span>lic<span class=\"_ _2\"></span>abili<span class=\"_ _1\"></span> dag<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span>ser<span class=\"_ _2\"></span>cizi c<span class=\"_ _2\"></span>he in<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>iano<span class=\"_ _2\"></span> dopo<span class=\"_ _1\"></span> il<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>\u00b0 <span class=\"_ _1\"></span>gen<span class=\"_ _1\"></span>nai<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>20<span class=\"_ _1\"></span>23 Di segui<span class=\"_ _1\"></span>to si <span class=\"_ _2\"></span>elencano, con <span class=\"_ _2\"></span>indicazione della <span class=\"_ _2\"></span>data di de<span class=\"_ _1\"></span>correnza, <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>emendame<span class=\"_ _1\"></span>nti <span class=\"_ _1\"></span>non ancor<span class=\"_ _1\"></span>a o<span class=\"_ _1\"></span>mologati <span class=\"_ _1\"></span>e non adottati anticipa<span class=\"_ _1\"></span>tamente dal<span class=\"_ _1\"></span> Gruppo e per i qu<span class=\"_ _1\"></span>ali sono in corso l<span class=\"_ _1\"></span>e valutazioni <span class=\"_ _1\"></span>su eventua<span class=\"_ _1\"></span>li impatti: Emendamento <span class=\"_ _12\"> </span>allo <span class=\"_ _12\"> </span>IAS <span class=\"_ _12\"> </span>1 <span class=\"_\"> </span><span class=\"ff25\">\u2013</span> <span class=\"_ _12\"> </span>Classif<span class=\"_ _1\"></span>ication <span class=\"_ _12\"> </span>of <span class=\"_ _12\"> </span>liabilities <span class=\"_ _12\"> </span>as <span class=\"_ _12\"> </span>current <span class=\"_ _12\"> </span>or <span class=\"_\"> </span>no<span class=\"_ _2\"></span>n <span class=\"_\"> </span>current: <span class=\"_ _12\"> </span>L\u2019applicazione <span class=\"_ _12\"> </span>delle modifiche origin<span class=\"_ _1\"></span>ariamente prev<span class=\"_ _1\"></span>ista a partire d<span class=\"_ _1\"></span>al 2022, \u00e8 st<span class=\"_ _1\"></span>ata posticipata <span class=\"_ _1\"></span>al 2024. <span class=\"ff24 fs7 fc0\">Emendamento allo IAS 1 <span class=\"_ _3\"></span><span class=\"ff25\">\u2013</span> Non-current Liabilities with Covenants<span class=\"ff1f\">: Le modifiche si applicano dal 1\u00b0 gennaio </span></span>2024. <span class=\"ff24 fs7 fc0\">Emendamento <span class=\"_ _2\"></span>all'IFRS <span class=\"_ _2\"></span>16 <span class=\"_ _1\"></span><span class=\"ff25\">\u2013<span class=\"ff24\"> <span class=\"_ _2\"></span>Lease L<span class=\"_ _2\"></span>iability <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>a S<span class=\"_ _2\"></span>al<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>and <span class=\"_ _2\"></span>Leaseback<span class=\"ff1f\">. L<span class=\"_ _2\"></span>e modi<span class=\"_ _1\"></span>fiche <span class=\"_ _2\"></span>si <span class=\"_ _1\"></span>applican<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>dal 1\u00b0<span class=\"_ _2\"></span> genna<span class=\"_ _2\"></span>io </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=\"_ _1\"></span>ica<span class=\"_ _1\"></span>vi <span class=\"_ _2\"></span>netti Nella <span class=\"_ _2\"></span>segue<span class=\"_ _1\"></span>nte <span class=\"_ _2\"></span>tabel<span class=\"_ _1\"></span>la <span class=\"_ _2\"></span>viene<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>data <span class=\"_ _0\"></span>evidenza <span class=\"_ _2\"></span>dei <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _0\"></span>operativi <span class=\"_ _2\"></span>lordi, <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>gli <span class=\"_ _2\"></span>scon<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>di <span class=\"_ _0\"></span>agenzia <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>ricav<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>operativi netti: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ione<span class=\"_ _1d6\"> </span><span class=\"ls52\">2022<span class=\"_ _1f\"> </span>2021</span>Ri<span class=\"_ _2\"></span>cavi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>perati<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>i<span class=\"_ _1d7\"> </span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>7<span class=\"_ _af\"> </span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>9S<span class=\"_ _1\"></span>con<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> agen<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _1d8\"> </span>(6<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _28\"> </span>(66<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>)Rica<span class=\"_ _1\"></span>vi o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>i ne<span class=\"_ _e\"></span>tti<span class=\"_ _9d\"> </span>1<span class=\"_ _3\"></span>.0<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0<span class=\"_ _164\"> </span>1<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>70<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7I ricavi sono realizzati prevalentemente <span class=\"ls2\">in</span> Italia e Spagna. Per <span class=\"ls16\">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=\"_ _1\"></span>cessiva <span class=\"_ _1\"></span>Nota 14. La<span class=\"ls0\"> composizione de<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> ricavi <span class=\"_ _1\"></span>operativi lordi \u00e8 <span class=\"_ _1\"></span>esposta nel<span class=\"_ _1\"></span> prospetto che s<span class=\"_ _2\"></span>egue:<span class=\"_ _2\"></span> </span>De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _1d9\"> </span><span class=\"ls53\">2022<span class=\"_ _1da\"> </span>2021</span>P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0 su reti<span class=\"_ _2\"></span> tel<span class=\"_ _2\"></span>ev<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>ve<span class=\"_ _4c\"> </span>15<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>0<span class=\"_ _1da\"> </span>15<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>8P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0 su stam<span class=\"_ _2\"></span>pa,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ternet ed even<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sp<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _a2\"> </span>40<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _93\"> </span>4<span class=\"_ _2\"></span>13<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>9Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> ri<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>er a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _37\"> </span>3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _bc\"> </span>3,<span class=\"_ _2\"></span>6Vend<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta pu<span class=\"_ _2\"></span>bb<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>bb<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _128\"> </span>4<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>2<span class=\"_ _93\"> </span>4<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,5IVA a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>a dal<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>\u2019ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>re<span class=\"_ _1a8\"> </span><span class=\"ff1f\">(3,<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _26\"> </span>(3,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)</span>Ri<span class=\"_ _2\"></span>cavi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>ers<span class=\"_ _3\"></span>i<span class=\"_ _1db\"> </span>1<span class=\"_ _2\"></span>42<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _1da\"> </span>11<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>6Totale<span class=\"_ _e\"></span> r<span class=\"_ _2\"></span>ic<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>vi o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tiv<span class=\"_ _3\"></span>i lord<span class=\"_ _2\"></span>i<span class=\"_ _c7\"> </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>,7<span class=\"_ _e7\"> </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=\"_ _16\"> </span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _f\"> </span>operativi <span class=\"_ _16\"> </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=\"ff22\">milioni <span class=\"_ _f\"> </span>presentano, <span class=\"_ _16\"> </span>rispetto <span class=\"_ _f\"> </span>all\u2019esercizio <span class=\"_ _16\"> </span>precede</span>nte, <span class=\"_\"> </span>un<span class=\"_ _1\"></span> decremento <span class=\"_\"> </span>di <span class=\"_\"> </span>Euro<span class=\"_ _1\"></span> <span class=\"_\"> </span><span class=\"ls54\">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>pubblicitar<span class=\"_ _1\"></span>i <span class=\"_ _4\"> </span>e <span class=\"_ _4\"> </span>da <span class=\"_ _f\"> </span>vendita <span class=\"_ _4\"> </span>di <span class=\"_ _4\"> </span>pubblicazioni (principalmente <span class=\"_ _16\"> </span>attribuibile <span class=\"_ _f\"> </span>al <span class=\"_ _4\"> </span>calo <span class=\"_ _f\"> </span>delle <span class=\"_ _4\"> </span>diffusioni<span class=\"_ _1\"></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=\"_ _1\"></span>nte compensato dal<span class=\"_ _1\"></span>la crescita dei ric<span class=\"_ _1\"></span>avi diversi anche per <span class=\"_ _1\"></span>il buon andament<span class=\"_ _1\"></span>o degli eventi <span class=\"_ _1\"></span>sportivi. Come meglio des<span class=\"_ _1\"></span>critto nell<span class=\"_ _1\"></span>a Relazione degl<span class=\"_ _1\"></span>i amminis<span class=\"_ _1\"></span>tratori sulla gestione, n<span class=\"_ _1\"></span>el corso <span class=\"ff22\">de<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>\u2019es<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>o:<span class=\"_ _2\"></span><span class=\"ff1f\"> </span></span><span class=\"ff1f fs7 fc0\">i <span class=\"_ _1\"></span>ricavi <span class=\"_ _2\"></span>diffu<span class=\"_ _1\"></span>sionali <span class=\"_ _2\"></span>(inclusa <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>quota <span class=\"_ _2\"></span>abbona<span class=\"_ _1\"></span>menti) <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>pari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>427,2 <span class=\"_ _2\"></span>milioni, <span class=\"_ _2\"></span>riconducibili <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>355,9<span class=\"_ _1\"></span> </span>milioni al Gruppo R<span class=\"_ _1\"></span>CS e p<span class=\"_ _1\"></span>er Euro 71,1 milion<span class=\"_ _1\"></span>i ai periodici di C<span class=\"_ _1\"></span>airo Editore<span class=\"_ _1\"></span>; <span class=\"ff1f fs7 fc0\">la <span class=\"_ _e\"></span>raccolta <span class=\"_ _e\"></span>pubblicitaria <span class=\"_ _e\"></span>lorda <span class=\"_ _e\"></span>relativa <span class=\"_ _e\"></span>alle <span class=\"_ _3\"></span>testate <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Gruppo, <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>siti <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>agli <span class=\"_ _e\"></span>eventi <span class=\"_ _e\"></span>sportivi <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>stata<span class=\"_ _1\"></span> </span>pari <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>398,1 mili<span class=\"_ _3\"></span>oni, <span class=\"_ _3\"></span>riconducibi<span class=\"_ _1\"></span>le <span class=\"_ _e\"></span>preva<span class=\"_ _1\"></span>lentemente <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>Gruppo <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>(Euro <span class=\"_ _e\"></span>383 <span class=\"_ _e\"></span>milioni) <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>alle <span class=\"_ _3\"></span>testate <span class=\"_ _3\"></span>di Cairo Editore (Eu<span class=\"_ _1\"></span>ro 12,5 milioni); <span class=\"ff1f fs7 fc0\">la <span class=\"_ _e\"></span>raccolta <span class=\"_ _e\"></span>pubblicitaria <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>orda <span class=\"_ _e\"></span>sui <span class=\"_ _3\"></span>canali <span class=\"_ _e\"></span>La7 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>La7d <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>stata <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>complessivi<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>circa <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>150 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>(Euro </span>155,5 m<span class=\"_ _1\"></span>ilioni <span class=\"_ _2\"></span>nel<span class=\"_ _3\"></span> 20<span class=\"_ _2\"></span>2<span class=\"_ _3\"></span>1), <span class=\"_ _1\"></span>mentre <span class=\"_ _2\"></span>il<span class=\"_ _3\"></span> co<span class=\"_ _1\"></span>ntributo <span class=\"_ _2\"></span>del canale <span class=\"_ _1\"></span><span class=\"ff24\">Caccia<span class=\"ff1f\"> <span class=\"_ _1\"></span><span class=\"ls4\">e <span class=\"_ _1\"></span><span class=\"ff24 ls0\">Pesca<span class=\"ff1f\"> <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>RCS \u00e8 <span class=\"_ _2\"></span>stat<span class=\"_ _3\"></span>o pa<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>i a <span class=\"_ _2\"></span>Euro 0,4 <span class=\"_ _2\"></span>milioni; </span></span></span></span></span><span class=\"ff1f fs7 fc0\">al netto degli <span class=\"_ _1\"></span>sconti d<span class=\"_ _1\"></span>i agenzia <span class=\"_ _1\"></span>pari a <span class=\"_ _1\"></span>Euro 62,7 m<span class=\"_ _1\"></span>ilioni, <span class=\"_ _1\"></span>i ricavi pu<span class=\"_ _2\"></span>bblicitari netti s<span class=\"_ _1\"></span>ono stati p<span class=\"_ _1\"></span>ari ad <span class=\"_ _1\"></span>Euro 493,9 </span>milioni, ricondu<span class=\"_ _1\"></span>cibili al Gruppo R<span class=\"_ _1\"></span>CS per Euro <span class=\"_ _1\"></span>345,4 milioni. I <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _e\"></span>diversi <span class=\"_ _3\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>142,9 <span class=\"_ _e\"></span>milioni, <span class=\"_ _e\"></span>includono <span class=\"_ _3\"></span>principalmente <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>ricavi <span class=\"_ _3\"></span>realizzati <span class=\"_ _e\"></span>tramite <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ultiplex <span class=\"_ _3\"></span>di propriet\u00e0 <span class=\"_ _e\"></span>della <span class=\"_ _11\"></span>controllata <span class=\"_ _e\"></span>Unidad <span class=\"_ _11\"></span>Editorial <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>due <span class=\"_ _11\"></span>canali <span class=\"_ _e\"></span>televisivi, <span class=\"_ _11\"></span>i <span class=\"_ _11\"></span>ricavi <span class=\"_ _e\"></span>derivanti <span class=\"_ _11\"></span>dagli <span class=\"_ _11\"></span>eventi <span class=\"_ _e\"></span>sportivi, dalle attivit\u00e0 di d<span class=\"_ _1\"></span>istribuzion<span class=\"_ _1\"></span>e e di <span class=\"ff24\">direct marketing </span>e al<span class=\"_ _1\"></span>tri ricavi di n<span class=\"_ _1\"></span>atura operat<span class=\"_ _1\"></span>iva. 2022E<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>a Co<span class=\"_ _2\"></span>nces<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iona<span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>eE<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>a <span class=\"_ _2\"></span>tel<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a RCSI<span class=\"_ _2\"></span>nf<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>e no<span class=\"_ _2\"></span>n T<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le(V<span class=\"_ _0\"></span>alori<span class=\"_ _2\"></span> i<span class=\"_ _1\"></span>n m<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>E<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>ro)p<span class=\"_ _2\"></span>eri<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i L<span class=\"_ _2\"></span>a7 e op<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>ore d<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>oca<span class=\"_ _1\"></span>teCa<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ro <span class=\"_ _1\"></span>E<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>rere<span class=\"_ _3\"></span>teRicav<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>i net<span class=\"_ _1\"></span>ti<span class=\"_ _b5\"> </span>79<span class=\"_ _3\"></span>,5<span class=\"_ _213\"> </span>3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _68\"> </span>11<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,8<span class=\"_ _a9\"> </span>8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,0<span class=\"_ _1a\"> </span>(3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,9)<span class=\"_ _18\"> </span>1<span class=\"_ _3\"></span>.06<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0V<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> r<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _214\"> </span>0<span class=\"_ _1\"></span>,0<span class=\"_ _7b\"> </span><span class=\"fc0\">-<span class=\"_ _f0\"> </span>-<span class=\"_ _15c\"> </span></span>2,<span class=\"_ _1\"></span>4<span class=\"_ _52\"> </span><span class=\"fc0\">-<span class=\"_ _110\"> </span></span>2<span class=\"_ _1\"></span>,4A<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tri<span class=\"_ _2\"></span> p<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _215\"> </span>7<span class=\"_ _1\"></span>,9<span class=\"_ _187\"> </span>6,2<span class=\"_ _1a4\"> </span>4<span class=\"_ _2\"></span>,6<span class=\"_ _15e\"> </span>3<span class=\"_ _2\"></span>6,0<span class=\"_ _6b\"> </span>(<span class=\"_ _2\"></span>5,6<span class=\"_ _2\"></span>)<span class=\"_ _a9\"> </span>49<span class=\"_ _1\"></span>,2T<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le<span class=\"_ _3\"></span> ric<span class=\"_ _3\"></span>av<span class=\"_ _0\"></span>i<span class=\"_ _216\"> </span>8<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,5<span class=\"_ _213\"> </span>35<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,8<span class=\"_ _68\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _a9\"> </span>8<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,4<span class=\"_ _1a\"> </span>(33<span class=\"_ _3\"></span>0<span class=\"_ _e\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _18\"> </span>1.1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,7C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> dell<span class=\"_ _2\"></span>a p<span class=\"_ _3\"></span>rod<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _11e\"> </span>(66<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>)<span class=\"_ _8d\"> </span>(3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>7,5<span class=\"_ _2\"></span>)<span class=\"_ _154\"> </span>(66<span class=\"_ _2\"></span>,5<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(5<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>0,6<span class=\"_ _2\"></span>)<span class=\"_ _10e\"> </span>3<span class=\"_ _2\"></span>30<span class=\"_ _1\"></span>,7<span class=\"_ _217\"> </span>(6<span class=\"_ _2\"></span>40<span class=\"_ _2\"></span>,6<span class=\"_ _1\"></span>)C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> pers<span class=\"_ _e\"></span>on<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _218\"> </span>(1<span class=\"_ _2\"></span>6,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span>(2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,5)<span class=\"_ _159\"> </span>(3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(2<span class=\"_ _2\"></span>38<span class=\"_ _2\"></span>,6<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _219\"> </span>(3<span class=\"_ _2\"></span>15<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>)Pr<span class=\"_ _1\"></span>ov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> (<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) no<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>co<span class=\"_ _3\"></span>rrent<span class=\"_ _3\"></span>i<span class=\"_ _21a\"> </span><span class=\"fc0\">-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _160\"> </span></span>(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _52\"> </span><span class=\"fc0\">-<span class=\"_ _14c\"> </span></span>(1<span class=\"_ _2\"></span>2,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ine op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> l<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>o<span class=\"_ _1c4\"> </span>4<span class=\"_ _3\"></span>,4<span class=\"_ _21b\"> </span>4<span class=\"_ _3\"></span>,8<span class=\"_ _81\"> </span>15<span class=\"_ _3\"></span>,6<span class=\"_ _a9\"> </span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _1b\"> </span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1A<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ort<span class=\"_ _3\"></span>am<span class=\"_ _2\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i,<span class=\"_ _1\"></span> acc.t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e s<span class=\"_ _e\"></span>va<span class=\"_ _3\"></span>luta<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _21c\"> </span>(2<span class=\"_ _2\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _84\"> </span>(2,<span class=\"_ _2\"></span>2)<span class=\"_ _154\"> </span>(1<span class=\"_ _2\"></span>6,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _dd\"> </span>(57<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _15f\"> </span>0<span class=\"_ _1\"></span>,0<span class=\"_ _1a\"> </span>(<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>o<span class=\"_ _21d\"> </span>1<span class=\"_ _3\"></span>,9<span class=\"_ _21b\"> </span>2,6<span class=\"_ _6f\"> </span>(<span class=\"_ _1\"></span>0,4<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>6<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,0<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _21e\"> </span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,3A<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tri<span class=\"_ _2\"></span> p<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> (<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) da at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _3\"></span>/p<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0 fi<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _165\"> </span><span class=\"fc0\">-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _6b\"> </span></span>(4,<span class=\"_ _2\"></span>1)<span class=\"_ _52\"> </span><span class=\"fc0\">-<span class=\"_ _21e\"> </span></span>(4<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)G<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span>e fi<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _e\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _2\"></span>a<span class=\"_ _21f\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _84\"> </span>(0,<span class=\"_ _2\"></span>3)<span class=\"_ _81\"> </span>(0<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span>(8<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _15d\"> </span>(<span class=\"_ _2\"></span>0,0<span class=\"_ _2\"></span>)<span class=\"_ _21e\"> </span>(8<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ell<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> im<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>os<span class=\"_ _3\"></span>te<span class=\"_ _1f5\"> </span>1<span class=\"_ _3\"></span>,8<span class=\"_ _21b\"> </span>2<span class=\"_ _3\"></span>,3<span class=\"_ _6f\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,0<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _21e\"> </span>56<span class=\"_ _3\"></span>,4Im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _e\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>e s<span class=\"_ _e\"></span>u<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> red<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _1b3\"> </span>0,<span class=\"_ _2\"></span>9<span class=\"_ _67\"> </span>(1<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _81\"> </span>(0<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _220\"> </span>(4<span class=\"_ _2\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span>(0<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _21e\"> </span>(4<span class=\"_ _1\"></span>,7<span class=\"_ _2\"></span>)Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> nett<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _2\"></span>eri<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _221\"> </span>2<span class=\"_ _3\"></span>,8<span class=\"_ _21b\"> </span>1,2<span class=\"_ _6f\"> </span>(<span class=\"_ _1\"></span>0,8<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,5<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _21e\"> </span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,7Di cui d<span class=\"_ _2\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rti<span class=\"_ _3\"></span>nenza<span class=\"_ _1\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> terzi<span class=\"_ _222\"> </span><span class=\"fc0\">-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _21e\"> </span></span>(19<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _6b\"> </span><span class=\"ff1f\">(0,<span class=\"_ _2\"></span>0)<span class=\"_ _223\"> </span><span class=\"ff21\">(19<span class=\"_ _3\"></span>,6)</span></span>2021E<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>a Co<span class=\"_ _2\"></span>nces<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iona<span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>eE<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>a <span class=\"_ _2\"></span>tel<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a RCSI<span class=\"_ _2\"></span>nf<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>e no<span class=\"_ _2\"></span>n T<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le(V<span class=\"_ _0\"></span>alori<span class=\"_ _2\"></span> i<span class=\"_ _1\"></span>n m<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>E<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>ro)p<span class=\"_ _2\"></span>eri<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i L<span class=\"_ _2\"></span>a7 e op<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>ore d<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>oca<span class=\"_ _1\"></span>teCa<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ro <span class=\"_ _1\"></span>E<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>rere<span class=\"_ _3\"></span>teRicav<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>i net<span class=\"_ _1\"></span>ti<span class=\"_ _b5\"> </span><span class=\"fc1\">84<span class=\"_ _3\"></span>,2<span class=\"_ _213\"> </span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,8<span class=\"_ _68\"> </span>11<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,3<span class=\"_ _a9\"> </span>8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,2<span class=\"_ _1a\"> </span>(3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,8)<span class=\"_ _18\"> </span>1<span class=\"_ _3\"></span>.07<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,7</span>V<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> r<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _178\"> </span><span class=\"fc1\">-<span class=\"_ _7b\"> </span></span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _15c\"> </span><span class=\"fc1\">0,4<span class=\"_ _203\"> </span></span>-<span class=\"_ _110\"> </span><span class=\"fc1\">0,4</span>A<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tri<span class=\"_ _2\"></span> p<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _215\"> </span>4<span class=\"_ _1\"></span>,2<span class=\"_ _187\"> </span>4,1<span class=\"_ _1a4\"> </span>2<span class=\"_ _2\"></span>,8<span class=\"_ _15e\"> </span>3<span class=\"_ _2\"></span>3,0<span class=\"_ _6b\"> </span><span class=\"fc0\">(<span class=\"_ _2\"></span>4,9<span class=\"_ _2\"></span>)<span class=\"_ _a9\"> </span><span class=\"fc1\">39<span class=\"_ _1\"></span>,1</span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le<span class=\"_ _3\"></span> ric<span class=\"_ _3\"></span>av<span class=\"_ _0\"></span>i<span class=\"_ _216\"> </span><span class=\"fc1\">8<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,4<span class=\"_ _213\"> </span>37<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,9<span class=\"_ _68\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2<span class=\"_ _a9\"> </span>8<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _1a\"> </span>(34<span class=\"_ _3\"></span>6<span class=\"_ _e\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _18\"> </span>1.1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,3</span>C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> dell<span class=\"_ _2\"></span>a p<span class=\"_ _3\"></span>rod<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _11e\"> </span><span class=\"fc1\">(61<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>)<span class=\"_ _8d\"> </span>(3<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>6,6<span class=\"_ _2\"></span>)<span class=\"_ _154\"> </span>(61<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>2,4<span class=\"_ _2\"></span>)<span class=\"_ _10e\"> </span>3<span class=\"_ _2\"></span>47<span class=\"_ _1\"></span>,0<span class=\"_ _217\"> </span>(6<span class=\"_ _2\"></span>05<span class=\"_ _2\"></span>,5<span class=\"_ _1\"></span>)</span>C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> pers<span class=\"_ _e\"></span>on<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _218\"> </span><span class=\"fc1\">(1<span class=\"_ _2\"></span>7,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span>(2<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,4)<span class=\"_ _159\"> </span>(3<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(2<span class=\"_ _2\"></span>41<span class=\"_ _2\"></span>,8<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _219\"> </span>(3<span class=\"_ _2\"></span>21<span class=\"_ _2\"></span>,6<span class=\"_ _1\"></span>)</span>Pr<span class=\"_ _1\"></span>ov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> (<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) no<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>co<span class=\"_ _3\"></span>rrent<span class=\"_ _3\"></span>i<span class=\"_ _21a\"> </span>-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _6b\"> </span><span class=\"fc1\">(3<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)<span class=\"_ _52\"> </span><span class=\"fc0\">-<span class=\"_ _21e\"> </span></span>(3,<span class=\"_ _2\"></span>8)</span>M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ine op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> l<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>o<span class=\"_ _1c4\"> </span><span class=\"fc1\">9<span class=\"_ _3\"></span>,2<span class=\"_ _21b\"> </span>2<span class=\"_ _3\"></span>,9<span class=\"_ _81\"> </span>15<span class=\"_ _3\"></span>,5<span class=\"_ _a9\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,5<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1b\"> </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=\"_ _2\"></span>m<span class=\"_ _2\"></span>ort<span class=\"_ _3\"></span>am<span class=\"_ _2\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i,<span class=\"_ _1\"></span> acc.t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e s<span class=\"_ _e\"></span>va<span class=\"_ _3\"></span>luta<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _21c\"> </span><span class=\"fc1\">(1<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>)<span class=\"_ _84\"> </span>(2,<span class=\"_ _2\"></span>1)<span class=\"_ _154\"> </span>(1<span class=\"_ _2\"></span>6,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _dd\"> </span>(56<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _68\"> </span>-<span class=\"_ _1a\"> </span>(7<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>2)</span>Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>o<span class=\"_ _21d\"> </span><span class=\"fc1\">7<span class=\"_ _3\"></span>,4<span class=\"_ _21b\"> </span>0,8<span class=\"_ _6f\"> </span>(<span class=\"_ _1\"></span>0,7<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1b\"> </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=\"_ _1\"></span>tri<span class=\"_ _2\"></span> p<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> (<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) da at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _3\"></span>/p<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0 fi<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _165\"> </span>-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _15c\"> </span><span class=\"fc1\">4,<span class=\"_ _1\"></span>6<span class=\"_ _203\"> </span><span class=\"fc0\">-<span class=\"_ _6b\"> </span></span>4<span class=\"_ _2\"></span>,6</span>G<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span>e fi<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _e\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _2\"></span>a<span class=\"_ _10f\"> </span><span class=\"fc1\">-<span class=\"_ _67\"> </span>(0<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>)<span class=\"_ _8c\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _160\"> </span>(1<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>6)<span class=\"_ _52\"> </span>-<span class=\"_ _1a\"> </span>(1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)</span>Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ell<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> im<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>os<span class=\"_ _3\"></span>te<span class=\"_ _1f5\"> </span><span class=\"fc1\">7<span class=\"_ _3\"></span>,3<span class=\"_ _21b\"> </span>0<span class=\"_ _3\"></span>,4<span class=\"_ _6f\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>8<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _21e\"> </span>96<span class=\"_ _3\"></span>,8</span>Im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _e\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>e s<span class=\"_ _e\"></span>u<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> red<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _224\"> </span><span class=\"fc1\">(0<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>)<span class=\"_ _84\"> </span>(0,<span class=\"_ _2\"></span>5)<span class=\"_ _1a4\"> </span>2,<span class=\"_ _2\"></span>7<span class=\"_ _160\"> </span>(1<span class=\"_ _2\"></span>8,0<span class=\"_ _2\"></span>)<span class=\"_ _220\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _1a\"> </span>(1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,8)</span>Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> nett<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _2\"></span>eri<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _221\"> </span><span class=\"fc1\">6<span class=\"_ _3\"></span>,4<span class=\"_ _1a4\"> </span>(0,1)<span class=\"_ _10a\"> </span>1,9<span class=\"_ _6b\"> </span>7<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,6<span class=\"_ _53\"> </span>0,1<span class=\"_ _21e\"> </span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,9</span>Di cui d<span class=\"_ _2\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rti<span class=\"_ _3\"></span>nenza<span class=\"_ _1\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> terzi<span class=\"_ _222\"> </span>-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _110\"> </span><span class=\"fc1\">2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,9<span class=\"_ _28\"> </span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,9</span>Il<span class=\"ls0\"> manage<span class=\"_ _1\"></span>ment <span class=\"_ _2\"></span>monitora i <span class=\"_ _2\"></span>risultati op<span class=\"_ _2\"></span>erativi delle <span class=\"_ _2\"></span><span class=\"ff24\">business un<span class=\"_ _1\"></span>its <span class=\"ff1f\">s<span class=\"_ _1\"></span>eparatament<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>fine <span class=\"_ _2\"></span>di definire <span class=\"_ _e\"></span><span class=\"ff22\">l\u2019allocazione</span> </span></span></span>delle <span class=\"_ _7\"></span>risorse <span class=\"_ _a\"> </span>e <span class=\"_ _7\"></span><span class=\"ls2\">la</span> <span class=\"_ _a\"></span>va<span class=\"_ _1\"></span>lutazione <span class=\"_ _7\"></span>dei <span class=\"_ _a\"></span>risul<span class=\"_ _1\"></span>tati. <span class=\"_ _a\"></span>I <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>ezzi <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _a\"></span>trasferi<span class=\"_ _1\"></span>mento 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=\"_ _1\"></span>ni di merca<span class=\"_ _1\"></span>to applicabili ne<span class=\"_ _1\"></span>lle trans<span class=\"_ _1\"></span>azioni con terzi. I <span class=\"_ _6\"></span>dati <span class=\"_ _6\"></span>patrimoniali <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>settore, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>particolare <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>totale <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>ciascun <span class=\"_ _7\"></span>settore<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>ogge<span class=\"_ _1\"></span>tto <span class=\"_ _7\"></span>di informativa, <span class=\"_ _11\"></span>non <span class=\"_ _11\"></span>costituiscono <span class=\"_ _6\"></span>invece <span class=\"_ _11\"></span>valori <span class=\"_ _6\"></span>forniti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>periodicam<span class=\"_ _1\"></span>ente <span class=\"_ _11\"></span><span class=\"ls4\">al</span> <span class=\"_ _6\"></span>p<span class=\"_ _1\"></span>i\u00f9<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>alto <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>ivello <span class=\"_ _e\"></span>decision<span class=\"_ _1\"></span>ale <span class=\"_ _e\"></span>opera<span class=\"_ _1\"></span>tivo. Tale <span class=\"_ _2\"></span>dettaglio <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>viene <span class=\"_ _2\"></span>quindi <span class=\"_ _2\"></span>fornito <span class=\"_ _2\"></span>nelle <span class=\"_ _2\"></span>presenti <span class=\"_ _2\"></span><span class=\"ff22\">no<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>plicativ<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>accordo <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>l\u2019emendamento <span class=\"_ _2\"></span>dell\u2019IFRS </span>8 - Settori operat<span class=\"_ _1\"></span>ivi. ",
   "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=\"_ _2\"></span>Altri<span class=\"_ _1\"></span> ri<span class=\"_ _1\"></span>ca<span class=\"_ _2\"></span>vi e <span class=\"_ _1\"></span>pro<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>nti Gli <span class=\"_ _a\"></span>\u201ca<span class=\"_ _1\"></span>ltri<span class=\"ff1f\"> <span class=\"_ _7\"></span>ri<span class=\"_ _3\"></span>cavi <span class=\"_ _7\"></span>e <span class=\"_ _a\"></span></span>provent<span class=\"_ _1\"></span>i\u201d <span class=\"_ _7\"></span>sono <span class=\"_ _a\"> </span>pari <span class=\"_ _7\"></span>a <span class=\"_ _a\"> </span>Euro <span class=\"_ _7\"></span>50,4 <span class=\"_ _7\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _7\"></span>(Euro <span class=\"_ _a\"> </span>39,1 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>nel <span class=\"_ _a\"> </span>2021), di cui Euro 35,6 milioni <span class=\"_ _e\"></span>riconducibili <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>RCS <span class=\"_ _e\"></span>(Euro <span class=\"_ _e\"></span>31,3 <span class=\"_ _e\"></span>milioni <span class=\"_ _11\"></span>nel <span class=\"_ _e\"></span>2021), <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>includono <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _3\"></span><span class=\"ls6\">da<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>macero <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>vendita carta, addebiti di cos<span class=\"_ _1\"></span>ti tecnici pubblici<span class=\"_ _1\"></span>tari, affitti attivi, sopravvenienze <span class=\"_ _3\"></span>attive, <span class=\"_ _3\"></span>provent<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>contributi <span class=\"_ _3\"></span>ricevuti e altre voci di r<span class=\"_ _1\"></span>icavo divers<span class=\"_ _1\"></span>i da quelli ope<span class=\"_ _1\"></span>rativi. La <span class=\"_ _2\"></span>variazione <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>voce <span class=\"_ _2\"></span>\u201ca<span class=\"_ _1\"></span>ltri <span class=\"_ _2\"></span>ric<span class=\"ff1f\">a</span>vi <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>proventi\u201d <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>riconducibil<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>16,4 <span class=\"_ _2\"></span>milio<span class=\"_ _1\"></span>ni <span class=\"_ _2\"></span>ai <span class=\"_ _2\"></span>proventi <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>contribut<span class=\"_ _1\"></span>i che <span class=\"_ _6\"></span>comprendono <span class=\"_ _11\"></span>principalmente <span class=\"_ _11\"></span>a)<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>contributo <span class=\"_ _6\"></span>cart<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>sull\u2019acquisto <span class=\"_ _11\"></span>e <span class=\"_ _6\"> </span>consumo <span class=\"_ _6\"></span>carta <span class=\"_ _6\"></span>agevolato <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>l\u2019anno 2021, <span class=\"_\"> </span>ai <span class=\"_\"> </span>sensi <span class=\"_\"> </span>di <span class=\"_\"> </span>quanto <span class=\"_ _12\"> </span>previsto <span class=\"_\"> </span>dall\u2019art. <span class=\"_\"> </span>188 <span class=\"_\"> </span>del <span class=\"_\"> </span>Decreto-legge <span class=\"_\"> </span>del <span class=\"_\"> </span>19/05/2020 <span class=\"_ _12\"> </span>n. <span class=\"_\"> </span>34 <span class=\"_\"> </span>convertito <span class=\"_\"> </span>con modificazioni <span class=\"_ _a\"> </span>dalla <span class=\"_ _12\"> </span>Legge <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>17/07/2020 <span class=\"_ _a\"> </span>n. <span class=\"_ _12\"> </span>77), <span class=\"_ _12\"> </span>dall\u2019art. <span class=\"_ _a\"> </span>1 <span class=\"_ _12\"> </span>commi <span class=\"_ _12\"> </span>378-379 <span class=\"_ _12\"> </span>Legge <span class=\"_ _12\"> </span>n. <span class=\"_ _12\"> </span>234/2021 <span class=\"_ _a\"> </span>(legge finanziaria <span class=\"_ _11\"></span>2022), <span class=\"_ _e\"></span>dall\u2019art. <span class=\"_ _11\"></span>4, <span class=\"_ _11\"></span>comm<span class=\"_ _3\"></span><span class=\"ff1f\">i <span class=\"_ _11\"></span>da <span class=\"_ _11\"></span>182 <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>186 <span class=\"_ _6\"></span>della <span class=\"_ _e\"></span>legge<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>24 <span class=\"_ _11\"></span>dicembre <span class=\"_ _11\"></span>2003, <span class=\"_ _e\"></span>n. <span class=\"_ _6\"></span>350 <span class=\"_ _11\"></span>(legge <span class=\"_ _11\"></span>finanziaria </span>2004), <span class=\"_ _11\"></span>visti <span class=\"_ _11\"></span>il <span class=\"_ _6\"></span>DPCM <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>21.12.2004 <span class=\"_ _e\"></span>n. <span class=\"_ _6\"></span>318 <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>l\u2019art. <span class=\"_ _6\"></span>67, <span class=\"_ _11\"></span>commi <span class=\"_ _11\"></span>9<span class=\"_ _3\"></span><span class=\"ff1f\">-bis, <span class=\"_ _11\"></span>9-ter <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>9<span class=\"_ _3\"></span>-quater <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>decreto-legge <span class=\"_ _11\"></span>25 </span>maggio 2021, n.<span class=\"_ _1\"></span> 73, conver<span class=\"_ _1\"></span>tito, con modi<span class=\"_ _1\"></span>ficazioni, d<span class=\"_ _1\"></span>alla legge 2<span class=\"_ _1\"></span>3 luglio 2021, n. 1<span class=\"_ _2\"></span>06 e <span class=\"_ _3\"></span>b) il <span class=\"ff22\">credit<span class=\"_ _1\"></span>o d\u2019imposta </span>a <span class=\"_\"> </span>favo<span class=\"_ _1\"></span>re <span class=\"_\"> </span>d<span class=\"_ _2\"></span>elle <span class=\"_\"> </span>imprese <span class=\"_ _12\"> </span>editrici <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>quotidiani <span class=\"_\"> </span>e <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>periodici <span class=\"_ _12\"> </span>delle <span class=\"_\"> </span>sp<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>e <span class=\"_ _12\"> </span>sostenute <span class=\"_\"> </span>n<span class=\"_ _2\"></span>ell\u2019<span class=\"_ _3\"></span>anno <span class=\"_ _12\"> </span>2020 <span class=\"_ _12\"> </span>per <span class=\"_\"> </span>la<span class=\"_ _2\"></span> distribuzione <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>testate <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>dite <span class=\"_ _2\"></span>ai <span class=\"_ _2\"></span>sensi <span class=\"_ _2\"></span>dell<span class=\"_ _1\"></span>\u2019art.67 <span class=\"_ _2\"></span>com<span class=\"_ _1\"></span>ma <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>decr<span class=\"_ _1\"></span>eto<span class=\"_ _3\"></span><span class=\"ff1f\">-legge <span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>5 <span class=\"_ _2\"></span>maggio <span class=\"_ _2\"></span>2021 <span class=\"_ _2\"></span>n. <span class=\"_ _2\"></span>73<span class=\"_ _1\"></span>  <span class=\"_ _2\"></span>convertito<span class=\"_ _1\"></span> </span>con <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>odificazioni <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>legge <span class=\"_ _e\"></span>23 <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>uglio <span class=\"_ _3\"></span>2021, <span class=\"_ _e\"></span>n. <span class=\"_ _3\"></span>106. <span class=\"_ _e\"></span>Inoltre, <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>compres<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>contributi <span class=\"_ _e\"></span>ricevuti <span class=\"_ _3\"></span>dalla <span class=\"_ _e\"></span>societ\u00e0 RCS Sport per at<span class=\"_ _1\"></span>tivit\u00e0 pro<span class=\"_ _1\"></span>mozionali real<span class=\"_ _1\"></span>izzate. 3. <span class=\"_ _2\"></span>Varia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>lle<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>rima<span class=\"_ _2\"></span>nenz<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>pro<span class=\"_ _1\"></span>dott<span class=\"_ _2\"></span>i fi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>i La <span class=\"_ _e\"></span>voce, <span class=\"_ _e\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>2,4 <span class=\"_ _3\"></span>milioni <span class=\"_ _e\"></span>(Euro <span class=\"_ _e\"></span>0,4 <span class=\"_ _e\"></span>milioni <span class=\"_ _3\"></span>nel <span class=\"_ _e\"></span>2021), <span class=\"_ _e\"></span>rappresenta <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>effetti <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>normale <span class=\"_ _e\"></span>processo <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> utilizzo dei prodo<span class=\"_ _1\"></span>tti finiti o<span class=\"_ _1\"></span>ggetto di com<span class=\"_ _1\"></span>mercializzazione da p<span class=\"_ _2\"></span>arte delle societ\u00e0 del Gru<span class=\"_ _1\"></span>ppo. 9. <span class=\"_ _2\"></span>Altri<span class=\"_ _1\"></span> co<span class=\"_ _2\"></span>sti o<span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>i La voce pu\u00f2 <span class=\"_ _3\"></span>essere cos\u00ec detta<span class=\"_ _1\"></span>gli<span class=\"_ _2\"></span>ata: De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cr<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _1ef\"> </span><span class=\"ls5a\">2022<span class=\"_ _56\"> </span>2021</span>Tasse<span class=\"_ _3\"></span> ded<span class=\"_ _2\"></span>uci<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>agate n<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>rci<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1e3\"> </span><span class=\"ff1f\">3,<span class=\"_ _2\"></span>3<span class=\"_ _77\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1</span>Al<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>neri<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> g<span class=\"_ _1\"></span>esti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _1dc\"> </span>2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _13d\"> </span>1<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>6Total<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>ltr<span class=\"_ _2\"></span>i c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tivi<span class=\"_ _1f0\"> </span>2<span class=\"_ _3\"></span>5,<span class=\"_ _3\"></span>0<span class=\"_ _1f1\"> </span>1<span class=\"_ _3\"></span>6,<span class=\"_ _3\"></span>7Gli <span class=\"_ _a\"> </span>altri <span class=\"_ _a\"> </span>costi <span class=\"_ _a\"> </span>operativi, <span class=\"_ _a\"> </span><span class=\"ls2\">in</span> <span class=\"_ _a\"> </span>incremento <span class=\"_ _a\"> </span>rispetto <span class=\"_ _a\"> </span>all\u2019esercizi<span class=\"_ _1\"></span>o<span class=\"ff1f\"> <span class=\"_ _a\"> </span>precedente, <span class=\"_ _a\"> </span>includono <span class=\"_ _a\"> </span>quote asso<span class=\"_ _1\"></span>ciative, </span>contributi, spese d<span class=\"_ _1\"></span>i rappresentan<span class=\"_ _1\"></span>za, liberalit\u00e0<span class=\"_ _1\"></span> ed oneri per <span class=\"_ _1\"></span>transazioni. La voce include pe<span class=\"_ _1\"></span>r circa Euro 10 <span class=\"_ _1\"></span>milioni gli one<span class=\"_ _1\"></span>ri non ricor<span class=\"_ _1\"></span>renti imputabili al<span class=\"_ _1\"></span>la transazione de<span class=\"_ _1\"></span>l contenzioso relativo al comp<span class=\"_ _1\"></span>lesso immobil<span class=\"_ _1\"></span>iare di via Solfe<span class=\"_ _1\"></span>rino/San <span class=\"_ _1\"></span>Marco/Balzan. 12. P<span class=\"_ _2\"></span>rovent<span class=\"_ _2\"></span>i e o<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>non<span class=\"_ _1\"></span> ri<span class=\"_ _1\"></span>corr<span class=\"_ _2\"></span>enti In accordo a<span class=\"_ _2\"></span>lla Delibera C<span class=\"_ _1\"></span>ONSOB <span class=\"_ _2\"></span>n. 15519 si riportano <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> segui<span class=\"_ _1\"></span>to i princip<span class=\"_ _1\"></span>ali compone<span class=\"_ _1\"></span>nti di <span class=\"_ _1\"></span>reddito (<span class=\"_ _1\"></span>positivi e/o nega<span class=\"_ _1\"></span>tivi) d<span class=\"_ _1\"></span>erivanti <span class=\"_ _1\"></span>da ev<span class=\"_ _2\"></span>enti<span class=\"_ _3\"></span> od <span class=\"_ _2\"></span>operazioni <span class=\"ls16\">il</span> c<span class=\"_ _1\"></span>ui ac<span class=\"_ _1\"></span>cadimen<span class=\"_ _1\"></span>to risulta <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>ricorrente <span class=\"_ _2\"></span>ovvero <span class=\"_ _2\"></span>derivanti <span class=\"_ _2\"></span>quelle operazioni <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>fatti ch<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>si <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ipetono <span class=\"_ _2\"></span>frequentemen<span class=\"_ _1\"></span>te nel consueto s<span class=\"_ _1\"></span>volgimento de<span class=\"_ _1\"></span>ll\u2019attivit\u00e0. De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneOne<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>i non Pr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>nti n<span class=\"_ _1\"></span>on TotaleTotale<span class=\"_ _e\"></span> di<span class=\"_ _1\"></span> Incid<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nz<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntir<span class=\"_ _2\"></span>ico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntibi<span class=\"_ _2\"></span>lan<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ioAl<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>cavi<span class=\"_ _2\"></span> e pro<span class=\"_ _2\"></span>ven<span class=\"_ _1\"></span>ti<span class=\"_ _202\"> </span><span class=\"fc1\">-</span>1<span class=\"_ _3\"></span>,31<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _203\"> </span>5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,4<span class=\"_ _7f\"> </span>2,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>%Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> perso<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _a5\"> </span>(1,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _204\"> </span><span class=\"fc0\">-<span class=\"_ _205\"> </span></span>(1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5)<span class=\"_ _15d\"> </span>(31<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _62\"> </span>0,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>%Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>r s<span class=\"_ _3\"></span>ervi<span class=\"_ _0\"></span>zi<span class=\"_ _1ee\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _204\"> </span><span class=\"fc0\">-<span class=\"_ _205\"> </span></span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _15a\"> </span>(4<span class=\"_ _2\"></span>79<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _115\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>%Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>r go<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span>men<span class=\"_ _2\"></span>to b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> terz<span class=\"_ _2\"></span>i<span class=\"_ _206\"> </span><span class=\"fc1\">-<span class=\"_ _204\"> </span></span>-<span class=\"_ _6d\"> </span><span class=\"fc1\">(2<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1)</span>Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>era<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _19f\"> </span><span class=\"fc1\">(11<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _204\"> </span><span class=\"fc0\">-<span class=\"_ _15f\"> </span></span>(1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>)<span class=\"_ _15f\"> </span>(25<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0)<span class=\"_ _15b\"> </span>45<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5%</span>Totale<span class=\"_ _e\"></span> pr<span class=\"_ _2\"></span>ov<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>nti<span class=\"_ _1\"></span> e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>i non r<span class=\"_ _2\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _96\"> </span>(13<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _76\"> </span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _66\"> </span>(1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _3\"></span>)Nel <span class=\"_ _0\"></span>2022 <span class=\"_ _2\"></span>gli <span class=\"_ _0\"></span>oneri <span class=\"_ _2\"></span>non <span class=\"_ _0\"></span>ricorrenti <span class=\"_ _0\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>t<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>son<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>pari <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>Euro <span class=\"_ _2\"></span>12,1 <span class=\"_ _0\"></span>milioni <span class=\"_ _2\"></span>pr<span class=\"_ _1\"></span>evalentemen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>ricondu<span class=\"_ _1\"></span>cibili <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>circa <span class=\"_ _1\"></span>Euro 10 <span class=\"_ _5\"> </span>milioni <span class=\"_ _15\"> </span>all<span class=\"_ _1\"></span>a <span class=\"_ _5\"> </span>transazione <span class=\"_ _5\"> </span>del <span class=\"_ _15\"> </span>conte<span class=\"_ _1\"></span>nzioso <span class=\"_ _5\"> </span>relativo <span class=\"_ _5\"> </span>al <span class=\"_ _5\"> </span>complesso <span class=\"_ _5\"> </span>immobiliare <span class=\"_ _5\"> </span>di <span class=\"_ _5\"> </span>vi<span class=\"_ _3\"></span>a <span class=\"_ _5\"> </span>Solferino/San Marco/Balzan co<span class=\"_ _1\"></span>me descritto ne<span class=\"_ _1\"></span>lla successiv<span class=\"_ _1\"></span>a Nota n.39 Impegni, ris<span class=\"_ _1\"></span>chi ed altre <span class=\"_ _1\"></span>informazion<span class=\"_ _1\"></span>i. Al <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _2\"></span>2021 g<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>oneri <span class=\"_ _2\"></span>non <span class=\"_ _1\"></span>ricorrenti <span class=\"_ _2\"></span>netti <span class=\"_ _1\"></span>erano <span class=\"_ _2\"></span>pari a <span class=\"_ _2\"></span>complessivi <span class=\"_ _2\"></span>Euro 3,8<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>milion<span class=\"_ _2\"></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=\"_ _2\"></span>Altri<span class=\"_ _1\"></span> ri<span class=\"_ _1\"></span>ca<span class=\"_ _2\"></span>vi e <span class=\"_ _1\"></span>pro<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>nti Gli <span class=\"_ _a\"></span>\u201ca<span class=\"_ _1\"></span>ltri<span class=\"ff1f\"> <span class=\"_ _7\"></span>ri<span class=\"_ _3\"></span>cavi <span class=\"_ _7\"></span>e <span class=\"_ _a\"></span></span>provent<span class=\"_ _1\"></span>i\u201d <span class=\"_ _7\"></span>sono <span class=\"_ _a\"> </span>pari <span class=\"_ _7\"></span>a <span class=\"_ _a\"> </span>Euro <span class=\"_ _7\"></span>50,4 <span class=\"_ _7\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _7\"></span>(Euro <span class=\"_ _a\"> </span>39,1 <span class=\"_ _7\"></span>milioni <span class=\"_ _7\"></span>nel <span class=\"_ _a\"> </span>2021), di cui Euro 35,6 milioni <span class=\"_ _e\"></span>riconducibili <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>RCS <span class=\"_ _e\"></span>(Euro <span class=\"_ _e\"></span>31,3 <span class=\"_ _e\"></span>milioni <span class=\"_ _11\"></span>nel <span class=\"_ _e\"></span>2021), <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>includono <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>icavi <span class=\"_ _3\"></span><span class=\"ls6\">da<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>macero <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>vendita carta, addebiti di cos<span class=\"_ _1\"></span>ti tecnici pubblici<span class=\"_ _1\"></span>tari, affitti attivi, sopravvenienze <span class=\"_ _3\"></span>attive, <span class=\"_ _3\"></span>provent<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>contributi <span class=\"_ _3\"></span>ricevuti e altre voci di r<span class=\"_ _1\"></span>icavo divers<span class=\"_ _1\"></span>i da quelli ope<span class=\"_ _1\"></span>rativi. La <span class=\"_ _2\"></span>variazione <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>voce <span class=\"_ _2\"></span>\u201ca<span class=\"_ _1\"></span>ltri <span class=\"_ _2\"></span>ric<span class=\"ff1f\">a</span>vi <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>proventi\u201d <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>riconducibil<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>16,4 <span class=\"_ _2\"></span>milio<span class=\"_ _1\"></span>ni <span class=\"_ _2\"></span>ai <span class=\"_ _2\"></span>proventi <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>contribut<span class=\"_ _1\"></span>i che <span class=\"_ _6\"></span>comprendono <span class=\"_ _11\"></span>principalmente <span class=\"_ _11\"></span>a)<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>contributo <span class=\"_ _6\"></span>cart<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>sull\u2019acquisto <span class=\"_ _11\"></span>e <span class=\"_ _6\"> </span>consumo <span class=\"_ _6\"></span>carta <span class=\"_ _6\"></span>agevolato <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>l\u2019anno 2021, <span class=\"_\"> </span>ai <span class=\"_\"> </span>sensi <span class=\"_\"> </span>di <span class=\"_\"> </span>quanto <span class=\"_ _12\"> </span>previsto <span class=\"_\"> </span>dall\u2019art. <span class=\"_\"> </span>188 <span class=\"_\"> </span>del <span class=\"_\"> </span>Decreto-legge <span class=\"_\"> </span>del <span class=\"_\"> </span>19/05/2020 <span class=\"_ _12\"> </span>n. <span class=\"_\"> </span>34 <span class=\"_\"> </span>convertito <span class=\"_\"> </span>con modificazioni <span class=\"_ _a\"> </span>dalla <span class=\"_ _12\"> </span>Legge <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>17/07/2020 <span class=\"_ _a\"> </span>n. <span class=\"_ _12\"> </span>77), <span class=\"_ _12\"> </span>dall\u2019art. <span class=\"_ _a\"> </span>1 <span class=\"_ _12\"> </span>commi <span class=\"_ _12\"> </span>378-379 <span class=\"_ _12\"> </span>Legge <span class=\"_ _12\"> </span>n. <span class=\"_ _12\"> </span>234/2021 <span class=\"_ _a\"> </span>(legge finanziaria <span class=\"_ _11\"></span>2022), <span class=\"_ _e\"></span>dall\u2019art. <span class=\"_ _11\"></span>4, <span class=\"_ _11\"></span>comm<span class=\"_ _3\"></span><span class=\"ff1f\">i <span class=\"_ _11\"></span>da <span class=\"_ _11\"></span>182 <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>186 <span class=\"_ _6\"></span>della <span class=\"_ _e\"></span>legge<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>24 <span class=\"_ _11\"></span>dicembre <span class=\"_ _11\"></span>2003, <span class=\"_ _e\"></span>n. <span class=\"_ _6\"></span>350 <span class=\"_ _11\"></span>(legge <span class=\"_ _11\"></span>finanziaria </span>2004), <span class=\"_ _11\"></span>visti <span class=\"_ _11\"></span>il <span class=\"_ _6\"></span>DPCM <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>21.12.2004 <span class=\"_ _e\"></span>n. <span class=\"_ _6\"></span>318 <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>l\u2019art. <span class=\"_ _6\"></span>67, <span class=\"_ _11\"></span>commi <span class=\"_ _11\"></span>9<span class=\"_ _3\"></span><span class=\"ff1f\">-bis, <span class=\"_ _11\"></span>9-ter <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>9<span class=\"_ _3\"></span>-quater <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>decreto-legge <span class=\"_ _11\"></span>25 </span>maggio 2021, n.<span class=\"_ _1\"></span> 73, conver<span class=\"_ _1\"></span>tito, con modi<span class=\"_ _1\"></span>ficazioni, d<span class=\"_ _1\"></span>alla legge 2<span class=\"_ _1\"></span>3 luglio 2021, n. 1<span class=\"_ _2\"></span>06 e <span class=\"_ _3\"></span>b) il <span class=\"ff22\">credit<span class=\"_ _1\"></span>o d\u2019imposta </span>a <span class=\"_\"> </span>favo<span class=\"_ _1\"></span>re <span class=\"_\"> </span>d<span class=\"_ _2\"></span>elle <span class=\"_\"> </span>imprese <span class=\"_ _12\"> </span>editrici <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>quotidiani <span class=\"_\"> </span>e <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>periodici <span class=\"_ _12\"> </span>delle <span class=\"_\"> </span>sp<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>e <span class=\"_ _12\"> </span>sostenute <span class=\"_\"> </span>n<span class=\"_ _2\"></span>ell\u2019<span class=\"_ _3\"></span>anno <span class=\"_ _12\"> </span>2020 <span class=\"_ _12\"> </span>per <span class=\"_\"> </span>la<span class=\"_ _2\"></span> distribuzione <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>testate <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>dite <span class=\"_ _2\"></span>ai <span class=\"_ _2\"></span>sensi <span class=\"_ _2\"></span>dell<span class=\"_ _1\"></span>\u2019art.67 <span class=\"_ _2\"></span>com<span class=\"_ _1\"></span>ma <span class=\"_ _2\"></span>1 <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>decr<span class=\"_ _1\"></span>eto<span class=\"_ _3\"></span><span class=\"ff1f\">-legge <span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>5 <span class=\"_ _2\"></span>maggio <span class=\"_ _2\"></span>2021 <span class=\"_ _2\"></span>n. <span class=\"_ _2\"></span>73<span class=\"_ _1\"></span>  <span class=\"_ _2\"></span>convertito<span class=\"_ _1\"></span> </span>con <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>odificazioni <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>legge <span class=\"_ _e\"></span>23 <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>uglio <span class=\"_ _3\"></span>2021, <span class=\"_ _e\"></span>n. <span class=\"_ _3\"></span>106. <span class=\"_ _e\"></span>Inoltre, <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>compres<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>contributi <span class=\"_ _e\"></span>ricevuti <span class=\"_ _3\"></span>dalla <span class=\"_ _e\"></span>societ\u00e0 RCS Sport per at<span class=\"_ _1\"></span>tivit\u00e0 pro<span class=\"_ _1\"></span>mozionali real<span class=\"_ _1\"></span>izzate. 3. <span class=\"_ _2\"></span>Varia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>lle<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>rima<span class=\"_ _2\"></span>nenz<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>pro<span class=\"_ _1\"></span>dott<span class=\"_ _2\"></span>i fi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>i La <span class=\"_ _e\"></span>voce, <span class=\"_ _e\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>2,4 <span class=\"_ _3\"></span>milioni <span class=\"_ _e\"></span>(Euro <span class=\"_ _e\"></span>0,4 <span class=\"_ _e\"></span>milioni <span class=\"_ _3\"></span>nel <span class=\"_ _e\"></span>2021), <span class=\"_ _e\"></span>rappresenta <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>effetti <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>normale <span class=\"_ _e\"></span>processo <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> utilizzo dei prodo<span class=\"_ _1\"></span>tti finiti o<span class=\"_ _1\"></span>ggetto di com<span class=\"_ _1\"></span>mercializzazione da p<span class=\"_ _2\"></span>arte delle societ\u00e0 del Gru<span class=\"_ _1\"></span>ppo. ",
   "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=\"_ _2\"></span>Consu<span class=\"_ _1\"></span>mi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>mat<span class=\"_ _2\"></span>erie<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>sus<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>dia<span class=\"_ _1\"></span>rie<span class=\"_ _2\"></span> e di <span class=\"_ _2\"></span>consumo<span class=\"_ _2\"></span> L\u2019andamento <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>costi per <span class=\"_ _2\"></span>materie <span class=\"_ _1\"></span>prime, <span class=\"_ _2\"></span>sussidiarie <span class=\"_ _2\"></span>e di <span class=\"_ _2\"></span>consumo <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>dettagliato <span class=\"_ _1\"></span>come <span class=\"_ _2\"></span>segu<span class=\"_ _1\"></span>e:<span class=\"_ _1\"></span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione2022<span class=\"_ _1ad\"> </span>2021Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ac<span class=\"_ _3\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>sto<span class=\"_ _1\"></span> ca<span class=\"_ _3\"></span>rta8<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _176\"> </span>48<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ac<span class=\"_ _3\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>sto<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> g<span class=\"_ _1\"></span>adg<span class=\"_ _2\"></span>et e<span class=\"_ _3\"></span> materi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rsi4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _176\"> </span>41<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4Vari<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e ri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>enz<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>rta,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>dg<span class=\"_ _2\"></span>et e<span class=\"_ _3\"></span> m<span class=\"_ _1\"></span>ateri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>ers<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>gram<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> te<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ev<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> (1<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _126\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6si<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>iTotal<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>um<span class=\"_ _2\"></span>i di m<span class=\"_ _2\"></span>ate<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> pr<span class=\"_ _2\"></span>im<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>, <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>us<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>idi<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> e<span class=\"_ _11\"></span> di co<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>um<span class=\"_ _2\"></span>o11<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _b1\"> </span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,0La voce, pari a Euro 119,8 <span class=\"ls2\">mi<span class=\"_ _1\"></span><span class=\"ls0\">lioni, si riferisce p<span class=\"_ _1\"></span>rincipalment<span class=\"_ _1\"></span>e alle attivit\u00e0 edit<span class=\"_ _1\"></span>oriali di Cairo Editore, d<span class=\"_ _1\"></span>i La7 e </span></span>del <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _a\"> </span>RCS. <span class=\"_ _12\"> </span><span class=\"ff22\">L\u2019incr</span>emento <span class=\"_ _12\"> </span>di <span class=\"_ _a\"> </span>Euro <span class=\"_\"> </span>2<span class=\"_ _2\"></span>9,8 <span class=\"_\"> </span>m<span class=\"_ _1\"></span>ilioni <span class=\"_ _12\"> </span>rispe<span class=\"_ _1\"></span>tto <span class=\"_ _12\"> </span>all\u2019anno <span class=\"_ _a\"> </span>precedente <span class=\"_ _12\"> </span>risulta <span class=\"_ _a\"> </span>principalmente attribuibile al<span class=\"ff22\">l\u2019au<span class=\"_ _1\"></span>mento dei cost<span class=\"_ _1\"></span>i di <span class=\"ff1f\">approvvigiona<span class=\"_ _1\"></span>mento delle ma<span class=\"_ _1\"></span>terie prime.<span class=\"_ _1\"></span> </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=\"ls6\">di</span> <span class=\"_ _3\"></span>consumo <span class=\"_ _3\"></span>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=\"_ _3\"></span>Euro 98,8 milioni. 5. <span class=\"_ _2\"></span>Costi<span class=\"_ _1\"></span> pe<span class=\"_ _1\"></span>r <span class=\"_ _1\"></span>ser<span class=\"_ _2\"></span>vizi Nella <span class=\"_ _0\"></span>voce <span class=\"_ _0\"></span><span class=\"ff22\">\u201ccosti<span class=\"ff1f\"> <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span><span class=\"ff22\">servizi\u201d<span class=\"ff1f\"> <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nclusi <span class=\"_ _0\"></span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>costi <span class=\"_ _0\"></span>diretti <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>concessionarie, <span class=\"_ _0\"></span>lavorazioni <span class=\"_ _11\"></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>collaborazioni <span class=\"_ _4\"> </span>pr<span class=\"_ _3\"></span>incipalmen<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>del <span class=\"_ _11\"></span>border\u00f2, <span class=\"_ _11\"></span>costi <span class=\"_ _6\"></span>relativi <span class=\"_ _11\"></span>alla <span class=\"_ _6\"></span>attivit\u00e0 televisiva, <span class=\"_ _e\"></span>costi <span class=\"_ _6\"></span>promozion<span class=\"_ _1\"></span>ali <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>costi <span class=\"_ _11\"></span>generali <span class=\"_ _11\"></span>ed <span class=\"_ _11\"></span>amministrativi. <span class=\"_ _11\"></span>La <span class=\"_ _11\"></span>composizione <span class=\"_ _e\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>costi <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>servizi <span class=\"_ _11\"></span>\u00e8 <span class=\"_ _11\"></span>la seguente: De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne2022<span class=\"_ _b0\"> </span>2021Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>a3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8e\"> </span>41<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>9P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>stazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>fes<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>amm<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>strati<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i3<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8e\"> </span>34<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5Co<span class=\"_ _2\"></span>nsu<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>abo<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>edi<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8e\"> </span>36<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5Lav<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>raz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>terne6<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _8e\"> </span>70<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6Sp<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>traspo<span class=\"_ _2\"></span>rto1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>7<span class=\"_ _b0\"> </span>11<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>1P<span class=\"_ _3\"></span>rog<span class=\"_ _2\"></span>ramm<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>app<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>to2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _8e\"> </span>20<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>stazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>fes<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>rti<span class=\"_ _2\"></span>sti<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre con<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> te<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ev<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1a6\"> </span>8,<span class=\"_ _2\"></span>7Ri<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>tro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>tagg<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> op<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> este<span class=\"_ _3\"></span>rn<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>ve0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _e3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>7Serv<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> news <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>spo<span class=\"_ _2\"></span>rt e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>gen<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>ve1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _e3\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4Serv<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> tra<span class=\"_ _3\"></span>sm<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ssi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>va0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _e3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2Rea<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _1\"></span>rafi<span class=\"_ _2\"></span>che tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _e3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5Co<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>egam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>pera<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> este<span class=\"_ _3\"></span>rn<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>ve1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _e3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0 e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _8e\"> </span>39<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gen<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>8<span class=\"_ _8e\"> </span>92<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>i4<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _22\"> </span>46<span class=\"_ _3\"></span>7<span class=\"_ _e\"></span>,1La<span class=\"ls0\"> voce, pari <span class=\"ls3\">ad</span> <span class=\"_ _3\"></span>Euro 479,5<span class=\"_ _1\"></span> milioni (Euro 467,1 milion<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> nel 2021<span class=\"ls5\">),</span> present<span class=\"_ _1\"></span>a un incremento rispetto <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>periodo </span></span></span>analogo <span class=\"ff22\">dell\u2019esercizio</span> prec<span class=\"_ _1\"></span>edente <span class=\"ls6\">di<span class=\"_ _3\"></span></span> Euro 12,4 milioni. <span class=\"_ _11\"></span>In <span class=\"_ _11\"></span>crescita <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>13,6 <span class=\"_ _11\"></span>milioni <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>voce<span class=\"_ _3\"></span> altri <span class=\"_ _11\"></span>costi <span class=\"_ _11\"></span>di struttura e <span class=\"_ _1\"></span>generali pr<span class=\"_ _1\"></span>incipalmente <span class=\"_ _2\"></span>per<span class=\"_ _3\"></span> <span class=\"ff22\">l\u2019increm</span>ent<span class=\"_ _1\"></span>o <span class=\"ff22\">dei <span class=\"_ _1\"></span>costi per l<span class=\"_ _1\"></span>\u2019approvvig<span class=\"_ _1\"></span>ionamento en<span class=\"_ _1\"></span>ergetico (<span class=\"_ _1\"></span>+Euro 7,<span class=\"_ _1\"></span>2 </span>milioni <span class=\"_ _12\"> </span>rispetto <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>2021) <span class=\"_ _12\"> </span><span class=\"ls4\">e <span class=\"_ _12\"> </span></span>dei <span class=\"_\"> </span>cost<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>p<span class=\"_ _1\"></span>roduzione<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>televisiva <span class=\"_ _12\"> </span>delle <span class=\"_ _12\"> </span>corse <span class=\"_ _12\"> </span>ciclistiche <span class=\"_ _12\"> </span>realizzate <span class=\"_ _12\"> </span>dal <span class=\"_ _12\"> </span>2022 direttamente da RCS S<span class=\"_ _1\"></span>port <span class=\"_ _1\"></span>S.p.A. Sono <span class=\"_ _e\"></span>continuate <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>azioni <span class=\"_ _e\"></span>legate <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>conteniment<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>costi <span class=\"_ _11\"></span><span class=\"ff22\">e <span class=\"_ _e\"></span>recupero <span class=\"_ _e\"></span>dell\u2019effici<span class=\"_ _1\"></span>enza, <span class=\"_ _e\"></span>affiancati<span class=\"ff1f\"> <span class=\"ls6\">da</span> <span class=\"_ _1\"></span>interventi </span></span>straordinari <span class=\"_ _0\"></span>effettuati <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>ad<span class=\"_ _1\"></span>eguare <span class=\"_ _2\"></span>tempest<span class=\"_ _1\"></span>ivamente <span class=\"_ _0\"></span>l\u2019organizzazione azienda<span class=\"_ _1\"></span>le al mutato con<span class=\"_ _1\"></span>testo. 6. <span class=\"_ _2\"></span>Costi<span class=\"_ _1\"></span> pe<span class=\"_ _1\"></span>r <span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>dime<span class=\"_ _2\"></span>nto be<span class=\"_ _2\"></span>ni di<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>erz<span class=\"_ _2\"></span>i La voce, <span class=\"_ _2\"></span>pari <span class=\"_ _1\"></span>ad Eu<span class=\"_ _2\"></span>ro 28,1 <span class=\"_ _2\"></span>milioni (Euro <span class=\"_ _2\"></span>31,8 <span class=\"_ _1\"></span>milioni <span class=\"_ _2\"></span>al<span class=\"_ _3\"></span> 31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></span>2021)<span class=\"_ _3\"></span>, <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _2\"></span>prevalentemente <span class=\"_ _1\"></span>costi <span class=\"_ _2\"></span>per diritti <span class=\"_ _a\"> </span>giornalistici, <span class=\"_ _a\"> </span>sportivi <span class=\"_ _12\"> </span>e <span class=\"_ _a\"> </span>per <span class=\"_ _12\"> </span>progr<span class=\"_ _1\"></span>ammi <span class=\"_ _a\"> </span>televisivi <span class=\"_ _12\"> </span>e <span class=\"_ _a\"> </span>royalties <span class=\"_ _a\"> </span>per <span class=\"_ _12\"> </span>diritti <span class=\"_ _a\"> </span>di <span class=\"_ _12\"> </span>au<span class=\"_ _1\"></span>tore <span class=\"_ _a\"> </span>nonch\u00e9 <span class=\"_ _12\"> </span>canoni <span class=\"_ _a\"> </span>di locazione <span class=\"_ _2\"></span>relativi <span class=\"_ _2\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>contratt<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>leasing sho<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>t <span class=\"_ _1\"></span>term <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>low <span class=\"_ _2\"></span>cost, esc<span class=\"_ _1\"></span>lusi <span class=\"_ _2\"></span>dall\u2019applicazione <span class=\"_ _2\"></span>del pr<span class=\"_ _1\"></span>incipio <span class=\"_ _2\"></span>IFRS <span class=\"_ _1\"></span>16. De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1dc\"> </span><span class=\"ls57\">2022<span class=\"_ _17d\"> </span>2021</span>Affi<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1dd\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _90\"> </span>1,<span class=\"_ _2\"></span>5Affi<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> stu<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _1de\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _6d\"> </span>-Nol<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e s<span class=\"_ _3\"></span>tu<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _1df\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _90\"> </span>0<span class=\"_ _2\"></span>,5Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>gram<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> TV<span class=\"_ _1e0\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _90\"> </span>0<span class=\"_ _2\"></span>,6Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>spo<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _1e1\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _90\"> </span>0<span class=\"_ _2\"></span>,5Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rnal<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>sti<span class=\"_ _2\"></span>ci<span class=\"_ _1e2\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _90\"> </span>3<span class=\"_ _2\"></span>,0Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>\u2019aut<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>( SIAE ,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>IMAIE ,<span class=\"_ _2\"></span> SCF<span class=\"_ _1\"></span> ,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>AFI )<span class=\"_ _1e3\"> </span><span class=\"ff1f\">3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _90\"> </span>3<span class=\"_ _2\"></span>,7</span>Ro<span class=\"_ _2\"></span>yal<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>passi<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ri<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> v<span class=\"_ _1\"></span>ari<span class=\"_ _147\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,0<span class=\"_ _1e4\"> </span>1<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per go<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ent<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ben<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>terzi<span class=\"_ _1e5\"> </span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _90\"> </span>7<span class=\"_ _2\"></span>,3To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span> g<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>dim<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nto<span class=\"_ _3\"></span> be<span class=\"_ _e\"></span>ni d<span class=\"_ _1\"></span>i te<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _19c\"> </span>28<span class=\"_ _3\"></span>,1<span class=\"_ _49\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _e\"></span>,8La voce include cos<span class=\"_ _1\"></span>ti per godimento di beni <span class=\"_ _1\"></span>di terzi riconduci<span class=\"_ _1\"></span>bili al Gruppo RC<span class=\"_ _1\"></span>S per Euro 18,5 milioni (Euro<span class=\"_ _2\"></span> 21,7 m<span class=\"_ _1\"></span>ilioni n<span class=\"_ _2\"></span>el<span class=\"_ _3\"></span> 202<span class=\"_ _1\"></span>1) <span class=\"_ _1\"></span>costituiti <span class=\"_ _2\"></span>principalmente <span class=\"_ _2\"></span>da diritti <span class=\"_ _1\"></span>letterari, <span class=\"_ _1\"></span><span class=\"ff24\">royalties<span class=\"ff1f\"> <span class=\"_ _2\"></span>passive e <span class=\"_ _2\"></span>fotoservizi per <span class=\"_ _2\"></span>Euro 12,3 </span></span>milioni (Euro 13,8 <span class=\"_ _1\"></span>milioni nel 20<span class=\"_ _1\"></span>21<span class=\"ls5\">).</span> 7. <span class=\"_ _2\"></span>Costi<span class=\"_ _1\"></span> de<span class=\"_ _2\"></span>l per<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nale<span class=\"_ _1\"></span> La voce pu\u00f2 <span class=\"_ _3\"></span>essere dettagliata come <span class=\"_ _3\"></span>segue<span class=\"_ _1\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _1e6\"> </span><span class=\"ls58\">2022<span class=\"_ _36\"> </span>2021</span>Sal<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>sti<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _1e7\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>7<span class=\"_ _27\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0On<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span> soci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _194\"> </span>7<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>4<span class=\"_ _1e8\"> </span>7<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Trattam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> fi<span class=\"_ _0\"></span>ne ra<span class=\"_ _3\"></span>pp<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>rto<span class=\"_ _130\"> </span>11<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1e8\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span> perso<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _1e9\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _5e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6Totale<span class=\"_ _e\"></span> co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti de<span class=\"_ _e\"></span>l pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>le<span class=\"_ _46\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _24\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2I <span class=\"_ _e\"></span>cos<span class=\"_ _3\"></span>ti <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>personale <span class=\"_ _11\"></span>ammontano <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>3<span class=\"_ _3\"></span>17,4 <span class=\"_ _e\"></span>milioni <span class=\"_ _11\"></span>(Euro <span class=\"_ _11\"></span>325,2 <span class=\"_ _11\"></span>milioni <span class=\"_ _11\"></span>nel <span class=\"_ _11\"></span>2021<span class=\"ls5\">) <span class=\"_ _11\"></span></span>e <span class=\"_ _6\"></span>includono <span class=\"_ _e\"></span>costi <span class=\"_ _11\"></span>del personale riconduc<span class=\"_ _1\"></span>ibili al Gruppo RC<span class=\"_ _1\"></span>S per Eu<span class=\"_ _1\"></span>ro 240,1 milio<span class=\"_ _1\"></span>ni (Euro 245,4 <span class=\"_ _1\"></span>milioni<span class=\"_ _1\"></span> nel 2021) La <span class=\"_ _2\"></span>voce <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _2\"></span>oneri <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>ricorrenti <span class=\"_ _2\"></span>legati <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>processo <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>riorganizzaz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>aziendale <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro 1,5 <span class=\"_ _2\"></span>milioni <span class=\"_ _2\"></span>(Euro<span class=\"_ _1\"></span> 3,6 milioni nel 2021<span class=\"_ _1\"></span>). 8. <span class=\"_ _2\"></span>Ammor<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti,<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>anto<span class=\"_ _2\"></span>namen<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> e <span class=\"_ _1\"></span>sv<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>ioni La voce si compone <span class=\"_ _1\"></span>come se<span class=\"_ _2\"></span>gue:<span class=\"_ _1\"></span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _1ea\"> </span><span class=\"ls59\">2022<span class=\"_ _27\"> </span>2021</span>Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>ateri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _1df\"> </span>3<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>4<span class=\"_ _49\"> </span>32<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pi<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> m<span class=\"_ _1\"></span>ac<span class=\"_ _3\"></span>chi<span class=\"_ _0\"></span>nari<span class=\"_ _1eb\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _5e\"> </span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>\u2019uso<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>su b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _144\"> </span><span class=\"ff1f\">26<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _49\"> </span>26<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4</span>Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _48\"> </span>0,<span class=\"_ _2\"></span>9<span class=\"_ _5e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>nam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> fon<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> s<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ta<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _1ec\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _5e\"> </span>0,<span class=\"_ _2\"></span>9Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>nam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ai<span class=\"_ _2\"></span> fon<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ed o<span class=\"_ _2\"></span>neri<span class=\"_ _1ed\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _5e\"> </span>7,<span class=\"_ _2\"></span>5Totale<span class=\"_ _e\"></span> a<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mor<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span>, accan<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span>na<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span> e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ioni<span class=\"_ _1ee\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,8<span class=\"_ _93\"> </span>76<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2La<span class=\"ls0\"> <span class=\"_ _2\"></span>voce, <span class=\"_ _2\"></span>par<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span><span class=\"ls4\">ad<span class=\"ls0\"> <span class=\"_ _2\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>77,8 <span class=\"_ _0\"></span>milioni <span class=\"_ _2\"></span>(Euro <span class=\"_ _2\"></span>76,2 <span class=\"_ _0\"></span>milioni <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>2021) <span class=\"_ _0\"></span>mostra <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"_ _1\"></span><span class=\"ls0\">cremento <span class=\"_ _0\"></span>di <span class=\"_ _2\"></span>Euro 1,6 milioni. </span></span></span></span></span>L\u2019applicazione<span class=\"ff1f\"> <span class=\"_ _16\"> </span></span>dell\u2019IFRS <span class=\"_ _16\"> </span>16 <span class=\"_ _4\"> </span>ha <span class=\"_ _16\"> </span>comportato <span class=\"_ _f\"> </span>ammortamen<span class=\"_ _1\"></span>ti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>26<span class=\"ls6\">,6</span> <span class=\"_ _f\"> </span>milioni. <span class=\"_ _5\"> </span>Si <span class=\"_ _4\"> </span>ricorda <span class=\"_ _4\"> </span>che <span class=\"_ _5\"> </span>gli<span class=\"_ _2\"></span> ammo<span class=\"_ _2\"></span>rta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ricon<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>cibi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls3\">ai</span> <span class=\"_ _e\"></span>valo<span class=\"_ _2\"></span>ri <span class=\"_ _3\"></span>allo<span class=\"_ _1\"></span>ca<span class=\"_ _2\"></span>ti <span class=\"_ _e\"></span><span class=\"ls3\">ad</span> <span class=\"_ _3\"></span>att<span class=\"_ _2\"></span>ivit\u00e0<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>imm<span class=\"_ _1\"></span>ate<span class=\"_ _2\"></span>rial<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>(non<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>pre<span class=\"_ _2\"></span>ceden<span class=\"_ _2\"></span>teme<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>iscri<span class=\"_ _1\"></span>tte) <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>vita <span class=\"_ _e\"></span>utile definita <span class=\"_ _e\"></span>nell\u2019a<span class=\"_ _1\"></span>mbito <span class=\"_ _3\"></span>dell\u2019applicazione <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>c.d. <span class=\"_ _e\"></span>\u201c<span class=\"ff24\">acquisition <span class=\"_ _3\"></span>method</span>\u201d <span class=\"_ _e\"></span>all\u2019aggregazi<span class=\"_ _1\"></span>one <span class=\"_ _e\"></span>aziendale <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>sono pari, per <span class=\"ff22\">l\u2019eserciz<span class=\"_ _1\"></span>io chiuso <span class=\"_ _1\"></span>al 31 dicembre 202<span class=\"ff1f\">2, a Eur<span class=\"_ _2\"></span>o 1,9 milioni; </span></span>Gli <span class=\"_ _e\"></span>avviamenti <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span><span class=\"ls2\">le</span> <span class=\"_ _e\"></span>testate <span class=\"_ _e\"></span>aventi <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _e\"></span>indefinita <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>sono <span class=\"_ _11\"></span>sottoposte <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _11\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _11\"></span>ma <span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>verifiche almeno annuali per<span class=\"_ _1\"></span> identifi<span class=\"_ _1\"></span>care eventuali pe<span class=\"_ _1\"></span>rdite di val<span class=\"_ _1\"></span>ore. Le svalutazioni al <span class=\"_ _3\"></span>31 dicembre <span class=\"_ _3\"></span>2022 sono pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro 0,9 milioni (<span class=\"_ _3\"></span>Euro 0,1 milioni <span class=\"_ _3\"></span>nel 2021) <span class=\"_ _3\"></span>e si <span class=\"_ _3\"></span>riferiscono ad impianti pres<span class=\"_ _1\"></span>enti nel pol<span class=\"_ _1\"></span>o di stampa di Ca<span class=\"_ _1\"></span>tania. ",
   "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=\"_ _2\"></span>Consu<span class=\"_ _1\"></span>mi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>mat<span class=\"_ _2\"></span>erie<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>sus<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>dia<span class=\"_ _1\"></span>rie<span class=\"_ _2\"></span> e di <span class=\"_ _2\"></span>consumo<span class=\"_ _2\"></span> L\u2019andamento <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>costi per <span class=\"_ _2\"></span>materie <span class=\"_ _1\"></span>prime, <span class=\"_ _2\"></span>sussidiarie <span class=\"_ _2\"></span>e di <span class=\"_ _2\"></span>consumo <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _2\"></span>dettagliato <span class=\"_ _1\"></span>come <span class=\"_ _2\"></span>segu<span class=\"_ _1\"></span>e:<span class=\"_ _1\"></span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione2022<span class=\"_ _1ad\"> </span>2021Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ac<span class=\"_ _3\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>sto<span class=\"_ _1\"></span> ca<span class=\"_ _3\"></span>rta8<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _176\"> </span>48<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ac<span class=\"_ _3\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>sto<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> g<span class=\"_ _1\"></span>adg<span class=\"_ _2\"></span>et e<span class=\"_ _3\"></span> materi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rsi4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _176\"> </span>41<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4Vari<span class=\"_ _2\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e ri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>enz<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>rta,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>dg<span class=\"_ _2\"></span>et e<span class=\"_ _3\"></span> m<span class=\"_ _1\"></span>ateri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>ers<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>gram<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> te<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ev<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> (1<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _126\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6si<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>iTotal<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>um<span class=\"_ _2\"></span>i di m<span class=\"_ _2\"></span>ate<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> pr<span class=\"_ _2\"></span>im<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>, <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>us<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>idi<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> e<span class=\"_ _11\"></span> di co<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>um<span class=\"_ _2\"></span>o11<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _b1\"> </span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,0La voce, pari a Euro 119,8 <span class=\"ls2\">mi<span class=\"_ _1\"></span><span class=\"ls0\">lioni, si riferisce p<span class=\"_ _1\"></span>rincipalment<span class=\"_ _1\"></span>e alle attivit\u00e0 edit<span class=\"_ _1\"></span>oriali di Cairo Editore, d<span class=\"_ _1\"></span>i La7 e </span></span>del <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _a\"> </span>RCS. <span class=\"_ _12\"> </span><span class=\"ff22\">L\u2019incr</span>emento <span class=\"_ _12\"> </span>di <span class=\"_ _a\"> </span>Euro <span class=\"_\"> </span>2<span class=\"_ _2\"></span>9,8 <span class=\"_\"> </span>m<span class=\"_ _1\"></span>ilioni <span class=\"_ _12\"> </span>rispe<span class=\"_ _1\"></span>tto <span class=\"_ _12\"> </span>all\u2019anno <span class=\"_ _a\"> </span>precedente <span class=\"_ _12\"> </span>risulta <span class=\"_ _a\"> </span>principalmente attribuibile al<span class=\"ff22\">l\u2019au<span class=\"_ _1\"></span>mento dei cost<span class=\"_ _1\"></span>i di <span class=\"ff1f\">approvvigiona<span class=\"_ _1\"></span>mento delle ma<span class=\"_ _1\"></span>terie prime.<span class=\"_ _1\"></span> </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=\"ls6\">di</span> <span class=\"_ _3\"></span>consumo <span class=\"_ _3\"></span>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=\"_ _3\"></span>Euro 98,8 milioni. 5. <span class=\"_ _2\"></span>Costi<span class=\"_ _1\"></span> pe<span class=\"_ _1\"></span>r <span class=\"_ _1\"></span>ser<span class=\"_ _2\"></span>vizi Nella <span class=\"_ _0\"></span>voce <span class=\"_ _0\"></span><span class=\"ff22\">\u201ccosti<span class=\"ff1f\"> <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span><span class=\"ff22\">servizi\u201d<span class=\"ff1f\"> <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nclusi <span class=\"_ _0\"></span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>costi <span class=\"_ _0\"></span>diretti <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>concessionarie, <span class=\"_ _0\"></span>lavorazioni <span class=\"_ _11\"></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>collaborazioni <span class=\"_ _4\"> </span>pr<span class=\"_ _3\"></span>incipalmen<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>del <span class=\"_ _11\"></span>border\u00f2, <span class=\"_ _11\"></span>costi <span class=\"_ _6\"></span>relativi <span class=\"_ _11\"></span>alla <span class=\"_ _6\"></span>attivit\u00e0 televisiva, <span class=\"_ _e\"></span>costi <span class=\"_ _6\"></span>promozion<span class=\"_ _1\"></span>ali <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>costi <span class=\"_ _11\"></span>generali <span class=\"_ _11\"></span>ed <span class=\"_ _11\"></span>amministrativi. <span class=\"_ _11\"></span>La <span class=\"_ _11\"></span>composizione <span class=\"_ _e\"></span>dei<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>costi <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>servizi <span class=\"_ _11\"></span>\u00e8 <span class=\"_ _11\"></span>la seguente: De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne2022<span class=\"_ _b0\"> </span>2021Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>a3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8e\"> </span>41<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>9P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>stazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>fes<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>amm<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>strati<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i3<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8e\"> </span>34<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5Co<span class=\"_ _2\"></span>nsu<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>abo<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>edi<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8e\"> </span>36<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5Lav<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>raz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>terne6<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _8e\"> </span>70<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6Sp<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>traspo<span class=\"_ _2\"></span>rto1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>7<span class=\"_ _b0\"> </span>11<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>1P<span class=\"_ _3\"></span>rog<span class=\"_ _2\"></span>ramm<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>app<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>to2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _8e\"> </span>20<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>stazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>fes<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>nal<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>rti<span class=\"_ _2\"></span>sti<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre con<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> te<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ev<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1a6\"> </span>8,<span class=\"_ _2\"></span>7Ri<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>tro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>tagg<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> op<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> este<span class=\"_ _3\"></span>rn<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>ve0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _e3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>7Serv<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>form<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> news <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>spo<span class=\"_ _2\"></span>rt e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>gen<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>ve1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _e3\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4Serv<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> tra<span class=\"_ _3\"></span>sm<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ssi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _0\"></span>va0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _e3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2Rea<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _1\"></span>rafi<span class=\"_ _2\"></span>che tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _e3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5Co<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>egam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> o<span class=\"_ _2\"></span>pera<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> este<span class=\"_ _3\"></span>rn<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>ve1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _e3\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0 e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e4<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _8e\"> </span>39<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>gen<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>8<span class=\"_ _8e\"> </span>92<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>i4<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _22\"> </span>46<span class=\"_ _3\"></span>7<span class=\"_ _e\"></span>,1La<span class=\"ls0\"> voce, pari <span class=\"ls3\">ad</span> <span class=\"_ _3\"></span>Euro 479,5<span class=\"_ _1\"></span> milioni (Euro 467,1 milion<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> nel 2021<span class=\"ls5\">),</span> present<span class=\"_ _1\"></span>a un incremento rispetto <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>periodo </span></span></span>analogo <span class=\"ff22\">dell\u2019esercizio</span> prec<span class=\"_ _1\"></span>edente <span class=\"ls6\">di<span class=\"_ _3\"></span></span> Euro 12,4 milioni. <span class=\"_ _11\"></span>In <span class=\"_ _11\"></span>crescita <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>13,6 <span class=\"_ _11\"></span>milioni <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>voce<span class=\"_ _3\"></span> altri <span class=\"_ _11\"></span>costi <span class=\"_ _11\"></span>di struttura e <span class=\"_ _1\"></span>generali pr<span class=\"_ _1\"></span>incipalmente <span class=\"_ _2\"></span>per<span class=\"_ _3\"></span> <span class=\"ff22\">l\u2019increm</span>ent<span class=\"_ _1\"></span>o <span class=\"ff22\">dei <span class=\"_ _1\"></span>costi per l<span class=\"_ _1\"></span>\u2019approvvig<span class=\"_ _1\"></span>ionamento en<span class=\"_ _1\"></span>ergetico (<span class=\"_ _1\"></span>+Euro 7,<span class=\"_ _1\"></span>2 </span>milioni <span class=\"_ _12\"> </span>rispetto <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>2021) <span class=\"_ _12\"> </span><span class=\"ls4\">e <span class=\"_ _12\"> </span></span>dei <span class=\"_\"> </span>cost<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>p<span class=\"_ _1\"></span>roduzione<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>televisiva <span class=\"_ _12\"> </span>delle <span class=\"_ _12\"> </span>corse <span class=\"_ _12\"> </span>ciclistiche <span class=\"_ _12\"> </span>realizzate <span class=\"_ _12\"> </span>dal <span class=\"_ _12\"> </span>2022 direttamente da RCS S<span class=\"_ _1\"></span>port <span class=\"_ _1\"></span>S.p.A. Sono <span class=\"_ _e\"></span>continuate <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>azioni <span class=\"_ _e\"></span>legate <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>conteniment<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>costi <span class=\"_ _11\"></span><span class=\"ff22\">e <span class=\"_ _e\"></span>recupero <span class=\"_ _e\"></span>dell\u2019effici<span class=\"_ _1\"></span>enza, <span class=\"_ _e\"></span>affiancati<span class=\"ff1f\"> <span class=\"ls6\">da</span> <span class=\"_ _1\"></span>interventi </span></span>straordinari <span class=\"_ _0\"></span>effettuati <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>ad<span class=\"_ _1\"></span>eguare <span class=\"_ _2\"></span>tempest<span class=\"_ _1\"></span>ivamente <span class=\"_ _0\"></span>l\u2019organizzazione azienda<span class=\"_ _1\"></span>le al mutato con<span class=\"_ _1\"></span>testo. 6. <span class=\"_ _2\"></span>Costi<span class=\"_ _1\"></span> pe<span class=\"_ _1\"></span>r <span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>dime<span class=\"_ _2\"></span>nto be<span class=\"_ _2\"></span>ni di<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>erz<span class=\"_ _2\"></span>i La voce, <span class=\"_ _2\"></span>pari <span class=\"_ _1\"></span>ad Eu<span class=\"_ _2\"></span>ro 28,1 <span class=\"_ _2\"></span>milioni (Euro <span class=\"_ _2\"></span>31,8 <span class=\"_ _1\"></span>milioni <span class=\"_ _2\"></span>al<span class=\"_ _3\"></span> 31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></span>2021)<span class=\"_ _3\"></span>, <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _2\"></span>prevalentemente <span class=\"_ _1\"></span>costi <span class=\"_ _2\"></span>per diritti <span class=\"_ _a\"> </span>giornalistici, <span class=\"_ _a\"> </span>sportivi <span class=\"_ _12\"> </span>e <span class=\"_ _a\"> </span>per <span class=\"_ _12\"> </span>progr<span class=\"_ _1\"></span>ammi <span class=\"_ _a\"> </span>televisivi <span class=\"_ _12\"> </span>e <span class=\"_ _a\"> </span>royalties <span class=\"_ _a\"> </span>per <span class=\"_ _12\"> </span>diritti <span class=\"_ _a\"> </span>di <span class=\"_ _12\"> </span>au<span class=\"_ _1\"></span>tore <span class=\"_ _a\"> </span>nonch\u00e9 <span class=\"_ _12\"> </span>canoni <span class=\"_ _a\"> </span>di locazione <span class=\"_ _2\"></span>relativi <span class=\"_ _2\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>contratt<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>leasing sho<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>t <span class=\"_ _1\"></span>term <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>low <span class=\"_ _2\"></span>cost, esc<span class=\"_ _1\"></span>lusi <span class=\"_ _2\"></span>dall\u2019applicazione <span class=\"_ _2\"></span>del pr<span class=\"_ _1\"></span>incipio <span class=\"_ _2\"></span>IFRS <span class=\"_ _1\"></span>16. De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1dc\"> </span><span class=\"ls57\">2022<span class=\"_ _17d\"> </span>2021</span>Affi<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _1dd\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _90\"> </span>1,<span class=\"_ _2\"></span>5Affi<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> stu<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _1de\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _6d\"> </span>-Nol<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>stru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e s<span class=\"_ _3\"></span>tu<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>evi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _1df\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _90\"> </span>0<span class=\"_ _2\"></span>,5Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>gram<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> TV<span class=\"_ _1e0\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _90\"> </span>0<span class=\"_ _2\"></span>,6Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>spo<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _1e1\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _90\"> </span>0<span class=\"_ _2\"></span>,5Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rnal<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>sti<span class=\"_ _2\"></span>ci<span class=\"_ _1e2\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _90\"> </span>3<span class=\"_ _2\"></span>,0Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>\u2019aut<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>( SIAE ,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>IMAIE ,<span class=\"_ _2\"></span> SCF<span class=\"_ _1\"></span> ,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>AFI )<span class=\"_ _1e3\"> </span><span class=\"ff1f\">3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _90\"> </span>3<span class=\"_ _2\"></span>,7</span>Ro<span class=\"_ _2\"></span>yal<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>passi<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ri<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> v<span class=\"_ _1\"></span>ari<span class=\"_ _147\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,0<span class=\"_ _1e4\"> </span>1<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per go<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ent<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ben<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>terzi<span class=\"_ _1e5\"> </span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _90\"> </span>7<span class=\"_ _2\"></span>,3To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span> g<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>dim<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nto<span class=\"_ _3\"></span> be<span class=\"_ _e\"></span>ni d<span class=\"_ _1\"></span>i te<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _19c\"> </span>28<span class=\"_ _3\"></span>,1<span class=\"_ _49\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _e\"></span>,8La voce include cos<span class=\"_ _1\"></span>ti per godimento di beni <span class=\"_ _1\"></span>di terzi riconduci<span class=\"_ _1\"></span>bili al Gruppo RC<span class=\"_ _1\"></span>S per Euro 18,5 milioni (Euro<span class=\"_ _2\"></span> 21,7 m<span class=\"_ _1\"></span>ilioni n<span class=\"_ _2\"></span>el<span class=\"_ _3\"></span> 202<span class=\"_ _1\"></span>1) <span class=\"_ _1\"></span>costituiti <span class=\"_ _2\"></span>principalmente <span class=\"_ _2\"></span>da diritti <span class=\"_ _1\"></span>letterari, <span class=\"_ _1\"></span><span class=\"ff24\">royalties<span class=\"ff1f\"> <span class=\"_ _2\"></span>passive e <span class=\"_ _2\"></span>fotoservizi per <span class=\"_ _2\"></span>Euro 12,3 </span></span>milioni (Euro 13,8 <span class=\"_ _1\"></span>milioni nel 20<span class=\"_ _1\"></span>21<span class=\"ls5\">).</span> 7. <span class=\"_ _2\"></span>Costi<span class=\"_ _1\"></span> de<span class=\"_ _2\"></span>l per<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nale<span class=\"_ _1\"></span> La voce pu\u00f2 <span class=\"_ _3\"></span>essere dettagliata come <span class=\"_ _3\"></span>segue<span class=\"_ _1\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _1e6\"> </span><span class=\"ls58\">2022<span class=\"_ _36\"> </span>2021</span>Sal<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>sti<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _1e7\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>7<span class=\"_ _27\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0On<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span> soci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _194\"> </span>7<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>4<span class=\"_ _1e8\"> </span>7<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Trattam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> fi<span class=\"_ _0\"></span>ne ra<span class=\"_ _3\"></span>pp<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>rto<span class=\"_ _130\"> </span>11<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1e8\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span> perso<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _1e9\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _5e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6Totale<span class=\"_ _e\"></span> co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti de<span class=\"_ _e\"></span>l pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>le<span class=\"_ _46\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _24\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2I <span class=\"_ _e\"></span>cos<span class=\"_ _3\"></span>ti <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>personale <span class=\"_ _11\"></span>ammontano <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>3<span class=\"_ _3\"></span>17,4 <span class=\"_ _e\"></span>milioni <span class=\"_ _11\"></span>(Euro <span class=\"_ _11\"></span>325,2 <span class=\"_ _11\"></span>milioni <span class=\"_ _11\"></span>nel <span class=\"_ _11\"></span>2021<span class=\"ls5\">) <span class=\"_ _11\"></span></span>e <span class=\"_ _6\"></span>includono <span class=\"_ _e\"></span>costi <span class=\"_ _11\"></span>del personale riconduc<span class=\"_ _1\"></span>ibili al Gruppo RC<span class=\"_ _1\"></span>S per Eu<span class=\"_ _1\"></span>ro 240,1 milio<span class=\"_ _1\"></span>ni (Euro 245,4 <span class=\"_ _1\"></span>milioni<span class=\"_ _1\"></span> nel 2021) La <span class=\"_ _2\"></span>voce <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _2\"></span>oneri <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>ricorrenti <span class=\"_ _2\"></span>legati <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>processo <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>riorganizzaz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>aziendale <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro 1,5 <span class=\"_ _2\"></span>milioni <span class=\"_ _2\"></span>(Euro<span class=\"_ _1\"></span> 3,6 milioni nel 2021<span class=\"_ _1\"></span>). 8. <span class=\"_ _2\"></span>Ammor<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti,<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>anto<span class=\"_ _2\"></span>namen<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> e <span class=\"_ _1\"></span>sv<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>ioni La voce si compone <span class=\"_ _1\"></span>come se<span class=\"_ _2\"></span>gue:<span class=\"_ _1\"></span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _1ea\"> </span><span class=\"ls59\">2022<span class=\"_ _27\"> </span>2021</span>Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>ateri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _1df\"> </span>3<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>4<span class=\"_ _49\"> </span>32<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pi<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> m<span class=\"_ _1\"></span>ac<span class=\"_ _3\"></span>chi<span class=\"_ _0\"></span>nari<span class=\"_ _1eb\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _5e\"> </span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>\u2019uso<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>su b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _144\"> </span><span class=\"ff1f\">26<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _49\"> </span>26<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4</span>Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _48\"> </span>0,<span class=\"_ _2\"></span>9<span class=\"_ _5e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>nam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> fon<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> s<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ta<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _1ec\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _5e\"> </span>0,<span class=\"_ _2\"></span>9Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>nam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ai<span class=\"_ _2\"></span> fon<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ed o<span class=\"_ _2\"></span>neri<span class=\"_ _1ed\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _5e\"> </span>7,<span class=\"_ _2\"></span>5Totale<span class=\"_ _e\"></span> a<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mor<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span>, accan<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span>na<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span> e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ioni<span class=\"_ _1ee\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,8<span class=\"_ _93\"> </span>76<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2La<span class=\"ls0\"> <span class=\"_ _2\"></span>voce, <span class=\"_ _2\"></span>par<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span><span class=\"ls4\">ad<span class=\"ls0\"> <span class=\"_ _2\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>77,8 <span class=\"_ _0\"></span>milioni <span class=\"_ _2\"></span>(Euro <span class=\"_ _2\"></span>76,2 <span class=\"_ _0\"></span>milioni <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>2021) <span class=\"_ _0\"></span>mostra <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"_ _1\"></span><span class=\"ls0\">cremento <span class=\"_ _0\"></span>di <span class=\"_ _2\"></span>Euro 1,6 milioni. </span></span></span></span></span>L\u2019applicazione<span class=\"ff1f\"> <span class=\"_ _16\"> </span></span>dell\u2019IFRS <span class=\"_ _16\"> </span>16 <span class=\"_ _4\"> </span>ha <span class=\"_ _16\"> </span>comportato <span class=\"_ _f\"> </span>ammortamen<span class=\"_ _1\"></span>ti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>26<span class=\"ls6\">,6</span> <span class=\"_ _f\"> </span>milioni. <span class=\"_ _5\"> </span>Si <span class=\"_ _4\"> </span>ricorda <span class=\"_ _4\"> </span>che <span class=\"_ _5\"> </span>gli<span class=\"_ _2\"></span> ammo<span class=\"_ _2\"></span>rta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ricon<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>cibi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls3\">ai</span> <span class=\"_ _e\"></span>valo<span class=\"_ _2\"></span>ri <span class=\"_ _3\"></span>allo<span class=\"_ _1\"></span>ca<span class=\"_ _2\"></span>ti <span class=\"_ _e\"></span><span class=\"ls3\">ad</span> <span class=\"_ _3\"></span>att<span class=\"_ _2\"></span>ivit\u00e0<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>imm<span class=\"_ _1\"></span>ate<span class=\"_ _2\"></span>rial<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>(non<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>pre<span class=\"_ _2\"></span>ceden<span class=\"_ _2\"></span>teme<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>iscri<span class=\"_ _1\"></span>tte) <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>vita <span class=\"_ _e\"></span>utile definita <span class=\"_ _e\"></span>nell\u2019a<span class=\"_ _1\"></span>mbito <span class=\"_ _3\"></span>dell\u2019applicazione <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>c.d. <span class=\"_ _e\"></span>\u201c<span class=\"ff24\">acquisition <span class=\"_ _3\"></span>method</span>\u201d <span class=\"_ _e\"></span>all\u2019aggregazi<span class=\"_ _1\"></span>one <span class=\"_ _e\"></span>aziendale <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>sono pari, per <span class=\"ff22\">l\u2019eserciz<span class=\"_ _1\"></span>io chiuso <span class=\"_ _1\"></span>al 31 dicembre 202<span class=\"ff1f\">2, a Eur<span class=\"_ _2\"></span>o 1,9 milioni; </span></span>Gli <span class=\"_ _e\"></span>avviamenti <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span><span class=\"ls2\">le</span> <span class=\"_ _e\"></span>testate <span class=\"_ _e\"></span>aventi <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _e\"></span>indefinita <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>sono <span class=\"_ _11\"></span>sottoposte <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _11\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _11\"></span>ma <span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>verifiche almeno annuali per<span class=\"_ _1\"></span> identifi<span class=\"_ _1\"></span>care eventuali pe<span class=\"_ _1\"></span>rdite di val<span class=\"_ _1\"></span>ore. Le svalutazioni al <span class=\"_ _3\"></span>31 dicembre <span class=\"_ _3\"></span>2022 sono pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro 0,9 milioni (<span class=\"_ _3\"></span>Euro 0,1 milioni <span class=\"_ _3\"></span>nel 2021) <span class=\"_ _3\"></span>e si <span class=\"_ _3\"></span>riferiscono ad impianti pres<span class=\"_ _1\"></span>enti nel pol<span class=\"_ _1\"></span>o di stampa di Ca<span class=\"_ _1\"></span>tania. ",
   "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=\"_ _2\"></span>Costi<span class=\"_ _1\"></span> de<span class=\"_ _2\"></span>l per<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nale<span class=\"_ _1\"></span> La voce pu\u00f2 <span class=\"_ _3\"></span>essere dettagliata come <span class=\"_ _3\"></span>segue<span class=\"_ _1\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _1e6\"> </span><span class=\"ls58\">2022<span class=\"_ _36\"> </span>2021</span>Sal<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>sti<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _1e7\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>7<span class=\"_ _27\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0On<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span> soci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _194\"> </span>7<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>4<span class=\"_ _1e8\"> </span>7<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Trattam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> fi<span class=\"_ _0\"></span>ne ra<span class=\"_ _3\"></span>pp<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>rto<span class=\"_ _130\"> </span>11<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1e8\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span> perso<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _1e9\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _5e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6Totale<span class=\"_ _e\"></span> co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti de<span class=\"_ _e\"></span>l pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>na<span class=\"_ _1\"></span>le<span class=\"_ _46\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _24\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2I <span class=\"_ _e\"></span>cos<span class=\"_ _3\"></span>ti <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>personale <span class=\"_ _11\"></span>ammontano <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>3<span class=\"_ _3\"></span>17,4 <span class=\"_ _e\"></span>milioni <span class=\"_ _11\"></span>(Euro <span class=\"_ _11\"></span>325,2 <span class=\"_ _11\"></span>milioni <span class=\"_ _11\"></span>nel <span class=\"_ _11\"></span>2021<span class=\"ls5\">) <span class=\"_ _11\"></span></span>e <span class=\"_ _6\"></span>includono <span class=\"_ _e\"></span>costi <span class=\"_ _11\"></span>del personale riconduc<span class=\"_ _1\"></span>ibili al Gruppo RC<span class=\"_ _1\"></span>S per Eu<span class=\"_ _1\"></span>ro 240,1 milio<span class=\"_ _1\"></span>ni (Euro 245,4 <span class=\"_ _1\"></span>milioni<span class=\"_ _1\"></span> nel 2021) La <span class=\"_ _2\"></span>voce <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _2\"></span>oneri <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>ricorrenti <span class=\"_ _2\"></span>legati <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>processo <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>riorganizzaz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>aziendale <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro 1,5 <span class=\"_ _2\"></span>milioni <span class=\"_ _2\"></span>(Euro<span class=\"_ _1\"></span> 3,6 milioni nel 2021<span class=\"_ _1\"></span>). 31. T<span class=\"_ _1\"></span>rat<span class=\"_ _2\"></span>tame<span class=\"_ _1\"></span>nto<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>ine ra<span class=\"_ _1\"></span>ppo<span class=\"_ _1\"></span>rto Il Trattamento di fin<span class=\"_ _1\"></span>e rapporto rapp<span class=\"_ _1\"></span>resenta una for<span class=\"_ _1\"></span>ma di retribuzione del p<span class=\"_ _1\"></span>ersonale a corr<span class=\"_ _1\"></span>esponsione differita, rinviata <span class=\"_ _6\"></span>alla <span class=\"_ _7\"></span>fine <span class=\"_ _6\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>rapporto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>lavoro. <span class=\"_ _6\"></span>La <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _6\"></span>relativa <span class=\"_ _7\"></span>alle <span class=\"_ _6\"></span>indennit\u00e0 <span class=\"_ _7\"></span>di <span class=\"_ _6\"></span>f<span class=\"_ _3\"></span>ine <span class=\"_ _6\"></span>rapporto <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>attualizzata secondo <span class=\"_ _3\"></span>quanto stabilito <span class=\"_ _3\"></span>dallo <span class=\"_ _3\"></span>IAS 19 <span class=\"_ _e\"></span>utilizzand<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>tasso di <span class=\"_ _e\"></span>attualizza<span class=\"_ _1\"></span>zione del <span class=\"_ _e\"></span>3,6%. <span class=\"_ _3\"></span><span class=\"ls47\">La</span> <span class=\"_ _3\"></span>composizione e <span class=\"_ _3\"></span><span class=\"ls16\">la<span class=\"_ _3\"></span></span> movimentazione<span class=\"_ _1\"></span> dell\u2019eserci<span class=\"_ _1\"></span>zio \u00e8 esposta<span class=\"_ _1\"></span> nel pro<span class=\"_ _1\"></span>spetto che s<span class=\"_ _1\"></span>egu<span class=\"_ _2\"></span>e: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione31<span class=\"_ _2\"></span>/12<span class=\"_ _2\"></span>/20<span class=\"_ _2\"></span>22<span class=\"_ _10a\"> </span>3<span class=\"_ _2\"></span>1/1<span class=\"_ _2\"></span>2/2<span class=\"_ _2\"></span>021V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ioneSa<span class=\"_ _2\"></span>ld<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>in<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>le4<span class=\"_ _3\"></span>9,<span class=\"_ _3\"></span>8<span class=\"_ _40\"> </span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,2<span class=\"_ _75\"> </span>(1<span class=\"_ _3\"></span>,4<span class=\"_ _3\"></span>)Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>nam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span><span class=\"fc0\"> a <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> e<span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co</span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _1e4\"> </span>1,<span class=\"_ _2\"></span>4<span class=\"_ _155\"> </span>(1,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)In<span class=\"_ _1\"></span>teress<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _242\"> </span><span class=\"fc1\">0,<span class=\"_ _2\"></span>2</span>P<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>te <span class=\"_ _3\"></span>(u<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>) da val<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>tazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>ttu<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span><span class=\"fc0\"> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co<span class=\"_ _1\"></span> com<span class=\"_ _2\"></span>pl<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>o</span>(3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _40\"> </span>(1<span class=\"_ _2\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _53\"> </span>(2<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1)Uti<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>/al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ov<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _40\"> </span>(1<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _53\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8)Sa<span class=\"_ _2\"></span>ld<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>le4<span class=\"_ _3\"></span>4,<span class=\"_ _3\"></span>3<span class=\"_ _40\"> </span>4<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,8<span class=\"_ _75\"> </span>(5<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)Di <span class=\"_ _6\"></span>seguito <span class=\"_ _11\"></span>si <span class=\"_ _6\"></span>evidenziano <span class=\"_ _11\"></span>gl<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>organici <span class=\"_ _11\"></span>puntuali <span class=\"_ _6\"></span>amministrativi <span class=\"_ _11\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _11\"></span>alla <span class=\"_ _7\"></span>data <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _11\"></span>202<span class=\"_ _3\"></span>2, suddivisi per qual<span class=\"_ _1\"></span>ifica e per<span class=\"_ _1\"></span> area geografic<span class=\"_ _1\"></span>a: Sono riconducibi<span class=\"_ _1\"></span>li <span class=\"ls3\">al<span class=\"_ _3\"></span></span> Gruppo <span class=\"ls30\">RCS<span class=\"_ _3\"></span></span> n. 2.932 <span class=\"_ _3\"></span>dipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span>. De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></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=\"_ _20e\"> </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=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>oneDi<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i124<span class=\"_ _36\"> </span>121<span class=\"_ _2f\"> </span><span class=\"ls0\">3</span>Quad<span class=\"_ _2\"></span>ri303<span class=\"_ _36\"> </span>304<span class=\"_ _61\"> </span><span class=\"ls0\">(1<span class=\"_ _2\"></span>)</span>Im<span class=\"_ _2\"></span>pi<span class=\"_ _2\"></span>eg<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti1<span class=\"_ _1\"></span>.81<span class=\"_ _2\"></span>8<span class=\"_ _243\"> </span>1.7<span class=\"_ _2\"></span>68<span class=\"_ _7e\"> </span><span class=\"ls72\">50</span>G<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>sti1<span class=\"_ _1\"></span>.43<span class=\"_ _2\"></span>2<span class=\"_ _243\"> </span>1.4<span class=\"_ _2\"></span>46<span class=\"_ _15b\"> </span>(14<span class=\"_ _2\"></span>)Operai183<span class=\"_ _36\"> </span>178<span class=\"_ _2f\"> </span><span class=\"ls0\">5</span>Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>ne<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>ale3.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _165\"> </span>3<span class=\"_ _3\"></span>.8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _232\"> </span><span class=\"ls73\">43</span>De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>cri<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>one31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2/2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>22<span class=\"_ _20e\"> </span>3<span class=\"_ _3\"></span>1/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>iaz<span class=\"_ _2\"></span>ioneItal<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a2<span class=\"_ _1\"></span>.7<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _e7\"> </span>2<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>70<span class=\"_ _2\"></span>3<span class=\"_ _232\"> </span><span class=\"ls74\">40</span>Estero1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>7<span class=\"_ _e7\"> </span>1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>11<span class=\"_ _2\"></span>4<span class=\"_ _7d\"> </span>3Total<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> g<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>ne<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e3.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>60<span class=\"_ _df\"> </span>3<span class=\"_ _3\"></span>.8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _8f\"> </span><span class=\"ls75\">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=\"_ _2\"></span>Ammor<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti,<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>anto<span class=\"_ _2\"></span>namen<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> e <span class=\"_ _1\"></span>sv<span class=\"_ _1\"></span>alu<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>ioni La voce si compone <span class=\"_ _1\"></span>come se<span class=\"_ _2\"></span>gue:<span class=\"_ _1\"></span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _1ea\"> </span><span class=\"ls59\">2022<span class=\"_ _27\"> </span>2021</span>Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>ateri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _1df\"> </span>3<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>4<span class=\"_ _49\"> </span>32<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pi<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> m<span class=\"_ _1\"></span>ac<span class=\"_ _3\"></span>chi<span class=\"_ _0\"></span>nari<span class=\"_ _1eb\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _5e\"> </span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>\u2019uso<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>su b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g<span class=\"_ _144\"> </span><span class=\"ff1f\">26<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _49\"> </span>26<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4</span>Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _48\"> </span>0,<span class=\"_ _2\"></span>9<span class=\"_ _5e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>nam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> fon<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> s<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ta<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _1ec\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _5e\"> </span>0,<span class=\"_ _2\"></span>9Acc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>nam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ai<span class=\"_ _2\"></span> fon<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ed o<span class=\"_ _2\"></span>neri<span class=\"_ _1ed\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _5e\"> </span>7,<span class=\"_ _2\"></span>5Totale<span class=\"_ _e\"></span> a<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mor<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span>, accan<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span>na<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span> e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ioni<span class=\"_ _1ee\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,8<span class=\"_ _93\"> </span>76<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2La<span class=\"ls0\"> <span class=\"_ _2\"></span>voce, <span class=\"_ _2\"></span>par<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span><span class=\"ls4\">ad<span class=\"ls0\"> <span class=\"_ _2\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>77,8 <span class=\"_ _0\"></span>milioni <span class=\"_ _2\"></span>(Euro <span class=\"_ _2\"></span>76,2 <span class=\"_ _0\"></span>milioni <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>2021) <span class=\"_ _0\"></span>mostra <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"_ _1\"></span><span class=\"ls0\">cremento <span class=\"_ _0\"></span>di <span class=\"_ _2\"></span>Euro 1,6 milioni. </span></span></span></span></span>L\u2019applicazione<span class=\"ff1f\"> <span class=\"_ _16\"> </span></span>dell\u2019IFRS <span class=\"_ _16\"> </span>16 <span class=\"_ _4\"> </span>ha <span class=\"_ _16\"> </span>comportato <span class=\"_ _f\"> </span>ammortamen<span class=\"_ _1\"></span>ti <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>26<span class=\"ls6\">,6</span> <span class=\"_ _f\"> </span>milioni. <span class=\"_ _5\"> </span>Si <span class=\"_ _4\"> </span>ricorda <span class=\"_ _4\"> </span>che <span class=\"_ _5\"> </span>gli<span class=\"_ _2\"></span> ammo<span class=\"_ _2\"></span>rta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>ricon<span class=\"_ _1\"></span>du<span class=\"_ _2\"></span>cibi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls3\">ai</span> <span class=\"_ _e\"></span>valo<span class=\"_ _2\"></span>ri <span class=\"_ _3\"></span>allo<span class=\"_ _1\"></span>ca<span class=\"_ _2\"></span>ti <span class=\"_ _e\"></span><span class=\"ls3\">ad</span> <span class=\"_ _3\"></span>att<span class=\"_ _2\"></span>ivit\u00e0<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>imm<span class=\"_ _1\"></span>ate<span class=\"_ _2\"></span>rial<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>(non<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>pre<span class=\"_ _2\"></span>ceden<span class=\"_ _2\"></span>teme<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>iscri<span class=\"_ _1\"></span>tte) <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>vita <span class=\"_ _e\"></span>utile definita <span class=\"_ _e\"></span>nell\u2019a<span class=\"_ _1\"></span>mbito <span class=\"_ _3\"></span>dell\u2019applicazione <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>c.d. <span class=\"_ _e\"></span>\u201c<span class=\"ff24\">acquisition <span class=\"_ _3\"></span>method</span>\u201d <span class=\"_ _e\"></span>all\u2019aggregazi<span class=\"_ _1\"></span>one <span class=\"_ _e\"></span>aziendale <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>sono pari, per <span class=\"ff22\">l\u2019eserciz<span class=\"_ _1\"></span>io chiuso <span class=\"_ _1\"></span>al 31 dicembre 202<span class=\"ff1f\">2, a Eur<span class=\"_ _2\"></span>o 1,9 milioni; </span></span>Gli <span class=\"_ _e\"></span>avviamenti <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span><span class=\"ls2\">le</span> <span class=\"_ _e\"></span>testate <span class=\"_ _e\"></span>aventi <span class=\"_ _e\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _e\"></span>indefinita <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>sono <span class=\"_ _11\"></span>sottoposte <span class=\"_ _3\"></span><span class=\"ls4\">ad</span> <span class=\"_ _11\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _11\"></span>ma <span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>verifiche almeno annuali per<span class=\"_ _1\"></span> identifi<span class=\"_ _1\"></span>care eventuali pe<span class=\"_ _1\"></span>rdite di val<span class=\"_ _1\"></span>ore. Le svalutazioni al <span class=\"_ _3\"></span>31 dicembre <span class=\"_ _3\"></span>2022 sono pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro 0,9 milioni (<span class=\"_ _3\"></span>Euro 0,1 milioni <span class=\"_ _3\"></span>nel 2021) <span class=\"_ _3\"></span>e si <span class=\"_ _3\"></span>riferiscono ad impianti pres<span class=\"_ _1\"></span>enti nel pol<span class=\"_ _1\"></span>o di stampa di Ca<span class=\"_ _1\"></span>tania. ",
   "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=\"_ _2\"></span>Altri<span class=\"_ _1\"></span> co<span class=\"_ _2\"></span>sti o<span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>i La voce pu\u00f2 <span class=\"_ _3\"></span>essere cos\u00ec detta<span class=\"_ _1\"></span>gli<span class=\"_ _2\"></span>ata: De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cr<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _1ef\"> </span><span class=\"ls5a\">2022<span class=\"_ _56\"> </span>2021</span>Tasse<span class=\"_ _3\"></span> ded<span class=\"_ _2\"></span>uci<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>agate n<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>rci<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1e3\"> </span><span class=\"ff1f\">3,<span class=\"_ _2\"></span>3<span class=\"_ _77\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1</span>Al<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>neri<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> g<span class=\"_ _1\"></span>esti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _1dc\"> </span>2<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _13d\"> </span>1<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>6Total<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>ltr<span class=\"_ _2\"></span>i c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>tivi<span class=\"_ _1f0\"> </span>2<span class=\"_ _3\"></span>5,<span class=\"_ _3\"></span>0<span class=\"_ _1f1\"> </span>1<span class=\"_ _3\"></span>6,<span class=\"_ _3\"></span>7Gli <span class=\"_ _a\"> </span>altri <span class=\"_ _a\"> </span>costi <span class=\"_ _a\"> </span>operativi, <span class=\"_ _a\"> </span><span class=\"ls2\">in</span> <span class=\"_ _a\"> </span>incremento <span class=\"_ _a\"> </span>rispetto <span class=\"_ _a\"> </span>all\u2019esercizi<span class=\"_ _1\"></span>o<span class=\"ff1f\"> <span class=\"_ _a\"> </span>precedente, <span class=\"_ _a\"> </span>includono <span class=\"_ _a\"> </span>quote asso<span class=\"_ _1\"></span>ciative, </span>contributi, spese d<span class=\"_ _1\"></span>i rappresentan<span class=\"_ _1\"></span>za, liberalit\u00e0<span class=\"_ _1\"></span> ed oneri per <span class=\"_ _1\"></span>transazioni. La voce include pe<span class=\"_ _1\"></span>r circa Euro 10 <span class=\"_ _1\"></span>milioni gli one<span class=\"_ _1\"></span>ri non ricor<span class=\"_ _1\"></span>renti imputabili al<span class=\"_ _1\"></span>la transazione de<span class=\"_ _1\"></span>l contenzioso relativo al comp<span class=\"_ _1\"></span>lesso immobil<span class=\"_ _1\"></span>iare di via Solfe<span class=\"_ _1\"></span>rino/San <span class=\"_ _1\"></span>Marco/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=\"_ _2\"></span>ltri <span class=\"_ _1\"></span>pro<span class=\"_ _1\"></span>ve<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>ti <span class=\"_ _2\"></span>(oner<span class=\"_ _2\"></span>i) da <span class=\"_ _1\"></span>att<span class=\"_ _2\"></span>ivit\u00e0<span class=\"_ _1\"></span>/pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _2\"></span>finanz<span class=\"_ _2\"></span>iarie La voce si co<span class=\"_ _3\"></span>mpone come <span class=\"_ _3\"></span>seg<span class=\"_ _1\"></span>ue:<span class=\"_ _1\"></span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1f2\"> </span><span class=\"ls5b\">2022<span class=\"_ _7b\"> </span>2021</span>P<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>enz<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>(m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>sv<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>enz<span class=\"_ _2\"></span>e) da c<span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> parteci<span class=\"_ _2\"></span>paz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _1f3\"> </span>-<span class=\"_ _1f4\"> </span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8P<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> (o<span class=\"_ _2\"></span>neri<span class=\"_ _2\"></span>) d<span class=\"_ _1\"></span>a val<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>tazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> parteci<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>etod<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> del<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>tto<span class=\"_ _1f5\"> </span>(3<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _17b\"> </span>(2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>)(Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e) <span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>o d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _153\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5)<span class=\"_ _2a\"> </span>-Total<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> al<span class=\"_ _1\"></span>tr<span class=\"_ _2\"></span>i pr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>nti (one<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>i) da<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span>/pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _1f6\"> </span>(4,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)<span class=\"_ _e7\"> </span>4,<span class=\"_ _3\"></span>6La voce <span class=\"_ _2\"></span>pari a <span class=\"_ _2\"></span>negativi <span class=\"_ _1\"></span>Eur<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>4,1 <span class=\"_ _1\"></span>milioni <span class=\"_ _2\"></span>include preval<span class=\"_ _1\"></span>entemente <span class=\"_ _2\"></span>il risultato <span class=\"_ _2\"></span>del Gr<span class=\"_ _1\"></span>uppo <span class=\"_ _1\"></span>Corpora<span class=\"_ _1\"></span>cion <span class=\"_ _1\"></span>Bermont valutato con il meto<span class=\"_ _1\"></span>do del patri<span class=\"_ _1\"></span>monio netto.<span class=\"_ _1\"></span> Nel <span class=\"_ _7\"></span>2021 <span class=\"_ _7\"></span>si <span class=\"_ _7\"></span>era <span class=\"_ _7\"></span>invece <span class=\"_ _7\"></span>realizzata <span class=\"_ _7\"></span>una <span class=\"_ _7\"></span>plusvalenza <span class=\"_ _6\"></span>pari <span class=\"_ _7\"></span>a <span class=\"_ _a\"> </span>Euro <span class=\"_ _e\"></span>7,3 <span class=\"_ _3\"></span>milioni <span class=\"_ _7\"></span>realizzata <span class=\"_ _7\"></span>con <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _7\"></span>cessione <span class=\"_ _7\"></span>della partecipata <span class=\"_ _0\"></span>spagno<span class=\"_ _1\"></span>la <span class=\"_ _0\"></span>Unidad <span class=\"_ _0\"></span>Editorial <span class=\"_ _0\"></span>Juegos <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>rte <span class=\"_ _2\"></span>compensa<span class=\"_ _1\"></span>ta <span class=\"_ _2\"></span>dalla <span class=\"_ _2\"></span>minusva<span class=\"_ _1\"></span>lenza <span class=\"_ _2\"></span>realizzata <span class=\"_ _2\"></span>con <span class=\"_ _0\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>cessione </span></span>di Informaci\u00f3n Es<span class=\"_ _1\"></span>tadio Deport<span class=\"_ _1\"></span>ivo S.A. (Euro 0,5 <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ilioni). 11. P<span class=\"_ _2\"></span>rovent<span class=\"_ _2\"></span>i e (<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>eri<span class=\"_ _1\"></span>) f<span class=\"_ _1\"></span>inanz<span class=\"_ _2\"></span>iari Gli <span class=\"_ _e\"></span>oneri <span class=\"_ _11\"></span>finanziari <span class=\"_ _e\"></span>netti <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>8,8 <span class=\"_ _11\"></span>milioni <span class=\"_ _e\"></span>(Euro <span class=\"_ _e\"></span>1<span class=\"_ _3\"></span>1,1 <span class=\"_ _11\"></span>milioni <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>2021) <span class=\"_ _11\"></span>presentano <span class=\"_ _e\"></span>un <span class=\"_ _11\"></span>decremento <span class=\"_ _e\"></span>di Euro 2,3 milion<span class=\"_ _1\"></span>i. Al <span class=\"_ _16\"> </span>miglioramento <span class=\"_ _16\"> </span>contribuiscono <span class=\"_\"> </span>i <span class=\"_ _16\"> </span>minori <span class=\"_ _f\"> </span>interessi <span class=\"_ _16\"> </span>maturati <span class=\"_\"> </span>sull\u2019indebitamento <span class=\"_\"> </span>fi<span class=\"_ _3\"></span>nanzia<span class=\"_ _1\"></span>rio <span class=\"_ _16\"> </span>netto <span class=\"_ _16\"> </span>come conseguenza <span class=\"_ _16\"> </span>sia <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>riduzione <span class=\"_ _16\"> </span>dell\u2019esposizione <span class=\"_ _16\"> </span>media, <span class=\"_ _f\"> </span>del <span class=\"_ _16\"> </span>t<span class=\"_ _3\"></span>asso <span class=\"_ _f\"> </span>di <span class=\"_ _16\"> </span>interesse, <span class=\"_ _16\"> </span>m<span class=\"_ _3\"></span>inori <span class=\"_ _16\"> </span>on<span class=\"_ _3\"></span>eri <span class=\"_ _4\"> </span>net<span class=\"_ _1\"></span>ti <span class=\"_ _f\"> </span>per attualizzazion<span class=\"_ _1\"></span>i e minori spese ban<span class=\"_ _1\"></span>carie. Si riporta di seguito <span class=\"_ _1\"></span>il dettaglio della voce <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>n esa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _1f7\"> </span><span class=\"ls5c\">2022<span class=\"_ _1f8\"> </span>2021</span>In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su c/c,<span class=\"_ _1\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _f9\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _1a6\"> </span>0,<span class=\"_ _2\"></span>1P<span class=\"_ _3\"></span>rov<span class=\"_ _2\"></span>enti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ati<span class=\"_ _1f9\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1a6\"> </span>0,<span class=\"_ _2\"></span>1Al<span class=\"_ _2\"></span>tri<span class=\"_ _1fa\"> </span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1a6\"> </span>0,<span class=\"_ _2\"></span>9To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> pr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>nti<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>i<span class=\"_ _1fb\"> </span>3<span class=\"_ _3\"></span>,4<span class=\"_ _1f\"> </span>1,<span class=\"_ _3\"></span>1In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> b<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ncari<span class=\"_ _1e7\"> </span>-<span class=\"_ _29\"> </span>-In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> su fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>amen<span class=\"_ _1\"></span>ti<span class=\"_ _1fc\"> </span>(1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8)<span class=\"_ _1fd\"> </span>(1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8)Oneri<span class=\"_ _2\"></span> su<span class=\"_ _1\"></span> deri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _1fe\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _1fd\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5)In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> su d<span class=\"_ _1\"></span>ebi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>ea<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g - IFRS<span class=\"_ _1\"></span> 16<span class=\"_ _35\"> </span>(3<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2)<span class=\"_ _1fd\"> </span>(3,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _1ff\"> </span>(6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8)<span class=\"_ _1fd\"> </span>(6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7)To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> o<span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>i<span class=\"_ _200\"> </span>(1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,2<span class=\"_ _3\"></span>)<span class=\"_ _7b\"> </span>(12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)One<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>i f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>i ne<span class=\"_ _e\"></span>tti<span class=\"_ _201\"> </span>(8<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _7b\"> </span>(11<span class=\"_ _3\"></span>,1<span class=\"_ _e\"></span>)La <span class=\"_\"> </span>voce <span class=\"_\"> </span>\u201cAltri <span class=\"_ _16\"> </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=\"_ _16\"> </span>spese <span class=\"_\"> </span>e commissioni banc<span class=\"_ _1\"></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=\"_ _2\"></span>mpost<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>del<span class=\"_ _1\"></span>l\u2019e<span class=\"_ _1\"></span>ser<span class=\"_ _2\"></span>cizio Le <span class=\"_ _e\"></span>imposte <span class=\"_ _e\"></span>dell\u2019eserci<span class=\"_ _1\"></span>zio <span class=\"_ _e\"></span>presentano <span class=\"_ _3\"></span>un <span class=\"_ _e\"></span>saldo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span><span class=\"ff1f\">4,7 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>(Euro <span class=\"_ _e\"></span>16,8 <span class=\"_ _e\"></span>milioni <span class=\"_ _3\"></span>nel <span class=\"_ _e\"></span>2021). <span class=\"_ _e\"></span>Le <span class=\"_ _e\"></span>imposte </span>dell\u2019esercizio posso<span class=\"_ _1\"></span>no esser<span class=\"_ _1\"></span>e dettagliate co<span class=\"_ _1\"></span>me segue: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _207\"> </span><span class=\"ls5d\">2022<span class=\"_ _14e\"> </span>2021</span>Ires <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>\u2019ese<span class=\"_ _3\"></span>rci<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1ff\"> </span><span class=\"ff1f\">3,<span class=\"_ _2\"></span>2<span class=\"_ _204\"> </span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9</span>Irap d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>\u2019eserc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1ff\"> </span><span class=\"ff1f\">2<span class=\"_ _2\"></span>,3<span class=\"_ _ee\"> </span>4,<span class=\"_ _2\"></span>5</span>Im<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>ste <span class=\"_ _3\"></span>anti<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>ate e<span class=\"_ _3\"></span> di<span class=\"_ _2\"></span>fferi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>e<span class=\"_ _130\"> </span>(0<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>)<span class=\"_ _208\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4Total<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> im<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>os<span class=\"_ _e\"></span>te<span class=\"_ _209\"> </span>4,<span class=\"_ _3\"></span>7<span class=\"_ _e9\"> </span>1<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8Il <span class=\"_ _2\"></span>prospetto <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>riconciliazione <span class=\"_ _2\"></span><span class=\"ls2\">tra<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019on<span class=\"_ _1\"></span>ere<span class=\"ff1f\"> <span class=\"_ _2\"></span>fiscale <span class=\"_ _2\"></span>risulta<span class=\"_ _2\"></span>nt<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>dal <span class=\"_ _2\"></span>bilancio <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019onere<span class=\"ff1f\"> <span class=\"_ _2\"></span>fis<span class=\"_ _1\"></span>cale <span class=\"_ _2\"></span>teorico pu\u00f2 ess<span class=\"_ _1\"></span>ere </span></span></span></span></span></span></span></span>analizzato co<span class=\"_ _1\"></span>me segue: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _1ea\"> </span><span class=\"ls5e\">2022<span class=\"_ _20a\"> </span>2021</span>Ri<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>tato p<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>a del<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e i<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>te<span class=\"_ _12c\"> </span>56<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _20b\"> </span>9<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,8Onere fi<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> teori<span class=\"_ _2\"></span>co<span class=\"_ _20c\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,5<span class=\"_ _e0\"> </span>2<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>2Effetti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>sca<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>egati<span class=\"_ _2\"></span> al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>dam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>\u201c<span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>rc<span class=\"_ _3\"></span>hase <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>ce <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ocati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n\u201dd<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> RCS<span class=\"_ _20d\"> </span><span class=\"ff1f\">(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _20e\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2)</span>Effetto<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>renz<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> perm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nen<span class=\"_ _2\"></span>ti<span class=\"_ _a2\"> </span>(1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7)<span class=\"_ _20e\"> </span>(8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7)Irap<span class=\"_ _20f\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _210\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5Imp<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>te<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>ll\u2019e<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>rciz<span class=\"_ _2\"></span>io <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span> e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>ite<span class=\"_ _211\"> </span><span class=\"ff21\">4,<span class=\"_ _3\"></span>7<span class=\"_ _20e\"> </span>1<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,8</span>Ai <span class=\"_ _3\"></span>fini <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>una <span class=\"_ _e\"></span>miglio<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>comprensione <span class=\"_ _3\"></span>della <span class=\"_ _e\"></span>riconcilia<span class=\"_ _1\"></span>zione <span class=\"_ _3\"></span>tra <span class=\"_ _e\"></span>l\u2019onere fiscale <span class=\"_ _e\"></span>risult<span class=\"_ _1\"></span>ante <span class=\"_ _3\"></span>dal <span class=\"_ _e\"></span>bilancio<span class=\"ff1f\"> <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span></span>l\u2019onere<span class=\"ff1f\"> </span>fiscale <span class=\"_ _1\"></span>teorico, n<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span><span class=\"ls33\">si<span class=\"ls0\"> \u00e8 <span class=\"_ _2\"></span>tenuto conto <span class=\"_ _1\"></span><span class=\"ff22\">dell\u2019IRA<span class=\"_ _1\"></span>P<span class=\"ff1f\"> <span class=\"ls2\">in<span class=\"_ _1\"></span><span class=\"ls0\"> quan<span class=\"_ _1\"></span>to, es<span class=\"_ _1\"></span>sendo <span class=\"ff22\">qu<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>ta un<span class=\"_ _1\"></span>\u2019imposta co<span class=\"_ _1\"></span>n una b<span class=\"_ _2\"></span>as<span class=\"_ _3\"></span>e i<span class=\"_ _1\"></span>mponibile<span class=\"_ _1\"></span> </span></span></span></span></span></span></span>diversa <span class=\"_ _2\"></span>dall\u2019utile <span class=\"_ _2\"></span>prima <span class=\"_ _1\"></span>delle <span class=\"_ _2\"></span>imposte, <span class=\"_ _2\"></span>genererebbe <span class=\"_ _2\"></span>effetti <span class=\"_ _2\"></span>distorsivi <span class=\"_ _2\"></span>tra <span class=\"_ _1\"></span>un <span class=\"_ _2\"></span>esercizio <span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>un <span class=\"_ _1\"></span>altro. <span class=\"_ _2\"></span>L\u2019onere <span class=\"_ _2\"></span>fiscale teorico \u00e8 stato de<span class=\"_ _1\"></span>terminato appl<span class=\"_ _1\"></span>icando l\u2019aliquot<span class=\"_ _1\"></span>a fiscale IRES vigen<span class=\"_ _1\"></span>te pari al 24%.<span class=\"_ _1\"></span> ",
   "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=\"_ _2\"></span>nforma<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span> di<span class=\"_ _2\"></span> settor<span class=\"_ _2\"></span>e P<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>ig<span class=\"_ _2\"></span>li<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>mp<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span>ns<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ne<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>l\u2019a<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>ame<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>nom<span class=\"_ _2\"></span>ic<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>ru<span class=\"_ _2\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ss<span class=\"_ _2\"></span>ib<span class=\"_ _1\"></span>il<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"ff1f\">nc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tr<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span><span class=\"ff22\">l\u2019analisi<span class=\"ff1f\"> <span class=\"_ _2\"></span>sui <span class=\"_ _2\"></span>risultati </span></span></span>conseguiti <span class=\"ff22\">nell\u2019ese<span class=\"_ _1\"></span>rcizio<span class=\"ff1f\"> a live<span class=\"_ _1\"></span>llo dei singo<span class=\"_ _1\"></span>li principali settor<span class=\"_ _1\"></span>i <span class=\"ls6\">di</span> attivit\u00e0, che sono stati identificati, in accordo </span></span>con quanto <span class=\"_ _3\"></span>previsto <span class=\"_ _3\"></span>dall\u2019IFRS 8 <span class=\"_ _3\"></span><span class=\"ff1f\">- <span class=\"_ _3\"></span><span class=\"ff24\">Segmenti <span class=\"_ _3\"></span>operativi</span>, sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>reportistica interna <span class=\"_ _3\"></span>che \u00e8 <span class=\"_ _3\"></span>regolarmente </span>rivista dal man<span class=\"_ _1\"></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=\"_ _a\"> </span>livello <span class=\"_ _a\"> </span>gestionale, <span class=\"_ _a\"> </span>il <span class=\"_ _12\"> </span>Gr<span class=\"_ _1\"></span>uppo <span class=\"_ _a\"> </span>\u00e8 <span class=\"_ _12\"> </span>o<span class=\"_ _1\"></span>rganizzato <span class=\"_ _a\"> </span>in <span class=\"_ _12\"> </span>bus<span class=\"_ _1\"></span>iness <span class=\"_ _a\"> </span>unit, <span class=\"_ _a\"> </span>alle <span class=\"_ _a\"> </span>quali <span class=\"_ _12\"> </span>corri<span class=\"_ _1\"></span>spondono <span class=\"_ _a\"> </span>proprie <span class=\"_ _a\"> </span>strutture societarie <span class=\"_ _11\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>aggregaz<span class=\"_ _1\"></span>ioni <span class=\"_ _6\"></span>delle <span class=\"_ _11\"></span>stesse, <span class=\"_ _11\"></span>in <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>ai <span class=\"_ _11\"></span>prodotti <span class=\"_ _11\"></span>e <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>offerti <span class=\"_ _11\"></span>e <span class=\"_ _6\"></span>presenta <span class=\"_ _11\"></span>sei <span class=\"_ _6\"></span>settori <span class=\"_ _11\"></span>operativi oggetto di inform<span class=\"_ _1\"></span>ativa, di seguito de<span class=\"_ _1\"></span>ttagliati: <span class=\"ff21 fs7 fc0\">Editoria <span class=\"_ _1\"></span>periodic<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>Cairo E<span class=\"_ _2\"></span>ditore<span class=\"_ _3\"></span><span class=\"ff1f\">, <span class=\"_ _2\"></span>il Gr<span class=\"_ _1\"></span>uppo <span class=\"_ _2\"></span>opera <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>qualit\u00e0 <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>editore <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>periodic<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>e l<span class=\"_ _1\"></span>ibri <span class=\"_ _2\"></span>attraverso<span class=\"_ _3\"></span> <span class=\"ls2\">le</span> <span class=\"_ _3\"></span>societ\u00e0 </span></span>controllate <span class=\"_ _12\"> </span>(i) <span class=\"_ _12\"> </span>Cairo <span class=\"_ _a\"> </span>Editore <span class=\"_ _12\"> </span>- <span class=\"_ _12\"> </span>che <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>corso <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>20<span class=\"_ _1\"></span>09 <span class=\"_ _12\"> </span>ha <span class=\"_ _12\"> </span>incorporato <span class=\"_ _11\"></span>la <span class=\"_ _6\"></span>Editoriale <span class=\"_ _6\"></span>Giorgio <span class=\"_ _11\"></span>Mondadori <span class=\"_ _6\"></span>e pubblica <span class=\"_ _e\"></span>i <span class=\"_ _11\"></span>settimanali <span class=\"_ _e\"></span>\u201cSettimanale <span class=\"_ _e\"></span>DIPIU\u2019\u201d, <span class=\"_ _e\"></span>\u201cDIPIU\u2019 <span class=\"_ _e\"></span>TV\u201d <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>gli <span class=\"_ _11\"></span>allegati <span class=\"_ _e\"></span>\u201cSettimanale <span class=\"_ _e\"></span>DIPIU<span class=\"_ _1\"></span>\u2019 <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>DIPIU\u2019TV<span class=\"_ _e\"></span><span class=\"ff1f\"> </span>Cucina <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>Stellare\u201d, <span class=\"_ _16\"> </span>\u201cDiva <span class=\"_ _16\"> </span>e <span class=\"_ _f\"> </span>Donna\u201d, <span class=\"_ _16\"> </span>l\u2019allegato <span class=\"_ _f\"> </span>qu<span class=\"ls0\">indicinale <span class=\"_ _12\"> </span></span>\u201cCucina<span class=\"ff1f\"> <span class=\"_ _16\"> </span></span>Mia\u201d<span class=\"ff1f\">, <span class=\"_ _12\"> </span></span>\u201cTV<span class=\"ff1f\"> <span class=\"_ _12\"> </span></span>Mia\u201d,<span class=\"ff1f\"> <span class=\"_\"> </span></span>\u201cNuovo\u201d<span class=\"_ _2\"></span>,<span class=\"ff1f\"> <span class=\"_\"> </span></span>\u201cF\u201d,<span class=\"ff1f\"> </span>\u201cSettimanale<span class=\"ff1f\"> </span>Giallo\u201d,<span class=\"ff1f\"> <span class=\"_ _3\"></span></span>\u201cNuovo <span class=\"_ _e\"></span>TV\u201d<span class=\"ff1f\">, <span class=\"_ _11\"></span></span>\u201c<span class=\"ff1f\">Enigmistica <span class=\"_ _11\"></span>Pi\u00f9</span>\u201d<span class=\"ff1f\">, <span class=\"_ _11\"></span></span>\u201c<span class=\"ff1f\">Enigmist<span class=\"_ _1\"></span>ica <span class=\"_ _11\"></span>Mia <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>m<span class=\"_ _3\"></span>ensili <span class=\"_ _e\"></span><span class=\"ff22\">\u201cFor</span> <span class=\"_ _11\"></span><span class=\"ff22\">Men <span class=\"_ _11\"></span>Magazine\u201d,</span> </span>\u201cNatural<span class=\"ff1f\"> <span class=\"_ _3\"></span></span>Style\u201d,<span class=\"ff1f\"> </span>Bell\u2019Italia\u201d,<span class=\"ff1f\"> </span>\u201cBell\u2019Europa\u201d,<span class=\"ff1f\"> </span>\u201cIn<span class=\"ff1f\"> <span class=\"_ _3\"></span></span>Viaggio\u201d,<span class=\"ff1f\"> <span class=\"_ _3\"></span></span>\u201cAirone\u201d,<span class=\"ff1f\"> </span>\u201cGardenia\u201d, <span class=\"_ _e\"></span>\u201cArte\u201d <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>\u201cAntiquaria<span class=\"_ _1\"></span>to\u201d, <span class=\"_ _e\"></span>e (ii) Cairo Publish<span class=\"_ _1\"></span>ing, che pubbl<span class=\"_ _1\"></span>ica libri; <span class=\"ff21 fs7 fc0\">Concessionarie <span class=\"_ _e\"></span><span class=\"ls5f\">di<span class=\"_ _3\"></span></span> <span class=\"_ _e\"></span>pubblicit\u00e0<span class=\"ff1f\">, <span class=\"_ _e\"></span>il <span class=\"_ _11\"></span>settore <span class=\"_ _e\"></span>include <span class=\"_ _e\"></span>le <span class=\"_ _11\"></span>due <span class=\"_ _11\"></span>societ\u00e0 <span class=\"_ _e\"></span>Cairo <span class=\"_ _e\"></span>Communication <span class=\"_ _e\"></span>S.p.A. <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>CAIRORC<span class=\"_ _1\"></span>S </span></span>Media S.p.A., ed <span class=\"_ _3\"></span>opera nella raccolta pubblicitari<span class=\"_ _1\"></span>a <span class=\"_ _15\"> </span>sul mezzo stampa per<span class=\"_ _3\"></span> le testate cartacee <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>online di RCS, per <span class=\"_ _e\"></span>le <span class=\"_ _3\"></span>testate <span class=\"_ _3\"></span>periodiche <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>Cairo <span class=\"_ _e\"></span>Ed<span class=\"_ _1\"></span>itore<span class=\"ff24\">, <span class=\"_ _e\"></span></span>nella <span class=\"_ _3\"></span>raccolta <span class=\"_ _3\"></span>pubblicitaria <span class=\"_ _e\"></span>sul <span class=\"_ _3\"></span>mezzo <span class=\"_ _3\"></span>TV <span class=\"_ _3\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>canali <span class=\"_ _e\"></span>La7 <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>La7d,<span class=\"_ _1\"></span> per <span class=\"_ _e\"></span>la <span class=\"_ _3\"></span>vendita <span class=\"_ _e\"></span>degli <span class=\"_ _3\"></span>spazi <span class=\"_ _e\"></span>pubbl<span class=\"_ _1\"></span>icitari <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>bordo <span class=\"_ _3\"></span>campo pr<span class=\"_ _3\"></span>esso <span class=\"_ _3\"></span><span class=\"ls2\">lo</span> <span class=\"_ _3\"></span>stadio <span class=\"_ _3\"></span>Olimpico <span class=\"_ _e\"></span><span class=\"ls6\">di</span> <span class=\"_ _e\"></span>Torino <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls2\">il</span> <span class=\"_ _3\"></span>Torino <span class=\"_ _e\"></span>FC <span class=\"_ _3\"></span>e per la raccolta pub<span class=\"_ _1\"></span>blicitaria<span class=\"_ _1\"></span> di alcuni altri <span class=\"_ _1\"></span>editori terzi; <span class=\"ff21 fs7 fc0\">Editoria televisiva La7 e operatore<span class=\"_ _1\"></span> <span class=\"ls27\">di</span> rete<span class=\"ff1f\">, il settore include La7 S.p.A., che opera come editore televisivo, </span></span>pubblicando <span class=\"_ _2\"></span>le e<span class=\"_ _1\"></span>mittenti <span class=\"_ _2\"></span>La7 e <span class=\"_ _2\"></span>La7d <span class=\"_ _2\"></span>Cairo <span class=\"_ _1\"></span>Network <span class=\"_ _2\"></span>S.r.l. <span class=\"_ _2\"></span>che, <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>corso <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>2014, <span class=\"_ _2\"></span><span class=\"ls6\">ha<span class=\"ls0\"> <span class=\"_ _2\"></span>partecipato <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>procedura </span></span>indetta <span class=\"_ _2\"></span>dal <span class=\"_ _2\"></span>Minis<span class=\"_ _1\"></span>tero <span class=\"_ _2\"></span>dello <span class=\"_ _2\"></span>Sviluppo <span class=\"_ _2\"></span>Econo<span class=\"_ _1\"></span>mico <span class=\"_ _2\"></span>aggiudican<span class=\"_ _1\"></span>dosi <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>diritti <span class=\"_ _2\"></span><span class=\"ff22\">d\u2019uso <span class=\"_ _2\"></span>di<span class=\"ff1f\"> <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>lott<span class=\"_ _3\"></span>o <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>frequenze <span class=\"_ _2\"></span><span class=\"ff22\">(\u201cMux\u201d).<span class=\"ff1f\"> </span></span></span></span></span></span>Con <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019<span class=\"_ _3\"></span>acquisto<span class=\"ff1f\"> <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span>Mux, <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>Gruppo Cairo <span class=\"_ _2\"></span>Communicat<span class=\"_ _1\"></span>ion <span class=\"_ _1\"></span>\u00e8 diventato a<span class=\"_ _1\"></span>ttivo anche com<span class=\"_ _1\"></span>e operatore di <span class=\"_ _1\"></span>rete; </span></span></span></span><span class=\"ff21 fs7 fc0 ls15\">RCS<span class=\"ff1f ls0\">, <span class=\"_ _0\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>entra<span class=\"_ _1\"></span>to, <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>2016, <span class=\"_ _0\"></span>nel <span class=\"_ _212\"></span>settore <span class=\"_ _212\"></span><span class=\"ff22\">dell\u2019editoria<span class=\"ff1f\"> <span class=\"_ _212\"></span>quotidiana, <span class=\"_ _2\"></span>con <span class=\"ff22\">l\u2019acquisizione</span> de<span class=\"_ _1\"></span>l controllo di RCS.<span class=\"_ _1\"></span> </span></span></span></span></span></span>RCS, <span class=\"_ _16\"> </span>di<span class=\"_ _3\"></span>rettamente <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>attraverso <span class=\"_ _f\"> </span><span class=\"ls2\">le</span> <span class=\"_ _f\"> </span>sue <span class=\"_ _f\"> </span>controllate, <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _12\"> </span>attiva <span class=\"_ _12\"> </span>in <span class=\"_ _12\"> </span>Italia <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>in <span class=\"_\"> </span>Sp<span class=\"_ _1\"></span>agna <span class=\"_ _12\"> </span>nella <span class=\"_ _12\"> </span>pubblicazi<span class=\"_ _1\"></span>one <span class=\"_ _12\"> </span>e commercializzaz<span class=\"_ _1\"></span>ione <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>q<span class=\"_ _1\"></span>uotidiani, <span class=\"_ _12\"> </span>periodici <span class=\"_ _5\"> </span>(settimanali <span class=\"_ _4\"> </span>e <span class=\"_ _5\"> </span>mensili), <span class=\"_ _5\"> </span>nella <span class=\"_ _4\"> </span>r<span class=\"_ _3\"></span>elativa <span class=\"_ _5\"> </span>attivit\u00e0 <span class=\"_ _4\"> </span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _5\"> </span>raccolta pubblicitaria <span class=\"_ _a\"> </span><span class=\"ls33\">su</span> <span class=\"_ _12\"> </span>stampa<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>e <span class=\"_ _e\"></span>online <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>Spagna, <span class=\"_ _11\"></span>e <span class=\"_ _11\"></span>nella <span class=\"_ _11\"></span>distribuz<span class=\"_ _1\"></span>ione <span class=\"_ _11\"></span>editoriale <span class=\"_ _e\"></span>nel <span class=\"_ _11\"></span>canale <span class=\"_ _e\"></span>delle <span class=\"_ _11\"></span>edicole. <span class=\"_ _11\"></span>RCS <span class=\"_ _e\"></span>\u00e8 inoltre <span class=\"_ _2\"></span>marginalmente <span class=\"_ _2\"></span>attiva, <span class=\"_ _2\"></span>in Ita<span class=\"_ _1\"></span>lia, <span class=\"_ _2\"></span>nel <span class=\"_ _1\"></span>mercato <span class=\"_ _2\"></span>della <span class=\"ff24\">pay <span class=\"_ _2\"></span>tv<span class=\"ff1f\">, <span class=\"_ _2\"></span>con <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>canali <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>elevisi<span class=\"_ _1\"></span>vi <span class=\"_ _1\"></span>satellitar<span class=\"ls2\">i <span class=\"_ _2\"></span><span class=\"ff24 ls0\">Caccia <span class=\"_ _2\"></span>e P<span class=\"_ _2\"></span>esca </span></span></span></span>e attraverso le web <span class=\"_ _1\"></span>tv del C<span class=\"_ _1\"></span>orriere della Se<span class=\"_ _1\"></span>ra e della Gazze<span class=\"_ _1\"></span>tta dello Spor<span class=\"_ _1\"></span>t. In <span class=\"_ _1\"></span>Spagna <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>presente <span class=\"_ _2\"></span>con la <span class=\"_ _2\"></span>prima rad<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>sportiva <span class=\"_ _1\"></span>naz<span class=\"_ _1\"></span>ionale <span class=\"ff24\">Rad<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>Marca<span class=\"ff1f\">, <span class=\"_ _2\"></span>con la <span class=\"_ _1\"></span>web <span class=\"_ _2\"></span>tv di E<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Mundo <span class=\"_ _2\"></span>ed emette<span class=\"_ _1\"></span> </span></span>attraverso il <span class=\"_ _1\"></span>multiplex Veo <span class=\"_ _1\"></span>i due canali di <span class=\"_ _1\"></span>tv digitale <span class=\"ff24\">GOL Televis<span class=\"_ _1\"></span>ion <span class=\"ff1f ls3\">e </span>Discovery max<span class=\"ff1f\">. </span></span>RCS <span class=\"_ _2\"></span>organizza, <span class=\"_ _2\"></span>inoltre, <span class=\"_ _2\"></span>attraverso <span class=\"_ _2\"></span>RCS <span class=\"_ _2\"></span>Sport <span class=\"_ _2\"></span>ed R<span class=\"_ _1\"></span>CS <span class=\"_ _2\"></span>Sports <span class=\"_ _2\"></span>&amp; <span class=\"_ _2\"></span>Events <span class=\"_ _1\"></span>eventi <span class=\"_ _2\"></span>sportivi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>significativa <span class=\"_ _2\"></span>rilevanza<span class=\"_ _1\"></span> a <span class=\"_ _2\"></span>livello <span class=\"_ _0\"></span>mondiale <span class=\"_ _2\"></span>(<span class=\"ff24\">inter <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>lia: <span class=\"_ _2\"></span><span class=\"ff1f ls2\">il <span class=\"_ _0\"></span><span class=\"ff25 ls0\">Giro <span class=\"_ _2\"></span>d\u2019Ital<span class=\"_ _1\"></span>ia<span class=\"ff22\">, <span class=\"_ _2\"></span>l\u2019<span class=\"ff24\">UAE <span class=\"_ _0\"></span>Tour<span class=\"ff1f\">, <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span><span class=\"ff24\">Milano <span class=\"_ _0\"></span>City <span class=\"_ _2\"></span>Maratho<span class=\"_ _1\"></span>n<span class=\"ff1f\">) <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>si <span class=\"_ _0\"></span>propone <span class=\"_ _2\"></span>come <span class=\"_ _0\"></span><span class=\"ff24\">partner </span></span></span></span></span></span></span></span></span>per l\u2019ideazione e <span class=\"_ _1\"></span>l\u2019organizz<span class=\"_ _1\"></span>azione di eve<span class=\"_ _1\"></span>nti attraverso <span class=\"_ _1\"></span>RCS Live.<span class=\"ff1f\"> </span>Con <span class=\"_ _2\"></span><span class=\"ff24\">Solferino <span class=\"_ _2\"></span>- <span class=\"_ _2\"></span><span class=\"ff1f\">i <span class=\"_ _2\"></span>libri <span class=\"_ _2\"></span>del <span class=\"_ _1\"></span><span class=\"ff24\">Corriere <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>Sera <span class=\"_ _2\"></span><span class=\"ff1f ls30\">RCS<span class=\"ls0\"> <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>attiva <span class=\"_ _2\"></span><span class=\"ff22\">nell\u2019editoria<span class=\"ff1f\"> <span class=\"_ _2\"></span>libraria <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>partire <span class=\"_ _2\"></span>da <span class=\"_ _1\"></span>marzo <span class=\"_ _2\"></span>2019 opera<span class=\"_ _1\"></span> </span></span></span></span></span></span></span>RCS Academy la nu<span class=\"_ _1\"></span>ova Bus<span class=\"_ _1\"></span>iness School del g<span class=\"_ _1\"></span>ruppo RCS; 2022E<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>a Co<span class=\"_ _2\"></span>nces<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iona<span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>eE<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>a <span class=\"_ _2\"></span>tel<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a RCSI<span class=\"_ _2\"></span>nf<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>e no<span class=\"_ _2\"></span>n T<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le(V<span class=\"_ _0\"></span>alori<span class=\"_ _2\"></span> i<span class=\"_ _1\"></span>n m<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>E<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>ro)p<span class=\"_ _2\"></span>eri<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i L<span class=\"_ _2\"></span>a7 e op<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>ore d<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>oca<span class=\"_ _1\"></span>teCa<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ro <span class=\"_ _1\"></span>E<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>rere<span class=\"_ _3\"></span>teRicav<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>i net<span class=\"_ _1\"></span>ti<span class=\"_ _b5\"> </span>79<span class=\"_ _3\"></span>,5<span class=\"_ _213\"> </span>3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _68\"> </span>11<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,8<span class=\"_ _a9\"> </span>8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,0<span class=\"_ _1a\"> </span>(3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,9)<span class=\"_ _18\"> </span>1<span class=\"_ _3\"></span>.06<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0V<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> r<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _214\"> </span>0<span class=\"_ _1\"></span>,0<span class=\"_ _7b\"> </span><span class=\"fc0\">-<span class=\"_ _f0\"> </span>-<span class=\"_ _15c\"> </span></span>2,<span class=\"_ _1\"></span>4<span class=\"_ _52\"> </span><span class=\"fc0\">-<span class=\"_ _110\"> </span></span>2<span class=\"_ _1\"></span>,4A<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tri<span class=\"_ _2\"></span> p<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _215\"> </span>7<span class=\"_ _1\"></span>,9<span class=\"_ _187\"> </span>6,2<span class=\"_ _1a4\"> </span>4<span class=\"_ _2\"></span>,6<span class=\"_ _15e\"> </span>3<span class=\"_ _2\"></span>6,0<span class=\"_ _6b\"> </span>(<span class=\"_ _2\"></span>5,6<span class=\"_ _2\"></span>)<span class=\"_ _a9\"> </span>49<span class=\"_ _1\"></span>,2T<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le<span class=\"_ _3\"></span> ric<span class=\"_ _3\"></span>av<span class=\"_ _0\"></span>i<span class=\"_ _216\"> </span>8<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,5<span class=\"_ _213\"> </span>35<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,8<span class=\"_ _68\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _a9\"> </span>8<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,4<span class=\"_ _1a\"> </span>(33<span class=\"_ _3\"></span>0<span class=\"_ _e\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _18\"> </span>1.1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,7C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> dell<span class=\"_ _2\"></span>a p<span class=\"_ _3\"></span>rod<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _11e\"> </span>(66<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>)<span class=\"_ _8d\"> </span>(3<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>7,5<span class=\"_ _2\"></span>)<span class=\"_ _154\"> </span>(66<span class=\"_ _2\"></span>,5<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(5<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>0,6<span class=\"_ _2\"></span>)<span class=\"_ _10e\"> </span>3<span class=\"_ _2\"></span>30<span class=\"_ _1\"></span>,7<span class=\"_ _217\"> </span>(6<span class=\"_ _2\"></span>40<span class=\"_ _2\"></span>,6<span class=\"_ _1\"></span>)C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> pers<span class=\"_ _e\"></span>on<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _218\"> </span>(1<span class=\"_ _2\"></span>6,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span>(2<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,5)<span class=\"_ _159\"> </span>(3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(2<span class=\"_ _2\"></span>38<span class=\"_ _2\"></span>,6<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _219\"> </span>(3<span class=\"_ _2\"></span>15<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>)Pr<span class=\"_ _1\"></span>ov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> (<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) no<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>co<span class=\"_ _3\"></span>rrent<span class=\"_ _3\"></span>i<span class=\"_ _21a\"> </span><span class=\"fc0\">-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _160\"> </span></span>(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _52\"> </span><span class=\"fc0\">-<span class=\"_ _14c\"> </span></span>(1<span class=\"_ _2\"></span>2,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ine op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> l<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>o<span class=\"_ _1c4\"> </span>4<span class=\"_ _3\"></span>,4<span class=\"_ _21b\"> </span>4<span class=\"_ _3\"></span>,8<span class=\"_ _81\"> </span>15<span class=\"_ _3\"></span>,6<span class=\"_ _a9\"> </span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _1b\"> </span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1A<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>ort<span class=\"_ _3\"></span>am<span class=\"_ _2\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i,<span class=\"_ _1\"></span> acc.t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e s<span class=\"_ _e\"></span>va<span class=\"_ _3\"></span>luta<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _21c\"> </span>(2<span class=\"_ _2\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _84\"> </span>(2,<span class=\"_ _2\"></span>2)<span class=\"_ _154\"> </span>(1<span class=\"_ _2\"></span>6,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _dd\"> </span>(57<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _15f\"> </span>0<span class=\"_ _1\"></span>,0<span class=\"_ _1a\"> </span>(<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>o<span class=\"_ _21d\"> </span>1<span class=\"_ _3\"></span>,9<span class=\"_ _21b\"> </span>2,6<span class=\"_ _6f\"> </span>(<span class=\"_ _1\"></span>0,4<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>6<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,0<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _21e\"> </span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,3A<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tri<span class=\"_ _2\"></span> p<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> (<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) da at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _3\"></span>/p<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0 fi<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _165\"> </span><span class=\"fc0\">-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _6b\"> </span></span>(4,<span class=\"_ _2\"></span>1)<span class=\"_ _52\"> </span><span class=\"fc0\">-<span class=\"_ _21e\"> </span></span>(4<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)G<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span>e fi<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _e\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _2\"></span>a<span class=\"_ _21f\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _84\"> </span>(0,<span class=\"_ _2\"></span>3)<span class=\"_ _81\"> </span>(0<span class=\"_ _2\"></span>,4<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span>(8<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _15d\"> </span>(<span class=\"_ _2\"></span>0,0<span class=\"_ _2\"></span>)<span class=\"_ _21e\"> </span>(8<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ell<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> im<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>os<span class=\"_ _3\"></span>te<span class=\"_ _1f5\"> </span>1<span class=\"_ _3\"></span>,8<span class=\"_ _21b\"> </span>2<span class=\"_ _3\"></span>,3<span class=\"_ _6f\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,0<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _21e\"> </span>56<span class=\"_ _3\"></span>,4Im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _e\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>e s<span class=\"_ _e\"></span>u<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> red<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _1b3\"> </span>0,<span class=\"_ _2\"></span>9<span class=\"_ _67\"> </span>(1<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _81\"> </span>(0<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _220\"> </span>(4<span class=\"_ _2\"></span>,5<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span>(0<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _21e\"> </span>(4<span class=\"_ _1\"></span>,7<span class=\"_ _2\"></span>)Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> nett<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _2\"></span>eri<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _221\"> </span>2<span class=\"_ _3\"></span>,8<span class=\"_ _21b\"> </span>1,2<span class=\"_ _6f\"> </span>(<span class=\"_ _1\"></span>0,8<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,5<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,1<span class=\"_ _21e\"> </span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,7Di cui d<span class=\"_ _2\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rti<span class=\"_ _3\"></span>nenza<span class=\"_ _1\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> terzi<span class=\"_ _222\"> </span><span class=\"fc0\">-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _21e\"> </span></span>(19<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _6b\"> </span><span class=\"ff1f\">(0,<span class=\"_ _2\"></span>0)<span class=\"_ _223\"> </span><span class=\"ff21\">(19<span class=\"_ _3\"></span>,6)</span></span>2021E<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>a Co<span class=\"_ _2\"></span>nces<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iona<span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>eE<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>a <span class=\"_ _2\"></span>tel<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a RCSI<span class=\"_ _2\"></span>nf<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>e no<span class=\"_ _2\"></span>n T<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le(V<span class=\"_ _0\"></span>alori<span class=\"_ _2\"></span> i<span class=\"_ _1\"></span>n m<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>E<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>ro)p<span class=\"_ _2\"></span>eri<span class=\"_ _3\"></span>od<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i L<span class=\"_ _2\"></span>a7 e op<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>ore d<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>oca<span class=\"_ _1\"></span>teCa<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ro <span class=\"_ _1\"></span>E<span class=\"_ _0\"></span>d<span class=\"_ _2\"></span>ito<span class=\"_ _1\"></span>rere<span class=\"_ _3\"></span>teRicav<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> o<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>er<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>i net<span class=\"_ _1\"></span>ti<span class=\"_ _b5\"> </span><span class=\"fc1\">84<span class=\"_ _3\"></span>,2<span class=\"_ _213\"> </span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,8<span class=\"_ _68\"> </span>11<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,3<span class=\"_ _a9\"> </span>8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,2<span class=\"_ _1a\"> </span>(3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,8)<span class=\"_ _18\"> </span>1<span class=\"_ _3\"></span>.07<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,7</span>V<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> r<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _178\"> </span><span class=\"fc1\">-<span class=\"_ _7b\"> </span></span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _15c\"> </span><span class=\"fc1\">0,4<span class=\"_ _203\"> </span></span>-<span class=\"_ _110\"> </span><span class=\"fc1\">0,4</span>A<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tri<span class=\"_ _2\"></span> p<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _215\"> </span>4<span class=\"_ _1\"></span>,2<span class=\"_ _187\"> </span>4,1<span class=\"_ _1a4\"> </span>2<span class=\"_ _2\"></span>,8<span class=\"_ _15e\"> </span>3<span class=\"_ _2\"></span>3,0<span class=\"_ _6b\"> </span><span class=\"fc0\">(<span class=\"_ _2\"></span>4,9<span class=\"_ _2\"></span>)<span class=\"_ _a9\"> </span><span class=\"fc1\">39<span class=\"_ _1\"></span>,1</span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le<span class=\"_ _3\"></span> ric<span class=\"_ _3\"></span>av<span class=\"_ _0\"></span>i<span class=\"_ _216\"> </span><span class=\"fc1\">8<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,4<span class=\"_ _213\"> </span>37<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,9<span class=\"_ _68\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2<span class=\"_ _a9\"> </span>8<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _1a\"> </span>(34<span class=\"_ _3\"></span>6<span class=\"_ _e\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _18\"> </span>1.1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,3</span>C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> dell<span class=\"_ _2\"></span>a p<span class=\"_ _3\"></span>rod<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _11e\"> </span><span class=\"fc1\">(61<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>)<span class=\"_ _8d\"> </span>(3<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>6,6<span class=\"_ _2\"></span>)<span class=\"_ _154\"> </span>(61<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(4<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>2,4<span class=\"_ _2\"></span>)<span class=\"_ _10e\"> </span>3<span class=\"_ _2\"></span>47<span class=\"_ _1\"></span>,0<span class=\"_ _217\"> </span>(6<span class=\"_ _2\"></span>05<span class=\"_ _2\"></span>,5<span class=\"_ _1\"></span>)</span>C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span> pers<span class=\"_ _e\"></span>on<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _218\"> </span><span class=\"fc1\">(1<span class=\"_ _2\"></span>7,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _20e\"> </span>(2<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,4)<span class=\"_ _159\"> </span>(3<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _10c\"> </span>(2<span class=\"_ _2\"></span>41<span class=\"_ _2\"></span>,8<span class=\"_ _1\"></span>)<span class=\"_ _6b\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _219\"> </span>(3<span class=\"_ _2\"></span>21<span class=\"_ _2\"></span>,6<span class=\"_ _1\"></span>)</span>Pr<span class=\"_ _1\"></span>ov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> (<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) no<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>co<span class=\"_ _3\"></span>rrent<span class=\"_ _3\"></span>i<span class=\"_ _21a\"> </span>-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _6b\"> </span><span class=\"fc1\">(3<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)<span class=\"_ _52\"> </span><span class=\"fc0\">-<span class=\"_ _21e\"> </span></span>(3,<span class=\"_ _2\"></span>8)</span>M<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ine op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> l<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>o<span class=\"_ _1c4\"> </span><span class=\"fc1\">9<span class=\"_ _3\"></span>,2<span class=\"_ _21b\"> </span>2<span class=\"_ _3\"></span>,9<span class=\"_ _81\"> </span>15<span class=\"_ _3\"></span>,5<span class=\"_ _a9\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,5<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1b\"> </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=\"_ _2\"></span>m<span class=\"_ _2\"></span>ort<span class=\"_ _3\"></span>am<span class=\"_ _2\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i,<span class=\"_ _1\"></span> acc.t<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span> e s<span class=\"_ _e\"></span>va<span class=\"_ _3\"></span>luta<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _21c\"> </span><span class=\"fc1\">(1<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>)<span class=\"_ _84\"> </span>(2,<span class=\"_ _2\"></span>1)<span class=\"_ _154\"> </span>(1<span class=\"_ _2\"></span>6,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _dd\"> </span>(56<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _68\"> </span>-<span class=\"_ _1a\"> </span>(7<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>2)</span>Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> op<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rat<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>o<span class=\"_ _21d\"> </span><span class=\"fc1\">7<span class=\"_ _3\"></span>,4<span class=\"_ _21b\"> </span>0,8<span class=\"_ _6f\"> </span>(<span class=\"_ _1\"></span>0,7<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1b\"> </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=\"_ _1\"></span>tri<span class=\"_ _2\"></span> p<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> (<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) da at<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _3\"></span>/p<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>it\u00e0 fi<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _3\"></span>zi<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _165\"> </span>-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _15c\"> </span><span class=\"fc1\">4,<span class=\"_ _1\"></span>6<span class=\"_ _203\"> </span><span class=\"fc0\">-<span class=\"_ _6b\"> </span></span>4<span class=\"_ _2\"></span>,6</span>G<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span>e fi<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>an<span class=\"_ _e\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>ari<span class=\"_ _2\"></span>a<span class=\"_ _10f\"> </span><span class=\"fc1\">-<span class=\"_ _67\"> </span>(0<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>)<span class=\"_ _8c\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _160\"> </span>(1<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>6)<span class=\"_ _52\"> </span>-<span class=\"_ _1a\"> </span>(1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)</span>Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ell<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> im<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>os<span class=\"_ _3\"></span>te<span class=\"_ _1f5\"> </span><span class=\"fc1\">7<span class=\"_ _3\"></span>,3<span class=\"_ _21b\"> </span>0<span class=\"_ _3\"></span>,4<span class=\"_ _6f\"> </span>(<span class=\"_ _2\"></span>0<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>)<span class=\"_ _110\"> </span>8<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _53\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _21e\"> </span>96<span class=\"_ _3\"></span>,8</span>Im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _e\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>e s<span class=\"_ _e\"></span>u<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> red<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _224\"> </span><span class=\"fc1\">(0<span class=\"_ _2\"></span>,9<span class=\"_ _1\"></span>)<span class=\"_ _84\"> </span>(0,<span class=\"_ _2\"></span>5)<span class=\"_ _1a4\"> </span>2,<span class=\"_ _2\"></span>7<span class=\"_ _160\"> </span>(1<span class=\"_ _2\"></span>8,0<span class=\"_ _2\"></span>)<span class=\"_ _220\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _1a\"> </span>(1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,8)</span>Ris<span class=\"_ _e\"></span>ulta<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> nett<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>el<span class=\"_ _3\"></span> p<span class=\"_ _2\"></span>eri<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _221\"> </span><span class=\"fc1\">6<span class=\"_ _3\"></span>,4<span class=\"_ _1a4\"> </span>(0,1)<span class=\"_ _10a\"> </span>1,9<span class=\"_ _6b\"> </span>7<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,6<span class=\"_ _53\"> </span>0,1<span class=\"_ _21e\"> </span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,9</span>Di cui d<span class=\"_ _2\"></span>i p<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rti<span class=\"_ _3\"></span>nenza<span class=\"_ _1\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> terzi<span class=\"_ _222\"> </span>-<span class=\"_ _16b\"> </span>-<span class=\"_ _f0\"> </span>-<span class=\"_ _110\"> </span><span class=\"fc1\">2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,9<span class=\"_ _28\"> </span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,9</span>Il<span class=\"ls0\"> manage<span class=\"_ _1\"></span>ment <span class=\"_ _2\"></span>monitora i <span class=\"_ _2\"></span>risultati op<span class=\"_ _2\"></span>erativi delle <span class=\"_ _2\"></span><span class=\"ff24\">business un<span class=\"_ _1\"></span>its <span class=\"ff1f\">s<span class=\"_ _1\"></span>eparatament<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>fine <span class=\"_ _2\"></span>di definire <span class=\"_ _e\"></span><span class=\"ff22\">l\u2019allocazione</span> </span></span></span>delle <span class=\"_ _7\"></span>risorse <span class=\"_ _a\"> </span>e <span class=\"_ _7\"></span><span class=\"ls2\">la</span> <span class=\"_ _a\"></span>va<span class=\"_ _1\"></span>lutazione <span class=\"_ _7\"></span>dei <span class=\"_ _a\"></span>risul<span class=\"_ _1\"></span>tati. <span class=\"_ _a\"></span>I <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>ezzi <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _a\"></span>trasferi<span class=\"_ _1\"></span>mento 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=\"_ _1\"></span>ni di merca<span class=\"_ _1\"></span>to applicabili ne<span class=\"_ _1\"></span>lle trans<span class=\"_ _1\"></span>azioni con terzi. I <span class=\"_ _6\"></span>dati <span class=\"_ _6\"></span>patrimoniali <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>settore, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>particolare <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>del <span class=\"_ _7\"></span>totale <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>ciascun <span class=\"_ _7\"></span>settore<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>ogge<span class=\"_ _1\"></span>tto <span class=\"_ _7\"></span>di informativa, <span class=\"_ _11\"></span>non <span class=\"_ _11\"></span>costituiscono <span class=\"_ _6\"></span>invece <span class=\"_ _11\"></span>valori <span class=\"_ _6\"></span>forniti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>periodicam<span class=\"_ _1\"></span>ente <span class=\"_ _11\"></span><span class=\"ls4\">al</span> <span class=\"_ _6\"></span>p<span class=\"_ _1\"></span>i\u00f9<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>alto <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>ivello <span class=\"_ _e\"></span>decision<span class=\"_ _1\"></span>ale <span class=\"_ _e\"></span>opera<span class=\"_ _1\"></span>tivo. Tale <span class=\"_ _2\"></span>dettaglio <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>viene <span class=\"_ _2\"></span>quindi <span class=\"_ _2\"></span>fornito <span class=\"_ _2\"></span>nelle <span class=\"_ _2\"></span>presenti <span class=\"_ _2\"></span><span class=\"ff22\">no<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>plicativ<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>accordo <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>l\u2019emendamento <span class=\"_ _2\"></span>dell\u2019IFRS </span>8 - Settori operat<span class=\"_ _1\"></span>ivi. ",
   "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=\"_ _2\"></span>ile <span class=\"_ _1\"></span>per<span class=\"_ _2\"></span> azio<span class=\"_ _1\"></span>ne L\u2019utile<span class=\"ff1f\"> <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>azione <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>calcolato <span class=\"_ _3\"></span>dividendo <span class=\"_ _3\"></span><span class=\"ls16\">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=\"ls16\">la<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>media <span class=\"_ _e\"></span>ponderata <span class=\"_ _3\"></span>delle </span>azioni <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> c<span class=\"_ _1\"></span>ircolazione, <span class=\"_ _2\"></span>escludendo <span class=\"_ _1\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>media <span class=\"_ _2\"></span>ponderata <span class=\"ls6\">di</span> <span class=\"_ _2\"></span>azi<span class=\"_ _3\"></span>oni <span class=\"_ _2\"></span>proprie. <span class=\"_ _1\"></span>Nel de<span class=\"_ _2\"></span>ttagl<span class=\"_ _1\"></span>io<span class=\"_ _2\"></span>: </span></span></span></span>De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne2022<span class=\"_ _189\"> </span>2021Mi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _2\"></span>roRi<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>tato<span class=\"_ _1\"></span> del<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rti<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span> G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _4d\"> </span>3<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>1<span class=\"_ _164\"> </span>51<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0Ri<span class=\"_ _2\"></span>su<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>tato<span class=\"_ _1\"></span> del<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>ssa<span class=\"_ _3\"></span>te<span class=\"_ _225\"> </span>-<span class=\"_ _40\"> </span>-Ris<span class=\"_ _e\"></span>ul<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>tto<span class=\"_ _3\"></span> de<span class=\"_ _e\"></span>ll\u2019e<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>rciz<span class=\"_ _2\"></span>io<span class=\"_ _226\"> </span><span class=\"ff21\">3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _98\"> </span>5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0</span>Num<span class=\"_ _2\"></span>ero m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> po<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rato d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ci<span class=\"_ _2\"></span>rcol<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _173\"> </span>13<span class=\"_ _2\"></span>4.4<span class=\"_ _2\"></span>16<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>8<span class=\"_ _66\"> </span>1<span class=\"_ _2\"></span>34<span class=\"_ _2\"></span>.41<span class=\"_ _2\"></span>6.5<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>8Num<span class=\"_ _2\"></span>ero m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> po<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rato d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>pri<span class=\"_ _0\"></span>e<span class=\"_ _227\"> </span>(7<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>9)<span class=\"_ _2b\"> </span>(77<span class=\"_ _2\"></span>9)Num<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>me<span class=\"_ _e\"></span>d<span class=\"_ _1\"></span>io <span class=\"_ _3\"></span>pond<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>di a<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>oni pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _e\"></span>te<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _e\"></span>ll<span class=\"_ _1\"></span>\u2019uti<span class=\"_ _2\"></span>le<span class=\"_ _11\"></span> pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span> az<span class=\"_ _2\"></span>ione<span class=\"_ _a0\"> </span><span class=\"ff21\">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=\"_ _15a\"> </span>1<span class=\"_ _3\"></span>3<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>Eu<span class=\"_ _2\"></span>ro:Uti<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> per a<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne a<span class=\"_ _3\"></span>ttri<span class=\"_ _0\"></span>bu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 i<span class=\"_ _2\"></span>n con<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>ui<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _228\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _2b\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>0Uti<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> (perdi<span class=\"_ _0\"></span>ta) <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>ttri<span class=\"_ _0\"></span>bu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 c<span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>sa<span class=\"_ _3\"></span>te<span class=\"_ _229\"> </span>-<span class=\"_ _40\"> </span>-Ris<span class=\"_ _e\"></span>ul<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>az<span class=\"_ _2\"></span>ione<span class=\"_ _e\"></span> da<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 in<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>ntin<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>ce<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ate<span class=\"_ _fd\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _169\"> </span>0,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0L\u2019u<span class=\"_ _2\"></span>tile <span class=\"_ _2\"></span>dilu<span class=\"_ _2\"></span>ito <span class=\"_ _1\"></span>pe<span class=\"_ _2\"></span>r az<span class=\"_ _1\"></span>ion<span class=\"_ _2\"></span>e n<span class=\"_ _2\"></span>on <span class=\"_ _2\"></span>\u00e8 st<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>calco<span class=\"_ _2\"></span>lato <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>an<span class=\"_ _2\"></span>to <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>esi<span class=\"_ _1\"></span>sto<span class=\"_ _2\"></span>no <span class=\"_ _2\"></span>azion<span class=\"_ _2\"></span>i av<span class=\"_ _2\"></span>enti <span class=\"_ _2\"></span>pot<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>zia<span class=\"_ _2\"></span>le effetto <span class=\"_ _1\"></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=\"_ _2\"></span>mmobili<span class=\"_ _1\"></span>, <span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>nve<span class=\"_ _2\"></span>stime<span class=\"_ _1\"></span>nti<span class=\"_ _2\"></span> immobi<span class=\"_ _1\"></span>lia<span class=\"_ _2\"></span>ri, <span class=\"_ _2\"></span>imp<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>mac<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ri La movimentaz<span class=\"_ _1\"></span>ione delle i<span class=\"_ _1\"></span>mmobilizzazion<span class=\"_ _1\"></span>i materiali <span class=\"_ _1\"></span>pu\u00f2 essere dett<span class=\"_ _1\"></span>agliata come seg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneTe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ni e<span class=\"_ _e\"></span> B<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>ni Im<span class=\"_ _1\"></span>pi<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>ti e<span class=\"_ _e\"></span> Altr<span class=\"_ _2\"></span>i be<span class=\"_ _e\"></span>niIm<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ob.ni<span class=\"_ _1\"></span> in Inve<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>time<span class=\"_ _e\"></span>n<span class=\"_ _2\"></span>ti TotaleIm<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>obil<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>hi<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>rico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oim<span class=\"_ _2\"></span>mobi<span class=\"_ _1\"></span>lia<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>iV<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _b0\"> </span>19<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _b9\"> </span>24<span class=\"_ _3\"></span>,4<span class=\"_ _7d\"> </span>6,<span class=\"_ _3\"></span>4<span class=\"_ _156\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _10a\"> </span>7,<span class=\"_ _3\"></span>0<span class=\"_ _22a\"> </span>5<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>0Acqu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _82\"> </span>6<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>7<span class=\"_ _198\"> </span>0<span class=\"_ _2\"></span>,5<span class=\"_ _2f\"> </span>2,<span class=\"_ _2\"></span>0<span class=\"_ _20a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5-6<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,7Al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>/Di<span class=\"_ _2\"></span>sm<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni--<span class=\"_ _84\"> </span>--<span class=\"_ _b9\"> </span>--Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span><span class=\"fc0\"> e<span class=\"_ _3\"></span> sval<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ta<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _91\"> </span><span class=\"fc1\">(2,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _b9\"> </span>(6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7)<span class=\"_ _61\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0)</span></span>-(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1)<span class=\"_ _21e\"> </span>(1<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ov<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i-0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _156\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _7e\"> </span>(0,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>)--V<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _b0\"> </span>78<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _b9\"> </span>18<span class=\"_ _3\"></span>,3<span class=\"_ _7d\"> </span>6,<span class=\"_ _3\"></span>5<span class=\"_ _156\"> </span>0<span class=\"_ _3\"></span>,5<span class=\"_ _10a\"> </span>6,<span class=\"_ _3\"></span>9<span class=\"_ _22b\"> </span>1<span class=\"_ _3\"></span>10<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9La <span class=\"_ _2\"></span>voce, par<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>ad E<span class=\"_ _1\"></span>uro <span class=\"_ _1\"></span>110,9<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>mili<span class=\"_ _3\"></span>oni, <span class=\"_ _2\"></span>presenta <span class=\"_ _2\"></span>un <span class=\"_ _1\"></span>incremento <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Euro 53,9 <span class=\"_ _2\"></span>milioni <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></span>2021. In particolare, <span class=\"_ _1\"></span>la voce inc<span class=\"_ _2\"></span>lud<span class=\"_ _1\"></span>e:<span class=\"_ _1\"></span> terreni <span class=\"_\"> </span>e <span class=\"_\"> </span>be<span class=\"_ _1\"></span>ni <span class=\"_\"> </span>immob<span class=\"_ _1\"></span>ili <span class=\"_\"> </span>p<span class=\"_ _1\"></span>er <span class=\"_\"> </span>Euro <span class=\"_\"> </span>78,7 <span class=\"_ _12\"> </span>milioni. <span class=\"_\"> </span>L\u2019i<span class=\"_ _1\"></span>ncremento <span class=\"_\"> </span>r<span class=\"_ _1\"></span>ispetto <span class=\"_\"> </span>a<span class=\"_ _1\"></span>ll\u2019anno <span class=\"_ _12\"> </span>precedente <span class=\"_\"> </span>\u00e8 <span class=\"_ _12\"> </span>attribuibile prevalentemente <span class=\"_ _1\"></span>all\u2019acqui<span class=\"_ _1\"></span>sto<span class=\"ff1f\"> da par</span>te <span class=\"_ _1\"></span>di RCS <span class=\"_ _2\"></span>Me<span class=\"_ _3\"></span>diagroup <span class=\"_ _1\"></span>S.p.A. dell\u2019im<span class=\"_ _1\"></span>mobile e <span class=\"_ _2\"></span>del<span class=\"_ _3\"></span> terreno <span class=\"_ _1\"></span>in Via <span class=\"_ _1\"></span>Solferino<span class=\"_ _1\"></span> a M<span class=\"_ _1\"></span>ilano, <span class=\"_ _2\"></span>sede <span class=\"_ _1\"></span>storica <span class=\"_ _2\"></span>del C<span class=\"_ _1\"></span>orriere <span class=\"_ _2\"></span>della Se<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>a. L<span class=\"_ _2\"></span>a voce <span class=\"_ _2\"></span>include <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>noltre <span class=\"_ _2\"></span>altri <span class=\"_ _1\"></span>fabbricati <span class=\"_ _2\"></span>industriali d<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>proprie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>(in particolare <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>complesso <span class=\"_ _2\"></span>industriale <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Pessano <span class=\"_ _2\"></span>con <span class=\"_ _1\"></span>Bornago) <span class=\"_ _2\"></span>nonch\u00e9 <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>migliorie <span class=\"_ _2\"></span>realizzate <span class=\"_ _2\"></span>sugli <span class=\"_ _2\"></span>uffici <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Via Rizzoli e Via S<span class=\"_ _1\"></span>olferino e su<span class=\"_ _1\"></span> altri fabbricati <span class=\"_ _1\"></span>industriali n<span class=\"_ _1\"></span>on di propriet\u00e0. <span class=\"ff1f fs7 fc0\">impianti <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>macchinari <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>18,3 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>costituiti <span class=\"_ _3\"></span>principalmente da <span class=\"_ _3\"></span>impianti <span class=\"_ _3\"></span>produttivi <span class=\"_ _e\"></span>per <span class=\"_ _11\"></span>la <span class=\"_ _11\"></span>stampa <span class=\"_ _e\"></span>di </span>quotidiani e perio<span class=\"_ _1\"></span>dici; <span class=\"ff1f fs7 fc0\">altri <span class=\"_ _e\"></span>beni <span class=\"_ _e\"></span>per <span class=\"_ _11\"></span>Euro <span class=\"_ _e\"></span>6,5 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>costituiti <span class=\"_ _e\"></span>principalmen<span class=\"_ _1\"></span>te <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>server <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span><span class=\"ff22\">l\u2019archiviazione</span> <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>dati <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>sup<span class=\"_ _1\"></span>po<span class=\"_ _2\"></span>rto <span class=\"_ _11\"></span>dei </span>sis<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>mi <span class=\"_ _2\"></span>edito<span class=\"_ _2\"></span>rial<span class=\"_ _1\"></span>i e<span class=\"_ _2\"></span> ges<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>i, pe<span class=\"_ _1\"></span>rso<span class=\"_ _1\"></span>na<span class=\"_ _2\"></span>l co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ute<span class=\"_ _2\"></span>r, a<span class=\"_ _1\"></span>ppa<span class=\"_ _2\"></span>rec<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>atu<span class=\"_ _2\"></span>re e<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>arie e mobili e <span class=\"_ _1\"></span>arredi; ",
   "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=\"ff1f fs7 fc0\">investimenti <span class=\"_ _6\"></span>immobiliari <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Euro <span class=\"_ _11\"></span>6,9 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>relativi <span class=\"_ _6\"></span>principalmente <span class=\"_ _6\"></span><span class=\"ls3\">ad</span> <span class=\"_ _7\"></span>edifici <span class=\"_ _6\"></span>industriali al mo<span class=\"_ _1\"></span>mento non<span class=\"_ _1\"></span> </span>utilizzati presen<span class=\"_ _1\"></span>ti nelle ci<span class=\"_ _1\"></span>tt\u00e0 di Madrid e Tor<span class=\"_ _1\"></span>ino. ",
   "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=\"_ _2\"></span>iritt<span class=\"_ _2\"></span>i d\u2019us<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>ni i<span class=\"_ _1\"></span>n l<span class=\"_ _2\"></span>easin<span class=\"_ _1\"></span>g La<span class=\"ls0\"> <span class=\"_ _11\"></span>voce <span class=\"_ _e\"></span>include <span class=\"_ _3\"></span>i <span class=\"_ _11\"></span>diritti <span class=\"_ _e\"></span><span class=\"ff22\">d\u2019uso</span> <span class=\"_ _e\"></span>sui <span class=\"_ _11\"></span>beni <span class=\"_ _e\"></span><span class=\"ls2\">in</span> <span class=\"_ _e\"></span>affitto <span class=\"_ _e\"></span>iscritti <span class=\"_ _e\"></span><span class=\"ls16\">in</span> <span class=\"_ _e\"></span>bilancio <span class=\"_ _11\"></span>a <span class=\"_ _e\"></span>seguito <span class=\"_ _e\"></span><span class=\"ff22\">dell\u2019applicaz<span class=\"_ _1\"></span>io<span class=\"ff1f\">ne <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>principio </span></span></span>contabile IFRS 16 a p<span class=\"_ _1\"></span>artire dal 1\u00b0 genn<span class=\"_ _2\"></span>ai<span class=\"_ _3\"></span>o 2019. De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneDir<span class=\"_ _2\"></span>itti d\u2019u<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>oDir<span class=\"_ _2\"></span>itti d\u2019u<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> Dir<span class=\"_ _2\"></span>itti d\u2019u<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> Dir<span class=\"_ _2\"></span>itti d\u2019u<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> s<span class=\"_ _11\"></span>u Totales<span class=\"_ _e\"></span>u b<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>ni<span class=\"_ _1\"></span> im<span class=\"_ _2\"></span>mobil<span class=\"_ _1\"></span>is<span class=\"_ _e\"></span>u im<span class=\"_ _2\"></span>pi<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ntis<span class=\"_ _e\"></span>u a<span class=\"_ _2\"></span>ltr<span class=\"_ _2\"></span>i be<span class=\"_ _e\"></span>nia<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>tov<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>ttur<span class=\"_ _2\"></span>eV<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _22c\"> </span>1<span class=\"_ _3\"></span>50<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _61\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,1<span class=\"_ _156\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _10a\"> </span>6,<span class=\"_ _3\"></span>6<span class=\"_ _22b\"> </span>16<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5In<span class=\"_ _1\"></span>cre<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _116\"> </span>14<span class=\"_ _2\"></span>,8<span class=\"_ _e9\"> </span>4<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _204\"> </span><span class=\"fc1\">-<span class=\"_ _84\"> </span>1,<span class=\"_ _2\"></span>2<span class=\"_ _15d\"> </span>2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0</span>Dec<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _22d\"> </span><span class=\"fc1\">(1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _84\"> </span>-<span class=\"_ _204\"> </span>-<span class=\"_ _6f\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2)<span class=\"_ _21e\"> </span>(1<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>)</span>Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _22e\"> </span>(2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>)<span class=\"_ _8f\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _205\"> </span>(0,<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _22f\"> </span>(2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9)<span class=\"_ _21e\"> </span>(2<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ov<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _166\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _84\"> </span>-<span class=\"_ _ee\"> </span>-<span class=\"_ _230\"> </span>-<span class=\"_ _15f\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1V<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _22c\"> </span>1<span class=\"_ _3\"></span>27<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _61\"> </span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0<span class=\"_ _156\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _10a\"> </span>4,<span class=\"_ _3\"></span>6<span class=\"_ _22b\"> </span>14<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4Al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span><span class=\"ff22\">i <span class=\"_ _6\"> </span>diritti <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _6\"> </span>sono <span class=\"_ _6\"> </span>pari <span class=\"_ _6\"> </span>a <span class=\"_ _7\"> </span>1</span>46,4 <span class=\"_ _6\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span><span class=\"ls6\">de</span>cremento <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Euro <span class=\"_ _7\"></span>22,1 <span class=\"_ _6\"></span>milio<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>risp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> all\u2019<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>prec<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te.<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls47\">La</span> <span class=\"_ _11\"></span>varia<span class=\"_ _1\"></span>zio<span class=\"_ _2\"></span>ne <span class=\"_ _11\"></span>\u00e8 <span class=\"_ _e\"></span>dov<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls3\">ad</span> <span class=\"_ _11\"></span>incre<span class=\"_ _2\"></span>menti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>nett<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _e\"></span><span class=\"ls6\">20 <span class=\"_ _6\"></span></span>milioni <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>rinnovo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>alcuni contratti <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>locazione <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>l\u2019adeguamento <span class=\"_ _12\"> </span>dei <span class=\"_ _12\"> </span>canoni <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>loca<span class=\"_ _3\"></span>zione <span class=\"_ _12\"> </span>al <span class=\"_ _12\"> </span>tasso <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>in<span class=\"_ _1\"></span>flazione <span class=\"_ _12\"> </span>corrente <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>da decrementi <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>42,1 <span class=\"_ _2\"></span>milioni <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>gli <span class=\"_ _2\"></span>ammortamen<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>per effe<span class=\"_ _1\"></span>tto <span class=\"_ _2\"></span>dell<span class=\"ff22\">\u2019acquisto <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>parte <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>RCS <span class=\"_ _2\"></span>Mediagroup </span>S.p.A. dell\u2019immo<span class=\"_ _1\"></span>bile di via Solf<span class=\"_ _1\"></span>erino.<span class=\"ff1f\"> <span class=\"_ _2\"></span> </span>Per <span class=\"_ _1\"></span>quan<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>riguarda <span class=\"_ _2\"></span>l\u2019analisi <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>scadenze <span class=\"_ _2\"></span>delle <span class=\"ff1f\">pas<span class=\"_ _1\"></span>sivit\u00e0 <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>contratti <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>leasing<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>si <span class=\"_ _1\"></span>rinvia <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>successiva <span class=\"_ _2\"></span>Nota </span>41. L\u2019indebitamento <span class=\"_ _e\"></span>finanz<span class=\"ff1f\">iari<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>netto <span class=\"_ _11\"></span>consolidato <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _11\"></span>dicembre <span class=\"_ _e\"></span>2022 <span class=\"_ _e\"></span>risulta <span class=\"_ _11\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _11\"></span>15,2 <span class=\"_ _e\"></span>milioni <span class=\"_ _3\"></span>con <span class=\"_ _11\"></span>una </span>variazione di <span class=\"_ _3\"></span>Euro 52,2 milioni <span class=\"_ _3\"></span>rispetto <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>fine 2021 <span class=\"_ _2\"></span>(al<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicembre 2021 il <span class=\"_ _3\"></span>Gruppo presentava una <span class=\"_ _3\"></span>posizione finanziaria netta po<span class=\"_ _1\"></span>sitiva per Euro 37 <span class=\"_ _1\"></span>milioni).  Al<span class=\"ls0\"> <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019indebitam<span class=\"_ _1\"></span>ento finanziario netto <span class=\"ff1f\">di <span class=\"ls30\">RCS</span> \u00e8 <span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> E<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span> 31,6 milioni <span class=\"_ _2\"></span>(al 31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2021 </span></span></span>RCS<span class=\"ls0\"> <span class=\"_ _2\"></span>pr<span class=\"_ _3\"></span>esentava <span class=\"_ _1\"></span>una pos<span class=\"_ _1\"></span>izione finanzi<span class=\"_ _1\"></span>aria netta posi<span class=\"_ _1\"></span>tiva per Euro <span class=\"ls6\">16</span>,7 milioni).  </span>La <span class=\"_ _aa\"> </span>posizione <span class=\"_ _aa\"> </span>finanziaria<span class=\"_ _1\"></span> <span class=\"_ _aa\"> </span>netta <span class=\"_ _aa\"> </span>complessiva <span class=\"_ _aa\"> </span>\u00e8 <span class=\"_ _aa\"> </span>stata <span class=\"_ _aa\"> </span>impattata <span class=\"_ _aa\"> </span>negativamente <span class=\"_ _aa\"> </span>dagli <span class=\"_ _aa\"> </span>investimenti <span class=\"_ _aa\"> </span>in immobilizzaz<span class=\"_ _1\"></span>ioni, <span class=\"_ _11\"></span>tra <span class=\"_ _e\"></span>cui <span class=\"_ _11\"></span>l\u2019acquisto <span class=\"_ _11\"></span>dell\u2019immobile <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>vi<span class=\"_ _3\"></span>a <span class=\"_ _11\"></span>Solferino <span class=\"_ _e\"></span>per <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>59,9 <span class=\"_ _11\"></span>milioni, <span class=\"_ _6\"></span><span class=\"ff1f\">dagli <span class=\"_ _e\"></span>effetti <span class=\"_ _11\"></span>netti </span>delle de dagli oneri non <span class=\"_ _1\"></span>ricorrenti. L\u2019indebitamento<span class=\"ff1f\"> <span class=\"_ _212\"></span>finanziario <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>complessivo, <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>comprende <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _0\"></span>passivit\u00e0 <span class=\"_ _0\"></span>finanziarie <span class=\"_ _2\"></span>relative <span class=\"_ _2\"></span>a cont<span class=\"_ _1\"></span>ratti </span></span></span>di <span class=\"_ _3\"></span>locazione <span class=\"_ _3\"></span>iscritti in <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>ex <span class=\"_ _3\"></span>IFRS <span class=\"_ _3\"></span>16 <span class=\"_ _e\"></span>(pr<span class=\"_ _1\"></span>incipalmente locazioni <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>immobili) pari <span class=\"_ _e\"></span>a <span class=\"_ _3\"></span>Euro 1<span class=\"_ _3\"></span>62,4 <span class=\"_ _3\"></span>milioni, ammonta a Euro 177,6 milioni con una variaz<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>one negativa di Euro 29,8 milioni rispetto al 31 dice<span class=\"_ _1\"></span>mbre 2021 (Euro 147,8 milioni<span class=\"_ _1\"></span>) Di <span class=\"_ _a\"> </span>seguito <span class=\"_ _a\"> </span>si <span class=\"_ _a\"> </span>espone <span class=\"_ _7\"></span>il <span class=\"_ _a\"> </span>dettaglio <span class=\"_ _a\"> </span>della <span class=\"_ _a\"> </span>Posizione <span class=\"_ _a\"></span>F<span class=\"_ _1\"></span>inanziaria <span class=\"_ _a\"></span>Ne<span class=\"_ _1\"></span>tta <span class=\"_ _a\"> </span>Complessiv<span class=\"_ _2\"></span>a <span class=\"_ _12\"> </span>cos\u00ec <span class=\"_ _7\"></span>come <span class=\"_ _a\"> </span>definita <span class=\"_ _a\"> </span>dagli \u201cOrientamenti <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>materia <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>obblighi <span class=\"_ _e\"></span>info<span class=\"_ _1\"></span>rmativi <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>nsi <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>regolamento <span class=\"_ _3\"></span>sul <span class=\"_ _e\"></span>pros<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tto<span class=\"_ _1\"></span>\u201d<span class=\"ff1f\"> pu<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"ls6\">da</span> ES<span class=\"_ _1\"></span>MA<span class=\"_ _2\"></span> </span>in<span class=\"ls0\"> <span class=\"_ _2\"></span>da<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>4<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>marzo<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls6\">2021<span class=\"ls0\"> <span class=\"_ _2\"></span>con<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nto<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ff22\">\u201cES<span class=\"_ _1\"></span>MA<span class=\"_ _1\"></span>32<span class=\"_ _1\"></span><span class=\"ff1f\">-<span class=\"ls6\">382</span>-<span class=\"_ _2\"></span><span class=\"ff22\">1138\u201d<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ff1f\">e <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ipreso <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>CONSOB <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>5/21 <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span><span class=\"ls6\">29<span class=\"ls0\"> <span class=\"_ _2\"></span>aprile <span class=\"_ _2\"></span>2021. </span></span></span></span></span></span></span></span></span></span></span>Tale vo<span class=\"_ _1\"></span>ce <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> passivi<span class=\"_ _1\"></span>t\u00e0 finan<span class=\"_ _1\"></span>ziarie relative a co<span class=\"_ _1\"></span>ntratti di locaz<span class=\"_ _1\"></span>ione a breve e/<span class=\"_ _1\"></span>o a lungo termine e <span class=\"_ _1\"></span>i debiti </span></span>non <span class=\"_ _12\"> </span>remunerati, <span class=\"_\"> </span>c<span class=\"_ _1\"></span>he <span class=\"_\"> </span>pr<span class=\"_ _1\"></span>esentano <span class=\"_ _12\"> </span>una <span class=\"_ _a\"> </span>significativa <span class=\"_ _a\"> </span>componente <span class=\"_ _a\"> </span>di <span class=\"_ _12\"> </span>finanziamen<span class=\"_ _1\"></span>to <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>mplicito <span class=\"_ _a\"> </span>o <span class=\"_ _12\"> </span>esplicito <span class=\"_ _a\"> </span>(ad esempio i debiti <span class=\"_ _1\"></span>verso forni<span class=\"_ _1\"></span>tori con una scad<span class=\"_ _1\"></span>enza super<span class=\"_ _1\"></span>iore a 12 mesi), ed eventua<span class=\"_ _1\"></span>li altri pres<span class=\"_ _1\"></span>titi inf<span class=\"_ _2\"></span>rutti<span class=\"_ _1\"></span>fer<span class=\"_ _2\"></span>i. Ind<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>bita<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>ne<span class=\"_ _e\"></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=\"_ _1a4\"> </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>1<span class=\"_ _21b\"> </span>V<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ni(m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro)A  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>de<span class=\"_ _247\"> </span>5<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,3<span class=\"_ _1a6\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,0<span class=\"_ _172\"> </span>(5<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>)B   <span class=\"_ _3\"></span> Mezz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> equ<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>de<span class=\"_ _10f\"> </span><span class=\"fc0\">-<span class=\"_ _124\"> </span></span>-<span class=\"_ _124\"> </span><span class=\"fc0\">-</span>C   <span class=\"_ _3\"></span> A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _246\"> </span>1,<span class=\"_ _2\"></span>9<span class=\"_ _dc\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _dc\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6D  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Liq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>(A+<span class=\"_ _3\"></span>B<span class=\"_ _e\"></span>+C<span class=\"_ _3\"></span>)<span class=\"_ _5b\"> </span>56<span class=\"_ _3\"></span>,2<span class=\"_ _28\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _17e\"> </span>(5<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1<span class=\"_ _3\"></span>)E   <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>De<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>e<span class=\"_ _248\"> </span>(3<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>)<span class=\"_ _21\"> </span>(42<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _dc\"> </span>6,<span class=\"_ _2\"></span>5d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i Pa<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 <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 pe<span class=\"_ _3\"></span>r <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<span class=\"_ _1\"></span> d<span class=\"_ _3\"></span>i lo<span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>z<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _c0\"> </span>(2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _1f4\"> </span>(2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,9<span class=\"_ _3\"></span>)<span class=\"_ _26\"> </span>1,<span class=\"_ _3\"></span>1F    <span class=\"_ _3\"></span> P<span class=\"_ _e\"></span>arte <span class=\"_ _3\"></span>corren<span class=\"_ _1\"></span>te del<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>no<span class=\"_ _2\"></span>n corren<span class=\"_ _2\"></span>te<span class=\"_ _239\"> </span>(2<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>)<span class=\"_ _21\"> </span>(24<span class=\"_ _2\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _244\"> </span>(0,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)G<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> I<span class=\"_ _3\"></span>nd<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>bi<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>io <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nte<span class=\"_ _e\"></span> (E+<span class=\"_ _3\"></span>F)<span class=\"_ _23f\"> </span>(6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _1f4\"> </span>(6<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>)<span class=\"_ _26\"> </span>6<span class=\"_ _3\"></span>,1H <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> Inde<span class=\"_ _e\"></span>b<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nto (dis<span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>ni<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _2\"></span>) <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>nte<span class=\"_ _3\"></span> (4<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)<span class=\"_ _40\"> </span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _1f4\"> </span>(5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)ne<span class=\"_ _e\"></span>tto <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>- D<span class=\"_ _3\"></span>)I  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Debi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> no<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>e<span class=\"_ _249\"> </span>(1<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>2)<span class=\"_ _b7\"> </span>(1<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>4)<span class=\"_ _1da\"> </span>2<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>2d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i Pa<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rr<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>r c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>tti di <span class=\"_ _3\"></span>loc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _1ad\"> </span>(13<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _b0\"> </span>(1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>)<span class=\"_ _40\"> </span>2<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,3J  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> Stru<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deb<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1b1\"> </span><span class=\"fc0\">-<span class=\"_ _124\"> </span></span>-<span class=\"_ _124\"> </span><span class=\"fc0\">-</span>K  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> D<span class=\"_ _3\"></span>ebi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rci<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>bi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _57\"> </span>-<span class=\"_ _124\"> </span><span class=\"fc0\">-</span>L   <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Inde<span class=\"_ _e\"></span>b<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> non c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>nte<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(I+<span class=\"_ _3\"></span>J<span class=\"_ _3\"></span>+<span class=\"_ _3\"></span>K<span class=\"_ _3\"></span>)<span class=\"_ _58\"> </span>(1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,2<span class=\"_ _3\"></span>)<span class=\"_ _b3\"> </span>(1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,4<span class=\"_ _3\"></span>)<span class=\"_ _40\"> </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>ta<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> ind<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>bita<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>(di<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>ponib<span class=\"_ _2\"></span>ilit\u00e0<span class=\"_ _2\"></span>) f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io<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=\"_ _b0\"> </span>(1<span class=\"_ _3\"></span>4<span class=\"_ _e\"></span>7,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _1f4\"> </span>(29<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(H+<span class=\"_ _3\"></span>L)Le passivit\u00e0 finan<span class=\"_ _1\"></span>ziarie del G<span class=\"_ _1\"></span>ruppo sono commentate<span class=\"_ _1\"></span> nella successiva N<span class=\"_ _1\"></span>ota <span class=\"ls1\">29.</span> 30.<span class=\"_ _2\"></span> Pas<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> co<span class=\"_ _2\"></span>rrent<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span> non<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>orr<span class=\"_ _2\"></span>enti <span class=\"_ _1\"></span>per<span class=\"_ _2\"></span> cont<span class=\"_ _1\"></span>ratt<span class=\"_ _2\"></span>i di <span class=\"_ _2\"></span>locaz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne In <span class=\"_ _2\"></span>queste <span class=\"_ _0\"></span>voci <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>classi<span class=\"_ _1\"></span>ficate, <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>me <span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>revisto <span class=\"_ _2\"></span>dal <span class=\"_ _0\"></span>principio <span class=\"_ _2\"></span>contabile <span class=\"_ _0\"></span>IFRS <span class=\"_ _2\"></span>16, <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _0\"></span>finanziarie <span class=\"_ _2\"></span>derivan<span class=\"_ _1\"></span>ti dai canoni di lo<span class=\"_ _1\"></span>cazione ancora d<span class=\"_ _1\"></span>a pagare. Rispetto <span class=\"_ _12\"> </span>all\u2019anno <span class=\"_ _12\"> </span>preceden<span class=\"_ _1\"></span>te <span class=\"_ _12\"> </span>la <span class=\"_\"> </span>p<span class=\"_ _2\"></span>as<span class=\"_ _3\"></span>sivit\u00e0 <span class=\"_ _12\"> </span>finanziaria <span class=\"_ _a\"> </span>\u00e8 <span class=\"_\"> </span>increment<span class=\"_ _1\"></span>ata <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>tenere <span class=\"_ _12\"> </span>conto <span class=\"_ _12\"> </span>degli <span class=\"_ _12\"> </span>interessi<span class=\"_ _3\"></span> <span class=\"_ _12\"> </span>che maturano, diminu<span class=\"_ _1\"></span>ita <span class=\"ls2\">in</span> co<span class=\"_ _1\"></span>rrelazione con i p<span class=\"_ _1\"></span>agamenti de<span class=\"_ _1\"></span>i canoni di locazi<span class=\"_ _1\"></span>one <span class=\"ff22\">e l\u2019acquisto dell\u2019immobile di via </span>Solferino e rettif<span class=\"_ _1\"></span>icata per tener c<span class=\"_ _1\"></span>onto di even<span class=\"_ _1\"></span>tuali ridetermina<span class=\"_ _1\"></span>zioni della p<span class=\"_ _1\"></span>assivit\u00e0 del <span class=\"_ _1\"></span>leasing. In particolare, a<span class=\"_ _1\"></span>l 31 dicembre <span class=\"ls6\">202</span>2:<span class=\"_ _2\"></span> <span class=\"ff1f fs7 fc0\">le <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _2\"></span>finanzi<span class=\"_ _1\"></span>arie <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>correnti <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>contratti <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>locazione <span class=\"_ _2\"></span>hanno <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>residuo <span class=\"_ _2\"></span>pari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>33,6 <span class=\"_ _2\"></span>milioni </span>(Euro 154,9 milioni <span class=\"_ _1\"></span>al 31 dice<span class=\"_ _1\"></span>mbre 2021) <span class=\"ff1f fs7 fc0\">le <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _e\"></span>finanziarie <span class=\"_ _11\"></span>correnti <span class=\"_ _11\"></span>per <span class=\"_ _6\"></span>contratti <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>locazione <span class=\"_ _11\"></span>hanno <span class=\"_ _11\"></span>un <span class=\"_ _6\"></span>valore <span class=\"_ _11\"></span>residuo <span class=\"_ _e\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>Euro <span class=\"_ _6\"></span>2<span class=\"_ _3\"></span>8,8 <span class=\"_ _11\"></span>milioni </span>(Euro 29,9 milioni <span class=\"_ _1\"></span>al 31 dic<span class=\"_ _1\"></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=\"_ _2\"></span>tivit<span class=\"_ _2\"></span>\u00e0 imma<span class=\"_ _1\"></span>ter<span class=\"_ _2\"></span>iali La<span class=\"ls0\"> movimentaz<span class=\"_ _1\"></span>ione delle i<span class=\"_ _1\"></span>mmobilizzazion<span class=\"_ _1\"></span>i immate<span class=\"_ _1\"></span>riali pu\u00f2 essere de<span class=\"_ _1\"></span>ttagliata co<span class=\"_ _1\"></span>me segu<span class=\"_ _1\"></span>e:<span class=\"_ _2\"></span> </span>De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneDir<span class=\"_ _2\"></span>itti Co<span class=\"_ _3\"></span>nce<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ioniAv<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>toAltr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>m. Imm<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>b.n<span class=\"_ _1\"></span>i inTotalete<span class=\"_ _e\"></span>le<span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>is<span class=\"_ _e\"></span>ivilice<span class=\"_ _e\"></span>nz<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>, <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>hiim<span class=\"_ _2\"></span>ma<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oe<span class=\"_ _e\"></span> te<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>ta<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> e<span class=\"_ _e\"></span>ditor<span class=\"_ _2\"></span>ial<span class=\"_ _1\"></span>iV<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>ori<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _77\"> </span>10<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _7c\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0,<span class=\"_ _3\"></span>4<span class=\"_ _75\"> </span>1<span class=\"_ _3\"></span>95<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _68\"> </span>0,2<span class=\"_ _68\"> </span>8,5<span class=\"_ _75\"> </span>9<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>5,<span class=\"_ _3\"></span>1Acqu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span> n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>tte<span class=\"_ _231\"> </span>1<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,1<span class=\"_ _159\"> </span>21<span class=\"_ _2\"></span>,4<span class=\"_ _159\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _7d\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _7d\"> </span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _232\"> </span>3<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,6Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>sval<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>tazi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _126\"> </span>(11<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>)<span class=\"_ _115\"> </span>(2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>)<span class=\"_ _10a\"> </span>-<span class=\"_ _115\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3)<span class=\"_ _20b\"> </span>-<span class=\"_ _15b\"> </span>(34<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>ov<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _233\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _e9\"> </span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _20b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _234\"> </span>(8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _234\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1)V<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>ori<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _77\"> </span>15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _7c\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>5,<span class=\"_ _3\"></span>5<span class=\"_ _75\"> </span>1<span class=\"_ _3\"></span>95<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _68\"> </span>0,3<span class=\"_ _68\"> </span>3,7<span class=\"_ _75\"> </span>9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0,<span class=\"_ _3\"></span>2L<span class=\"_ _1\"></span>a com<span class=\"_ _2\"></span>po<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _2\"></span>lle<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>im<span class=\"_ _2\"></span>mob<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>zz<span class=\"_ _1\"></span>az<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i imm<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>su<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>a bas<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>u<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span>le <span class=\"_ _3\"></span>de<span class=\"_ _2\"></span>lle<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>ste<span class=\"_ _2\"></span>ss<span class=\"_ _1\"></span>e pu<span class=\"_ _1\"></span>\u00f2 <span class=\"_ _3\"></span>es<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _1\"></span>tt<span class=\"_ _2\"></span>ag<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span>at<span class=\"_ _1\"></span>a co<span class=\"_ _2\"></span>me<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>se<span class=\"_ _2\"></span>gu<span class=\"_ _2\"></span>e: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneDir<span class=\"_ _2\"></span>itti Co<span class=\"_ _3\"></span>nce<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>io<span class=\"_ _3\"></span>niAv<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>ntoAltr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>m. Im<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>b.ni inTotalete<span class=\"_ _e\"></span>le<span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>is<span class=\"_ _e\"></span>ivilice<span class=\"_ _e\"></span>nz<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>,<span class=\"_ _3\"></span> ma<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>hiim<span class=\"_ _2\"></span>ma<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>ri<span class=\"_ _2\"></span>alico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oe<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>te<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>tate<span class=\"_ _e\"></span> e<span class=\"_ _e\"></span>ditor<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span>iVi<span class=\"_ _2\"></span>ta ut<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>defi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta<span class=\"_ _235\"> </span>-<span class=\"_ _7d\"> </span>65<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>6<span class=\"_ _8f\"> </span>19<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _ea\"> </span>-<span class=\"_ _21b\"> </span>-<span class=\"_ _232\"> </span>85<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>1Vi<span class=\"_ _2\"></span>ta ut<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>efi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta<span class=\"_ _1c4\"> </span>15<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _7d\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>9<span class=\"_ _ea\"> </span>-<span class=\"_ _20e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _213\"> </span>3,<span class=\"_ _2\"></span>7<span class=\"_ _8f\"> </span>13<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>1V<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>i n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>tti al<span class=\"_ _2\"></span> <span class=\"_ _3\"></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>2<span class=\"_ _236\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2<span class=\"_ _76\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _7c\"> </span>19<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _8c\"> </span>0,<span class=\"_ _3\"></span>3<span class=\"_ _81\"> </span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _66\"> </span>9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,2Diri<span class=\"_ _1\"></span>tt<span class=\"_ _2\"></span>i te<span class=\"_ _1\"></span>lev<span class=\"_ _2\"></span>isivi<span class=\"_ _2\"></span> La <span class=\"_ _a\"> </span>vo<span class=\"_ _1\"></span>ce <span class=\"_ _7\"></span>\u201cdir<span class=\"_ _1\"></span>itti<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>te<span class=\"_ _2\"></span>levis<span class=\"_ _2\"></span>ivi\u201d<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>in<span class=\"_ _1\"></span>clu<span class=\"_ _2\"></span>de <span class=\"_ _a\"> </span>gl<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>inves<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>e<span class=\"_ _1\"></span>ffe<span class=\"_ _1\"></span>ttu<span class=\"_ _2\"></span>ati <span class=\"_ _a\"> </span><span class=\"ls6\">da</span> <span class=\"_ _7\"></span>La7 <span class=\"_ _7\"></span>S.p.<span class=\"_ _1\"></span>A. <span class=\"_ _7\"></span><span class=\"ls16\">in</span> <span class=\"_ _a\"> </span>dirit<span class=\"_ _2\"></span>ti <span class=\"_ _a\"> </span>plu<span class=\"_ _2\"></span>rien<span class=\"_ _1\"></span>nal<span class=\"_ _2\"></span>i <span class=\"_ _12\"> </span>(di <span class=\"_ _12\"> </span>durat<span class=\"_ _1\"></span>a superiore a <span class=\"_ _1\"></span>12 <span class=\"_ _1\"></span>mesi) di <span class=\"_ _2\"></span>utilizzazione te<span class=\"_ _1\"></span>levisiva d<span class=\"_ _1\"></span>i film, <span class=\"_ _2\"></span>serie e telefil<span class=\"_ _1\"></span>m nonch\u00e9 <span class=\"_ _1\"></span>gli investimen<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>da <span class=\"_ _0\"></span>parte <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ls30\">RCS<span class=\"ls0\"> </span></span></span></span>in <span class=\"_ _2\"></span>diritti <span class=\"_ _0\"></span>per <span class=\"_ _2\"></span>opere <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>udiovisive <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>produzioni <span class=\"_ _2\"></span>esecut<span class=\"_ _1\"></span>ive <span class=\"_ _2\"></span>trasm<span class=\"_ _1\"></span>esse sui canal<span class=\"_ _1\"></span>i satellitari Caccia e Pesc<span class=\"_ _1\"></span>a. Conc<span class=\"_ _2\"></span>essi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>, <span class=\"_ _2\"></span>licen<span class=\"_ _2\"></span>ze,<span class=\"_ _1\"></span> ma<span class=\"_ _1\"></span>rch<span class=\"_ _2\"></span>i e te<span class=\"_ _2\"></span>state<span class=\"_ _2\"></span> edit<span class=\"_ _2\"></span>oriali<span class=\"_ _2\"></span> La<span class=\"ls0\"> voce concessio<span class=\"_ _1\"></span>ni, licenze, ma<span class=\"_ _1\"></span>rchi e testate <span class=\"_ _1\"></span>al 31 dicemb<span class=\"_ _1\"></span>re 2022 include pr<span class=\"_ _2\"></span>incip<span class=\"_ _2\"></span>almen<span class=\"_ _2\"></span>te: </span><span class=\"ff1f fs7 fc0 ls64\">il<span class=\"ls0\"> <span class=\"_ _e\"></span><span class=\"ff24\">f<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>r <span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lu<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ff1f\">at<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>rc<span class=\"_ _1\"></span>h<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>it<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>a vit<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>ut<span class=\"_ _2\"></span>ile<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ind<span class=\"_ _2\"></span>ef<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r Eu<span class=\"_ _2\"></span>ro <span class=\"ls1\">348,8</span> <span class=\"_ _e\"></span>m<span class=\"_ _1\"></span>il<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _11\"></span>e a te<span class=\"_ _1\"></span>st<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> </span></span></span></span>qu<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>idi<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>e sp<span class=\"_ _2\"></span>ag<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>le<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>a vi<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _2\"></span>ile<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>in<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>fi<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>per Euro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ls6\">295,2</span> <span class=\"_ _3\"></span>mili<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i. <span class=\"ls65\">RCS</span> <span class=\"_ _3\"></span>edi<span class=\"_ _2\"></span>ta <span class=\"ls16\">in</span> <span class=\"_ _3\"></span>Ita<span class=\"_ _1\"></span>lia<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>quo<span class=\"_ _1\"></span>tid<span class=\"_ _2\"></span>iani<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ff24\">Cor<span class=\"_ _2\"></span>riere<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span> </span>Ser<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span><span class=\"ff1f\">e <span class=\"_ _0\"></span><span class=\"ff24 ls5f\">La<span class=\"ls0\"> <span class=\"_ _2\"></span>Ga<span class=\"_ _1\"></span>zze<span class=\"_ _1\"></span>tta<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dello<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ff1f\">e<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>gn<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>uo<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>i <span class=\"_ _0\"></span><span class=\"ff24\">El<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Mu<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o<span class=\"ff1f ls66\">, <span class=\"_ _2\"></span><span class=\"ff24 ls0\">Ma<span class=\"_ _2\"></span>rc<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span><span class=\"ff1f\">ed<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ff24\">Ex<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span><span class=\"ff1f\">Ne<span class=\"_ _2\"></span>l <span class=\"_ _0\"></span>20<span class=\"_ _2\"></span>22<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> </span></span></span></span></span></span></span></span></span></span>n<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>R<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>eg<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>am<span class=\"_ _2\"></span>mi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>is<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>su<span class=\"_ _2\"></span>ll<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>, <span class=\"_ _0\"></span><span class=\"ff24\">Co<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _2\"></span>ll<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>a<span class=\"ff1f ls66\">, <span class=\"_ _2\"></span><span class=\"ff24 ls0\">La<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ze<span class=\"_ _2\"></span>tt<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>de<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>lo<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Sp<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>t<span class=\"ff1f ls66\">, <span class=\"_ _2\"></span><span class=\"ff24 ls0\">M<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>rc<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _0\"></span><span class=\"ff1f ls4\">ed<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _212\"></span><span class=\"ff24\">Expansi<span class=\"_ _3\"></span>\u00f3n </span></span></span></span></span></span></span></span>hanno <span class=\"_ _2\"></span>conferma<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span><span class=\"ls16\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>loro <span class=\"_ _0\"></span>leadership <span class=\"_ _2\"></span>nei <span class=\"_ _2\"></span>se<span class=\"_ _1\"></span>gmenti <span class=\"_ _2\"></span>di <span class=\"_ _0\"></span>riferimento; </span></span><span class=\"ff1f fs7 fc0 ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f\">attribuito, <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> ne<span class=\"_ _1\"></span>tto <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>ammortament<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>cumulati <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _2\"></span>2022, <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>marchi e <span class=\"_ _2\"></span>testate <span class=\"_ _2\"></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 a <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>utile definita <span class=\"_ _3\"></span>per Euro 10,5 milioni; gli <span class=\"_ _6\"></span>inve<span class=\"_ _1\"></span>sti<span class=\"_ _2\"></span>ment<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>sost<span class=\"_ _1\"></span>enu<span class=\"_ _2\"></span>ti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>l\u2019ac<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>licenz<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>tele<span class=\"_ _1\"></span>vis<span class=\"_ _2\"></span>ive <span class=\"_ _6\"></span>(Veo<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>Tele<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>) <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>radio<span class=\"_ _2\"></span>foni<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>(Radio <span class=\"_ _12\"> </span>de Aragon<span class=\"ff1f\">) valutat<span class=\"_ _1\"></span>i a vita utile<span class=\"_ _1\"></span> indefinita (Euro 1<span class=\"_ _1\"></span>2,6 milioni)<span class=\"_ _1\"></span>; </span><span class=\"ff1f fs7 fc0\">i <span class=\"_ _2\"></span>diritti <span class=\"_ _0\"></span><span class=\"ff22\">d\u2019uso<span class=\"ff1f\"> <span class=\"_ _0\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>frequ<span class=\"_ _1\"></span>enze <span class=\"_ _0\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>banda<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>televisiva <span class=\"_ _0\"></span>per <span class=\"_ _2\"></span>siste<span class=\"_ _1\"></span>mi <span class=\"_ _0\"></span>di <span class=\"_ _2\"></span>radiodiffus<span class=\"_ _1\"></span>ione <span class=\"_ _0\"></span>digitale <span class=\"_ _2\"></span>terrest<span class=\"_ _1\"></span>re <span class=\"_ _2\"></span>(Euro <span class=\"_ _2\"></span>29,3 <span class=\"_ _2\"></span>milioni<span class=\"_ _1\"></span>) </span></span></span></span></span></span></span>della societ\u00e0 Cai<span class=\"_ _1\"></span>ro Network. <span class=\"ff1f 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=\"_ _3\"></span>3<span class=\"_ _3\"></span>6,7 <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=\"_ _e\"></span>lo <span class=\"_ _3\"></span>sviluppo<span class=\"_ _1\"></span> </span>in <span class=\"_ _e\"></span>Italia <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>Spagna <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>siti <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nternet <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>nuovi <span class=\"_ _e\"></span>progetti <span class=\"_ _3\"></span>web, <span class=\"_ _e\"></span>tra <span class=\"_ _e\"></span>cui<span class=\"_ _3\"></span> <span class=\"_ _aa\"> </span>i <span class=\"_ _e\"></span>nuovi <span class=\"_ _e\"></span>progetti <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>digital <span class=\"_ _e\"></span>advertising <span class=\"_ _3\"></span>del Gruppo RCS, o<span class=\"_ _1\"></span>ltre che per <span class=\"_ _1\"></span>il potenziamento de<span class=\"_ _1\"></span>lle infrastrutture de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span> Gruppo. I marchi e <span class=\"_ _3\"></span>testate a <span class=\"_ _3\"></span>vita utile indefinita non sono soggetti ad <span class=\"_ _3\"></span>ammortamento e sono periodicamente<span class=\"_ _3\"></span> sottoposti a tes<span class=\"_ _1\"></span>t <span class=\"ls6\">di</span> <span class=\"_ _1\"></span><span class=\"ff24\">impairment <span class=\"_ _2\"></span><span class=\"ff1f\">mentre <span class=\"_ _1\"></span>i m<span class=\"_ _1\"></span>archi <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>testate a <span class=\"_ _2\"></span>vita utile <span class=\"_ _2\"></span>definita sono <span class=\"_ _2\"></span>sottoposti al <span class=\"_ _1\"></span>processo <span class=\"_ _1\"></span>di am<span class=\"_ _1\"></span>mortamento<span class=\"_ _1\"></span> </span></span>secondo <span class=\"_ _e\"></span>la <span class=\"_ _3\"></span>durata <span class=\"_ _e\"></span>della <span class=\"_ _3\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _e\"></span>ad <span class=\"_ _e\"></span>essi <span class=\"_ _3\"></span>assegnata <span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>30 <span class=\"_ _3\"></span>anni) <span class=\"_ _e\"></span>e, <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>presenza <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>indicatori <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>perdita <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>valore, assoggettati <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>test <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span><span class=\"ff24\">impairment <span class=\"_ _e\"></span><span class=\"ff22\">volto <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>valutare <span class=\"_ _e\"></span>l\u2019eventuale <span class=\"_ _e\"></span>esistenza <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>perdite <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>va</span></span>lore <span class=\"_ _11\"></span>rispetto <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore rec<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> Avv<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>o La voce, pari a Euro 1<span class=\"_ _1\"></span>95,5 milioni, i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>lud<span class=\"_ _2\"></span>e: per <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>per <span class=\"_ _a\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _7\"></span>188,3 <span class=\"_ _7\"></span><span class=\"ff22\">l\u2019avviamento <span class=\"_ _7\"> </span>derivante <span class=\"_ _6\"> </span>dalla <span class=\"_ _a\"> </span><span class=\"ff24\">business <span class=\"_ _6\"></span>combination <span class=\"_ _7\"></span></span></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>stato determinato <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>residuale <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>differenz<span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>costo <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _2\"></span>operazione <span class=\"_ _2\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls16\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>patrimonio <span class=\"_ _2\"></span>net<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>acquisito, </span></span></span></span></span></span>dopo <span class=\"_ _e\"></span>avere <span class=\"_ _11\"></span>espresso <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _11\"></span>value <span class=\"_ _e\"></span></span>tutte <span class=\"_ _11\"></span>le <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>passivit\u00e0 <span class=\"_ _e\"></span>oggetto <span class=\"_ _e\"></span>della <span class=\"_ _11\"></span>operazione <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>allocato <span class=\"_ _e\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>Gruppo RCS<span class=\"ls0\"> nel <span class=\"_ _1\"></span>suo co<span class=\"_ _1\"></span>mplesso. </span><span class=\"ff1f fc0\">per<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>E<span class=\"_ _1\"></span>uro<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls6\">7,1<span class=\"ls0\"> <span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i,<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>gli<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>vv<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _2\"></span>ti <span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>icond<span class=\"_ _1\"></span>uci<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>ili<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>all<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span><span class=\"ff24\">cas<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>gen<span class=\"_ _2\"></span>eratin<span class=\"_ _2\"></span>g <span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>t <span class=\"_ _0\"></span><span class=\"ff1f\">(CGU<span class=\"_ _2\"></span>) <span class=\"_ _2\"></span>rap<span class=\"_ _2\"></span>pres<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>dal settore </span></span></span></span></span>editoriale periodi<span class=\"_ _1\"></span>ci di Cairo Edito<span class=\"_ _1\"></span>re, al se<span class=\"_ _1\"></span>ttore concessionar<span class=\"_ _1\"></span>ie e a Il Trova<span class=\"_ _1\"></span>tore. Ai <span class=\"_ _a\"> </span>sensi <span class=\"_ _a\"> </span>del<span class=\"_ _1\"></span>lo <span class=\"_ _a\"> </span>IAS <span class=\"_ _7\"></span>36 <span class=\"_ _a\"> </span>gli avviamenti <span class=\"_ _7\"></span>vengono <span class=\"_ _a\"> </span>al<span class=\"_ _1\"></span>meno <span class=\"_ _a\"> </span>annual<span class=\"_ _1\"></span>mente <span class=\"_ _7\"></span>sottoposti <span class=\"_ _7\"></span>a <span class=\"_ _a\"> </span>test <span class=\"_ _a\"> </span>di <span class=\"ff24\">impairme<span class=\"_ _1\"></span>nt <span class=\"ff1f\">con le<span class=\"_ _1\"></span> modalit\u00e0 comm<span class=\"_ _1\"></span>entate nel </span></span>paragrafo dedicato <span class=\"_ _1\"></span>al proce<span class=\"_ _1\"></span>sso di <span class=\"ff24\">impairment t<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> </span>Imm<span class=\"_ _2\"></span>obiliz<span class=\"_ _2\"></span>zazi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span> in<span class=\"_ _2\"></span> cor<span class=\"_ _1\"></span>so<span class=\"_ _2\"></span> <span class=\"ff1f fc0\">La <span class=\"_ _e\"></span>vo<span class=\"ff22\">ce <span class=\"_ _3\"></span>\u201cimmobilizzazioni<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>in <span class=\"_ _3\"></span>corso\u201d <span class=\"_ _e\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span><span class=\"ff1f\">3,7 <span class=\"_ _e\"></span>milioni <span class=\"_ _3\"></span>include <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>diritti <span class=\"_ _3\"></span>televisivi <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>verranno <span class=\"_ _e\"></span>sfrutta<span class=\"_ _1\"></span>ti </span></span></span>negli <span class=\"_ _e\"></span>esercizi <span class=\"_ _e\"></span>futuri <span class=\"_ _3\"></span>nonch\u00e9 <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>costi <span class=\"_ _e\"></span>sostenuti <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span><span class=\"ls2\">lo</span> <span class=\"_ _e\"></span>sviluppo <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>progetti <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>ambito <span class=\"_ _11\"></span><span class=\"ff24\">information <span class=\"_ _e\"></span>technology <span class=\"_ _11\"></span></span>in attesa di entrare i<span class=\"_ _1\"></span>n funziona<span class=\"_ _1\"></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=\"_ _2\"></span>tivit<span class=\"_ _2\"></span>\u00e0 imma<span class=\"_ _1\"></span>ter<span class=\"_ _2\"></span>iali La<span class=\"ls0\"> movimentaz<span class=\"_ _1\"></span>ione delle i<span class=\"_ _1\"></span>mmobilizzazion<span class=\"_ _1\"></span>i immate<span class=\"_ _1\"></span>riali pu\u00f2 essere de<span class=\"_ _1\"></span>ttagliata co<span class=\"_ _1\"></span>me segu<span class=\"_ _1\"></span>e:<span class=\"_ _2\"></span> </span>De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneDir<span class=\"_ _2\"></span>itti Co<span class=\"_ _3\"></span>nce<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ioniAv<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>toAltr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>m. Imm<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>b.n<span class=\"_ _1\"></span>i inTotalete<span class=\"_ _e\"></span>le<span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>is<span class=\"_ _e\"></span>ivilice<span class=\"_ _e\"></span>nz<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>, <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>hiim<span class=\"_ _2\"></span>ma<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oe<span class=\"_ _e\"></span> te<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>ta<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> e<span class=\"_ _e\"></span>ditor<span class=\"_ _2\"></span>ial<span class=\"_ _1\"></span>iV<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>ori<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _77\"> </span>10<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _7c\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0,<span class=\"_ _3\"></span>4<span class=\"_ _75\"> </span>1<span class=\"_ _3\"></span>95<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _68\"> </span>0,2<span class=\"_ _68\"> </span>8,5<span class=\"_ _75\"> </span>9<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>5,<span class=\"_ _3\"></span>1Acqu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span> n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>tte<span class=\"_ _231\"> </span>1<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,1<span class=\"_ _159\"> </span>21<span class=\"_ _2\"></span>,4<span class=\"_ _159\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _7d\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _7d\"> </span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _232\"> </span>3<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,6Am<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rtam<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>sval<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>tazi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _126\"> </span>(11<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>)<span class=\"_ _115\"> </span>(2<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>)<span class=\"_ _10a\"> </span>-<span class=\"_ _115\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3)<span class=\"_ _20b\"> </span>-<span class=\"_ _15b\"> </span>(34<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>ov<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _233\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _e9\"> </span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _20b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _234\"> </span>(8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _234\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1)V<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>ori<span class=\"_ _1\"></span> ne<span class=\"_ _e\"></span>tti 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=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _77\"> </span>15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _7c\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>5,<span class=\"_ _3\"></span>5<span class=\"_ _75\"> </span>1<span class=\"_ _3\"></span>95<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _68\"> </span>0,3<span class=\"_ _68\"> </span>3,7<span class=\"_ _75\"> </span>9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0,<span class=\"_ _3\"></span>2L<span class=\"_ _1\"></span>a com<span class=\"_ _2\"></span>po<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _2\"></span>lle<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>im<span class=\"_ _2\"></span>mob<span class=\"_ _2\"></span>ili<span class=\"_ _2\"></span>zz<span class=\"_ _1\"></span>az<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i imm<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>su<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>a bas<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>vi<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>u<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span>le <span class=\"_ _3\"></span>de<span class=\"_ _2\"></span>lle<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>ste<span class=\"_ _2\"></span>ss<span class=\"_ _1\"></span>e pu<span class=\"_ _1\"></span>\u00f2 <span class=\"_ _3\"></span>es<span class=\"_ _2\"></span>ser<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _1\"></span>tt<span class=\"_ _2\"></span>ag<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span>at<span class=\"_ _1\"></span>a co<span class=\"_ _2\"></span>me<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>se<span class=\"_ _2\"></span>gu<span class=\"_ _2\"></span>e: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneDir<span class=\"_ _2\"></span>itti Co<span class=\"_ _3\"></span>nce<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>io<span class=\"_ _3\"></span>niAv<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>ntoAltr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>im<span class=\"_ _2\"></span>m. Im<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>b.ni inTotalete<span class=\"_ _e\"></span>le<span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>is<span class=\"_ _e\"></span>ivilice<span class=\"_ _e\"></span>nz<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>,<span class=\"_ _3\"></span> ma<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>hiim<span class=\"_ _2\"></span>ma<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>ri<span class=\"_ _2\"></span>alico<span class=\"_ _3\"></span>rs<span class=\"_ _3\"></span>oe<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>te<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>tate<span class=\"_ _e\"></span> e<span class=\"_ _e\"></span>ditor<span class=\"_ _2\"></span>ial<span class=\"_ _2\"></span>iVi<span class=\"_ _2\"></span>ta ut<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>defi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta<span class=\"_ _235\"> </span>-<span class=\"_ _7d\"> </span>65<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>6<span class=\"_ _8f\"> </span>19<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _ea\"> </span>-<span class=\"_ _21b\"> </span>-<span class=\"_ _232\"> </span>85<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>1Vi<span class=\"_ _2\"></span>ta ut<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>efi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta<span class=\"_ _1c4\"> </span>15<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _7d\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>9<span class=\"_ _ea\"> </span>-<span class=\"_ _20e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _213\"> </span>3,<span class=\"_ _2\"></span>7<span class=\"_ _8f\"> </span>13<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>1V<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>i n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>tti al<span class=\"_ _2\"></span> <span class=\"_ _3\"></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>2<span class=\"_ _236\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2<span class=\"_ _76\"> </span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _7c\"> </span>19<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _8c\"> </span>0,<span class=\"_ _3\"></span>3<span class=\"_ _81\"> </span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _66\"> </span>9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,2Diri<span class=\"_ _1\"></span>tt<span class=\"_ _2\"></span>i te<span class=\"_ _1\"></span>lev<span class=\"_ _2\"></span>isivi<span class=\"_ _2\"></span> La <span class=\"_ _a\"> </span>vo<span class=\"_ _1\"></span>ce <span class=\"_ _7\"></span>\u201cdir<span class=\"_ _1\"></span>itti<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>te<span class=\"_ _2\"></span>levis<span class=\"_ _2\"></span>ivi\u201d<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>in<span class=\"_ _1\"></span>clu<span class=\"_ _2\"></span>de <span class=\"_ _a\"> </span>gl<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>inves<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>e<span class=\"_ _1\"></span>ffe<span class=\"_ _1\"></span>ttu<span class=\"_ _2\"></span>ati <span class=\"_ _a\"> </span><span class=\"ls6\">da</span> <span class=\"_ _7\"></span>La7 <span class=\"_ _7\"></span>S.p.<span class=\"_ _1\"></span>A. <span class=\"_ _7\"></span><span class=\"ls16\">in</span> <span class=\"_ _a\"> </span>dirit<span class=\"_ _2\"></span>ti <span class=\"_ _a\"> </span>plu<span class=\"_ _2\"></span>rien<span class=\"_ _1\"></span>nal<span class=\"_ _2\"></span>i <span class=\"_ _12\"> </span>(di <span class=\"_ _12\"> </span>durat<span class=\"_ _1\"></span>a superiore a <span class=\"_ _1\"></span>12 <span class=\"_ _1\"></span>mesi) di <span class=\"_ _2\"></span>utilizzazione te<span class=\"_ _1\"></span>levisiva d<span class=\"_ _1\"></span>i film, <span class=\"_ _2\"></span>serie e telefil<span class=\"_ _1\"></span>m nonch\u00e9 <span class=\"_ _1\"></span>gli investimen<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>da <span class=\"_ _0\"></span>parte <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ls30\">RCS<span class=\"ls0\"> </span></span></span></span>in <span class=\"_ _2\"></span>diritti <span class=\"_ _0\"></span>per <span class=\"_ _2\"></span>opere <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>udiovisive <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>produzioni <span class=\"_ _2\"></span>esecut<span class=\"_ _1\"></span>ive <span class=\"_ _2\"></span>trasm<span class=\"_ _1\"></span>esse sui canal<span class=\"_ _1\"></span>i satellitari Caccia e Pesc<span class=\"_ _1\"></span>a. Conc<span class=\"_ _2\"></span>essi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>, <span class=\"_ _2\"></span>licen<span class=\"_ _2\"></span>ze,<span class=\"_ _1\"></span> ma<span class=\"_ _1\"></span>rch<span class=\"_ _2\"></span>i e te<span class=\"_ _2\"></span>state<span class=\"_ _2\"></span> edit<span class=\"_ _2\"></span>oriali<span class=\"_ _2\"></span> La<span class=\"ls0\"> voce concessio<span class=\"_ _1\"></span>ni, licenze, ma<span class=\"_ _1\"></span>rchi e testate <span class=\"_ _1\"></span>al 31 dicemb<span class=\"_ _1\"></span>re 2022 include pr<span class=\"_ _2\"></span>incip<span class=\"_ _2\"></span>almen<span class=\"_ _2\"></span>te: </span><span class=\"ff1f fs7 fc0 ls64\">il<span class=\"ls0\"> <span class=\"_ _e\"></span><span class=\"ff24\">f<span class=\"_ _2\"></span>ai<span class=\"_ _2\"></span>r <span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>lu<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ff1f\">at<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>it<span class=\"_ _2\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>rc<span class=\"_ _1\"></span>h<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>it<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>a vit<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>ut<span class=\"_ _2\"></span>ile<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ind<span class=\"_ _2\"></span>ef<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r Eu<span class=\"_ _2\"></span>ro <span class=\"ls1\">348,8</span> <span class=\"_ _e\"></span>m<span class=\"_ _1\"></span>il<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _11\"></span>e a te<span class=\"_ _1\"></span>st<span class=\"_ _2\"></span>ate<span class=\"_ _2\"></span> </span></span></span></span>qu<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>idi<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>e sp<span class=\"_ _2\"></span>ag<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>le<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>a vi<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _2\"></span>ile<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>in<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>fi<span class=\"_ _2\"></span>nit<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>per Euro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span><span class=\"ls6\">295,2</span> <span class=\"_ _3\"></span>mili<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i. <span class=\"ls65\">RCS</span> <span class=\"_ _3\"></span>edi<span class=\"_ _2\"></span>ta <span class=\"ls16\">in</span> <span class=\"_ _3\"></span>Ita<span class=\"_ _1\"></span>lia<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>quo<span class=\"_ _1\"></span>tid<span class=\"_ _2\"></span>iani<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ff24\">Cor<span class=\"_ _2\"></span>riere<span class=\"_ _1\"></span> dell<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span> </span>Ser<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span><span class=\"ff1f\">e <span class=\"_ _0\"></span><span class=\"ff24 ls5f\">La<span class=\"ls0\"> <span class=\"_ _2\"></span>Ga<span class=\"_ _1\"></span>zze<span class=\"_ _1\"></span>tta<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dello<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span>rt<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ff1f\">e<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>gn<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>uo<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>i <span class=\"_ _0\"></span><span class=\"ff24\">El<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Mu<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o<span class=\"ff1f ls66\">, <span class=\"_ _2\"></span><span class=\"ff24 ls0\">Ma<span class=\"_ _2\"></span>rc<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span><span class=\"ff1f\">ed<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ff24\">Ex<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>. <span class=\"_ _0\"></span><span class=\"ff1f\">Ne<span class=\"_ _2\"></span>l <span class=\"_ _0\"></span>20<span class=\"_ _2\"></span>22<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>me<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> </span></span></span></span></span></span></span></span></span></span>n<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>R<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>eg<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>am<span class=\"_ _2\"></span>mi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>is<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>at<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>su<span class=\"_ _2\"></span>ll<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>ne<span class=\"_ _2\"></span>, <span class=\"_ _0\"></span><span class=\"ff24\">Co<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>ere<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _2\"></span>ll<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>S<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>a<span class=\"ff1f ls66\">, <span class=\"_ _2\"></span><span class=\"ff24 ls0\">La<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>G<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ze<span class=\"_ _2\"></span>tt<span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>de<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>lo<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Sp<span class=\"_ _2\"></span>or<span class=\"_ _2\"></span>t<span class=\"ff1f ls66\">, <span class=\"_ _2\"></span><span class=\"ff24 ls0\">M<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>rc<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _0\"></span><span class=\"ff1f ls4\">ed<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _212\"></span><span class=\"ff24\">Expansi<span class=\"_ _3\"></span>\u00f3n </span></span></span></span></span></span></span></span>hanno <span class=\"_ _2\"></span>conferma<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span><span class=\"ls16\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>loro <span class=\"_ _0\"></span>leadership <span class=\"_ _2\"></span>nei <span class=\"_ _2\"></span>se<span class=\"_ _1\"></span>gmenti <span class=\"_ _2\"></span>di <span class=\"_ _0\"></span>riferimento; </span></span><span class=\"ff1f fs7 fc0 ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f\">attribuito, <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> ne<span class=\"_ _1\"></span>tto <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>ammortament<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>cumulati <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _2\"></span>2022, <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>marchi e <span class=\"_ _2\"></span>testate <span class=\"_ _2\"></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 a <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>utile definita <span class=\"_ _3\"></span>per Euro 10,5 milioni; gli <span class=\"_ _6\"></span>inve<span class=\"_ _1\"></span>sti<span class=\"_ _2\"></span>ment<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>sost<span class=\"_ _1\"></span>enu<span class=\"_ _2\"></span>ti <span class=\"_ _7\"></span>per <span class=\"_ _6\"></span>l\u2019ac<span class=\"_ _1\"></span>qu<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>licenz<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>tele<span class=\"_ _1\"></span>vis<span class=\"_ _2\"></span>ive <span class=\"_ _6\"></span>(Veo<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>Tele<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>) <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>radio<span class=\"_ _2\"></span>foni<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>(Radio <span class=\"_ _12\"> </span>de Aragon<span class=\"ff1f\">) valutat<span class=\"_ _1\"></span>i a vita utile<span class=\"_ _1\"></span> indefinita (Euro 1<span class=\"_ _1\"></span>2,6 milioni)<span class=\"_ _1\"></span>; </span><span class=\"ff1f fs7 fc0\">i <span class=\"_ _2\"></span>diritti <span class=\"_ _0\"></span><span class=\"ff22\">d\u2019uso<span class=\"ff1f\"> <span class=\"_ _0\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>frequ<span class=\"_ _1\"></span>enze <span class=\"_ _0\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _0\"></span>banda<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>televisiva <span class=\"_ _0\"></span>per <span class=\"_ _2\"></span>siste<span class=\"_ _1\"></span>mi <span class=\"_ _0\"></span>di <span class=\"_ _2\"></span>radiodiffus<span class=\"_ _1\"></span>ione <span class=\"_ _0\"></span>digitale <span class=\"_ _2\"></span>terrest<span class=\"_ _1\"></span>re <span class=\"_ _2\"></span>(Euro <span class=\"_ _2\"></span>29,3 <span class=\"_ _2\"></span>milioni<span class=\"_ _1\"></span>) </span></span></span></span></span></span></span>della societ\u00e0 Cai<span class=\"_ _1\"></span>ro Network. <span class=\"ff1f 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=\"_ _3\"></span>3<span class=\"_ _3\"></span>6,7 <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=\"_ _e\"></span>lo <span class=\"_ _3\"></span>sviluppo<span class=\"_ _1\"></span> </span>in <span class=\"_ _e\"></span>Italia <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>Spagna <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>siti <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nternet <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>nuovi <span class=\"_ _e\"></span>progetti <span class=\"_ _3\"></span>web, <span class=\"_ _e\"></span>tra <span class=\"_ _e\"></span>cui<span class=\"_ _3\"></span> <span class=\"_ _aa\"> </span>i <span class=\"_ _e\"></span>nuovi <span class=\"_ _e\"></span>progetti <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>digital <span class=\"_ _e\"></span>advertising <span class=\"_ _3\"></span>del Gruppo RCS, o<span class=\"_ _1\"></span>ltre che per <span class=\"_ _1\"></span>il potenziamento de<span class=\"_ _1\"></span>lle infrastrutture de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span> Gruppo. I marchi e <span class=\"_ _3\"></span>testate a <span class=\"_ _3\"></span>vita utile indefinita non sono soggetti ad <span class=\"_ _3\"></span>ammortamento e sono periodicamente<span class=\"_ _3\"></span> sottoposti a tes<span class=\"_ _1\"></span>t <span class=\"ls6\">di</span> <span class=\"_ _1\"></span><span class=\"ff24\">impairment <span class=\"_ _2\"></span><span class=\"ff1f\">mentre <span class=\"_ _1\"></span>i m<span class=\"_ _1\"></span>archi <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>testate a <span class=\"_ _2\"></span>vita utile <span class=\"_ _2\"></span>definita sono <span class=\"_ _2\"></span>sottoposti al <span class=\"_ _1\"></span>processo <span class=\"_ _1\"></span>di am<span class=\"_ _1\"></span>mortamento<span class=\"_ _1\"></span> </span></span>secondo <span class=\"_ _e\"></span>la <span class=\"_ _3\"></span>durata <span class=\"_ _e\"></span>della <span class=\"_ _3\"></span>vita <span class=\"_ _e\"></span>utile <span class=\"_ _e\"></span>ad <span class=\"_ _e\"></span>essi <span class=\"_ _3\"></span>assegnata <span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>30 <span class=\"_ _3\"></span>anni) <span class=\"_ _e\"></span>e, <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>presenza <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>indicatori <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>perdita <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>valore, assoggettati <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>test <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span><span class=\"ff24\">impairment <span class=\"_ _e\"></span><span class=\"ff22\">volto <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>valutare <span class=\"_ _e\"></span>l\u2019eventuale <span class=\"_ _e\"></span>esistenza <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>perdite <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>va</span></span>lore <span class=\"_ _11\"></span>rispetto <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>valore rec<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> Imm<span class=\"_ _2\"></span>obiliz<span class=\"_ _2\"></span>zazi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span> in<span class=\"_ _2\"></span> cor<span class=\"_ _1\"></span>so<span class=\"_ _2\"></span> <span class=\"ff1f fc0\">La <span class=\"_ _e\"></span>vo<span class=\"ff22\">ce <span class=\"_ _3\"></span>\u201cimmobilizzazioni<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>in <span class=\"_ _3\"></span>corso\u201d <span class=\"_ _e\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span><span class=\"ff1f\">3,7 <span class=\"_ _e\"></span>milioni <span class=\"_ _3\"></span>include <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>diritti <span class=\"_ _3\"></span>televisivi <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>verranno <span class=\"_ _e\"></span>sfrutta<span class=\"_ _1\"></span>ti </span></span></span>negli <span class=\"_ _e\"></span>esercizi <span class=\"_ _e\"></span>futuri <span class=\"_ _3\"></span>nonch\u00e9 <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>costi <span class=\"_ _e\"></span>sostenuti <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span><span class=\"ls2\">lo</span> <span class=\"_ _e\"></span>sviluppo <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>progetti <span class=\"_ _11\"></span>in <span class=\"_ _11\"></span>ambito <span class=\"_ _11\"></span><span class=\"ff24\">information <span class=\"_ _e\"></span>technology <span class=\"_ _11\"></span></span>in attesa di entrare i<span class=\"_ _1\"></span>n funziona<span class=\"_ _1\"></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=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>o La voce, pari a Euro 1<span class=\"_ _1\"></span>95,5 milioni, i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>lud<span class=\"_ _2\"></span>e: per <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>per <span class=\"_ _a\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _7\"></span>188,3 <span class=\"_ _7\"></span><span class=\"ff22\">l\u2019avviamento <span class=\"_ _7\"> </span>derivante <span class=\"_ _6\"> </span>dalla <span class=\"_ _a\"> </span><span class=\"ff24\">business <span class=\"_ _6\"></span>combination <span class=\"_ _7\"></span></span></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _7\"></span>RCS <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>stato determinato <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>residuale <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>differenz<span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>costo <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _2\"></span>operazione <span class=\"_ _2\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls16\">il<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>patrimonio <span class=\"_ _2\"></span>net<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>acquisito, </span></span></span></span></span></span>dopo <span class=\"_ _e\"></span>avere <span class=\"_ _11\"></span>espresso <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span><span class=\"ff24\">fair <span class=\"_ _11\"></span>value <span class=\"_ _e\"></span></span>tutte <span class=\"_ _11\"></span>le <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>passivit\u00e0 <span class=\"_ _e\"></span>oggetto <span class=\"_ _e\"></span>della <span class=\"_ _11\"></span>operazione <span class=\"_ _e\"></span>ed <span class=\"_ _e\"></span>allocato <span class=\"_ _e\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>Gruppo RCS<span class=\"ls0\"> nel <span class=\"_ _1\"></span>suo co<span class=\"_ _1\"></span>mplesso. </span><span class=\"ff1f fc0\">per<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>E<span class=\"_ _1\"></span>uro<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls6\">7,1<span class=\"ls0\"> <span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i,<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>gli<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>vv<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _2\"></span>ti <span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>icond<span class=\"_ _1\"></span>uci<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>ili<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>all<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span><span class=\"ff24\">cas<span class=\"_ _2\"></span>h <span class=\"_ _2\"></span>gen<span class=\"_ _2\"></span>eratin<span class=\"_ _2\"></span>g <span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>t <span class=\"_ _0\"></span><span class=\"ff1f\">(CGU<span class=\"_ _2\"></span>) <span class=\"_ _2\"></span>rap<span class=\"_ _2\"></span>pres<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>dal settore </span></span></span></span></span>editoriale periodi<span class=\"_ _1\"></span>ci di Cairo Edito<span class=\"_ _1\"></span>re, al se<span class=\"_ _1\"></span>ttore concessionar<span class=\"_ _1\"></span>ie e a Il Trova<span class=\"_ _1\"></span>tore. Ai <span class=\"_ _a\"> </span>sensi <span class=\"_ _a\"> </span>del<span class=\"_ _1\"></span>lo <span class=\"_ _a\"> </span>IAS <span class=\"_ _7\"></span>36 <span class=\"_ _a\"> </span>gli avviamenti <span class=\"_ _7\"></span>vengono <span class=\"_ _a\"> </span>al<span class=\"_ _1\"></span>meno <span class=\"_ _a\"> </span>annual<span class=\"_ _1\"></span>mente <span class=\"_ _7\"></span>sottoposti <span class=\"_ _7\"></span>a <span class=\"_ _a\"> </span>test <span class=\"_ _a\"> </span>di <span class=\"ff24\">impairme<span class=\"_ _1\"></span>nt <span class=\"ff1f\">con le<span class=\"_ _1\"></span> modalit\u00e0 comm<span class=\"_ _1\"></span>entate nel </span></span>paragrafo dedicato <span class=\"_ _1\"></span>al proce<span class=\"_ _1\"></span>sso di <span class=\"ff24\">impairment t<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> </span>",
   "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=\"_ _2\"></span>airme<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span> t<span class=\"_ _2\"></span>es<span class=\"_ _1\"></span>t Ai <span class=\"_ _1\"></span>sensi <span class=\"_ _1\"></span>dello <span class=\"_ _1\"></span>IAS <span class=\"_ _2\"></span>36 le <span class=\"_ _2\"></span>attivit\u00e0 immateri<span class=\"_ _1\"></span>ali <span class=\"_ _1\"></span>a v<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ta u<span class=\"_ _1\"></span>tile <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ndefinita, <span class=\"_ _2\"></span>l\u2019avviamento e <span class=\"_ _2\"></span>le <span class=\"_ _1\"></span>immobilizzaz<span class=\"_ _1\"></span>ioni <span class=\"ff1f\">in co<span class=\"_ _1\"></span>rso </span>non vengono ammortizzati, ma <span class=\"_ _3\"></span>sottoposti alla verifica del <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>recu<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>bi<span class=\"_ _2\"></span>le <span class=\"_ _1\"></span>(<span class=\"ff24\">im<span class=\"_ _2\"></span>pair<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt <span class=\"_ _2\"></span>tes<span class=\"_ _2\"></span>t<span class=\"ff1f\">) <span class=\"_ _1\"></span><span class=\"ls6\">ogni<span class=\"ls0\"> q<span class=\"_ _2\"></span>ualv<span class=\"_ _1\"></span>olt<span class=\"_ _2\"></span>a </span></span></span></span>si<span class=\"ls0\"> <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>za <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>fa<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>cir<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ze <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>he<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sso<span class=\"_ _2\"></span>no f<span class=\"_ _1\"></span>ar pre<span class=\"_ _1\"></span>sumere <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>rischio d<span class=\"_ _1\"></span>i p<span class=\"_ _1\"></span>erdita <span class=\"_ _1\"></span>di valo<span class=\"_ _1\"></span>re e, <span class=\"_ _2\"></span>comunque, con </span></span></span></span></span>cadenza <span class=\"_\"> </span>almeno <span class=\"_\"> </span>annua<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>e. <span class=\"_ _c\"> </span>La <span class=\"_\"> </span>recuperab<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_\"> </span>del <span class=\"_\"> </span>valore <span class=\"_\"> </span>de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>le <span class=\"_\"> </span>attivit\u00e0 <span class=\"_\"> </span>a <span class=\"_\"> </span>vi<span class=\"_ _1\"></span>ta <span class=\"_\"> </span>utile <span class=\"_\"> </span>def<span class=\"_ _1\"></span>inita, <span class=\"_\"> </span>sottoposte<span class=\"_ _1\"></span> <span class=\"_\"> </span>ad ammortamento <span class=\"_ _11\"></span>sulla base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>loro <span class=\"_ _3\"></span>vita utile, <span class=\"_ _3\"></span>viene accertata <span class=\"_ _3\"></span><span class=\"ls16\">in</span> <span class=\"_ _3\"></span>presenza <span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>indicatori che <span class=\"_ _3\"></span>facciano supporre l\u2019esistenza di un <span class=\"_ _1\"></span>rischio di <span class=\"_ _1\"></span>perdita di val<span class=\"_ _1\"></span>ore.<span class=\"ff1f\"> </span>Di <span class=\"_ _12\"> </span>seguito <span class=\"_\"> </span>v<span class=\"_ _1\"></span>engono <span class=\"_ _12\"> </span>elencate <span class=\"_ _12\"> </span><span class=\"ls2\">le</span> <span class=\"_ _12\"> </span>attivit\u00e0 <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>vita <span class=\"_ _12\"> </span>utile <span class=\"_ _12\"> </span>indefinita, <span class=\"_ _12\"> </span>iscritte <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>bilancio <span class=\"_ _12\"> </span>consolida<span class=\"_ _1\"></span>to <span class=\"_\"> </span>di <span class=\"_\"> </span>Cairo Communication<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>seguito <span class=\"_ _e\"></span>dalla <span class=\"_ _e\"></span><span class=\"ff24\">business <span class=\"_ _e\"></span>combina<span class=\"_ _1\"></span>tion <span class=\"_ _e\"></span><span class=\"ff1f\">del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>RCS, <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>state <span class=\"_ _e\"></span>assogg<span class=\"_ _1\"></span>ettate <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span><span class=\"ff24\">test <span class=\"_ _e\"></span>di </span></span></span>impairment <span class=\"ff1f\">al 31 di<span class=\"_ _1\"></span>cembre 2022:<span class=\"_ _1\"></span> </span><span class=\"ff1f fs7 fc0\">t<span class=\"_ _3\"></span>estate quotidiane italiane riconducibili ai sistemi <span class=\"_ _3\"></span><span class=\"ff24\">Corriere della Sera</span> <span class=\"ls4\">e <span class=\"_ _3\"></span></span><span class=\"ff24\">La Gazzetta dello <span class=\"_ _3\"></span>Sport</span>, eventi (e siti </span>online e marchi a <span class=\"_ _1\"></span>essi corre<span class=\"_ _1\"></span>lati), <span class=\"_ _2\"></span>isc<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>tt<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _2\"></span>co<span class=\"_ _2\"></span>mpl<span class=\"_ _2\"></span>ess<span class=\"_ _2\"></span>iv<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>E<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span> <span class=\"ls1\">348,8</span> <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>il<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>i;<span class=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">t<span class=\"_ _3\"></span>estate <span class=\"_ _11\"></span>quotidiane <span class=\"_ _11\"></span>spagnole <span class=\"_ _11\"></span>riconducibili <span class=\"_ _11\"></span>ai <span class=\"_ _11\"></span>sistemi <span class=\"_ _6\"></span><span class=\"ff24\">El <span class=\"_ _11\"></span>Mundo</span>, <span class=\"_ _6\"></span><span class=\"ff24\">Marca <span class=\"_ _11\"></span></span><span class=\"ls4\">e <span class=\"_ _11\"></span></span><span class=\"ff24\">Expansion, <span class=\"_ _11\"></span></span>iscritte <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>complessivi </span>Euro 295,2 milion<span class=\"_ _1\"></span>i; <span class=\"ff1f fs7 fc0\">al<span class=\"_ _3\"></span>cune licenz<span class=\"_ _1\"></span>e televisive e<span class=\"_ _1\"></span> radiofoniche <span class=\"_ _1\"></span>iscritte per co<span class=\"_ _1\"></span>mplessivi Euro 12,<span class=\"_ _2\"></span>6 milio<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i; </span><span class=\"ff22 fs7 fc0\">l<span class=\"_ _3\"></span>\u2019avviamento<span class=\"ff1f\"> <span class=\"_ _6\"></span>derivante <span class=\"_ _6\"></span>dalla <span class=\"_ _7\"></span><span class=\"ff24\">business <span class=\"_ _6\"></span>combination <span class=\"_ _6\"></span></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _7\"></span>RCS, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>188,3 <span class=\"_ _2\"></span>milioni, <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>\u00e8 s<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ato </span></span>allocato a fini d<span class=\"_ _1\"></span>i <span class=\"ff24\">impairmen<span class=\"_ _1\"></span>t <span class=\"ff1f\">al Gruppo RCS nel <span class=\"_ _1\"></span>suo compless<span class=\"_ _1\"></span>o. </span></span>Il valore recupera<span class=\"_ _1\"></span>bile dei m<span class=\"_ _1\"></span>archi <span class=\"ls4\">e </span><span class=\"ff22\">testate e dell\u2019<span class=\"_ _1\"></span>avviamento de<span class=\"_ _1\"></span>rivante dalla <span class=\"ff24\">busin<span class=\"_ _1\"></span>ess combinatio<span class=\"_ _1\"></span>n <span class=\"ff1f\">del Gruppo </span></span></span>RCS \u00e8 stato deter<span class=\"_ _1\"></span>minato, con il<span class=\"_ _1\"></span> supporto di un e<span class=\"_ _1\"></span>sperto indipend<span class=\"_ _1\"></span>ente. Il <span class=\"_ _2\"></span>valore <span class=\"_ _0\"></span>recuperabile <span class=\"_ _2\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>icenze <span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>elevisive <span class=\"_ _0\"></span>e <span class=\"_ _2\"></span>radiofoniche <span class=\"_ _2\"></span>spa<span class=\"_ _1\"></span>gnole <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _2\"></span>stato <span class=\"_ _2\"></span>verifica<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>avvalendos<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>delle <span class=\"_ _0\"></span>analisi predisposte da<span class=\"_ _1\"></span>lla societ\u00e0 controll<span class=\"_ _1\"></span>ata RCS. Gli <span class=\"_ _11\"></span><span class=\"ff24\">impairment <span class=\"_ _11\"></span>test</span>, <span class=\"_ _11\"></span>svolti <span class=\"_ _11\"></span>con <span class=\"_ _11\"></span>il <span class=\"_ _6\"></span>suppo<span class=\"_ _1\"></span>rto <span class=\"_ _6\"></span><span class=\"ff22\">dell\u2019e<span class=\"_ _1\"></span>sperto <span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>ndipendente, <span class=\"_ _e\"></span>sono <span class=\"_ _11\"></span>stati <span class=\"_ _11\"></span>effettuati <span class=\"_ _11\"></span>sia <span class=\"_ _11\"></span>attraverso <span class=\"_ _11\"></span>una </span>valutazione in <span class=\"_ _3\"></span>continuit\u00e0 con il<span class=\"_ _3\"></span> passato (<span class=\"_ _3\"></span>approccio ante IFRS 16) <span class=\"_ _3\"></span>sia <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span> <span class=\"_\"> </span>una valu<span class=\"_ _1\"></span>tazione che <span class=\"_ _3\"></span>ha considerato gli effetti dell<span class=\"_ _1\"></span>\u2019applicazione del p<span class=\"_ _1\"></span>rincipio IFRS 16 s<span class=\"_ _2\"></span>ui<span class=\"_ _3\"></span> parametri r<span class=\"_ _1\"></span>ilevanti ai <span class=\"ff1f\">fini di <span class=\"ff24\">impairment</span>.<span class=\"_ _1\"></span> </span>Per la valutazione \u201cante IFRS 16\u201d il capitale investito non tiene conto dei diritti d\u2019uso su contra<span class=\"_ _1\"></span>tti<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _1\"></span><span class=\"ls6\">di<span class=\"ls0\"> l<span class=\"_ _1\"></span>easing <span class=\"_ _2\"></span>e </span></span></span>coerentemente i <span class=\"_ _e\"></span>flussi <span class=\"_ _3\"></span><span class=\"ls6\">di</span> <span class=\"_ _e\"></span>cassa <span class=\"_ _3\"></span>previsti <span class=\"_ _3\"></span>utilizzati <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span><span class=\"ls16\">il</span> <span class=\"_ _3\"></span>calcolo <span class=\"_ _e\"></span>del valore <span class=\"_ _11\"></span>recuperabile <span class=\"_ _11\"></span>includono <span class=\"_ _e\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>costo <span class=\"_ _11\"></span>per canoni. <span class=\"_ _11\"></span><span class=\"ls7\">Il<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>WACC <span class=\"_ _3\"></span>applicato <span class=\"_ _e\"></span>per <span class=\"_ _3\"></span><span class=\"ff22\">l\u2019attualizzazione</span> <span class=\"_ _3\"></span>dei <span class=\"_ _e\"></span>flussi, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>stato <span class=\"_ _3\"></span>determinato <span class=\"_ _3\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>netto <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>sopracitati <span class=\"_ _11\"></span>effetti IFRS 16, omogenea<span class=\"_ _1\"></span>mente a<span class=\"_ _1\"></span> quanto fatto al 31 d<span class=\"_ _1\"></span>icembr<span class=\"_ _1\"></span>e 2021. In particolare, <span class=\"_ _1\"></span>il valore recuperabile \u00e8 sta<span class=\"_ _1\"></span>to determinato<span class=\"_ _1\"></span> nel modo seg<span class=\"_ _2\"></span>uent<span class=\"_ _1\"></span>e:<span class=\"_ _1\"></span> <span class=\"ff1f fs7 fc0\">per <span class=\"_ _2\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>mar<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span> <span class=\"ls3\">e </span>t<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>talia<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span><span class=\"ff22\">l<span class=\"_ _1\"></span>\u2019av<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto<span class=\"_ _2\"></span><span class=\"ff1f\"> <span class=\"_ _2\"></span>deri<span class=\"_ _1\"></span>van<span class=\"_ _2\"></span>ti <span class=\"_ _2\"></span>dal<span class=\"_ _1\"></span>la <span class=\"_ _0\"></span><span class=\"ff24\">busin<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>mb<span class=\"_ _2\"></span>inatio<span class=\"_ _2\"></span>n <span class=\"ff1f\">del <span class=\"_ _2\"></span>Gruppo RC<span class=\"_ _1\"></span>S, <span class=\"_ _2\"></span>i flussi <span class=\"_ _2\"></span>di </span></span></span></span></span>cassa <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>st<span class=\"_ _3\"></span>ati <span class=\"_ _2\"></span>desunti <span class=\"_ _1\"></span>sulla <span class=\"_ _2\"></span>base delle p<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>evisioni <span class=\"_ _1\"></span>rivenienti <span class=\"_ _1\"></span>dal Pi<span class=\"_ _1\"></span>ano 2023-2025 d<span class=\"_ _1\"></span>el Grupp<span class=\"_ _1\"></span>o RCS <span class=\"_ _2\"></span>(<span class=\"_ _3\"></span>approvato dal Consiglio di A<span class=\"_ _1\"></span>mministrazion<span class=\"_ _1\"></span>e di RCS in d<span class=\"_ _1\"></span>ata 10 marzo 2023<span class=\"ls7\">).</span> I <span class=\"_ _e\"></span>flussi <span class=\"_ _11\"></span>di <span class=\"_ _e\"></span>cassa, <span class=\"_ _e\"></span>conformemente <span class=\"_ _e\"></span>alle <span class=\"_ _e\"></span>disposizioni <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>principio <span class=\"_ _e\"></span>IAS <span class=\"_ _11\"></span>36, <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>stati <span class=\"_ _e\"></span>proiettati <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>fini <span class=\"_ _e\"></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=\"_ _3\"></span>di <span class=\"_ _3\"></span>cr<span class=\"_ _3\"></span>escita <span class=\"_ _3\"></span>g <span class=\"_ _3\"></span>= <span class=\"_ _3\"></span>0)<span class=\"_ _3\"></span>. Tal<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>quindi <span class=\"_ _3\"></span>attualizzati <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>un tasso <span class=\"_ _3\"></span>definito <span class=\"_ _e\"></span>quale <span class=\"_ _3\"></span>costo m<span class=\"_ _3\"></span>edio ponderato <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>capitale WACC <span class=\"_ _3\"></span>pari <span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ff22 ls16\">l\u2019</span></span> <span class=\"_ _3\"></span>8,64% <span class=\"_ _3\"></span>(7,44% <span class=\"_ _3\"></span><span class=\"ls3\">al</span> <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2021) per i <span class=\"_ _3\"></span>marchi <span class=\"_ _3\"></span><span class=\"ls4\">e <span class=\"_ _3\"></span></span>testate <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span><span class=\"ls4\">al<span class=\"ff22 ls0\">l\u20198,73<span class=\"ff1f\">% <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019avviamento<span class=\"ff1f\"> <span class=\"_ _2\"></span>(7,64%% <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _1\"></span>31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></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 di </span></span></span></span></span></span></span>bilancio <span class=\"_ _3\"></span>la <span class=\"_ _e\"></span>capitalizza<span class=\"_ _1\"></span>zione <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>risulta <span class=\"_ _3\"></span>inferiore <span class=\"_ _e\"></span>al <span class=\"_ _3\"></span>valore <span class=\"_ _e\"></span>contabile <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _3\"></span>incl<span class=\"_ _3\"></span>uso <span class=\"_ _3\"></span>nel <span class=\"_ _e\"></span>bilancio<span class=\"_ _1\"></span> consolidato. I <span class=\"_ _11\"></span>val<span class=\"_ _3\"></span>ori <span class=\"_ _6\"></span>ottenuti <span class=\"_ _6\"></span>sono <span class=\"_ _11\"></span>stati <span class=\"_ _6\"></span>sottoposti <span class=\"_ _11\"></span>ad <span class=\"_ _6\"> </span>un\u2019analisi <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>sensitivit\u00e0, <span class=\"_ _11\"></span>f<span class=\"_ _3\"></span>acendo <span class=\"_ _11\"></span>variare <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>attualizzazione (<span class=\"ff24\">WACC</span>) e il tasso di crescita del valore finale (g), con variaz<span class=\"_ _1\"></span>ioni discrete di 50 <span class=\"ff24\">basis <span class=\"_ _1\"></span>points<span class=\"ff1f\">, <span class=\"_ _2\"></span>e riducen<span class=\"_ _1\"></span>do, co<span class=\"_ _2\"></span>s\u00ec<span class=\"_ _3\"></span> </span></span>come <span class=\"_ _1\"></span>suggeri<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span><span class=\"ff22\">dall\u2019ESMA<span class=\"_ _2\"></span>,<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>val<span class=\"_ _3\"></span>ori <span class=\"_ _2\"></span><span class=\"ff22\">dell\u2019Ebitda,<span class=\"ff1f\"> <span class=\"_ _1\"></span>previsti <span class=\"_ _2\"></span>nel periodo e ricomp<span class=\"_ _1\"></span>resi nel valo<span class=\"_ _1\"></span>re finale, de<span class=\"_ _1\"></span>l -10%. </span></span></span></span>In nessuno degli scena<span class=\"_ _1\"></span>ri sopra considera<span class=\"_ _1\"></span>ti si evidenzia<span class=\"_ _1\"></span>no perdite di val<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>re.<span class=\"_ _2\"></span> Inoltre, <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>considerazione <span class=\"_ _3\"></span>della <span class=\"_ _e\"></span>situazione<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>globale<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>caratteri<span class=\"_ _1\"></span>zzata <span class=\"_ _3\"></span>dal<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>permanere <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>conflitto <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>Ucraina <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>del conseguente <span class=\"_ _11\"></span>contesto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>generale <span class=\"_ _6\"></span>incertezza, <span class=\"_ _11\"></span>sono <span class=\"_ _6\"></span>state <span class=\"_ _6\"></span>condotte <span class=\"_ _6\"></span>anche <span class=\"_ _11\"></span>analisi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>sensitivit\u00e0 <span class=\"_ _11\"></span>maggiormente conservative <span class=\"_ _e\"></span>(stress <span class=\"_ _11\"></span>test) <span class=\"_ _6\"></span><span class=\"ff22\">\u2013</span> <span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _11\"></span>termini <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>riduzio<span class=\"_ _1\"></span>ne <span class=\"_ _11\"></span>dei fluss<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span><span class=\"ls6\">di</span> <span class=\"_ _3\"></span><span class=\"ls3\">cassa</span> <span class=\"_ _3\"></span><span class=\"ff22\">\u2013</span> <span class=\"_ _3\"></span><span class=\"ls48\">al<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span>fine<span class=\"_ _1\"></span> <span class=\"_ _3\"></span><span class=\"ls6\">di</span> <span class=\"_ _3\"></span>ve<span class=\"_ _1\"></span>rifi<span class=\"_ _2\"></span>care<span class=\"_ _2\"></span> <span class=\"_ _e\"></span><span class=\"ls16\">la</span> soste<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>t\u00e0 del val<span class=\"_ _1\"></span>ore<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>co<span class=\"_ _2\"></span> <span class=\"_ _1\"></span><span class=\"ff22\">del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>via<span class=\"_ _2\"></span>men<span class=\"_ _1\"></span>to<span class=\"ff1f\"> <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>archi <span class=\"ls4\">e <span class=\"_ _2\"></span><span class=\"ls0\">t<span class=\"_ _3\"></span>estate. <span class=\"_ _0\"></span><span class=\"ls7\">In<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>particolare,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>stato <span class=\"_ _0\"></span>ipotizzato <span class=\"_ _2\"></span>anche<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>uno<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>scena<span class=\"_ _1\"></span>rio <span class=\"_ _2\"></span>vo<span class=\"_ _1\"></span>lto </span></span></span></span></span></span></span></span>a <span class=\"_ _2\"></span>determinare <span class=\"_ _2\"></span>quale debba <span class=\"_ _3\"></span>esse <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span><span class=\"ff22\">riduzione <span class=\"_ _3\"></span>dell\u2019Ebitda di <span class=\"_ _3\"></span>Piano (lineare <span class=\"_ _3\"></span>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=\"_ _11\"></span>valore <span class=\"_ _e\"></span>d\u2019<span class=\"_ _3\"></span>uso <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span>valore <span class=\"_ _11\"></span>d\u2019iscrizione <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>tali <span class=\"_ _11\"></span>attivit\u00e0. <span class=\"_ _11\"></span>Anche <span class=\"_ _e\"></span>tale <span class=\"_ _6\"></span>analis<span class=\"_ _1\"></span>i <span class=\"_ _11\"></span>ha <span class=\"_ _11\"></span>confermato <span class=\"_ _e\"></span>la <span class=\"_ _11\"></span>ragionevolezza <span class=\"_ _e\"></span>dei risultati ottenut<span class=\"_ _1\"></span>i. <span class=\"ff1f fs7 fc0\">per <span class=\"_ _3\"></span>le <span class=\"_ _7\"></span>testate <span class=\"_ _3\"></span>quotidiane spagnole <span class=\"_ _3\"></span><span class=\"ff24 ls47\">El<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _e\"></span>Mundo</span></span>, <span class=\"ff24\">Marca</span> <span class=\"_ _3\"></span><span class=\"ls3\">ed<span class=\"_ _3\"></span></span> <span class=\"_ _3\"></span><span class=\"ff24\">Expansion</span>, <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>flussi <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>cassa <span class=\"_ _e\"></span>previsionali </span>2023-2027 <span class=\"_ _c\"> </span>sviluppati <span class=\"_ _c\"> </span>sulla <span class=\"_ _148\"> </span>base <span class=\"_ _c\"> </span>del <span class=\"_ _148\"> </span>Piano <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>Unidad <span class=\"_ _ab\"> </span>Editorial <span class=\"_ _15\"> </span>pure <span class=\"_ _17\"> </span>approvato <span class=\"_ _17\"> </span>dal <span class=\"_ _17\"> </span>Consiglio <span class=\"_ _17\"> </span>di<span class=\"_ _3\"></span> Amministrazion<span class=\"_ _1\"></span>e <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>Unidad <span class=\"_ _e\"></span>in <span class=\"_ _11\"></span>data <span class=\"_ _11\"></span>7 <span class=\"_ _11\"></span>marzo <span class=\"_ _11\"></span>2023. <span class=\"_ _11\"></span>I <span class=\"_ _11\"></span>flussi <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>cassa <span class=\"_ _e\"></span>previsionali <span class=\"_ _11\"></span>2023-2027, <span class=\"_ _11\"></span>proietta<span class=\"_ _1\"></span>ti <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>fini valutativi costanti <span class=\"_ _e\"></span>in <span class=\"_ _3\"></span>termini <span class=\"_ _3\"></span>nominali (tasso <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>crescita g <span class=\"_ _e\"></span>= <span class=\"_ _3\"></span>0), <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>stati attualizzati <span class=\"_ _3\"></span>ad <span class=\"_ _e\"></span>un tasso <span class=\"_ _e\"></span>consider<span class=\"_ _1\"></span>ato rappresentativo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>ponderato <span class=\"_ _e\"></span>del capitale <span class=\"_ _3\"></span>WACC <span class=\"_ _e\"></span>pari <span class=\"_ _3\"></span>al<span class=\"_ _3\"></span><span class=\"ff22\">l\u20198,91</span>% <span class=\"_ _3\"></span>(8.04% <span class=\"_ _e\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _e\"></span>2021).<span class=\"_ _1\"></span> Dall\u2019analisi svo<span class=\"_ _1\"></span>lta non so<span class=\"_ _1\"></span>no emerse <span class=\"_ _1\"></span>evidenze d<span class=\"_ _1\"></span>i perdite di<span class=\"_ _1\"></span> valore. Anc<span class=\"_ _1\"></span>he per<span class=\"ff1f\"> le te<span class=\"_ _1\"></span>state quotidiane<span class=\"_ _1\"></span> spagnole, <span class=\"_ _1\"></span>in </span>considerazione <span class=\"_ _12\"> </span>della<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>situazione <span class=\"_ _12\"> </span>globale <span class=\"_ _12\"> </span>carat<span class=\"_ _1\"></span>terizzata <span class=\"_ _12\"> </span>dal <span class=\"_ _12\"> </span>permanere <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>conflitto <span class=\"_ _a\"> </span>in <span class=\"_\"> </span>Uc<span class=\"_ _1\"></span>raina, <span class=\"_\"> </span>s<span class=\"_ _2\"></span>ono <span class=\"_ _12\"> </span>st<span class=\"_ _3\"></span>ate<span class=\"_ _1\"></span> condotte anal<span class=\"_ _1\"></span>isi di sens<span class=\"_ _1\"></span>itivit\u00e0 maggiorm<span class=\"_ _1\"></span>ente conserva<span class=\"_ _1\"></span>tive (stress <span class=\"_ _1\"></span>test) e anch<span class=\"_ _1\"></span>e tali <span class=\"_ _1\"></span>analisi hanno <span class=\"_ _1\"></span>confermato <span class=\"_ _1\"></span>la ragionevolezza d<span class=\"_ _1\"></span>ei risultati ott<span class=\"_ _1\"></span>enuti. \u201cPost <span class=\"_ _e\"></span>IFRS <span class=\"_ _3\"></span>16\u201d, <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>suo <span class=\"_ _e\"></span>compless<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>valori <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>carico <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>incrementano<span class=\"ff1f\"> <span class=\"_ _16\"> </span></span>per <span class=\"_ _e\"></span>l\u2019iscrizione <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> diritti <span class=\"_ _7\"> </span>d\u2019<span class=\"ff1f\">uso <span class=\"_ _7\"></span>su <span class=\"_ _7\"></span>beni <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>l<span class=\"_ _3\"></span>easing <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>coerentemente <span class=\"_ _7\"></span>i <span class=\"_ _7\"></span>flussi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>cassa <span class=\"_ _7\"></span>previsti <span class=\"_ _7\"></span>utilizzati<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>per <span class=\"_ _3\"></span><span class=\"ls16\">il</span> <span class=\"_ _e\"></span>calcolo <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>valore </span>recuperabile <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>includono <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>costo <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>canoni <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>ocazione. <span class=\"_ _3\"></span>Per 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=\"_ _2\"></span>base <span class=\"_ _2\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>tasso <span class=\"_ _0\"></span>definito <span class=\"_ _2\"></span>quale <span class=\"_ _2\"></span>costo <span class=\"_ _2\"></span>medio <span class=\"_ _2\"></span>po<span class=\"_ _1\"></span>nderato <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>cap<span class=\"_ _1\"></span>itale <span class=\"_ _2\"></span>WACC <span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>i <span class=\"_ _2\"></span>al<span class=\"ff22\">l\u20198,</span>65% <span class=\"_ _2\"></span><span class=\"ff22\">per <span class=\"_ _2\"></span>l\u2019avvia<span class=\"_ _1\"></span>mento<span class=\"ff1f\"> </span></span>(7,36% al 31 dice<span class=\"_ _1\"></span>mbre 202<span class=\"_ _1\"></span>1). L\u2019analisi <span class=\"_ _1\"></span>condotta p<span class=\"_ _2\"></span>er svolgere <span class=\"_ _1\"></span>il tes<span class=\"_ _1\"></span>t d<span class=\"_ _1\"></span>i impai<span class=\"_ _1\"></span>rment e<span class=\"_ _2\"></span> verificare <span class=\"_ _1\"></span>il pos<span class=\"_ _1\"></span>sibile <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>mpatto <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>effetti <span class=\"_ _2\"></span>(patrimoniali, economico <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span><span class=\"ff22\">finanziari) <span class=\"_ _11\"></span>derivanti <span class=\"_ _e\"></span>dall\u2019introduzione <span class=\"_ _e\"></span>del <span class=\"_ _11\"></span>principio <span class=\"_ _e\"></span>contabile</span> <span class=\"_ _11\"></span>internazional<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span><span class=\"ff24\">If<span class=\"_ _3\"></span>rs <span class=\"_ _e\"></span>16 <span class=\"_ _e\"></span>Leases <span class=\"_ _11\"></span></span>sui risultati <span class=\"_ _2\"></span>derivanti <span class=\"_ _2\"></span>dal <span class=\"_ _2\"></span>pr<span class=\"_ _3\"></span>ocesso <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span><span class=\"ff24\">impairment <span class=\"_ _7\"></span><span class=\"ff1f\">ha <span class=\"_ _2\"></span>evidenziato <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>anche <span class=\"_ _2\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>process<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span><span class=\"ff24\">impairment <span class=\"_ _2\"></span><span class=\"ff1f\">svolto <span class=\"_ _2\"></span>sulla<span class=\"_ _1\"></span> </span></span></span></span></span></span>base <span class=\"ls6\">di</span> una r<span class=\"_ _1\"></span>appresentazion<span class=\"_ _1\"></span>e conforme con le <span class=\"_ _3\"></span>disposizioni del principio contabile IFRS 16 non modifica, alla data <span class=\"_ _e\"></span>del <span class=\"_ _aa\"> </span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _e\"></span>2022, <span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>risultati <span class=\"_ _e\"></span>ottenuti <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>conclusioni <span class=\"_ _e\"></span>raggiu<span class=\"_ _1\"></span>nte <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>una <span class=\"_ _3\"></span>metodologia <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>continu<span class=\"_ _1\"></span>it\u00e0 con quella <span class=\"_ _a\"> </span>applicata neg<span class=\"_ _1\"></span>li anni preceden<span class=\"_ _1\"></span>ti. \u201cPost <span class=\"_ _e\"></span>IFRS <span class=\"_ _3\"></span>16\u201d, <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _e\"></span><span class=\"ff1f\">nel <span class=\"_ _e\"></span>suo <span class=\"_ _e\"></span>complesso <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>valori <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>carico <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>incrementano <span class=\"_ _16\"> </span></span>per <span class=\"_ _e\"></span>l\u2019iscriz<span class=\"_ _1\"></span>ione <span class=\"_ _e\"></span>di diritti <span class=\"_ _7\"> </span>d\u2019uso <span class=\"_ _7\"> </span>su <span class=\"_ _7\"> </span>beni <span class=\"_ _7\"> </span>in <span class=\"_ _7\"> </span>leasing <span class=\"_ _7\"> </span>e <span class=\"_ _7\"> </span>coerentemente <span class=\"_ _7\"> </span>i <span class=\"_ _7\"> </span>flussi <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>cassa <span class=\"_ _7\"> </span>previsti <span class=\"_ _7\"> </span>utilizzati<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _e\"></span>per <span class=\"_ _3\"></span><span class=\"ls16\">il</span> <span class=\"_ _e\"></span>calcolo <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>valore </span>recuperabile <span class=\"_ _2\"></span>non <span class=\"_ _0\"></span>includono <span class=\"_ _0\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>costo <span class=\"_ _2\"></span>per <span class=\"_ _0\"></span>canoni <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>locaz<span class=\"_ _1\"></span>ione. </span></span>Co<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>rifer<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>test<span class=\"_ _1\"></span>ate<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>quot<span class=\"_ _1\"></span>idi<span class=\"_ _1\"></span>ane<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>spagn<span class=\"_ _2\"></span>ole <span class=\"_ _6\"></span>(El <span class=\"_ _7\"></span>Mund<span class=\"_ _1\"></span>o<span class=\"ff1f\">, <span class=\"_ _6\"></span></span>Mar<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ff1f ls3\">ed<span class=\"ls0\"> <span class=\"_ _7\"></span></span></span>Expa<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>) <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>alle<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>testat<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>periodiche<span class=\"_ _1\"></span> spagnole <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>vita <span class=\"_ _6\"></span>utile <span class=\"_ _11\"></span>definita, <span class=\"_ _11\"></span>alle <span class=\"_ _6\"></span>quali <span class=\"_ _11\"></span><span class=\"ff22\">nell\u2019ambito</span> <span class=\"_ _11\"></span>del<span class=\"_ _3\"></span>la <span class=\"_ _11\"></span>business <span class=\"_ _6\"></span>combina<span class=\"_ _1\"></span>ti<span class=\"ls6\">on<span class=\"_ _3\"></span></span> <span class=\"_ _11\"></span>del <span class=\"_ _a\"> </span>Gruppo <span class=\"_ _a\"> </span>RCS <span class=\"_ _a\"> </span>era <span class=\"_ _a\"> </span>stato attribuito <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span><span class=\"ff24\">fair value <span class=\"_ _e\"></span></span>corrisponden<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>valore iscritto <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>consolidato del<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>RCS alla <span class=\"_ _e\"></span>data<span class=\"_ _1\"></span> di acquisizione, <span class=\"_ _6\"></span>l\u2019<span class=\"ff24\">impairment <span class=\"_ _6\"></span>test <span class=\"_ _7\"></span><span class=\"ff1f\">\u00e8 <span class=\"_ _7\"></span>stato <span class=\"_ _7\"></span>predisposto <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>via <span class=\"_ _7\"></span>autonoma <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span></span></span>l\u2019assistenza<span class=\"ff1f\"> <span class=\"_ _6\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>una </span>primaria <span class=\"_ _e\"></span>socie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>consulenza <span class=\"_ _e\"></span>senza <span class=\"_ _e\"></span>evidenziare <span class=\"_ _3\"></span>situazioni <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>perdita <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>valore. <span class=\"_ _3\"></span>Per<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>bilancio <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>RCS <span class=\"_ _e\"></span>sono stati <span class=\"_ _1\"></span>assogget<span class=\"_ _1\"></span>tati <span class=\"_ _2\"></span>a impair<span class=\"_ _1\"></span>ment <span class=\"_ _2\"></span>anche <span class=\"_ _0\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"_ _2\"></span>valore <span class=\"_ _0\"></span>delle <span class=\"_ _2\"></span>lice<span class=\"_ _1\"></span>nze <span class=\"_ _2\"></span>televis<span class=\"_ _1\"></span>ive <span class=\"_ _2\"></span>(<span class=\"ff24\">Veo <span class=\"_ _0\"></span>Television<span class=\"ff1f\">) <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>radiofoniche <span class=\"_ _2\"></span>(<span class=\"ff24\">Rad<span class=\"_ _1\"></span>io <span class=\"_ _2\"></span>de </span></span></span></span></span>Ara<span class=\"_ _2\"></span>gon<span class=\"ff1f ls7\">).<span class=\"ls0\"> </span></span>Anche <span class=\"_ _3\"></span>per <span class=\"_ _e\"></span>il <span class=\"_ _e\"></span>valore <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>iscri<span class=\"_ _1\"></span>zione <span class=\"_ _e\"></span>degl<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>avviamenti <span class=\"_ _e\"></span>riconducib<span class=\"_ _1\"></span>ili <span class=\"_ _3\"></span>alle <span class=\"_ _e\"></span>CGU <span class=\"_ _3\"></span>rappresentate <span class=\"_ _3\"></span>dal <span class=\"_ _e\"></span>settore editoriale periodici <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>Cairo <span class=\"_ _2\"></span>Editore <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>dal<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>settore <span class=\"_ _2\"></span>concessionarie <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>emersi <span class=\"_ _2\"></span>dai <span class=\"ff24\">test </span>evidenze d<span class=\"_ _1\"></span>i perdite di valo<span class=\"_ _1\"></span>re. </span></span>In <span class=\"_ _11\"></span>cons<span class=\"_ _3\"></span>iderazione <span class=\"_ _11\"></span>dell\u2019attuale <span class=\"_ _6\"></span>sopra <span class=\"_ _11\"></span>descritto <span class=\"_ _6\"> </span>contesto, <span class=\"_ _11\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>proceduto <span class=\"_ _11\"></span>ad <span class=\"_ _6\"> </span>assoggettare <span class=\"_ _11\"></span>a <span class=\"_ _6\"> </span>t<span class=\"_ _3\"></span>est <span class=\"_ _6\"></span>di <span class=\"_ _7\"> </span><span class=\"ff24\">impairment </span>alcune immobilizzazioni immateriali a <span class=\"_ _e\"></span>vita utile <span class=\"_ _3\"></span>definita. <span class=\"_ _3\"></span>In <span class=\"_ _3\"></span>particolare, <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span><span class=\"ff24\">impairment test <span class=\"_ _3\"></span></span>hanno <span class=\"_ _3\"></span>riguardato principalmente <span class=\"_ _1\"></span>le testate italiane e spagn<span class=\"_ _1\"></span>ole a vita ut<span class=\"_ _1\"></span>ile definita d<span class=\"_ _1\"></span>el Gruppo RCS. Dalle analisi svo<span class=\"_ _1\"></span>lte non son<span class=\"_ _1\"></span>o emerse eviden<span class=\"_ _1\"></span>ze di perd<span class=\"_ _1\"></span>ite di valo<span class=\"_ _2\"></span>re. ",
   "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=\"_ _2\"></span>artec<span class=\"_ _1\"></span>ipaz<span class=\"_ _2\"></span>ioni La voce, pa<span class=\"_ _1\"></span>ri a Eu<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>o 31,3 <span class=\"_ _1\"></span>milioni, <span class=\"_ _1\"></span>comprende <span class=\"_ _1\"></span>le parte<span class=\"_ _1\"></span>cipazioni i<span class=\"_ _1\"></span>n impr<span class=\"_ _1\"></span>ese collega<span class=\"_ _1\"></span>te e <span class=\"_ _1\"></span>joint ventu<span class=\"_ _1\"></span>re (Euro 25,9 milioni) e partec<span class=\"_ _1\"></span>ipazioni in <span class=\"_ _1\"></span>imprese che non <span class=\"_ _1\"></span>sono n\u00e9 di <span class=\"_ _2\"></span>controllo n\u00e9 di trading (Eur<span class=\"_ _1\"></span>o 5,4 milioni). La<span class=\"ls0\"> composizione d<span class=\"_ _1\"></span>ella voc<span class=\"_ _1\"></span>e \u00e8 esposta ne<span class=\"_ _1\"></span>l prospetto <span class=\"_ _1\"></span>che se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>e:<span class=\"_ _1\"></span> </span>D<span class=\"_ _1\"></span>es<span class=\"_ _e\"></span>cr<span class=\"_ _3\"></span>iz<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>neV<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>lore net<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> A<span class=\"_ _1\"></span>cq<span class=\"_ _2\"></span>uis<span class=\"_ _e\"></span>iz<span class=\"_ _3\"></span>ioni,E<span class=\"_ _0\"></span>ff<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>tt<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ell<span class=\"_ _3\"></span>a E<span class=\"_ _0\"></span>ff<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>tt<span class=\"_ _2\"></span>o <span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ell<span class=\"_ _3\"></span>a D<span class=\"_ _1\"></span>is<span class=\"_ _e\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ioniD<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>id<span class=\"_ _2\"></span>end<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> V<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>lore net<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>l a<span class=\"_ _1\"></span>um<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>alut<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>z<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>nev<span class=\"_ _0\"></span>alut<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>z<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>ne a<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>trib<span class=\"_ _2\"></span>uitia<span class=\"_ _1\"></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=\"_ _2\"></span>l<span class=\"_ _3\"></span>e s<span class=\"_ _e\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>le<span class=\"_ _3\"></span> con<span class=\"_ _2\"></span> i<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span> m<span class=\"_ _2\"></span>eto<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> fa<span class=\"_ _2\"></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=\"_ _1\"></span>ra<span class=\"_ _1\"></span> d<span class=\"_ _2\"></span>el p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>trim<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>erd<span class=\"_ _2\"></span>itenett<span class=\"_ _2\"></span>oL<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> Pr<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _3\"></span> S.r<span class=\"_ _2\"></span>.l<span class=\"_ _2\"></span>.<span class=\"_ _237\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,6<span class=\"_ _10a\"> </span>-<span class=\"_ _61\"> </span>(0<span class=\"_ _2\"></span>,1<span class=\"_ _1\"></span>)<span class=\"_ _8d\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>5</span>G<span class=\"_ _0\"></span>D Med<span class=\"_ _3\"></span>ia <span class=\"_ _1\"></span>Servi<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>e S.r<span class=\"_ _2\"></span>.l<span class=\"_ _2\"></span>.<span class=\"_ _6d\"> </span><span class=\"fc1\">0,<span class=\"_ _1\"></span>3<span class=\"_ _10a\"> </span>-<span class=\"_ _7d\"> </span>0,<span class=\"_ _1\"></span>1<span class=\"_ _14e\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _2\"></span>5</span>E<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>cu<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<span class=\"_ _3\"></span> Tel<span class=\"_ _1\"></span>va<span class=\"_ _3\"></span> S.<span class=\"_ _2\"></span>L<span class=\"_ _2\"></span>.<span class=\"_ _27\"> </span><span class=\"fc1\">0,<span class=\"_ _2\"></span>0<span class=\"_ _10a\"> </span>-<span class=\"_ _1a4\"> </span>-<span class=\"_ _14e\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _62\"> </span>0<span class=\"_ _1\"></span>,0</span>R<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _e\"></span> <span class=\"_ _1\"></span>Sal<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span> S.<span class=\"_ _1\"></span>A<span class=\"_ _3\"></span>.<span class=\"_ _238\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,2<span class=\"_ _10a\"> </span>-<span class=\"_ _7d\"> </span>0<span class=\"_ _1\"></span>,0<span class=\"_ _14e\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _1c1\"> </span>(<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>1)<span class=\"_ _115\"> </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=\"_ _2\"></span>erm<span class=\"_ _2\"></span>on<span class=\"_ _3\"></span>t<span class=\"_ _239\"> </span><span class=\"fc1\">2<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,4<span class=\"_ _10a\"> </span>-<span class=\"_ _8f\"> </span>(3<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>)<span class=\"_ _7a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _23a\"> </span>(0<span class=\"_ _2\"></span>,2<span class=\"_ _2\"></span>)<span class=\"_ _53\"> </span>2<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>,6</span>Q<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>e S.r<span class=\"_ _2\"></span>.l<span class=\"_ _2\"></span>.<span class=\"_ _86\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,1<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>1</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>ale p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>teci<span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>zi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i i<span class=\"_ _3\"></span>n <span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>oci<span class=\"_ _3\"></span>et\u00e0<span class=\"_ _2\"></span> 2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,7<span class=\"_ _1a4\"> </span>-<span class=\"_ _234\"> </span>(<span class=\"_ _1\"></span>3<span class=\"_ _3\"></span>,6)<span class=\"_ _8d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _51\"> </span>(0,3<span class=\"_ _3\"></span>)<span class=\"_ _64\"> </span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,9colle<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>at<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> e j<span class=\"_ _2\"></span>oint <span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>ure<span class=\"_ _3\"></span>sW<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>ee M<span class=\"_ _3\"></span>ed<span class=\"_ _3\"></span>ia <span class=\"_ _1\"></span>S.<span class=\"_ _1\"></span>L<span class=\"_ _ef\"> </span><span class=\"fc1\">0,<span class=\"_ _2\"></span>2<span class=\"_ _23b\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _232\"> </span>-<span class=\"_ _62\"> </span>0,<span class=\"_ _1\"></span>2</span>A<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>a Societ\u00e0<span class=\"_ _3\"></span> C<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>erat<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _eb\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,6<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>6</span>H<span class=\"_ _1\"></span>-F<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span> S.p.A.<span class=\"_ _23c\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,2<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>2</span>D<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _3\"></span>ital <span class=\"_ _2\"></span>M<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>cs<span class=\"_ _e\"></span> S<span class=\"_ _1\"></span>.p.A<span class=\"_ _3\"></span>.<span class=\"_ _23d\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,1<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>1</span>Im<span class=\"_ _0\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>b<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>iar<span class=\"_ _1\"></span>e E<span class=\"_ _2\"></span>dito<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> G<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>orn<span class=\"_ _3\"></span>ali<span class=\"_ _2\"></span> S<span class=\"_ _1\"></span>.r<span class=\"_ _2\"></span>.l<span class=\"_ _2\"></span>.<span class=\"_ _17b\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,4<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _2\"></span>4</span>N<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span> M<span class=\"_ _3\"></span>ark<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>Pl<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>e S.<span class=\"_ _1\"></span>L<span class=\"_ _2\"></span>.<span class=\"_ _124\"> </span><span class=\"fc1\">0,<span class=\"_ _1\"></span>4<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _232\"> </span>-<span class=\"_ _62\"> </span>0,<span class=\"_ _1\"></span>4</span>B<span class=\"_ _2\"></span>u<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>y<span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span> S.<span class=\"_ _1\"></span>r.<span class=\"_ _2\"></span>l.<span class=\"_ _23e\"> </span><span class=\"fc1\">-<span class=\"_ _7d\"> </span>3,0<span class=\"_ _10a\"> </span>-<span class=\"_ _14e\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _62\"> </span>3<span class=\"_ _1\"></span>,0</span>C<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>fr<span class=\"_ _2\"></span>iel<span class=\"_ _2\"></span> S.<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>.a r<span class=\"_ _1\"></span>.l<span class=\"_ _2\"></span>.<span class=\"_ _23f\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,3<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>3</span>A<span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>tre m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _86\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,2<span class=\"_ _10a\"> </span>-<span class=\"_ _10a\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7e\"> </span>-<span class=\"_ _115\"> </span>0,<span class=\"_ _1\"></span>2</span>T<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>ale altri s<span class=\"_ _e\"></span>t<span class=\"_ _1\"></span>rum<span class=\"_ _2\"></span>ent<span class=\"_ _1\"></span>i d<span class=\"_ _2\"></span>i ca<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>ita<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>e<span class=\"_ _e4\"> </span>2<span class=\"_ _3\"></span>,4<span class=\"_ _154\"> </span>3<span class=\"_ _3\"></span>,0<span class=\"_ _1a4\"> </span>-<span class=\"_ _8d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _232\"> </span>-<span class=\"_ _7c\"> </span>5<span class=\"_ _3\"></span>,4T<span class=\"_ _2\"></span>ot<span class=\"_ _2\"></span>ale p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>teci<span class=\"_ _3\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>zi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _79\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,2<span class=\"_ _159\"> </span>3<span class=\"_ _3\"></span>,0<span class=\"_ _62\"> </span>(<span class=\"_ _1\"></span>3<span class=\"_ _3\"></span>,6)<span class=\"_ _8d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _51\"> </span>(0,3<span class=\"_ _3\"></span>)<span class=\"_ _64\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,3Nella <span class=\"_ _1\"></span>voce <span class=\"_ _2\"></span>sono incluse <span class=\"_ _2\"></span>principalmente <span class=\"_ _2\"></span>le partec<span class=\"_ _1\"></span>ipazioni <span class=\"_ _2\"></span>d<span class=\"_ _3\"></span>el Grup<span class=\"_ _1\"></span>po <span class=\"_ _1\"></span>RCS <span class=\"_ _2\"></span>in Corp<span class=\"_ _1\"></span>oracion <span class=\"_ _1\"></span>Bermont <span class=\"_ _2\"></span>(Euro <span class=\"_ _1\"></span>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 quotidiani, <span class=\"_ _3\"></span>periodici e altri prodotti editoriali nonch\u00e9 della di<span class=\"_ _1\"></span>stribuzione, <span class=\"_ _2\"></span>commercializzazione, <span class=\"_ _2\"></span>vendita e promozione di q<span class=\"_ _1\"></span>ualsiasi tipo d<span class=\"_ _1\"></span>i stampa periodica.<span class=\"_ _2\"></span> Tali attivit\u00e0 sono valutate a<span class=\"_ _1\"></span>l <span class=\"ff24\">fair value </span>con livello gerarchico 1 (Euro 0,3 milioni<span class=\"_ _1\"></span>) e livello gerarchico 3 (Euro<span class=\"_ _2\"></span> 5,1 <span class=\"ff22\">milioni) ai sens<span class=\"_ _1\"></span>i dell\u2019IFR<span class=\"_ _1\"></span>S 7.<span class=\"ff1f\"> </span></span>Le<span class=\"ls0\"> <span class=\"_ _3\"></span>pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span>cip<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>i <span class=\"_ _3\"></span>pe<span class=\"_ _2\"></span>r <span class=\"_ _3\"></span><span class=\"ls4d\">le</span> <span class=\"_ _3\"></span>qu<span class=\"_ _2\"></span>ali <span class=\"ls1\">non</span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>ib<span class=\"_ _2\"></span>ile<span class=\"_ _2\"></span> <span class=\"_ _e\"></span><span class=\"ls4d\">il</span> <span class=\"_ _3\"></span><span class=\"ff24\">fa<span class=\"_ _2\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span><span class=\"ff1f\">so<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>is<span class=\"_ _2\"></span>cri<span class=\"_ _2\"></span>tte<span class=\"_ _2\"></span> <span class=\"_ _e\"></span><span class=\"ls48\">al</span> <span class=\"_ _3\"></span>co<span class=\"_ _2\"></span>sto<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>eve<span class=\"_ _2\"></span>ntu<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>me<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span>e svalutato <span class=\"_ _e\"></span>per <span class=\"_ _e\"></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=\"_ _2\"></span>al<span class=\"_ _1\"></span>tri <span class=\"_ _2\"></span>stru<span class=\"_ _1\"></span>menti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>apitale, <span class=\"_ _0\"></span>ovvero <span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>titoli <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>partec<span class=\"_ _1\"></span>ipazioni <span class=\"_ _0\"></span>che <span class=\"_ _2\"></span>non <span class=\"_ _0\"></span>sono <span class=\"_ _2\"></span>n\u00e9 <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _0\"></span>controllo, <span class=\"_ _2\"></span>n\u00e9 <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>collegamen<span class=\"_ _1\"></span>to, </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=\"_ _1\"></span>ota di partecipaz<span class=\"_ _1\"></span>ione del 7% nella star<span class=\"_ _1\"></span>tup<span class=\"ff1f\"> dell'</span>home f<span class=\"_ _1\"></span>itness Buddyfi<span class=\"_ _1\"></span>t 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=\"_ _2\"></span>edit<span class=\"_ _2\"></span>i fina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>e c<span class=\"_ _2\"></span>orrent<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> I <span class=\"_ _1\"></span>crediti <span class=\"_ _2\"></span>e <span class=\"ls16\">le</span> <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"ls6\">di</span> <span class=\"_ _2\"></span>natura fina<span class=\"_ _1\"></span>nziaria <span class=\"_ _2\"></span>ammontano <span class=\"_ _2\"></span>complessivamente <span class=\"_ _1\"></span><span class=\"ls3\">ad<span class=\"ls0\"> Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>3,1 <span class=\"_ _1\"></span>milioni (Euro <span class=\"_ _6\"></span>0,6 <span class=\"_ _7\"></span>milioni </span></span>al<span class=\"ls0\"> <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2021<span class=\"ls5\">),</span> <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>Euro <span class=\"_ _11\"></span>1,2 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>correnti <span class=\"_ _6\"></span>(Euro <span class=\"_ _6\"></span><span class=\"ls1\">0,3 </span>milioni al 31 dic<span class=\"_ _1\"></span>embre <span class=\"ls6\">202</span>1<span class=\"ls7\">).<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span></span>I crediti finanzia<span class=\"_ _1\"></span>ri correnti sono pa<span class=\"_ _1\"></span>ri a Euro 1 milione <span class=\"_ _1\"></span>(Euro 0,2 milion<span class=\"_ _1\"></span>i al 31 dice<span class=\"_ _1\"></span>mbre <span class=\"ls6\">202</span>1).<span class=\"_ _1\"></span> 21. A<span class=\"_ _2\"></span>ltre <span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> no<span class=\"_ _2\"></span>n cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti Le altre attivit\u00e0 no<span class=\"_ _1\"></span>n correnti, pa<span class=\"_ _1\"></span>ri ad Euro 4,3 milioni <span class=\"_ _1\"></span>al 31 dice<span class=\"_ _1\"></span>mbre 2022, includ<span class=\"_ _2\"></span>ono depositi cauzionali e bancari e credit<span class=\"_ _1\"></span>i verso l\u2019erario <span class=\"_ _1\"></span>a lungo termine. 26. Cr<span class=\"_ _2\"></span>edit<span class=\"_ _2\"></span>i diver<span class=\"_ _2\"></span>si e<span class=\"_ _1\"></span>d a<span class=\"_ _2\"></span>ltre at<span class=\"_ _2\"></span>tivit<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _1\"></span>orr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti La composizione d<span class=\"_ _1\"></span>ella voce pu\u00f2 e<span class=\"_ _1\"></span>ssere cos\u00ec d<span class=\"_ _1\"></span>ett<span class=\"_ _2\"></span>aglia<span class=\"_ _2\"></span>ta: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>criz<span class=\"_ _2\"></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=\"_ _159\"> </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=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>oneCredi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> verso Erari<span class=\"_ _2\"></span>o2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,9<span class=\"_ _1fd\"> </span>20<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _8e\"> </span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> per c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> sta<span class=\"_ _3\"></span>to<span class=\"_ _d2\"> </span><span class=\"fc1\">2<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>8<span class=\"_ _172\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _b0\"> </span>1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1</span>Ratei<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _172\"> </span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _243\"> </span>1,<span class=\"_ _2\"></span>0Ant<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> a <span class=\"_ _3\"></span>fo<span class=\"_ _1\"></span>rn<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>agen<span class=\"_ _1\"></span>ti1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,7<span class=\"_ _1fd\"> </span>18<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _b8\"> </span>(0,<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _172\"> </span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _243\"> </span>0,<span class=\"_ _2\"></span>8Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _e\"></span>d<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span> dive<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>i e<span class=\"_ _e\"></span>d a<span class=\"_ _2\"></span>ltr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti86<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _b8\"> </span>61<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _b4\"> </span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,9I cred<span class=\"_ _2\"></span>iti <span class=\"_ _3\"></span>div<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>rsi<span class=\"_ _1\"></span> e altre<span class=\"_ _1\"></span> attiv<span class=\"_ _2\"></span>it\u00e0 corre<span class=\"_ _2\"></span>nti par<span class=\"_ _1\"></span>i a <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"ls6\">86</span>,2 mil<span class=\"_ _2\"></span>ioni pre<span class=\"_ _2\"></span>senta<span class=\"_ _1\"></span><span class=\"ls6\">no<span class=\"ls0\"> </span>un<span class=\"ls0\"> <span class=\"_ _3\"></span>incr<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>24,9 <span class=\"_ _e\"></span>milioni </span></span>rispetto <span class=\"_ _1\"></span>al 31<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span>cembre 202<span class=\"_ _1\"></span>1. La <span class=\"_ _2\"></span>variazione \u00e8 <span class=\"_ _1\"></span>determin<span class=\"_ _1\"></span>ata pr<span class=\"_ _1\"></span>incipalmente d<span class=\"_ _2\"></span>a maggiori c<span class=\"_ _1\"></span>rediti <span class=\"_ _1\"></span>verso <span class=\"_ _1\"></span>erario <span class=\"_ _1\"></span>e da<span class=\"_ _2\"></span> maggiori crediti p<span class=\"_ _1\"></span>er contributi sta<span class=\"_ _1\"></span>tali come descritto <span class=\"_ _1\"></span>nella Nota 2 \u201cAl<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ri ricavi e pr<span class=\"_ _1\"></span>oventi\u201d. ",
   "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=\"_ _2\"></span>edit<span class=\"_ _2\"></span>i fina<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>e c<span class=\"_ _2\"></span>orrent<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> I <span class=\"_ _1\"></span>crediti <span class=\"_ _2\"></span>e <span class=\"ls16\">le</span> <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"ls6\">di</span> <span class=\"_ _2\"></span>natura fina<span class=\"_ _1\"></span>nziaria <span class=\"_ _2\"></span>ammontano <span class=\"_ _2\"></span>complessivamente <span class=\"_ _1\"></span><span class=\"ls3\">ad<span class=\"ls0\"> Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>3,1 <span class=\"_ _1\"></span>milioni (Euro <span class=\"_ _6\"></span>0,6 <span class=\"_ _7\"></span>milioni </span></span>al<span class=\"ls0\"> <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2021<span class=\"ls5\">),</span> <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>cui <span class=\"_ _7\"></span>Euro <span class=\"_ _11\"></span>1,2 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span>correnti <span class=\"_ _6\"></span>(Euro <span class=\"_ _6\"></span><span class=\"ls1\">0,3 </span>milioni al 31 dic<span class=\"_ _1\"></span>embre <span class=\"ls6\">202</span>1<span class=\"ls7\">).<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span></span>21. A<span class=\"_ _2\"></span>ltre <span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> no<span class=\"_ _2\"></span>n cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti Le altre attivit\u00e0 no<span class=\"_ _1\"></span>n correnti, pa<span class=\"_ _1\"></span>ri ad Euro 4,3 milioni <span class=\"_ _1\"></span>al 31 dice<span class=\"_ _1\"></span>mbre 2022, includ<span class=\"_ _2\"></span>ono depositi cauzionali e bancari e credit<span class=\"_ _1\"></span>i verso l\u2019erario <span class=\"_ _1\"></span>a lungo 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=\"_ _6\"></span>importi <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>ncludono<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>le <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>strumenti <span class=\"_ _7\"></span>derivati <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>complessivi <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>1,3 milioni, <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>cui <span class=\"_ _e\"></span>0,4 milioni <span class=\"_ _e\"></span>non <span class=\"_ _e\"></span>correnti. <span class=\"_ _3\"></span>Per <span class=\"_ _e\"></span><span class=\"ls6\">un<span class=\"_ _3\"></span></span> <span class=\"_ _e\"></span>commento <span class=\"_ _e\"></span><span class=\"ls49\">si</span> <span class=\"_ _e\"></span>rimanda <span class=\"_ _e\"></span>alla <span class=\"_ _e\"></span>successiva <span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span> n. <span class=\"ls1\">34.</span> <span class=\"ff1f fs7 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 voce<span class=\"ls6\">, <span class=\"_ _e\"></span></span>per <span class=\"_ _3\"></span>Euro 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 fi<span class=\"_ _3\"></span>nanziari<span class=\"_ _1\"></span> </span>derivati iscritti a<span class=\"_ _1\"></span>l fair value con live<span class=\"_ _1\"></span>llo gerarchico 2 a<span class=\"_ _1\"></span>i sensi de<span class=\"_ _1\"></span>ll\u2019IFRS 7. Di <span class=\"_ _a\"> </span>se<span class=\"_ _3\"></span>guito <span class=\"_ _a\"> </span>si <span class=\"_ _a\"> </span>ri<span class=\"_ _3\"></span>portano <span class=\"_ _a\"> </span>le <span class=\"_ _a\"> </span>pr<span class=\"_ _3\"></span>incipali <span class=\"_ _a\"> </span>tipologie <span class=\"_ _a\"> </span>di <span class=\"_ _12\"> </span>stru<span class=\"_ _1\"></span>menti <span class=\"_ _a\"> </span>finanziari <span class=\"_ _a\"> </span>derivati, <span class=\"_ _a\"> </span>evidenziando <span class=\"_ _a\"> </span>l<span class=\"_ _3\"></span>e <span class=\"_ _a\"> </span>finalit\u00e0 <span class=\"_ _a\"></span>di copertura o <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> nego<span class=\"_ _1\"></span>ziazione <span class=\"_ _2\"></span>per <span class=\"ls2\">le</span> <span class=\"_ _1\"></span>quali <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>stati sottoscritti <span class=\"_ _2\"></span>i relativi c<span class=\"_ _2\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti.<span class=\"_ _2\"></span> </span></span>De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _e\"></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=\"_ _3\"></span><span class=\"fc2 sc0\"> </span><span class=\"fc2 sc0\"> </span><span class=\"_ _3\"></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=\"_ _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>1Attivit\u00e0Pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>ivit\u00e0Attivit\u00e0Pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>ivit\u00e0In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>t Rate<span class=\"_ _3\"></span> Ca<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span> per c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4- <span class=\"_ _1a0\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1-No<span class=\"_ _3\"></span>n co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti0<span class=\"_ _3\"></span>,4-<span class=\"_ _93\"> </span><span class=\"ff21\">0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _14a\"> </span></span> <span class=\"_ _15e\"> </span>-In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>t Rate<span class=\"_ _3\"></span> Ca<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span> per c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _1\"></span>ra <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2- <span class=\"_ _165\"> </span>--In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>t Rate<span class=\"_ _3\"></span> Swap p<span class=\"_ _1\"></span>er c<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> fl<span class=\"_ _2\"></span>ussi<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssa0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7- <span class=\"_ _165\"> </span>-(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)Fo<span class=\"_ _2\"></span>rwa<span class=\"_ _3\"></span>rd<span class=\"_ _1\"></span> Fo<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>n Ex<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>han<span class=\"_ _2\"></span>ge Con<span class=\"_ _2\"></span>trac<span class=\"_ _3\"></span>t per c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>ertu<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> --<span class=\"_ _159\"> </span> <span class=\"_ _15b\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"fc2 sc0\">-</span>-ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span>o ca<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>oCo<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nti0<span class=\"_ _3\"></span>,9-<span class=\"_ _18\"> </span><span class=\"ff21 fc1\"> <span class=\"_ _230\"> </span>0<span class=\"_ _e\"></span>,1<span class=\"_ _f\"> </span> <span class=\"_ _1c3\"> </span>(0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>)</span>To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le1<span class=\"_ _3\"></span>,3- <span class=\"_ _230\"> </span><span class=\"ff21\">0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _f\"> </span> <span class=\"_ _1c3\"> </span>(0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></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=\"_ _1\"></span>mmonta <span class=\"_\"> </span>a <span class=\"_ _12\"> </span>Euro <span class=\"_\"> </span>0,7 <span class=\"_ _12\"> </span>milioni <span class=\"_\"> </span>(negativa <span class=\"_ _12\"> </span>per <span class=\"_\"> </span>Euro <span class=\"_ _12\"> </span>0,4 <span class=\"_\"> </span>milioni <span class=\"_\"> </span>a<span class=\"_ _1\"></span>l <span class=\"_\"> </span>31 <span class=\"_ _12\"> </span>dicembre <span class=\"_\"> </span>202<span class=\"_ _1\"></span>1), <span class=\"_\"> </span>la <span class=\"_ _12\"> </span>copertura dell\u2019esposizione <span class=\"_ _1\"></span>al rischio <span class=\"_ _1\"></span>di tasso <span class=\"ff1f\">ammonta a Euro 0,<span class=\"_ _2\"></span>2 m<span class=\"_ _3\"></span>ilioni. </span>La quota non corren<span class=\"_ _1\"></span>te per derivat<span class=\"_ _1\"></span>i a copertura d<span class=\"_ _1\"></span>ell\u2019esposizione<span class=\"ff1f\"> al risch<span class=\"_ _1\"></span>io di tasso am<span class=\"_ _1\"></span>monta a Euro 0,4 m<span class=\"_ _1\"></span>ilioni </span>(Euro 0,1 milioni a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbre 2021). Nel 2021 <span class=\"_ _3\"></span>le p<span class=\"_ _1\"></span>assivit\u00e0 <span class=\"_ _2\"></span>finanziarie <span class=\"_ _2\"></span>derivanti <span class=\"_ _2\"></span>dalla <span class=\"_ _2\"></span>valutazione <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> s<span class=\"_ _1\"></span>trumenti <span class=\"_ _2\"></span>derivati <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>copertura <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>flussi di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cassa erano negative per Eu<span class=\"_ _1\"></span>ro 0,4 milioni. Il<span class=\"ls0\"> <span class=\"_ _2\"></span>provento <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>derivante <span class=\"_ _2\"></span>dalla <span class=\"_ _2\"></span>valutazion<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>tali <span class=\"_ _2\"></span>strumenti <span class=\"_ _2\"></span>derivati <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value, <span class=\"_ _2\"></span><span class=\"ff1f\">iscritta <span class=\"_ _2\"></span>nel conto <span class=\"_ _3\"></span>economico </span></span></span></span></span>complessivo, am<span class=\"_ _1\"></span>monta nel 2022 ad Eu<span class=\"_ _1\"></span>ro 1,5 <span class=\"ff22\">milion<span class=\"_ _1\"></span>i al lordo de<span class=\"_ _1\"></span>ll\u2019effetto f<span class=\"_ _1\"></span>iscale (Euro 0,<span class=\"ff1f\">7 milion<span class=\"_ _1\"></span>i nel 2021<span class=\"ls5\">).<span class=\"_ _1\"></span><span class=\"ls0\"> </span></span></span></span>I <span class=\"_ _e\"></span>contratti <span class=\"_ _e\"></span>stipulati <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>RCS <span class=\"_ _e\"></span>MediaGroup, <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>riferiscono <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span><span class=\"ff24\">Interest <span class=\"_ _e\"></span>Rate <span class=\"_ _e\"></span>Swap</span>, <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>copertura <span class=\"_ _e\"></span><span class=\"ff22\">dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>esp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne<span class=\"ff1f\"> <span class=\"ls48\">al</span> </span></span>risc<span class=\"_ _2\"></span>hio <span class=\"_ _2\"></span><span class=\"ls1\">di<span class=\"ls0\"> <span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>bit<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>bre<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>med<span class=\"_ _2\"></span>io <span class=\"_ _2\"></span>lun<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>ter<span class=\"_ _2\"></span>mine<span class=\"_ _1\"></span>. Nel corso <span class=\"ff22\">dell\u2019anno</span> per RCS non sono stati stipulati </span></span>nuovi contratti d<span class=\"_ _1\"></span>i copertura <span class=\"_ _1\"></span>sui tassi di intere<span class=\"_ _1\"></span>sse. L\u2019ammontare <span class=\"_ _e\"></span>nozional<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>degli <span class=\"_ _11\"></span><span class=\"ff24\">Interest <span class=\"_ _e\"></span>Rate <span class=\"_ _e\"></span>Swap <span class=\"_ _e\"></span><span class=\"ff1f\">al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _e\"></span>2022, <span class=\"_ _e\"></span>interamente <span class=\"_ _e\"></span>riconducibili <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>Gruppo </span></span>RCS, <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>20 <span class=\"_ _e\"></span>milioni <span class=\"_ _3\"></span>(Euro <span class=\"_ _e\"></span>60 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _3\"></span>2021) <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>tasso <span class=\"_ _e\"></span>fisso <span class=\"_ _e\"></span>medio <span class=\"_ _e\"></span>contrattua<span class=\"_ _1\"></span>le degli <span class=\"_ _2\"></span><span class=\"ff24\">Interest <span class=\"_ _2\"></span>Rate <span class=\"_ _2\"></span>Swap <span class=\"_ _2\"></span><span class=\"ff22\">del<span class=\"_ _1\"></span>l\u20190,25% <span class=\"_ _2\"></span>(0,102% <span class=\"_ _2\"></span>l\u2019anno<span class=\"_ _2\"></span> pr<span class=\"_ _1\"></span>ecedente<span class=\"_ _1\"></span>). <span class=\"_ _2\"></span>Il <span class=\"_ _2\"></span>parametro <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>rif<span class=\"_ _1\"></span>erimento <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>tasso<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>variabile </span></span>\u00e8 l\u2019Euribor a tre <span class=\"_ _1\"></span>mesi. L\u2019ammontare <span class=\"_ _12\"> </span>nozional<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>degli <span class=\"_\"> </span>Intere<span class=\"_ _1\"></span>st <span class=\"_ _12\"> </span>Rate<span class=\"ff1f\"> <span class=\"_ _12\"> </span></span>Cap <span class=\"_ _12\"> </span><span class=\"ls4\">al</span> <span class=\"_ _12\"> </span>31 <span class=\"_\"> </span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _12\"> </span>2022, <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>copertura <span class=\"_\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _12\"> </span>rischio <span class=\"_\"> </span>t<span class=\"_ _3\"></span>asso <span class=\"_ _16\"> </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=\"_ _e\"></span>un <span class=\"_ _e\"></span>tasso <span class=\"_ _3\"></span>limite <span class=\"_ _e\"></span>dello <span class=\"_ _e\"></span>-<span class=\"ff22\">0,25%; <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>parametro <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>riferimento <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>tasso <span class=\"_ _e\"></span>variabile <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _3\"></span>pari <span class=\"_ _e\"></span>all\u2019Euribo</span>r<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>a <span class=\"_ _3\"></span>tre <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>sei mesi. De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneV<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> Pa<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>tr<span class=\"_ _2\"></span>oTa<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>o0<span class=\"_ _3\"></span>-6<span class=\"_ _3\"></span> me<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i6<span class=\"_ _3\"></span> me<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i1<span class=\"_ _3\"></span>-2<span class=\"_ _3\"></span> an<span class=\"_ _2\"></span>ni2<span class=\"_ _3\"></span>-5<span class=\"_ _3\"></span> an<span class=\"_ _2\"></span>niOltr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> i 5noz<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>na<span class=\"_ _2\"></span>le<span class=\"_ _e\"></span> in - 1<span class=\"_ _3\"></span> an<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>oa<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ie<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> (mi<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>\u20ac<span class=\"_ _3\"></span>)IRS<span class=\"_ _236\"> </span><span class=\"ff27\">20<span class=\"_ _1\"></span>,0<span class=\"_ _114\"> </span>-0,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>%<span class=\"_ _111\"> </span>(20<span class=\"_ _2\"></span>,0)<span class=\"_ _61\"> </span>-<span class=\"_ _40\"> </span><span class=\"ff1f\">-</span></span>Eu<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>or 3<span class=\"_ _1\"></span> M--CAP<span class=\"_ _23d\"> </span><span class=\"ff27\">2<span class=\"_ _2\"></span>0,0<span class=\"_ _114\"> </span>-0,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5%<span class=\"_ _b7\"> </span>(10<span class=\"_ _2\"></span>,0)<span class=\"_ _217\"> </span>(10<span class=\"_ _1\"></span>,0<span class=\"_ _2\"></span>)<span class=\"_ _40\"> </span><span class=\"ff1f\">-</span></span>Eu<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>or 3<span class=\"_ _1\"></span>-6<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>M--Totale<span class=\"_ _be\"> </span><span class=\"ff28\">4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,0</span>-Gli s<span class=\"_ _1\"></span>trumenti <span class=\"_ _2\"></span>sopra indi<span class=\"_ _1\"></span>cati <span class=\"_ _2\"></span>relativi alla <span class=\"_ _2\"></span>copertura de<span class=\"_ _1\"></span>ll\u2019esposizion<span class=\"ff1f\">e de<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>rischio <span class=\"_ _2\"></span>tasso <span class=\"_ _1\"></span>di in<span class=\"_ _1\"></span>teresse <span class=\"_ _2\"></span>e del <span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>schio <span class=\"_ _2\"></span>di </span>cambio, sono sta<span class=\"_ _1\"></span>ti negoziati<span class=\"_ _1\"></span> con finalit\u00e0 di c<span class=\"_ _1\"></span>opertura. Gli <span class=\"_ _f\"> </span>strumenti <span class=\"_ _4\"> </span>deriva<span class=\"_ _1\"></span>ti <span class=\"_ _4\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>copertura <span class=\"_ _4\"> </span>del <span class=\"_ _f\"> </span>rischio <span class=\"_ _f\"> </span>tasso <span class=\"_ _f\"> </span>d\u2019<span class=\"_ _3\"></span>interesse, <span class=\"_ _16\"> </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=\"_ _6\"></span>sono <span class=\"_ _a\"></span>stati <span class=\"_ _7\"></span>sottoposti <span class=\"_ _6\"></span>ai <span class=\"_ _a\"> </span>cosiddet<span class=\"_ _1\"></span>ti <span class=\"_ _7\"></span>test <span class=\"_ _7\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _7\"></span>efficacia <span class=\"_ _7\"></span>(pros<span class=\"_ _3\"></span>pettici <span class=\"_ _7\"></span>e <span class=\"_ _a\"> </span>retrospe<span class=\"_ _1\"></span>ttivi) <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>verificare l\u2019aderenza<span class=\"ff1f\"> degli stessi agli specifici requisiti richiesti dai principi <span class=\"_ _3\"></span>contabili i<span class=\"_ _3\"></span>ntern<span class=\"_ _1\"></span>azionali <span class=\"_ _3\"></span>per le <span class=\"_ _e\"></span>operazio<span class=\"_ _1\"></span>ni <span class=\"_ _3\"></span>di </span>copertura. De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneTip<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>lo<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>ia<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> Ris<span class=\"_ _e\"></span>chio Fa<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>ue<span class=\"_ _e\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ioneIm<span class=\"_ _1\"></span>pa<span class=\"_ _2\"></span>tto<span class=\"_ _3\"></span> r<span class=\"_ _1\"></span>ile<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ato <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span> co<span class=\"_ _3\"></span>nto<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>ae<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nom<span class=\"_ _1\"></span>ico<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivo <span class=\"_ _91\"> </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>2<span class=\"_ _24c\"> </span>3<span class=\"_ _3\"></span>1/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1Co<span class=\"_ _2\"></span>pertu<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>FN<span class=\"_ _169\"> </span>IRS<span class=\"_ _181\"> </span>0,<span class=\"_ _2\"></span>7<span class=\"_ _75\"> </span>(0,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)Ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span>o tasso1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>tere<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>eCo<span class=\"_ _2\"></span>pertu<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span> CAP<span class=\"_ _ef\"> </span>0<span class=\"_ _2\"></span>,6<span class=\"_ _232\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1Ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span>o tasso0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>50<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>amen<span class=\"_ _2\"></span>tii<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>tere<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>eTotale<span class=\"_ _24d\"> </span>1<span class=\"_ _3\"></span>,3<span class=\"_ _85\"> </span>(0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3)-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=\"ff24\">fair <span class=\"_ _5\"> </span>val<span class=\"_ _3\"></span>ue</span> <span class=\"_ _4\"> </span>dei<span class=\"_ _3\"></span> <span class=\"_ _5\"> </span>finanziamenti <span class=\"_ _5\"> </span>a <span class=\"_ _5\"> </span>lungo <span class=\"_ _5\"> </span>termine <span class=\"_ _4\"> </span>verso<span class=\"_ _3\"></span> <span class=\"_ _5\"> </span>terzi <span class=\"_ _4\"> </span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _5\"> </span>stimato <span class=\"_ _5\"> </span>sulla <span class=\"_ _4\"> </span><span class=\"ff22\">bas<span class=\"_ _3\"></span>e dell\u2019attual<span class=\"_ _1\"></span>izzazione </span>dei flussi di cas<span class=\"_ _1\"></span>sa futuri al <span class=\"_ _1\"></span>tasso di merca<span class=\"_ _1\"></span>to. Di seguito si r<span class=\"_ _1\"></span>iporta il confronto <span class=\"_ _1\"></span>tra il valore contabi<span class=\"_ _1\"></span>le ed il <span class=\"ff24\">fair val<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>e<span class=\"ff1f\">:<span class=\"_ _1\"></span> </span></span>De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></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=\"_ _2\"></span>a<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nta<span class=\"_ _2\"></span>bil<span class=\"_ _1\"></span>e<span class=\"_ _13\"> </span>Fa<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lu<span class=\"_ _2\"></span>e<span class=\"_ _75\"> </span>V<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>ore<span class=\"_ _e\"></span> co<span class=\"_ _3\"></span>nta<span class=\"_ _2\"></span>bile<span class=\"_ _14\"> </span>Fa<span class=\"_ _2\"></span>ir<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>ueFi<span class=\"_ _0\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>o term<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> verso terz<span class=\"_ _2\"></span>i<span class=\"_ _240\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _205\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _122\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _7e\"> </span>0,<span class=\"_ _2\"></span>2Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o sval<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _241\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _79\"> </span>-<span class=\"_ _213\"> </span>-Fi<span class=\"_ _0\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>ng<span class=\"_ _2\"></span>o term<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> verso col<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>egate<span class=\"_ _1bb\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _79\"> </span>-<span class=\"_ _213\"> </span>-Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o sval<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> verso<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>gate<span class=\"_ _242\"> </span>-<span class=\"_ _e9\"> </span>-<span class=\"_ _79\"> </span>-<span class=\"_ _213\"> </span>-Totale<span class=\"_ _128\"> </span>0,<span class=\"_ _3\"></span>8<span class=\"_ _61\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _2d\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _61\"> </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=\"_ _1\"></span>ri correnti sono pa<span class=\"_ _1\"></span>ri a Euro 1 milione <span class=\"_ _1\"></span>(Euro 0,2 milion<span class=\"_ _1\"></span>i al 31 dice<span class=\"_ _1\"></span>mbre <span class=\"ls6\">202</span>1).<span class=\"_ _1\"></span> 26. Cr<span class=\"_ _2\"></span>edit<span class=\"_ _2\"></span>i diver<span class=\"_ _2\"></span>si e<span class=\"_ _1\"></span>d a<span class=\"_ _2\"></span>ltre at<span class=\"_ _2\"></span>tivit<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _1\"></span>orr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti La composizione d<span class=\"_ _1\"></span>ella voce pu\u00f2 e<span class=\"_ _1\"></span>ssere cos\u00ec d<span class=\"_ _1\"></span>ett<span class=\"_ _2\"></span>aglia<span class=\"_ _2\"></span>ta: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>criz<span class=\"_ _2\"></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=\"_ _159\"> </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=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>oneCredi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> verso Erari<span class=\"_ _2\"></span>o2<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>,9<span class=\"_ _1fd\"> </span>20<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _8e\"> </span>6<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> per c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> sta<span class=\"_ _3\"></span>to<span class=\"_ _d2\"> </span><span class=\"fc1\">2<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>8<span class=\"_ _172\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _b0\"> </span>1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1</span>Ratei<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> atti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _172\"> </span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _243\"> </span>1,<span class=\"_ _2\"></span>0Ant<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> a <span class=\"_ _3\"></span>fo<span class=\"_ _1\"></span>rn<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>agen<span class=\"_ _1\"></span>ti1<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,7<span class=\"_ _1fd\"> </span>18<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _b8\"> </span>(0,<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> credi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _172\"> </span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _243\"> </span>0,<span class=\"_ _2\"></span>8Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>cre<span class=\"_ _e\"></span>d<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span> dive<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>i e<span class=\"_ _e\"></span>d a<span class=\"_ _2\"></span>ltr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti86<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _b8\"> </span>61<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _b4\"> </span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,9I cred<span class=\"_ _2\"></span>iti <span class=\"_ _3\"></span>div<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>rsi<span class=\"_ _1\"></span> e altre<span class=\"_ _1\"></span> attiv<span class=\"_ _2\"></span>it\u00e0 corre<span class=\"_ _2\"></span>nti par<span class=\"_ _1\"></span>i a <span class=\"_ _3\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"ls6\">86</span>,2 mil<span class=\"_ _2\"></span>ioni pre<span class=\"_ _2\"></span>senta<span class=\"_ _1\"></span><span class=\"ls6\">no<span class=\"ls0\"> </span>un<span class=\"ls0\"> <span class=\"_ _3\"></span>incr<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>24,9 <span class=\"_ _e\"></span>milioni </span></span>rispetto <span class=\"_ _1\"></span>al 31<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span>cembre 202<span class=\"_ _1\"></span>1. La <span class=\"_ _2\"></span>variazione \u00e8 <span class=\"_ _1\"></span>determin<span class=\"_ _1\"></span>ata pr<span class=\"_ _1\"></span>incipalmente d<span class=\"_ _2\"></span>a maggiori c<span class=\"_ _1\"></span>rediti <span class=\"_ _1\"></span>verso <span class=\"_ _1\"></span>erario <span class=\"_ _1\"></span>e da<span class=\"_ _2\"></span> maggiori crediti p<span class=\"_ _1\"></span>er contributi sta<span class=\"_ _1\"></span>tali come descritto <span class=\"_ _1\"></span>nella Nota 2 \u201cAl<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ri ricavi e pr<span class=\"_ _1\"></span>oventi\u201d. ",
   "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=\"_ _2\"></span>tivit<span class=\"_ _2\"></span>\u00e0 per<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>mpos<span class=\"_ _2\"></span>te ant<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ipa<span class=\"_ _2\"></span>te Le <span class=\"_ _2\"></span>\u201cattivit\u00e0 <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>mposte <span class=\"_ _2\"></span>anti<span class=\"_ _1\"></span>cipate\u201d <span class=\"_ _2\"></span>derivano <span class=\"_ _0\"></span>dal <span class=\"_ _2\"></span>riconoscimento, <span class=\"_ _2\"></span>ne<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span>bilancio <span class=\"_ _2\"></span>consol<span class=\"_ _1\"></span>ida<span class=\"ff1f ls2\">to<span class=\"ls0\"> <span class=\"_ _11\"></span>al <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></span>2022<span class=\"ls6\">, </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 pas<span class=\"_ _1\"></span>sivit\u00e0 esposti <span class=\"ls2\">in<span class=\"_ _1\"></span><span class=\"ls0\"> bilancio <span class=\"_ _1\"></span>e i </span></span>valori <span class=\"_ _3\"></span>riconosciuti <span class=\"ls4\">ai</span> <span class=\"_ _3\"></span>f<span class=\"_ _3\"></span>ini f<span class=\"_ _3\"></span>iscali <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sui <span class=\"_ _3\"></span>benefici <span class=\"_ _3\"></span>fiscali <span class=\"_ _e\"></span>derivant<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>da <span class=\"_ _3\"></span>perdite <span class=\"_ _e\"></span>fiscali <span class=\"_ _e\"></span>utilizzab<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>li. <span class=\"_ _e\"></span>La <span class=\"_ _e\"></span>voce, <span class=\"_ _3\"></span>pari<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>ad Euro <span class=\"_ _a\"> </span>86 <span class=\"_ _a\"></span>milioni,<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>presenta <span class=\"_ _7\"></span>un <span class=\"_ _a\"> </span>decremento <span class=\"_ _a\"></span>di <span class=\"_ _7\"></span>Euro <span class=\"_ _a\"> </span>0,8 <span class=\"_ _a\"> </span>milioni <span class=\"_ _7\"></span>rispetto <span class=\"_ _a\"> </span><span class=\"ls3\">al</span> <span class=\"_ _a\"> </span>31 <span class=\"_ _a\"></span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _a\"></span>2021 <span class=\"_ _7\"></span>e <span class=\"_ _a\"> </span>pu\u00f2 <span class=\"_ _7\"></span>essere dettagliata co<span class=\"_ _1\"></span>me seg<span class=\"_ _2\"></span>ue: Desc<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>i<span class=\"_ _e\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _e\"></span>one3<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=\"_ _2f\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>12<span class=\"_ _3\"></span>/<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1V<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>i<span class=\"_ _e\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>neP<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rd<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>te fi<span class=\"_ _2\"></span>sca<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> ri<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>rta<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>nu<span class=\"_ _2\"></span>ov<span class=\"_ _2\"></span>o2<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>,6<span class=\"_ _27\"> </span>22<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _e3\"> </span>(1,<span class=\"_ _2\"></span>0)Fo<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> re<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>fi<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ati<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>\u2019atti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>o p<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _49\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _2a\"> </span>0,<span class=\"_ _2\"></span>1Fo<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> ri<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ed o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _49\"> </span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2a\"> </span>1,<span class=\"_ _2\"></span>3Co<span class=\"_ _1\"></span>sti<span class=\"_ _2\"></span> a <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>edu<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>ta8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _49\"> </span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _49\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4Fi<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>ta da re<span class=\"_ _3\"></span>gi<span class=\"_ _0\"></span>me di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>trasparenz<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> fi<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>e-<span class=\"_ _c8\"> </span>-<span class=\"_ _bc\"> </span>-Im<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>zaz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>materi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ateri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _49\"> </span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _e3\"> </span>(0,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)Val<span class=\"_ _2\"></span>utaz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e s<span class=\"_ _3\"></span>tru<span class=\"_ _2\"></span>men<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span>vati0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _49\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _e3\"> </span>(0,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>ded<span class=\"_ _2\"></span>uci<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>ta1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,1<span class=\"_ _27\"> </span>12<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _e3\"> </span><span class=\"fc1\">(2,<span class=\"_ _2\"></span>5)</span>Al<span class=\"_ _2\"></span>tre di<span class=\"_ _2\"></span>fferenz<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>tem<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span>nee2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,1<span class=\"_ _27\"> </span>25<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _e3\"> </span>(0,<span class=\"_ _2\"></span>5)Totale<span class=\"_ _e\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 p<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span> im<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>os<span class=\"_ _11\"></span>te<span class=\"_ _e\"></span> an<span class=\"_ _1\"></span>ticip<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,0<span class=\"_ _e3\"> </span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _1f\"> </span>(0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)Le <span class=\"_ _e\"></span>imposte <span class=\"_ _e\"></span>anticipate <span class=\"_ _e\"></span>sono <span class=\"_ _11\"></span>calcolate <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>funzione <span class=\"_ _e\"></span>della <span class=\"_ _11\"></span>stima <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>im<span class=\"_ _3\"></span>ponibili <span class=\"_ _e\"></span>fiscali <span class=\"_ _e\"></span>futuri <span class=\"_ _e\"></span>nei <span class=\"_ _11\"></span>periodi <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>cui <span class=\"_ _e\"></span>le relative differenz<span class=\"_ _1\"></span>e temporanee e i be<span class=\"_ _1\"></span>nefici derivant<span class=\"_ _1\"></span>i dall\u2019utilizzo di <span class=\"_ _1\"></span>perdite fiscal<span class=\"_ _1\"></span>i pregresse s<span class=\"_ _1\"></span>i riverseranno. Le <span class=\"_ _e\"></span>imposte <span class=\"_ _e\"></span>anticipate <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _e\"></span>2022 <span class=\"_ _11\"></span>si <span class=\"_ _e\"></span>riferiscono <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>Euro <span class=\"_ _11\"></span>82,6 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span>Gruppo <span class=\"_ _e\"></span>RCS <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>cui <span class=\"_ _e\"></span>Euro 58,6 milioni al gr<span class=\"_ _1\"></span>uppo spagnolo Un<span class=\"_ _1\"></span>idad Editor<span class=\"_ _1\"></span>ial. Con <span class=\"_\"> </span>particolare <span class=\"_ _16\"> </span>riferimento <span class=\"_\"> </span>alle <span class=\"_ _16\"> </span>imposte <span class=\"_\"> </span>anticipate <span class=\"_\"> </span>relative <span class=\"_ _16\"> </span>al<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>gruppo <span class=\"_\"> </span>Unidad <span class=\"_\"> </span>Edit<span class=\"_ _3\"></span>orial, <span class=\"_\"> </span>la <span class=\"_ _16\"> </span>valutazione dell\u2019iscrivibil<span class=\"_ _1\"></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=\"_ _3\"></span>31 <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _e\"></span><span class=\"ff1f\">2022 \u00e8 <span class=\"_ _e\"></span>stata effettuata <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _e\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>stima </span>dei <span class=\"_ _6\"></span>redditi <span class=\"_ _6\"></span>imponibili <span class=\"_ _11\"></span>ricavabili <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>piano <span class=\"_ _6\"></span>2023-2027 <span class=\"_ _6\"></span>approvato <span class=\"_ _e\"></span><span class=\"ls4\">ed</span> <span class=\"_ _6\"></span>estrapolando <span class=\"_ _e\"></span>da <span class=\"_ _11\"></span><span class=\"ff22\">quest\u2019ultimo</span> <span class=\"_ _11\"></span><span class=\"ls16\">la</span> <span class=\"_ _11\"></span>bas<span class=\"_ _3\"></span>e <span class=\"_ _11\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> calcolo per <span class=\"ls2\">le</span> p<span class=\"_ _1\"></span>roiezion<span class=\"_ _1\"></span>i dei <span class=\"ff22\">successivi esercizi. Peraltro, l\u2019ammontare delle perdite fiscali <span class=\"_ _3\"></span>riportabili a nuovo </span>a fronte delle qua<span class=\"_ _1\"></span>li non son<span class=\"_ _1\"></span>o state iscrit<span class=\"_ _1\"></span>te imposte anti<span class=\"_ _1\"></span>cipate \u00e8 di <span class=\"_ _1\"></span>importo sign<span class=\"_ _1\"></span>ificativo. Alla <span class=\"_ _11\"></span>l<span class=\"_ _3\"></span>uce <span class=\"_ _11\"></span>del <span class=\"_ _6\"></span>contesto <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>incertezza <span class=\"_ _11\"></span>sono <span class=\"_ _6\"></span>state <span class=\"_ _11\"></span>condotte <span class=\"_ _6\"></span>analisi <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>sens<span class=\"_ _3\"></span>itivit\u00e0 <span class=\"_ _11\"></span>sul <span class=\"_ _6\"></span>business <span class=\"_ _6\"></span>plan <span class=\"_ _11\"></span>usato <span class=\"_ _6\"></span>per <span class=\"_ _11\"></span>la verifica <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>recuperabilit\u00e0 <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>imposte <span class=\"_ _2\"></span>anticipate <span class=\"_ _2\"></span>iscritte <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>Spagna <span class=\"_ _2\"></span>in <span class=\"_ _1\"></span>linea <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>quanto <span class=\"_ _2\"></span>predisposto <span class=\"_ _2\"></span>nell\u2019ambito del <span class=\"_ _7\"></span>test <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _7\"></span>impairment. <span class=\"_ _7\"></span>Tali <span class=\"_ _7\"></span>analisi <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>sensitivit\u00e0 <span class=\"_ _7\"></span>non <span class=\"_ _6\"></span>hanno <span class=\"_ _7\"></span>evidenziato <span class=\"_ _7\"></span>criticit\u00e0 <span class=\"_ _7\"></span>rispetto <span class=\"_ _7\"></span>alla <span class=\"_ _a\"> </span>complessiva recuperabilit\u00e0 d<span class=\"_ _1\"></span>elle imposte<span class=\"_ _1\"></span> anticipate iscr<span class=\"_ _1\"></span>itte.<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=\"_ _2\"></span>imane<span class=\"_ _1\"></span>nze La composizione e <span class=\"_ _3\"></span>la m<span class=\"_ _3\"></span>ovimentaz<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>delle rimanenze, interamente riconducibili alle societ\u00e0 <span class=\"_ _3\"></span>editoriali, sono esposte nel segu<span class=\"_ _1\"></span>ito: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></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=\"_ _7d\"> </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=\"_ _2\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ioneM<span class=\"_ _1\"></span>ateri<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span>me,<span class=\"_ _2\"></span> sussi<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e e<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>sum<span class=\"_ _2\"></span>o2<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>4<span class=\"_ _21\"> </span>1<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>1<span class=\"_ _243\"> </span>1<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>3P<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>orso<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>av<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>em<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _2\"></span>orati<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> bo<span class=\"_ _2\"></span>rd<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>r\u00f23<span class=\"_ _2\"></span>,8<span class=\"_ _244\"> </span>2<span class=\"_ _2\"></span>,1<span class=\"_ _24\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7P<span class=\"_ _3\"></span>ro<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>bri3<span class=\"_ _2\"></span>,3<span class=\"_ _244\"> </span>2<span class=\"_ _2\"></span>,4<span class=\"_ _24\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9Total<span class=\"_ _1\"></span>e3<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _17e\"> </span>1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _165\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,9Le <span class=\"_ _6\"></span>r<span class=\"_ _3\"></span>imanenze <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>es<span class=\"_ _3\"></span>poste <span class=\"_ _6\"></span>al <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>un <span class=\"_ _7\"></span>fondo <span class=\"_ _6\"></span>svalutazione <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>2,<span class=\"_ _3\"></span>6 <span class=\"_ _7\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _7\"></span>2,2 <span class=\"_ _7\"></span>milioni <span class=\"_ _6\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>31 dicembre 2021).<span class=\"_ _1\"></span> <span class=\"ff21 fs7 fc0\">Materie prime, sussid<span class=\"_ _1\"></span>iarie e di co<span class=\"_ _2\"></span>nsumo<span class=\"_ _2\"></span> </span>La<span class=\"ls0\"> <span class=\"_ _2\"></span>voce<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>incl<span class=\"_ _1\"></span>ude <span class=\"_ _0\"></span>principalmente <span class=\"_ _0\"></span>giacenze <span class=\"_ _0\"></span>di <span class=\"_ _2\"></span>carta <span class=\"_ _0\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _2\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>iscritta <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _0\"></span>minore <span class=\"_ _0\"></span>tra <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"ls0\"> <span class=\"_ _0\"></span>costo <span class=\"_ _2\"></span><span class=\"ff22\">d\u2019acquis<span class=\"_ _1\"></span>to o<span class=\"ff1f\"> <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>produzio<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span><span class=\"ls3\">ed<span class=\"ls0\"> </span></span></span></span></span></span></span></span></span></span></span></span></span>il<span class=\"ls0\"> <span class=\"_ _2\"></span>valore <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>presunt<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>realizz<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>desumibile <span class=\"_ _2\"></span><span class=\"ff22\">dal<span class=\"_ _1\"></span>l\u2019andament<span class=\"_ _1\"></span>o<span class=\"ff1f\"> <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>mercato <span class=\"_ _0\"></span>alla chiusura <span class=\"_ _2\"></span>del periodo. <span class=\"_ _2\"></span>Si ricorda <span class=\"_ _2\"></span>che il </span></span></span>costo di acquis<span class=\"_ _1\"></span>to per le materie pr<span class=\"_ _1\"></span>ime \u00e8 deter<span class=\"_ _1\"></span>minato con il metodo del cos<span class=\"_ _1\"></span>to medio<span class=\"_ _1\"></span> ponderato. <span class=\"ff21 fs7 fc0\">Prodotti <span class=\"ls2\">in<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>corso <span class=\"ls27\">di</span> <span class=\"_ _2\"></span>lavorazione, <span class=\"_ _1\"></span>semilavorat<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>bo<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>er\u00f2<span class=\"_ _1\"></span> </span></span></span>La voce <span class=\"_ _3\"></span>include i<span class=\"_ _3\"></span> costi <span class=\"_ _3\"></span>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=\"_ _1\"></span>per se<span class=\"_ _1\"></span>rvizi non <span class=\"_ _2\"></span>ancora utilizzati, <span class=\"_ _2\"></span>ma disponibili <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>future p<span class=\"_ _1\"></span>ubblicazion<span class=\"_ _1\"></span>i, e l<span class=\"_ _1\"></span>avori <span class=\"_ _1\"></span>in corso su ope<span class=\"_ _1\"></span>re di prossima ediz<span class=\"_ _1\"></span>ione.<span class=\"ff21\"> </span><span class=\"ff21 fs7 fc0\">Prodotti <span class=\"_ _2\"></span>fini<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span> </span>La <span class=\"_ _e\"></span>voce <span class=\"_ _3\"></span>include <span class=\"_ _e\"></span>le <span class=\"_ _3\"></span>rimanenze <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>libri <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>prodotti <span class=\"_ _3\"></span>promozionali <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>RCS, <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>giacenze <span class=\"_ _3\"></span>di La7 re<span class=\"_ _1\"></span>lative a<span class=\"_ _1\"></span> programmi televisivi prodott<span class=\"_ _1\"></span>i <span class=\"ls16\">le<span class=\"_ _3\"></span></span> cui puntate non sono <span class=\"_ _3\"></span>ancora andate <span class=\"ls2\">in</span> onda <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _11\"></span>2022, <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>diritti <span class=\"_ _e\"></span>di durata inferiore a<span class=\"_ _1\"></span> 12 mesi<span class=\"_ _1\"></span> <span class=\"ls49\">su</span> film, telefilm, ca<span class=\"_ _1\"></span>rtoni animati e <span class=\"_ _2\"></span>documentari <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>quali<span class=\"_ _3\"></span> <span class=\"_ _2\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _1\"></span>disponib<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_ _2\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>diritto </span></span>non <span class=\"_ _2\"></span>si \u00e8 <span class=\"_ _2\"></span>esaurita <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>si di<span class=\"_ _1\"></span>spone <span class=\"_ _2\"></span>di pa<span class=\"_ _1\"></span>ssaggi degli ste<span class=\"_ _1\"></span>ssi da poter t<span class=\"_ _1\"></span>rasmettere ne<span class=\"_ _1\"></span>ll\u2019esercizio succes<span class=\"_ _1\"></span>sivo. ",
   "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=\"_ _2\"></span>edit<span class=\"_ _2\"></span>i comme<span class=\"_ _2\"></span>rcial<span class=\"_ _1\"></span>i La<span class=\"ls0\"> composizione d<span class=\"_ _1\"></span>ella voc<span class=\"_ _1\"></span>e \u00e8 esposta ne<span class=\"_ _1\"></span>l prospetto <span class=\"_ _1\"></span>che se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>e:<span class=\"_ _1\"></span> </span>De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne31<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=\"_ _52\"> </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=\"_ _2\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>neCred<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i3<span class=\"_ _2\"></span>02<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _17b\"> </span>32<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _22\"> </span>(2<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>5<span class=\"_ _2\"></span>)F<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>o sv<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>tazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i(3<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>9<span class=\"_ _2\"></span>)<span class=\"_ _b4\"> </span>(4<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>)<span class=\"_ _24\"> </span>3,<span class=\"_ _2\"></span>0Total<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _2\"></span>ti c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>rcia<span class=\"_ _2\"></span>li26<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _98\"> </span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,8<span class=\"_ _7b\"> </span>(24<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)I <span class=\"_ _2\"></span>crediti c<span class=\"_ _2\"></span>ommerciali, <span class=\"_ _2\"></span>pari <span class=\"_ _1\"></span>ad <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>2<span class=\"_ _3\"></span>64,3 <span class=\"_ _2\"></span>milioni, <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>esposti <span class=\"_ _2\"></span>al ne<span class=\"_ _1\"></span>tto <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>rese <span class=\"_ _1\"></span>attese <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>quotidia<span class=\"_ _3\"></span><span class=\"ls6\">ni</span> <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>periodici e pre<span class=\"_ _1\"></span>sentano <span class=\"_ _2\"></span>un <span class=\"ls6\">de</span>cremento <span class=\"_ _1\"></span>di Eu<span class=\"_ _2\"></span>ro<span class=\"_ _3\"></span> 24,<span class=\"_ _2\"></span>5 milioni <span class=\"_ _2\"></span>rispetto <span class=\"ff22\">al<span class=\"_ _1\"></span>l\u2019esercizio pre<span class=\"_ _1\"></span>cedente<span class=\"ff1f\">. </span></span>I <span class=\"_ _7\"></span>crediti <span class=\"_ _7\"></span>commerciali <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>inoltre <span class=\"_ _7\"></span>espressi <span class=\"_ _7\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span>netto <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>fondo <span class=\"_ _7\"></span>svalutazione <span class=\"_ _7\"></span>crediti <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>\u00e8 <span class=\"_ _7\"></span>stato <span class=\"_ _a\"> </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=\"_ _5\"> </span>rischio <span class=\"_ _4\"> </span>specifica<span class=\"_ _1\"></span>mente <span class=\"_ _4\"> </span>individuate, <span class=\"_ _4\"> </span>sia <span class=\"_ _a\"></span>di <span class=\"_ _7\"></span>un <span class=\"_ _a\"></span>rischio <span class=\"_ _7\"></span>generico <span class=\"_ _7\"></span>di inesigibilit\u00e0 conse<span class=\"_ _1\"></span>guente al norm<span class=\"_ _1\"></span>ale andament<span class=\"_ _1\"></span>o dell\u2019opera<span class=\"_ _1\"></span>tivit\u00e0 azi<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>dal<span class=\"_ _1\"></span>e.<span class=\"_ _2\"></span> Il <span class=\"_ _1\"></span>fondo <span class=\"_ _2\"></span>svalutazione <span class=\"_ _1\"></span>crediti, <span class=\"_ _2\"></span>pari ad <span class=\"_ _2\"></span>Euro 37,9 <span class=\"_ _2\"></span>milioni, <span class=\"_ _2\"></span>si<span class=\"_ _3\"></span> <span class=\"ls6\">de</span>crementa <span class=\"_ _2\"></span>di Eu<span class=\"_ _1\"></span>ro 3 <span class=\"_ _2\"></span>milioni <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls6\">31<span class=\"ls0\"> <span class=\"_ _2\"></span>dice<span class=\"_ _1\"></span>mbre </span></span></span></span>2021 <span class=\"_ _212\"></span>per <span class=\"_ _0\"></span>effetto <span class=\"_ _212\"></span>degli <span class=\"_ _212\"></span>accantonamenti <span class=\"_ _212\"></span>del <span class=\"_ _0\"></span>periodo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>(Euro <span class=\"_ _212\"></span>1,2 <span class=\"_ _2\"></span>milioni<span class=\"_ _1\"></span>), <span class=\"_ _2\"></span>dagli <span class=\"_ _212\"></span>utilizzi <span class=\"_ _212\"></span>del <span class=\"_ _212\"></span>periodo <span class=\"_ _212\"></span>(Euro <span class=\"_ _0\"></span>4,2 <span class=\"_ _212\"></span>milioni).<span class=\"_ _2\"></span> Per <span class=\"ls6\">un</span> pi\u00f9 ampio co<span class=\"_ _1\"></span>mmento sul risch<span class=\"_ _1\"></span>io di credito s<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> rimanda al<span class=\"_ _1\"></span>la Nota 4<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></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=\"_ _1\"></span>fondo <span class=\"_ _2\"></span>svalutazione <span class=\"_ _1\"></span>crediti, <span class=\"_ _2\"></span>pari ad <span class=\"_ _2\"></span>Euro 37,9 <span class=\"_ _2\"></span>milioni, <span class=\"_ _2\"></span>si<span class=\"_ _3\"></span> <span class=\"ls6\">de</span>crementa <span class=\"_ _2\"></span>di Eu<span class=\"_ _1\"></span>ro 3 <span class=\"_ _2\"></span>milioni <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls6\">31<span class=\"ls0\"> <span class=\"_ _2\"></span>dice<span class=\"_ _1\"></span>mbre </span></span></span></span>2021 <span class=\"_ _212\"></span>per <span class=\"_ _0\"></span>effetto <span class=\"_ _212\"></span>degli <span class=\"_ _212\"></span>accantonamenti <span class=\"_ _212\"></span>del <span class=\"_ _0\"></span>periodo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>(Euro <span class=\"_ _212\"></span>1,2 <span class=\"_ _2\"></span>milioni<span class=\"_ _1\"></span>), <span class=\"_ _2\"></span>dagli <span class=\"_ _212\"></span>utilizzi <span class=\"_ _212\"></span>del <span class=\"_ _212\"></span>periodo <span class=\"_ _212\"></span>(Euro <span class=\"_ _0\"></span>4,2 <span class=\"_ _212\"></span>milioni).<span class=\"_ _2\"></span> Per <span class=\"ls6\">un</span> pi\u00f9 ampio co<span class=\"_ _1\"></span>mmento sul risch<span class=\"_ _1\"></span>io di credito s<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> rimanda al<span class=\"_ _1\"></span>la Nota 4<span class=\"_ _2\"></span>1.<span class=\"_ _2\"></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=\"_ _2\"></span>edit<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>verso<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>olla<span class=\"_ _2\"></span>nti, <span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>llegat<span class=\"_ _1\"></span>e e<span class=\"_ _2\"></span> cons<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iat<span class=\"_ _1\"></span>e La<span class=\"ls0\"> <span class=\"_ _a\"> </span>voce, <span class=\"_ _a\"> </span>pari <span class=\"_ _12\"> </span><span class=\"ls3\">ad</span> <span class=\"_ _a\"> </span>Euro <span class=\"_ _a\"> </span>2,6 <span class=\"_ _a\"> </span>milioni <span class=\"_ _a\"> </span>(Euro <span class=\"_ _a\"> </span>2,9 <span class=\"_ _a\"> </span>milioni <span class=\"_ _a\"> </span><span class=\"ls4\">al</span> <span class=\"_ _a\"> </span>31 <span class=\"_ _a\"> </span>dicembre <span class=\"_ _a\"> </span>2021<span class=\"ls5\">),</span> <span class=\"_ _a\"> </span>include <span class=\"_ _5\"> </span>pr<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>cip<span class=\"_ _2\"></span>alme<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>:<span class=\"_ _1\"></span> </span><span class=\"ff1f fs7 fc0\">per <span class=\"_ _e\"></span>Euro <span class=\"_ _3\"></span>1,4 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>crediti <span class=\"_ _e\"></span>verso <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>valutate <span class=\"_ _e\"></span>a <span class=\"_ _3\"></span>patrimonio <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>Gruppo m<span class=\"_ _3\"></span>-Dis <span class=\"_ _2\"></span>Distribuzione <span class=\"_ _2\"></span>Media<span class=\"_ _1\"></span> </span><span class=\"ff1f fs7 fc0\">per <span class=\"_ _11\"></span>Eur<span class=\"_ _1\"></span>o <span class=\"_ _11\"></span><span class=\"ls6\">0,</span>8 <span class=\"_ _e\"></span>milio<span class=\"_ _1\"></span>ni <span class=\"_ _11\"></span>cred<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>verso<span class=\"_ _1\"></span> <span class=\"_ _11\"></span><span class=\"ls16\">la</span> <span class=\"_ _11\"></span>socie<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _11\"></span>conso<span class=\"_ _2\"></span>cia<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>Torin<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>Fo<span class=\"_ _1\"></span>otb<span class=\"_ _2\"></span>all <span class=\"_ _11\"></span>Clu<span class=\"_ _1\"></span>b <span class=\"_ _11\"></span>S.p<span class=\"_ _2\"></span>.A. <span class=\"_ _e\"></span>matura<span class=\"_ _2\"></span>ti <span class=\"_ _6\"></span>principalmente<span class=\"_ _1\"></span> </span>nell\u2019ambito dei ra<span class=\"_ _1\"></span>pporti co<span class=\"_ _1\"></span>ntrattuali desc<span class=\"_ _1\"></span>ritti nella suc<span class=\"_ _1\"></span>cessiva Nota 4<span class=\"_ _1\"></span>0;<span class=\"ff1f\"> </span>per <span class=\"_ _ab\"> </span>Euro <span class=\"_ _15\"> </span>0,4 <span class=\"_ _17\"> </span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _15\"> </span><span class=\"ls2\">il</span> <span class=\"_ _17\"> </span>cr<span class=\"_ _3\"></span>edito <span class=\"_ _17\"> </span>vantato <span class=\"_ _17\"> </span>da <span class=\"_ _17\"> </span>alcune <span class=\"_ _17\"> </span>societ\u00e0 <span class=\"_ _17\"> </span>del <span class=\"_ _ab\"> </span>Gruppo <span class=\"_ _15\"> </span>ver<span class=\"_ _3\"></span>so <span class=\"_ _17\"> </span><span class=\"ls2\">la</span> <span class=\"_ _17\"> </span>cont<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>llan<span class=\"_ _1\"></span>te <span class=\"_ _f\"> </span>U.T.<span class=\"_ _1\"></span> Co<span class=\"_ _1\"></span>mmu<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span> <span class=\"_ _5\"> </span>matu<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>ne<span class=\"_ _2\"></span>ll\u2019am<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>to <span class=\"_ _5\"> </span>del <span class=\"_ _5\"> </span>cons<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>lid<span class=\"_ _2\"></span>ato <span class=\"_ _15\"> </span>fi<span class=\"_ _1\"></span>sc<span class=\"_ _2\"></span>ale <span class=\"_ _15\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _5\"> </span>que<span class=\"_ _1\"></span>st\u2019u<span class=\"_ _2\"></span>ltim<span class=\"_ _2\"></span>a <span class=\"_ _15\"> </span>vig<span class=\"_ _2\"></span>ente <span class=\"_ _5\"> </span>fino<span class=\"_ _2\"></span> <span class=\"_ _15\"> </span>al <span class=\"_ _5\"> </span>term<span class=\"_ _1\"></span>ine<span class=\"_ _2\"></span> del<span class=\"_ _1\"></span>l\u2019e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>io <span class=\"_ _2\"></span>2016.<span class=\"_ _2\"></span> 36. De<span class=\"_ _2\"></span>biti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>ver<span class=\"_ _2\"></span>so <span class=\"_ _2\"></span>cont<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>llanti<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lle<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>e e<span class=\"_ _2\"></span> cons<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iate La<span class=\"ls0\"> <span class=\"_ _2\"></span>voce <span class=\"_ _2\"></span><span class=\"ff22\">\u201cdebiti<span class=\"ff1f\"> <span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>erso <span class=\"_ _2\"></span>controllant<span class=\"_ _1\"></span>i, <span class=\"_ _2\"></span>collegate <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span><span class=\"ff22\">con<span class=\"_ _1\"></span>sociate\u201d<span class=\"ff1f\"> <span class=\"_ _0\"></span>ammonta <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>11,8 <span class=\"_ _2\"></span>milion<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>(Euro 7,5 milio<span class=\"_ _1\"></span>ni al 31<span class=\"_ _1\"></span> </span></span></span></span></span>dicembre 2021) <span class=\"_ _1\"></span>ed include princip<span class=\"_ _1\"></span>almente: <span class=\"ff1f fc0\">per <span class=\"_ _1\"></span>Euro <span class=\"_ _2\"></span>9,1 milioni, <span class=\"_ _2\"></span>i debi<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>commerciali verso <span class=\"_ _2\"></span>alcune <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _2\"></span>collegate <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Gruppo <span class=\"_ _2\"></span>Bermont <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>si <span class=\"_ _e\"></span>occupano </span>in Spagna della s<span class=\"_ _1\"></span>tampa di quotidia<span class=\"_ _1\"></span>ni, periodici e a<span class=\"_ _1\"></span>ltri p<span class=\"_ _1\"></span>rodotti editorial<span class=\"_ _1\"></span>i; per <span class=\"_\"> </span>Euro<span class=\"_ _1\"></span> <span class=\"_\"> </span>0,7 <span class=\"_ _12\"> </span>milioni, <span class=\"_ _12\"> </span>i <span class=\"_\"> </span>debiti <span class=\"_ _12\"> </span>commerciali <span class=\"_\"> </span>ve<span class=\"_ _1\"></span>rso <span class=\"_\"> </span>s<span class=\"_ _1\"></span>ociet\u00e0 <span class=\"_\"> </span>va<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>utate <span class=\"_\"> </span>a<span class=\"_ _1\"></span> <span class=\"_\"> </span>pa<span class=\"_ _1\"></span>trimonio <span class=\"_\"> </span>n<span class=\"_ _2\"></span>etto <span class=\"_\"> </span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>m-Dis Distribuzione <span class=\"_ _1\"></span>Media per <span class=\"_ _12\"> </span>Euro <span class=\"_ _12\"> </span>1,7 <span class=\"_\"> </span>m<span class=\"_ _1\"></span>ilioni, <span class=\"_ _12\"> </span>i <span class=\"_ _12\"> </span>debiti <span class=\"_ _12\"> </span>commerciali <span class=\"_ _12\"> </span>verso <span class=\"_ _12\"> </span><span class=\"ls16\">la</span> <span class=\"_\"> </span>so<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _12\"> </span>correlata <span class=\"_ _12\"> </span>Torino <span class=\"_ _12\"> </span>Football <span class=\"_ _12\"> </span>C<span class=\"_ _1\"></span>lu<span class=\"_ _2\"></span>b <span class=\"_ _e\"></span>S.p.<span class=\"_ _1\"></span>A.<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span><span class=\"ls16\">le</span> com<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>matur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>fron<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _1\"></span>acc<span class=\"_ _2\"></span>ordo<span class=\"_ _2\"></span> <span class=\"ls6\">di</span> <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nce<span class=\"_ _2\"></span>ssion<span class=\"_ _2\"></span>e p<span class=\"_ _2\"></span>ubbli<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>ria <span class=\"_ _2\"></span>stipu<span class=\"_ _2\"></span>lato <span class=\"_ _2\"></span>con CA<span class=\"_ _1\"></span>IRORCS <span class=\"_ _1\"></span>Media S.p.A<span class=\"_ _1\"></span>. Si<span class=\"ls0\"> fo<span class=\"_ _2\"></span>rnis<span class=\"_ _1\"></span>con<span class=\"_ _2\"></span>o n<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>le <span class=\"_ _2\"></span>seg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nti<span class=\"_ _2\"></span> ta<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>i d<span class=\"_ _2\"></span>ettag<span class=\"_ _2\"></span>li d<span class=\"_ _2\"></span>ei <span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ppo<span class=\"_ _2\"></span>rti <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>par<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span>cor<span class=\"_ _1\"></span>rel<span class=\"_ _2\"></span>ate <span class=\"_ _2\"></span>sudd<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>linee<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>bilancio. Sono </span>esclusi i rapporti <span class=\"_ _1\"></span>infragrupp<span class=\"_ _1\"></span>o eliminati nel pro<span class=\"_ _1\"></span>cesso di <span class=\"_ _1\"></span>consolidament<span class=\"_ _1\"></span>o. Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _1\"></span> e<span class=\"_ _11\"></span> attivit\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ieCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _1\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _1\"></span> Altr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> atti<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>)co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>cal<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiSo<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _36\"> </span><span class=\"fc0\"> <span class=\"_ _1e3\"> </span></span>0,<span class=\"_ _2\"></span>4So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>eg<span class=\"_ _1\"></span>ate<span class=\"_ _2d\"> </span><span class=\"fc0\"> <span class=\"_ _19\"> </span> <span class=\"_ _10d\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4</span>Al<span class=\"_ _2\"></span>tre c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>ate<span class=\"_ _90\"> </span><span class=\"fc0\"> <span class=\"_ _252\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8</span>Al<span class=\"_ _2\"></span>tre parti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>correl<span class=\"_ _2\"></span>ate<span class=\"_ _4e\"> </span><span class=\"fc0\">0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6</span>To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _82\"> </span> <span class=\"_ _253\"> </span>2<span class=\"_ _3\"></span>,8<span class=\"_ _22\"> </span>0,<span class=\"_ _3\"></span>4De<span class=\"_ _11\"></span>bi<span class=\"_ _1\"></span>ti e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>ivit\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ieDe<span class=\"_ _11\"></span>bi<span class=\"_ _1\"></span>ti co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> Altr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> pa<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>)e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span> altr<span class=\"_ _2\"></span>i d<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>bitif<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _e\"></span> co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiSo<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>iSo<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>eg<span class=\"_ _1\"></span>ate<span class=\"_ _1df\"> </span><span class=\"fc0\">10<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1</span>Al<span class=\"_ _2\"></span>tre c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>ate<span class=\"_ _254\"> </span><span class=\"fc0\">1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7</span>Al<span class=\"_ _2\"></span>tre parti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>correl<span class=\"_ _2\"></span>ate<span class=\"_ _1f\"> </span> To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _82\"> </span> <span class=\"_ _1b0\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8Ricavi e<span class=\"_ _11\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>s<span class=\"_ _11\"></span>tiRicavi o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tiv<span class=\"_ _3\"></span>iCo<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti o<span class=\"_ _e\"></span>p<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tiv<span class=\"_ _3\"></span>iPr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>nti<span class=\"_ _1\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>)f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>iSo<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>iSo<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>eg<span class=\"_ _1\"></span>ate<span class=\"_ _4e\"> </span>(1<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>2<span class=\"_ _2\"></span>)0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5Al<span class=\"_ _2\"></span>tre c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>ate<span class=\"_ _1df\"> </span>(1,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>)0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2Al<span class=\"_ _2\"></span>tre parti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>correl<span class=\"_ _2\"></span>ate<span class=\"_ _255\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>)1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _bd\"> </span>(17<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)1<span class=\"_ _3\"></span>,7I <span class=\"_ _2\"></span>rapporti ve<span class=\"_ _1\"></span>rso <span class=\"_ _2\"></span>le soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"_ _2\"></span>collegate <span class=\"_ _2\"></span>si rife<span class=\"_ _1\"></span>riscono <span class=\"_ _2\"></span>prevalentemen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>alle soc<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _2\"></span>collegate <span class=\"_ _2\"></span>appartenenti<span class=\"_ _3\"></span> <span class=\"_ _0\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>ruppo </span></span>Bermont, <span class=\"_ _6\"></span>verso <span class=\"_ _6\"></span><span class=\"ls2\">le</span> <span class=\"_ _6\"></span>quali, <span class=\"_ _6\"></span><span class=\"ls2\">le</span> <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _7\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>operano <span class=\"_ _6\"></span><span class=\"ls2\">in</span> <span class=\"_ _6\"></span>Spagna <span class=\"_ _12\"> </span>(Gruppo <span class=\"_ _12\"> </span>Unidad<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>Editorial), <span class=\"_ _12\"> </span>hanno<span class=\"_ _1\"></span> sostenuto costi ne<span class=\"_ _1\"></span>l 2022 per Euro <span class=\"_ _1\"></span>13,1 milioni e de<span class=\"_ _1\"></span>tengono debiti c<span class=\"_ _1\"></span>ommerciali pe<span class=\"_ _1\"></span>r Euro 9,1 milioni.<span class=\"fs0\"> </span>Si segna<span class=\"_ _1\"></span>lano ino<span class=\"_ _1\"></span>ltre rap<span class=\"_ _1\"></span>porti <span class=\"_ _1\"></span>con l<span class=\"_ _1\"></span>e socie<span class=\"_ _1\"></span>t\u00e0 va<span class=\"_ _1\"></span>lutate a <span class=\"_ _1\"></span>patri<span class=\"_ _1\"></span>monio ne<span class=\"_ _1\"></span>tto del G<span class=\"_ _1\"></span>ruppo <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>-Dis Dist<span class=\"_ _1\"></span>ribuzione <span class=\"_ _0\"></span>Media verso <span class=\"_ _1\"></span><span class=\"ls16\">le<span class=\"ls0\"> q<span class=\"_ _1\"></span>uali <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> so<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _2\"></span>del Gruppo <span class=\"_ _2\"></span>hanno <span class=\"_ _1\"></span>realizza<span class=\"_ _1\"></span>to n<span class=\"_ _2\"></span>el 2022 <span class=\"_ _2\"></span>ricavi pe<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>0,4 milioni <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sostenuto costi per </span></span></span></span>Euro <span class=\"_ _2\"></span>1,2 <span class=\"_ _0\"></span>milioni <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>tengono <span class=\"_ _0\"></span>crediti <span class=\"_ _2\"></span>commerciali <span class=\"_ _0\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>1,4 <span class=\"_ _2\"></span>milioni, <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>biti <span class=\"_ _2\"></span>commerci<span class=\"_ _1\"></span>ali <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>0,7 <span class=\"_ _2\"></span>mil<span class=\"_ _1\"></span>ioni. I rapporti con societ\u00e0 co<span class=\"_ _1\"></span>nsociate riguardano p<span class=\"_ _2\"></span>rincip<span class=\"_ _2\"></span>alme<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>:<span class=\"_ _1\"></span> <span class=\"ff22 fs7 fc0\">l\u2019accordo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>concessione <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>es<span class=\"_ _3\"></span>sere <span class=\"_ _e\"></span>tra <span class=\"_ _e\"></span>CAIRORC<span class=\"_ _1\"></span>S <span class=\"_ _e\"></span>Medi<span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>S.p.A. <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>Torino <span class=\"_ _e\"></span>FC <span class=\"_ _e\"></span>S.p.A. <span class=\"_ _e\"></span>(<span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _e\"></span>controllata <span class=\"_ _e\"></span>da </span>U.T. <span class=\"_ _2\"></span>Communications)<span class=\"_ _1\"></span>, <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>vendita <span class=\"_ _2\"></span>degli <span class=\"_ _2\"></span>spazi <span class=\"_ _2\"></span>pubbli<span class=\"_ _1\"></span>citari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>bordo <span class=\"_ _2\"></span>campo <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>pacchett<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>sponsorizzazione<span class=\"_ _1\"></span> promo-pubblicitar<span class=\"_ _1\"></span>ia. <span class=\"_ _6\"></span>Per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>tale <span class=\"_ _7\"></span>contratto <span class=\"_ _6\"></span>nell\u2019<span class=\"_ _1\"></span>esercizio <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>state <span class=\"_ _6\"></span>riconosciute <span class=\"_ _11\"></span>al <span class=\"_ _6\"> </span>concedente <span class=\"_ _6\"> </span>quote editore <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>Euro 2,6<span class=\"_ _2\"></span> milioni <span class=\"_ _2\"></span>a fro<span class=\"_ _1\"></span>nte <span class=\"_ _2\"></span>di ricavi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>Euro<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>3,1 <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _2\"></span>al netto <span class=\"_ _2\"></span>degli <span class=\"_ _1\"></span>sconti <span class=\"_ _2\"></span>di a<span class=\"_ _1\"></span>genzia. <span class=\"_ _2\"></span>CAIRORCS Media S.p.A. ha m<span class=\"_ _1\"></span>aturato anche u<span class=\"_ _1\"></span>lteriori provvi<span class=\"_ _1\"></span>gioni attive per Eu<span class=\"_ _1\"></span>ro 0,1 milioni; l\u2019accordo <span class=\"_ _16\"> </span>i<span class=\"_ _3\"></span>n <span class=\"_ _16\"> </span>essere <span class=\"_ _16\"> </span>tra <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>Cairo <span class=\"_ _f\"> </span>Communi<span class=\"_ _1\"></span>cation <span class=\"_ _16\"> </span>S.p.A. <span class=\"_ _16\"> </span>ed <span class=\"_ _f\"> </span>il<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>Torino <span class=\"_ _16\"> </span>F.C. <span class=\"_ _f\"> </span>per <span class=\"_ _16\"> </span>l\u2019erogazione <span class=\"_ _16\"> </span>di <span class=\"_ _f\"> </span>servizi amministrativi <span class=\"_ _1\"></span>quali la tenu<span class=\"_ _1\"></span>ta della contabi<span class=\"_ _1\"></span>lit\u00e0, che pre<span class=\"_ _1\"></span>vede un corrispe<span class=\"_ _1\"></span>ttivo annuale d<span class=\"_ _1\"></span>i Euro 0,1 milioni. I rappo<span class=\"_ _1\"></span>rti con<span class=\"_ _2\"></span> \u201caltre part<span class=\"_ _1\"></span>i co<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>relate\u201d <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>riferiscono<span class=\"_ _1\"></span> princ<span class=\"_ _1\"></span>ipalmente<span class=\"_ _1\"></span> ai <span class=\"_ _1\"></span>rapport<span class=\"_ _1\"></span>i com<span class=\"_ _1\"></span>mer<span class=\"ff1f\">ciali con <span class=\"_ _1\"></span>il G<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>uppo Pi<span class=\"_ _1\"></span>relli </span>e <span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _e\"></span>Gruppo <span class=\"_ _e\"></span>Della <span class=\"_ _11\"></span>Valle, <span class=\"_ _e\"></span>verso <span class=\"_ _11\"></span>i <span class=\"_ _11\"></span>quali <span class=\"_ _e\"></span>le <span class=\"_ _11\"></span>societ\u00e0 <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _11\"></span>hanno <span class=\"_ _e\"></span>realizzato <span class=\"_ _e\"></span>ricavi <span class=\"_ _e\"></span>per <span class=\"_ _11\"></span>complessivi <span class=\"_ _e\"></span>Euro <span class=\"_ _11\"></span>1 milione. I crediti co<span class=\"_ _1\"></span>mmerciali am<span class=\"_ _1\"></span>montano a Eu<span class=\"_ _1\"></span>ro 0,6 milioni. Le <span class=\"_ _11\"></span>operazioni <span class=\"_ _11\"></span>effettuate <span class=\"_ _6\"></span>nel <span class=\"_ _e\"></span>corso <span class=\"_ _6\"></span>dell\u2019anno <span class=\"_ _11\"></span>con <span class=\"_ _6\"></span>p<span class=\"ff1f\">arti <span class=\"_ _11\"></span>correlate, <span class=\"_ _11\"></span>ivi <span class=\"_ _6\"></span>comprese <span class=\"_ _11\"></span>quelle <span class=\"_ _11\"></span>infragruppo, <span class=\"_ _11\"></span>non <span class=\"_ _6\"></span>sono </span>qualificabili <span class=\"_ _6\"></span>n\u00e9 <span class=\"_ _a\"> </span>com<span class=\"_ _1\"></span>e <span class=\"_ _7\"></span>atipiche <span class=\"_ _7\"></span>n\u00e9 <span class=\"_ _7\"></span>come <span class=\"_ _7\"></span>inusuali, <span class=\"_ _7\"></span>rientrando <span class=\"_ _7\"></span>nel <span class=\"_ _7\"></span>normale <span class=\"_ _7\"></span>corso <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>attivit\u00e0 <span class=\"_ _7\"></span>delle <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _7\"></span>del Gruppo. <span class=\"_ _3\"></span>Dette <span class=\"_ _e\"></span>operazio<span class=\"_ _1\"></span>ni <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>regolate <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>condizion<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>mercato, <span class=\"_ _3\"></span>tenuto <span class=\"_ _3\"></span>conto <span class=\"_ _e\"></span>delle <span class=\"_ _3\"></span>caratte<span class=\"_ _3\"></span>ristiche <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>beni <span class=\"_ _3\"></span>e servizi prestati.<span class=\"_ _1\"></span> Nel <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>Cairo <span class=\"_ _7\"></span>Communicat<span class=\"_ _1\"></span>ion <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>le <span class=\"_ _6\"></span>sue <span class=\"_ _6\"></span>controllate <span class=\"_ _6\"></span>diverse <span class=\"_ _6\"></span>da <span class=\"_ _7\"></span>quelle <span class=\"_ _6\"></span>appartenenti <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>hanno riconosciuto agli A<span class=\"_ _1\"></span>mministratori, ai S<span class=\"_ _1\"></span>indaci, ai Diretto<span class=\"_ _1\"></span>ri Generali e ai Di<span class=\"_ _1\"></span>rigenti con responsab<span class=\"_ _1\"></span>ilit\u00e0 strateg<span class=\"_ _1\"></span>iche compensi <span class=\"_ _12\"> </span>per <span class=\"_ _a\"> </span>complessivi <span class=\"_ _a\"> </span>Euro <span class=\"_ _12\"> </span>4,<span class=\"_ _3\"></span>4 <span class=\"_ _12\"> </span>milioni. <span class=\"_ _a\"> </span>Tali <span class=\"_ _12\"> </span>informazioni <span class=\"_ _12\"> </span>sono <span class=\"_ _a\"> </span>analizzate <span class=\"_ _12\"> </span>in <span class=\"_ _12\"> </span>dettagl<span class=\"_ _1\"></span>io <span class=\"_ _12\"> </span>nell\u2019appos<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ta Relazione sulla re<span class=\"_ _1\"></span>munerazione r<span class=\"_ _1\"></span>edatta ai sens<span class=\"_ _1\"></span>i dell\u2019art. 123<span class=\"ff1f\">-ter del TUF. </span>Nel <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>il <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>ha <span class=\"_ _6\"></span>riconosciuto <span class=\"_ _6\"></span>agli <span class=\"_ _6\"></span>Amministratori, <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>Sindaci <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>Dir<span class=\"_ _3\"></span>igenti <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>responsabilit<span class=\"_ _1\"></span>\u00e0 strategiche comp<span class=\"_ _1\"></span>ensi per compless<span class=\"_ _1\"></span>ivi Euro 7,8 milio<span class=\"_ _1\"></span>ni, meglio co<span class=\"_ _1\"></span>mmentati nella s<span class=\"_ _1\"></span>uccessiva Not<span class=\"_ _1\"></span>a 44. Nel <span class=\"_ _2\"></span>corso <span class=\"_ _2\"></span>dell\u2019esercizio <span class=\"_ _2\"></span>non<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>state <span class=\"_ _2\"></span>concluse <span class=\"_ _2\"></span>operazi<span class=\"_ _1\"></span>oni <span class=\"_ _2\"></span><span class=\"ff1f\">con <span class=\"_ _2\"></span>componenti <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Consiglio <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Amministraz<span class=\"_ _1\"></span>ione, </span>direttori <span class=\"_ _a\"> </span>gene<span class=\"_ _1\"></span>rali <span class=\"_ _a\"> </span>e/o <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>irigenti <span class=\"_ _a\"> </span>con <span class=\"_ _7\"></span>responsabilit\u00e0 <span class=\"_ _a\"></span>str<span class=\"_ _1\"></span>ategica, <span class=\"_ _a\"> </span>comp<span class=\"_ _1\"></span>onenti <span class=\"_ _a\"> </span>del <span class=\"_ _a\"></span>C<span class=\"_ _1\"></span>ollegio <span class=\"_ _a\"></span>Sindac<span class=\"_ _1\"></span>ale, <span class=\"_ _a\"> </span>dirigen<span class=\"_ _1\"></span>te preposto, ulterio<span class=\"_ _1\"></span>ri rispetto a<span class=\"_ _1\"></span>i compensi erog<span class=\"_ _1\"></span>ati e quanto<span class=\"_ _1\"></span> gi\u00e0 evidenz<span class=\"_ _1\"></span>iato nella prese<span class=\"_ _1\"></span>nte nota. Si precisa che: <span class=\"ff1f fs7 fc0\">con riferimen<span class=\"_ _1\"></span>to a <span class=\"_ _1\"></span>Cairo <span class=\"_ _2\"></span>Communication <span class=\"_ _1\"></span>e a<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>le su<span class=\"_ _1\"></span>e soc<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _1\"></span>controllate <span class=\"_ _2\"></span>diverse da <span class=\"_ _1\"></span>quelle <span class=\"_ _2\"></span>appartenenti a<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>ruppo </span>RCS, <span class=\"_ _3\"></span>non <span class=\"_ _e\"></span>esistono <span class=\"_ _3\"></span>accordi <span class=\"_ _e\"></span>tra <span class=\"_ _3\"></span>le <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>Gruppo <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>gli <span class=\"_ _3\"></span>amministratori <span class=\"_ _3\"></span>che <span class=\"_ _e\"></span>prevedono <span class=\"_ _3\"></span>indennit\u00e0 <span class=\"_ _3\"></span>in <span class=\"_ _e\"></span>caso <span class=\"_ _3\"></span>di dimissioni <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>licenziamento <span class=\"_ _11\"></span>se<span class=\"_ _3\"></span>nza <span class=\"_ _6\"></span>giusta <span class=\"_ _6\"></span>causa <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>se <span class=\"_ _6\"> </span>il <span class=\"_ _6\"> </span>lor<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>rapporto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>lavoro <span class=\"_ _6\"></span>cessa <span class=\"_ _6\"> </span>a <span class=\"_ _6\"> </span>seguito <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>un\u2019offerta pubblica <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>acquisto; <span class=\"_ _e\"></span>esistono <span class=\"_ _3\"></span>accordi <span class=\"_ _e\"></span>tra <span class=\"_ _3\"></span>Cairo <span class=\"_ _e\"></span>Communicat<span class=\"_ _1\"></span>ion <span class=\"_ _e\"></span>ed <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>dott. <span class=\"_ _e\"></span>Uberto<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>Fornara <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>prevedono, <span class=\"_ _3\"></span>a fronte <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>impegni di <span class=\"_ _2\"></span>non co<span class=\"_ _1\"></span>ncorrenza <span class=\"_ _2\"></span>per 18 <span class=\"_ _2\"></span>mesi su<span class=\"_ _1\"></span>ccessivi <span class=\"_ _2\"></span>alla <span class=\"_ _1\"></span>cessazione de<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span> r<span class=\"_ _1\"></span>apporto <span class=\"_ _2\"></span>di lavor<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>dirigenzia<span class=\"_ _1\"></span>le con la Societ\u00e0, <span class=\"_ _1\"></span>l\u2019erogazione<span class=\"_ _1\"></span> in corso di rappo<span class=\"_ _1\"></span>rto di un corr<span class=\"_ _1\"></span>ispettivo annu<span class=\"_ _1\"></span>ale lordo di Euro <span class=\"_ _1\"></span>100 mila.<span class=\"ff1f\"> </span>con r<span class=\"_ _3\"></span>iferimento a RCS, per quanto concerne i <span class=\"_ _3\"></span>trattamenti previsti in caso di cessazione e<span class=\"_ _e\"></span> <span class=\"_ _15\"> </span>di scioglimento de<span class=\"ls16\">l </span>rapporto <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>lavoro <span class=\"_ _3\"></span>si <span class=\"_ _e\"></span>rimanda a <span class=\"_ _e\"></span>quanto <span class=\"_ _3\"></span>descritto <span class=\"_ _e\"></span>nella <span class=\"_ _3\"></span>Relazione <span class=\"_ _3\"></span>sulla <span class=\"_ _e\"></span>Remunera<span class=\"_ _1\"></span>zione <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>RCS <span class=\"_ _3\"></span>pubblicata <span class=\"_ _3\"></span>sul sito internet Si <span class=\"_\"> </span>pr<span class=\"_ _1\"></span>ecisa <span class=\"_ _12\"> </span>inoltre <span class=\"_ _12\"> </span>che <span class=\"_\"> </span>no<span class=\"_ _1\"></span>n <span class=\"_ _12\"> </span>esistono <span class=\"_ _12\"> </span>piani <span class=\"_ _12\"> </span>per <span class=\"_\"> </span>la <span class=\"_\"> </span>su<span class=\"_ _1\"></span>ccessione<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>degli <span class=\"_\"> </span>am<span class=\"_ _1\"></span>ministrat<span class=\"_ _1\"></span>ori <span class=\"_ _12\"> </span>esecutivi <span class=\"_ _12\"> </span>e <span class=\"_\"> </span>che <span class=\"_ _12\"> </span>Cairo Communication <span class=\"_ _1\"></span>non ha al momen<span class=\"_ _1\"></span>to in essere pi<span class=\"_ _1\"></span>ani di stock option. RAPPORTI <span class=\"_ _2\"></span>C<span class=\"_ _3\"></span>ON <span class=\"_ _2\"></span>PART<span class=\"_ _3\"></span>I <span class=\"_ _2\"></span>CORREL<span class=\"_ _2\"></span>ATE Allegato 2<span class=\"_ _2\"></span> Nelle seguenti tabelle <span class=\"_ _2\"></span>si riporta <span class=\"ls3d\">il</span> <span class=\"_ _1\"></span>dettaglio dei <span class=\"_ _1\"></span>rapporti con <span class=\"_ _1\"></span>parti <span class=\"_ _1\"></span>correlate del Gruppo <span class=\"_ _1\"></span>Cairo Co<span class=\"_ _1\"></span>mmun<span class=\"_ _1\"></span>ica<span class=\"_ _2\"></span>tion:Socie<span class=\"_ _e\"></span>t\u00e0 co<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>olla<span class=\"_ _2\"></span>ntiCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>i cre<span class=\"_ _e\"></span>d<span class=\"_ _2\"></span>iti e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>)co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olid<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ie<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>eco<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntiU.T. Com<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>cati<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S<span class=\"_ _1\"></span>.p<span class=\"_ _1\"></span>.A.<span class=\"_ _29a\"> </span>-<span class=\"_ _11f\"> </span>-<span class=\"_ _170\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _8e\"> </span>-Total<span class=\"_ _1\"></span>e<span class=\"_ _27e\"> </span>-<span class=\"_ _11f\"> </span>-<span class=\"_ _189\"> </span>0,4<span class=\"_ _1f4\"> </span>-Socie<span class=\"_ _e\"></span>t\u00e0 co<span class=\"_ _3\"></span>lle<span class=\"_ _e\"></span>g<span class=\"_ _3\"></span>ateCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> Altr<span class=\"_ _2\"></span>i c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti e<span class=\"_ _e\"></span> attivit\u00e0<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ivit\u00e0<span class=\"_ _1\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> m<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>rcia<span class=\"_ _2\"></span>lico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olida<span class=\"_ _2\"></span>tof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>ca<span class=\"_ _1\"></span>leco<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiG<span class=\"_ _2\"></span>D Medi<span class=\"_ _0\"></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=\"_ _2\"></span>.<span class=\"_ _ae\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _49\"> </span>-<span class=\"_ _b7\"> </span>-<span class=\"_ _8e\"> </span>-Tren<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> P<span class=\"_ _e\"></span>ress<span class=\"_ _3\"></span> Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ce <span class=\"_ _3\"></span>S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _262\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _b7\"> </span>-<span class=\"_ _8e\"> </span>-Li<span class=\"_ _0\"></span>gu<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ress<span class=\"_ _3\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _112\"> </span>1,<span class=\"_ _2\"></span>2<span class=\"_ _1e8\"> </span>-<span class=\"_ _b7\"> </span>-<span class=\"_ _8e\"> </span>-In<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ati<span class=\"_ _0\"></span>va Im<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re <span class=\"_ _3\"></span>Due S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _e2\"> </span>-<span class=\"_ _49\"> </span>-<span class=\"_ _b7\"> </span>-<span class=\"_ _8e\"> </span>-Totale<span class=\"_ _47\"> </span>1,<span class=\"_ _3\"></span>4<span class=\"_ _11f\"> </span>-<span class=\"_ _b7\"> </span>-<span class=\"_ _8e\"> </span>-Socie<span class=\"_ _11\"></span>t\u00e0<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lle<span class=\"_ _e\"></span>g<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> De<span class=\"_ _e\"></span>biti Altr<span class=\"_ _2\"></span>i de<span class=\"_ _e\"></span>biti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _11\"></span> De<span class=\"_ _e\"></span>biti Altr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> pa<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> (v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _2\"></span>ro)co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>lipa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>tico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _2\"></span>atof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>cal<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiG<span class=\"_ _2\"></span>D <span class=\"_ _3\"></span>Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></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=\"_ _2\"></span>.<span class=\"_ _222\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _dc\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1be\"> </span>-Li<span class=\"_ _0\"></span>gu<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>res<span class=\"_ _3\"></span>s S.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _240\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _dc\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _1c5\"> </span>-Co<span class=\"_ _2\"></span>nso<span class=\"_ _1\"></span>rz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>C.S.E.D.<span class=\"_ _3\"></span>I.<span class=\"_ _29b\"> </span>-<span class=\"_ _dc\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt Im<span class=\"_ _2\"></span>presi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S.L. (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Be<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>t)<span class=\"_ _1f4\"> </span>3<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _29c\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Dos herm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nas S.L.U.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Sagu<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.L.U. <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _29d\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)Cal<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t S.l<span class=\"_ _2\"></span>. (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)<span class=\"_ _23c\"> </span>-<span class=\"_ _56\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _1c5\"> </span>-Om<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>nt S<span class=\"_ _1\"></span>.A.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)<span class=\"_ _96\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _dc\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt Catal<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.A.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)<span class=\"_ _17e\"> </span>1,<span class=\"_ _2\"></span>1<span class=\"_ _1e4\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-TF<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.a.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>ru<span class=\"_ _2\"></span>pp<span class=\"_ _2\"></span>o Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)<span class=\"_ _239\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _29c\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t R\u00e0<span class=\"_ _3\"></span>bad<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>S.L.U. <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o Berm<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t)<span class=\"_ _b0\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _29c\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Radi<span class=\"_ _0\"></span>o Sal<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span> S.A.<span class=\"_ _29e\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _29c\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Escuel<span class=\"_ _2\"></span>a de c<span class=\"_ _3\"></span>oci<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> Tel<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>S.L.<span class=\"_ _29f\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _29c\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-</span>To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _47\"> </span>10<span class=\"_ _3\"></span>,1<span class=\"_ _2a0\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1c5\"> </span>-Socie<span class=\"_ _e\"></span>t\u00e0 s<span class=\"_ _e\"></span>otto<span class=\"_ _3\"></span>pos<span class=\"_ _e\"></span>te<span class=\"_ _11\"></span> al co<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>ollo <span class=\"_ _3\"></span>de<span class=\"_ _e\"></span>ll<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>i cre<span class=\"_ _e\"></span>d<span class=\"_ _2\"></span>iti e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span> co<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>lll<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>tico<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>cia<span class=\"_ _2\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olid<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _2\"></span>ro<span class=\"_ _1\"></span>)f<span class=\"_ _2\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntiTo<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>o F<span class=\"_ _1\"></span>C S.p<span class=\"_ _2\"></span>.A<span class=\"_ _3\"></span>.<span class=\"_ _2a1\"> </span>0<span class=\"_ _2\"></span>,8<span class=\"_ _29\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1be\"> </span>-Total<span class=\"_ _1\"></span>e<span class=\"_ _280\"> </span>0,<span class=\"_ _3\"></span>8<span class=\"_ _dc\"> </span>-<span class=\"_ _b6\"> </span>-<span class=\"_ _1be\"> </span>-S<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>cie<span class=\"_ _e\"></span>t\u00e0 s<span class=\"_ _e\"></span>otto<span class=\"_ _3\"></span>pos<span class=\"_ _11\"></span>te<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>l c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>o De<span class=\"_ _e\"></span>biti<span class=\"_ _2\"></span> Altr<span class=\"_ _2\"></span>i de<span class=\"_ _e\"></span>b<span class=\"_ _2\"></span>iti e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> De<span class=\"_ _e\"></span>biti<span class=\"_ _2\"></span> Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0<span class=\"_ _1\"></span> d<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>lle<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>olla<span class=\"_ _2\"></span>ntico<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>cia<span class=\"_ _2\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olid<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro)f<span class=\"_ _2\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntiTo<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>o F<span class=\"_ _1\"></span>C S<span class=\"_ _1\"></span>.p.A.<span class=\"_ _2a2\"> </span>1<span class=\"_ _2\"></span>,7<span class=\"_ _126\"> </span>-<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Total<span class=\"_ _1\"></span>e<span class=\"_ _280\"> </span>1,<span class=\"_ _3\"></span>7<span class=\"_ _a0\"> </span>-<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ti c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>la<span class=\"_ _2\"></span>teCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>i cr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>diti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _2\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro)co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>cia<span class=\"_ _2\"></span>lico<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntico<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olid<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tof<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>eco<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ntiS<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>et\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span> g<span class=\"_ _1\"></span>ru<span class=\"_ _2\"></span>pp<span class=\"_ _2\"></span>o Del<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Val<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _26d\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _2d\"> </span>-<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Total<span class=\"_ _1\"></span>e<span class=\"_ _280\"> </span>0,<span class=\"_ _3\"></span>6<span class=\"_ _a0\"> </span>-<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Soc<span class=\"_ _3\"></span>ie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lle<span class=\"_ _e\"></span>g<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>teRicavi o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tiv<span class=\"_ _3\"></span>i<span class=\"_ _23a\"> </span>Co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti <span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>ati<span class=\"_ _1\"></span>viPr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>nti<span class=\"_ _1\"></span> One<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>i f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>ri(v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> m<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> Euro<span class=\"_ _2\"></span>)f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>riG<span class=\"_ _2\"></span>D <span class=\"_ _3\"></span>Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></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=\"_ _2\"></span>.<span class=\"_ _2a3\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _1be\"> </span>(0<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _1a6\"> </span>-Escuel<span class=\"_ _2\"></span>a de c<span class=\"_ _3\"></span>oci<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> Tel<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>S.L.<span class=\"_ _2a4\"> </span><span class=\"fc1\">-<span class=\"_ _1be\"> </span>(0,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-</span>Li<span class=\"_ _0\"></span>gu<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ress<span class=\"_ _3\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _240\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _17e\"> </span>(0,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _af\"> </span>-<span class=\"_ _24\"> </span>-Co<span class=\"_ _2\"></span>nso<span class=\"_ _1\"></span>rz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>C.S.E.D.<span class=\"_ _3\"></span>I.<span class=\"_ _29b\"> </span>-<span class=\"_ _1be\"> </span>(0,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _af\"> </span>-<span class=\"_ _24\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt Im<span class=\"_ _2\"></span>presi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S<span class=\"_ _1\"></span>.L. <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o -<span class=\"_ _1be\"> </span>(5,<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Dos herm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>as<span class=\"_ _3\"></span> S.L.U.<span class=\"_ _3\"></span> -<span class=\"_ _1be\"> </span>(2,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-(G<span class=\"_ _2\"></span>ru<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Bermo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t)Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Sagu<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.L.U. <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> -<span class=\"_ _1be\"> </span>(1,<span class=\"_ _2\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)Cal<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t S.l<span class=\"_ _2\"></span>. (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>t)<span class=\"_ _23c\"> </span>-<span class=\"_ _a0\"> </span>-<span class=\"_ _af\"> </span>-<span class=\"_ _24\"> </span>-Om<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>nt S<span class=\"_ _1\"></span>.A.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> Be<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)<span class=\"_ _237\"> </span>-<span class=\"_ _1be\"> </span>(0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _1a6\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt Catal<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.A.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> -<span class=\"_ _1be\"> </span>(1,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)TF<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.a.<span class=\"_ _3\"></span> (G<span class=\"_ _1\"></span>ru<span class=\"_ _2\"></span>pp<span class=\"_ _2\"></span>o Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)<span class=\"_ _2a5\"> </span>-<span class=\"_ _1be\"> </span>(1,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t R\u00e0<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>ade S.L.U.<span class=\"_ _3\"></span> (G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> -<span class=\"_ _1be\"> </span>(1,<span class=\"_ _2\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Berm<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>nt)Radi<span class=\"_ _0\"></span>o Sal<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span> S.A.<span class=\"_ _29e\"> </span>0<span class=\"_ _2\"></span>,1<span class=\"_ _1f4\"> </span>(0,<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _1a6\"> </span>-In<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ati<span class=\"_ _0\"></span>va Imm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>are <span class=\"_ _3\"></span>Due S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _89\"> </span>-<span class=\"_ _1b9\"> </span>-<span class=\"_ _24\"> </span>-To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _11c\"> </span>0,5<span class=\"_ _17b\"> </span>(15<span class=\"_ _e\"></span>,2<span class=\"_ _3\"></span>)<span class=\"_ _af\"> </span><span class=\"ff29\">-<span class=\"_ _24\"> </span></span>-S<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>cie<span class=\"_ _e\"></span>t\u00e0 s<span class=\"_ _e\"></span>otto<span class=\"_ _3\"></span>pos<span class=\"_ _11\"></span>te<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _2\"></span>l c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>o Rica<span class=\"_ _1\"></span>vi o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tiv<span class=\"_ _3\"></span>i<span class=\"_ _160\"> </span>Co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>tiv<span class=\"_ _3\"></span>iPr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span> One<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>i f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>rid<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>lle<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ntr<span class=\"_ _2\"></span>olla<span class=\"_ _2\"></span>ntif<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>i(v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro)To<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>o F<span class=\"_ _1\"></span>C S<span class=\"_ _1\"></span>.p.A.<span class=\"_ _2a2\"> </span>0<span class=\"_ _2\"></span>,2<span class=\"_ _1f4\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>8)<span class=\"_ _117\"> </span>-<span class=\"_ _24\"> </span>-Total<span class=\"_ _1\"></span>e<span class=\"_ _280\"> </span>0,<span class=\"_ _3\"></span>2<span class=\"_ _243\"> </span>(1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _b8\"> </span>-<span class=\"_ _24\"> </span>-Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ti co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>la<span class=\"_ _2\"></span>teRicavi o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>ati<span class=\"_ _1\"></span>vi<span class=\"_ _160\"> </span>Co<span class=\"_ _3\"></span>s<span class=\"_ _11\"></span>ti o<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>ati<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iPr<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>nti One<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>i f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>i(v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>)f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>iSo<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a Va<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _26d\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _126\"> </span>-<span class=\"_ _b3\"> </span>-<span class=\"_ _1f\"> </span>-So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span> g<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>po<span class=\"_ _2\"></span> P<span class=\"_ _e\"></span>i<span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _221\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _eb\"> </span>-<span class=\"_ _117\"> </span>-<span class=\"_ _1f\"> </span>-Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o In<span class=\"_ _2\"></span>te<span class=\"_ _3\"></span>g<span class=\"_ _1\"></span>rati<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>o P<span class=\"_ _3\"></span>revi<span class=\"_ _0\"></span>den<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> -<span class=\"_ _1f4\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _117\"> </span>-<span class=\"_ _1f\"> </span>-(FIPDIR)Totale<span class=\"_ _153\"> </span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _e7\"> </span>(0<span class=\"_ _3\"></span>,3<span class=\"_ _e\"></span>)<span class=\"_ _b3\"> </span>-<span class=\"_ _1f\"> </span>-Conto <span class=\"_ _1\"></span>economico<span class=\"_ _3\"></span> consolidato <span class=\"_ _2\"></span><span class=\"lsa\">ai<span class=\"ls0\"> sensi <span class=\"_ _2\"></span>della<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>Delibera Conso<span class=\"_ _3\"></span>b n. 15519 </span></span>del 27 luglio 200<span class=\"_ _3\"></span>6 Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Euro<span class=\"_ _167\"> </span><span class=\"ff2b ls7f\">2022</span>di<span class=\"_ _1\"></span> cui pa<span class=\"_ _2\"></span>rti % di 2021di<span class=\"_ _1\"></span> cui pa<span class=\"_ _2\"></span>rti % di co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _1\"></span>cide<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>aco<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _1\"></span>cide<span class=\"_ _3\"></span>nz<span class=\"_ _1\"></span>aRi<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>netti<span class=\"_ _21d\"> </span>1<span class=\"_ _1\"></span>.06<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>0<span class=\"_ _78\"> </span>1,<span class=\"_ _2\"></span>7<span class=\"_ _261\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2%<span class=\"_ _52\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _2a6\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _261\"> </span>0,<span class=\"_ _2\"></span>4%</span>Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> ri<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>vi<span class=\"_ _2\"></span> e pro<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>enti<span class=\"_ _8b\"> </span>50<span class=\"_ _2\"></span>,4<span class=\"_ _168\"> </span>-<span class=\"_ _205\"> </span> <span class=\"_ _e9\"> </span>3<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2a7\"> </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> r<span class=\"_ _3\"></span>ico<span class=\"_ _3\"></span>rre<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _65\"> </span>1,3<span class=\"_ _5c\"> </span><span class=\"ff29\">-</span>Vari<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e del<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>man<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> pro<span class=\"_ _2\"></span>do<span class=\"_ _1\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _13d\"> </span>2,<span class=\"_ _2\"></span>4<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _20b\"> </span>0,<span class=\"_ _2\"></span>4<span class=\"_ _f0\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>Co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>sum<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>teri<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> pri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>sussi<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> di<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _22f\"> </span>(1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _2f\"> </span>(90<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2a8\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>Co<span class=\"_ _1\"></span>sti<span class=\"_ _2\"></span> per se<span class=\"_ _3\"></span>rvi<span class=\"_ _0\"></span>zi<span class=\"_ _178\"> </span>(4<span class=\"_ _2\"></span>79<span class=\"_ _2\"></span>,5<span class=\"_ _2\"></span>)<span class=\"_ _2f\"> </span>(17<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _261\"> </span>3,<span class=\"_ _2\"></span>6%<span class=\"_ _7f\"> </span>(46<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>1)<span class=\"_ _71\"> </span>(18<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _261\"> </span>4,<span class=\"_ _2\"></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> r<span class=\"_ _3\"></span>ico<span class=\"_ _3\"></span>rre<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _25a\"> </span>(1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _183\"> </span>(0,2<span class=\"_ _3\"></span>)Co<span class=\"_ _1\"></span>sti<span class=\"_ _2\"></span> per go<span class=\"_ _2\"></span>di<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ben<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _2\"></span> terz<span class=\"_ _2\"></span>i<span class=\"_ _2a9\"> </span>(2<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _2f\"> </span>(31<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>)<span class=\"_ _2a8\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>Co<span class=\"_ _1\"></span>sti<span class=\"_ _2\"></span> del<span class=\"_ _2\"></span> person<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _22c\"> </span>(31<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>4)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _7f\"> </span>(32<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>2)<span class=\"_ _ea\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </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> r<span class=\"_ _3\"></span>ico<span class=\"_ _3\"></span>rre<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _2aa\"> </span>(1,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _2ab\"> </span>(3,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ortam<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span>, ac<span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>amen<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>val<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _98\"> </span>(7<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>8)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _2f\"> </span>(76<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _2a8\"> </span><span class=\"fc0\">-<span class=\"_ _234\"> </span>-</span>- di<span class=\"_ _2\"></span> cui<span class=\"_ _2\"></span> n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> ri<span class=\"_ _2\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _b5\"> </span>-<span class=\"_ _2ac\"> </span>-Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> costi<span class=\"_ _2\"></span> op<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rati<span class=\"_ _2\"></span>vi<span class=\"_ _28b\"> </span>(25<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _2f\"> </span>(16<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>)<span class=\"_ _2a8\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>Ris<span class=\"_ _e\"></span>u<span class=\"_ _1\"></span>lta<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ope<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>tivo<span class=\"_ _171\"> </span>69<span class=\"_ _3\"></span>,3<span class=\"_ _260\"> </span>10<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,1Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> pro<span class=\"_ _2\"></span>vent<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> (on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>) da a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0/passi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t\u00e0 fi<span class=\"_ _2\"></span>nan<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e (4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1)-<span class=\"_ _115\"> </span>-<span class=\"_ _ee\"> </span>4<span class=\"_ _2\"></span>,6<span class=\"_ _6e\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>(*<span class=\"_ _1\"></span>*<span class=\"_ _1\"></span>)- di<span class=\"_ _2\"></span> cui<span class=\"_ _2\"></span> n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> ri<span class=\"_ _2\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _b5\"> </span>-<span class=\"_ _21f\"> </span>2,<span class=\"_ _2\"></span>4P<span class=\"_ _3\"></span>rov<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span> (on<span class=\"_ _2\"></span>eri<span class=\"_ _2\"></span>) <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>nan<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> netti<span class=\"_ _2ad\"> </span>(8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _2f\"> </span>(11<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _2a6\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _1d\"> </span>-1,<span class=\"_ _2\"></span>8%- di<span class=\"_ _2\"></span> cui<span class=\"_ _2\"></span> n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> ri<span class=\"_ _2\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _b5\"> </span>-<span class=\"_ _1b9\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4Ris<span class=\"_ _e\"></span>u<span class=\"_ _1\"></span>lta<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pr<span class=\"_ _2\"></span>im<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span> de<span class=\"_ _e\"></span>lle<span class=\"_ _3\"></span> imp<span class=\"_ _1\"></span>os<span class=\"_ _e\"></span>te<span class=\"_ _181\"> </span>56<span class=\"_ _3\"></span>,4<span class=\"_ _2ae\"> </span>96<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7Im<span class=\"_ _2\"></span>po<span class=\"_ _1\"></span>ste del<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>\u2019e<span class=\"_ _3\"></span>serc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>o<span class=\"_ _ae\"> </span>(4,<span class=\"_ _2\"></span>7)<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _e0\"> </span>(16<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8)<span class=\"_ _2a6\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>- di<span class=\"_ _2\"></span> cui<span class=\"_ _2\"></span> n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> ri<span class=\"_ _2\"></span>corrent<span class=\"_ _1\"></span>iRis<span class=\"_ _e\"></span>u<span class=\"_ _1\"></span>lta<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _3\"></span>tto<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>lle<span class=\"_ _e\"></span> attivit\u00e0<span class=\"_ _1\"></span> in co<span class=\"_ _3\"></span>nti<span class=\"_ _1\"></span>nu<span class=\"_ _2\"></span>it\u00e0<span class=\"_ _df\"> </span>51<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _1bb\"> </span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,9Ri<span class=\"_ _2\"></span>sul<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>ato n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>tto<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t\u00e0 c<span class=\"_ _3\"></span>ess<span class=\"_ _3\"></span>ate<span class=\"_ _e1\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _115\"> </span>-<span class=\"_ _168\"> </span>-<span class=\"_ _2a8\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span>-</span>Ris<span class=\"_ _e\"></span>u<span class=\"_ _1\"></span>lta<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _3\"></span>tto<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _3\"></span>ll\u2019e<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _1\"></span>io<span class=\"_ _21c\"> </span><span class=\"ff2b\">51<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _1bb\"> </span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,9</span>(*)  <span class=\"_ _1\"></span>  <span class=\"_ _1\"></span>L<span class=\"_ _2\"></span>e o<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>eraz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>co<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> pa<span class=\"_ _3\"></span>rti<span class=\"_ _1\"></span> correl<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>e 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=\"_ _2\"></span>m<span class=\"_ _2\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> al<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>es<span class=\"_ _e\"></span>s<span class=\"_ _3\"></span>iva<span class=\"_ _3\"></span> no<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a 40<span class=\"_ _2\"></span> de<span class=\"_ _3\"></span>ll<span class=\"_ _2\"></span>e Not<span class=\"_ _3\"></span>e es<span class=\"_ _e\"></span>pli<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>ve<span class=\"_ _3\"></span>.Stato <span class=\"_ _2\"></span>Patri<span class=\"_ _3\"></span>moniale<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>conso<span class=\"_ _3\"></span>lidato <span class=\"lsa\">ai<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>se<span class=\"_ _3\"></span>nsi <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>Delibera Conso<span class=\"_ _3\"></span>b n. 15519 </span></span>del 27 luglio 200<span class=\"_ _3\"></span>6 Attivit\u00e031<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _e\"></span>m<span class=\"_ _1\"></span>br<span class=\"_ _2\"></span>edi<span class=\"_ _1\"></span> cui pa<span class=\"_ _2\"></span>rti % di 31<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _e\"></span>m<span class=\"_ _1\"></span>br<span class=\"_ _2\"></span>edi<span class=\"_ _1\"></span> cui pa<span class=\"_ _2\"></span>rti % di Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Eu<span class=\"_ _1\"></span>ro2022co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _1\"></span>cide<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a2021co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _1\"></span>cide<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>aIm<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>bi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>nv<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span> i<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>anti<span class=\"_ _2\"></span> e macc<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>ari<span class=\"_ _169\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2af\"> </span>5<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>tti<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>\u2019u<span class=\"_ _1\"></span>so su<span class=\"_ _1\"></span> ben<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n l<span class=\"_ _2\"></span>eas<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>ng<span class=\"_ _1b8\"> </span><span class=\"ff29\">1<span class=\"_ _2\"></span>46<span class=\"_ _2\"></span>,4<span class=\"_ _27c\"> </span>1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5</span>Atti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span> i<span class=\"_ _2\"></span>mm<span class=\"_ _2\"></span>ateri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2ac\"> </span>99<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>2<span class=\"_ _2b0\"> </span>9<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1P<span class=\"_ _3\"></span>artec<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>paz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _252\"> </span>3<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>3<span class=\"_ _2af\"> </span>32<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2Credi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>no<span class=\"_ _2\"></span>n corrent<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>atti<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> fi<span class=\"_ _2\"></span>nanz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> per 1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2b1\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3stru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> deri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>atiAl<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t\u00e0 no<span class=\"_ _2\"></span>n corrent<span class=\"_ _1\"></span>i<span class=\"_ _2ae\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2b1\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7Atti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span> per i<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>oste anti<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>pate<span class=\"_ _221\"> </span>8<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2af\"> </span>8<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 non co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _25a\"> </span>13<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0,<span class=\"_ _3\"></span>3<span class=\"_ _25d\"> </span>1.<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,6Ri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nen<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>e<span class=\"_ _2b2\"> </span>3<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _2af\"> </span>19<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6Credi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>erci<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _10d\"> </span>26<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>3<span class=\"_ _81\"> </span>0<span class=\"_ _2\"></span>,6<span class=\"_ _22b\"> </span>0,<span class=\"_ _2\"></span>2%<span class=\"_ _68\"> </span>28<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _7f\"> </span>0,<span class=\"_ _2\"></span>6<span class=\"_ _22b\"> </span>0,<span class=\"_ _2\"></span>2%Credi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rso con<span class=\"_ _2\"></span>trol<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ant<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>col<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>egate e <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _13d\"> </span>2,<span class=\"_ _2\"></span>6<span class=\"_ _81\"> </span>2,<span class=\"_ _2\"></span>6<span class=\"_ _118\"> </span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0%<span class=\"_ _e0\"> </span>2,<span class=\"_ _2\"></span>9<span class=\"_ _7f\"> </span>2<span class=\"_ _2\"></span>,9<span class=\"_ _1b\"> </span>98<span class=\"_ _2\"></span>,8<span class=\"_ _2\"></span>%Credi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>versi<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ed al<span class=\"_ _2\"></span>tre <span class=\"_ _3\"></span>atti<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _270\"> </span>86<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2af\"> </span>6<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>3Al<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t\u00e0 fi<span class=\"_ _2\"></span>nan<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrenti<span class=\"_ _2b3\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _2b1\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>qu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>de e<span class=\"_ _3\"></span> mez<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span> equ<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>enti<span class=\"_ _2b4\"> </span>5<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2b0\"> </span>11<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>0Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _163\"> </span>4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _2a3\"> </span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,9Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _11b\"> </span>1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _25d\"> </span>1.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>20<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5Pa<span class=\"_ _2\"></span>trim<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>nio ne<span class=\"_ _e\"></span>tto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span> Pas<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ivit\u00e0<span class=\"_ _96\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _e\"></span>m<span class=\"_ _2\"></span>br<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span> cui pa<span class=\"_ _2\"></span>rti % di 31<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>dice<span class=\"_ _e\"></span>m<span class=\"_ _1\"></span>br<span class=\"_ _2\"></span>edi<span class=\"_ _1\"></span> cui pa<span class=\"_ _2\"></span>rti % di 2022co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _1\"></span>cide<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a2021co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>la<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span> (*<span class=\"_ _3\"></span>)in<span class=\"_ _1\"></span>cide<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>aCapi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e s<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _27a\"> </span>7<span class=\"_ _2\"></span>,0<span class=\"_ _260\"> </span>7,<span class=\"_ _2\"></span>0Ri<span class=\"_ _2\"></span>serva s<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>rapp<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>zz<span class=\"_ _2\"></span>o az<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _171\"> </span>2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _2b0\"> </span>22<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>2Uti<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> (P<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>rd<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>te) di<span class=\"_ _2\"></span> ese<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>prece<span class=\"_ _3\"></span>den<span class=\"_ _2\"></span>ti<span class=\"_ _8a\"> </span>26<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>7<span class=\"_ _2b0\"> </span>23<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>2Uti<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e del<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>\u2019e<span class=\"_ _3\"></span>serc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>o<span class=\"_ _2b5\"> </span><span class=\"ff29\">3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2af\"> </span>51<span class=\"_ _2\"></span>,0</span>P<span class=\"_ _3\"></span>atri<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span> di<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rti<span class=\"_ _2\"></span>nen<span class=\"_ _2\"></span>za del<span class=\"_ _2\"></span> G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _26a\"> </span>52<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _2b0\"> </span>51<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>4Capi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e e<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>erve di<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>erti<span class=\"_ _2\"></span>nen<span class=\"_ _2\"></span>za di<span class=\"_ _2\"></span> terz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>sti<span class=\"_ _56\"> </span>3<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _2b0\"> </span>33<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>3Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>trim<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>nio ne<span class=\"_ _e\"></span>tto<span class=\"_ _28b\"> </span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>6,<span class=\"_ _3\"></span>8<span class=\"_ _222\"> </span>84<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,7Debi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> e passi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t\u00e0 no<span class=\"_ _2\"></span>n correnti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>nan<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _181\"> </span>4<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,0<span class=\"_ _2af\"> </span>3<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>6P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 no<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> correnti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per con<span class=\"_ _1\"></span>tratti<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>ocazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _126\"> </span>13<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>6<span class=\"_ _2b0\"> </span>15<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>9Trattam<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> di<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e ra<span class=\"_ _3\"></span>pp<span class=\"_ _2\"></span>orto<span class=\"_ _28b\"> </span>4<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>3<span class=\"_ _2af\"> </span>49<span class=\"_ _2\"></span>,8Fo<span class=\"_ _2\"></span>nd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ed on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n corrent<span class=\"_ _1\"></span>i<span class=\"_ _276\"> </span>27<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2af\"> </span>31<span class=\"_ _2\"></span>,2P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 per i<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>oste di<span class=\"_ _2\"></span>fferi<span class=\"_ _2\"></span>te<span class=\"_ _2b3\"> </span>16<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>4<span class=\"_ _2b0\"> </span>16<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>1Al<span class=\"_ _2\"></span>tre passi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t\u00e0 no<span class=\"_ _2\"></span>n correnti<span class=\"_ _2b6\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _2b1\"> </span>1,<span class=\"_ _2\"></span>2Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0 non co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _2b7\"> </span>40<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _222\"> </span>43<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,8Debi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> e passi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t\u00e0 c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _e2\"> </span>31<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _ee\"> </span> <span class=\"_ _8f\"> </span> <span class=\"_ _6f\"> </span>36<span class=\"_ _2\"></span>,8<span class=\"_ _205\"> </span>0,<span class=\"_ _2\"></span>8<span class=\"_ _261\"> </span>2,<span class=\"_ _2\"></span>2%P<span class=\"_ _3\"></span>as<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span> per con<span class=\"_ _2\"></span>tra<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>ocazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _2c\"> </span>28<span class=\"_ _2\"></span>,8<span class=\"_ _2af\"> </span>2<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>9Debi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> v<span class=\"_ _1\"></span>erso forn<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _21d\"> </span>3<span class=\"_ _2\"></span>07<span class=\"_ _2\"></span>,1<span class=\"_ _27c\"> </span>29<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>8Debi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> v<span class=\"_ _1\"></span>erso con<span class=\"_ _2\"></span>trol<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ant<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>col<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>egate e <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _90\"> </span>11<span class=\"_ _2\"></span>,8<span class=\"_ _159\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _217\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0%<span class=\"_ _e0\"> </span>7,<span class=\"_ _2\"></span>5<span class=\"_ _7f\"> </span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _217\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0%Debi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> tri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>utari<span class=\"_ _157\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _2af\"> </span>20<span class=\"_ _2\"></span>,2Quo<span class=\"_ _2\"></span>ta <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>brev<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> te<span class=\"_ _3\"></span>rm<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e fon<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ri<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>h<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ed on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2a7\"> </span>32<span class=\"_ _2\"></span>,0<span class=\"_ _2af\"> </span>3<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>7Debi<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ersi<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>tre <span class=\"_ _3\"></span>passi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _e1\"> </span>1<span class=\"_ _2\"></span>03<span class=\"_ _2\"></span>,4<span class=\"_ _27c\"> </span>11<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>1Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0 co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _1bf\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,6<span class=\"_ _222\"> </span>5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,0Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0<span class=\"_ _29e\"> </span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,3<span class=\"_ _222\"> </span>97<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,8Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>trim<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>nio ne<span class=\"_ _e\"></span>tto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span> pas<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ivit\u00e0<span class=\"_ _2b8\"> </span>1.<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>5,<span class=\"_ _3\"></span>1<span class=\"_ _25d\"> </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>  <span class=\"_ _1\"></span>L<span class=\"_ _2\"></span>e o<span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>eraz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>co<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> pa<span class=\"_ _3\"></span>rti<span class=\"_ _1\"></span> correl<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>e 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=\"_ _2\"></span>m<span class=\"_ _2\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> al<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> s<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>cc<span class=\"_ _3\"></span>es<span class=\"_ _e\"></span>s<span class=\"_ _3\"></span>iva<span class=\"_ _3\"></span> no<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a 40<span class=\"_ _2\"></span> de<span class=\"_ _3\"></span>ll<span class=\"_ _2\"></span>e Not<span class=\"_ _3\"></span>e es<span class=\"_ _e\"></span>pli<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>ve<span class=\"_ _3\"></span>.",
   "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=\"_ _2\"></span>assa <span class=\"_ _1\"></span>ed <span class=\"_ _2\"></span>altre<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span>spon<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>lit<span class=\"_ _2\"></span>\u00e0 liq<span class=\"_ _1\"></span>uid<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>eq<span class=\"_ _1\"></span>uiv<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i La voce pu\u00f2 essere d<span class=\"_ _1\"></span>ettagliata com<span class=\"_ _1\"></span>e seg<span class=\"_ _1\"></span>ue<span class=\"_ _2\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne31<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=\"_ _81\"> </span>3<span class=\"_ _3\"></span>1<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=\"_ _2\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>neDepo<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>ancari5<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>9<span class=\"_ _8e\"> </span>11<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>7<span class=\"_ _1fd\"> </span>(5<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>)Denaro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>ssa0<span class=\"_ _2\"></span>,4<span class=\"_ _1da\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _36\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1Total<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>d a<span class=\"_ _1\"></span>ltr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> dis<span class=\"_ _3\"></span>ponib<span class=\"_ _2\"></span>ili<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>liq<span class=\"_ _2\"></span>ui<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> e<span class=\"_ _11\"></span>qu<span class=\"_ _2\"></span>ival<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nti54<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _df\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,0<span class=\"_ _b8\"> </span>(58<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>)La posizione fin<span class=\"_ _1\"></span>anziaria netta co<span class=\"_ _1\"></span>nsolidata al <span class=\"_ _1\"></span>31 dicembre 2022, confro<span class=\"_ _1\"></span>ntata con i v<span class=\"_ _1\"></span>alori di bilanci<span class=\"_ _1\"></span>o consolidato al <span class=\"_ _1\"></span>31 dicembre <span class=\"_ _1\"></span>2021, \u00e8 riepilogata nel<span class=\"_ _1\"></span>la seguente t<span class=\"_ _1\"></span>abella: Pos<span class=\"_ _e\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a ne<span class=\"_ _e\"></span>tta<span class=\"_ _1\"></span> (m<span class=\"_ _1\"></span>ili<span class=\"_ _2\"></span>o<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>i Eur<span class=\"_ _2\"></span>o)<span class=\"_ _2c\"> </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=\"_ _22f\"> </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>1<span class=\"_ _1a4\"> </span>V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ioniCas<span class=\"_ _3\"></span>sa<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>ti<span class=\"_ _245\"> </span>5<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1f4\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>0<span class=\"_ _111\"> </span>(58<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>7)Al<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span> brev<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>term<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ne<span class=\"_ _f4\"> </span>1,<span class=\"_ _2\"></span>0<span class=\"_ _176\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _40\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8Atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> (P<span class=\"_ _e\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0) fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> per stru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ati<span class=\"_ _29\"> </span>0<span class=\"_ _2\"></span>,9<span class=\"_ _21\"> </span>(0,<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>)<span class=\"_ _244\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2De<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> a <span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>reve te<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _246\"> </span>(3<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _243\"> </span>(3<span class=\"_ _2\"></span>6,<span class=\"_ _2\"></span>4<span class=\"_ _2\"></span>)<span class=\"_ _244\"> </span>4,<span class=\"_ _2\"></span>6Pos<span class=\"_ _e\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a ne<span class=\"_ _e\"></span>tta<span class=\"_ _1\"></span> (Ind<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>bita<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> 2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,3<span class=\"_ _1f\"> </span>7<span class=\"_ _3\"></span>6<span class=\"_ _e\"></span>,5<span class=\"_ _b8\"> </span>(5<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)ne<span class=\"_ _e\"></span>tto) <span class=\"_ _3\"></span>a b<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>te<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>min<span class=\"_ _2\"></span>eDe<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> a <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>o l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>o term<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _112\"> </span>(4<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _e7\"> </span>(3<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _24\"> </span>(0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4)Atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> (P<span class=\"_ _e\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0) fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e no<span class=\"_ _2\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> per stru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> 0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _176\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _40\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3d<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>tiPos<span class=\"_ _e\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a ne<span class=\"_ _e\"></span>tta<span class=\"_ _1\"></span> (Ind<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>bita<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> (3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _b8\"> </span>(3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,5<span class=\"_ _e\"></span>)<span class=\"_ _1c5\"> </span>(0,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)ne<span class=\"_ _e\"></span>tto) <span class=\"_ _3\"></span>a m<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>dio lun<span class=\"_ _2\"></span>g<span class=\"_ _3\"></span>o<span class=\"_ _e\"></span> te<span class=\"_ _e\"></span>rm<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>ePos<span class=\"_ _e\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a ne<span class=\"_ _e\"></span>tta<span class=\"_ _1\"></span> (Ind<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>bita<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> (1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,2<span class=\"_ _3\"></span>)<span class=\"_ _1f\"> </span>37<span class=\"_ _e\"></span>,0<span class=\"_ _b8\"> </span>(5<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)ne<span class=\"_ _e\"></span>tto)P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>tratti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> l<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>(ex IFRS<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>)<span class=\"_ _17f\"> </span>(16<span class=\"_ _2\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _164\"> </span>(18<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>8<span class=\"_ _2\"></span>)<span class=\"_ _8e\"> </span><span class=\"ff21\">2<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4</span>Pos<span class=\"_ _e\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a ne<span class=\"_ _e\"></span>tta<span class=\"_ _1\"></span> (Ind<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>bita<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io<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=\"_ _7b\"> </span>(14<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,8<span class=\"_ _e\"></span>)<span class=\"_ _117\"> </span>(2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)ne<span class=\"_ _e\"></span>tto) <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>pl<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>ivoL\u2019indebitamento <span class=\"_ _e\"></span>finanz<span class=\"ff1f\">iari<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>netto <span class=\"_ _11\"></span>consolidato <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _11\"></span>dicembre <span class=\"_ _e\"></span>2022 <span class=\"_ _e\"></span>risulta <span class=\"_ _11\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _11\"></span>15,2 <span class=\"_ _e\"></span>milioni <span class=\"_ _3\"></span>con <span class=\"_ _11\"></span>una </span>variazione di <span class=\"_ _3\"></span>Euro 52,2 milioni <span class=\"_ _3\"></span>rispetto <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>fine 2021 <span class=\"_ _2\"></span>(al<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicembre 2021 il <span class=\"_ _3\"></span>Gruppo presentava una <span class=\"_ _3\"></span>posizione finanziaria netta po<span class=\"_ _1\"></span>sitiva per Euro 37 <span class=\"_ _1\"></span>milioni).  Al<span class=\"ls0\"> <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _2\"></span>2022 <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019indebitam<span class=\"_ _1\"></span>ento finanziario netto <span class=\"ff1f\">di <span class=\"ls30\">RCS</span> \u00e8 <span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> E<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span> 31,6 milioni <span class=\"_ _2\"></span>(al 31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2021 </span></span></span>RCS<span class=\"ls0\"> <span class=\"_ _2\"></span>pr<span class=\"_ _3\"></span>esentava <span class=\"_ _1\"></span>una pos<span class=\"_ _1\"></span>izione finanzi<span class=\"_ _1\"></span>aria netta posi<span class=\"_ _1\"></span>tiva per Euro <span class=\"ls6\">16</span>,7 milioni).  </span>La <span class=\"_ _aa\"> </span>posizione <span class=\"_ _aa\"> </span>finanziaria<span class=\"_ _1\"></span> <span class=\"_ _aa\"> </span>netta <span class=\"_ _aa\"> </span>complessiva <span class=\"_ _aa\"> </span>\u00e8 <span class=\"_ _aa\"> </span>stata <span class=\"_ _aa\"> </span>impattata <span class=\"_ _aa\"> </span>negativamente <span class=\"_ _aa\"> </span>dagli <span class=\"_ _aa\"> </span>investimenti <span class=\"_ _aa\"> </span>in immobilizzaz<span class=\"_ _1\"></span>ioni, <span class=\"_ _11\"></span>tra <span class=\"_ _e\"></span>cui <span class=\"_ _11\"></span>l\u2019acquisto <span class=\"_ _11\"></span>dell\u2019immobile <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>vi<span class=\"_ _3\"></span>a <span class=\"_ _11\"></span>Solferino <span class=\"_ _e\"></span>per <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>59,9 <span class=\"_ _11\"></span>milioni, <span class=\"_ _6\"></span><span class=\"ff1f\">dagli <span class=\"_ _e\"></span>effetti <span class=\"_ _11\"></span>netti </span>delle de dagli oneri non <span class=\"_ _1\"></span>ricorrenti. L\u2019indebitamento<span class=\"ff1f\"> <span class=\"_ _212\"></span>finanziario <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>complessivo, <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>comprende <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _0\"></span>passivit\u00e0 <span class=\"_ _0\"></span>finanziarie <span class=\"_ _2\"></span>relative <span class=\"_ _2\"></span>a cont<span class=\"_ _1\"></span>ratti </span></span></span>di <span class=\"_ _3\"></span>locazione <span class=\"_ _3\"></span>iscritti in <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>ex <span class=\"_ _3\"></span>IFRS <span class=\"_ _3\"></span>16 <span class=\"_ _e\"></span>(pr<span class=\"_ _1\"></span>incipalmente locazioni <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>immobili) pari <span class=\"_ _e\"></span>a <span class=\"_ _3\"></span>Euro 1<span class=\"_ _3\"></span>62,4 <span class=\"_ _3\"></span>milioni, ammonta a Euro 177,6 milioni con una variaz<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>one negativa di Euro 29,8 milioni rispetto al 31 dice<span class=\"_ _1\"></span>mbre 2021 (Euro 147,8 milioni<span class=\"_ _1\"></span>) Di <span class=\"_ _a\"> </span>seguito <span class=\"_ _a\"> </span>si <span class=\"_ _a\"> </span>espone <span class=\"_ _7\"></span>il <span class=\"_ _a\"> </span>dettaglio <span class=\"_ _a\"> </span>della <span class=\"_ _a\"> </span>Posizione <span class=\"_ _a\"></span>F<span class=\"_ _1\"></span>inanziaria <span class=\"_ _a\"></span>Ne<span class=\"_ _1\"></span>tta <span class=\"_ _a\"> </span>Complessiv<span class=\"_ _2\"></span>a <span class=\"_ _12\"> </span>cos\u00ec <span class=\"_ _7\"></span>come <span class=\"_ _a\"> </span>definita <span class=\"_ _a\"> </span>dagli \u201cOrientamenti <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>materia <span class=\"_ _e\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>obblighi <span class=\"_ _e\"></span>info<span class=\"_ _1\"></span>rmativi <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>nsi <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>regolamento <span class=\"_ _3\"></span>sul <span class=\"_ _e\"></span>pros<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tto<span class=\"_ _1\"></span>\u201d<span class=\"ff1f\"> pu<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"ls6\">da</span> ES<span class=\"_ _1\"></span>MA<span class=\"_ _2\"></span> </span>in<span class=\"ls0\"> <span class=\"_ _2\"></span>da<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>4<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>marzo<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls6\">2021<span class=\"ls0\"> <span class=\"_ _2\"></span>con<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nto<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ff22\">\u201cES<span class=\"_ _1\"></span>MA<span class=\"_ _1\"></span>32<span class=\"_ _1\"></span><span class=\"ff1f\">-<span class=\"ls6\">382</span>-<span class=\"_ _2\"></span><span class=\"ff22\">1138\u201d<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ff1f\">e <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ipreso <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>CONSOB <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>5/21 <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span><span class=\"ls6\">29<span class=\"ls0\"> <span class=\"_ _2\"></span>aprile <span class=\"_ _2\"></span>2021. </span></span></span></span></span></span></span></span></span></span></span>Tale vo<span class=\"_ _1\"></span>ce <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>nclude <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> passivi<span class=\"_ _1\"></span>t\u00e0 finan<span class=\"_ _1\"></span>ziarie relative a co<span class=\"_ _1\"></span>ntratti di locaz<span class=\"_ _1\"></span>ione a breve e/<span class=\"_ _1\"></span>o a lungo termine e <span class=\"_ _1\"></span>i debiti </span></span>non <span class=\"_ _12\"> </span>remunerati, <span class=\"_\"> </span>c<span class=\"_ _1\"></span>he <span class=\"_\"> </span>pr<span class=\"_ _1\"></span>esentano <span class=\"_ _12\"> </span>una <span class=\"_ _a\"> </span>significativa <span class=\"_ _a\"> </span>componente <span class=\"_ _a\"> </span>di <span class=\"_ _12\"> </span>finanziamen<span class=\"_ _1\"></span>to <span class=\"_ _a\"> </span>i<span class=\"_ _3\"></span>mplicito <span class=\"_ _a\"> </span>o <span class=\"_ _12\"> </span>esplicito <span class=\"_ _a\"> </span>(ad esempio i debiti <span class=\"_ _1\"></span>verso forni<span class=\"_ _1\"></span>tori con una scad<span class=\"_ _1\"></span>enza super<span class=\"_ _1\"></span>iore a 12 mesi), ed eventua<span class=\"_ _1\"></span>li altri pres<span class=\"_ _1\"></span>titi inf<span class=\"_ _2\"></span>rutti<span class=\"_ _1\"></span>fer<span class=\"_ _2\"></span>i. Ind<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>bita<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>ne<span class=\"_ _e\"></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=\"_ _1a4\"> </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>1<span class=\"_ _21b\"> </span>V<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ni(m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro)A  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>de<span class=\"_ _247\"> </span>5<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,3<span class=\"_ _1a6\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,0<span class=\"_ _172\"> </span>(5<span class=\"_ _2\"></span>8,<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>)B   <span class=\"_ _3\"></span> Mezz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> equ<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>de<span class=\"_ _10f\"> </span><span class=\"fc0\">-<span class=\"_ _124\"> </span></span>-<span class=\"_ _124\"> </span><span class=\"fc0\">-</span>C   <span class=\"_ _3\"></span> A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _246\"> </span>1,<span class=\"_ _2\"></span>9<span class=\"_ _dc\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _dc\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6D  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Liq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>(A+<span class=\"_ _3\"></span>B<span class=\"_ _e\"></span>+C<span class=\"_ _3\"></span>)<span class=\"_ _5b\"> </span>56<span class=\"_ _3\"></span>,2<span class=\"_ _28\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _17e\"> </span>(5<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1<span class=\"_ _3\"></span>)E   <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>De<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>e<span class=\"_ _248\"> </span>(3<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>)<span class=\"_ _21\"> </span>(42<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4)<span class=\"_ _dc\"> </span>6,<span class=\"_ _2\"></span>5d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i Pa<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 <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 pe<span class=\"_ _3\"></span>r <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<span class=\"_ _1\"></span> d<span class=\"_ _3\"></span>i lo<span class=\"_ _3\"></span>ca<span class=\"_ _3\"></span>z<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span>e<span class=\"_ _c0\"> </span>(2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,8<span class=\"_ _3\"></span>)<span class=\"_ _1f4\"> </span>(2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,9<span class=\"_ _3\"></span>)<span class=\"_ _26\"> </span>1,<span class=\"_ _3\"></span>1F    <span class=\"_ _3\"></span> P<span class=\"_ _e\"></span>arte <span class=\"_ _3\"></span>corren<span class=\"_ _1\"></span>te del<span class=\"_ _2\"></span> deb<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>no<span class=\"_ _2\"></span>n corren<span class=\"_ _2\"></span>te<span class=\"_ _239\"> </span>(2<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>)<span class=\"_ _21\"> </span>(24<span class=\"_ _2\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _244\"> </span>(0,<span class=\"_ _2\"></span>4<span class=\"_ _1\"></span>)G<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> I<span class=\"_ _3\"></span>nd<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>bi<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>io <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nte<span class=\"_ _e\"></span> (E+<span class=\"_ _3\"></span>F)<span class=\"_ _23f\"> </span>(6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>)<span class=\"_ _1f4\"> </span>(6<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>)<span class=\"_ _26\"> </span>6<span class=\"_ _3\"></span>,1H <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> Inde<span class=\"_ _e\"></span>b<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nto (dis<span class=\"_ _3\"></span>po<span class=\"_ _3\"></span>ni<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _2\"></span>) <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>nte<span class=\"_ _3\"></span> (4<span class=\"_ _3\"></span>,5<span class=\"_ _3\"></span>)<span class=\"_ _40\"> </span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _1f4\"> </span>(5<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>)ne<span class=\"_ _e\"></span>tto <span class=\"_ _3\"></span>(G<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>- D<span class=\"_ _3\"></span>)I  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Debi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> no<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>e<span class=\"_ _249\"> </span>(1<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>2)<span class=\"_ _b7\"> </span>(1<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>4)<span class=\"_ _1da\"> </span>2<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>2d<span class=\"_ _3\"></span>i cu<span class=\"_ _3\"></span>i Pa<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 <span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>rr<span class=\"_ _3\"></span>en<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>r c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>tra<span class=\"_ _3\"></span>tti di <span class=\"_ _3\"></span>loc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _1ad\"> </span>(13<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _b0\"> </span>(1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>)<span class=\"_ _40\"> </span>2<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>,3J  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> Stru<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deb<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1b1\"> </span><span class=\"fc0\">-<span class=\"_ _124\"> </span></span>-<span class=\"_ _124\"> </span><span class=\"fc0\">-</span>K  <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span> D<span class=\"_ _3\"></span>ebi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rci<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>bi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n corren<span class=\"_ _2\"></span>ti<span class=\"_ _57\"> </span>-<span class=\"_ _124\"> </span><span class=\"fc0\">-</span>L   <span class=\"_ _3\"></span>  <span class=\"_ _3\"></span>Inde<span class=\"_ _e\"></span>b<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> non c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>nte<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(I+<span class=\"_ _3\"></span>J<span class=\"_ _3\"></span>+<span class=\"_ _3\"></span>K<span class=\"_ _3\"></span>)<span class=\"_ _58\"> </span>(1<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,2<span class=\"_ _3\"></span>)<span class=\"_ _b3\"> </span>(1<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,4<span class=\"_ _3\"></span>)<span class=\"_ _40\"> </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>ta<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> ind<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>bita<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nto <span class=\"_ _3\"></span>(di<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>ponib<span class=\"_ _2\"></span>ilit\u00e0<span class=\"_ _2\"></span>) f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>io<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=\"_ _b0\"> </span>(1<span class=\"_ _3\"></span>4<span class=\"_ _e\"></span>7,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _1f4\"> </span>(29<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivo<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>(H+<span class=\"_ _3\"></span>L)Le passivit\u00e0 finan<span class=\"_ _1\"></span>ziarie del G<span class=\"_ _1\"></span>ruppo sono commentate<span class=\"_ _1\"></span> nella successiva N<span class=\"_ _1\"></span>ota <span class=\"ls1\">29.</span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "it",
    "entity": "scheme:8156000BA1E707067579",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f63535": {
   "value": "istribuzioni<span class=\"_ _1\"></span> di dividendi pe<span class=\"_ _1\"></span>r Euro 36,3 milion<span class=\"_ _1\"></span>i ",
   "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=\"_ _1\"></span>e sottoscritto e versato, \u00e8 pari<span class=\"_ _3\"></span> <span class=\"_ _1\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>dicembre<span class=\"_ _1\"></span> </span></span>2022 <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>Euro <span class=\"_ _2\"></span>7 <span class=\"_ _2\"></span>milioni <span class=\"_ _0\"></span><span class=\"ls3\">ed<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _0\"></span>costituito <span class=\"_ _2\"></span><span class=\"ls6\">da<span class=\"ls0\"> <span class=\"_ _2\"></span>n. <span class=\"_ _2\"></span>134.416.598 <span class=\"_ _0\"></span>azioni <span class=\"_ _2\"></span>ordinar<span class=\"_ _1\"></span>ie, sen<span class=\"_ _1\"></span>za <span class=\"_ _1\"></span>indicazione<span class=\"_ _1\"></span> de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re nominal<span class=\"_ _1\"></span>e. </span></span></span></span>Ai<span class=\"ls0\"> <span class=\"_ _f\"> </span>sensi <span class=\"_ _f\"> </span>dello <span class=\"_ _16\"> </span>Statuto <span class=\"_ _f\"> </span><span class=\"ls16\">le</span> <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>nominative,<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>indivisibili <span class=\"_ _16\"> </span>e <span class=\"_ _f\"> </span>liberamente <span class=\"_ _16\"> </span>trasferibili. <span class=\"_ _e\"></span>Sono <span class=\"_ _16\"> </span>salve <span class=\"_ _f\"> </span><span class=\"ls16\">le<span class=\"_ _3\"></span></span> </span>disposizioni <span class=\"_ _e\"></span><span class=\"ls2\">in</span> <span class=\"_ _11\"></span>materia <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>rappresentazion<span class=\"_ _1\"></span>e, <span class=\"_ _11\"></span>legittimazione, <span class=\"_ _11\"></span>circolazione <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>lla <span class=\"_ _2\"></span>partecipazi<span class=\"_ _1\"></span>one <span class=\"_ _2\"></span>sociale <span class=\"_ _2\"></span>prev<span class=\"_ _1\"></span>iste per <span class=\"_ _11\"></span>i <span class=\"_ _11\"></span>titoli <span class=\"_ _11\"></span>negoziati <span class=\"_ _11\"></span>nei <span class=\"_ _e\"></span>mercati <span class=\"_ _11\"></span>regolamentati. <span class=\"_ _e\"></span>Ogni <span class=\"_ _e\"></span>az<span class=\"_ _3\"></span>ione <span class=\"_ _11\"></span>attribuisce <span class=\"_ _e\"></span>il <span class=\"_ _11\"></span>diritto <span class=\"_ _e\"></span>ad <span class=\"_ _11\"></span>una <span class=\"_ _11\"></span>parte <span class=\"_ _11\"></span>proporzionale 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>ri<span class=\"_ _3\"></span>sultante dalla <span class=\"_ _3\"></span>liquidazione <span class=\"_ _3\"></span><span class=\"ls4\">ed</span> <span class=\"ls2\">il</span> <span class=\"_ _3\"></span>diritto di <span class=\"_ _2\"></span>voto, <span class=\"_ _1\"></span>sen<span class=\"_ _2\"></span>za <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>imitazioni <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>iverse <span class=\"_ _2\"></span>da <span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>uelle <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>legge. <span class=\"_ _0\"></span>Non <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>stati <span class=\"_ _2\"></span>eme<span class=\"_ _1\"></span>ssi <span class=\"_ _2\"></span>titoli <span class=\"_ _2\"></span>che<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>conferiscono <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ritti <span class=\"_ _2\"></span>special<span class=\"_ _1\"></span>i di <span class=\"_ _e\"></span>controllo. <span class=\"_ _11\"></span>Non <span class=\"_ _e\"></span>sono <span class=\"_ _11\"></span>stati <span class=\"_ _e\"></span>emessi <span class=\"_ _11\"></span>strumenti <span class=\"_ _e\"></span>finanziari <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>attribuiscano <span class=\"_ _e\"></span>il <span class=\"_ _11\"></span>diritto <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>sottoscrivere <span class=\"_ _e\"></span>azioni <span class=\"_ _e\"></span>di nuova <span class=\"_ _3\"></span>emissione. <span class=\"_ _e\"></span>Non <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>previsti <span class=\"_ _3\"></span>piani <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>incentiv<span class=\"_ _1\"></span>azione <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>base <span class=\"_ _e\"></span>azionaria <span class=\"_ _e\"></span>che <span class=\"_ _3\"></span>comportino <span class=\"_ _e\"></span>aumen<span class=\"_ _1\"></span>ti, <span class=\"_ _e\"></span>anche<span class=\"_ _1\"></span> gratuiti, del cap<span class=\"_ _1\"></span>itale sociale<span class=\"_ _1\"></span>. La<span class=\"ls0\"> se<span class=\"_ _1\"></span>guente <span class=\"_ _2\"></span>tabella <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ostra <span class=\"_ _1\"></span><span class=\"ls16\">la<span class=\"ls0\"> r<span class=\"_ _1\"></span>iconciliazione<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>ra <span class=\"_ _2\"></span><span class=\"ls16\">il<span class=\"_ _3\"></span><span class=\"ls0\"> n<span class=\"_ _1\"></span>umero <span class=\"_ _2\"></span>delle <span class=\"_ _1\"></span>azioni <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _1\"></span>circolazio<span class=\"_ _1\"></span>ne <span class=\"ls3\">al</span> <span class=\"_ _2\"></span>31 dicembre <span class=\"_ _2\"></span>202<span class=\"_ _3\"></span>2 <span class=\"_ _1\"></span>e il </span></span></span></span></span></span></span>numero delle azion<span class=\"_ _1\"></span>i in circolaz<span class=\"_ _1\"></span>ione al 31 dice<span class=\"_ _1\"></span>mbre 2021: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _72\"> </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>1Aum<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nto C<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>le<span class=\"_ _e\"></span> Acqu<span class=\"_ _1\"></span>is<span class=\"_ _3\"></span>to<span class=\"_ _3\"></span>/ Ce<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ione<span class=\"_ _e\"></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=\"_ _1\"></span>lea<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ioni pr<span class=\"_ _2\"></span>opr<span class=\"_ _2\"></span>ieAz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> o<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>nari<span class=\"_ _2\"></span>e emesse<span class=\"_ _c0\"> </span>1<span class=\"_ _2\"></span>34<span class=\"_ _2\"></span>.41<span class=\"_ _2\"></span>6.5<span class=\"_ _2\"></span>98<span class=\"_ _58\"> </span>-<span class=\"_ _e6\"> </span>-<span class=\"_ _1a4\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>6.5<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>8Az<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>pri<span class=\"_ _0\"></span>e<span class=\"_ _24a\"> </span>(7<span class=\"_ _2\"></span>79<span class=\"_ _2\"></span>)<span class=\"_ _13b\"> </span>-<span class=\"_ _e6\"> </span>-<span class=\"_ _24\"> </span>(77<span class=\"_ _2\"></span>9<span class=\"_ _1\"></span>)Az<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _1\"></span> o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>din<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> in cir<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>la<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ione<span class=\"_ _21b\"> </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>19<span class=\"_ _124\"> </span>-<span class=\"_ _e6\"> </span>-<span class=\"_ _20a\"> </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>19",
   "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=\"_ _a\"> </span>corso <span class=\"_ _a\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>2022, <span class=\"_ _a\"> </span>nel<span class=\"_ _1\"></span>l\u2019ambito <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>p<span class=\"_ _1\"></span>rogrammi<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>acquisto <span class=\"_ _a\"></span><span class=\"ls6\">di</span> <span class=\"_ _a\"> </span>azioni <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>oprie, <span class=\"_ _7\"></span>non <span class=\"_ _12\"> </span>s<span class=\"_ _1\"></span>ono <span class=\"_ _a\"> </span>state <span class=\"_ _a\"></span>vend<span class=\"_ _1\"></span>ute <span class=\"_ _7\"></span><span class=\"ls6\">n\u00e9</span> acquistate azioni prop<span class=\"_ _1\"></span>rie. Alla data de<span class=\"_ _1\"></span>l 31 dicemb<span class=\"_ _1\"></span>re 2022 Cairo Commun<span class=\"_ _1\"></span>ication <span class=\"_ _3\"></span>possedeva <span class=\"_ _2\"></span>un <span class=\"_ _1\"></span>totale <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> n. <span class=\"_ _2\"></span>779 </span></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=\"ls16\">le</span> <span class=\"_ _3\"></span><span class=\"ff22\">quali <span class=\"_ _11\"></span>si <span class=\"_ _6\"></span>applica <span class=\"_ _e\"></span>la <span class=\"_ _6\"></span>disciplin<span class=\"_ _1\"></span>a <span class=\"_ _11\"></span>dell\u2019art. <span class=\"_ _11\"></span>2357<span class=\"ff1f\">-ter <span class=\"_ _6\"></span>del </span></span>codice civile. ",
   "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=\"_ _2\"></span>voce <span class=\"_ _2\"></span>U<span class=\"_ _1\"></span>tili <span class=\"_ _2\"></span>di <span class=\"_ _0\"></span>esercizi <span class=\"_ _2\"></span>preceden<span class=\"_ _1\"></span>ti <span class=\"_ _2\"></span><span class=\"ls4\">ed<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ls4\">al<span class=\"ls2\">tre<span class=\"ls0\"> <span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>iserve, <span class=\"_ _2\"></span>pari <span class=\"_ _0\"></span><span class=\"ls4\">ad<span class=\"ls0\"> <span class=\"_ _2\"></span>Euro <span class=\"_ _0\"></span>261,7 <span class=\"_ _2\"></span>milioni <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>31 <span class=\"_ _0\"></span>dicembre 2022, include<span class=\"_ _1\"></span>: </span></span></span></span></span></span></span></span></span></span><span class=\"ff1f fs7 fc0\">per Euro 262,3 mil<span class=\"_ _1\"></span>ioni, utili r<span class=\"_ _1\"></span>iportati a <span class=\"ls6\">nuovo;</span> </span><span class=\"ff1f fs7 fc0\">per Euro 1,4 milioni, la r<span class=\"_ _1\"></span>iserva leg<span class=\"_ _2\"></span>ale;<span class=\"_ _2\"></span> </span><span class=\"ff1f fs7 fc0\">per <span class=\"_ _e\"></span>negativi <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>1 <span class=\"_ _e\"></span>milione <span class=\"_ _e\"></span>la <span class=\"_ _e\"></span>riserva <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>valu<span class=\"_ _1\"></span>tazione <span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>Euro <span class=\"_ _e\"></span>3,7 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>1) <span class=\"_ _3\"></span>ed <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>costituita </span>dal<span class=\"ls2\">la</span> <span class=\"_ _2\"></span>riserva <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> conv<span class=\"_ _2\"></span>ersi<span class=\"_ _3\"></span>one <span class=\"_ _2\"></span>utilizzata <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>registrare <span class=\"_ _2\"></span><span class=\"ls2\">le<span class=\"ls0\"> <span class=\"_ _2\"></span>differenze <span class=\"_ _2\"></span>cambio <span class=\"_ _2\"></span>nonch\u00e9 <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>rilevazione<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>utili e <span class=\"_ _2\"></span>perdite </span></span></span></span>attuariali nell\u2019amb<span class=\"_ _1\"></span>ito del processo di attualizza<span class=\"_ _1\"></span>zione del tratta<span class=\"_ _1\"></span>mento di fine rapporto<span class=\"ff1f\"> nonch\u00e9 il relativo effetto<span class=\"_ _1\"></span> </span>fiscale. <span class=\"ff1f fs7 fc0\">per <span class=\"_ _a\"></span>po<span class=\"_ _1\"></span>sitivi <span class=\"_ _7\"></span>Euro <span class=\"_ _7\"></span>0,8 <span class=\"_ _7\"></span>milioni, <span class=\"_ _7\"></span>la <span class=\"_ _7\"></span>riserva <span class=\"_ _a\"></span><span class=\"ff24\">c<span class=\"_ _1\"></span>ash <span class=\"_ _7\"></span>flow <span class=\"_ _7\"></span>hedge <span class=\"_ _7\"></span><span class=\"ff1f\">che <span class=\"_ _7\"></span>comprende <span class=\"_ _7\"></span>gli <span class=\"_ _7\"></span>effetti <span class=\"_ _7\"></span>rilevati <span class=\"_ _7\"></span>direttamente <span class=\"_ _6\"></span>a </span></span></span>patrimonio net<span class=\"_ _1\"></span>to come de<span class=\"_ _2\"></span>sunti dalla valutazione<span class=\"_ _1\"></span> <span class=\"ls4\">a </span><span class=\"ff24\">fair <span class=\"_ _1\"></span>value <span class=\"ff1f\">de<span class=\"_ _1\"></span>gli strum<span class=\"_ _1\"></span>enti finanz<span class=\"_ _1\"></span>iari derivat<span class=\"_ _1\"></span>i a copertura<span class=\"_ _1\"></span> dei </span></span>flussi per varia<span class=\"_ _1\"></span>zioni di tasso, nonch<span class=\"_ _1\"></span>\u00e9 il relat<span class=\"_ _1\"></span>ivo effetto fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>; per <span class=\"_ _5\"> </span>nega<span class=\"_ _1\"></span>tivi <span class=\"_ _4\"> </span>Euro <span class=\"_ _f\"> </span>1,8 <span class=\"_ _4\"> </span>mili<span class=\"_ _3\"></span>oni, <span class=\"_ _f\"> </span>l<span class=\"_ _3\"></span>a <span class=\"_ _4\"> </span>riserva <span class=\"_ _f\"> </span>da <span class=\"_ _5\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _4\"> </span>valutate <span class=\"_ _f\"> </span>al<span class=\"_ _3\"></span> <span class=\"_ _5\"> </span>fair <span class=\"_ _4\"> </span>value <span class=\"_ _4\"> </span>through <span class=\"_ _4\"> </span>othe<span class=\"_ _1\"></span>r comprehensive <span class=\"_ _2\"></span>income<span class=\"ff1f\">. <span class=\"ff22\">Co<span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>prende <span class=\"_ _1\"></span>gli <span class=\"_ _2\"></span>effetti de<span class=\"_ _1\"></span>rivanti <span class=\"_ _2\"></span>dalla valutazio<span class=\"_ _1\"></span>ne <span class=\"_ _1\"></span>degli <span class=\"_ _2\"></span>\u201cAltri s<span class=\"_ _1\"></span>trumenti <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>capitale no<span class=\"_ _1\"></span>n </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=\"_ _2\"></span>biti<span class=\"_ _1\"></span> e <span class=\"_ _1\"></span>pas<span class=\"_ _2\"></span>sivit<span class=\"_ _2\"></span>\u00e0 finan<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ar<span class=\"_ _2\"></span>ie non<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>orr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti L<span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>oc<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>\u201cd<span class=\"_ _2\"></span>ebi<span class=\"_ _2\"></span>ti <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>ss<span class=\"_ _1\"></span>iv<span class=\"_ _2\"></span>it<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _2\"></span>fi<span class=\"_ _2\"></span>na<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>ar<span class=\"_ _1\"></span>ie<span class=\"_ _2\"></span> n<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>orr<span class=\"_ _2\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span>\u201d <span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span> <span class=\"ff1f ls1\">40<span class=\"ls0\"> <span class=\"_ _2\"></span>mil<span class=\"_ _2\"></span>ion<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>(E<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span> 3<span class=\"_ _2\"></span><span class=\"ls1\">9,<span class=\"ls0\">6 <span class=\"_ _2\"></span>mil<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span>l <span class=\"_ _2\"></span>31<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di<span class=\"_ _1\"></span>ce<span class=\"_ _2\"></span>mb<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span> 2<span class=\"_ _2\"></span>02<span class=\"_ _2\"></span>1<span class=\"ls69\">) </span></span></span></span></span>in<span class=\"_ _2\"></span>cl<span class=\"_ _1\"></span>ud<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _2\"></span> n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>rre<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>dei<span class=\"_ _2\"></span> f<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zia<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _1\"></span> b<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>car<span class=\"_ _2\"></span>i.<span class=\"_ _1\"></span>  Di seguito sono descritti i principali finanz<span class=\"_ _1\"></span>iamenti ban<span class=\"_ _2\"></span>cari:<span class=\"_ _2\"></span> Ind<span class=\"_ _1\"></span>ebi<span class=\"_ _2\"></span>tamen<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzi<span class=\"_ _2\"></span>ario di<span class=\"_ _1\"></span> <span class=\"ls6a\">RCS</span> Il <span class=\"_ _1\"></span>Contratto d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> Fin<span class=\"_ _1\"></span>anziamen<span class=\"_ _1\"></span>to sot<span class=\"_ _1\"></span>toscritto <span class=\"_ _2\"></span>da RCS <span class=\"_ _1\"></span>nell\u2019agosto <span class=\"_ _2\"></span>2017 e <span class=\"_ _1\"></span>poi <span class=\"_ _2\"></span>rinegoziato il <span class=\"_ _1\"></span>10 <span class=\"_ _2\"></span>ottobre 2018 <span class=\"_ _2\"></span>non ha<span class=\"_ _1\"></span> subito modifiche <span class=\"_ _1\"></span>nel corso del 20<span class=\"_ _1\"></span>22. I principali termini e cond<span class=\"_ _1\"></span>izioni del finanz<span class=\"_ _1\"></span>iamento sono, in<span class=\"_ _1\"></span>ter alia, i segu<span class=\"_ _2\"></span>enti:<span class=\"_ _2\"></span> a)<span class=\"ff27 ls0\"> <span class=\"_\"> </span><span class=\"ff1f fs7 fc0\">scadenza al 31 dice<span class=\"_ _1\"></span>mbre 20<span class=\"_ _2\"></span>23; </span></span>b) <span class=\"_ _12\"> </span><span class=\"ff1f fs7 fc0 ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>suddivisione del <span class=\"_ _1\"></span>finanzia<span class=\"_ _1\"></span>mento <span class=\"ls2\">in</span> <span class=\"_ _2\"></span>una linea <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> cred<span class=\"_ _1\"></span>ito <span class=\"ff24\">term <span class=\"_ _2\"></span>amortising <span class=\"ff1f\">(al <span class=\"_ _2\"></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 linea <span class=\"_ _3\"></span>di credito <span class=\"_ _3\"></span><span class=\"ff24\">revolving <span class=\"ff22\">dell\u2019importo </span></span>originario di <span class=\"_ _3\"></span>Euro 125 milioni che si \u00e8 ridotta a E<span class=\"_ _1\"></span>uro 60 milioni<span class=\"_ _1\"></span> il 31 dicemb<span class=\"_ _1\"></span>re 2022 (non utilizzata a<span class=\"_ _1\"></span>l 31 dicembr<span class=\"_ _1\"></span>e 2022<span class=\"ls5\">);</span> c) <span class=\"_ _16\"> </span><span class=\"ff1f fs7 fc0\">un tasso di interess<span class=\"_ _1\"></span>e annuo <span class=\"_ _1\"></span>pari alla som<span class=\"_ _1\"></span>ma di Euribor di rif<span class=\"_ _1\"></span>erimento e <span class=\"_ _1\"></span>un margine<span class=\"_ _1\"></span> variabile, a <span class=\"_ _1\"></span>seconda del<span class=\"_ _1\"></span> </span>Leverage Ratio<span class=\"ff1f\">;<span class=\"_ _1\"></span> </span>d) <span class=\"_ _a\"> </span>la <span class=\"_ _15\"> </span>previsione <span class=\"_ _5\"> </span>di <span class=\"_ _5\"> </span>un <span class=\"_ _15\"> </span>unico <span class=\"_ _5\"> </span><span class=\"ff24\">covenant <span class=\"_ _5\"> </span></span>rappresentato <span class=\"_ _5\"> </span>dal <span class=\"_ _15\"> </span><span class=\"ff24\">Leverage <span class=\"_ _5\"> </span>Ratio <span class=\"_ _15\"> </span></span>(i.e<span class=\"_ _1\"></span>. <span class=\"_ _5\"> </span>Posizione <span class=\"_ _15\"> </span>Finanzi<span class=\"_ _1\"></span>aria Netta/EBITDA<span class=\"_ _1\"></span>). <span class=\"_ _2\"></span>Tale <span class=\"_ _2\"></span>cov<span class=\"_ _1\"></span>enant, <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>partire <span class=\"_ _2\"></span>da<span class=\"_ _1\"></span>l <span class=\"_ _2\"></span>2019, <span class=\"_ _0\"></span>non <span class=\"_ _2\"></span>deve <span class=\"_ _2\"></span>essere <span class=\"_ _0\"></span>superiore <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>3x <span class=\"_ _2\"></span>al 31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></span>di ciasc<span class=\"_ _1\"></span>un anno; e)<span class=\"ff27 ls0\"> <span class=\"_\"> </span><span class=\"ff1f fs7 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=\"_ _3\"></span>credito <span class=\"_ _e\"></span><span class=\"ff24\">term <span class=\"_ _3\"></span>amortising </span>che <span class=\"_ _e\"></span>prevede il <span class=\"_ _3\"></span>rimborso <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>rate <span class=\"_ _e\"></span>sem<span class=\"_ _1\"></span>estrali </span></span>di Euro 12,5 mil<span class=\"_ _1\"></span>ioni. Il <span class=\"_\"> </span>contratto <span class=\"_\"> </span>di <span class=\"_\"> </span>finanz<span class=\"_ _1\"></span>iamento <span class=\"_\"> </span>contiene <span class=\"_\"> </span>p<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>evisioni <span class=\"_\"> </span>re<span class=\"_ _1\"></span>lative <span class=\"_\"> </span>ad <span class=\"_\"> </span>eventi <span class=\"_\"> </span>di <span class=\"_\"> </span>r<span class=\"_ _1\"></span>imborso <span class=\"_\"> </span>a<span class=\"_ _3\"></span>nticipato <span class=\"_\"> </span>ob<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>ig<span class=\"_ _1\"></span>ato<span class=\"_ _2\"></span>rio,<span class=\"_ _2\"></span> dic<span class=\"_ _1\"></span>hia<span class=\"_ _1\"></span>ra<span class=\"_ _2\"></span>zioni<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>obbl<span class=\"_ _2\"></span>ighi,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>ven<span class=\"_ _2\"></span>ti <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oc<span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>sogli<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span><span class=\"ls1\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>mat<span class=\"_ _2\"></span>erial<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ple<span class=\"_ _2\"></span>ssiv<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>i\u00f9 <span class=\"_ _2\"></span>favorevoli <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>RCS <span class=\"_ _2\"></span>rispetto </span></span></span></span>al <span class=\"_ _6\"></span>precedente <span class=\"_ _11\"></span>contratto <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>finanziamento. <span class=\"_ _6\"></span>Tali <span class=\"_ _11\"></span>clausole <span class=\"_ _6\"></span>si <span class=\"_ _7\"></span>ap<span class=\"_ _2\"></span>pl<span class=\"_ _1\"></span>ic<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>o <span class=\"_ _e\"></span>- <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>ti<span class=\"_ _2\"></span>tol<span class=\"_ _2\"></span>o <span class=\"_ _e\"></span>e<span class=\"_ _2\"></span>se<span class=\"_ _1\"></span>mp<span class=\"_ _2\"></span>li<span class=\"_ _1\"></span>fi<span class=\"_ _2\"></span>ca<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span>vo<span class=\"_ _2\"></span> <span class=\"_ _11\"></span>-<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>al<span class=\"_ _2\"></span>le <span class=\"_ _e\"></span>p<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ev<span class=\"_ _2\"></span>is<span class=\"_ _2\"></span>io<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i re<span class=\"_ _2\"></span>lat<span class=\"_ _2\"></span>iv<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span> a ac<span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>rd<span class=\"_ _2\"></span>i <span class=\"ls1\">di</span> te<span class=\"_ _2\"></span>so<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e fi<span class=\"_ _2\"></span>na<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>garan<span class=\"_ _2\"></span>zie <span class=\"_ _3\"></span>inf<span class=\"_ _1\"></span>rag<span class=\"_ _2\"></span>ruppo<span class=\"_ _2\"></span>, <span class=\"_ _3\"></span>acqui<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>izio<span class=\"_ _2\"></span>ni, <span class=\"ff24\">join<span class=\"_ _1\"></span>t ventu<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span><span class=\"ff1f\">, inves<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>imen<span class=\"_ _2\"></span>ti <span class=\"_ _3\"></span>e </span></span>rio<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span>zzazio<span class=\"_ _2\"></span>ni <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ti,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>assunzion<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ndebitamento <span class=\"_ _0\"></span>finanziario, <span class=\"_ _0\"></span>atti <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>dispo<span class=\"_ _1\"></span>sizione <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>riduzione <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>el <span class=\"_ _0\"></span>capitale. Nel <span class=\"_ _3\"></span>mese <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>ottobre <span class=\"_ _3\"></span>RCS <span class=\"_ _e\"></span>ha <span class=\"_ _3\"></span>stipulato <span class=\"_ _e\"></span>un <span class=\"_ _3\"></span>nuovo <span class=\"_ _e\"></span>contratto <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>finanziamento<span class=\"_ _1\"></span> <span class=\"_ _11\"></span><span class=\"ff24\">amortizing</span> <span class=\"_ _3\"></span>per <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>importo<span class=\"_ _1\"></span> <span class=\"_ _e\"></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 di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>30 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>ha scadenza <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _11\"></span>2027 <span class=\"_ _e\"></span>ed <span class=\"_ _11\"></span>ha <span class=\"_ _e\"></span>un <span class=\"_ _11\"></span>piano <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>ammortamento <span class=\"_ _e\"></span>semestrale <span class=\"_ _e\"></span>costante <span class=\"_ _11\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _11\"></span>Euro <span class=\"_ _e\"></span>4,3 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>a partire <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>31 <span class=\"_ _e\"></span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>2024. <span class=\"_ _3\"></span>Tal<span class=\"ff22\">e <span class=\"_ _e\"></span>finanziam<span class=\"_ _1\"></span>ento <span class=\"_ _3\"></span>prevede <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nteresse <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>mesi <span class=\"_ _a\"> </span>ed <span class=\"_ _12\"> </span>un <span class=\"_ _12\"> </span>margine <span class=\"_ _a\"> </span>variabile <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>s<span class=\"_ _1\"></span>econda <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>Leverage <span class=\"_ _12\"> </span>Ratio <span class=\"_ _a\"> </span>(Posizione <span class=\"_ _12\"> </span>Finanz<span class=\"_ _1\"></span>iaria <span class=\"_ _12\"> </span>Netta<span class=\"_ _1\"></span>/EBITDA<span class=\"_ _1\"></span>), verificato <span class=\"_ _3\"></span>annualment<span class=\"_ _1\"></span>e. <span class=\"_ _3\"></span>La Linea <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Credito <span class=\"_ _3\"></span>Revolving per <span class=\"_ _e\"></span>un 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<span class=\"_ _1\"></span> al <span class=\"_ _a\"> </span>31 <span class=\"_ _a\"></span>dice<span class=\"_ _1\"></span>mbre <span class=\"_ _a\"></span>2022<span class=\"_ _1\"></span>) <span class=\"_ _a\"> </span><span class=\"ff22\">ha <span class=\"_ _7\"> </span>scadenza <span class=\"_ _a\"> </span>il <span class=\"_ _a\"> </span>12 <span class=\"_ _7\"> </span>ottobre <span class=\"_ _a\"> </span>2026 <span class=\"_ _7\"> </span>e <span class=\"_ _a\"> </span>prevede <span class=\"_ _a\"> </span>un <span class=\"_ _a\"> </span>tasso <span class=\"_ _7\"> </span>di <span class=\"_ _a\"> </span>interesse <span class=\"_ _7\"> </span>pari <span class=\"_ _a\"> </span>all\u2019Euribor <span class=\"_ _7\"> </span>di </span>riferimento <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>margine <span class=\"_ _11\"></span>variabile <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>seconda <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Leverage <span class=\"_ _6\"></span>Ratio <span class=\"_ _11\"></span>(<span class=\"_ _3\"></span>Posizion<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>Finanziaria <span class=\"_ _6\"></span>Netta/EBI<span class=\"_ _1\"></span>TDA), verificato annua<span class=\"_ _1\"></span>lmente. Le due linee sopra descritte prevedono un unico covenant costitui<span class=\"_ _1\"></span>to da una soglia massima di Leverage Ratio<span class=\"_ _2\"></span> (PFN/EBITDA<span class=\"_ _1\"></span> ante IFRS 16 e an<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>e oneri/provent<span class=\"_ _1\"></span>i non ricorrenti)<span class=\"_ _1\"></span> pari a 3,00x. Fin<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>iamen<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> U<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>it Cairo <span class=\"_ _f\"> </span>Communication <span class=\"_ _16\"> </span>S.p.A. <span class=\"_ _16\"> </span>ha <span class=\"_ _4\"> </span>sottoscrit<span class=\"_ _1\"></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=\"_ _e\"></span>revolving <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>importo <span class=\"_ _e\"></span>complessivo <span class=\"_ _e\"></span>pari <span class=\"_ _11\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _11\"></span>10 <span class=\"_ _e\"></span>milioni. <span class=\"_ _e\"></span>Alla <span class=\"_ _11\"></span>data <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>31 <span class=\"_ _11\"></span>dicembre <span class=\"_ _e\"></span>202<span class=\"_ _3\"></span>2 <span class=\"_ _11\"></span>era utilizzato per 5 <span class=\"_ _1\"></span>milioni. Il finanziamen<span class=\"_ _1\"></span>to ha scadenza 31 lugl<span class=\"_ _1\"></span>io 2023 e prevede, inter al<span class=\"_ _2\"></span>ia: a)<span class=\"ff27 ls0\"> <span class=\"_\"> </span><span class=\"ff1f fs7 fc0\">alcune <span class=\"_ _e\"></span>previsio<span class=\"_ _1\"></span>ni <span class=\"_ _e\"></span>relative <span class=\"_ _e\"></span>ad <span class=\"_ _3\"></span>eve<span class=\"_ _3\"></span>nti <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>rimborso <span class=\"_ _e\"></span>anticipato <span class=\"_ _e\"></span>obbligatorio, <span class=\"_ _e\"></span>dichiaraz<span class=\"_ _1\"></span>ioni, <span class=\"_ _e\"></span>obblighi, <span class=\"_ _e\"></span>eventi <span class=\"_ _e\"></span>di </span></span>revoca e relative <span class=\"_ _1\"></span>soglie di ma<span class=\"_ _1\"></span>terialit\u00e0, b) <span class=\"_ _12\"> </span>covenant <span class=\"_ _f\"> </span>fi<span class=\"_ _3\"></span>nanzia<span class=\"_ _1\"></span>ri <span class=\"_ _4\"> </span>a <span class=\"_ _4\"> </span>livello <span class=\"_ _4\"> </span>bilancio <span class=\"_ _4\"> </span>consolidato <span class=\"_ _f\"> </span>di <span class=\"_ _4\"> </span>Gruppo <span class=\"_ _4\"> </span>un <span class=\"_ _5\"> </span><span class=\"ff24\">debt <span class=\"_ _4\"> </span>cover <span class=\"_ _4\"> </span></span>(posizione <span class=\"_ _4\"> </span>finanzia<span class=\"_ _1\"></span>ria netta/Ebitda) <span class=\"_ _2\"></span>minore o ugu<span class=\"_ _1\"></span>ale a<span class=\"_ _1\"></span> 2,5 <span class=\"_ _2\"></span>e <span class=\"ff24\">leverage </span>(<span class=\"_ _1\"></span>indebitamento <span class=\"_ _2\"></span>fi<span class=\"_ _3\"></span>nanziario <span class=\"_ _2\"></span>netto/patrimonio <span class=\"_ _1\"></span>netto) <span class=\"_ _2\"></span>mi<span class=\"_ _3\"></span>nore <span class=\"_ _1\"></span>o uguale a 1, c)<span class=\"ff27 ls0\"> <span class=\"_ _f\"> </span><span class=\"ff1f fs7 fc0 ls2\">il<span class=\"ls0\"> rimborso a<span class=\"_ _1\"></span>nticipato nel c<span class=\"_ _2\"></span>as<span class=\"_ _3\"></span>o di <span class=\"ff24\">change of con<span class=\"_ _1\"></span>trol <span class=\"ff1f\">della Cairo C<span class=\"_ _1\"></span>om<span class=\"_ _2\"></span>munica<span class=\"_ _2\"></span>tion<span class=\"_ _1\"></span>. </span></span></span></span></span>A copertura dell\u2019esposi<span class=\"_ _1\"></span>zione debitoria \u00e8 stato stipulato un <span class=\"ff24\">interest rate cap <span class=\"ff1f\">per un importo di euro <span class=\"_ _1\"></span>10 <span class=\"_ _1\"></span>milioni. </span></span>Per u<span class=\"_ _1\"></span>lteriori <span class=\"_ _2\"></span>commenti <span class=\"_ _1\"></span>sul <span class=\"_ _1\"></span>derivato <span class=\"_ _2\"></span><span class=\"ls33\">si<span class=\"ls0\"> rim<span class=\"_ _1\"></span>anda <span class=\"_ _2\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>suc<span class=\"_ _3\"></span>cessiva <span class=\"_ _2\"></span>Nota n.34. <span class=\"_ _1\"></span> </span></span>Cairo <span class=\"_ _e\"></span>Editore <span class=\"_ _e\"></span>S.p.A. <span class=\"_ _e\"></span>ha <span class=\"_ _e\"></span>sottoscritto <span class=\"_ _11\"></span>con <span class=\"_ _e\"></span>Unicredit, <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>3 <span class=\"_ _e\"></span>agosto <span class=\"_ _e\"></span>2021, <span class=\"_ _11\"></span>un <span class=\"_ _e\"></span>contratto <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>finanziamento <span class=\"_ _e\"></span>per l\u2019importo <span class=\"_ _7\"> </span>complessivo <span class=\"_ _a\"> </span>di <span class=\"_ _7\"> </span>Euro <span class=\"_ _a\"> </span>10 <span class=\"_ _7\"> </span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _a\"> </span>a<span class=\"_ _1\"></span>ssistito <span class=\"_ _7\"> </span>da <span class=\"_ _a\"> </span>garanzia <span class=\"_ _a\"> </span>rilasciata <span class=\"_ _a\"></span>da <span class=\"_ _7\"></span>BEI <span class=\"_ _7\"></span>(<span class=\"_ _3\"></span>Banca <span class=\"_ _a\"> </span>Europea <span class=\"_ _7\"></span>per <span class=\"_ _a\"></span>gli investimenti). Il <span class=\"_ _1\"></span>finanziamento ha <span class=\"_ _1\"></span>scadenza 31 a<span class=\"_ _1\"></span>gosto 2024 e p<span class=\"_ _1\"></span>revede, inter <span class=\"_ _1\"></span>alia: a)<span class=\"ff27 ls0\"> <span class=\"_\"> </span><span class=\"ff1f fs7 fc0\">alcune <span class=\"_ _e\"></span>previsio<span class=\"_ _1\"></span>ni <span class=\"_ _e\"></span>relative <span class=\"_ _e\"></span>ad <span class=\"_ _3\"></span>eve<span class=\"_ _3\"></span>nti <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>rimborso <span class=\"_ _e\"></span>anticipato <span class=\"_ _e\"></span>obbliga<span class=\"_ _1\"></span>torio, <span class=\"_ _e\"></span>dichiarazioni, <span class=\"_ _3\"></span>obblighi, <span class=\"_ _e\"></span>eventi <span class=\"_ _e\"></span>di </span></span>revoca e relative <span class=\"_ _1\"></span>soglie di materiali<span class=\"_ _1\"></span>t\u00e0, b) <span class=\"_ _12\"> </span>covenant <span class=\"_ _f\"> </span>fi<span class=\"_ _3\"></span>nanzia<span class=\"_ _1\"></span>ri <span class=\"_ _4\"> </span>a <span class=\"_ _4\"> </span>livello <span class=\"_ _4\"> </span>bilancio <span class=\"_ _4\"> </span>consolidato <span class=\"_ _f\"> </span>di <span class=\"_ _4\"> </span>Gruppo <span class=\"_ _4\"> </span>un <span class=\"_ _5\"> </span><span class=\"ff24\">debt <span class=\"_ _4\"> </span>cover <span class=\"_ _4\"> </span></span>(posizione <span class=\"_ _4\"> </span>finanzia<span class=\"_ _1\"></span>ria netta/Ebitda) <span class=\"_ _2\"></span>minore o ugu<span class=\"_ _1\"></span>ale a<span class=\"_ _1\"></span> 2,5 <span class=\"_ _2\"></span>e <span class=\"ff24\">leverage </span>(<span class=\"_ _1\"></span>indebitamento <span class=\"_ _2\"></span>finanziario netto<span class=\"_ _1\"></span>/patrimonio<span class=\"_ _1\"></span> netto<span class=\"_ _1\"></span>) min<span class=\"_ _1\"></span>ore o uguale a 1, c) <span class=\"_ _16\"> </span>un <span class=\"_ _a\"> </span>piano <span class=\"_ _a\"> </span>ammortamento <span class=\"_ _7\"></span>che <span class=\"_ _a\"> </span>prevede <span class=\"_ _a\"> </span><span class=\"ls16\">il</span> <span class=\"_ _a\"> </span>rimborso <span class=\"_ _a\"> </span><span class=\"ls2\">in</span> <span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>ate <span class=\"_ _a\"> </span>3 <span class=\"_ _a\"> </span><span class=\"ls6\">da</span> <span class=\"_ _a\"> </span>Euro <span class=\"_ _a\"> </span>3,3 <span class=\"_ _a\"> </span>milioni <span class=\"_ _a\"> </span>decorso <span class=\"_ _a\"></span>il <span class=\"_ _a\"> </span>periodo <span class=\"_ _a\"> </span>di ammortamento d<span class=\"_ _1\"></span>ella durata<span class=\"_ _1\"></span> della durata di 18 <span class=\"_ _1\"></span>mesi. d)<span class=\"ff27 ls0\"> <span class=\"_ _12\"> </span><span class=\"ff1f fs7 fc0 ls2\">il<span class=\"ls0\"> ri<span class=\"_ _1\"></span>mborso anticipat<span class=\"_ _1\"></span>o nel caso di <span class=\"ff24\">change o<span class=\"_ _2\"></span>f<span class=\"_ _3\"></span> control <span class=\"ff1f\">della Ca<span class=\"_ _1\"></span>iro Com<span class=\"_ _2\"></span>munic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n.<span class=\"_ _2\"></span> </span></span></span></span></span>A copertura dell\u2019espos<span class=\"_ _1\"></span>izione debitoria<span class=\"_ _1\"></span> \u00e8 stato stipulato un <span class=\"ff24\">interest rate cap <span class=\"ff1f\">per un importo di euro 10<span class=\"_ _1\"></span> milioni<span class=\"_ _1\"></span>. </span></span>Per ulteriori<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>menti sul<span class=\"_ _1\"></span> derivat<span class=\"_ _1\"></span>o <span class=\"ls49\">si</span> rimanda<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>lla suc<span class=\"_ _2\"></span>ce<span class=\"_ _3\"></span>ssiva Nota <span class=\"_ _1\"></span>n.34. 34. De<span class=\"_ _2\"></span>biti<span class=\"_ _1\"></span> e <span class=\"_ _1\"></span>pas<span class=\"_ _2\"></span>sivit<span class=\"_ _2\"></span>\u00e0 finan<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ar<span class=\"_ _2\"></span>ie corr<span class=\"_ _2\"></span>enti La<span class=\"ls0\"> voce, <span class=\"_ _1\"></span>pari <span class=\"ls4\">ad</span> <span class=\"_ _1\"></span>Euro<span class=\"_ _1\"></span> 31,8 milio<span class=\"_ _1\"></span>ni (Euro 36,8 <span class=\"_ _2\"></span>milioni <span class=\"ls4\">al</span> 31<span class=\"_ _1\"></span> dicembr<span class=\"_ _1\"></span>e 2021<span class=\"ls5\">),<span class=\"_ _1\"></span><span class=\"ls0\"> in<span class=\"_ _1\"></span>clu<span class=\"_ _2\"></span>de:<span class=\"_ _1\"></span> </span></span></span><span class=\"ff1f fs7 fc0\">per <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>31,8 <span class=\"_ _11\"></span>milioni <span class=\"_ _11\"></span>(<span class=\"_ _3\"></span>Euro <span class=\"_ _11\"></span>36,4 <span class=\"_ _11\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _11\"></span><span class=\"ls4\">al</span> <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicem<span class=\"_ _1\"></span>bre <span class=\"_ _6\"></span>2021<span class=\"ls5\">),</span> <span class=\"_ _e\"></span><span class=\"ls2\">la</span> <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>corren<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>dei <span class=\"_ _2\"></span>finanziament<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>bancari </span>descritti nella pr<span class=\"_ _1\"></span>ecedente N<span class=\"_ _1\"></span>ota 29 e gli scope<span class=\"_ _1\"></span>rti di cont<span class=\"_ _1\"></span>o corrente; ",
   "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=\"_ _2\"></span>ondi <span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>i e<span class=\"_ _2\"></span>d oner<span class=\"_ _2\"></span>i e fo<span class=\"_ _2\"></span>ndo i<span class=\"_ _1\"></span>mpos<span class=\"_ _2\"></span>te d<span class=\"_ _1\"></span>iff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ite La movimentaz<span class=\"_ _1\"></span>ione del per<span class=\"_ _1\"></span>iodo \u00e8 esposta ne<span class=\"_ _1\"></span>l seguente p<span class=\"_ _1\"></span>ros<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tto<span class=\"_ _2\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>one31<span class=\"_ _2\"></span>/1<span class=\"_ _1\"></span>2/<span class=\"_ _2\"></span>20<span class=\"_ _1\"></span>21Acc<span class=\"_ _3\"></span>an<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span>n.tiUtili<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>iAltr<span class=\"_ _2\"></span>i 31<span class=\"_ _2\"></span>/1<span class=\"_ _1\"></span>2/<span class=\"_ _2\"></span>20<span class=\"_ _1\"></span>22ne<span class=\"_ _e\"></span>ttim<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _e\"></span>im<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiFo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>den<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>a4,<span class=\"_ _2\"></span>0<span class=\"_ _190\"> </span>0,3<span class=\"_ _6a\"> </span>(0,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(0<span class=\"_ _2\"></span>,8)<span class=\"_ _7b\"> </span>3<span class=\"_ _2\"></span>,1Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtenz<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>egal<span class=\"_ _2\"></span>i12<span class=\"_ _2\"></span>,8<span class=\"_ _190\"> </span>1<span class=\"_ _1\"></span>,1<span class=\"_ _6a\"> </span>(1,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(0<span class=\"_ _2\"></span>,1)<span class=\"_ _24b\"> </span>11<span class=\"_ _2\"></span>,9Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> per i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rson<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e19<span class=\"_ _2\"></span>,4<span class=\"_ _190\"> </span>0<span class=\"_ _1\"></span>,6<span class=\"_ _6a\"> </span>(1,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(0<span class=\"_ _2\"></span>,6)<span class=\"_ _24b\"> </span>17<span class=\"_ _2\"></span>,9Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> fon<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>d o<span class=\"_ _2\"></span>neri25<span class=\"_ _2\"></span>,7<span class=\"_ _190\"> </span>2<span class=\"_ _1\"></span>,6<span class=\"_ _6a\"> </span>(1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(0<span class=\"_ _2\"></span>,8)<span class=\"_ _24b\"> </span>26<span class=\"_ _2\"></span>,2Totale<span class=\"_ _e\"></span> g<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>ne<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>le61<span class=\"_ _2\"></span>,9<span class=\"_ _190\"> </span>4<span class=\"_ _1\"></span>,6<span class=\"_ _6a\"> </span>(5,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(2<span class=\"_ _2\"></span>,3)<span class=\"_ _24b\"> </span>59<span class=\"_ _2\"></span>,1Il <span class=\"_ _3\"></span>\u201cFondo <span class=\"_ _e\"></span>indennit\u00e0 <span class=\"_ _3\"></span>clientela\u201d <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>l\u2019importo<span class=\"ff1f\">, <span class=\"_ _e\"></span>assoggettato <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>val<span class=\"_ _3\"></span>utazione <span class=\"_ _3\"></span>attuariale, da <span class=\"_ _e\"></span>corrispondere agli <span class=\"_ _e\"></span>agenti </span>in base alla norm<span class=\"_ _1\"></span>ativa ed agli <span class=\"_ _1\"></span>accordi collet<span class=\"_ _1\"></span>tivi vigenti. Il<span class=\"ls0\"> <span class=\"ff22\">\u201cFondo</span> <span class=\"_ _3\"></span>vertenze <span class=\"ff22\">legali\u201d,</span> pari a <span class=\"_ _3\"></span>Euro 11,9 milioni, \u00e8 relativo <span class=\"_ _3\"></span>a potenziali passivit\u00e0 derivanti <span class=\"_ _3\"></span>da <span class=\"_ _e\"></span>controver<span class=\"_ _1\"></span>sie </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 diffamazione legate ad articoli <span class=\"_ _3\"></span>pubblicati sulle<span class=\"_ _1\"></span> testate del Gruppo.<span class=\"_ _1\"></span> I <span class=\"_ _e\"></span><span class=\"ff22\">\u201cFo<span class=\"_ _2\"></span>ndi<span class=\"ff1f\"> <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span><span class=\"ls16\">il</span> <span class=\"_ _11\"></span></span>per<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e\u201d,<span class=\"_ _2\"></span><span class=\"ff1f\"> <span class=\"_ _11\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>17,9<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>milion<span class=\"_ _2\"></span>i, <span class=\"_ _e\"></span>inclu<span class=\"_ _2\"></span>dono <span class=\"_ _e\"></span><span class=\"ls16\">le</span> <span class=\"_ _e\"></span>pote<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>li <span class=\"_ _e\"></span>pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _e\"></span>leg<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te <span class=\"_ _e\"></span>alla<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>gestione <span class=\"_ _7\"></span>del </span></span>personale <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>alla <span class=\"_ _2\"></span>risoluzione <span class=\"_ _1\"></span>di ra<span class=\"_ _1\"></span>pporti <span class=\"_ _2\"></span>di lavoro <span class=\"_ _2\"></span>subordinato <span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>mministrato <span class=\"_ _7\"></span>e son<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>riconducibil<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r <span class=\"_ _1\"></span>Euro 1<span class=\"_ _1\"></span>4 milioni al Gruppo R<span class=\"_ _1\"></span>CS e p<span class=\"_ _1\"></span>er Euro 3,9 milioni al<span class=\"_ _1\"></span>la controll<span class=\"_ _1\"></span>ata La7. Gli<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ff22\">\u201cAl<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span><span class=\"ff1f\"> <span class=\"_ _2\"></span>fond<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>risch<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span><span class=\"ls3\">ed<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff22\">one<span class=\"_ _2\"></span>ri\u201d<span class=\"ff1f\"> <span class=\"_ _2\"></span>son<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>pri<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>ipa<span class=\"_ _2\"></span>lmen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>re<span class=\"_ _1\"></span>la<span class=\"_ _2\"></span>tivi <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>pote<span class=\"_ _2\"></span>nzia<span class=\"_ _1\"></span>li <span class=\"_ _2\"></span>ric<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>uci<span class=\"_ _1\"></span>bil<span class=\"_ _2\"></span>i <span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span><span class=\"ls30\">RCS<span class=\"ls0\"> <span class=\"_ _2\"></span>e </span></span></span></span></span></span></span></span>a <span class=\"_ _7\"></span>La7, <span class=\"_ _7\"></span>accantonati <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>fronte <span class=\"_ _7\"></span>del <span class=\"_ _a\"></span>risch<span class=\"_ _1\"></span>io <span class=\"_ _7\"></span>derivante <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>richieste <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span>risarcimento <span class=\"_ _12\"> </span>danni <span class=\"_\"> </span>or<span class=\"_ _1\"></span>iginatesi <span class=\"_\"> </span>dura<span class=\"_ _1\"></span>nte <span class=\"_\"> </span>l<span class=\"_ _1\"></span>a produzione e mes<span class=\"_ _1\"></span>sa in onda<span class=\"_ _1\"></span> di programm<span class=\"_ _1\"></span>i televisivi e p<span class=\"_ _1\"></span>er altri rischi con<span class=\"_ _1\"></span>trattuali. In<span class=\"ls0\"> <span class=\"_ _1\"></span>conformit\u00e0 <span class=\"_ _2\"></span>a quanto <span class=\"_ _2\"></span>disposto <span class=\"_ _2\"></span>dai pr<span class=\"_ _1\"></span>incipi <span class=\"_ _1\"></span>contabili <span class=\"_ _2\"></span>internazionali <span class=\"_ _2\"></span><span class=\"ls16\">la<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>quota a <span class=\"_ _2\"></span>lungo <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ermine <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>fondi <span class=\"_ _e\"></span>rischi \u00e8 </span></span></span>stata <span class=\"_\"> </span>so<span class=\"_ _1\"></span>ttoposta <span class=\"_ _12\"> </span>ad <span class=\"_\"> </span>a<span class=\"_ _1\"></span>ttualizzazione <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>tener <span class=\"_\"> </span>conto <span class=\"_ _12\"> </span>della <span class=\"_\"> </span>compon<span class=\"_ _1\"></span>ente <span class=\"_ _12\"> </span>finanziaria <span class=\"_ _12\"> </span>implicitamente <span class=\"_ _12\"> </span>inclusa, utilizzando un tasso pari <span class=\"_ _3\"></span>a circa lo <span class=\"_ _3\"></span>3,7% per <span class=\"_ _3\"></span>il fondo indennit\u00e0 clientela <span class=\"_ _2\"></span>e 2,85% <span class=\"_ _1\"></span>per <span class=\"ls2\">il</span> <span class=\"_ _2\"></span>fondo ver<span class=\"_ _1\"></span>tenze <span class=\"_ _1\"></span>legali <span class=\"ls4\">e </span>del 2,77% per gl<span class=\"_ _1\"></span>i altri fondi<span class=\"_ _1\"></span> ed oneri. L\u2019analisi<span class=\"ff1f\"> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span><span class=\"ff24\">se<span class=\"_ _3\"></span>nsitivity <span class=\"_ _2\"></span><span class=\"ff1f\">sul <span class=\"_ _1\"></span>rischio <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> at<span class=\"_ _1\"></span>tualizzazione, <span class=\"_ _2\"></span>assumendo <span class=\"_ _2\"></span>una <span class=\"_ _1\"></span>variazion<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>parallela <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>+/- <span class=\"_ _3\"></span>0,5% <span class=\"_ _3\"></span>non </span></span></span></span></span>ha evidenziato e<span class=\"_ _1\"></span>ffetti signi<span class=\"_ _1\"></span>ficativi. Le pas<span class=\"_ _3\"></span>sivit\u00e0 per <span class=\"_ _3\"></span>imposte differite, <span class=\"_ _3\"></span>pari ad <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>16<span class=\"_ _3\"></span>3,4 milioni <span class=\"_ _3\"></span>(Euro <span class=\"_ _3\"></span>162,1 milioni <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 202<span class=\"_ _3\"></span>1) sono prevalentemente <span class=\"_ _1\"></span>riconducibili a<span class=\"_ _1\"></span>lla business combina<span class=\"_ _1\"></span>tion del Gruppo R<span class=\"_ _2\"></span>CS<span class=\"_ _1\"></span>.<span class=\"_ _1\"></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=\"_ _2\"></span>ondi <span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>i e<span class=\"_ _2\"></span>d oner<span class=\"_ _2\"></span>i e fo<span class=\"_ _2\"></span>ndo i<span class=\"_ _1\"></span>mpos<span class=\"_ _2\"></span>te d<span class=\"_ _1\"></span>iff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ite La movimentaz<span class=\"_ _1\"></span>ione del per<span class=\"_ _1\"></span>iodo \u00e8 esposta ne<span class=\"_ _1\"></span>l seguente p<span class=\"_ _1\"></span>ros<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tto<span class=\"_ _2\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>one31<span class=\"_ _2\"></span>/1<span class=\"_ _1\"></span>2/<span class=\"_ _2\"></span>20<span class=\"_ _1\"></span>21Acc<span class=\"_ _3\"></span>an<span class=\"_ _2\"></span>to<span class=\"_ _3\"></span>n.tiUtili<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>iAltr<span class=\"_ _2\"></span>i 31<span class=\"_ _2\"></span>/1<span class=\"_ _1\"></span>2/<span class=\"_ _2\"></span>20<span class=\"_ _1\"></span>22ne<span class=\"_ _e\"></span>ttim<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>v<span class=\"_ _e\"></span>im<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiFo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>den<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>a4,<span class=\"_ _2\"></span>0<span class=\"_ _190\"> </span>0,3<span class=\"_ _6a\"> </span>(0,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(0<span class=\"_ _2\"></span>,8)<span class=\"_ _7b\"> </span>3<span class=\"_ _2\"></span>,1Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtenz<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>egal<span class=\"_ _2\"></span>i12<span class=\"_ _2\"></span>,8<span class=\"_ _190\"> </span>1<span class=\"_ _1\"></span>,1<span class=\"_ _6a\"> </span>(1,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(0<span class=\"_ _2\"></span>,1)<span class=\"_ _24b\"> </span>11<span class=\"_ _2\"></span>,9Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> per i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rson<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e19<span class=\"_ _2\"></span>,4<span class=\"_ _190\"> </span>0<span class=\"_ _1\"></span>,6<span class=\"_ _6a\"> </span>(1,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(0<span class=\"_ _2\"></span>,6)<span class=\"_ _24b\"> </span>17<span class=\"_ _2\"></span>,9Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> fon<span class=\"_ _2\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>d o<span class=\"_ _2\"></span>neri25<span class=\"_ _2\"></span>,7<span class=\"_ _190\"> </span>2<span class=\"_ _1\"></span>,6<span class=\"_ _6a\"> </span>(1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(0<span class=\"_ _2\"></span>,8)<span class=\"_ _24b\"> </span>26<span class=\"_ _2\"></span>,2Totale<span class=\"_ _e\"></span> g<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>ne<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>le61<span class=\"_ _2\"></span>,9<span class=\"_ _190\"> </span>4<span class=\"_ _1\"></span>,6<span class=\"_ _6a\"> </span>(5,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _156\"> </span>(2<span class=\"_ _2\"></span>,3)<span class=\"_ _24b\"> </span>59<span class=\"_ _2\"></span>,1Il <span class=\"_ _3\"></span>\u201cFondo <span class=\"_ _e\"></span>indennit\u00e0 <span class=\"_ _3\"></span>clientela\u201d <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>l\u2019importo<span class=\"ff1f\">, <span class=\"_ _e\"></span>assoggettato <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>val<span class=\"_ _3\"></span>utazione <span class=\"_ _3\"></span>attuariale, da <span class=\"_ _e\"></span>corrispondere agli <span class=\"_ _e\"></span>agenti </span>in base alla norm<span class=\"_ _1\"></span>ativa ed agli <span class=\"_ _1\"></span>accordi collet<span class=\"_ _1\"></span>tivi vigenti. Il<span class=\"ls0\"> <span class=\"ff22\">\u201cFondo</span> <span class=\"_ _3\"></span>vertenze <span class=\"ff22\">legali\u201d,</span> pari a <span class=\"_ _3\"></span>Euro 11,9 milioni, \u00e8 relativo <span class=\"_ _3\"></span>a potenziali passivit\u00e0 derivanti <span class=\"_ _3\"></span>da <span class=\"_ _e\"></span>controver<span class=\"_ _1\"></span>sie </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 diffamazione legate ad articoli <span class=\"_ _3\"></span>pubblicati sulle<span class=\"_ _1\"></span> testate del Gruppo.<span class=\"_ _1\"></span> I <span class=\"_ _e\"></span><span class=\"ff22\">\u201cFo<span class=\"_ _2\"></span>ndi<span class=\"ff1f\"> <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span><span class=\"ls16\">il</span> <span class=\"_ _11\"></span></span>per<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e\u201d,<span class=\"_ _2\"></span><span class=\"ff1f\"> <span class=\"_ _11\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>17,9<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>milion<span class=\"_ _2\"></span>i, <span class=\"_ _e\"></span>inclu<span class=\"_ _2\"></span>dono <span class=\"_ _e\"></span><span class=\"ls16\">le</span> <span class=\"_ _e\"></span>pote<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>li <span class=\"_ _e\"></span>pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _e\"></span>leg<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te <span class=\"_ _e\"></span>alla<span class=\"_ _2\"></span> <span class=\"_ _7\"></span>gestione <span class=\"_ _7\"></span>del </span></span>personale <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>alla <span class=\"_ _2\"></span>risoluzione <span class=\"_ _1\"></span>di ra<span class=\"_ _1\"></span>pporti <span class=\"_ _2\"></span>di lavoro <span class=\"_ _2\"></span>subordinato <span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>mministrato <span class=\"_ _7\"></span>e son<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>riconducibil<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r <span class=\"_ _1\"></span>Euro 1<span class=\"_ _1\"></span>4 milioni al Gruppo R<span class=\"_ _1\"></span>CS e p<span class=\"_ _1\"></span>er Euro 3,9 milioni al<span class=\"_ _1\"></span>la controll<span class=\"_ _1\"></span>ata La7. Gli<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ff22\">\u201cAl<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span><span class=\"ff1f\"> <span class=\"_ _2\"></span>fond<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>risch<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span><span class=\"ls3\">ed<span class=\"ls0\"> <span class=\"_ _2\"></span><span class=\"ff22\">one<span class=\"_ _2\"></span>ri\u201d<span class=\"ff1f\"> <span class=\"_ _2\"></span>son<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>pri<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>ipa<span class=\"_ _2\"></span>lmen<span class=\"_ _1\"></span>te <span class=\"_ _2\"></span>re<span class=\"_ _1\"></span>la<span class=\"_ _2\"></span>tivi <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>pote<span class=\"_ _2\"></span>nzia<span class=\"_ _1\"></span>li <span class=\"_ _2\"></span>ric<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>uci<span class=\"_ _1\"></span>bil<span class=\"_ _2\"></span>i <span class=\"ls3\">al<span class=\"_ _3\"></span></span> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span><span class=\"ls30\">RCS<span class=\"ls0\"> <span class=\"_ _2\"></span>e </span></span></span></span></span></span></span></span>a <span class=\"_ _7\"></span>La7, <span class=\"_ _7\"></span>accantonati <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>fronte <span class=\"_ _7\"></span>del <span class=\"_ _a\"></span>risch<span class=\"_ _1\"></span>io <span class=\"_ _7\"></span>derivante <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>richieste <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _7\"></span>risarcimento <span class=\"_ _12\"> </span>danni <span class=\"_\"> </span>or<span class=\"_ _1\"></span>iginatesi <span class=\"_\"> </span>dura<span class=\"_ _1\"></span>nte <span class=\"_\"> </span>l<span class=\"_ _1\"></span>a produzione e mes<span class=\"_ _1\"></span>sa in onda<span class=\"_ _1\"></span> di programm<span class=\"_ _1\"></span>i televisivi e p<span class=\"_ _1\"></span>er altri rischi con<span class=\"_ _1\"></span>trattuali. In<span class=\"ls0\"> <span class=\"_ _1\"></span>conformit\u00e0 <span class=\"_ _2\"></span>a quanto <span class=\"_ _2\"></span>disposto <span class=\"_ _2\"></span>dai pr<span class=\"_ _1\"></span>incipi <span class=\"_ _1\"></span>contabili <span class=\"_ _2\"></span>internazionali <span class=\"_ _2\"></span><span class=\"ls16\">la<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>quota a <span class=\"_ _2\"></span>lungo <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ermine <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>fondi <span class=\"_ _e\"></span>rischi \u00e8 </span></span></span>stata <span class=\"_\"> </span>so<span class=\"_ _1\"></span>ttoposta <span class=\"_ _12\"> </span>ad <span class=\"_\"> </span>a<span class=\"_ _1\"></span>ttualizzazione <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>tener <span class=\"_\"> </span>conto <span class=\"_ _12\"> </span>della <span class=\"_\"> </span>compon<span class=\"_ _1\"></span>ente <span class=\"_ _12\"> </span>finanziaria <span class=\"_ _12\"> </span>implicitamente <span class=\"_ _12\"> </span>inclusa, utilizzando un tasso pari <span class=\"_ _3\"></span>a circa lo <span class=\"_ _3\"></span>3,7% per <span class=\"_ _3\"></span>il fondo indennit\u00e0 clientela <span class=\"_ _2\"></span>e 2,85% <span class=\"_ _1\"></span>per <span class=\"ls2\">il</span> <span class=\"_ _2\"></span>fondo ver<span class=\"_ _1\"></span>tenze <span class=\"_ _1\"></span>legali <span class=\"ls4\">e </span>del 2,77% per gl<span class=\"_ _1\"></span>i altri fondi<span class=\"_ _1\"></span> ed oneri. L\u2019analisi<span class=\"ff1f\"> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span><span class=\"ff24\">se<span class=\"_ _3\"></span>nsitivity <span class=\"_ _2\"></span><span class=\"ff1f\">sul <span class=\"_ _1\"></span>rischio <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> at<span class=\"_ _1\"></span>tualizzazione, <span class=\"_ _2\"></span>assumendo <span class=\"_ _2\"></span>una <span class=\"_ _1\"></span>variazion<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>parallela <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>+/- <span class=\"_ _3\"></span>0,5% <span class=\"_ _3\"></span>non </span></span></span></span></span>ha evidenziato e<span class=\"_ _1\"></span>ffetti signi<span class=\"_ _1\"></span>ficativi. Le pas<span class=\"_ _3\"></span>sivit\u00e0 per <span class=\"_ _3\"></span>imposte differite, <span class=\"_ _3\"></span>pari ad <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>16<span class=\"_ _3\"></span>3,4 milioni <span class=\"_ _3\"></span>(Euro <span class=\"_ _3\"></span>162,1 milioni <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 202<span class=\"_ _3\"></span>1) sono prevalentemente <span class=\"_ _1\"></span>riconducibili a<span class=\"_ _1\"></span>lla business combina<span class=\"_ _1\"></span>tion del Gruppo R<span class=\"_ _2\"></span>CS<span class=\"_ _1\"></span>.<span class=\"_ _1\"></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=\"_ _2\"></span> Altre<span class=\"_ _2\"></span> pass<span class=\"_ _2\"></span>ivit\u00e0 <span class=\"_ _2\"></span>non co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti La <span class=\"_ _6\"></span>voce <span class=\"_ _7\"></span><span class=\"ff22\">\u201caltre</span> <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span><span class=\"ff22\">correnti\u201d,</span> <span class=\"_ _7\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _7\"></span>1,3 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _6\"></span>1,2 <span class=\"_ _7\"></span>milioni <span class=\"_ _6\"></span><span class=\"ls4\">al</span> <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _12\"> </span>2021), <span class=\"_ _a\"> </span>\u00e8 interamente ricondu<span class=\"_ _1\"></span>cibile al Grupp<span class=\"_ _1\"></span>o RCS e include <span class=\"_ _1\"></span>la quota a lungo <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ermine di debiti d<span class=\"_ _1\"></span>i natura fiscale<span class=\"_ _1\"></span>. 38. De<span class=\"_ _2\"></span>biti<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span>ver<span class=\"_ _2\"></span>si e <span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span> pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _2\"></span>\u00e0 corr<span class=\"_ _2\"></span>enti La voce \u201cdebiti d<span class=\"_ _1\"></span>iversi e altre pa<span class=\"_ _1\"></span>ssivit\u00e0 corren<span class=\"_ _1\"></span>ti\u201d pu\u00f2 es<span class=\"_ _1\"></span>sere cos\u00ec det<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>iata<span class=\"_ _2\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione31<span class=\"_ _2\"></span>/12<span class=\"_ _2\"></span>/20<span class=\"_ _2\"></span>22<span class=\"_ _10a\"> </span>3<span class=\"_ _2\"></span>1/1<span class=\"_ _2\"></span>2/2<span class=\"_ _2\"></span>021V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ioneDebi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rso d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i34<span class=\"_ _2\"></span>,7<span class=\"_ _36\"> </span>40<span class=\"_ _1\"></span>,3<span class=\"_ _7e\"> </span>(5<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)Debi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rso i<span class=\"_ _2\"></span>sti<span class=\"_ _0\"></span>tut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>den<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> si<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>u<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> soci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e17<span class=\"_ _2\"></span>,8<span class=\"_ _36\"> </span>18<span class=\"_ _1\"></span>,3<span class=\"_ _7e\"> </span>(0<span class=\"_ _1\"></span>,5<span class=\"_ _2\"></span>)An<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> su abb<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>amen<span class=\"_ _2\"></span>ti8,<span class=\"_ _2\"></span>4<span class=\"_ _38\"> </span>8,<span class=\"_ _1\"></span>3<span class=\"_ _68\"> </span>0,1Ratei<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi29<span class=\"_ _2\"></span>,6<span class=\"_ _36\"> </span>31<span class=\"_ _1\"></span>,4<span class=\"_ _7e\"> </span>(1<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>ebi<span class=\"_ _0\"></span>ti12<span class=\"_ _2\"></span>,9<span class=\"_ _36\"> </span>11<span class=\"_ _1\"></span>,8<span class=\"_ _68\"> </span>1,<span class=\"_ _1\"></span>1Sa<span class=\"_ _2\"></span>ld<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>le10<span class=\"_ _2\"></span>3,4<span class=\"_ _17e\"> </span>11<span class=\"_ _2\"></span>0,1<span class=\"_ _7e\"> </span>(6<span class=\"_ _2\"></span>,7)La <span class=\"_ _2\"></span>voce, <span class=\"_ _2\"></span>pari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>103,4 <span class=\"_ _2\"></span>milioni,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>presenta <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>decremento<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>6,7 <span class=\"_ _2\"></span><span class=\"ff22\">milioni <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span>all\u2019eser<span class=\"_ _1\"></span>cizio <span class=\"_ _2\"></span>precedente<span class=\"ff1f\"> </span></span>ed <span class=\"_ _2\"></span>include <span class=\"_ _2\"></span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _2\"></span>correnti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>riconducibil<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>RC<span class=\"_ _1\"></span>S <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>73,9 <span class=\"_ _2\"></span>mil<span class=\"_ _1\"></span>ioni. <span class=\"_ _2\"></span><span class=\"ff22\">La <span class=\"_ _2\"></span>variaz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>rispetto <span class=\"_ _0\"></span>all\u2019anno </span>\u00e8 <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ttribuibile <span class=\"_ _3\"></span>principalmen<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>minori <span class=\"_ _3\"></span>debiti <span class=\"_ _3\"></span>verso <span class=\"_ _e\"></span>dip<span class=\"_ _1\"></span>endenti <span class=\"_ _3\"></span>anche <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>effetto <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>piano <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>riorganizzazion<span class=\"_ _1\"></span>e 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=\"_ _2\"></span> Altre<span class=\"_ _2\"></span> pass<span class=\"_ _2\"></span>ivit\u00e0 <span class=\"_ _2\"></span>non co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti La <span class=\"_ _6\"></span>voce <span class=\"_ _7\"></span><span class=\"ff22\">\u201caltre</span> <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>non <span class=\"_ _6\"></span><span class=\"ff22\">correnti\u201d,</span> <span class=\"_ _7\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _7\"></span>1,3 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _6\"></span>1,2 <span class=\"_ _7\"></span>milioni <span class=\"_ _6\"></span><span class=\"ls4\">al</span> <span class=\"_ _7\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _12\"> </span>2021), <span class=\"_ _a\"> </span>\u00e8 interamente ricondu<span class=\"_ _1\"></span>cibile al Grupp<span class=\"_ _1\"></span>o RCS e include <span class=\"_ _1\"></span>la quota a lungo <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>ermine di debiti d<span class=\"_ _1\"></span>i natura fiscale<span class=\"_ _1\"></span>. ",
   "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=\"_ _2\"></span>biti<span class=\"_ _1\"></span> ve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o f<span class=\"_ _2\"></span>ornit<span class=\"_ _1\"></span>ori I <span class=\"_\"> </span>\u201cdebiti <span class=\"_\"> </span>ve<span class=\"_ _1\"></span>rso <span class=\"_\"> </span>forn<span class=\"_ _1\"></span>itori\u201d <span class=\"_\"> </span>ammon<span class=\"_ _1\"></span>tano <span class=\"_\"> </span>a <span class=\"_\"> </span>E<span class=\"_ _1\"></span>uro <span class=\"_\"> </span><span class=\"ff1f\">307,1 <span class=\"_\"> </span>milion<span class=\"_ _1\"></span>i <span class=\"_\"> </span>in <span class=\"_\"> </span>inc<span class=\"_ _1\"></span>remento <span class=\"_\"> </span>di<span class=\"_ _1\"></span> <span class=\"_\"> </span>Euro <span class=\"_\"> </span>8,3 <span class=\"_\"> </span>milion<span class=\"_ _1\"></span>i <span class=\"_\"> </span>rispe<span class=\"_ _1\"></span>tto </span>all\u2019esercizio prec<span class=\"_ _1\"></span>edente.<span class=\"ff1f\"> </span>I debiti <span class=\"ls33\">si</span> riferiscono integralmen<span class=\"_ _1\"></span>te a posizioni corr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<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=\"_ _2\"></span>biti<span class=\"_ _1\"></span> tr<span class=\"_ _2\"></span>ibutar<span class=\"_ _1\"></span>i La<span class=\"ls0\"> voce <span class=\"ff22\">\u201cdebiti</span> <span class=\"ff22\">tributa<span class=\"_ _1\"></span>ri\u201d<span class=\"ff1f\"> <span class=\"ls33\">si</span> compone come seg<span class=\"_ _1\"></span>ue<span class=\"_ _2\"></span>: </span></span></span>De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>cr<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _24e\"> </span>31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2/2<span class=\"_ _3\"></span>02<span class=\"_ _3\"></span>2<span class=\"_ _68\"> </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=\"_ _24f\"> </span>V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ioneDebi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>r i<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>oste c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rren<span class=\"_ _1\"></span>ti<span class=\"_ _1a9\"> </span><span class=\"fc1\">0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1f4\"> </span>1,<span class=\"_ _2\"></span>9<span class=\"_ _15a\"> </span>(1,<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>)</span>Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deb<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> tri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>ut<span class=\"_ _1\"></span>ari<span class=\"_ _cd\"> </span><span class=\"fc1\">22<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _b8\"> </span>18<span class=\"_ _2\"></span>,3<span class=\"_ _7c\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6</span>Sa<span class=\"_ _2\"></span>ld<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>le<span class=\"_ _250\"> </span>23<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _1f8\"> </span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,2<span class=\"_ _6a\"> </span>3<span class=\"_ _3\"></span>,5La <span class=\"_ _e\"></span>voce, <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>3,7 <span class=\"_ _e\"></span>milioni, <span class=\"_ _3\"></span>presenta <span class=\"_ _e\"></span>un <span class=\"_ _e\"></span>incremento <span class=\"_ _3\"></span>rispetto <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span>31 <span class=\"_ _e\"></span>dicem<span class=\"_ _1\"></span>bre <span class=\"_ _e\"></span>2021 <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>3,5 <span class=\"_ _e\"></span>milioni. <span class=\"_ _e\"></span>Tale incremento risu<span class=\"_ _1\"></span>lta attribuib<span class=\"_ _1\"></span>ile al Gruppo R<span class=\"_ _1\"></span>CS cui sono <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>iconducibili deb<span class=\"_ _1\"></span>iti per Eur<span class=\"_ _1\"></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=\"_ _2\"></span>biti<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span>ver<span class=\"_ _2\"></span>si e <span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span> pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _2\"></span>\u00e0 corr<span class=\"_ _2\"></span>enti La voce \u201cdebiti d<span class=\"_ _1\"></span>iversi e altre pa<span class=\"_ _1\"></span>ssivit\u00e0 corren<span class=\"_ _1\"></span>ti\u201d pu\u00f2 es<span class=\"_ _1\"></span>sere cos\u00ec det<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>iata<span class=\"_ _2\"></span>: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione31<span class=\"_ _2\"></span>/12<span class=\"_ _2\"></span>/20<span class=\"_ _2\"></span>22<span class=\"_ _10a\"> </span>3<span class=\"_ _2\"></span>1/1<span class=\"_ _2\"></span>2/2<span class=\"_ _2\"></span>021V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ioneDebi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rso d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i34<span class=\"_ _2\"></span>,7<span class=\"_ _36\"> </span>40<span class=\"_ _1\"></span>,3<span class=\"_ _7e\"> </span>(5<span class=\"_ _1\"></span>,6<span class=\"_ _2\"></span>)Debi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rso i<span class=\"_ _2\"></span>sti<span class=\"_ _0\"></span>tut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>den<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> si<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>u<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> soci<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e17<span class=\"_ _2\"></span>,8<span class=\"_ _36\"> </span>18<span class=\"_ _1\"></span>,3<span class=\"_ _7e\"> </span>(0<span class=\"_ _1\"></span>,5<span class=\"_ _2\"></span>)An<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> su abb<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>amen<span class=\"_ _2\"></span>ti8,<span class=\"_ _2\"></span>4<span class=\"_ _38\"> </span>8,<span class=\"_ _1\"></span>3<span class=\"_ _68\"> </span>0,1Ratei<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> ri<span class=\"_ _2\"></span>sc<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi29<span class=\"_ _2\"></span>,6<span class=\"_ _36\"> </span>31<span class=\"_ _1\"></span>,4<span class=\"_ _7e\"> </span>(1<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)Al<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>ebi<span class=\"_ _0\"></span>ti12<span class=\"_ _2\"></span>,9<span class=\"_ _36\"> </span>11<span class=\"_ _1\"></span>,8<span class=\"_ _68\"> </span>1,<span class=\"_ _1\"></span>1Sa<span class=\"_ _2\"></span>ld<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>le10<span class=\"_ _2\"></span>3,4<span class=\"_ _17e\"> </span>11<span class=\"_ _2\"></span>0,1<span class=\"_ _7e\"> </span>(6<span class=\"_ _2\"></span>,7)La <span class=\"_ _2\"></span>voce, <span class=\"_ _2\"></span>pari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>103,4 <span class=\"_ _2\"></span>milioni,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>presenta <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>decremento<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>6,7 <span class=\"_ _2\"></span><span class=\"ff22\">milioni <span class=\"_ _2\"></span>rispetto <span class=\"_ _2\"></span>all\u2019eser<span class=\"_ _1\"></span>cizio <span class=\"_ _2\"></span>precedente<span class=\"ff1f\"> </span></span>ed <span class=\"_ _2\"></span>include <span class=\"_ _2\"></span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _2\"></span>correnti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>riconducibil<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>RC<span class=\"_ _1\"></span>S <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>73,9 <span class=\"_ _2\"></span>mil<span class=\"_ _1\"></span>ioni. <span class=\"_ _2\"></span><span class=\"ff22\">La <span class=\"_ _2\"></span>variaz<span class=\"_ _1\"></span>ione <span class=\"_ _2\"></span>rispetto <span class=\"_ _0\"></span>all\u2019anno </span>\u00e8 <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ttribuibile <span class=\"_ _3\"></span>principalmen<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>minori <span class=\"_ _3\"></span>debiti <span class=\"_ _3\"></span>verso <span class=\"_ _e\"></span>dip<span class=\"_ _1\"></span>endenti <span class=\"_ _3\"></span>anche <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>effetto <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>piano <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>riorganizzazion<span class=\"_ _1\"></span>e 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=\"_ _2\"></span>mpegni<span class=\"_ _1\"></span>, <span class=\"_ _2\"></span>ris<span class=\"_ _2\"></span>chi e<span class=\"_ _1\"></span>d a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>inf<span class=\"_ _2\"></span>ormaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i La <span class=\"_ _a\"> </span>societ\u00e0 <span class=\"_ _12\"> </span>controllata <span class=\"_ _a\"> </span>Cairo <span class=\"_ _a\"> </span>Network <span class=\"_ _12\"> </span>S.r<span class=\"_ _1\"></span>.l. <span class=\"_ _12\"> </span>n<span class=\"_ _1\"></span>el <span class=\"_ _a\"> </span>corso <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>2014 <span class=\"_ _12\"> </span>ha <span class=\"_ _a\"> </span>partecipato <span class=\"_ _a\"> </span>alla <span class=\"_ _12\"> </span>procedu<span class=\"_ _1\"></span>ra <span class=\"_ _a\"> </span>indetta <span class=\"_ _12\"> </span>dal Ministero dello <span class=\"_ _e\"></span>Svi<span class=\"_ _1\"></span>luppo <span class=\"_ _3\"></span>Economico<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>l\u2019assegnazione dei <span class=\"_ _3\"></span>diritti <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>frequen<span class=\"_ _3\"></span><span class=\"ff1f\">ze <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>banda <span class=\"_ _3\"></span>televisiva per </span>sistemi <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>radiodiffusione <span class=\"_ _3\"></span>digitale <span class=\"_ _e\"></span>terrestre, <span class=\"_ _e\"></span>presentando <span class=\"_ _16\"> </span><span class=\"ls2\">la</span> <span class=\"_\"> </span>propria<span class=\"_ _1\"></span> <span class=\"_\"> </span>offe<span class=\"_ _1\"></span>rta <span class=\"_\"> </span>vinc<span class=\"_ _1\"></span>olante <span class=\"_ _12\"> </span><span class=\"ls4\">ed</span> <span class=\"_\"> </span>aggiudicando<span class=\"_ _1\"></span>si <span class=\"_ _12\"> </span>i diritti <span class=\"_ _a\"> </span><span class=\"ff22\">d\u2019uso</span> <span class=\"_ _a\"> </span>- <span class=\"_ _a\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span><span class=\"ls2\">la</span> <span class=\"_ _a\"> </span>durata <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span><span class=\"ls6\">20<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>an<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>- <span class=\"_ _3\"></span><span class=\"ff22\">di <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>lotto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>frequenze <span class=\"_ _3\"></span>(\u201cMux\u201d). <span class=\"_ _3\"></span>Nel mese <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>gennaio <span class=\"_ _3\"></span>2015 <span class=\"_ _3\"></span>Cairo </span>Network <span class=\"_ _3\"></span>ha <span class=\"_ _e\"></span>quind<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>sottoscritto <span class=\"_ _e\"></span>con <span class=\"_ _3\"></span>EI <span class=\"_ _3\"></span>Towers <span class=\"_ _e\"></span>S.p.A. (\u201cEIT\u201d) <span class=\"_ _e\"></span>gli <span class=\"_ _3\"></span>accordi <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>realizzazione <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>successiva gestione <span class=\"_ _5\"> </span>t<span class=\"_ _3\"></span>ecnica <span class=\"_ _5\"> </span>pl<span class=\"_ _3\"></span>urienn<span class=\"_ _1\"></span>ale <span class=\"_ _15\"> </span>in <span class=\"_ _5\"> </span>modalit\u00e0 <span class=\"_ _15\"> </span>full <span class=\"_ _15\"> </span>se<span class=\"_ _1\"></span>rvice <span class=\"_ _15\"> </span>(ospitalit\u00e0, <span class=\"_ _15\"> </span>assist<span class=\"_ _1\"></span>enza <span class=\"_ _5\"> </span>e <span class=\"_ _15\"> </span>manutenzione, <span class=\"_ _15\"> </span>utilizz<span class=\"_ _1\"></span>o dell\u2019infrastrut<span class=\"_ _1\"></span>tura<span class=\"ff1f\"> di trasmissione, ecc.) <span class=\"_ _1\"></span>del Mux. Gli a<span class=\"_ _1\"></span>ccordi, come r<span class=\"_ _1\"></span>ivisti nel mes<span class=\"_ _1\"></span>e di <span class=\"_ _e\"></span>marzo <span class=\"_ _e\"></span>2018 <span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _e\"></span>termini </span>nel complesso <span class=\"_ _1\"></span>migliorativi per Ca<span class=\"_ _1\"></span>iro Netwo<span class=\"_ _1\"></span>rk, prevedono tra l\u2019a<span class=\"_ _1\"></span>ltro:<span class=\"ff1f\"> </span><span class=\"ff1f fs7 fc0\">una fase transito<span class=\"_ _1\"></span>ria, completata <span class=\"_ _1\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"ls6\">31</span> dicembre 2017, <span class=\"_ _1\"></span>nel corso del<span class=\"_ _1\"></span>la quale rea<span class=\"_ _1\"></span>lizzare <span class=\"_ _1\"></span><span class=\"ls2\">la<span class=\"ls0\"> messa <span class=\"_ _e\"></span>in <span class=\"_ _11\"></span>esercizio <span class=\"_ _e\"></span>del </span></span></span></span></span>Mux e una fase a r<span class=\"_ _1\"></span>egime di eserci<span class=\"_ _1\"></span>zio del Mux d<span class=\"_ _1\"></span>ella durata di 17 <span class=\"_ _1\"></span>anni (dal 2<span class=\"_ _1\"></span>018 al 2034)<span class=\"_ _1\"></span>; <span class=\"ff1f fs7 fc0 ls2\">la<span class=\"ls0\"> facolt\u00e0 di <span class=\"_ _1\"></span>recesso libero da pa<span class=\"_ _1\"></span>rte di Cairo Network<span class=\"_ _1\"></span> a partire dal 1\u00b0 genna<span class=\"_ _1\"></span>io <span class=\"ls1\">2025;</span> </span></span><span class=\"ff1f fs7 fc0\">copertura garantita al<span class=\"_ _1\"></span>meno pari al <span class=\"_ _1\"></span>94% della popo<span class=\"_ _1\"></span>lazione, all<span class=\"_ _1\"></span>ineata ai Mux n<span class=\"_ _1\"></span>azionali a <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>aggior copertura<span class=\"_ _1\"></span>; </span><span class=\"ff1f fs7 fc0\">corrispettivi a favore d<span class=\"_ _1\"></span>i E<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>T:<span class=\"_ _2\"></span> </span>\u2022<span class=\"ff28 sc0\"> <span class=\"_ _148\"> </span><span class=\"ff1f fc0\">per la fase di rea<span class=\"_ _1\"></span>lizzazione <span class=\"_ _1\"></span>della rete (2015-<span class=\"ff22\">2017) <span class=\"_ _1\"></span>pari a Euro 11,5 <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ilioni comple<span class=\"_ _1\"></span>ssivi per l\u2019int<span class=\"_ _1\"></span>ero </span></span></span>triennio; \u2022<span class=\"ff28 sc0\"> <span class=\"_ _148\"> </span><span class=\"ff1f fc0\">a regime (a <span class=\"ff22\">partire dal<span class=\"_ _1\"></span>l\u2019anno 2018)<span class=\"ff1f\"> par<span class=\"_ _1\"></span>i a Euro 16 milioni an<span class=\"_ _2\"></span>nui,<span class=\"_ _1\"></span> </span></span></span></span><span class=\"ff1f fs7 fc0\">tali importi sono comp<span class=\"_ _1\"></span>rensivi del corr<span class=\"_ _1\"></span>ispettivo pe<span class=\"_ _1\"></span>r la messa a dispos<span class=\"_ _1\"></span>izione dei trasmettitori; </span><span class=\"ff1f fs7 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=\"_ _3\"></span>favore <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Cairo <span class=\"_ _3\"></span>Network, <span class=\"_ _3\"></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=\"_ _e\"></span>e un <span class=\"_ _3\"></span>massimo <span class=\"_ _3\"></span>di </span>Euro 6 m<span class=\"_ _1\"></span>ilioni neg<span class=\"_ _1\"></span>li anni <span class=\"_ _1\"></span>2018-2022, <span class=\"_ _1\"></span>che si <span class=\"_ _1\"></span>riduce <span class=\"_ _1\"></span>a E<span class=\"_ _1\"></span>uro 5,5 <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ilioni negl<span class=\"_ _1\"></span>i anni <span class=\"_ _1\"></span>2023-2027 e <span class=\"_ _2\"></span>a Euro 5 m<span class=\"_ _1\"></span>ilioni dal <span class=\"_ _7\"></span>2028 <span class=\"_ _7\"></span>e <span class=\"_ _a\"> </span>fino <span class=\"_ _6\"></span>a <span class=\"_ _a\"> </span>scadenza, <span class=\"_ _7\"> </span>nell\u2019eventual<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _7\"> </span>in <span class=\"_ _7\"> </span>cui <span class=\"_ _7\"> </span>la <span class=\"_ _a\"> </span>banda <span class=\"_ _6\"> </span>di<span class=\"_ _3\"></span>sponibile<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>sul <span class=\"_ _7\"> </span>Mux <span class=\"_ _a\"> </span>non<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>fosse <span class=\"_ _a\"> </span>inte<span class=\"_ _1\"></span>gralment<span class=\"_ _1\"></span>e sfruttata da Cair<span class=\"_ _1\"></span>o Network. Nella Legge di Bilancio 2018 (l. n. 205 del 2017, come successivament<span class=\"_ _1\"></span>e integrata e modificata dalla l. n. 145 d<span class=\"ff22\">el <span class=\"_ _e\"></span>2019), <span class=\"_ _3\"></span>all\u2019art. <span class=\"_ _e\"></span>1, <span class=\"_ _3\"></span>co. <span class=\"_ _e\"></span>1026 <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>ss., <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>ate <span class=\"_ _3\"></span>introdotte <span class=\"_ _e\"></span>specifich<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>previsioni <span class=\"_ _3\"></span>volte <span class=\"_ _e\"></span>al <span class=\"_ _3\"></span>rilascio <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>parte <span class=\"_ _3\"></span>degli </span>operatori <span class=\"_ _4\"> </span>televisivi<span class=\"_ _1\"></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=\"_ _f\"> </span>della <span class=\"_ _4\"> </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=\"_ _f\"> </span>\u201cbanda <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 alla <span class=\"_ _3\"></span>conseguente riorganizzazione<span class=\"_ _1\"></span> dei diritti d\u2019uso deg<span class=\"_ _1\"></span>li opera<span class=\"_ _1\"></span>tori televisivi <span class=\"_ _1\"></span>esistenti sul r<span class=\"_ _1\"></span>imanente spe<span class=\"_ _1\"></span>ttro televisivo (<span class=\"_ _1\"></span>\u201crefarming\u201d). <span class=\"ff1f\"> </span>In particolare, ne<span class=\"_ _1\"></span>lla Legge di Bi<span class=\"_ _1\"></span>lancio 2018 \u00e8, <span class=\"_ _1\"></span>tra l\u2019altr<span class=\"_ _1\"></span>o, previsto che: <span class=\"ff1f\"> </span>a) <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>frequenze<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>della <span class=\"_ _3\"></span>banda <span class=\"_ _e\"></span>700 <span class=\"_ _3\"></span>devono <span class=\"_ _e\"></span>essere <span class=\"_ _e\"></span>comple<span class=\"_ _1\"></span>tamente <span class=\"_ _3\"></span>rilasciate <span class=\"_ _e\"></span>dagli <span class=\"_ _3\"></span>operatori <span class=\"_ _e\"></span>televis<span class=\"_ _1\"></span>ivi <span class=\"_ _e\"></span>entro <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>30 giugno 2022; <span class=\"_ _1\"></span> b) i mux di f<span class=\"_ _1\"></span>requenze nazio<span class=\"_ _1\"></span>nali adottino<span class=\"_ _1\"></span> lo standard d<span class=\"_ _1\"></span>igitale te<span class=\"_ _1\"></span>rrestre DV<span class=\"_ _1\"></span>B-T2, introducendo una conve<span class=\"_ _1\"></span>rsione transitoria <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>diritti <span class=\"_ _e\"></span>d'uso <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>mux <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>frequenze <span class=\"_ _e\"></span>nazionali <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>diritti <span class=\"_ _e\"></span>d'uso <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>capacit\u00e0 <span class=\"_ _e\"></span>trasmissiva, <span class=\"_ _e\"></span>ai <span class=\"_ _e\"></span>fini <span class=\"_ _e\"></span>della successiva riasse<span class=\"_ _1\"></span>gnazione;  c) <span class=\"_ _1\"></span>l\u2019assegnazione<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>diritti <span class=\"_ _2\"></span>d\u2019uso (i<span class=\"_ _1\"></span>n en<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>it\u00e0 <span class=\"_ _2\"></span>equivalente <span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>due mux) <span class=\"_ _2\"></span>non de<span class=\"_ _1\"></span>rivanti <span class=\"_ _2\"></span>dalla sudde<span class=\"_ _1\"></span>tta <span class=\"_ _1\"></span>conversione <span class=\"_ _2\"></span>dei diritti d\u2019uso orig<span class=\"_ _1\"></span>inari s<span class=\"ff1f\">ono assegnat<span class=\"_ _1\"></span>i mediante p<span class=\"_ _1\"></span>rocedura on<span class=\"_ _1\"></span>erosa.  </span>In <span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>tuazione <span class=\"_ _3\"></span>della <span class=\"_ _e\"></span>predetta<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>legge, <span class=\"_ _3\"></span>l\u2019Agcom <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>Mise <span class=\"_ _3\"></span>hanno <span class=\"_ _e\"></span>adottato <span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>provvedi<span class=\"_ _1\"></span>menti <span class=\"_ _3\"></span>conseguenti <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>ito <span class=\"_ _3\"></span>ai quali a <span class=\"_ _3\"></span>Cairo <span class=\"_ _3\"></span>Netwo<span class=\"_ _1\"></span>rk \u00e8 <span class=\"_ _3\"></span>stato assegnato un <span class=\"_ _3\"></span>diritto d\u2019uso se<span class=\"_ _3\"></span>nza specificazione delle frequenze, corrispon<span class=\"_ _3\"></span><span class=\"ff1f\">dente </span>alla met\u00e0 di un <span class=\"_ _1\"></span>mux (nel 20<span class=\"_ _1\"></span>19).  Inoltre, <span class=\"_\"> </span>al <span class=\"_\"> </span>termine <span class=\"_\"> </span>de<span class=\"_ _1\"></span>lla <span class=\"_\"> </span>procedura <span class=\"_\"> </span>onerosa, <span class=\"_\"> </span>vo<span class=\"_ _1\"></span>lta <span class=\"_\"> </span>all\u2019assegnaz<span class=\"_ _1\"></span>ione <span class=\"_\"> </span>dei <span class=\"_\"> </span>diritti <span class=\"_ _12\"> </span>d\u2019uso <span class=\"_\"> </span>non <span class=\"_\"> </span>derivanti <span class=\"_\"> </span>dalla conversione <span class=\"_ _2\"></span>dei <span class=\"_ _0\"></span>diritti <span class=\"_ _2\"></span>d\u2019uso <span class=\"_ _2\"></span>attuali, <span class=\"_ _0\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Mise, <span class=\"_ _0\"></span>con <span class=\"_ _2\"></span>determina <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>2 <span class=\"_ _0\"></span>luglio <span class=\"_ _2\"></span>2021, <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>comunica<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>Cair<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>Networ<span class=\"ff1f ls6\">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 alla <span class=\"_ _3\"></span>met\u00e0 <span class=\"_ _3\"></span>di un <span class=\"_ _2\"></span>multiplex <span class=\"_ _2\"></span>nazionale <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>nuova <span class=\"_ _2\"></span>pianif<span class=\"_ _1\"></span>icazione <span class=\"_ _2\"></span>e, <span class=\"_ _2\"></span>successivam<span class=\"_ _1\"></span>ente, <span class=\"_ _2\"></span>Cairo <span class=\"_ _2\"></span>Network,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>proceduto <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>pagamento<span class=\"_ _1\"></span> di met\u00e0 <span class=\"_ _3\"></span>dell\u2019importo offerto in s<span class=\"_ _3\"></span><span class=\"ff1f\">ede di <span class=\"_ _3\"></span>gara (con <span class=\"_ _3\"></span>riserva) e <span class=\"_ _3\"></span>ha chiesto l<span class=\"_ _3\"></span>a prevista rateizzazione del residuo (in </span>tre <span class=\"_ _6\"> </span>rate <span class=\"_ _7\"> </span>annuali). <span class=\"_ _6\"></span>In <span class=\"_ _6\"> </span>data <span class=\"_ _7\"> </span>6 <span class=\"_ _6\"> </span>agosto <span class=\"_ _7\"> </span>2021 <span class=\"_ _6\"> </span>il <span class=\"_ _7\"> </span>Mise <span class=\"_ _6\"> </span>per <span class=\"_ _7\"> </span>effetto <span class=\"_ _6\"> </span>della <span class=\"_ _6\"> </span>combinazione <span class=\"_ _6\"></span>dei <span class=\"_ _7\"> </span>due <span class=\"_ _6\"> </span>diritti <span class=\"_ _6\"> </span>d\u2019uso <span class=\"_ _7\"> </span>senza specificazione <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>frequenze <span class=\"_ _11\"></span>ha <span class=\"_ _6\"></span>qui<span class=\"_ _3\"></span>ndi <span class=\"_ _11\"></span>comunicato <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>provvedimento <span class=\"_ _11\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _6\"> </span>assegnazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"></span>d\u2019uso <span class=\"_ _11\"></span>delle frequenze ai fini de<span class=\"_ _1\"></span>ll\u2019esercizio dell<span class=\"_ _1\"></span>a rete naziona<span class=\"_ _1\"></span>le del PNAF denom<span class=\"_ _1\"></span>inata \u201cRete nazion<span class=\"_ _1\"></span>ale n. 10\u201d fino al 203<span class=\"_ _1\"></span>2 (durata di due an<span class=\"_ _1\"></span>ni inferiore rispe<span class=\"_ _1\"></span>tto a quella de<span class=\"_ _1\"></span>l diritto ori<span class=\"_ _1\"></span>ginariamente a<span class=\"_ _1\"></span>cquistato nel 2<span class=\"_ _1\"></span>014).  Cairo <span class=\"_ _7\"></span>Network <span class=\"_ _7\"> </span>\u00e8 <span class=\"_ _7\"> </span>stata <span class=\"_ _a\"> </span>udita <span class=\"_ _7\"> </span>nell\u2019amb<span class=\"_ _1\"></span>ito <span class=\"_ _7\"> </span>dei <span class=\"_ _7\"> </span>vari <span class=\"_ _7\"> </span>pr<span class=\"_ _3\"></span>ocediment<span class=\"_ _1\"></span>i <span class=\"_ _7\"> </span>e <span class=\"_ _a\"> </span>ha <span class=\"_ _7\"> </span>partecipa<span class=\"_ _1\"></span>to <span class=\"_ _7\"> </span>alle <span class=\"_ _7\"> </span>relative <span class=\"_ _7\"> </span>consultazioni pubbliche, <span class=\"_ _2\"></span>evidenziando <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>considerazioni <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>carattere <span class=\"_ _2\"></span>giuridico <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>tecnico <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>depongono <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>l\u2019esclusio<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span>della Societ\u00e0 <span class=\"_ _2\"></span>dall\u2019applicazione <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>Legge <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>Bila<span class=\"_ _3\"></span><span class=\"ff1f\">ncio <span class=\"_ _2\"></span>(e, <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>particolare, <span class=\"_ _1\"></span>dal <span class=\"_ _2\"></span>procedimento <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>conversione d<span class=\"_ _2\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>diritto </span>d\u2019uso originario e d<span class=\"_ _1\"></span>i assegnazione de<span class=\"_ _1\"></span>i diritti d\u2019uso <span class=\"_ _1\"></span>di nuova pian<span class=\"_ _1\"></span>ificazione), al<span class=\"_ _1\"></span>legando anche docum<span class=\"_ _1\"></span>entazion<span class=\"_ _1\"></span>e a supporto.  Cairo <span class=\"_ _e\"></span>Network <span class=\"_ _e\"></span>ha <span class=\"_ _11\"></span>poi <span class=\"_ _e\"></span>impugnato <span class=\"_ _e\"></span>anche <span class=\"_ _e\"></span>le <span class=\"_ _11\"></span>delibere <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>i <span class=\"_ _11\"></span>provvedimen<span class=\"ff22\">ti <span class=\"_ _11\"></span>dell\u2019Agcom <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>del <span class=\"_ _11\"></span>Mise, <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>attuazione </span>della <span class=\"_ _e\"></span>Legge <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>Bilancio, <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>r<span class=\"_ _3\"></span>icorsi <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span>Tar <span class=\"_ _e\"></span>Lazio, <span class=\"_ _11\"></span>Roma, <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>successivi <span class=\"_ _e\"></span>motivi <span class=\"_ _11\"></span>aggiunti <span class=\"_ _e\"></span>(r.g. <span class=\"_ _e\"></span>n. <span class=\"_ _11\"></span>6740/2018, <span class=\"_ _e\"></span>n. 7017/18, <span class=\"_ _3\"></span>n. <span class=\"_ _e\"></span>440/2021 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>6040/2021), <span class=\"_ _3\"></span>con <span class=\"_ _e\"></span>cui <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>stati <span class=\"_ _3\"></span>dedotti <span class=\"_ _e\"></span>anche <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>giudice <span class=\"_ _3\"></span>amministrativo <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _e\"></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=\"_ _1\"></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>provvedim<span class=\"_ _1\"></span>enti impugnati.   <span class=\"_ _1\"></span> Il TAR Lazio, con sentenze pubblicat<span class=\"_ _1\"></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 di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>annullamento, sia <span class=\"_ _3\"></span>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. n. <span class=\"_ _3\"></span>4335 e <span class=\"_ _3\"></span>n. <span class=\"_ _3\"></span>4334, le cui udienze di d<span class=\"_ _1\"></span>iscussione s<span class=\"_ _1\"></span>ono fissate per <span class=\"_ _1\"></span>l\u20198 giugno 2023). <span class=\"ff1f\"> </span>Da <span class=\"_ _7\"></span>ultimo, <span class=\"_ _7\"></span>il <span class=\"_ _a\"></span>MISE<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>ha <span class=\"_ _a\"></span>pubbli<span class=\"_ _1\"></span>cato <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>data <span class=\"_ _7\"></span>8 <span class=\"_ _a\"></span>febbra<span class=\"_ _1\"></span>io <span class=\"_ _7\"></span>2022 <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>decreto <span class=\"_ _7\"></span>relativo <span class=\"_ _a\"></span>a<span class=\"_ _1\"></span>lle <span class=\"_ _7\"></span>misure <span class=\"_ _7\"></span>compensative <span class=\"_ _7\"></span>a beneficio deg<span class=\"_ _1\"></span>li operato<span class=\"_ _1\"></span>ri di <span class=\"_ _2\"></span>rete per i cos<span class=\"_ _1\"></span>ti sos<span class=\"_ _1\"></span>tenuti per<span class=\"_ _1\"></span> la pre<span class=\"_ _1\"></span>disposizione <span class=\"_ _1\"></span>di i<span class=\"_ _1\"></span>mpianti d<span class=\"_ _1\"></span>i tras<span class=\"_ _1\"></span>missione <span class=\"_ _1\"></span>idonei a garantire <span class=\"_ _1\"></span>lo standa<span class=\"_ _1\"></span>rd d<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>smissione T2<span class=\"_ _1\"></span>, che <span class=\"_ _2\"></span>Cairo Network <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>impugnato <span class=\"_ _2\"></span>con ricorso <span class=\"_ _1\"></span>al T<span class=\"_ _1\"></span>ar, pend<span class=\"_ _1\"></span>ente (<span class=\"_ _1\"></span>r.g. n<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span> 4515/2022).  Cairo <span class=\"_ _3\"></span>Network <span class=\"_ _3\"></span> \u00e8 <span class=\"_ _e\"></span>in <span class=\"_ _3\"></span>procin<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>avviare azioni, <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>caratte<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>giudiziale <span class=\"_ _3\"></span>(e <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>aggi<span class=\"_ _3\"></span>unta <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>contenziosi <span class=\"_ _3\"></span>gi\u00e0 promossi), <span class=\"_ _3\"></span>volte <span class=\"_ _e\"></span>a <span class=\"_ _3\"></span>ottenere <span class=\"_ _e\"></span>il <span class=\"_ _3\"></span>risarcimento <span class=\"_ _e\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>danni <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>pregiudizi <span class=\"_ _3\"></span>subiti <span class=\"_ _e\"></span>(i) <span class=\"_ _e\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>pagamento<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>richies<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>per<span class=\"_ _3\"></span> riot<span class=\"ff22\">tenere <span class=\"_ _2\"></span>la tito<span class=\"_ _1\"></span>larit\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>un <span class=\"_ _2\"></span>diritto d<span class=\"_ _2\"></span>\u2019<span class=\"_ _3\"></span>uso <span class=\"_ _2\"></span>di frequenze<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>Cairo avev<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>gi\u00e0 <span class=\"_ _1\"></span>paga<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>esito alla<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>procedura <span class=\"_ _2\"></span>di gar<span class=\"_ _1\"></span>a </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>diversa <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>nuovo <span class=\"_ _3\"></span>diritto <span class=\"_ _3\"></span>d\u2019uso e <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>ii) <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>perdita <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>occasioni commerciali <span class=\"_ _3\"></span>subita negli <span class=\"_ _12\"> </span>ultimi <span class=\"_ _12\"> </span>anni <span class=\"_\"> </span> per <span class=\"_ _12\"> </span>effetto <span class=\"_ _12\"> </span>dell\u2019incertezza <span class=\"_ _12\"> </span>generat<span class=\"_ _1\"></span>a <span class=\"_\"> </span>da<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>la <span class=\"_ _12\"> </span>procedura <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>re<span class=\"_ _1\"></span>farming, <span class=\"_ _12\"> </span>iv) <span class=\"_\"> </span>p<span class=\"_ _2\"></span>er <span class=\"_\"> </span>essere <span class=\"_ _12\"> </span>stato discriminato <span class=\"_ _3\"></span>(sostanzialmente <span class=\"_ _e\"></span>unico <span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ra <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>operatori <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>rete) <span class=\"_ _e\"></span>dalle <span class=\"_ _e\"></span>misure <span class=\"_ _e\"></span>compensa<span class=\"_ _1\"></span>tive <span class=\"_ _e\"></span>previste <span class=\"_ _e\"></span>dal <span class=\"_ _3\"></span>decreto del Mise del 17 n<span class=\"_ _1\"></span>ovembre 2021 e pu<span class=\"_ _2\"></span>bblicato l\u20198 febbraio 2022.<span class=\"ff1f\"> </span>Allo <span class=\"_ _3\"></span>s<span class=\"ff22\">tato, non <span class=\"_ _3\"></span>\u00e8 ancora <span class=\"_ _3\"></span>possibile prevedere con <span class=\"_ _3\"></span>certezza l'effetto l<span class=\"_ _3\"></span>\u2019esito dei gi<span class=\"_ _3\"></span>udizi di <span class=\"_ _3\"></span>impugnazione al TAR </span>e al Consiglio d<span class=\"_ _1\"></span>i Stato e di quel<span class=\"_ _1\"></span>li che potranno <span class=\"_ _1\"></span>essere nel f<span class=\"_ _1\"></span>uturo intrap<span class=\"_ _1\"></span>resi Con <span class=\"_ _e\"></span>riferimento <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>contenzioso <span class=\"_ _e\"></span>relat<span class=\"_ _1\"></span>ivo <span class=\"_ _e\"></span>alla <span class=\"_ _e\"></span>operazion<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>compravend<span class=\"_ _1\"></span>ita <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>complesso <span class=\"_ _e\"></span>immobiliare <span class=\"_ _3\"></span>di <span class=\"_ _e\"></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=\"_ _1\"></span>zan <span class=\"_\"> </span>3 <span class=\"_\"> </span>realizzata <span class=\"_\"> </span>nel <span class=\"_\"> </span>201<span class=\"_ _1\"></span>3, <span class=\"_\"> </span>descritto <span class=\"_\"> </span>nel<span class=\"_ _1\"></span>la <span class=\"_\"> </span>Nota <span class=\"_\"> </span>39 <span class=\"_\"> </span>al <span class=\"_\"> </span>bilancio consolidato <span class=\"_ _e\"></span>nella <span class=\"_ _3\"></span>relazione <span class=\"_ _e\"></span>finanziaria<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>annuale <span class=\"_ _e\"></span>2021, <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>15 <span class=\"_ _e\"></span>luglio <span class=\"_ _e\"></span>RCS, <span class=\"_ _3\"></span>Kryalos <span class=\"_ _e\"></span>SGR <span class=\"_ _e\"></span>S.p.A. <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>nome <span class=\"_ _e\"></span>e per <span class=\"_ _e\"></span>conto <span class=\"_ _11\"></span>del <span class=\"_ _e\"></span>Fondo <span class=\"_ _e\"></span>Delphine <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>Blackstone <span class=\"_ _e\"></span>(e <span class=\"_ _e\"></span>tutte <span class=\"_ _e\"></span>le <span class=\"_ _11\"></span>entit\u00e0 <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>gr<span class=\"_ _3\"></span>uppo <span class=\"_ _e\"></span>Blackstone <span class=\"_ _e\"></span>attrici <span class=\"_ _e\"></span>nei <span class=\"_ _e\"></span>procedimenti<span class=\"_ _1\"></span> intentati a <span class=\"_ _3\"></span>New <span class=\"_ _3\"></span>York) hanno <span class=\"_ _3\"></span>definito <span class=\"_ _3\"></span>transattivament<span class=\"_ _1\"></span>e l<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>controversie. L\u2019accordo raggiunto ha <span class=\"_ _3\"></span>comportato <span class=\"_ _3\"></span>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 negli <span class=\"_ _e\"></span>Sta<span class=\"_ _1\"></span>ti <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, la <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>eciproca rinuncia <span class=\"_ _2\"></span>a ogni<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>pretesa, <span class=\"_ _2\"></span>azione, <span class=\"_ _1\"></span>danno <span class=\"_ _2\"></span>in r<span class=\"_ _1\"></span>elazione <span class=\"_ _2\"></span>alla c<span class=\"_ _2\"></span>om<span class=\"_ _3\"></span>pravendita<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>2013 <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>alle <span class=\"_ _2\"></span>azioni <span class=\"_ _1\"></span>intraprese<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>da <span class=\"_ _2\"></span>RCS in <span class=\"_ _3\"></span>relazione <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>essa.  <span class=\"_ _e\"></span>RCS ha <span class=\"_ _e\"></span>corrispos<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contributo <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>euro <span class=\"_ _3\"></span>10 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>alle <span class=\"_ _e\"></span>spes<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>sostenute <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>controparte. Inoltre, <span class=\"_ _a\"> </span>RCS <span class=\"_ _7\"> </span>ha <span class=\"_ _a\"> </span>acquistato<span class=\"_ _1\"></span>, <span class=\"_ _a\"> </span>al <span class=\"_ _7\"> </span>prezzo <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>euro <span class=\"_ _7\"> </span>59,9 <span class=\"_ _a\"> </span>milioni, <span class=\"_ _7\"> </span>l\u2019immobile <span class=\"_ _7\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>V<span class=\"_ _1\"></span>ia <span class=\"_ _7\"> </span>Solf<span class=\"_ _3\"></span>erino, <span class=\"_ _7\"> </span>sede <span class=\"_ _a\"> </span>storica <span class=\"_ _7\"> </span>del Corriere <span class=\"_ _12\"> </span>della <span class=\"_ _a\"> </span>Sera <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>parte <span class=\"_ _a\"> </span>del <span class=\"_ _12\"> </span>complesso <span class=\"_ _12\"> </span>im<span class=\"_ _1\"></span>mobiliare. <span class=\"_ _12\"> </span>Co<span class=\"_ _1\"></span>ntestualmen<span class=\"_ _1\"></span>te <span class=\"_ _12\"> </span>alla <span class=\"_ _a\"> </span>sottoscrizi<span class=\"_ _3\"></span>one <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>relativo contratto <span class=\"_ _6\"></span>preliminare <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>compravendita <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>mmobiliare, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _7\"></span>15 <span class=\"_ _6\"></span>luglio <span class=\"_ _7\"></span>2022 <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>ha <span class=\"_ _7\"></span>versato <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>Kryalos <span class=\"_ _6\"></span>un acconto <span class=\"_ _3\"></span>prezzo <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _e\"></span>10 <span class=\"_ _3\"></span>milioni. <span class=\"_ _3\"></span>L\u2019acquisto <span class=\"_ _3\"></span>dell\u2019immobile <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>stato <span class=\"_ _3\"></span>finalizzato <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span>19 <span class=\"_ _3\"></span>ottobre <span class=\"_ _e\"></span>2022, <span class=\"_ _3\"></span>con contestuale pag<span class=\"_ _1\"></span>amento del <span class=\"_ _1\"></span>saldo prezzo per eur<span class=\"_ _1\"></span>o 49,9 milioni. Con rife<span class=\"_ _1\"></span>rimento <span class=\"_ _1\"></span>agli <span class=\"_ _1\"></span>eventi <span class=\"_ _2\"></span>di RCS Sp<span class=\"_ _1\"></span>ort, <span class=\"_ _1\"></span>la re<span class=\"_ _1\"></span>lazione f<span class=\"_ _1\"></span>inanziaria annua<span class=\"_ _1\"></span>le 2022 <span class=\"_ _2\"></span>di RC<span class=\"_ _1\"></span>S, riman<span class=\"_ _1\"></span>dando a <span class=\"_ _2\"></span> quanto descritto <span class=\"_ _a\"> </span>nelle <span class=\"_ _a\"> </span>precedent<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>relazioni <span class=\"_ _a\"> </span>finanziarie <span class=\"_ _a\"></span>ann<span class=\"_ _1\"></span>uali <span class=\"_ _a\"> </span>pubblicate <span class=\"_ _a\"></span>negli <span class=\"_ _a\"></span>anni <span class=\"_ _7\"></span>dal <span class=\"_ _a\"> </span>31 <span class=\"_ _a\"> </span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _a\"> </span>2013 <span class=\"_ _a\"> </span>al <span class=\"_ _a\"> </span>31 dicembre <span class=\"_ _2\"></span>2021 <span class=\"_ _2\"></span>e n<span class=\"_ _1\"></span>ella <span class=\"_ _2\"></span>relazione <span class=\"_ _2\"></span>finanziaria <span class=\"_ _2\"></span><span class=\"ls49\">se<span class=\"_ _3\"></span><span class=\"ls0\">mestrale <span class=\"_ _2\"></span>2022, <span class=\"_ _2\"></span>riporta <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>quel <span class=\"_ _2\"></span>che <span class=\"_ _1\"></span>concerne <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>procedimento </span></span>penale <span class=\"_ _6\"></span>instaurato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>dell\u2019atto <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>querela <span class=\"_ _6\"></span>depositato <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>Sport <span class=\"_ _6\"></span>in <span class=\"_ _6\"> </span>data <span class=\"_ _6\"> </span>10 <span class=\"_ _6\"> </span>ottobre <span class=\"_ _6\"> </span>2013<span class=\"_ _e\"></span><span class=\"ff1f\">, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Corte </span>d\u2019<span class=\"ff1f\">A</span>ppello d<span class=\"_ _1\"></span>i Mi<span class=\"_ _1\"></span>lano all\u2019ud<span class=\"_ _1\"></span>ienza d<span class=\"_ _1\"></span>el 9 <span class=\"_ _1\"></span>luglio 2<span class=\"_ _1\"></span>021<span class=\"ff1f\"> aveva <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ideterminato <span class=\"_ _2\"></span>la pena in <span class=\"_ _1\"></span>anni 2 e <span class=\"_ _1\"></span>6 <span class=\"_ _1\"></span>mesi d<span class=\"_ _1\"></span>i rec<span class=\"_ _1\"></span>lusione </span>ed <span class=\"_ _3\"></span>Euro 600 di<span class=\"_ _3\"></span> multa <span class=\"_ _3\"></span>e <span class=\"ff22\">confermato la <span class=\"_ _3\"></span>sentenza di <span class=\"_ _3\"></span>condanna dell\u2019ex dipendente al r<span class=\"_ _3\"></span>isarcimento dei danni. <span class=\"_ _e\"></span></span>Nel corso de<span class=\"_ _1\"></span>ll\u2019esercizio <span class=\"_ _1\"></span>2022 l<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Cassazione <span class=\"_ _1\"></span>ha dic<span class=\"_ _1\"></span>hiarato <span class=\"_ _2\"></span>inammissibile il <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>icorso p<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>oposto <span class=\"_ _1\"></span>dell\u2019ex d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>pendente e <span class=\"_ _2\"></span>la sentenza \u00e8 passata <span class=\"_ _1\"></span>in giudicato. Con <span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>ferimento <span class=\"_ _2\"></span>al <span class=\"_ _1\"></span>contratto<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di comprave<span class=\"_ _1\"></span>ndita <span class=\"_ _2\"></span>di RCS <span class=\"_ _2\"></span>Libri <span class=\"_ _2\"></span>S.p.A., desc<span class=\"_ _1\"></span>ritto <span class=\"_ _2\"></span>nelle r<span class=\"_ _1\"></span>elazioni <span class=\"_ _2\"></span>finanziarie <span class=\"_ _2\"></span>annuali 2016-2021 <span class=\"_ _11\"></span><span class=\"ff22\">di <span class=\"_ _6\"></span>RCS, <span class=\"_ _e\"></span>e <span class=\"_ _6\"> </span>all\u2019<span class=\"ff24\">earn-out <span class=\"_ _11\"></span></span></span>ivi <span class=\"_ _6\"></span>previsto, <span class=\"_ _11\"></span>si <span class=\"_ _11\"></span>segnala <span class=\"_ _11\"></span>che <span class=\"_ _6\"></span>sono <span class=\"_ _11\"></span>state <span class=\"_ _11\"></span>attivate <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>sono <span class=\"_ _11\"></span><span class=\"ff22\">tutt\u2019ora</span> <span class=\"_ _e\"></span><span class=\"ls2\">in</span> <span class=\"_ _11\"></span>corso <span class=\"_ _11\"></span><span class=\"ls16\">le</span> procedure necessari<span class=\"_ _1\"></span>e <span class=\"ls4\">ad</span> accertare <span class=\"ls2\">la</span> sussistenza<span class=\"_ _1\"></span> <span class=\"ls7\">(o</span> <span class=\"ff22\">meno) <span class=\"_ _3\"></span>dei presupposti all\u2019erogazione di <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span><span class=\"ff24\">earn-out </span></span>e, in tal caso, alla sua <span class=\"_ _1\"></span>determina<span class=\"_ _1\"></span>zione, cos\u00ec com<span class=\"_ _1\"></span>e stabilito nel cont<span class=\"_ _1\"></span>ratto di cess<span class=\"_ _1\"></span>ione. Di seguito si elencano<span class=\"_ _1\"></span> le principali g<span class=\"_ _1\"></span>aranzie prestate d<span class=\"_ _1\"></span>al Gru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o:<span class=\"_ _2\"></span> <span class=\"ff1f fc0 ls77\">le<span class=\"ls0\"> f<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>j<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>av<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>ss<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> E<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> 26,3 <span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span><span class=\"ls64\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o <span class=\"_ _0\"></span><span class=\"ls1\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>E<span class=\"_ _2\"></span>ur<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>3,<span class=\"_ _2\"></span>5 <span class=\"_ _2\"></span>mi<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i </span></span></span></span></span></span>ri<span class=\"_ _2\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ff22\">al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _2\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>o<span class=\"ff1f\"> <span class=\"_ _6\"></span>pr<span class=\"_ _2\"></span>ec<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>e.<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pr<span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ip<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>te<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pe<span class=\"_ _2\"></span>r <span class=\"_ _6\"></span><span class=\"ls4d\">le</span> <span class=\"_ _6\"></span>fi<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>iu<span class=\"_ _2\"></span>ss<span class=\"_ _1\"></span>io<span class=\"_ _2\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>as<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>at<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>dal <span class=\"_ _11\"></span>gr<span class=\"_ _1\"></span>upp<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>m-<span class=\"_ _1\"></span>Dis<span class=\"_ _2\"></span> <span class=\"_ _6\"></span><span class=\"ls3\">ad</span> <span class=\"_ _6\"></span>oper<span class=\"_ _1\"></span>ato<span class=\"_ _2\"></span>ri <span class=\"_ _6\"></span><span class=\"ls6\">di</span> </span></span>tele<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ia <span class=\"_ _12\"> </span>a <span class=\"_\"> </span>ga<span class=\"_ _2\"></span>ranzi<span class=\"_ _2\"></span>a <span class=\"_\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_\"> </span>c<span class=\"_ _2\"></span>orre<span class=\"_ _1\"></span>tto <span class=\"_ _12\"> </span>ade<span class=\"_ _2\"></span>mpime<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>dei<span class=\"_ _1\"></span> <span class=\"_\"> </span>c<span class=\"_ _2\"></span>ontra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_ _f\"> </span>distribuzione<span class=\"ls54\">. <span class=\"_ _16\"> </span></span>La<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>vo<span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>inoltr<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>comprende<span class=\"_ _1\"></span> fidejussioni <span class=\"_ _12\"> </span>prestate <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>favore <span class=\"_ _12\"> </span>dell\u2019A<span class=\"_ _1\"></span>mministrazion<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>Pubblica <span class=\"_ _12\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _12\"> </span>altri <span class=\"_ _12\"> </span>enti <span class=\"_ _12\"> </span>pubblici <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span>manifestazioni <span class=\"_ _a\"> </span>di concorsi <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>premi, <span class=\"_ _2\"></span>concessio<span class=\"_ _1\"></span>ni <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>contenziosi. <span class=\"ff1f fc0 ls2\">le<span class=\"ls0\"> alt<span class=\"_ _1\"></span>re garanzi<span class=\"_ _1\"></span>e sono <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Euro 16,2 <span class=\"_ _2\"></span>milioni, <span class=\"ls2\">in</span> <span class=\"_ _1\"></span>incre<span class=\"_ _1\"></span>mento <span class=\"ls6\">di</span> Euro <span class=\"_ _1\"></span>4,2 <span class=\"_ _1\"></span>milioni r<span class=\"_ _1\"></span>ispetto <span class=\"ls4\">al<span class=\"_ _1\"></span><span class=\"ls0\"> 31 <span class=\"_ _3\"></span>dicembre 2021<span class=\"_ _3\"></span> </span></span></span></span>per <span class=\"_ _e\"></span>nuove <span class=\"_ _3\"></span>garanzie <span class=\"_ _3\"></span>rilasciate <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>favore dell\u2019Agenzia <span class=\"_ _e\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _e\"></span>En<span class=\"_ _1\"></span>trate <span class=\"_ _3\"></span>per <span class=\"_ _e\"></span>Crediti <span class=\"_ _3\"></span>IVA<span class=\"ff1f\"> (Euro <span class=\"_ _2\"></span>3,9 mi<span class=\"_ _1\"></span>lioni). <span class=\"_ _2\"></span><span class=\"ls8\">La<span class=\"ls0\"> voce<span class=\"_ _1\"></span> </span></span></span>inoltre <span class=\"_ _2\"></span>comprende <span class=\"_ _0\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>manleva <span class=\"_ _2\"></span>rilasciata <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>favore <span class=\"_ _2\"></span><span class=\"ff22\">dell\u2019A<span class=\"_ _2\"></span>genz<span class=\"_ _3\"></span>ia per lo Sviluppo dell\u2019Editoria e a f<span class=\"_ _3\"></span>avore di SIAE </span></span></span>per rimborsi ricevu<span class=\"_ _1\"></span>ti. <span class=\"ff1f fc0\">gli <span class=\"_ _2\"></span>impegni <span class=\"_ _0\"></span>ammontano <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>3 <span class=\"_ _2\"></span>milioni, <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>diminuzione <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>0<span class=\"ff22\">,4 <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _2\"></span>risp<span class=\"_ _1\"></span>etto <span class=\"_ _2\"></span>all\u2019eserc<span class=\"_ _1\"></span>izio <span class=\"_ _2\"></span>preceden<span class=\"_ _1\"></span>te. </span></span>La <span class=\"_ _12\"> </span>voce <span class=\"_ _a\"> </span>comprende <span class=\"_ _12\"> </span>gli <span class=\"_ _12\"> </span>impegni <span class=\"_ _a\"> </span>contrattuali <span class=\"_ _12\"> </span>(esist<span class=\"_ _1\"></span>enti <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>potenziali) <span class=\"_ _12\"> </span>relat<span class=\"_ _1\"></span>ivi <span class=\"_ _12\"> </span>al <span class=\"_ _a\"> </span>per<span class=\"_ _3\"></span>sonale <span class=\"_ _12\"> </span>e <span class=\"_ _a\"> </span>si <span class=\"_ _12\"> </span>riferiscono unicamente <span class=\"_ _11\"></span>ad <span class=\"_ _6\"></span>accordi <span class=\"_ _11\"></span>in <span class=\"_ _6\"></span>vigore <span class=\"_ _6\"></span>al <span class=\"_ _11\"></span>31<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dicembre <span class=\"_ _11\"></span>2022 <span class=\"_ _6\"></span>soggetti <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>clausole <span class=\"_ _11\"></span>contrattuali <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>quella <span class=\"_ _6\"></span>data <span class=\"_ _11\"></span>sotto <span class=\"_ _6\"></span>il controllo esclus<span class=\"_ _1\"></span>ivo del Gru<span class=\"_ _1\"></span>ppo. Tali impegn<span class=\"_ _1\"></span>i sono sottoscr<span class=\"_ _1\"></span>itti con parti <span class=\"_ _1\"></span>correlate p<span class=\"_ _1\"></span>er Euro 0,7 milioni. Si evidenzia<span class=\"_ _1\"></span> inolt<span class=\"_ _1\"></span>re che <span class=\"_ _1\"></span>nell<span class=\"_ _1\"></span>\u2019ambito de<span class=\"_ _1\"></span>lle c<span class=\"_ _1\"></span>essioni o <span class=\"_ _2\"></span>conferimenti di p<span class=\"_ _2\"></span>artecipaz<span class=\"_ _3\"></span>ioni o <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ami <span class=\"_ _1\"></span>d\u2019azienda <span class=\"_ _2\"></span>effettuate dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>RCS, <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>ha <span class=\"_ _7\"></span>concesso <span class=\"_ _7\"></span>garanzie <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>evalentement<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>natura <span class=\"_ _7\"></span>fiscale, <span class=\"_ _6\"></span>previdenziale <span class=\"_ _6\"></span>e lavoristiche anco<span class=\"_ _1\"></span>ra attive. T<span class=\"_ _1\"></span>ali garanzie s<span class=\"_ _1\"></span>ono state ri<span class=\"_ _1\"></span>lasciate secondo us<span class=\"_ _1\"></span>i e condizioni d<span class=\"_ _1\"></span>i 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=\"_ _2\"></span>mpegni<span class=\"_ _1\"></span>, <span class=\"_ _2\"></span>ris<span class=\"_ _2\"></span>chi e<span class=\"_ _1\"></span>d a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>inf<span class=\"_ _2\"></span>ormaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i La <span class=\"_ _a\"> </span>societ\u00e0 <span class=\"_ _12\"> </span>controllata <span class=\"_ _a\"> </span>Cairo <span class=\"_ _a\"> </span>Network <span class=\"_ _12\"> </span>S.r<span class=\"_ _1\"></span>.l. <span class=\"_ _12\"> </span>n<span class=\"_ _1\"></span>el <span class=\"_ _a\"> </span>corso <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>2014 <span class=\"_ _12\"> </span>ha <span class=\"_ _a\"> </span>partecipato <span class=\"_ _a\"> </span>alla <span class=\"_ _12\"> </span>procedu<span class=\"_ _1\"></span>ra <span class=\"_ _a\"> </span>indetta <span class=\"_ _12\"> </span>dal Ministero dello <span class=\"_ _e\"></span>Svi<span class=\"_ _1\"></span>luppo <span class=\"_ _3\"></span>Economico<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>l\u2019assegnazione dei <span class=\"_ _3\"></span>diritti <span class=\"_ _3\"></span>d\u2019uso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>frequen<span class=\"_ _3\"></span><span class=\"ff1f\">ze <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>banda <span class=\"_ _3\"></span>televisiva per </span>sistemi <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>radiodiffusione <span class=\"_ _3\"></span>digitale <span class=\"_ _e\"></span>terrestre, <span class=\"_ _e\"></span>presentando <span class=\"_ _16\"> </span><span class=\"ls2\">la</span> <span class=\"_\"> </span>propria<span class=\"_ _1\"></span> <span class=\"_\"> </span>offe<span class=\"_ _1\"></span>rta <span class=\"_\"> </span>vinc<span class=\"_ _1\"></span>olante <span class=\"_ _12\"> </span><span class=\"ls4\">ed</span> <span class=\"_\"> </span>aggiudicando<span class=\"_ _1\"></span>si <span class=\"_ _12\"> </span>i diritti <span class=\"_ _a\"> </span><span class=\"ff22\">d\u2019uso</span> <span class=\"_ _a\"> </span>- <span class=\"_ _a\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span><span class=\"ls2\">la</span> <span class=\"_ _a\"> </span>durata <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span><span class=\"ls6\">20<span class=\"_ _3\"></span></span> <span class=\"_ _a\"> </span>an<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>- <span class=\"_ _3\"></span><span class=\"ff22\">di <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>lotto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>frequenze <span class=\"_ _3\"></span>(\u201cMux\u201d). <span class=\"_ _3\"></span>Nel mese <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>gennaio <span class=\"_ _3\"></span>2015 <span class=\"_ _3\"></span>Cairo </span>Network <span class=\"_ _3\"></span>ha <span class=\"_ _e\"></span>quind<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>sottoscritto <span class=\"_ _e\"></span>con <span class=\"_ _3\"></span>EI <span class=\"_ _3\"></span>Towers <span class=\"_ _e\"></span>S.p.A. (\u201cEIT\u201d) <span class=\"_ _e\"></span>gli <span class=\"_ _3\"></span>accordi <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>realizzazione <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>successiva gestione <span class=\"_ _5\"> </span>t<span class=\"_ _3\"></span>ecnica <span class=\"_ _5\"> </span>pl<span class=\"_ _3\"></span>urienn<span class=\"_ _1\"></span>ale <span class=\"_ _15\"> </span>in <span class=\"_ _5\"> </span>modalit\u00e0 <span class=\"_ _15\"> </span>full <span class=\"_ _15\"> </span>se<span class=\"_ _1\"></span>rvice <span class=\"_ _15\"> </span>(ospitalit\u00e0, <span class=\"_ _15\"> </span>assist<span class=\"_ _1\"></span>enza <span class=\"_ _5\"> </span>e <span class=\"_ _15\"> </span>manutenzione, <span class=\"_ _15\"> </span>utilizz<span class=\"_ _1\"></span>o dell\u2019infrastrut<span class=\"_ _1\"></span>tura<span class=\"ff1f\"> di trasmissione, ecc.) <span class=\"_ _1\"></span>del Mux. Gli a<span class=\"_ _1\"></span>ccordi, come r<span class=\"_ _1\"></span>ivisti nel mes<span class=\"_ _1\"></span>e di <span class=\"_ _e\"></span>marzo <span class=\"_ _e\"></span>2018 <span class=\"_ _e\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _e\"></span>termini </span>nel complesso <span class=\"_ _1\"></span>migliorativi per Ca<span class=\"_ _1\"></span>iro Netwo<span class=\"_ _1\"></span>rk, prevedono tra l\u2019a<span class=\"_ _1\"></span>ltro:<span class=\"ff1f\"> </span><span class=\"ff1f fs7 fc0\">una fase transito<span class=\"_ _1\"></span>ria, completata <span class=\"_ _1\"></span><span class=\"ls2\">il<span class=\"ls0\"> <span class=\"ls6\">31</span> dicembre 2017, <span class=\"_ _1\"></span>nel corso del<span class=\"_ _1\"></span>la quale rea<span class=\"_ _1\"></span>lizzare <span class=\"_ _1\"></span><span class=\"ls2\">la<span class=\"ls0\"> messa <span class=\"_ _e\"></span>in <span class=\"_ _11\"></span>esercizio <span class=\"_ _e\"></span>del </span></span></span></span></span>Mux e una fase a r<span class=\"_ _1\"></span>egime di eserci<span class=\"_ _1\"></span>zio del Mux d<span class=\"_ _1\"></span>ella durata di 17 <span class=\"_ _1\"></span>anni (dal 2<span class=\"_ _1\"></span>018 al 2034)<span class=\"_ _1\"></span>; <span class=\"ff1f fs7 fc0 ls2\">la<span class=\"ls0\"> facolt\u00e0 di <span class=\"_ _1\"></span>recesso libero da pa<span class=\"_ _1\"></span>rte di Cairo Network<span class=\"_ _1\"></span> a partire dal 1\u00b0 genna<span class=\"_ _1\"></span>io <span class=\"ls1\">2025;</span> </span></span><span class=\"ff1f fs7 fc0\">copertura garantita al<span class=\"_ _1\"></span>meno pari al <span class=\"_ _1\"></span>94% della popo<span class=\"_ _1\"></span>lazione, all<span class=\"_ _1\"></span>ineata ai Mux n<span class=\"_ _1\"></span>azionali a <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>aggior copertura<span class=\"_ _1\"></span>; </span><span class=\"ff1f fs7 fc0\">corrispettivi a favore d<span class=\"_ _1\"></span>i E<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>T:<span class=\"_ _2\"></span> </span>\u2022<span class=\"ff28 sc0\"> <span class=\"_ _148\"> </span><span class=\"ff1f fc0\">per la fase di rea<span class=\"_ _1\"></span>lizzazione <span class=\"_ _1\"></span>della rete (2015-<span class=\"ff22\">2017) <span class=\"_ _1\"></span>pari a Euro 11,5 <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ilioni comple<span class=\"_ _1\"></span>ssivi per l\u2019int<span class=\"_ _1\"></span>ero </span></span></span>triennio; \u2022<span class=\"ff28 sc0\"> <span class=\"_ _148\"> </span><span class=\"ff1f fc0\">a regime (a <span class=\"ff22\">partire dal<span class=\"_ _1\"></span>l\u2019anno 2018)<span class=\"ff1f\"> par<span class=\"_ _1\"></span>i a Euro 16 milioni an<span class=\"_ _2\"></span>nui,<span class=\"_ _1\"></span> </span></span></span></span><span class=\"ff1f fs7 fc0\">tali importi sono comp<span class=\"_ _1\"></span>rensivi del corr<span class=\"_ _1\"></span>ispettivo pe<span class=\"_ _1\"></span>r la messa a dispos<span class=\"_ _1\"></span>izione dei trasmettitori; </span><span class=\"ff1f fs7 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=\"_ _3\"></span>favore <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Cairo <span class=\"_ _3\"></span>Network, <span class=\"_ _3\"></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=\"_ _e\"></span>e un <span class=\"_ _3\"></span>massimo <span class=\"_ _3\"></span>di </span>Euro 6 m<span class=\"_ _1\"></span>ilioni neg<span class=\"_ _1\"></span>li anni <span class=\"_ _1\"></span>2018-2022, <span class=\"_ _1\"></span>che si <span class=\"_ _1\"></span>riduce <span class=\"_ _1\"></span>a E<span class=\"_ _1\"></span>uro 5,5 <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ilioni negl<span class=\"_ _1\"></span>i anni <span class=\"_ _1\"></span>2023-2027 e <span class=\"_ _2\"></span>a Euro 5 m<span class=\"_ _1\"></span>ilioni dal <span class=\"_ _7\"></span>2028 <span class=\"_ _7\"></span>e <span class=\"_ _a\"> </span>fino <span class=\"_ _6\"></span>a <span class=\"_ _a\"> </span>scadenza, <span class=\"_ _7\"> </span>nell\u2019eventual<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _7\"> </span>in <span class=\"_ _7\"> </span>cui <span class=\"_ _7\"> </span>la <span class=\"_ _a\"> </span>banda <span class=\"_ _6\"> </span>di<span class=\"_ _3\"></span>sponibile<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>sul <span class=\"_ _7\"> </span>Mux <span class=\"_ _a\"> </span>non<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>fosse <span class=\"_ _a\"> </span>inte<span class=\"_ _1\"></span>gralment<span class=\"_ _1\"></span>e sfruttata da Cair<span class=\"_ _1\"></span>o Network. Nella Legge di Bilancio 2018 (l. n. 205 del 2017, come successivament<span class=\"_ _1\"></span>e integrata e modificata dalla l. n. 145 d<span class=\"ff22\">el <span class=\"_ _e\"></span>2019), <span class=\"_ _3\"></span>all\u2019art. <span class=\"_ _e\"></span>1, <span class=\"_ _3\"></span>co. <span class=\"_ _e\"></span>1026 <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>ss., <span class=\"_ _e\"></span>sono <span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>ate <span class=\"_ _3\"></span>introdotte <span class=\"_ _e\"></span>specifich<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>previsioni <span class=\"_ _3\"></span>volte <span class=\"_ _e\"></span>al <span class=\"_ _3\"></span>rilascio <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>parte <span class=\"_ _3\"></span>degli </span>operatori <span class=\"_ _4\"> </span>televisivi<span class=\"_ _1\"></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=\"_ _f\"> </span>della <span class=\"_ _4\"> </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=\"_ _f\"> </span>\u201cbanda <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 alla <span class=\"_ _3\"></span>conseguente riorganizzazione<span class=\"_ _1\"></span> dei diritti d\u2019uso deg<span class=\"_ _1\"></span>li opera<span class=\"_ _1\"></span>tori televisivi <span class=\"_ _1\"></span>esistenti sul r<span class=\"_ _1\"></span>imanente spe<span class=\"_ _1\"></span>ttro televisivo (<span class=\"_ _1\"></span>\u201crefarming\u201d). <span class=\"ff1f\"> </span>In particolare, ne<span class=\"_ _1\"></span>lla Legge di Bi<span class=\"_ _1\"></span>lancio 2018 \u00e8, <span class=\"_ _1\"></span>tra l\u2019altr<span class=\"_ _1\"></span>o, previsto che: <span class=\"ff1f\"> </span>a) <span class=\"_ _e\"></span>le <span class=\"_ _e\"></span>frequenze<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>della <span class=\"_ _3\"></span>banda <span class=\"_ _e\"></span>700 <span class=\"_ _3\"></span>devono <span class=\"_ _e\"></span>essere <span class=\"_ _e\"></span>comple<span class=\"_ _1\"></span>tamente <span class=\"_ _3\"></span>rilasciate <span class=\"_ _e\"></span>dagli <span class=\"_ _3\"></span>operatori <span class=\"_ _e\"></span>televis<span class=\"_ _1\"></span>ivi <span class=\"_ _e\"></span>entro <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>30 giugno 2022; <span class=\"_ _1\"></span> b) i mux di f<span class=\"_ _1\"></span>requenze nazio<span class=\"_ _1\"></span>nali adottino<span class=\"_ _1\"></span> lo standard d<span class=\"_ _1\"></span>igitale te<span class=\"_ _1\"></span>rrestre DV<span class=\"_ _1\"></span>B-T2, introducendo una conve<span class=\"_ _1\"></span>rsione transitoria <span class=\"_ _e\"></span>dei <span class=\"_ _e\"></span>diritti <span class=\"_ _e\"></span>d'uso <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>mux <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>frequenze <span class=\"_ _e\"></span>nazionali <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>diritti <span class=\"_ _e\"></span>d'uso <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>capacit\u00e0 <span class=\"_ _e\"></span>trasmissiva, <span class=\"_ _e\"></span>ai <span class=\"_ _e\"></span>fini <span class=\"_ _e\"></span>della successiva riasse<span class=\"_ _1\"></span>gnazione;  c) <span class=\"_ _1\"></span>l\u2019assegnazione<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>diritti <span class=\"_ _2\"></span>d\u2019uso (i<span class=\"_ _1\"></span>n en<span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>it\u00e0 <span class=\"_ _2\"></span>equivalente <span class=\"_ _1\"></span>a <span class=\"_ _2\"></span>due mux) <span class=\"_ _2\"></span>non de<span class=\"_ _1\"></span>rivanti <span class=\"_ _2\"></span>dalla sudde<span class=\"_ _1\"></span>tta <span class=\"_ _1\"></span>conversione <span class=\"_ _2\"></span>dei diritti d\u2019uso orig<span class=\"_ _1\"></span>inari s<span class=\"ff1f\">ono assegnat<span class=\"_ _1\"></span>i mediante p<span class=\"_ _1\"></span>rocedura on<span class=\"_ _1\"></span>erosa.  </span>In <span class=\"_ _3\"></span>at<span class=\"_ _3\"></span>tuazione <span class=\"_ _3\"></span>della <span class=\"_ _e\"></span>predetta<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>legge, <span class=\"_ _3\"></span>l\u2019Agcom <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>Mise <span class=\"_ _3\"></span>hanno <span class=\"_ _e\"></span>adottato <span class=\"_ _3\"></span>i <span class=\"_ _e\"></span>provvedi<span class=\"_ _1\"></span>menti <span class=\"_ _3\"></span>conseguenti <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>ito <span class=\"_ _3\"></span>ai quali a <span class=\"_ _3\"></span>Cairo <span class=\"_ _3\"></span>Netwo<span class=\"_ _1\"></span>rk \u00e8 <span class=\"_ _3\"></span>stato assegnato un <span class=\"_ _3\"></span>diritto d\u2019uso se<span class=\"_ _3\"></span>nza specificazione delle frequenze, corrispon<span class=\"_ _3\"></span><span class=\"ff1f\">dente </span>alla met\u00e0 di un <span class=\"_ _1\"></span>mux (nel 20<span class=\"_ _1\"></span>19).  Inoltre, <span class=\"_\"> </span>al <span class=\"_\"> </span>termine <span class=\"_\"> </span>de<span class=\"_ _1\"></span>lla <span class=\"_\"> </span>procedura <span class=\"_\"> </span>onerosa, <span class=\"_\"> </span>vo<span class=\"_ _1\"></span>lta <span class=\"_\"> </span>all\u2019assegnaz<span class=\"_ _1\"></span>ione <span class=\"_\"> </span>dei <span class=\"_\"> </span>diritti <span class=\"_ _12\"> </span>d\u2019uso <span class=\"_\"> </span>non <span class=\"_\"> </span>derivanti <span class=\"_\"> </span>dalla conversione <span class=\"_ _2\"></span>dei <span class=\"_ _0\"></span>diritti <span class=\"_ _2\"></span>d\u2019uso <span class=\"_ _2\"></span>attuali, <span class=\"_ _0\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Mise, <span class=\"_ _0\"></span>con <span class=\"_ _2\"></span>determina <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>2 <span class=\"_ _0\"></span>luglio <span class=\"_ _2\"></span>2021, <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>comunica<span class=\"_ _1\"></span>to <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>Cair<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>Networ<span class=\"ff1f ls6\">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 alla <span class=\"_ _3\"></span>met\u00e0 <span class=\"_ _3\"></span>di un <span class=\"_ _2\"></span>multiplex <span class=\"_ _2\"></span>nazionale <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>nuova <span class=\"_ _2\"></span>pianif<span class=\"_ _1\"></span>icazione <span class=\"_ _2\"></span>e, <span class=\"_ _2\"></span>successivam<span class=\"_ _1\"></span>ente, <span class=\"_ _2\"></span>Cairo <span class=\"_ _2\"></span>Network,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>proceduto <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>pagamento<span class=\"_ _1\"></span> di met\u00e0 <span class=\"_ _3\"></span>dell\u2019importo offerto in s<span class=\"_ _3\"></span><span class=\"ff1f\">ede di <span class=\"_ _3\"></span>gara (con <span class=\"_ _3\"></span>riserva) e <span class=\"_ _3\"></span>ha chiesto l<span class=\"_ _3\"></span>a prevista rateizzazione del residuo (in </span>tre <span class=\"_ _6\"> </span>rate <span class=\"_ _7\"> </span>annuali). <span class=\"_ _6\"></span>In <span class=\"_ _6\"> </span>data <span class=\"_ _7\"> </span>6 <span class=\"_ _6\"> </span>agosto <span class=\"_ _7\"> </span>2021 <span class=\"_ _6\"> </span>il <span class=\"_ _7\"> </span>Mise <span class=\"_ _6\"> </span>per <span class=\"_ _7\"> </span>effetto <span class=\"_ _6\"> </span>della <span class=\"_ _6\"> </span>combinazione <span class=\"_ _6\"></span>dei <span class=\"_ _7\"> </span>due <span class=\"_ _6\"> </span>diritti <span class=\"_ _6\"> </span>d\u2019uso <span class=\"_ _7\"> </span>senza specificazione <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>frequenze <span class=\"_ _11\"></span>ha <span class=\"_ _6\"></span>qui<span class=\"_ _3\"></span>ndi <span class=\"_ _11\"></span>comunicato <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>provvedimento <span class=\"_ _11\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _6\"> </span>assegnazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>diritto <span class=\"_ _6\"></span>d\u2019uso <span class=\"_ _11\"></span>delle frequenze ai fini de<span class=\"_ _1\"></span>ll\u2019esercizio dell<span class=\"_ _1\"></span>a rete naziona<span class=\"_ _1\"></span>le del PNAF denom<span class=\"_ _1\"></span>inata \u201cRete nazion<span class=\"_ _1\"></span>ale n. 10\u201d fino al 203<span class=\"_ _1\"></span>2 (durata di due an<span class=\"_ _1\"></span>ni inferiore rispe<span class=\"_ _1\"></span>tto a quella de<span class=\"_ _1\"></span>l diritto ori<span class=\"_ _1\"></span>ginariamente a<span class=\"_ _1\"></span>cquistato nel 2<span class=\"_ _1\"></span>014).  Cairo <span class=\"_ _7\"></span>Network <span class=\"_ _7\"> </span>\u00e8 <span class=\"_ _7\"> </span>stata <span class=\"_ _a\"> </span>udita <span class=\"_ _7\"> </span>nell\u2019amb<span class=\"_ _1\"></span>ito <span class=\"_ _7\"> </span>dei <span class=\"_ _7\"> </span>vari <span class=\"_ _7\"> </span>pr<span class=\"_ _3\"></span>ocediment<span class=\"_ _1\"></span>i <span class=\"_ _7\"> </span>e <span class=\"_ _a\"> </span>ha <span class=\"_ _7\"> </span>partecipa<span class=\"_ _1\"></span>to <span class=\"_ _7\"> </span>alle <span class=\"_ _7\"> </span>relative <span class=\"_ _7\"> </span>consultazioni pubbliche, <span class=\"_ _2\"></span>evidenziando <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>considerazioni <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>carattere <span class=\"_ _2\"></span>giuridico <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>tecnico <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>depongono <span class=\"_ _2\"></span>per <span class=\"_ _1\"></span>l\u2019esclusio<span class=\"_ _1\"></span>ne <span class=\"_ _2\"></span>della Societ\u00e0 <span class=\"_ _2\"></span>dall\u2019applicazione <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>Legge <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>Bila<span class=\"_ _3\"></span><span class=\"ff1f\">ncio <span class=\"_ _2\"></span>(e, <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>n <span class=\"_ _2\"></span>particolare, <span class=\"_ _1\"></span>dal <span class=\"_ _2\"></span>procedimento <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>conversione d<span class=\"_ _2\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>diritto </span>d\u2019uso originario e d<span class=\"_ _1\"></span>i assegnazione de<span class=\"_ _1\"></span>i diritti d\u2019uso <span class=\"_ _1\"></span>di nuova pian<span class=\"_ _1\"></span>ificazione), al<span class=\"_ _1\"></span>legando anche docum<span class=\"_ _1\"></span>entazion<span class=\"_ _1\"></span>e a supporto.  Cairo <span class=\"_ _e\"></span>Network <span class=\"_ _e\"></span>ha <span class=\"_ _11\"></span>poi <span class=\"_ _e\"></span>impugnato <span class=\"_ _e\"></span>anche <span class=\"_ _e\"></span>le <span class=\"_ _11\"></span>delibere <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>i <span class=\"_ _11\"></span>provvedimen<span class=\"ff22\">ti <span class=\"_ _11\"></span>dell\u2019Agcom <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>del <span class=\"_ _11\"></span>Mise, <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>attuazione </span>della <span class=\"_ _e\"></span>Legge <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>Bilancio, <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>r<span class=\"_ _3\"></span>icorsi <span class=\"_ _e\"></span>al <span class=\"_ _11\"></span>Tar <span class=\"_ _e\"></span>Lazio, <span class=\"_ _11\"></span>Roma, <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>successivi <span class=\"_ _e\"></span>motivi <span class=\"_ _11\"></span>aggiunti <span class=\"_ _e\"></span>(r.g. <span class=\"_ _e\"></span>n. <span class=\"_ _11\"></span>6740/2018, <span class=\"_ _e\"></span>n. 7017/18, <span class=\"_ _3\"></span>n. <span class=\"_ _e\"></span>440/2021 <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>6040/2021), <span class=\"_ _3\"></span>con <span class=\"_ _e\"></span>cui <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>stati <span class=\"_ _3\"></span>dedotti <span class=\"_ _e\"></span>anche <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>giudice <span class=\"_ _3\"></span>amministrativo <span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e <span class=\"_ _e\"></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=\"_ _1\"></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>provvedim<span class=\"_ _1\"></span>enti impugnati.   <span class=\"_ _1\"></span> Il TAR Lazio, con sentenze pubblicat<span class=\"_ _1\"></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 di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>annullamento, sia <span class=\"_ _3\"></span>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. n. <span class=\"_ _3\"></span>4335 e <span class=\"_ _3\"></span>n. <span class=\"_ _3\"></span>4334, le cui udienze di d<span class=\"_ _1\"></span>iscussione s<span class=\"_ _1\"></span>ono fissate per <span class=\"_ _1\"></span>l\u20198 giugno 2023). <span class=\"ff1f\"> </span>Da <span class=\"_ _7\"></span>ultimo, <span class=\"_ _7\"></span>il <span class=\"_ _a\"></span>MISE<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>ha <span class=\"_ _a\"></span>pubbli<span class=\"_ _1\"></span>cato <span class=\"_ _7\"></span>in <span class=\"_ _7\"></span>data <span class=\"_ _7\"></span>8 <span class=\"_ _a\"></span>febbra<span class=\"_ _1\"></span>io <span class=\"_ _7\"></span>2022 <span class=\"_ _7\"></span>il <span class=\"_ _7\"></span>decreto <span class=\"_ _7\"></span>relativo <span class=\"_ _a\"></span>a<span class=\"_ _1\"></span>lle <span class=\"_ _7\"></span>misure <span class=\"_ _7\"></span>compensative <span class=\"_ _7\"></span>a beneficio deg<span class=\"_ _1\"></span>li operato<span class=\"_ _1\"></span>ri di <span class=\"_ _2\"></span>rete per i cos<span class=\"_ _1\"></span>ti sos<span class=\"_ _1\"></span>tenuti per<span class=\"_ _1\"></span> la pre<span class=\"_ _1\"></span>disposizione <span class=\"_ _1\"></span>di i<span class=\"_ _1\"></span>mpianti d<span class=\"_ _1\"></span>i tras<span class=\"_ _1\"></span>missione <span class=\"_ _1\"></span>idonei a garantire <span class=\"_ _1\"></span>lo standa<span class=\"_ _1\"></span>rd d<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>smissione T2<span class=\"_ _1\"></span>, che <span class=\"_ _2\"></span>Cairo Network <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>impugnato <span class=\"_ _2\"></span>con ricorso <span class=\"_ _1\"></span>al T<span class=\"_ _1\"></span>ar, pend<span class=\"_ _1\"></span>ente (<span class=\"_ _1\"></span>r.g. n<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span> 4515/2022).  Cairo <span class=\"_ _3\"></span>Network <span class=\"_ _3\"></span> \u00e8 <span class=\"_ _e\"></span>in <span class=\"_ _3\"></span>procin<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>avviare azioni, <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>caratte<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>giudiziale <span class=\"_ _3\"></span>(e <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>aggi<span class=\"_ _3\"></span>unta <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>contenziosi <span class=\"_ _3\"></span>gi\u00e0 promossi), <span class=\"_ _3\"></span>volte <span class=\"_ _e\"></span>a <span class=\"_ _3\"></span>ottenere <span class=\"_ _e\"></span>il <span class=\"_ _3\"></span>risarcimento <span class=\"_ _e\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>danni <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>pregiudizi <span class=\"_ _3\"></span>subiti <span class=\"_ _e\"></span>(i) <span class=\"_ _e\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _e\"></span>pagamento<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>richies<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>per<span class=\"_ _3\"></span> riot<span class=\"ff22\">tenere <span class=\"_ _2\"></span>la tito<span class=\"_ _1\"></span>larit\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>un <span class=\"_ _2\"></span>diritto d<span class=\"_ _2\"></span>\u2019<span class=\"_ _3\"></span>uso <span class=\"_ _2\"></span>di frequenze<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>Cairo avev<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>gi\u00e0 <span class=\"_ _1\"></span>paga<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>esito alla<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>procedura <span class=\"_ _2\"></span>di gar<span class=\"_ _1\"></span>a </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>diversa <span class=\"_ _3\"></span>durata <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>nuovo <span class=\"_ _3\"></span>diritto <span class=\"_ _3\"></span>d\u2019uso e <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>ii) <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>perdita <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>occasioni commerciali <span class=\"_ _3\"></span>subita negli <span class=\"_ _12\"> </span>ultimi <span class=\"_ _12\"> </span>anni <span class=\"_\"> </span> per <span class=\"_ _12\"> </span>effetto <span class=\"_ _12\"> </span>dell\u2019incertezza <span class=\"_ _12\"> </span>generat<span class=\"_ _1\"></span>a <span class=\"_\"> </span>da<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>la <span class=\"_ _12\"> </span>procedura <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>re<span class=\"_ _1\"></span>farming, <span class=\"_ _12\"> </span>iv) <span class=\"_\"> </span>p<span class=\"_ _2\"></span>er <span class=\"_\"> </span>essere <span class=\"_ _12\"> </span>stato discriminato <span class=\"_ _3\"></span>(sostanzialmente <span class=\"_ _e\"></span>unico <span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>ra <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>operatori <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>rete) <span class=\"_ _e\"></span>dalle <span class=\"_ _e\"></span>misure <span class=\"_ _e\"></span>compensa<span class=\"_ _1\"></span>tive <span class=\"_ _e\"></span>previste <span class=\"_ _e\"></span>dal <span class=\"_ _3\"></span>decreto del Mise del 17 n<span class=\"_ _1\"></span>ovembre 2021 e pu<span class=\"_ _2\"></span>bblicato l\u20198 febbraio 2022.<span class=\"ff1f\"> </span>Allo <span class=\"_ _3\"></span>s<span class=\"ff22\">tato, non <span class=\"_ _3\"></span>\u00e8 ancora <span class=\"_ _3\"></span>possibile prevedere con <span class=\"_ _3\"></span>certezza l'effetto l<span class=\"_ _3\"></span>\u2019esito dei gi<span class=\"_ _3\"></span>udizi di <span class=\"_ _3\"></span>impugnazione al TAR </span>e al Consiglio d<span class=\"_ _1\"></span>i Stato e di quel<span class=\"_ _1\"></span>li che potranno <span class=\"_ _1\"></span>essere nel f<span class=\"_ _1\"></span>uturo intrap<span class=\"_ _1\"></span>resi Con <span class=\"_ _e\"></span>riferimento <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>contenzioso <span class=\"_ _e\"></span>relat<span class=\"_ _1\"></span>ivo <span class=\"_ _e\"></span>alla <span class=\"_ _e\"></span>operazion<span class=\"_ _1\"></span>e <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>compravend<span class=\"_ _1\"></span>ita <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>complesso <span class=\"_ _e\"></span>immobiliare <span class=\"_ _3\"></span>di <span class=\"_ _e\"></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=\"_ _1\"></span>zan <span class=\"_\"> </span>3 <span class=\"_\"> </span>realizzata <span class=\"_\"> </span>nel <span class=\"_\"> </span>201<span class=\"_ _1\"></span>3, <span class=\"_\"> </span>descritto <span class=\"_\"> </span>nel<span class=\"_ _1\"></span>la <span class=\"_\"> </span>Nota <span class=\"_\"> </span>39 <span class=\"_\"> </span>al <span class=\"_\"> </span>bilancio consolidato <span class=\"_ _e\"></span>nella <span class=\"_ _3\"></span>relazione <span class=\"_ _e\"></span>finanziaria<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>annuale <span class=\"_ _e\"></span>2021, <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>data <span class=\"_ _e\"></span>15 <span class=\"_ _e\"></span>luglio <span class=\"_ _e\"></span>RCS, <span class=\"_ _3\"></span>Kryalos <span class=\"_ _e\"></span>SGR <span class=\"_ _e\"></span>S.p.A. <span class=\"_ _e\"></span>in <span class=\"_ _e\"></span>nome <span class=\"_ _e\"></span>e per <span class=\"_ _e\"></span>conto <span class=\"_ _11\"></span>del <span class=\"_ _e\"></span>Fondo <span class=\"_ _e\"></span>Delphine <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>Blackstone <span class=\"_ _e\"></span>(e <span class=\"_ _e\"></span>tutte <span class=\"_ _e\"></span>le <span class=\"_ _11\"></span>entit\u00e0 <span class=\"_ _e\"></span>del <span class=\"_ _e\"></span>gr<span class=\"_ _3\"></span>uppo <span class=\"_ _e\"></span>Blackstone <span class=\"_ _e\"></span>attrici <span class=\"_ _e\"></span>nei <span class=\"_ _e\"></span>procedimenti<span class=\"_ _1\"></span> intentati a <span class=\"_ _3\"></span>New <span class=\"_ _3\"></span>York) hanno <span class=\"_ _3\"></span>definito <span class=\"_ _3\"></span>transattivament<span class=\"_ _1\"></span>e l<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>controversie. L\u2019accordo raggiunto ha <span class=\"_ _3\"></span>comportato <span class=\"_ _3\"></span>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 negli <span class=\"_ _e\"></span>Sta<span class=\"_ _1\"></span>ti <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, la <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>eciproca rinuncia <span class=\"_ _2\"></span>a ogni<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>pretesa, <span class=\"_ _2\"></span>azione, <span class=\"_ _1\"></span>danno <span class=\"_ _2\"></span>in r<span class=\"_ _1\"></span>elazione <span class=\"_ _2\"></span>alla c<span class=\"_ _2\"></span>om<span class=\"_ _3\"></span>pravendita<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>2013 <span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>alle <span class=\"_ _2\"></span>azioni <span class=\"_ _1\"></span>intraprese<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>da <span class=\"_ _2\"></span>RCS in <span class=\"_ _3\"></span>relazione <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>essa.  <span class=\"_ _e\"></span>RCS ha <span class=\"_ _e\"></span>corrispos<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contributo <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>euro <span class=\"_ _3\"></span>10 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>alle <span class=\"_ _e\"></span>spes<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>sostenute <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>controparte. Inoltre, <span class=\"_ _a\"> </span>RCS <span class=\"_ _7\"> </span>ha <span class=\"_ _a\"> </span>acquistato<span class=\"_ _1\"></span>, <span class=\"_ _a\"> </span>al <span class=\"_ _7\"> </span>prezzo <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>euro <span class=\"_ _7\"> </span>59,9 <span class=\"_ _a\"> </span>milioni, <span class=\"_ _7\"> </span>l\u2019immobile <span class=\"_ _7\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>V<span class=\"_ _1\"></span>ia <span class=\"_ _7\"> </span>Solf<span class=\"_ _3\"></span>erino, <span class=\"_ _7\"> </span>sede <span class=\"_ _a\"> </span>storica <span class=\"_ _7\"> </span>del Corriere <span class=\"_ _12\"> </span>della <span class=\"_ _a\"> </span>Sera <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>parte <span class=\"_ _a\"> </span>del <span class=\"_ _12\"> </span>complesso <span class=\"_ _12\"> </span>im<span class=\"_ _1\"></span>mobiliare. <span class=\"_ _12\"> </span>Co<span class=\"_ _1\"></span>ntestualmen<span class=\"_ _1\"></span>te <span class=\"_ _12\"> </span>alla <span class=\"_ _a\"> </span>sottoscrizi<span class=\"_ _3\"></span>one <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>relativo contratto <span class=\"_ _6\"></span>preliminare <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>compravendita <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>mmobiliare, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _7\"></span>15 <span class=\"_ _6\"></span>luglio <span class=\"_ _7\"></span>2022 <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>ha <span class=\"_ _7\"></span>versato <span class=\"_ _6\"></span>a <span class=\"_ _7\"></span>Kryalos <span class=\"_ _6\"></span>un acconto <span class=\"_ _3\"></span>prezzo <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _e\"></span>10 <span class=\"_ _3\"></span>milioni. <span class=\"_ _3\"></span>L\u2019acquisto <span class=\"_ _3\"></span>dell\u2019immobile <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>stato <span class=\"_ _3\"></span>finalizzato <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>data <span class=\"_ _e\"></span>19 <span class=\"_ _3\"></span>ottobre <span class=\"_ _e\"></span>2022, <span class=\"_ _3\"></span>con contestuale pag<span class=\"_ _1\"></span>amento del <span class=\"_ _1\"></span>saldo prezzo per eur<span class=\"_ _1\"></span>o 49,9 milioni. Con rife<span class=\"_ _1\"></span>rimento <span class=\"_ _1\"></span>agli <span class=\"_ _1\"></span>eventi <span class=\"_ _2\"></span>di RCS Sp<span class=\"_ _1\"></span>ort, <span class=\"_ _1\"></span>la re<span class=\"_ _1\"></span>lazione f<span class=\"_ _1\"></span>inanziaria annua<span class=\"_ _1\"></span>le 2022 <span class=\"_ _2\"></span>di RC<span class=\"_ _1\"></span>S, riman<span class=\"_ _1\"></span>dando a <span class=\"_ _2\"></span> quanto descritto <span class=\"_ _a\"> </span>nelle <span class=\"_ _a\"> </span>precedent<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>relazioni <span class=\"_ _a\"> </span>finanziarie <span class=\"_ _a\"></span>ann<span class=\"_ _1\"></span>uali <span class=\"_ _a\"> </span>pubblicate <span class=\"_ _a\"></span>negli <span class=\"_ _a\"></span>anni <span class=\"_ _7\"></span>dal <span class=\"_ _a\"> </span>31 <span class=\"_ _a\"> </span>di<span class=\"_ _3\"></span>cembre <span class=\"_ _a\"> </span>2013 <span class=\"_ _a\"> </span>al <span class=\"_ _a\"> </span>31 dicembre <span class=\"_ _2\"></span>2021 <span class=\"_ _2\"></span>e n<span class=\"_ _1\"></span>ella <span class=\"_ _2\"></span>relazione <span class=\"_ _2\"></span>finanziaria <span class=\"_ _2\"></span><span class=\"ls49\">se<span class=\"_ _3\"></span><span class=\"ls0\">mestrale <span class=\"_ _2\"></span>2022, <span class=\"_ _2\"></span>riporta <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>quel <span class=\"_ _2\"></span>che <span class=\"_ _1\"></span>concerne <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>procedimento </span></span>penale <span class=\"_ _6\"></span>instaurato <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>dell\u2019atto <span class=\"_ _6\"></span>di <span class=\"_ _6\"> </span>querela <span class=\"_ _6\"></span>depositato <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>Sport <span class=\"_ _6\"></span>in <span class=\"_ _6\"> </span>data <span class=\"_ _6\"> </span>10 <span class=\"_ _6\"> </span>ottobre <span class=\"_ _6\"> </span>2013<span class=\"_ _e\"></span><span class=\"ff1f\">, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>Corte </span>d\u2019<span class=\"ff1f\">A</span>ppello d<span class=\"_ _1\"></span>i Mi<span class=\"_ _1\"></span>lano all\u2019ud<span class=\"_ _1\"></span>ienza d<span class=\"_ _1\"></span>el 9 <span class=\"_ _1\"></span>luglio 2<span class=\"_ _1\"></span>021<span class=\"ff1f\"> aveva <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ideterminato <span class=\"_ _2\"></span>la pena in <span class=\"_ _1\"></span>anni 2 e <span class=\"_ _1\"></span>6 <span class=\"_ _1\"></span>mesi d<span class=\"_ _1\"></span>i rec<span class=\"_ _1\"></span>lusione </span>ed <span class=\"_ _3\"></span>Euro 600 di<span class=\"_ _3\"></span> multa <span class=\"_ _3\"></span>e <span class=\"ff22\">confermato la <span class=\"_ _3\"></span>sentenza di <span class=\"_ _3\"></span>condanna dell\u2019ex dipendente al r<span class=\"_ _3\"></span>isarcimento dei danni. <span class=\"_ _e\"></span></span>Nel corso de<span class=\"_ _1\"></span>ll\u2019esercizio <span class=\"_ _1\"></span>2022 l<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Cassazione <span class=\"_ _1\"></span>ha dic<span class=\"_ _1\"></span>hiarato <span class=\"_ _2\"></span>inammissibile il <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>icorso p<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>oposto <span class=\"_ _1\"></span>dell\u2019ex d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>pendente e <span class=\"_ _2\"></span>la sentenza \u00e8 passata <span class=\"_ _1\"></span>in giudicato. Con <span class=\"_ _2\"></span>ri<span class=\"_ _3\"></span>ferimento <span class=\"_ _2\"></span>al <span class=\"_ _1\"></span>contratto<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>di comprave<span class=\"_ _1\"></span>ndita <span class=\"_ _2\"></span>di RCS <span class=\"_ _2\"></span>Libri <span class=\"_ _2\"></span>S.p.A., desc<span class=\"_ _1\"></span>ritto <span class=\"_ _2\"></span>nelle r<span class=\"_ _1\"></span>elazioni <span class=\"_ _2\"></span>finanziarie <span class=\"_ _2\"></span>annuali 2016-2021 <span class=\"_ _11\"></span><span class=\"ff22\">di <span class=\"_ _6\"></span>RCS, <span class=\"_ _e\"></span>e <span class=\"_ _6\"> </span>all\u2019<span class=\"ff24\">earn-out <span class=\"_ _11\"></span></span></span>ivi <span class=\"_ _6\"></span>previsto, <span class=\"_ _11\"></span>si <span class=\"_ _11\"></span>segnala <span class=\"_ _11\"></span>che <span class=\"_ _6\"></span>sono <span class=\"_ _11\"></span>state <span class=\"_ _11\"></span>attivate <span class=\"_ _6\"></span>e <span class=\"_ _e\"></span>sono <span class=\"_ _11\"></span><span class=\"ff22\">tutt\u2019ora</span> <span class=\"_ _e\"></span><span class=\"ls2\">in</span> <span class=\"_ _11\"></span>corso <span class=\"_ _11\"></span><span class=\"ls16\">le</span> procedure necessari<span class=\"_ _1\"></span>e <span class=\"ls4\">ad</span> accertare <span class=\"ls2\">la</span> sussistenza<span class=\"_ _1\"></span> <span class=\"ls7\">(o</span> <span class=\"ff22\">meno) <span class=\"_ _3\"></span>dei presupposti all\u2019erogazione di <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span><span class=\"ff24\">earn-out </span></span>e, in tal caso, alla sua <span class=\"_ _1\"></span>determina<span class=\"_ _1\"></span>zione, cos\u00ec com<span class=\"_ _1\"></span>e stabilito nel cont<span class=\"_ _1\"></span>ratto di cess<span class=\"_ _1\"></span>ione. Di seguito si elencano<span class=\"_ _1\"></span> le principali g<span class=\"_ _1\"></span>aranzie prestate d<span class=\"_ _1\"></span>al Gru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o:<span class=\"_ _2\"></span> <span class=\"ff1f fc0 ls77\">le<span class=\"ls0\"> f<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>de<span class=\"_ _2\"></span>j<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>s<span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>io<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>g<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>av<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>li<span class=\"_ _2\"></span> p<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>st<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> c<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>mp<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>ss<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span> a<span class=\"_ _2\"></span> E<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span> 26,3 <span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span><span class=\"ls64\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>en<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>o <span class=\"_ _0\"></span><span class=\"ls1\">di<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>E<span class=\"_ _2\"></span>ur<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>3,<span class=\"_ _2\"></span>5 <span class=\"_ _2\"></span>mi<span class=\"_ _1\"></span>li<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i </span></span></span></span></span></span>ri<span class=\"_ _2\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _6\"></span><span class=\"ff22\">al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _2\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>zi<span class=\"_ _2\"></span>o<span class=\"ff1f\"> <span class=\"_ _6\"></span>pr<span class=\"_ _2\"></span>ec<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>ent<span class=\"_ _2\"></span>e.<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pr<span class=\"_ _2\"></span>inc<span class=\"_ _2\"></span>ip<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>te<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pe<span class=\"_ _2\"></span>r <span class=\"_ _6\"></span><span class=\"ls4d\">le</span> <span class=\"_ _6\"></span>fi<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>iu<span class=\"_ _2\"></span>ss<span class=\"_ _1\"></span>io<span class=\"_ _2\"></span>ni<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ri<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>as<span class=\"_ _2\"></span>ci<span class=\"_ _1\"></span>at<span class=\"_ _2\"></span>e <span class=\"_ _7\"></span>dal <span class=\"_ _11\"></span>gr<span class=\"_ _1\"></span>upp<span class=\"_ _2\"></span>o <span class=\"_ _6\"></span>m-<span class=\"_ _1\"></span>Dis<span class=\"_ _2\"></span> <span class=\"_ _6\"></span><span class=\"ls3\">ad</span> <span class=\"_ _6\"></span>oper<span class=\"_ _1\"></span>ato<span class=\"_ _2\"></span>ri <span class=\"_ _6\"></span><span class=\"ls6\">di</span> </span></span>tele<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ia <span class=\"_ _12\"> </span>a <span class=\"_\"> </span>ga<span class=\"_ _2\"></span>ranzi<span class=\"_ _2\"></span>a <span class=\"_\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_\"> </span>c<span class=\"_ _2\"></span>orre<span class=\"_ _1\"></span>tto <span class=\"_ _12\"> </span>ade<span class=\"_ _2\"></span>mpime<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>dei<span class=\"_ _1\"></span> <span class=\"_\"> </span>c<span class=\"_ _2\"></span>ontra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i <span class=\"_\"> </span>d<span class=\"_ _2\"></span>i <span class=\"_ _f\"> </span>distribuzione<span class=\"ls54\">. <span class=\"_ _16\"> </span></span>La<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>vo<span class=\"_ _2\"></span>ce<span class=\"_ _2\"></span> <span class=\"_ _f\"> </span>inoltr<span class=\"_ _3\"></span>e <span class=\"_ _f\"> </span>comprende<span class=\"_ _1\"></span> fidejussioni <span class=\"_ _12\"> </span>prestate <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>favore <span class=\"_ _12\"> </span>dell\u2019A<span class=\"_ _1\"></span>mministrazion<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>Pubblica <span class=\"_ _12\"> </span><span class=\"ls4\">ed</span> <span class=\"_ _12\"> </span>altri <span class=\"_ _12\"> </span>enti <span class=\"_ _12\"> </span>pubblici <span class=\"_ _a\"> </span>per <span class=\"_ _a\"> </span>manifestazioni <span class=\"_ _a\"> </span>di concorsi <span class=\"_ _2\"></span>a <span class=\"_ _1\"></span>premi, <span class=\"_ _2\"></span>concessio<span class=\"_ _1\"></span>ni <span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>contenziosi. <span class=\"ff1f fc0 ls2\">le<span class=\"ls0\"> alt<span class=\"_ _1\"></span>re garanzi<span class=\"_ _1\"></span>e sono <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Euro 16,2 <span class=\"_ _2\"></span>milioni, <span class=\"ls2\">in</span> <span class=\"_ _1\"></span>incre<span class=\"_ _1\"></span>mento <span class=\"ls6\">di</span> Euro <span class=\"_ _1\"></span>4,2 <span class=\"_ _1\"></span>milioni r<span class=\"_ _1\"></span>ispetto <span class=\"ls4\">al<span class=\"_ _1\"></span><span class=\"ls0\"> 31 <span class=\"_ _3\"></span>dicembre 2021<span class=\"_ _3\"></span> </span></span></span></span>per <span class=\"_ _e\"></span>nuove <span class=\"_ _3\"></span>garanzie <span class=\"_ _3\"></span>rilasciate <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>favore dell\u2019Agenzia <span class=\"_ _e\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _e\"></span>En<span class=\"_ _1\"></span>trate <span class=\"_ _3\"></span>per <span class=\"_ _e\"></span>Crediti <span class=\"_ _3\"></span>IVA<span class=\"ff1f\"> (Euro <span class=\"_ _2\"></span>3,9 mi<span class=\"_ _1\"></span>lioni). <span class=\"_ _2\"></span><span class=\"ls8\">La<span class=\"ls0\"> voce<span class=\"_ _1\"></span> </span></span></span>inoltre <span class=\"_ _2\"></span>comprende <span class=\"_ _0\"></span><span class=\"ls2\">la<span class=\"ls0\"> <span class=\"_ _2\"></span>manleva <span class=\"_ _2\"></span>rilasciata <span class=\"_ _2\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>favore <span class=\"_ _2\"></span><span class=\"ff22\">dell\u2019A<span class=\"_ _2\"></span>genz<span class=\"_ _3\"></span>ia per lo Sviluppo dell\u2019Editoria e a f<span class=\"_ _3\"></span>avore di SIAE </span></span></span>per rimborsi ricevu<span class=\"_ _1\"></span>ti. <span class=\"ff1f fc0\">gli <span class=\"_ _2\"></span>impegni <span class=\"_ _0\"></span>ammontano <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>3 <span class=\"_ _2\"></span>milioni, <span class=\"_ _0\"></span>in <span class=\"_ _2\"></span>diminuzione <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>0<span class=\"ff22\">,4 <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _2\"></span>risp<span class=\"_ _1\"></span>etto <span class=\"_ _2\"></span>all\u2019eserc<span class=\"_ _1\"></span>izio <span class=\"_ _2\"></span>preceden<span class=\"_ _1\"></span>te. </span></span>La <span class=\"_ _12\"> </span>voce <span class=\"_ _a\"> </span>comprende <span class=\"_ _12\"> </span>gli <span class=\"_ _12\"> </span>impegni <span class=\"_ _a\"> </span>contrattuali <span class=\"_ _12\"> </span>(esist<span class=\"_ _1\"></span>enti <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>potenziali) <span class=\"_ _12\"> </span>relat<span class=\"_ _1\"></span>ivi <span class=\"_ _12\"> </span>al <span class=\"_ _a\"> </span>per<span class=\"_ _3\"></span>sonale <span class=\"_ _12\"> </span>e <span class=\"_ _a\"> </span>si <span class=\"_ _12\"> </span>riferiscono unicamente <span class=\"_ _11\"></span>ad <span class=\"_ _6\"></span>accordi <span class=\"_ _11\"></span>in <span class=\"_ _6\"></span>vigore <span class=\"_ _6\"></span>al <span class=\"_ _11\"></span>31<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>dicembre <span class=\"_ _11\"></span>2022 <span class=\"_ _6\"></span>soggetti <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>clausole <span class=\"_ _11\"></span>contrattuali <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>quella <span class=\"_ _6\"></span>data <span class=\"_ _11\"></span>sotto <span class=\"_ _6\"></span>il controllo esclus<span class=\"_ _1\"></span>ivo del Gru<span class=\"_ _1\"></span>ppo. Tali impegn<span class=\"_ _1\"></span>i sono sottoscr<span class=\"_ _1\"></span>itti con parti <span class=\"_ _1\"></span>correlate p<span class=\"_ _1\"></span>er Euro 0,7 milioni. Si evidenzia<span class=\"_ _1\"></span> inolt<span class=\"_ _1\"></span>re che <span class=\"_ _1\"></span>nell<span class=\"_ _1\"></span>\u2019ambito de<span class=\"_ _1\"></span>lle c<span class=\"_ _1\"></span>essioni o <span class=\"_ _2\"></span>conferimenti di p<span class=\"_ _2\"></span>artecipaz<span class=\"_ _3\"></span>ioni o <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ami <span class=\"_ _1\"></span>d\u2019azienda <span class=\"_ _2\"></span>effettuate dal <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>RCS, <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _7\"></span>Gruppo <span class=\"_ _6\"></span>RCS <span class=\"_ _6\"></span>ha <span class=\"_ _7\"></span>concesso <span class=\"_ _7\"></span>garanzie <span class=\"_ _6\"></span>pr<span class=\"_ _3\"></span>evalentement<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _7\"></span>natura <span class=\"_ _7\"></span>fiscale, <span class=\"_ _6\"></span>previdenziale <span class=\"_ _6\"></span>e lavoristiche anco<span class=\"_ _1\"></span>ra attive. T<span class=\"_ _1\"></span>ali garanzie s<span class=\"_ _1\"></span>ono state ri<span class=\"_ _1\"></span>lasciate secondo us<span class=\"_ _1\"></span>i e condizioni d<span class=\"_ _1\"></span>i 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=\"_ _6\"></span>sensi <span class=\"_ _6\"></span>dell\u2019art. <span class=\"_ _11\"></span>1 <span class=\"_ _6\"> </span>commi <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>125 <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>129 <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>Legge <span class=\"_ _11\"></span>4 <span class=\"_ _6\"> </span>agost<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>20<span class=\"_ _3\"></span><span class=\"ff1f\">17 <span class=\"_ _6\"></span>n. <span class=\"_ _6\"></span>124, <span class=\"_ _6\"></span>relativa<span class=\"_ _1\"></span>mente <span class=\"_ _6\"></span>agli <span class=\"_ _6\"></span>obblighi <span class=\"_ _11\"></span>di </span>pubblicazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>sovvenzi<span class=\"_ _1\"></span>oni, <span class=\"_ _6\"></span>contributi, <span class=\"_ _6\"></span>incarichi <span class=\"_ _11\"></span>retribuiti <span class=\"_ _6\"></span>e <span class=\"_ _7\"></span>comunque <span class=\"_ _11\"></span>vantaggi <span class=\"_ _6\"></span>economici <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>qualunque genere <span class=\"_ _e\"></span>ricevuti <span class=\"_ _3\"></span>dalle <span class=\"_ _e\"></span>pubbliche <span class=\"_ _e\"></span>amministr<span class=\"_ _1\"></span>azioni, <span class=\"_ _3\"></span> <span class=\"_ _11\"></span>si <span class=\"_ _e\"></span>segnala <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>gli <span class=\"_ _e\"></span>Enti <span class=\"_ _3\"></span>erogatori <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>tenuti <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>pubblicare <span class=\"_ _e\"></span><span class=\"ls16\">i </span>contributi <span class=\"_ _251\"> </span>sul <span class=\"_ _251\"> </span>Registro <span class=\"_ _251\"> </span>nazionale <span class=\"_ _251\"> </span>degli <span class=\"_ _251\"> </span>aiuti, <span class=\"_ _251\"> </span>accessibile <span class=\"_ _251\"> </span>al <span class=\"_ _251\"> </span>seguente <span class=\"_ _251\"> </span>indirizzo:<span class=\"_ _3\"></span>  in materia di aiu<span class=\"_ _1\"></span>ti di Stato e d<span class=\"_ _1\"></span>i aiuti de m<span class=\"_ _1\"></span>inimis. 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) si<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>segnala l\u2019indicazione<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _3\"></span>relativa <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>riconoscimento </span>del <span class=\"_ _6\"></span>credito <span class=\"_ _11\"></span>d\u2019imposta <span class=\"_ _6\"></span>a <span class=\"_ _11\"></span>favore <span class=\"_ _6\"> </span>delle <span class=\"_ _6\"></span>imprese <span class=\"_ _11\"></span>editrici <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>quotidiani <span class=\"_ _11\"></span>e <span class=\"_ _6\"> </span>di <span class=\"_ _6\"></span>periodici <span class=\"_ _11\"></span>per <span class=\"_ _6\"> </span>le <span class=\"_ _6\"></span>spese <span class=\"_ _11\"></span>sostenute <span class=\"_ _6\"> </span>per l'acquisto della ca<span class=\"_ _1\"></span>rta e per la distr<span class=\"_ _1\"></span>ibuzione de<span class=\"_ _1\"></span>lle testate <span class=\"_ _1\"></span>edite Si <span class=\"_ _6\"></span>evidenzia <span class=\"_ _11\"></span>inoltre <span class=\"_ _6\"></span>che <span class=\"_ _11\"></span>non <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _11\"></span>considerati <span class=\"_ _6\"></span>gli <span class=\"_ _11\"></span>importi <span class=\"_ _6\"></span>inerenti <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>transazioni <span class=\"_ _11\"></span>commerciali<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>realizzate<span class=\"_ _1\"></span> nell\u2019esercizio che p<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>evedono un co<span class=\"_ _1\"></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. R<span class=\"_ _2\"></span>apport<span class=\"_ _2\"></span>i con<span class=\"_ _1\"></span> pa<span class=\"_ _1\"></span>rt<span class=\"_ _1\"></span>i c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>late<span class=\"_ _1\"></span> In <span class=\"_ _1\"></span>adempimento <span class=\"_ _2\"></span>a qua<span class=\"_ _1\"></span>nto <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ichiesto <span class=\"_ _2\"></span>con co<span class=\"_ _1\"></span>municazione <span class=\"_ _2\"></span>Consob a<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>sensi dell\u2019a<span class=\"_ _1\"></span>rticolo <span class=\"_ _2\"></span>114, comma<span class=\"ff1f\"> <span class=\"_ _0\"></span>5, <span class=\"_ _2\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _0\"></span><span class=\"ls15\">D.<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>Lgs. </span></span></span>n.58/98, protocollo <span class=\"_ _3\"></span>numero 13046378 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>27 <span class=\"_ _3\"></span>maggio <span class=\"_ _3\"></span>2013, <span class=\"ls33\">si</span> <span class=\"_ _3\"></span>riportano <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>nota <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>rapporti <span class=\"_ _7\"></span>verso <span class=\"_ _6\"></span>parti correlate del Gruppo<span class=\"_ _1\"></span>. Le<span class=\"ls0\"> proc<span class=\"_ _1\"></span>edure <span class=\"_ _1\"></span>adottate <span class=\"_ _2\"></span>dal Gruppo <span class=\"_ _2\"></span>per <span class=\"ls2\">le</span> <span class=\"_ _2\"></span>operazioni <span class=\"_ _1\"></span>con <span class=\"_ _2\"></span>par<span class=\"_ _3\"></span>ti co<span class=\"_ _1\"></span>rrelate, <span class=\"_ _2\"></span><span class=\"ls4\">ai<span class=\"ls0\"> fini <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> assi<span class=\"_ _1\"></span>curarne la trasparenza e la </span></span></span></span></span>correttezza <span class=\"_ _3\"></span>sostanziale <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>procedural<span class=\"_ _1\"></span>e, <span class=\"_ _3\"></span>sono <span class=\"_ _e\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>informativa <span class=\"_ _e\"></span><span class=\"ff22\">nella <span class=\"_ _3\"></span>\u201cRelazione</span> sul <span class=\"_ _3\"></span>Governo Societario e gli <span class=\"_ _6\"></span>Assetti <span class=\"_ _6\"></span><span class=\"ff22\">Proprietari\u201d</span> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>consultabili <span class=\"_ _6\"></span>sul <span class=\"_ _6\"></span>sito <span class=\"_ _6\"></span>della <span class=\"_ _a\"></span>socie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"> </span>nella <span class=\"_ _7\"></span>sezione<span class=\"_ _1\"></span> Corporate Governan<span class=\"_ _1\"></span>ce<span class=\"ff1f\">. </span>Le <span class=\"_ _2\"></span>operazioni <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>parti <span class=\"_ _2\"></span>correlate <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>maggiore <span class=\"_ _2\"></span>rilevanza <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>riservate <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>competenza <span class=\"_ _2\"></span>esclusiva <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>Consiglio di <span class=\"_ _12\"> </span>Amministrazione <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>possono <span class=\"_ _12\"> </span>formare <span class=\"_ _12\"> </span>oggetto <span class=\"_ _12\"> </span><span class=\"ls6\">di</span> <span class=\"_\"> </span>delega. Tali operazioni, cos\u00ec come <span class=\"_ _3\"></span>anche talune <span class=\"_ _3\"></span>di quelle <span class=\"_ _7\"></span>di <span class=\"_ _7\"></span>minore <span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>ilevanza,<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>sottoposte <span class=\"_ _7\"></span>al <span class=\"_ _a\"></span>preven<span class=\"_ _1\"></span>tivo <span class=\"_ _7\"></span>parere <span class=\"_ _7\"></span>del <span class=\"_ _7\"></span>Comitato <span class=\"_ _7\"></span>per <span class=\"_ _a\"></span>le <span class=\"_ _6\"></span>operazioni <span class=\"_ _7\"></span>con <span class=\"_ _a\"> </span>par<span class=\"_ _1\"></span>ti correlate ivi previ<span class=\"_ _1\"></span>sto. Sono state identif<span class=\"_ _1\"></span>icate come par<span class=\"_ _1\"></span>ti cor<span class=\"_ _1\"></span>re<span class=\"_ _2\"></span>late:<span class=\"_ _2\"></span> <span class=\"ff1f fs7 fc0 ls2\">le<span class=\"ls0\"> <span class=\"_ _11\"></span>entit\u00e0 <span class=\"_ _e\"></span>controllanti <span class=\"_ _e\"></span>dirette <span class=\"_ _e\"></span>e <span class=\"_ _11\"></span>indirette <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>Cairo <span class=\"_ _e\"></span>Communication <span class=\"_ _e\"></span>S.p.A., <span class=\"_ _e\"></span></span>le<span class=\"ls0\"> <span class=\"_ _11\"></span>loro <span class=\"_ _e\"></span>controllate, <span class=\"_ _e\"></span>le <span class=\"_ _7\"></span>collegate <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>l<span class=\"_ _3\"></span>e </span></span>consociate <span class=\"_ _3\"></span>del <span class=\"_ _e\"></span>Gruppo, <span class=\"_ _3\"></span>cos\u00ec <span class=\"_ _e\"></span>come r<span class=\"_ _3\"></span>iportato <span class=\"_ _3\"></span>nell\u2019elenco <span class=\"_ _3\"></span>allegato <span class=\"_ _e\"></span>alla <span class=\"_ _3\"></span>presente <span class=\"_ _e\"></span>R<span class=\"_ _1\"></span>elazione <span class=\"_ _3\"></span>Finanziaria <span class=\"_ _3\"></span>Annuale (\u201cElenco <span class=\"_\"> </span>partec<span class=\"ff1f\">ipazioni <span class=\"_\"> </span>di <span class=\"_ _16\"> </span>Gruppo <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>31 <span class=\"_ _16\"> </span>dicembre <span class=\"_\"> </span>2022</span>\u201d). <span class=\"_ _16\"> </span>La <span class=\"_ _16\"> </span>controllante <span class=\"_\"> </span>ultima <span class=\"_\"> </span>del<span class=\"_ _3\"></span> <span class=\"_\"> </span>Gruppo <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>U.T. Communication<span class=\"_ _1\"></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=\"_ _1\"></span>ci e dirigenti con responsabilit\u00e0 strat<span class=\"_ _1\"></span>egiche e i loro familiari st<span class=\"_ _1\"></span>ret<span class=\"_ _2\"></span>ti. 44. A<span class=\"_ _2\"></span>mmonta<span class=\"_ _2\"></span>re de<span class=\"_ _2\"></span>i compe<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>gl<span class=\"_ _1\"></span>i o<span class=\"_ _2\"></span>rgani <span class=\"_ _2\"></span>socia<span class=\"_ _1\"></span>li Con <span class=\"_ _7\"></span>riferimento <span class=\"_ _7\"></span>a <span class=\"_ _a\"> </span>Ca<span class=\"_ _1\"></span>iro <span class=\"_ _7\"></span>Communication <span class=\"_ _7\"></span>ed <span class=\"_ _a\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _7\"></span>sue <span class=\"_ _7\"></span>societ\u00e0 <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>rollate, <span class=\"_ _7\"></span>diverse <span class=\"_ _7\"></span>da <span class=\"_ _7\"></span>quelle <span class=\"_ _7\"></span>appartenenti <span class=\"_ _7\"></span>al Gruppo <span class=\"_ _4\"> </span>RCS, <span class=\"_ _5\"> </span>sono <span class=\"_ _4\"> </span>di <span class=\"_ _5\"> </span>seguito <span class=\"_ _4\"> </span>fornite <span class=\"_ _4\"> </span>le <span class=\"_ _5\"> </span>informazi<span class=\"_ _1\"></span>oni <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=\"_ _3\"></span> <span class=\"_ _4\"> </span>compensi <span class=\"_ _4\"> </span>agli Amministratori, <span class=\"_ _1\"></span>ai S<span class=\"_ _1\"></span>indaci, <span class=\"_ _1\"></span>ai Direttor<span class=\"_ _1\"></span>i Genera<span class=\"_ _1\"></span>li e a<span class=\"_ _1\"></span>i Dirigent<span class=\"_ _1\"></span>i con r<span class=\"_ _1\"></span>esponsabilit<span class=\"_ _1\"></span>\u00e0 strategiche nelle var<span class=\"_ _1\"></span>ie for<span class=\"_ _1\"></span>me in cui sono stati <span class=\"_ _1\"></span>loro corris<span class=\"_ _1\"></span>posti: Figur<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>pons<span class=\"_ _e\"></span>a<span class=\"_ _2\"></span>bil<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> s<span class=\"_ _11\"></span>tr<span class=\"_ _2\"></span>ate<span class=\"_ _e\"></span>gic<span class=\"_ _3\"></span>aCo<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>rviz<span class=\"_ _2\"></span>iCo<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti de<span class=\"_ _e\"></span>l De<span class=\"_ _e\"></span>biti<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>i e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>ltr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> (v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Eu<span class=\"_ _2\"></span>ro)pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>na<span class=\"_ _2\"></span>le<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>(RAL)pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiCo<span class=\"_ _2\"></span>nsi<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Am<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>straz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>- e<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>ol<span class=\"_ _0\"></span>um<span class=\"_ _2\"></span>enti(0,<span class=\"_ _2\"></span>3)--Co<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>egi<span class=\"_ _0\"></span>o Si<span class=\"_ _0\"></span>nd<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e - <span class=\"_ _3\"></span>emo<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti(0,<span class=\"_ _2\"></span>1)-0,<span class=\"_ _2\"></span>1Am<span class=\"_ _2\"></span>mi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>stra<span class=\"_ _3\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> del<span class=\"_ _2\"></span>eg<span class=\"_ _1\"></span>ati(1,<span class=\"_ _2\"></span>0)(0,<span class=\"_ _2\"></span>8)0,<span class=\"_ _2\"></span>5Di<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>enti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span> re<span class=\"_ _3\"></span>spo<span class=\"_ _2\"></span>nsab<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>strategi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a(0,<span class=\"_ _2\"></span>3)(1,<span class=\"_ _2\"></span>9)0,<span class=\"_ _2\"></span>4Totale(1,<span class=\"_ _2\"></span>7)(2,<span class=\"_ _2\"></span>7)1,<span class=\"_ _2\"></span>0Tali <span class=\"_ _6\"></span>informazioni <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>analizzate <span class=\"_ _11\"></span>in <span class=\"_ _7\"> </span>dettaglio <span class=\"_ _6\"></span>nell\u2019ap<span class=\"ff1f\">posita <span class=\"_ _6\"></span>Relazione <span class=\"_ _6\"></span>sulla <span class=\"_ _6\"></span>remunerazione <span class=\"_ _11\"></span>r<span class=\"_ _3\"></span>edatta <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>sensi </span>dell\u2019art. 123-ter de<span class=\"_ _1\"></span>l TUF. Il <span class=\"_ _11\"></span>bilancio <span class=\"_ _11\"></span>consolidato <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>Cairo <span class=\"_ _6\"></span>Com<span class=\"_ _1\"></span>munication <span class=\"_ _e\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _11\"></span>202<span class=\"_ _3\"></span>2 <span class=\"_ _11\"></span>include <span class=\"_ _11\"></span>inoltre, <span class=\"_ _11\"></span>per <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>7,8 <span class=\"_ _11\"></span>milioni, compensi agli Amministrat<span class=\"_ _1\"></span>ori, ai Sindaci e ai Dirigenti con responsabilit\u00e0 strategi<span class=\"_ _1\"></span>che riconducibi<span class=\"_ _1\"></span>li al Gruppo RCS come di segu<span class=\"_ _1\"></span>ito dettagliato<span class=\"_ _1\"></span>: Fi<span class=\"_ _1\"></span>g<span class=\"_ _3\"></span>ur<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>n r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>po<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>a<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> s<span class=\"_ _11\"></span>tr<span class=\"_ _2\"></span>ate<span class=\"_ _e\"></span>g<span class=\"_ _3\"></span>icaCo<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>viz<span class=\"_ _1\"></span>iCo<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ti de<span class=\"_ _e\"></span>l De<span class=\"_ _11\"></span>bi<span class=\"_ _2\"></span>ti dive<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>i e<span class=\"_ _e\"></span> (v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> Eu<span class=\"_ _1\"></span>ro<span class=\"_ _2\"></span>)p<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>rs<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>na<span class=\"_ _2\"></span>le<span class=\"_ _11\"></span> (RA<span class=\"_ _3\"></span>L)a<span class=\"_ _2\"></span>ltr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0co<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiCo<span class=\"_ _2\"></span>nsi<span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Am<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>straz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne(4<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)-<span class=\"_ _17b\"> </span><span class=\"ff27\">1,<span class=\"_ _2\"></span>5</span>Co<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>eg<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> Si<span class=\"_ _0\"></span>nd<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e - <span class=\"_ _3\"></span>em<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>ent<span class=\"_ _1\"></span>i(0<span class=\"_ _1\"></span>,2<span class=\"_ _2\"></span>)-<span class=\"_ _17b\"> </span><span class=\"ff27\">0,<span class=\"_ _2\"></span>2</span>Di<span class=\"_ _2\"></span>ri<span class=\"_ _0\"></span>gen<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> con<span class=\"_ _2\"></span> re<span class=\"_ _3\"></span>spo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>sa<span class=\"_ _3\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>strate<span class=\"_ _3\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ca-<span class=\"_ _268\"> </span><span class=\"ff27\">(3<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _17b\"> </span>0,5</span>Totale(4<span class=\"_ _1\"></span>,5<span class=\"_ _2\"></span>)<span class=\"_ _268\"> </span>(3,3<span class=\"_ _2\"></span>)<span class=\"_ _17b\"> </span>2,2Per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>figure <span class=\"_ _11\"></span>che <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _11\"></span>RCS <span class=\"_ _6\"></span>indentifica <span class=\"_ _6\"></span>come <span class=\"_ _11\"></span>figure <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>responsabil<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _6\"></span>strategica <span class=\"_ _11\"></span>si <span class=\"_ _6\"></span>rimanda<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>quanto elencato <span class=\"_ _1d5\"> </span>nella <span class=\"_ _1d5\"> </span>Sezione <span class=\"_ _1d5\"> </span>I <span class=\"_ _1d5\"> </span>della <span class=\"_ _1d5\"> </span>Relazione <span class=\"_ _1d5\"> </span>sulla <span class=\"_ _1d5\"> </span>Remunerazion<span class=\"_ _1\"></span>e <span class=\"_ _1d5\"> </span>pubblicata <span class=\"_ _1d5\"> </span>su <span class=\"_ _1c\"> </span>sito <span class=\"_ _1d5\"> </span>internet Per <span class=\"_ _3\"></span>ulteriori <span class=\"_ _3\"></span>informazioni circa <span class=\"_ _3\"></span>gli <span class=\"_ _e\"></span>impegni verso <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>figure <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>esponsab<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_ _3\"></span>strategica <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>RCS<span class=\"_ _3\"></span> MediaGroup S.p.A. <span class=\"ls33\">si</span> riman<span class=\"_ _1\"></span>da a quanto desc<span class=\"_ _1\"></span>ritto nella Relazion<span class=\"_ _1\"></span>e sulla Remuner<span class=\"_ _1\"></span>azione di <span class=\"_ _e\"></span>RCS <span class=\"_ _12\"> </span>pubblicata <span class=\"_ _3\"></span>sul 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=\"_ _2\"></span>nforma<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>su<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i Il <span class=\"_\"> </span>Gruppo <span class=\"_ _12\"> </span>gestisce <span class=\"_\"> </span>la <span class=\"_\"> </span>st<span class=\"_ _1\"></span>ruttura <span class=\"_\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_\"> </span>capitale <span class=\"_ _12\"> </span>e <span class=\"_\"> </span>i <span class=\"_\"> </span>rischi <span class=\"_\"> </span>fi<span class=\"_ _1\"></span>nanziari <span class=\"_ _12\"> </span>in <span class=\"_\"> </span>coerenza <span class=\"_ _12\"> </span>con <span class=\"_\"> </span>la <span class=\"_\"> </span>strut<span class=\"_ _1\"></span>tura <span class=\"_\"> </span>dell\u2019<span class=\"_ _1\"></span>attivo patrimoniale, <span class=\"_ _e\"></span>con <span class=\"_ _e\"></span>l\u2019obiettivo <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>mantenere <span class=\"_ _e\"></span>nel <span class=\"_ _e\"></span>tempo <span class=\"_ _e\"></span>un <span class=\"_ _11\"></span>rating <span class=\"_ _e\"></span>creditizio <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>livelli <span class=\"_ _11\"></span>degli<span class=\"_ _3\"></span><span class=\"ff1f\"> indicatori di capitale </span>adeguati <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>coerenti, <span class=\"_ _2\"></span>tenendo<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span><span class=\"ff22\">dell\u2019attuale<span class=\"ff1f\"> <span class=\"_ _2\"></span>dina<span class=\"_ _1\"></span>mica <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>offerta d<span class=\"_ _1\"></span>i credito in Itali<span class=\"_ _1\"></span>a e Spagna. </span></span>Il<span class=\"ls0\"> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span>monitora <span class=\"_ _2\"></span>costantemente <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>rischi <span class=\"_ _2\"></span>finanziar<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>connessi <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>proprie <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>quelle <span class=\"_ _2\"></span>relative <span class=\"_ _2\"></span>alle <span class=\"_ _1\"></span>proprie </span>societ\u00e0 controllat<span class=\"_ _1\"></span>e. Ris<span class=\"_ _2\"></span>chio <span class=\"_ _2\"></span>di ta<span class=\"_ _2\"></span>sso<span class=\"_ _1\"></span> Il <span class=\"_ _7\"> </span>risc<span class=\"_ _3\"></span>hio <span class=\"_ _7\"> </span>di <span class=\"_ _a\"> </span>tasso <span class=\"_ _7\"> </span>d\u2019interesse <span class=\"_ _7\"> </span>consiste <span class=\"_ _a\"> </span>in <span class=\"_ _7\"> </span>possibili <span class=\"_ _7\"> </span>ed <span class=\"_ _a\"> </span>eventuali <span class=\"_ _7\"> </span>maggiori<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _7\"></span>oneri <span class=\"_ _7\"></span>fi<span class=\"_ _3\"></span>nanziari <span class=\"_ _7\"></span>derivanti <span class=\"_ _e\"></span>da <span class=\"_ _11\"></span>una </span>sfavorevole <span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>inattesa <span class=\"_ _1\"></span>var<span class=\"_ _1\"></span>iazione <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>tassi d<span class=\"_ _1\"></span>\u2019interesse. <span class=\"_ _2\"></span>Al <span class=\"_ _2\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _2\"></span>2022 <span class=\"ls16\">il<span class=\"_ _3\"></span></span> Gruppo <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>esposto a <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span>rischio per le proprie pass<span class=\"_ _1\"></span>ivit\u00e0 fina<span class=\"_ _1\"></span>nziarie a tasso va<span class=\"_ _1\"></span>riabile. Con <span class=\"_ _1\"></span>riferimento<span class=\"_ _1\"></span> <span class=\"ls3\">al</span> <span class=\"_ _2\"></span>Gruppo <span class=\"_ _1\"></span><span class=\"ls30\">RCS<span class=\"ls0\"> <span class=\"_ _1\"></span>che <span class=\"_ _2\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span><span class=\"ls0\"> 31 <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></span>2022 p<span class=\"_ _1\"></span>resenta <span class=\"_ _2\"></span>una pos<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>zione <span class=\"_ _1\"></span>finanzi<span class=\"_ _1\"></span>aria netta negativa per </span></span></span></span>Euro 31,6 milion<span class=\"_ _1\"></span>i: <span class=\"ff22 fs7 fc0\">la <span class=\"_ _e\"></span>gestione del <span class=\"_ _3\"></span>rischio <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>d\u2019interesse <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 che <span class=\"_ _e\"></span>definiscono 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=\"_ _3\"></span><span class=\"ff22\">funzioni <span class=\"_ _3\"></span>coinvolte all\u2019interno <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>processo. Non </span>\u00e8 ammesso l\u2019ut<span class=\"_ _1\"></span>ilizzo di stru<span class=\"_ _1\"></span>menti deriva<span class=\"_ _1\"></span>ti con finalit\u00e0<span class=\"_ _1\"></span> speculative<span class=\"_ _1\"></span>;<span class=\"ff1f\"> </span><span class=\"ff1f fs7 fc0 ls4\">al<span class=\"ls0\"> <span class=\"_ _e\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _e\"></span>2022 <span class=\"_ _3\"></span><span class=\"ls2\">la</span> <span class=\"_ _e\"></span>quota <span class=\"_ _3\"></span>parte <span class=\"_ _e\"></span>dei <span class=\"_ _3\"></span>debiti <span class=\"_ _e\"></span>contrattualmen<span class=\"_ _1\"></span>te <span class=\"_ _e\"></span>coperti <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>tasso <span class=\"_ _3\"></span>fisso <span class=\"_ _e\"></span>ante <span class=\"_ _e\"></span>IFR<span class=\"_ _1\"></span>S <span class=\"_ _7\"></span>o <span class=\"_ _7\"></span>trasformata </span></span>tramite <span class=\"_ _e\"></span><span class=\"ff24\">interest <span class=\"_ _3\"></span>rate <span class=\"_ _e\"></span>swap <span class=\"_ _11\"></span></span>(IRS), <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _e\"></span>pari <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>circa <span class=\"_ _3\"></span>il <span class=\"_ _11\"></span>35% <span class=\"_ _e\"></span>(al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _e\"></span>2021 <span class=\"_ _2\"></span>era<span class=\"_ _3\"></span> d<span class=\"_ _1\"></span>i <span class=\"_ _e\"></span>poco <span class=\"_ _e\"></span>superiore<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls4\">al</span> 100<span class=\"ls5\">%).<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span>L\u2019obiettivo<span class=\"ff1f\"> <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>copertura <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>stato pe<span class=\"_ _1\"></span>rseguito <span class=\"_ _2\"></span>mediante <span class=\"_ _2\"></span>i c<span class=\"_ _2\"></span>ontratti de<span class=\"_ _1\"></span>rivati <span class=\"_ _3\"></span>sopra <span class=\"_ _3\"></span>individuati stipulati <span class=\"_ _3\"></span>con <span class=\"_ _e\"></span>primar<span class=\"_ _1\"></span>ie </span>istituzioni finanziarie ad <span class=\"_ _3\"></span>elevato rating. <span class=\"_ _3\"></span>In merito si <span class=\"_ _3\"></span>rammenta che, <span class=\"_ _3\"></span>nel caso degli IRS <span class=\"ls33\">si</span> ha <span class=\"ls2\">la</span> <span class=\"_ _3\"></span>trasformaz<span class=\"_ _1\"></span>ione del <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span>variabile <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span>fisso <span class=\"_ _2\"></span>(o v<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>ceversa) <span class=\"_ _2\"></span>tramite <span class=\"_ _2\"></span>lo <span class=\"_ _2\"></span>scambio <span class=\"_ _2\"></span>periodico, <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>la c<span class=\"_ _1\"></span>ontroparte <span class=\"_ _2\"></span>finanziaria,<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>della </span></span>differenza <span class=\"_ _11\"></span>fra <span class=\"_ _11\"></span>gli <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>nteressi <span class=\"_ _e\"></span>a <span class=\"_ _6\"></span>tasso <span class=\"_ _11\"></span>fisso <span class=\"_ _6\"></span>(tasso <span class=\"_ _11\"></span>Swap) <span class=\"_ _11\"></span>e <span class=\"_ _6\"></span>gli <span class=\"_ _11\"></span>interessi <span class=\"_ _11\"></span>a <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>variabile, <span class=\"_ _11\"></span>entrambi <span class=\"_ _11\"></span>calcolati <span class=\"_ _11\"></span>sul valore <span class=\"_ _6\"></span>nozionale <span class=\"_ _6\"></span>contrattuale. <span class=\"_ _6\"></span><span class=\"ls27\">Si</span> <span class=\"_ _7\"></span>segnala <span class=\"_ _6\"></span>che <span class=\"_ _7\"></span>nel <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>per <span class=\"_ _7\"></span><span class=\"ls30\">RCS</span> <span class=\"_ _6\"></span>non <span class=\"_ _7\"></span>sono <span class=\"_ _6\"></span>st<span class=\"_ _3\"></span>ati <span class=\"_ _7\"></span>stipulati <span class=\"_ _6\"></span>nuovi <span class=\"_ _12\"> </span>contratti <span class=\"_ _a\"> </span>di copertura tassi. Con riferimento a <span class=\"_ _3\"></span>Cairo <span class=\"_ _3\"></span>Communicat<span class=\"_ _1\"></span>ion e <span class=\"_ _3\"></span>alle societ\u00e0 da <span class=\"_ _3\"></span>questa <span class=\"_ _3\"></span>contro<span class=\"_ _1\"></span>llate diverse <span class=\"_ _3\"></span>da quelle <span class=\"_ _11\"></span>appartenenti <span class=\"_ _11\"></span><span class=\"ls3\">al<span class=\"_ _3\"></span></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 positiva <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>16,4 milioni, <span class=\"_ _3\"></span>la <span class=\"_ _e\"></span>quota<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>parte dei debiti con<span class=\"_ _1\"></span>trattualmente coper<span class=\"_ _1\"></span>ta con Interest Ra<span class=\"_ _1\"></span>te Cap \u00e8 pari<span class=\"_ _1\"></span> al 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=\"_ _16\"> </span>def<span class=\"_ _1\"></span>in<span class=\"_ _2\"></span>ito con<span class=\"_ _2\"></span>tratt<span class=\"_ _1\"></span>ual<span class=\"_ _2\"></span>mente<span class=\"_ _1\"></span>, <span class=\"ls16\">la</span> <span class=\"_ _e\"></span>con<span class=\"_ _2\"></span>trop<span class=\"_ _2\"></span>arte <span class=\"_ _3\"></span>fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>liqu<span class=\"_ _1\"></span>ida<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>fa<span class=\"_ _1\"></span>vo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>dell<span class=\"_ _2\"></span>e <span class=\"_ _e\"></span>so<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>et\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gru<span class=\"_ _2\"></span>ppo<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>che<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>hanno <span class=\"_ _e\"></span>sottoscrit<span class=\"_ _1\"></span>to <span class=\"_ _e\"></span>il derivato, la d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>fferenza <span class=\"_ _1\"></span>tra il <span class=\"_ _2\"></span>t<span class=\"_ _3\"></span>asso con<span class=\"_ _1\"></span>trattuale e <span class=\"_ _1\"></span>il tasso variabile<span class=\"_ _1\"></span> <span class=\"_ _4\"> </span><span class=\"ff22\">di mercato, in <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>odo <span class=\"_ _1\"></span>tale da r<span class=\"_ _1\"></span>iportare l<span class=\"_ _1\"></span>\u2019onere </span>finanziario di co<span class=\"_ _1\"></span>mpetenza delle so<span class=\"_ _1\"></span>ciet\u00e0 del G<span class=\"_ _1\"></span>ruppo al livel<span class=\"_ _1\"></span>lo del tasso contr<span class=\"_ _1\"></span>attuale. Se<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ty <span class=\"_ _1\"></span>ana<span class=\"_ _1\"></span>ly<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>s Nella <span class=\"_ _e\"></span>tabella <span class=\"_ _11\"></span>seguente <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>es<span class=\"_ _3\"></span>posti <span class=\"_ _e\"></span>i <span class=\"_ _11\"></span>risultati <span class=\"_ _e\"></span>dell<span class=\"_ _3\"></span><span class=\"ls4\">a <span class=\"_ _e\"></span></span><span class=\"ff24\">sensitivity <span class=\"_ _11\"></span>analysis <span class=\"_ _e\"></span><span class=\"ff22\">sul <span class=\"_ _11\"></span>rischio <span class=\"_ _e\"></span>di <span class=\"_ _11\"></span>tasso <span class=\"_ _11\"></span>con <span class=\"_ _e\"></span>l\u2019indicazione </span></span>degli <span class=\"_ _a\"> </span>impatt<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>a <span class=\"_ _a\"> </span>conto <span class=\"_ _7\"> </span>economico <span class=\"_ _a\"> </span>e <span class=\"_ _a\"> </span>patri<span class=\"_ _1\"></span>monio <span class=\"_ _a\"> </span>nett<span class=\"_ _1\"></span>o, <span class=\"_ _7\"> </span>cos\u00ec<span class=\"_ _3\"></span> <span class=\"_ _a\"> </span>come <span class=\"_ _7\"> </span>richiesto <span class=\"_ _a\"> </span>dall\u2019IFR<span class=\"_ _1\"></span>S<span class=\"_ _3\"></span><span class=\"ff1f\"> <span class=\"_ _11\"></span>7. <span class=\"_ _11\"></span>Tale <span class=\"_ _11\"></span>analisi <span class=\"_ _11\"></span>\u00e8 <span class=\"_ _11\"></span>stata </span>condotta <span class=\"_ _2\"></span>assum<span class=\"_ _1\"></span>endo <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>variazion<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>+/-<span class=\"ls6\">1%<span class=\"_ _3\"></span></span> <span class=\"_ _2\"></span>nelle <span class=\"_ _2\"></span>curv<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>dei tassi di rife<span class=\"_ _1\"></span>rimento pe<span class=\"_ _1\"></span>r singola divi<span class=\"_ _1\"></span>sa. Ana<span class=\"_ _2\"></span>lis<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>ns<span class=\"_ _3\"></span>ibi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ul r<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>chio di ta<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> s<span class=\"_ _11\"></span>u Sotto<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>ta<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>teIncr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>m<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nto Im<span class=\"_ _1\"></span>pa<span class=\"_ _2\"></span>tti aIm<span class=\"_ _1\"></span>pa<span class=\"_ _2\"></span>tti a<span class=\"_ _2\"></span> pos<span class=\"_ _e\"></span>te<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a ta<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>bi<span class=\"_ _1\"></span>lem<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>dio(r<span class=\"_ _2\"></span>idu<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> de<span class=\"_ _e\"></span>lco<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomi<span class=\"_ _1\"></span>copa<span class=\"_ _2\"></span>tr<span class=\"_ _2\"></span>im<span class=\"_ _1\"></span>oniota<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>)ne<span class=\"_ _e\"></span>tto2022<span class=\"_ _197\"> </span><span class=\"ls0\">(13<span class=\"_ _2\"></span>,9)<span class=\"_ _16b\"> </span><span class=\"ls78\">1%<span class=\"_ _93\"> </span></span>-<span class=\"_ _184\"> </span>0,3</span>2021<span class=\"_ _267\"> </span><span class=\"ls0\">24<span class=\"_ _2\"></span>,2<span class=\"_ _b0\"> </span><span class=\"ls78\">1%<span class=\"_ _22\"> </span></span>(0<span class=\"_ _2\"></span>,4)<span class=\"_ _184\"> </span>1<span class=\"_ _2\"></span>,1</span>2022<span class=\"_ _197\"> </span><span class=\"ls0\">(13<span class=\"_ _2\"></span>,9)<span class=\"_ _185\"> </span>-1%<span class=\"_ _98\"> </span>(0,2<span class=\"_ _2\"></span>)<span class=\"_ _10a\"> </span>(0<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)</span>2021<span class=\"_ _267\"> </span><span class=\"ls0\">24<span class=\"_ _2\"></span>,2<span class=\"_ _16b\"> </span>-1%<span class=\"_ _b3\"> </span>0,2<span class=\"_ _204\"> </span>(0,<span class=\"_ _2\"></span>8)</span>Al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre 202<span class=\"_ _3\"></span>2 <span class=\"_ _3\"></span><span class=\"ff22\">il <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>detiene strumenti <span class=\"_ _3\"></span>finanziari debitori <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>variabile. <span class=\"_ _3\"></span>Si <span class=\"_ _3\"></span>segnala l\u2019utilizzo <span class=\"_ _3\"></span>di </span>derivati <span class=\"_ _2\"></span>su <span class=\"_ _2\"></span>tassi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>interesse <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>consentono <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>trasformazione <span class=\"_ _2\"></span>dell<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>posizioni <span class=\"_ _2\"></span>debitorie <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span>variabile <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>tasso<span class=\"_ _1\"></span> fisso. <span class=\"_ _e\"></span>Gli <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>finanziari <span class=\"_ _e\"></span>a <span class=\"_ _3\"></span>tasso <span class=\"_ _e\"></span>variabile <span class=\"_ _e\"></span>compresi <span class=\"_ _3\"></span>nella <span class=\"_ _e\"></span><span class=\"ff24\">sensitivity <span class=\"_ _3\"></span>analysis <span class=\"_ _e\"></span></span>riguardan<span class=\"_ _1\"></span>o <span class=\"_ _e\"></span>le <span class=\"_ _3\"></span>disponibilit\u00e0 liquide, <span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>crediti e <span class=\"_ _2\"></span>i deb<span class=\"_ _1\"></span>iti f<span class=\"_ _1\"></span>inanziari <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>breve, <span class=\"_ _2\"></span>medio <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>lungo <span class=\"_ _2\"></span>termine <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>i <span class=\"_ _1\"></span>derivat<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span><span class=\"ls33\">su<span class=\"ls0\"> <span class=\"_ _2\"></span>tasso <span class=\"_ _2\"></span><span class=\"ls2\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>portafoglio. <span class=\"_ _2\"></span><span class=\"ff22\">L\u2019analisi<span class=\"ff1f\"> </span></span></span></span></span></span>\u00e8 st<span class=\"_ _1\"></span>ata condotta co<span class=\"_ _1\"></span>nsiderando: la <span class=\"_ _12\"> </span>variazion<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>negli <span class=\"_ _a\"> </span>interessi <span class=\"_ _12\"> </span>attiv<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>passiv<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>nel <span class=\"_ _a\"> </span>corso <span class=\"_ _12\"> </span>dell\u2019eserciz<span class=\"_ _1\"></span>io <span class=\"_ _12\"> </span>attribu<span class=\"_ _1\"></span>ibile <span class=\"_ _a\"> </span>a <span class=\"_ _12\"> </span>possibili <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>ragionevoli variazioni nei tass<span class=\"_ _1\"></span>i di intere<span class=\"_ _1\"></span>sse di attivit\u00e0 e pa<span class=\"_ _1\"></span>ssivit\u00e0 a t<span class=\"_ _1\"></span>asso variabile de<span class=\"_ _1\"></span>tenute nel corso<span class=\"_ _1\"></span> dell\u2019eserciz<span class=\"_ _1\"></span>io;<span class=\"ff1f\"> </span><span class=\"ff22 fc0\">l\u2019impatto contrario <span class=\"_ _1\"></span>in termini di var<span class=\"_ _1\"></span>iazione di <span class=\"ff24\">fair valu<span class=\"_ _1\"></span>e <span class=\"ff1f\">dei derivati su tasso r<span class=\"_ _1\"></span>ilevato a pat<span class=\"_ _1\"></span>rimonio netto pe<span class=\"_ _1\"></span>r la </span></span></span>componente <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>coper<span class=\"_ _1\"></span>tura <span class=\"_ _a\"> </span>oltre <span class=\"_ _7\"> </span>l\u2019<span class=\"_ _3\"></span>esercizio<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>di <span class=\"_ _a\"> </span>compet<span class=\"_ _1\"></span>enza <span class=\"_ _a\"> </span>e <span class=\"_ _a\"> </span>a <span class=\"_ _a\"> </span>conto <span class=\"_ _a\"> </span>eco<span class=\"_ _1\"></span>nomico<span class=\"ff1f\"> <span class=\"_ _f\"> </span></span>nell\u2019ipotesi<span class=\"ff1f\"> <span class=\"_ _f\"> </span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _f\"> </span>variazione </span>istantanea <span class=\"_ _e\"></span>della <span class=\"_ _11\"></span>curva <span class=\"_ _11\"></span>dei <span class=\"_ _11\"></span>tassi <span class=\"_ _11\"></span><span class=\"ls6\">di</span> <span class=\"_ _11\"></span>interesse <span class=\"_ _11\"></span>alla <span class=\"_ _11\"></span>data di bilanci<span class=\"_ _1\"></span>o. Al 31 d<span class=\"_ _1\"></span>icembre 2022 i con<span class=\"_ _1\"></span>tratti di cope<span class=\"_ _1\"></span>rtura Interest <span class=\"_ _3\"></span>Rate Swap <span class=\"_ _3\"></span><span class=\"ff1f\">hanno <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>nozionale pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>20 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>(Euro 60 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>2021) <span class=\"_ _3\"></span>mentre <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span></span>Interest Rate Cap <span class=\"ff1f\">hanno un noz<span class=\"_ _1\"></span>ionale d<span class=\"_ _1\"></span>i Euro 20 milio<span class=\"_ _1\"></span>ni (Euro 20 m<span class=\"_ _1\"></span>ilioni nel 2021<span class=\"ls5\">).<span class=\"_ _2\"></span><span class=\"ls0\"> </span></span></span>Il<span class=\"ls0\"> risultato <span class=\"ls6\">di</span> t<span class=\"_ _3\"></span>ale analisi e<span class=\"_ _1\"></span>vid<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>zia<span class=\"_ _2\"></span>: </span>l\u2019incremento <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>livello <span class=\"_ _3\"></span>dei <span class=\"_ _e\"></span>tassi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>nteresse di <span class=\"_ _e\"></span>un <span class=\"_ _3\"></span>punto <span class=\"_ _3\"></span>percentuale <span class=\"_ _3\"></span>(+1%) <span class=\"_ _3\"></span>avrebbe <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>impatto<span class=\"_ _e\"></span> negativo sul conto economico di per<span class=\"_ _1\"></span>iodo per effetto <span class=\"ls6\">di</span> maggiori oneri finanziari per Euro <span class=\"_ _1\"></span>0,1 <span class=\"_ _2\"></span>mili<span class=\"_ _3\"></span>oni <span class=\"_ _2\"></span>(Euro 0,4 <span class=\"_ _2\"></span>milioni p<span class=\"_ _1\"></span>er l\u2019esercizio<span class=\"ff1f\"> <span class=\"_ _0\"></span>2021) <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>un <span class=\"_ _2\"></span>imp<span class=\"_ _1\"></span>atto <span class=\"_ _0\"></span>positivo <span class=\"_ _2\"></span>sul <span class=\"_ _0\"></span>patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>Euro <span class=\"_ _2\"></span>0,3 <span class=\"_ _2\"></span>milioni <span class=\"_ _1\"></span>(Eu<span class=\"_ _1\"></span>ro <span class=\"_ _2\"></span>1,1 <span class=\"_ _1\"></span>milioni<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019esercizio<span class=\"ff1f\"> </span></span></span>2021) per eff<span class=\"_ _1\"></span>etto della va<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>iazione del <span class=\"ff24\">fair valu<span class=\"_ _1\"></span>e <span class=\"ff1f\">dei derivati su <span class=\"_ _1\"></span>tasso rilevata a<span class=\"_ _1\"></span> patrimon<span class=\"_ _1\"></span>io netto; </span></span><span class=\"ff1f fc0 ls2\">il<span class=\"ls0\"> <span class=\"_ _6\"></span>decremento <span class=\"_ _11\"></span>del <span class=\"_ _6\"></span>livello <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>tassi <span class=\"_ _11\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _11\"></span>i<span class=\"_ _3\"></span>nteresse <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span><span class=\"ls6\">un<span class=\"_ _3\"></span></span> <span class=\"_ _6\"></span>punto <span class=\"_ _6\"></span>percentual<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>(1%), <span class=\"_ _11\"></span>t<span class=\"_ _3\"></span>enendo <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>previsioni </span></span>contrattuali <span class=\"_ _e\"></span>in <span class=\"_ _11\"></span>relazione <span class=\"_ _11\"></span>all\u2019applicabil<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _11\"></span>di <span class=\"_ _11\"></span>tassi <span class=\"_ _11\"></span>negativi, <span class=\"_ _e\"></span>avrebbe <span class=\"_ _11\"></span>un <span class=\"_ _11\"></span>potenziale<span class=\"_ _3\"></span><span class=\"ff1f\"> impatto <span class=\"_ _3\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>t<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span><span class=\"ls54\">vo <span class=\"_ _e\"></span><span class=\"ls0\">di <span class=\"_ _3\"></span>E<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>0,2 </span></span></span>milioni <span class=\"_ _6\"></span>sul <span class=\"_ _6\"></span>conto <span class=\"_ _6\"></span>economico <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>per<span class=\"_ _3\"></span>iodo <span class=\"_ _6\"></span>(positivo <span class=\"_ _a\"> </span>per <span class=\"_ _12\"> </span>Euro<span class=\"_ _1\"></span> <span class=\"_ _a\"> </span>0,2 <span class=\"_ _12\"> </span>milioni <span class=\"_ _a\"> </span>nel<span class=\"ff22\">l\u2019esercizio <span class=\"_ _a\"> </span>202</span>1) <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>un <span class=\"_ _a\"> </span>impatto negativo <span class=\"_ _6\"></span>sul <span class=\"_ _6\"></span>patrimonio <span class=\"_ _6\"></span>netto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>0,<span class=\"_ _3\"></span>3 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>(Euro <span class=\"_ _7\"></span>0,8 <span class=\"_ _6\"></span><span class=\"ff22\">milioni <span class=\"_ _6\"> </span>per <span class=\"_ _6\"> </span>l\u2019esercizio <span class=\"_ _6\"></span>202</span>1) <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>effetto <span class=\"_ _6\"></span>della variazione di fair va<span class=\"_ _1\"></span>lue dei derivati s<span class=\"_ _1\"></span>u tasso rilev<span class=\"_ _1\"></span>ata a patri<span class=\"_ _1\"></span>monio 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=\"_ _2\"></span>chio <span class=\"_ _2\"></span>di liq<span class=\"_ _1\"></span>uid<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 Il rischio di liquidit\u00e0 pu\u00f2 so<span class=\"_ _1\"></span>rgere in relazione alle d<span class=\"_ _1\"></span>ifficolt\u00e0 ad ot<span class=\"_ _1\"></span>tenere finanziamenti a supporto delle at<span class=\"_ _1\"></span>tivit\u00e0 operative nella co<span class=\"_ _1\"></span>rretta tem<span class=\"_ _1\"></span>pistica, anche <span class=\"_ _1\"></span>al fine di, se <span class=\"_ _1\"></span>del caso, rimbo<span class=\"_ _1\"></span>rsare finanz<span class=\"_ _1\"></span>iamenti in sca<span class=\"_ _1\"></span>denza. Come <span class=\"_ _6\"></span>descritto <span class=\"_ _11\"></span>nella <span class=\"_ _6\"></span>Nota <span class=\"_ _6\"></span>29 <span class=\"_ _6\"></span>\u201cdebiti <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _11\"></span>finanziarie <span class=\"_ _6\"></span>non <span class=\"_ _11\"></span>correnti\u201d, <span class=\"_ _6\"> </span>al <span class=\"_ _6\"> </span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _11\"></span>2022 <span class=\"_ _6\"> </span>il <span class=\"_ _6\"> </span>Gruppo dispone, <span class=\"_ _3\"></span>oltre a <span class=\"_ _e\"></span>disponib<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_ _3\"></span>liquide, <span class=\"_ _3\"></span>di l<span class=\"_ _3\"></span>inee <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>credito a <span class=\"_ _e\"></span>medio lungo <span class=\"_ _3\"></span>termine <span class=\"_ _3\"></span>non utilizzate <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>consentono flessibilit\u00e0 nella g<span class=\"_ _1\"></span>estione dei fa<span class=\"_ _1\"></span>bbisogni consegu<span class=\"_ _1\"></span>enti delle atti<span class=\"_ _1\"></span>vit\u00e0 operative. Liq<span class=\"_ _1\"></span>uidi<span class=\"_ _2\"></span>ty a<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>ys<span class=\"_ _1\"></span>is La <span class=\"_ _e\"></span>seguente <span class=\"_ _3\"></span>tabella <span class=\"_ _3\"></span>riassume <span class=\"_ _e\"></span>il <span class=\"_ _3\"></span>profilo <span class=\"_ _e\"></span>patrimoni<span class=\"_ _1\"></span>ale <span class=\"_ _3\"></span>delle <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _e\"></span>delle <span class=\"_ _e\"></span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _3\"></span>co<span class=\"_ _e\"></span>rrenti<span class=\"_ _1\"></span> <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _e\"></span>Cair<span class=\"_ _1\"></span>o Communication <span class=\"_ _1\"></span>al 31 dicembr<span class=\"_ _1\"></span>e 2022: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _a6\"> </span><span class=\"ff28\">31<span class=\"_ _1\"></span>/1<span class=\"_ _2\"></span>2/2<span class=\"_ _1\"></span>02<span class=\"_ _2\"></span>2<span class=\"_ _14e\"> </span>31<span class=\"_ _2\"></span>/12<span class=\"_ _1\"></span>/2<span class=\"_ _2\"></span>021<span class=\"_ _24f\"> </span><span class=\"ff21\">V<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne</span></span>Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>om<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rci<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> ed al<span class=\"_ _2\"></span>tre <span class=\"_ _3\"></span>atti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>corrent<span class=\"_ _2\"></span>i<span class=\"_ _215\"> </span><span class=\"ff27\">35<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,1<span class=\"_ _198\"> </span>35<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,0<span class=\"_ _256\"> </span>0,<span class=\"_ _1\"></span>1</span>Ri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>anenz<span class=\"_ _2\"></span>e<span class=\"_ _f6\"> </span><span class=\"ff27\">35,<span class=\"_ _1\"></span>5<span class=\"_ _243\"> </span>19<span class=\"_ _2\"></span>,6<span class=\"_ _6b\"> </span>15<span class=\"_ _2\"></span>,9</span>Debi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>com<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>tre passi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t\u00e0 c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>i<span class=\"_ _11b\"> </span><span class=\"ff27\">(446<span class=\"_ _2\"></span>,0)<span class=\"_ _b9\"> </span>(436<span class=\"_ _2\"></span>,6)<span class=\"_ _85\"> </span>(9,4<span class=\"_ _2\"></span>)</span>Cap<span class=\"_ _2\"></span>ital<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> c<span class=\"_ _3\"></span>ir<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>la<span class=\"_ _1\"></span>nte<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>tto<span class=\"_ _257\"> </span><span class=\"ff28\">(57<span class=\"_ _2\"></span>,4)<span class=\"_ _22\"> </span>(64<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>)<span class=\"_ _15c\"> </span>6<span class=\"_ _1\"></span>,6</span>Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _16e\"> </span><span class=\"ff27\">5<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,3<span class=\"_ _198\"> </span>11<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,0<span class=\"_ _160\"> </span>(58,<span class=\"_ _2\"></span>7)</span>Atti<span class=\"_ _0\"></span>vi<span class=\"_ _2\"></span>t\u00e0 fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _d5\"> </span><span class=\"ff27\">1,<span class=\"_ _1\"></span>9<span class=\"_ _24\"> </span>0,3<span class=\"_ _256\"> </span>1,<span class=\"_ _1\"></span>6</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _d0\"> </span><span class=\"ff27\">(3<span class=\"_ _1\"></span>1,<span class=\"_ _2\"></span>8)<span class=\"_ _b4\"> </span>(36<span class=\"_ _2\"></span>,8)<span class=\"_ _256\"> </span>5,0</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>tratti<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _157\"> </span><span class=\"ff27\">(2<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)<span class=\"_ _b4\"> </span>(2<span class=\"_ _1\"></span>9,<span class=\"_ _2\"></span>9)<span class=\"_ _15c\"> </span>1,<span class=\"_ _1\"></span>1</span>Pos<span class=\"_ _e\"></span>iz<span class=\"_ _1\"></span>ione<span class=\"_ _e\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ia n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>tta co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nte<span class=\"_ _258\"> </span><span class=\"ff28\">(4,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _243\"> </span>46,<span class=\"_ _1\"></span>6<span class=\"_ _23a\"> </span>(51<span class=\"_ _2\"></span>,0)</span>Dif<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nz<span class=\"_ _2\"></span>a tr<span class=\"_ _2\"></span>a a<span class=\"_ _2\"></span>ttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>re<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>ti e<span class=\"_ _e\"></span> pa<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0 co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>nti<span class=\"_ _171\"> </span><span class=\"ff28\">(61<span class=\"_ _2\"></span>,8)<span class=\"_ _22\"> </span>(17,<span class=\"_ _2\"></span>4)<span class=\"_ _1c1\"> </span>(44<span class=\"_ _2\"></span>,4)</span>Al <span class=\"_ _3\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>i<span class=\"_ _3\"></span>l <span class=\"_ _3\"></span>differenziale <span class=\"_ _3\"></span>tra <span class=\"_ _e\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _e\"></span>corrent<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>presenta <span class=\"_ _3\"></span>un <span class=\"_ _e\"></span>saldo <span class=\"_ _3\"></span>negativo <span class=\"_ _3\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Euro <span class=\"_ _e\"></span>61<span class=\"_ _3\"></span>,8 milioni (negativo p<span class=\"_ _1\"></span>er Euro 17,4 mil<span class=\"_ _1\"></span>ioni al 31 dic<span class=\"_ _1\"></span>embre 2021<span class=\"ls5\">).</span> La<span class=\"ls0\"> <span class=\"_ _e\"></span>variazione <span class=\"_ _3\"></span>risulta <span class=\"_ _e\"></span>pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ip<span class=\"_ _2\"></span>almen<span class=\"_ _2\"></span>te <span class=\"_ _e\"></span>attribuibile <span class=\"_ _3\"></span>al <span class=\"_ _e\"></span>decremento <span class=\"_ _e\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>Euro<span class=\"_ _1\"></span> <span class=\"_ _e\"></span><span class=\"ls6\">51</span> <span class=\"_ _3\"></span>milio<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span> <span class=\"_ _e\"></span>della <span class=\"_ _e\"></span>posizione <span class=\"_ _3\"></span>finanziaria </span>netta corrente <span class=\"ff22\">(rico<span class=\"_ _1\"></span>nducibile principal<span class=\"_ _1\"></span>mente all\u2019acquis<span class=\"_ _1\"></span>to dell\u2019immobile<span class=\"_ _1\"></span> di via Solferino e alla distribuz<span class=\"_ _1\"></span>ione di </span>dividendi come me<span class=\"_ _1\"></span>glio spe<span class=\"_ _1\"></span>cificato nella No<span class=\"_ _1\"></span>ta n.27). A riguardo, <span class=\"ls33\">si</span> ricorda ch<span class=\"_ _2\"></span>e:<span class=\"_ _2\"></span> <span class=\"ff1f fs7 fc0\">la <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span><span class=\"ff24\">revolving, <span class=\"_ _3\"></span></span>prevista nel <span class=\"_ _3\"></span>contratto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>finanziamento i<span class=\"_ _3\"></span>n pool <span class=\"_ _e\"></span>di RCS, <span class=\"_ _3\"></span><span class=\"ff22\">dell\u2019importo originale di <span class=\"_ _e\"></span>Euro <span class=\"_ _3\"></span></span>125 </span>milioni <span class=\"_ _e\"></span>si <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _3\"></span>ridotta <span class=\"_ _e\"></span>a <span class=\"_ _e\"></span>Euro <span class=\"_ _3\"></span>60 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _e\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _e\"></span>non <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _e\"></span>utilizza<span class=\"_ _1\"></span>ta. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span><span class=\"ff24\">revolving <span class=\"_ _e\"></span></span>prevista <span class=\"_ _3\"></span>nel contratto <span class=\"ls6\">di</span> <span class=\"_ _3\"></span>finanziamento di Cairo Communication \u00e8 utilizzata <span class=\"_ _3\"></span>per soli Euro 5 <span class=\"_ _3\"></span>milioni, dei complessivi <span class=\"_ _3\"></span>Euro 10 milioni.  <span class=\"ff1f fs7 fc0\">nel m<span class=\"_ _1\"></span>ese <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>ottobre <span class=\"_ _2\"></span>2022 RCS <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>st<span class=\"_ _3\"></span>ipulato <span class=\"_ _2\"></span>un nuovo <span class=\"_ _2\"></span>contratto <span class=\"_ _2\"></span>di f<span class=\"_ _1\"></span>inanziamento <span class=\"_ _2\"></span><span class=\"ff24\">amortizing<span class=\"ff1f\"> <span class=\"_ _1\"></span>per <span class=\"_ _2\"></span>un impo<span class=\"_ _1\"></span>rto <span class=\"_ _1\"></span>pari<span class=\"_ _1\"></span> </span></span></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>30 <span class=\"_ _6\"></span>milioni <span class=\"_ _11\"></span>con <span class=\"_ _6\"></span>scadenza <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _11\"></span>2027 <span class=\"_ _7\"></span>ed <span class=\"_ _6\"></span>una <span class=\"_ _6\"></span>linea <span class=\"_ _11\"></span>credito <span class=\"_ _6\"></span><span class=\"ff24\">revolving <span class=\"_ _6\"></span><span class=\"ff22\">dell\u2019importo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Euro <span class=\"_ _11\"></span>20 </span></span>milioni  (non ut<span class=\"_ _1\"></span>ilizzato al 31 dic<span class=\"_ _1\"></span>embre 2022) con scad<span class=\"_ _1\"></span>enza 12 ottobre 202<span class=\"_ _1\"></span>6. le <span class=\"_ _a\"></span>societ\u00e0 <span class=\"_ _7\"></span>editoriali <span class=\"_ _7\"></span>presentano <span class=\"_ _a\"> </span>struttura<span class=\"_ _1\"></span>lmente <span class=\"_ _a\"> </span>un <span class=\"_ _7\"></span>capitale <span class=\"_ _a\"> </span>circola<span class=\"_ _1\"></span>nte <span class=\"_ _a\"></span>ne<span class=\"_ _1\"></span>tto <span class=\"_ _a\"></span>(at<span class=\"_ _1\"></span>tivit\u00e0 <span class=\"_ _a\"> </span>corrent<span class=\"_ _1\"></span>i <span class=\"_ _a\"> </span>al <span class=\"_ _a\"> </span>netto <span class=\"_ _a\"> </span>delle passivit\u00e0 <span class=\"_ _6\"></span>correnti, <span class=\"_ _7\"></span>escluse <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>passivit\u00e0 <span class=\"_ _6\"></span>finanziarie) <span class=\"_ _7\"></span>negativo <span class=\"_ _6\"></span>in <span class=\"_ _7\"></span>quanto <span class=\"_ _7\"></span>parte <span class=\"_ _7\"></span>dei <span class=\"_ _7\"></span>crediti <span class=\"_ _6\"></span>commerciali (quelli riveniente dai <span class=\"_ _3\"></span>ricavi diffusionali del <span class=\"_ _3\"></span>settore editoriale) si <span class=\"_ _3\"></span>trasforma in <span class=\"_ _3\"></span>cassa in <span class=\"_ _3\"></span>tempi <span class=\"_ _3\"></span>pi\u00f9 brevi rispetto ai tempi medi d<span class=\"_ _1\"></span>i pagamento<span class=\"_ _1\"></span> dei fornitor<span class=\"_ _1\"></span>i; <span class=\"ff22 fs7 fc0\">il Gruppo prevede di mantenere un\u2019ade<span class=\"_ _1\"></span>guata capacit\u00e0 di gene<span class=\"_ _1\"></span>rare risorse finanzia<span class=\"_ _1\"></span>rie con la gestione operativ<span class=\"_ _1\"></span>a </span>anche nell\u2019attua<span class=\"_ _1\"></span>le contesto <span class=\"_ _1\"></span>di mercato. La<span class=\"ls0\"> <span class=\"_ _3\"></span>seguente <span class=\"_ _3\"></span>tabella <span class=\"_ _3\"></span>riassume <span class=\"ls2\">il</span> <span class=\"_ _e\"></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 del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _11\"></span>Cairo </span>Communication <span class=\"_ _a\"> </span><span class=\"ls4\">al</span> <span class=\"_ _12\"> </span><span class=\"ls6\">31<span class=\"_ _3\"></span></span> <span class=\"_ _12\"> </span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _12\"> </span>2022 <span class=\"_ _12\"> </span>sulla <span class=\"_ _a\"> </span>base <span class=\"_ _12\"> </span>degli <span class=\"_ _12\"> </span>incassi <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>d<span class=\"_ _1\"></span>ei <span class=\"_ _12\"> </span>pagamen<span class=\"_ _1\"></span>ti <span class=\"_\"> </span>p<span class=\"_ _1\"></span>revisti <span class=\"_ _12\"> </span>contrattualmente (comprensivi di c<span class=\"_ _1\"></span>apitale ed <span class=\"_ _1\"></span>interessi anche s<span class=\"_ _1\"></span>e non matu<span class=\"_ _1\"></span>rati alla data di b<span class=\"_ _1\"></span>ilancio) non attualizzati:<span class=\"_ _1\"></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>2A v<span class=\"_ _3\"></span>is<span class=\"_ _e\"></span>ta<span class=\"_ _18\"> </span>&lt; <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span> me<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i6<span class=\"_ _3\"></span> m - 11<span class=\"_ _3\"></span>-2<span class=\"_ _3\"></span> an<span class=\"_ _2\"></span>ni<span class=\"_ _217\"> </span>2-5<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>nn<span class=\"_ _2\"></span>i<span class=\"_ _162\"> </span>&gt;<span class=\"_ _3\"></span> 5<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>an<span class=\"_ _2\"></span>ni<span class=\"_ _219\"> </span>Totalea<span class=\"_ _1\"></span>nn<span class=\"_ _2\"></span>oCredi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n corren<span class=\"_ _1\"></span>ti<span class=\"_ _259\"> </span><span class=\"fc0\">0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8<span class=\"_ _25a\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>8</span>Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _25b\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _220\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _25c\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0</span>Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> verso so<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span> G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>poDeri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _25d\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _220\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _6a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _25a\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3</span>Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _a0\"> </span>5<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>3<span class=\"_ _12d\"> </span>54<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _21f\"> </span><span class=\"fc0\">0,<span class=\"_ _2\"></span>0<span class=\"_ _6b\"> </span>0,<span class=\"_ _2\"></span>0<span class=\"_ _6a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _25a\"> </span>0,<span class=\"_ _2\"></span>1</span>Totale<span class=\"_ _e\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _ea\"> </span>54<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _66\"> </span><span class=\"fc0\">0<span class=\"_ _3\"></span>,8<span class=\"_ _22a\"> </span></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _53\"> </span>1<span class=\"_ _3\"></span>,6<span class=\"_ _89\"> </span>5<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5Debi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> verso terz<span class=\"_ _2\"></span>i<span class=\"_ _16b\"> </span>0<span class=\"_ _2\"></span>,0<span class=\"_ _25e\"> </span>1<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>,3<span class=\"_ _51\"> </span>17<span class=\"_ _2\"></span>,5<span class=\"_ _15a\"> </span>14<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _25f\"> </span><span class=\"fc0\">2<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>,7<span class=\"_ _1f4\"> </span><span class=\"fc1\">71<span class=\"_ _2\"></span>,8</span></span>Deri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>raDebi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> verso so<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span> G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>poIn<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>vi<span class=\"_ _260\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _220\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0<span class=\"_ _6a\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _62\"> </span><span class=\"fc0\">1,<span class=\"_ _2\"></span>9<span class=\"_ _1ad\"> </span><span class=\"fc1\">5,<span class=\"_ _2\"></span>6</span></span>Totale<span class=\"_ _e\"></span> pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _204\"> </span><span class=\"fc0\">0<span class=\"_ _3\"></span>,0<span class=\"_ _15e\"> </span></span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,5<span class=\"_ _261\"> </span>1<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,5<span class=\"_ _110\"> </span>1<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _64\"> </span><span class=\"fc0\">27<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _243\"> </span></span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,5P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>per con<span class=\"_ _2\"></span>tra<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _232\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _25e\"> </span><span class=\"fc1\">16<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _a9\"> </span>1<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>,5<span class=\"_ _15a\"> </span>18<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _110\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>7,<span class=\"_ _2\"></span>5<span class=\"_ _22a\"> </span>7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _22b\"> </span>16<span class=\"_ _2\"></span>2,<span class=\"_ _2\"></span>4</span>In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su con<span class=\"_ _2\"></span>tratti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _220\"> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>5<span class=\"_ _6a\"> </span>2<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _62\"> </span>7,<span class=\"_ _2\"></span>7<span class=\"_ _6c\"> </span>0,<span class=\"_ _2\"></span>5<span class=\"_ _6c\"> </span>1<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>0l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>eTotale<span class=\"_ _e\"></span> pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> 0<span class=\"_ _3\"></span>,2<span class=\"_ _15e\"> </span><span class=\"fc1\">3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,4<span class=\"_ _261\"> </span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,5<span class=\"_ _110\"> </span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _23a\"> </span>1<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _10e\"> </span>8,<span class=\"_ _3\"></span>4<span class=\"_ _1d\"> </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=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ive3<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=\"_ _e\"></span>ta<span class=\"_ _18\"> </span>&lt; <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span> me<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i6<span class=\"_ _3\"></span> m - 11<span class=\"_ _3\"></span>-2<span class=\"_ _3\"></span> an<span class=\"_ _2\"></span>ni<span class=\"_ _217\"> </span>2-5<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>nn<span class=\"_ _2\"></span>i<span class=\"_ _162\"> </span>&gt;<span class=\"_ _3\"></span> 5<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>an<span class=\"_ _2\"></span>ni<span class=\"_ _219\"> </span>Totalea<span class=\"_ _1\"></span>nn<span class=\"_ _2\"></span>oCredi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n corren<span class=\"_ _1\"></span>ti<span class=\"_ _170\"> </span><span class=\"fc0\">-<span class=\"_ _8d\"> </span>-<span class=\"_ _62\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _110\"> </span></span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _63\"> </span>0,<span class=\"_ _2\"></span>2Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>orren<span class=\"_ _2\"></span>ti<span class=\"_ _e7\"> </span>0,<span class=\"_ _2\"></span>1<span class=\"_ _14e\"> </span>-<span class=\"_ _15d\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _154\"> </span><span class=\"fc0\">-<span class=\"_ _22f\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _25e\"> </span></span>0,<span class=\"_ _2\"></span>2Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span> verso so<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span> --<span class=\"_ _115\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _20a\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _7f\"> </span><span class=\"fc1\">-</span>G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>poDeri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _9a\"> </span><span class=\"fc0\">-<span class=\"_ _8d\"> </span>-<span class=\"_ _15d\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _262\"> </span>-<span class=\"_ _75\"> </span>0,<span class=\"_ _2\"></span>2</span>Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>ui<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _11f\"> </span>1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _2\"></span>,0<span class=\"_ _156\"> </span><span class=\"fc0\">-<span class=\"_ _62\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _261\"> </span></span>11<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>0In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _263\"> </span><span class=\"fc0\">-<span class=\"_ _8d\"> </span>-<span class=\"_ _62\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _7a\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _7f\"> </span>-</span>Totale<span class=\"_ _e\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _10a\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,1<span class=\"_ _20a\"> </span>-<span class=\"_ _6c\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _264\"> </span>0<span class=\"_ _3\"></span>,2<span class=\"_ _1d\"> </span>1<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,6Debi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> verso terz<span class=\"_ _2\"></span>i<span class=\"_ _243\"> </span>-<span class=\"_ _15b\"> </span>24<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2<span class=\"_ _a9\"> </span>12<span class=\"_ _2\"></span>,2<span class=\"_ _15a\"> </span>39<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _7a\"> </span>-<span class=\"_ _7c\"> </span><span class=\"fc0\">-<span class=\"_ _6c\"> </span></span>7<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>0Deri<span class=\"_ _2\"></span>vati<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _9a\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span></span>0,<span class=\"_ _2\"></span>2<span class=\"_ _6b\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _154\"> </span>-<span class=\"_ _22f\"> </span>-<span class=\"_ _66\"> </span><span class=\"fc0\">-<span class=\"_ _25e\"> </span></span>0,<span class=\"_ _2\"></span>4Debi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> verso so<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> del<span class=\"_ _2\"></span> --<span class=\"_ _115\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _20a\"> </span>-<span class=\"_ _7c\"> </span>-<span class=\"_ _7f\"> </span><span class=\"fc1\">-</span>G<span class=\"_ _2\"></span>rup<span class=\"_ _2\"></span>poIn<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>vi<span class=\"_ _265\"> </span><span class=\"fc0\">-<span class=\"_ _115\"> </span></span>0,<span class=\"_ _2\"></span>2<span class=\"_ _6b\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _266\"> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _7a\"> </span>-<span class=\"_ _7c\"> </span><span class=\"fc0\">-<span class=\"_ _25e\"> </span></span>0,<span class=\"_ _2\"></span>7Totale<span class=\"_ _e\"></span> pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _91\"> </span>-<span class=\"_ _15a\"> </span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _22b\"> </span>1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,6<span class=\"_ _110\"> </span>3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _22f\"> </span>-<span class=\"_ _7c\"> </span><span class=\"fc0\">-<span class=\"_ _dd\"> </span></span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,1P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>per con<span class=\"_ _2\"></span>tra<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _6f\"> </span><span class=\"fc0\">-<span class=\"_ _155\"> </span></span>1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>6<span class=\"_ _a9\"> </span>13<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _15e\"> </span>2<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>1<span class=\"_ _155\"> </span>56<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _21e\"> </span>7<span class=\"_ _2\"></span>3,<span class=\"_ _2\"></span>4<span class=\"_ _22b\"> </span>18<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>8In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su con<span class=\"_ _2\"></span>tratti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> -<span class=\"_ _115\"> </span><span class=\"fc1\">1,<span class=\"_ _2\"></span>5<span class=\"_ _6b\"> </span>1,<span class=\"_ _2\"></span>5<span class=\"_ _266\"> </span>2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _61\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>9<span class=\"_ _22a\"> </span>3<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>7<span class=\"_ _6c\"> </span>1<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>3</span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>eTotale<span class=\"_ _e\"></span> pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> -<span class=\"_ _15a\"> </span>4<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,8<span class=\"_ _22b\"> </span>2<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _110\"> </span>6<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _85\"> </span>6<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _10c\"> </span>77<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>1<span class=\"_ _1d\"> </span>2<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>,3co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iveI <span class=\"_\"> </span>valori <span class=\"_\"> </span>e<span class=\"_ _1\"></span>spressi <span class=\"_ _12\"> </span>nella <span class=\"_\"> </span>tabella <span class=\"_\"> </span>sop<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>a <span class=\"_\"> </span>esposta <span class=\"_ _12\"> </span>a <span class=\"_\"> </span>differenza <span class=\"_ _12\"> </span>dei <span class=\"_\"> </span>valori <span class=\"_\"> </span>de<span class=\"_ _1\"></span>ll\u2019indebitamento<span class=\"ff1f\"> <span class=\"_\"> </span>finanziario <span class=\"_ _a\"></span>ne<span class=\"_ _1\"></span>tto </span>complessivo incl<span class=\"_ _1\"></span>udono i credi<span class=\"_ _1\"></span>ti finanziari non <span class=\"_ _1\"></span>correnti <span class=\"_ _1\"></span>per Euro 0,8 <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _e\"></span>(Euro <span class=\"_ _3\"></span>0,<span class=\"_ _3\"></span>2 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>al <span class=\"_ _e\"></span>31 <span class=\"_ _e\"></span>dice<span class=\"_ _1\"></span>mbre 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=\"_ _2\"></span>chio <span class=\"_ _2\"></span>di cam<span class=\"_ _1\"></span>bio<span class=\"_ _1\"></span> Il<span class=\"ls0\"> ris<span class=\"_ _1\"></span>chio <span class=\"_ _2\"></span>di camb<span class=\"_ _1\"></span>io <span class=\"_ _1\"></span>pu\u00f2 <span class=\"_ _2\"></span>essere <span class=\"_ _2\"></span>definito <span class=\"_ _1\"></span>come <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019insieme<span class=\"ff1f\"> <span class=\"_ _2\"></span>degli <span class=\"_ _1\"></span>effetti <span class=\"_ _2\"></span>negativi <span class=\"_ _2\"></span>indotti <span class=\"_ _1\"></span>sui <span class=\"_ _2\"></span>valori iscr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls16\">in<span class=\"ls0\"> <span class=\"_ _2\"></span>bil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>o </span></span></span></span></span>di<span class=\"ls0\"> <span class=\"_ _0\"></span>atti<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ssi<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"ls6\">da<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _0\"></span>vari<span class=\"_ _2\"></span>azio<span class=\"_ _2\"></span>ni <span class=\"_ _0\"></span>nei<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>ta<span class=\"_ _2\"></span>ssi<span class=\"_ _1\"></span> <span class=\"_ _0\"></span><span class=\"ls6\">di<span class=\"ls0\"> <span class=\"_ _0\"></span>camb<span class=\"_ _2\"></span>io. <span class=\"_ _0\"></span><span class=\"ls4e\">Il<span class=\"ls0\"> <span class=\"_ _0\"></span>Gru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o, <span class=\"_ _212\"></span><span class=\"ls6\">pur<span class=\"ls0\"> <span class=\"_ _0\"></span>aven<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>na <span class=\"_ _2\"></span>prese<span class=\"_ _1\"></span>nza <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>li<span class=\"_ _3\"></span>vello <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nternaziona<span class=\"_ _1\"></span>le, </span></span></span></span></span></span></span></span></span>non <span class=\"_ _a\"> </span>evide<span class=\"_ _1\"></span>nzia <span class=\"_ _a\"></span>un<span class=\"_ _1\"></span>a <span class=\"_ _7\"></span>rilevante <span class=\"_ _a\"> </span>esposizione <span class=\"_ _7\"></span>al <span class=\"_ _a\"></span>risc<span class=\"_ _1\"></span>hio <span class=\"_ _7\"></span>di <span class=\"_ _a\"> </span>cambio <span class=\"_ _6\"></span><span class=\"ls2\">in</span> <span class=\"_ _11\"></span>quanto <span class=\"_ _11\"></span><span class=\"ff22\">l\u2019euro</span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _11\"></span><span class=\"ls2\">la</span> <span class=\"_ _6\"></span>valuta <span class=\"_ _e\"></span>funzionale <span class=\"_ _6\"></span>delle<span class=\"_ _1\"></span> principali <span class=\"_ _2\"></span>aree <span class=\"_ _2\"></span>di <span class=\"_ _1\"></span>busines<span class=\"_ _1\"></span>s <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Gruppo. L\u2019esposizione <span class=\"_ _2\"></span>al ris<span class=\"_ _1\"></span>chio <span class=\"_ _1\"></span>di <span class=\"_ _2\"></span>camb<span class=\"ff1f\">io \u00e8 <span class=\"_ _2\"></span>limitata a<span class=\"_ _1\"></span>d <span class=\"_ _1\"></span>alcune <span class=\"_ _2\"></span>posizioni c<span class=\"_ _2\"></span>ommerciali e<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _2\"></span>di a<span class=\"_ _1\"></span>mmontare <span class=\"_ _2\"></span>poco </span>significativo ricon<span class=\"_ _1\"></span>ducibili a<span class=\"_ _1\"></span> RCS MediaGroup<span class=\"_ _1\"></span>, RCS Sports and E<span class=\"_ _1\"></span>vents <span class=\"_ _a\"> </span>e La7. La <span class=\"_\"> </span>gestione <span class=\"_ _12\"> </span>del <span class=\"_\"> </span>rischio<span class=\"_ _1\"></span> <span class=\"_\"> </span>di <span class=\"_ _12\"> </span>cambio <span class=\"_\"> </span>\u00e8 <span class=\"_ _12\"> </span>regolata <span class=\"_\"> </span>da <span class=\"_ _12\"> </span>specifiche <span class=\"_\"> </span>p<span class=\"_ _1\"></span>olicy <span class=\"_ _12\"> </span>che <span class=\"_\"> </span>definiscono <span class=\"_ _12\"> </span>gli <span class=\"_\"> </span>obie<span class=\"_ _1\"></span>ttivi <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span><span class=\"ff24\">risk </span>management<span class=\"ff1f\">, <span class=\"_ _1\"></span>i limiti, <span class=\"_ _1\"></span>i ruo<span class=\"_ _1\"></span>li e <span class=\"_ _1\"></span>le <span class=\"ff22\">responsab<span class=\"_ _1\"></span>ilit\u00e0 all\u2019in<span class=\"_ _1\"></span>terno del <span class=\"_ _1\"></span>processo. <span class=\"_ _1\"></span>Non \u00e8 <span class=\"_ _1\"></span>ammesso<span class=\"ff1f\"> <span class=\"_ _0\"></span><span class=\"ff22\">l\u2019utilizzo<span class=\"ff1f\"> <span class=\"_ _2\"></span>di <span class=\"_ _0\"></span>strumenti </span></span></span></span></span>derivati <span class=\"_ _2\"></span>per <span class=\"_ _0\"></span>finalit\u00e0 <span class=\"_ _2\"></span>speculat<span class=\"_ _1\"></span>ive, <span class=\"_ _2\"></span>ovvero <span class=\"_ _0\"></span>non <span class=\"_ _2\"></span>volti <span class=\"_ _2\"></span>a <span class=\"_ _0\"></span>perseguire il predetto obiet<span class=\"_ _1\"></span>tivo. Ris<span class=\"_ _2\"></span>chio <span class=\"_ _2\"></span>di pre<span class=\"_ _2\"></span>zzo Il Gruppo <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>\u00e8 espost<span class=\"_ _1\"></span>o a s<span class=\"_ _1\"></span>ignificat<span class=\"_ _1\"></span>ivi risch<span class=\"_ _1\"></span>i di p<span class=\"_ _1\"></span>rezzo r<span class=\"_ _1\"></span>elativi a <span class=\"_ _2\"></span>strumenti finanzia<span class=\"ff22\">ri che <span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>ientrano <span class=\"_ _1\"></span>nell\u2019ambi<span class=\"_ _1\"></span>to </span>di applicazione de<span class=\"_ _1\"></span>llo IAS 3<span class=\"_ _1\"></span>9. ",
   "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=\"_ _2\"></span>chio <span class=\"_ _2\"></span>di cre<span class=\"_ _1\"></span>dit<span class=\"_ _2\"></span>o Il <span class=\"_\"> </span>rischio <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>credito <span class=\"_\"> </span>pu\u00f2 <span class=\"_\"> </span>esse<span class=\"_ _1\"></span>re <span class=\"_\"> </span>definito<span class=\"_ _1\"></span> <span class=\"_\"> </span>come <span class=\"_\"> </span>l<span class=\"_ _1\"></span>a <span class=\"_\"> </span>possibilit\u00e0 <span class=\"_ _12\"> </span>di <span class=\"_\"> </span>incorrere <span class=\"_\"> </span>in <span class=\"_ _12\"> </span>una <span class=\"_\"> </span>pe<span class=\"_ _3\"></span>rdita <span class=\"_\"> </span>finanziaria <span class=\"_ _12\"> </span>per inadempienza <span class=\"_ _1\"></span>in capo alla c<span class=\"_ _1\"></span>ontroparte dell\u2019<span class=\"_ _1\"></span>obbligazion<span class=\"_ _1\"></span>e contrattual<span class=\"_ _1\"></span>e.<span class=\"ff1f\"> </span>Le <span class=\"_ _a\"> </span>seguenti <span class=\"_ _7\"></span>tabelle <span class=\"_ _a\"></span>most<span class=\"_ _1\"></span>rano <span class=\"_ _a\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>mass<span class=\"_ _1\"></span>ima <span class=\"_ _7\"></span>esposizione <span class=\"_ _a\"></span>del <span class=\"_ _7\"></span>Gruppo <span class=\"_ _a\"> </span><span class=\"ls3\">al</span> <span class=\"_ _a\"></span>rischio <span class=\"_ _7\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span></span> <span class=\"_ _a\"></span>credito <span class=\"_ _7\"></span>per <span class=\"_ _a\"> </span>le <span class=\"_ _a\"></span>co<span class=\"_ _1\"></span>mponenti patrimoniali: De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ione31<span class=\"_ _2\"></span>/12<span class=\"_ _2\"></span>/20<span class=\"_ _2\"></span>2231<span class=\"_ _2\"></span>/12<span class=\"_ _2\"></span>/20<span class=\"_ _2\"></span>21V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>neCredi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> (1)26<span class=\"_ _2\"></span>6,929<span class=\"_ _2\"></span>1,7(24<span class=\"_ _2\"></span>,8)Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n corren<span class=\"_ _2\"></span>ti0,<span class=\"_ _1\"></span>80,<span class=\"_ _1\"></span>20,<span class=\"_ _1\"></span>6Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>i1,<span class=\"_ _1\"></span>00,<span class=\"_ _1\"></span>20,<span class=\"_ _1\"></span>8Al<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 no<span class=\"_ _2\"></span>n corren<span class=\"_ _1\"></span>ti4,<span class=\"_ _1\"></span>34,<span class=\"_ _1\"></span>7(0,<span class=\"_ _2\"></span>4)Al<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _3\"></span>orren<span class=\"_ _1\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(2)77<span class=\"_ _2\"></span>,253<span class=\"_ _2\"></span>,224<span class=\"_ _2\"></span>,0Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>di<span class=\"_ _1\"></span>ti e<span class=\"_ _e\"></span>d a<span class=\"_ _2\"></span>ltr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> atti<span class=\"_ _1\"></span>vit\u00e035<span class=\"_ _2\"></span>0,235<span class=\"_ _2\"></span>0,00,<span class=\"_ _1\"></span>2Di<span class=\"_ _2\"></span>sp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>qu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>e54<span class=\"_ _2\"></span>,311<span class=\"_ _2\"></span>3,0(58<span class=\"_ _2\"></span>,7)Totale40<span class=\"_ _2\"></span>4,546<span class=\"_ _2\"></span>3,0(58<span class=\"_ _2\"></span>,5)(1) I crediti com<span class=\"_ _1\"></span>merciali incl<span class=\"_ _1\"></span>udono anche i<span class=\"_ _1\"></span> crediti verso<span class=\"_ _1\"></span> controllanti<span class=\"_ _1\"></span>, collegate e consocia<span class=\"_ _1\"></span>te per Euro 2,6 milion<span class=\"_ _1\"></span>i (Euro 2,9 mili<span class=\"_ _1\"></span>oni nel <span class=\"_\"> </span>2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>1).<span class=\"_ _1\"></span> (2) Le altre a<span class=\"_ _1\"></span>ttivit\u00e0 corrent<span class=\"_ _1\"></span>i non includon<span class=\"_ _1\"></span>o ratei e risc<span class=\"_ _1\"></span>onti attivi par<span class=\"_ _1\"></span>i ad Euro 9 milioni al 31 dic<span class=\"_ _1\"></span>embre 2022 (E<span class=\"_ _1\"></span>uro 8,1 milioni al 31 <span class=\"_ _a\"> </span>dicem<span class=\"_ _1\"></span>bre 2021<span class=\"ls79\">).</span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>iz<span class=\"_ _1\"></span>ioneCr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>di<span class=\"_ _1\"></span>ti co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>liCr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>di<span class=\"_ _1\"></span>ti Cr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>di<span class=\"_ _1\"></span>ti Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ivit\u00e0Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ivit\u00e0<span class=\"_ _1\"></span> Dis<span class=\"_ _e\"></span>p<span class=\"_ _1\"></span>onib<span class=\"_ _2\"></span>ilit\u00e0Totale(1)f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>if<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>i non co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiliq<span class=\"_ _2\"></span>uid<span class=\"_ _2\"></span>enon co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiEs<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> 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>o<span class=\"_ _3\"></span>re<span class=\"_ _e\"></span> lord<span class=\"_ _2\"></span>o<span class=\"_ _1a0\"> </span><span class=\"ff28\">3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4,<span class=\"_ _2\"></span>8<span class=\"_ _68\"> </span>0<span class=\"_ _2\"></span>,8<span class=\"_ _256\"> </span>1,<span class=\"_ _1\"></span>0<span class=\"_ _52\"> </span>4,<span class=\"_ _1\"></span>3<span class=\"_ _2f\"> </span>87<span class=\"_ _2\"></span>,1<span class=\"_ _2c\"> </span>45<span class=\"_ _2\"></span>2,3</span>54<span class=\"_ _2\"></span>,3Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>utaz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _269\"> </span><span class=\"ff27\">(37<span class=\"_ _2\"></span>,9)<span class=\"_ _10a\"> </span><span class=\"fc0\">-<span class=\"_ _10a\"> </span>-<span class=\"_ _7d\"> </span>-<span class=\"_ _154\"> </span></span>(9,9<span class=\"_ _1\"></span>)<span class=\"_ _26a\"> </span>(47<span class=\"_ _2\"></span>,8)</span>-Totale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>o<span class=\"_ _3\"></span>re<span class=\"_ _e\"></span> ne<span class=\"_ _3\"></span>tto<span class=\"_ _1a0\"> </span><span class=\"ff28\">26<span class=\"_ _2\"></span>6,9<span class=\"_ _203\"> </span>0,8<span class=\"_ _53\"> </span>1,0<span class=\"_ _203\"> </span>4,3<span class=\"_ _2f\"> </span>77<span class=\"_ _2\"></span>,2<span class=\"_ _2c\"> </span>4<span class=\"_ _1\"></span>04<span class=\"_ _2\"></span>,5</span>54<span class=\"_ _2\"></span>,3(1) I crediti c<span class=\"_ _1\"></span>ommerciali inc<span class=\"_ _1\"></span>ludono an<span class=\"_ _1\"></span>che crediti <span class=\"_ _1\"></span>verso controllanti<span class=\"_ _1\"></span>, controll<span class=\"_ _1\"></span>ate e consocia<span class=\"_ _1\"></span>te per Euro <span class=\"_ _1\"></span>2,6 mili<span class=\"_ _2\"></span>oni.<span class=\"_ _1\"></span> De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ioneCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>liCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ivit\u00e0Altr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ivit\u00e0<span class=\"_ _1\"></span> Dis<span class=\"_ _e\"></span>p<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>it\u00e0Totale(1)f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>if<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>ia<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>i non co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiliq<span class=\"_ _2\"></span>uid<span class=\"_ _2\"></span>enon co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntico<span class=\"_ _3\"></span>rr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ntiEs<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>ciz<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> 2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1Totale<span class=\"_ _e\"></span> v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> lo<span class=\"_ _3\"></span>r<span class=\"_ _2\"></span>do<span class=\"_ _164\"> </span><span class=\"ff28\">33<span class=\"_ _1\"></span>2,<span class=\"_ _2\"></span>6<span class=\"_ _8d\"> </span>0,<span class=\"_ _2\"></span>2<span class=\"_ _234\"> </span>0,4<span class=\"_ _156\"> </span>4,<span class=\"_ _1\"></span>7<span class=\"_ _8c\"> </span>63,<span class=\"_ _1\"></span>3<span class=\"_ _ef\"> </span>51<span class=\"_ _1\"></span>4,<span class=\"_ _2\"></span>2</span>11<span class=\"_ _2\"></span>3,0Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>ut<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _79\"> </span><span class=\"ff27\">(40<span class=\"_ _2\"></span>,9)<span class=\"_ _210\"> </span>-<span class=\"_ _15a\"> </span>(0,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _210\"> </span><span class=\"ff1f\">-<span class=\"_ _203\"> </span></span>(1<span class=\"_ _2\"></span>0,1<span class=\"_ _2\"></span>)<span class=\"_ _181\"> </span>(51,<span class=\"_ _2\"></span>2)</span>-Totale<span class=\"_ _e\"></span> v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> ne<span class=\"_ _e\"></span>tto<span class=\"_ _164\"> </span><span class=\"ff28\">291<span class=\"_ _2\"></span>,7<span class=\"_ _14e\"> </span>0,<span class=\"_ _1\"></span>2<span class=\"_ _88\"> </span>0,2<span class=\"_ _156\"> </span>4,7<span class=\"_ _8c\"> </span>53<span class=\"_ _2\"></span>,2<span class=\"_ _21c\"> </span>4<span class=\"_ _2\"></span>63,<span class=\"_ _2\"></span>0</span>11<span class=\"_ _2\"></span>3,0(1) I crediti c<span class=\"_ _1\"></span>ommerciali inc<span class=\"_ _1\"></span>ludono an<span class=\"_ _1\"></span>che crediti <span class=\"_ _1\"></span>verso controllanti<span class=\"_ _1\"></span>, controll<span class=\"_ _1\"></span>ate e consocia<span class=\"_ _1\"></span>te per Euro 2,9 m<span class=\"_ _1\"></span>ili<span class=\"_ _2\"></span>oni.<span class=\"_ _1\"></span> Il Gruppo pr<span class=\"_ _1\"></span>esenta una e<span class=\"_ _1\"></span>sposizione<span class=\"_ _1\"></span> al risch<span class=\"_ _1\"></span>io di credit<span class=\"_ _1\"></span>o principalment<span class=\"_ _1\"></span>e con rife<span class=\"_ _1\"></span>rimento ai<span class=\"_ _1\"></span> cred<span class=\"_ _2\"></span>iti <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>erc<span class=\"_ _2\"></span>iali<span class=\"_ _1\"></span>, ed in par<span class=\"_ _2\"></span>tico<span class=\"_ _1\"></span>lare<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>a quel<span class=\"_ _1\"></span>li rin<span class=\"_ _2\"></span>veni<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> dall\u2019<span class=\"_ _1\"></span>at<span class=\"_ _2\"></span>tivit<span class=\"_ _1\"></span>\u00e0 di rac<span class=\"_ _1\"></span>co<span class=\"_ _2\"></span>lta pubbl<span class=\"_ _2\"></span>icit<span class=\"_ _1\"></span>ari<span class=\"_ _2\"></span>a, <span class=\"_ _3\"></span><span class=\"ff1f\">rischio pe<span class=\"_ _1\"></span>raltro mitigato dal <span class=\"_ _1\"></span>fatto che </span>l\u2019esposizione<span class=\"ff1f\"> <span class=\"_ _11\"></span>\u00e8 <span class=\"_ _11\"></span>suddivisa <span class=\"_ _11\"></span><span class=\"ls49\">su<span class=\"_ _3\"></span></span> <span class=\"_ _11\"></span>un <span class=\"_ _6\"></span>largo <span class=\"_ _11\"></span>numero <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>clienti <span class=\"_ _7\"></span>e <span class=\"_ _7\"></span>che <span class=\"_ _7\"></span>a <span class=\"_ _7\"></span>fronte <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>el <span class=\"_ _6\"></span>rischio <span class=\"_ _7\"></span>sono <span class=\"_ _7\"></span>state <span class=\"_ _6\"></span>i<span class=\"_ _3\"></span>mplementate<span class=\"_ _1\"></span> </span>procedure di con<span class=\"_ _1\"></span>trollo e mo<span class=\"_ _1\"></span>nitoraggio. I <span class=\"_ _3\"></span>crediti <span class=\"_ _3\"></span>commerciali <span class=\"_ _3\"></span>netti, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro<span class=\"_ _3\"></span> 264,3 <span class=\"_ _3\"></span>m<span class=\"_ _3\"></span>ilioni <span class=\"_ _3\"></span><span class=\"ls3\">al</span> <span class=\"_ _e\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _e\"></span>(Euro <span class=\"_ _3\"></span>266,9 <span class=\"_ _e\"></span>includendo <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>rapporti con <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"></span>controllan<span class=\"_ _1\"></span>ti, <span class=\"_ _e\"></span>collegate <span class=\"_ _e\"></span>e <span class=\"_ _e\"></span>consocia<span class=\"_ _1\"></span>te), <span class=\"_ _3\"></span><span class=\"ls33\">si</span> <span class=\"_ _3\"></span>riferiscono <span class=\"_ _3\"></span>al <span class=\"_ _11\"></span>Gruppo <span class=\"_ _3\"></span>RCS <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>Euro <span class=\"_ _e\"></span>117,2 <span class=\"_ _e\"></span>milioni <span class=\"_ _e\"></span>(Euro 118,7 milioni includendo i <span class=\"_ _1\"></span>rapporti con societ\u00e0 co<span class=\"_ _1\"></span>ntrollanti, collega<span class=\"_ _1\"></span>te e consociate<span class=\"_ _1\"></span>) e a Cairo Communica<span class=\"_ _1\"></span>tion e <span class=\"ff22 ls0\">alle <span class=\"_ _3\"></span>societ\u00e0 da quest\u2019ultima controllate<span class=\"ff1f\"> (escluso <span class=\"ls16\">il</span> Gruppo <span class=\"_ _1\"></span>RCS) per Euro <span class=\"_ _2\"></span>147,1 milioni (Euro 148,2 <span class=\"_ _1\"></span>milioni </span></span>includendo <span class=\"_ _2\"></span>i <span class=\"_ _0\"></span>rapporti <span class=\"_ _2\"></span>con<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _2\"></span>control<span class=\"_ _1\"></span>lanti, <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>llegate <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>cons<span class=\"_ _3\"></span>ociate). <span class=\"_ _0\"></span>I <span class=\"_ _0\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _2\"></span>c<span class=\"_ _1\"></span>ommerciali <span class=\"_ _0\"></span>sono <span class=\"_ _2\"></span>e<span class=\"_ _1\"></span>sposti <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>netto di un fondo svalut<span class=\"_ _1\"></span>azione credi<span class=\"_ _1\"></span>ti di Euro 37,9 milion<span class=\"_ _1\"></span>i. Con <span class=\"_ _1\"></span>riferimento<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Gruppo <span class=\"_ _2\"></span>RCS <span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> c<span class=\"_ _1\"></span>rediti <span class=\"_ _2\"></span>commerciali <span class=\"_ _2\"></span>lordi, incl<span class=\"_ _1\"></span>udendo <span class=\"_ _2\"></span>i rappo<span class=\"_ _1\"></span>rti <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _2\"></span>controllanti <span class=\"_ _2\"></span>collegate e <span class=\"_ _e\"></span>cons<span class=\"_ _3\"></span>ociate, <span class=\"_ _e\"></span>sono <span class=\"_ _e\"></span>pari <span class=\"_ _11\"></span>a <span class=\"_ _11\"></span>Euro <span class=\"_ _11\"></span>146,7 <span class=\"_ _e\"></span><span class=\"ff22\">milioni. <span class=\"_ _11\"></span>L\u2019analisi <span class=\"_ _e\"></span>dei <span class=\"_ _11\"></span>nuovi <span class=\"_ _e\"></span>client</span>i <span class=\"_\"> </span>e <span class=\"_ _12\"> </span><span class=\"ls2\">la</span> <span class=\"_ _12\"> </span>valutazione <span class=\"_ _12\"> </span>della <span class=\"_\"> </span>affid<span class=\"_ _1\"></span>abilit\u00e0 della <span class=\"_ _11\"></span>clientela <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _6\"></span>attuata <span class=\"_ _e\"></span>attraverso <span class=\"_ _11\"></span><span class=\"ff22\">l\u2019attribuzione <span class=\"_ _1\"></span>di un <span class=\"_ _2\"></span>rating <span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>inanziario <span class=\"_ _2\"></span>generato d<span class=\"_ _1\"></span>a un <span class=\"_ _2\"></span>sistema au<span class=\"_ _1\"></span>tomatico <span class=\"_ _1\"></span>di </span>valutazione <span class=\"_ _2\"></span>dell\u2019affidab<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span>lit\u00e0 <span class=\"_ _2\"></span>creditizia. <span class=\"_ _2\"></span>Il <span class=\"_ _2\"></span>modello <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>elaborazion<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>rating <span class=\"_ _2\"></span>applicato <span class=\"_ _2\"></span>all\u2019Italia <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>basato <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>cos\u00ec detto <span class=\"_ _a\"> </span>m<span class=\"_ _3\"></span>odello <span class=\"_ _a\"> </span>dell\u2019\u201cexpected <span class=\"_ _a\"> </span>default <span class=\"_ _12\"> </span>frequency\u201d <span class=\"_ _a\"> </span>elaborato <span class=\"_ _a\"> </span>da <span class=\"_ _12\"> </span>primario <span class=\"_ _a\"> </span>gruppo <span class=\"_ _12\"> </span>di <span class=\"_ _a\"> </span>informazione <span class=\"_ _a\"> </span>e <span class=\"_ _12\"> </span>analisi finanziaria. <span class=\"_ _2\"></span>La <span class=\"_ _2\"></span>tabella <span class=\"_ _2\"></span>seguente <span class=\"_ _2\"></span>fornisce <span class=\"_ _2\"></span>informazioni <span class=\"_ _2\"></span>circa <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>qualit\u00e0 <span class=\"_ _2\"></span>dei c<span class=\"_ _2\"></span>r<span class=\"_ _3\"></span>editi <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>portafoglio <span class=\"_ _1\"></span>del <span class=\"_ _2\"></span>Gruppo <span class=\"_ _2\"></span><span class=\"ls30\">RCS<span class=\"ls0\"> </span></span>e <span class=\"ff22\">l\u2019attrib</span>uz<span class=\"_ _1\"></span>ione del <span class=\"_ _2\"></span>f<span class=\"_ _3\"></span>ondo s<span class=\"_ _1\"></span>valutazione <span class=\"_ _1\"></span>crediti a<span class=\"_ _1\"></span>lle dive<span class=\"_ _1\"></span>rse fasce d<span class=\"_ _1\"></span>i rating individu<span class=\"_ _1\"></span>ate: De<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>cri<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>oneCr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span> Fond<span class=\"_ _2\"></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=\"_ _e\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lu<span class=\"_ _2\"></span>taz<span class=\"_ _2\"></span>ionecr<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>ditiRati<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g A (ri<span class=\"_ _2\"></span>schi<span class=\"_ _0\"></span>o b<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>sso)<span class=\"_ _17f\"> </span><span class=\"ff27\">34<span class=\"_ _1\"></span>,4<span class=\"_ _17b\"> </span>3<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,3<span class=\"_ _ee\"> </span>0,9</span>Rati<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g B (ri<span class=\"_ _2\"></span>sch<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>)<span class=\"_ _e2\"> </span><span class=\"ff27\">1<span class=\"_ _1\"></span>1,<span class=\"_ _2\"></span>5<span class=\"_ _b6\"> </span>6,7<span class=\"_ _ee\"> </span>7,3</span>Rati<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g C (ri<span class=\"_ _2\"></span>sch<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>)<span class=\"_ _242\"> </span><span class=\"ff27\">8<span class=\"_ _2\"></span>,2<span class=\"_ _b6\"> </span>8<span class=\"_ _1\"></span>,1<span class=\"_ _213\"> </span>11<span class=\"_ _2\"></span>,9</span>Rati<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>g Z (n<span class=\"_ _2\"></span>ot<span class=\"_ _1\"></span> rate<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>)<span class=\"_ _1b8\"> </span><span class=\"ff27\">97<span class=\"_ _1\"></span>,7<span class=\"_ _189\"> </span>1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,1<span class=\"_ _213\"> </span>12<span class=\"_ _2\"></span>,4</span>Totale<span class=\"_ _26b\"> </span><span class=\"ff28\">15<span class=\"_ _2\"></span>1,<span class=\"_ _1\"></span>8<span class=\"_ _189\"> </span>17<span class=\"_ _2\"></span>1,2<span class=\"_ _213\"> </span>32<span class=\"_ _2\"></span>,5</span>Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>taz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _21f\"> </span><span class=\"ff27\">(33<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _e4\"> </span>(3<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,8<span class=\"_ _2\"></span>)</span>Totale<span class=\"_ _e\"></span> ne<span class=\"_ _e\"></span>tto<span class=\"_ _1bb\"> </span><span class=\"ff28\">1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,7<span class=\"_ _189\"> </span>1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,4</span>Si ramme<span class=\"_ _1\"></span>nta ch<span class=\"_ _1\"></span>e la <span class=\"_ _2\"></span>fascia dei <span class=\"_ _2\"></span>cr<span class=\"_ _3\"></span>editi <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>attribuzione <span class=\"_ _2\"></span>Rating Z <span class=\"_ _1\"></span>\u00e8 c<span class=\"_ _1\"></span>ostituita <span class=\"_ _1\"></span>principa<span class=\"_ _1\"></span>lmente da<span class=\"_ _1\"></span> cred<span class=\"_ _1\"></span>iti ve<span class=\"_ _1\"></span>rso en<span class=\"_ _1\"></span>ti pubblici, client<span class=\"_ _1\"></span>i esteri e clientela d<span class=\"_ _1\"></span>iffusa. Con riferimento <span class=\"_ _1\"></span>al gruppo <span class=\"_ _1\"></span>m-Dis si segnala <span class=\"_ _1\"></span>che le re<span class=\"_ _1\"></span>lative poste pat<span class=\"_ _1\"></span>rimoniali con<span class=\"_ _1\"></span>fluiscono ne<span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>la fascia Ra<span class=\"_ _1\"></span>ting Z. <span class=\"_ _12\"> </span>Per <span class=\"_ _12\"> </span>mitigarne <span class=\"_ _a\"> </span>gli <span class=\"_ _12\"> </span>effetti <span class=\"_ _12\"> </span>del <span class=\"_ _a\"> </span>rischio <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>credito, <span class=\"_ _a\"> </span>l<span class=\"_ _3\"></span>a <span class=\"_ _12\"> </span>societ\u00e0 <span class=\"_ _a\"> </span>m<span class=\"_ _3\"></span>-dis <span class=\"_ _12\"> </span>Distribuzione <span class=\"_ _a\"> </span>Media <span class=\"_ _12\"> </span>S.p.A. <span class=\"_ _12\"> </span>attua <span class=\"_ _a\"> </span>un monitoraggio <span class=\"_ _2\"></span>puntual<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>costante <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>situazione <span class=\"_ _2\"></span>creditor<span class=\"_ _1\"></span>ia <span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>ottenuto <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>molti <span class=\"_ _2\"></span>distributori <span class=\"_ _2\"></span>local<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>rilascio di <span class=\"_ _e\"></span>garanzie <span class=\"_ _3\"></span>(<span class=\"_ _3\"></span>fidejussioni) <span class=\"_ _3\"></span>a <span class=\"_ _11\"></span>parz<span class=\"_ _2\"></span>iale cop<span class=\"_ _2\"></span>ertur<span class=\"_ _1\"></span>a del risc<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>io <span class=\"ls6\">di</span> <span class=\"_ _3\"></span>cred<span class=\"_ _2\"></span>ito. Tutt<span class=\"_ _1\"></span>av<span class=\"_ _2\"></span>ia, <span class=\"ls16\">il</span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>tinuo cal<span class=\"_ _1\"></span>o dei liqu<span class=\"_ _2\"></span>idati<span class=\"_ _1\"></span> e <span class=\"_ _3\"></span><span class=\"ls16\">la</span> sos<span class=\"_ _1\"></span>tan<span class=\"_ _2\"></span>ziale<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>assenza <span class=\"_ _12\"> </span>di <span class=\"_ _a\"> </span>barriere <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>accesso <span class=\"_ _a\"> </span><span class=\"ls4\">al</span> <span class=\"_ _12\"> </span>mercato <span class=\"_ _a\"> </span>potr<span class=\"_ _3\"></span>ebbero <span class=\"_ _12\"> </span>compor<span class=\"_ _1\"></span>tare <span class=\"_ _12\"> </span>modif<span class=\"_ _1\"></span>iche <span class=\"_ _a\"> </span><span class=\"ff22\">al<span class=\"_ _3\"></span>l\u2019attuale</span> <span class=\"_ _a\"> </span>filiera distributiva, <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>conc<span class=\"_ _1\"></span>entrazione <span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>operatori <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>magg<span class=\"_ _1\"></span>iori <span class=\"_ _2\"></span>rischi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>cre<span class=\"_ _1\"></span>dito. <span class=\"_ _2\"></span>Il <span class=\"_ _2\"></span>mercato <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>cui <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>aziende <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>grup<span class=\"_ _1\"></span>po m-Dis <span class=\"_ _11\"></span>operano <span class=\"_ _e\"></span>\u00e8 <span class=\"_ _6\"></span>costituito <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>un <span class=\"_ _e\"></span>numero <span class=\"_ _3\"></span>contenuto <span class=\"_ _3\"></span><span class=\"ls6\">di</span> <span class=\"_ _e\"></span>piccole/med<span class=\"_ _1\"></span>ie <span class=\"_ _3\"></span><span class=\"ls4\">az</span>iende <span class=\"_ _3\"></span>rappresentate <span class=\"_ _3\"></span>prevalentemente dai <span class=\"_ _a\"></span>Dis<span class=\"_ _1\"></span>tributori <span class=\"_ _7\"></span>Locali <span class=\"_ _a\"> </span>che <span class=\"_ _7\"></span>sono <span class=\"_ _a\"> </span>at<span class=\"_ _1\"></span>tivi <span class=\"_ _7\"></span>nel <span class=\"_ _a\"> </span>campo <span class=\"_ _7\"></span>della <span class=\"_ _a\"> </span>distribuzione<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _7\"></span>prodotti <span class=\"_ _7\"></span>editoriali. <span class=\"_ _a\"> </span>Le <span class=\"_ _a\"> </span>transazioni effettuate <span class=\"_ _2\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>gen<span class=\"_ _1\"></span>eralmente <span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>egolate <span class=\"_ _0\"></span><span class=\"ls16\">in<span class=\"_ _3\"></span><span class=\"ls0\"> <span class=\"_ _2\"></span>temp<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>brevi <span class=\"_ _2\"></span>e <span class=\"_ _0\"></span>tramite <span class=\"_ _2\"></span><span class=\"ff22\">l\u2019inca<span class=\"_ _1\"></span>sso<span class=\"ff1f\"> <span class=\"_ _2\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>acconti p<span class=\"_ _2\"></span>er<span class=\"_ _3\"></span>iodici anticipa<span class=\"_ _1\"></span>ti. Alla luc<span class=\"_ _1\"></span>e </span></span></span></span>di quan<span class=\"_ _1\"></span>to espo<span class=\"_ _1\"></span>sto <span class=\"_ _1\"></span>non <span class=\"_ _2\"></span>vi<span class=\"_ _3\"></span>ene <span class=\"_ _2\"></span>elaborato uno <span class=\"_ _2\"></span>scadenziario <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>stessi <span class=\"_ _1\"></span>in <span class=\"_ _2\"></span>quanto p<span class=\"_ _1\"></span>rivo <span class=\"_ _2\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>significa<span class=\"_ _1\"></span>tivit\u00e0 <span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> p<span class=\"_ _2\"></span>ertanto le rela<span class=\"_ _1\"></span>tive poste <span class=\"_ _1\"></span>patrimon<span class=\"_ _1\"></span>iali sono <span class=\"_ _1\"></span>da considerars<span class=\"_ _1\"></span>i con scaden<span class=\"_ _1\"></span>za prevalente<span class=\"_ _1\"></span>mente a vis<span class=\"_ _1\"></span>ta. Con <span class=\"_ _e\"></span>riferimento <span class=\"_ _3\"></span>a <span class=\"_ _e\"></span>Cairo <span class=\"_ _e\"></span>Communication <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>alle <span class=\"_ _e\"></span>societ\u00e0 <span class=\"_ _e\"></span>da <span class=\"_ _e\"></span>essa <span class=\"_ _e\"></span>controll<span class=\"_ _1\"></span>ate <span class=\"_ _e\"></span>(escluso <span class=\"_ _e\"></span><span class=\"ls2\">il</span> <span class=\"_ _3\"></span>Gruppo <span class=\"_ _6\"></span>RCS) <span class=\"_ _11\"></span>i <span class=\"_ _6\"></span>crediti commerciali lord<span class=\"_ _1\"></span>i sono pari a 153 mi<span class=\"_ _1\"></span>lioni. Il fondo sva<span class=\"_ _1\"></span>lutazione cr<span class=\"_ _1\"></span>editi \u00e8 pari <span class=\"_ _1\"></span>ad Euro 4,8 milioni.<span class=\"_ _1\"></span> La<span class=\"ls0\"> r<span class=\"_ _1\"></span>ipartizione <span class=\"_ _1\"></span>dei <span class=\"_ _2\"></span>crediti <span class=\"_ _1\"></span>commercial<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r f<span class=\"_ _1\"></span>asce <span class=\"_ _2\"></span><span class=\"ls6\">di<span class=\"_ _3\"></span><span class=\"ls0\"> sca<span class=\"_ _1\"></span>duto <span class=\"_ _1\"></span><span class=\"ls4\">al<span class=\"ls0\"> <span class=\"_ _2\"></span>31 dicemb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>22 <span class=\"_ _1\"></span>compara<span class=\"_ _1\"></span>ta con <span class=\"_ _1\"></span>il 31 <span class=\"_ _1\"></span>dicemb<span class=\"_ _1\"></span>re </span></span></span></span></span>2021 \u00e8 la seguente<span class=\"_ _1\"></span>: 31<span class=\"_ _2\"></span>/12<span class=\"_ _2\"></span>/20<span class=\"_ _2\"></span>22Co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nteSca<span class=\"_ _2\"></span>duto tra<span class=\"_ _2\"></span> Sca<span class=\"_ _2\"></span>duto tra<span class=\"_ _2\"></span> 6<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> Sca<span class=\"_ _2\"></span>duto tra<span class=\"_ _2\"></span> Sca<span class=\"_ _2\"></span>duto o<span class=\"_ _3\"></span>ltr<span class=\"_ _2\"></span>eTo<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> e<span class=\"_ _11\"></span> <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> g<span class=\"_ _e\"></span>ge<span class=\"_ _e\"></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=\"_ _11\"></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> g<span class=\"_ _e\"></span>gCredi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _235\"> </span><span class=\"ff27\">5,9<span class=\"_ _20e\"> </span>1<span class=\"_ _2\"></span>,1<span class=\"_ _67\"> </span>2,<span class=\"_ _1\"></span>9<span class=\"_ _67\"> </span>4<span class=\"_ _1\"></span>,8<span class=\"_ _85\"> </span>15<span class=\"_ _2\"></span>3,0</span>13<span class=\"_ _2\"></span>8,3Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o sval<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _26c\"> </span><span class=\"ff27\">(0,<span class=\"_ _2\"></span>5)<span class=\"_ _52\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _2\"></span>)<span class=\"_ _22f\"> </span>(0,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _20a\"> </span>(2,9<span class=\"_ _2\"></span>)<span class=\"_ _66\"> </span>(4,8<span class=\"_ _2\"></span>)</span>(0,<span class=\"_ _2\"></span>9)Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>o<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>lie<span class=\"_ _e\"></span>nti<span class=\"_ _22c\"> </span><span class=\"ff28\">5,4<span class=\"_ _213\"> </span>1,0<span class=\"_ _67\"> </span>2<span class=\"_ _1\"></span>,5<span class=\"_ _84\"> </span>1,9<span class=\"_ _85\"> </span>14<span class=\"_ _2\"></span>8,2</span>13<span class=\"_ _2\"></span>7,431<span class=\"_ _2\"></span>/12<span class=\"_ _2\"></span>/20<span class=\"_ _2\"></span>21Co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nteSca<span class=\"_ _2\"></span>duto tra<span class=\"_ _2\"></span> Sca<span class=\"_ _2\"></span>duto tra<span class=\"_ _2\"></span> 6<span class=\"_ _3\"></span>1<span class=\"_ _3\"></span> Sca<span class=\"_ _2\"></span>duto tra<span class=\"_ _2\"></span> Sca<span class=\"_ _2\"></span>duto o<span class=\"_ _3\"></span>ltr<span class=\"_ _2\"></span>eTo<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> e<span class=\"_ _11\"></span> <span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span> g<span class=\"_ _e\"></span>ge<span class=\"_ _e\"></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=\"_ _11\"></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> g<span class=\"_ _e\"></span>gCredi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _235\"> </span><span class=\"ff27\">7,3<span class=\"_ _20e\"> </span>1<span class=\"_ _2\"></span>,5<span class=\"_ _67\"> </span>2,<span class=\"_ _1\"></span>2<span class=\"_ _67\"> </span>4<span class=\"_ _1\"></span>,0<span class=\"_ _85\"> </span>16<span class=\"_ _2\"></span>1,4</span>14<span class=\"_ _2\"></span>6,3Fo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>o sval<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>taz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>cre<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _26c\"> </span><span class=\"ff27\">(0,<span class=\"_ _2\"></span>6)<span class=\"_ _52\"> </span>(0<span class=\"_ _1\"></span>,3<span class=\"_ _2\"></span>)<span class=\"_ _22f\"> </span>(1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _20a\"> </span>(2,6<span class=\"_ _2\"></span>)<span class=\"_ _66\"> </span>(5,1<span class=\"_ _2\"></span>)</span>(0,<span class=\"_ _2\"></span>3)Cr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>diti<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>s<span class=\"_ _11\"></span>o<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>lie<span class=\"_ _e\"></span>nti<span class=\"_ _22c\"> </span><span class=\"ff28\">6,7<span class=\"_ _213\"> </span>1,2<span class=\"_ _67\"> </span>0<span class=\"_ _1\"></span>,9<span class=\"_ _84\"> </span>1,4<span class=\"_ _85\"> </span>15<span class=\"_ _2\"></span>6,3</span>14<span class=\"_ _2\"></span>6,0Le altre attivit\u00e0 c<span class=\"_ _1\"></span>orrenti e n<span class=\"_ _1\"></span>on correnti in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>no<span class=\"_ _2\"></span>: <span class=\"ff22 fc0\">crediti verso l\u2019Erario per <span class=\"_ _3\"></span>complessiv<span class=\"ff1f\">i Euro 26,9 m<span class=\"_ _3\"></span>ilioni e verso l<span class=\"_ _3\"></span>o Stato per contributi pubblici per <span class=\"_ _3\"></span>Euro 22,8 </span></span>milioni <span class=\"_ _12\"> </span>per <span class=\"_ _a\"> </span>i <span class=\"_ _12\"> </span>quali <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>rischio <span class=\"_ _a\"> </span>di <span class=\"_ _12\"> </span>credito <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _12\"> </span>ritenu<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>non <span class=\"_ _12\"> </span>signi<span class=\"_ _1\"></span>ficativo <span class=\"_ _a\"> </span>in <span class=\"_ _12\"> </span>considerazione <span class=\"_ _12\"> </span>della <span class=\"_ _a\"> </span>natura <span class=\"_ _12\"> </span>della controparte; <span class=\"ff1f 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=\"ls8\">Eu<span class=\"ls5\">ro</span></span> <span class=\"_ _3\"></span>18,7 milioni <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>quali <span class=\"ls2\">il</span> <span class=\"_ _3\"></span>rischio <span class=\"_ _3\"></span>di <span class=\"_ _e\"></span>credito <span class=\"_ _3\"></span>risulta </span>mitigato dalla possibilit\u00e0 di compens<span class=\"_ _1\"></span>azione con correlati debit<span class=\"_ _1\"></span>i attuali e/o futuri. Tali anticipi sono espressi al<span class=\"_ _1\"></span> netto di un fondo s<span class=\"_ _1\"></span>valutazio<span class=\"_ _1\"></span>ne di Euro 7 milion<span class=\"_ _1\"></span>i. <span class=\"ff1f fc0\">depositi cauziona<span class=\"_ _1\"></span>li e bancari pe<span class=\"_ _1\"></span>r Euro 3,7 milioni sui q<span class=\"_ _1\"></span>uali il rischio credi<span class=\"_ _1\"></span>to \u00e8 ritenuto non<span class=\"_ _1\"></span> sign<span class=\"_ _2\"></span>ifica<span class=\"_ _2\"></span>tivo<span class=\"_ _1\"></span> </span><span class=\"ff1f fc0\">crediti diversi <span class=\"_ _1\"></span>pari a Eu<span class=\"_ _1\"></span>ro 8,8 m<span class=\"_ _1\"></span>ilioni esp<span class=\"_ _1\"></span>ressi <span class=\"ls4\">al</span> net<span class=\"_ _1\"></span>to di <span class=\"ls6\">un</span> fondo svalu<span class=\"_ _1\"></span>tazione <span class=\"ls6\">di</span> Euro 5,3 m<span class=\"_ _1\"></span>ili<span class=\"_ _1\"></span>on<span class=\"_ _2\"></span>i </span><span class=\"ff1f fc0\">I crediti <span class=\"_ _1\"></span>finanziar<span class=\"_ _1\"></span>i cor<span class=\"_ _1\"></span>renti s<span class=\"_ _1\"></span>ono pa<span class=\"_ _1\"></span>ri a Eu<span class=\"_ _2\"></span>ro 1 mi<span class=\"_ _1\"></span>lione </span><span class=\"ff1f fc0 ls4e\">Il<span class=\"ls0\"> risc<span class=\"_ _1\"></span>hio<span class=\"_ _2\"></span> <span class=\"ls6\">di</span> cr<span class=\"_ _1\"></span>edi<span class=\"_ _2\"></span>to c<span class=\"_ _1\"></span>orr<span class=\"_ _2\"></span>elat<span class=\"_ _1\"></span>o <span class=\"_ _2\"></span>alle d<span class=\"_ _2\"></span>ispo<span class=\"_ _1\"></span>nib<span class=\"_ _2\"></span>ilit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>liq<span class=\"_ _1\"></span>ui<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span> e <span class=\"_ _2\"></span>mezz<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span>qu<span class=\"_ _2\"></span>ivale<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ti,<span class=\"_ _1\"></span> co<span class=\"_ _2\"></span>n <span class=\"ls6\">una</span> e<span class=\"_ _2\"></span>spos<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e massima teorica </span></span>di Euro 54<span class=\"_ _1\"></span>,3 <span class=\"_ _3\"></span>milioni (Euro <span class=\"_ _1\"></span>113 mil<span class=\"_ _1\"></span>ioni <span class=\"ls4\">al</span> 31 <span class=\"_ _2\"></span>dicembre 2021) \u00e8 <span class=\"_ _2\"></span>ritenuto non <span class=\"_ _3\"></span>significativo <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>quanto <span class=\"_ _e\"></span>si <span class=\"_ _3\"></span>tratta <span class=\"_ _e\"></span>di depositi frazion<span class=\"_ _1\"></span>ati su diverse is<span class=\"_ _1\"></span>tituzioni banca<span class=\"_ _1\"></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=\"_ _1\"></span>tr<span class=\"_ _2\"></span>umenti<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ari <span class=\"_ _1\"></span>inf<span class=\"_ _2\"></span>orma<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>gra<span class=\"_ _2\"></span>tive Nella tabel<span class=\"_ _1\"></span>la che <span class=\"_ _2\"></span>segue sono ripor<span class=\"_ _1\"></span>tati i <span class=\"_ _1\"></span>valori c<span class=\"_ _1\"></span>ontabili <span class=\"_ _2\"></span>per ogni classe<span class=\"_ _1\"></span> ident<span class=\"_ _1\"></span>ificata <span class=\"ff22\">dal<span class=\"_ _1\"></span>l\u2019IFRS 9, come richiesto<span class=\"_ _1\"></span> </span>dall\u2019IFRS <span class=\"_ _a\"> </span>7. <span class=\"_ _7\"></span>Tale <span class=\"_ _a\"> </span>valore <span class=\"_ _a\"> </span>contabil<span class=\"_ _1\"></span>e <span class=\"_ _a\"> </span>coincide <span class=\"_ _7\"></span>generalmente <span class=\"_ _7\"></span>con <span class=\"_ _a\"> </span><span class=\"ls2\">la</span> <span class=\"_ _7\"></span>valutazione <span class=\"_ _7\"></span><span class=\"ls4\">al</span> <span class=\"_ _a\"> </span>costo <span class=\"_ _a\"> </span>ammort<span class=\"_ _1\"></span>izzato <span class=\"_ _7\"></span>delle attivit\u00e0/passivit\u00e0<span class=\"_ _1\"></span> finanziarie, ad eccez<span class=\"_ _1\"></span>ione degli strumenti derivat<span class=\"_ _1\"></span>i e degli altri strumenti di capitale valutati al fair value<span class=\"ff1f\">. </span>In<span class=\"ls0\"> conformit\u00e0 <span class=\"ff22\">all\u2019IFRS</span> 7, i crediti diversi e <span class=\"ls16\">le</span> altre <span class=\"_ _3\"></span>attivit\u00e0 correnti,<span class=\"_ _1\"></span> rappresentati nella tabella <span class=\"_ _e\"></span>che <span class=\"_ _11\"></span>segue, <span class=\"_ _11\"></span>non </span>includono i c<span class=\"_ _1\"></span>rediti verso <span class=\"_ _2\"></span>l<span class=\"_ _3\"></span>\u2019Erario, i ra<span class=\"_ _1\"></span>tei e riscon<span class=\"_ _1\"></span>ti attivi e <span class=\"_ _1\"></span>i crediti ver<span class=\"_ _1\"></span>so enti p<span class=\"_ _1\"></span>rev<span class=\"_ _2\"></span>iden<span class=\"_ _1\"></span>zia<span class=\"_ _2\"></span>li. Analogamente i<span class=\"_ _1\"></span> debiti dive<span class=\"_ _1\"></span>rsi e altre pa<span class=\"_ _1\"></span>ssivit\u00e0 correnti<span class=\"_ _1\"></span> non includono<span class=\"_ _2\"></span> i<span class=\"_ _3\"></span> debiti ve<span class=\"_ _1\"></span>rso enti prev<span class=\"_ _1\"></span>idenziali, <span class=\"_ _1\"></span>i ratei <span class=\"_ _1\"></span>e risconti passivi e l<span class=\"_ _1\"></span>e ferie m<span class=\"_ _1\"></span>aturate e non godu<span class=\"_ _1\"></span>te. De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _128\"> </span><span class=\"ff28\">31/<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2/<span class=\"_ _1\"></span>20<span class=\"_ _2\"></span>22<span class=\"_ _58\"> </span>3<span class=\"_ _1\"></span>1/<span class=\"_ _1\"></span>12<span class=\"_ _2\"></span>/20<span class=\"_ _1\"></span>21</span>ATTIV<span class=\"_ _1\"></span>ITA\u2019 <span class=\"_ _3\"></span>FINANZ<span class=\"_ _1\"></span>IARI<span class=\"_ _3\"></span>EAttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> al co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ortiz<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>atoCredi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>no<span class=\"_ _2\"></span>n corrent<span class=\"_ _1\"></span>i<span class=\"_ _d5\"> </span><span class=\"ff27\">0,<span class=\"_ _1\"></span>8<span class=\"_ _26d\"> </span>0,<span class=\"_ _1\"></span>2</span>Al<span class=\"_ _2\"></span>tre a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _3\"></span> no<span class=\"_ _2\"></span>n correnti<span class=\"_ _211\"> </span><span class=\"ff27\">4,3<span class=\"_ _26d\"> </span>4<span class=\"_ _1\"></span>,7</span>Credi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>com<span class=\"_ _2\"></span>merci<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _16e\"> </span><span class=\"ff27\">264<span class=\"_ _1\"></span>,3<span class=\"_ _26e\"> </span>28<span class=\"_ _2\"></span>8,8</span>Credi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>verso con<span class=\"_ _2\"></span>trol<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>gate <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>soci<span class=\"_ _2\"></span>ate<span class=\"_ _45\"> </span><span class=\"ff27\">2,6<span class=\"_ _26d\"> </span>2<span class=\"_ _2\"></span>,9</span>Credi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>versi<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>tre<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>correnti<span class=\"_ _4d\"> </span><span class=\"ff27\">32,1<span class=\"_ _263\"> </span>26,<span class=\"_ _1\"></span>0</span>Credi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>correnti<span class=\"_ _d6\"> </span><span class=\"ff27\">1<span class=\"_ _2\"></span>,0<span class=\"_ _26d\"> </span>0,3</span>Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>ni<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>qu<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>de e<span class=\"_ _3\"></span> mez<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span> equ<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>val<span class=\"_ _2\"></span>enti<span class=\"_ _24d\"> </span><span class=\"ff27\">5<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>3<span class=\"_ _26e\"> </span>11<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>0</span>Attiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> al f<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> imp<span class=\"_ _2\"></span>utate<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a co<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomicoDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cop<span class=\"_ _1\"></span>erturaAl<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> stru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>api<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e no<span class=\"_ _2\"></span>n c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrentiAttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> al f<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> imp<span class=\"_ _2\"></span>utate<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nto e<span class=\"_ _11\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomi<span class=\"_ _1\"></span>co<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivoDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _227\"> </span><span class=\"ff27\">1,3<span class=\"_ _26d\"> </span>0<span class=\"_ _1\"></span>,2</span>Al<span class=\"_ _2\"></span>tri<span class=\"_ _2\"></span> stru<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>api<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e no<span class=\"_ _2\"></span>n c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrenti<span class=\"_ _109\"> </span><span class=\"ff27\">5,4<span class=\"_ _26d\"> </span>2<span class=\"_ _1\"></span>,5</span>TOTA<span class=\"_ _3\"></span>LE<span class=\"_ _147\"> </span><span class=\"ff28\">366<span class=\"_ _2\"></span>,2<span class=\"_ _26f\"> </span>43<span class=\"_ _2\"></span>8,6</span>PASS<span class=\"_ _2\"></span>I<span class=\"_ _3\"></span>V<span class=\"_ _2\"></span>ITA<span class=\"_ _3\"></span>\u2019 FIN<span class=\"_ _3\"></span>ANZ<span class=\"_ _2\"></span>I<span class=\"_ _3\"></span>ARI<span class=\"_ _3\"></span>EPa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>anz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>rie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>to<span class=\"_ _3\"></span> am<span class=\"_ _2\"></span>mortiz<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>atoDe<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> e pass<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t\u00e0 no<span class=\"_ _2\"></span>n correnti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _11c\"> </span><span class=\"ff27\">40,<span class=\"_ _1\"></span>0<span class=\"_ _60\"> </span>3<span class=\"_ _2\"></span>9,6</span>Al<span class=\"_ _2\"></span>tre pass<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t\u00e0 no<span class=\"_ _2\"></span>n correntiP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rrenti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tratti<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ocazi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _215\"> </span><span class=\"ff27\">13<span class=\"_ _2\"></span>3,6<span class=\"_ _26e\"> </span>15<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>9</span>De<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rso ban<span class=\"_ _1\"></span>cheDe<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _196\"> </span><span class=\"ff27\">31,<span class=\"_ _1\"></span>8<span class=\"_ _60\"> </span>3<span class=\"_ _2\"></span>6,8</span>De<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>erc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _c9\"> </span><span class=\"ff27\">30<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,1<span class=\"_ _26e\"> </span>29<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,8</span>De<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> v<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rso c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>ol<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>gate e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>con<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>oci<span class=\"_ _2\"></span>ate<span class=\"_ _157\"> </span><span class=\"ff27\">11,8<span class=\"_ _26d\"> </span>7<span class=\"_ _2\"></span>,5</span>De<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>versi<span class=\"_ _2\"></span> e<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>tre <span class=\"_ _3\"></span>passi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>correnti<span class=\"_ _a8\"> </span><span class=\"ff27\">38<span class=\"_ _1\"></span>,8<span class=\"_ _270\"> </span>42<span class=\"_ _2\"></span>,1</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>corrent<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> per c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tratti<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ocazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _47\"> </span><span class=\"ff27\">28,<span class=\"_ _1\"></span>8<span class=\"_ _270\"> </span>29<span class=\"_ _1\"></span>,9</span>Pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>anz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>rie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al f<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> imp<span class=\"_ _2\"></span>utate<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>a co<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomicoDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span> no<span class=\"_ _2\"></span>n d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cop<span class=\"_ _1\"></span>erturaPa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>anz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>rie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al f<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>ir valu<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> imp<span class=\"_ _2\"></span>utate<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomi<span class=\"_ _1\"></span>co<span class=\"_ _3\"></span> co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivoDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>ati<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _271\"> </span><span class=\"ff27\">0,<span class=\"_ _1\"></span>4</span>TOTA<span class=\"_ _3\"></span>LE<span class=\"_ _147\"> </span><span class=\"ff28\">591<span class=\"_ _2\"></span>,9<span class=\"_ _26f\"> </span>61<span class=\"_ _2\"></span>0,0</span>Tra <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>finanziarie <span class=\"_ _2\"></span>valutate <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f\">imputate <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>mplessivo <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>classificati <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>titoli </span></span>e <span class=\"ls16\">le</span> <span class=\"_ _1\"></span>partecipazioni<span class=\"_ _1\"></span> che <span class=\"_ _2\"></span>non sono <span class=\"_ _1\"></span>n\u00e9 <span class=\"_ _1\"></span>di co<span class=\"_ _1\"></span>ntrollo, <span class=\"_ _2\"></span>n\u00e9 <span class=\"ls6\">di</span> collegamento, n\u00e9 d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> trading <span class=\"_ _1\"></span>definiti co<span class=\"_ _1\"></span>me altri stru<span class=\"_ _1\"></span>menti di <span class=\"_ _11\"></span>ca<span class=\"_ _3\"></span>pitale. <span class=\"_ _11\"></span>La <span class=\"_ _6\"></span>scelta <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>Gruppo <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>valutare <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>strumento<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>al <span class=\"_ _7\"></span><span class=\"ff24\">fair <span class=\"_ _6\"></span>value <span class=\"_ _11\"></span></span>con <span class=\"_ _6\"></span>variazioni <span class=\"_ _11\"></span>rilevate <span class=\"_ _11\"></span>nelle <span class=\"_ _6\"></span>altre componenti di c<span class=\"_ _1\"></span>onto econo<span class=\"_ _1\"></span>mico comp<span class=\"_ _2\"></span>less<span class=\"_ _2\"></span>ivo.<span class=\"_ _2\"></span> In <span class=\"_ _6\"></span>relazione <span class=\"_ _11\"></span>agli <span class=\"_ _11\"></span>strumenti <span class=\"_ _11\"></span>finanziari <span class=\"_ _6\"></span>rileva<span class=\"_ _1\"></span>ti <span class=\"_ _11\"></span>nella <span class=\"_ _6\"></span>situazione <span class=\"_ _11\"></span>patrimoniale <span class=\"_ _11\"></span>finanziaria <span class=\"_ _11\"></span><span class=\"ls3\">al</span> <span class=\"_ _6\"></span>fair <span class=\"_ _6\"> </span>value <span class=\"_ _6\"> </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 uti<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>izzati per la determinazio<span class=\"_ _1\"></span>ne del fair v<span class=\"_ _1\"></span>alue. In<span class=\"ls0\"> <span class=\"_ _2\"></span>conformit\u00e0 <span class=\"_ _2\"></span><span class=\"ff22\">all\u2019IFR<span class=\"_ _1\"></span>S<span class=\"ff1f\"> <span class=\"_ _2\"></span>7, <span class=\"_ _2\"></span><span class=\"ls33\">si<span class=\"ls0\"> <span class=\"_ _0\"></span>ri<span class=\"_ _3\"></span>portano <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>seguito <span class=\"_ _2\"></span>gl<span class=\"_ _1\"></span>i <span class=\"_ _2\"></span>effetti <span class=\"_ _2\"></span>deg<span class=\"_ _1\"></span>li <span class=\"_ _2\"></span>strumenti <span class=\"_ _0\"></span>fi<span class=\"_ _3\"></span>nanzia<span class=\"_ _1\"></span>ri <span class=\"_ _2\"></span>prodotti <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span>economico </span></span></span></span></span>e pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _1\"></span>netto <span class=\"_ _2\"></span>che comprendo<span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>principal<span class=\"_ _1\"></span>mente <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>utili <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>perdite <span class=\"_ _2\"></span>derivanti <span class=\"_ _1\"></span>dall\u2019acquisto <span class=\"_ _2\"></span>e dalla <span class=\"_ _2\"></span>vendita di <span class=\"_ _11\"></span>attivit\u00e0 <span class=\"_ _11\"></span>o <span class=\"_ _11\"></span>passivit\u00e0 <span class=\"_ _11\"></span>finanziarie <span class=\"_ _11\"></span>nonch\u00e9 <span class=\"_ _11\"></span>dalle <span class=\"_ _e\"></span>variazioni <span class=\"_ _11\"></span>di <span class=\"_ _6\"></span>valore <span class=\"_ _e\"></span>degli <span class=\"_ _11\"></span>strumenti <span class=\"_ _11\"></span>finanziari <span class=\"_ _e\"></span>val<span class=\"_ _3\"></span>utati <span class=\"_ _e\"></span>al <span class=\"_ _7\"></span><span class=\"ff24\">fair </span>value <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dagli <span class=\"_ _2\"></span>interessi a<span class=\"_ _1\"></span>ttivi/ <span class=\"_ _2\"></span>passivi mat<span class=\"_ _1\"></span>urati <span class=\"_ _2\"></span>sulle attivit\u00e0/pa<span class=\"_ _1\"></span>ssivit\u00e0 <span class=\"_ _2\"></span>fi<span class=\"_ _3\"></span>nanziarie <span class=\"_ _2\"></span>valutate a<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>costo <span class=\"_ _1\"></span>ammort<span class=\"_ _1\"></span>izzato. No<span class=\"_ _3\"></span>ta<span class=\"_ _6b\"> </span><span class=\"ff28\">31<span class=\"_ _1\"></span>/1<span class=\"_ _2\"></span>2/2<span class=\"_ _1\"></span>02<span class=\"_ _2\"></span>2<span class=\"_ _156\"> </span>3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>/1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>/2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>21</span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>tti (pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>dite<span class=\"_ _e\"></span> ne<span class=\"_ _e\"></span>tte<span class=\"_ _e\"></span>) ri<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>vati s<span class=\"_ _e\"></span>u a<span class=\"_ _2\"></span>ttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>rie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>uta<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>l f<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _2\"></span> v<span class=\"_ _3\"></span>alu<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> ne<span class=\"_ _e\"></span>ll<span class=\"_ _1\"></span>\u2019u<span class=\"_ _1\"></span>tile<span class=\"_ _e\"></span> (pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>dita<span class=\"_ _2\"></span>) di e<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>iz<span class=\"_ _2\"></span>ioAltr<span class=\"_ _2\"></span>i s<span class=\"_ _e\"></span>tru<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span> di cap<span class=\"_ _2\"></span>ita<span class=\"_ _1\"></span>led<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e (perd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta) <span class=\"_ _3\"></span>da el<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>naz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tabi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _277\"> </span><span class=\"ff27 ls7a\">10</span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>tti (pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>dite<span class=\"_ _e\"></span> ne<span class=\"_ _e\"></span>tte<span class=\"_ _e\"></span>) ri<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>vati s<span class=\"_ _e\"></span>u a<span class=\"_ _2\"></span>ttiv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>rie<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>uta<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>l co<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>to<span class=\"_ _3\"></span> a<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>morti<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>za<span class=\"_ _2\"></span>toAttivit\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ieAcc<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ento<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> fon<span class=\"_ _2\"></span>do<span class=\"_ _2\"></span> s<span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>ut<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ti<span class=\"_ _278\"> </span><span class=\"ff27\">8<span class=\"_ _170\"> </span>(1,2<span class=\"_ _2\"></span>)<span class=\"_ _170\"> </span>(0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>)</span>Uti<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(p<span class=\"_ _1\"></span>erdi<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>) deri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>'e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tabi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>redi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> com<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>versi<span class=\"_ _8e\"> </span><span class=\"ff27 fc1\">9<span class=\"_ _7b\"> </span>(0<span class=\"_ _2\"></span>,1)</span>Uti<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(p<span class=\"_ _1\"></span>erdi<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>) deri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>'e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tabi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>redi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>tre <span class=\"_ _3\"></span>atti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e<span class=\"_ _ea\"> </span><span class=\"ff27 fc1 ls7a\">10<span class=\"_ _7b\"> </span><span class=\"ls0\">(0<span class=\"_ _2\"></span>,3)</span></span>Sv<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>utaz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e c<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>presi<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span> ri<span class=\"_ _2\"></span>pri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _279\"> </span>10<span class=\"_ _7b\"> </span><span class=\"ls0\">(0<span class=\"_ _2\"></span>,1)<span class=\"_ _91\"> </span>(0<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>)</span>Pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>ina<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>ried<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e (perd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta) <span class=\"_ _3\"></span>da el<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>naz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tabi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _277\"> </span><span class=\"ff27 ls7a\">11</span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e (perd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta) <span class=\"_ _3\"></span>da ri<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>ego<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _d4\"> </span><span class=\"ff27 ls7a\">11</span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>tti (pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>dite<span class=\"_ _e\"></span> ne<span class=\"_ _e\"></span>tte<span class=\"_ _e\"></span>) ri<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>vati s<span class=\"_ _e\"></span>u in<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>tim<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nti in<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>tr<span class=\"_ _2\"></span>um<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>nti d<span class=\"_ _1\"></span>i cap<span class=\"_ _2\"></span>ital<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> v<span class=\"_ _3\"></span>alu<span class=\"_ _2\"></span>tati a<span class=\"_ _2\"></span>l f<span class=\"_ _2\"></span>air<span class=\"_ _2\"></span> v<span class=\"_ _3\"></span>alu<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> ri<span class=\"_ _2\"></span>le<span class=\"_ _e\"></span>v<span class=\"_ _3\"></span>ato <span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>l co<span class=\"_ _3\"></span>nto <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nomico <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivoAltr<span class=\"_ _2\"></span>i s<span class=\"_ _e\"></span>tru<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>nti<span class=\"_ _1\"></span> di cap<span class=\"_ _2\"></span>ita<span class=\"_ _1\"></span>led<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e (perd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta) <span class=\"_ _3\"></span>da vari<span class=\"_ _2\"></span>az<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fa<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>r v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>ue<span class=\"_ _27a\"> </span><span class=\"ff27 ls7a\">18<span class=\"_ _11e\"> </span><span class=\"ls0\">(0,1<span class=\"_ _2\"></span>)</span></span>Utili n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>tti (pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>dite<span class=\"_ _e\"></span> ne<span class=\"_ _e\"></span>tte<span class=\"_ _e\"></span>) ri<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span>vati s<span class=\"_ _e\"></span>u d<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>ivati<span class=\"_ _1\"></span> cas<span class=\"_ _e\"></span>h<span class=\"_ _1\"></span> f<span class=\"_ _2\"></span>lo<span class=\"_ _3\"></span>w<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>he<span class=\"_ _e\"></span>d<span class=\"_ _1\"></span>geDe<span class=\"_ _e\"></span>ri<span class=\"_ _1\"></span>vati d<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>ad<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e (perd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta) <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>tati<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co com<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>essi<span class=\"_ _2\"></span>vo<span class=\"_ _242\"> </span>33<span class=\"_ _df\"> </span><span class=\"ls0\">1,7<span class=\"_ _b8\"> </span>0,<span class=\"_ _2\"></span>6</span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ut<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e (perd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ta) <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>tati<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span> ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co<span class=\"_ _216\"> </span>11<span class=\"_ _7b\"> </span><span class=\"ls0\">(0<span class=\"_ _2\"></span>,2)<span class=\"_ _91\"> </span>(0,<span class=\"_ _1\"></span>5)</span>Inte<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i atti<span class=\"_ _2\"></span>v<span class=\"_ _e\"></span>i (p<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _11\"></span>ivi) al ta<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>di in<span class=\"_ _2\"></span>te<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ttivo<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> ma<span class=\"_ _2\"></span>tur<span class=\"_ _2\"></span>ati s<span class=\"_ _e\"></span>u<span class=\"_ _1\"></span>lle<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>atti<span class=\"_ _1\"></span>vit\u00e0/<span class=\"_ _1\"></span>pa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ivit\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>nz<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span> non al FV<span class=\"_ _2\"></span>PTLIn<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _2\"></span> su<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>redi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>/fi<span class=\"_ _0\"></span>nan<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>amen<span class=\"_ _1\"></span>ti<span class=\"_ _2\"></span> al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>sto<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>ato<span class=\"_ _27b\"> </span>11<span class=\"_ _df\"> </span><span class=\"ls0\">0,2<span class=\"_ _117\"> </span>0,1</span>In<span class=\"_ _1\"></span>teres<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span> passi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su p<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>costo<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>amm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>zato<span class=\"_ _27c\"> </span>11<span class=\"_ _7b\"> </span><span class=\"ls0\">(1<span class=\"_ _2\"></span>,7)<span class=\"_ _91\"> </span>(1<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>)</span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>per con<span class=\"_ _2\"></span>tra<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _1af\"> </span>11<span class=\"_ _27d\"> </span><span class=\"ls0\">(3,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _91\"> </span>(3,2<span class=\"_ _2\"></span>)</span>Sp<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>co<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>ioni non in<span class=\"_ _1\"></span>clus<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span> ne<span class=\"_ _e\"></span>l tas<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>di in<span class=\"_ _2\"></span>te<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>f<span class=\"_ _2\"></span>f<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ttivoP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>anz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>osto<span class=\"_ _2\"></span> a<span class=\"_ _3\"></span>mm<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>zato<span class=\"_ _27e\"> </span>11<span class=\"_ _27d\"> </span><span class=\"ls0\">(5,0<span class=\"_ _2\"></span>)<span class=\"_ _170\"> </span>(5<span class=\"_ _1\"></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=\"_ _2\"></span>le <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>finanziarie <span class=\"_ _2\"></span>valutate <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span><span class=\"ff24\">fair <span class=\"_ _2\"></span>value <span class=\"_ _2\"></span><span class=\"ff1f\">imputate <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>conto <span class=\"_ _1\"></span>economico <span class=\"_ _2\"></span>co<span class=\"_ _1\"></span>mplessivo <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>classificati <span class=\"_ _0\"></span>i <span class=\"_ _2\"></span>titoli </span></span>e <span class=\"ls16\">le</span> <span class=\"_ _1\"></span>partecipazioni<span class=\"_ _1\"></span> che <span class=\"_ _2\"></span>non sono <span class=\"_ _1\"></span>n\u00e9 <span class=\"_ _1\"></span>di co<span class=\"_ _1\"></span>ntrollo, <span class=\"_ _2\"></span>n\u00e9 <span class=\"ls6\">di</span> collegamento, n\u00e9 d<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> trading <span class=\"_ _1\"></span>definiti co<span class=\"_ _1\"></span>me altri stru<span class=\"_ _1\"></span>menti di <span class=\"_ _11\"></span>ca<span class=\"_ _3\"></span>pitale. <span class=\"_ _11\"></span>La <span class=\"_ _6\"></span>scelta <span class=\"_ _11\"></span>del <span class=\"_ _11\"></span>Gruppo <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>di <span class=\"_ _11\"></span>valutare <span class=\"_ _6\"></span>lo <span class=\"_ _6\"></span>strumento<span class=\"_ _1\"></span> <span class=\"_ _11\"></span>al <span class=\"_ _7\"></span><span class=\"ff24\">fair <span class=\"_ _6\"></span>value <span class=\"_ _11\"></span></span>con <span class=\"_ _6\"></span>variazioni <span class=\"_ _11\"></span>rilevate <span class=\"_ _11\"></span>nelle <span class=\"_ _6\"></span>altre componenti di c<span class=\"_ _1\"></span>onto econo<span class=\"_ _1\"></span>mico comp<span class=\"_ _2\"></span>less<span class=\"_ _2\"></span>ivo.<span class=\"_ _2\"></span> In <span class=\"_ _6\"></span>relazione <span class=\"_ _11\"></span>agli <span class=\"_ _11\"></span>strumenti <span class=\"_ _11\"></span>finanziari <span class=\"_ _6\"></span>rileva<span class=\"_ _1\"></span>ti <span class=\"_ _11\"></span>nella <span class=\"_ _6\"></span>situazione <span class=\"_ _11\"></span>patrimoniale <span class=\"_ _11\"></span>finanziaria <span class=\"_ _11\"></span><span class=\"ls3\">al</span> <span class=\"_ _6\"></span>fair <span class=\"_ _6\"> </span>value <span class=\"_ _6\"> </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 uti<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>izzati per la determinazio<span class=\"_ _1\"></span>ne del fair v<span class=\"_ _1\"></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=\"_ _1\"></span>tinti in: <span class=\"ff1f fs7 fc0\">Livello 1: Pr<span class=\"_ _1\"></span>ezzi quotat<span class=\"_ _1\"></span>i (non rettificati) su<span class=\"_ _1\"></span>i merca<span class=\"_ _1\"></span>ti attivi per a<span class=\"_ _1\"></span>ttivit\u00e0 o pass<span class=\"_ _1\"></span>ivit\u00e0 id<span class=\"_ _2\"></span>entich<span class=\"_ _2\"></span>e; </span><span class=\"ff1f fs7 fc0\">Livello 2: Dati <span class=\"_ _3\"></span><span class=\"ls6\">di</span> input <span class=\"_ _3\"></span>diversi dai prezzi quotati (di cui <span class=\"ls3\">al</span> livello 1) osservabili per <span class=\"ff22\">l\u2019attivit\u00e0 o la passivit\u00e0 sia </span></span>direttamente (co<span class=\"_ _1\"></span>me nel caso dei p<span class=\"_ _1\"></span>rezzi) sia <span class=\"_ _1\"></span>indirettame<span class=\"_ _1\"></span>nte (cio\u00e8 in qua<span class=\"_ _1\"></span>nto derivati dai p<span class=\"_ _1\"></span>rezzi); Livello 3: Dati di input r<span class=\"_ _1\"></span>elativi all\u2019att<span class=\"_ _1\"></span>ivit\u00e0 o alla pass<span class=\"_ _1\"></span>ivit\u00e0 non bas<span class=\"_ _1\"></span>ati su dati d<span class=\"_ _1\"></span>i mercato osse<span class=\"_ _2\"></span>rvab<span class=\"_ _1\"></span>ili.<span class=\"_ _2\"></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=\"_ _1\"></span>it\u00e0 e passi<span class=\"_ _1\"></span>vit\u00e0 che sono valutat<span class=\"_ _1\"></span>e al fair va<span class=\"_ _1\"></span>lue per livello g<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>arc<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o.<span class=\"_ _1\"></span> G<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>chia<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ta<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _e\"></span>l f<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>ir<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span>g<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> Live<span class=\"_ _11\"></span>llo <span class=\"_ _3\"></span>1<span class=\"_ _1c1\"> </span>Liv<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>llo 2<span class=\"_ _266\"> </span>Liv<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>llo 3<span class=\"_ _88\"> </span>To<span class=\"_ _3\"></span>tales<span class=\"_ _e\"></span>tr<span class=\"_ _2\"></span>um<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nti f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>i 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>/20<span class=\"_ _e\"></span>22ATTIV<span class=\"_ _2\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _2\"></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=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ta<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>coDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ertura<span class=\"_ _1ec\"> </span>1<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _272\"> </span>1<span class=\"_ _2\"></span>,3Atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ta<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co com<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>oAl<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>tru<span class=\"_ _2\"></span>men<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span> rapp<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>nt<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> di<span class=\"_ _0\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _273\"> </span>0<span class=\"_ _2\"></span>,3<span class=\"_ _221\"> </span>5,<span class=\"_ _2\"></span>1<span class=\"_ _14e\"> </span>5,<span class=\"_ _2\"></span>4TOTALE<span class=\"_ _1af\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _165\"> </span>1<span class=\"_ _3\"></span>,3<span class=\"_ _204\"> </span>5<span class=\"_ _3\"></span>,1<span class=\"_ _2f\"> </span>6,<span class=\"_ _3\"></span>7PAS<span class=\"_ _1\"></span>SIV<span class=\"_ _2\"></span>ITA\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _2\"></span>IARI<span class=\"_ _3\"></span>EP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>r val<span class=\"_ _0\"></span>ue i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>tate<span class=\"_ _3\"></span> a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co com<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> c<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ertura<span class=\"_ _1ec\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _272\"> </span>0<span class=\"_ _2\"></span>,4TOTALE<span class=\"_ _4b\"> </span>0,<span class=\"_ _3\"></span>4<span class=\"_ _1f5\"> </span>0,4G<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>chia<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>al<span class=\"_ _2\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span> de<span class=\"_ _e\"></span>l f<span class=\"_ _2\"></span>a<span class=\"_ _1\"></span>ir<span class=\"_ _2\"></span> v<span class=\"_ _3\"></span>alu<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> pe<span class=\"_ _e\"></span>r<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span>g<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> Live<span class=\"_ _11\"></span>llo <span class=\"_ _3\"></span>1<span class=\"_ _274\"> </span>Live<span class=\"_ _11\"></span>llo <span class=\"_ _3\"></span>2<span class=\"_ _266\"> </span>Liv<span class=\"_ _3\"></span>e<span class=\"_ _e\"></span>llo<span class=\"_ _3\"></span> 3<span class=\"_ _234\"> </span>Totales<span class=\"_ _e\"></span>tr<span class=\"_ _2\"></span>um<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nti f<span class=\"_ _2\"></span>in<span class=\"_ _2\"></span>an<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>i 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>/20<span class=\"_ _e\"></span>21ATTIV<span class=\"_ _2\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _2\"></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=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>tate <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cop<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra0<span class=\"_ _3\"></span>,2<span class=\"_ _273\"> </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=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> fai<span class=\"_ _2\"></span>r val<span class=\"_ _2\"></span>u<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>pu<span class=\"_ _2\"></span>tate <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o com<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>oAl<span class=\"_ _2\"></span>tri<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>tru<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> rapp<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>tati<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> ca<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _237\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>3<span class=\"_ _ae\"> </span>2,<span class=\"_ _2\"></span>1<span class=\"_ _8d\"> </span>2,<span class=\"_ _2\"></span>4TOTALE<span class=\"_ _275\"> </span>0<span class=\"_ _3\"></span>,3<span class=\"_ _1fd\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _204\"> </span>2<span class=\"_ _3\"></span>,1<span class=\"_ _2f\"> </span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6PAS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>IV<span class=\"_ _2\"></span>ITA<span class=\"_ _3\"></span>\u2019 FINA<span class=\"_ _3\"></span>NZ<span class=\"_ _2\"></span>IARI<span class=\"_ _3\"></span>EP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ssi<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span>e <span class=\"_ _3\"></span>al<span class=\"_ _2\"></span> fa<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>r v<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>utate a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> ec<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>co com<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>oDe<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> cop<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtu<span class=\"_ _2\"></span>ra<span class=\"_ _9b\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>4<span class=\"_ _231\"> </span>0,<span class=\"_ _2\"></span>4TOTALE<span class=\"_ _19d\"> </span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _276\"> </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=\"_ _2\"></span>ariaz<span class=\"_ _2\"></span>ione n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>i de<span class=\"_ _2\"></span>biti <span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ari<span class=\"_ _1\"></span> e <span class=\"_ _2\"></span>di al<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>tti<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>rie<span class=\"_ _2\"></span> espr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sa <span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>l r<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>dic<span class=\"_ _2\"></span>onto </span></span>fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io Si riportano <span class=\"_ _1\"></span>di segu<span class=\"_ _1\"></span>ito le va<span class=\"_ _1\"></span>riazioni de<span class=\"_ _2\"></span>i<span class=\"_ _3\"></span> debiti <span class=\"_ _1\"></span>finanziari<span class=\"_ _1\"></span> e delle a<span class=\"_ _1\"></span>ltre a<span class=\"_ _1\"></span>ttivit\u00e0 finanziarie. La <span class=\"_ _1\"></span>tabella con<span class=\"_ _2\"></span>se<span class=\"_ _3\"></span>nte 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=\"_ _3\"></span>t<span class=\"_ _3\"></span>otale delle <span class=\"_ _3\"></span>var<span class=\"_ _3\"></span>iazioni <span class=\"_ _3\"></span>registrate, per <span class=\"_ _e\"></span>il periodo in esame, ne<span class=\"_ _1\"></span>l prospetto re<span class=\"_ _1\"></span>lativo allo sta<span class=\"_ _1\"></span>to patrimon<span class=\"_ _1\"></span>iale consolidato. De<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iz<span class=\"_ _2\"></span>ione<span class=\"_ _1cd\"> </span><span class=\"ff28\">31<span class=\"_ _1\"></span>/1<span class=\"_ _2\"></span>2/2<span class=\"_ _1\"></span>02<span class=\"_ _2\"></span>2</span>31<span class=\"_ _2\"></span>/12<span class=\"_ _1\"></span>/2<span class=\"_ _2\"></span>021Flu<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>i di                V<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>ion<span class=\"_ _1\"></span>i n<span class=\"_ _2\"></span>on m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>ta<span class=\"_ _2\"></span>r<span class=\"_ _2\"></span>ie<span class=\"_ _3\"></span>               cas<span class=\"_ _3\"></span>s<span class=\"_ _e\"></span>aIncr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>ti V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>oni ar<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>a d<span class=\"_ _1\"></span>i Altr<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span> ne<span class=\"_ _e\"></span>tti le<span class=\"_ _e\"></span>a<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>sco<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olida<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>tov<span class=\"_ _3\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>iaz<span class=\"_ _2\"></span>ioniDebi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _27f\"> </span><span class=\"ff27\">-<span class=\"_ _253\"> </span>71,<span class=\"_ _1\"></span>8</span>76<span class=\"_ _2\"></span>,0(5,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)-0,<span class=\"_ _1\"></span>8Credi<span class=\"_ _0\"></span>ti<span class=\"_ _2\"></span> fi<span class=\"_ _2\"></span>nan<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ari<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>corrent<span class=\"_ _2\"></span>i<span class=\"_ _280\"> </span>-<span class=\"_ _281\"> </span><span class=\"ff27\">(1,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)</span>(0,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)(0,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)-(0,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>)Deri<span class=\"_ _2\"></span>vati<span class=\"_ _282\"> </span>-<span class=\"_ _281\"> </span><span class=\"ff27\">(1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)</span>0,<span class=\"_ _1\"></span>2-(1,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)-V<span class=\"_ _2\"></span>ar<span class=\"_ _2\"></span>ia<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>tta<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _e\"></span>i de<span class=\"_ _3\"></span>biti 76<span class=\"_ _2\"></span>,0(5,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)-<span class=\"_ _253\"> </span><span class=\"ff28\">69,<span class=\"_ _1\"></span>5</span>(1,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)0,<span class=\"_ _1\"></span>1f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>i e<span class=\"_ _e\"></span> di al<span class=\"_ _1\"></span>tr<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>(atti<span class=\"_ _1\"></span>vit\u00e0 f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>ie<span class=\"_ _e\"></span>)Di<span class=\"_ _2\"></span>spo<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>ui<span class=\"_ _0\"></span>de<span class=\"_ _283\"> </span>-<span class=\"_ _253\"> </span><span class=\"ff27\">54,<span class=\"_ _1\"></span>3</span>11<span class=\"_ _2\"></span>3,0(58<span class=\"_ _2\"></span>,7)--Debi<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>corrent<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _1\"></span>erso b<span class=\"_ _1\"></span>anche<span class=\"_ _284\"> </span>-<span class=\"_ _ed\"> </span>-----Dis<span class=\"_ _e\"></span>poni<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span> liq<span class=\"_ _2\"></span>uid<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> e<span class=\"_ _11\"></span> me<span class=\"_ _e\"></span>z<span class=\"_ _2\"></span>zi<span class=\"_ _1\"></span> 11<span class=\"_ _2\"></span>3,0(58<span class=\"_ _2\"></span>,7)-<span class=\"_ _253\"> </span><span class=\"ff28\">54,<span class=\"_ _1\"></span>3</span>--e<span class=\"_ _e\"></span>qu<span class=\"_ _1\"></span>ival<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>ntiInd<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>bi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>nto <span class=\"_ _3\"></span>(di<span class=\"_ _1\"></span>s<span class=\"_ _e\"></span>p<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _2\"></span>) (37<span class=\"_ _2\"></span>,0)53<span class=\"_ _2\"></span>,6-<span class=\"_ _253\"> </span><span class=\"ff28\">15,<span class=\"_ _1\"></span>2</span>(1,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)0,<span class=\"_ _1\"></span>1f<span class=\"_ _2\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>z<span class=\"_ _2\"></span>iar<span class=\"_ _2\"></span>io <span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span>ttoPa<span class=\"_ _2\"></span>s<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>iv<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _1\"></span> pe<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>be<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>i in<span class=\"_ _1\"></span> le<span class=\"_ _e\"></span>as<span class=\"_ _3\"></span>ing<span class=\"_ _16d\"> </span><span class=\"ff28\">4,<span class=\"_ _1\"></span>5<span class=\"_ _216\"> </span>162<span class=\"_ _2\"></span>,4</span>18<span class=\"_ _2\"></span>4,8(26<span class=\"_ _2\"></span>,9)--Si<span class=\"ls0\"> <span class=\"_ _e\"></span>evidenzia <span class=\"_ _e\"></span>che <span class=\"_ _e\"></span>i <span class=\"_ _e\"></span>debiti <span class=\"_ _e\"></span>verso <span class=\"_ _e\"></span>banche <span class=\"_ _3\"></span><span class=\"ls2\">in</span> <span class=\"_ _e\"></span>conto <span class=\"_ _e\"></span>corrente, <span class=\"_ _e\"></span>come <span class=\"_ _e\"></span>previsto <span class=\"_ _e\"></span>dai <span class=\"_ _e\"></span>principi <span class=\"_ _e\"></span>contabili <span class=\"_ _11\"></span>internazionali,<span class=\"_ _1\"></span> </span>concorrono alla <span class=\"_ _1\"></span>variazione <span class=\"_ _1\"></span>delle disponib<span class=\"_ _1\"></span>ilit\u00e0 liquide e <span class=\"_ _2\"></span>m<span class=\"_ _3\"></span>ezzi equival<span class=\"_ _1\"></span>enti. ",
   "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=\"_ _2\"></span>atti <span class=\"_ _1\"></span>di r<span class=\"_ _2\"></span>ilie<span class=\"_ _1\"></span>vo <span class=\"_ _1\"></span>acc<span class=\"_ _2\"></span>aduti <span class=\"_ _1\"></span>dal<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>hiu<span class=\"_ _1\"></span>sur<span class=\"_ _2\"></span>a del<span class=\"_ _1\"></span>l\u2019es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>o Non <span class=\"ls49\">si</span> <span class=\"_ _1\"></span>sono <span class=\"_ _2\"></span>verificati event<span class=\"_ _1\"></span>i suc<span class=\"_ _1\"></span>cessivi <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>chiusur<span class=\"_ _1\"></span>a <span class=\"ff22\">de<span class=\"_ _1\"></span>ll\u2019esercizio<span class=\"_ _1\"></span><span class=\"ff1f\"> tali <span class=\"_ _2\"></span>da richied<span class=\"_ _1\"></span>ere ret<span class=\"_ _1\"></span>tifiche <span class=\"_ _3\"></span>ai valori esposti </span></span>rispetto <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>quanto <span class=\"_ _2\"></span>gi\u00e0 <span class=\"_ _2\"></span>riportato <span class=\"_ _2\"></span>nella <span class=\"_ _2\"></span>presente <span class=\"_ _2\"></span>Relazione <span class=\"_ _2\"></span>Finanziaria <span class=\"_ _2\"></span>An<span class=\"_ _1\"></span>nua<span class=\"_ _2\"></span>le. ",
   "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=\"ls51\">DI</span> <span class=\"_ _1\"></span>GRUPPO AL <span class=\"_ _2\"></span>31 DICEMBRE <span class=\"ls13\">2022</span> Allegato 1<span class=\"_ _2\"></span> Nelle <span class=\"_\"> </span>seguenti <span class=\"_ _285\"> </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=\"_ _285\"> </span><span class=\"ff29\">Cairo <span class=\"_\"> </span>Com<span class=\"_ _3\"></span>munication <span class=\"_\"> </span>con <span class=\"_ _12\"> </span></span>l\u2019indicazione <span class=\"_ _a\"> </span>della denominaz<span class=\"_ _3\"></span>ione, <span class=\"_ _2\"></span>della <span class=\"_ _0\"></span>sede,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>del<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>capitale <span class=\"_ _2\"></span>sociale <span class=\"_ _2\"></span>delle <span class=\"_ _0\"></span>quo<span class=\"_ _3\"></span>te <span class=\"_ _2\"></span>possedute <span class=\"_ _2\"></span>direttamente<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>indirettamente <span class=\"_ _2\"></span>dalla <span class=\"_ _2\"></span>controllante<span class=\"_ _3\"></span> <span class=\"_ _2\"></span>Cairo Communication<span class=\"_ _3\"></span> S.p.A. e <span class=\"_ _2\"></span>da ciascuna delle controllate, d<span class=\"_ _3\"></span>elle modalit\u00e0 di consolidam<span class=\"_ _3\"></span>ento.<span class=\"_ _3\"></span> Socie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _ac\"> </span>Se<span class=\"_ _3\"></span>deCap<span class=\"_ _2\"></span>itale<span class=\"_ _3\"></span> V<span class=\"_ _2\"></span>alu<span class=\"_ _1\"></span>taSocie<span class=\"_ _e\"></span>t\u00e0 pa<span class=\"_ _2\"></span>rte<span class=\"_ _e\"></span>ci-% Par<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>cip.% Ar<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>a d<span class=\"_ _1\"></span>i atti<span class=\"_ _1\"></span>vit\u00e0Cr<span class=\"_ _1\"></span>ite<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> di s<span class=\"_ _e\"></span>oc<span class=\"_ _3\"></span>ial<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> al<span class=\"_ _1\"></span> pa<span class=\"_ _2\"></span>ntedi<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _e\"></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=\"_ _e\"></span>olida31<span class=\"_ _3\"></span>/1<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>/20<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2me<span class=\"_ _3\"></span>ntoCai<span class=\"_ _2\"></span>ro Com<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p.A.<span class=\"_ _15e\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _18\"> </span><span class=\"fc1\">6<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>98<span class=\"_ _2\"></span>9.66<span class=\"_ _2\"></span>3<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _24f\"> </span>In<span class=\"_ _2\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _2\"></span>eCai<span class=\"_ _2\"></span>ro Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span> S.p.A.<span class=\"_ _3\"></span> <span class=\"_ _6e\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _18\"> </span><span class=\"fc1\">1.0<span class=\"_ _2\"></span>43<span class=\"_ _1\"></span>.25<span class=\"_ _2\"></span>6<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>Cai<span class=\"_ _2\"></span>ro 99<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _223\"> </span>99<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>5Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.La 7 S.p.A.<span class=\"_ _56\"> </span>Rom<span class=\"_ _2\"></span>a<span class=\"_ _287\"> </span><span class=\"fc1\">1.0<span class=\"_ _2\"></span>20<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>Cai<span class=\"_ _2\"></span>ro 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _288\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> te<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>va<span class=\"_ _14\"> </span>Integral<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.Cai<span class=\"_ _2\"></span>roRCS<span class=\"_ _1\"></span> Medi<span class=\"_ _2\"></span>a S.p.A.<span class=\"_ _7a\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _113\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _2\"></span>ro 50<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0Co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.79<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>t\u00e0Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eRCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 50<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0S.p<span class=\"_ _1\"></span>.A.Cai<span class=\"_ _2\"></span>ro Ne<span class=\"_ _3\"></span>twork<span class=\"_ _2\"></span> S.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>. <span class=\"_ _ea\"> </span>Mi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _18\"> </span><span class=\"fc1\">5<span class=\"_ _1\"></span>.50<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _2\"></span>ro 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _288\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00Operatore di<span class=\"_ _2\"></span> rete<span class=\"_ _24f\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.Cai<span class=\"_ _2\"></span>ro P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>hi<span class=\"_ _0\"></span>ng<span class=\"_ _1\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _208\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _161\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _2\"></span>ro 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _288\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.Il<span class=\"_ _2\"></span> Trov<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>re S.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _b0\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>o<span class=\"_ _161\"> </span><span class=\"fc1\">25<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _2\"></span>ro 80<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _223\"> </span>80<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Int<span class=\"_ _1\"></span>ernet <span class=\"_ _28a\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> Anabasi<span class=\"_ _2\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _ee\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _2\"></span> <span class=\"_ _1c3\"> </span>10<span class=\"_ _2\"></span>.20<span class=\"_ _1\"></span>0<span class=\"_ _286\"> </span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _14a\"> </span>Cai<span class=\"_ _2\"></span>ro Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tore S.p.A.<span class=\"_ _75\"> </span>1<span class=\"_ _1\"></span>00<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _223\"> </span>99<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>5<span class=\"_ _234\"> </span><span class=\"fc0\">Edi<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _2\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _2\"></span>e</span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> S.p.A.<span class=\"_ _14e\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _2\"></span> <span class=\"_ _1c7\"> </span><span class=\"fc1\">27<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Cai<span class=\"_ _2\"></span>ro 59<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>9<span class=\"_ _223\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.My<span class=\"_ _2\"></span>Be<span class=\"_ _3\"></span>auty<span class=\"_ _2\"></span>Box<span class=\"_ _1\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _187\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>o<span class=\"_ _161\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 90<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _223\"> </span>53<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>2Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _1\"></span>tegral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Bl<span class=\"_ _2\"></span>ei<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.r.l<span class=\"_ _2\"></span>. <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>azi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _8c\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _18\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>54<span class=\"_ _2\"></span>8.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _223\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _24f\"> </span>In<span class=\"_ _2\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.RCS P<span class=\"_ _3\"></span>rod<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.p.A.<span class=\"_ _10a\"> </span>Ro<span class=\"_ _2\"></span>ma<span class=\"_ _8\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>aG<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _223\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69P<span class=\"_ _3\"></span>rod<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.RCS P<span class=\"_ _3\"></span>rod<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _dd\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _18\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>aG<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _223\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69P<span class=\"_ _3\"></span>rod<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.RCS P<span class=\"_ _3\"></span>rod<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>do<span class=\"_ _2\"></span>va S.p.A.<span class=\"_ _22b\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _113\"> </span><span class=\"fc1\">50<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _223\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69P<span class=\"_ _3\"></span>rod<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _24f\"> </span>In<span class=\"_ _2\"></span>tegral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Co<span class=\"_ _1\"></span>nso<span class=\"_ _2\"></span>rzi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Maratho<span class=\"_ _2\"></span>n S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _219\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _161\"> </span>20<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _19\"> </span>RCS Sp<span class=\"_ _2\"></span>ort S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _75\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _223\"> </span>5<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>69<span class=\"_ _22f\"> </span><span class=\"fc0\">Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _162\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>RCS Sp<span class=\"_ _2\"></span>ort S<span class=\"_ _1\"></span>.p.A.<span class=\"_ _b4\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _113\"> </span><span class=\"fc1\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _223\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _162\"> </span>In<span class=\"_ _2\"></span>te<span class=\"_ _3\"></span>gral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.So<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>et\u00e0<span class=\"_ _3\"></span> Spo<span class=\"_ _2\"></span>rti<span class=\"_ _2\"></span>va Di<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ttant<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>sti<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span> RCS Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _161\"> </span>1<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span>Euro<span class=\"_ _19\"> </span>RCS<span class=\"_ _1\"></span> Sp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rt S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _75\"> </span>1<span class=\"_ _1\"></span>00<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _223\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9<span class=\"_ _22f\"> </span><span class=\"fc0\">Servi<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _162\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>Acti<span class=\"_ _2\"></span>ve Te<span class=\"_ _3\"></span>am a r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.Socie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _2c\"> </span>S<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>deCap<span class=\"_ _1\"></span>ita<span class=\"_ _2\"></span>le<span class=\"_ _e\"></span> V<span class=\"_ _2\"></span>alu<span class=\"_ _1\"></span>taSocie<span class=\"_ _e\"></span>t\u00e0 % Par<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>cip.% Co<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>olid.<span class=\"_ _148\"> </span>Are<span class=\"_ _e\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>di a<span class=\"_ _1\"></span>ttivit\u00e0Cri<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> di s<span class=\"_ _e\"></span>oc<span class=\"_ _3\"></span>ia<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> al<span class=\"_ _1\"></span> pa<span class=\"_ _2\"></span>rte<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ipa<span class=\"_ _2\"></span>ntedir<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ttaco<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lida<span class=\"_ _2\"></span>me<span class=\"_ _e\"></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=\"_ _2\"></span>orts &amp; <span class=\"_ _3\"></span>Ev<span class=\"_ _1\"></span>ents S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _52\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>o<span class=\"_ _6c\"> </span><span class=\"fc1\">10.0<span class=\"_ _2\"></span>00<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Di<span class=\"_ _2\"></span>gi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> Fac<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span>ry<span class=\"_ _1\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _27d\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _14b\"> </span><span class=\"fc1\">50<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9Tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>o<span class=\"_ _75\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Sfera <span class=\"_ _3\"></span>Servi<span class=\"_ _2\"></span>ce S.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _17b\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _6c\"> </span><span class=\"fc1\">52<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9Servi<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _64\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Tro<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>avo<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _243\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _14b\"> </span><span class=\"fc1\">67<span class=\"_ _1\"></span>4.4<span class=\"_ _2\"></span>10<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.M-Di<span class=\"_ _2\"></span>s Di<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne Medi<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _14c\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _113\"> </span><span class=\"fc1\">6.3<span class=\"_ _2\"></span>92<span class=\"_ _1\"></span>.72<span class=\"_ _2\"></span>7<span class=\"_ _23\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>aGro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _75\"> </span>Integral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.MDM M<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _1\"></span> Di<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>Medi<span class=\"_ _2\"></span>a Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _14b\"> </span><span class=\"fc1\">61<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.76<span class=\"_ _2\"></span>5<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>M-Di<span class=\"_ _2\"></span>s Di<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne 56<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _85\"> </span>33,<span class=\"_ _2\"></span>43Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _75\"> </span>Integral<span class=\"_ _2\"></span>eS.r.l<span class=\"_ _2\"></span>.Medi<span class=\"_ _2\"></span>a S.p.A.P<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>eroni<span class=\"_ _2\"></span> Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne S.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _20a\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _51\"> </span><span class=\"fc1\">7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>M-Di<span class=\"_ _2\"></span>s Di<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne 51<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _85\"> </span>30,<span class=\"_ _2\"></span>44Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _75\"> </span>Integral<span class=\"_ _2\"></span>eMedi<span class=\"_ _2\"></span>a S.p.A.TO-di<span class=\"_ _2\"></span>s S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _eb\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _51\"> </span><span class=\"fc1\">5<span class=\"_ _2\"></span>10<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>M-Di<span class=\"_ _2\"></span>s Di<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>9Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>bu<span class=\"_ _2\"></span>zi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _75\"> </span>Integral<span class=\"_ _2\"></span>eMedi<span class=\"_ _2\"></span>a S.p.A.Em<span class=\"_ _2\"></span>ox<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _36\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _6c\"> </span>10<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span>Euro<span class=\"_ _12\"> </span>Ec<span class=\"_ _3\"></span>om<span class=\"_ _2\"></span>oz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 5D S.L.<span class=\"_ _1d\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>41<span class=\"_ _2\"></span>,7<span class=\"_ _2\"></span>8<span class=\"_ _15a\"> </span><span class=\"fc0\">Servi<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _64\"> </span>Integral<span class=\"_ _2\"></span>e</span>Canal<span class=\"_ _2\"></span> Mun<span class=\"_ _2\"></span>do<span class=\"_ _1\"></span> Radi<span class=\"_ _2\"></span>o Catal<span class=\"_ _2\"></span>un<span class=\"_ _1\"></span>a S.L.<span class=\"_ _28c\"> </span>Barc<span class=\"_ _3\"></span>el<span class=\"_ _2\"></span>ona<span class=\"_ _63\"> </span>3.01<span class=\"_ _2\"></span>0<span class=\"_ _23\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>99<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>9<span class=\"_ _85\"> </span>59,<span class=\"_ _2\"></span>68<span class=\"_ _23\"> </span><span class=\"fc0\">Radi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>ni<span class=\"_ _2\"></span>co<span class=\"_ _63\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>e</span>S.A.Corp<span class=\"_ _2\"></span>oraci<span class=\"_ _2\"></span>\u00f3n<span class=\"_ _1\"></span> Ra<span class=\"_ _3\"></span>di<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>f\u00f3n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span> Madri<span class=\"_ _2\"></span>d<span class=\"_ _14b\"> </span><span class=\"fc1\">90<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.12<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>Unedi<span class=\"_ _2\"></span>sa 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>8Radi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>co<span class=\"_ _75\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eInfo<span class=\"_ _2\"></span>rmaci<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span> y Depo<span class=\"_ _1\"></span>rte S.L.U.Com<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>es S.L.U.Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>es <span class=\"_ _3\"></span>C\u00f3n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>S.A.<span class=\"_ _6e\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _51\"> </span>4<span class=\"_ _2\"></span>32.7<span class=\"_ _2\"></span>20<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>99<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>0<span class=\"_ _85\"> </span>59,<span class=\"_ _2\"></span>33<span class=\"_ _28d\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>e</span>S.A.Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>servi<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>os Madri<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span> 20<span class=\"_ _2\"></span>00<span class=\"_ _1\"></span> S.L.U.<span class=\"_ _14b\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _14b\"> </span><span class=\"fc1\">60<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>8Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eRevi<span class=\"_ _2\"></span>stas <span class=\"_ _3\"></span>S.L.U.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span> Edi<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Lo<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>,<span class=\"_ _1\"></span> Val<span class=\"_ _1\"></span>enci<span class=\"_ _2\"></span>a<span class=\"_ _1b\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.73<span class=\"_ _2\"></span>2.34<span class=\"_ _2\"></span>5<span class=\"_ _286\"> </span><span class=\"fc0\">Euro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span></span>87<span class=\"_ _2\"></span>,2<span class=\"_ _2\"></span>3<span class=\"_ _20a\"> </span> <span class=\"_ _1a4\"> </span> <span class=\"_ _184\"> </span> S.L. S.A.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span> 11<span class=\"_ _2\"></span>,2<span class=\"_ _2\"></span>2<span class=\"_ _85\"> </span>58,<span class=\"_ _2\"></span>76Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eInfo<span class=\"_ _2\"></span>rmaci<span class=\"_ _2\"></span>\u00f2n<span class=\"_ _1\"></span> G<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>neral<span class=\"_ _2\"></span> S.L.U.La Esfe<span class=\"_ _3\"></span>ra <span class=\"_ _3\"></span>de l<span class=\"_ _2\"></span>os Li<span class=\"_ _2\"></span>bro<span class=\"_ _2\"></span>s <span class=\"_ _3\"></span>S.L.<span class=\"_ _234\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _6c\"> </span>48.0<span class=\"_ _2\"></span>00<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _31\"> </span>Un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>dad<span class=\"_ _1\"></span> Edi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>75<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _85\"> </span>44,<span class=\"_ _2\"></span>76<span class=\"_ _28d\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>e</span>S.A.Unedi<span class=\"_ _2\"></span>sa Com<span class=\"_ _2\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>es <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _14b\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _14b\"> </span>61<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>8<span class=\"_ _32\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>S.A.Unedi<span class=\"_ _2\"></span>sa Tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>om<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>es <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _19\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _113\"> </span>1.10<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>8<span class=\"_ _32\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>S.A.Unedi<span class=\"_ _2\"></span>sa Tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>om<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>es <span class=\"_ _3\"></span>de Val<span class=\"_ _1\"></span>enci<span class=\"_ _2\"></span>a<span class=\"_ _75\"> </span><span class=\"fc1\">3.01<span class=\"_ _2\"></span>0<span class=\"_ _23\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Unedi<span class=\"_ _2\"></span>sa 51<span class=\"_ _2\"></span>,1<span class=\"_ _2\"></span>6<span class=\"_ _85\"> </span>30,<span class=\"_ _2\"></span>53Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>medi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _75\"> </span>Integral<span class=\"_ _2\"></span>eLevant<span class=\"_ _1\"></span>e S.L.Tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>com<span class=\"_ _2\"></span>un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>ci<span class=\"_ _2\"></span>ones S.L.U.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span> S.A.<span class=\"_ _168\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _32\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>25<span class=\"_ _1\"></span>.89<span class=\"_ _2\"></span>6.89<span class=\"_ _2\"></span>8<span class=\"_ _286\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>agro<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span> 99<span class=\"_ _2\"></span>,9<span class=\"_ _2\"></span>9<span class=\"_ _85\"> </span>59,<span class=\"_ _2\"></span>68Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Li<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>era<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> Ra<span class=\"_ _3\"></span>di<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.L.<span class=\"_ _2f\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _6c\"> </span>10<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Euro<span class=\"_ _251\"> </span>Uni<span class=\"_ _2\"></span>dad<span class=\"_ _1\"></span> Edi<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>55<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _85\"> </span>32,<span class=\"_ _2\"></span>83<span class=\"_ _31\"> </span><span class=\"fc0\">Mul<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>e</span>S.A.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d de Medi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s <span class=\"_ _3\"></span>Di<span class=\"_ _2\"></span>gi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span> S.L.<span class=\"_ _51\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _63\"> </span>3.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>50<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _85\"> </span>29,<span class=\"_ _2\"></span>84<span class=\"_ _1d\"> </span><span class=\"fc0\">Pub<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>t\u00e1<span class=\"_ _25e\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>e</span>S.A.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>al<span class=\"_ _2\"></span> Inform<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>\u00f2n<span class=\"_ _2\"></span> Madri<span class=\"_ _2\"></span>d<span class=\"_ _113\"> </span><span class=\"fc1\">4.4<span class=\"_ _2\"></span>23.0<span class=\"_ _2\"></span>43<span class=\"_ _286\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _251\"> </span>U<span class=\"_ _3\"></span>ni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span></span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _85\"> </span>59<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>8<span class=\"_ _32\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>Deport<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>S.L.U.S.A.Socie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _1bd\"> </span>Se<span class=\"_ _3\"></span>deCap<span class=\"_ _2\"></span>itale<span class=\"_ _3\"></span> V<span class=\"_ _2\"></span>alu<span class=\"_ _1\"></span>taSocie<span class=\"_ _e\"></span>t\u00e0 % Par<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>cip.% Co<span class=\"_ _3\"></span>ns<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>lid.Ar<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>a<span class=\"_ _1\"></span> di Cr<span class=\"_ _1\"></span>ite<span class=\"_ _3\"></span>rio di s<span class=\"_ _e\"></span>ociale<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span> pa<span class=\"_ _2\"></span>rte<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>ipa<span class=\"_ _2\"></span>ntedir<span class=\"_ _2\"></span>e<span class=\"_ _e\"></span>ttaatti<span class=\"_ _2\"></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=\"_ _2\"></span>me<span class=\"_ _3\"></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=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> Info<span class=\"_ _1\"></span>rm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>\u00f2<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _21e\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.12<span class=\"_ _2\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _251\"> </span>Uni<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ad Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span></span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>68<span class=\"_ _1c3\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>Econ<span class=\"_ _2\"></span>om<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>S.L.U.S.A.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> Form<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _28f\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _223\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.69<span class=\"_ _2\"></span>3.00<span class=\"_ _2\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Uned<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>sa 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>68Tel<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>vo<span class=\"_ _63\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eTel<span class=\"_ _2\"></span>ec<span class=\"_ _3\"></span>om<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>es S.L.U.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> Info<span class=\"_ _1\"></span>rm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ci<span class=\"_ _1\"></span>\u00f2<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _21e\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>.12<span class=\"_ _2\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _251\"> </span>Uni<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ad Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span></span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>68<span class=\"_ _1c3\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>G<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>neral<span class=\"_ _2\"></span> S.L.U.S.A.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> Re<span class=\"_ _3\"></span>vi<span class=\"_ _2\"></span>stas S.L.U.<span class=\"_ _261\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _223\"> </span>1<span class=\"_ _1\"></span>.19<span class=\"_ _2\"></span>5.92<span class=\"_ _2\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _251\"> </span>Uni<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ad Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>68<span class=\"_ _1c3\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>S.A.Ecom<span class=\"_ _2\"></span>oz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 5D S.L.<span class=\"_ _20e\"> </span>Barc<span class=\"_ _3\"></span>el<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _14b\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Sfera Edi<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>s 70<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>00<span class=\"_ _110\"> </span>4<span class=\"_ _2\"></span>1,<span class=\"_ _2\"></span>78Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>eEsp<span class=\"_ _1\"></span>ana S.L.Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> Spo<span class=\"_ _2\"></span>rts&amp;Event<span class=\"_ _1\"></span>s Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _15e\"> </span><span class=\"fc1\">6.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">E<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ro<span class=\"_ _251\"> </span>Un<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>ad Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span></span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69<span class=\"_ _1c3\"> </span><span class=\"fc0\">Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>S.L.US.A.Veo Tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S.A.<span class=\"_ _b9\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _261\"> </span>769<span class=\"_ _2\"></span>.82<span class=\"_ _1\"></span>4<span class=\"_ _28e\"> </span><span class=\"fc0\">E<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ro<span class=\"_ _251\"> </span>Un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _1\"></span>ad Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>68<span class=\"_ _1b\"> </span><span class=\"fc0\">T<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>o<span class=\"_ _75\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>e</span>S.A.Sfera Edi<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>s Espana S.L.<span class=\"_ _110\"> </span>Barce<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _14b\"> </span><span class=\"fc1\">17<span class=\"_ _2\"></span>4.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">E<span class=\"_ _1\"></span>uro</span></span>RCS M<span class=\"_ _1\"></span>edi<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.Sfera Edi<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>s Mexi<span class=\"_ _2\"></span>co S.A.Co<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> 11<span class=\"_ _2\"></span>.28<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0MX<span class=\"_ _2\"></span>NRCS M<span class=\"_ _1\"></span>edi<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 99<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>99<span class=\"_ _2\"></span>9Anz<span class=\"_ _2\"></span>uresS.p<span class=\"_ _1\"></span>.A.59<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>69Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>/Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>iInt<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eSfera Servi<span class=\"_ _2\"></span>ce<span class=\"_ _3\"></span> Srl<span class=\"_ _dd\"> </span><span class=\"fc1\">0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _1\"></span>1</span>Sfera France <span class=\"_ _3\"></span>SAS <span class=\"_ _b0\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>gi<span class=\"_ _22b\"> </span><span class=\"fc1\">24<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Sfera Edi<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>s 66<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>70<span class=\"_ _110\"> </span>3<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>81Ed<span class=\"_ _2\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _25e\"> </span>Integ<span class=\"_ _1\"></span>ral<span class=\"_ _2\"></span>eEsp<span class=\"_ _1\"></span>ana S.L.Hot<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span>yo<span class=\"_ _1\"></span> S.A.<span class=\"_ _244\"> </span>Chi<span class=\"_ _2\"></span>asso<span class=\"_ _21e\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0<span class=\"_ _28f\"> </span><span class=\"fc0\">CHF</span></span>RCS M<span class=\"_ _1\"></span>edi<span class=\"_ _2\"></span>agro<span class=\"_ _2\"></span>up<span class=\"_ _1\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69Di<span class=\"_ _2\"></span>gi<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _75\"> </span>Integral<span class=\"_ _2\"></span>eS.p<span class=\"_ _1\"></span>.A.RCS S<span class=\"_ _1\"></span>po<span class=\"_ _2\"></span>rts a<span class=\"_ _3\"></span>nd<span class=\"_ _2\"></span> Event<span class=\"_ _1\"></span>s DMCC<span class=\"_ _220\"> </span>Dub<span class=\"_ _1\"></span>ai<span class=\"_ _274\"> </span><span class=\"fc1\">20<span class=\"_ _1\"></span>.07<span class=\"_ _2\"></span>7<span class=\"_ _28e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS S<span class=\"_ _1\"></span>po<span class=\"_ _2\"></span>rts &amp;<span class=\"_ _3\"></span> 10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>9,<span class=\"_ _2\"></span>69Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _64\"> </span>Int<span class=\"_ _1\"></span>egral<span class=\"_ _2\"></span>eEv<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>nts S.r.l<span class=\"_ _2\"></span>.Societ\u00e0 consolidate<span class=\"_ _3\"></span> con il metodo del Patrimonio<span class=\"_ _3\"></span> Netto Socie<span class=\"_ _11\"></span>t\u00e0<span class=\"_ _82\"> </span>Se<span class=\"_ _e\"></span>deCap<span class=\"_ _2\"></span>ita<span class=\"_ _1\"></span>le<span class=\"_ _e\"></span> V<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>taSocie<span class=\"_ _11\"></span>t\u00e0<span class=\"_ _1\"></span> % Ar<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>a d<span class=\"_ _1\"></span>i Cr<span class=\"_ _1\"></span>ite<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> di s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>cial<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> al pa<span class=\"_ _2\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _e\"></span>cipa<span class=\"_ _2\"></span>ntePa<span class=\"_ _2\"></span>rte<span class=\"_ _e\"></span>cip.a<span class=\"_ _1\"></span>ttivit\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>lid<span class=\"_ _2\"></span>am<span class=\"_ _2\"></span>e<span class=\"_ _11\"></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=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ttaQui<span class=\"_ _0\"></span>bee <span class=\"_ _3\"></span>S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _96\"> </span><span class=\"fc1\">To<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>no<span class=\"_ _290\"> </span>1<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>87<span class=\"_ _2\"></span>3<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS M<span class=\"_ _1\"></span>edi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 3<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Di<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _162\"> </span>P<span class=\"_ _3\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Co<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>rz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o C.S.E.D.I.<span class=\"_ _21\"> </span>M<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _18\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>03<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>1<span class=\"_ _51\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>M-Di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 2<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _162\"> </span>Pa<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoMed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.p.A.P<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>eron<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _162\"> </span>Pa<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoS.r.l<span class=\"_ _2\"></span>.Li<span class=\"_ _2\"></span>g<span class=\"_ _2\"></span>uri<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> press <span class=\"_ _3\"></span>S.r.l<span class=\"_ _2\"></span>. <span class=\"_ _2a\"> </span>G<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>va<span class=\"_ _286\"> </span><span class=\"fc1\">2<span class=\"_ _2\"></span>40<span class=\"_ _2\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Euro</span></span>M-Di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 4<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _162\"> </span>Pa<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoMed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.p.A.G<span class=\"_ _2\"></span>D <span class=\"_ _3\"></span>Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a Servi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span> S.r.l<span class=\"_ _2\"></span>. <span class=\"_ _2b\"> </span>Mi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _18\"> </span><span class=\"fc1\">7<span class=\"_ _2\"></span>8<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>.47<span class=\"_ _2\"></span>4<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>M-Di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span> Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 2<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _162\"> </span>Pa<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoMed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.p.A.Co<span class=\"_ _1\"></span>rp<span class=\"_ _2\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n Bermo<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>t S.L.<span class=\"_ _208\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _1cf\"> </span>2<span class=\"_ _2\"></span>1.0<span class=\"_ _2\"></span>03<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _8\"> </span>Uni<span class=\"_ _0\"></span>dad<span class=\"_ _1\"></span> Ed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>3<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Stam<span class=\"_ _2\"></span>pa<span class=\"_ _291\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o Netto</span>S.A.Berm<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>Catal<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a <span class=\"_ _3\"></span>S.A.<span class=\"_ _67\"> </span>Barc<span class=\"_ _3\"></span>el<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>a<span class=\"_ _28e\"> </span><span class=\"fc1\">60<span class=\"_ _2\"></span>.10<span class=\"_ _2\"></span>1<span class=\"_ _51\"> </span><span class=\"fc0\">E<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _2\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n 1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _162\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> N<span class=\"_ _3\"></span>ettoBerm<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>S.L.Berm<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>Im<span class=\"_ _2\"></span>presi<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> S.L.<span class=\"_ _91\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _18\"> </span><span class=\"fc1\">3<span class=\"_ _2\"></span>21<span class=\"_ _2\"></span>.85<span class=\"_ _2\"></span>0<span class=\"_ _51\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _2\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n 1<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _162\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> N<span class=\"_ _3\"></span>ettoBerm<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>S.L.Cal<span class=\"_ _2\"></span>pri<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span> S.L. <span class=\"_ _e6\"> </span>Val<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ad<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _291\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>85<span class=\"_ _2\"></span>6.8<span class=\"_ _2\"></span>80<span class=\"_ _21e\"> </span><span class=\"fc0\">Euro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _2\"></span>orac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n 3<span class=\"_ _1\"></span>9<span class=\"_ _2\"></span>,5<span class=\"_ _2\"></span>8St<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>a<span class=\"_ _162\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> N<span class=\"_ _3\"></span>ettoBerm<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>t <span class=\"_ _3\"></span>S.L.Escuel<span class=\"_ _2\"></span>a de Coci<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Tel<span class=\"_ _2\"></span>v<span class=\"_ _1\"></span>a S.L.<span class=\"_ _68\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _28f\"> </span><span class=\"fc1\">61<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s C\u00f3n<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a 5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Fo<span class=\"_ _2\"></span>rm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _162\"> </span>P<span class=\"_ _3\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoS.A.Soc<span class=\"_ _3\"></span>ie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _82\"> </span>S<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>deCap<span class=\"_ _2\"></span>itale<span class=\"_ _3\"></span> V<span class=\"_ _2\"></span>alu<span class=\"_ _2\"></span>taSoc<span class=\"_ _3\"></span>ie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _1\"></span> pa<span class=\"_ _2\"></span>rte<span class=\"_ _e\"></span>ci-% Par<span class=\"_ _2\"></span>te<span class=\"_ _e\"></span>c<span class=\"_ _3\"></span>ip<span class=\"_ _1\"></span>.Ar<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>a d<span class=\"_ _1\"></span>i Cr<span class=\"_ _1\"></span>ite<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> di s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>cial<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> al pa<span class=\"_ _2\"></span>ntedi<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ttaa<span class=\"_ _1\"></span>ttivit\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></span>oli-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=\"_ _2\"></span>me<span class=\"_ _e\"></span>ntoLagar S.A.<span class=\"_ _21c\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _32\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>25<span class=\"_ _2\"></span>3<span class=\"_ _161\"> </span><span class=\"fc0\">Euro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Bermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>aP<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoBermo<span class=\"_ _2\"></span>nt Im<span class=\"_ _2\"></span>presi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> 4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00S.L.Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>De<span class=\"_ _3\"></span>po<span class=\"_ _2\"></span>rtes<span class=\"_ _3\"></span> y Espect\u00e1c<span class=\"_ _3\"></span>ul<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _32\"> </span><span class=\"fc1\">6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Uni<span class=\"_ _0\"></span>dad Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> 3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoS.A. <span class=\"_ _3\"></span>(i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>)In<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>rm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>\u00f2<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> De<span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.L.U<span class=\"_ _3\"></span>.Ne<span class=\"_ _3\"></span>wspri<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span>t Imp<span class=\"_ _2\"></span>re<span class=\"_ _3\"></span>si<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Di<span class=\"_ _2\"></span>gi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> S.L.<span class=\"_ _15a\"> </span>Ten<span class=\"_ _1\"></span>eri<span class=\"_ _2\"></span>fe<span class=\"_ _219\"> </span>9<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span>Euro<span class=\"_ _28d\"> </span>TF<span class=\"_ _1\"></span> P<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.A.<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _22b\"> </span><span class=\"fc0\">Stamp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o Ne<span class=\"_ _3\"></span>tto</span>Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s A<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>adas <span class=\"_ _3\"></span>S.A<span class=\"_ _168\"> </span>Sev<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _219\"> </span><span class=\"fc1\">60<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>20<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> Dos 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoHe<span class=\"_ _3\"></span>rm<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>nas <span class=\"_ _3\"></span>S.L.U.G<span class=\"_ _2\"></span>ra<span class=\"_ _3\"></span>fi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>and<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> S.L.<span class=\"_ _be\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _1a\"> </span><span class=\"fc1\">6.0<span class=\"_ _2\"></span>10<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Om<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>p<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.A.San<span class=\"_ _1\"></span>ta Mari<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> 2<span class=\"_ _1\"></span>.79<span class=\"_ _2\"></span>0.00<span class=\"_ _2\"></span>0Eu<span class=\"_ _2\"></span>roCo<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttod<span class=\"_ _1\"></span>el<span class=\"_ _2\"></span> Ca<span class=\"_ _3\"></span>miBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Radi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Sal<span class=\"_ _2\"></span>u<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span> S.A.<span class=\"_ _2a\"> </span>Barc<span class=\"_ _3\"></span>el<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>a<span class=\"_ _19\"> </span><span class=\"fc1\">20<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.78<span class=\"_ _2\"></span>2<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Uned<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>sa 3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Radi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>fon<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _1ca\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o Ne<span class=\"_ _3\"></span>ttoCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ci<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s S.L.U.Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> Dos He<span class=\"_ _3\"></span>rman<span class=\"_ _1\"></span>as <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _266\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _28a\"> </span><span class=\"fc1\">2<span class=\"_ _1\"></span>.05<span class=\"_ _2\"></span>2.3<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> G<span class=\"_ _2\"></span>\u00fci<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>r S.L.U.<span class=\"_ _91\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _28a\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>.36<span class=\"_ _2\"></span>5.14<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> Im<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>resi<span class=\"_ _2\"></span>\u00f2n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.L.U.<span class=\"_ _208\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _14c\"> </span><span class=\"fc1\">3.0<span class=\"_ _2\"></span>10<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> P<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> S.L.U<span class=\"_ _3\"></span>.<span class=\"_ _1fd\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _28a\"> </span><span class=\"fc1\">3<span class=\"_ _1\"></span>.65<span class=\"_ _2\"></span>2.24<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> R\u00e1<span class=\"_ _3\"></span>b<span class=\"_ _1\"></span>ade S.L.U<span class=\"_ _3\"></span>.<span class=\"_ _189\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _28a\"> </span><span class=\"fc1\">1.5<span class=\"_ _2\"></span>50<span class=\"_ _1\"></span>.01<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Euro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Rec<span class=\"_ _3\"></span>op<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>nt<span class=\"_ _1\"></span> Sagu<span class=\"_ _2\"></span>nto<span class=\"_ _2\"></span> S.L.U<span class=\"_ _3\"></span>.<span class=\"_ _b9\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _28a\"> </span><span class=\"fc1\">2.2<span class=\"_ _2\"></span>81<span class=\"_ _1\"></span>.92<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Co<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.TF<span class=\"_ _1\"></span> P<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.A.San<span class=\"_ _1\"></span>ta Cruz<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>de 1<span class=\"_ _1\"></span>.38<span class=\"_ _2\"></span>2.32<span class=\"_ _2\"></span>8Eu<span class=\"_ _2\"></span>roCo<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span> 7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00St<span class=\"_ _1\"></span>amp<span class=\"_ _2\"></span>a<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>ttoTeneri<span class=\"_ _2\"></span>feBermo<span class=\"_ _2\"></span>nt S<span class=\"_ _1\"></span>.L.Bermo<span class=\"_ _2\"></span>nt Im<span class=\"_ _2\"></span>presi<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span> 2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00S.L.Uni<span class=\"_ _0\"></span>dad Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> Ra<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span> S.L.<span class=\"_ _64\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _118\"> </span>10<span class=\"_ _2\"></span>.00<span class=\"_ _1\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _286\"> </span>Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _28a\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>e<span class=\"_ _1d4\"> </span>P<span class=\"_ _e\"></span>atri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>tto</span>S.A.Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>gi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> S.A.<span class=\"_ _110\"> </span>5<span class=\"_ _2\"></span>5,<span class=\"_ _2\"></span>0<span class=\"_ _1\"></span>0In<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span> Imm<span class=\"_ _2\"></span>ob<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>are<span class=\"_ _3\"></span> D<span class=\"_ _3\"></span>ue S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _203\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ano<span class=\"_ _32\"> </span>5<span class=\"_ _2\"></span>00<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _14a\"> </span>Ini<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span> Due S.\u00e0<span class=\"_ _3\"></span>.r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _14b\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _14\"> </span><span class=\"fc0\">Im<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>bi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re<span class=\"_ _1d5\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o Netto</span>In<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>m Du<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>S.\u00e0.<span class=\"_ _3\"></span>r.l<span class=\"_ _2\"></span>.<span class=\"_ _7b\"> </span>Lussemb<span class=\"_ _2\"></span>urg<span class=\"_ _2\"></span>o<span class=\"_ _19\"> </span><span class=\"fc1\">2<span class=\"_ _2\"></span>40<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>95<span class=\"_ _2\"></span>0<span class=\"_ _161\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>aG<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p 2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Im<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>bi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re<span class=\"_ _1d5\"> </span>P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>tri<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o NettoS.p<span class=\"_ _1\"></span>.A.Partecipazioni <span class=\"ls7d\">in</span> altre impr<span class=\"_ _1\"></span>ese Soc<span class=\"_ _3\"></span>ie<span class=\"_ _e\"></span>t\u00e0<span class=\"_ _293\"> </span>Se<span class=\"_ _e\"></span>d<span class=\"_ _1\"></span>eCap<span class=\"_ _2\"></span>ital<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span> V<span class=\"_ _2\"></span>al<span class=\"_ _1\"></span>utaSoc<span class=\"_ _3\"></span>ie<span class=\"_ _e\"></span>t\u00e0 p<span class=\"_ _1\"></span>a<span class=\"_ _2\"></span>rte<span class=\"_ _e\"></span>-% Ar<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>a d<span class=\"_ _1\"></span>i Cr<span class=\"_ _1\"></span>ite<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _1\"></span> s<span class=\"_ _e\"></span>o<span class=\"_ _3\"></span>ciale<span class=\"_ _e\"></span> a<span class=\"_ _1\"></span>l cipa<span class=\"_ _2\"></span>ntePa<span class=\"_ _2\"></span>rte<span class=\"_ _e\"></span>cip.a<span class=\"_ _1\"></span>ttivit\u00e0co<span class=\"_ _3\"></span>ns<span class=\"_ _e\"></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=\"_ _1\"></span>r<span class=\"_ _2\"></span>e<span class=\"_ _11\"></span>ttada<span class=\"_ _2\"></span>me<span class=\"_ _e\"></span>n<span class=\"_ _1\"></span>toAud<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tel<span class=\"_ _2\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _95\"> </span>Mi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _19\"> </span>30<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _155\"> </span>La 7 S.p<span class=\"_ _1\"></span>.A<span class=\"_ _274\"> </span>3,<span class=\"_ _2\"></span>33<span class=\"_ _217\"> </span>Tel<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _2\"></span>vo<span class=\"_ _1a\"> </span>Costo</span>Ansa So<span class=\"_ _1\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 Coo<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ra<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>a<span class=\"_ _1f4\"> </span>Ro<span class=\"_ _2\"></span>ma<span class=\"_ _1cf\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>78<span class=\"_ _2\"></span>3.3<span class=\"_ _1\"></span>6<span class=\"_ _2\"></span>2<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>38Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Cefri<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> S.c.<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span> r.<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>.<span class=\"_ _138\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>o<span class=\"_ _33\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>17<span class=\"_ _2\"></span>3.3<span class=\"_ _2\"></span>93<span class=\"_ _21e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>46Ri<span class=\"_ _2\"></span>ce<span class=\"_ _3\"></span>rca<span class=\"_ _1d\"> </span>CostoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>rz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>a Ita<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ana<span class=\"_ _df\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>o<span class=\"_ _290\"> </span><span class=\"fc1\">60<span class=\"_ _2\"></span>.00<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>67Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>edi<span class=\"_ _0\"></span>t S.c<span class=\"_ _3\"></span>.a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>r.l<span class=\"_ _2\"></span>. <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>daz<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ne<span class=\"_ _7f\"> </span>M<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _290\"> </span><span class=\"fc1\">2<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>55Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.H-Farm<span class=\"_ _1\"></span> S.p.A.<span class=\"_ _17d\"> </span>Ron<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>ade <span class=\"_ _3\"></span>(TV)<span class=\"_ _d\"> </span><span class=\"fc1\">12<span class=\"_ _2\"></span>.86<span class=\"_ _2\"></span>7.23<span class=\"_ _2\"></span>1<span class=\"_ _21e\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p 0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>52Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1a\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>AIm<span class=\"_ _2\"></span>mo<span class=\"_ _2\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>are<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tori<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>orn<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _20e\"> </span>Ro<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>a<span class=\"_ _294\"> </span><span class=\"fc1\">8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>46<span class=\"_ _2\"></span>2<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p 7<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>49Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>AItal<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>aCa<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>p S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _96\"> </span>Ro<span class=\"_ _2\"></span>ma<span class=\"_ _28f\"> </span><span class=\"fc1\">10<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>00<span class=\"_ _2\"></span>0<span class=\"_ _21e\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p 2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>91Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1a\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>AMach 2 Li<span class=\"_ _0\"></span>bri<span class=\"_ _2\"></span> S.r.l<span class=\"_ _2\"></span>. i<span class=\"_ _2\"></span>n l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>q<span class=\"_ _2\"></span>ui<span class=\"_ _0\"></span>dazi<span class=\"_ _0\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _14e\"> </span>Mi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _19\"> </span><span class=\"fc1\">64<span class=\"_ _2\"></span>6.25<span class=\"_ _2\"></span>0<span class=\"_ _21e\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p 1<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>09Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>ADi<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> Mag<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>cs <span class=\"_ _3\"></span>S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _dc\"> </span>Mi<span class=\"_ _2\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _295\"> </span><span class=\"fc1\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.42<span class=\"_ _2\"></span>8.4<span class=\"_ _1\"></span>2<span class=\"_ _2\"></span>7<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>27Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Mp<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>ri<span class=\"_ _2\"></span>ence <span class=\"_ _3\"></span>S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _296\"> </span>Ro<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>a<span class=\"_ _28e\"> </span><span class=\"fc1\">3<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>85<span class=\"_ _2\"></span>6<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>68Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Fan<span class=\"_ _1\"></span>taki<span class=\"_ _0\"></span>ng<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Int<span class=\"_ _1\"></span>era<span class=\"_ _3\"></span>cti<span class=\"_ _2\"></span>ve S.r.l<span class=\"_ _2\"></span>.<span class=\"_ _98\"> </span>Bresc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _28e\"> </span><span class=\"fc1\">1<span class=\"_ _2\"></span>0.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _21e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Bu<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>d<span class=\"_ _2\"></span>yfi<span class=\"_ _2\"></span>t S<span class=\"_ _1\"></span>.r.l<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _96\"> </span>G<span class=\"_ _2\"></span>eno<span class=\"_ _2\"></span>va<span class=\"_ _28f\"> </span><span class=\"fc1\">28<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>39<span class=\"_ _2\"></span>6<span class=\"_ _21e\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00S.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.Cai<span class=\"_ _2\"></span>ro 2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>eCo<span class=\"_ _1\"></span>stoCo<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>mu<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ns S.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.P<span class=\"_ _3\"></span>re<span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>um<span class=\"_ _2\"></span> P<span class=\"_ _e\"></span>u<span class=\"_ _2\"></span>bl<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>sh<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>r N<span class=\"_ _3\"></span>etwork<span class=\"_ _1\"></span> Mi<span class=\"_ _0\"></span>l<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>no<span class=\"_ _219\"> </span><span class=\"fc1\">19<span class=\"_ _1\"></span>.42<span class=\"_ _2\"></span>6<span class=\"_ _21e\"> </span><span class=\"fc0\">Euro</span></span>RCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>51P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>bl<span class=\"_ _0\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>to(Co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>rz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o)S.p<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>A.G<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>org<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> S.r.l<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>. <span class=\"_ _3\"></span> <span class=\"_ _187\"> </span>Ca<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>enz<span class=\"_ _2\"></span>ano<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>(FI)<span class=\"_ _33\"> </span><span class=\"fc1\">1.00<span class=\"_ _2\"></span>0.0<span class=\"_ _2\"></span>00<span class=\"_ _21e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>M-Di<span class=\"_ _2\"></span>s Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> 5<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Di<span class=\"_ _2\"></span>stri<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>CostoMed<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>a S.p.A.Cro<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span> P<span class=\"_ _e\"></span>ro<span class=\"_ _2\"></span>du<span class=\"_ _1\"></span>cc<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _297\"> </span><span class=\"fc1\">3<span class=\"_ _1\"></span>.01<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro</span></span>Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.L.U.Tel<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S.A.\u00c1bsi<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span> Medi<span class=\"_ _2\"></span>a S.L.<span class=\"_ _9e\"> </span>M<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>dri<span class=\"_ _2\"></span>d<span class=\"_ _10\"> </span>19<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>41<span class=\"_ _2\"></span>4.9<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _21e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro<span class=\"_ _288\"> </span>U<span class=\"_ _3\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>02<span class=\"_ _291\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>to</span>S.A.Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>ca<span class=\"_ _3\"></span>t Si<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span> S.L.<span class=\"_ _9a\"> </span>Ba<span class=\"_ _3\"></span>rc<span class=\"_ _3\"></span>el<span class=\"_ _2\"></span>on<span class=\"_ _2\"></span>a<span class=\"_ _10c\"> </span>3.2<span class=\"_ _2\"></span>00<span class=\"_ _21e\"> </span>Eu<span class=\"_ _1\"></span>ro<span class=\"_ _298\"> </span>Radi<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span> Sal<span class=\"_ _2\"></span>ud<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>S.A.<span class=\"_ _161\"> </span>25<span class=\"_ _2\"></span>,0<span class=\"_ _2\"></span>0<span class=\"_ _28c\"> </span><span class=\"fc0\">Ra<span class=\"_ _3\"></span>d<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>fon<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _14c\"> </span>Co<span class=\"_ _1\"></span>sto</span>Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> S.A.<span class=\"_ _126\"> </span>Madri<span class=\"_ _0\"></span>d<span class=\"_ _33\"> </span>4.7<span class=\"_ _2\"></span>63<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>26<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _8\"> </span>Un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> </span>1<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>16<span class=\"_ _291\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>to</span>S.A.Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> P<span class=\"_ _3\"></span>ub<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>dad<span class=\"_ _1\"></span> y Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _297\"> </span>3<span class=\"_ _1\"></span>.01<span class=\"_ _2\"></span>0<span class=\"_ _14b\"> </span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _f\"> </span>Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>gi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> S.A.<span class=\"_ _223\"> </span>10<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>00<span class=\"_ _28f\"> </span><span class=\"fc0\">P<span class=\"_ _e\"></span>u<span class=\"_ _2\"></span>bb<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>t\u00e0<span class=\"_ _14c\"> </span>Costo</span>Mark<span class=\"_ _1\"></span>eti<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>g<span class=\"_ _1\"></span> S.L.ULi<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> Tel<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n S.A.<span class=\"_ _20e\"> </span>M<span class=\"_ _1\"></span>adri<span class=\"_ _2\"></span>d<span class=\"_ _19\"> </span>77<span class=\"_ _2\"></span>5.80<span class=\"_ _2\"></span>0<span class=\"_ _21e\"> </span>Euro<span class=\"_ _16\"> </span>Li<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>rtad Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span> S.A.<span class=\"_ _161\"> </span>99<span class=\"_ _2\"></span>,6<span class=\"_ _2\"></span>6<span class=\"_ _219\"> </span><span class=\"fc0\">Tel<span class=\"_ _2\"></span>evi<span class=\"_ _2\"></span>si<span class=\"_ _2\"></span>v<span class=\"_ _2\"></span>o<span class=\"_ _14c\"> </span>Costo</span>Med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span> de A<span class=\"_ _3\"></span>z<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>har S.A.<span class=\"_ _df\"> </span>Cas<span class=\"_ _3\"></span>tel<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _18\"> </span><span class=\"fc1\">82<span class=\"_ _2\"></span>5.5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _21e\"> </span><span class=\"fc0\">Eu<span class=\"_ _1\"></span>ro</span></span>Uni<span class=\"_ _0\"></span>dad Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span> 6<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>12Serv<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>z<span class=\"_ _2\"></span>i<span class=\"_ _1a\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toEd<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>s <span class=\"_ _3\"></span>Lo<span class=\"_ _1\"></span>ca<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>es<span class=\"_ _3\"></span>,<span class=\"_ _2\"></span> S.LNuev<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> MarketP<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>S.L.<span class=\"_ _e7\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _9\"> </span>4.8<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>6.84<span class=\"_ _2\"></span>8<span class=\"_ _14b\"> </span><span class=\"fc0\">Eu<span class=\"_ _2\"></span>ro<span class=\"_ _8\"> </span>Un<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>10<span class=\"_ _291\"> </span><span class=\"fc0\">Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>to</span>S.A.P<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>ac<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span> del<span class=\"_ _2\"></span> Hi<span class=\"_ _2\"></span>el<span class=\"_ _2\"></span>o S.A.<span class=\"_ _176\"> </span>Madri<span class=\"_ _2\"></span>d<span class=\"_ _299\"> </span>1<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>74<span class=\"_ _2\"></span>2<span class=\"_ _14b\"> </span>Eu<span class=\"_ _2\"></span>ro<span class=\"_ _8\"> </span>Un<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>dad Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> 8<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>53<span class=\"_ _291\"> </span>Mu<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _2\"></span>m<span class=\"_ _2\"></span>edi<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.A.Wo<span class=\"_ _2\"></span>uz<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>S:<span class=\"_ _0\"></span>L<span class=\"_ _13b\"> </span>Mad<span class=\"_ _1\"></span>ri<span class=\"_ _2\"></span>d<span class=\"_ _290\"> </span>1<span class=\"_ _1\"></span>4<span class=\"_ _2\"></span>.<span class=\"_ _3\"></span>07<span class=\"_ _2\"></span>5<span class=\"_ _21e\"> </span>Euro<span class=\"_ _288\"> </span>Uni<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>d Ed<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>to<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00<span class=\"_ _291\"> </span>M<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>l<span class=\"_ _2\"></span>ti<span class=\"_ _0\"></span>med<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>al<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _1\"></span>stoS.A.Yoo<span class=\"_ _2\"></span>deal<span class=\"_ _2\"></span> Ltd<span class=\"_ _3b\"> </span>Crowb<span class=\"_ _2\"></span>oro<span class=\"_ _2\"></span>ug<span class=\"_ _2\"></span>h<span class=\"_ _18\"> </span>15<span class=\"_ _2\"></span>0.0<span class=\"_ _2\"></span>00<span class=\"_ _22b\"> </span>G<span class=\"_ _2\"></span>BPRCS Med<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>a<span class=\"_ _3\"></span>gro<span class=\"_ _2\"></span>up<span class=\"_ _2\"></span> 2<span class=\"_ _1\"></span>,<span class=\"_ _2\"></span>00Di<span class=\"_ _2\"></span>g<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>e<span class=\"_ _1d\"> </span>Co<span class=\"_ _2\"></span>s<span class=\"_ _3\"></span>toS.p<span class=\"_ _2\"></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=\"lsa\">ai</span> <span class=\"_ _2\"></span>sensi <span class=\"ff2c\">dell\u2019art.</span> <span class=\"_ _0\"></span><span class=\"lsa\">149<span class=\"ls0\">-duodecies <span class=\"_ _1\"></span>del </span></span>Regolamento Emittenti Conso<span class=\"_ _3\"></span>b<span class=\"_ _3\"></span> App<span class=\"_ _1\"></span>en<span class=\"_ _2\"></span>dice Il <span class=\"_ _285\"> </span>seguen<span class=\"_ _3\"></span>te <span class=\"_ _285\"> </span>prospetto<span class=\"_ _3\"></span>, <span class=\"_ _285\"> </span>redatto <span class=\"_ _285\"> </span>ai <span class=\"_ _16\"> </span>sensi <span class=\"_ _16\"> </span>dell\u2019<span class=\"_ _3\"></span>art. <span class=\"_ _285\"> </span>149-<span class=\"_ _3\"></span><span class=\"ff2f\">duodecies <span class=\"_ _285\"> </span></span>del <span class=\"_ _16\"> </span>Regolam<span class=\"_ _3\"></span>ento <span class=\"_ _285\"> </span>Emittenti <span class=\"_ _285\"> </span>CONS<span class=\"_ _3\"></span>OB, <span class=\"_ _285\"> </span>evid<span class=\"_ _3\"></span>enzia <span class=\"_ _16\"> </span>i corrispettivi <span class=\"_ _e\"></span>di <span class=\"_ _e\"></span>competenza <span class=\"_ _e\"></span>del <span class=\"_ _3\"></span>corr<span class=\"_ _3\"></span>ente <span class=\"_ _e\"></span>esercizio <span class=\"_ _e\"></span>per <span class=\"_ _e\"></span>i <span class=\"_ _3\"></span>servizi <span class=\"_ _e\"></span>di <span class=\"_ _3\"></span>rev<span class=\"_ _3\"></span>isione <span class=\"_ _e\"></span>e <span class=\"_ _3\"></span>p<span class=\"_ _3\"></span>er <span class=\"_ _3\"></span>q<span class=\"_ _3\"></span>uelli <span class=\"_ _e\"></span>diversi <span class=\"_ _3\"></span>dalla <span class=\"_ _e\"></span>revisione <span class=\"_ _e\"></span>resi <span class=\"_ _e\"></span>dalla<span class=\"_ _e\"></span> stessa societ\u00e0 di rev<span class=\"_ _3\"></span>isione. (Va<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Euro<span class=\"_ _2\"></span>)<span class=\"_ _2b9\"> </span><span class=\"ff2b\">Sog<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>tto<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>he<span class=\"_ _e\"></span> ha<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _2\"></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=\"_ _1\"></span>r<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>pe<span class=\"_ _e\"></span>ttivi di co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>te<span class=\"_ _11\"></span>nz<span class=\"_ _2\"></span>as<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>rviz<span class=\"_ _2\"></span>iode<span class=\"_ _e\"></span>ll<span class=\"_ _1\"></span>\u2019e<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>ciz<span class=\"_ _2\"></span>ioRe<span class=\"_ _e\"></span>v<span class=\"_ _e\"></span>is<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nta<span class=\"_ _2\"></span>bileCapo<span class=\"_ _2\"></span>gru<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o - Ca<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _56\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tte &amp; <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>he S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _21a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>1So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate<span class=\"_ _2ba\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>uche S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _21a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>2Se<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _2\"></span>i di a<span class=\"_ _1\"></span>tte<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>taz<span class=\"_ _2\"></span>ione<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>(*<span class=\"_ _3\"></span>)Capo<span class=\"_ _2\"></span>gru<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o - Ca<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _56\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tte &amp; <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>he S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _21a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate<span class=\"_ _2ba\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>uche S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _21a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0Altr<span class=\"_ _2\"></span>i s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _2\"></span>i (*<span class=\"_ _3\"></span>)Capo<span class=\"_ _2\"></span>gru<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _2\"></span>o - Ca<span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>ro<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>Co<span class=\"_ _1\"></span>m<span class=\"_ _2\"></span>m<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>ni<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>ti<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _3\"></span> (*)<span class=\"_ _243\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _1\"></span>u<span class=\"_ _2\"></span>c<span class=\"_ _3\"></span>he S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _21a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate<span class=\"_ _2ba\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>uche S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _21a\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>0To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _2bb\"> </span>0<span class=\"_ _3\"></span>,3(*) I servizi di a<span class=\"_ _1\"></span>ttestazione si r<span class=\"_ _1\"></span>iferiscono a<span class=\"_ _1\"></span>lla Dichiarazi<span class=\"_ _1\"></span>one Consolidat<span class=\"_ _1\"></span>a dei Dati No<span class=\"_ _1\"></span>n Finanziari (<span class=\"_ _2\"></span>1<span class=\"_ _3\"></span>8 mila 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>servizi <span class=\"_ _3\"></span>diversi <span class=\"_ _e\"></span>dalla <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>sue <span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>trollate <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>resi <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>societ\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=\"_ _e\"></span> (*)I <span class=\"_ _11\"></span>servi<span class=\"_ _3\"></span>zi <span class=\"_ _6\"></span><span class=\"lse\">di</span> <span class=\"_ _6\"></span>attestazione <span class=\"_ _11\"></span><span class=\"ls82\">si</span> <span class=\"_ _6\"> </span>riferiscono <span class=\"_ _6\"></span>alla <span class=\"_ _11\"></span>Dichiarazione <span class=\"_ _11\"></span>Consolidata <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>Dati <span class=\"_ _11\"></span>Non <span class=\"_ _6\"> </span>Finanziari <span class=\"_ _11\"></span><span class=\"lsc\">(3<span class=\"_ _3\"></span></span>7 <span class=\"_ _6\"> </span>mila <span class=\"_ _6\"></span>euro). Gli <span class=\"_ _6\"> </span>altri <span class=\"_ _6\"></span>servizi <span class=\"_ _11\"></span><span class=\"ls82\">si</span> <span class=\"_ _285\"> </span>riferiscono principalmente a <span class=\"_ _1\"></span>consulenze <span class=\"_ _1\"></span>in alcune soc<span class=\"_ _1\"></span>iet\u00e0 spagnol<span class=\"_ _1\"></span>e.(Va<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>ri<span class=\"_ _2\"></span> i<span class=\"_ _2\"></span>n<span class=\"_ _2\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>n<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span> d<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span> Euro<span class=\"_ _2\"></span>)<span class=\"_ _262\"> </span><span class=\"ff2b\">Sog<span class=\"_ _3\"></span>g<span class=\"_ _3\"></span>e<span class=\"_ _11\"></span>tto<span class=\"_ _3\"></span> c<span class=\"_ _3\"></span>he<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>ha<span class=\"_ _2\"></span> e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>og<span class=\"_ _3\"></span>ato <span class=\"_ _3\"></span>il</span>Co<span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>r<span class=\"_ _2\"></span>is<span class=\"_ _e\"></span>pe<span class=\"_ _e\"></span>ttivi di co<span class=\"_ _3\"></span>mp<span class=\"_ _1\"></span>e<span class=\"_ _e\"></span>te<span class=\"_ _11\"></span>nz<span class=\"_ _2\"></span>as<span class=\"_ _e\"></span>e<span class=\"_ _e\"></span>rviz<span class=\"_ _2\"></span>iode<span class=\"_ _e\"></span>ll<span class=\"_ _1\"></span>\u2019e<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>ciz<span class=\"_ _2\"></span>ioRe<span class=\"_ _e\"></span>v<span class=\"_ _e\"></span>is<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _e\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _3\"></span>nta<span class=\"_ _2\"></span>bileRCS<span class=\"_ _1\"></span> Medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _2bc\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>uche S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _25d\"> </span>0,<span class=\"_ _2\"></span>4So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate <span class=\"_ _3\"></span>i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ne<span class=\"_ _245\"> </span>D<span class=\"_ _3\"></span>el<span class=\"_ _2\"></span>o<span class=\"_ _1\"></span>i<span class=\"_ _2\"></span>t<span class=\"_ _1\"></span>te &amp;<span class=\"_ _3\"></span> Tou<span class=\"_ _2\"></span>che S.p.A.<span class=\"_ _25d\"> </span>0<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>2So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tere<span class=\"_ _2bd\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>two<span class=\"_ _1\"></span>rk<span class=\"_ _2b3\"> </span>0,<span class=\"_ _2\"></span>4Se<span class=\"_ _e\"></span>r<span class=\"_ _2\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _2\"></span>i di a<span class=\"_ _1\"></span>tte<span class=\"_ _e\"></span>s<span class=\"_ _e\"></span>taz<span class=\"_ _2\"></span>ione<span class=\"_ _e\"></span> <span class=\"_ _3\"></span>(*<span class=\"_ _3\"></span>)So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 i<span class=\"_ _2\"></span>tal<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>an<span class=\"_ _1\"></span>e<span class=\"_ _277\"> </span>Del<span class=\"_ _2\"></span>oi<span class=\"_ _0\"></span>tte &amp;<span class=\"_ _3\"></span> Tou<span class=\"_ _2\"></span>che S.p.A.<span class=\"_ _25d\"> </span>0<span class=\"_ _2\"></span>,0So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tere<span class=\"_ _2bd\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>two<span class=\"_ _1\"></span>rk<span class=\"_ _2b3\"> </span>0,<span class=\"_ _2\"></span>0Altr<span class=\"_ _2\"></span>i s<span class=\"_ _e\"></span>e<span class=\"_ _11\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _3\"></span>iz<span class=\"_ _2\"></span>i (*<span class=\"_ _3\"></span>)RCS<span class=\"_ _1\"></span> Medi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>G<span class=\"_ _2\"></span>rou<span class=\"_ _2\"></span>p<span class=\"_ _1\"></span> S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _2bc\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>To<span class=\"_ _2\"></span>uche S.p<span class=\"_ _1\"></span>.A.<span class=\"_ _292\"> </span>-So<span class=\"_ _2\"></span>ci<span class=\"_ _2\"></span>e<span class=\"_ _3\"></span>t\u00e0 c<span class=\"_ _3\"></span>on<span class=\"_ _2\"></span>tro<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>l<span class=\"_ _2\"></span>ate <span class=\"_ _3\"></span>es<span class=\"_ _3\"></span>tere<span class=\"_ _2bd\"> </span>De<span class=\"_ _3\"></span>l<span class=\"_ _2\"></span>o<span class=\"_ _2\"></span>i<span class=\"_ _2\"></span>tt<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>Ne<span class=\"_ _3\"></span>two<span class=\"_ _1\"></span>rk<span class=\"_ _28b\"> </span>-To<span class=\"_ _3\"></span>ta<span class=\"_ _1\"></span>le<span class=\"_ _2be\"> </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"
   }
  }
 }
}