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  },
  "s7_notes__5__5": {
   "value": "Informazioni gene<span class=\"_ _0\"></span>rali La Caltagirone <span class=\"_ _1\"></span>SpA <span class=\"_ _1\"></span>(la <span class=\"_ _1\"></span>Capogruppo<span class=\"_ _0\"></span>) <span class=\"_ _1\"></span>\u00e8 una <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>azioni operante <span class=\"_ _1\"></span>attraverso<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>le societ\u00e0 <span class=\"_ _1\"></span>controllate <span class=\"_ _1\"></span>nei <span class=\"_ _4\"></span>sett<span class=\"ff6\">ori <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>cemento, <span class=\"_ _1\"></span>dell\u2019editoria,</span> <span class=\"_ _4\"></span>dei <span class=\"_ _1\"></span>grandi <span class=\"_ _1\"></span>lavori <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>immobiliare, <span class=\"_ _1\"></span>con sede legale a Ro<span class=\"_ _0\"></span>ma (Italia), Vi<span class=\"_ _0\"></span>a Barberini n. 28<span class=\"_ _0\"></span>. Al 31 dicembre <span class=\"ls2\">2022</span>, gli azi<span class=\"_ _0\"></span>onisti in possesso di a<span class=\"_ _0\"></span>zioni in misura supe<span class=\"_ _0\"></span>riore al 3% del capitale <span class=\"_ _5\"></span>sociale, <span class=\"_ _a\"></span>cos\u00ec <span class=\"_ _a\"></span>come <span class=\"_ _5\"></span>risulta <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>libro <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>soci, <span class=\"_ _5\"></span>dalle <span class=\"_ _a\"></span>comunicazioni <span class=\"_ _5\"></span>ricevute <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>sensi<span class=\"_ _0\"></span> dell\u2019art. <span class=\"_ _1\"></span>120 <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>D. <span class=\"_ _1\"></span>Lgs <span class=\"_ _1\"></span>n. <span class=\"_ _4\"></span>58 <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>24 <span class=\"_ _1\"></span>febbraio <span class=\"_ _1\"></span>1998, <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dalle <span class=\"_ _4\"></span>altre <span class=\"_ _1\"></span>informaz<span class=\"_ _1\"></span><span class=\"ff2\">ioni <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>disposizione </span>sono: \u2022<span class=\"ff2\"> <span class=\"_ _2a\"> </span><span class=\"fs5\">Francesco Gaetano Ca<span class=\"_ _0\"></span>ltagirone n.<span class=\"_ _0\"></span> 105.217.025 azi<span class=\"_ _0\"></span>oni (87,593<span class=\"ls24\">%)<span class=\"_ _0\"></span><span class=\"ls0\"> </span></span></span></span>La predetta par<span class=\"_ _0\"></span>tecipazione \u00e8 detenuta<span class=\"_ _0\"></span>: Indirettamente tr<span class=\"_ _0\"></span>amite le Soci<span class=\"_ _0\"></span>et\u00e0<span class=\"ff2\">: </span>-<span class=\"ff2\"> <span class=\"_ _2a\"> </span><span class=\"fc1\">Finanzi<span class=\"_ _0\"></span>aria Italia 2005 SpA (53,914<span class=\"_ _0\"></span>%) </span></span>-<span class=\"ff2\"> <span class=\"_ _2a\"> </span><span class=\"fc1\">FGC SPA <span class=\"_ _0\"></span>(33,30<span class=\"ls24\">%)</span> </span></span>-<span class=\"ff2\"> <span class=\"_ _2a\"> </span><span class=\"fc1\">FINCAL SpA<span class=\"_ _0\"></span> (0,379%) </span></span>Alla <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>predisposizio<span class=\"_ _0\"></span>ne <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>presente <span class=\"_ _3\"></span>bilanci<span class=\"_ _0\"></span>o, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>controllan<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>ultima <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>FGC <span class=\"_ _3\"></span>SpA<span class=\"ls3\">, </span>per effetto del<span class=\"_ _0\"></span>le azioni d<span class=\"_ _0\"></span>etenute tramite p<span class=\"_ _0\"></span>roprie controllate.<span class=\"_ _0\"></span>  Il <span class=\"_\"> </span>presen<span class=\"_ _0\"></span>te <span class=\"_\"> </span>Bi<span class=\"_ _0\"></span>lancio <span class=\"_ _b\"> </span>consoli<span class=\"_ _0\"></span>dato <span class=\"_\"> </span>del<span class=\"_ _0\"></span> <span class=\"_\"> </span>Gruppo <span class=\"_ _b\"> </span>Ca<span class=\"_ _0\"></span>ltagirone <span class=\"_ _b\"> </span>\u00e8 <span class=\"_\"> </span>s<span class=\"_ _0\"></span>tato <span class=\"_\"> </span>autorizzato <span class=\"_ _b\"> </span>alla<span class=\"_ _0\"></span> pubblicazion<span class=\"_ _0\"></span>e dagli Ammini<span class=\"_ _0\"></span>stratori il 10 marzo 20<span class=\"_ _0\"></span>23. Conformit\u00e0 ai principi contabili IFRS/IAS Il <span class=\"_ _4\"></span>bilancio <span class=\"_ _4\"></span>consoli<span class=\"_ _0\"></span>dato <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>31 <span class=\"_ _4\"></span>dicembre <span class=\"_ _4\"></span>2022, <span class=\"_ _4\"></span>redat<span class=\"_ _0\"></span>to <span class=\"_ _4\"></span>sul <span class=\"_ _4\"></span>presupposto<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>continuit\u00e0 aziendale <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Capogruppo <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>imprese <span class=\"_ _0\"></span>controll<span class=\"_ _0\"></span>ate, <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _0\"></span>predispos<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>ai <span class=\"_ _0\"></span>sensi <span class=\"_ _3\"></span>degli <span class=\"_ _3\"></span>art. 2 <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>3 <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>D.Lgs <span class=\"_ _5\"></span>38/2005 <span class=\"_ _5\"></span>ed <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>conformit\u00e0 <span class=\"_ _5\"></span>agli <span class=\"_ _a\"></span>Int<span class=\"_ _0\"></span>ernational <span class=\"_ _5\"></span>Financial <span class=\"_ _5\"></span>Reporting <span class=\"_ _5\"></span>Standards (IFRS), <span class=\"_ _a\"></span>alle <span class=\"_ _a\"></span>interpre<span class=\"_ _0\"></span>tazion<span class=\"ff6\">i <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _0\"></span>International <span class=\"_ _a\"></span>Financi<span class=\"_ _0\"></span>al <span class=\"_ _a\"></span>Reporting <span class=\"_ _5\"></span>I<span class=\"_ _1\"></span>nterpret<span class=\"_ _0\"></span>ations <span class=\"_ _a\"></span>Committee </span>(IFRIC) <span class=\"_ _14\"> </span>e <span class=\"_ _16\"> </span>dello <span class=\"_ _14\"> </span>Standing <span class=\"_ _16\"> </span>Interpretations <span class=\"_ _16\"> </span>Committee <span class=\"_ _16\"> </span>(SIC), <span class=\"_ _14\"> </span>omologati <span class=\"_ _16\"> </span>dalla <span class=\"_ _16\"> </span>Commissione Europea <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>vigore <span class=\"_ _16\"> </span>alla <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>bilancio, <span class=\"_ _16\"> </span>nonch\u00e9 <span class=\"_ _16\"> </span>ai <span class=\"_ _16\"> </span>precedenti <span class=\"_ _16\"> </span>International<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>Accounting Standard <span class=\"_ _4\"></span>(IAS)<span class=\"ff6\">. <span class=\"_ _4\"></span>Per <span class=\"_ _4\"></span>semplicit\u00e0 <span class=\"_ _4\"></span>l\u2019insieme <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>tutti <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>principi <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>interpreta<span class=\"_ _0\"></span>zioni <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>seguito </span>definito con \u201cIFR<span class=\"_ _0\"></span>S\u201d. <span class=\"ff2\"> </span>Nella <span class=\"_ _a\"></span>predisposizione <span class=\"_ _17\"> </span>del <span class=\"_ _17\"></span>presente <span class=\"_ _17\"> </span>documento <span class=\"_ _a\"></span>si <span class=\"_ _17\"> </span>\u00e8 <span class=\"_ _19\"> </span>tenuto <span class=\"_ _17\"></span>conto <span class=\"_ _17\"></span>delle <span class=\"_ _a\"></span>disposizioni dell\u2019articol<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>9 <span class=\"_ _3\"></span>del <span class=\"_ _0\"></span>dec<span class=\"_ _0\"></span>reto <span class=\"_ _3\"></span>legisl<span class=\"_ _0\"></span>ativo <span class=\"_ _3\"></span>28 <span class=\"_ _3\"></span>febbraio <span class=\"_ _3\"></span>2005 <span class=\"_ _3\"></span>n.38, <span class=\"_ _3\"></span>delle<span class=\"ff2\"> <span class=\"_ _3\"></span>disposizioni <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>codice <span class=\"_ _3\"></span>civile,<span class=\"_ _0\"></span> </span>delle Deli<span class=\"_ _0\"></span>bere CONSOB n. 15519<span class=\"_ _0\"></span> (\u201cDisposizi<span class=\"_ _0\"></span>oni in materia di<span class=\"_ _0\"></span> schemi di bil<span class=\"_ _0\"></span>ancio da emanare<span class=\"_ _0\"></span> in <span class=\"_ _1e\"> </span>attuazione <span class=\"_ _1e\"> </span>dell<span class=\"_ _0\"></span>\u2019art. <span class=\"_ _1e\"> </span>9, <span class=\"_ _1e\"> </span>comma <span class=\"_ _1e\"> </span>3, <span class=\"_ _1e\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>decreto <span class=\"_ _1e\"> </span>legisl<span class=\"_ _0\"></span>ativo <span class=\"_ _1e\"> </span>n. <span class=\"_ _1e\"> </span>38/2005\u201d) <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>n. <span class=\"_ _1e\"> </span>1552<span class=\"_ _0\"></span>0 (\u201cModificazioni<span class=\"_ _0\"></span> <span class=\"_\"> </span>ed <span class=\"_ _b\"> </span>integrazi<span class=\"_ _0\"></span>oni <span class=\"_\"> </span>al<span class=\"_ _0\"></span> <span class=\"_\"> </span>regolamento <span class=\"_ _b\"> </span>re<span class=\"ff2\">cante <span class=\"_\"> </span>nor<span class=\"_ _0\"></span>me <span class=\"_\"> </span>di <span class=\"_ _b\"> </span>attuaz<span class=\"_ _0\"></span>ione <span class=\"_ _b\"> </span>del <span class=\"_\"> </span>de<span class=\"_ _0\"></span>creto </span>legislativo n. <span class=\"_ _1\"></span>58/1998\u201d)<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>entrambe del 27 <span class=\"_ _1\"></span>luglio 2006, <span class=\"_ _1\"></span>nonch\u00e9 della comunicazione CONSOB n. <span class=\"_ _17\"> </span>DEM/6064293<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>del <span class=\"_ _a\"></span>28 <span class=\"_ _17\"> </span>luglio <span class=\"_ _a\"></span>2006 <span class=\"_ _17\"> </span>(\u201cInformativ<span class=\"_ _0\"></span>a <span class=\"_ _17\"> </span>societaria <span class=\"_ _a\"></span>degli <span class=\"_ _17\"> </span>emitte<span class=\"_ _0\"></span>nti <span class=\"_ _17\"> </span>quotati <span class=\"_ _a\"></span>e <span class=\"_ _17\"> </span>degli emittenti aventi s<span class=\"_ _0\"></span>trumenti finanzi<span class=\"_ _0\"></span>ari d<span class=\"ff6\">iffusi tra il pu<span class=\"_ _0\"></span>bblico di<span class=\"_ _0\"></span> cui all\u2019art. 116 del<span class=\"_ _0\"></span> TUF\u201d).<span class=\"ff2\"> </span></span>Si segnala, inoltre, che a partire dal<span class=\"_ _1\"></span><span class=\"ff6\">l\u2019esercizio 2022, l\u2019economica turca<span class=\"_ _0\"></span> \u00e8 <span class=\"_ _1\"></span>considerata<span class=\"_ _0\"></span> </span>iperinflazionata <span class=\"_\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_\"> </span>base <span class=\"_ _b\"> </span>ai <span class=\"_\"> </span>criteri <span class=\"_ _b\"> </span>stabiliti <span class=\"_\"> </span>dal<span class=\"_ _0\"></span>lo <span class=\"_\"> </span>\u201cIAS <span class=\"_\"> </span>29 <span class=\"_\"> </span>\u2013<span class=\"ff2\"> <span class=\"_\"> </span>Rendi<span class=\"_ _0\"></span>contazione <span class=\"_\"> </span>con<span class=\"_ _0\"></span>tabile <span class=\"_\"> </span>in<span class=\"_ _0\"></span> </span>economie <span class=\"ff6\">iperinflazi<span class=\"_ _0\"></span>onate\u201d.<span class=\"ff2\"> </span></span>Gli <span class=\"_ _8\"> </span>effetti <span class=\"_ _8\"> </span>contabili <span class=\"_ _8\"> </span>derivanti <span class=\"_ _8\"> </span>dall\u2019appli<span class=\"_ _0\"></span>cazione <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>t<span class=\"_ _1\"></span>ale <span class=\"_ _8\"> </span>principio <span class=\"_ _9\"> </span><span class=\"ff2\">sulla <span class=\"_ _8\"> </span>relazione<span class=\"_ _0\"></span> </span>finanziaria annuale<span class=\"_ _0\"></span> <span class=\"ff6\">sono riportati nel parag<span class=\"_ _0\"></span>rafo \u201c<span class=\"ff2\">Turchia </span>\u2013<span class=\"ff2\"> economi<span class=\"_ _0\"></span>a iperinflazi<span class=\"_ _0\"></span>onata: impatti<span class=\"_ _0\"></span> </span></span>per l\u2019applicazi<span class=\"_ _0\"></span>one dello IAS<span class=\"_ _0\"></span> 29<span class=\"ls10\">\u201d.</span><span class=\"ff2\"> </span>Continuit\u00e0 aziendale Il<span class=\"ls0\"> bilanci<span class=\"_ _0\"></span>o consolidato al<span class=\"_ _0\"></span> 31 dicembre<span class=\"_ _0\"></span> 2022 \u00e8 reda<span class=\"_ _0\"></span>tto sul presuppos<span class=\"_ _0\"></span>to dell<span class=\"_ _0\"></span>a continuit\u00e0 </span>aziendale poich\u00e9<span class=\"_ _0\"></span> il Gruppo \u00e8 dotato di adegua<span class=\"_ _0\"></span>ti mezzi propri e<span class=\"_ _0\"></span> di adegua<span class=\"_ _0\"></span>te linee di credito e<span class=\"_ _0\"></span> non <span class=\"_ _16\"> </span>presenta <span class=\"_ _19\"> </span>situazioni <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>incertezza <span class=\"_ _19\"> </span>tali <span class=\"_ _16\"> </span>da <span class=\"_ _16\"> </span>comprometterne <span class=\"_ _19\"> </span>la <span class=\"_ _16\"> </span>capacit\u00e0 <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>s<span class=\"_ _1\"></span>volgimento<span class=\"_ _0\"></span> dell\u2019attivit\u00e0 opera<span class=\"_ _0\"></span>tiva. <span class=\"ff2\"> </span>Base di presentazione Criteri di presentazione Il <span class=\"_ _3\"></span>Bilancio <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>costituito <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>Situazione <span class=\"_ _3\"></span>Patrimoniale-Finanziaria, <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>Conto economico, <span class=\"_ _4\"></span>dal <span class=\"_ _4\"></span>Conto <span class=\"_ _4\"></span>economico<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>complessivo, <span class=\"_ _1\"></span>dal <span class=\"_ _4\"></span>Prospetto <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>variazioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>Patrimonio netto, dal Rendicon<span class=\"_ _0\"></span>to finanziario e dall<span class=\"_ _0\"></span>e Note espl<span class=\"_ _0\"></span>icative. Relativamente<span class=\"_ _0\"></span> alla presentazione di<span class=\"_ _0\"></span> tali schemi<span class=\"_ _0\"></span> il Gruppo ha operato<span class=\"_ _0\"></span> le seguenti scel<span class=\"_ _0\"></span>te: \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">la <span class=\"_\"> </span>S<span class=\"_ _0\"></span>ituazione <span class=\"_ _b\"> </span>Patrimoni<span class=\"_ _0\"></span>ale-Finanziaria<span class=\"_ _0\"></span> <span class=\"_\"> </span>Consol<span class=\"_ _0\"></span>idata <span class=\"_\"> </span>espon<span class=\"_ _0\"></span>e <span class=\"_ _b\"> </span>separata<span class=\"_ _0\"></span>mente <span class=\"_\"> </span>l<span class=\"_ _0\"></span>e <span class=\"_\"> </span>a<span class=\"_ _0\"></span>ttivit<span class=\"lsd\">\u00e0 </span></span></span>correnti e non co<span class=\"_ _0\"></span>rrenti e le passi<span class=\"_ _0\"></span>vit\u00e0 correnti e<span class=\"_ _0\"></span> non correnti; \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il Conto econo<span class=\"_ _0\"></span>mico consolida<span class=\"_ _0\"></span>to \u00e8 classificato in base al<span class=\"_ _0\"></span>la natura dei costi; </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il <span class=\"_ _3\"></span>Conto <span class=\"_ _3\"></span>economico <span class=\"_ _3\"></span>complessivo <span class=\"_ _3\"></span>consolidato<span class=\"ff6\">, <span class=\"_ _3\"></span>partendo <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>risultato <span class=\"_ _3\"></span>dell\u2019eser<span class=\"_ _0\"></span>cizio, <span class=\"_ _3\"></span>espone </span></span></span>l\u2019effetto degli utili<span class=\"_ _0\"></span> e<span class=\"ff2\"> delle perdite ril<span class=\"_ _0\"></span>evati direttame<span class=\"_ _0\"></span>nte a patrimoni<span class=\"_ _0\"></span>o netto; </span>\u2022 <span class=\"_ _25\"> </span>il<span class=\"ls0\"> <span class=\"_ _16\"> </span>prospetto <span class=\"_ _19\"> </span>delle <span class=\"_ _19\"> </span>variazioni <span class=\"_ _16\"> </span><span class=\"ls2\">di</span> <span class=\"_ _19\"> </span>Patrimonio <span class=\"_ _16\"> </span>Netto <span class=\"_ _19\"> </span>consolidato <span class=\"_ _19\"> </span>rappresenta <span class=\"_ _19\"> </span></span>le<span class=\"ls0\"> <span class=\"_ _16\"> </span>variazioni </span>intervenute <span class=\"ls2\">nel</span> period<span class=\"_ _0\"></span>o delle singol<span class=\"_ _0\"></span>e voci che compo<span class=\"_ _0\"></span>ngono <span class=\"lsf\">il</span> patrimonio; \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il Rendicon<span class=\"_ _0\"></span>to finanziario consoli<span class=\"_ _0\"></span>dato \u00e8 presentato<span class=\"_ _0\"></span> utilizzando il me<span class=\"_ _0\"></span>todo indiretto. </span></span>Il <span class=\"_ _3\"></span>criterio <span class=\"_ _3\"></span>generale <span class=\"_ _3\"></span>adottato <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>il cos<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>storico <span class=\"_ _3\"></span>ad <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ccezione <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>voci <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>bilanc<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>rilevate e <span class=\"_ _3\"></span>misurate<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span><span class=\"ff7\">fair <span class=\"_ _3\"></span>value<span class=\"ff2\"> <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>a <span class=\"_ _2b\"></span>specifici <span class=\"_ _2b\"></span>I<span class=\"_ _1\"></span>FRS <span class=\"_ _2b\"></span>come <span class=\"_ _3\"></span>descritto <span class=\"_ _2b\"></span>nei <span class=\"_ _3\"></span>criteri <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>valutazione <span class=\"_ _3\"></span>espos<span class=\"_ _0\"></span>ti </span></span>di seguito.<span class=\"ff7\">  </span>Si <span class=\"_ _5\"></span>precisa, <span class=\"_ _5\"></span>inoltre, <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>con <span class=\"_ _a\"></span>il <span class=\"_ _4\"></span>termine <span class=\"_ _5\"></span>\u201ccorrente\u201d <span class=\"_ _5\"></span>s\u2019intendono <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>12 <span class=\"_ _5\"></span>mesi <span class=\"_ _a\"></span>su<span class=\"_ _0\"></span>ccessivi <span class=\"_ _5\"></span>la data <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>riferimento <span class=\"_ _3\"></span>del <span class=\"_ _0\"></span>presente<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>documento<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>entre <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>\u201cnon<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>corren<span class=\"_ _0\"></span>te\u201d <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>periodi <span class=\"ff2\">ol<span class=\"_ _0\"></span>tre <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>12 <span class=\"_ _3\"></span>mesi </span>successivi la medesi<span class=\"_ _0\"></span>ma data. Gli IFRS <span class=\"_ _0\"></span>sono stati <span class=\"_ _0\"></span>applicati <span class=\"_ _0\"></span>coerentemente <span class=\"_ _0\"></span>con l<span class=\"_ _0\"></span>e indicazi<span class=\"_ _0\"></span>oni fornite nel<span class=\"_ _0\"></span> \u201cFramewor<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span> for the <span class=\"_ _1\"></span>prepara<span class=\"_ _0\"></span>tion and presentation of financial statements\u201d e non <span class=\"_ _1\"></span>si sono verificate criticit\u00e0 che abbiano richies<span class=\"_ _0\"></span>to il ricorso a deroghe<span class=\"_ _0\"></span> ai sensi<span class=\"_ _0\"></span> dello IAS 1, pa<span class=\"_ _0\"></span>ragrafo 19.  Si <span class=\"_ _0\"></span>ricorda <span class=\"_ _3\"></span>che la <span class=\"_ _3\"></span>CONSOB <span class=\"_ _0\"></span>con <span class=\"_ _3\"></span>delibera <span class=\"_ _0\"></span>n. <span class=\"_ _0\"></span>15519 <span class=\"_ _3\"></span>del 27<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>luglio <span class=\"_ _3\"></span>2006 ha<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>richiesto <span class=\"_ _0\"></span>che <span class=\"_ _3\"></span>nei ci<span class=\"_ _0\"></span>tati prospetti <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>bilancio <span class=\"_ _1e\"> </span>vengano <span class=\"_ _23\"> </span>evidenziate<span class=\"_ _0\"></span>, <span class=\"_ _1e\"> </span>qualora <span class=\"_ _1e\"> </span>di <span class=\"_ _23\"> </span>importo<span class=\"_ _0\"></span> <span class=\"_ _23\"> </span>signific<span class=\"_ _0\"></span>ativo, <span class=\"_ _1e\"> </span>sotto-voci aggiuntive <span class=\"_ _1e\"> </span>a <span class=\"_ _8\"> </span>quelle <span class=\"_ _1e\"> </span>gi\u00e0 <span class=\"_ _8\"> </span>specificatamente<span class=\"_ _0\"></span> <span class=\"_ _23\"> </span>richieste <span class=\"_ _1e\"> </span>dallo <span class=\"_ _23\"> </span>IAS <span class=\"_ _23\"> </span>1 <span class=\"_ _8\"> </span>e <span class=\"_ _1e\"> </span>negli <span class=\"_ _23\"> </span>altri <span class=\"_ _23\"> </span>principi internazionali<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>al <span class=\"_ _17\"></span>fine <span class=\"_ _a\"></span>di <span class=\"_ _17\"></span>evidenziare <span class=\"_ _a\"></span>distintamente <span class=\"_ _a\"></span>dalle <span class=\"_ _a\"></span>voci <span class=\"_ _a\"></span>di <span class=\"_ _17\"></span>riferiment<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>gli <span class=\"_ _17\"> </span>importi <span class=\"_ _17\"></span>delle posizioni <span class=\"_ _0\"></span>e dell<span class=\"_ _0\"></span>e transazioni con<span class=\"_ _0\"></span> parti co<span class=\"_ _0\"></span>rrelate, n<span class=\"_ _0\"></span>onch\u00e9 relativa<span class=\"_ _0\"></span>mente al C<span class=\"_ _0\"></span>onto Econ<span class=\"_ _0\"></span>omico, <span class=\"_ _0\"></span>i componenti positi<span class=\"_ _0\"></span>vi o negativi di reddi<span class=\"_ _0\"></span>to derivanti<span class=\"_ _0\"></span> da operazioni non<span class=\"_ _0\"></span> ricorrenti o inu<span class=\"_ _0\"></span>suali.  Le attivit\u00e0 e passi<span class=\"_ _0\"></span>vit\u00e0 sono<span class=\"_ _0\"></span> esposte separata<span class=\"_ _0\"></span>mente e senza<span class=\"_ _0\"></span> operare comp<span class=\"_ _0\"></span>ensazioni<span class=\"_ _0\"></span>.  Il <span class=\"_ _1\"></span>Bilancio <span class=\"_ _1\"></span>consolidato<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>\u00e8 presentato <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>migliaia di <span class=\"_ _4\"></span>Euro <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>tutti i <span class=\"_ _1\"></span>valori <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>pressi <span class=\"_ _1\"></span>in migliaia di Euro, <span class=\"_ _0\"></span>tranne quand<span class=\"_ _0\"></span>o diversamente ind<span class=\"_ _0\"></span>icato. I <span class=\"_ _14\"> </span>principi <span class=\"_ _16\"> </span>e <span class=\"_ _14\"> </span>criteri <span class=\"_ _16\"> </span>contabili <span class=\"_ _16\"> </span>applicati <span class=\"_ _14\"> </span>nel <span class=\"_ _16\"> </span>presente <span class=\"_ _14\"> </span>Bilancio <span class=\"_ _16\"> </span>sono <span class=\"_ _14\"> </span>confor<span class=\"_ _0\"></span>mi <span class=\"_ _14\"> </span>a <span class=\"_ _16\"> </span>quelli adottati per la redazione del Bilancio consolidato chiuso al 31 dicembre 2021, ad eccezione di quanto riporta<span class=\"_ _0\"></span>to nel segu<span class=\"_ _0\"></span>ito. \u00c8 <span class=\"_ _17\"> </span>pr<span class=\"ff6\">esentato <span class=\"_ _17\"> </span>inoltre <span class=\"_ _a\"></span>il <span class=\"_ _19\"> </span>Bilancio <span class=\"_ _a\"></span>d\u2019e<span class=\"_ _1\"></span></span>sercizio <span class=\"_ _17\"></span>al <span class=\"_ _17\"></span>31 <span class=\"_ _a\"></span>dicembre <span class=\"_ _19\"> </span><span class=\"ls2\">2022</span> <span class=\"_ _17\"></span>della <span class=\"_ _17\"> </span>Capogruppo Caltagirone SpA, p<span class=\"_ _0\"></span>redisposto se<span class=\"_ _0\"></span>condo gli IFR<span class=\"_ _0\"></span>S come sopra de<span class=\"_ _0\"></span>finiti. Principi contabi<span class=\"_ _0\"></span>li ed e<span class=\"_ _0\"></span>mendamenti agl<span class=\"_ _0\"></span>i standard adot<span class=\"_ _0\"></span>tati dal Gruppo<span class=\"_ _0\"></span>  a)<span class=\"ls0\"> <span class=\"_ _2c\"> </span><span class=\"ff2 fc1\">A partire dal 1\u00b0 <span class=\"_ _0\"></span>Gennaio 2022, il<span class=\"_ _0\"></span> Gruppo ha ado<span class=\"_ _0\"></span>ttato i seguenti nuovi<span class=\"_ _0\"></span> principi contabil<span class=\"_ _0\"></span>i: </span></span>\u2022 <span class=\"_ _25\"> </span><span class=\"fc1\">Amendments <span class=\"_ _15\"> </span>to <span class=\"_ _1e\"> </span>IFRS <span class=\"_ _18\"> </span>3 <span class=\"_ _18\"> </span>Business <span class=\"_ _18\"> </span>Combinations; <span class=\"_ _18\"> </span>IAS <span class=\"_ _1e\"> </span>16 <span class=\"_ _18\"> </span>Proper<span class=\"_ _0\"></span>ty, <span class=\"_ _18\"> </span>Plant <span class=\"_ _18\"> </span>and </span>Equipment; <span class=\"_ _14\"> </span>IAS <span class=\"_ _b\"> </span>37 <span class=\"_ _14\"> </span>Provisions, <span class=\"_ _14\"> </span>Contingent <span class=\"_ _b\"> </span>Liab<span class=\"_ _0\"></span>ilities <span class=\"_ _14\"> </span>and <span class=\"_ _b\"> </span>Contingen<span class=\"_ _0\"></span>t <span class=\"_ _b\"> </span>Asset; <span class=\"_ _14\"> </span>and Annual <span class=\"_ _0\"></span>Improvements <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>18-<span class=\"ff6\">2020, la <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mologazion<span class=\"_ _0\"></span>e da <span class=\"_ _3\"></span>part<span class=\"_ _1\"></span>e del<span class=\"_ _0\"></span>l\u2019UE <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>avvenuta <span class=\"_ _0\"></span>il </span>28 giugno<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> <span class=\"ff6\">Le <span class=\"_ _0\"></span>modi<span class=\"_ _0\"></span>fiche hanno<span class=\"_ _0\"></span> l\u2019ob<span class=\"_ _0\"></span>iettivo di<span class=\"_ _3\"></span> sostituire i<span class=\"_ _0\"></span> riferimen<span class=\"_ _0\"></span>ti al<span class=\"_ _0\"></span> F<span class=\"_ _0\"></span>ramework </span>for <span class=\"_ _16\"> </span>the <span class=\"_ _14\"> </span>Preparation <span class=\"_ _16\"> </span>and <span class=\"_ _16\"> </span>Presentation <span class=\"_ _16\"> </span>of <span class=\"_ _16\"> </span>Financial <span class=\"_ _16\"> </span>Statements <span class=\"_ _14\"> </span>con <span class=\"_ _16\"> </span>i <span class=\"_ _16\"> </span>riferimenti <span class=\"_ _14\"> </span>al Conceptual <span class=\"_ _5\"></span>Framework <span class=\"_ _5\"></span>for <span class=\"_ _5\"></span>Financial <span class=\"_ _5\"></span>Reporting <span class=\"_ _a\"></span>pubbli<span class=\"_ _0\"></span>cato <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>marzo <span class=\"_ _5\"></span>2018 <span class=\"_ _a\"></span>senza <span class=\"_ _5\"></span>un cambio significativo<span class=\"_ _0\"></span> dei requisi<span class=\"_ _0\"></span>ti del principio. L\u2019adozione <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>nuovi <span class=\"_ _4\"></span>stand<span class=\"_ _0\"></span>ard <span class=\"_ _4\"></span>applicabili <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>partire <span class=\"_ _4\"></span>dal <span class=\"_ _4\"></span>1\u00b0 <span class=\"_ _4\"></span>gennaio <span class=\"_ _4\"></span>2022 <span class=\"_ _4\"></span>non <span class=\"_ _1\"></span>ha <span class=\"_ _4\"></span>comportato effetti significa<span class=\"_ _0\"></span>tivi per il Gruppo<span class=\"_ _0\"></span>. b)<span class=\"ls0\"> <span class=\"_ _2d\"> </span><span class=\"ff2 fc1\">Principi <span class=\"_ _2b\"></span>contabili <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>interpretazioni <span class=\"_ _2b\"></span>su <span class=\"_ _3\"></span>standard <span class=\"_ _3\"></span>efficaci<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>gli <span class=\"_ _2b\"></span>esercizi <span class=\"_ _3\"></span>finanziari <span class=\"_ _3\"></span>successivi<span class=\"_ _0\"></span> </span></span>al 2022 e non adot<span class=\"_ _0\"></span>tati antici<span class=\"_ _0\"></span>patamente dal G<span class=\"_ _0\"></span>ruppo: \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">In data 18 maggio 2017, lo IASB ha pubblicato il nuovo standard IFRS 17 <span class=\"_ _1\"></span><span class=\"ff7\">Insurance </span></span></span>Contracts<span class=\"ff6\">, che<span class=\"_ _0\"></span> sostituisc<span class=\"_ _0\"></span>e l\u2019<span class=\"_ _0\"></span>attuale IFRS 4.<span class=\"_ _0\"></span> Il nuov<span class=\"_ _0\"></span>o standard<span class=\"_ _0\"></span> sui con<span class=\"_ _0\"></span>tratti a<span class=\"_ _0\"></span>ssicurativi<span class=\"_ _0\"></span> </span>ha <span class=\"_ _0\"></span>l\u2019obi<span class=\"_ _0\"></span>ettivo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>m<span class=\"ff2\">entare <span class=\"_ _3\"></span>la traspa<span class=\"_ _0\"></span>renza <span class=\"_ _3\"></span>sulle <span class=\"_ _0\"></span>fonti <span class=\"_ _3\"></span>di p<span class=\"_ _0\"></span>rofitto <span class=\"_ _3\"></span>e sull<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>qualit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>degli <span class=\"_ _3\"></span>utili </span>realizzati <span class=\"_ _3\"></span>e <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>garantire <span class=\"_ _3\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>elevata <span class=\"_ _3\"></span>comparabil<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _2b\"></span>dei <span class=\"_ _3\"></span>risultati, <span class=\"_ _3\"></span>introducendo <span class=\"_ _2b\"></span>un <span class=\"_ _3\"></span>singolo principio di <span class=\"_ _4\"></span>rilevazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>ricavi <span class=\"_ _1\"></span>che riflette <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>servizi f<span class=\"_ _1\"></span>orniti. Inoltre, <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>data 25 <span class=\"_ _4\"></span>giugno 2020, <span class=\"_ _17\"> </span>lo <span class=\"_ _17\"> </span>IASB <span class=\"_ _17\"> </span>ha <span class=\"_ _17\"> </span>pubblicato <span class=\"_ _a\"></span>il <span class=\"_ _17\"> </span>documento <span class=\"_ _17\"> </span>\u201c<span class=\"_ _1\"></span><span class=\"ff7\">Ame<span class=\"_ _0\"></span>ndments <span class=\"_ _a\"></span>to <span class=\"_ _17\"></span>IFRS <span class=\"_ _17\"></span>17<span class=\"ff6\">\u201d <span class=\"_ _19\"> </span>che <span class=\"_ _a\"></span>include </span></span>alcune <span class=\"_ _0\"></span>modifiche <span class=\"_ _3\"></span>all\u2019IFRS <span class=\"_ _0\"></span>17 <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> il<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>fferimento<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>l\u2019entrata <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> vi<span class=\"_ _0\"></span>gore <span class=\"_ _0\"></span>del <span class=\"_ _3\"></span>nuovo principi<span class=\"_ _0\"></span>o contabile <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>1\u00b0 <span class=\"_ _3\"></span>gennaio <span class=\"_ _3\"></span>202<span class=\"_ _0\"></span>3. <span class=\"_ _3\"></span>Il <span class=\"_ _3\"></span>principio <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mologato <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>19<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>novembre <span class=\"_ _3\"></span>2021. \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff6 fc1\">In <span class=\"_ _1\"></span>data 12 <span class=\"_ _1\"></span>febbraio 2021 lo <span class=\"_ _1\"></span>IASB <span class=\"_ _1\"></span>ha pubblicato il <span class=\"_ _1\"></span>documento \u201cAmendments to <span class=\"_ _1\"></span>IAS 8 </span></span>Accounting <span class=\"_ _6\"> </span>policies, <span class=\"_ _6\"> </span>Changes <span class=\"_ _6\"> </span>in <span class=\"_ _15\"> </span>Accounting<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>Estima<span class=\"_ _0\"></span>te <span class=\"_ _15\"> </span>and <span class=\"_ _6\"> </span>Errors: <span class=\"_ _6\"> </span>Definition <span class=\"_ _6\"> </span>of Accounting <span class=\"_ _3\"></span>Estimates\u201d, <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>l\u2019obiettivo <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>distinguere <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>cambiamenti <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>principi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>contabili dai <span class=\"_ _a\"></span>c<span class=\"ff6\">ambiamenti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>stime <span class=\"_ _a\"></span>contabili. <span class=\"_ _a\"></span>Tale <span class=\"_ _a\"></span>docum<span class=\"_ _0\"></span>ento, <span class=\"_ _a\"></span>adottato <span class=\"_ _a\"></span>dall\u2019U<span class=\"_ _0\"></span>nione <span class=\"_ _a\"></span>Europea </span>con <span class=\"_ _16\"> </span>il <span class=\"_ _14\"> </span>Regolamen<span class=\"_ _0\"></span>to <span class=\"_ _16\"> </span>n.357 <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>2 <span class=\"_ _16\"> </span>marzo <span class=\"_ _16\"> </span>2022, <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _14\"> </span>applicabile <span class=\"_ _16\"> </span>ai <span class=\"_ _16\"> </span>bilanci <span class=\"_ _16\"> </span>relativi <span class=\"_ _16\"> </span>agli esercizi che hanno<span class=\"_ _0\"></span> inizio <span class=\"_ _0\"></span>il, o dopo i<span class=\"_ _0\"></span>l, 1\u00b0 Genna<span class=\"_ _0\"></span>io 2023. Il princi<span class=\"_ _0\"></span>pio \u00e8 stato<span class=\"_ _0\"></span> omologato<span class=\"_ _0\"></span> in data 2 marzo<span class=\"_ _0\"></span> 2022. \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">In <span class=\"_ _14\"> </span>data <span class=\"_ _14\"> </span>23 <span class=\"_ _b\"> </span>gennaio <span class=\"_ _16\"> </span>2020 <span class=\"_ _14\"> </span>lo <span class=\"_ _14\"> </span>I<span class=\"_ _1\"></span>ASB <span class=\"_ _14\"> </span>ha <span class=\"_ _14\"> </span>pubblicato <span class=\"_ _14\"> </span>alcune <span class=\"_ _14\"> </span>modifiche <span class=\"_ _14\"> </span>allo <span class=\"_ _16\"> </span>I<span class=\"_ _1\"></span>AS <span class=\"_ _14\"> </span>1. <span class=\"_ _14\"> </span>Il </span></span>documento <span class=\"_ _14\"> </span>\u201c<span class=\"_ _1\"></span><span class=\"ff7\">Presentatio<span class=\"_ _0\"></span>n <span class=\"_\"> </span>of<span class=\"_ _0\"></span> <span class=\"_\"> </span>Financi<span class=\"_ _0\"></span>al <span class=\"_ _b\"> </span>Statements: <span class=\"_ _b\"> </span>Classi<span class=\"_ _0\"></span>fication <span class=\"_\"> </span>o<span class=\"_ _0\"></span>f <span class=\"_ _b\"> </span>Liabili<span class=\"_ _0\"></span>ties <span class=\"_\"> </span>as<span class=\"_ _0\"></span> </span>Current or Non-current<span class=\"ff6\">\u201d prevede che <span class=\"_ _1\"></span>una passivit\u00e0 venga classificata come corrente<span class=\"_ _0\"></span> </span>o <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>corrente <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>funzione dei <span class=\"_ _1\"></span>diritti <span class=\"_ _1\"></span>esistenti <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>bilancio. <span class=\"_ _1\"></span>Inoltre, st<span class=\"_ _1\"></span>abilisc<span class=\"_ _0\"></span>e che la <span class=\"_ _1\"></span>classificazione non <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>impattata dall\u2019aspett<span class=\"_ _0\"></span>ativa dell\u2019entit\u00e0 <span class=\"_ _1\"></span>di esercitare <span class=\"_ _1\"></span>i propri diritti <span class=\"_ _14\"> </span>di <span class=\"_\"> </span>po<span class=\"_ _0\"></span>sticipare <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>regolamento <span class=\"_ _14\"> </span>della <span class=\"_ _b\"> </span>pas<span class=\"_ _0\"></span>sivit\u00e0. <span class=\"_ _14\"> </span>Infine, <span class=\"_ _14\"> </span>viene <span class=\"_ _b\"> </span>chiarito <span class=\"_ _14\"> </span>che <span class=\"_ _b\"> </span>tale regolamento <span class=\"_\"> </span>si <span class=\"_\"> </span>riferisce <span class=\"_\"> </span>al <span class=\"_\"> </span>trasferimento <span class=\"_\"> </span>alla <span class=\"_\"> </span>controparte<span class=\"_ _0\"></span> <span class=\"_\"> </span>di <span class=\"_ _6\"> </span>cassa, <span class=\"_\"> </span>strumenti <span class=\"_\"> </span>di capitale, alt<span class=\"_ _0\"></span>re at<span class=\"_ _0\"></span>tivit\u00e0 o <span class=\"_ _0\"></span>servizi. <span class=\"_ _0\"></span>Le <span class=\"_ _0\"></span>modifiche i<span class=\"_ _0\"></span>nizialmente<span class=\"_ _0\"></span> sarebbero <span class=\"_ _0\"></span>dovute<span class=\"_ _0\"></span> entrare <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> vigore dal <span class=\"_ _1\"></span>1\u00b0 <span class=\"_ _1\"></span>gennaio <span class=\"_ _1\"></span>2022, tuttavia lo <span class=\"_ _1\"></span>IASB, con <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>secondo <span class=\"_ _1\"></span>documen<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>pubblicato in <span class=\"_ _a\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _17\"> </span>15 <span class=\"_ _a\"></span>luglio <span class=\"_ _17\"> </span>2020 <span class=\"_ _17\"> </span>denominato <span class=\"_ _a\"></span>\u201c<span class=\"ff7\">Classification <span class=\"_ _a\"></span>of <span class=\"_ _17\"></span>Liabilities <span class=\"_ _a\"></span>as <span class=\"_ _17\"></span>Current <span class=\"_ _a\"></span>or <span class=\"_ _17\"></span>Non-</span>current <span class=\"_ _4\"></span><span class=\"ffd\">\u2013</span> <span class=\"_ _4\"></span>Deferral <span class=\"_ _4\"></span>of <span class=\"_ _4\"></span>Effective <span class=\"_ _4\"></span>Date<span class=\"ff6\">\u201d, <span class=\"_ _4\"></span>ne <span class=\"_ _4\"></span>ha <span class=\"_ _4\"></span>differ<span class=\"_ _0\"></span>ito <span class=\"_ _4\"></span>l\u2019entrata <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>vigore <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>1\u00b0 <span class=\"_ _4\"></span>gennaio </span>2023. <span class=\"ff6\">Il p<span class=\"_ _0\"></span>rocesso di <span class=\"_ _0\"></span>omol<span class=\"_ _0\"></span>ogazione \u00e8 <span class=\"_ _0\"></span>terminato <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>l\u2019endorsement <span class=\"_ _0\"></span>avvenut<span class=\"ff2\">o i<span class=\"_ _0\"></span>n data 2 </span></span>marzo 2022. \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff6 fc1\">In <span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>7 <span class=\"_ _1\"></span>maggio <span class=\"_ _4\"></span>2021 <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>ASB <span class=\"_ _1\"></span>ha <span class=\"_ _4\"></span>pubblicato<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>documento <span class=\"_ _1\"></span>\u201cAmendments<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>IAS <span class=\"_ _4\"></span>12<span class=\"_ _0\"></span> </span></span>Income <span class=\"_ _5\"></span>Taxes: <span class=\"_ _5\"></span>Deferred <span class=\"_ _5\"></span>Tax <span class=\"_ _5\"></span>related <span class=\"_ _5\"></span>to <span class=\"_ _5\"></span>Assets <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _5\"></span>Liabilities <span class=\"_ _5\"></span>arising <span class=\"_ _5\"></span>from <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>Singl<span class=\"_ _0\"></span>e Transaction\u201d. <span class=\"_ _4\"></span><span class=\"ff2\">Le <span class=\"_ _5\"></span>modifiche <span class=\"_ _4\"></span>richiedono <span class=\"_ _4\"></span>ai <span class=\"_ _5\"></span>redattori<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>bilancio <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>rilevare <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>imposte </span>differite <span class=\"_ _3\"></span>su <span class=\"_ _2b\"></span>operazioni <span class=\"_ _3\"></span>che, <span class=\"_ _3\"></span>all'at<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>della <span class=\"_ _2b\"></span>rilevazione <span class=\"_ _3\"></span>inizi<span class=\"_ _0\"></span>ale, <span class=\"_ _3\"></span>danno <span class=\"_ _3\"></span>luogo <span class=\"_ _2b\"></span>ad <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>importo<span class=\"_ _0\"></span> equivalente <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>differenze<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>temporanee <span class=\"_ _5\"></span>t<span class=\"_ _1\"></span>assabil<span class=\"_ _0\"></span>i <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>deducibil<span class=\"_ _0\"></span>i. <span class=\"_ _a\"></span>Gli <span class=\"_ _a\"></span>emendamenti <span class=\"_ _5\"></span>sono efficaci <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>esercizi che <span class=\"_ _1\"></span>hanno <span class=\"_ _1\"></span>inizio <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>dop<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>1\u00b0 <span class=\"_ _4\"></span>gennaio 2023. <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>l processo <span class=\"_ _1\"></span>di omologazione \u00e8 ter<span class=\"_ _0\"></span>minato con l\u2019endo<span class=\"_ _0\"></span>rsement avv<span class=\"_ _0\"></span>enuto in data 11 agos<span class=\"_ _0\"></span>to 2022.<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff6 fc1\">In <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>9 <span class=\"_ _14\"> </span>dicembre <span class=\"_ _16\"> </span>2021 <span class=\"_ _16\"> </span>lo <span class=\"_ _16\"> </span>IASB <span class=\"_ _14\"> </span>ha <span class=\"_ _16\"> </span>pubblicat<span class=\"_ _0\"></span>o <span class=\"_ _16\"> </span>l\u2019emendamento <span class=\"_ _16\"> </span>alle <span class=\"_ _16\"> </span>disposizioni<span class=\"_ _0\"></span> </span></span>transitorie <span class=\"_ _16\"> </span>dell\u2019IFR<span class=\"_ _0\"></span>S <span class=\"_ _16\"> </span>17 <span class=\"_ _16\"> </span>\u201cInitial <span class=\"_ _16\"> </span>Application <span class=\"_ _16\"> </span>of <span class=\"_ _16\"> </span>IFRS <span class=\"_ _19\"> </span>17 <span class=\"_ _14\"> </span>and <span class=\"_ _19\"> </span>IFRS <span class=\"_ _16\"> </span>9<span class=\"_ _1\"></span>\u2014<span class=\"ff2\">Comparative </span>Information\u201c. <span class=\"_\"> </span>La <span class=\"_ _6\"> </span>modifica <span class=\"_\"> </span>fornisce <span class=\"_ _6\"> </span>agli <span class=\"_\"> </span>assicuratori <span class=\"_ _6\"> </span>un\u2019opzione <span class=\"_\"> </span>con <span class=\"_ _6\"> </span>l\u2019obiettivo <span class=\"_ _6\"> </span>di<span class=\"_ _0\"></span> migliorare <span class=\"_ _1e\"> </span>la <span class=\"_ _18\"> </span>r<span class=\"_ _1\"></span>ilevanza<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>delle <span class=\"_ _1e\"> </span>informazioni<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>da <span class=\"_ _1e\"> </span>fornire <span class=\"_ _1e\"> </span>a<span class=\"_ _0\"></span>gli <span class=\"_ _1e\"> </span>investitori<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>in <span class=\"_ _1e\"> </span>fase <span class=\"_ _1e\"> </span>di applicazion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>iniziale <span class=\"_ _3\"></span>del <span class=\"_ _0\"></span>nuovo <span class=\"_ _3\"></span>standard.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>processo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>omologazione <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>terminato <span class=\"_ _3\"></span>con l\u2019en<span class=\"ff2\">dorsement avvenu<span class=\"_ _0\"></span>to in data<span class=\"_ _0\"></span> 11 agosto 2022. </span>Gli <span class=\"_ _1e\"> </span>eventuali <span class=\"_ _23\"> </span>riflessi <span class=\"_ _1e\"> </span>che <span class=\"_ _23\"> </span>gli <span class=\"_ _1e\"> </span>emendamenti <span class=\"_ _23\"> </span>di <span class=\"_ _1e\"> </span>prossima <span class=\"_ _23\"> </span>applicazione<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>potranno <span class=\"_ _23\"> </span>avere sull\u2019informativa <span class=\"_ _0\"></span>finanziaria del Gruppo <span class=\"_ _0\"></span>sono in cor<span class=\"_ _0\"></span>so di approfondimen<span class=\"_ _0\"></span>ti e val<span class=\"_ _0\"></span>utazione. <span class=\"ff2\"> </span>c)<span class=\"ls0\"> <span class=\"_ _2c\"> </span><span class=\"ff2 fc1\">Principi <span class=\"_ _6\"> </span>contabili, <span class=\"_ _15\"> </span>emendamenti <span class=\"_ _6\"> </span>ed <span class=\"_ _15\"> </span>interpretazi<span class=\"_ _0\"></span>oni <span class=\"_ _6\"> </span>non <span class=\"_ _15\"> </span>ancora <span class=\"_ _15\"> </span>omologati <span class=\"_ _6\"> </span>da <span class=\"_ _15\"> </span>parte </span></span>dell\u2019U<span class=\"_ _0\"></span>nione Europea:<span class=\"ff2\"> </span>Alla <span class=\"_ _3\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>approvazione<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _0\"></span>presente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>consolidato, <span class=\"_ _3\"></span>risultano <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>manati <span class=\"_ _3\"></span>dallo <span class=\"_ _3\"></span>IASB, <span class=\"_ _3\"></span>ma non <span class=\"_ _15\"> </span>ancora <span class=\"_ _15\"> </span>omologati <span class=\"_ _6\"> </span>dall\u2019Unione <span class=\"_ _15\"> </span>Europea, <span class=\"_ _15\"> </span>taluni <span class=\"_ _15\"> </span>principi <span class=\"_ _6\"> </span>contabili, <span class=\"_ _15\"> </span>inter<span class=\"_ _1\"></span>pretazioni <span class=\"_ _6\"> </span>ed emendamenti, alcun<span class=\"_ _0\"></span>i ancora in <span class=\"_ _0\"></span>fase di consultazio<span class=\"_ _0\"></span>ne, tra i qual<span class=\"_ _0\"></span>i si segnala quan<span class=\"_ _0\"></span>to segue: \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">Amendments <span class=\"_ _16\"> </span>to <span class=\"_ _14\"> </span>IAS <span class=\"_ _14\"> </span>1 <span class=\"_ _16\"> </span>Presentation <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>Financial<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>Statements: <span class=\"_ _16\"> </span>a) <span class=\"_ _14\"> </span>Classification <span class=\"_ _16\"> </span>of </span></span>Liabili<span class=\"_ _0\"></span>ties <span class=\"_ _15\"> </span>as <span class=\"_ _15\"> </span>Current <span class=\"_ _15\"> </span>or <span class=\"_ _15\"> </span>Non-current <span class=\"_ _15\"> </span>Date <span class=\"_ _6\"> </span>(pubblicato <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>23 <span class=\"_ _6\"> </span>gennaio <span class=\"_ _15\"> </span>2020); <span class=\"_ _15\"> </span>b) Classification <span class=\"_ _19\"> </span>of <span class=\"_ _16\"> </span>Liabilities <span class=\"_ _16\"> </span>as <span class=\"_ _16\"> </span>Current <span class=\"_ _19\"> </span>or <span class=\"_ _16\"> </span>Non<span class=\"_ _1\"></span>-current <span class=\"_ _19\"> </span>- <span class=\"_ _14\"> </span>Deferral<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>of <span class=\"_ _16\"> </span>Effective <span class=\"_ _16\"> </span>Date<span class=\"_ _0\"></span> (pubblicato <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>15 <span class=\"_ _1\"></span>luglio <span class=\"_ _1\"></span>2020); e <span class=\"_ _4\"></span>c) <span class=\"_ _1\"></span>Non-current Liabilities <span class=\"_ _1\"></span>with <span class=\"_ _1\"></span>Covenants (<span class=\"_ _1\"></span>pubbli<span class=\"_ _0\"></span>cato il <span class=\"_ _0\"></span>31 otto<span class=\"_ _0\"></span>bre <span class=\"_ _0\"></span>2022). <span class=\"_ _0\"></span>Gli <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mendamenti <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>efficaci pe<span class=\"_ _0\"></span>r gli<span class=\"_ _0\"></span> ese<span class=\"_ _0\"></span>rcizi <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>no i<span class=\"_ _0\"></span>nizio <span class=\"_ _0\"></span>da o <span class=\"_ _17\"></span>dopo <span class=\"_ _17\"></span>il <span class=\"_ _a\"></span>1\u00b0 <span class=\"_ _17\"> </span>gennaio <span class=\"_ _17\"></span>2023. <span class=\"_ _17\"></span>\u00c8 <span class=\"_ _a\"></span>consentita <span class=\"_ _17\"></span>un'applicazi<span class=\"_ _0\"></span>one <span class=\"_ _17\"></span>anticipata. <span class=\"_ _a\"></span>Il <span class=\"_ _17\"> </span>processo <span class=\"_ _a\"></span>di omologazione \u00e8 anco<span class=\"_ _0\"></span>ra in corso. \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">Amendments <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>I<span class=\"_ _1\"></span>FRS <span class=\"_ _3\"></span>16 <span class=\"_ _3\"></span>Leases: Le<span class=\"_ _0\"></span>ase <span class=\"_ _3\"></span>Liability <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Sale <span class=\"_ _3\"></span>and <span class=\"_ _0\"></span>Leaseback <span class=\"_ _3\"></span>(pubblicato </span></span>il <span class=\"_ _3\"></span>22 <span class=\"_ _0\"></span>settembre <span class=\"_ _3\"></span>2022). <span class=\"_ _0\"></span>La <span class=\"_ _3\"></span>modifica <span class=\"_ _3\"></span>all'IFRS <span class=\"_ _0\"></span>16 <span class=\"_ _3\"></span>Leases <span class=\"_ _3\"></span>specifica <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>requisiti <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>locatari venditori nella <span class=\"_ _1\"></span>misurazione della passivit\u00e0 <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>lea<span class=\"ff6\">sing <span class=\"_ _1\"></span>in un'operazione <span class=\"_ _1\"></span>di \u201csales <span class=\"_ _1\"></span>and </span>leaseback\u201d.<span class=\"ff2\"> <span class=\"_ _15\"> </span>L'emendamento <span class=\"_ _15\"> </span>non <span class=\"_ _15\"> </span>m<span class=\"_ _1\"></span>odifica <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>contabilizzazione <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>leasing <span class=\"_ _18\"> </span>non </span>correlati <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>operazioni <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>\u201csales <span class=\"_ _16\"> </span>and <span class=\"_ _16\"> </span>leaseback\u201d<span class=\"_ _0\"></span>.<span class=\"ff2\"> <span class=\"_ _16\"> </span>G<span class=\"_ _1\"></span>li <span class=\"_ _16\"> </span>emenda<span class=\"_ _0\"></span>menti <span class=\"_ _16\"> </span>sono <span class=\"_ _19\"> </span>efficaci <span class=\"_ _16\"> </span>a </span>partire dagli ese<span class=\"_ _0\"></span>rcizi che<span class=\"_ _0\"></span> hanno inizi<span class=\"_ _0\"></span>o dal 1 gennai<span class=\"_ _0\"></span>o 2024 e possono<span class=\"_ _0\"></span> essere appli<span class=\"_ _0\"></span>cati anticipatamente.<span class=\"_ _0\"></span> Il processo di o<span class=\"_ _0\"></span>mologazione \u00e8 a<span class=\"_ _0\"></span>ncora in corso. Gli <span class=\"_ _a\"></span>eventuali <span class=\"_ _a\"></span>riflessi <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>principi <span class=\"_ _a\"></span>contabili, <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>emendamenti <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>interpretazioni<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di prossima <span class=\"_ _1\"></span>applicazione <span class=\"_ _1\"></span>potranno <span class=\"_ _4\"></span>avere <span class=\"_ _1\"></span>sull\u2019infor<span class=\"_ _0\"></span>mativa <span class=\"_ _1\"></span>finanziaria <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>Gruppo <span class=\"_ _1\"></span>so<span class=\"ff2\">no <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>corso<span class=\"_ _0\"></span> </span>di approfondimento<span class=\"_ _0\"></span> e valutazione.<span class=\"_ _0\"></span> Non <span class=\"_\"> </span>si <span class=\"_ _6\"> </span>prevede <span class=\"_\"> </span>che <span class=\"_ _6\"> </span>gli <span class=\"_ _6\"> </span>standards <span class=\"_\"> </span>abbiano <span class=\"_\"> </span>un <span class=\"_ _6\"> </span>impatto <span class=\"_\"> </span>significativo<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>sul <span class=\"_\"> </span>bilancio consolidato del <span class=\"_ _0\"></span>Gruppo. PRINCIPI DI CONSOLIDAMENTO Area di consolidamento Per <span class=\"_ _1\"></span>l\u2019elenco <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>partecipazi<span class=\"_ _0\"></span>oni <span class=\"_ _1\"></span>incluse <span class=\"_ _1\"></span>nell\u2019area di <span class=\"_ _1\"></span>consolidamento <span class=\"_ _4\"></span><span class=\"ff2\">e <span class=\"_ _1\"></span>per la <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>elativa<span class=\"_ _0\"></span> </span>modalit\u00e0 <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>consolidam<span class=\"_ _0\"></span>ento <span class=\"_ _18\"> </span>si <span class=\"_ _18\"> </span>fa <span class=\"_ _18\"> </span>riferimento <span class=\"_ _15\"> </span>al <span class=\"_ _18\"> </span>prospetto <span class=\"_ _18\"> </span>allegato<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>alle <span class=\"_ _18\"> </span>presenti <span class=\"_ _18\"> </span>Not<span class=\"lsd\">e </span>esplicative. Nel co<span class=\"_ _0\"></span>rso del 2022 non<span class=\"_ _0\"></span> si sono verificate va<span class=\"_ _0\"></span>riazioni di peri<span class=\"_ _0\"></span>metro. Ragione Sociale Sede Caltagirone SpA. Italia Aalborg Cement Company Inc U.S.A. Aalborg Portland A/S Danimarca Aalborg Portland Holding A/S Danimarca Aalborg Portland Australia Pty Ltd Australia Aalborg Portland Belgium SA Belgio Aalborg Portland Digital Srl Italia Aalborg Portland France SAS Francia Aalborg Portland Espana SL Spagna Aalborg Portland Island\u00ec EHF Islanda Aalborg Portland Malaysia SDN BHD Malesia Aalborg Portland OOO LLC Russia Aalborg Portland Polska Spzoo Polonia Aalborg Portland US Inc U.S.A. Aalborg Portland Anqing Co Ltd Cina Aalborg Resources Sdn Bhd Malesia AB Sydsten Svezia Alfacem Srl Italia Aventina Srl Italia Basi 15 Srl Italia Buccimazza Ind.Work Corp. Liberia Calt 2004 Srl Italia Caltagirone Editore SpA Italia Capitolium Srl Italia Ced Digital &amp; Servizi Srl Italia Cementir Holding NV  Olanda Cementir Espana S.L. Spagna Cimbeton A.S. Turchia Cimentas A.S. Turchia Compagnie des Cimentes Belges SA Belgio Compagnie des Cimentes Belges France SA Francia Corriere Adriatico Srl Italia De Paepe Beton NV Belgio Destek A.S. Turchia Domus Italia SpA Italia Domus Roma 15 Srl Italia Ege Kirmatas AS Turchia Finced Srl Italia Gaetano Cacciatore Inc. U.S.A. Globocem S.L. Spagna Il Gazzettino SpA  Italia Il Mattino SpA  Italia Il Messaggero SpA Italia Imprese Tipografiche Venete Srl Italia Kars Cimento A.S. Turchia Kudsk Og Dahl A/S Danimarca Leggo Srl Italia Lehigh White Cement Company U.S.A. Mantegna \u201987 <span class=\"ff2 ls25\">Srl<span class=\"ls0\"> </span></span>Italia Neales Waste Management Limited Gran Bretagna NWM Holding Limited Gran Bretagna Parted 1982 Srl  Italia Piemme SpA  Italia P.I.M. Srl  Italia Quercia Limited Gran Bretagna Quotidiano di Puglia Srl Italia Recydia AS Turchia Servizi Italia 15 Srl Italia S.i.Me. Srl Italia Sinai White Portland Cement Company SAE  Egitto Societe des Carrieres du Tournaisis SA Belgio Spartan Hive SpA italia Stampa Roma 2015 Srl Italia Stampa Napoli 2015 Srl Italia Stampa Venezia Srl<span class=\"ff7\"> </span> Italia Sureko AS Turchia Svim 15 Srl Italia Unicon A/S Danimarca Unicon AS Norvegia Vianco Srl Italia Vianini Energia Srl Italia Vianini SpA Italia Vianini Lavori SpA Italia Vianini Pipe Inc U.S.A. Viapar Srl Italia White Cement Company LLC U.S.A. Turchia <span class=\"ff3\">\u2013</span> <span class=\"ff3\">economia iperinflazionata: impatti per l\u2019applicazione dello IAS 29</span> A <span class=\"_ _5\"></span>partire <span class=\"_ _a\"></span>da <span class=\"_ _5\"></span>aprile <span class=\"_ _5\"></span><span class=\"ff6\">2022 <span class=\"_ _a\"></span>l\u2019economia <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>urca <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>considerata <span class=\"_ _a\"></span></span>in <span class=\"_ _5\"></span>iperinflazion<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>ai criteri stabiliti dal<span class=\"_ _0\"></span>lo \u201cIAS 29<span class=\"_ _0\"></span> <span class=\"ff2\">- </span>Rendicontazione contabi<span class=\"_ _0\"></span>le in economie<span class=\"_ _0\"></span> iperinflazionate\u201d. <span class=\"ff2\"> </span>Ai <span class=\"_ _3\"></span>fini <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>predisposizione <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>presente <span class=\"_ _3\"></span>Bilancio <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>accordo <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>quanto disposto <span class=\"_ _4\"></span>dallo <span class=\"_ _1\"></span>IAS <span class=\"_ _4\"></span>29, <span class=\"_ _1\"></span>talune <span class=\"_ _4\"></span>voci <span class=\"_ _1\"></span>delle <span class=\"_ _4\"></span>situazioni <span class=\"_ _1\"></span>patrimoniali <span class=\"_ _4\"></span>delle <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _4\"></span>partecipate <span class=\"_ _4\"></span>con<span class=\"_ _0\"></span> sede <span class=\"_ _1\"></span><span class=\"ff6\">in <span class=\"_ _1\"></span>Turchia <span class=\"_ _4\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>state <span class=\"_ _1\"></span>rimisurate <span class=\"_ _1\"></span>applicando <span class=\"_ _1\"></span>l\u2019indice <span class=\"_ _1\"></span>generale <span class=\"_ _1\"></span>dei <span class=\"_ _4\"></span>pre<span class=\"_ _0\"></span>zzi <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>consumo <span class=\"_ _4\"></span>ai </span>dati <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>orici, <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ine <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>riflettere <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>modifiche <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>potere <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>acquisto <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>peso <span class=\"_ _4\"></span>turco <span class=\"_ _5\"></span>alla <span class=\"_ _4\"></span>data <span class=\"_ _5\"></span>di chiusura del bilanci<span class=\"_ _0\"></span>o<span class=\"ls9\">. </span> Nell'appli<span class=\"_ _0\"></span>cazione del<span class=\"_ _0\"></span>lo IAS <span class=\"_ _0\"></span>29 su <span class=\"_ _0\"></span>base con<span class=\"_ _0\"></span>tinuativa, e<span class=\"_ _0\"></span> secondo <span class=\"_ _0\"></span>quanto<span class=\"_ _0\"></span> richiesto dal<span class=\"_ _0\"></span>lo IAS <span class=\"_ _17\"></span>21, <span class=\"_ _17\"></span>i <span class=\"_ _17\"></span>dati <span class=\"_ _17\"> </span>comparativi<span class=\"_ _0\"></span> <span class=\"_ _17\"></span>non <span class=\"_ _17\"></span>sono <span class=\"_ _17\"></span>stati <span class=\"_ _17\"></span>ridetermina<span class=\"_ _0\"></span>ti <span class=\"_ _17\"></span>ma, <span class=\"_ _17\"></span>in <span class=\"_ _17\"></span>base <span class=\"_ _17\"></span>al <span class=\"_ _17\"></span>criterio <span class=\"_ _a\"></span>adottato, <span class=\"_ _17\"></span>le differenze tra il <span class=\"_ _1\"></span>patrimonio netto <span class=\"_ _1\"></span>al 31 <span class=\"_ _1\"></span>dicembre 2021, <span class=\"_ _1\"></span>cos\u00ec come <span class=\"_ _4\"></span>presenta<span class=\"_ _0\"></span>to, e <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>patrimonio<span class=\"_ _0\"></span> netto <span class=\"_ _5\"></span>dopo <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>rideterminazion<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>poste <span class=\"_ _4\"></span>non <span class=\"_ _5\"></span>monetarie <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _4\"></span>2021 <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>state<span class=\"_ _0\"></span> imputate a Patri<span class=\"_ _0\"></span>monio Netto<span class=\"_ _0\"></span>. Tenendo <span class=\"_ _4\"></span>presente <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span><span class=\"ls0\">Caltagirone <span class=\"_ _1\"></span>ha <span class=\"_ _4\"></span>acquisito <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>controllo <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>principal<span class=\"_ _0\"></span>i </span>societ\u00e0 <span class=\"_ _17\"></span>turche <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>settembre <span class=\"_ _17\"> </span>2001, <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span><span class=\"ff6\">che <span class=\"_ _19\"> </span>le <span class=\"_ _17\"> </span>st<span class=\"_ _1\"></span>esse <span class=\"_ _17\"> </span>hanno <span class=\"_ _19\"> </span>applicato <span class=\"_ _17\"> </span>l\u2019iperinflazione <span class=\"_ _17\"> </span>fino <span class=\"_ _19\"> </span>al </span>31.12.2004, <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>rimisura<span class=\"_ _0\"></span>zione <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span>dati <span class=\"_ _5\"></span>patrimoniali <span class=\"_ _5\"></span>non <span class=\"_ _a\"></span>monetari <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>bilanci <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>tali <span class=\"_ _a\"></span>socie<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _5\"></span>\u00e8 stata <span class=\"_ _0\"></span>effe<span class=\"_ _0\"></span>ttuata <span class=\"_ _0\"></span>applican<span class=\"_ _0\"></span>do <span class=\"_ _3\"></span>gli i<span class=\"_ _0\"></span>ndici <span class=\"_ _3\"></span>di infla<span class=\"_ _0\"></span>zione <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>partire<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _3\"></span>tale da<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>dalla <span class=\"_ _3\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>acquis<span class=\"_ _0\"></span>to dei beni oggetto di <span class=\"_ _0\"></span>rivalutazi<span class=\"_ _0\"></span>one, se successiva.<span class=\"_ _0\"></span> Gli <span class=\"_ _a\"></span>effetti <span class=\"_ _a\"></span>contabili <span class=\"_ _a\"></span>di <span class=\"_ _17\"></span>tale <span class=\"_ _a\"></span>adeguamento, <span class=\"_ _a\"></span>oltre <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>essere <span class=\"_ _17\"></span>gi\u00e0 <span class=\"_ _a\"></span>riflessi <span class=\"_ _a\"></span>nella <span class=\"_ _a\"></span>situazione patrimoniale <span class=\"_\"> </span>di <span class=\"_ _b\"> </span>apertura<span class=\"_ _0\"></span> <span class=\"_\"> </span>al <span class=\"_\"> </span>1\u00b0 <span class=\"_\"> </span>gennaio <span class=\"_ _b\"> </span>2022, <span class=\"_ _b\"> </span>recepiscono <span class=\"_ _b\"> </span>le <span class=\"_\"> </span>variazioni<span class=\"_ _0\"></span> <span class=\"_\"> </span>del <span class=\"_ _b\"> </span>periodo. <span class=\"_\"> </span>In<span class=\"_ _0\"></span> particolare, <span class=\"_ _1\"></span>l\u2019effetto <span class=\"_ _4\"></span>relativo <span class=\"_ _1\"></span>alla <span class=\"_ _4\"></span><span class=\"ff2\">rimisurazione <span class=\"_ _4\"></span>delle <span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>passivit\u00e0 <span class=\"_ _4\"></span>non <span class=\"_ _1\"></span>monetarie, <span class=\"_ _4\"></span>delle </span>poste <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>patri<span class=\"_ _0\"></span>monio <span class=\"_ _5\"></span>netto, <span class=\"_ _a\"></span>nonch\u00e9<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>componenti <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>conto <span class=\"_ _5\"></span>economico <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ilevate <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>corso del<span class=\"ff6 ls0\">l\u2019esercizi<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span><span class=\"ff2\">2022 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>stato <span class=\"_ _1\"></span>rilevato <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>una <span class=\"_ _4\"></span>appo<span class=\"_ _0\"></span>sita <span class=\"_ _1\"></span>voce <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>conto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>economico <span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>proventi<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e </span></span>oneri <span class=\"_ _a\"></span>finanziari. <span class=\"_ _a\"></span>Il <span class=\"_ _a\"></span>relativo <span class=\"_ _a\"></span>effetto <span class=\"_ _a\"></span>fiscale <span class=\"_ _a\"></span>delle <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>monetarie<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _17\"></span>stato <span class=\"_ _a\"></span>rilevato <span class=\"_ _a\"></span>tra <span class=\"_ _a\"></span>le imposte del periodo.<span class=\"_ _0\"></span>  Per tener<span class=\"_ _0\"></span> conto<span class=\"_ _0\"></span> dell<span class=\"_ _0\"></span>\u2019impatto de<span class=\"_ _0\"></span>ll\u2019iperi<span class=\"_ _0\"></span>nflazione anc<span class=\"_ _0\"></span>he sul<span class=\"_ _0\"></span> corso<span class=\"_ _0\"></span> moneta<span class=\"_ _0\"></span>rio d<span class=\"_ _0\"></span>ella val<span class=\"_ _0\"></span>uta locale, <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>saldi <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>conti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>economici <span class=\"_ _4\"></span>espressi<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>valuta <span class=\"_ _4\"></span>iper-inflazionata <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>stati <span class=\"_ _1\"></span>convertiti <span class=\"_ _4\"></span>in Euro, <span class=\"_ _5\"></span>valuta <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>presenta<span class=\"_ _0\"></span>zione <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>Caltagirone, <span class=\"_ _4\"></span>applicando <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>cambio <span class=\"_ _5\"></span>finale anzich\u00e9 <span class=\"_ _3\"></span>quello <span class=\"_ _3\"></span>medio <span class=\"_ _0\"></span>del <span class=\"_ _3\"></span>periodo, <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>con <span class=\"_ _0\"></span>quanto <span class=\"_ _3\"></span>richiesto <span class=\"_ _3\"></span>dallo <span class=\"_ _3\"></span>IAS <span class=\"_ _0\"></span>21<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>fine <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>riportare<span class=\"_ _0\"></span> tali ammontari<span class=\"_ _0\"></span> ai valori corren<span class=\"_ _0\"></span>ti.  Di seguito si ripo<span class=\"_ _0\"></span>rtano i livell<span class=\"_ _0\"></span>i cumulati degli indi<span class=\"_ _0\"></span>ci generali dei prezzi<span class=\"_ _0\"></span> al consumo: \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span>Dal 1\u00b0 gennaio 2005<span class=\"_ _0\"></span> al 31 dicembr<span class=\"_ _0\"></span>e 2021: 503<span class=\"_ _0\"></span>% </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span>Dal 1\u00b0 gennaio 2022<span class=\"_ _0\"></span> al 31 dicembr<span class=\"_ _0\"></span>e 2022: <span class=\"ls2\">64</span>% </span>Nel <span class=\"_ _1\"></span>corso <span class=\"_ _1\"></span><span class=\"ff6\">dell\u2019esercizi<span class=\"_ _0\"></span>o<span class=\"ff2\"> <span class=\"_ _1\"></span></span>2022 <span class=\"_ _1\"></span>l\u2019applicazione dello <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>AS <span class=\"_ _1\"></span>29 <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>comportato la <span class=\"_ _1\"></span>rilevazione <span class=\"_ _1\"></span>di </span>un provento finanzi<span class=\"_ _0\"></span>ario netto (al lordo<span class=\"_ _0\"></span> delle impos<span class=\"_ _0\"></span>te) pari a <span class=\"ls2\">20<span class=\"ls9\">,1</span></span> mili<span class=\"_ _0\"></span>oni di euro. <span class=\"_ _0\"></span> Di <span class=\"_ _0\"></span>seguito <span class=\"_ _3\"></span>si ripo<span class=\"_ _0\"></span>rtano <span class=\"_ _0\"></span>gli <span class=\"_ _3\"></span>effetti <span class=\"_ _0\"></span>dello <span class=\"_ _3\"></span>IAS 29<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sull<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>Stato <span class=\"_ _0\"></span>patri<span class=\"_ _0\"></span>moniale <span class=\"_ _3\"></span>al 31 <span class=\"_ _0\"></span>dicembre <span class=\"_ _0\"></span>2022<span class=\"_ _3\"></span> e <span class=\"_ _5\"></span>gli <span class=\"_ _a\"></span>impat<span class=\"_ _0\"></span><span class=\"ff6\">ti <span class=\"_ _5\"></span>dell\u2019iperinflazione <span class=\"_ _4\"></span>sulle <span class=\"_ _a\"></span>princi<span class=\"_ _0\"></span>pali <span class=\"_ _5\"></span>voci <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span><span class=\"ff2\">2022, </span></span>differenziando gli<span class=\"_ _0\"></span> stessi tra la<span class=\"_ _0\"></span> rivalutazione<span class=\"_ _0\"></span> effettuata in<span class=\"_ _0\"></span> base agl<span class=\"_ _0\"></span>i indici ge<span class=\"_ _0\"></span>nerali dei pr<span class=\"_ _0\"></span>ezzi al consumo <span class=\"_ _1\"></span>e l\u2019applicazione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>tasso <span class=\"_ _1\"></span>di cambio <span class=\"_ _1\"></span>finale, <span class=\"_ _1\"></span>anzich\u00e9 del <span class=\"_ _1\"></span>tasso<span class=\"_ _1\"></span><span class=\"ff2\"> <span class=\"_ _1\"></span>di cambio <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>del </span>periodo, secondo quan<span class=\"_ _0\"></span>to previs<span class=\"_ _0\"></span>to dallo IAS 21 per le econo<span class=\"_ _0\"></span>mie iperin<span class=\"_ _0\"></span>flazionate: Effetto Effetto Iperinflazione Effetto Effetto Iperinflazione  Euro ('000) iperinflazione del cumulato al 01.01.2022 cambi cumulato al 31.12.2022 periodo Totale attivit\u00e0  128.546   105.815   (30.464)   203.897  Totale passivit\u00e0  12.502   9.642   (2.963)   19.181  Patrimonio netto  116.044   96.173   (27.501)   184.716  Totale Effetto IAS29 Effetto IAS 21 Effetto Totale ricavi operativi  28.729   (33.928)   (5.199)  Totale costi operativi  (45.251)   30.678   (14.573)  Margine operativo lordo  (16.522)   (3.250)   (19.772)  Totale ammortamenti, svalutazioni  (10.375)   1.091   (9.284)  ed accantonamenti Risultato operativo  (26.897)   (2.159)   (29.056)  Risultato della gestione finanziaria  18.709   1.323   20.032  Risultato prima delle imposte  (8.188)   (836)   (9.024)  Imposte  (3.797)   (736)   (4.533)  Utile del periodo  (11.985)   (1.572)   (13.557)  Utile (Perdita) di Gruppo  (5.699)   (714)   (6.412)  Utile (Perdita) di Terzi  (6.286)   (857)   (7.144)  Cambiamento c<span class=\"_ _0\"></span>limatico In consi<span class=\"_ _0\"></span>derazione <span class=\"_ _0\"></span>della s<span class=\"_ _0\"></span>truttura<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>i po<span class=\"_ _0\"></span>tenzi<span class=\"_ _0\"></span>ali effe<span class=\"_ _0\"></span>tti derivan<span class=\"_ _0\"></span>ti dal<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cambiamento<span class=\"_ _0\"></span> climatico <span class=\"_ _16\"> </span>sono <span class=\"_ _14\"> </span>riferibil<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>principalmente <span class=\"_ _16\"> </span>al <span class=\"_ _14\"> </span>gruppo <span class=\"_ _16\"> </span>Cementir. <span class=\"_ _14\"> </span>La <span class=\"_ _14\"> </span>capacit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _16\"> </span>dell'industria <span class=\"_ _16\"> </span>del cemento <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _1\"></span>idurre<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>proprie <span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>missioni <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>CO2 <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>rispondere <span class=\"_ _a\"></span>ai <span class=\"_ _5\"></span>cambia<span class=\"_ _1\"></span>menti <span class=\"_ _a\"></span>climatici<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>\u00e8 diventata <span class=\"_ _17\"></span>un <span class=\"_ _17\"></span>punto <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>ocale <span class=\"_ _a\"></span>per <span class=\"_ _19\"> </span>gli <span class=\"_ _a\"></span>investitori. <span class=\"_ _17\"></span>Nel <span class=\"_ _17\"></span>2021, <span class=\"_ _17\"></span>il <span class=\"_ _19\"> </span>gruppo <span class=\"_ _17\"></span>Cementir <span class=\"_ _17\"></span>ha <span class=\"_ _17\"></span>lanciato <span class=\"_ _a\"></span>un progetto per implementare le raccomandazioni del<span class=\"_ _0\"></span>la TCFD (Task Force on Climate<span class=\"_ _1\"></span>-Related Financial <span class=\"_ _0\"></span>Disclosure) i<span class=\"_ _0\"></span>mpegnandosi a <span class=\"_ _0\"></span>essere <span class=\"_ _0\"></span>trasparente <span class=\"_ _0\"></span>sui rischi <span class=\"_ _0\"></span>e le op<span class=\"_ _0\"></span>portunit\u00e0 l<span class=\"_ _0\"></span>egate al<span class=\"_ _0\"></span> cambiamento climatico. Il gruppo Cementir si <span class=\"_ _1\"></span>impegna inoltre a garantire la tr<span class=\"_ _1\"></span>asparenza dei propri <span class=\"_ _17\"></span>rischi <span class=\"_ _17\"></span>e <span class=\"_ _17\"> </span>opportunit\u00e0 <span class=\"_ _17\"></span>legati <span class=\"_ _17\"></span>al <span class=\"_ _17\"></span>clima <span class=\"_ _17\"></span>in <span class=\"_ _17\"></span>linea <span class=\"_ _17\"></span>con <span class=\"_ _17\"></span>la <span class=\"_ _17\"></span>tassonomia <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>ichiesta <span class=\"_ _a\"></span>dall'Unione Europea. L'identificazi<span class=\"_ _0\"></span>one, la valutazione e la ges<span class=\"_ _0\"></span>tione efficace dei rischi<span class=\"_ _0\"></span> e delle opportunit\u00e0<span class=\"_ _0\"></span> legate <span class=\"_ _a\"></span>al <span class=\"_ _17\"></span>cambiamento <span class=\"_ _a\"></span>climatico <span class=\"_ _a\"></span>sono <span class=\"_ _17\"></span>pienamente <span class=\"_ _a\"></span>integrate<span class=\"_ _0\"></span> <span class=\"_ _17\"></span>nel <span class=\"_ _17\"></span>proces<span class=\"_ _0\"></span>so <span class=\"_ _17\"></span>di <span class=\"_ _a\"></span>gestione <span class=\"_ _17\"></span>dei rischi del gruppo Cemen<span class=\"_ _0\"></span>tir. Come <span class=\"_ _3\"></span>suggerito <span class=\"_ _3\"></span>dall<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>TCFD, <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>gr<span class=\"_ _1\"></span>uppo <span class=\"_ _3\"></span>Ce<span class=\"_ _0\"></span>mentir <span class=\"_ _3\"></span>monitora <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>rischi <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>opportunit\u00e0 <span class=\"_ _3\"></span>derivant<span class=\"_ _0\"></span>i dall'evoluzi<span class=\"_ _0\"></span>one <span class=\"_ _6\"> </span>degli <span class=\"_\"> </span>scenari <span class=\"_ _6\"> </span>di <span class=\"_\"> </span>t<span class=\"_ _1\"></span>ransizion<span class=\"_ _0\"></span>e <span class=\"_ _6\"> </span>e <span class=\"_\"> </span>dall'evoluzione <span class=\"_\"> </span>delle <span class=\"_ _6\"> </span>variabil<span class=\"_ _0\"></span>i <span class=\"_ _6\"> </span>fisiche. <span class=\"_ _6\"> </span>Per maggiori <span class=\"_ _3\"></span>dettagli <span class=\"_ _3\"></span>sugli <span class=\"_ _0\"></span>scen<span class=\"_ _0\"></span>ari <span class=\"_ _3\"></span>utilizzati, <span class=\"_ _0\"></span>si <span class=\"_ _3\"></span>rimanda <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>quanto <span class=\"_ _3\"></span>descritto <span class=\"_ _3\"></span>nella <span class=\"_ _3\"></span>Dichiarazione <span class=\"_ _3\"></span>non finanziaria 2022. Le variabili fisiche<span class=\"_ _0\"></span> sono suddivi<span class=\"_ _0\"></span>se in due categorie<span class=\"_ _0\"></span> di rischio: A. Acu<span class=\"_ _0\"></span>to: lega<span class=\"_ _0\"></span>to al<span class=\"_ _0\"></span> verific<span class=\"_ _0\"></span>arsi di<span class=\"_ _0\"></span> condi<span class=\"_ _0\"></span>zioni <span class=\"_ _0\"></span>meteorol<span class=\"_ _0\"></span>ogiche est<span class=\"_ _0\"></span>reme co<span class=\"_ _0\"></span>me c<span class=\"_ _0\"></span>icloni, <span class=\"_ _0\"></span>uragani o <span class=\"_ _1\"></span>alluvioni<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>fenomeni fisici acuti, <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>vari <span class=\"_ _1\"></span>casi, sono <span class=\"_ _1\"></span>caratterizzati da <span class=\"_ _1\"></span>una notevole <span class=\"_ _1\"></span>intensit\u00e0 e da <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>frequenza<span class=\"_ _0\"></span> di a<span class=\"_ _0\"></span>ccadimento<span class=\"_ _0\"></span> non<span class=\"_ _0\"></span> elevata<span class=\"_ _0\"></span> nel<span class=\"_ _0\"></span> breve <span class=\"_ _0\"></span>periodo,<span class=\"_ _0\"></span> ma <span class=\"_ _0\"></span>che, <span class=\"_ _0\"></span>considerando<span class=\"_ _0\"></span> gli<span class=\"_ _0\"></span> scenari di lungo pe<span class=\"_ _0\"></span>riodo, vede una<span class=\"_ _0\"></span> chiara tendenza al<span class=\"_ _0\"></span>l'aumento; B. Cronico:<span class=\"_ _0\"></span> si riferisce<span class=\"_ _0\"></span> a cambiamen<span class=\"_ _0\"></span>ti graduali<span class=\"_ _0\"></span> e a lungo<span class=\"_ _0\"></span> termine<span class=\"_ _0\"></span> nei modell<span class=\"_ _0\"></span>i climatici (ad<span class=\"_ _3\"></span> esempio, tempe<span class=\"_ _0\"></span>rature el<span class=\"_ _0\"></span>evate sos<span class=\"_ _0\"></span>tenute) che pos<span class=\"_ _0\"></span>sono causare <span class=\"_ _0\"></span>l'innalza<span class=\"_ _0\"></span>mento del<span class=\"_ _0\"></span> livell<span class=\"_ _0\"></span>o del mare o ondate di<span class=\"_ _0\"></span> calore croniche. Per <span class=\"_ _15\"> </span>quanto <span class=\"_ _18\"> </span>riguarda <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>processo <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>t<span class=\"_ _1\"></span>ransizion<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>energetica, <span class=\"_ _15\"> </span>verso <span class=\"_ _18\"> </span>una <span class=\"_ _15\"> </span>progressiva riduzione delle emissioni di carbonio, <span class=\"_ _1\"></span>esistono rischi e opportunit\u00e0 legati ai cambiame<span class=\"_ _1\"></span>nti <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span> contesto norma<span class=\"_ _0\"></span>tivo, tecnolog<span class=\"_ _0\"></span>ico, di mercato e<span class=\"_ _0\"></span> reputazionale. Il <span class=\"_ _15\"> </span>gruppo <span class=\"_ _15\"> </span>Cementi<span class=\"_ _0\"></span>r <span class=\"_ _15\"> </span>ha <span class=\"_ _15\"> </span>deciso <span class=\"_ _15\"> </span>di <span class=\"_ _6\"> </span>allinearsi <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>framework <span class=\"_ _6\"> </span>TCFD <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>rappresen<span class=\"_ _0\"></span>tare chiaramente <span class=\"_ _3\"></span>le <span class=\"_ _2b\"></span>tipologie <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>rischi <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>opportunit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>indicando <span class=\"_ _3\"></span>come <span class=\"_ _3\"></span>ciascuno<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>essi <span class=\"_ _3\"></span>debba <span class=\"_ _3\"></span>esser<span class=\"_ _0\"></span>e gestito. <span class=\"_ _a\"></span>Gli <span class=\"_ _a\"></span>effetti <span class=\"_ _5\"></span>sono <span class=\"_ _17\"></span>stati <span class=\"_ _a\"></span>valutati <span class=\"_ _a\"></span>su <span class=\"_ _5\"></span>tre <span class=\"_ _17\"></span>orizzo<span class=\"_ _0\"></span>nti <span class=\"_ _a\"></span>temporali: <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>breve <span class=\"_ _a\"></span>termine <span class=\"_ _a\"></span>(1<span class=\"_ _1\"></span>-3 <span class=\"_ _a\"></span>anni), legato <span class=\"_ _a\"></span>all'implementazione <span class=\"_ _a\"></span>del <span class=\"_ _17\"> </span>Piano <span class=\"_ _17\"></span>Industriale; <span class=\"_ _a\"></span>il <span class=\"_ _17\"></span>medio <span class=\"_ _17\"></span>termine <span class=\"_ _a\"></span>fino <span class=\"_ _17\"> </span>al <span class=\"_ _17\"></span>2030, <span class=\"_ _17\"></span>durante <span class=\"_ _a\"></span>il quale <span class=\"_ _a\"></span>sar\u00e0 <span class=\"_ _a\"></span>possibile <span class=\"_ _a\"></span>vedere <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>effetti <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>transizi<span class=\"_ _0\"></span>one <span class=\"_ _a\"></span>energetica; <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>lungo <span class=\"_ _a\"></span>t<span class=\"_ _1\"></span>ermine <span class=\"_ _a\"></span>fino <span class=\"_ _a\"></span>al<span class=\"_ _0\"></span> 2050, <span class=\"_ _a\"></span>durante <span class=\"_ _a\"></span>il <span class=\"_ _17\"></span>quale <span class=\"_ _a\"></span>il <span class=\"_ _17\"></span>gruppo <span class=\"_ _a\"></span>Cementir <span class=\"_ _a\"></span>si <span class=\"_ _17\"></span>impegna <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>aggiungere<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>emissioni <span class=\"_ _a\"></span>nette <span class=\"_ _17\"></span>zero lungo tutta <span class=\"_ _1\"></span>la sua <span class=\"_ _1\"></span>catena del <span class=\"_ _1\"></span>valore.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Come afferma la <span class=\"_ _1\"></span>TCFD, il <span class=\"_ _1\"></span>processo di <span class=\"_ _1\"></span>divulgazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>dei rischi <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>opportunit\u00e0 <span class=\"_ _5\"></span>legati <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>cambiamento <span class=\"_ _5\"></span>climatico <span class=\"_ _5\"></span>sa<span class=\"_ _1\"></span>r\u00e0 <span class=\"_ _a\"></span>gradua<span class=\"_ _0\"></span>le <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>incrementale <span class=\"_ _5\"></span>di anno in anno. Procedure di conso<span class=\"_ _0\"></span>lidamento Le <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _4\"></span>controll<span class=\"_ _0\"></span>ate <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>consolidate <span class=\"_ _1\"></span>secondo <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>metodo <span class=\"_ _1\"></span>integrale. <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>criteri <span class=\"_ _1\"></span>adottati per il consolidamen<span class=\"_ _0\"></span>to integrale sono i<span class=\"_ _0\"></span> seguenti: \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">le <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>passivit\u00e0,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>oneri <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>proventi <span class=\"_ _1\"></span>delle entit\u00e0 <span class=\"_ _1\"></span>consolidate <span class=\"_ _1\"></span>integralmente<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>sono </span></span>assunti <span class=\"_ _19\"> </span>linea <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>linea, <span class=\"_ _17\"> </span>attribuendo <span class=\"_ _19\"> </span>ai <span class=\"_ _19\"> </span>soci <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>minoranza, <span class=\"_ _19\"> </span>ove <span class=\"_ _19\"> </span>applicabile, <span class=\"_ _17\"> </span>la <span class=\"_ _19\"> </span>quota <span class=\"_ _19\"> </span>di Patrimonio <span class=\"_ _16\"> </span>netto <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>Risultato <span class=\"_ _16\"> </span>netto <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>periodo <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>loro <span class=\"_ _16\"> </span>spettanza; <span class=\"_ _16\"> </span>tali <span class=\"_ _16\"> </span>quote <span class=\"_ _14\"> </span>sono evidenziate <span class=\"_ _14\"> </span>separatamente <span class=\"_ _14\"> </span>nell\u2019ambito <span class=\"_ _14\"> </span>del <span class=\"_ _14\"> </span>Patrimonio <span class=\"_ _14\"> </span>netto <span class=\"_ _b\"> </span>e <span class=\"_ _14\"> </span>del <span class=\"_ _b\"> </span>Con<span class=\"_ _0\"></span>to <span class=\"_ _14\"> </span>economico complessivo consol<span class=\"_ _0\"></span>idato; \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">le <span class=\"_ _3\"></span>transazioni <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>saldi <span class=\"_ _3\"></span>infragruppo, <span class=\"_ _3\"></span>inclusi <span class=\"_ _3\"></span>eventuali <span class=\"_ _3\"></span>utili <span class=\"_ _0\"></span>non <span class=\"_ _3\"></span>realizzati <span class=\"_ _3\"></span>verso <span class=\"_ _0\"></span>terzi <span class=\"_ _3\"></span>derivanti </span></span>da <span class=\"_ _4\"></span>rapporti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>intrattenuti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>tra <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _4\"></span>del <span class=\"_ _1\"></span>Gruppo, <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>eliminati <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>netto <span class=\"_ _4\"></span>del <span class=\"_ _1\"></span>relativo <span class=\"_ _4\"></span>effetto fiscale, <span class=\"_ _15\"> </span>se <span class=\"_ _18\"> </span>significativo.<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>Le <span class=\"_ _18\"> </span>perdite <span class=\"_ _18\"> </span>non <span class=\"_ _15\"> </span>realizzate <span class=\"_ _15\"> </span>non <span class=\"_ _18\"> </span>sono <span class=\"_ _18\"> </span>elimina<span class=\"_ _0\"></span>te, <span class=\"_ _15\"> </span>qualora <span class=\"_ _18\"> </span>la transazione fo<span class=\"_ _0\"></span>rnisca evidenza di<span class=\"_ _0\"></span> una riduzione di <span class=\"_ _0\"></span>valore dell\u2019attivi<span class=\"_ _0\"></span>t\u00e0 trasferita;<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">gli <span class=\"_ _2b\"></span>utili <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>perdite<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>derivanti <span class=\"_ _3\"></span>dall<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>cessioni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>quote <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>partecipazi<span class=\"_ _0\"></span>one <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _3\"></span>consoli<span class=\"_ _0\"></span>date </span></span>sono <span class=\"_ _6\"> </span>imputa<span class=\"_ _0\"></span>ti <span class=\"_ _6\"> </span>a <span class=\"_\"> </span>patrimonio <span class=\"_\"> </span>netto <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>gruppo <span class=\"_\"> </span>come <span class=\"_\"> </span>transazioni <span class=\"_ _6\"> </span>con <span class=\"_\"> </span>gli <span class=\"_ _6\"> </span>azionisti <span class=\"_\"> </span>per l\u2019ammontare <span class=\"_ _5\"></span>corrispondente <span class=\"_ _5\"></span>alla <span class=\"_ _a\"></span>differenza <span class=\"_ _5\"></span>fra <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>prezzo <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>vendita <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>corrispond<span class=\"_ _0\"></span>ente frazione del <span class=\"_ _0\"></span>patrimonio <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>consolidato <span class=\"_ _0\"></span>ceduta. <span class=\"_ _0\"></span>Nel<span class=\"_ _0\"></span> caso in <span class=\"_ _0\"></span>cui la <span class=\"_ _0\"></span>cessione<span class=\"_ _0\"></span> determini <span class=\"_ _0\"></span>la perdita del <span class=\"_ _0\"></span>controllo e<span class=\"_ _0\"></span> quindi<span class=\"_ _0\"></span> il deconsolidamen<span class=\"_ _0\"></span>to de<span class=\"_ _0\"></span>lla partecipa<span class=\"_ _0\"></span>zione, la d<span class=\"_ _0\"></span>ifferenza tra<span class=\"_ _0\"></span> il prezzo <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>vendita <span class=\"_ _17\"> </span>e <span class=\"_ _19\"> </span>la <span class=\"_ _17\"></span>corrispondente<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>quota <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>patr<span class=\"_ _1\"></span>imonio<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>netto <span class=\"_ _19\"> </span>consolida<span class=\"_ _0\"></span>to <span class=\"_ _17\"> </span>ceduta <span class=\"_ _17\"></span>\u00e8 rilevata come util<span class=\"_ _0\"></span>e o perdi<span class=\"_ _0\"></span>ta al conto economico. Societ\u00e0 Controllate<span class=\"ffb fs5\"> </span>Per <span class=\"_ _19\"> </span>societ\u00e0 <span class=\"_ _19\"> </span>controllate <span class=\"_ _17\"></span>si <span class=\"_ _19\"> </span>intendono <span class=\"_ _17\"> </span>tutte <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>societ\u00e0 <span class=\"_ _19\"> </span>su <span class=\"_ _19\"> </span>cui <span class=\"_ _19\"> </span>il <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>esposto <span class=\"_ _19\"> </span>a rendimenti <span class=\"_ _4\"></span>variabili, <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>detiene <span class=\"_ _4\"></span>diritti <span class=\"_ _5\"></span>su <span class=\"_ _4\"></span>tali <span class=\"_ _5\"></span>rendimenti, <span class=\"_ _4\"></span>derivanti <span class=\"_ _4\"></span>dal <span class=\"_ _5\"></span>propri<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>apporto <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>le stesse <span class=\"_ _a\"></span>e <span class=\"_ _17\"></span>nel <span class=\"_ _a\"></span>contempo <span class=\"_ _a\"></span>ha <span class=\"_ _a\"></span>la <span class=\"_ _17\"></span>capacit\u00e0 <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>incidere <span class=\"_ _a\"></span>su <span class=\"_ _17\"></span>tali <span class=\"_ _a\"></span>rendimenti <span class=\"_ _a\"></span>esercitando <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>proprio potere <span class=\"_ _19\"> </span>su <span class=\"_ _17\"> </span>t<span class=\"_ _1\"></span>ali <span class=\"_ _17\"> </span>entit\u00e0. <span class=\"_ _19\"> </span>Nel <span class=\"_ _17\"> </span>valutare <span class=\"_ _19\"> </span>l\u2019esistenza <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>controllo <span class=\"_ _17\"> </span>si <span class=\"_ _19\"> </span>prendono <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>considerazione<span class=\"_ _0\"></span> anche i diritti di vo<span class=\"_ _0\"></span>to potenzi<span class=\"_ _0\"></span>ali.<span class=\"fs0\"> </span>Le <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _3\"></span>controllate <span class=\"_ _3\"></span>sono <span class=\"_ _0\"></span>consolidate<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>partire <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _3\"></span>data in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cui <span class=\"_ _3\"></span>si assu<span class=\"_ _0\"></span>me <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>controllo fino al momento in <span class=\"_ _0\"></span>cui tale cont<span class=\"_ _0\"></span>rollo cessa di esist<span class=\"_ _0\"></span>ere.  I <span class=\"_ _5\"></span>bilanci <span class=\"_ _5\"></span>oggetto <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>consolidamento <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>redatti <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _a\"></span>dice<span class=\"_ _0\"></span>mbre, <span class=\"_ _5\"></span>ovvero <span class=\"_ _4\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di riferimento <span class=\"_ _0\"></span>del Bi<span class=\"_ _0\"></span>lancio c<span class=\"_ _0\"></span>onsolida<span class=\"_ _0\"></span>to, e sono<span class=\"_ _0\"></span> gener<span class=\"_ _0\"></span>almente quell<span class=\"_ _0\"></span>i apposita<span class=\"_ _0\"></span>mente p<span class=\"_ _0\"></span>redisposti <span class=\"_ _0\"></span>e approvati <span class=\"_ _a\"></span>dagli <span class=\"_ _a\"></span>Organi <span class=\"_ _a\"></span>A<span class=\"_ _0\"></span>mministrativi <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>singole <span class=\"_ _a\"></span>societ\u00e0, <span class=\"_ _a\"></span>opportunamente <span class=\"_ _a\"></span>rettificati, <span class=\"_ _a\"></span>ove necessario, per uni<span class=\"_ _0\"></span>formarli<span class=\"_ _0\"></span> ai principi contabili<span class=\"_ _0\"></span> della Capogruppo.<span class=\"_ _0\"></span>  Non <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>incluse <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>Bilancio <span class=\"_ _4\"></span>consolidato <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>controllate <span class=\"_ _5\"></span>inattive <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>ge<span class=\"_ _0\"></span>nerano <span class=\"_ _5\"></span>un volume <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>affari<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>non<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>significativo, <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>quanto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _0\"></span>loro <span class=\"_ _3\"></span>incidenza <span class=\"_ _3\"></span>sui <span class=\"_ _0\"></span>valori <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Bilancio <span class=\"_ _3\"></span>consolidato del <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span><span class=\"ff6\">\u00e8 <span class=\"_ _1\"></span>rilevante. <span class=\"_ _1\"></span>Le <span class=\"_ _1\"></span>societ\u00e0 controllate <span class=\"_ _1\"></span>escluse <span class=\"_ _1\"></span>dall\u2019area <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>consoli<span class=\"_ _0\"></span>damento <span class=\"_ _1\"></span>sono </span>valutate al fair value<span class=\"_ _0\"></span>. Interessenze in accordi a controllo congiunt<span class=\"_ _0\"></span>o  Un <span class=\"_ _a\"></span>accordo <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>controllo <span class=\"_ _a\"></span>congiunto <span class=\"_ _17\"></span>\u00e8 <span class=\"_ _17\"> </span>un <span class=\"_ _17\"></span>accordo <span class=\"_ _a\"></span>attraverso <span class=\"_ _17\"></span>il <span class=\"_ _a\"></span>quale <span class=\"_ _17\"> </span>due <span class=\"_ _a\"></span>o <span class=\"_ _17\"> </span>pi\u00f9 <span class=\"_ _17\"> </span>part<span class=\"_ _1\"></span><span class=\"ls26\">i </span>condividono <span class=\"_ _4\"></span>contrattual<span class=\"_ _0\"></span>mente <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>controllo <span class=\"_ _4\"></span>su <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>\u201caccordo\u201d<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>(arrangeme<span class=\"_ _0\"></span>nt) <span class=\"_ _4\"></span>ossia <span class=\"_ _4\"></span>quando <span class=\"_ _4\"></span>le decisioni <span class=\"_ _4\"></span>concernenti <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _5\"></span>rilevanti <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>questo <span class=\"_ _4\"></span>correlate <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ichiedono <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>consenso <span class=\"_ _4\"></span>unanime delle parti. Per<span class=\"_ _0\"></span> ci\u00f2 che con<span class=\"_ _0\"></span>cerne la modalit\u00e0<span class=\"_ _0\"></span> di valutazion<span class=\"_ _0\"></span>e e di rappresentazione in<span class=\"_ _0\"></span> bilancio, l\u2019IFRS 11 prevede<span class=\"_ _0\"></span> modalit\u00e0 diffe<span class=\"_ _0\"></span>renti per: <span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Joint O<span class=\"_ _1\"></span>perations<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(JO): <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>accordo a <span class=\"_ _1\"></span>controllo <span class=\"_ _1\"></span>congiunto nel <span class=\"_ _1\"></span>quale <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>parti <span class=\"_ _1\"></span>che detengono </span></span>il <span class=\"_ _16\"> </span>controllo <span class=\"_ _14\"> </span>congiunto<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>hanno <span class=\"_ _16\"> </span>diritti <span class=\"_ _14\"> </span>sulle <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>obbligazioni <span class=\"_ _16\"> </span>per <span class=\"_ _14\"> </span>le <span class=\"_ _16\"> </span>passivit\u00e0 <span class=\"_ _16\"> </span>relative all\u2019accordo. <span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Joint <span class=\"_ _1\"></span>Ventures <span class=\"_ _4\"></span>(JV): <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>accordo <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>controllo <span class=\"_ _1\"></span>congiunto <span class=\"_ _4\"></span>nel <span class=\"_ _1\"></span>quale <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>parti <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>detengono <span class=\"_ _1\"></span>il </span></span>controllo congiunto<span class=\"_ _0\"></span> vantano<span class=\"_ _0\"></span> diritti sulle attivi<span class=\"_ _0\"></span>t\u00e0 nette dell\u2019<span class=\"_ _0\"></span>accordo. <span class=\"ff2\"> </span>La <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ormulazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>dell\u2019IFRS <span class=\"_ _1\"></span>11 <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>erito <span class=\"_ _1\"></span>alla <span class=\"_ _4\"></span>distinzi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>tra <span class=\"_ _4\"></span>JO <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>JV <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>dunque <span class=\"_ _1\"></span>basata sui diritti e le obbligazi<span class=\"_ _0\"></span>oni derivanti ai co-venturer in relazion<span class=\"_ _0\"></span>e alla partecipazi<span class=\"_ _0\"></span>on<span class=\"ff6\">e all\u2019accordo </span>congiunto, ossia sull<span class=\"_ _0\"></span>a sostanza del<span class=\"_ _0\"></span> rapporto e no<span class=\"_ _0\"></span>n sulla forma gi<span class=\"_ _0\"></span>uridica del<span class=\"_ _0\"></span>lo stesso.  Per ci\u00f2 che<span class=\"_ _0\"></span> concerne<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>rappresentazione <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>bilancio <span class=\"_ _0\"></span>consolidato <span class=\"_ _0\"></span>delle JV<span class=\"_ _0\"></span>, l\u2019IFRS <span class=\"_ _0\"></span>11 prevede <span class=\"_ _1\"></span>come <span class=\"_ _4\"></span>unico <span class=\"_ _1\"></span>criterio <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>consolidamento <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>metodo <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>Patrimonio <span class=\"_ _1\"></span>netto, <span class=\"_ _4\"></span>descritto <span class=\"_ _1\"></span>nel seguito.  Per <span class=\"_ _4\"></span>quanto<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>attiene <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>JO <span class=\"_ _1\"></span>poich\u00e9 <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>sogge<span class=\"_ _0\"></span>tti <span class=\"_ _4\"></span>che <span class=\"_ _1\"></span>partecipano <span class=\"_ _1\"></span>all\u2019accordo <span class=\"_ _1\"></span>condividono <span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> diritti <span class=\"_ _1\"></span>sulle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>assumono<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>obbligazioni <span class=\"_ _1\"></span>sulle <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _1\"></span>legate <span class=\"_ _4\"></span>all\u2019acco<span class=\"_ _0\"></span>rdo, <span class=\"_ _1\"></span>l\u2019IFRS <span class=\"_ _1\"></span>11 dispone che <span class=\"_ _0\"></span>ogni <span class=\"_ _0\"></span>joint op<span class=\"_ _0\"></span>erator de<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>riconoscere <span class=\"_ _0\"></span>nel proprio<span class=\"_ _0\"></span> bi<span class=\"_ _0\"></span>lancio i<span class=\"_ _0\"></span>l valore p<span class=\"_ _0\"></span>ro quo<span class=\"_ _0\"></span>ta de<span class=\"_ _0\"></span>lle attivit\u00e0, passivit\u00e0<span class=\"_ _0\"></span>, costi e ricavi<span class=\"_ _0\"></span> della relativa JO<span class=\"_ _0\"></span>.  Societ\u00e0 collegate  Le <span class=\"_ _14\"> </span>societ\u00e0 <span class=\"_ _14\"> </span>collegate, <span class=\"_ _14\"> </span>sono <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>imprese <span class=\"_ _16\"> </span>nelle <span class=\"_ _14\"> </span>quali <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>Gruppo <span class=\"_ _14\"> </span>esercita <span class=\"_ _14\"> </span>un\u2019influenza notevole, <span class=\"_ _0\"></span>che <span class=\"_ _3\"></span>si presu<span class=\"_ _0\"></span>me <span class=\"_ _3\"></span>sussistere <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>partecipazione <span class=\"_ _3\"></span>\u00e8 co<span class=\"_ _0\"></span>mpresa <span class=\"_ _3\"></span>tra il <span class=\"_ _3\"></span>20% e <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>50% dei diritti di voto<span class=\"_ _0\"></span>.  Le <span class=\"_ _0\"></span>partecipazi<span class=\"_ _0\"></span>oni <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _0\"></span>collegate<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>valutate <span class=\"_ _0\"></span>con <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>metodo <span class=\"_ _3\"></span>del pat<span class=\"_ _0\"></span>rimonio <span class=\"_ _3\"></span>netto e sono inizialmente<span class=\"_ _0\"></span> iscritte al costo<span class=\"_ _0\"></span> di acquisto.  Il metodo del pat<span class=\"_ _0\"></span>rimonio netto<span class=\"_ _0\"></span> \u00e8 di seguito descritt<span class=\"_ _0\"></span>o:  \u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>contabile <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>tali <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _5\"></span>risulta <span class=\"_ _4\"></span>allineato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>patrimonio <span class=\"_ _4\"></span>netto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>comprende </span></span>l\u2019iscrizion<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>dei <span class=\"_ _6\"> </span>maggiori <span class=\"_ _15\"> </span>valori<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>attribuiti<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>alle <span class=\"_ _6\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>e <span class=\"_ _15\"> </span>alle <span class=\"_ _6\"> </span>passivit\u00e0 <span class=\"_ _6\"> </span>e <span class=\"_ _15\"> </span>dell\u2019eve<span class=\"_ _0\"></span>ntuale avviamento indi<span class=\"_ _0\"></span>viduati al momento<span class=\"_ _0\"></span> dell\u2019acqui<span class=\"_ _0\"></span>sizione; <span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"ff6 fc1\">gli utili<span class=\"_ _0\"></span> o <span class=\"_ _0\"></span>le pe<span class=\"_ _0\"></span>rdite di<span class=\"_ _3\"></span> pertinenza del<span class=\"_ _0\"></span> Gruppo<span class=\"_ _0\"></span> sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>contabilizzati <span class=\"_ _0\"></span>dalla da<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui l<span class=\"_ _0\"></span>\u2019influenza </span></span>notevole, o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>controllo <span class=\"_ _0\"></span>congi<span class=\"_ _0\"></span>unto, ha <span class=\"_ _3\"></span>avuto ini<span class=\"_ _0\"></span>zio e <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ino <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>l\u2019influ<span class=\"_ _0\"></span>enza no<span class=\"_ _0\"></span>tevole, o il controllo congiunto<span class=\"_ _0\"></span>, cessa; nel caso in cui<span class=\"_ _0\"></span>, per effetto delle perdite<span class=\"_ _0\"></span>, la societ\u00e0 valutata con <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>ogge<span class=\"_ _0\"></span>tto <span class=\"_ _a\"></span>evidenzi<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>patrimonio <span class=\"_ _a\"></span>netto <span class=\"_ _5\"></span>negativo, <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>carico <span class=\"_ _a\"></span>della partecipazione <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _17\"> </span>annullato <span class=\"_ _a\"></span>e <span class=\"_ _17\"> </span>l\u2019eventuale <span class=\"_ _a\"></span>eccedenza <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>pertinenza <span class=\"_ _a\"></span>del <span class=\"_ _17\"> </span>Gruppo, <span class=\"_ _a\"></span>laddove questo ultimo si <span class=\"_ _1\"></span>sia impegnato ad adempiere <span class=\"_ _1\"></span><span class=\"ff6\">a <span class=\"_ _1\"></span>obbliga<span class=\"_ _0\"></span>zioni legali o <span class=\"_ _1\"></span>implicite <span class=\"_ _1\"></span>dell\u2019impresa<span class=\"_ _0\"></span> </span>partecipata, <span class=\"_ _3\"></span>o co<span class=\"_ _0\"></span>munque <span class=\"_ _3\"></span>a cop<span class=\"_ _0\"></span>rirne <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>perdite<span class=\"_ _0\"></span>, \u00e8<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rilevata <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>un apposi<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>fondo; <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>riazioni patrimoniali <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>valutate <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _4\"></span>del <span class=\"_ _a\"></span>patrimonio <span class=\"_ _4\"></span>netto <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>rappresenta<span class=\"_ _0\"></span>te dal <span class=\"_ _0\"></span>risultato <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> conto<span class=\"_ _0\"></span> eco<span class=\"_ _0\"></span>nomico <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tabilizzate <span class=\"_ _0\"></span>diret<span class=\"_ _0\"></span>tamente <span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>ettifica<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>riserve<span class=\"_ _0\"></span> di patrimonio net<span class=\"_ _0\"></span>to;  \u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">gli <span class=\"_ _1\"></span>utili <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>perdite <span class=\"_ _4\"></span>signifi<span class=\"_ _0\"></span>cative <span class=\"_ _1\"></span>non r<span class=\"_ _1\"></span>ealizzate <span class=\"_ _1\"></span>generate <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>operazioni poste <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>essere tra </span></span>la <span class=\"_ _4\"></span>Capogruppo/societ\u00e0 <span class=\"_ _4\"></span>controllate<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>partecipata <span class=\"_ _4\"></span>valutata <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>metodo <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>patrimonio netto sono eliminate in funzione del valore dell<span class=\"_ _0\"></span>a quota di partecipazione<span class=\"_ _0\"></span> del Gruppo nella partecipata <span class=\"_ _4\"></span>stessa; <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>perdite <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>realizzate <span class=\"_ _1\"></span>sono <span class=\"_ _4\"></span>eliminate, <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>eccezione <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>caso <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui esse siano rappresen<span class=\"_ _0\"></span>tative di riduzi<span class=\"_ _0\"></span>one di valore.<span class=\"_ _0\"></span>  Criteri di valutazione Attivit\u00e0 imma<span class=\"_ _0\"></span>teriali a vita utile de<span class=\"_ _0\"></span>finita Le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _5\"></span>immateriali<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sono <span class=\"_ _4\"></span>costituite <span class=\"_ _4\"></span>da <span class=\"_ _5\"></span>elementi <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>monetari, <span class=\"_ _4\"></span>privi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>consistenza<span class=\"_ _0\"></span> fisica, <span class=\"_ _4\"></span>chiaramen<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>identifi<span class=\"_ _0\"></span>cabili, <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>ollabil<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>atti <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>generare <span class=\"_ _4\"></span>benefici <span class=\"_ _1\"></span>economici <span class=\"_ _4\"></span>futuri. <span class=\"_ _1\"></span>Tali elementi <span class=\"_ _6\"> </span>sono <span class=\"_\"> </span>r<span class=\"_ _1\"></span>ilevati <span class=\"_\"> </span>al <span class=\"_ _15\"> </span>costo, <span class=\"_\"> </span>comprensivi <span class=\"_ _6\"> </span>dei <span class=\"_ _6\"> </span>costi <span class=\"_ _6\"> </span>accessori <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>diretta <span class=\"_ _6\"> </span>imputazione necessari a rende<span class=\"_ _0\"></span>re le attivi<span class=\"_ _0\"></span>t\u00e0 disponibili al<span class=\"_ _0\"></span>l\u2019uso. <span class=\"ff2\"> </span>Per <span class=\"_ _1\"></span>ciascuna <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>immateriale <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>momento <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>prima <span class=\"_ _1\"></span>rilevazione <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span>determinata la <span class=\"_ _17\"> </span>vita <span class=\"_ _19\"> </span>utile. <span class=\"_ _19\"> </span>Nel <span class=\"_ _19\"> </span>caso <span class=\"_ _17\"> </span>che, <span class=\"_ _19\"> </span>sull<span class=\"ff6\">a <span class=\"_ _19\"> </span>base <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>un\u2019anal<span class=\"_ _0\"></span>isi <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>tutt<span class=\"_ _1\"></span>i <span class=\"_ _17\"> </span>i <span class=\"_ _19\"> </span>fattori <span class=\"_ _19\"> </span>rilevanti, <span class=\"_ _17\"> </span>non <span class=\"_ _19\"> </span>ci <span class=\"_ _19\"> </span>sia <span class=\"_ _17\"> </span>un </span>prevedibile limite <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>perio<span class=\"_ _0\"></span>do <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>ci <span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>attende che <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>genereranno f<span class=\"_ _1\"></span>lussi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>cassa <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>entrata per il <span class=\"_ _0\"></span>Gruppo, l<span class=\"_ _0\"></span>\u2019attivit\u00e0 <span class=\"_ _0\"></span>immate<span class=\"_ _0\"></span>riale vi<span class=\"_ _0\"></span>ene conside<span class=\"_ _0\"></span>rata a<span class=\"_ _0\"></span> vita<span class=\"_ _0\"></span> utile i<span class=\"_ _0\"></span>ndefinita. <span class=\"_ _0\"></span>La sti<span class=\"_ _0\"></span>ma dell<span class=\"ff2\">a vi<span class=\"_ _0\"></span>ta </span>utile <span class=\"_ _17\"></span>\u00e8 <span class=\"_ _17\"></span>riesaminata <span class=\"_ _a\"></span>con <span class=\"_ _19\"> </span>periodicit\u00e0 <span class=\"_ _17\"></span>annuale <span class=\"_ _a\"></span>ed <span class=\"_ _19\"> </span>eventuali <span class=\"_ _17\"></span>cambiamen<span class=\"_ _0\"></span>ti, <span class=\"_ _17\"> </span>laddove <span class=\"_ _17\"></span>necessari,<span class=\"_ _0\"></span> sono apportati<span class=\"_ _0\"></span> con applicazi<span class=\"_ _0\"></span>one prospettica.  Le attivit\u00e0 <span class=\"_ _1\"></span>immaterial<span class=\"_ _0\"></span>i sono <span class=\"_ _1\"></span>eliminate<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>dal bilancio al <span class=\"_ _1\"></span>momento della vendita o <span class=\"_ _1\"></span>quando non <span class=\"_ _16\"> </span>sussistono <span class=\"_ _14\"> </span>benefici<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>economici <span class=\"_ _16\"> </span>futuri <span class=\"_ _14\"> </span>attesi <span class=\"_ _19\"> </span>dal <span class=\"_ _14\"> </span>loro <span class=\"_ _16\"> </span>uso <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>l'eventual<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>perdita <span class=\"_ _14\"> </span>o <span class=\"_ _14\"> </span>utile (calcolata <span class=\"_ _3\"></span>come <span class=\"_ _0\"></span>diffe<span class=\"_ _0\"></span>renza <span class=\"_ _3\"></span>tra <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>cessione <span class=\"_ _3\"></span>ed <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>carico) <span class=\"_ _0\"></span>viene <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>conto economico nell'anno<span class=\"_ _0\"></span> della suddet<span class=\"_ _0\"></span>ta eliminazione.<span class=\"_ _0\"></span>  Le <span class=\"_ _23\"> </span>attivit\u00e0 <span class=\"_ _8\"> </span>imma<span class=\"_ _0\"></span>teriali <span class=\"_ _23\"> </span>a <span class=\"_ _23\"> </span>vita <span class=\"_ _8\"> </span>utile <span class=\"_ _23\"> </span>definita <span class=\"_ _8\"> </span>sono <span class=\"_ _23\"> </span>esposte <span class=\"_ _23\"> </span>al <span class=\"_ _23\"> </span>netto <span class=\"_ _23\"> </span>dei <span class=\"_ _8\"> </span>relativi ammortamen<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>accumulati <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>even<span class=\"_ _0\"></span>tuali <span class=\"_ _5\"></span>perdite <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>determinate <span class=\"_ _4\"></span>secondo <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>modalit\u00e0 descritte <span class=\"_ _a\"></span>nel <span class=\"_ _5\"></span>seguito. <span class=\"_ _a\"></span>L\u2019ammorta<span class=\"_ _0\"></span>mento <span class=\"_ _a\"></span>ha <span class=\"_ _a\"></span>inizi<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>quando <span class=\"_ _a\"></span>l\u2019attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>dispo<span class=\"_ _0\"></span>nibile <span class=\"_ _a\"></span>all\u2019<span class=\"_ _0\"></span>uso <span class=\"_ _a\"></span>ed <span class=\"_ _a\"></span>\u00e8 ripartito <span class=\"_ _4\"></span>sistemati<span class=\"_ _0\"></span>camente <span class=\"_ _4\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>relazione <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>residua <span class=\"_ _4\"></span>possibilit\u00e0 <span class=\"_ _4\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>utilizzazione <span class=\"_ _4\"></span>della <span class=\"_ _1\"></span>stessa <span class=\"_ _4\"></span>e cio\u00e8 <span class=\"_ _3\"></span>sulla <span class=\"_ _0\"></span>base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>utile. N<span class=\"_ _0\"></span>ell\u2019eserci<span class=\"_ _0\"></span>zio <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>cui <span class=\"_ _3\"></span>l\u2019attivit\u00e0 <span class=\"_ _3\"></span>immateriale <span class=\"_ _3\"></span>diviene <span class=\"_ _3\"></span>disponibile <span class=\"_ _3\"></span>per l\u2019uso, <span class=\"_ _3\"></span>l\u2019ammortamento<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>determinato<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tenendo <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>momento<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>effettivo <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>condizione<span class=\"ff2\"> </span>si manifesta.  La <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>stimata <span class=\"_\"> </span>de<span class=\"_ _0\"></span>lle <span class=\"_\"> </span>principali<span class=\"_ _0\"></span> <span class=\"_\"> </span>attivit\u00e0 <span class=\"_\"> </span>immateriali <span class=\"_\"> </span>a <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>defini<span class=\"_ _0\"></span>ta <span class=\"_\"> </span>\u00e8 <span class=\"_\"> </span>la seguente: Vita utile  attivit\u00e0 immateriali a vita utile definita - Costi di sviluppo 5 <span class=\"fc7 sc0\">i</span><span class=\"ff2\"><span class=\"fc7 sc0\"> </span></span>- Diritti di concessione, licenze e marchi 4-<span class=\"ls1\">18</span>-<span class=\"ls1\">30</span> - Altre attivit\u00e0 immateriali: 5-<span class=\"ls1\">22</span>       <span class=\"ls0\">Lista clienti </span>15<span class=\"ls0\">-</span>20<span class=\"ls0\"> </span>Attivit\u00e0 imma<span class=\"_ _0\"></span>teriali a vita ut<span class=\"_ _0\"></span>ile indefini<span class=\"_ _0\"></span>ta <span class=\"_ _1\"></span>e avviamento<span class=\"_ _0\"></span> Le <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _4\"></span>imma<span class=\"_ _0\"></span>teriali <span class=\"_ _1\"></span>aventi <span class=\"_ _1\"></span>vita <span class=\"_ _4\"></span>utile <span class=\"_ _1\"></span>indefinita <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>quelle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _4\"></span>per <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>quali, <span class=\"_ _1\"></span>sulla base <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>un\u2019analisi <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>tutti <span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>fattori <span class=\"_ _1\"></span>rilevanti, <span class=\"_ _4\"></span>non <span class=\"_ _1\"></span>c\u2019\u00e8 <span class=\"_ _1\"></span>un <span class=\"_ _4\"></span>prevedibile <span class=\"_ _1\"></span>limite <span class=\"_ _4\"></span>al <span class=\"_ _1\"></span>periodo <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _4\"></span>ci <span class=\"_ _1\"></span>si attende <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>genereran<span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>flussi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>cassa<span class=\"_ _0\"></span> in <span class=\"_ _3\"></span>entrata pe<span class=\"_ _0\"></span>r il <span class=\"_ _3\"></span>Gruppo. Le <span class=\"_ _3\"></span>Testate Edito<span class=\"_ _0\"></span>riali <span class=\"_ _0\"></span>sono considerate atti<span class=\"_ _0\"></span>vit\u00e0 a vita utile in<span class=\"_ _0\"></span>definita. Le <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _14\"> </span>immateriali <span class=\"_ _16\"> </span>a <span class=\"_ _14\"> </span>vita <span class=\"_ _14\"> </span>utile <span class=\"_ _b\"> </span>indefini<span class=\"_ _0\"></span>ta <span class=\"_ _14\"> </span>sono <span class=\"_ _14\"> </span>inizialmente <span class=\"_ _16\"> </span>rilevate <span class=\"_ _14\"> </span>al <span class=\"_ _14\"> </span>costo <span class=\"_ _14\"> </span>di acquisto, <span class=\"_ _a\"></span>deter<span class=\"_ _0\"></span>minato <span class=\"_ _5\"></span>secondo <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>stesse <span class=\"_ _a\"></span>modalit\u00e0 <span class=\"_ _5\"></span>indicate <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _5\"></span>immateriali <span class=\"_ _17\"></span>a <span class=\"_ _a\"></span>vita utile <span class=\"_ _1\"></span>definita, <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>ammortizzate, <span class=\"_ _1\"></span>bens\u00ec <span class=\"_ _1\"></span>soggette <span class=\"_ _1\"></span>annual<span class=\"_ _0\"></span>mente <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>pi\u00f9 <span class=\"_ _1\"></span>frequentemente<span class=\"_ _0\"></span>, se specifici even<span class=\"_ _0\"></span>ti indicano<span class=\"_ _0\"></span> la possibilit\u00e0 che<span class=\"_ _0\"></span> abbiano subito<span class=\"_ _0\"></span> una perdita di<span class=\"_ _0\"></span> valore, a verifiche<span class=\"_ _0\"></span> finalizzate <span class=\"_ _17\"></span>ad <span class=\"_ _17\"> </span>accertare <span class=\"_ _a\"></span>la <span class=\"_ _19\"> </span>recuperabilit\u00e0 <span class=\"_ _17\"></span>del <span class=\"_ _17\"></span>loro <span class=\"_ _17\"></span>valore <span class=\"_ _17\"></span>secondo <span class=\"_ _19\"> </span>le <span class=\"_ _17\"></span>modalit\u00e0 <span class=\"_ _17\"></span>previste <span class=\"_ _17\"></span>per l\u2019avviamento <span class=\"_\"> </span>descritte <span class=\"_\"> </span>nel <span class=\"_ _6\"> </span>seguito. <span class=\"_\"> </span>Le <span class=\"_ _6\"> </span>eventuali <span class=\"_\"> </span>svalutazioni <span class=\"_\"> </span>effettuate <span class=\"_\"> </span>sono <span class=\"_ _6\"> </span>ripristinate qualora <span class=\"_ _4\"></span>vengano <span class=\"_ _4\"></span>meno <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>motivi <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>hanno <span class=\"_ _5\"></span>generate<span class=\"_ _0\"></span>. <span class=\"_ _5\"></span>Nel <span class=\"_ _4\"></span>caso <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>acquisizione <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>societ\u00e0 controllate, <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>attivit\u00e0, <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>passivit\u00e0 <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>p<span class=\"_ _1\"></span>assivit\u00e0 <span class=\"_ _17\"></span>potenziali <span class=\"_ _17\"> </span>acquisite <span class=\"_ _19\"> </span>ed <span class=\"_ _19\"> </span>identificabili <span class=\"_ _17\"></span>sono rilevate al loro valore corrente (<span class=\"_ _1\"></span><span class=\"ff7\">fair value</span>) alla data di acquisizione. La differenza positiva tra il <span class=\"_ _5\"></span>costo <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>acquisto <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>quota <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>possesso <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>valore <span class=\"_ _a\"></span>corrente <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>tali <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _5\"></span>e passivit\u00e0 <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>classificata <span class=\"_ _19\"> </span>come <span class=\"_ _14\"> </span>avviamento<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>e <span class=\"_ _14\"> </span>iscritta <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>Bilancio <span class=\"_ _16\"> </span>come <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>immateriale.<span class=\"_ _0\"></span> L\u2019eventuale <span class=\"_ _3\"></span>differenza <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>gativa <span class=\"_ _0\"></span>(\u201cavvia<span class=\"_ _0\"></span>mento <span class=\"_ _3\"></span>negativo\u201d) <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _3\"></span>invece <span class=\"_ _0\"></span>rilevata <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Conto econo<span class=\"_ _0\"></span>mico al momento del<span class=\"_ _0\"></span>l\u2019acquisi<span class=\"_ _0\"></span>zione.<span class=\"ff2\"> </span>Dopo <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>rilevazione <span class=\"_ _5\"></span>iniziale, <span class=\"_ _5\"></span>l\u2019avviamento <span class=\"_ _5\"></span><span class=\"ff2\">non <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _4\"></span>ammortizzato, <span class=\"_ _5\"></span>ma <span class=\"_ _5\"></span>viene <span class=\"_ _5\"></span>sottoposto </span>annualmente, <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>pi\u00f9 <span class=\"_ _4\"></span>frequentemente <span class=\"_ _4\"></span>se <span class=\"_ _4\"></span>specifici <span class=\"_ _1\"></span>eventi <span class=\"_ _4\"></span>indicano <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>possibilit\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>aver <span class=\"_ _5\"></span>subito una <span class=\"_ _1\"></span>perdita <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>valore, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>verifiche <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>determina<span class=\"_ _0\"></span>re <span class=\"_ _1\"></span>l\u2019esistenza <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>eventuali <span class=\"_ _1\"></span>riduzioni <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>valore. Le eventuali <span class=\"_ _1\"></span>svalutazioni effettuate non <span class=\"_ _1\"></span>sono r<span class=\"_ _1\"></span>ipristinate qualora vengano meno <span class=\"_ _1\"></span>i motivi <span class=\"_ _1\"></span>che le hanno genera<span class=\"_ _0\"></span>te. Immobili, imp<span class=\"_ _0\"></span>ianti e macchinari Gli <span class=\"_\"> </span>i<span class=\"_ _0\"></span>mmobili, <span class=\"_ _b\"> </span>impianti <span class=\"_ _b\"> </span>e<span class=\"_ _0\"></span> <span class=\"_\"> </span>ma<span class=\"_ _0\"></span>cchinari <span class=\"_ _b\"> </span>sono <span class=\"_ _b\"> </span>rilevati <span class=\"_\"> </span>al<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>costo, <span class=\"_ _b\"> </span>comprensiv<span class=\"_ _0\"></span>o <span class=\"_\"> </span>de<span class=\"_ _0\"></span>i <span class=\"_\"> </span>c<span class=\"_ _0\"></span>osti accessori <span class=\"_ _1\"></span>direttamente <span class=\"_ _1\"></span>imputabili <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>necessari <span class=\"_ _4\"></span>all<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>mess<span class=\"ff6\">a <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>funzione <span class=\"_ _4\"></span>del <span class=\"_ _1\"></span>bene <span class=\"_ _4\"></span>per <span class=\"_ _1\"></span>l\u2019uso <span class=\"_ _4\"></span>per </span>cui \u00e8 sta<span class=\"_ _0\"></span>to acquis<span class=\"_ _0\"></span>tato, in<span class=\"_ _0\"></span>crementato, i<span class=\"_ _0\"></span>n presenza<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di obbl<span class=\"_ _0\"></span>igazioni <span class=\"_ _0\"></span>attuali, del <span class=\"_ _0\"></span>valore a<span class=\"_ _0\"></span>ttuale del costo stimato pe<span class=\"_ _0\"></span>r lo smantellamento<span class=\"_ _0\"></span> e la rimozion<span class=\"_ _0\"></span>e dell\u2019attivi<span class=\"_ _0\"></span>t\u00e0. <span class=\"ff2\"> </span>Gli oneri finanziari che <span class=\"_ _1\"></span>sono direttamente imputa<span class=\"_ _0\"></span>bili <span class=\"ff6\">al<span class=\"_ _1\"></span>l\u2019acquisi<span class=\"_ _0\"></span>zione, alla costr<span class=\"_ _1\"></span>uzione </span>o alla produzione di un<span class=\"_ _0\"></span> bene, sono<span class=\"_ _0\"></span> capitalizzati come pa<span class=\"_ _0\"></span>rte del cos<span class=\"_ _0\"></span>to del bene stesso <span class=\"_ _0\"></span>fino al momento in cui il<span class=\"_ _0\"></span> bene \u00e8 pronto<span class=\"_ _0\"></span> per l\u2019uso previs<span class=\"_ _0\"></span>to o la vendita<span class=\"_ _0\"></span>.<span class=\"ff2\"> </span>Gli <span class=\"_ _4\"></span>oneri <span class=\"_ _1\"></span>sostenuti <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>manutenzi<span class=\"_ _0\"></span>oni <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>riparazion<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>ura<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>ordinaria <span class=\"_ _1\"></span>e/o <span class=\"_ _4\"></span>ciclica sono <span class=\"_ _b\"> </span>direttamen<span class=\"_ _0\"></span>te <span class=\"_\"> </span>i<span class=\"_ _0\"></span>mputati <span class=\"_ _14\"> </span>al <span class=\"_\"> </span>Cont<span class=\"_ _0\"></span>o <span class=\"_ _b\"> </span>economi<span class=\"_ _0\"></span>co <span class=\"_ _b\"> </span>dell<span class=\"_ _0\"></span>\u2019esercizio <span class=\"_ _14\"> </span>in <span class=\"_\"> </span>cui <span class=\"_ _14\"> </span>sono <span class=\"_\"> </span>sostenu<span class=\"_ _0\"></span>ti. <span class=\"_\"> </span>La<span class=\"_ _0\"></span> capitalizzazion<span class=\"_ _0\"></span>e dei costi inerenti l\u2019ampliamen<span class=\"_ _0\"></span>to, l\u2019ammodernamen<span class=\"_ _0\"></span>to o il miglior<span class=\"ff2\">ament<span class=\"_ _1\"></span>o degli<span class=\"_ _0\"></span> </span>elementi <span class=\"_ _1\"></span>strutturali <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>propriet\u00e0 <span class=\"_ _4\"></span>o <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>uso <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>terzi, <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>effettuata <span class=\"_ _1\"></span>esclusivamente <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>limiti <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>cui gli <span class=\"_ _0\"></span>stessi ri<span class=\"_ _0\"></span>spondano <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>requi<span class=\"_ _0\"></span>siti <span class=\"_ _0\"></span>per esse<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>separatamen<span class=\"_ _0\"></span>te cl<span class=\"_ _0\"></span>assificati <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> una attivit\u00e0 applican<span class=\"_ _0\"></span>do il criterio del<span class=\"_ _0\"></span> <span class=\"ff7\">component a<span class=\"_ _0\"></span>pproach<span class=\"ff2\">. </span></span>Gli <span class=\"_ _a\"></span>immobili<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>impianti <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>macchinari <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>espo<span class=\"_ _0\"></span>sti <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>netto <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>rela<span class=\"_ _0\"></span>tivi <span class=\"_ _a\"></span>ammortamen<span class=\"_ _0\"></span>ti accumulati <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>eventual<span class=\"_ _0\"></span>i <span class=\"_ _a\"></span>perdite <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>valore <span class=\"_ _a\"></span>deter<span class=\"_ _0\"></span>minate <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>base <span class=\"_ _a\"></span>alle <span class=\"_ _a\"></span>modal<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _a\"></span>descritte <span class=\"_ _a\"></span>nel<span class=\"_ _0\"></span> seguito. L'a<span class=\"_ _0\"></span>mmortamen<span class=\"_ _0\"></span>to \u00e8 <span class=\"_ _0\"></span>calcolato<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> quo<span class=\"_ _0\"></span>te co<span class=\"_ _0\"></span>stanti i<span class=\"_ _0\"></span>n ba<span class=\"_ _0\"></span>se al<span class=\"_ _0\"></span>la vita<span class=\"_ _0\"></span> utile <span class=\"_ _0\"></span>stimata<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>bene<span class=\"_ _0\"></span> per l\u2019impresa, che \u00e8 riesaminata con periodicit\u00e0 annua<span class=\"_ _0\"></span>le ed eventuali cambiamenti, laddove necessari, sono apportati con applicazione <span class=\"_ _1\"></span>prosp<span class=\"_ _0\"></span>ettica. Le cave <span class=\"_ _1\"></span>sono ammortizzate<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>base ai <span class=\"_ _18\"> </span>quantitativi <span class=\"_ _1e\"> </span>estrat<span class=\"_ _0\"></span>ti <span class=\"_ _1e\"> </span>nel <span class=\"_ _18\"> </span>periodo <span class=\"_ _1e\"> </span>in <span class=\"_ _18\"> </span>relazione <span class=\"_ _18\"> </span>alla <span class=\"_ _1e\"> </span>quantit\u00e0 <span class=\"_ _18\"> </span>estraibile <span class=\"_ _18\"> </span>nel <span class=\"_ _1e\"> </span>periodo<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>di<span class=\"_ _0\"></span> sfruttamento <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>cava <span class=\"_ _3\"></span>(criterio <span class=\"_ _3\"></span>scavato/scavabil<span class=\"_ _0\"></span>e). <span class=\"_ _3\"></span>I<span class=\"_ _1\"></span>n <span class=\"_ _3\"></span>presenza <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>un\u2019obbligazione <span class=\"_ _3\"></span>specifica<span class=\"_ _0\"></span>, viene iscri<span class=\"_ _0\"></span>tto un appo<span class=\"_ _0\"></span>sito fondo <span class=\"_ _0\"></span>nel passi<span class=\"_ _0\"></span>vo al fine<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span> ripristino ambien<span class=\"_ _0\"></span>tale de<span class=\"_ _0\"></span>i siti og<span class=\"_ _0\"></span>getto di sfruttamento. La <span class=\"ls0\">vita utile stimata<span class=\"_ _0\"></span> dei principa<span class=\"_ _0\"></span>li immobili<span class=\"_ _0\"></span>, impianti e macchina<span class=\"_ _0\"></span>ri \u00e8 la segue<span class=\"_ _0\"></span>nte: </span>Vita utile dell\u2019att<span class=\"_ _0\"></span>ivit\u00e0 mate<span class=\"_ _0\"></span>riale<span class=\"ff1\"> </span>Cave Scavato/scavab<span class=\"_ _0\"></span>ile Fabbricati destinati<span class=\"_ _0\"></span> all\u2019industria<span class=\"ff2\"> </span>18 <span class=\"ls0\">-30 anni </span>Fabbricati 33 anni Impianti antiinquina<span class=\"_ _0\"></span>mento 7 anni Impianti di prod<span class=\"_ _0\"></span>uzione  10<span class=\"ls0\">-20 anni </span>Impianti generic<span class=\"_ _0\"></span>i  8-10 anni Impianti specifi<span class=\"_ _0\"></span>ci 6-8 anni Attrezzature 2,5-4 anni Mobili e macch<span class=\"_ _0\"></span>ine d\u2019ufficio<span class=\"ff2\"> </span>8 anni Autoveicoli da <span class=\"_ _0\"></span>trasporto 4-5 anniMacchine elettroni<span class=\"_ _0\"></span>che 5 anni Escavatori, me<span class=\"_ _0\"></span>zzi operativi, auto<span class=\"_ _0\"></span>veicoli da tra<span class=\"_ _0\"></span>sporto 5 anni Costruzioni legger<span class=\"_ _0\"></span>e 8-10 anni Casseformi metall<span class=\"_ _0\"></span>iche 4 anni Rotative da sta<span class=\"_ _0\"></span>mpa 15 anni Si <span class=\"_ _5\"></span>precisa <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>intervalli<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sopra <span class=\"_ _5\"></span>riportati, <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>identificano <span class=\"_ _4\"></span>i <span class=\"_ _a\"></span>limi<span class=\"_ _0\"></span>ti <span class=\"_ _4\"></span>minimi <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>massimi,<span class=\"_ _0\"></span> riflettono <span class=\"_ _3\"></span>la p<span class=\"_ _0\"></span>resenza <span class=\"_ _3\"></span>nella ste<span class=\"_ _0\"></span>ssa <span class=\"_ _3\"></span>categoria <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>cespiti, <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>componenti <span class=\"_ _3\"></span>caratterizzati <span class=\"_ _0\"></span>da<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>vite <span class=\"_ _3\"></span>utili diverse. I <span class=\"_ _1\"></span>terreni, <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>liberi <span class=\"_ _1\"></span>da costruzione <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>annessi <span class=\"_ _1\"></span>a f<span class=\"_ _1\"></span>abbricati civili <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>industriali, <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>sono ammortizzati in quan<span class=\"_ _0\"></span>to elementi<span class=\"_ _0\"></span> a vita utile il<span class=\"_ _0\"></span>limitata. Qualora <span class=\"_ _23\"> </span>il <span class=\"_ _8\"> </span>bene <span class=\"_ _23\"> </span>oggetto <span class=\"_ _23\"> </span>di <span class=\"_ _8\"> </span>ammortamento <span class=\"_ _23\"> </span>sia <span class=\"_ _23\"> </span>composto <span class=\"_ _23\"> </span>da <span class=\"_ _8\"> </span>elementi <span class=\"_ _23\"> </span>distintamente<span class=\"_ _0\"></span> identificabili<span class=\"_ _0\"></span> <span class=\"_\"> </span>la <span class=\"_\"> </span>cui <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>differisce <span class=\"_\"> </span>significa<span class=\"_ _0\"></span>tivamente <span class=\"_\"> </span>da <span class=\"_\"> </span>quell<span class=\"_ _0\"></span>a <span class=\"_\"> </span>delle <span class=\"_\"> </span>altre <span class=\"_\"> </span>parti <span class=\"_\"> </span>che<span class=\"_ _0\"></span> compongono <span class=\"_ _4\"></span>l\u2019attivit\u00e0, <span class=\"_ _5\"></span>l\u2019ammortament<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>effettuato <span class=\"_ _4\"></span>separatamente <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>ciascuna <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>parti che compongono il<span class=\"_ _0\"></span> bene in appli<span class=\"_ _0\"></span>cazione del princ<span class=\"_ _0\"></span>ipio del <span class=\"ff7\">component appr<span class=\"_ _0\"></span>oach<span class=\"ff2\">. </span></span>Al <span class=\"_ _5\"></span>m<span class=\"_ _1\"></span>omento <span class=\"_ _5\"></span>della <span class=\"_ _a\"></span>vendit<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>o <span class=\"_ _5\"></span>quando <span class=\"_ _a\"></span>non <span class=\"_ _5\"></span>sussistono <span class=\"_ _5\"></span>benefici <span class=\"_ _a\"></span>econo<span class=\"_ _0\"></span>mici <span class=\"_ _a\"></span>futuri <span class=\"_ _5\"></span>attesi dall'uso <span class=\"_ _3\"></span>di una <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _0\"></span>materiale, <span class=\"_ _3\"></span>essa viene <span class=\"_ _3\"></span>eliminata <span class=\"_ _3\"></span>dal Bi<span class=\"_ _0\"></span>lancio <span class=\"_ _3\"></span>e l'eventuale <span class=\"_ _3\"></span>perdita o <span class=\"_ _3\"></span>utile (calcolata come differenz<span class=\"_ _0\"></span>a tra <span class=\"_ _1\"></span>il valore di cessione ed il relativo valore net<span class=\"_ _1\"></span>to contabile) viene rilevata a conto econo<span class=\"_ _0\"></span>mico nell'anno<span class=\"_ _0\"></span> della suddet<span class=\"_ _0\"></span>ta eliminazione. Leasing<span class=\"fc5\">  </span>Lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>io Ind<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sing<span class=\"_ _0\"></span> Al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>data<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>de<span class=\"_ _0\"></span>l <span class=\"_ _5\"></span>cont<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>(<span class=\"ff7\">ince<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>da<span class=\"_ _0\"></span>te<span class=\"ff2\">, <span class=\"_ _5\"></span>an<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ore<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>tra<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>quel<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>sti<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>e </span></span>qu<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>parti<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>imp<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>ris<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>tta<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>term<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ttu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i)<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>suc<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e, <span class=\"_ _4\"></span>ad og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>cont<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>socie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>se <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>e o <span class=\"_ _5\"></span>rapp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">leas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\">. <span class=\"_ _5\"></span>In <span class=\"_ _5\"></span>parti<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>cont<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ra<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>se<span class=\"_ _3\"></span> </span></span></span></span>tra<span class=\"_ _0\"></span>sfe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>e <span class=\"_ _17\"> </span>il <span class=\"_ _17\"> </span>dir<span class=\"_ _0\"></span>itt<span class=\"_ _0\"></span>o <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>contr<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>l\u2019u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>liz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>un<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>bene<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>iden<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>, <span class=\"_ _17\"> </span>per <span class=\"_ _17\"> </span>un <span class=\"_ _17\"> </span>per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>temp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> sta<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>to,<span class=\"_ _0\"></span> in ca<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> di un<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _0\"></span>rri<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> Per va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span> un contr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> o rapp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span> un le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span>: \u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span></span>va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>se<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>risp<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>to <span class=\"_ _5\"></span>al<span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ide<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>deti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>diri<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>otte<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sosta<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> tut<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> il<span class=\"_ _0\"></span> su<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>o l<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>go<span class=\"_ _0\"></span> tu<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>l p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i ut<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>zzo<span class=\"_ _0\"></span>; \u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span></span>ve<span class=\"_ _0\"></span>rif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a se <span class=\"_ _1\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>si rife<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>al<span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zzo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di una<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a, espl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cita<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>o imp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>, <span class=\"_ _14\"> </span>fisi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>dist<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>o <span class=\"_ _14\"> </span>rap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>sos<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>tutt<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>la <span class=\"_ _14\"> </span>cap<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span>'at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fis<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>a. <span class=\"_ _3\"></span>Se<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>forn<span class=\"_ _0\"></span>ito<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>dir<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>sos<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>sos<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tuzi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>l'att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>non<span class=\"_ _0\"></span> \u00e8 i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span>; \u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span>ve<span class=\"_ _0\"></span>rif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ha<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>to <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>diri<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>l'uti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>'a<span class=\"_ _0\"></span>ttiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0. <span class=\"_ _a\"></span>L<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _a\"></span>ri<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>god<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>d<span class=\"_ _0\"></span>i </span>qu<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>diri<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deci<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>no <span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pi\u00f9<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rile<span class=\"_ _0\"></span>van<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>camb<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>are la<span class=\"ls0\"> mo<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> e <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> fi<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>di u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zzo<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> st<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>. </span>Pe<span class=\"_ _0\"></span>r <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>contr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ti <span class=\"_ _4\"></span>con<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>pi<span class=\"_ _0\"></span>\u00f9 <span class=\"_ _4\"></span>com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>na<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span><span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span></span>leas<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\">, <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>qui<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>rien<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i </span></span>so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>al<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>pri<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>conta<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>, <span class=\"_ _14\"> </span>oc<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>re <span class=\"_ _16\"> </span>le <span class=\"_ _14\"> </span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>compo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti <span class=\"_ _16\"> </span>alle <span class=\"_ _16\"> </span>qual<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>appl<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>i ris<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tabi<span class=\"_ _3\"></span>li. La<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dura<span class=\"_ _0\"></span>ta <span class=\"_ _16\"> </span>de<span class=\"_ _0\"></span>l <span class=\"_ _16\"> </span>lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _16\"> </span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>qua<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>loc<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>mette<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>ben<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>rio </span>(<span class=\"ff7\">co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span><span class=\"ff2\">) <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ann<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>contr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o, </span></span>ci<span class=\"_ _0\"></span>o\u00e8<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>peri<span class=\"_ _0\"></span>odo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>part<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>hann<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>diri<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>degli<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ob<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>lega<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ese<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi (<span class=\"ff7\">en<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"ff2\">) e<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span> <span class=\"ff7\">re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t-fr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span><span class=\"ff2\">. A<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>a s<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>: </span></span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span>\u2019op<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(\u201co<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>rog<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>\u201d <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span><span class=\"ff7\">rene<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> </span>op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"ff2\">)<span class=\"_ _0\"></span>, q<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> \u00e8<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> ce<span class=\"_ _0\"></span>rta<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i e<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> ta<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span>pz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne;<span class=\"_ _0\"></span>  </span>\u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span></span>i <span class=\"_ _14\"> </span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>su<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>all<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>da<span class=\"_ _0\"></span>ta <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>ris<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>uz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne <span class=\"_ _16\"> </span>(\u201copz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>risol<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>\u201d <span class=\"_ _14\"> </span>o <span class=\"_ _b\"> </span><span class=\"ff7\">te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </span>op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"ff2\">)<span class=\"_ _0\"></span>, q<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> \u00e8<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> ta<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>pz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>. </span>Le<span class=\"_ _0\"></span> op<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _3\"></span> di r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>o d<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>oca<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>e n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>o c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>.  La<span class=\"_ _0\"></span> ragi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>le ce<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>a di<span class=\"_ _0\"></span> ese<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> o men<span class=\"_ _0\"></span>o un<span class=\"_ _0\"></span>\u2019o<span class=\"_ _0\"></span>pz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> di pr<span class=\"_ _0\"></span>oro<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span> o ris<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>uzi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ta da<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o <span class=\"_ _14\"> </span>\u00e8 <span class=\"_ _14\"> </span>ve<span class=\"_ _0\"></span>rif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>da<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>soc<span class=\"_ _0\"></span>iet<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _14\"> </span>all<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>data<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>deco<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>, <span class=\"_ _14\"> </span>con<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>tutti<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>i <span class=\"_ _14\"> </span>fat<span class=\"_ _0\"></span>ti <span class=\"_ _16\"> </span>e <span class=\"_ _14\"> </span>le ci<span class=\"_ _0\"></span>rco<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ze<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>che <span class=\"_ _17\"> </span>gene<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>no <span class=\"_ _17\"> </span>un <span class=\"_ _19\"> </span>inc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"ff6\">v<span class=\"_ _0\"></span>o <span class=\"_ _19\"> </span>eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>co <span class=\"_ _17\"> </span>all<span class=\"_ _0\"></span>\u2019es<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>meno<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>del<span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>, <span class=\"_ _19\"> </span>ed <span class=\"_ _17\"> </span>\u00e8 </span>su<span class=\"_ _0\"></span>cce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _17\"> </span>rive<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>ogn<span class=\"_ _0\"></span>i <span class=\"_ _17\"> </span>qual<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>si<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>pres<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>eve<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>sig<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>camb<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nti<span class=\"_ _3\"></span> ne<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>circ<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ze<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>che <span class=\"_ _2b\"></span>pot<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>bb<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>inci<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _2b\"></span>sua<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _2b\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>sono <span class=\"_ _2b\"></span>sot<span class=\"_ _0\"></span>to <span class=\"_ _2b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>contr<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>lo de<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t<span class=\"lsd\">\u00e0.</span> Co<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"ff7\">l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> </span></span>Al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>dec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff6\">, <span class=\"_ _3\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>socie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rileva<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l\u2019a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>diri<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>util<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(<span class=\"ff7\">R<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>Use<span class=\"_ _0\"></span> </span></span></span>o R<span class=\"_ _0\"></span>oU<span class=\"_ _0\"></span><span class=\"ff2\">) <span class=\"_ _0\"></span>e l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> (<span class=\"ff7\">l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty<span class=\"_ _0\"></span><span class=\"ff2 lsc\">).<span class=\"ls0\"> </span></span></span></span></span></span>L\u2019<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _a\"></span>consi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>dir<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>to <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>util<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo <span class=\"_ _a\"></span>vien<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>inizi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>valu<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>costo<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>compr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'im<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>val<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>pa<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>retti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>pa<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dov<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span> </span></span>pe<span class=\"_ _0\"></span>r il<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> e<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>ttu<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i al<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>di d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>orr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>to d<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span> </span></span>in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>sost<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>cost<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>che <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oca<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>vr<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>sost<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o e l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>moz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>l r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> si<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> cu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> \u00e8 ub<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> ne<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span> al<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> ri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>evu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>.  </span></span>La<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"ff7\">l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"ff2\"> <span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> al<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>vu<span class=\"_ _0\"></span>ti p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> il<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </span></span>ve<span class=\"_ _0\"></span>rsa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>deco<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nza<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Ai <span class=\"_ _3\"></span>fini<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ll\u2019<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zaz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>poss<span class=\"_ _0\"></span>ibi<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ev<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>da<span class=\"_ _0\"></span>l con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>, il tass<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> impl<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>to del<span class=\"_ _0\"></span> <span class=\"_ _1\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff2\"> o, in alte<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>a,<span class=\"_ _0\"></span> il tass<span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> </span></span>fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>marg<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>(<span class=\"ff7\">in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>bor<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>rate <span class=\"_ _1\"></span>- <span class=\"_ _1\"></span>IBR<span class=\"_ _0\"></span><span class=\"ff2\">).<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>pag<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i dov<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _1\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _1\"></span><span class=\"ff7\">leasi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"ff2\"> </span></span></span></span>in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>nel<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>val<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>de<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>pa<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _4\"></span>comp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>pag<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>fissi<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>paga<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>vari<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili ch<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>da<span class=\"_ _0\"></span> u<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>indic<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>tas<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>pagar<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> g<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>zia su<span class=\"_ _0\"></span>l <span class=\"_ _14\"> </span>va<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>resi<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>pr<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>un\u2019o<span class=\"_ _0\"></span>pz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>acqui<span class=\"_ _3\"></span>sto <span class=\"_ _14\"> </span>(ch<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>la<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>ha <span class=\"_ _14\"> </span>la<span class=\"_ _0\"></span> rag<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span> cert<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span> di ese<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>re)<span class=\"_ _0\"></span>, i pa<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> dovu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> in un<span class=\"_ _0\"></span> perio<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>o di rinn<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>o fac<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>o (s<span class=\"_ _0\"></span>e la<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>soci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _14\"> </span>ha <span class=\"_ _b\"> </span><span class=\"ff6\">l<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>ragi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>evo<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>certe<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>ese<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>re <span class=\"_ _14\"> </span>l\u2019<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di <span class=\"_ _b\"> </span>ri<span class=\"_ _0\"></span>nno<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>) <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>penal<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _14\"> </span>di </span>ris<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>anti<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(a <span class=\"_ _3\"></span>meno<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>abb<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>ra<span class=\"_ _0\"></span>gio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cert<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>ris<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>re an<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>tam<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"ff2 lsc\">).<span class=\"_ _0\"></span><span class=\"ls0\"> </span></span></span>Su<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>, <span class=\"_ _17\"> </span>l\u2019at<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>per <span class=\"_ _17\"> </span>il <span class=\"_ _17\"> </span>dir<span class=\"_ _0\"></span>itt<span class=\"_ _0\"></span>o <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>util<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"ff2\">o <span class=\"_ _17\"> </span>vien<span class=\"_ _0\"></span>e <span class=\"_ _17\"></span>ammo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a <span class=\"_ _17\"> </span>a <span class=\"_ _19\"> </span>qu<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e <span class=\"_ _17\"> </span>cost<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>per<span class=\"_ _0\"></span> </span>l\u2019i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>du<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>a del contr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o, a <span class=\"_ _1\"></span>meno<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>stes<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>non<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pre<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il t<span class=\"_ _1\"></span>ras<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> pro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>ov<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ro <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>costo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span><span class=\"ff7\">le<span class=\"_ _0\"></span>asi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>ri<span class=\"_ _0\"></span>flet<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>fatto<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>il </span></span></span></span>lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>ese<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span><span class=\"ff6\">r\u00e0<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>l\u2019op<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>acq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>to.<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>In <span class=\"_ _14\"> </span>tal<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>ul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>fatti<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>l\u2019<span class=\"_ _0\"></span>amm<span class=\"_ _0\"></span>ort<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to <span class=\"_ _14\"> </span>do<span class=\"_ _0\"></span>vr<span class=\"_ _0\"></span>\u00e0 </span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>re il <span class=\"_ _1\"></span>pi<span class=\"_ _0\"></span>\u00f9 brev<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>tra<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la vita<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>uti<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>ne e <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>dura<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Le vite<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>uti<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>sti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span>le att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>l d<span class=\"_ _0\"></span>iri<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> ut<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>zzo<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>lc<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ndo i<span class=\"_ _0\"></span>l m<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>imo<span class=\"_ _0\"></span> cr<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>o app<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> all<span class=\"_ _0\"></span>e vo<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> imm<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>zza<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>rifer<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to.<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>Inol<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>, <span class=\"_ _17\"></span>l'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>pe<span class=\"_ _0\"></span>r <span class=\"_ _17\"> </span>il <span class=\"_ _17\"></span>dir<span class=\"_ _0\"></span>itt<span class=\"_ _0\"></span>o <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>uti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>o <span class=\"_ _17\"></span>vien<span class=\"_ _0\"></span>e <span class=\"_ _17\"></span>dim<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>e ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span> <span class=\"_\"> </span>per<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_\"> </span>per <span class=\"_\"> </span>rid<span class=\"_ _0\"></span>uz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_\"> </span>di <span class=\"_\"> </span>val<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>re <span class=\"_\"> </span>(<span class=\"ff7\">imp<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>rmen<span class=\"_ _0\"></span>t<span class=\"ff2\">)<span class=\"_ _0\"></span> <span class=\"_\"> </span>e <span class=\"_\"> </span>retti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_\"> </span>al <span class=\"_\"> </span>fin<span class=\"_ _0\"></span>e <span class=\"_\"> </span>di<span class=\"_ _0\"></span> <span class=\"_\"> </span>rifl<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e <span class=\"_\"> </span>le<span class=\"_ _0\"></span> </span></span>rim<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vit\u00e0<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\">. </span></span>La<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _4\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>suc<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>alla<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>taz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>deco<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>\u00e8 </span></span>va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>cos<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>ammor<span class=\"_ _0\"></span>tiz<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>uti<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zan<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>cri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>dell<span class=\"_ _0\"></span>\u2019in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>effet<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _4\"></span>rimi<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>mod<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>futur<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>pa<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>dov<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span><span class=\"ff7\">leas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _3\"></span>der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>vari<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'in<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ce </span></span>o <span class=\"_ _a\"></span>tas<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>caso<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>mod<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'i<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>rto<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>prev<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>dov<span class=\"_ _0\"></span>er <span class=\"_ _a\"></span>p<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>tito<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span> ga<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sul<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>valo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>res<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>qua<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>soci<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _4\"></span>modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>sua<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>valu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>rife<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> al<span class=\"_ _0\"></span>l'<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>o o <span class=\"_ _1\"></span>meno<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di un'opz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>ac<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>to,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pro<span class=\"_ _0\"></span>rog<span class=\"_ _0\"></span>a o <span class=\"_ _1\"></span>riso<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>uzi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e. Quan<span class=\"_ _0\"></span>do la <span class=\"_ _1\"></span>pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 del le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> vien<span class=\"_ _0\"></span>e rim<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>, il loca<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span> proc<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>e ad una cor<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span> modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca del<span class=\"_ _0\"></span>l'<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> per il<span class=\"_ _0\"></span> </span>di<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>tili<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>o. <span class=\"_ _5\"></span>Se <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>val<span class=\"_ _3\"></span>ore <span class=\"_ _5\"></span>cont<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>dirit<span class=\"_ _0\"></span>to <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>rido<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ze<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>l<span class=\"_ _0\"></span>a mod<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> nel<span class=\"_ _3\"></span>l'uti<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>/(p<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ta)<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l\u2019e<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>o.<span class=\"ff2\"> </span>Ne<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>situ<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e-fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ziar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>, l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e l<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tto<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> util<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>tra<span class=\"_ _0\"></span> le immo<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zza<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span>, nel<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a stes<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>vo<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> nel<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> qual<span class=\"_ _0\"></span>e sar<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>ro <span class=\"_ _1\"></span>esp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span> tali<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0,<span class=\"_ _0\"></span> se<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0;<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e l<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>pas<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>pas<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fina<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>A <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span> gl<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>pas<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>sull<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>pas<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _14\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>leasi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _b\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sco<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _14\"> </span>una<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>deg<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ri <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sti<span class=\"_ _3\"></span> se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> q<span class=\"_ _0\"></span>uo<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>ammo<span class=\"_ _0\"></span>rta<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tto<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> ut<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span>. Lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>e Ind<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sing<span class=\"_ _0\"></span> Al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>da<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>iniz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>e, <span class=\"_ _16\"> </span>suc<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>ad <span class=\"_ _16\"> </span>ogn<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>mod<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>dei<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>termi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>dell<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i <span class=\"_\"> </span>c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ttu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i,<span class=\"_ _0\"></span> <span class=\"_\"> </span>la <span class=\"_\"> </span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> <span class=\"_\"> </span>cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca <span class=\"_\"> </span>og<span class=\"_ _0\"></span>nun<span class=\"_ _0\"></span>o <span class=\"_\"> </span>d<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span> <span class=\"_\"> </span>sui<span class=\"_ _0\"></span> <span class=\"_\"> </span><span class=\"ff7\">leasi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_\"> </span><span class=\"ff6\">\u201cat<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>\u201d <span class=\"_\"> </span>co<span class=\"_ _0\"></span>me <span class=\"_\"> </span><span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> </span></span></span></span></span>fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>o <span class=\"_ _19\"> </span>lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _16\"> </span>op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>A <span class=\"_ _19\"> </span>tal<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>fine<span class=\"_ _0\"></span>, <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>line<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>gene<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>se<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span><span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> </span></span></span>tra<span class=\"_ _0\"></span>sfe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>sos<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lmen<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>tutti<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>risc<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>e <span class=\"_ _18\"> </span>i <span class=\"_ _15\"> </span>bene<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>i <span class=\"_ _15\"> </span>co<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>i <span class=\"_ _15\"> </span>alla<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>propr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _15\"> </span>de<span class=\"_ _0\"></span>ll'<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>In<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>tal <span class=\"_ _5\"></span>caso<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>clas<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>qu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>fina<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>zia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>o, <span class=\"_ _5\"></span>altr<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>qua<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>o. </span></span>Ne<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'am<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>val<span class=\"_ _3\"></span>utazi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a s<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a t<span class=\"_ _0\"></span>ra <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>i,<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>e l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> </span></span>co<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span> la<span class=\"_ _0\"></span> mag<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r pa<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> vit<span class=\"_ _0\"></span>a e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>'at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te e<span class=\"_ _0\"></span>/o<span class=\"_ _0\"></span> la<span class=\"_ _0\"></span> pre<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a o<span class=\"_ _0\"></span> men<span class=\"_ _0\"></span>o d<span class=\"_ _0\"></span>i op<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nev<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> es<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>i.<span class=\"_ _0\"></span>  Pe<span class=\"_ _0\"></span>r <span class=\"_ _17\"> </span>i <span class=\"_ _19\"> </span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>cont<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti <span class=\"_ _17\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _17\"> </span>leas<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>e <span class=\"_ _19\"> </span>una<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>o <span class=\"_ _17\"> </span>pi\u00f9<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span><span class=\"ff7\">lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _17\"> </span>e <span class=\"_ _19\"> </span>non </span></span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\">, l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>isc<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>rri<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>l'I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>15. </span>Co<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g In <span class=\"_ _23\"> </span>cas<span class=\"_ _0\"></span>o <span class=\"_ _23\"> </span>di <span class=\"_ _23\"> </span>leasi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _8\"> </span>finan<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _8\"> </span>la <span class=\"_ _23\"> </span>soci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _23\"> </span>rilev<span class=\"_ _0\"></span>a <span class=\"_ _23\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>pro<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>to <span class=\"_ _23\"> </span>dell<span class=\"_ _0\"></span>a <span class=\"_ _23\"> </span>situ<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne </span>pa<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span><span class=\"ff6\">fina<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>l\u2019att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>qual<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>cred<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>to <span class=\"_ _5\"></span>ad <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>val<span class=\"_ _0\"></span>ore<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ugua<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>all\u2019i<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>nett<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>nel<span class=\"_ _0\"></span> </span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff6\">. <span class=\"_ _a\"></span>Pe<span class=\"_ _0\"></span>r <span class=\"_ _a\"></span>va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>l\u2019<span class=\"_ _0\"></span>inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>net<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ric<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>re <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _a\"></span>ta<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span> </span></span></span>imp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span><span class=\"ff7\">leasi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff6\">, <span class=\"_ _2b\"></span>defi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ito<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _2b\"></span>modo<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>tale<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>da <span class=\"_ _2b\"></span>rico<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e <span class=\"_ _2b\"></span>i <span class=\"_ _2b\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>dire<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>ini<span class=\"_ _0\"></span>zia<span class=\"_ _0\"></span>li.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>\u2019i<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to </span></span>ne<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> ne<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff6\">, l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> ap<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>rev<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l\u2019I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>9 in<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>one </span></span>co<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span>nam<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r r<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>uz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ore. I p<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span> ve<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> lu<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>o l<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ata <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l <span class=\"ff7\">l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> sul<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i u<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span> </span></span>si<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> In c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>o l<span class=\"_ _0\"></span>a s<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0 r<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>a i<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> ric<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>i co<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>pro<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span> </span></span>cri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>o a<span class=\"_ _0\"></span> q<span class=\"_ _0\"></span>uo<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>o l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l <span class=\"ff7\">l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff6\">, n<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a v<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>\u201c<span class=\"ff2\">Ri<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span><span class=\"ff6 lsc\">\u201d.<span class=\"ff2 ls0\"> </span></span></span></span></span>Su<span class=\"_ _0\"></span>b-l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>asi<span class=\"_ _0\"></span>ng Pe<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>qua<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rigu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i <span class=\"_ _0\"></span><span class=\"ff7\">sub-<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0, <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>qual<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>loca<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>dio<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca </span></span>la<span class=\"_ _0\"></span> sua quo<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ne<span class=\"_ _0\"></span>l <span class=\"ff7\">leas<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"ff2\"> pri<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e sep<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>da<span class=\"_ _0\"></span>l <span class=\"ff7\">sub-<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\">. A tal fin<span class=\"_ _3\"></span>e, <span class=\"_ _1\"></span>cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a il<span class=\"_ _0\"></span> <span class=\"_ _1\"></span><span class=\"ff7\">sub<span class=\"_ _0\"></span>-</span></span></span></span></span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _2b\"></span>con <span class=\"_ _2b\"></span>rif<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>all'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _2b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>to <span class=\"_ _2b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>izz<span class=\"_ _0\"></span>o <span class=\"_ _2b\"></span>deri<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te <span class=\"_ _2b\"></span>dal<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ff7\">le<span class=\"_ _0\"></span>asi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _2b\"></span>prin<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>pal<span class=\"_ _0\"></span>e,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pi<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span> </span></span></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>fa<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>ri<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>al<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>'at<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>ott<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. <span class=\"_ _a\"></span>S<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>pri<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ipa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _a\"></span><span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>breve<span class=\"_ _3\"></span> </span></span></span></span>ter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>che <span class=\"_ _17\"> </span>la <span class=\"_ _19\"> </span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>ha <span class=\"_ _19\"> </span>con<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zza<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>o <span class=\"_ _17\"> </span>l\u2019e<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>z<span class=\"ff2\">io<span class=\"_ _0\"></span>ne <span class=\"_ _19\"> </span>pre<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>dal<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>pri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>di </span>se<span class=\"_ _0\"></span>gu<span class=\"_ _0\"></span>ito<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>espo<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a, <span class=\"_ _2b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ff7\">su<span class=\"_ _0\"></span>b-l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"ff2\"> <span class=\"_ _2b\"></span>\u00e8 <span class=\"_ _2b\"></span>cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o <span class=\"_ _2b\"></span>come<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span><span class=\"ff7\">leas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _2b\"></span>ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>In<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>pres<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>a <span class=\"_ _2b\"></span>di <span class=\"_ _2b\"></span><span class=\"ff7\">sub-<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>asi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> </span></span></span></span></span></span>il <span class=\"ff7 ls0\">leas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> \u00e8 m<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>o d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ore<span class=\"_ _0\"></span>. </span></span>Investimenti i<span class=\"_ _0\"></span>mmobiliari Gli <span class=\"_ _3\"></span>immobili <span class=\"_ _3\"></span>posseduti <span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span><span class=\"ff6\">consegui<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>canoni <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>locazione <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>l\u2019appre<span class=\"_ _0\"></span>zzamento<span class=\"_ _0\"></span> </span>del <span class=\"_ _5\"></span>capitale <span class=\"_ _5\"></span>investito <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>entrambe <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>motivazioni <span class=\"_ _5\"></span>(diversi <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>quelli <span class=\"_ _4\"></span>destinati <span class=\"_ _5\"></span>all\u2019uso <span class=\"_ _5\"></span>nella produzione o nel<span class=\"_ _0\"></span>la fornitura di<span class=\"_ _0\"></span> beni o di <span class=\"_ _0\"></span>servizi o <span class=\"_ _0\"></span>nell\u2019ammini<span class=\"_ _0\"></span>strazione aziendal<span class=\"_ _0\"></span>e, iscritti nell<span class=\"_ _0\"></span>a voce <span class=\"_ _1e\"> </span>im<span class=\"_ _0\"></span>mobili, <span class=\"_ _18\"> </span>impianti <span class=\"_ _1e\"> </span>e <span class=\"_ _18\"> </span>macchinari, <span class=\"_ _18\"> </span>e <span class=\"_ _1e\"> </span>da <span class=\"_ _18\"> </span>quelli <span class=\"_ _18\"> </span>destinati <span class=\"_ _1e\"> </span>alla <span class=\"_ _18\"> </span>vendita <span class=\"_ _1e\"> </span>nel <span class=\"_ _1e\"> </span>normal<span class=\"_ _0\"></span>e svolgimento <span class=\"_ _19\"> </span>dell\u2019attivit\u00e0 <span class=\"_ _19\"> </span>imprenditorial<span class=\"_ _0\"></span>e<span class=\"ff2\">, <span class=\"_ _16\"> </span>che <span class=\"_ _16\"> </span>sono <span class=\"_ _19\"> </span>iscritti <span class=\"_ _19\"> </span>al <span class=\"_ _16\"> </span>costo <span class=\"_ _19\"> </span>tra <span class=\"_ _16\"> </span>le <span class=\"_ _19\"> </span>rimanenze) <span class=\"_ _16\"> </span>sono<span class=\"_ _0\"></span> </span>valutati <span class=\"_ _14\"> </span>al <span class=\"_ _16\"> </span>fair <span class=\"_ _14\"> </span>value <span class=\"_ _16\"> </span>e <span class=\"_ _14\"> </span>non <span class=\"_ _16\"> </span>assoggettati <span class=\"_ _14\"> </span>ad <span class=\"_ _16\"> </span>ammortamento; <span class=\"_ _16\"> </span>le <span class=\"_ _14\"> </span>variazio<span class=\"_ _0\"></span>ni <span class=\"_ _14\"> </span>di <span class=\"_ _16\"> </span>valore <span class=\"_ _14\"> </span>son<span class=\"_ _1\"></span><span class=\"lsd\">o </span>imputate a Con<span class=\"_ _0\"></span>to economico nell<span class=\"_ _0\"></span>a voce altri rica<span class=\"_ _0\"></span>vi e proventi. Il fair <span class=\"_ _0\"></span>value <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>dete<span class=\"_ _0\"></span>rminato <span class=\"_ _0\"></span>sulla <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>seguenti <span class=\"_ _0\"></span>metodol<span class=\"_ _0\"></span>ogie <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>funzione <span class=\"_ _0\"></span>della tipologia dell<span class=\"_ _0\"></span>\u2019investimento:<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff7 fc1\">market value approach<span class=\"ff6\">,<span class=\"_ _0\"></span> ossia sulla base del<span class=\"_ _0\"></span>l\u2019analisi di un campione di<span class=\"_ _0\"></span> tra<span class=\"ff2\">nsazioni di </span></span></span></span>vendita <span class=\"_ _4\"></span>recenti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>propriet\u00e0 <span class=\"_ _4\"></span>immobiliari <span class=\"_ _5\"></span>identiche<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>localizzate <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>prossimit\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>quelle oggetto <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>valutazione. <span class=\"_ _5\"></span>I<span class=\"_ _1\"></span>l <span class=\"_ _a\"></span>valore <span class=\"_ _a\"></span>cos\u00ec <span class=\"_ _a\"></span>determinato <span class=\"_ _a\"></span>viene <span class=\"_ _5\"></span>poi <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>ettificato <span class=\"_ _5\"></span>per <span class=\"_ _17\"></span>tener<span class=\"_ _0\"></span> conto delle <span class=\"_ _0\"></span>peculiarit\u00e0<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>l\u2019immobil<span class=\"_ _0\"></span>e o del<span class=\"_ _0\"></span> terreno <span class=\"ff2\">r<span class=\"_ _0\"></span>itenute non<span class=\"_ _0\"></span> significative<span class=\"_ _0\"></span> (li<span class=\"_ _0\"></span>vello 2);<span class=\"_ _0\"></span> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">proiezione <span class=\"_ _3\"></span>dei flussi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>inanziari <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ualizza<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>basati <span class=\"_ _3\"></span>su <span class=\"_ _0\"></span>stime <span class=\"_ _3\"></span>attendibili <span class=\"_ _3\"></span>di flussi <span class=\"_ _3\"></span>finanziari </span></span>futuri supportate da<span class=\"_ _0\"></span> canoni<span class=\"_ _0\"></span> di locazione e/o di<span class=\"_ _0\"></span> altri contratti esisten<span class=\"_ _0\"></span>ti. (livello 3). Perdite di valo<span class=\"_ _0\"></span>re Periodicamente <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span><span class=\"ff6\">verificata <span class=\"_ _4\"></span>l\u2019esi<span class=\"_ _0\"></span>stenza <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>eventi <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>cambiamenti <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>situazi<span class=\"_ _0\"></span>on<span class=\"ff2\">i <span class=\"_ _4\"></span>che </span></span>indichino <span class=\"_ _b\"> </span>che <span class=\"_ _b\"> </span>il <span class=\"_ _b\"> </span>valore <span class=\"_ _b\"> </span>di <span class=\"_ _b\"> </span>carico <span class=\"_\"> </span>de<span class=\"_ _0\"></span>lle <span class=\"_ _b\"> </span>attivit\u00e0 <span class=\"_ _b\"> </span>i<span class=\"_ _0\"></span>mmateriali <span class=\"_ _b\"> </span>e <span class=\"_ _b\"> </span>material<span class=\"_ _0\"></span>i <span class=\"_\"> </span>n<span class=\"_ _0\"></span>on <span class=\"_\"> </span>po<span class=\"_ _0\"></span>ssa <span class=\"_ _b\"> </span>essere recuperato. <span class=\"_ _4\"></span>Se <span class=\"_ _5\"></span>esiste <span class=\"_ _5\"></span>un'indicazi<span class=\"_ _0\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>questo <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ipo <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>procede <span class=\"_ _4\"></span>alla <span class=\"_ _5\"></span>determinazion<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>loro valore <span class=\"_ _1\"></span>recuperabile <span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>nel <span class=\"_ _1\"></span>caso <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>valore <span class=\"_ _4\"></span>netto <span class=\"_ _1\"></span>contabile <span class=\"_ _1\"></span>ecceda <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>valore <span class=\"_ _1\"></span>recuperabile, le <span class=\"_\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_\"> </span>son<span class=\"_ _0\"></span>o <span class=\"_\"> </span>svaluta<span class=\"_ _0\"></span>te <span class=\"_ _b\"> </span>fino <span class=\"_\"> </span>a <span class=\"_ _14\"> </span>riflettere <span class=\"_\"> </span>il <span class=\"_ _b\"> </span>loro <span class=\"_ _b\"> </span>valore <span class=\"_ _b\"> </span>recuperabil<span class=\"_ _0\"></span>e. <span class=\"_\"> </span>R<span class=\"_ _0\"></span>elativamente <span class=\"_ _b\"> </span>agli avviamenti <span class=\"_ _3\"></span>ed all<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>altre a<span class=\"_ _0\"></span>ttivit\u00e0 <span class=\"_ _3\"></span>immateriali <span class=\"_ _3\"></span>a vi<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>definita <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>re<span class=\"_ _1\"></span>cuperabil<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>mato <span class=\"_ _0\"></span>con cadenza <span class=\"_ _14\"> </span>annuale <span class=\"_ _b\"> </span>o, <span class=\"_ _14\"> </span>comunque, <span class=\"_ _b\"> </span>ogni <span class=\"_ _14\"> </span>volta <span class=\"_ _14\"> </span>che <span class=\"_ _b\"> </span>mutate <span class=\"_ _14\"> </span>circostanze <span class=\"_ _b\"> </span>o <span class=\"_ _14\"> </span>eventi <span class=\"_ _14\"> </span>specifici <span class=\"_ _b\"> </span>lo richiedano. Il <span class=\"_ _6\"> </span>valore <span class=\"_ _6\"> </span>recuperabile <span class=\"_ _6\"> </span>delle <span class=\"_ _6\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>materiali <span class=\"_ _6\"> </span>ed <span class=\"_ _6\"> </span>immateriali <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _6\"> </span>rappresentato <span class=\"_ _6\"> </span>dal maggiore tra il valore corrente al netto dei costi di dismissione e il <span class=\"_ _1\"></span>loro valore d'uso,<span class=\"_ _0\"></span> laddove il <span class=\"_ _a\"></span>valore <span class=\"_ _a\"></span>d\u2019uso <span class=\"_ _a\"></span>\u00e9 <span class=\"_ _a\"></span>rapp<span class=\"_ _0\"></span>resentato <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>valore<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>attuale <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>lussi<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>finanziari <span class=\"_ _a\"></span>futu<span class=\"_ _0\"></span>ri <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>prevede abbiano <span class=\"_ _6\"> </span>origine <span class=\"_ _6\"> </span>dall\u2019attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _6\"> </span>o, <span class=\"_ _6\"> </span>per <span class=\"_ _6\"> </span>le <span class=\"_ _15\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _6\"> </span>che <span class=\"_ _6\"> </span>non <span class=\"_ _6\"> </span>generano <span class=\"_ _6\"> </span>autonomamen<span class=\"_ _0\"></span>te <span class=\"_ _6\"> </span>flussi finanziari <span class=\"_ _2\"> </span>ampiamente <span class=\"_ _2\"> </span>indip<span class=\"ff6\">endenti, <span class=\"_ _13\"> </span>dall\u2019insi<span class=\"_ _0\"></span>eme <span class=\"_ _13\"> </span>di <span class=\"_ _13\"> </span>attivit\u00e0 <span class=\"_ _13\"> </span>che <span class=\"_ _2\"> </span>compongono <span class=\"_ _2\"> </span>l\u2019unit\u00e0 </span>generatrice di fl<span class=\"_ _0\"></span>ussi finanziari cui<span class=\"_ _0\"></span> tale attivit\u00e0 appa<span class=\"_ _0\"></span>rtiene (\u201c<span class=\"ffd\">cash generating <span class=\"_ _0\"></span>unit\u201d<span class=\"ff2 lsc\">).<span class=\"ls0\"> </span></span></span>Nel <span class=\"_ _4\"></span>definire <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>d'uso, <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>flussi <span class=\"_ _4\"></span>finanziari <span class=\"_ _4\"></span>futuri<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>attesi <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>attualizzati <span class=\"_ _4\"></span>utilizzando un tasso di <span class=\"_ _1\"></span>sconto ante imposte<span class=\"_ _0\"></span> che riflette la stima corrente del mercato riferito al costo del denaro rapportato<span class=\"_ _0\"></span> al tempo e ai <span class=\"_ _0\"></span>rischi specifici del<span class=\"_ _0\"></span>l'attivit\u00e0.  Una <span class=\"_ _14\"> </span>riduzione <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>valore <span class=\"_ _14\"> </span>\u00e8 <span class=\"_ _b\"> </span>riconosciuta <span class=\"_ _14\"> </span>nel <span class=\"_ _14\"> </span>conto <span class=\"_ _14\"> </span>economico <span class=\"_ _14\"> </span>qualora <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>valore <span class=\"_ _14\"> </span>di iscrizione dell\u2019attivit\u00e0, o del<span class=\"ff2\">la <span class=\"_ _1\"></span>relativa <span class=\"ff7\">cash <span class=\"_ _1\"></span>genera<span class=\"_ _0\"></span>ting <span class=\"_ _1\"></span>unit<span class=\"ff2\"> a <span class=\"_ _1\"></span>cui essa \u00e8 <span class=\"_ _1\"></span>allocata, \u00e8 superiore </span></span></span>al <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>recuperabile; <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>perdite <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>valore <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>cash<span class=\"ff7\"> <span class=\"_ _4\"></span>generating <span class=\"_ _4\"></span>unit</span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>imputate <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>primo luogo <span class=\"_\"> </span>a <span class=\"_ _b\"> </span>riduzione <span class=\"_\"> </span>de<span class=\"_ _0\"></span>l <span class=\"_\"> </span>v<span class=\"_ _0\"></span>alore <span class=\"_\"> </span>con<span class=\"_ _0\"></span>tabile <span class=\"_\"> </span>dell<span class=\"_ _0\"></span>\u2019eventuale <span class=\"_\"> </span>avvi<span class=\"_ _0\"></span>amento <span class=\"_ _b\"> </span>attribui<span class=\"_ _0\"></span>to <span class=\"_\"> </span>e, <span class=\"_\"> </span>quindi<span class=\"_ _0\"></span>, <span class=\"_\"> </span>a<span class=\"_ _0\"></span> riduzione <span class=\"_ _17\"> </span>delle <span class=\"_ _19\"> </span>altre <span class=\"_ _17\"></span>attivit\u00e0, <span class=\"_ _17\"></span>in <span class=\"_ _17\"> </span>proporzione <span class=\"_ _19\"> </span>al <span class=\"_ _17\"></span>relativo <span class=\"_ _17\"> </span>valore <span class=\"_ _17\"> </span>contabile. <span class=\"_ _17\"></span>Qualora <span class=\"_ _19\"> </span>vengano meno i presupp<span class=\"_ _0\"></span>osti per u<span class=\"_ _0\"></span>na svalutazi<span class=\"_ _0\"></span>one precede<span class=\"_ _0\"></span>ntemente effettuata<span class=\"_ _0\"></span> su immobil<span class=\"_ _0\"></span>i, impianti<span class=\"_ _0\"></span> e macchinari ed attivit\u00e0 immateriali diversi da <span class=\"_ _1\"></span>avviamento<span class=\"_ _0\"></span>, il <span class=\"_ _1\"></span>valore contabile dell\u2019attivit\u00e0 viene ripristinato <span class=\"_ _3\"></span>con <span class=\"_ _0\"></span>impu<span class=\"_ _0\"></span>tazione <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>conto <span class=\"_ _0\"></span>economi<span class=\"_ _0\"></span>co, <span class=\"_ _3\"></span>nei <span class=\"_ _3\"></span>limiti <span class=\"_ _0\"></span>del <span class=\"_ _3\"></span>valore <span class=\"_ _0\"></span>netto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>carico <span class=\"_ _0\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l\u2019attivo in <span class=\"_ _3\"></span>oggetto <span class=\"_ _3\"></span>avrebbe <span class=\"_ _3\"></span>avu<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>non <span class=\"_ _2b\"></span>f<span class=\"_ _1\"></span>osse <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>effe<span class=\"_ _0\"></span>ttuata <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>svalutazion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>fossero <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>effe<span class=\"_ _0\"></span>ttuati gli ammortamenti. Nel <span class=\"_ _14\"> </span>caso <span class=\"_ _b\"> </span>in <span class=\"_ _14\"> </span>cui <span class=\"_ _b\"> </span>la <span class=\"_ _14\"> </span>riduzione <span class=\"_ _b\"> </span>di <span class=\"_ _14\"> </span>valore <span class=\"_ _b\"> </span>derivante <span class=\"_ _14\"> </span>dal <span class=\"_ _14\"> </span>t<span class=\"_ _1\"></span>est <span class=\"_ _14\"> </span>sia <span class=\"_ _b\"> </span>superiore <span class=\"_ _14\"> </span>al <span class=\"_ _14\"> </span>valore dell\u2019attivit\u00e0 <span class=\"_ _14\"> </span>oggetto <span class=\"_ _14\"> </span>del <span class=\"_ _14\"> </span>test <span class=\"_ _b\"> </span>allocato<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>alla <span class=\"_ _14\"> </span>cash <span class=\"_ _b\"> </span>g<span class=\"_ _0\"></span>enerating <span class=\"_ _14\"> </span>unit<span class=\"ff2\"> <span class=\"_ _b\"> </span>cui <span class=\"_ _14\"> </span>la <span class=\"_ _14\"> </span>stessa <span class=\"_ _b\"> </span>appartiene,<span class=\"_ _3\"></span> </span>l\u2019ammontare residuo \u00e8 <span class=\"_ _1\"></span>allocato alle attivit\u00e0 incluse <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span><span class=\"ff7\">cash <span class=\"_ _1\"></span>generating unit<span class=\"ff2\"> <span class=\"_ _1\"></span>in proporzione<span class=\"_ _0\"></span> </span></span>del loro valore di<span class=\"_ _0\"></span> carico. Tale al<span class=\"_ _0\"></span>locazione ha come li<span class=\"_ _0\"></span>mite minimo l\u2019am<span class=\"_ _0\"></span>montare pi\u00f9 alto<span class=\"_ _0\"></span> tra:<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il relativo <span class=\"ff7\">fair value</span> <span class=\"ff6\">dell<span class=\"_ _0\"></span>\u2019attivit\u00e0 al net<span class=\"_ _0\"></span>to dei cos<span class=\"ff2\">ti di dismi<span class=\"_ _0\"></span>ssione; </span></span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il relativo valore<span class=\"_ _0\"></span> in uso, come sop<span class=\"_ _0\"></span>ra definito; </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">zero. </span></span>Le <span class=\"_ _1e\"> </span>perdite<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>di <span class=\"_ _18\"> </span>valore <span class=\"_ _18\"> </span>sono <span class=\"_ _1e\"> </span>contabilizzate<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>nel <span class=\"_ _1e\"> </span>conto <span class=\"_ _18\"> </span>economico <span class=\"_ _18\"> </span>fr<span class=\"_ _1\"></span>a <span class=\"_ _18\"> </span>i <span class=\"_ _1e\"> </span>costi<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>per ammortamen<span class=\"_ _0\"></span>ti e svalutazi<span class=\"_ _0\"></span>oni. Partecipazioni e<span class=\"_ _0\"></span> titoli n<span class=\"_ _0\"></span>on correnti Le <span class=\"_ _4\"></span>partecipazioni <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>imprese <span class=\"_ _4\"></span>diverse <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>quelle <span class=\"_ _4\"></span>controllate, <span class=\"_ _4\"></span>collegate <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span><span class=\"ff7\">join<span class=\"_ _0\"></span>t <span class=\"_ _4\"></span>venture<span class=\"ff2 ls3\">, </span></span>per <span class=\"_ _3\"></span>cui <span class=\"_ _2b\"></span>si <span class=\"_ _3\"></span>rimanda <span class=\"_ _2b\"></span>all\u2019area <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>consoli<span class=\"_ _0\"></span>damento <span class=\"_ _2b\"></span>(<span class=\"_ _1\"></span>generalmente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con <span class=\"_ _2b\"></span>una <span class=\"_ _3\"></span>percentua<span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>posses<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> inferiore <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>20%) <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>iscritte, <span class=\"_ _a\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>momento<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _0\"></span>acquisto, <span class=\"_ _5\"></span>nella <span class=\"_ _a\"></span>voce<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>\u201cPartec<span class=\"ff2\">ipazioni <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>titoli </span>non <span class=\"_ _14\"> </span>correnti\u201d <span class=\"_ _16\"> </span>inizialmente <span class=\"_ _16\"> </span>al <span class=\"_ _14\"> </span>costo, <span class=\"_ _14\"> </span>rilevato <span class=\"_ _16\"> </span>alla <span class=\"_ _14\"> </span>data <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>effettuazione <span class=\"_ _14\"> </span>del<span class=\"_ _0\"></span>l\u2019operazione, <span class=\"_ _16\"> </span>in quanto <span class=\"_ _19\"> </span>rappresentativo <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span><span class=\"ff7\">fair <span class=\"_ _19\"> </span>value</span>, <span class=\"_ _16\"> </span>comprensi<span class=\"_ _0\"></span>vo <span class=\"_ _16\"> </span>dei <span class=\"_ _19\"> </span>costi <span class=\"_ _16\"> </span>di <span class=\"_ _19\"> </span>transazione <span class=\"_ _19\"> </span>dirett<span class=\"_ _1\"></span>amen<span class=\"_ _0\"></span>te attribuibil<span class=\"_ _0\"></span>i alla relativa transazi<span class=\"_ _0\"></span>one. Successivamen<span class=\"_ _0\"></span>te <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>c<span class=\"_ _0\"></span>ontabilizzazion<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>inizial<span class=\"_ _0\"></span>e, <span class=\"_ _a\"></span>tali <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _a\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>valutate <span class=\"_ _a\"></span>al fair value<span class=\"ff2\"> con i<span class=\"_ _0\"></span>mputazione degli<span class=\"_ _0\"></span> effetti nel Patrimo<span class=\"_ _0\"></span>nio Netto <span class=\"ff6\">in ossequio all<span class=\"_ _0\"></span>\u2019IFRS<span class=\"_ _0\"></span> 9. <span class=\"ff2\"> </span></span></span>Tali <span class=\"_ _1\"></span>partecipazioni, <span class=\"_ _1\"></span>non <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>controllo <span class=\"_ _4\"></span>n\u00e9 <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>collegamento<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>che <span class=\"_ _1\"></span>non <span class=\"_ _4\"></span>s<span class=\"ls2\">ono</span> <span class=\"_ _4\"></span>quotate <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>un mercato <span class=\"_ _17\"></span>attivo <span class=\"_ _17\"></span><span class=\"ff6\">e <span class=\"_ _17\"> </span>per <span class=\"_ _17\"> </span>le <span class=\"_ _a\"></span>quali <span class=\"_ _19\"> </span>l\u2019impiego <span class=\"_ _a\"></span>di <span class=\"_ _19\"> </span>un <span class=\"_ _17\"> </span>opportuno <span class=\"_ _a\"></span>modello <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>valutazione <span class=\"_ _17\"> </span>non <span class=\"_ _17\"> </span>risulti </span>attendibile sono valu<span class=\"_ _0\"></span>tate, comunque<span class=\"_ _0\"></span>, al cos<span class=\"_ _0\"></span>to. Le <span class=\"_ _4\"></span>partecipazioni <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>imprese <span class=\"_ _4\"></span>controll<span class=\"_ _0\"></span>ate <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>collega<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>sottoposte, <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>presenza <span class=\"_ _4\"></span>di indicatori di impairment, a verifica circa eventuali perdite di <span class=\"_ _1\"></span>valore mediante il confronto con il relativo valo<span class=\"_ _0\"></span>re recuperabi<span class=\"_ _0\"></span>le rappresentato dal<span class=\"_ _0\"></span> maggi<span class=\"_ _0\"></span>ore tra il fair<span class=\"_ _0\"></span> value, al netto dei<span class=\"_ _0\"></span> costi di<span class=\"_ _0\"></span> vendita <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _4\"></span>d\u2019uso. <span class=\"_ _5\"></span>Qualora <span class=\"_ _5\"></span>esistano<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>evidenze <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ali<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _4\"></span>abbiano <span class=\"_ _5\"></span>subito una <span class=\"_ _1e\"> </span>perdita <span class=\"_ _18\"> </span>di <span class=\"_ _1e\"> </span>valore, <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>s<span class=\"_ _0\"></span>tessa <span class=\"_ _1e\"> </span>\u00e8 <span class=\"_ _18\"> </span>rilevata <span class=\"_ _1e\"> </span>nel <span class=\"_ _18\"> </span>conto <span class=\"_ _1e\"> </span>economico <span class=\"_ _1e\"> </span>compl<span class=\"_ _0\"></span>essivo <span class=\"_ _1e\"> </span>come<span class=\"_ _3\"></span> svalutazione. . <span class=\"_ _a\"></span>Qualora <span class=\"_ _4\"></span>vengano <span class=\"_ _a\"></span>meno <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>cause <span class=\"_ _a\"></span>che <span class=\"_ _5\"></span>hanno <span class=\"_ _a\"></span>indotto <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>svalutazione <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _a\"></span>necessario<span class=\"_ _0\"></span> ripristinare <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>valore <span class=\"_ _a\"></span>fino <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>concorrenza, <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>massimo, <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>costo <span class=\"_ _a\"></span>originari<span class=\"_ _0\"></span>o. <span class=\"_ _19\"> </span>Tale <span class=\"_ _a\"></span>ripristino<span class=\"_ _0\"></span> viene iscritto a conto<span class=\"_ _0\"></span> economico. Rimanenze <span class=\"_ _0\"></span> Le <span class=\"_ _a\"></span>rimanenze<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>materie <span class=\"_ _5\"></span>prime, <span class=\"_ _a\"></span>semilavorati <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>prodotti <span class=\"_ _5\"></span>finiti <span class=\"_ _a\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>iscritte <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>costo <span class=\"_ _a\"></span>e valutate <span class=\"_ _4\"></span>al <span class=\"_ _a\"></span>minore<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ra <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>netto <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>presumibile <span class=\"_ _5\"></span>realizzo. <span class=\"_ _4\"></span>Il <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>acquisto<span class=\"_ _3\"></span> viene <span class=\"_ _19\"> </span>determinato <span class=\"_ _19\"> </span>con <span class=\"_ _16\"> </span>il <span class=\"_ _19\"> </span>metodo <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span>Costo <span class=\"_ _19\"> </span>Medio <span class=\"_ _17\"> </span>Ponderato <span class=\"_ _16\"> </span>(CMP) <span class=\"_ _19\"> </span>ed <span class=\"_ _19\"> </span>include <span class=\"_ _19\"> </span>gli <span class=\"_ _19\"> </span>oneri accessori <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>competenza<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Al <span class=\"_ _3\"></span>fine <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>deter<span class=\"_ _0\"></span>minare <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _0\"></span>netto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>presumibil<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>realizzo, <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>valore di <span class=\"_ _0\"></span>eventuali <span class=\"_ _0\"></span>rimanenze <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>bsolete <span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> len<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>rigiro <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>svalutat<span class=\"_ _0\"></span>o i<span class=\"_ _0\"></span>n relazi<span class=\"_ _0\"></span>one <span class=\"_ _0\"></span>alla <span class=\"_ _3\"></span>previsione di utilizzo/realizzo <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>futuro, <span class=\"_ _3\"></span>mediante <span class=\"_ _3\"></span>l\u2019iscrizione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>un <span class=\"_ _0\"></span>apposit<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>fondo <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>ettifi<span class=\"_ _0\"></span>cativo <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>riduzione<span class=\"_ _0\"></span> del valore delle ri<span class=\"_ _0\"></span>manenze stesse.<span class=\"_ _0\"></span> I <span class=\"_ _5\"></span>prodotti <span class=\"_ _4\"></span>finiti <span class=\"_ _4\"></span>rappresentati <span class=\"_ _4\"></span>da <span class=\"_ _5\"></span>immobili <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>aree <span class=\"_ _4\"></span>edificabili <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>iscritti <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>di acquisto o<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> produzione<span class=\"_ _0\"></span> ovve<span class=\"_ _0\"></span>ro al <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>di real<span class=\"_ _0\"></span>izzo <span class=\"_ _0\"></span>desumibi<span class=\"_ _0\"></span>le dall<span class=\"_ _0\"></span>\u2019andamento <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>mercato, se minore. Il co<span class=\"_ _0\"></span>sto \u00e8 determina<span class=\"_ _0\"></span>to con il<span class=\"_ _0\"></span> metodo del costo specifico <span class=\"_ _0\"></span>sostenuto. Diritti di emiss<span class=\"_ _0\"></span>ione Relativamente <span class=\"_ _3\"></span>ai dirit<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>emissioni (o <span class=\"_ _3\"></span>CO2) <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>atmosfera<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>precisa <span class=\"_ _3\"></span>che il <span class=\"_ _3\"></span>trattamento<span class=\"_ _0\"></span> contabile <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>diritti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>emissione (CO2) <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>atmosfera <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>espressamente disciplinato <span class=\"_ _1\"></span>dagli IFRS. <span class=\"_ _6\"> </span>Con <span class=\"_\"> </span>riferimento <span class=\"_\"> </span>ai <span class=\"_ _6\"> </span>diritti <span class=\"_\"> </span>di <span class=\"_ _6\"> </span>emissione <span class=\"_ _6\"> </span>la <span class=\"_\"> </span>contabilizzazion<span class=\"_ _0\"></span>e <span class=\"_ _6\"> </span>iniziale <span class=\"_\"> </span>t<span class=\"_ _1\"></span>ra <span class=\"_\"> </span>le <span class=\"_ _6\"> </span>attivit\u00e0 immateriali <span class=\"_ _2\"> </span>avvi<span class=\"_ _0\"></span>ene <span class=\"_ _2\"> </span>al <span class=\"_ _2\"> </span>fair <span class=\"_ _2\"> </span>val<span class=\"_ _0\"></span>ue <span class=\"_ _2\"> </span>secondo<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>il <span class=\"_ _2\"> </span>\u201ccap<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>and <span class=\"_ _2\"> </span>trade<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>scheme\u201d, <span class=\"_ _9\"> </span>m<span class=\"_ _1\"></span>entre <span class=\"_ _2\"> </span>la<span class=\"_ _0\"></span> contabilizzazi<span class=\"_ _0\"></span>one succe<span class=\"_ _0\"></span>ssiva <span class=\"_ _0\"></span>segue <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>criterio <span class=\"_ _3\"></span>del \u201ccost <span class=\"_ _0\"></span>model\u201d<span class=\"_ _0\"></span>; i <span class=\"_ _0\"></span>dirit<span class=\"_ _0\"></span>ti di <span class=\"_ _3\"></span>emissione ril<span class=\"_ _0\"></span>evati tra<span class=\"_ _0\"></span> le <span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _1\"></span>immateriali <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>sono <span class=\"_ _4\"></span>soggetti <span class=\"_ _1\"></span>ad <span class=\"_ _4\"></span>ammorta<span class=\"_ _0\"></span>mento <span class=\"_ _1\"></span>ma <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>impair<span class=\"_ _0\"></span>ment <span class=\"_ _1\"></span>test. <span class=\"_ _4\"></span>Alla <span class=\"_ _1\"></span>fine di <span class=\"_ _5\"></span>ogni <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>qualora <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>produzione <span class=\"_ _5\"></span>richieda <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>disponibili<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>quote <span class=\"_ _5\"></span>CO2 <span class=\"_ _a\"></span>maggio<span class=\"_ _0\"></span>re <span class=\"_ _5\"></span>di quelle disponibili presso il registro la societ\u00e0 accantona un fondo rischi ed oneri in relazione al <span class=\"_ _8\"> </span>valore <span class=\"_ _8\"> </span>di <span class=\"_ _9\"> </span>mercato <span class=\"_ _8\"> </span>(fair <span class=\"_ _8\"> </span>value) <span class=\"_ _8\"> </span>relativo <span class=\"_ _9\"> </span>al<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>numero <span class=\"_ _9\"> </span>di <span class=\"_ _8\"> </span>quote <span class=\"_ _8\"> </span>che <span class=\"_ _8\"> </span>devono <span class=\"_ _8\"> </span>essere successivamente a<span class=\"_ _0\"></span>cquisite sul me<span class=\"_ _0\"></span>rcato. Strumenti finanzia<span class=\"_ _0\"></span>ri Classificazi<span class=\"_ _0\"></span>one e misurazi<span class=\"_ _0\"></span>one  L'IFRS <span class=\"_ _1\"></span>9 <span class=\"_ _1\"></span>prevede <span class=\"_ _4\"></span>speci<span class=\"_ _0\"></span>fiche <span class=\"_ _4\"></span>disposizi<span class=\"_ _0\"></span>oni <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>classi<span class=\"_ _0\"></span>ficazione <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valutazione <span class=\"_ _1\"></span>delle <span class=\"_ _4\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 finanziarie <span class=\"_ _1\"></span>che <span class=\"_ _4\"></span>riflettono <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>modello <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>business <span class=\"_ _4\"></span>secondo <span class=\"_ _4\"></span>cui <span class=\"_ _1\"></span>vengono <span class=\"_ _4\"></span>gestite <span class=\"_ _1\"></span>tali <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>le<span class=\"_ _0\"></span> caratteristiche dei<span class=\"_ _0\"></span> loro flussi<span class=\"_ _0\"></span> finanziari. Le <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>classificate <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>tre <span class=\"_ _3\"></span>categorie <span class=\"_ _0\"></span>principa<span class=\"_ _0\"></span>li: <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> costo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mmortizzato, <span class=\"_ _3\"></span>al <span class=\"_ _0\"></span>fair value <span class=\"_ _3\"></span>rilevato <span class=\"_ _3\"></span>nelle <span class=\"_ _3\"></span>altre <span class=\"_ _3\"></span>compone<span class=\"_ _0\"></span>nti <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>economico <span class=\"_ _3\"></span>compl<span class=\"_ _0\"></span>essivo <span class=\"_ _3\"></span>(FVOCI)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>value rilevato nell'utile/<span class=\"_ _0\"></span>(perdita) del<span class=\"_ _0\"></span>l'esercizio (FVTP<span class=\"_ _0\"></span>L).  Le <span class=\"_ _a\"></span>analisi <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>un\u2019entit\u00e0 <span class=\"_ _a\"></span>deve <span class=\"_ _a\"></span>svolgere <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>classificare <span class=\"_ _5\"></span>le <span class=\"_ _17\"> </span>attivit\u00e0 <span class=\"_ _a\"></span>finanziar<span class=\"_ _0\"></span>ie<span class=\"ff2\"> <span class=\"_ _17\"></span>nelle <span class=\"_ _a\"></span>suddette </span>categorie <span class=\"_ _17\"> </span>seguono <span class=\"_ _17\"> </span>una <span class=\"_ _17\"> </span>prima <span class=\"_ _19\"> </span>distinzione <span class=\"_ _17\"> </span>a <span class=\"_ _19\"> </span>seconda <span class=\"_ _17\"> </span>se <span class=\"_ _19\"> </span>siamo <span class=\"_ _17\"></span>in <span class=\"_ _19\"> </span>presenza<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>di <span class=\"_ _17\"> </span>un <span class=\"_ _19\"> </span>titolo <span class=\"_ _17\"> </span>di capitale, un titolo<span class=\"_ _0\"></span> di debito o un<span class=\"_ _0\"></span> derivato.  Tutte <span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>rappresentate <span class=\"_ _3\"></span>da ti<span class=\"_ _0\"></span>toli <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>capitale <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>sempre <span class=\"_ _0\"></span>rileva<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _0\"></span>value.<span class=\"_ _0\"></span> Nel <span class=\"_ _4\"></span>caso <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>titolo <span class=\"_ _4\"></span>sia <span class=\"_ _4\"></span>detenuto <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>finalit\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>trading, <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>variazioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>fair <span class=\"_ _4\"></span>value <span class=\"_ _4\"></span>devono essere <span class=\"_ _3\"></span>rilevate <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>conto <span class=\"_ _0\"></span>economico<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>mentre <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>tut<span class=\"_ _0\"></span>ti <span class=\"_ _3\"></span>gli <span class=\"_ _0\"></span>altri <span class=\"_ _3\"></span>investimen<span class=\"_ _0\"></span>ti <span class=\"_ _3\"></span>l\u2019entit\u00e0 <span class=\"_ _3\"></span>potr\u00e0 <span class=\"_ _3\"></span>decidere, alla <span class=\"_ _5\"></span>data <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>rilevazione <span class=\"_ _5\"></span>iniziale, <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>rilevare <span class=\"_ _5\"></span>successivamente <span class=\"_ _5\"></span>tutte <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>varia<span class=\"_ _0\"></span>zioni <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>fair <span class=\"_ _a\"></span>value nelle <span class=\"_ _16\"> </span>altre <span class=\"_ _14\"> </span>componenti <span class=\"_ _14\"> </span>del <span class=\"_ _14\"> </span>conto <span class=\"_ _14\"> </span>economico <span class=\"_ _16\"> </span>complessivo <span class=\"_ _16\"> </span>(OCI), <span class=\"_ _14\"> </span>esercitando <span class=\"_ _16\"> </span>la <span class=\"_ _14\"> </span>FVTOCI option. <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>caso, <span class=\"_ _4\"></span>gli <span class=\"_ _1\"></span>importi <span class=\"_ _4\"></span>accumula<span class=\"_ _0\"></span>ti <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>OCI <span class=\"_ _4\"></span>non <span class=\"_ _1\"></span>saranno <span class=\"_ _4\"></span>mai <span class=\"_ _1\"></span>riversati <span class=\"_ _1\"></span>nell\u2019utile/(perdita) dell\u2019eserci<span class=\"_ _0\"></span>zio <span class=\"_ _15\"> </span>anche <span class=\"_ _18\"> </span>in <span class=\"_ _15\"> </span>caso <span class=\"_ _18\"> </span>di <span class=\"_ _15\"> </span>eliminazione <span class=\"_ _15\"> </span>contabil<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>dell\u2019investimento. <span class=\"_ _15\"> </span>L\u2019applicazione dell\u2019opzi<span class=\"_ _0\"></span>one <span class=\"_ _0\"></span>\u201cFVTOCI\u201d <span class=\"_ _0\"></span>\u00e8 i<span class=\"_ _0\"></span>rrevocabile <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> le <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iclassific<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>tra l<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>tre <span class=\"_ _0\"></span>categorie <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>n son<span class=\"_ _0\"></span>o con<span class=\"_ _0\"></span>cesse.<span class=\"ff2\"> </span>Tale opzione \u00e8 s<span class=\"_ _0\"></span>tata adottata pe<span class=\"_ _0\"></span>r la valutazione d<span class=\"_ _0\"></span>elle partecipazi<span class=\"_ _0\"></span>oni in altr<span class=\"_ _0\"></span>e imprese. Per <span class=\"_ _3\"></span>quanto <span class=\"_ _3\"></span>riguarda <span class=\"_ _3\"></span>invece <span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>classificazi<span class=\"_ _0\"></span>one <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _3\"></span>rappresentate<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dai credi<span class=\"_ _0\"></span>ti e dai titoli di debi<span class=\"_ _0\"></span>to, \u00e8 necessario con<span class=\"_ _0\"></span>siderare du<span class=\"_ _0\"></span>e elementi:  1.  <span class=\"_ _2b\"></span>il model<span class=\"_ _0\"></span>lo di business ad<span class=\"_ _0\"></span>ottato dalla socie<span class=\"_ _0\"></span>t\u00e0. In particol<span class=\"_ _0\"></span>are: \u2014<span class=\"ff2\"> Held <span class=\"_ _4\"></span>to <span class=\"_ _1\"></span>Collect <span class=\"_ _1\"></span>(HTC), <span class=\"_ _4\"></span></span>model<span class=\"_ _0\"></span>lo <span class=\"_ _1\"></span>avente <span class=\"_ _4\"></span>l\u2019obiettivo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>possedere <span class=\"_ _1\"></span>l\u2019attivit\u00e0 <span class=\"_ _1\"></span>finanziaria per l\u2019incasso dei <span class=\"_ _0\"></span>flussi contra<span class=\"_ _0\"></span>ttuali;<span class=\"ff2\"> </span>\u2014<span class=\"ff2\"> </span>Held <span class=\"_ _a\"></span>To <span class=\"_ _a\"></span>Coll<span class=\"_ _0\"></span>ect <span class=\"_ _a\"></span>and <span class=\"_ _a\"></span>Sale <span class=\"_ _5\"></span>(HTC&amp;S), <span class=\"_ _5\"></span>m<span class=\"_ _1\"></span>odello <span class=\"_ _5\"></span>avente <span class=\"_ _a\"></span>l\u2019obiettivo <span class=\"_ _5\"></span>sia <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>incassare <span class=\"_ _a\"></span>i flussi contrat<span class=\"_ _0\"></span>tuali derivan<span class=\"_ _0\"></span>ti dall\u2019<span class=\"_ _0\"></span>attivit\u00e0 finanziaria <span class=\"_ _0\"></span>sia <span class=\"_ _0\"></span>di vendere l\u2019attivi<span class=\"_ _0\"></span>t\u00e0 finanzi<span class=\"_ _0\"></span>aria stessa; \u2014<span class=\"ff2\"> altro modello di business<span class=\"_ _0\"></span> diverso dai due p<span class=\"_ _0\"></span>recedenti. </span>2.<span class=\"ls0\"> <span class=\"_ _2f\"> </span>le caratteristiche dei<span class=\"_ _0\"></span> flussi di cassa con<span class=\"_ _0\"></span>trattuali rinveni<span class=\"_ _0\"></span>enti dallo strumen<span class=\"_ _0\"></span>to finanziario<span class=\"_ _0\"></span>. In </span>particolare <span class=\"_ _b\"> </span>si <span class=\"_ _b\"> </span>dovr\u00e0<span class=\"_ _0\"></span> <span class=\"_\"> </span>ve<span class=\"_ _0\"></span>rificare <span class=\"_ _b\"> </span>se <span class=\"_ _b\"> </span>tali <span class=\"_ _b\"> </span>flussi <span class=\"_ _b\"> </span>di<span class=\"_ _0\"></span> <span class=\"_\"> </span>c<span class=\"_ _0\"></span>assa <span class=\"_\"> </span>con<span class=\"_ _0\"></span>trattuali<span class=\"_ _0\"></span> <span class=\"_\"> </span>sono <span class=\"_\"> </span>r<span class=\"_ _0\"></span>appresentati<span class=\"_ _0\"></span> unicamente <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>pagamento <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>capitale <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>dagli <span class=\"_ _3\"></span>interessi <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>diversamente <span class=\"_ _3\"></span>includono <span class=\"_ _3\"></span>anche altre <span class=\"_ _1\"></span>componen<span class=\"_ _0\"></span>ti. Q<span class=\"_ _1\"></span>uesta verifica \u00e8 <span class=\"_ _1\"></span>denominata SPPI Test <span class=\"_ _1\"></span>(Solely Payment of <span class=\"_ _1\"></span>Principal<span class=\"_ _0\"></span> and Interest Test<span class=\"_ _0\"></span>). L\u2019IFRS 9 fornisce le<span class=\"_ _0\"></span> defini<span class=\"_ _0\"></span>zioni di capitale<span class=\"ff2\"> e inter<span class=\"_ _0\"></span>essi: </span>\u2022<span class=\"ff2\"> <span class=\"_ _30\"> </span></span>il <span class=\"_ _19\"> </span>capitale <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _16\"> </span>il <span class=\"_ _19\"> </span>fair <span class=\"_ _19\"> </span>value <span class=\"_ _19\"> </span>dell\u2019attivit\u00e0 <span class=\"_ _17\"> </span>finanziaria <span class=\"_ _19\"> </span>all\u2019iscrizi<span class=\"_ _0\"></span>one <span class=\"_ _19\"> </span>iniziale <span class=\"_ _19\"> </span>e <span class=\"_ _16\"> </span>tale <span class=\"_ _19\"> </span>importo <span class=\"_ _19\"> </span>pu\u00f2 cambiare <span class=\"_ _2b\"></span>nel <span class=\"_ _3\"></span>tempo <span class=\"_ _3\"></span>lungo <span class=\"_ _2b\"></span>la <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>dello <span class=\"_ _2b\"></span>strumento <span class=\"_ _3\"></span>finanzi<span class=\"_ _0\"></span>ario <span class=\"_ _3\"></span>(ad <span class=\"_ _2b\"></span>esempio, <span class=\"_ _3\"></span>tramite <span class=\"_ _2b\"></span>rimborsi); \u2022<span class=\"ff2\"> <span class=\"_ _30\"> </span>gli <span class=\"_ _1\"></span>interessi <span class=\"_ _1\"></span>rappresentano<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>invece, <span class=\"_ _4\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>compensazione <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>temporale <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>denaro </span>e il rischio di credi<span class=\"_ _0\"></span>to sul capi<span class=\"_ _0\"></span>tale residuo. Un\u2019attivit\u00e0 <span class=\"_ _5\"></span>finanziaria <span class=\"_ _5\"></span>rappresentata <span class=\"_ _5\"></span>quindi <span class=\"_ _a\"></span>da <span class=\"_ _5\"></span>titoli <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>debito <span class=\"_ _a\"></span>potr\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>essere <span class=\"_ _5\"></span>classificata <span class=\"_ _5\"></span>nelle seguenti categorie:<span class=\"_ _0\"></span> 1)<span class=\"ls0\"> <span class=\"_ _31\"> </span>Costo ammortizza<span class=\"_ _0\"></span>to quando: </span>a.<span class=\"ls0\"> <span class=\"_ _2f\"> </span>i <span class=\"_ _4\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cassa <span class=\"_ _5\"></span>contrattua<span class=\"_ _0\"></span>li <span class=\"_ _5\"></span>dello <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>rumento <span class=\"_ _5\"></span>sono <span class=\"_ _4\"></span>rappresentati <span class=\"_ _5\"></span>unicamente <span class=\"_ _4\"></span>dal </span>pagamento di capital<span class=\"_ _0\"></span>e e interessi<span class=\"_ _0\"></span> (SPPI Test<span class=\"_ _0\"></span> superato); e b.<span class=\"ls0\"> <span class=\"_ _2f\"> </span><span class=\"ff6\">il <span class=\"_ _17\"> </span>business <span class=\"_ _19\"> </span>model <span class=\"_ _19\"> </span>adottato <span class=\"_ _17\"> </span>dalla <span class=\"_ _19\"> </span>societ\u00e0 <span class=\"_ _19\"> </span>prevede <span class=\"_ _17\"> </span>che <span class=\"_ _19\"> </span>l\u2019entit\u00e0 <span class=\"_ _19\"> </span>detenga <span class=\"_ _19\"> </span>l\u2019attivit\u00e0 </span></span>finanziaria <span class=\"_ _4\"></span>esclusivamente <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>incassare <span class=\"_ _4\"></span>flus<span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cassa <span class=\"_ _5\"></span>contrattuali <span class=\"_ _4\"></span>(modello <span class=\"_ _4\"></span>di business HTC). In <span class=\"_ _5\"></span>questa <span class=\"_ _4\"></span>categoria, <span class=\"_ _5\"></span>gli <span class=\"_ _4\"></span>strumenti <span class=\"_ _5\"></span>finanziari <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>inizialmente <span class=\"_ _4\"></span>rilevati <span class=\"_ _5\"></span>al <span class=\"_ _4\"></span>fair <span class=\"_ _5\"></span>value, <span class=\"_ _5\"></span>inclusivo dei <span class=\"_ _19\"> </span>costi <span class=\"_ _19\"> </span>dell\u2019operazione, <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>successivamen<span class=\"_ _0\"></span>te <span class=\"_ _19\"> </span>valutati <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span>costo <span class=\"_ _19\"> </span>ammortizzato.<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>Gli <span class=\"_ _19\"> </span>interessi (calcolati <span class=\"_ _0\"></span>util<span class=\"ff6\">i<span class=\"_ _0\"></span>zzando <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>criterio<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>l\u2019interesse <span class=\"_ _0\"></span>effe<span class=\"_ _0\"></span>ttivo), <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>perdite<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(e i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ripristin<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>perdite<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>per </span>riduzione <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>valore, <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>utili/(perdite<span class=\"_ _0\"></span>) <span class=\"_ _a\"></span>su <span class=\"_ _a\"></span>cambi <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>utili/(perdite) <span class=\"_ _a\"></span>derivanti <span class=\"_ _a\"></span>dall\u2019elimi<span class=\"_ _0\"></span>nazione contabile sono ril<span class=\"_ _0\"></span>evati nell<span class=\"_ _0\"></span>\u2019utile/(perdita) dell\u2019ese<span class=\"_ _0\"></span>rcizio.<span class=\"ff2\"> </span>2) <span class=\"_ _31\"> </span>Fair Value Through<span class=\"_ _0\"></span> Other Comp<span class=\"_ _0\"></span>rehensive<span class=\"_ _0\"></span> Income (FVT<span class=\"_ _0\"></span>OCI) quando: a.<span class=\"ls0\"> <span class=\"_ _2f\"> </span>i <span class=\"_ _4\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cassa <span class=\"_ _4\"></span>contrattuali <span class=\"_ _4\"></span>dello <span class=\"_ _5\"></span>strumento <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>rappresentati <span class=\"_ _5\"></span>unicamente <span class=\"_ _4\"></span>dal </span>pagamento di capital<span class=\"_ _0\"></span>e e interessi<span class=\"_ _0\"></span> (SPPI Test<span class=\"_ _0\"></span> superato); e b.<span class=\"ls0\"> <span class=\"_ _2f\"> </span>il <span class=\"_ _17\"></span>business <span class=\"_ _19\"> </span>model <span class=\"_ _19\"> </span>adottato <span class=\"_ _17\"> </span>dalla <span class=\"_ _19\"> </span>societ\u00e0 <span class=\"_ _19\"> </span>preve<span class=\"ff6\">de <span class=\"_ _19\"> </span>che <span class=\"_ _19\"> </span>l\u2019entit\u00e0 <span class=\"_ _17\"> </span>detenga <span class=\"_ _19\"> </span>l\u2019attivit\u00e0 </span></span>finanziaria <span class=\"_ _2b\"></span>sia <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>incass<span class=\"_ _0\"></span>are <span class=\"_ _3\"></span>flussi <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _2b\"></span>contrattuali <span class=\"_ _2b\"></span>che <span class=\"_ _3\"></span>flussi <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _3\"></span>generati dalla vendita (model<span class=\"_ _0\"></span>lo di busi<span class=\"_ _0\"></span>ness HTC&amp;S). In <span class=\"_ _17\"> </span>tale <span class=\"_ _19\"> </span>categoria <span class=\"_ _17\"> </span>gli <span class=\"_ _19\"> </span>strumenti <span class=\"_ _17\"> </span>finanziari <span class=\"_ _19\"> </span>classificati <span class=\"_ _17\"></span>sono <span class=\"_ _17\"> </span>inizialmente <span class=\"_ _17\"> </span>rilevati <span class=\"_ _19\"> </span>al <span class=\"_ _17\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_ _19\"> </span>value, inclusivo dei costi del<span class=\"_ _0\"></span>l\u2019operazione.<span class=\"_ _0\"></span><span class=\"ff2\"> </span>Gli <span class=\"_ _a\"></span>intere<span class=\"_ _0\"></span>ssi <span class=\"_ _5\"></span>(calcolati <span class=\"_ _a\"></span>utilizzan<span class=\"_ _0\"></span>do <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>criterio <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _0\"></span>interesse <span class=\"_ _5\"></span>effettivo <span class=\"_ _a\"></span>come <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>previgente <span class=\"_ _a\"></span>IAS<span class=\"_ _0\"></span> 39), <span class=\"_ _6\"> </span>le <span class=\"_ _15\"> </span>perdite/(utili) <span class=\"_ _6\"> </span>per <span class=\"_ _6\"> </span>riduzione <span class=\"_ _6\"> </span>di <span class=\"_ _15\"> </span>valore <span class=\"_ _6\"> </span>e <span class=\"_ _15\"> </span>gli <span class=\"_ _15\"> </span>utili/(perdi<span class=\"_ _0\"></span>te) <span class=\"_ _6\"> </span>su <span class=\"_ _15\"> </span>cambi <span class=\"_ _6\"> </span>sono <span class=\"_ _15\"> </span>rilevati nell\u2019util<span class=\"_ _0\"></span>e/(perdita)<span class=\"ff2\"> </span>del<span class=\"_ _0\"></span>l\u2019esercizio. <span class=\"_ _3\"></span>Le alt<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>variazi<span class=\"_ _0\"></span>oni <span class=\"_ _0\"></span>del <span class=\"_ _3\"></span>fair value<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dello <span class=\"_ _3\"></span>strumento <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>rilevate tra le <span class=\"_ _0\"></span>altre comp<span class=\"_ _0\"></span>onenti di<span class=\"_ _0\"></span> conto<span class=\"_ _0\"></span> economico<span class=\"_ _0\"></span> compl<span class=\"_ _0\"></span>essivo (OCI<span class=\"_ _0\"></span>). Al <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>dell\u2019el<span class=\"_ _0\"></span>iminazione contabile <span class=\"_ _6\"> </span>dello <span class=\"_ _6\"> </span>strumen<span class=\"_ _0\"></span>to, <span class=\"_ _6\"> </span>tutti <span class=\"_ _6\"> </span>gli <span class=\"_ _6\"> </span>utili/(perdite) <span class=\"_\"> </span>accumulati <span class=\"_ _6\"> </span>a <span class=\"_ _6\"> </span>OCI <span class=\"_ _6\"> </span>saranno <span class=\"_ _6\"> </span>riclassificati nell\u2019util<span class=\"_ _0\"></span>e/(perdita) dell\u2019esercizi<span class=\"_ _0\"></span>o.<span class=\"ff2\"> </span>3)<span class=\"ls0\"> <span class=\"_ _31\"> </span>Fair Value Through<span class=\"_ _0\"></span> Profit Or Loss<span class=\"_ _0\"></span> in via residual<span class=\"_ _0\"></span>e, ovvero quando<span class=\"_ _0\"></span>: </span>a.<span class=\"ls0\"> <span class=\"_ _32\"> </span>non sono rispettati i<span class=\"_ _0\"></span> criteri preceden<span class=\"_ _0\"></span>temente desc<span class=\"_ _0\"></span>ritti ovvero<span class=\"_ _0\"></span>; </span>b.<span class=\"ls0\"> <span class=\"_ _32\"> </span>nel caso in cui si<span class=\"_ _0\"></span> eserciti la fair <span class=\"_ _0\"></span>value option. </span>Gli <span class=\"_ _19\"> </span>strumenti <span class=\"_ _19\"> </span>f<span class=\"_ _1\"></span>inanziari <span class=\"_ _19\"> </span>classificati <span class=\"_ _19\"> </span>in <span class=\"_ _16\"> </span>tale <span class=\"_ _19\"> </span>categoria <span class=\"_ _19\"> </span>sono <span class=\"_ _16\"> </span>inizialmente <span class=\"_ _19\"> </span>e <span class=\"_ _16\"> </span>successi<span class=\"_ _0\"></span>vamente rilevati <span class=\"_\"> </span>al <span class=\"_ _6\"> </span>fair <span class=\"_ _6\"> </span>value. <span class=\"_ _6\"> </span>I <span class=\"_\"> </span>costi <span class=\"_ _6\"> </span>dell\u2019operazione <span class=\"_\"> </span>e <span class=\"_ _6\"> </span>le <span class=\"_ _6\"> </span>variazioni <span class=\"_ _6\"> </span>del <span class=\"_\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_\"> </span>value <span class=\"_ _6\"> </span>sono <span class=\"_ _6\"> </span>rilevati nell\u2019util<span class=\"_ _0\"></span>e/(perdita) dell\u2019esercizi<span class=\"_ _0\"></span>o.<span class=\"ff2\"> </span>Perdite per ridu<span class=\"_ _0\"></span>zione di valore L'IFRS 9 <span class=\"ff6\">sostituisce il modell<span class=\"_ _0\"></span>o della \u2018perdita sostenuta\u2019 (\u2018incu<span class=\"_ _0\"></span>rred loss\u2019) previsto dallo IAS 39 </span>con un modello prevision<span class=\"_ _0\"></span>ale della \u2018p<span class=\"_ _0\"></span>erdita attesa su crediti\u2019 (\u2018expected credi<span class=\"_ _0\"></span>t loss\u2019 o \u2018ECL\u2019). Il modello <span class=\"_ _2\"> </span>presupp<span class=\"_ _0\"></span>one <span class=\"_ _2\"> </span>u<span class=\"_ _0\"></span>n <span class=\"_ _2\"> </span>li<span class=\"_ _0\"></span>vello <span class=\"_ _2\"> </span>si<span class=\"_ _0\"></span>gnificativo <span class=\"_ _2\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>valutazione <span class=\"_ _9\"> </span>in <span class=\"_ _2\"> </span>merito <span class=\"_ _2\"> </span>all'impatto <span class=\"_ _9\"> </span>dei cambiamenti dei <span class=\"_ _0\"></span>fattori economici sul<span class=\"_ _0\"></span>l'ECL che sa<span class=\"_ _0\"></span>ranno ponderati in <span class=\"_ _0\"></span>base all<span class=\"_ _0\"></span>e probabilit\u00e0. Il nuovo<span class=\"_ _0\"></span> modell<span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> perdita <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>riduzione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>si appl<span class=\"_ _0\"></span>ica all<span class=\"_ _0\"></span>e attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>finanziarie val<span class=\"_ _0\"></span>utate <span class=\"_ _0\"></span>al costo ammo<span class=\"_ _0\"></span>rtizzato o al<span class=\"_ _0\"></span> FVOCI, <span class=\"_ _0\"></span>fatta eccezione<span class=\"_ _0\"></span> per i titol<span class=\"_ _0\"></span>i di capitale<span class=\"_ _0\"></span> e le attivit\u00e0<span class=\"_ _0\"></span> derivanti da<span class=\"_ _0\"></span> contratti con i clien<span class=\"_ _0\"></span>ti. Il <span class=\"_ _17\"> </span>principio <span class=\"_ _17\"> </span>prevede <span class=\"_ _17\"> </span>che <span class=\"_ _17\"> </span>i <span class=\"_ _19\"> </span>fondi <span class=\"_ _17\"> </span>a <span class=\"_ _19\"> </span>copertura <span class=\"_ _17\"></span>su <span class=\"_ _17\"></span>crediti <span class=\"_ _17\"> </span>siano <span class=\"_ _17\"> </span>valutati <span class=\"_ _17\"> </span>utilizzando <span class=\"_ _17\"> </span>i <span class=\"_ _19\"> </span>seguenti approcci <span class=\"_ _15\"> </span>metodologici<span class=\"_ _0\"></span>: <span class=\"_ _18\"> </span>il <span class=\"_ _15\"> </span>\u201cGeneral <span class=\"_ _15\"> </span>deteriora<span class=\"_ _0\"></span>tion <span class=\"_ _15\"> </span>method\u201d <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>il <span class=\"_ _18\"> </span>\u201cSimplifi<span class=\"_ _0\"></span>ed <span class=\"_ _15\"> </span>approach\u201d; <span class=\"_ _18\"> </span><span class=\"ff2\">in </span>particolare: \u2022<span class=\"ff2\"> <span class=\"_ _30\"> </span></span>ll <span class=\"_ _a\"></span>\u201cGeneral <span class=\"_ _a\"></span>deterioration <span class=\"_ _a\"></span>method\u201d <span class=\"_ _a\"></span>richiede <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>classificazi<span class=\"_ _0\"></span>one <span class=\"_ _a\"></span>in <span class=\"_ _17\"> </span>tre <span class=\"_ _a\"></span>stage <span class=\"_ _a\"></span>degli <span class=\"_ _a\"></span>strumenti finanziari <span class=\"_ _1\"></span>inclusi nel <span class=\"_ _1\"></span>perimetro <span class=\"_ _4\"></span>di applicazione <span class=\"_ _1\"></span>dell\u2019IFR<span class=\"_ _0\"></span>S <span class=\"_ _1\"></span>9. <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>tre <span class=\"_ _1\"></span>stage <span class=\"_ _1\"></span>riflettono <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>livello di<span class=\"_ _1\"></span> deterioramento <span class=\"_ _17\"> </span>della <span class=\"_ _19\"> </span>qualit\u00e0 <span class=\"_ _17\"> </span>del <span class=\"_ _19\"> </span>credito <span class=\"_ _19\"> </span>dal <span class=\"_ _19\"> </span>momento <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>cui <span class=\"_ _16\"> </span>lo <span class=\"_ _17\"> </span>str<span class=\"_ _1\"></span>umento <span class=\"_ _17\"> </span>finanziario <span class=\"_ _19\"> </span>\u00e8 acquisito e compo<span class=\"_ _0\"></span>rtano una di<span class=\"_ _0\"></span>fferente modal<span class=\"_ _0\"></span>it\u00e0 di calcol<span class=\"_ _0\"></span>o dell\u2019EC<span class=\"_ _0\"></span>L;<span class=\"_ _1\"></span><span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _30\"> </span></span>ll <span class=\"_ _0\"></span>\u201cSimpli<span class=\"_ _0\"></span>fied <span class=\"_ _0\"></span>approach\u201d <span class=\"_ _3\"></span>prevede, pe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>cr<span class=\"_ _1\"></span>editi <span class=\"_ _3\"></span>commerciali, <span class=\"_ _0\"></span>contrac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>asset <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>crediti <span class=\"_ _0\"></span>derivan<span class=\"_ _0\"></span>ti da <span class=\"_ _1\"></span>contratti <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>leasing, <span class=\"_ _1\"></span>l\u2019adozione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>alcune <span class=\"_ _4\"></span>sempl<span class=\"_ _0\"></span>ificazioni, <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>in<span class=\"ff2\">e <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>evitare <span class=\"_ _1\"></span>che <span class=\"_ _4\"></span>le <span class=\"_ _1\"></span>entit\u00e0 </span>siano <span class=\"_ _4\"></span>costrette <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>monitorare <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>cambiamenti <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>credito, <span class=\"_ _4\"></span>cos\u00ec <span class=\"_ _4\"></span>come <span class=\"_ _4\"></span>previsto <span class=\"_ _4\"></span>dal modello <span class=\"_ _14\"> </span>generale. <span class=\"_ _14\"> </span>La <span class=\"_ _b\"> </span>rilevazion<span class=\"_ _0\"></span>e <span class=\"_ _b\"> </span>dell<span class=\"_ _0\"></span>a <span class=\"_ _b\"> </span>perdita<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>secondo <span class=\"_ _b\"> </span>l\u2019approcci<span class=\"_ _0\"></span>o <span class=\"_ _14\"> </span>semplificato <span class=\"_ _14\"> </span>deve essere <span class=\"_ _1\"></span>lifetime, <span class=\"_ _4\"></span>pertanto <span class=\"_ _1\"></span>non <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>richiesta <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>stage <span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>ocation. <span class=\"_ _4\"></span>Per <span class=\"_ _1\"></span>tale <span class=\"_ _4\"></span>tipologi<span class=\"_ _0\"></span>a, <span class=\"_ _4\"></span>pertanto, <span class=\"_ _1\"></span>i crediti sono<span class=\"_ _0\"></span> suddivi<span class=\"_ _0\"></span>si per <span class=\"_ _0\"></span>cluster o<span class=\"_ _0\"></span>mogenei, <span class=\"_ _0\"></span>con ri<span class=\"_ _0\"></span>ferimenti <span class=\"_ _0\"></span>ai quali<span class=\"_ _0\"></span> sono <span class=\"_ _0\"></span>successivamen<span class=\"_ _0\"></span>te determinati, <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>ogni <span class=\"_ _4\"></span>cluster, <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>parametri <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>riferimento<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>(PD, <span class=\"_ _4\"></span>LGD, <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>EAD) <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>calcolo delle lifetime expec<span class=\"_ _0\"></span>ted credit losses u<span class=\"_ _0\"></span>tilizzando le <span class=\"_ _0\"></span>informazioni disponi<span class=\"_ _0\"></span>bili. Nei <span class=\"_ _14\"> </span>casi <span class=\"_ _b\"> </span>in <span class=\"_ _14\"> </span>cui <span class=\"_ _b\"> </span>trova <span class=\"_ _14\"> </span>applicazione <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>General <span class=\"_ _b\"> </span>Deterioration<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>M<span class=\"_ _1\"></span>ethod, <span class=\"_ _14\"> </span>come <span class=\"_ _14\"> </span>anticipato, <span class=\"_ _14\"> </span>gli strumenti finanziari <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>classificati <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>tre <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>age <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>funzione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>deterioramento della <span class=\"_ _1\"></span>qualit\u00e0 creditizia tra la<span class=\"_ _0\"></span> data della rilevazi<span class=\"_ _0\"></span>one iniziale e qu<span class=\"_ _0\"></span>ella di valutazi<span class=\"_ _0\"></span>one: \u2022<span class=\"ff2\"> <span class=\"_ _2a\"> </span>Stage <span class=\"_ _5\"></span>1: <span class=\"_ _a\"></span>comprende <span class=\"_ _5\"></span>tutte <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _5\"></span>f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _a\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>esame <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>momento <span class=\"_ _17\"></span>della <span class=\"_ _a\"></span>loro <span class=\"_ _5\"></span>prima </span>rilevazione <span class=\"_ _3\"></span>(data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>rilevazi<span class=\"_ _0\"></span>one <span class=\"_ _3\"></span>iniziale) <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>prescindere <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>paramenti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>qualitativi <span class=\"_ _3\"></span>(es.: <span class=\"_ _3\"></span>rating)<span class=\"_ _0\"></span> e <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>eccezione <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>situazioni <span class=\"_ _3\"></span>con evidenze<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>oggettive <span class=\"_ _3\"></span>di impai<span class=\"_ _0\"></span>rment. <span class=\"_ _0\"></span>Perma<span class=\"_ _0\"></span>ngono <span class=\"_ _3\"></span>in stage<span class=\"_ _0\"></span> 1, in fase di valutazi<span class=\"_ _0\"></span>one successiva,<span class=\"_ _0\"></span> tutti gli strum<span class=\"_ _0\"></span>enti finanziari ch<span class=\"_ _0\"></span>e non hann<span class=\"_ _0\"></span>o avuto un aumento <span class=\"_ _1\"></span>significativo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>rischio <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>credito <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>rilevazi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>iniziale <span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>che abbi<span class=\"ls0\">ano <span class=\"_\"> </span>un <span class=\"_ _15\"> </span>basso <span class=\"_\"> </span>rischio <span class=\"_\"> </span>di <span class=\"_ _6\"> </span>credito <span class=\"_ _6\"> </span>alla <span class=\"_\"> </span>data <span class=\"_\"> </span>di <span class=\"_ _6\"> </span>r<span class=\"_ _1\"></span>iferimen<span class=\"_ _0\"></span>to. <span class=\"_ _6\"> </span>Per <span class=\"_\"> </span>tali <span class=\"_ _6\"> </span>attivit\u00e0 <span class=\"_\"> </span>sono </span>riconosciute <span class=\"_ _b\"> </span>le <span class=\"_ _14\"> </span>perdite <span class=\"_\"> </span>su <span class=\"_ _14\"> </span>crediti <span class=\"_\"> </span>at<span class=\"_ _0\"></span>tese <span class=\"_ _b\"> </span>nei <span class=\"_ _b\"> </span>prossimi <span class=\"_ _14\"> </span>12 <span class=\"_\"> </span>mesi <span class=\"_ _14\"> </span>(12<span class=\"_ _1\"></span>-month <span class=\"_ _14\"> </span>ECL) <span class=\"_\"> </span>che<span class=\"_ _0\"></span> rappresentano <span class=\"_ _16\"> </span>le <span class=\"_ _16\"> </span>perdite <span class=\"_ _14\"> </span>attese <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>considerazio<span class=\"_ _0\"></span>ne <span class=\"_ _16\"> </span>della <span class=\"_ _16\"> </span>possibilit\u00e0 <span class=\"_ _14\"> </span>che <span class=\"_ _16\"> </span>si <span class=\"_ _14\"> </span>verifichino<span class=\"_ _0\"></span> eventi di default nei prossimi 12 mesi. Gli interessi<span class=\"_ _0\"></span> degli strumenti finanziari compresi in stage 1 <span class=\"_ _0\"></span>sono calcol<span class=\"_ _0\"></span>ati sul<span class=\"_ _0\"></span> valore con<span class=\"_ _0\"></span>tabile <span class=\"_ _0\"></span>al lordo <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>eventuali <span class=\"_ _0\"></span>svalutazioni sul<span class=\"_ _0\"></span>l\u2019asset;<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _2a\"> </span>Stage <span class=\"_ _3\"></span>2: <span class=\"_ _3\"></span>comprende <span class=\"_ _0\"></span>gli <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>finanziari <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>hanno <span class=\"_ _0\"></span>avuto <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>aumento <span class=\"_ _0\"></span>significativo <span class=\"_ _3\"></span>del </span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>credito <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>alla <span class=\"_ _a\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>rilevazi<span class=\"_ _0\"></span>one <span class=\"_ _5\"></span>iniziale, <span class=\"_ _5\"></span>ma <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>non <span class=\"_ _5\"></span>hanno <span class=\"_ _5\"></span>evidenze oggettive di<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>mpairment<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Per <span class=\"_ _0\"></span>tali a<span class=\"_ _0\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>riconosciute solo <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rdite <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>crediti <span class=\"_ _0\"></span>atte<span class=\"_ _0\"></span>se derivanti <span class=\"_ _17\"> </span>da <span class=\"_ _19\"> </span>t<span class=\"_ _1\"></span>utti <span class=\"_ _17\"></span>i <span class=\"_ _19\"> </span>possibili <span class=\"_ _17\"></span>eventi <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>default <span class=\"_ _19\"> </span>lungo <span class=\"_ _19\"> </span>l<span class=\"ff6\">\u2019intera <span class=\"_ _19\"> </span>vita <span class=\"_ _19\"> </span>attesa <span class=\"_ _19\"> </span>dello <span class=\"_ _17\"> </span>strumento </span>finanziario <span class=\"_ _2b\"></span>(<span class=\"_ _1\"></span>Lifetime<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ECL). <span class=\"_ _3\"></span>Gli <span class=\"_ _3\"></span>interessi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>degli <span class=\"_ _3\"></span>strumenti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>finanziari <span class=\"_ _3\"></span>compresi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>stage <span class=\"_ _3\"></span>2 <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> calcolati sul valore<span class=\"_ _0\"></span> contabile al<span class=\"_ _0\"></span> lordo delle eventual<span class=\"_ _0\"></span>i svalutazioni sull<span class=\"_ _0\"></span>\u2019asset;<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _33\"> </span>Stage <span class=\"_ _5\"></span>3: <span class=\"_ _5\"></span>comprende <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _4\"></span>finanziarie <span class=\"_ _a\"></span>che <span class=\"_ _4\"></span>hanno <span class=\"_ _5\"></span>evidenze <span class=\"_ _5\"></span>oggettive <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>impairment </span>alla <span class=\"_ _3\"></span>data di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>valutazione. <span class=\"_ _0\"></span>Per <span class=\"_ _3\"></span>tali <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>riconosci<span class=\"_ _0\"></span>ute <span class=\"_ _3\"></span>solo le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>perdi<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>su c<span class=\"_ _0\"></span>rediti <span class=\"_ _3\"></span>attese derivanti da tu<span class=\"_ _0\"></span>tti i possibili<span class=\"_ _0\"></span> eventi di default lungo l<span class=\"_ _0\"></span>\u2019intera vita at<span class=\"_ _0\"></span>tesa dello st<span class=\"_ _0\"></span>rumento. <span class=\"ff2\"> </span>Disponibilit\u00e0 l<span class=\"_ _0\"></span>iquide e mezzi<span class=\"_ _0\"></span> equivalenti<span class=\"_ _0\"></span>  Le <span class=\"_ _15\"> </span>disponibili<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _15\"> </span>liquide <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>m<span class=\"_ _1\"></span>ezzi <span class=\"_ _15\"> </span>equivalenti <span class=\"_ _6\"> </span>sono <span class=\"_ _15\"> </span>contabilizzate <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>fair <span class=\"_ _18\"> </span>value <span class=\"_ _6\"> </span>e comprendono <span class=\"_ _15\"> </span>i <span class=\"_ _18\"> </span>depositi <span class=\"_ _18\"> </span>bancari, <span class=\"_ _15\"> </span>il <span class=\"_ _18\"> </span>denaro <span class=\"_ _18\"> </span>in <span class=\"_ _15\"> </span>cassa <span class=\"_ _18\"> </span>e <span class=\"_ _18\"> </span>altri <span class=\"_ _15\"> </span>valori <span class=\"_ _18\"> </span>equivalen<span class=\"_ _0\"></span>ti <span class=\"_ _18\"> </span>nonch\u00e9 investimenti <span class=\"_ _14\"> </span>con <span class=\"_ _b\"> </span>scaden<span class=\"_ _0\"></span>ze <span class=\"_ _14\"> </span>entro <span class=\"_ _b\"> </span>tre <span class=\"_ _14\"> </span>mesi <span class=\"_ _b\"> </span>dal<span class=\"_ _0\"></span>la <span class=\"_ _b\"> </span>data <span class=\"_ _b\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>acquisto, <span class=\"_ _b\"> </span>ossia <span class=\"_ _14\"> </span>quei <span class=\"_ _14\"> </span>valori <span class=\"_ _b\"> </span>che<span class=\"_ _0\"></span> possiedono <span class=\"_ _17\"></span>i <span class=\"_ _17\"></span>requisiti <span class=\"_ _17\"> </span>della <span class=\"_ _17\"> </span>disponibilit\u00e0 <span class=\"_ _17\"> </span>a <span class=\"_ _19\"> </span>vista <span class=\"_ _17\"></span>o <span class=\"_ _19\"> </span>a <span class=\"_ _17\"> </span>brevissimo <span class=\"_ _17\"> </span>termine, <span class=\"_ _17\"> </span>del <span class=\"_ _19\"> </span>buon <span class=\"_ _17\"></span>esito <span class=\"_ _17\"> </span>e dell\u2019assenza<span class=\"_ _0\"></span> di spese per la riscossi<span class=\"_ _0\"></span>one<span class=\"ff2\">. </span>Le disponibil<span class=\"_ _0\"></span>it\u00e0 in valuta estera sono <span class=\"_ _0\"></span>valutate al <span class=\"_ _0\"></span>tasso di cambio di<span class=\"_ _0\"></span> fine anno<span class=\"_ _0\"></span>. Strumenti finanzia<span class=\"_ _0\"></span>ri derivat<span class=\"_ _0\"></span>i In <span class=\"_ _b\"> </span>linea <span class=\"_ _14\"> </span>con <span class=\"_ _14\"> </span>quanto <span class=\"_\"> </span>p<span class=\"_ _0\"></span>revisto <span class=\"_ _14\"> </span>dall\u2019IFRS <span class=\"_ _14\"> </span>9, <span class=\"_ _b\"> </span>il <span class=\"_ _14\"> </span>Gruppo <span class=\"_ _b\"> </span>ha <span class=\"_ _14\"> </span>deciso, <span class=\"_ _b\"> </span>in <span class=\"_ _14\"> </span>fase <span class=\"_ _14\"> </span>di <span class=\"_ _b\"> </span>prima applicazion<span class=\"_ _0\"></span>e, <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>avvalersi <span class=\"_ _2b\"></span>della <span class=\"_ _3\"></span>possibili<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>continuare <span class=\"_ _3\"></span>ad <span class=\"_ _2b\"></span>applicare <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>disp<span class=\"_ _0\"></span>osizioni <span class=\"_ _3\"></span><span class=\"ff6\">dell<span class=\"_ _0\"></span>\u2019<span class=\"ff7\">hedge </span></span>accounting<span class=\"ff2\"> <span class=\"_ _a\"></span>previste <span class=\"_ _a\"></span>dallo <span class=\"_ _a\"></span>IAS <span class=\"_ _a\"></span>39. <span class=\"_ _a\"></span>Pertanto <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>disposizioni <span class=\"_ _a\"></span>relative <span class=\"_ _a\"></span>agli <span class=\"_ _a\"></span>strumenti <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>inanziari<span class=\"_ _0\"></span> </span>derivati sono rim<span class=\"_ _0\"></span>aste invaria<span class=\"_ _0\"></span>te. Il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>util<span class=\"_ _0\"></span>izza <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>f<span class=\"_ _1\"></span>inanziari <span class=\"_ _5\"></span>derivati, <span class=\"_ _5\"></span>utilizzati <span class=\"_ _4\"></span>con <span class=\"_ _a\"></span>l\u2019intento <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>copertura,<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>al fine di ridurre<span class=\"_ _0\"></span> il rischio di cambi<span class=\"_ _0\"></span>o, di tasso e<span class=\"_ _0\"></span> di variazioni<span class=\"_ _0\"></span> nei prezzi di merc<span class=\"_ _0\"></span>ato. Tutti gli strumenti<span class=\"_ _0\"></span> finanzi<span class=\"_ _0\"></span>ari derivati sono valutati <span class=\"_ _0\"></span>e contabilizzati al <span class=\"ff7\">fair<span class=\"_ _0\"></span> value<span class=\"ff2\">. </span></span>Le <span class=\"_ _19\"> </span>operazioni <span class=\"_ _17\"> </span>che <span class=\"_ _19\"> </span>soddisfano <span class=\"_ _17\"> </span>i <span class=\"_ _19\"> </span>requisiti <span class=\"_ _17\"> </span>per <span class=\"_ _19\"> </span>l\u2019appli<span class=\"_ _0\"></span>cazione <span class=\"_ _17\"> </span>dell\u2019<span class=\"ffd\">\u201chedge <span class=\"_ _19\"> </span>account<span class=\"ff7\">ing</span>\u201d<span class=\"ff2\"> </span></span>sono <span class=\"_ _17\"> </span>classificate <span class=\"_ _17\"> </span>come <span class=\"_ _17\"></span>operazioni <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>copertura, <span class=\"_ _17\"></span>mentre <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>altre, <span class=\"_ _19\"> </span>anche <span class=\"_ _17\"></span>se <span class=\"_ _17\"> </span>finalizzate <span class=\"_ _19\"> </span>alla gestione <span class=\"_ _15\"> </span>dei <span class=\"_ _6\"> </span>r<span class=\"_ _1\"></span>ischi, <span class=\"_ _6\"> </span>sono <span class=\"_ _15\"> </span>designate <span class=\"_ _15\"> </span>come <span class=\"_ _6\"> </span>aventi <span class=\"_ _15\"> </span>scopo <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>negoziazione. <span class=\"_ _6\"> </span>Pertanto, <span class=\"_ _15\"> </span>in<span class=\"_ _0\"></span> conseguenza<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>della <span class=\"_ _16\"> </span>m<span class=\"_ _1\"></span>ancata<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>presenza, <span class=\"_ _16\"> </span>alla <span class=\"_ _14\"> </span>data <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>sottoscri<span class=\"_ _0\"></span>zione, <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>alcuni <span class=\"_ _16\"> </span>dei <span class=\"_ _14\"> </span>r<span class=\"_ _1\"></span>equisiti formali <span class=\"_ _4\"></span>richiesti <span class=\"_ _4\"></span>dagli <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>FRS, <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>variazioni <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span><span class=\"ff7\">fair <span class=\"_ _4\"></span>value</span> <span class=\"_ _4\"></span>relativo <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>tali <span class=\"_ _4\"></span>operazioni <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>strumenti<span class=\"_ _0\"></span> derivati sono rileva<span class=\"_ _0\"></span>te a conto econo<span class=\"_ _0\"></span>mico. Per <span class=\"_ _b\"> </span>gli <span class=\"_ _b\"> </span>strumenti <span class=\"_ _14\"> </span>derivati <span class=\"_ _b\"> </span>che <span class=\"_ _b\"> </span>soddisfano <span class=\"_ _b\"> </span>i <span class=\"_ _14\"> </span>requisiti <span class=\"_ _14\"> </span>per <span class=\"_\"> </span>essere <span class=\"_ _b\"> </span>classi<span class=\"_ _0\"></span>ficati <span class=\"_ _b\"> </span>come<span class=\"_ _0\"></span> strumenti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>copertura, <span class=\"_ _4\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>successi<span class=\"_ _0\"></span>ve <span class=\"_ _1\"></span>variazioni <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span><span class=\"ff7\">fair <span class=\"_ _1\"></span>value</span> <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>contabi<span class=\"_ _0\"></span>lizzate <span class=\"_ _1\"></span>seguendo gli specifici crite<span class=\"_ _0\"></span>ri di segui<span class=\"_ _0\"></span>to indicati.  Relativamente <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>iascun <span class=\"_ _1\"></span>strumento <span class=\"_ _1\"></span>finanziario <span class=\"_ _1\"></span>derivato <span class=\"_ _4\"></span>qualifi<span class=\"_ _0\"></span>cato <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>la <span class=\"_ _1\"></span>rilevazione come strumento di <span class=\"_ _1\"></span>copertura, \u00e8 documentata la <span class=\"_ _1\"></span>sua relazi<span class=\"_ _1\"></span><span class=\"ff6\">one con <span class=\"_ _1\"></span>l\u2019oggetto della copertura, </span>compresi gl<span class=\"_ _0\"></span>i obiettivi<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>gestione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>rischio, l<span class=\"_ _0\"></span>a str<span class=\"_ _0\"></span>ategia di <span class=\"_ _0\"></span>copertura<span class=\"_ _0\"></span> e i<span class=\"_ _0\"></span> m<span class=\"_ _0\"></span>etodi per <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>verifica<span class=\"_ _0\"></span> dell\u2019efficacia. <span class=\"_ _0\"></span>L\u2019efficacia <span class=\"_ _0\"></span>di ciascu<span class=\"_ _0\"></span>na copertura \u00e8 <span class=\"_ _3\"></span>verifica<span class=\"ff2\">ta sia al <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>di accensi<span class=\"_ _0\"></span>one, sia </span>durante <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>sua <span class=\"_ _1\"></span>vita. <span class=\"_ _1\"></span>Ge<span class=\"ff6\">neralmente <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>copertura <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>considerata <span class=\"_ _1\"></span>altamente <span class=\"_ _1\"></span>\u201cefficace\u201d <span class=\"_ _1\"></span>se, <span class=\"_ _1\"></span>sia </span>all\u2019inizi<span class=\"_ _0\"></span>o che durante la<span class=\"_ _0\"></span> sua vita<span class=\"_ _0\"></span>, i cambia<span class=\"_ _0\"></span>menti de<span class=\"_ _0\"></span>l <span class=\"ff7\">fair value <span class=\"ff2\">(</span>fair <span class=\"_ _0\"></span>value hed<span class=\"_ _0\"></span>ge<span class=\"ff2\">) o dei <span class=\"_ _0\"></span>flussi di<span class=\"_ _0\"></span> </span></span>cassa <span class=\"_\"> </span>attesi <span class=\"_\"> </span>nel <span class=\"_\"> </span>futuro <span class=\"_\"> </span>(<span class=\"ff7\">cash <span class=\"_ _6\"> </span>flow <span class=\"_\"> </span>hedge<span class=\"ff6\">) <span class=\"_\"> </span>dell\u2019elemento <span class=\"_\"> </span>coperto <span class=\"_\"> </span>sono <span class=\"_\"> </span>sostanzialment<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </span></span>compensati dai ca<span class=\"_ _0\"></span>mbiamenti del<span class=\"_ _0\"></span> <span class=\"ff7\">fair value</span> dello st<span class=\"_ _0\"></span>rumento di coper<span class=\"_ _0\"></span>tura. Quando la <span class=\"_ _0\"></span>copertura <span class=\"_ _0\"></span>rigu<span class=\"_ _0\"></span>arda le va<span class=\"_ _0\"></span>riazioni<span class=\"_ _0\"></span> di <span class=\"ff7\">fair <span class=\"_ _0\"></span>value<span class=\"ff2\"> <span class=\"_ _0\"></span>di attivit\u00e0<span class=\"_ _0\"></span> o pas<span class=\"_ _0\"></span>sivit\u00e0 <span class=\"_ _0\"></span>iscritte i<span class=\"_ _0\"></span>n </span></span>bilancio (<span class=\"ff7\">fair value hedge</span>), sia <span class=\"_ _1\"></span>le variazioni del <span class=\"ff7\">f<span class=\"_ _1\"></span>air value</span> dello strumento di copertura, sia <span class=\"_ _1\"></span>le<span class=\"_ _0\"></span> variazioni dell<span class=\"_ _0\"></span>\u2019oggetto dell<span class=\"_ _0\"></span>a copertura sono impu<span class=\"_ _0\"></span>tate al conto<span class=\"_ _0\"></span> economico.<span class=\"ff2\"> </span>Nel <span class=\"_ _a\"></span>caso <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>copertura <span class=\"_ _a\"></span>finalizzate <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>neutralizzare <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>rischio <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>variazioni<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>nei <span class=\"_ _a\"></span>flussi <span class=\"_ _a\"></span>di cassa <span class=\"_ _19\"> </span>originati<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>dall\u2019esecuzion<span class=\"_ _0\"></span>e <span class=\"_ _19\"> </span>futura <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>obbligazioni <span class=\"_ _17\"> </span>contrattualmente <span class=\"_ _17\"> </span>definite <span class=\"_ _17\"> </span>alla da<span class=\"ls0\">ta <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>iferimento<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>del <span class=\"_ _17\"></span>bilan<span class=\"_ _0\"></span>cio <span class=\"_ _a\"></span>(<span class=\"_ _1\"></span><span class=\"ff7\">cash <span class=\"_ _a\"></span>flow <span class=\"_ _a\"></span>hedge</span>), <span class=\"_ _a\"></span>le <span class=\"_ _17\"></span>variazioni <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span><span class=\"ff7\">fair <span class=\"_ _17\"></span>value</span> <span class=\"_ _a\"></span>dello </span>strumento <span class=\"_ _1b\"> </span>derivato <span class=\"_ _1b\"> </span>registrate <span class=\"_ _1b\"> </span>successivamen<span class=\"_ _0\"></span>te <span class=\"_ _1b\"> </span>alla <span class=\"_ _30\"> </span>prima <span class=\"_ _1b\"> </span>rilevazione <span class=\"_ _1b\"> </span>sono contabilizzate, <span class=\"_ _15\"> </span>limitatamente <span class=\"_ _18\"> </span>alla <span class=\"_ _18\"> </span>sola <span class=\"_ _18\"> </span>quota <span class=\"_ _18\"> </span>efficace, <span class=\"_ _18\"> </span>nella<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>voce <span class=\"_ _18\"> </span>\u201c<span class=\"_ _1\"></span>Riserve\u201d<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>del patrimonio <span class=\"_ _2\"> </span>ne<span class=\"_ _0\"></span>tto, <span class=\"_ _2\"> </span>economico <span class=\"_ _9\"> </span>complessivo<span class=\"ls9\">. <span class=\"_ _9\"> </span></span>Quando <span class=\"_ _2\"> </span>si <span class=\"_ _2\"> </span>manifes<span class=\"_ _0\"></span>tano <span class=\"_ _2\"> </span>gl<span class=\"_ _0\"></span>i <span class=\"_ _2\"> </span>effetti economici <span class=\"_ _15\"> </span>originati <span class=\"_ _6\"> </span>dall\u2019oggetto <span class=\"_ _15\"> </span>della <span class=\"_ _15\"> </span>copertura<span class=\"_ _0\"></span>, <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>riserva <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _18\"> </span>riversata<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>Conto Economico fra<span class=\"_ _0\"></span> le compone<span class=\"_ _0\"></span>nti finanziarie<span class=\"ls3\">. </span>Qualora la cope<span class=\"_ _0\"></span>rtura non<span class=\"_ _0\"></span> sia perfetta<span class=\"_ _0\"></span>mente<span class=\"_ _0\"></span> efficace, <span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>variazione <span class=\"_ _3\"></span>di <span class=\"ff7\">fair <span class=\"_ _3\"></span>value<span class=\"ff2\"> del<span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>di copertura,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>riferibil<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>porzione<span class=\"_ _0\"></span> </span></span>inefficace <span class=\"_ _0\"></span>dello <span class=\"_ _0\"></span>stesso, <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>immediata<span class=\"_ _0\"></span>mente <span class=\"_ _0\"></span>rilevata <span class=\"_ _3\"></span>a conto econo<span class=\"_ _0\"></span>mico. <span class=\"_ _0\"></span>Se, <span class=\"_ _3\"></span>durant<span class=\"_ _1\"></span>e l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> vita <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>uno <span class=\"_ _a\"></span>strumen<span class=\"_ _0\"></span>to <span class=\"_ _a\"></span>derivato, <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>manifestarsi <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>flussi<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>cassa <span class=\"_ _a\"></span>previsti<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>oggetto<span class=\"_ _0\"></span> della <span class=\"_ _b\"> </span>copertura <span class=\"_ _b\"> </span>non <span class=\"_\"> </span>\u00e8 <span class=\"_ _14\"> </span>pi\u00f9 <span class=\"_\"> </span>considerato <span class=\"_ _b\"> </span>altamen<span class=\"_ _0\"></span>te <span class=\"_\"> </span>probabile, <span class=\"_ _b\"> </span>la <span class=\"_\"> </span>quo<span class=\"_ _0\"></span>ta <span class=\"_ _b\"> </span>della <span class=\"_ _b\"> </span>voce<span class=\"_ _0\"></span> \u201cRiserve\u201d <span class=\"_ _1e\"> </span>relativa<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>tal<span class=\"_ _0\"></span>e <span class=\"_ _1e\"> </span>strumento<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>viene <span class=\"_ _1e\"> </span>im<span class=\"_ _0\"></span>mediatamente <span class=\"_ _18\"> </span>riversata <span class=\"_ _1e\"> </span>nel <span class=\"_ _1e\"> </span>con<span class=\"_ _0\"></span>to economico dell\u2019<span class=\"_ _0\"></span>esercizio. Viceve<span class=\"_ _0\"></span>rsa, nel caso lo strumen<span class=\"_ _0\"></span>to derivato sia c<span class=\"_ _0\"></span>eduto o non sia <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _2b\"></span>qualificabile <span class=\"_ _3\"></span>come <span class=\"_ _2b\"></span>strumento <span class=\"_ _3\"></span>di <span class=\"_ _2b\"></span>copertura <span class=\"_ _3\"></span>efficace,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span><span class=\"ff6\">parte <span class=\"_ _2b\"></span>della <span class=\"_ _3\"></span>voce <span class=\"_ _3\"></span>\u201cRiserve<span class=\"_ _0\"></span>\u201d </span>rappresentativa<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>variazioni <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span><span class=\"ff7\">f<span class=\"_ _1\"></span>air <span class=\"_ _14\"> </span>value</span> <span class=\"_ _14\"> </span>dello <span class=\"_ _14\"> </span>strumento, <span class=\"_ _14\"> </span>sino <span class=\"_ _14\"> </span>a <span class=\"_ _14\"> </span>quel <span class=\"_ _14\"> </span>momento rilevata, <span class=\"_ _a\"></span>viene <span class=\"_ _a\"></span>mantenuta <span class=\"_ _a\"></span>quale <span class=\"_ _a\"></span>componen<span class=\"_ _0\"></span>te <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>patrimonio <span class=\"_ _a\"></span>netto <span class=\"_ _a\"></span>ed <span class=\"_ _17\"></span>\u00e8 <span class=\"_ _a\"></span>riversata <span class=\"_ _a\"></span>a conto <span class=\"_ _2c\"> </span>economico <span class=\"_ _2c\"> </span>seg<span class=\"_ _0\"></span>uendo <span class=\"_ _2c\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _2c\"> </span>criterio <span class=\"_ _2c\"> </span>di <span class=\"_ _2c\"> </span>classi<span class=\"_ _0\"></span>ficazione <span class=\"_ _2c\"> </span>sop<span class=\"_ _0\"></span>ra <span class=\"_ _2c\"> </span>descritto, contestualmente<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>al <span class=\"_ _9\"> </span>manifestarsi <span class=\"_ _2\"> </span>del<span class=\"_ _0\"></span>l\u2019operazione <span class=\"_ _9\"> </span>originariamente <span class=\"_ _2\"> </span>ogg<span class=\"_ _0\"></span>etto <span class=\"_ _2\"> </span>del<span class=\"_ _0\"></span>la copertura. Nel determinare<span class=\"_ _0\"></span> il <span class=\"ff7\">fair value<span class=\"_ _0\"></span><span class=\"ff2\"> degli strumenti<span class=\"_ _0\"></span> finanzi<span class=\"_ _0\"></span>ari sono state<span class=\"_ _0\"></span> utilizzate tecni<span class=\"_ _0\"></span>che di </span></span>pricing<span class=\"ff2\"> <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>fine <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>determinare <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>attuale <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>uturi <span class=\"_ _4\"></span>agli <span class=\"_ _5\"></span>stessi <span class=\"_ _5\"></span>attribuibil<span class=\"_ _0\"></span>i </span>mediante <span class=\"_ _4\"></span>l\u2019utilizzo <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>curve <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>mercato <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>alla <span class=\"_ _4\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valutazione. <span class=\"_ _4\"></span>\u00c8 <span class=\"_ _5\"></span>stata <span class=\"_ _4\"></span>inoltre valorizzata <span class=\"_ _a\"></span>la <span class=\"_ _17\"> </span>componente <span class=\"_ _17\"></span>relativa <span class=\"_ _17\"></span>al <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>ischio <span class=\"_ _a\"></span>inadempimento <span class=\"_ _a\"></span>(proprio <span class=\"_ _17\"></span>e <span class=\"_ _a\"></span>della <span class=\"_ _17\"></span>controparte) utilizzando una <span class=\"_ _0\"></span>metodologia deno<span class=\"_ _0\"></span>minata <span class=\"ff7\">spreadded curve<span class=\"_ _0\"></span><span class=\"ff2\">. </span></span>Livelli gerarchici<span class=\"_ _0\"></span> di valutazione<span class=\"_ _0\"></span> del fair<span class=\"_ _0\"></span> value In <span class=\"_ _1\"></span>relazione <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _1\"></span>finanziarie<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>rilevate <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span>Situazione Patrimoniale-Finanziaria al <span class=\"_ _1\"></span><span class=\"ff7\">fair <span class=\"_ _1\"></span>value<span class=\"ff6\">, <span class=\"_ _1\"></span>l\u2019IFRS 13 <span class=\"_ _1\"></span>richiede <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>tali valori <span class=\"_ _1\"></span>siano <span class=\"_ _1\"></span>classificati sulla <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>una<span class=\"_ _0\"></span> </span></span>gerarchia <span class=\"_ _3\"></span>di l<span class=\"_ _0\"></span>ivelli <span class=\"_ _3\"></span>che <span class=\"_ _0\"></span>rifletta <span class=\"_ _3\"></span>la <span class=\"_ _0\"></span>signi<span class=\"_ _0\"></span>ficativit\u00e0 <span class=\"_ _3\"></span>degli <span class=\"_ _0\"></span>input <span class=\"_ _3\"></span>utilizzati <span class=\"_ _0\"></span>nell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>nazione <span class=\"_ _3\"></span>del <span class=\"ff7\">fair<span class=\"_ _0\"></span> </span>value<span class=\"ff2\">. Si distinguono<span class=\"_ _0\"></span> i seguen<span class=\"_ _0\"></span>ti livelli<span class=\"_ _0\"></span>: </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Livello <span class=\"_ _1\"></span>1: <span class=\"_ _1\"></span>determinazione del <span class=\"_ _1\"></span><span class=\"ff7\">f<span class=\"_ _1\"></span>air value</span> <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>base a <span class=\"_ _1\"></span>prezzi <span class=\"_ _1\"></span>quotati <span class=\"_ _1\"></span>in m<span class=\"_ _1\"></span>ercati attivi <span class=\"_ _1\"></span>per </span></span>le <span class=\"_\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>per <span class=\"_\"> </span>l<span class=\"_ _0\"></span>e <span class=\"_\"> </span>passi<span class=\"_ _0\"></span>vit\u00e0 <span class=\"_\"> </span>ide<span class=\"_ _0\"></span>ntiche <span class=\"_\"> </span><span class=\"ff6\">a<span class=\"_ _0\"></span> <span class=\"_\"> </span>cui <span class=\"_ _b\"> </span>l\u2019<span class=\"_ _0\"></span>entit\u00e0 <span class=\"_\"> </span>pu<span class=\"_ _0\"></span>\u00f2 <span class=\"_ _b\"> </span>accedere <span class=\"_ _14\"> </span>alla <span class=\"_\"> </span>data <span class=\"_ _b\"> </span>di<span class=\"_ _0\"></span> </span>valutazione; \u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Livello <span class=\"_ _3\"></span>2: <span class=\"_ _3\"></span>deter<span class=\"_ _0\"></span>minazione <span class=\"_ _2b\"></span>del<span class=\"ff7\"> <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>value <span class=\"_ _2b\"></span><span class=\"ff2\">in <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>a <span class=\"_ _2b\"></span>input <span class=\"_ _3\"></span>diversi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>da <span class=\"_ _2b\"></span>prezzi <span class=\"_ _3\"></span>quotati <span class=\"_ _2b\"></span>inclusi </span></span></span></span>nel <span class=\"_\"> </span>\u201cLivello <span class=\"_\"> </span>1\u201d <span class=\"_\"> </span>ma <span class=\"_\"> </span>che<span class=\"_ _0\"></span> <span class=\"_\"> </span>sono <span class=\"_\"> </span>osservabili<span class=\"_ _0\"></span> <span class=\"_\"> </span>direttamente <span class=\"_\"> </span>(prezzi) <span class=\"_\"> </span>o<span class=\"_ _0\"></span> <span class=\"_\"> </span>indirettamente<span class=\"_ _3\"></span> (derivati dai prezzi<span class=\"_ _0\"></span>) per le attivi<span class=\"_ _0\"></span>t\u00e0 o per le passivi<span class=\"_ _0\"></span>t\u00e0; \u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Livello <span class=\"_ _4\"></span>3: <span class=\"_ _4\"></span>determ<span class=\"_ _1\"></span>inazion<span class=\"_ _0\"></span>e <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span><span class=\"ff7\">f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>value</span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>modelli <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>valutazione <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>input </span></span>non sono osservabil<span class=\"_ _0\"></span>i per le attivit\u00e0<span class=\"_ _0\"></span> o per le<span class=\"_ _0\"></span> passivit\u00e0. Per l<span class=\"_ _0\"></span>\u2019identificazion<span class=\"_ _0\"></span>e del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>livell<span class=\"_ _0\"></span>o gerar<span class=\"_ _0\"></span>chico <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valuta<span class=\"_ _0\"></span>zione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span><span class=\"ff7 ls9\">fa<span class=\"ls0\">ir<span class=\"_ _0\"></span> val<span class=\"_ _0\"></span>ue,<span class=\"ff2\"> <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>rinvi<span class=\"_ _0\"></span>a al<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>note<span class=\"_ _0\"></span> </span></span></span>relative alle attivi<span class=\"_ _0\"></span>t\u00e0 che sono valutate<span class=\"_ _0\"></span> al <span class=\"ff7\">fair value</span>.<span class=\"_ _0\"></span> Benefici per i dipende<span class=\"_ _0\"></span>nti La <span class=\"_ _1\"></span>passivit\u00e0 r<span class=\"_ _1\"></span>elativa ai <span class=\"_ _1\"></span>benefici <span class=\"_ _1\"></span>riconosciu<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>dipendenti ed <span class=\"_ _1\"></span>erogati <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>coincidenza o successivamente <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>cessazione <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>rapporto <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>lavoro <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>relativa <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>programmi <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>benefici<span class=\"_ _0\"></span> definiti <span class=\"_ _1\"></span>(TFR), <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>netto <span class=\"_ _1\"></span>dell<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>eventuali <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>servizio <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>piano, <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>determinata <span class=\"_ _1\"></span>sulla <span class=\"_ _4\"></span>base<span class=\"_ _0\"></span> di ipotesi attuarial<span class=\"_ _0\"></span>i stimando l\u2019ammon<span class=\"_ _0\"></span>tare dei ben<span class=\"_ _0\"></span>efici futuri che i di<span class=\"_ _0\"></span>pendenti hanno matu<span class=\"_ _0\"></span>rato alla <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>riferimento<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>passivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>per <span class=\"_ _2b\"></span>competenza <span class=\"_ _3\"></span>lungo <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>maturazion<span class=\"_ _0\"></span>e del diritto.  Relativamente<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>rattamento <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>Fine <span class=\"_ _0\"></span>Rappo<span class=\"_ _0\"></span>rto, <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>seguito <span class=\"_ _0\"></span>alle <span class=\"_ _3\"></span>modifiche <span class=\"_ _3\"></span>apportate <span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>a disciplina<span class=\"_ _0\"></span> dalla <span class=\"_ _0\"></span>Legge 27<span class=\"_ _0\"></span> dicemb<span class=\"_ _0\"></span>re 2006<span class=\"_ _0\"></span>, n<span class=\"_ _0\"></span>. 296<span class=\"_ _0\"></span> e <span class=\"_ _0\"></span>successivi<span class=\"_ _0\"></span> Dec<span class=\"_ _0\"></span>reti e<span class=\"_ _0\"></span> Reg<span class=\"_ _0\"></span>olamenti a<span class=\"_ _0\"></span>ttuativi<span class=\"_ _0\"></span> (\u2018Riforma Previdenzi<span class=\"_ _0\"></span>ale\u2019) emanati<span class=\"_ _0\"></span> nei primi mesi<span class=\"_ _0\"></span> del 2007, si<span class=\"_ _0\"></span> segnala che:<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _34\"> </span><span class=\"fc1\">il TFR maturato al 31 di<span class=\"_ _0\"></span>cembre 2006 continua ad <span class=\"_ _0\"></span>essere considerato<span class=\"_ _0\"></span> un piano a </span></span>benefici definiti;<span class=\"_ _0\"></span>  \u2022<span class=\"ff2\"> <span class=\"_ _34\"> </span><span class=\"fc1\">il <span class=\"_ _a\"></span>TFR <span class=\"_ _a\"></span>maturato <span class=\"_ _a\"></span>a <span class=\"_ _17\"></span>partire <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>1\u00b0 <span class=\"_ _a\"></span>gennaio <span class=\"_ _a\"></span>2007, <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>aziende <span class=\"_ _17\"></span>italiane<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>un </span></span>numero <span class=\"_ _3\"></span>di <span class=\"_ _2b\"></span>dipendenti <span class=\"_ _3\"></span>superio<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>50<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>unit\u00e0, <span class=\"_ _2b\"></span>\u00e8 <span class=\"_ _3\"></span>considerato <span class=\"_ _2b\"></span>un <span class=\"_ _3\"></span>piano <span class=\"_ _3\"></span>a <span class=\"_ _2b\"></span>contribuzione definita. La determinazione del valore attuale<span class=\"_ _0\"></span> degli impegni del Gruppo \u00e8 effett<span class=\"_ _0\"></span>uata da attuari<span class=\"_ _0\"></span> esterni <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>\u201c<span class=\"_ _1\"></span>metodo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>proiezione <span class=\"_ _4\"></span>unitaria<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>credito\u201d <span class=\"_ _4\"></span>(<span class=\"_ _1\"></span><span class=\"ff7\">Projected<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>Unit <span class=\"_ _4\"></span>Credit <span class=\"_ _4\"></span>Method<span class=\"ff2 lsc\">). </span></span>Con <span class=\"_ _4\"></span>tale <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>etodo, <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>passivit\u00e0 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>proiettata <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>futuro <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>determinare <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>probabile <span class=\"_ _1\"></span>amm<span class=\"_ _1\"></span>ontare<span class=\"_ _0\"></span> da<span class=\"ls0\"> <span class=\"_ _3\"></span>pagare <span class=\"_ _2b\"></span>al <span class=\"_ _3\"></span>momento <span class=\"_ _2b\"></span>della <span class=\"_ _3\"></span>risoluzione <span class=\"_ _2b\"></span>del <span class=\"_ _3\"></span>rapporto <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>lavoro <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _2b\"></span>poi <span class=\"_ _3\"></span>attuali<span class=\"_ _0\"></span>zzata, <span class=\"_ _3\"></span>scontando </span>i <span class=\"_ _19\"> </span>f<span class=\"_ _1\"></span>uturi <span class=\"_ _19\"> </span>flussi <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>cassa <span class=\"_ _16\"> </span>a <span class=\"_ _19\"> </span>un <span class=\"_ _16\"> </span>tasso <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>interesse <span class=\"_ _19\"> </span>pari <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>quello <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>obbligazioni <span class=\"_ _19\"> </span>(<span class=\"_ _4\"></span><span class=\"ff7\">high <span class=\"_ _19\"> </span>quality </span>corporate<span class=\"ff2\">) <span class=\"_ _4\"></span>emesse<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>nella <span class=\"_ _4\"></span>valuta <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _4\"></span>sar\u00e0 <span class=\"_ _4\"></span>liqui<span class=\"_ _0\"></span>data, <span class=\"_ _5\"></span><span class=\"ls2\">per</span> <span class=\"_ _4\"></span>tener <span class=\"_ _4\"></span>conto <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>tempo </span>che <span class=\"_ _4\"></span>trascorrer\u00e0 <span class=\"_ _4\"></span>prima <span class=\"_ _4\"></span>dell<span class=\"_ _0\"></span>\u2019effettivo <span class=\"_ _4\"></span>pagamento. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>calcolo <span class=\"_ _4\"></span>tiene <span class=\"_ _4\"></span>conto <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>TFR <span class=\"_ _4\"></span>maturato <span class=\"_ _4\"></span>per<span class=\"_ _0\"></span> prestazioni <span class=\"_ _18\"> </span>di <span class=\"_ _1e\"> </span>lavoro <span class=\"_ _18\"> </span>gi\u00e0 <span class=\"_ _18\"> </span>effettuate <span class=\"_ _1e\"> </span>ed<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>\u00e8 <span class=\"_ _18\"> </span>basato <span class=\"_ _1e\"> </span>su <span class=\"_ _18\"> </span>ipotesi <span class=\"_ _18\"> </span>attuariali <span class=\"_ _1e\"> </span>che <span class=\"_ _18\"> </span>riguardano<span class=\"_ _0\"></span> principalmente<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>interesse, <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>riflette <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>endimento <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>mercato <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>titoli <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>aziende<span class=\"_ _0\"></span> primarie <span class=\"_ _15\"> </span>con <span class=\"_ _6\"> </span>scadenza <span class=\"_ _15\"> </span>coerente <span class=\"_ _15\"> </span>con <span class=\"_ _6\"> </span>quella <span class=\"_ _15\"> </span>attesa <span class=\"_ _15\"> </span>dell\u2019obbli<span class=\"_ _0\"></span>gazione <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>il <span class=\"_ _18\"> </span>turnover<span class=\"ff2\"> <span class=\"_ _6\"> </span>dei </span>dipendenti. Per <span class=\"_ _17\"></span>le <span class=\"_ _17\"></span>quote <span class=\"_ _a\"></span>di <span class=\"_ _17\"> </span>TFR <span class=\"_ _17\"> </span>destinate <span class=\"_ _17\"></span>alla <span class=\"_ _a\"></span>previdenza <span class=\"_ _17\"></span>integrati<span class=\"_ _0\"></span>va <span class=\"_ _17\"></span>ovvero <span class=\"_ _a\"></span>al <span class=\"_ _17\"></span>fondo <span class=\"_ _17\"></span>INPS <span class=\"_ _a\"></span>a partire <span class=\"_ _1\"></span>dalla data <span class=\"_ _1\"></span>di opzione <span class=\"_ _1\"></span>esercitata dal <span class=\"_ _1\"></span>dipendente, il G<span class=\"_ _1\"></span>ruppo <span class=\"_ _1\"></span>non \u00e8 <span class=\"_ _1\"></span>debitore delle <span class=\"_ _1\"></span>quote di <span class=\"_ _3\"></span>TFR <span class=\"_ _0\"></span>matura<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>dopo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2006 <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>pertanto <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>calcolo <span class=\"_ _3\"></span>attuariale <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>TFR <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _3\"></span>esclusa la componente <span class=\"_ _0\"></span>relativa all<span class=\"_ _0\"></span>a dinamica salariale futu<span class=\"_ _0\"></span>ra. Gli <span class=\"_ _0\"></span>utili <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> perdi<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>attuari<span class=\"_ _0\"></span>ali, <span class=\"_ _0\"></span>definiti<span class=\"_ _0\"></span> qual<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>fferenza <span class=\"_ _3\"></span>tra il <span class=\"_ _3\"></span>valore di<span class=\"_ _0\"></span> bi<span class=\"_ _0\"></span>lancio <span class=\"_ _3\"></span>della passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>ed il valore <span class=\"_ _1\"></span>attuale degli <span class=\"_ _1\"></span>impegni del <span class=\"_ _1\"></span>Gruppo a <span class=\"_ _1\"></span>fine periodo, dovuta al <span class=\"_ _1\"></span>modificarsi dei <span class=\"_ _1\"></span>parametri<span class=\"_ _0\"></span> attuariali <span class=\"_ _3\"></span>utilizzati <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>precedenza, <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>imputati <span class=\"_ _3\"></span>direttamente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>nelle <span class=\"_ _3\"></span>altre <span class=\"_ _3\"></span>componenti <span class=\"_ _2b\"></span>del <span class=\"_ _0\"></span>Conto<span class=\"_ _0\"></span> Economico compl<span class=\"_ _0\"></span>essivo. La componente fina<span class=\"_ _0\"></span>nziaria \u00e8 invece iscrit<span class=\"_ _0\"></span>ta nel Conto Econ<span class=\"_ _0\"></span>omico nell<span class=\"_ _0\"></span>a voce proventi ed oneri finanziari.<span class=\"_ _0\"></span> Fondi  I Fondi <span class=\"_ _0\"></span>riguardano<span class=\"_ _0\"></span> costi <span class=\"_ _0\"></span>e on<span class=\"_ _0\"></span>eri di<span class=\"_ _0\"></span> natura <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>nata e<span class=\"_ _0\"></span> di esi<span class=\"_ _0\"></span>stenza <span class=\"_ _0\"></span>certa <span class=\"_ _0\"></span>o probabil<span class=\"_ _0\"></span>e che <span class=\"_ _16\"> </span>alla <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>chiusura <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span><span class=\"ff6\">periodo <span class=\"_ _16\"> </span>sono <span class=\"_ _14\"> </span>indeterminati <span class=\"_ _19\"> </span>nell\u2019ammontare <span class=\"_ _19\"> </span>o <span class=\"_ _14\"> </span>nella <span class=\"_ _19\"> </span>data <span class=\"_ _14\"> </span>di </span>sopravvenienza.<span class=\"ffb fc0\"> </span>Gli <span class=\"_ _4\"></span>accantonamen<span class=\"_ _0\"></span>ti <span class=\"_ _4\"></span>ai <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ondi <span class=\"_ _1\"></span>sono <span class=\"_ _4\"></span>rilevati <span class=\"_ _4\"></span>quando<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>riferimento, <span class=\"_ _1\"></span>esiste <span class=\"_ _4\"></span>una obbligazion<span class=\"_ _0\"></span>e legale o <span class=\"_ _1\"></span>impli<span class=\"_ _0\"></span>cita, che deriva da un evento passato, e sia probabil<span class=\"_ _0\"></span>e un esborso di<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff6\">risorse <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>soddisfare <span class=\"_ _1\"></span>l'obbligazione e <span class=\"_ _4\"></span>l\u2019ammon<span class=\"_ _0\"></span>tare <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>tale <span class=\"_ _1\"></span>esborso <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>stimabile. Q<span class=\"_ _1\"></span>uando </span></span>l\u2019effetto <span class=\"_ _4\"></span>finanziario <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>tempo <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>significativo <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>date <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>pagamento<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>obbligazioni <span class=\"_ _1\"></span>sono attendibilmente <span class=\"_ _8\"> </span>stimabili, <span class=\"_ _8\"> </span>l\u2019accantonamento <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _8\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _8\"> </span>attualizzazio<span class=\"ff2\">ne; <span class=\"_ _9\"> </span>l'incre<span class=\"_ _0\"></span>mento </span>dell'accantonamen<span class=\"_ _0\"></span>to dov<span class=\"_ _0\"></span>uto al <span class=\"_ _0\"></span>trascorrere<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>tempo <span class=\"_ _0\"></span>\u00e8 ril<span class=\"_ _0\"></span>evato come<span class=\"_ _0\"></span> onere<span class=\"_ _0\"></span> finanziario.<span class=\"_ _0\"></span> Se la<span class=\"_ _0\"></span> passivit\u00e0 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>relativa <span class=\"_ _4\"></span>ad <span class=\"_ _5\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _4\"></span>materiali, <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>fondo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _4\"></span>rilevato <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>contropartita <span class=\"_ _4\"></span>all\u2019<span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>cui <span class=\"_ _5\"></span>si riferisce; <span class=\"_ _b\"> </span>la<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>rilevazione<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>dell\u2019onere <span class=\"_ _b\"> </span>a <span class=\"_ _b\"> </span>Cont<span class=\"ff2\">o <span class=\"_ _b\"> </span>eco<span class=\"_ _0\"></span>nomico <span class=\"_ _14\"> </span>avviene <span class=\"_ _b\"> </span>attraverso <span class=\"_ _14\"> </span>il <span class=\"_ _b\"> </span>processo<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>di </span>ammortamen<span class=\"_ _0\"></span>to dell\u2019immob<span class=\"_ _0\"></span>ilizzazione material<span class=\"_ _0\"></span>e alla qual<span class=\"_ _0\"></span>e l\u2019onere stesso si<span class=\"_ _0\"></span> riferisce.<span class=\"ff2\"> </span>In <span class=\"_ _3\"></span>presenza <span class=\"_ _3\"></span>di <span class=\"_ _2b\"></span>un\u2019obbligazione <span class=\"_ _2b\"></span>per <span class=\"_ _3\"></span>smantellamento <span class=\"_ _2b\"></span>e <span class=\"_ _3\"></span>ripristino <span class=\"_ _3\"></span>siti <span class=\"_ _3\"></span>(es. <span class=\"_ _2b\"></span>terreni <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>cava), \u00e8 <span class=\"_ _17\"></span>costituito <span class=\"_ _a\"></span>uno <span class=\"_ _17\"> </span>specifico <span class=\"_ _17\"></span>fondo <span class=\"_ _17\"></span>i <span class=\"_ _17\"> </span><span class=\"ff6\">cui <span class=\"_ _17\"> </span>accantonamenti <span class=\"_ _a\"></span>sono <span class=\"_ _17\"> </span>determinati <span class=\"_ _17\"> </span>in <span class=\"_ _a\"></span>base <span class=\"_ _17\"> </span>all\u2019utilizzo </span>dell\u2019attivit\u00e0 ma<span class=\"_ _0\"></span>teriale cui si riferisce<span class=\"_ _0\"></span>.<span class=\"ff2\"> </span>Contributi I contributi sono rileva<span class=\"_ _0\"></span>ti al <span class=\"ff7\">fair value</span> quando vi \u00e8 la ragionevole certezza<span class=\"_ _0\"></span> che saranno ricevuti e che saranno<span class=\"_ _0\"></span> soddi<span class=\"_ _0\"></span>sfatte le condizioni<span class=\"_ _0\"></span> previst<span class=\"ff6\">e per l\u2019ottenimento<span class=\"_ _0\"></span> degli<span class=\"_ _0\"></span> stessi.<span class=\"ff2\"> </span></span>I <span class=\"_ _4\"></span>contributi <span class=\"_ _1\"></span>ricevuti <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>fron<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>specifici <span class=\"_ _1\"></span>beni <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>cui <span class=\"_ _4\"></span>valore <span class=\"_ _1\"></span>viene <span class=\"_ _4\"></span>iscritto <span class=\"_ _1\"></span>tra <span class=\"_ _4\"></span>le <span class=\"_ _1\"></span>immobilizzazioni sono <span class=\"_ _19\"> </span>r<span class=\"_ _1\"></span>ilevati <span class=\"_ _19\"> </span>o <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>diretta<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>riduzione <span class=\"_ _19\"> </span>delle <span class=\"_ _16\"> </span>immobil<span class=\"_ _0\"></span>izzazioni <span class=\"_ _19\"> </span>stesse <span class=\"_ _16\"> </span>o <span class=\"_ _19\"> </span>tra <span class=\"_ _16\"> </span>le <span class=\"_ _19\"> </span>altre <span class=\"_ _16\"> </span>passivit\u00e0 <span class=\"_ _16\"> </span>e accreditati <span class=\"_ _16\"> </span>a <span class=\"_ _14\"> </span>Conto <span class=\"_ _14\"> </span>eco<span class=\"_ _0\"></span>nomico <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>relazione <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>periodo <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>ammorta<span class=\"_ _0\"></span>mento <span class=\"_ _16\"> </span>dei <span class=\"_ _14\"> </span>beni <span class=\"_ _16\"> </span>cui <span class=\"_ _14\"> </span>si riferiscono. I <span class=\"_ _14\"> </span>contributi <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>conto <span class=\"_ _14\"> </span>esercizi<span class=\"_ _0\"></span>o <span class=\"_ _14\"> </span>sono <span class=\"_ _16\"> </span>rilevati <span class=\"_ _14\"> </span>integralmente <span class=\"_ _16\"> </span>a <span class=\"_ _14\"> </span>Conto <span class=\"_ _14\"> </span>econ<span class=\"_ _0\"></span>omico <span class=\"_ _14\"> </span>nel<span class=\"_ _0\"></span> momento in cui sono<span class=\"_ _0\"></span> soddi<span class=\"_ _0\"></span>sfatte le condizioni di<span class=\"_ _0\"></span> iscrivibi<span class=\"_ _0\"></span>lit\u00e0. Ricavi da contrat<span class=\"_ _0\"></span>ti con i clien<span class=\"_ _0\"></span>ti  La <span class=\"_ _19\"> </span>Societ\u00e0 <span class=\"_ _19\"> </span>rileva <span class=\"_ _19\"> </span>i <span class=\"_ _19\"> </span>ricavi <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>modo <span class=\"_ _19\"> </span>che <span class=\"_ _16\"> </span>il <span class=\"_ _19\"> </span>trasferimento <span class=\"_ _17\"> </span>al <span class=\"_ _16\"> </span>cliente<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>beni <span class=\"_ _17\"> </span>e/o <span class=\"_ _16\"> </span>servizi <span class=\"_ _17\"> </span>risulti<span class=\"_ _1\"></span> espresso <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>importo <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>rifletta <span class=\"_ _a\"></span>il <span class=\"_ _4\"></span>corrispettivo <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>Societ\u00e0 <span class=\"_ _5\"></span>ritiene <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>avere <span class=\"_ _5\"></span>diritto quale compenso per<span class=\"_ _0\"></span> il trasferimento<span class=\"_ _0\"></span> dei beni e<span class=\"_ _0\"></span>/o servizi stessi. La <span class=\"_ _0\"></span>rilevazion<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>dei <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>icavi <span class=\"_ _3\"></span>avviene <span class=\"_ _0\"></span>attraverso <span class=\"_ _3\"></span>i<span class=\"ff6\">l \u201c<span class=\"ff7\">five <span class=\"_ _3\"></span>step <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>odel <span class=\"_ _3\"></span>framework<span class=\"ff6 lsc\">\u201d </span><span class=\"ff2\">il <span class=\"_ _3\"></span>quale <span class=\"_ _0\"></span>prevede: </span></span></span>1)<span class=\"ls0\"> <span class=\"_ _31\"> </span><span class=\"ff6 lsf\">l\u2019</span>identificazione del<span class=\"_ _0\"></span> contratto; </span>2)<span class=\"ls0\"> <span class=\"_ _31\"> </span><span class=\"ff6 lsf\">l\u2019</span>identificazione dei<span class=\"_ _0\"></span> beni e servizi oggetto<span class=\"_ _0\"></span> del contrat<span class=\"_ _0\"></span>to; </span>3)<span class=\"ls0\"> <span class=\"_ _31\"> </span>la definizione del<span class=\"_ _0\"></span> prezzo dell<span class=\"_ _0\"></span>a transazione; </span>4)<span class=\"ls0\"> <span class=\"_ _31\"> </span><span class=\"ff6 lsf\">l\u2019</span>allocazione delle obbl<span class=\"_ _0\"></span>igazioni contrattuali<span class=\"_ _0\"></span> della componente<span class=\"_ _0\"></span> variabile del <span class=\"_ _0\"></span>prezzo; </span>5)<span class=\"ls0\"> <span class=\"_ _31\"> </span><span class=\"lsf\">il </span>trasferimento del cont<span class=\"_ _0\"></span>rollo. </span>I <span class=\"_ _3\"></span>ricavi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>valutati <span class=\"_ _3\"></span>tenendo <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>dei <span class=\"_ _2b\"></span>termini <span class=\"_ _3\"></span>contrattuali <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>pratiche <span class=\"_ _3\"></span>comme<span class=\"_ _0\"></span>rciali abitualmente <span class=\"_ _19\"> </span>applicate <span class=\"_ _16\"> </span><span class=\"ff6\">nei <span class=\"_ _16\"> </span>rapporti <span class=\"_ _16\"> </span>con <span class=\"_ _16\"> </span>i <span class=\"_ _19\"> </span>clienti. <span class=\"_ _16\"> </span>Il <span class=\"_ _16\"> </span>prezzo <span class=\"_ _16\"> </span>dell\u2019operazi<span class=\"_ _0\"></span>one <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>l\u2019importo <span class=\"_ _19\"> </span>del </span>corrispettivo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(che<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>includere <span class=\"_ _3\"></span>importi <span class=\"_ _3\"></span>fissi, <span class=\"_ _3\"></span>variabili <span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>entrambi<span class=\"_ _0\"></span>) <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cui <span class=\"_ _0\"></span>si <span class=\"_ _3\"></span>ritiene <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>avere <span class=\"_ _0\"></span>dirit<span class=\"_ _0\"></span>to in <span class=\"_ _5\"></span>cambio <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>rasferime<span class=\"_ _0\"></span>nto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>controllo <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>beni/servizi <span class=\"_ _4\"></span>promessi. <span class=\"_ _5\"></span>Per <span class=\"_ _5\"></span>controllo <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>intende genericamente <span class=\"_ _15\"> </span>la <span class=\"_ _18\"> </span>capacit\u00e0 <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>decidere <span class=\"_ _15\"> </span>dell\u2019uso <span class=\"_ _15\"> </span>dell\u2019attivit\u00e0 <span class=\"_ _18\"> </span>(bene/servi<span class=\"_ _0\"></span>zio) <span class=\"_ _18\"> </span>e <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>trarne sostanzialmente <span class=\"_ _0\"></span>tutti <span class=\"_ _0\"></span>i be<span class=\"_ _0\"></span>nefici <span class=\"_ _0\"></span>rimanenti. <span class=\"_ _0\"></span>Il co<span class=\"_ _0\"></span>rrispettivo<span class=\"_ _0\"></span> totale <span class=\"_ _0\"></span>dei<span class=\"_ _0\"></span> contratti <span class=\"_ _0\"></span>per la<span class=\"_ _0\"></span> pres<span class=\"_ _0\"></span>tazione di <span class=\"_ _3\"></span>servizi <span class=\"_ _3\"></span>viene <span class=\"_ _3\"></span>ripartito <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>tutti <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>servizi <span class=\"_ _3\"></span>sulla <span class=\"_ _2b\"></span>b<span class=\"_ _1\"></span>ase <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>prezzi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>vendita <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>relativi <span class=\"_ _3\"></span>servizi <span class=\"_ _3\"></span>come<span class=\"_ _0\"></span> se fossero stati vendu<span class=\"_ _0\"></span>ti si<span class=\"_ _0\"></span>ngolarmente.  N<span class=\"ff6\">ell\u2019ambi<span class=\"_ _0\"></span>to <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>ciascun <span class=\"_ _a\"></span>contratto, <span class=\"_ _17\"> </span>l\u2019elemen<span class=\"_ _0\"></span>to <span class=\"_ _17\"> </span>di <span class=\"_ _a\"></span>riferimento <span class=\"_ _17\"> </span>per <span class=\"_ _a\"></span>il <span class=\"_ _17\"> </span>riconoscimento<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>dei </span>ricavi <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>singolo <span class=\"_ _1\"></span>obbligo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>prestazione <span class=\"_ _1\"></span>(<span class=\"_ _1\"></span><span class=\"ff7\">performance obbligation</span>). <span class=\"_ _1\"></span>Per <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>obbligazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>di<span class=\"_ _1\"></span> fare, <span class=\"_ _a\"></span>separata<span class=\"_ _0\"></span>mente <span class=\"_ _5\"></span>individuata, <span class=\"_ _a\"></span>l\u2019entit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>rileva <span class=\"_ _5\"></span>i <span class=\"_ _a\"></span>ricavi <span class=\"_ _5\"></span>quando <span class=\"_ _a\"></span>(o <span class=\"_ _a\"></span>man <span class=\"_ _5\"></span>mano <span class=\"_ _a\"></span>che) <span class=\"_ _a\"></span>ade<span class=\"_ _0\"></span>mpie l\u2019obbli<span class=\"_ _0\"></span>gazione <span class=\"_ _6\"> </span>stessa, <span class=\"_ _15\"> </span>trasferendo <span class=\"_ _6\"> </span>al <span class=\"_ _6\"> </span>cliente <span class=\"_ _6\"> </span>il <span class=\"_ _6\"> </span>bene/servizio <span class=\"_ _6\"> </span>(<span class=\"_ _1\"></span>ossia <span class=\"_\"> </span>l\u2019attivit\u00e0) <span class=\"_ _15\"> </span>promesso.<span class=\"_ _0\"></span> L\u2019attivit\u00e0 \u00e8 trasfe<span class=\"_ _0\"></span>rita quand<span class=\"_ _0\"></span>o (o man mano<span class=\"_ _0\"></span> che<span class=\"ff2\">) il cliente ne acquisi<span class=\"_ _0\"></span>sce il c<span class=\"_ _0\"></span>ontrollo.  </span>Per <span class=\"_ _1\"></span>le obbligazioni di f<span class=\"_ _1\"></span>are adempiute <span class=\"_ _1\"></span>nel corso del <span class=\"_ _1\"></span>tempo i <span class=\"_ _1\"></span>ricavi vengono rilevati <span class=\"_ _1\"></span>nel corso <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>tempo <span class=\"_ _4\"></span>(<span class=\"_ _1\"></span>over<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>the <span class=\"_ _5\"></span>time), <span class=\"_ _5\"></span>valutando <span class=\"_ _5\"></span>alla <span class=\"_ _4\"></span>fine <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>ogni <span class=\"_ _5\"></span>esercizio <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>progressi <span class=\"_ _5\"></span>fatti <span class=\"_ _5\"></span>verso l\u2019adempimento completo <span class=\"_ _1\"></span>dell\u2019obb<span class=\"ff2\">ligazione. Per <span class=\"_ _4\"></span>la <span class=\"_ _1\"></span>valutazione <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>progressi possono <span class=\"_ _1\"></span>essere </span>utilizzati modelli basati su dati <span class=\"_ _1\"></span>di input o <span class=\"_ _1\"></span>su dati di output. Il Gruppo <span class=\"_ _1\"></span>utili<span class=\"_ _0\"></span>zza il Metodo basato sugli input (cost-<span class=\"ls9\">to<span class=\"_ _0\"></span><span class=\"ls0\">-cost method). Secondo<span class=\"_ _0\"></span> tale ultima metodologi<span class=\"_ _0\"></span>a, i ricavi sono rilevati sull<span class=\"_ _0\"></span>a </span></span>base degli<span class=\"_ _0\"></span> input impi<span class=\"_ _0\"></span>egati pe<span class=\"_ _0\"></span>r adempiere <span class=\"_ _0\"></span>l\u2019obbli<span class=\"_ _0\"></span>gazione fino<span class=\"_ _0\"></span> alla <span class=\"_ _0\"></span>data, rispe<span class=\"_ _0\"></span>tto agli <span class=\"_ _0\"></span>input to<span class=\"_ _0\"></span>tali ipotizzati <span class=\"_ _2\"> </span>per <span class=\"_ _2\"> </span>adempiere <span class=\"_ _2\"> </span>l\u2019intera <span class=\"_ _2\"> </span>obbligazione. <span class=\"_ _2\"> </span>Quando <span class=\"_ _2\"> </span>gli <span class=\"_ _2\"> </span>input <span class=\"_ _2\"> </span>risultano <span class=\"_ _2\"> </span>distribuiti uniformemen<span class=\"_ _0\"></span>te <span class=\"_ _14\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>tem<span class=\"_ _0\"></span>po, <span class=\"_ _14\"> </span>la<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>Societ\u00e0 <span class=\"_ _14\"> </span>rileva<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>i <span class=\"_ _14\"> </span>corrispondenti<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>ricavi <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>m<span class=\"_ _1\"></span>aniera <span class=\"_ _16\"> </span>lineare. <span class=\"_ _16\"> </span>In determinate <span class=\"_ _5\"></span>circostanze, <span class=\"_ _a\"></span>quando <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>grado <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>valutare <span class=\"_ _a\"></span>ragionevolmente <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>risultato dell\u2019obbliga<span class=\"_ _0\"></span>zione di fare, i ricavi<span class=\"_ _0\"></span> vengono rilevati s<span class=\"_ _0\"></span>olo fino a concor<span class=\"_ _0\"></span>renza d<span class=\"_ _0\"></span>ei costi sostenu<span class=\"_ _0\"></span>ti.<span class=\"ff2\"> </span>Per le tipolog<span class=\"_ _0\"></span>ie di prodotti e ser<span class=\"_ _0\"></span>vizi prestati si rinvi<span class=\"_ _0\"></span>a alla Nota n. 24<span class=\"_ _0\"></span>. Corrispettivi variabi<span class=\"_ _0\"></span>li Se <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>corrispettivo<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>contrattuale <span class=\"_ _1\"></span>include <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>importo <span class=\"_ _1\"></span>variabile <span class=\"_ _4\"></span>(ad <span class=\"_ _4\"></span>esempio <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>seguito <span class=\"_ _4\"></span>di riduzioni, <span class=\"_ _16\"> </span>sconti, <span class=\"_ _19\"> </span>r<span class=\"_ _1\"></span>imbor<span class=\"_ _0\"></span>si, <span class=\"_ _16\"> </span>crediti, <span class=\"_ _16\"> </span>concessioni <span class=\"_ _16\"> </span>sul <span class=\"_ _19\"> </span>prezzo,<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>incentivi, <span class=\"_ _16\"> </span>premi <span class=\"_ _19\"> </span>di <span class=\"_ _14\"> </span>rendimento,<span class=\"_ _0\"></span> penalit\u00e0 <span class=\"_ _a\"></span>oppure <span class=\"_ _a\"></span>perch\u00e9 <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>corr<span class=\"_ _1\"></span>ispettivo <span class=\"_ _a\"></span>stesso <span class=\"_ _a\"></span>dip<span class=\"_ _0\"></span>ende <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>verificarsi <span class=\"_ _a\"></span>o <span class=\"_ _a\"></span>meno <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>evento futuro <span class=\"_ _1\"></span>incerto), <span class=\"_ _1\"></span>l\u2019importo del <span class=\"_ _1\"></span>corrispettivo <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>ritiene <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>avere <span class=\"_ _4\"></span>diritto deve <span class=\"_ _1\"></span>essere <span class=\"_ _1\"></span>stimato. <span class=\"_ _1\"></span>Il Gruppo <span class=\"_ _16\"> </span><span class=\"ff2\">stima <span class=\"_ _14\"> </span>i <span class=\"_ _16\"> </span>corrispettivi <span class=\"_ _16\"> </span>variabil<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>maniera <span class=\"_ _16\"> </span>coerente <span class=\"_ _14\"> </span>per <span class=\"_ _16\"> </span>fattispecie <span class=\"_ _16\"> </span>simili, <span class=\"_ _16\"> </span>usando <span class=\"_ _16\"> </span>il </span>metodo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>valore <span class=\"_ _2b\"></span>atteso <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>del <span class=\"_ _2b\"></span>valore <span class=\"_ _3\"></span><span class=\"ff6\">dell\u2019importo <span class=\"_ _3\"></span>maggiormen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>probabile; <span class=\"_ _2b\"></span>in <span class=\"_ _3\"></span>seguito, <span class=\"_ _3\"></span>include </span>l\u2019importo <span class=\"_ _1\"></span>stimato <span class=\"_ _4\"></span>del <span class=\"_ _1\"></span>corrispettivo <span class=\"_ _1\"></span>variabile <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>pre<span class=\"_ _0\"></span>zzo <span class=\"_ _4\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>transizione <span class=\"_ _1\"></span>solo <span class=\"_ _4\"></span>nell<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>misura <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>cui tale importo risul<span class=\"_ _0\"></span>ta altamente p<span class=\"_ _0\"></span>robabile. Presenza di una co<span class=\"_ _0\"></span>mponente <span class=\"_ _0\"></span>finanziaria signi<span class=\"_ _0\"></span>ficativa I <span class=\"_ _8\"> </span>ricavi <span class=\"_ _23\"> </span>del <span class=\"_ _8\"> </span>Gruppo <span class=\"_ _23\"> </span>vengono <span class=\"_ _8\"> </span>rettificati <span class=\"_ _23\"> </span>in <span class=\"_ _8\"> </span>presenza <span class=\"_ _23\"> </span>di <span class=\"_ _8\"> </span>componenti<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>finanziarie significative, sia <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>stessa <span class=\"_ _1\"></span>risulta finanziata <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>proprio <span class=\"_ _1\"></span>cliente (incasso anticipato), <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>se lo <span class=\"_ _a\"></span>finanzia <span class=\"_ _5\"></span>(incassi <span class=\"_ _5\"></span>differiti). <span class=\"_ _5\"></span>La <span class=\"_ _a\"></span>presenza <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>componente <span class=\"_ _a\"></span>finanziaria<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>significat<span class=\"_ _1\"></span>iva <span class=\"_ _a\"></span>viene identificata alla <span class=\"_ _1\"></span>stipula <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>contratto, <span class=\"_ _1\"></span>comparando<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>ricavi <span class=\"_ _1\"></span>attesi con <span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>paga<span class=\"_ _0\"></span>menti <span class=\"_ _1\"></span>da r<span class=\"_ _1\"></span>icevere<span class=\"_ _0\"></span>. Essa <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>viene <span class=\"_ _4\"></span>rilevata <span class=\"_ _1\"></span>se <span class=\"_ _5\"></span>tra <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>momento <span class=\"_ _4\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>trasferimento <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>bene/ser<span class=\"_ _0\"></span>vizio <span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>momento del pagamento inte<span class=\"_ _0\"></span>rcorre un pe<span class=\"_ _0\"></span>riodo di tempo<span class=\"_ _0\"></span> inferiore ai 12 mesi.<span class=\"_ _0\"></span> Costi per l\u2019ottenimen<span class=\"_ _0\"></span>to e l\u2019<span class=\"_ _0\"></span>adempimento del cont<span class=\"_ _0\"></span>ratto<span class=\"ff7\"> </span>Il <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>capitalizza <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>sostenuti <span class=\"_ _2b\"></span>per <span class=\"_ _3\"></span>l\u2019ottenimento <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>contratto <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>avrebbe<span class=\"_ _0\"></span> sostenuto <span class=\"_\"> </span>s<span class=\"_ _0\"></span>e <span class=\"_\"> </span>non <span class=\"_\"> </span>l<span class=\"_ _0\"></span>o <span class=\"_\"> </span>av<span class=\"_ _0\"></span>esse <span class=\"_\"> </span>o<span class=\"_ _0\"></span>ttenuto <span class=\"_\"> </span>(es<span class=\"_ _0\"></span>. <span class=\"_\"> </span>co<span class=\"_ _0\"></span>mmissioni<span class=\"_ _0\"></span> <span class=\"_\"> </span>di <span class=\"_\"> </span>vendi<span class=\"_ _0\"></span>ta), <span class=\"_\"> </span>qu<span class=\"_ _0\"></span>ando <span class=\"_\"> </span>pre<span class=\"_ _0\"></span>vede <span class=\"_\"> </span>di<span class=\"_ _0\"></span> recuperarli. <span class=\"_ _2b\"></span>Il <span class=\"_ _3\"></span>Gr<span class=\"ff6\">uppo <span class=\"_ _3\"></span>capitalizza <span class=\"_ _2b\"></span>i <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>sostenuti <span class=\"_ _2b\"></span>per <span class=\"_ _3\"></span>l\u2019adempimen<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>contra<span class=\"_ _0\"></span>tto <span class=\"_ _3\"></span>solo <span class=\"_ _3\"></span>quand<span class=\"_ _0\"></span>o </span>questi <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>direttamen<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>correlati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>contratto,<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>consentono <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>disporre <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>nuove <span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>maggiori risorse per gli<span class=\"_ _0\"></span> adempimenti futuri e<span class=\"_ _0\"></span> si prevede<span class=\"_ _0\"></span> che tali costi<span class=\"_ _0\"></span> saranno recup<span class=\"_ _0\"></span>erati. Proventi e oneri<span class=\"_ _0\"></span> finanziari  I proventi e gli oneri <span class=\"_ _0\"></span>finanzi<span class=\"_ _0\"></span>ari sono rilevati per<span class=\"_ _0\"></span> competenza<span class=\"_ _0\"></span> sulla base deg<span class=\"_ _0\"></span>li interessi maturati sul valore<span class=\"_ _0\"></span> netto dell<span class=\"_ _0\"></span>e relative attivit\u00e0 e pa<span class=\"_ _0\"></span>ssivit\u00e0 finanziarie<span class=\"_ _0\"></span> utilizzando i<span class=\"_ _0\"></span>l tasso di interesse effet<span class=\"_ _0\"></span>tivo, utilizzando cio\u00e8<span class=\"_ _0\"></span> il tasso di inter<span class=\"_ _0\"></span>esse che rende finanzi<span class=\"_ _0\"></span>ariamente<span class=\"_ _0\"></span> equivalenti tutti i <span class=\"_ _0\"></span>flussi in entra<span class=\"_ _0\"></span>ta ed in uscita che<span class=\"_ _0\"></span> compongono una<span class=\"_ _0\"></span> deter<span class=\"_ _0\"></span>minata operazione.<span class=\"_ _0\"></span>  Dividendi I <span class=\"_ _6\"> </span>dividendi <span class=\"_ _6\"> </span>sono <span class=\"_ _6\"> </span>rilevati <span class=\"_ _6\"> </span>quando <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _6\"> </span>stabilito <span class=\"_ _6\"> </span>il <span class=\"_ _6\"> </span>diritto <span class=\"_ _6\"> </span>degli <span class=\"_ _6\"> </span>azionisti <span class=\"_ _6\"> </span>a <span class=\"_ _6\"> </span>ricevere <span class=\"_ _6\"> </span>il pagamento <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>normalmente<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>corrisponde <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>delibera <span class=\"_ _a\"></span>assembleare <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>distribuzione<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>degli stessi. La dist<span class=\"_ _0\"></span>ribuzione di<span class=\"_ _0\"></span> dividendi a<span class=\"_ _0\"></span> terzi vien<span class=\"_ _0\"></span>e quindi<span class=\"_ _0\"></span> registrata come<span class=\"_ _0\"></span> passivi<span class=\"_ _0\"></span>t\u00e0 nel Bil<span class=\"_ _0\"></span>ancio nel periodo in cui la<span class=\"_ _0\"></span> distribuzi<span class=\"_ _0\"></span>one viene approvata<span class=\"_ _0\"></span> dall\u2019Assembl<span class=\"_ _0\"></span>ea degli Azioni<span class=\"_ _0\"></span>sti.<span class=\"ff2\"> </span>Imposte Le <span class=\"_ _5\"></span>imposte <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>reddito <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>periodo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>determinate <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>base <span class=\"_ _a\"></span>alla<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>stima <span class=\"_ _5\"></span>del reddito <span class=\"_ _0\"></span>imponibi<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>conformit\u00e0 <span class=\"_ _3\"></span>alle <span class=\"_ _0\"></span>disposizion<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>in vigo<span class=\"_ _0\"></span>re; <span class=\"_ _0\"></span>si <span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>iene <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onto, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>noltre, <span class=\"_ _0\"></span>degli<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>effetti derivanti <span class=\"_ _16\"> </span>dall\u2019attivazion<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>nell\u2019ambito <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>alcune <span class=\"_ _16\"> </span>societ\u00e0 <span class=\"_ _16\"> </span>del <span class=\"_ _14\"> </span><span class=\"ff2\">Gruppo <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>consoli<span class=\"_ _0\"></span>dato <span class=\"_ _16\"> </span>fiscale </span>nazionale. Le <span class=\"_ _4\"></span>imposte<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>differite<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>attive <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>passive <span class=\"_ _1\"></span>sono <span class=\"_ _4\"></span>calcolate <span class=\"_ _1\"></span>sulle <span class=\"_ _4\"></span>differenze<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>temporanee<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>tra <span class=\"_ _1\"></span>i valori <span class=\"_ _a\"></span>patrimonial<span class=\"_ _0\"></span>i <span class=\"_ _a\"></span>iscritti <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>Bilanci<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>ed <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>corrispondenti <span class=\"_ _5\"></span>valori <span class=\"_ _a\"></span>riconosciuti <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>fini <span class=\"_ _a\"></span>fiscali, <span class=\"_ _a\"></span>in<span class=\"_ _0\"></span> base alle aliquote fiscali<span class=\"_ _0\"></span> e alla normativa fiscale vi<span class=\"_ _0\"></span>genti o sostanzialmente <span class=\"_ _0\"></span>in vigore alla data di riferimento del<span class=\"_ _0\"></span> bilancio. L\u2019iscrizione <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _14\"> </span>per <span class=\"_ _16\"> </span>imposte <span class=\"_ _14\"> </span><span class=\"ff2\">differite <span class=\"_ _14\"> </span>\u00e8 <span class=\"_ _14\"> </span>ef<span class=\"_ _0\"></span>fettuata <span class=\"_ _16\"> </span>quando <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>loro <span class=\"_ _16\"> </span>recupero <span class=\"_ _14\"> </span>\u00e8 </span>probabile, cio\u00e8 quando si prevede che po<span class=\"_ _0\"></span>ssano rendersi dispo<span class=\"_ _0\"></span>nibili in futuro imponibili<span class=\"_ _0\"></span> fiscali sufficienti a recup<span class=\"_ _0\"></span>erare l\u2019attivit\u00e0<span class=\"_ _0\"></span>.<span class=\"ff2\"> </span>La <span class=\"_ _5\"></span>recuperabilit\u00e0 <span class=\"_ _5\"></span>delle <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>imposte <span class=\"_ _5\"></span>differite <span class=\"_ _5\"></span>attive <span class=\"_ _5\"></span>viene <span class=\"_ _a\"></span>riesamina<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>ad <span class=\"_ _a\"></span>ogni chiusura di period<span class=\"_ _0\"></span>o. Le <span class=\"_ _a\"></span>imposte <span class=\"_ _a\"></span>correnti<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>differite <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>rilevate <span class=\"_ _a\"></span>nel <span class=\"_ _5\"></span>Conto <span class=\"_ _a\"></span>economico, <span class=\"_ _a\"></span>ad <span class=\"_ _a\"></span>eccezione <span class=\"_ _5\"></span>di<span class=\"_ _1\"></span> quelle <span class=\"_ _4\"></span>relative <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>voci <span class=\"_ _5\"></span>direttamente<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>addebitate <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>accreditate <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>Patrimonio <span class=\"_ _4\"></span>netto <span class=\"_ _5\"></span>attraverso <span class=\"_ _4\"></span>il conto <span class=\"_ _16\"> </span>economico <span class=\"_ _19\"> </span>complessivo,<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>nei <span class=\"_ _16\"> </span>cui <span class=\"_ _16\"> </span>casi <span class=\"_ _16\"> </span>l\u2019effetto <span class=\"_ _19\"> </span>fiscale <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _19\"> </span>riconosciuto <span class=\"_ _16\"> </span>direttamente <span class=\"_ _19\"> </span>a Patrimonio <span class=\"_ _a\"></span>netto. <span class=\"_ _17\"> </span>Le <span class=\"_ _19\"> </span>imposte<span class=\"_ _0\"></span> <span class=\"_ _17\"></span>correnti <span class=\"_ _17\"></span>e <span class=\"_ _17\"></span>differite <span class=\"_ _17\"></span>sono <span class=\"_ _17\"></span>compensate<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>quando <span class=\"_ _19\"> </span>le <span class=\"_ _17\"></span>imposte <span class=\"_ _a\"></span>sul reddito <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>applicate <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>medesima <span class=\"_ _3\"></span>autorit\u00e0 <span class=\"_ _3\"></span>fiscale, <span class=\"_ _3\"></span>vi <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>diritto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>legale <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>compensazione ed \u00e8 attesa una liqu<span class=\"_ _0\"></span>idazione del saldo<span class=\"_ _0\"></span> netto.  Le <span class=\"_ _4\"></span>altre <span class=\"_ _4\"></span>imposte<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>cor<span class=\"_ _0\"></span>relate <span class=\"_ _4\"></span>al <span class=\"_ _1\"></span>reddito, <span class=\"_ _4\"></span>come <span class=\"_ _4\"></span>le <span class=\"_ _1\"></span>tasse <span class=\"_ _4\"></span>sugli <span class=\"_ _4\"></span>immobili<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>incluse tra gli Altri costi ope<span class=\"_ _0\"></span>rativi. Discontinued <span class=\"_ _0\"></span>Operations e a<span class=\"_ _0\"></span>ttivit\u00e0 non<span class=\"_ _0\"></span> correnti possedute<span class=\"_ _0\"></span> per la ven<span class=\"_ _0\"></span>dita Le <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>non<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>correnti <span class=\"_ _3\"></span>(o <span class=\"_ _0\"></span>gruppi <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>dismission<span class=\"_ _0\"></span>e) <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>cui <span class=\"_ _0\"></span>valore<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>contabile<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sar\u00e0 <span class=\"_ _3\"></span>recuperato principalmente a<span class=\"_ _0\"></span>ttraverso <span class=\"_ _0\"></span>la vendi<span class=\"_ _0\"></span>ta anzich\u00e9 con<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>il loro util<span class=\"_ _0\"></span>izzo continuativ<span class=\"_ _0\"></span>o sono <span class=\"_ _0\"></span>classificate<span class=\"_ _0\"></span> come possedu<span class=\"_ _0\"></span>te per l<span class=\"_ _0\"></span>a ven<span class=\"_ _0\"></span>dita e rapp<span class=\"_ _0\"></span>resentate s<span class=\"_ _0\"></span>eparatamente<span class=\"_ _0\"></span> dalle <span class=\"_ _0\"></span>altre attivi<span class=\"_ _0\"></span>t\u00e0 e pa<span class=\"_ _0\"></span>ssivit\u00e0<span class=\"_ _0\"></span> della <span class=\"_ _15\"> </span>situazione <span class=\"_ _18\"> </span>finanziaria-<span class=\"ff6\">patrimonial<span class=\"_ _0\"></span>e. <span class=\"_ _18\"> </span>Perch\u00e9 <span class=\"_ _15\"> </span>ci\u00f2 <span class=\"_ _18\"> </span>si <span class=\"_ _18\"> </span>verifichi, <span class=\"_ _15\"> </span>l\u2019attivit\u00e0 <span class=\"_ _18\"> </span>(o <span class=\"_ _15\"> </span>gruppo <span class=\"_ _18\"> </span>in </span>dismissione)<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>deve essere disponibile per <span class=\"_ _1\"></span>la vendita immediata nella sua <span class=\"_ _1\"></span>condizi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>attuale, soggetta a <span class=\"_ _3\"></span>condizioni <span class=\"_ _0\"></span>che son<span class=\"_ _0\"></span>o d\u2019<span class=\"_ _0\"></span>uso e <span class=\"_ _0\"></span>consuetu<span class=\"_ _0\"></span>dine <span class=\"_ _0\"></span>per l<span class=\"_ _0\"></span>a vendi<span class=\"_ _0\"></span>ta di<span class=\"_ _0\"></span> tali<span class=\"_ _0\"></span> attivit\u00e0 <span class=\"_ _3\"></span>(o gruppi <span class=\"_ _0\"></span>in dismissione) <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>la <span class=\"_ _16\"> </span>vendit<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>deve <span class=\"_ _19\"> </span>essere <span class=\"_ _16\"> </span>altament<span class=\"_ _0\"></span>e <span class=\"_ _19\"> </span>probabile <span class=\"_ _19\"> </span>entro <span class=\"_ _16\"> </span>un <span class=\"_ _19\"> </span>anno. <span class=\"_ _19\"> </span>Se <span class=\"_ _19\"> </span>tali <span class=\"_ _19\"> </span>cr<span class=\"_ _1\"></span>iteri<span class=\"_ _0\"></span> vengono <span class=\"_ _4\"></span>s<span class=\"ff6\">oddisfa<span class=\"_ _0\"></span>tti <span class=\"_ _4\"></span>dopo <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>data <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>chiusura <span class=\"_ _1\"></span>dell\u2019esercizio, <span class=\"_ _4\"></span>l\u2019attivit\u00e0 <span class=\"_ _1\"></span>non <span class=\"_ _4\"></span>corrente <span class=\"_ _1\"></span>(o <span class=\"_ _4\"></span>gruppo </span>in <span class=\"_ _b\"> </span>dismissione)<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>non <span class=\"_ _14\"> </span>viene <span class=\"_ _b\"> </span>classifica<span class=\"_ _0\"></span>ta <span class=\"_ _14\"> </span>come <span class=\"_\"> </span>po<span class=\"_ _0\"></span>sseduta <span class=\"_ _14\"> </span>per <span class=\"_\"> </span>la<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>vendita<span class=\"_ _0\"></span>. <span class=\"_ _b\"> </span>Tuttavia,<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>se <span class=\"_ _14\"> </span>tali condizioni <span class=\"_ _4\"></span>sono <span class=\"_ _a\"></span>soddisfatte <span class=\"_ _5\"></span>successivamen<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>chiusura <span class=\"_ _5\"></span>dell\u2019es<span class=\"_ _0\"></span>ercizio <span class=\"_ _5\"></span>m<span class=\"_ _1\"></span><span class=\"ff2\">a <span class=\"_ _5\"></span>prima </span>della au<span class=\"_ _0\"></span>torizzazione <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>pubblicazi<span class=\"_ _0\"></span>one del <span class=\"_ _0\"></span>bilancio, <span class=\"_ _0\"></span>oppor<span class=\"_ _0\"></span>tuna in<span class=\"_ _0\"></span>formativa <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>fornita <span class=\"_ _0\"></span>nelle<span class=\"_ _0\"></span> note esplicative<span class=\"_ _0\"></span>. Le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>correnti <span class=\"_ _4\"></span>(o <span class=\"_ _4\"></span>gruppi <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>dismissione) <span class=\"_ _4\"></span>classificate <span class=\"_ _4\"></span>come <span class=\"_ _4\"></span>posse<span class=\"_ _0\"></span>dute <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>la vendita, sono rilevate al <span class=\"_ _0\"></span>minore tra il valore contabi<span class=\"_ _0\"></span>le e il relativo fair value, al netto dei costi<span class=\"_ _0\"></span> di <span class=\"_ _3\"></span>vendita; <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>corrispondenti <span class=\"_ _3\"></span>valori <span class=\"_ _3\"></span>patrimoniali <span class=\"_ _3\"></span>dell\u2019esercizio <span class=\"_ _3\"></span>precedente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iclassificati.<span class=\"_ _0\"></span> Un\u2019attivit\u00e0 <span class=\"_ _4\"></span>operativa <span class=\"_ _4\"></span>cessata <span class=\"_ _4\"></span>(\u201c<span class=\"_ _1\"></span>discontinu<span class=\"_ _0\"></span>ed <span class=\"_ _4\"></span>operation\u201d) <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>appresenta<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>una <span class=\"_ _4\"></span>parte <span class=\"_ _5\"></span>dell\u2019impresa<span class=\"_ _0\"></span> che \u00e8 stata dismessa<span class=\"_ _0\"></span> o classi<span class=\"_ _0\"></span>ficata come possed<span class=\"_ _0\"></span>uta per la ven<span class=\"_ _0\"></span>dita, e: -<span class=\"ff2\"> <span class=\"_ _2a\"> </span>rappresenta un impo<span class=\"_ _0\"></span>rtante ramo<span class=\"_ _0\"></span> di attivit\u00e0 o a<span class=\"_ _0\"></span>rea geografica di<span class=\"_ _0\"></span> attivit\u00e0; </span>-<span class=\"ff2\"> <span class=\"_ _2a\"> </span>\u00e8 <span class=\"_ _5\"></span>parte <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>piano <span class=\"_ _a\"></span>coor<span class=\"_ _0\"></span>dinato <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>dismissi<span class=\"_ _0\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _a\"></span>importante<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ramo <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>o <span class=\"_ _a\"></span>area<span class=\"_ _0\"></span> </span>geografica <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _4\"></span>o <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>una <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _1\"></span>controllata <span class=\"_ _4\"></span>acqui<span class=\"_ _0\"></span>sita <span class=\"_ _1\"></span>esclusivamente <span class=\"_ _1\"></span>allo <span class=\"_ _1\"></span>scopo <span class=\"_ _4\"></span>di<span class=\"_ _0\"></span> essere rivenduta<span class=\"_ _0\"></span>. I <span class=\"_ _5\"></span>risultati <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>operative <span class=\"_ _4\"></span>cessate <span class=\"_ _5\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _a\"></span>siano<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>esse <span class=\"_ _a\"></span>dismes<span class=\"_ _0\"></span>se <span class=\"_ _5\"></span>oppure <span class=\"_ _5\"></span>classificate<span class=\"_ _0\"></span> come <span class=\"_ _1\"></span>possedute per <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>vendi<span class=\"_ _0\"></span>ta <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>in corso <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>dismissione <span class=\"_ _1\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>esposti separatamente nel conto <span class=\"_ _14\"> </span>economico, <span class=\"_ _14\"> </span>al <span class=\"_ _14\"> </span>netto <span class=\"_ _14\"> </span>degli <span class=\"_ _14\"> </span>effetti <span class=\"_ _14\"> </span>f<span class=\"_ _1\"></span>iscali. <span class=\"_ _14\"> </span>I <span class=\"_ _14\"> </span>corrispondenti <span class=\"_ _14\"> </span>valori <span class=\"_ _14\"> </span>relativi <span class=\"_ _14\"> </span>all\u2019ese<span class=\"_ _0\"></span>rcizio precedente, ove<span class=\"_ _0\"></span> presen<span class=\"_ _0\"></span>ti, sono<span class=\"_ _0\"></span> riclassi<span class=\"_ _0\"></span>ficati ed <span class=\"_ _0\"></span>esposti <span class=\"_ _0\"></span>separatamente<span class=\"_ _0\"></span> nel <span class=\"_ _0\"></span>conto econo<span class=\"_ _0\"></span>mico, al netto degli ef<span class=\"_ _0\"></span>fetti fiscali, ai fini<span class=\"_ _0\"></span> comparativ<span class=\"lsf\">i.</span> Operazioni in valu<span class=\"_ _0\"></span>te diverse dal<span class=\"_ _0\"></span>la valuta <span class=\"_ _0\"></span>funzionale Tutte <span class=\"_ _1\"></span>le transazioni in <span class=\"_ _1\"></span>valuta <span class=\"_ _1\"></span>diversa dalla <span class=\"_ _1\"></span>valuta funzionale delle <span class=\"_ _1\"></span>singole s<span class=\"_ _1\"></span>ociet\u00e0 del Gruppo sono ril<span class=\"_ _0\"></span>evate al tasso di ca<span class=\"_ _0\"></span>mbio in essere<span class=\"_ _0\"></span> alla data dell'ope<span class=\"_ _0\"></span>razione<span class=\"_ _0\"></span>. Le <span class=\"_ _18\"> </span>attivit\u00e0 <span class=\"_ _15\"> </span>e <span class=\"_ _18\"> </span>le <span class=\"_ _18\"> </span>passivit\u00e0 <span class=\"_ _15\"> </span>monetarie <span class=\"_ _15\"> </span>denominate <span class=\"_ _18\"> </span>in <span class=\"_ _15\"> </span>valuta <span class=\"_ _18\"> </span>diversa <span class=\"_ _15\"> </span>dalla <span class=\"_ _15\"> </span>valuta funzionale <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>successivamente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>adeguate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cambio <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>essere <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>chiusura del <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>presen<span class=\"_ _0\"></span>tato. <span class=\"_ _4\"></span>La <span class=\"_ _a\"></span>differenza<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>positiva <span class=\"_ _5\"></span>o <span class=\"_ _4\"></span>negativa, <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valori <span class=\"_ _5\"></span>conve<span class=\"_ _0\"></span>rtiti <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>cambi <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> periodo e quelli origi<span class=\"_ _0\"></span>nari \u00e8 imputata al<span class=\"_ _0\"></span> Conto econ<span class=\"_ _0\"></span>omico. Il <span class=\"_ _5\"></span>Bilancio <span class=\"_ _5\"></span>Consolidato <span class=\"_ _5\"></span>d<span class=\"_ _1\"></span>el <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>Caltagirone <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>redatto <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>Euro, <span class=\"_ _5\"></span>valuta <span class=\"_ _a\"></span>funzional<span class=\"_ _0\"></span>e della Capogruppo<span class=\"_ _0\"></span>. Le <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e passi<span class=\"_ _0\"></span>vit\u00e0 <span class=\"_ _3\"></span>non <span class=\"_ _0\"></span>monetarie <span class=\"_ _3\"></span>denominate <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>valuta di<span class=\"_ _0\"></span>versa <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>\u2019Euro <span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>iscritte al <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>storico <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>convertite <span class=\"_ _4\"></span>utilizzando <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cambio <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>vigore<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>alla <span class=\"_ _4\"></span>data <span class=\"_ _a\"></span>di <span class=\"_ _4\"></span>iniziale rilevazione del<span class=\"_ _0\"></span>l'operazione.  Le <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _b\"> </span>e <span class=\"_ _14\"> </span>le <span class=\"_\"> </span>pa<span class=\"_ _0\"></span>ssivit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _14\"> </span>non <span class=\"_\"> </span>m<span class=\"_ _0\"></span>onetarie <span class=\"_ _14\"> </span>iscritte <span class=\"_ _14\"> </span>al <span class=\"_ _b\"> </span>valore <span class=\"_ _14\"> </span>equo <span class=\"_ _14\"> </span>(<span class=\"_ _1\"></span><span class=\"ff7\">fair <span class=\"_ _b\"> </span>value</span>) <span class=\"_ _14\"> </span>sono convertite util<span class=\"_ _0\"></span>izzando il tasso di<span class=\"_ _0\"></span> cambio alla data<span class=\"_ _0\"></span> di determinazione di <span class=\"_ _0\"></span>tale valore. Conversione de<span class=\"_ _0\"></span>i bilanci delle<span class=\"_ _0\"></span> imprese estere<span class=\"_ _0\"></span>  I <span class=\"_ _4\"></span>bilanci<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>delle <span class=\"_ _4\"></span>societ\u00e0 <span class=\"_ _1\"></span>controllate, <span class=\"_ _1\"></span>collegate <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span><span class=\"ff7\">joint <span class=\"_ _1\"></span>venture</span> <span class=\"_ _1\"></span>sono <span class=\"_ _4\"></span>redatti <span class=\"_ _1\"></span>utilizzando <span class=\"_ _1\"></span>la valuta dell'ambien<span class=\"_ _0\"></span>te economico preva<span class=\"_ _0\"></span>lente in cui <span class=\"_ _0\"></span>esse operano (val<span class=\"_ _0\"></span>uta funzion<span class=\"_ _0\"></span>ale).  I <span class=\"_ _16\"> </span>bil<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dell<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>opera<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>pa<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>non<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>inclu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>nel<span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>eu<span class=\"_ _0\"></span>ro <span class=\"_ _16\"> </span>so<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>conv<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>Eu<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span> ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> al<span class=\"_ _0\"></span>le v<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>i st<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, il<span class=\"_ _0\"></span> tass<span class=\"_ _0\"></span>o d<span class=\"_ _0\"></span>i c<span class=\"_ _0\"></span>amb<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o in<span class=\"_ _0\"></span> vi<span class=\"_ _0\"></span>go<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> all<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a di<span class=\"_ _0\"></span> ch<span class=\"_ _0\"></span>iu<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>o <span class=\"_\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_\"> </span>r<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o, <span class=\"_\"> </span>e<span class=\"_ _0\"></span>, <span class=\"_\"> </span>a<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_\"> </span>vo<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span> <span class=\"_\"> </span>di<span class=\"_ _0\"></span> <span class=\"_\"> </span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o <span class=\"_\"> </span>e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>o, <span class=\"_ _b\"> </span>il<span class=\"_ _0\"></span> <span class=\"_\"> </span>ca<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_\"> </span>me<span class=\"_ _0\"></span>dio<span class=\"_ _0\"></span> <span class=\"_\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"_\"> </span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>o <span class=\"_\"> </span>di<span class=\"_ _0\"></span> rif<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o, <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>cui<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>sia<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>rife<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>flu<span class=\"_ _0\"></span>ttu<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e, ne<span class=\"_ _0\"></span>l <span class=\"_ _4\"></span>qual<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ca<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>vie<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>util<span class=\"_ _0\"></span>izz<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>tas<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>cambi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>all<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>data<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>trans<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne. <span class=\"_ _4\"></span>Le <span class=\"_ _4\"></span>diffe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di co<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ti <span class=\"_ _4\"></span>da<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>\u2019a<span class=\"_ _0\"></span>deg<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>de<span class=\"_ _0\"></span>l <span class=\"_ _4\"></span>pa<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>ne<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _4\"></span>ai<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>cam<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>cor<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>fi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>o <span class=\"_ _2b\"></span>e <span class=\"_ _3\"></span>le <span class=\"_ _2b\"></span>diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ze<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i <span class=\"_ _2b\"></span>dall<span class=\"_ _0\"></span>a <span class=\"_ _2b\"></span>diver<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>met<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ogi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>usa<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _2b\"></span>la <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>e <span class=\"_ _2b\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>risu<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>o d\u2019<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>rav<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>econ<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vo <span class=\"_ _3\"></span>e so<span class=\"_ _0\"></span>no<span class=\"_ _3\"></span> es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span> se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>n u<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>erv<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>. Al <span class=\"_ _18\"> </span>momento <span class=\"_ _18\"> </span>della <span class=\"_ _1e\"> </span>dismi<span class=\"_ _0\"></span>ssione <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>un\u2019entit\u00e0 <span class=\"_ _1e\"> </span>econ<span class=\"_ _0\"></span>omica <span class=\"_ _18\"> </span>estera, <span class=\"_ _18\"> </span>le <span class=\"_ _1e\"> </span>dif<span class=\"_ _0\"></span>ferenze <span class=\"_ _18\"> </span>di conversione<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>cumulate <span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>iportate<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>apposita r<span class=\"_ _1\"></span>iserva del <span class=\"_ _1\"></span>patrimonio <span class=\"_ _1\"></span>netto <span class=\"_ _1\"></span>saranno rilevate a conto economico. I <span class=\"_ _3\"></span>principali <span class=\"_ _3\"></span>tassi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cambio <span class=\"_ _3\"></span>utilizzati <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>conversi<span class=\"_ _0\"></span>one <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>bilanci <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>imprese con valuta funzional<span class=\"_ _0\"></span>e diversa dall\u2019<span class=\"_ _0\"></span>Euro, sono i se<span class=\"_ _0\"></span>guenti:<span class=\"ff2\"> </span>31 dicembre  Medi  31 dicembre  Medi  2022<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Lira turca <span class=\"ff6\">\u2013</span> TRY* 19,96 17,41 15,23 10,51 Dollaro USA <span class=\"ff6\">\u2013</span> USD 1,07 1,05 1,13 1,18 Sterlina inglese <span class=\"ff6\">\u2013</span> GBP 0,89 0,85 0,84 0,86 Sterlina egiziana <span class=\"ff6\">\u2013</span> EGP 26,20 20,09 17,73 18,48 Corona danese <span class=\"ff6\">\u2013</span> DKK 7,44 7,44 7,44 7,44 Corona islandese <span class=\"ff6\">\u2013</span> ISK 151,50 142,24 147,60 150,15 Corona norvegese <span class=\"ff6\">\u2013</span> NOK 10,51 10,10 9,99 10,16 Corona svedese <span class=\"ff6\">\u2013</span> <span class=\"ls25\">SEK</span> 11,12 10,63 10,25 10,15 Ringgit malese - MYR 4,70 4,63 4,72 4,90 Yuan renminbi cinese - <span class=\"ls18\">CNY</span> 7,36 7,08 7,19 7,63 (*) Per le control<span class=\"_ _0\"></span>late turche, <span class=\"_ _0\"></span>si rimand<span class=\"_ _0\"></span>a al paragrafo \"Tur<span class=\"_ _0\"></span>chia <span class=\"ffd\">\u2013</span> <span class=\"ffd\">economia iperinflaziona<span class=\"_ _0\"></span>ta: impatti<span class=\"_ _0\"></span> per l\u2019applicaz<span class=\"_ _0\"></span>ione dello IAS </span>29\". Aggregazioni di<span class=\"_ _0\"></span> impresa Le <span class=\"_ _2\"> </span>aggrega<span class=\"_ _0\"></span>zioni <span class=\"_ _9\"> </span>aziendali <span class=\"_ _2\"> </span>sono <span class=\"_ _9\"> </span>rilevate <span class=\"_ _2\"> </span>secon<span class=\"_ _0\"></span>do <span class=\"_ _2\"> </span>il <span class=\"_ _9\"> </span>metodo <span class=\"_ _2\"> </span><span class=\"ff6\">dell\u2019acquisi<span class=\"_ _0\"></span>zione </span>(\u201cacquisition <span class=\"_ _0\"></span>method\u201d). Second<span class=\"_ _0\"></span>o tale metodo:<span class=\"ff2\"> <span class=\"_ _35\"> </span>  </span>\u2022<span class=\"ff2\"> <span class=\"_ _27\"> </span><span class=\"ff6 fc1\">il <span class=\"_\"> </span>corrispettivo <span class=\"_\"> </span>trasferito<span class=\"_ _0\"></span> <span class=\"_\"> </span>in <span class=\"_\"> </span>un\u2019aggregazione<span class=\"_ _0\"></span> <span class=\"_\"> </span>aziendale <span class=\"_\"> </span>\u00e8 <span class=\"_\"> </span>valutato<span class=\"_ _0\"></span> <span class=\"_\"> </span>al <span class=\"_\"> </span>fair <span class=\"_\"> </span>value,<span class=\"_ _0\"></span> </span></span>calcolato <span class=\"_ _16\"> </span>come<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>somma <span class=\"_ _16\"> </span>dei <span class=\"_ _16\"> </span>fair <span class=\"_ _16\"> </span>value <span class=\"_ _19\"> </span>delle <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>trasferite <span class=\"_ _19\"> </span>e <span class=\"_ _16\"> </span>delle <span class=\"_ _16\"> </span>passivit\u00e0<span class=\"_ _0\"></span> assunte dal Gruppo alla data <span class=\"_ _1\"></span>di acquisizione e degli<span class=\"_ _0\"></span> strumenti di <span class=\"_ _1\"></span>capitale emessi in<span class=\"_ _0\"></span> cambio <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>controllo <span class=\"_ _3\"></span>dell\u2019<span class=\"_ _0\"></span>impresa <span class=\"_ _3\"></span>acquisita.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Gli <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>accessori <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>transazione <span class=\"_ _2b\"></span>sono rilevati nel con<span class=\"_ _0\"></span>to economi<span class=\"_ _0\"></span>co nel momento in cui <span class=\"_ _0\"></span>sono sostenu<span class=\"_ _0\"></span>ti; \u2022<span class=\"ff2\"> <span class=\"_ _27\"> </span><span class=\"fc1\">alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>acquisizione, <span class=\"_ _3\"></span>le attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>identificabi<span class=\"_ _0\"></span>li <span class=\"_ _3\"></span>acquisite <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>passivit\u00e0 <span class=\"_ _3\"></span>assunte <span class=\"_ _3\"></span>sono </span></span>rilevate al <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>value al<span class=\"_ _0\"></span>la da<span class=\"_ _0\"></span>ta di a<span class=\"_ _0\"></span>cquisizion<span class=\"_ _0\"></span>e; costi<span class=\"_ _0\"></span>tuiscono un\u2019<span class=\"_ _0\"></span>eccezione le<span class=\"_ _0\"></span> impos<span class=\"_ _0\"></span>te differite a<span class=\"_ _0\"></span>ttive e<span class=\"_ _0\"></span> passive,<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>e attivit\u00e0 <span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>ssivit\u00e0 <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>benefici<span class=\"_ _0\"></span> ai dipe<span class=\"_ _0\"></span>ndenti, le <span class=\"_ _3\"></span>passivit\u00e0 o strumenti di capitale relativi a pagamenti basati su <span class=\"_ _1\"></span>azioni dell\u2019impresa acqui<span class=\"_ _0\"></span>sita o pagamenti <span class=\"_ _16\"> </span>basati <span class=\"_ _16\"> </span>su <span class=\"_ _14\"> </span>azion<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>relativi <span class=\"_ _14\"> </span>al <span class=\"_ _16\"> </span>gruppo <span class=\"_ _16\"> </span>emessi <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>sostituzione <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>contratti dell\u2019i<span class=\"_ _0\"></span>mpresa <span class=\"_ _1\"></span>acquisita, e <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>attivit\u00e0 (o <span class=\"_ _1\"></span>gruppi <span class=\"_ _1\"></span>di att<span class=\"_ _1\"></span>ivit\u00e0 e <span class=\"_ _1\"></span>passivit<span class=\"ff2\">\u00e0) <span class=\"_ _1\"></span>possedute <span class=\"_ _1\"></span>per la </span>vendita, che sono<span class=\"_ _0\"></span> invece valutate<span class=\"_ _0\"></span> secondo il loro <span class=\"_ _0\"></span>principio di riferi<span class=\"_ _0\"></span>mento; \u2022 <span class=\"_ _27\"> </span>l\u2019avviamento <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _18\"> </span>determi<span class=\"_ _0\"></span>nato <span class=\"_ _15\"> </span>come <span class=\"_ _15\"> </span>l\u2019eccedenza <span class=\"_ _15\"> </span>tra <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>somma <span class=\"_ _15\"> </span>de<span class=\"_ _1\"></span><span class=\"ff2\">l <span class=\"_ _15\"> </span>corrispettivo </span>trasferito <span class=\"ff6\">nell\u2019aggregazio<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>aziendale,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del valore del patrimonio netto di <span class=\"_ _1\"></span>pertinenza<span class=\"ff2\"> </span></span>di <span class=\"_ _36\"> </span>interessenze <span class=\"_ _2d\"> </span>di <span class=\"_ _36\"> </span>terzi <span class=\"_ _36\"> </span>e <span class=\"_ _36\"> </span>del <span class=\"_ _36\"> </span>fair <span class=\"_ _2d\"> </span>value <span class=\"_ _36\"> </span>dell\u2019eventuale <span class=\"_ _2d\"> </span>partecipazione precedentemente<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>detenu<span class=\"_ _0\"></span>ta <span class=\"_ _1\"></span>nell\u2019impresa <span class=\"_ _1\"></span>acquisita rispetto <span class=\"_ _4\"></span>al <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _4\"></span>dell<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>attivit\u00e0 nette <span class=\"_ _0\"></span>acquisi<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>passivit\u00e0 <span class=\"_ _3\"></span>assunte <span class=\"_ _3\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>acqui<span class=\"_ _0\"></span>sizione. <span class=\"_ _3\"></span>Se <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>delle <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _0\"></span> nette <span class=\"_ _4\"></span>acquisite <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>passivit\u00e0 <span class=\"_ _4\"></span>assunte <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>data <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>acquisizione <span class=\"_ _4\"></span>eccede <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>somma <span class=\"_ _4\"></span>del corrispettivo trasferito, del valore del patrimonio netto <span class=\"_ _1\"></span>di pertinenza di interessenze di <span class=\"_ _19\"> </span>terzi <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>fair <span class=\"_ _16\"> </span>value<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>dell\u2019eventuale <span class=\"_ _17\"> </span>partecipazione <span class=\"_ _19\"> </span>precedentemente<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>detenuta nell\u2019i<span class=\"_ _0\"></span>mpres<span class=\"ff2\">a <span class=\"_ _8\"> </span>acquisita, <span class=\"_ _1e\"> </span>tale <span class=\"_ _8\"> </span>eccedenza <span class=\"_ _23\"> </span>\u00e8 <span class=\"_ _23\"> </span>rilevata <span class=\"_ _8\"> </span>immediata<span class=\"_ _0\"></span>mente <span class=\"_ _23\"> </span>nel <span class=\"_ _23\"> </span>conto </span>economico come<span class=\"_ _0\"></span> provento derivan<span class=\"_ _0\"></span>te dalla transa<span class=\"_ _0\"></span>zione conclusa<span class=\"_ _0\"></span>; \u2022<span class=\"ff2\"> <span class=\"_ _27\"> </span><span class=\"fc1\">eventuali <span class=\"_ _1\"></span>corrispettivi sottoposti <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>condizione previsti <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>contratto di <span class=\"_ _1\"></span>aggregazione<span class=\"_ _0\"></span> </span></span>aziendale <span class=\"_ _3\"></span>sono val<span class=\"_ _0\"></span>utati <span class=\"_ _3\"></span>al <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>value <span class=\"_ _3\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>acquisi<span class=\"_ _0\"></span>zione <span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>inclusi <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lore <span class=\"_ _0\"></span>del corrispettivo <span class=\"_ _6\"> </span>trasferito <span class=\"_ _15\"> </span><span class=\"ff6\">nell<span class=\"_ _0\"></span>\u2019aggregazione <span class=\"_ _6\"> </span>aziendale <span class=\"_ _15\"> </span>ai <span class=\"_ _6\"> </span>f<span class=\"_ _1\"></span>ini <span class=\"_ _6\"> </span>della <span class=\"_ _15\"> </span>determinazione </span>dell\u2019avvi<span class=\"_ _0\"></span>amento.<span class=\"ff2\"> </span>Nel <span class=\"_ _30\"> </span>caso <span class=\"_ _2d\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _30\"> </span>aggregazioni <span class=\"_ _37\"> </span>aziendali <span class=\"_ _30\"> </span>avvenute <span class=\"_ _30\"> </span>per <span class=\"_ _37\"> </span>fasi, <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>parteci<span class=\"_ _0\"></span>pazione precedentemente<span class=\"_ _0\"></span> <span class=\"_\"> </span>detenuta <span class=\"_\"> </span>nel<span class=\"_ _0\"></span>l\u2019impresa <span class=\"_\"> </span><span class=\"ff2\">acquisita <span class=\"_\"> </span>\u00e8 <span class=\"_\"> </span>ri<span class=\"_ _0\"></span>valutata <span class=\"_\"> </span>al <span class=\"_\"> </span>fai<span class=\"_ _0\"></span>r <span class=\"_\"> </span>value <span class=\"_\"> </span>all<span class=\"_ _0\"></span>a <span class=\"_\"> </span>data <span class=\"_\"> </span>di </span>acquisizione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>controllo <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>l\u2019eventuale <span class=\"_ _1\"></span>utile <span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>perdita <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>consegue <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>rilevata <span class=\"_ _4\"></span>nel <span class=\"_ _1\"></span>conto economico.  Se i <span class=\"_ _1\"></span>valori <span class=\"_ _1\"></span>iniziali di <span class=\"_ _1\"></span>un\u2019aggregazione aziendale sono incompleti alla <span class=\"_ _1\"></span>data di <span class=\"_ _1\"></span>chiusura<span class=\"_ _0\"></span> del bilancio <span class=\"_ _1\"></span><span class=\"ff6\">in cui <span class=\"_ _1\"></span>l\u2019aggregazione aziendale \u00e8 avvenuta, <span class=\"_ _1\"></span>il gruppo riporta nel <span class=\"_ _1\"></span>proprio bilancio<span class=\"_ _0\"></span> </span>consolidato i valori p<span class=\"_ _0\"></span>rovvisori degl<span class=\"_ _0\"></span>i elementi per c<span class=\"_ _0\"></span>ui non pu\u00f2 essere<span class=\"_ _0\"></span> conclu<span class=\"_ _0\"></span>sa la rilevazione.<span class=\"_ _0\"></span>  Tali valori provvisori sono rettificati nel periodo di misurazione per tenere conto <span class=\"_ _1\"></span>delle nuove <span class=\"_ _1\"></span>informazioni <span class=\"_ _1\"></span>ottenute <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>fatti <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>circostanze <span class=\"_ _1\"></span>esistenti <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>acquisizi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>che, <span class=\"_ _4\"></span>se note, avrebbero a<span class=\"_ _0\"></span>vuto effetti sul<span class=\"_ _0\"></span> valore delle a<span class=\"_ _0\"></span>ttivit\u00e0 e passivit\u00e0<span class=\"_ _0\"></span> riconosciut<span class=\"_ _0\"></span>e a tale data. Nell\u2019ambi<span class=\"_ _0\"></span>to <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>passaggio <span class=\"_ _17\"> </span>agli <span class=\"_ _17\"> </span>I<span class=\"_ _1\"></span>FRS, <span class=\"_ _17\"> </span>il <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _17\"> </span>ha <span class=\"_ _16\"> </span><span class=\"ff2\">deciso <span class=\"_ _19\"> </span>di <span class=\"_ _17\"> </span>rideterminare <span class=\"_ _17\"> </span>solo <span class=\"_ _19\"> </span>le </span>aggregazioni <span class=\"_ _5\"></span>aziendali <span class=\"_ _5\"></span>avvenute <span class=\"_ _a\"></span>successi<span class=\"_ _0\"></span>vamente <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>1\u00b0 <span class=\"_ _5\"></span>gennaio <span class=\"_ _a\"></span>2004<span class=\"_ _0\"></span>. <span class=\"_ _a\"></span>Per <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>acquisizi<span class=\"_ _0\"></span>oni avvenute <span class=\"_ _a\"></span>prima <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>tale <span class=\"_ _a\"></span>data, <span class=\"_ _a\"></span>l\u2019avviamento <span class=\"_ _5\"></span>corrisponde <span class=\"_ _a\"></span>all\u2019i<span class=\"_ _0\"></span>mporto <span class=\"_ _a\"></span>contabili<span class=\"_ _0\"></span>zzato <span class=\"_ _a\"></span>secondo <span class=\"_ _a\"></span>i precedenti principi<span class=\"_ _0\"></span> contabili<span class=\"_ _0\"></span> (Principi Contabili Italian<span class=\"_ _0\"></span>i). Utile (Perdi<span class=\"_ _0\"></span>ta) per azione Base L\u2019utile (perdita)<span class=\"_ _0\"></span> base per <span class=\"_ _0\"></span>azione \u00e8 calcol<span class=\"_ _0\"></span>ato divide<span class=\"_ _0\"></span>ndo il Risultato<span class=\"_ _0\"></span> economic<span class=\"_ _0\"></span>o del Gruppo pe<span class=\"_ _0\"></span>r la <span class=\"_ _4\"></span>media <span class=\"_ _5\"></span>ponderata <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>azioni <span class=\"_ _5\"></span>ordinarie <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>circol<span class=\"_ _0\"></span>azione <span class=\"_ _4\"></span>durante <span class=\"_ _5\"></span>l\u2019esercizio, <span class=\"_ _4\"></span>escludendo <span class=\"_ _4\"></span>le azioni proprie. Diluito L\u2019utile <span class=\"_ _3\"></span>diluito <span class=\"_ _0\"></span>per <span class=\"_ _3\"></span>azione <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _0\"></span>calcolato <span class=\"_ _3\"></span>dividendo <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>Risultato eco<span class=\"_ _0\"></span>nomico <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>ruppo <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>media ponderata <span class=\"_ _16\"> </span>delle <span class=\"_ _16\"> </span>azioni <span class=\"_ _16\"> </span>ordinarie <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>circolazione <span class=\"_ _19\"> </span>durant<span class=\"_ _1\"></span>e <span class=\"_ _16\"> </span>l\u2019esercizio, <span class=\"_ _16\"> </span>esc<span class=\"_ _0\"></span>ludendo <span class=\"_ _16\"> </span>le <span class=\"_ _16\"> </span>azioni proprie. <span class=\"_ _17\"> </span>Ai <span class=\"_ _19\"> </span>fini <span class=\"_ _19\"> </span>del <span class=\"_ _17\"> </span>calcolo <span class=\"_ _17\"> </span>dell\u2019utile <span class=\"_ _17\"> </span>diluito <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span><span class=\"ff2\">azione, <span class=\"_ _17\"> </span>la <span class=\"_ _19\"> </span>media <span class=\"_ _17\"> </span>ponderata <span class=\"_ _19\"> </span>delle <span class=\"_ _17\"></span>azioni <span class=\"_ _17\"> </span>in </span>circolazione <span class=\"_ _0\"></span>\u00e8<span class=\"_ _0\"></span> mo<span class=\"_ _0\"></span>dificata <span class=\"_ _3\"></span>assumendo l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>conversion<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>tutte <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> potenzi<span class=\"_ _0\"></span>ali <span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>ioni <span class=\"_ _0\"></span>aventi<span class=\"_ _0\"></span> ef<span class=\"_ _0\"></span>fetto diluitivo. <span class=\"_ _17\"> </span>Il <span class=\"_ _19\"> </span>Risultato <span class=\"_ _17\"></span>per <span class=\"_ _19\"> </span>azione <span class=\"_ _17\"> </span>diluito <span class=\"_ _19\"> </span>non <span class=\"_ _17\"> </span>viene <span class=\"_ _17\"> </span>calcolato <span class=\"_ _19\"> </span>nel <span class=\"_ _17\"> </span>caso <span class=\"_ _19\"> </span>di <span class=\"_ _17\"> </span>perdite, <span class=\"_ _19\"> </span>in <span class=\"_ _17\"> </span>quanto qualunque effetto<span class=\"_ _0\"></span> diluitivo determinerebbe<span class=\"_ _0\"></span> un mig<span class=\"_ _0\"></span>lioramento<span class=\"_ _0\"></span> del Risultato <span class=\"_ _0\"></span>per azione. Uso di stime La <span class=\"_\"> </span>predisposizi<span class=\"_ _0\"></span>one <span class=\"_\"> </span>dei <span class=\"_ _b\"> </span>bilanci<span class=\"_ _0\"></span> <span class=\"_\"> </span>consolidati <span class=\"_\"> </span>ri<span class=\"_ _0\"></span>chiede <span class=\"_\"> </span>da <span class=\"_\"> </span>par<span class=\"_ _0\"></span>te <span class=\"_\"> </span>degli <span class=\"_\"> </span>A<span class=\"_ _0\"></span>mmini<span class=\"_ _0\"></span>stratori l\u2019appli<span class=\"_ _0\"></span>cazione <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>principi <span class=\"_ _19\"> </span>e <span class=\"_ _17\"> </span>metodologie <span class=\"_ _17\"> </span>contabili<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>che, <span class=\"_ _17\"> </span>in <span class=\"_ _17\"> </span>t<span class=\"_ _1\"></span>alune<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>circostanze, <span class=\"_ _17\"> </span>si <span class=\"_ _17\"> </span>basano <span class=\"_ _17\"> </span>su difficili <span class=\"_ _17\"> </span>e <span class=\"_ _16\"> </span>soggettive <span class=\"_ _19\"> </span>valutazioni <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>st<span class=\"_ _1\"></span>ime <span class=\"_ _19\"> </span>basate <span class=\"_ _19\"> </span>sull\u2019<span class=\"_ _0\"></span>esperienza <span class=\"_ _19\"> </span>storica <span class=\"_ _19\"> </span>ed <span class=\"_ _16\"> </span>assunzioni <span class=\"_ _17\"> </span>che vengono <span class=\"_ _14\"> </span>di <span class=\"_ _16\"> </span>volta <span class=\"_ _14\"> </span>in <span class=\"_ _14\"> </span>volta <span class=\"_ _16\"> </span>considerate <span class=\"_ _14\"> </span>ragionevol<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>realistiche <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>funzione <span class=\"_ _16\"> </span>delle <span class=\"_ _14\"> </span>relative circostanze. <span class=\"_ _19\"> </span>L\u2019applicazione <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>tali <span class=\"_ _16\"> </span>stime <span class=\"_ _16\"> </span>ed <span class=\"_ _19\"> </span>assunzioni <span class=\"_ _19\"> </span>influenza <span class=\"_ _19\"> </span>gli <span class=\"_ _16\"> </span>imp<span class=\"_ _1\"></span><span class=\"ff2\">orti <span class=\"_ _16\"> </span>riporta<span class=\"_ _0\"></span>ti <span class=\"_ _16\"> </span>negli </span>schemi <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>Bilancio, <span class=\"_ _19\"> </span>quali <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>Situazione <span class=\"_ _19\"> </span>patrimoniale-finanziaria, <span class=\"_ _19\"> </span>il <span class=\"_ _16\"> </span>Conto <span class=\"_ _19\"> </span>economico <span class=\"_ _16\"> </span>ed <span class=\"_ _16\"> </span>il Rendiconto fina<span class=\"_ _0\"></span>nziario, <span class=\"_ _0\"></span>nonch\u00e9 <span class=\"_ _0\"></span>l\u2019informativa <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ornita. <span class=\"_ _0\"></span>I ri<span class=\"_ _0\"></span>sultati fina<span class=\"_ _0\"></span>li del<span class=\"_ _0\"></span>le po<span class=\"_ _0\"></span>ste di <span class=\"_ _0\"></span>Bilanci<span class=\"_ _0\"></span>o per le <span class=\"_ _17\"> </span>quali <span class=\"_ _19\"> </span>sono <span class=\"_ _19\"> </span>state <span class=\"_ _19\"> </span>utilizzate <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>suddette <span class=\"_ _19\"> </span>stime <span class=\"_ _17\"></span>ed <span class=\"_ _19\"> </span>assunzioni, <span class=\"_ _17\"> </span>possono <span class=\"_ _17\"> </span>differire <span class=\"_ _19\"> </span>da <span class=\"_ _19\"> </span>quelli riportati <span class=\"_ _0\"></span>nei <span class=\"_ _0\"></span>bilanci<span class=\"_ _0\"></span> a <span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>sa del<span class=\"_ _0\"></span>l\u2019incertezza <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ratterizza l<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>ssunzioni<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>dizioni <span class=\"_ _0\"></span>sull<span class=\"ff2\">e </span>quali si basano le s<span class=\"_ _0\"></span>time.   I <span class=\"_ _14\"> </span>principi <span class=\"_ _14\"> </span>contabili <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>voci <span class=\"_ _b\"> </span>di <span class=\"_ _14\"> </span>bilancio <span class=\"_ _16\"> </span>che <span class=\"_ _b\"> </span>richiedono <span class=\"_ _16\"> </span>pi\u00f9 <span class=\"_ _b\"> </span>di <span class=\"_ _14\"> </span>altri <span class=\"_ _14\"> </span>una <span class=\"_ _14\"> </span>maggi<span class=\"_ _1\"></span>ore soggettivit\u00e0 <span class=\"_ _14\"> </span>da <span class=\"_ _b\"> </span>parte <span class=\"_ _14\"> </span>degli <span class=\"_ _14\"> </span>amministratori <span class=\"_ _14\"> </span>nell\u2019elaborazione <span class=\"_ _14\"> </span>delle <span class=\"_ _14\"> </span>st<span class=\"_ _1\"></span>ime <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>per <span class=\"_\"> </span>i <span class=\"_ _14\"> </span>quali <span class=\"_ _14\"> </span>un cambiamento <span class=\"_ _1\"></span>nelle <span class=\"_ _1\"></span>condizioni <span class=\"_ _1\"></span>sottostanti <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>assunzioni <span class=\"_ _1\"></span>utilizzate <span class=\"_ _1\"></span>potrebbe <span class=\"_ _1\"></span>avere <span class=\"_ _4\"></span>un <span class=\"_ _1\"></span>impatt<span class=\"_ _0\"></span>o significativo sul bil<span class=\"_ _0\"></span>ancio consol<span class=\"_ _0\"></span>idato del Gruppo<span class=\"_ _0\"></span> sono i seguen<span class=\"_ _0\"></span>ti: \u2022 <span class=\"_ _25\"> </span>Attivit\u00e0 <span class=\"_ _19\"> </span>immateriali <span class=\"_ _17\"></span>a <span class=\"_ _16\"> </span>vita <span class=\"_ _19\"> </span>utile <span class=\"_ _16\"> </span>indefinita <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>avviamento<span class=\"ls9\">: <span class=\"_ _17\"></span></span>l\u2019avviamento <span class=\"_ _19\"> </span><span class=\"ff2\">e <span class=\"_ _16\"> </span>le <span class=\"_ _17\"> </span>altre <span class=\"_ _19\"> </span>attivit\u00e0 </span>immateriali a<span class=\"_ _0\"></span> vita u<span class=\"_ _0\"></span>tile inde<span class=\"_ _0\"></span>finita sono annualmen<span class=\"_ _0\"></span>te oggetto<span class=\"_ _0\"></span> di verifica<span class=\"_ _0\"></span> al fi<span class=\"_ _0\"></span>ne di accer<span class=\"_ _0\"></span>tare l\u2019esistenza <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>eventuali <span class=\"_ _1\"></span>riduzioni <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>valore <span class=\"_ _4\"></span>da <span class=\"_ _1\"></span>rilevare <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>conto <span class=\"_ _4\"></span>economic<span class=\"ff2\">o. <span class=\"_ _1\"></span>In <span class=\"_ _4\"></span>particolare, </span>la <span class=\"_ _1\"></span>verifica <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>oggetto <span class=\"_ _1\"></span>comporta <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>determinazi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>valore <span class=\"_ _1\"></span>recuperabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>CGU <span class=\"_ _4\"></span>cui sono <span class=\"_ _1\"></span>allocati <span class=\"_ _4\"></span><span class=\"ff6\">l\u2019avviament<span class=\"_ _0\"></span>o<span class=\"ff2\"> <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>altre <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>immateriali <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>vita <span class=\"_ _4\"></span>utile <span class=\"_ _4\"></span>indefini<span class=\"_ _0\"></span>ta <span class=\"_ _4\"></span>mediante <span class=\"_ _4\"></span>la<span class=\"_ _0\"></span> </span></span>stima del relativo valore recuperabi<span class=\"_ _0\"></span>le, pari al maggiore tra<span class=\"_ _0\"></span> il <span class=\"_ _1\"></span><span class=\"ff6\">valore d\u2019uso </span>e il fair value al netto <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>dismission<span class=\"_ _0\"></span>e; <span class=\"_ _5\"></span>qualora <span class=\"_ _5\"></span>tale <span class=\"_ _5\"></span>valore <span class=\"_ _4\"></span>recuperabile <span class=\"_ _5\"></span>risulti <span class=\"_ _5\"></span>inferiore <span class=\"_ _4\"></span>al <span class=\"_ _a\"></span>valo<span class=\"_ _0\"></span>re contabile <span class=\"_ _3\"></span>delle <span class=\"_ _0\"></span>CGU, <span class=\"_ _3\"></span>si d<span class=\"_ _0\"></span>eve <span class=\"_ _3\"></span>procedere <span class=\"_ _0\"></span>ad <span class=\"_ _3\"></span>una <span class=\"_ _0\"></span>sval<span class=\"_ _0\"></span>utazione <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>\u2019avviamento <span class=\"_ _3\"></span>allocato <span class=\"_ _0\"></span>al<span class=\"ff2\">le<span class=\"_ _0\"></span> </span>stesse <span class=\"_ _a\"></span><span class=\"ff6\">e, <span class=\"_ _17\"> </span>per <span class=\"_ _17\"> </span>l\u2019eventuale <span class=\"_ _a\"></span>eccedenza, <span class=\"_ _17\"> </span>delle <span class=\"_ _a\"></span>altre <span class=\"_ _a\"></span>attivit\u00e0<span class=\"_ _1\"></span></span>. <span class=\"_ _a\"></span>La <span class=\"_ _19\"> </span>determina<span class=\"_ _0\"></span>zione <span class=\"_ _a\"></span>del <span class=\"_ _17\"></span>valore recuperabile <span class=\"_ _17\"> </span>delle <span class=\"_ _17\"> </span>CGU <span class=\"_ _a\"></span>comporta <span class=\"_ _17\"> </span>l\u2019assunzione <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>stime <span class=\"_ _17\"> </span>che <span class=\"_ _17\"> </span>dipendono <span class=\"_ _17\"> </span>da <span class=\"_ _17\"> </span>fattori <span class=\"_ _17\"> </span>che possono <span class=\"_ _3\"></span>cambi<span class=\"_ _0\"></span>are <span class=\"_ _3\"></span>nel <span class=\"_ _2b\"></span>tempo, <span class=\"_ _3\"></span>con <span class=\"_ _2b\"></span>potenziali <span class=\"_ _2b\"></span>conseguenti <span class=\"_ _3\"></span>effetti <span class=\"_ _2b\"></span>anche <span class=\"_ _3\"></span>significativi <span class=\"_ _2b\"></span>r<span class=\"_ _1\"></span>ispetto<span class=\"_ _0\"></span> alle valutazioni<span class=\"_ _0\"></span> effettuate dagli<span class=\"_ _0\"></span> Amministratori.<span class=\"ff7\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff7 fc1\">Sval<span class=\"_ _0\"></span>utazione <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _4\"></span>immobili<span class=\"_ _0\"></span>zzate: <span class=\"_ _5\"></span><span class=\"ff2\">in <span class=\"_ _4\"></span>accordo <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>principi <span class=\"_ _4\"></span>contabili <span class=\"_ _4\"></span>applicati <span class=\"_ _4\"></span>dal </span></span></span>Gruppo, le <span class=\"_ _1\"></span>attivit\u00e0 materiali e <span class=\"_ _1\"></span>immateriali con <span class=\"_ _1\"></span>vita definita <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>oggetto di verifica <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>fine di <span class=\"_ _16\"> </span>accertare <span class=\"_ _16\"> </span>se <span class=\"_ _14\"> </span>si <span class=\"_ _16\"> </span>sia <span class=\"_ _14\"> </span>verificata<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>una <span class=\"_ _14\"> </span>riduzione <span class=\"_ _19\"> </span>di <span class=\"_ _14\"> </span>valore, <span class=\"_ _16\"> </span>che <span class=\"_ _14\"> </span>va <span class=\"_ _16\"> </span>rilevata <span class=\"_ _16\"> </span>tramite <span class=\"_ _16\"> </span>una svalutazione, <span class=\"_ _15\"> </span>quando <span class=\"_ _15\"> </span>sussistono <span class=\"_ _15\"> </span>indicatori <span class=\"_ _6\"> </span>che <span class=\"_ _15\"> </span>f<span class=\"_ _1\"></span>acciano <span class=\"_ _15\"> </span>prevedere<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>difficolt\u00e0 <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>il recupero <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>relativo <span class=\"_ _a\"></span>valore <span class=\"_ _a\"></span>netto <span class=\"_ _a\"></span>contabile <span class=\"_ _a\"></span>trami<span class=\"_ _0\"></span>te <span class=\"_ _a\"></span>l\u2019uso. <span class=\"_ _a\"></span>La <span class=\"_ _a\"></span>verifica <span class=\"_ _a\"></span>dell\u2019esistenza<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>dei su<span class=\"ff6\">ddetti <span class=\"_ _1e\"> </span>indicatori <span class=\"_ _1e\"> </span>richiede <span class=\"_ _1e\"> </span>da <span class=\"_ _23\"> </span>parte <span class=\"_ _1e\"> </span>degli <span class=\"_ _23\"> </span>amministratori <span class=\"_ _1e\"> </span>l\u2019esercizio <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>valutazioni </span>soggettive <span class=\"_ _16\"> </span>basate <span class=\"_ _16\"> </span>sulle <span class=\"_ _19\"> </span>informazioni <span class=\"_ _16\"> </span>disponibili <span class=\"_ _16\"> </span>all\u2019interno <span class=\"_ _19\"> </span>del <span class=\"_ _14\"> </span>Gruppo <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>dal <span class=\"_ _16\"> </span>mercato, nonch\u00e9 <span class=\"_ _17\"> </span>dall\u2019esperienza <span class=\"_ _a\"></span>st<span class=\"_ _1\"></span>orica. <span class=\"_ _17\"> </span>Inoltre, <span class=\"_ _17\"> </span>qualora <span class=\"_ _17\"> </span>venga <span class=\"_ _17\"> </span>determinato <span class=\"_ _17\"> </span>che <span class=\"_ _17\"> </span>possa <span class=\"_ _17\"> </span>essersi generata una<span class=\"_ _0\"></span> potenziale <span class=\"_ _0\"></span>riduzione di<span class=\"_ _0\"></span> valore, il<span class=\"_ _0\"></span> Gruppo pr<span class=\"_ _0\"></span>ocede all<span class=\"_ _0\"></span>a determinazi<span class=\"_ _0\"></span>one della<span class=\"_ _0\"></span> stessa <span class=\"_ _a\"></span>utilizzando <span class=\"_ _17\"></span>tecniche <span class=\"_ _a\"></span>valutative <span class=\"_ _17\"></span>ritenute <span class=\"_ _a\"></span>idonee. <span class=\"_ _17\"></span>La <span class=\"_ _a\"></span>corretta <span class=\"_ _17\"> </span>identificazione <span class=\"_ _a\"></span>degli elementi <span class=\"_ _4\"></span>indicatori <span class=\"_ _4\"></span>dell\u2019esistenza<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>una <span class=\"_ _4\"></span>potenziale <span class=\"_ _4\"></span>riduzione<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>valore, <span class=\"_ _4\"></span>non<span class=\"ff2\">ch\u00e9 <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>stime </span>per <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>deter<span class=\"_ _0\"></span>minazione <span class=\"_ _1\"></span>delle <span class=\"_ _4\"></span>stesse <span class=\"_ _4\"></span>dipendono <span class=\"_ _1\"></span>da <span class=\"_ _4\"></span>fattori <span class=\"_ _1\"></span>che <span class=\"_ _4\"></span>possono <span class=\"_ _4\"></span>variare <span class=\"_ _1\"></span>nel <span class=\"_ _4\"></span>tempo influenzando le valutazi<span class=\"_ _0\"></span>oni e stime e<span class=\"_ _0\"></span>ffettuate dagl<span class=\"_ _0\"></span>i Ammini<span class=\"_ _0\"></span>stratori.<span class=\"ff7\"> </span>\u2022 <span class=\"_ _25\"> </span>Ammo<span class=\"_ _0\"></span>rtamento <span class=\"_ _1e\"> </span>delle <span class=\"_ _23\"> </span>attivit\u00e0 <span class=\"_ _1e\"> </span>immobilizzate: <span class=\"_ _23\"> </span><span class=\"ff6\">l\u2019ammorta<span class=\"_ _0\"></span>mento <span class=\"_ _1e\"> </span>delle <span class=\"_ _1e\"> </span>imm<span class=\"_ _1\"></span>obilizzazi<span class=\"_ _0\"></span>oni </span>costituisce <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>costo <span class=\"_ _1\"></span>rilevante <span class=\"_ _4\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>Gruppo. I<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>costo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>immobili, <span class=\"_ _1\"></span>impianti <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>macchinari <span class=\"_ _1\"></span>\u00e8 ammortizzato<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>quote <span class=\"_ _4\"></span>costanti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>vita <span class=\"_ _4\"></span>utile <span class=\"_ _1\"></span>stimata <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>relativi <span class=\"_ _4\"></span>cespiti<span class=\"_ _0\"></span>. <span class=\"_ _4\"></span>La <span class=\"_ _4\"></span>vita <span class=\"_ _4\"></span>utile economica <span class=\"_ _16\"> </span>delle <span class=\"_ _14\"> </span>immobil<span class=\"_ _0\"></span>izzazioni <span class=\"_ _16\"> </span>del <span class=\"_ _14\"> </span>Gruppo <span class=\"_ _14\"> </span>\u00e8 <span class=\"_ _16\"> </span>determinata <span class=\"_ _14\"> </span>dagli <span class=\"_ _16\"> </span>amministrator<span class=\"_ _1\"></span>i <span class=\"_ _16\"> </span>nel momento <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>cui <span class=\"_ _16\"> </span>l\u2019immobili<span class=\"_ _0\"></span>zzazione <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>stata <span class=\"_ _14\"> </span>acqui<span class=\"_ _0\"></span>stata; <span class=\"_ _16\"> </span>essa <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _14\"> </span>basa<span class=\"_ _0\"></span>ta <span class=\"_ _16\"> </span>sull\u2019esperienza storica <span class=\"_ _5\"></span>per <span class=\"_ _4\"></span>analoghe <span class=\"_ _4\"></span>immobilizzazioni, <span class=\"_ _4\"></span>condizioni <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>mercato <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>anticipa<span class=\"_ _0\"></span>zioni <span class=\"_ _4\"></span>riguardanti eventi <span class=\"_ _16\"> </span>futuri <span class=\"_ _16\"> </span>che <span class=\"_ _16\"> </span>potrebbero <span class=\"_ _16\"> </span>avere <span class=\"_ _16\"> </span>impatto <span class=\"_ _16\"> </span>sulla <span class=\"_ _16\"> </span>vita <span class=\"_ _16\"> </span>utile, <span class=\"_ _16\"> </span>tra <span class=\"_ _14\"> </span>i <span class=\"_ _16\"> </span>quali <span class=\"_ _16\"> </span>variazioni <span class=\"_ _16\"> </span>nella tecnologia. <span class=\"_ _16\"> </span>Pertan<span class=\"_ _0\"></span>to, <span class=\"_ _16\"> </span>l\u2019effettiva <span class=\"_ _19\"> </span>vita <span class=\"_ _16\"> </span>economica <span class=\"_ _16\"> </span>pu\u00f2 <span class=\"_ _19\"> </span>differire <span class=\"_ _16\"> </span>dalla <span class=\"_ _16\"> </span>vita <span class=\"_ _16\"> </span>util<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>stimata. <span class=\"_ _19\"> </span>Il Gruppo <span class=\"_ _15\"> </span>valuta <span class=\"_ _15\"> </span>periodicamente<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>cambiamenti <span class=\"_ _6\"> </span>t<span class=\"_ _1\"></span>ecnologici<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>di <span class=\"_ _18\"> </span>settore<span class=\"_ _0\"></span>, <span class=\"_ _15\"> </span>gli <span class=\"_ _15\"> </span>oneri <span class=\"_ _15\"> </span>di smantellamento <span class=\"_ _6\"> </span>e <span class=\"_ _18\"> </span>il <span class=\"_ _18\"> </span>valore <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>recupero <span class=\"_ _15\"> </span>per <span class=\"_ _18\"> </span>aggiornare <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>residua <span class=\"_ _15\"> </span>vita <span class=\"_ _18\"> </span>utile. <span class=\"_ _15\"> </span>Tale aggiornamento <span class=\"_ _1b\"> </span>periodico <span class=\"_ _30\"> </span>potrebbe <span class=\"_ _30\"> </span>compor<span class=\"_ _0\"></span>tare <span class=\"_ _30\"> </span>una <span class=\"_ _30\"> </span>variazione <span class=\"_ _1b\"> </span>nel <span class=\"_ _30\"> </span>periodo <span class=\"_ _30\"> </span>di<span class=\"_ _0\"></span> ammortamen<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>quindi <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>quota <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>amm<span class=\"_ _0\"></span>ortamento <span class=\"_ _3\"></span>degli<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>esercizi <span class=\"_ _3\"></span>futuri. <span class=\"_ _3\"></span>Le <span class=\"_ _3\"></span>stime<span class=\"_ _3\"></span> e <span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>assunzioni <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>period<span class=\"_ _0\"></span>icamente <span class=\"_ _3\"></span>riviste e <span class=\"_ _3\"></span>gli <span class=\"_ _0\"></span>effetti <span class=\"_ _3\"></span>di ciascuna<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>variazi<span class=\"_ _0\"></span>one sono <span class=\"_ _3\"></span>iscritti a conto econo<span class=\"_ _0\"></span>mico.  \u2022 <span class=\"_ _25\"> </span>Imposte<span class=\"ff2\">: <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>imposte <span class=\"_ _b\"> </span>sul <span class=\"_ _14\"> </span>reddito <span class=\"_ _14\"> </span>(correnti <span class=\"_ _b\"> </span>e <span class=\"_ _14\"> </span>differite) <span class=\"_ _14\"> </span>sono <span class=\"_ _b\"> </span>determina<span class=\"_ _0\"></span>te <span class=\"_ _14\"> </span>secondo <span class=\"_ _b\"> </span>una </span>prudente <span class=\"_ _6\"> </span>interpretazion<span class=\"_ _0\"></span>e <span class=\"_ _6\"> </span>delle <span class=\"_ _6\"> </span>normative <span class=\"_ _6\"> </span>fiscali <span class=\"_ _6\"> </span>vigenti. <span class=\"_\"> </span>Questo <span class=\"_ _15\"> </span>proce<span class=\"_ _0\"></span>sso <span class=\"_ _6\"> </span>comporta<span class=\"_ _0\"></span> talvolta <span class=\"_ _5\"></span>complesse <span class=\"_ _4\"></span>stime <span class=\"_ _5\"></span>nella <span class=\"_ _5\"></span>determinazione <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>reddito <span class=\"_ _5\"></span>imponibile <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>differenze<span class=\"_ _0\"></span> temporanee <span class=\"_ _15\"> </span>deducibili <span class=\"_ _15\"> </span>ed <span class=\"_ _18\"> </span>imponibili <span class=\"_ _15\"> </span>t<span class=\"_ _1\"></span>ra <span class=\"_ _15\"> </span>valori <span class=\"_ _18\"> </span>contabili <span class=\"_ _15\"> </span>e <span class=\"_ _18\"> </span>fiscali. <span class=\"_ _18\"> </span>In <span class=\"_ _18\"> </span>particolare, <span class=\"_ _15\"> </span>la valutazione <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _0\"></span>recupe<span class=\"_ _0\"></span>rabilit\u00e0 <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>imposte <span class=\"_ _0\"></span>differite,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>rilevate<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>elazione <span class=\"_ _3\"></span>sia<span class=\"_ _0\"></span> alle <span class=\"_ _19\"> </span>perdite <span class=\"_ _16\"> </span>fiscali <span class=\"_ _19\"> </span>utilizzabili <span class=\"_ _19\"> </span>negli <span class=\"_ _19\"> </span>esercizi <span class=\"_ _16\"> </span>successivi, <span class=\"_ _19\"> </span>sia <span class=\"_ _16\"> </span>alle <span class=\"_ _16\"> </span>differen<span class=\"_ _0\"></span>ze <span class=\"_ _16\"> </span>temporanee deducibili<span class=\"_ _0\"></span>, tiene conto del<span class=\"_ _0\"></span>la stima dei redditi i<span class=\"_ _0\"></span>mponibi<span class=\"_ _0\"></span>li futuri attesi. \u2022 <span class=\"_ _25\"> </span>Ri<span class=\"_ _0\"></span>duzione <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>valore <span class=\"_ _16\"> </span>delle <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _19\"> </span>f<span class=\"_ _1\"></span>inanziarie<span class=\"ff6\">: <span class=\"_ _19\"> </span>Sott<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>modello <span class=\"_ _19\"> </span>previsto <span class=\"_ _16\"> </span>dall\u2019<span class=\"_ _0\"></span>IFRS <span class=\"_ _16\"> </span>9, <span class=\"_ _16\"> </span>la </span>perdita attesa viene definita come la somma <span class=\"_ _1\"></span>delle perdite attese derivanti dagli eventi di default <span class=\"_ _15\"> </span>che <span class=\"_ _18\"> </span>possono <span class=\"_ _15\"> </span>colpi<span class=\"_ _0\"></span>re <span class=\"_ _18\"> </span>lo <span class=\"_ _15\"> </span>strumento <span class=\"_ _15\"> </span>f<span class=\"_ _1\"></span>inan<span class=\"_ _0\"></span>ziario <span class=\"_ _15\"> </span>su <span class=\"_ _18\"> </span>un <span class=\"_ _18\"> </span>determi<span class=\"_ _0\"></span>nato <span class=\"_ _15\"> </span>orizzonte temporale; <span class=\"_ _a\"></span>ci\u00f2 <span class=\"_ _19\"> </span>si <span class=\"_ _17\"> </span>concretizza <span class=\"_ _17\"></span>nella <span class=\"_ _17\"></span>rilevazione <span class=\"_ _17\"> </span>della <span class=\"_ _17\"> </span>perdita <span class=\"_ _19\"> </span>attesa <span class=\"_ _17\"></span>sia <span class=\"_ _17\"></span>utilizzando <span class=\"_ _a\"></span>dati passati <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>presenti,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>nonch\u00e9 <span class=\"_ _4\"></span>informazi<span class=\"_ _0\"></span>oni <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>merito <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>circostanze<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>future <span class=\"_ _4\"></span>(forw<span class=\"_ _0\"></span>ard <span class=\"_ _4\"></span>looking<span class=\"_ _0\"></span>). Tale modello \u00e8 s<span class=\"_ _0\"></span>tato appli<span class=\"_ _0\"></span>cato alle attivit\u00e0 finanzi<span class=\"_ _0\"></span>arie iscritte al <span class=\"_ _0\"></span>costo ammo<span class=\"_ _0\"></span>rtizzato. \u2022 <span class=\"_ _25\"> </span>Benefici<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>ai <span class=\"_ _15\"> </span>dipenden<span class=\"_ _0\"></span>ti<span class=\"ff2\">: <span class=\"_\"> </span>gli <span class=\"_ _15\"> </span>accantonamenti<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>connessi <span class=\"_ _6\"> </span>ai <span class=\"_ _6\"> </span>benefici <span class=\"_ _6\"> </span>ai <span class=\"_ _6\"> </span>dipendenti <span class=\"_ _6\"> </span>sono </span>determinati <span class=\"_ _5\"></span>sulla <span class=\"_ _a\"></span>base <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>ipotesi <span class=\"_ _a\"></span>attuarial<span class=\"_ _0\"></span>i; <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>variazi<span class=\"_ _0\"></span>oni <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>tali <span class=\"_ _a\"></span>ipotesi <span class=\"_ _5\"></span>potrebbero <span class=\"_ _a\"></span>avere<span class=\"_ _3\"></span> effetti significa<span class=\"_ _0\"></span>tivi su tale voce<span class=\"ls9\">. <span class=\"_ _0\"></span><span class=\"ls0\"> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff7 fc1\">Fondo <span class=\"_ _3\"></span>vertenze <span class=\"_ _3\"></span>legali<span class=\"ff2\">: <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>accantonamenti <span class=\"_ _2b\"></span>relativi <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>contenziosi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>rutto <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>un <span class=\"_ _0\"></span>processo </span></span></span>che <span class=\"_ _16\"> </span>si <span class=\"_ _14\"> </span>basa <span class=\"_ _16\"> </span>sulla <span class=\"_ _16\"> </span>valutazione <span class=\"_ _16\"> </span>delle <span class=\"_ _16\"> </span>probabilit\u00e0 <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>soccombenza. <span class=\"_ _14\"> </span>Coerentemen<span class=\"_ _0\"></span>te <span class=\"_ _16\"> </span>con quanto <span class=\"_ _2\"> </span>dispos<span class=\"_ _0\"></span>to <span class=\"_ _2\"> </span>da<span class=\"_ _0\"></span>i <span class=\"_ _2\"> </span>p<span class=\"_ _0\"></span>rincipi <span class=\"_ _2\"> </span>con<span class=\"_ _0\"></span>tabili <span class=\"_ _2\"> </span>i<span class=\"_ _0\"></span>nternazional<span class=\"_ _0\"></span>i, <span class=\"_ _2\"> </span>sono <span class=\"_ _2\"> </span>i<span class=\"_ _0\"></span>scritti <span class=\"_ _9\"> </span>in <span class=\"_ _2\"> </span>bilancio <span class=\"_ _2\"> </span>gl<span class=\"_ _0\"></span>i accantonamenti <span class=\"_ _4\"></span>relativi <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>quei <span class=\"_ _5\"></span>contenziosi <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>cui <span class=\"_ _a\"></span>esito <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>soccombenza <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _4\"></span>stimato <span class=\"_ _a\"></span>co<span class=\"_ _0\"></span>me probabile.  \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ffd fc1\">All<span class=\"_ _0\"></span>ocazione <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>prezzo paga<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>per <span class=\"_ _3\"></span>l\u2019acquisizione <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>controllo <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>un\u2019entit\u00e0 <span class=\"_ _3\"></span>(Purchase <span class=\"_ _0\"></span>pric<span class=\"_ _0\"></span>e </span></span>allocation): <span class=\"_ _a\"></span><span class=\"ff6\">nell<span class=\"_ _0\"></span>\u2019ambito <span class=\"_ _a\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _5\"></span>aggregazioni <span class=\"_ _a\"></span>aziendali<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>fronte <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>corrispettivo <span class=\"_ _5\"></span>trasferito </span>per <span class=\"_ _5\"></span>l\u2019acquisizione <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>controllo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un\u2019impresa, <span class=\"_ _5\"></span>pari <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span><span class=\"ff7\">f<span class=\"_ _1\"></span>air<span class=\"ff2\"> <span class=\"_ _5\"></span></span>value<span class=\"ff2\"> <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>trasferite <span class=\"_ _5\"></span>e </span></span>delle passivit\u00e0 <span class=\"_ _4\"></span>assun<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>nonch\u00e9 degli <span class=\"_ _1\"></span>strumenti <span class=\"_ _1\"></span>di capitale <span class=\"_ _1\"></span>emessi, <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>identificabili acquisite <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _5\"></span>assunte <span class=\"_ _a\"></span>sono <span class=\"_ _4\"></span>rilevate <span class=\"_ _a\"></span>nel <span class=\"_ _4\"></span>bilancio <span class=\"_ _5\"></span>consolidato <span class=\"_ _a\"></span>ai <span class=\"_ _5\"></span>valori <span class=\"_ _a\"></span>correnti<span class=\"_ _0\"></span> (<span class=\"ff7\">fair <span class=\"_ _17\"></span>value) <span class=\"_ _a\"></span></span>alla <span class=\"_ _17\"></span>data <span class=\"_ _17\"></span>di <span class=\"_ _a\"></span>acquisizione, <span class=\"_ _a\"></span>mediante <span class=\"_ _a\"></span>un <span class=\"_ _17\"> </span>processo <span class=\"_ _a\"></span>di <span class=\"_ _17\"> </span>allocazione <span class=\"_ _17\"></span>del <span class=\"_ _a\"></span>prezzo pagato (<span class=\"ff7\">Purchase price allocation</span>). Durante il periodo di misurazione, la determinazione<span class=\"_ _0\"></span> di tali valori correnti <span class=\"_ _0\"></span>comporta l\u2019assunzione di<span class=\"_ _0\"></span> stime da<span class=\"_ _0\"></span> parte degli ammin<span class=\"_ _0\"></span>istratori circa<span class=\"_ _0\"></span> le informazioni disponibili su <span class=\"_ _1\"></span>tutti <span class=\"_ _1\"></span>i f<span class=\"_ _1\"></span>atti e <span class=\"_ _1\"></span>circostanze esistenti <span class=\"_ _1\"></span>alla data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>acquisizione che possono avere e<span class=\"_ _0\"></span>ffetti sul val<span class=\"_ _0\"></span>ore delle attivit\u00e0 acqui<span class=\"_ _0\"></span>site e delle passi<span class=\"_ _0\"></span>vit\u00e0 assunte. \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff7 fc1\">Stima <span class=\"_ _a\"></span>del <span class=\"_ _17\"></span>Fair <span class=\"_ _a\"></span>Value <span class=\"_ _17\"></span>degli <span class=\"_ _a\"></span>investimenti <span class=\"_ _17\"></span>immobili<span class=\"_ _0\"></span>ari:<span class=\"ff2\"> <span class=\"_ _19\"> </span>a <span class=\"_ _a\"></span>ciascuna <span class=\"_ _17\"></span>data <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>riferimento <span class=\"_ _17\"></span>del </span></span></span>bilancio, <span class=\"_ _a\"></span>gli <span class=\"_ _5\"></span>investimenti <span class=\"_ _a\"></span>immobiliari <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>valutati<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span><span class=\"ff7\">f<span class=\"_ _1\"></span>air <span class=\"_ _a\"></span>value</span>. <span class=\"_ _5\"></span>Nel <span class=\"_ _a\"></span>determinarne <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span><span class=\"ff7\">fair </span>value<span class=\"ff2\">, gli <span class=\"_ _0\"></span>amministra<span class=\"_ _0\"></span>tori <span class=\"_ _0\"></span>si bas<span class=\"ff6\">ano su<span class=\"_ _0\"></span> assunzi<span class=\"_ _0\"></span>oni <span class=\"_ _0\"></span>relative in <span class=\"_ _0\"></span>particolare<span class=\"_ _0\"></span> all\u2019andamento<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span> </span></span>mercato <span class=\"_ _2\"> </span>i<span class=\"_ _0\"></span>mmobiliare <span class=\"_ _2\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>rife<span class=\"_ _0\"></span>rimento. <span class=\"_ _9\"> </span>Tali <span class=\"_ _2\"> </span>assunzi<span class=\"_ _0\"></span>oni <span class=\"_ _2\"> </span>possono <span class=\"_ _9\"> </span>variare <span class=\"_ _2\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>tempo<span class=\"_ _0\"></span> influenzando le valutazi<span class=\"_ _0\"></span>oni e le s<span class=\"_ _0\"></span>time effettuare<span class=\"_ _0\"></span> dagli<span class=\"_ _0\"></span> amministratori. Cambiamenti di principi contabili, errori e cambiamenti di stima I <span class=\"_ _23\"> </span>principi <span class=\"_ _23\"> </span>contabili <span class=\"_ _23\"> </span>adottati<span class=\"_ _0\"></span> <span class=\"_ _23\"> </span>sono <span class=\"_ _23\"> </span>modificati <span class=\"_ _23\"> </span>da <span class=\"_ _23\"> </span>un <span class=\"_ _23\"> </span>periodo <span class=\"_ _23\"> </span>all\u2019altro <span class=\"_ _1e\"> </span>solo <span class=\"_ _23\"> </span>se <span class=\"_ _23\"> </span>il cambiamento <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _2\"> </span>richi<span class=\"_ _0\"></span>esto <span class=\"_ _9\"> </span>da <span class=\"_ _2\"> </span>un <span class=\"_ _9\"> </span>principio <span class=\"_ _9\"> </span>o <span class=\"_ _2\"> </span>se <span class=\"_ _9\"> </span>contribuisce <span class=\"_ _9\"> </span>a <span class=\"_ _2\"> </span>fo<span class=\"_ _0\"></span>rnire <span class=\"_ _2\"> </span>i<span class=\"_ _0\"></span>nformazi<span class=\"_ _0\"></span>oni maggiormente <span class=\"_ _a\"></span>attendibi<span class=\"_ _0\"></span>li <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>rilevanti <span class=\"_ _a\"></span>degli <span class=\"_ _a\"></span>effetti <span class=\"_ _a\"></span>del<span class=\"_ _0\"></span>le <span class=\"_ _a\"></span>operazioni <span class=\"_ _a\"></span>compiute <span class=\"_ _a\"></span>sulla <span class=\"_ _a\"></span>situazione patrimoniale, sul <span class=\"_ _0\"></span>risultato economico<span class=\"_ _0\"></span> o sui flussi <span class=\"_ _0\"></span>finanziari dell<span class=\"_ _0\"></span>\u2019impresa.<span class=\"ff2\"> </span>I <span class=\"_ _2\"> </span>cambiamenti <span class=\"_ _2\"> </span>dei <span class=\"_ _2\"> </span>principi<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>contabili <span class=\"_ _2\"> </span>sono <span class=\"_ _2\"> </span>contabilizzati <span class=\"_ _2\"> </span>retroattiva<span class=\"_ _0\"></span>mente <span class=\"_ _2\"> </span>con<span class=\"_ _0\"></span> l\u2019imputazione <span class=\"_ _3\"></span>degli<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>effetti <span class=\"_ _2b\"></span>a <span class=\"_ _0\"></span>patrimonio<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>d\u2019apertura<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _3\"></span>remoto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>pe<span class=\"ff2\">riodi <span class=\"_ _3\"></span>presentati. </span>Gli <span class=\"_ _1\"></span>importi <span class=\"_ _4\"></span>comparativi <span class=\"_ _1\"></span>indi<span class=\"_ _0\"></span>cati <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>ciascun <span class=\"_ _1\"></span>periodo <span class=\"_ _1\"></span>precedente <span class=\"_ _1\"></span>vengono <span class=\"_ _4\"></span>parimenti r<span class=\"_ _1\"></span>ettificati come se il nuovo<span class=\"_ _0\"></span> principio fosse s<span class=\"_ _0\"></span>tato applicato si<span class=\"_ _0\"></span>n dall\u2019ini<span class=\"_ _0\"></span>zio. <span class=\"ff2\"> </span>L\u2019approccio <span class=\"_ _6\"> </span>prospettico<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _15\"> </span>effettuato <span class=\"_\"> </span>solo <span class=\"_ _6\"> </span>quando <span class=\"_ _6\"> </span>risulta <span class=\"_ _6\"> </span>impraticabile <span class=\"_ _6\"> </span>ricost<span class=\"ff2\">r<span class=\"_ _1\"></span>uire<span class=\"_ _0\"></span> </span>l\u2019informazione <span class=\"_ _8\"> </span>comparati<span class=\"_ _0\"></span>va <span class=\"_ _8\"> </span>ovvero <span class=\"_ _9\"> </span>qualora <span class=\"_ _8\"> </span>gli <span class=\"_ _8\"> </span>effetti <span class=\"_ _8\"> </span>del <span class=\"_ _9\"> </span>cambiamento <span class=\"_ _23\"> </span>r<span class=\"_ _1\"></span>isultino <span class=\"_ _8\"> </span>non significativi. L\u2019applicazi<span class=\"_ _0\"></span>one <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>un <span class=\"_ _19\"> </span>pri<span class=\"_ _1\"></span>ncipio <span class=\"_ _17\"> </span>contabile <span class=\"_ _19\"> </span>nuovo <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>modificato <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>contabilizzata <span class=\"_ _17\"> </span>come richiesto <span class=\"_ _14\"> </span>dal <span class=\"_ _14\"> </span>principi<span class=\"_ _0\"></span>o <span class=\"_ _14\"> </span>stesso. <span class=\"_ _14\"> </span>Se <span class=\"_ _16\"> </span>il <span class=\"_ _b\"> </span>pri<span class=\"_ _0\"></span>ncipio <span class=\"_ _14\"> </span>non <span class=\"_ _14\"> </span>discipli<span class=\"_ _0\"></span>na <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>mod<span class=\"_ _1\"></span>alit\u00e0 <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>transizione, <span class=\"_ _14\"> </span>il cambiamento \u00e8 cont<span class=\"_ _0\"></span>abilizzato secondo il<span class=\"_ _0\"></span> metodo <span class=\"_ _0\"></span>retroattivo o, se<span class=\"_ _0\"></span> impraticabi<span class=\"_ _0\"></span>le, prospettico. Nel caso di errori rilevant<span class=\"_ _0\"></span>i si applica lo stesso trattamento previ<span class=\"_ _0\"></span>sto per i cambiamenti<span class=\"_ _0\"></span> nei <span class=\"_ _2\"> </span>principi <span class=\"_ _2\"> </span>contabili <span class=\"_ _2\"> </span>illustrato <span class=\"_ _2\"> </span>in <span class=\"_ _2\"> </span>precedenza. <span class=\"_ _2\"> </span>Nel <span class=\"_ _2\"> </span>caso <span class=\"_ _2\"> </span>di <span class=\"_ _13\"> </span>errori <span class=\"_ _2\"> </span>non <span class=\"_ _2\"> </span>rilevanti <span class=\"_ _2\"> </span>la contabilizzazi<span class=\"_ _0\"></span>one \u00e8 effettuata a<span class=\"_ _0\"></span> Conto Economico<span class=\"_ _0\"></span> nel periodo in<span class=\"_ _0\"></span> cui l\u2019error<span class=\"_ _0\"></span>e \u00e8 rilevato.<span class=\"ff2\"> </span>I <span class=\"_ _1\"></span>cambiamenti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>stima <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>contabilizzati prospetticamente <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Conto <span class=\"_ _1\"></span>Economico <span class=\"_ _1\"></span>nel periodo in <span class=\"_ _0\"></span>cui avvien<span class=\"_ _0\"></span>e il <span class=\"_ _0\"></span>cambiamento se <span class=\"_ _0\"></span>influisce <span class=\"_ _0\"></span>solo <span class=\"_ _0\"></span>su quest\u2019ultimo <span class=\"_ _0\"></span>oppure ne<span class=\"_ _0\"></span>l periodo <span class=\"_ _0\"></span>in cui \u00e8 avvenuto<span class=\"_ _0\"></span> il cambia<span class=\"_ _0\"></span>mento e<span class=\"_ _0\"></span> nei periodi<span class=\"_ _0\"></span> successivi se il <span class=\"_ _0\"></span>cambiamento<span class=\"_ _0\"></span> influisce anche su<span class=\"_ _0\"></span> questi ultimi.  Informativa di settore  <span class=\"_ _24\"> </span><span class=\"ff6\">In <span class=\"_ _4\"></span>applicazi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>dell\u2019IFRS <span class=\"_ _1\"></span>8, <span class=\"_ _4\"></span>relativamente <span class=\"_ _1\"></span>agli <span class=\"_ _4\"></span>schemi <span class=\"_ _1\"></span>relativi <span class=\"_ _1\"></span>all\u2019informativa <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>settore </span>di <span class=\"_ _4\"></span>att<span class=\"_ _1\"></span>ivit\u00e0,<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>Caltagi<span class=\"_ _0\"></span>rone <span class=\"_ _4\"></span>adotta <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>suddivisione <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>settore <span class=\"_ _5\"></span>operativo, <span class=\"_ _4\"></span>definito <span class=\"_ _4\"></span>come<span class=\"_ _0\"></span> una componente<span class=\"_ _0\"></span> di un\u2019entit\u00e0:<span class=\"ff2\"> </span>a) <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>intraprende <span class=\"_ _4\"></span>attivit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _4\"></span>imprenditoriali <span class=\"_ _4\"></span>generatrici<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>ricavi <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>costi <span class=\"_ _4\"></span>(compresi <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>ricavi <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>i costi riguardanti ope<span class=\"_ _0\"></span>razioni<span class=\"_ _0\"></span> con altre componen<span class=\"_ _0\"></span>ti della medesima<span class=\"_ _0\"></span> entit\u00e0); b) <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>risultati <span class=\"_ _5\"></span>operativi <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>rivisti <span class=\"_ _5\"></span>periodicamente <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>alto <span class=\"_ _5\"></span>livello <span class=\"_ _4\"></span>decisionale <span class=\"_ _5\"></span>operativo<span class=\"_ _0\"></span> dell'entit\u00e0 <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>fini <span class=\"_ _1\"></span>dell'adozione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>decisioni <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>merito <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>risorse <span class=\"_ _4\"></span>da <span class=\"_ _1\"></span>allocare <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>settore <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>della<span class=\"_ _0\"></span> valutazione dei risulta<span class=\"_ _0\"></span>ti; e c) per la quale<span class=\"_ _0\"></span> sono disponi<span class=\"_ _0\"></span>bili informazioni di<span class=\"_ _0\"></span> bilancio separa<span class=\"_ _0\"></span>te. L\u2019indivi<span class=\"_ _0\"></span>duazione <span class=\"_ _1\"></span>dei <span class=\"_ _4\"></span>settori <span class=\"_ _4\"></span>operativi <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>Gruppo <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>stata <span class=\"_ _4\"></span>effettuata <span class=\"_ _4\"></span>con <span class=\"_ _1\"></span>riferimen<span class=\"_ _1\"></span><span class=\"ff2\">to <span class=\"_ _4\"></span>al<span class=\"_ _0\"></span> </span>sistema <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>rendicontazione <span class=\"_ _3\"></span>interno<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>adottato <span class=\"_ _3\"></span>periodicamente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>Capogruppo <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>struttura<span class=\"_ _0\"></span> direzionale e organizza<span class=\"_ _0\"></span>tiva del Gruppo<span class=\"_ _0\"></span>.  I <span class=\"_ _1\"></span>settori <span class=\"_ _1\"></span>operativi identificati del <span class=\"_ _1\"></span>Gruppo sono <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>seguenti: a) <span class=\"_ _4\"></span>Cemento, calcestruzzo e inerti, <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>appresent<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>dal<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Gr<span class=\"_ _1\"></span>uppo <span class=\"_ _3\"></span>Cementir, <span class=\"_ _3\"></span>b) Edit<span class=\"_ _0\"></span>oria, <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>appresenta<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>dal <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>Cal<span class=\"_ _0\"></span>tagirone<span class=\"_ _0\"></span> Editore, <span class=\"_ _5\"></span>c) <span class=\"_ _a\"></span>Costruzioni, <span class=\"_ _5\"></span>rappresentato <span class=\"_ _a\"></span>dal<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>Grupp<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>Vianini<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>Lavori, <span class=\"_ _5\"></span>d) <span class=\"_ _a\"></span>Gestione <span class=\"_ _5\"></span>immobiliare, rappresentato dal <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>Vianini ed <span class=\"_ _4\"></span>e) <span class=\"_ _1\"></span>Altre <span class=\"_ _1\"></span>attivit\u00e0, <span class=\"_ _1\"></span>rappresenta<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>dalle <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _1\"></span>controllate<span class=\"_ _0\"></span> che <span class=\"_ _1e\"> </span>svolgono <span class=\"_ _23\"> </span>prevalentemente<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>attivit\u00e0 <span class=\"_ _23\"> </span>di <span class=\"_ _1e\"> </span>natura <span class=\"_ _1e\"> </span>f<span class=\"_ _1\"></span>inanziaria<span class=\"_ _0\"></span>, <span class=\"_ _23\"> </span>in <span class=\"_ _1e\"> </span>qualit\u00e0 <span class=\"_ _1e\"> </span>di <span class=\"_ _23\"> </span>holding <span class=\"_ _1e\"> </span>di partecipazioni, <span class=\"_ _2b\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>controll<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>operativ<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>nella <span class=\"_ _2b\"></span>prestazione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>servizi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>varia <span class=\"_ _3\"></span>natura. In<span class=\"ls0\">oltre, <span class=\"_ _16\"> </span>le <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>sono <span class=\"_ _16\"> </span>svolte <span class=\"_ _14\"> </span>nelle <span class=\"_ _16\"> </span>seguenti <span class=\"_ _14\"> </span>aree <span class=\"_ _14\"> </span>geografiche:<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>Italia, <span class=\"_ _16\"> </span>Danimarca,<span class=\"_ _0\"></span> </span>Belgio, <span class=\"_ _17\"> </span>Usa, <span class=\"_ _19\"> </span>Turchia, <span class=\"_ _19\"> </span>Egitto, <span class=\"_ _17\"> </span>Cina <span class=\"_ _19\"> </span>con <span class=\"_ _17\"> </span>M<span class=\"_ _1\"></span>alesia <span class=\"_ _17\"></span>e <span class=\"_ _19\"> </span>Australia <span class=\"_ _17\"></span>e <span class=\"_ _19\"> </span>infine <span class=\"_ _19\"> </span>altri <span class=\"_ _17\"> </span>paesi <span class=\"_ _19\"> </span>esteri. <span class=\"_ _16\"> </span>Per<span class=\"_ _0\"></span> maggiori dettagli<span class=\"_ _0\"></span> si rimanda al<span class=\"_ _0\"></span>la nota 32. Valore del Gruppo  <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>La <span class=\"_ _14\"> </span>capitalizzazione <span class=\"_ _14\"> </span>in <span class=\"_ _14\"> </span>Borsa <span class=\"_ _14\"> </span>del <span class=\"_ _14\"> </span>titolo <span class=\"_ _14\"> </span>Caltagirone <span class=\"_ _14\"> </span>risulta <span class=\"_ _16\"> </span>attualmente <span class=\"_ _14\"> </span>inferiore <span class=\"_ _14\"> </span>al patrimonio <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>contabile <span class=\"_ _4\"></span>del <span class=\"_ _a\"></span>Gruppo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>(capitalizzazione <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>Borsa <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _a\"></span><span class=\"ls2\">2022</span> <span class=\"_ _a\"></span>par<span class=\"_ _0\"></span>i a <span class=\"ls2\">376</span> <span class=\"_ _a\"></span>m<span class=\"_ _1\"></span>ilioni<span class=\"_ _0\"></span> <span class=\"_ _17\"></span>di <span class=\"_ _17\"></span>Euro a <span class=\"_ _a\"></span>fronte <span class=\"_ _17\"></span>di <span class=\"_ _17\"></span>un <span class=\"_ _a\"></span>Patrimonio <span class=\"_ _a\"></span>Netto <span class=\"_ _17\"></span>di <span class=\"_ _17\"></span>competenza <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>Gruppo <span class=\"_ _17\"></span>di <span class=\"_ _19\"> </span>1,<span class=\"ls2\">364</span> miliardi <span class=\"_ _a\"></span>di <span class=\"_ _17\"> </span>euro), <span class=\"_ _17\"></span>significativa<span class=\"_ _0\"></span>mente <span class=\"_ _a\"></span>distante <span class=\"_ _17\"></span>dalla <span class=\"_ _a\"></span>valutazione <span class=\"_ _a\"></span>basata <span class=\"_ _17\"> </span>sui <span class=\"_ _17\"></span>fondamen<span class=\"_ _0\"></span>tali <span class=\"_ _17\"></span>del Gruppo espressa dal<span class=\"_ _0\"></span> valore econo<span class=\"_ _0\"></span>mico o di mercato dei suoi<span class=\"_ _0\"></span> assets.  <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>Si <span class=\"_ _17\"></span>ritiene <span class=\"_ _a\"></span>che <span class=\"_ _17\"></span>il <span class=\"_ _17\"></span>valore <span class=\"_ _a\"></span>del <span class=\"_ _17\"></span>Gruppo <span class=\"_ _a\"></span>debba <span class=\"_ _a\"></span>essere <span class=\"_ _17\"></span>determinato<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>avendo riguardo <span class=\"_ _a\"></span>alla capacit\u00e0 <span class=\"_ _a\"></span>di <span class=\"_ _17\"> </span>generare <span class=\"_ _17\"></span>flussi <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>inanziari <span class=\"_ _a\"></span>piuttosto <span class=\"_ _17\"></span>che <span class=\"_ _17\"></span>su <span class=\"_ _17\"></span>valori <span class=\"_ _17\"></span>di <span class=\"_ _17\"></span>Borsa <span class=\"_ _17\"></span>che <span class=\"_ _a\"></span>riflettono <span class=\"_ _17\"></span>anche situazioni <span class=\"_ _6\"> </span>non <span class=\"_ _6\"> </span>strettam<span class=\"_ _0\"></span>ente <span class=\"_ _6\"> </span>collegate<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>al <span class=\"_ _6\"> </span>Gr<span class=\"_ _1\"></span>uppo,<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>con <span class=\"_ _6\"> </span>aspettative <span class=\"_ _6\"> </span>focalizzate <span class=\"_ _6\"> </span>nel <span class=\"_ _6\"> </span>breve<span class=\"_ _0\"></span> termine. <span class=\"_ _4\"></span>Inoltre <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>consideri <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>fatto <span class=\"_ _1\"></span>che <span class=\"_ _5\"></span>normalme<span class=\"_ _0\"></span>nte <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>svolgono <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>di Holding <span class=\"_ _16\"> </span>quale <span class=\"_ _16\"> </span>la <span class=\"_ _14\"> </span>Caltag<span class=\"_ _0\"></span>irone <span class=\"_ _16\"> </span>SpA <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>mercato <span class=\"_ _16\"> </span>sconta <span class=\"_ _16\"> </span>il <span class=\"_ _14\"> </span>costo<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>della <span class=\"_ _14\"> </span>struttura <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>Holding <span class=\"_ _16\"> </span>e attribuisce <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>disecono<span class=\"_ _0\"></span>mia <span class=\"_ _0\"></span>gestionale <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>ispetto <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>l\u2019acquisto <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>singoli<span class=\"_ _0\"></span> assets <span class=\"_ _0\"></span>sotto<span class=\"_ _0\"></span>stanti, <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e separatamente <span class=\"_ _0\"></span>conside<span class=\"_ _0\"></span>rati, espri<span class=\"_ _0\"></span>mono <span class=\"_ _0\"></span>valori <span class=\"_ _0\"></span>intrinseci <span class=\"_ _0\"></span>superiori <span class=\"_ _0\"></span>alle<span class=\"_ _0\"></span> loro<span class=\"_ _0\"></span> quotazi<span class=\"_ _0\"></span>oni di<span class=\"_ _0\"></span> Borsa<span class=\"_ _0\"></span>. Attivit\u00e0<span class=\"ff2\"> </span>1.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Attivit\u00e0 Imma<span class=\"_ _0\"></span>teriali a vita utile defin<span class=\"_ _0\"></span>ita </span>Diritti di Altre Imm. in Costi di concessione, Costo storico attivit\u00e0 corso e Totale sviluppo licenze e immateriali acconti marchi 01.01.2021 1.786  54.005  240.683  3.411  299.885  Incrementi 583 <span class=\"ls0\"> </span>295 <span class=\"ls0\"> </span>2.688  3.565  Decrementi  (2)   -   -   (2)  Variazione perimetro di consolidamento 5.634  5 <span class=\"ls0\"> </span>5.639  Svalutazioni  -  Riclassifiche 265 <span class=\"ls0\"> </span>536 <span class=\"ls0\"> </span> (3.078)   (2.277)  Differenze di conversione 1.230  7.212  5 <span class=\"ls0\"> </span>8.447  31.12.2021 1.786  61.714  248.730  3.027  315.257  01.01.2022 1.786  61.714  248.730  3.027  315.257  Incrementi 1.029  12.187  2.997  16.214  Decrementi  (13)   (990)   (274)   (1.277)  Svalutazioni  -  Rivalutazioni IAS 29 4.243  3.090  7.333  Riclassifiche 1.233  4.453   (4.747)  938 <span class=\"ls0\"> </span>Differenze di conversione 409 <span class=\"ls0\"> </span>5.675  3 <span class=\"ls0\"> </span>6.087  31.12.2022 1.786  68.616  273.145  1.004  344.552  Diritti di Imm. in Fondo <span class=\"ls0\">ammortamento e perdite </span>Costi di concessione, Altre corso e Totale durevoli sviluppo licenze e acconti marchi 01.01.2021 1.786  23.686  77.600   -  103.071  Incrementi 3.237  13.933  17.170  Decrementi  -   -   -  Variazione perimetro di consolidamento - 4 <span class=\"ls0\"> </span>4 <span class=\"ls0\"> </span>Riclassifiche  (2.022)   (2.022)  Differenze di conversione 768 <span class=\"ls0\"> </span>1.299  2.067  31.12.2021 1.786  27.691  90.813   -  120.290  01.01.2022 1.786  27.691  90.813   -  120.290  Incrementi 2.723  13.830  16.553  Decrementi  (1)   (1.139)   (1.139)  Rivalutazioni IAS 29 561 <span class=\"ls0\"> </span>2.995  3.556  Variazione perimetro di consolidamento  -  Riclassifiche 321 <span class=\"ls0\"> </span> (892)   (571)  Differenze di conversione  (255)  1.086  831 <span class=\"ls0\"> </span>31.12.2022 1.786  31.040  106.693   -  139.519  Valore netto 01.01.2021  -  30.319  163.083  3.411  196.813  31.12.2021  -  34.024  157.917  3.027  194.967  31.12.2022  -  37.576  166.453  1.004  205.033  Al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>immateriali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>utile <span class=\"_ _3\"></span>definita <span class=\"_ _3\"></span>ammon<span class=\"_ _0\"></span>tano <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span><span class=\"ls2\">205<span class=\"ls0\"> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ilioni<span class=\"_ _0\"></span> </span></span>di <span class=\"_ _0\"></span>euro <span class=\"_ _0\"></span>(<span class=\"ls2\">19</span>5 <span class=\"_ _0\"></span>milioni<span class=\"_ _0\"></span> di <span class=\"_ _3\"></span>euro al <span class=\"_ _0\"></span>31<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>cembre <span class=\"_ _0\"></span><span class=\"ls2\">2021<span class=\"ls0\">) <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>sono quasi <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>ramente <span class=\"_ _3\"></span>riferibili al<span class=\"_ _0\"></span> G<span class=\"_ _0\"></span>ruppo </span></span>Cementir <span class=\"_\"> </span>Holding. <span class=\"_\"> </span>I <span class=\"_\"> </span>diritti <span class=\"_\"> </span>di <span class=\"_\"> </span>concessione <span class=\"_\"> </span>e <span class=\"_\"> </span>licenze <span class=\"_\"> </span>si <span class=\"_\"> </span>riferiscono <span class=\"_ _6\"> </span>preval<span class=\"_ _0\"></span>entemente <span class=\"_\"> </span>alle<span class=\"_ _0\"></span> concessioni <span class=\"_\"> </span>sul<span class=\"_ _0\"></span>l\u2019utilizzo <span class=\"_ _14\"> </span>di <span class=\"_\"> </span>cave <span class=\"_\"> </span>e <span class=\"_\"> </span>al<span class=\"_ _0\"></span>le <span class=\"_\"> </span>licen<span class=\"_ _0\"></span>ze <span class=\"_ _b\"> </span>software <span class=\"_ _b\"> </span>relative <span class=\"_\"> </span>al<span class=\"_ _0\"></span>l\u2019implementazion<span class=\"_ _0\"></span>e <span class=\"_\"> </span>del<span class=\"_ _0\"></span> sistema informa<span class=\"_ _0\"></span>tivo (SAP R/3)<span class=\"_ _0\"></span>. L\u2019incremento <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>periodo<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>attribuibile <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>proget<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>relativi <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>iglioramenti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>nei <span class=\"_ _1\"></span>processi IT, <span class=\"_ _16\"> </span>tecnologia, <span class=\"_ _14\"> </span>infrastrut<span class=\"_ _0\"></span>ture <span class=\"_ _14\"> </span>e <span class=\"_ _16\"> </span>misure <span class=\"_ _14\"> </span>di <span class=\"_ _16\"> </span>sicurezza <span class=\"_ _16\"> </span>informatica. <span class=\"_ _16\"> </span>In <span class=\"_ _14\"> </span>partic<span class=\"_ _0\"></span>olare, <span class=\"_ _16\"> </span>i <span class=\"_ _14\"> </span>principali progetti hanno <span class=\"_ _1\"></span>riguardato nuovi <span class=\"_ _1\"></span>sviluppi nell\u2019ambito dei <span class=\"_ _1\"></span>sistemi <span class=\"_ _1\"></span>ERP e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>reportistica (SAP <span class=\"_ _1\"></span>e BW) <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>l'implementazione <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>un <span class=\"_ _0\"></span>Budget <span class=\"_ _3\"></span>Tool <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>livello <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>Cementir <span class=\"_ _3\"></span>Holding; <span class=\"_ _3\"></span>inoltre, <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> stati <span class=\"_ _1\"></span>realizzati importanti investimenti <span class=\"_ _1\"></span>in alcune <span class=\"_ _1\"></span>societ\u00e0 del <span class=\"_ _1\"></span>Gruppo per <span class=\"_ _1\"></span>l\u2019ottimizzazione della rete e dei sistemi<span class=\"_ _0\"></span> per il s<span class=\"_ _0\"></span>upporto alla logi<span class=\"_ _0\"></span>stica (es. C-Scale).  Le <span class=\"_ _4\"></span>Altre <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _4\"></span>imma<span class=\"_ _0\"></span>teriali<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>includono <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>determinazione <span class=\"_ _1\"></span>dei <span class=\"_ _5\"></span>valori <span class=\"_ _4\"></span>assegnati <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>sede<span class=\"_ _0\"></span> di <span class=\"_ _a\"></span>acquisizione <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>Gruppo <span class=\"_ _a\"></span>Compagnie <span class=\"_ _a\"></span>des <span class=\"_ _17\"></span>Ciments <span class=\"_ _a\"></span>Belges <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>della <span class=\"_ _17\"></span>societ\u00e0 <span class=\"_ _a\"></span>Lehigh <span class=\"_ _a\"></span>White Cement <span class=\"_ _6\"> </span>Company <span class=\"_ _6\"> </span>ad <span class=\"_ _6\"> </span>alcune <span class=\"_ _6\"> </span>grandezze <span class=\"_ _15\"> </span>quali <span class=\"_ _6\"> </span>le <span class=\"_ _6\"> </span>liste <span class=\"_ _6\"> </span>clienti <span class=\"_ _15\"> </span>e <span class=\"_ _6\"> </span>i <span class=\"_ _6\"> </span>contr<span class=\"_ _1\"></span>atti <span class=\"_ _6\"> </span>inerenti <span class=\"_ _15\"> </span><span class=\"ls2\">al</span>lo sfruttamento <span class=\"_ _21\"> </span>in <span class=\"_ _1a\"> </span>esclusiva <span class=\"_ _1a\"> </span>di <span class=\"_ _1a\"> </span>cave. <span class=\"_ _1a\"> </span>Tali <span class=\"_ _1a\"> </span>grandezze <span class=\"_ _21\"> </span>sono <span class=\"_ _1a\"> </span>state <span class=\"_ _1a\"> </span>iscritt<span class=\"_ _1\"></span><span class=\"ff6\">e <span class=\"_ _1a\"> </span>nell\u2019ambito </span>dell\u2019allocazi<span class=\"_ _0\"></span>one del prezzo pagato<span class=\"_ _0\"></span> per l\u2019acqui<span class=\"_ _0\"></span>sizione delle suddet<span class=\"_ _0\"></span>te societ\u00e0.<span class=\"ff2\"> </span>2.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Attivit\u00e0 imma<span class=\"_ _0\"></span>teriali a vita utile indef<span class=\"_ _0\"></span>inita e avviamento<span class=\"_ _0\"></span> </span>Costo storico Avviamento Testate Editorial<span class=\"_ _0\"></span>i Totale 01.01.2021  331.353   103.002   434.355  Incrementi  <span class=\"ls12\">65 </span>  <span class=\"ls12\">65 </span> Svalutazioni  -  Differenze di  (12.730)   (12.730)  conversione 31.12.2021  318.688   103.002   421.690  01.01.2022 318.688 103.002 421.690 Svalutazioni (3.148) (11.200) (14.348) Rivalutazioni IAS 29<span class=\"_ _0\"></span> 99.133 99.133 Decrementi Differenze di (6.262) (6.262) conversione 31.12.2022 408.411 91.802 500.213 L\u2019avviamento <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>allocato<span class=\"ff2\"> <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>seguenti <span class=\"_ _a\"></span>gruppi <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span><span class=\"ff7\">cash <span class=\"_ _a\"></span>generating <span class=\"_ _a\"></span>unit<span class=\"ls3\">, <span class=\"_ _a\"></span></span></span>tutte <span class=\"_ _a\"></span>riferibili <span class=\"_ _a\"></span>al </span>Gruppo Cemen<span class=\"_ _0\"></span>tir Holding<span class=\"ff7\">: </span>Nord Asia 31.12.2022 Nordic &amp; Turchia Egitto Italia Totale America Pacifico Baltic USA Valore di inizio 256.757  27.164  27.874  2.147  3.169  1.577  318.688  periodo Rivalutazione  -   -  99.133   -   -  - 99.133  monetaria  Svalutazioni - -  (3.148)  - - -  (3.148)   Differenze di  (1.354)  1.681   (5.902)   (694)  7 <span class=\"ls0\"> </span>-  (6.262)  conversione  Valore di fine 255.403  28.845  117.957  1.453  3.176  1.577  408.411  periodo Nell\u2019effettuazione<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>dei <span class=\"_ _18\"> </span>t<span class=\"_ _1\"></span>est <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>impairment <span class=\"_ _18\"> </span>sono <span class=\"_ _18\"> </span>stati <span class=\"_ _18\"> </span>presi <span class=\"_ _18\"> </span>in <span class=\"_ _18\"> </span>considerazione <span class=\"_ _18\"> </span>gli<span class=\"_ _0\"></span> andamenti <span class=\"_ _1\"></span>attesi <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>2023. <span class=\"_ _1\"></span>Inoltre, per <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>anni <span class=\"_ _1\"></span>successivi, <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>state <span class=\"_ _1\"></span>formulate specifiche previsioni <span class=\"_ _17\"> </span>dell\u2019andamento <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span>business, <span class=\"_ _19\"> </span><span class=\"ff2\">tenendo <span class=\"_ _19\"> </span>pertanto <span class=\"_ _19\"> </span>conto <span class=\"_ _16\"> </span>del <span class=\"_ _19\"> </span>contesto <span class=\"_ _19\"> </span>economico-</span>finanziario e di me<span class=\"_ _0\"></span>rcato. Le <span class=\"_ _0\"></span>stime <span class=\"_ _3\"></span>ed i <span class=\"_ _3\"></span>dati <span class=\"_ _0\"></span>previsio<span class=\"_ _0\"></span>nali <span class=\"_ _3\"></span>cui sono <span class=\"_ _3\"></span>applicati <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>citati pa<span class=\"_ _0\"></span>rametri <span class=\"_ _3\"></span>sono s<span class=\"_ _0\"></span>tati <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>nati sulla base <span class=\"_ _0\"></span>dell\u2019<span class=\"_ _0\"></span>esperienza passata<span class=\"_ _0\"></span> e del<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>ttese <span class=\"_ _0\"></span>circa gli <span class=\"_ _0\"></span>sviluppi <span class=\"_ _0\"></span>dei me<span class=\"_ _0\"></span>rcati in <span class=\"_ _0\"></span>cui il<span class=\"_ _0\"></span> <span class=\"ff2\">Gruppo<span class=\"_ _0\"></span> </span>opera. <span class=\"_ _17\"> </span>Il <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>Cementir <span class=\"_ _17\"></span>Holding <span class=\"_ _17\"> </span>tiene <span class=\"_ _19\"> </span>sotto <span class=\"_ _17\"> </span>costante <span class=\"_ _17\"> </span>monitoraggio <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>circostanze<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>gli eventi, <span class=\"_ _23\"> </span>legati <span class=\"_ _23\"> </span>all\u2019evoluzione <span class=\"_ _23\"> </span>dell\u2019attuale<span class=\"_ _0\"></span> <span class=\"_ _23\"> </span>contesto <span class=\"_ _23\"> </span>economico, <span class=\"_ _23\"> </span>che <span class=\"_ _23\"> </span>potrebbero <span class=\"_ _1e\"> </span>causare l\u2019esistenza di perdite<span class=\"_ _0\"></span> di valore.<span class=\"ff2\"> </span>Le <span class=\"_ _4\"></span>verifiche <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>sopra <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>hanno <span class=\"_ _5\"></span>dato <span class=\"_ _4\"></span>origine <span class=\"_ _1\"></span>ad <span class=\"_ _5\"></span>alcuna <span class=\"_ _4\"></span>riduzione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>31 dicembre 2022.<span class=\"_ _0\"></span> L\u2019analisi<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>sensitivit\u00e0 <span class=\"_ _1\"></span>rispetto ai <span class=\"_ _4\"></span>para<span class=\"_ _0\"></span>metri <span class=\"_ _1\"></span>utili<span class=\"_ _0\"></span>zzati <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>fini <span class=\"_ _1\"></span>dell\u2019impairmen<span class=\"_ _0\"></span>t test <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>ha evidenziato effetti sui risultati delle valutazioni effettuate ed <span class=\"_ _1\"></span>\u00e8 stata operata mediante ipotesi di <span class=\"_ _1\"></span>oscillazione dei <span class=\"_ _1\"></span>tassi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>attualizzazi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>(WACC) <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dei tassi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>crescita dei <span class=\"_ _1\"></span>valori <span class=\"_ _1\"></span>terminali. In <span class=\"_ _4\"></span>particol<span class=\"_ _0\"></span>are, <span class=\"_ _1\"></span>una <span class=\"_ _4\"></span>possi<span class=\"_ _0\"></span>bile <span class=\"_ _1\"></span>ragionevole <span class=\"_ _1\"></span>oscillazione <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>WACC, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>parit\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>altre <span class=\"_ _1\"></span>condizioni, non <span class=\"_ _3\"></span>comporterebbe<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>rilevazione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>perdita <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>tutti <span class=\"_ _0\"></span>i <span class=\"_ _2b\"></span>raggruppamenti <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>CGU esposte in preceden<span class=\"_ _0\"></span>za.  Gruppo Caltagirone Edi<span class=\"_ _0\"></span>tore Con rife<span class=\"_ _0\"></span>rimento al<span class=\"_ _0\"></span> modell<span class=\"_ _0\"></span>o val<span class=\"_ _0\"></span>utativo u<span class=\"_ _0\"></span>tilizzato <span class=\"_ _0\"></span>ai fi<span class=\"_ _0\"></span>ni del<span class=\"_ _0\"></span>la verifica<span class=\"_ _0\"></span> dell<span class=\"_ _0\"></span>a recuperabi<span class=\"_ _0\"></span>lit\u00e0 delle <span class=\"_ _4\"></span>Testate <span class=\"_ _5\"></span>Editoriali, <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>linea <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>svolto <span class=\"_ _4\"></span>nel <span class=\"_ _5\"></span><span class=\"ls2\">2021</span>, <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _4\"></span>stata <span class=\"_ _5\"></span>effettuata <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>verifica <span class=\"_ _4\"></span>di recuperabilit\u00e0 <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>valore <span class=\"_ _3\"></span>delle singol<span class=\"_ _0\"></span>e Te<span class=\"_ _0\"></span>state Editorial<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>ai sen<span class=\"_ _0\"></span>si de<span class=\"_ _0\"></span>l combi<span class=\"_ _0\"></span>nato di<span class=\"_ _0\"></span>sposto del<span class=\"_ _0\"></span>lo IAS 36 par. 10(a<span class=\"_ _0\"></span>) e dello <span class=\"_ _0\"></span>IAS 38 par. 108. <span class=\"_ _0\"></span>  L\u2019<span class=\"ff7 ls0\">impairment <span class=\"_ _0\"></span>test <span class=\"ff2\">dell<span class=\"_ _0\"></span>e si<span class=\"_ _0\"></span>ngole Testa<span class=\"_ _0\"></span>te Edi<span class=\"_ _0\"></span>toriali \u00e8<span class=\"_ _0\"></span> stato<span class=\"_ _0\"></span> effe<span class=\"_ _0\"></span>ttuato a<span class=\"_ _0\"></span>vendo r<span class=\"_ _0\"></span>iferimento<span class=\"_ _0\"></span> </span></span>a <span class=\"_ _1\"></span>un <span class=\"_ _4\"></span>valore recuperabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>singole <span class=\"_ _1\"></span>Testate <span class=\"_ _1\"></span>Editoriali <span class=\"_ _1\"></span>calcolato <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>modello <span class=\"_ _1\"></span>valutativo fondato <span class=\"_ _5\"></span>su <span class=\"_ _4\"></span>una <span class=\"_ _5\"></span>misura <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>coerente <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span><span class=\"ff7\">fair <span class=\"_ _4\"></span>value</span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>terzo <span class=\"_ _5\"></span>livello <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>cui <span class=\"_ _a\"></span>al <span class=\"_ _4\"></span>principio contabile internaz<span class=\"ff6\">ional<span class=\"_ _0\"></span>e IFRS<span class=\"_ _0\"></span> 13 \u201c<span class=\"ff7\">Fair Value Mea<span class=\"_ _0\"></span>surement<span class=\"ff6\">\u201d (o \u201c<span class=\"_ _0\"></span>IFRS 13\u201d).<span class=\"_ _0\"></span>  <span class=\"ff2\"> </span></span></span></span>Il <span class=\"_ _2\"> </span>valore <span class=\"_ _2\"> </span>recup<span class=\"_ _0\"></span>erabile<span class=\"ff7\"> <span class=\"_ _2\"> </span></span>delle <span class=\"_ _2\"> </span>Te<span class=\"_ _0\"></span>state <span class=\"_ _2\"> </span>Editorial<span class=\"_ _0\"></span>i <span class=\"_ _2\"> </span>\u00e8 <span class=\"_ _2\"> </span>stato <span class=\"_ _2\"> </span>deter<span class=\"_ _0\"></span>minato <span class=\"_ _2\"> </span>median<span class=\"_ _0\"></span>te l\u2019appli<span class=\"_ _0\"></span>c<span class=\"ff2\">azione <span class=\"_ _5\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _a\"></span>una <span class=\"_ _5\"></span>m<span class=\"_ _1\"></span>etodologia <span class=\"_ _5\"></span>valutativa <span class=\"_ _a\"></span>basata <span class=\"_ _a\"></span>sui <span class=\"_ _5\"></span>multipli <span class=\"_ _5\"></span>empirici. <span class=\"_ _a\"></span>Tale <span class=\"_ _5\"></span>metodologia </span>rientra <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>metodi <span class=\"_ _4\"></span>comparativi <span class=\"_ _4\"></span>pi\u00f9 <span class=\"_ _4\"></span>diffusi<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>dottrina <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>prassi <span class=\"_ _4\"></span>ai <span class=\"_ _4\"></span>fini <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>determinazione<span class=\"_ _0\"></span> del valore di speci<span class=\"_ _0\"></span>fiche tipolog<span class=\"_ _0\"></span>ie di attivit\u00e0 im<span class=\"_ _0\"></span>materiali. Il <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>odello <span class=\"_ _1\"></span>applicato <span class=\"_ _1\"></span>fa <span class=\"_ _1\"></span>riferimento, <span class=\"_ _4\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>stima <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>valore <span class=\"_ _4\"></span>recuperabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>Testate Editoriali, a <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ultipli <span class=\"_ _0\"></span>del fa<span class=\"_ _0\"></span>tturato (distin<span class=\"_ _0\"></span>to per di<span class=\"_ _0\"></span>ffusi<span class=\"_ _0\"></span>one e racc<span class=\"_ _0\"></span>olta pubbl<span class=\"_ _0\"></span>icitaria) <span class=\"_ _0\"></span>e a <span class=\"_ _0\"></span>un fa<span class=\"_ _0\"></span>ttore correttivo <span class=\"_ _0\"></span>rappresen<span class=\"_ _0\"></span>tato <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>multiplo <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>valori <span class=\"_ _3\"></span>negativi di <span class=\"_ _0\"></span>EBITDA <span class=\"_ _0\"></span>event<span class=\"_ _0\"></span>ualmente ge<span class=\"_ _0\"></span>nerati<span class=\"_ _0\"></span> dalla <span class=\"_ _3\"></span>Testata <span class=\"_ _0\"></span>Editoriale. <span class=\"_ _3\"></span>I <span class=\"_ _3\"></span>coefficienti <span class=\"_ _3\"></span>moltiplicativi <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>variabili <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>fatturato <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ono <span class=\"_ _3\"></span>s<span class=\"_ _1\"></span>tati <span class=\"_ _0\"></span>calibrati<span class=\"_ _0\"></span> avendo <span class=\"_ _3\"></span>riferimento<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>\u201c<span class=\"ff7\">balance <span class=\"_ _3\"></span>scoreca<span class=\"_ _0\"></span>rd<span class=\"ff6\">\u201d <span class=\"_ _3\"></span>volta <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>assegnare<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>puntegg<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>serie </span></span>di <span class=\"_\"> </span>fatto<span class=\"_ _0\"></span>ri <span class=\"_\"> </span>qualita<span class=\"_ _0\"></span>tivi <span class=\"_\"> </span>espli<span class=\"_ _0\"></span>cativi <span class=\"_\"> </span>del<span class=\"_ _0\"></span> <span class=\"_\"> </span>valore <span class=\"_\"> </span>de<span class=\"_ _0\"></span>lle <span class=\"_ _b\"> </span>testate <span class=\"_\"> </span>edi<span class=\"_ _0\"></span>toriali <span class=\"_ _b\"> </span>(anziani<span class=\"_ _0\"></span>t\u00e0, <span class=\"_\"> </span>concorrenza<span class=\"_ _0\"></span>, diffusione, <span class=\"_ _21\"> </span>prezzo, <span class=\"_ _21\"> </span>redazione, <span class=\"_ _21\"> </span>attrattivit\u00e0 <span class=\"_ _21\"> </span>pubblicitaria, <span class=\"_ _1a\"> </span>potenzialit\u00e0 <span class=\"_ _21\"> </span>future, <span class=\"_ _21\"> </span>serbatoio pubblicitario <span class=\"_ _b\"> </span>e <span class=\"_\"> </span>redditivit\u00e0), <span class=\"_ _b\"> </span>sulla <span class=\"_\"> </span>base <span class=\"_ _b\"> </span>di <span class=\"_\"> </span>un\u2019an<span class=\"_ _0\"></span>alisi<span class=\"_ _0\"></span> <span class=\"_\"> </span>dell\u2019andamento <span class=\"_\"> </span>ge<span class=\"_ _0\"></span>nerale <span class=\"_\"> </span>del <span class=\"_ _b\"> </span>settore<span class=\"_ _0\"></span> editoriale <span class=\"_ _4\"></span>e <span class=\"_ _a\"></span>della <span class=\"_ _4\"></span>posizione <span class=\"_ _5\"></span>competitiva <span class=\"_ _4\"></span>assunta <span class=\"_ _4\"></span>da <span class=\"_ _a\"></span>ciascuna <span class=\"_ _4\"></span>Testata <span class=\"_ _5\"></span>Editorial<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>proprio mercato <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>riferimento,<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>nonch\u00e9 <span class=\"_ _1e\"> </span>in <span class=\"_ _1e\"> </span>fun<span class=\"ff6\">zione <span class=\"_ _1e\"> </span>dell\u2019esperienza<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>empirica <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>valutazioni </span>manageriali <span class=\"_ _4\"></span>sui <span class=\"_ _5\"></span>profili <span class=\"_ _5\"></span>quali<span class=\"_ _0\"></span>tativi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>ciascuna <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>Testate <span class=\"_ _4\"></span>Editoriali. <span class=\"_ _5\"></span>La <span class=\"_ _4\"></span>determinazione <span class=\"_ _4\"></span>dei coefficienti <span class=\"_ _b\"> </span>del <span class=\"_ _14\"> </span>f<span class=\"_ _1\"></span>atturato<span class=\"_ _0\"></span> <span class=\"_\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>funzione <span class=\"_ _b\"> </span>del <span class=\"_ _14\"> </span>punteggio <span class=\"_\"> </span>complessi<span class=\"_ _0\"></span>vo <span class=\"_ _14\"> </span>r<span class=\"_ _1\"></span>isultante <span class=\"_ _14\"> </span>dalla <span class=\"_\"> </span><span class=\"ff7\">balance </span>scorecard<span class=\"ff2\">, <span class=\"_\"> </span>per <span class=\"_\"> </span>ciascu<span class=\"_ _0\"></span>na <span class=\"_\"> </span>Testata<span class=\"_ _0\"></span> <span class=\"_\"> </span>Editoriale, <span class=\"_\"> </span>\u00e8 <span class=\"_ _b\"> </span>stata <span class=\"_\"> </span>effettuata<span class=\"_ _0\"></span> <span class=\"_\"> </span>sulla <span class=\"_\"> </span>base <span class=\"_\"> </span>di<span class=\"_ _0\"></span> <span class=\"_\"> </span>un <span class=\"_\"> </span>criterio<span class=\"_ _0\"></span> </span>oggettivo in funzione<span class=\"_ _0\"></span> del quale, per tutti i coefficienti,<span class=\"_ _0\"></span> all\u2019attribuzione<span class=\"_ _0\"></span> di <span class=\"_ _1\"></span>un punteggio mini<span class=\"_ _0\"></span>mo a <span class=\"_ _1\"></span>tutti <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>attori qualitativi <span class=\"_ _1\"></span>corrisponde <span class=\"_ _1\"></span>l\u2019estremo <span class=\"_ _1\"></span>infe<span class=\"_ _0\"></span>riore <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span><span class=\"ff7\">range<span class=\"ff2\"> <span class=\"_ _1\"></span>parametrico e <span class=\"_ _4\"></span>al <span class=\"_ _1\"></span>massimo </span></span>punteggio l\u2019estre<span class=\"_ _0\"></span>mo superiore del<span class=\"_ _0\"></span>lo stesso <span class=\"ff7\">range<span class=\"_ _0\"></span><span class=\"ff2 ls9\">. <span class=\"ls0\"> </span></span></span>Nel <span class=\"_ _a\"></span>prospetto <span class=\"_ _a\"></span>sottostante <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>riportano <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>valori <span class=\"_ _17\"></span>di <span class=\"_ _a\"></span>iscrizione <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>bilancio <span class=\"_ _a\"></span>delle <span class=\"_ _17\"></span>Testate Editoriali <span class=\"_ _3\"></span>alla <span class=\"_ _0\"></span>luce <span class=\"_ _3\"></span>dei risultati <span class=\"_ _3\"></span>delle <span class=\"_ _0\"></span>analisi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>svolte <span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>fine di <span class=\"_ _3\"></span>effettuare <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span><span class=\"ff7\">test <span class=\"_ _0\"></span><span class=\"ff2\">di <span class=\"_ _3\"></span><span class=\"ff7\">impairment<span class=\"ff2\"> <span class=\"_ _0\"></span>delle<span class=\"_ _0\"></span> </span></span></span></span>Testate <span class=\"_ _5\"></span>Editoriali. <span class=\"_ _5\"></span>I <span class=\"_ _5\"></span>risultati, <span class=\"_ _a\"></span>confor<span class=\"_ _0\"></span>tati <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>valutazioni <span class=\"_ _5\"></span>effettuate <span class=\"_ _5\"></span>da <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>professionista<span class=\"_ _0\"></span> esterno, <span class=\"_ _1\"></span>hanno <span class=\"_ _1\"></span>portato<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>rilevazione di <span class=\"_ _4\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>perdita <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>11,2 milioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>euro, <span class=\"_ _1\"></span>come di seguito elencato<span class=\"_ _0\"></span>:<span class=\"ls9\">  </span> Descrizione Testate Editorial<span class=\"_ _0\"></span>i  2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Svalutaz. Il Gazzettino  27.687 27.687             -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>Il Messaggero <span class=\"_ _0\"></span> 43.808 52.008 (8.200) Il Mattino 17.796 20.796 (3.000) Quotidiano di Puglia<span class=\"_ _0\"></span> 431<span class=\"ls0\"> </span>431<span class=\"ls0\"> </span>            -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>Corriere Adriatico<span class=\"_ _0\"></span> 2.078 2.078             -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>In <span class=\"_ _5\"></span>aggiunta <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>ve<span class=\"_ _0\"></span>rifica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>r<span class=\"_ _1\"></span>ecuperabil<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _a\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>valore <span class=\"_ _5\"></span>delle <span class=\"_ _a\"></span>Testa<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>Editoriali <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>31 dicembre <span class=\"_ _a\"></span>20<span class=\"ls2\">22</span> <span class=\"_ _a\"></span><span class=\"ff6\">mediante <span class=\"_ _a\"></span>l\u2019ap<span class=\"_ _0\"></span>plicazione <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>m<span class=\"_ _1\"></span>odello <span class=\"_ _a\"></span>illustrato <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>precedenza, <span class=\"_ _a\"></span>tenuto <span class=\"_ _a\"></span>con<span class=\"_ _0\"></span>to </span>delle <span class=\"_ _5\"></span>str<span class=\"_ _1\"></span>ette <span class=\"_ _a\"></span>inte<span class=\"_ _0\"></span>rdipendenze <span class=\"_ _5\"></span>esistenti <span class=\"_ _a\"></span>fra <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>diverse <span class=\"_ _a\"></span>legal <span class=\"_ _5\"></span>entity <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>Gru<span class=\"_ _0\"></span>ppo <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>linea <span class=\"_ _a\"></span>con q<span class=\"ff6\">uanto svolto nell\u2019ambito del t<span class=\"_ _1\"></span>est di <span class=\"_ _1\"></span>impairm<span class=\"_ _0\"></span>ent effettuato con riferimento all\u2019esercizio <span class=\"_ _1\"></span><span class=\"ff2 ls2\">2021<span class=\"ls3\">, </span></span></span>\u00e8 <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>effettuata<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>un\u2019anal<span class=\"_ _0\"></span>isi <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _3\"></span>prospetti<span class=\"_ _0\"></span>ci <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>CGU <span class=\"_ _3\"></span>avendo <span class=\"_ _2b\"></span>riferimento ad <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>unico <span class=\"_ _1\"></span>schema <span class=\"_ _1\"></span>economico, <span class=\"_ _1\"></span>patrimoniale e <span class=\"_ _4\"></span>finanzi<span class=\"_ _0\"></span>ario <span class=\"_ _1\"></span>aggregato <span class=\"_ _1\"></span>che, <span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>altre cose, consente una <span class=\"_ _0\"></span>\u201clettura<span class=\"_ _0\"></span>\u201d unitaria <span class=\"_ _0\"></span>dei dati <span class=\"_ _0\"></span>coerente <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>l\u2019effettiva modal<span class=\"_ _0\"></span>it\u00e0 di<span class=\"_ _0\"></span> gestione <span class=\"_ _0\"></span>operativa<span class=\"_ _0\"></span> dell\u2019uni<span class=\"_ _0\"></span>cum <span class=\"_\"> </span>rappresenta<span class=\"_ _0\"></span>to <span class=\"_\"> </span>dalle <span class=\"_ _b\"> </span>testate<span class=\"_ _0\"></span> <span class=\"_\"> </span>e <span class=\"_\"> </span>da<span class=\"_ _0\"></span>lla <span class=\"_ _b\"> </span>concessionaria <span class=\"_\"> </span>di<span class=\"_ _0\"></span> <span class=\"_\"> </span>pubbl<span class=\"_ _0\"></span>icit\u00e0 <span class=\"_\"> </span>al<span class=\"_ _0\"></span>le <span class=\"_\"> </span>stesse<span class=\"_ _0\"></span> dedicata. L\u2019analisi<span class=\"_ _0\"></span> <span class=\"_ _9\"> </span>in <span class=\"_ _2\"> </span>ogge<span class=\"_ _0\"></span>tto <span class=\"_ _2\"> </span>\u00e8<span class=\"_ _0\"></span> <span class=\"_ _9\"> </span>stata <span class=\"_ _9\"> </span>effe<span class=\"ff2\">ttuata <span class=\"_ _9\"> </span>come <span class=\"_ _9\"> </span>previsto <span class=\"_ _2\"> </span>da<span class=\"_ _0\"></span>l <span class=\"_ _9\"> </span>principio <span class=\"_ _9\"> </span>contabile<span class=\"_ _0\"></span> </span>internazionale <span class=\"_ _4\"></span>IAS <span class=\"_ _4\"></span>36. <span class=\"_ _4\"></span> <span class=\"_ _4\"></span><span class=\"ff6\">I<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>d\u2019uso <span class=\"_ _4\"></span>nell\u2019esercizio <span class=\"_ _1\"></span>20<span class=\"_ _1\"></span></span><span class=\"ls2\">22</span> <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _4\"></span>determinato <span class=\"_ _4\"></span>attraverso <span class=\"_ _4\"></span>la<span class=\"_ _0\"></span> metodologia <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Discounted <span class=\"_ _5\"></span>Cash <span class=\"_ _5\"></span>Flow <span class=\"_ _5\"></span>ossia <span class=\"_ _a\"></span>l\u2019attuali<span class=\"_ _0\"></span>zzazione <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>f<span class=\"_ _1\"></span>lussi<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cassa <span class=\"_ _5\"></span>operativi<span class=\"_ _0\"></span> futuri generati dal<span class=\"_ _0\"></span>la CGU. La <span class=\"_ _6\"> </span>verifica <span class=\"_ _6\"> </span>della <span class=\"_ _6\"> </span>recuperabil<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"> </span>del <span class=\"_ _6\"> </span>valore <span class=\"_ _6\"> </span>della <span class=\"_ _6\"> </span>CGU <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _6\"> </span>stata <span class=\"_ _6\"> </span>basata <span class=\"_ _6\"> </span>sul <span class=\"_ _6\"> </span>piano economico <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>finanziario <span class=\"_ _3\"></span>2023-2027 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>Caltagirone <span class=\"_ _3\"></span>Editore, <span class=\"_ _3\"></span>sviluppato <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>dei piani <span class=\"_ _1\"></span>ricevuti <span class=\"_ _1\"></span>dalle <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _4\"></span>controll<span class=\"_ _0\"></span>ate, <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>quale <span class=\"_ _4\"></span>sono state <span class=\"_ _1\"></span>riportate <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>poste <span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>onomiche <span class=\"_ _1\"></span>e patrimoniali <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>CGU <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>fanno <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>editoriali <span class=\"_ _3\"></span>(incluse <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Testate Editoriali) e di raccol<span class=\"_ _0\"></span>ta pub<span class=\"_ _0\"></span>blicitaria. In <span class=\"_ _0\"></span>particolare<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>flussi <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>cassa son<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>stati <span class=\"_ _0\"></span>stimati<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>per <span class=\"_ _3\"></span>un pe<span class=\"_ _0\"></span>riodo <span class=\"_ _3\"></span>esplicito <span class=\"_ _3\"></span>di ci<span class=\"_ _0\"></span>nque <span class=\"_ _0\"></span>anni<span class=\"_ _0\"></span> e sono <span class=\"_ _1\"></span>stati attualizzati sulla base di un <span class=\"_ _1\"></span>tasso determinato <span class=\"_ _1\"></span>in funzione del costo <span class=\"_ _1\"></span>del capitale<span class=\"_ _0\"></span> della <span class=\"_ _4\"></span>CGU <span class=\"_ _5\"></span>(weighted <span class=\"_ _4\"></span>average <span class=\"_ _4\"></span>cost <span class=\"_ _5\"></span>of <span class=\"_ _5\"></span>capital, <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>\u201cwacc\u201d). <span class=\"_ _4\"></span>A <span class=\"_ _5\"></span>tale <span class=\"_ _4\"></span>valore <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _4\"></span>sommato <span class=\"_ _4\"></span>un valore <span class=\"_ _0\"></span>terminal<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(termina<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>value) che <span class=\"_ _3\"></span>rappresenta <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>proiezione <span class=\"_ _3\"></span>della <span class=\"_ _0\"></span>capacit\u00e0 <span class=\"_ _3\"></span>di reddito <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a CGU, <span class=\"_ _5\"></span>calcolata <span class=\"_ _a\"></span>applican<span class=\"_ _0\"></span>do <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>modello <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>rendita <span class=\"_ _5\"></span>perpetua. <span class=\"_ _a\"></span>Si <span class=\"_ _5\"></span>segnala <span class=\"_ _5\"></span>altres\u00ec <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>la determinazione del<span class=\"_ _0\"></span> terminal<span class=\"_ _0\"></span> value \u00e8 stato appli<span class=\"_ _0\"></span>cato un tasso<span class=\"_ _0\"></span> di crescita par<span class=\"_ _0\"></span>i a zero.  Nell\u2019effettuazione del test di impairment<span class=\"ff2\"> <span class=\"_ _1\"></span>approvato dal Consiglio di Amministrazione, </span>sono <span class=\"_ _1\"></span>stati <span class=\"_ _1\"></span>presi <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>considerazione i <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>lussi finanziari <span class=\"_ _1\"></span>attesi <span class=\"_ _1\"></span>consolidati per<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>20<span class=\"ls2\">23</span>. <span class=\"_ _1\"></span>Inoltre, <span class=\"_ _1\"></span>per gli <span class=\"_ _1\"></span>anni <span class=\"_ _4\"></span>successivi, <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>state <span class=\"_ _4\"></span>formula<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>specific<span class=\"_ _0\"></span>he <span class=\"_ _4\"></span>previsioni<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>dell\u2019andam<span class=\"_ _0\"></span>ento <span class=\"_ _4\"></span>del <span class=\"_ _1\"></span>business, sulla <span class=\"_ _5\"></span>base <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>piani <span class=\"_ _5\"></span>ricevuti <span class=\"_ _a\"></span>dalle <span class=\"_ _5\"></span>societ<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>control<span class=\"_ _0\"></span>late, <span class=\"_ _a\"></span>tenendo <span class=\"_ _5\"></span>pertanto <span class=\"_ _a\"></span>conto <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>contesto economico-<span class=\"ff6\">finanzi<span class=\"_ _0\"></span>ario e di m<span class=\"_ _1\"></span>ercato mutato dall\u2019attual<span class=\"_ _0\"></span>e crisi, <span class=\"_ _1\"></span>nonch\u00e9 delle diverse condizion<span class=\"_ _0\"></span>i </span>operative <span class=\"_ _3\"></span>derivanti <span class=\"_ _3\"></span>dallo <span class=\"_ _3\"></span>scenario <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>crisi.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _3\"></span>riguardo <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>precisa <span class=\"_ _3\"></span>che <span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>previsi<span class=\"_ _0\"></span>oni <span class=\"_ _3\"></span>formulate nell\u2019eserci<span class=\"_ _0\"></span>zio <span class=\"_ _5\"></span>precedente <span class=\"_ _a\"></span><span class=\"ff2\">sono <span class=\"_ _5\"></span>state <span class=\"_ _a\"></span>aggiorna<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>Societ\u00e0<span class=\"ls9\">, <span class=\"_ _a\"></span></span>sulla <span class=\"_ _4\"></span>base <span class=\"_ _a\"></span>dei <span class=\"_ _5\"></span>piani <span class=\"_ _5\"></span>r<span class=\"_ _1\"></span>icevuti </span>dalle societ\u00e0 con<span class=\"_ _0\"></span>trollate, <span class=\"ff6\">anche in relazi<span class=\"_ _0\"></span>one ai dati<span class=\"_ _0\"></span> di consuntivo dell<span class=\"_ _0\"></span>\u2019esercizio 20<span class=\"ff2 ls2\">22<span class=\"ls0\">. </span></span></span>In <span class=\"_ _0\"></span>particolare<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>va <span class=\"_ _3\"></span>rimarcato <span class=\"_ _3\"></span>che l<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>azioni di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>razionalizzazione <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>contenimento <span class=\"_ _3\"></span>dei cos<span class=\"_ _0\"></span>ti decise <span class=\"_ _17\"> </span>ed <span class=\"_ _19\"> </span>intraprese <span class=\"_ _19\"> </span>nel <span class=\"_ _19\"> </span>tempo <span class=\"_ _19\"> </span>dal <span class=\"_ _19\"> </span>managemen<span class=\"_ _0\"></span>t, <span class=\"_ _19\"> </span>hanno <span class=\"_ _17\"> </span>sempre <span class=\"_ _19\"> </span>avuto <span class=\"_ _19\"> </span>un <span class=\"_ _19\"> </span>esito <span class=\"_ _19\"> </span>positivo superiore <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>preven<span class=\"_ _0\"></span>tivato. <span class=\"_ _0\"></span>Viceve<span class=\"_ _0\"></span>rsa, <span class=\"_ _0\"></span>l\u2019andamen<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>del mercato <span class=\"_ _3\"></span>pubblicitario <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>della <span class=\"_ _3\"></span>diffusione della <span class=\"_ _14\"> </span>cart<span class=\"_ _1\"></span>a <span class=\"_ _b\"> </span>stampata, <span class=\"_ _b\"> </span>a<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>causa <span class=\"_ _b\"> </span>del <span class=\"_ _b\"> </span>prolungarsi <span class=\"_ _14\"> </span>del <span class=\"_ _b\"> </span>periodo <span class=\"_ _14\"> </span>di <span class=\"_\"> </span>crisi <span class=\"_ _14\"> </span>congiuntamente <span class=\"_\"> </span>all<span class=\"_ _0\"></span>a straordinaria <span class=\"_\"> </span>rivoluzion<span class=\"_ _0\"></span>e <span class=\"_\"> </span>digitale <span class=\"_\"> </span>dei <span class=\"_\"> </span>mezzi <span class=\"_\"> </span>di <span class=\"_\"> </span>infor<span class=\"_ _0\"></span>mazione, <span class=\"_\"> </span>\u00e8 <span class=\"_\"> </span>stato <span class=\"_\"> </span>contrassegna<span class=\"_ _0\"></span>to <span class=\"_\"> </span>da difficolt\u00e0 <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _0\"></span>ampie <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>durature <span class=\"_ _3\"></span>rispetto <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>quelle <span class=\"_ _3\"></span>previste <span class=\"_ _3\"></span>da <span class=\"_ _0\"></span>tutti <span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>principali<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>operato<span class=\"_ _0\"></span>ri. <span class=\"_ _0\"></span>Per<span class=\"_ _0\"></span>tanto,<span class=\"_ _0\"></span> i <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _3\"></span>attesi <span class=\"_ _3\"></span>impiegati <span class=\"_ _3\"></span>nell<span class=\"_ _0\"></span>\u2019applicazi<span class=\"_ _0\"></span>one <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>odello <span class=\"_ _3\"></span>so<span class=\"ff2\">no <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>determinati <span class=\"_ _2b\"></span>sulla <span class=\"_ _3\"></span>base </span>dei dati <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span><span class=\"ff7\">budget<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _1\"></span><span class=\"ls2\">2023</span> e <span class=\"_ _1\"></span>di pianificazione 20<span class=\"ls2\">24</span>-2027 e <span class=\"_ _1\"></span>rappresentano<span class=\"_ _0\"></span> la <span class=\"_ _1\"></span>miglior stima degli </span></span>importi <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>tempistiche <span class=\"_ _4\"></span>secondo<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>flussi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cassa <span class=\"_ _4\"></span>futuri <span class=\"_ _4\"></span>si <span class=\"_ _4\"></span>manifesteranno <span class=\"_ _4\"></span>sulla <span class=\"_ _4\"></span>base<span class=\"_ _0\"></span> del <span class=\"_ _4\"></span>piano <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>termin<span class=\"_ _0\"></span>e, <span class=\"_ _4\"></span>che <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>stato <span class=\"_ _4\"></span>rivisto <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>aggiornato <span class=\"_ _4\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>20<span class=\"ls2\">23</span> <span class=\"_ _4\"></span>anche <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>fine <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>tenere conto <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>quanto <span class=\"_ _1e\"> </span>sopra <span class=\"_ _1e\"> </span>richiama<span class=\"_ _0\"></span>to <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>degli <span class=\"_ _1e\"> </span>scostamenti <span class=\"_ _1e\"> </span>evidenzi<span class=\"_ _0\"></span>ati <span class=\"_ _1e\"> </span>tra <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>precedente<span class=\"_ _0\"></span> pianificazion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>e i<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>consuntivo <span class=\"_ _3\"></span>20<span class=\"ls2\">22</span>. <span class=\"_ _0\"></span>I <span class=\"_ _3\"></span>Costi <span class=\"_ _3\"></span>Operativi <span class=\"_ _3\"></span>considerati <span class=\"_ _3\"></span>nei <span class=\"_ _3\"></span>flussi <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cassa <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ttesi <span class=\"_ _3\"></span>sono stati <span class=\"_ _0\"></span>anch\u2019essi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>de<span class=\"ff2\">terminati <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>funzione<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>delle <span class=\"_ _3\"></span>stime <span class=\"_ _3\"></span>del <span class=\"ff7\">manage<span class=\"_ _0\"></span>ment<span class=\"ff2\"> <span class=\"_ _0\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rossimi <span class=\"_ _3\"></span>cinque <span class=\"_ _0\"></span>anni<span class=\"_ _0\"></span> </span></span></span>e <span class=\"_ _16\"> </span>tenendo <span class=\"_ _19\"> </span>conto <span class=\"_ _16\"> </span>degli <span class=\"_ _16\"> </span>effetti <span class=\"_ _19\"> </span>positivi <span class=\"_ _16\"> </span>dei <span class=\"_ _16\"> </span>piani <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>r<span class=\"_ _1\"></span>istru<span class=\"_ _0\"></span>tturazione<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>effettuati <span class=\"_ _19\"> </span>nei <span class=\"_ _16\"> </span>precedenti esercizi<span class=\"ls3\">. </span> <span class=\"ff6\">Dall\u2019ulteriore test di impairment predisp<span class=\"_ _0\"></span>osto non sono emerse sval<span class=\"_ _0\"></span>utazioni<span class=\"ff2\"> <span class=\"_ _1\"></span>ulteriori </span></span>delle <span class=\"_\"> </span>attivit\u00e0 <span class=\"_\"> </span>incluse <span class=\"_\"> </span>nella <span class=\"_\"> </span>CGU <span class=\"_\"> </span>cui <span class=\"_\"> </span>fanno <span class=\"_\"> </span>riferi<span class=\"_ _0\"></span>mento <span class=\"_\"> </span>le <span class=\"_\"> </span>attivit\u00e0 <span class=\"_\"> </span>editorial<span class=\"_ _0\"></span>i <span class=\"_\"> </span>e <span class=\"_\"> </span>di <span class=\"_\"> </span>raccolta pubblicitaria.  Nel <span class=\"_ _1a\"> </span>prospetto <span class=\"_ _1b\"> </span>sottos<span class=\"_ _0\"></span>tante <span class=\"_ _1a\"> </span>si <span class=\"_ _1b\"> </span>riportano <span class=\"_ _1a\"> </span>i <span class=\"_ _1a\"> </span>principali <span class=\"_ _1a\"> </span>parametri <span class=\"_ _1b\"> </span>util<span class=\"_ _0\"></span>izzati <span class=\"_ _1a\"> </span>nella determinazione del<span class=\"_ _0\"></span> <span class=\"ff7\">test </span>di <span class=\"ff7\">impai<span class=\"_ _0\"></span>rment<span class=\"ff2\">. </span></span>Descrizione Tax rate WACC* g-rate<span class=\"ff1 ls28\">**</span> Periodo esplic<span class=\"_ _0\"></span>ito 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>flussi di cassa Valore 28,82% 28,82% 7,50% 6,00% 0 0 5 anni Dalle risultanze delle analisi di sensitivit\u00e0 effettuate \u00e8 <span class=\"_ _1\"></span>emerso che <span class=\"_ _1\"></span><span class=\"ff6\">\u2013</span> sebbene si r<span class=\"_ _1\"></span>ilevi una <span class=\"_ _4\"></span>sensibilit\u00e0 <span class=\"_ _4\"></span>non <span class=\"_ _5\"></span>trascurabile <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>stime <span class=\"_ _5\"></span>al <span class=\"_ _4\"></span>variare <span class=\"_ _5\"></span>dei <span class=\"_ _4\"></span>parametri <span class=\"_ _4\"></span>g <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>wacc <span class=\"_ _4\"></span>considerati <span class=\"_ _4\"></span>e che, <span class=\"_ _14\"> </span>in <span class=\"_ _14\"> </span>taluni <span class=\"_ _14\"> </span>scenari <span class=\"_ _14\"> </span>valutativi, <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span><span class=\"ff6\">differenziale <span class=\"_ _14\"> </span>tra <span class=\"_ _14\"> </span>l\u2019Enterprise <span class=\"_ _14\"> </span>Value <span class=\"_ _14\"> </span>st<span class=\"_ _0\"></span>imato <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>valore </span>contabile <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>CIN <span class=\"_ _14\"> </span>della <span class=\"_ _16\"> </span>CGU <span class=\"_ _16\"> </span>risulterebbe <span class=\"_ _16\"> </span>negativo <span class=\"_ _16\"> </span>(peraltro <span class=\"_ _16\"> </span>solo <span class=\"_ _16\"> </span>per <span class=\"_ _14\"> </span>ipotesi <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>tasso <span class=\"_ _16\"> </span>di crescita <span class=\"_ _15\"> </span>pari <span class=\"_ _18\"> </span>a <span class=\"_ _15\"> </span>zero) <span class=\"_ _18\"> </span><span class=\"ff6\">\u2013</span> <span class=\"_ _18\"> </span>nella <span class=\"_ _15\"> </span>maggioranza <span class=\"_ _15\"> </span>degli <span class=\"_ _15\"> </span>scenari <span class=\"_ _18\"> </span>esaminati <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>risultati <span class=\"_ _18\"> </span>del <span class=\"_ _15\"> </span>test confermano, nell<span class=\"_ _0\"></span>a sostanza, le con<span class=\"_ _0\"></span>clusioni otten<span class=\"_ _0\"></span>ute con riferi<span class=\"_ _0\"></span>mento allo scen<span class=\"_ _0\"></span>ario base.  Al di <span class=\"_ _0\"></span>l\u00e0 dei<span class=\"_ _0\"></span> modelli di <span class=\"_ _0\"></span>impairment u<span class=\"_ _0\"></span>tilizzati nel<span class=\"_ _0\"></span>la valutazi<span class=\"_ _0\"></span>one dell<span class=\"_ _0\"></span>e attivit\u00e0 im<span class=\"_ _0\"></span>materiali <span class=\"_ _0\"></span>a vita indefinita, va sottolineato che, nelle considerazioni<span class=\"_ _0\"></span> inerenti l\u2019effettivo valore degli asse<span class=\"_ _1\"></span><span class=\"ff2\">ts </span>immateriali <span class=\"_ _17\"></span>che <span class=\"_ _17\"> </span>qualificano <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>attivit\u00e0 <span class=\"_ _17\"></span>editoriali, <span class=\"_ _17\"></span>vanno <span class=\"_ _17\"></span>tenuti <span class=\"_ _19\"> </span>presenti <span class=\"_ _17\"></span>anche <span class=\"_ _17\"> </span>elementi <span class=\"_ _17\"> </span>che esulano <span class=\"_ _5\"></span>da <span class=\"_ _a\"></span>dinamiche<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>stret<span class=\"_ _0\"></span>tamente <span class=\"_ _5\"></span>economiche <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>hanno<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>che <span class=\"_ _5\"></span>fare <span class=\"_ _5\"></span>con <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>nume<span class=\"_ _0\"></span>ro <span class=\"_ _5\"></span>di lettori <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>con <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>diffusione <span class=\"_ _16\"> </span>sul <span class=\"_ _16\"> </span>mercato, <span class=\"_ _16\"> </span>elementi<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>che <span class=\"_ _16\"> </span>conferiscono <span class=\"_ _19\"> </span>valore <span class=\"_ _16\"> </span>e<span class=\"_ _1\"></span>ffettivo <span class=\"_ _16\"> </span>ad <span class=\"_ _16\"> </span>un quotidiano e ne<span class=\"_ _0\"></span> determinano il<span class=\"_ _0\"></span> prezzo. 3.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Immobili, imp<span class=\"_ _0\"></span>ianti e macchinari </span>Terreni e Impianti e Immobilizzazioni Costo storico Cave Altri beni Totale fabbricati Macchinari in corso 01.01.2021 488.321  189.816  1.220.324  172.231  39.752  2.110.445  Incrementi 17.466  2.509  30.938  19.448  39.251  109.612  Decrementi  (1.128)   (251)   (4.850)   (10.163)   (114)   (16.505)  Variazione perimetro di  -  34 <span class=\"ls0\"> </span>387 <span class=\"ls0\"> </span>49 <span class=\"ls0\"> </span>470 <span class=\"ls0\"> </span>consolidamento Differenze cambio  (4.926)  1.600   (24.776)   (3.506)  138 <span class=\"ls0\"> </span> (31.469)  Riclassifiche 2.082  279 <span class=\"ls0\"> </span>24.946  1.056   (28.501)   (137)  31.12.2021 501.815  193.954  1.246.617  179.453  50.575  2.172.414  01.01.2022 501.815  193.954  1.246.617  179.453  50.575  2.172.414  Incrementi 14.432  3.312  27.508  23.771  56.131  125.154  Decrementi  (7.382)   (85)   (18.861)   (16.939)   (43.267)  Rivalutazioni IAS 29 121.759  1.621  346.274  23.415  207 <span class=\"ls0\"> </span>493.276  Rivalutazioni/Svalutazioni  (218)   (218)  Differenze cambio  (10.049)   (97)   (32.958)   (2.630)   (1.244)   (46.979)  Riclassifiche 12.960  231 <span class=\"ls0\"> </span>39.709   (1.887)   (49.114)  1.898  31.12.2022 633.535  198.935  1.608.071  205.183  56.554  2.702.279  Fondo <span class=\"ls0\">ammortamento e </span>Terreni e Impianti e Immobilizzazioni Cave Altri beni Totale perdite durevoli fabbricati Macchinari in corso 01.01.2021 275.353  19.031  855.070  97.597   -  1.247.052  Incrementi 19.075  3.496  52.151  25.425   -  100.147  Decrementi  (584)   (34)   (4.197)   (9.258)   -   (14.074)  Variazione perimetro di 23 <span class=\"ls0\"> </span>268 <span class=\"ls0\"> </span> -  291 <span class=\"ls0\"> </span>consolidamento Differenze cambio  (2.004)  671 <span class=\"ls0\"> </span> (23.698)   (2.369)   -   (27.400)  Riclassifiche 3 <span class=\"ls0\"> </span> (166)  169 <span class=\"ls0\"> </span> -  6 <span class=\"ls0\"> </span>31.12.2021 291.843  23.164  879.182  111.833   -  1.306.022  01.01.2022 291.843  23.164  879.182  111.833   -  1.306.022  Incrementi 19.609  4.118  55.407  25.985  105.119  Decrementi  (7.030)   (57)   (18.828)   (15.743)   (41.658)  Rivalutazioni IAS 29 65.696  1.496  321.223  21.287  409.702  Differenze cambio  (4.887)   (251)   (22.625)   (1.776)   (29.539)  Riclassifiche 1.418  892 <span class=\"ls0\"> </span>38 <span class=\"ls0\"> </span> (1.053)  1.295  31.12.2022 366.648  29.362  1.214.397  140.534   -  1.750.942  Valore netto 01.01.2021 196.478  166.652  341.142  60.398  39.752  804.422  31.12.2021 209.972  170.790  367.434  67.620  50.575  866.392  31.12.2022 266.886  169.573  393.673  64.649  56.554  951.337   <span class=\"_ _39\"> </span>Le <span class=\"_ _15\"> </span>vite <span class=\"_ _6\"> </span>utili <span class=\"_ _15\"> </span>adottate <span class=\"_ _15\"> </span>dal <span class=\"_ _6\"> </span>Gruppo <span class=\"_ _15\"> </span>sono <span class=\"_ _6\"> </span>riportate <span class=\"_ _15\"> </span>nel <span class=\"_ _6\"> </span>paragrafo <span class=\"_ _15\"> </span>relativo <span class=\"_ _6\"> </span>ai <span class=\"_ _15\"> </span>criteri <span class=\"_ _15\"> </span>di valutazione cui si ri<span class=\"_ _0\"></span>nvia.   <span class=\"_ _39\"> </span> <span class=\"_ _3a\"> </span>Il <span class=\"_ _1\"></span>valore netto <span class=\"_ _1\"></span>contabile degli immobili, <span class=\"_ _1\"></span>impianti e <span class=\"_ _1\"></span>macchinari \u00e8 <span class=\"_ _1\"></span>impegnato<span class=\"_ _0\"></span> per <span class=\"_ _1\"></span>milioni 120,2 <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>Euro <span class=\"_ _3\"></span>(108,9 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>Euro <span class=\"_ _3\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _0\"></span>2021), <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>garanzia <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>finanziamenti <span class=\"_ _3\"></span>bancari il <span class=\"_ _1\"></span>cui <span class=\"_ _4\"></span>ammontare <span class=\"_ _1\"></span>residuo <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _4\"></span>dicembre <span class=\"_ _1\"></span>2022 <span class=\"_ _4\"></span>\u00e8 pari <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>134,9 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Euro <span class=\"_ _4\"></span>(98,2 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di Euro al 31 dicemb<span class=\"_ _0\"></span>re 2021).  <span class=\"_ _39\"> </span> <span class=\"_ _3a\"> </span>Al <span class=\"_ _19\"> </span>31 <span class=\"_ _16\"> </span>dicembre <span class=\"_ _16\"> </span>2022 <span class=\"_ _19\"> </span>non <span class=\"_ _16\"> </span>ci <span class=\"_ _19\"> </span>sono <span class=\"_ _16\"> </span><span class=\"ff6\">impegni <span class=\"_ _19\"> </span>contrattuali <span class=\"_ _19\"> </span>in <span class=\"_ _16\"> </span>essere <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>l\u2019acquisto <span class=\"_ _16\"> </span>di </span>immobili, impianti<span class=\"_ _0\"></span> e macchi<span class=\"_ _0\"></span>nari (nessun impegno al 31 dice<span class=\"_ _0\"></span>mbre <span class=\"ls2\">2021<span class=\"lsc\">).</span></span> <span class=\"_ _18\"> </span>  <span class=\"_ _39\"> </span> <span class=\"_ _3a\"> </span>Per <span class=\"_ _19\"> </span>il <span class=\"_ _17\"> </span>dettaglio <span class=\"_ _19\"> </span>della <span class=\"_ _17\"> </span>vita <span class=\"_ _19\"> </span>utile <span class=\"_ _19\"> </span>dei <span class=\"_ _19\"> </span>cespiti <span class=\"_ _17\"></span>si <span class=\"_ _19\"> </span>rinvia <span class=\"_ _17\"> </span>al <span class=\"_ _19\"> </span>paragrafo <span class=\"_ _19\"> </span>relativo <span class=\"_ _17\"></span>ai <span class=\"_ _17\"> </span>cr<span class=\"_ _1\"></span>iteri <span class=\"_ _17\"> </span>di valutazione. Gli <span class=\"_\"> </span>ammortamenti <span class=\"_\"> </span><span class=\"ff6\">dell\u2019eserci</span>zio <span class=\"_\"> </span>(nota <span class=\"_\"> </span>26) <span class=\"_ _6\"> </span>sono <span class=\"_\"> </span>calcolati <span class=\"_\"> </span>considerando <span class=\"_\"> </span>il <span class=\"_\"> </span>logorio tecnico, l\u2019obsol<span class=\"_ _0\"></span>escenza tecnologi<span class=\"_ _0\"></span>ca e il presunto val<span class=\"_ _0\"></span>ore di realizzo. <span class=\"ff2\"> </span>Con <span class=\"_ _0\"></span>riferimento <span class=\"_ _3\"></span>agli <span class=\"_ _0\"></span>impatti <span class=\"_ _3\"></span>derivanti <span class=\"_ _0\"></span>dall\u2019<span class=\"_ _0\"></span>applicazione <span class=\"_ _0\"></span>dell\u2019<span class=\"_ _0\"></span>IFRS <span class=\"_ _0\"></span>16 <span class=\"_ _3\"></span>per il <span class=\"_ _3\"></span>Gruppo al <span class=\"_ _3\"></span>31 dicembre 2022, si<span class=\"_ _0\"></span> riportano di seguito<span class=\"_ _0\"></span> le seguenti <span class=\"_ _0\"></span>informazioni inte<span class=\"_ _0\"></span>grative: Totale attivit\u00e0 Terreni e fabbricati Impianti e macchinari Altri beni per diritto di utilizzo Valore lordo al 1\u00b0 gennaio 36.290  22.173  86.396  144.858  2021<span class=\"ls0\"> </span>Incrementi 15.904  2.540  14.278  32.722  Decrementi  (757)   (2.209)   (4.633)   (7.599)  Differenze cambio 541 <span class=\"ls0\"> </span>527 <span class=\"ls0\"> </span> (947)  121 <span class=\"ls0\"> </span>Riclassifiche  (181)  10 <span class=\"ls0\"> </span>263 <span class=\"ls0\"> </span>91 <span class=\"ls0\"> </span>Valore lordo al 31 51.797  23.041  95.357  170.192  dicembre 2021  -   -   -  Fondo ammortamento al 1\u00b0 14.133  6.277  30.963  51.372  gennaio 2021 Ammortamenti 7.718  3.955  20.318  31.991  Decrementi  (242)   (1.680)   (4.070)   (5.992)  Differenze cambio 172 <span class=\"ls0\"> </span>300 <span class=\"ls0\"> </span> (248)  224 <span class=\"ls0\"> </span>Riclassifiche 3 <span class=\"ls0\"> </span>2 <span class=\"ls0\"> </span>105 <span class=\"ls0\"> </span>110 <span class=\"ls0\"> </span>Fondo ammortamento al 21.784  8.854  47.068  77.705  31 dicembre 2021 Valore netto al 31 30.013  14.187  48.288  92.487  dicembre 2021 Totale attivit\u00e0 Terreni e fabbricati Impianti e macchinari Altri beni per diritto di utilizzo Valore lordo al 1\u00b0 gennaio 51.797  23.041  95.357  170.192  2022<span class=\"ls0\"> </span>Incrementi 12.092  3.900  16.980  32.972  Decrementi  (4.901)   (572)   (11.563)   (17.036)  Rivalutazioni IAS 29 55 <span class=\"ls0\"> </span>451 <span class=\"ls0\"> </span>3.052  3.558  Differenze cambio  (362)  337 <span class=\"ls0\"> </span> (682)   (707)  Riclassifiche 2.143  36 <span class=\"ls0\"> </span> (30)  2.150  Valore lordo al 31 60.824  27.193  103.114  191.128  dicembre 2022 3.014  78 <span class=\"ls0\"> </span> (3.272)  Fondo ammortamento al 1\u00b0 21.784  8.854  47.068  77.705  gennaio 2022 Ammortamenti 8.259  4.527  20.654  33.440  Decrementi  (4.673)   (572)   (10.482)   (15.727)  Rivalutazioni IAS 29 47 <span class=\"ls0\"> </span>326 <span class=\"ls0\"> </span>1.808  2.181  Differenze cambio  (183)  216 <span class=\"ls0\"> </span> (391)   (358)  Riclassifiche 580 <span class=\"ls0\"> </span>13 <span class=\"ls0\"> </span> -  593 <span class=\"ls0\"> </span>Fondo ammortamento al 25.814  13.364  58.657  97.834  31 dicembre 2022 Valore netto al 31 35.009  13.829  44.456  93.294  dicembre 2022 Al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2022 <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>diritto <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>utilizzo <span class=\"_ _4\"></span>sono <span class=\"_ _a\"></span>pari<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>93.294 <span class=\"_ _4\"></span>mila <span class=\"_ _5\"></span>euro (92.487 al 31 dice<span class=\"_ _0\"></span>mbre 2021). L\u2019esposizion<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>Gruppo, <span class=\"_ _5\"></span>con <span class=\"_ _a\"></span>evidenza <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>scadenze <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>leasing relative ai flussi finanzi<span class=\"_ _0\"></span>ari contrat<span class=\"_ _0\"></span>tuali non attuali<span class=\"_ _0\"></span>zzati \u00e8 la segue<span class=\"_ _0\"></span>nte: 31/12/2022 31/12/2021 Entro 3 mesi<span class=\"_ _0\"></span>  7.942                          <span class=\"_ _0\"></span>  8.069  Tra 3 mesi ed 1 ann<span class=\"_ _0\"></span>o  22.528                          23<span class=\"_ _0\"></span>.283  Tra 1 e 2 anni<span class=\"_ _0\"></span>  21.619                          22<span class=\"_ _0\"></span>.790  Tra 2 e 5 anni<span class=\"_ _0\"></span>  30.665                          31<span class=\"_ _0\"></span>.306  Oltre 5 anni  9.910                          12<span class=\"_ _0\"></span>.853  Totale passivit\u00e0 <span class=\"_ _0\"></span>del leasing n<span class=\"_ _0\"></span>on attualizzate a<span class=\"_ _0\"></span>l 31 dice<span class=\"_ _0\"></span>mbre  92.664                        98<span class=\"_ _0\"></span>.300  Le passivit\u00e0 del<span class=\"_ _0\"></span> leasing non cor<span class=\"_ _0\"></span>renti e corren<span class=\"_ _0\"></span>ti sono di segui<span class=\"_ _0\"></span>to esposte: 31/12/2022 31/12/2021 Passivit\u00e0 non <span class=\"_ _0\"></span>correnti del leasing  49.828    <span class=\"ls0\">51.339 <span class=\"_ _0\"></span> </span>Passivit\u00e0 non <span class=\"_ _0\"></span>correnti del leasing<span class=\"_ _0\"></span> <span class=\"ff6\">\u2013</span> parti correlate<span class=\"_ _0\"></span>  13.640    <span class=\"ls0\">12.648 <span class=\"_ _0\"></span> </span>Passivit\u00e0 del<span class=\"_ _0\"></span> leasing non corre<span class=\"_ _0\"></span>nti  63.469    <span class=\"ls0\">63.987 <span class=\"_ _0\"></span> </span>Passivit\u00e0 corren<span class=\"_ _0\"></span>ti del leasing  26.825    <span class=\"ls0\">25.512 <span class=\"_ _0\"></span> </span>Passivit\u00e0 corren<span class=\"_ _0\"></span>ti del leasing<span class=\"_ _0\"></span> <span class=\"ff6\">\u2013</span> parti correlate<span class=\"_ _0\"></span>  3.292      4.569  Passivit\u00e0 del<span class=\"_ _0\"></span> leasing correnti  30.117    <span class=\"ls0\">30.082 <span class=\"_ _0\"></span> </span>Totale passivit\u00e0 <span class=\"_ _0\"></span>del leasing<span class=\"_ _0\"></span>  <span class=\"ff1\">93.586  </span>  <span class=\"ls0\">94.068 <span class=\"_ _0\"></span> </span>Importi rilevat<span class=\"_ _0\"></span>i nel conto eco<span class=\"_ _0\"></span>nomico 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>consolidato Ammortamenti<span class=\"_ _0\"></span>  35.117  31.991  Interessi passi<span class=\"_ _0\"></span>vi sulle passi<span class=\"_ _0\"></span>vit\u00e0 del  2.385  2.038  leasing Costi relativi a<span class=\"_ _0\"></span>i leasing a br<span class=\"_ _0\"></span>eve termine  7.798  793 <span class=\"ls0\"> </span>Costi relativi a<span class=\"_ _0\"></span>i leasing di at<span class=\"_ _0\"></span>tivit\u00e0 di  <span class=\"ls12\">60 </span> 74 <span class=\"ls0\"> </span>modesto valor<span class=\"_ _0\"></span>e 4.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Investimenti i<span class=\"_ _0\"></span>mmobiliari </span>Investimenti 01.01.2021 Incrementi/ Riclassifiche Valutazioni Effetto IAS 29<span class=\"_ _0\"></span> Delta 31.12.2021 immobiliari decrementi al Fair cambio Value Investimenti  358.462   (1.986)   -   11.087   (25.460)   342.104  immobiliari Totale  358.462   (1.986)   -   11.087   -   (25.460)   342.104  Investimenti 01.01.2022 Incrementi/ Riclassifiche Valutazioni Effetto IAS 29<span class=\"_ _0\"></span> Delta 31.12.2022 immobiliari (decrementi) al Fair cambio Value Investimenti  342.104   <span class=\"ls12\">104 </span>  20.648   (10.747)   369.493  immobiliari  (3.533)   20.918  Totale  342.104   (3.533)   <span class=\"ls12\">104 </span>  20.918   20.648   (10.747)   369.493  Gli investi<span class=\"_ _0\"></span>menti i<span class=\"_ _0\"></span>mmobiliari, pa<span class=\"_ _0\"></span>ri a<span class=\"_ _0\"></span> 369,5<span class=\"_ _0\"></span> milioni<span class=\"_ _0\"></span> di Euro<span class=\"_ _0\"></span>, sono <span class=\"_ _3\"></span>costituiti principal<span class=\"_ _0\"></span>mente da <span class=\"_\"> </span><span class=\"ls0\">terreni <span class=\"_\"> </span>situati <span class=\"_\"> </span>in <span class=\"_\"> </span>Turchia, <span class=\"_\"> </span>da <span class=\"_ _6\"> </span>immobili<span class=\"_ _0\"></span> <span class=\"_\"> </span>situati <span class=\"_\"> </span>in <span class=\"_\"> </span>Roma <span class=\"_\"> </span>(<span class=\"_ _1\"></span>a <span class=\"_\"> </span>destinazione <span class=\"_\"> </span>residenziale<span class=\"_ _0\"></span>, </span>commerciale <span class=\"_ _3\"></span>ed <span class=\"_ _0\"></span>uffici), <span class=\"_ _3\"></span>da <span class=\"_ _0\"></span>alcuni <span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>erreni <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tuati <span class=\"_ _0\"></span>nell<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>province<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>Roma e <span class=\"_ _3\"></span>Taranto <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>dal <span class=\"_ _0\"></span>terreno situato a Bagnoli<span class=\"_ _0\"></span>.   Gli <span class=\"_ _3\"></span>immobili <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>iscritti <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>value <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>perizie <span class=\"_ _3\"></span>tecniche <span class=\"_ _3\"></span>effettuate <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>esperti<span class=\"_ _0\"></span> indipendenti<span class=\"_ _0\"></span>. 5.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Partecipazioni va<span class=\"_ _0\"></span>lutate al pa<span class=\"_ _0\"></span>trimonio netto </span>La voce \u00e8 cos\u00ec compos<span class=\"_ _0\"></span>ta: 01.01.2021 Variazioni 31.12.2021 Partecipazioni<span class=\"_ _0\"></span> in imprese con<span class=\"_ _0\"></span>sortili collegate 20.108  225 <span class=\"ls0\"> </span>20.333  Partecipazioni<span class=\"_ _0\"></span> in altre imprese <span class=\"_ _0\"></span>collegate  29.323  3.138  32.461  Totale 49.431  3.363  52.794  01.01.2022 Variazioni 31.12.2022 Partecipazioni<span class=\"_ _0\"></span> in imprese con<span class=\"_ _0\"></span>sortili collegate 20.333  1 <span class=\"ls0\"> </span>20.334  Partecipazioni<span class=\"_ _0\"></span> in altre imprese <span class=\"_ _0\"></span>collegate  32.461  461 <span class=\"ls0\"> </span>32.922  Totale 52.794  462 <span class=\"ls0\"> </span>53.256  La <span class=\"_ _14\"> </span>t<span class=\"_ _1\"></span>abella <span class=\"_ _14\"> </span>successiva<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>mostra <span class=\"_ _b\"> </span>la <span class=\"_ _14\"> </span>movimentazion<span class=\"_ _0\"></span>e <span class=\"_ _b\"> </span>dell<span class=\"_ _0\"></span>e <span class=\"_ _b\"> </span>parteci<span class=\"_ _0\"></span>pazioni <span class=\"_ _14\"> </span>in <span class=\"_ _14\"> </span>imprese consortili collegate <span class=\"_ _0\"></span>valutate con<span class=\"_ _0\"></span> il metodo del<span class=\"_ _0\"></span> Patrimonio Net<span class=\"_ _0\"></span>to: Incrementi/ % Partecipazioni in imprese consortili collegate 01.01.2021 31.12.2021 (decrementi) possesso  SUD EST Scarl 11<span class=\"ls0\"> </span>10,536 0,34  CONSORZIO CO.MA.VI  289<span class=\"ls0\"> </span>289,216 0,28  SUDMETRO Scarl  12<span class=\"ls0\"> </span>11,58 0,2316  METROTEC Scarl  23<span class=\"ls0\"> </span>23,213 0,4643  CONS. SALINE JONICHE  5 4,803 0,31  METROSUD Scarl in liquidazione  24<span class=\"ls0\"> </span>23,927 0,2316  TOR VERGATA SCARL  10<span class=\"ls0\"> </span>10,296 0,3323  METRO C SCPA  19.672 19671,5 0,345  NPF <span class=\"ff6\">\u2013</span>NUOVO POLO FIERISTICO SCARL  10<span class=\"ls0\"> </span>10<span class=\"ls0\"> </span>0,25  SAT LAVORI SCARL  35<span class=\"ls0\"> </span>34,65 0,3465  CAPOSELE SCARL  8 8,21 0,4105  RIVIERA SCARL  10<span class=\"ls0\"> </span>10,351 0,207  CONSORZIO ETERIA  - 225<span class=\"ls0\"> </span>225<span class=\"ls0\"> </span>0,4091 Totale 20.108 225<span class=\"ls0\"> </span>20.333 Incrementi/ % Partecipazioni in imprese consortili collegate 01.01.2022 31.12.2022 (decrementi) possesso SUD EST Scarl 11<span class=\"ls0\"> </span>11<span class=\"ls0\"> </span>34,00% CONSORZIO CO.MA.VI 289<span class=\"ls0\"> </span>289<span class=\"ls0\"> </span>28,00% SUDMETRO Scarl 12<span class=\"ls0\"> </span>12<span class=\"ls0\"> </span>23,16% METROTEC Scarl 23<span class=\"ls0\"> </span>23<span class=\"ls0\"> </span>46,43% CONS. SALINE JONICHE 5 5 31,00% METROSUD Scarl in liquidazione 24<span class=\"ls0\"> </span>(24) - 23,16% TOR VERGATA SCARL 10<span class=\"ls0\"> </span>10<span class=\"ls0\"> </span>33,23% METRO C SCPA 19.672 19.672 34,50% NPF <span class=\"ff6\">\u2013</span>NUOVO POLO FIERISTICO SCARL 10<span class=\"ls0\"> </span>10<span class=\"ls0\"> </span>25,00% SAT LAVORI SCARL 35<span class=\"ls0\"> </span>35<span class=\"ls0\"> </span>34,65% CAPOSELE SCARL 8 8 41,05% RIVIERA SCARL 10<span class=\"ls0\"> </span>10<span class=\"ls0\"> </span>25,16% CONSORZIO ETEREA 225<span class=\"ls0\"> </span>25<span class=\"ls0\"> </span>250<span class=\"ls0\"> </span>40,91% Totale 20.333 1 20.334 La<span class=\"ls0\"> <span class=\"_ _19\"> </span>partecipazione <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>Metro <span class=\"_ _19\"> </span>C <span class=\"_ _19\"> </span>Scpa <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>esposta <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span>netto <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>debito <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>quota <span class=\"_ _19\"> </span>di </span>capitale sottosc<span class=\"_ _0\"></span>ritto ma non<span class=\"_ _0\"></span> ancora versato<span class=\"_ _0\"></span> dalla Vi<span class=\"_ _0\"></span>anini Lavori SpA (31,9<span class=\"_ _0\"></span> milioni<span class=\"_ _0\"></span> di euro).  La tabella <span class=\"_ _0\"></span>successiva <span class=\"_ _0\"></span>mostra la <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ovimentazione <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>le partecipazion<span class=\"_ _0\"></span>i in <span class=\"_ _0\"></span>altre imprese<span class=\"_ _0\"></span> collegate valutate<span class=\"_ _0\"></span> con il metodo<span class=\"_ _0\"></span> del Patrimoni<span class=\"_ _0\"></span>o Netto: Incrementi / Altri % di 01.01.2021 (decrementi) a Conto 31.12.2021 movimenti possesso economico Ecol Unicon Spzoo 2.956  270 <span class=\"ls0\"> </span> (80)  3.146  22,57% Agab Syd Aktiebolag 1.352  353 <span class=\"ls0\"> </span> (32)  1.673  18,42% Recybel  -  195 <span class=\"ls0\"> </span> (26)  169 <span class=\"ls0\"> </span>25,50% Eurostazioni Spa 9.057  27 <span class=\"ls0\"> </span>9.084  18,47% Acqua Campania S.p.A. 10.479  6.496   (4.380)  12.595  27,05% Torreblanca del Sol SA 3.524  188 <span class=\"ls0\"> </span>3.712  30,00% Metro B Srl 1.955   (78)  203 <span class=\"ls0\"> </span>2.080  25,42% Totale 29.323  7.452   (4.315)  32.460  Incrementi / Altri % di 01.01.2022 (decrementi) a Conto 31.12.2022 movimenti possesso economico Ecol Unicon Spzoo 3.146  458 <span class=\"ls0\"> </span> (149)  3.455  22,57% Agab Syd Aktiebolag 1.673  440 <span class=\"ls0\"> </span> (151)  1.962  18,42% Recybel 169 <span class=\"ls0\"> </span>75 <span class=\"ls0\"> </span> (100)  144 <span class=\"ls0\"> </span>25,50% Eurostazioni Spa 9.084  5 <span class=\"ls0\"> </span> -  9.089  18,47% Acqua Campania S.p.A. 12.595  1.716   (4.794)  9.517  27,05% Torreblanca del Sol SA 3.712  2.961   -  6.673  30,00% Metro B Srl 2.080   (88)  90 <span class=\"ls0\"> </span>2.082  25,42% Totale 32.460  5.567   (5.104)  32.922  Per le suddette<span class=\"_ _0\"></span> partecipazi<span class=\"_ _0\"></span>oni non si rilevano indi<span class=\"_ _0\"></span>catori di i<span class=\"_ _0\"></span>mpairment. La partecipazione<span class=\"_ _0\"></span> in Metro <span class=\"_ _1\"></span>B Srl \u00e8 esposta<span class=\"_ _0\"></span> al netto del debito per la quota di capitale sottoscritto ma n<span class=\"_ _0\"></span>on ancora versato dal<span class=\"_ _0\"></span>la Vianini<span class=\"_ _0\"></span> Lavori SpA (5,73 milion<span class=\"_ _0\"></span>i di euro). Nelle <span class=\"_ _3\"></span>seguenti <span class=\"_ _3\"></span>tabelle <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>sintetizzati <span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>dati <span class=\"_ _3\"></span>contabili <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>principali <span class=\"_ _3\"></span>societ<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _0\"></span>coll<span class=\"_ _0\"></span>egate; le <span class=\"_ _a\"></span>tabelle <span class=\"_ _a\"></span>includono <span class=\"_ _a\"></span>anche <span class=\"_ _a\"></span>una <span class=\"_ _a\"></span>riconciliazione <span class=\"_ _a\"></span>tra <span class=\"_ _a\"></span>le <span class=\"_ _17\"></span>informazioni <span class=\"_ _a\"></span>finanziarie<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>sintetiche <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>il valore contabil<span class=\"_ _0\"></span>e delle partecipazi<span class=\"_ _0\"></span>oni. Eurostazioni SpA*<span class=\"_ _1\"></span> Acqua Campania<span class=\"_ _1\"></span> SpA Metro C ScpA 2022 2021 2022 2021 2022 2021 Ricavi - - 96.532 85.503 79.722 55.911 Risultato di eserc<span class=\"_ _1\"></span>izio 233<span class=\"ls0\"> </span>217<span class=\"ls0\"> </span>3.583 9.103 273<span class=\"ls0\"> </span>205<span class=\"ls0\"> </span>Attivit\u00e0 non correnti<span class=\"_ _1\"></span> 20.053 11.963 183.978 136.089 93.686 94.021 Attivit\u00e0 correnti<span class=\"_ _1\"></span> 3.927 29.384 153.685 289.901 323.332 262.363 Passivit\u00e0 non cor<span class=\"_ _1\"></span>renti 3.551 21.117 2.397 28.826 2.686 2.511 Passivit\u00e0 correnti<span class=\"_ _1\"></span> 36<span class=\"ls0\"> </span>70<span class=\"ls0\"> </span>326.549 382.020 264.814 204.355 Attivit\u00e0 nette 20.393 20.160 8.717 15.144 149.518 149.518 Altre componenti O<span class=\"ls2c\">CI</span> - - - - - - Utile/(perdita) com<span class=\"_ _1\"></span>plessivo <span class=\"_ _1\"></span> 233<span class=\"ls0\"> </span>217<span class=\"ls0\"> </span>3.583 9.103 - - Riconciliazione v<span class=\"_ _1\"></span>alore della parteci<span class=\"_ _1\"></span>pazione<span class=\"_ _1\"></span> % possesso<span class=\"_ _1\"></span> 33%<span class=\"ls0\"> </span>33%<span class=\"ls0\"> </span>48%<span class=\"ls0\"> </span>48%<span class=\"ls0\"> </span>35%<span class=\"ls0\"> </span>35%<span class=\"ls0\"> </span>Quota di patrimonio <span class=\"_ _1\"></span>netto attribuibile <span class=\"_ _1\"></span>al Grupp<span class=\"_ _1\"></span>o* 11.013 11.008 4.175 7.254 51.585 51.585 Rettifiche di cons<span class=\"_ _1\"></span>olidamento<span class=\"_ _1\"></span> (1.924) (1.924) 5.342 5.342 (31.913) (31.913) Valore della parte<span class=\"_ _1\"></span>cipazione con il me<span class=\"_ _1\"></span>todo del Patrimo<span class=\"_ _1\"></span>nio 9.089 9.084 9.517 12.595 19.672 19.672 Netto Dividendi percepi<span class=\"_ _1\"></span>ti dalla collega<span class=\"_ _1\"></span>ta - - 4.332 4.372 * Il valore della p<span class=\"_ _1\"></span>artecipazione comp<span class=\"_ _1\"></span>rende Grandi Stazi<span class=\"_ _1\"></span>oni Immobiliar<span class=\"_ _1\"></span>e SpA, di cui Eurost<span class=\"_ _1\"></span>azioni possied<span class=\"_ _1\"></span>e il 40%.<span class=\"_ _1\"></span> 6.<span class=\"ls0\"> <span class=\"_ _3b\"> </span>Partecipazioni e<span class=\"_ _0\"></span> titoli n<span class=\"_ _0\"></span>on correnti   </span>La voce risulta cos\u00ec<span class=\"_ _0\"></span> composta: 01.01.2021 Variazioni 31.12.2021 Partecipazioni in imprese controllate  55 <span class=\"ls0\"> </span> -  55 <span class=\"ls0\"> </span>Partecipazioni in altre imprese (FVTOCI) 4.519   (29)  4.490  Investimenti in strumenti rappresentativi di 314.883  239.822  554.705  capitale (FVTOCI) Totale 319.457  239.793  559.250  01.01.2022 Variazioni 31.12.2022 Partecipazioni in imprese controllate 55 <span class=\"ls0\"> </span>3 <span class=\"ls0\"> </span>58 <span class=\"ls0\"> </span>Partecipazioni in altre imprese (FVTOCI) 4.490  43 <span class=\"ls0\"> </span>4.533  Investimenti in strumenti rappresentativi di 554.705  2.770  557.475  capitale (FVTOCI) Titoli a reddito fisso (Costo ammortizzato)  -  25.399  25.399  Totale 559.250  28.214  587.464  a)<span class=\"ls0\"> <span class=\"_ _20\"> </span>Partecipazioni in imp<span class=\"_ _0\"></span>rese controll<span class=\"_ _0\"></span>ate  </span>Le partecipazioni in imprese controllate non consoli<span class=\"_ _0\"></span>date riguardano societ\u00e0 consortili che <span class=\"_ _a\"></span><span class=\"ff6\">funzion<span class=\"_ _0\"></span>ano <span class=\"_ _a\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>sistema<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>\u201cribaltamento <span class=\"_ _5\"></span>costi\u201d <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>non <span class=\"_ _a\"></span>sono <span class=\"_ _5\"></span>significative <span class=\"_ _5\"></span>ai <span class=\"_ _a\"></span>fini <span class=\"_ _5\"></span>della </span>rappresentazione econo<span class=\"_ _0\"></span>mica, finanzi<span class=\"_ _0\"></span>aria e patrim<span class=\"_ _0\"></span>oniale del Gruppo<span class=\"_ _0\"></span>. Partecipazioni in<span class=\"_ _0\"></span> imprese contr<span class=\"_ _0\"></span>ollate<span class=\"_ _0\"></span>  01.01.2021 Incrementi/ (De<span class=\"_ _0\"></span>crementi) 31.12.2021 % <span class=\"ls0\">possesso </span>Consorzio del S<span class=\"_ _0\"></span>inni Scarl  <span class=\"ls12\">8 </span>  <span class=\"ls12\">8 </span> 40,96% San Benedetto <span class=\"_ _0\"></span>Scarl  <span class=\"ls12\">1 </span>  <span class=\"ls12\">1 </span> 54,00% Metrofc Scarl  <span class=\"ls12\">14 </span>  <span class=\"ls12\">14 </span> 70,00% CMV Scarl  <span class=\"ls12\">28 </span>  <span class=\"ls12\">28 </span> 55,28% Altre minori  <span class=\"ls12\">4 </span>  <span class=\"ls12\">4 </span> Totale  <span class=\"ls12\">55 </span>  -   <span class=\"ls12\">55 </span> Partecipazioni in<span class=\"_ _0\"></span> imprese contr<span class=\"_ _0\"></span>ollate<span class=\"_ _0\"></span>  01.01.2022 Incrementi/ (De<span class=\"_ _0\"></span>crementi) 31.12.2022 % possesso Consorzio del S<span class=\"_ _0\"></span>inni Scarl  <span class=\"ls12\">8 </span>  <span class=\"ls12\">8 </span> 40,96% San Benedetto <span class=\"_ _0\"></span>Scarl  <span class=\"ls12\">1 </span>  <span class=\"ls1c\">(1) </span>  -  Metrofc Scarl  <span class=\"ls12\">14 </span>  <span class=\"ls12\">14 </span> 70,00% CMV Scarl  <span class=\"ls12\">28 </span>  <span class=\"ls12\">28 </span> 55,28% Sidrica Scarl  -   <span class=\"ls12\">4 </span>  <span class=\"ls12\">4 </span> 80,00% Altre minori  <span class=\"ls12\">4 </span>  <span class=\"ls12\">4 </span> Totale  <span class=\"ls12\">55 </span>  <span class=\"ls12\">3 </span>  <span class=\"ls12\">58 </span> b)<span class=\"ls0\"> <span class=\"_ _8\"> </span>Part<span class=\"_ _1\"></span>ecipazioni<span class=\"_ _0\"></span> in altre imprese  </span>Il dettaglio dell<span class=\"_ _0\"></span>e partecipazioni<span class=\"_ _0\"></span> \u00e8 il seguente: Partecipazioni in<span class=\"_ _0\"></span> altre imprese<span class=\"_ _0\"></span>  01.01.2021 Incrementi/ (De<span class=\"_ _0\"></span>crementi) 31.12.2021 % <span class=\"ls0\">possesso </span>CONSORZIO IR<span class=\"_ _0\"></span>ICAV UNO  <span class=\"ls12\">72 </span>  -   <span class=\"ls12\">72 </span> 16,28% IGEI S.P.A.  In Liqu<span class=\"_ _0\"></span>idazione<span class=\"_ _0\"></span>  <span class=\"ls12\">194 </span>  <span class=\"ls1c\">(19) </span>  <span class=\"ls12\">175 </span> 9,60% IRINA Srl  <span class=\"ls12\">86 </span>  -   <span class=\"ls12\">86 </span> 14,10% ACQUE BLU ARN<span class=\"_ _0\"></span>O BASSO S<span class=\"_ _0\"></span>PA  1.903   -   1.903  10%<span class=\"ls0\"> </span>METROPOLITAN<span class=\"_ _0\"></span>A DI NAPOLI  <span class=\"ls12\">958 </span>  -   <span class=\"ls12\">958 </span> 18,12% ANSA  1.198   -   1.198  6,71% ALTRE MINORI<span class=\"_ _0\"></span>  <span class=\"ls12\">107 </span>  <span class=\"ls1c\">(10) </span>  <span class=\"ls12\">97 </span> Totale  4.519   <span class=\"ls1c\">(29) </span>  4.490  Partecipazioni in<span class=\"_ _0\"></span> altre imprese<span class=\"_ _0\"></span>  01.01.2022 Incrementi/ (De<span class=\"_ _0\"></span>crementi) 31.12.2022 % possesso<span class=\"_ _0\"></span> CONSORZIO IR<span class=\"_ _0\"></span>ICAV UNO  <span class=\"ls12\">72 </span>  <span class=\"ls12\">72 </span> 16,28% IGEI S.P.A.  In Liqu<span class=\"_ _0\"></span>idazione<span class=\"_ _0\"></span>  <span class=\"ls12\">175 </span>  <span class=\"ls12\">175 </span> 9,60% IRINA Srl  <span class=\"ls12\">86 </span>  <span class=\"ls12\">86 </span> 14,10% ACQUE BLU ARN<span class=\"_ _0\"></span>O BASSO S<span class=\"_ _0\"></span>PA  1.903   1.903  10%<span class=\"ls0\"> </span>METROPOLITAN<span class=\"_ _0\"></span>A DI NAPOLI  <span class=\"ls12\">958 </span>  <span class=\"ls12\">958 </span> 18,12% ANSA  1.198   1.198  6,71% ALTRE MINORI<span class=\"_ _0\"></span>  <span class=\"ls12\">97 </span>  <span class=\"ls12\">43 </span>  <span class=\"ls12\">140 </span> Totale  4.490   <span class=\"ls12\">43 </span>  4.533  c) <span class=\"_ _2\"> </span>Investimenti in<span class=\"_ _0\"></span> strumenti rappresen<span class=\"_ _0\"></span>tativi di capi<span class=\"_ _0\"></span>tale Investimenti in strumenti Acquisti/ Valutazione al fair 01.01.2021 31.12.2021 rappresentativi di capitale (Cessioni) value Acea SpA  55.326   -   5.194   60.520  Assicurazioni Generali SpA  245.272   82.989   85.325   413.586  Atlantia SpA  -   46.785   2.075   48.860  Enel SpA  12.414   (11.789)   (625)   -  Italgas SpA  -   6.758   <span class=\"ls1\">502 </span>  7.260  Poste Italiane SpA  -   22.109   2.125   24.234  Suez SA  1.622   (1.517)   (105)   -  Altre minori  <span class=\"ls1\">250 </span>  (6)   <span class=\"ls1\">1 </span>  <span class=\"ls1\">245 </span> Totale  314.884   145.329   94.492   554.705  Investimenti in strumenti Acquisti/ Valutazione al fair 01.01.2022 31.12.2022 rappresentativi di capitale (Cessioni) value Acea SpA  60.520   29.354   (17.522)   72.352  Assicurazioni Generali SpA  413.586   (4.833)   (47.377)   361.376  Atlantia SpA  48.860   (46.785)   (2.075)   -  Azimut SpA  -   5.921   <span class=\"ls1\">358 </span>  6.279  Italgas SpA  7.260   -   (1.032)   6.228  Mediobanca SpA  -   87.577   (4.924)   82.653  Poste Italiane SpA  24.234   8.304   (4.247)   28.291  Altre minori  <span class=\"ls1\">245 </span>  <span class=\"ls1\">50 </span>  <span class=\"ls1\">1 </span>  <span class=\"ls1\">296 </span> Totale  554.705   79.588   (76.818)   557.475  Acquisti/ Numero di azioni 01.01.2021 31.12.2021 (Cessioni) Acea SpA 3.226.000 3.226.000 Assicurazioni Generali SpA 17.200.000 5.000.000 22.200.000 Atlantia SpA - 2.800.000 2.800.000 Enel SpA 1.500.000 (1.500.000) - Italgas SpA - 1.200.000 1.200.000 Poste Italiane SpA - 2.100.000 2.100.000 Suez SA 100.000 (100.000) - Acquisti/ 01.01.2022 31.12.2022 (Cessioni) Acea SpA 3.226.000 2.374.000 5.600.000 Assicurazioni Generali SpA 22.200.000 (450.000) 21.750.000 Atlantia SpA 2.800.000 (2.800.000) - Azimut SpA - 300.000 300.000 Italgas SpA 1.200.000 - 1.200.000 Mediobanca SpA - 9.200.000 9.200.000 Poste Italiane SpA 2.100.000 1.000.000 3.100.000 La valutazione <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span><span class=\"ff7\">fair <span class=\"_ _1\"></span>value</span> di <span class=\"_ _1\"></span>tali <span class=\"_ _1\"></span>strumenti di <span class=\"_ _1\"></span>capitale <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 dicembre <span class=\"_ _4\"></span><span class=\"ls2\">20</span>22 ha <span class=\"_ _1\"></span>avuto come <span class=\"_\"> </span>con<span class=\"_ _0\"></span>tropartita, <span class=\"_ _b\"> </span>attraverso <span class=\"_ _b\"> </span>il <span class=\"_\"> </span>Conto <span class=\"_ _b\"> </span>Econo<span class=\"_ _0\"></span>mico <span class=\"_\"> </span>C<span class=\"_ _0\"></span>omplessivo, <span class=\"_\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_\"> </span>s<span class=\"_ _0\"></span>pecifica <span class=\"_ _b\"> </span>riserva <span class=\"_\"> </span>di<span class=\"_ _0\"></span> Patrimonio Netto<span class=\"_ _0\"></span><span class=\"ls9\">. <span class=\"ls0\">   </span></span>Di seguito viene <span class=\"_ _0\"></span>riportata la variazi<span class=\"_ _0\"></span>one della ri<span class=\"_ _0\"></span>serva <span class=\"ff7\">fair value: </span>Incrementi / 01.01.2021 31.12.2021 (decrementi) Riserva Fair Value  25.246   94.492   119.738  Effetto fiscale  (345)   (5.625)   (5.970)  Riserva Fair Value al netto dell\u2019effetto fiscale<span class=\"ff1\"> </span> 24.901   88.867   113.768  di cui quota Gruppo  26.870   68.398   95.268  Incrementi / 01.01.2022 31.12.2022 (decrementi) Riserva Fair Value  119.738   (76.818)   42.920  Effetto fiscale  (5.970)   4.669   (1.301)  Riserva Fair Value al netto dell\u2019effetto fiscale<span class=\"ff1\"> </span> 113.768   (72.149)   41.619  di cui quota Gruppo  95.268   (56.793)   38.475  Relativamente <span class=\"_ _14\"> </span>all\u2019informativa <span class=\"_ _14\"> </span>richiesta <span class=\"_ _b\"> </span>dall\u2019<span class=\"_ _0\"></span>IFRS <span class=\"_ _b\"> </span>13<span class=\"ls0\">, <span class=\"_ _b\"> </span>in <span class=\"_ _14\"> </span>riferimento <span class=\"_ _14\"> </span>alla <span class=\"_ _14\"> </span>cosiddetta </span>\u201cgerarchia <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span><span class=\"ff7\">f<span class=\"_ _1\"></span>air <span class=\"_ _a\"></span>value</span>\u201d, <span class=\"_ _a\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>rileva <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>azioni <span class=\"_ _5\"></span>disponibili <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>ve<span class=\"ff2\">ndita <span class=\"_ _a\"></span>appartengono <span class=\"_ _a\"></span>al<span class=\"_ _0\"></span> </span>livello 1, trattando<span class=\"_ _0\"></span>si di strumenti <span class=\"_ _0\"></span>finanziari quo<span class=\"_ _0\"></span>tati in un merca<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>attivo.<span class=\"_ _0\"></span> Il <span class=\"ff7\">fair value </span>dei Ti<span class=\"_ _0\"></span>toli a reddito fisso<span class=\"_ _0\"></span> al 31 dicembre 2022 \u00e8 pari<span class=\"_ _0\"></span> ad Euro 24<span class=\"_ _0\"></span>,9 milioni.  7.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Attivit\u00e0 finanz<span class=\"_ _0\"></span>iarie non co<span class=\"_ _0\"></span>rrenti </span> <span class=\"_ _32\"> </span> <span class=\"_ _17\"></span>La <span class=\"_ _1\"></span>voce, <span class=\"_ _4\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span><span class=\"ls2\">296</span> <span class=\"_ _4\"></span>mila <span class=\"_ _1\"></span><span class=\"ls2\">di</span> <span class=\"_ _4\"></span>Euro, <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>costituita <span class=\"_ _4\"></span>princi<span class=\"_ _0\"></span>palmente <span class=\"_ _4\"></span>da <span class=\"_ _1\"></span>un <span class=\"_ _4\"></span>risconto <span class=\"_ _1\"></span>attivo <span class=\"_ _1\"></span>su oneri accessori ad<span class=\"_ _0\"></span> un finanziamento<span class=\"_ _0\"></span> acceso dall<span class=\"_ _0\"></span>a Cementir Holdi<span class=\"_ _0\"></span>ng. 8.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Altre attivit\u00e0<span class=\"_ _0\"></span> non corre<span class=\"_ _0\"></span>nti </span> <span class=\"_ _3c\"> </span> <span class=\"_ _33\"> </span>La <span class=\"_ _17\"> </span>voce, <span class=\"_ _19\"> </span>pari <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>2,9 <span class=\"_ _19\"> </span>milioni <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>Euro<span class=\"ls9\">, <span class=\"_ _19\"> </span></span>si <span class=\"_ _19\"> </span>riferisce <span class=\"_ _17\"></span>principalmente <span class=\"_ _19\"> </span>a <span class=\"_ _17\"> </span>crediti <span class=\"_ _17\"> </span>per <span class=\"_ _19\"> </span>I<span class=\"_ _1\"></span>VA <span class=\"_ _17\"></span>e depositi cauzional<span class=\"_ _0\"></span>i, relativi al Gruppo<span class=\"_ _0\"></span> Cementir H<span class=\"_ _0\"></span>olding. 9.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Imposte differi<span class=\"_ _0\"></span>te e impos<span class=\"_ _0\"></span>te correnti  </span> <span class=\"_ _3d\"> </span>Le <span class=\"_ _17\"></span>imposte <span class=\"_ _17\"></span>differite <span class=\"_ _a\"></span>sono <span class=\"_ _17\"></span>riferite <span class=\"_ _17\"> </span>a <span class=\"_ _17\"></span>differenze <span class=\"_ _a\"></span>temporanee <span class=\"_ _a\"></span>tr<span class=\"_ _1\"></span>a <span class=\"_ _17\"></span>i <span class=\"_ _17\"></span>valori <span class=\"_ _17\"></span>di <span class=\"_ _a\"></span>Bilancio <span class=\"_ _a\"></span>e <span class=\"_ _19\"> </span>i corrispondenti val<span class=\"_ _0\"></span>ori fiscal<span class=\"_ _0\"></span>mente riconosciuti.<span class=\"_ _0\"></span>   <span class=\"_ _3d\"> </span>Di seguito viene <span class=\"_ _0\"></span>fornita la movi<span class=\"_ _0\"></span>mentazione del<span class=\"_ _0\"></span>le Imposte Di<span class=\"_ _0\"></span>fferite Attive e <span class=\"_ _0\"></span>Passive: Accantonamenti<span class=\"_ _0\"></span> al netto degl<span class=\"_ _0\"></span>i Altre 01.01.2021 31.12.2021 utilizzi a conto eco<span class=\"_ _0\"></span>nomico  variazioni Imposte diffe<span class=\"_ _0\"></span>rite attive Perdite fiscali a nuo<span class=\"_ _0\"></span>vo  73.220   4.529   (1.096)   76.653  Differenze su<span class=\"_ _0\"></span> attivit\u00e0 material<span class=\"_ _0\"></span>i  <span class=\"ls12\">79 </span>  -   <span class=\"ls1c\">(348) </span>  <span class=\"ls1c\">(269) </span> Fondo per rischi e<span class=\"_ _0\"></span> oneri  3.455   <span class=\"ls1c\">(24) </span>  <span class=\"ls1c\">(472) </span>  2.959  Svalutazione credi<span class=\"_ _0\"></span>ti  1.498   <span class=\"ls1c\">(196) </span>  1.302  Altri  63.398   1.549   (1.674)   63.273  Totale   141.650   5.858   (3.590)   143.918  Imposte diffe<span class=\"_ _0\"></span>rite passive Fair value attivit\u00e0<span class=\"_ _0\"></span> immat. e materia<span class=\"_ _0\"></span>li  3.458   <span class=\"ls1c\">(128) </span>  -   3.330  Fair value in<span class=\"_ _0\"></span>vestimenti immobi<span class=\"_ _0\"></span>liari  8.489   (7.217)   -   1.272  Differenze ammor<span class=\"_ _0\"></span>tamenti contab<span class=\"_ _0\"></span>ili  124.389   (10.821)   <span class=\"ls1c\">(69) </span>  113.499  Rivalutazione impian<span class=\"_ _0\"></span>ti  11.286   <span class=\"ls1c\">(582) </span>  (2.633)   8.071  Altri  27.716   3.003   8.603   39.322  Totale  175.338   (15.745)   5.901   165.494  Valore netto per<span class=\"_ _0\"></span> imposte d<span class=\"_ _0\"></span>ifferite  (33.688)   21.603   (9.491)   (21.576)  Accantonamenti<span class=\"_ _0\"></span> al netto degl<span class=\"_ _0\"></span>i Altre 01.01.2022 31.12.2022 utilizzi a conto eco<span class=\"_ _0\"></span>nomico  variazioni Imposte diffe<span class=\"_ _0\"></span>rite attive Perdite fiscali a nuo<span class=\"_ _0\"></span>vo  76.653   (1.060)   <span class=\"ls12\">441 </span>  76.034  Differenze su<span class=\"_ _0\"></span> attivit\u00e0 material<span class=\"_ _0\"></span>i  <span class=\"ls1c\">(269) </span>  7.751   <span class=\"ls1c\">(123) </span>  7.359  Fondo per rischi e<span class=\"_ _0\"></span> oneri  2.959   <span class=\"ls12\">563 </span>  <span class=\"ls1c\">(198) </span>  3.324  Svalutazione credi<span class=\"_ _0\"></span>ti  1.302   <span class=\"ls1c\">(266) </span>  -   1.036  Rivalutazione mon<span class=\"_ _0\"></span>etaria IAS 29  -   -   (10.186)   (10.186)  Altri  63.273   <span class=\"ls12\">931 </span>  (6.262)   57.942  Totale   143.918   7.918   (16.328)   135.508  Imposte diffe<span class=\"_ _0\"></span>rite passive Fair value attivit\u00e0<span class=\"_ _0\"></span> immat. e materia<span class=\"_ _0\"></span>li  3.330   <span class=\"ls1c\">(128) </span>  -   3.202  Fair value in<span class=\"_ _0\"></span>vestimenti immobi<span class=\"_ _0\"></span>liari  1.272   1.608   <span class=\"ls12\">212 </span>  3.092  Differenze ammor<span class=\"_ _0\"></span>tamenti contab<span class=\"_ _0\"></span>ili  113.499   (2.760)   (1.412)   109.327  Rivalutazione impian<span class=\"_ _0\"></span>ti  8.071   <span class=\"ls12\">714 </span>  <span class=\"ls1c\">(431) </span>  8.354  Rivalutazione mon<span class=\"_ _0\"></span>etaria IAS 29  -   3.654   15.528   19.182  Altri  39.322   8.101   (6.032)   41.391  Totale  165.494   11.189   7.865   184.548  Valore netto per<span class=\"_ _0\"></span> imposte d<span class=\"_ _0\"></span>ifferite  (21.576)   (3.271)   (24.193)   (49.040)  Tenuto <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>prese<span class=\"_ _0\"></span>nza <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>differenze<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tempora<span class=\"_ _0\"></span>nee <span class=\"_ _3\"></span>imponibili <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>piani previsionali<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>r<span class=\"_ _1\"></span>itiene <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Gr<span class=\"_ _1\"></span>uppo <span class=\"_ _5\"></span>avr\u00e0, <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>corso <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>prossimi <span class=\"_ _a\"></span>ese<span class=\"_ _0\"></span>rcizi, <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>edditi <span class=\"_ _5\"></span>imponibili sufficienti <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>poter <span class=\"_ _4\"></span>recu<span class=\"_ _0\"></span>perare <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>imposte <span class=\"_ _4\"></span>differite <span class=\"_ _4\"></span>attive <span class=\"_ _4\"></span>presenti <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>bilancio <span class=\"_ _4\"></span>al 31 dicembre 2022<span class=\"_ _0\"></span>. I <span class=\"_ _16\"> </span>Debiti <span class=\"_ _19\"> </span>per <span class=\"_ _16\"> </span>imposte <span class=\"_ _19\"> </span>correnti <span class=\"_ _16\"> </span>includono <span class=\"_ _19\"> </span>le <span class=\"_ _16\"> </span>imposte <span class=\"_ _16\"> </span>sul <span class=\"_ _19\"> </span>reddito <span class=\"_ _19\"> </span>maturate <span class=\"_ _19\"> </span>nel <span class=\"_ _16\"> </span>corso dell\u2019eserci<span class=\"_ _0\"></span>zio e sono pari a <span class=\"ff2\">18,5 mil<span class=\"_ _0\"></span>ioni di euro (1<span class=\"_ _0\"></span><span class=\"ls2\">6,<span class=\"ls0\">6 milioni di euro al 31<span class=\"_ _0\"></span> dicembre 2021<span class=\"lsc\">).</span> </span></span></span>            Le impos<span class=\"_ _0\"></span>te sul <span class=\"ff6\">reddito dell<span class=\"_ _0\"></span>\u2019esercizio sono <span class=\"_ _0\"></span>cos\u00ec composte:<span class=\"ff2\"> </span></span>31.12.2022 31.12.2021 Imposte sul red<span class=\"_ _0\"></span>dito  47.061   42.958  IRAP  <span class=\"ls12\">464 </span>  <span class=\"ls12\">840 </span> Imposte relative<span class=\"_ _0\"></span> ad esercizi<span class=\"_ _0\"></span> preceden<span class=\"_ _0\"></span>ti  <span class=\"ls12\">789 </span>  10.265  Imposta sostituti<span class=\"_ _0\"></span>va da riallineamen<span class=\"_ _0\"></span>to  -   1.905  Imposte corrent<span class=\"_ _0\"></span>i  48.313   55.968  Accantonamen<span class=\"_ _0\"></span>to imposte differi<span class=\"_ _0\"></span>te passive  20.856   9.479  Utilizzo impo<span class=\"_ _0\"></span>ste differite pa<span class=\"_ _0\"></span>ssive  (9.655)   (25.204)  Variazione aliquo<span class=\"_ _0\"></span>ta  <span class=\"ls1c\">(11) </span>  <span class=\"ls1c\">(21) </span> Imposte diffe<span class=\"_ _0\"></span>rite passive  11.189   (15.745)  Accertamento i<span class=\"_ _0\"></span>mposte differite at<span class=\"_ _0\"></span>tive  (20.745)   (13.062)  Utilizzo impo<span class=\"_ _0\"></span>ste differite att<span class=\"_ _0\"></span>ive  12.668   7.413  Variazione aliquo<span class=\"_ _0\"></span>ta  <span class=\"ls12\">159 </span>  <span class=\"ls1c\">(208) </span> Imposte diffe<span class=\"_ _0\"></span>rite attive  (7.918)   (5.858)  Totale imposte<span class=\"_ _0\"></span>  51.585   34.365  Totale imposta IRE<span class=\"_ _0\"></span>S corrente e dif<span class=\"_ _0\"></span>ferita  50.290   22.373  Totale imposta IRA<span class=\"_ _0\"></span>P corrente e di<span class=\"_ _0\"></span>fferita  <span class=\"ls12\">506 </span>  <span class=\"ls1c\">(177) </span> Imposte relative<span class=\"_ _0\"></span> ad esercizi<span class=\"_ _0\"></span> preceden<span class=\"_ _0\"></span>ti  <span class=\"ls12\">789 </span>  10.265  Imposta sostituti<span class=\"_ _0\"></span>va da riallineamen<span class=\"_ _0\"></span>to  -   1.905  Totale imposte<span class=\"_ _0\"></span>  51.585   34.365  L\u2019analisi<span class=\"_ _0\"></span> della <span class=\"ff2\">differenza tra ali<span class=\"_ _0\"></span>quota fiscale IRES<span class=\"_ _0\"></span> effettiva e quell<span class=\"_ _0\"></span>a teorica \u00e8 la segue<span class=\"_ _0\"></span>nte: </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>aliquota aliquota Imponibile Imposta Imponibile Imposta effettiva effettiva Risultato ante<span class=\"_ _0\"></span> imposte  268.972   64.553  24,0%  218.333   52.400  24,0% Differenze permane<span class=\"_ _0\"></span>nti in aume<span class=\"_ _0\"></span>nto (diminuzione): Dividendi  (9.834)   (8.849)  Risultato valuta<span class=\"_ _0\"></span>zione ad equ<span class=\"_ _0\"></span>ity  (1.336)   (1.788)  Riallineamenti valori <span class=\"_ _1\"></span>civilistici <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>fiscali <span class=\"_ _1\"></span>attivit\u00e0  -  immateriali a vita inde<span class=\"_ _0\"></span>finita (17.091)  Adeguamento al<span class=\"_ _0\"></span>iquota  <span class=\"ls12\">147 </span>  <span class=\"ls1c\">(229) </span> Altre variazioni per<span class=\"_ _0\"></span>manenti  (3.240)   (2.070)  Totale Ires corrente<span class=\"_ _0\"></span> e differita<span class=\"_ _0\"></span>  50.290  18,7%  22.373  10,2% 10.<span class=\"ls0\"> <span class=\"_ _0\"></span>Rimanenze<span class=\"_ _0\"></span>  </span>Il valore delle rimanen<span class=\"_ _0\"></span>ze \u00e8 dettagli<span class=\"_ _0\"></span>ato come segu<span class=\"_ _0\"></span>e: 31.12.2022 31.12.2021 Materie prime, sussidiarie e di  119.434   99.193  consumo Immobili destinati alla vendita  <span class=\"ls1\">984 </span>  1.261  Semilavorati, prodotti finiti e merci  102.558   84.403  Acconti per magazzino  1.416   <span class=\"ls1\">654 </span> Totale Rimanenze  224.392   185.511  Non <span class=\"_ _14\"> </span>si <span class=\"_ _b\"> </span>sono <span class=\"_ _14\"> </span>verificate <span class=\"_ _b\"> </span>situazioni <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>svalutazione <span class=\"_ _b\"> </span>del <span class=\"_ _14\"> </span>magazzino <span class=\"_ _b\"> </span>generate <span class=\"_ _14\"> </span>da <span class=\"_ _b\"> </span>un<span class=\"_ _0\"></span> eventuale rallenta<span class=\"_ _0\"></span>mento del<span class=\"_ _0\"></span>la domanda a causa<span class=\"_ _0\"></span> del Covi<span class=\"_ _0\"></span>d-<span class=\"ls2\">19.</span> 11.<span class=\"ls0\"> <span class=\"_ _0\"></span>Attivit\u00e0 der<span class=\"_ _0\"></span>ivanti da co<span class=\"_ _0\"></span>ntratto </span>La voce <span class=\"_ _1\"></span>\u201cAttivit\u00e0 <span class=\"_ _1\"></span>derivant<span class=\"_ _0\"></span>i da <span class=\"_ _1\"></span>contratto\u201d, <span class=\"_ _1\"></span>pari a <span class=\"_ _4\"></span><span class=\"ff2\">24,<span class=\"_ _0\"></span>8 <span class=\"_ _1\"></span>milioni di <span class=\"_ _1\"></span>euro, <span class=\"_ _1\"></span>\u00e8 completamente </span>attribuibil<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>Vianini Lavori <span class=\"_ _4\"></span>e si <span class=\"_ _1\"></span>riferisce all\u2019ammontare <span class=\"_ _1\"></span>lordo dovuto <span class=\"_ _1\"></span>dai <span class=\"_ _1\"></span>clienti per <span class=\"_ _4\"></span>i<span class=\"_ _0\"></span> contratti <span class=\"_ _3\"></span>relativi <span class=\"_ _3\"></span>alle <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>messe <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>corso <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>quali <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>sostenuti, <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>margini <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>(meno le perdite rilevate)<span class=\"_ _0\"></span>, eccedo<span class=\"_ _0\"></span>no la fatturazione di a<span class=\"_ _0\"></span>vanzamento lavori<span class=\"_ _0\"></span>.   Gli <span class=\"_ _0\"></span>accon<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>ricevuti <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>commesse<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>pari <span class=\"_ _3\"></span>a 11<span class=\"_ _0\"></span>,4 <span class=\"_ _0\"></span>mili<span class=\"_ _0\"></span>oni <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>euro al<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _0\"></span><span class=\"ls2\">202<span class=\"ls0\">2<span class=\"ls8\">, </span></span></span>sono classificati<span class=\"_ _0\"></span> tra le passivit\u00e0 derivan<span class=\"_ _0\"></span>ti da cont<span class=\"_ _0\"></span>ratto. Al <span class=\"_ _4\"></span><span class=\"ls0\">31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2022 <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>la<span class=\"_ _0\"></span>vori <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>corso <span class=\"_ _1\"></span>riguardano <span class=\"_ _1\"></span>principalmente <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>relative <span class=\"_ _4\"></span>ai<span class=\"_ _0\"></span> </span>cantieri <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Metropolitana <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>Napoli, <span class=\"_ _3\"></span>Linea <span class=\"_ _3\"></span>1 <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>6 <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>della <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>C <span class=\"_ _0\"></span>della <span class=\"_ _3\"></span>Metropoli<span class=\"_ _0\"></span>tana <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>Roma. 12.<span class=\"ls0\"> <span class=\"_ _0\"></span>Crediti co<span class=\"_ _0\"></span>mmerciali </span>La voce \u00e8 cos\u00ec compos<span class=\"_ _0\"></span>ta: 31.12.2022 31.12.2021 Crediti verso <span class=\"_ _0\"></span>clienti 287.861  258.004  Fondo svalutazione<span class=\"_ _0\"></span> crediti <span class=\"_ _0\"></span>verso clienti  (13.178)   (14.503)  Crediti verso cl<span class=\"_ _0\"></span>ienti 274.683  243.501  Crediti verso impr<span class=\"_ _0\"></span>ese correlate 42.294  36.131  Anticipi a forni<span class=\"_ _0\"></span>tori 2.819  3.126  Crediti verso <span class=\"_ _0\"></span>clienti &gt; 12 mesi 342 <span class=\"ls0\"> </span>290 <span class=\"ls0\"> </span>Totale crediti<span class=\"_ _0\"></span> commerciali 320.138  283.048   <span class=\"_ _3c\"> </span> <span class=\"_ _33\"> </span>I <span class=\"_ _0\"></span><span class=\"ls0\">crediti <span class=\"_ _0\"></span>commerci<span class=\"_ _0\"></span>ali sono <span class=\"_ _0\"></span>originati<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span> transazioni<span class=\"_ _0\"></span> comme<span class=\"_ _0\"></span>rciali per<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span> vendit<span class=\"_ _0\"></span>e di be<span class=\"_ _0\"></span>ni e<span class=\"_ _3\"></span> </span>di servizi e non p<span class=\"_ _0\"></span>resentano concentrazi<span class=\"_ _0\"></span>oni signifi<span class=\"_ _0\"></span>cative di rischio di<span class=\"_ _0\"></span> credito.   <span class=\"_ _3c\"> </span> <span class=\"_ _33\"> </span><span class=\"ff6\">Non <span class=\"_ _19\"> </span>si <span class=\"_ _16\"> </span>sono <span class=\"_ _16\"> </span>riscontra<span class=\"_ _0\"></span>te <span class=\"_ _19\"> </span>situazioni <span class=\"_ _16\"> </span>di <span class=\"_ _19\"> </span>difficolt\u00e0 <span class=\"_ _16\"> </span>nell\u2019<span class=\"_ _0\"></span>incasso <span class=\"_ _19\"> </span>dei <span class=\"_ _16\"> </span>crediti <span class=\"_ _16\"> </span>a <span class=\"_ _19\"> </span>causa <span class=\"_ _16\"> </span>del </span>Covid-19. I crediti ve<span class=\"_ _0\"></span>rso cl<span class=\"_ _0\"></span>ienti sono imputabi<span class=\"_ _0\"></span>li a<span class=\"lsf\">i </span>seguenti Gruppi: 31.12.2022 31.12.2021 Gruppo Cemen<span class=\"_ _0\"></span>tir 192.391  167.714  Gruppo Caltagiro<span class=\"_ _0\"></span>ne Editore 34.131  36.850  Gruppo Vianini La<span class=\"_ _0\"></span>vori 45.934  37.000  Altre societ\u00e0 2.227  1.937  Totale crediti<span class=\"_ _0\"></span> verso clienti 274.683  243.501   <span class=\"_ _3c\"> </span> <span class=\"_ _33\"> </span>Non esistono <span class=\"_ _0\"></span>crediti con esi<span class=\"_ _0\"></span>gibilit\u00e0 oltre il<span class=\"_ _0\"></span> quinto esercizio.  <span class=\"_ _22\"> </span>Nella <span class=\"_ _3\"></span>seguente <span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>abella <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _0\"></span>fornito <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>dettaglio <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>crediti <span class=\"_ _3\"></span>comm<span class=\"_ _1\"></span>erciali<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per fasce <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>scaduto al 31 dicembre <span class=\"ls2\">2021</span> ed <span class=\"_ _0\"></span>al 31 dicembre <span class=\"ls2\">202</span>2.<span class=\"_ _0\"></span> 31.12.2021 31.12.2021 A scadere 224.141  199.293  1-30 gg 18.869  14.003  30<span class=\"ls0\">-60 gg </span>5.224  4.856  60<span class=\"ls0\">-90 gg </span>2.197  1.916  oltre 90 gg 37.430  37.935  Scaduto 63.720  58.710  Totale Valore Lor<span class=\"_ _0\"></span>do 287.861  258.004  Fondo svalutazione<span class=\"_ _0\"></span> crediti <span class=\"_ _0\"></span>verso clienti  (13.178)   (14.503)  Crediti verso cl<span class=\"_ _0\"></span>ienti 274.683  243.501   <span class=\"_ _3c\"> </span> <span class=\"_ _33\"> </span>Il <span class=\"_ _15\"> </span>fondo <span class=\"_ _15\"> </span>svalutazione <span class=\"_ _15\"> </span>crediti <span class=\"_ _15\"> </span>verso <span class=\"_ _15\"> </span>clienti <span class=\"_ _15\"> </span>si <span class=\"_ _18\"> </span>riferisce <span class=\"_ _15\"> </span>principalmente <span class=\"_ _6\"> </span>al <span class=\"_ _18\"> </span>Gruppo<span class=\"_ _0\"></span> Cementir Holdi<span class=\"_ _0\"></span>ng e al Gruppo Caltagi<span class=\"_ _0\"></span>rone Editore<span class=\"_ _0\"></span>. 13.<span class=\"ls0\"> <span class=\"_ _0\"></span>Attivit\u00e0 f<span class=\"_ _0\"></span>inanziarie cor<span class=\"_ _0\"></span>renti </span>Le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _5\"></span>correnti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>costituite <span class=\"_ _1\"></span>principalmente <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>titoli <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>stato <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>breve termine pari a circ<span class=\"_ _0\"></span>a 43,8 mili<span class=\"_ _0\"></span>oni di Euro e da strumenti<span class=\"_ _0\"></span> derivati attivi pe<span class=\"_ _0\"></span>r 13,5 mil<span class=\"_ _0\"></span>ioni di Euro. 31.12.2022 31.12.2021 Attivit\u00e0 finanziar<span class=\"_ _0\"></span>ie verso terzi 1.275                  <span class=\"ls12\">1 </span> Titoli di stato a<span class=\"_ _0\"></span> breve termine 43.806                 -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>Crediti finanziari <span class=\"_ _0\"></span>verso corr<span class=\"_ _0\"></span>elate 405 <span class=\"ls0\"> </span>         1.106  Risconti per co<span class=\"_ _0\"></span>sti anticipa<span class=\"_ _0\"></span>ti su commissioni<span class=\"_ _0\"></span> e interessi pa<span class=\"_ _0\"></span>ssivi 258 <span class=\"ls0\"> </span>            <span class=\"ls12\">175 </span> Strumenti deri<span class=\"_ _0\"></span>vati 13.475           3.938  Totale  59.218           5.220  14.<span class=\"ls0\"> <span class=\"_ _0\"></span>Attivit\u00e0 per<span class=\"_ _0\"></span> imposte co<span class=\"_ _0\"></span>rrenti </span>La <span class=\"_ _1\"></span>voce, <span class=\"_ _4\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>circa <span class=\"_ _4\"></span><span class=\"ls2\">10</span>,2 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>Euro<span class=\"ls9\">, <span class=\"_ _1\"></span></span>\u00e8 <span class=\"_ _1\"></span>costituita <span class=\"_ _1\"></span>da <span class=\"_ _4\"></span>imposte <span class=\"_ _1\"></span>chieste <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>rimborso<span class=\"_ _3\"></span> da alcune societ\u00e0 con<span class=\"_ _0\"></span>trollate <span class=\"ff6\">e da al<span class=\"_ _0\"></span>tri crediti vers<span class=\"_ _0\"></span>o l\u2019Erario di varia natu<span class=\"_ _0\"></span>ra<span class=\"ff2\">. </span></span>15.<span class=\"ls0\"> <span class=\"_ _0\"></span>Altre attiv<span class=\"_ _0\"></span>it\u00e0 correnti </span>La voce \u00e8 cos\u00ec compos<span class=\"_ _0\"></span>ta: 31.12.2022 31.12.2021 Crediti verso il personale 184 <span class=\"ls0\"> </span>237 <span class=\"ls0\"> </span>Crediti verso imprese correlate 722 <span class=\"ls0\"> </span>16 <span class=\"ls0\"> </span>Crediti per IVA 5.646  5.378  Crediti verso altri 11.989  13.066  Ratei attivi  491 <span class=\"ls0\"> </span>217 <span class=\"ls0\"> </span>Risconti attivi 4.903  4.682  Totale altre attivit\u00e0  23.936  23.596  I <span class=\"_ _4\"></span>risconti <span class=\"_ _4\"></span>attivi <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>relativi <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>quote <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>costi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>competenza <span class=\"_ _4\"></span>dell\u2019esercizio <span class=\"_ _1\"></span>successivo per assicurazioni<span class=\"_ _0\"></span> ed altri costi comuni<span class=\"_ _0\"></span> a due o pi\u00f9 <span class=\"_ _0\"></span>esercizi. Non esistono crediti<span class=\"_ _0\"></span> con esigi<span class=\"_ _0\"></span>bilit\u00e0 superiore all<span class=\"_ _0\"></span>\u2019esercizio.<span class=\"ff2\"> </span>16.<span class=\"ls0\"> <span class=\"_ _0\"></span>Disponibi<span class=\"_ _0\"></span>lit\u00e0 liquide<span class=\"_ _0\"></span> e mezzi equivalent<span class=\"_ _0\"></span>i </span>La voce \u00e8 cos\u00ec compos<span class=\"_ _0\"></span>ta: 31.12.2022 31.12.2021 Depositi bancari e <span class=\"_ _1\"></span>postali 412.212  397.424  Denaro e valori in cas<span class=\"_ _1\"></span>sa 1.121  458 <span class=\"ls0\"> </span>Totale  413.333  397.882  Per quanto concerne l\u2019illustrazione dei fenomeni che hanno determinato le variazioni<span class=\"_ _0\"></span> del <span class=\"_ _19\"> </span>saldo <span class=\"_ _19\"> </span>delle <span class=\"_ _19\"> </span>\u201cDisponibili<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _19\"> </span>liquide <span class=\"_ _19\"> </span>e <span class=\"_ _16\"> </span>mezzi <span class=\"_ _17\"> </span>equivalenti\u201d <span class=\"_ _19\"> </span>si <span class=\"_ _19\"> </span>fa <span class=\"_ _19\"> </span>riferimento <span class=\"_ _19\"> </span>allo <span class=\"_ _19\"> </span>schema <span class=\"_ _17\"> </span>di Rendiconto Finanzi<span class=\"_ _0\"></span>ario. Patrimonio Netto e Passivit\u00e0  17.<span class=\"ls0\"> <span class=\"_ _0\"></span>Patrimonio<span class=\"_ _0\"></span> netto </span>Riconciliazione de<span class=\"_ _0\"></span>i movimen<span class=\"_ _0\"></span>ti di capi<span class=\"_ _0\"></span>tale e riserve  <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>Le <span class=\"_ _18\"> </span>movimentazioni <span class=\"_ _15\"> </span>intervenute <span class=\"_ _18\"> </span>nei <span class=\"_ _15\"> </span>conti <span class=\"_ _1e\"> </span>di <span class=\"_ _15\"> </span>Patrimonio <span class=\"_ _15\"> </span>netto <span class=\"_ _18\"> </span>Consolidati <span class=\"_ _15\"> </span>al <span class=\"_ _18\"> </span>31 dicembre <span class=\"ls2\">20</span>22 <span class=\"lsd\">e <span class=\"ls2\">2021</span></span> sono evidenziate nei<span class=\"_ _0\"></span> prospetti di Bilanci<span class=\"_ _0\"></span>o. Capitale sociale<span class=\"_ _0\"></span>  Il <span class=\"_ _1\"></span>capitale <span class=\"_ _4\"></span>sociale <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _4\"></span><span class=\"ls2\">20</span>22 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>quello <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>Capogruppo <span class=\"_ _4\"></span>Caltagi<span class=\"_ _0\"></span>rone <span class=\"_ _4\"></span>SpA<span class=\"ls3\">, </span>interamente <span class=\"_ _5\"></span>sottoscritto <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>versato, <span class=\"_ _a\"></span>costituito <span class=\"_ _5\"></span>da <span class=\"_ _a\"></span>n. <span class=\"_ _a\"></span>120.120<span class=\"_ _0\"></span>.000 <span class=\"_ _a\"></span>azioni <span class=\"_ _5\"></span>ordinarie <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>valore nominale di 1 Euro ciascuna <span class=\"ff6\">e<span class=\"_ _0\"></span> n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l\u2019<span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>nt<span class=\"_ _0\"></span>e.<span class=\"_ _3\"></span> No<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o </span>p<span class=\"_ _0\"></span>eg<span class=\"_ _3\"></span>ni <span class=\"_ _3\"></span>o v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>ull<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>oni<span class=\"_ _0\"></span>. Riserve  31.12.2022   31.12.2021   Riserva legale         24.024         24.024   Riserva straord<span class=\"_ _0\"></span>inaria       311.097       323.109   Riserva sovrapp<span class=\"_ _0\"></span>rezzo azioni         23.241         23.241   Riserva netta <span class=\"_ _0\"></span>fair Value parte<span class=\"_ _0\"></span>cipazioni  38.475 95.268  Riserva conver<span class=\"_ _0\"></span>sione  (350.304) (323.885)  Altre riserve  <span class=\"_ _0\"></span>        42.534         36.506   Risultati eser<span class=\"_ _0\"></span>cizi preceden<span class=\"_ _0\"></span>ti    <span class=\"ls0\">1.043.954<span class=\"_ _0\"></span>  </span>     841.291   Totale    <span class=\"ls0\">1.133.021<span class=\"_ _0\"></span>  </span>  <span class=\"ls0\">1.019.554<span class=\"_ _0\"></span>  </span>Per maggiori dettagl<span class=\"_ _0\"></span>i sulla riserva di <span class=\"_ _0\"></span><span class=\"ff7\">fair value <span class=\"ff2\">si rinvi<span class=\"_ _0\"></span>a alla nota 6 let<span class=\"_ _0\"></span>tera c).  </span></span>La riserva di con<span class=\"_ _0\"></span>versione \u00e8 nega<span class=\"_ _0\"></span>tiva per 3<span class=\"ls2\">50</span>,3 mili<span class=\"_ _0\"></span>oni di euro ed \u00e8 co<span class=\"_ _0\"></span>s\u00ec ripartita<span class=\"_ _0\"></span>:  31.12.2022   31.12.2021   Turchia (Lira Turca<span class=\"_ _0\"></span> - TRY)  (317.555) (304.080)  Stati Uniti (Do<span class=\"_ _0\"></span>llaro - USD)  4.426 2.009  Egitto (Sterlina<span class=\"_ _0\"></span> egiziana - EGP)<span class=\"_ _0\"></span>  (39.955) (26.883)  Islanda (Coron<span class=\"_ _0\"></span>a islandese - ISK)  (1.392) (1.325)  Cina (Renminbi -<span class=\"_ _0\"></span>Yuan - CNY)  4.959 5.800  Norvegia (Coro<span class=\"_ _0\"></span>na norvegese<span class=\"_ _0\"></span> - NOK)  (3.489) (2.774)  Svezia (Coro<span class=\"_ _0\"></span>na svedese - SEK)<span class=\"_ _0\"></span>  (988)<span class=\"ls0\"> </span>(553)<span class=\"ls0\"> </span> Altri Paesi  3.690 3.921  Totale  (350.304) (323.885) Per <span class=\"_ _1e\"> </span>maggiori <span class=\"_ _1e\"> </span>dettagli <span class=\"_ _23\"> </span>su<span class=\"ff6\">gli <span class=\"_ _1e\"> </span>impatti <span class=\"_ _1e\"> </span>derivanti <span class=\"_ _1e\"> </span>dall\u2019applicazione <span class=\"_ _1e\"> </span>dello <span class=\"_ _23\"> </span>IAS <span class=\"_ _1e\"> </span>29 <span class=\"_ _1e\"> </span>sul </span>patrimonio <span class=\"_ _37\"> </span>netto <span class=\"_ _30\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _30\"> </span>Gruppo <span class=\"_ _37\"> </span>si <span class=\"_ _37\"> </span>rinvia <span class=\"_ _30\"> </span>al <span class=\"_ _37\"> </span>pa<span class=\"_ _1\"></span>ragrafo <span class=\"_ _30\"> </span>\u201cTurchia <span class=\"_ _2d\"> </span>\u2013<span class=\"ff2\"> <span class=\"_ _37\"> </span>economia </span>iperinflazionata: impatti per l\u2019applicazione dello IAS 29\u201d.<span class=\"ff1 fs5 fc0\"> </span>Dividendi L\u2019Assemblea <span class=\"_ _5\"></span>tenutasi <span class=\"_ _a\"></span><span class=\"ff2 lsf\">il <span class=\"_ _a\"></span><span class=\"ls0\">22 <span class=\"_ _5\"></span>aprile <span class=\"_ _a\"></span><span class=\"ls2\">20</span>22 <span class=\"_ _a\"></span>ha <span class=\"_ _5\"></span>deliberato <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>distribuzione <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>divide<span class=\"_ _0\"></span>ndi <span class=\"_ _a\"></span>in<span class=\"_ _0\"></span> </span></span>ragione <span class=\"_\"> </span>di <span class=\"_\"> </span>0,<span class=\"_ _1\"></span><span class=\"ls2\">10</span> <span class=\"_\"> </span>euro <span class=\"_ _6\"> </span>per <span class=\"_\"> </span>ciascuna <span class=\"_\"> </span>delle <span class=\"_ _6\"> </span>120.<span class=\"_ _0\"></span>120.000 <span class=\"_\"> </span>azioni <span class=\"_\"> </span>ordinarie, <span class=\"_ _6\"> </span>per <span class=\"_\"> </span>un <span class=\"_ _6\"> </span>importo complessivo pari<span class=\"_ _0\"></span> a <span class=\"ls2\">12</span>,<span class=\"ls2\">01</span> milioni di euro. PASSIVITA\u2019 E<span class=\"_ _0\"></span> FONDI COR<span class=\"_ _0\"></span>RENTI E NON C<span class=\"_ _0\"></span>ORREN<span class=\"_ _0\"></span>TI <span class=\"ff1\"> </span>18.<span class=\"ls0\"> <span class=\"_ _0\"></span>Personale<span class=\"_ _0\"></span> </span>Benefici ai d<span class=\"_ _0\"></span>ipendenti  <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>I <span class=\"_ _a\"></span>fondi <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>benefici<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ai <span class=\"_ _5\"></span>dipendenti <span class=\"_ _5\"></span>ammontano <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>38,2 <span class=\"_ _a\"></span>mili<span class=\"_ _0\"></span>oni <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>Euro <span class=\"_ _5\"></span>(<span class=\"_ _1\"></span>46,9 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di Euro <span class=\"_\"> </span>al<span class=\"_ _0\"></span> <span class=\"_\"> </span>31 <span class=\"_ _b\"> </span>dicembre <span class=\"_ _b\"> </span>2021) <span class=\"_ _b\"> </span>e <span class=\"_\"> </span>co<span class=\"_ _0\"></span>mprendono <span class=\"_ _b\"> </span>p<span class=\"_ _0\"></span>rincipalmente <span class=\"_ _b\"> </span>le <span class=\"_\"> </span>pa<span class=\"_ _0\"></span>ssivit\u00e0 <span class=\"_ _b\"> </span>per <span class=\"_\"> </span>bene<span class=\"_ _0\"></span>fici <span class=\"_ _b\"> </span>ai dipendenti e le indenni<span class=\"_ _0\"></span>t\u00e0 di<span class=\"_ _0\"></span> fine rapporto. Relativamente<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>Cementir <span class=\"_ _4\"></span>Holding<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>rilevate, <span class=\"_ _4\"></span>qualora <span class=\"_ _4\"></span>siano <span class=\"_ _4\"></span>maturate <span class=\"_ _4\"></span>le<span class=\"_ _0\"></span> condizioni <span class=\"_ _6\"> </span>per <span class=\"_ _18\"> </span>le <span class=\"_ _15\"> </span>rilevazion<span class=\"_ _0\"></span>i, <span class=\"_ _15\"> </span>le <span class=\"_ _15\"> </span>passivit\u00e0 <span class=\"_ _15\"> </span>riferite <span class=\"_ _6\"> </span>agli <span class=\"_ _15\"> </span>impegni <span class=\"_ _15\"> </span>futuri <span class=\"_ _15\"> </span>relativi <span class=\"_ _6\"> </span>ai <span class=\"_ _18\"> </span>piani <span class=\"_ _15\"> </span>di incentivazione <span class=\"_ _17\"></span>di <span class=\"_ _17\"> </span>medio/lungo <span class=\"_ _17\"> </span>t<span class=\"_ _1\"></span>ermine <span class=\"_ _17\"> </span>da <span class=\"_ _19\"> </span>erogare <span class=\"_ _17\"></span>ai <span class=\"_ _19\"> </span>dipendenti <span class=\"_ _17\"></span>al <span class=\"_ _19\"> </span>termine <span class=\"_ _17\"> </span>del <span class=\"_ _19\"> </span>pe<span class=\"_ _1\"></span>riodo <span class=\"_ _17\"></span>di riferimento previsto. I<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>piano di <span class=\"_ _1\"></span>incentivazione di <span class=\"_ _4\"></span>lun<span class=\"_ _0\"></span>go <span class=\"_ _1\"></span>termine (LTI) <span class=\"_ _1\"></span>prevede <span class=\"_ _1\"></span>l\u2019erogazione<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di un <span class=\"_ _1\"></span>beneficio <span class=\"_ _4\"></span>monetario variabile, <span class=\"_ _1\"></span>calcolato <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>percentuale <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>etribuzione <span class=\"_ _1\"></span>annua <span class=\"_ _1\"></span>lorda <span class=\"_ _4\"></span>del<span class=\"_ _0\"></span> beneficiario, <span class=\"_ _16\"> </span>legato <span class=\"_ _19\"> </span>al <span class=\"_ _16\"> </span>raggiungimento <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>obiettivi <span class=\"_ _16\"> </span>economici <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>finanziari <span class=\"_ _19\"> </span>def<span class=\"_ _1\"></span>initi <span class=\"_ _16\"> </span>nei <span class=\"_ _16\"> </span>Piani<span class=\"_ _0\"></span> Industriali redatti <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>approvati. Al <span class=\"_ _4\"></span>31 <span class=\"_ _1\"></span>dicembre<span class=\"_ _0\"></span> <span class=\"_ _4\"></span><span class=\"ls2\">20</span>22 <span class=\"ff6\">l\u2019ammontare <span class=\"_ _1\"></span>risulta <span class=\"_ _1\"></span>pari a <span class=\"_ _4\"></span></span>2.<span class=\"ls2\">481</span> <span class=\"_ _1\"></span>migliaia di Euro. Le passivit\u00e0 <span class=\"_ _1\"></span>per benefici ai dipendenti, principalmente in <span class=\"_ _1\"></span>Turchia,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Belgio e Norvegia, rientrano <span class=\"_ _19\"> </span>tra <span class=\"_ _16\"> </span>i <span class=\"_ _19\"> </span>piani <span class=\"_ _19\"> </span>a <span class=\"_ _16\"> </span>benefici <span class=\"_ _17\"> </span>definiti <span class=\"_ _16\"> </span>e <span class=\"_ _19\"> </span>sono <span class=\"_ _16\"> </span>in <span class=\"_ _19\"> </span>parte <span class=\"_ _19\"> </span>finanziate <span class=\"_ _19\"> </span>da <span class=\"_ _16\"> </span>piani <span class=\"_ _17\"> </span>assicurativi. <span class=\"_ _19\"> </span>In particolare <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _4\"></span>a <span class=\"_ _a\"></span>servizi<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>piano <span class=\"_ _5\"></span>riguardano <span class=\"_ _4\"></span>i <span class=\"_ _a\"></span>piani<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>pensionistici <span class=\"_ _4\"></span>del <span class=\"_ _a\"></span>Belgi<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>della Norvegia. <span class=\"_ _4\"></span>Le <span class=\"_ _4\"></span>pa<span class=\"_ _0\"></span>ssivit\u00e0 <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>state <span class=\"_ _4\"></span>valutate <span class=\"_ _4\"></span>applic<span class=\"_ _0\"></span>ando <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>metodologia <span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>uariale <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span><span class=\"ls16\">\u00e0 </span>sono <span class=\"_ _19\"> </span>state <span class=\"_ _19\"> </span>determinate <span class=\"_ _19\"> </span>sulla <span class=\"_ _19\"> </span>base <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span>fair <span class=\"_ _19\"> </span>value <span class=\"_ _19\"> </span>alla <span class=\"_ _16\"> </span>data <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span><span class=\"ff6\">bilancio. <span class=\"_ _19\"> </span>L\u2019indennit\u00e0</span> <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>fine rapporto <span class=\"_\"> </span>(TFR<span class=\"_ _0\"></span>), <span class=\"_\"> </span>per <span class=\"_\"> </span>i <span class=\"_\"> </span>d<span class=\"_ _0\"></span>ipendenti <span class=\"_ _b\"> </span>delle <span class=\"_\"> </span>soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_\"> </span>italian<span class=\"_ _0\"></span>e, <span class=\"_\"> </span>rappresenta <span class=\"_ _b\"> </span>una <span class=\"_\"> </span>passi<span class=\"_ _0\"></span>vit\u00e0, <span class=\"_\"> </span>non<span class=\"_ _0\"></span> finanziata <span class=\"_ _14\"> </span>ed <span class=\"_ _b\"> </span>intera<span class=\"_ _0\"></span>mente <span class=\"_ _14\"> </span>accantonata, <span class=\"_ _14\"> </span>r<span class=\"_ _1\"></span>elativa <span class=\"_ _16\"> </span>ai <span class=\"_\"> </span>be<span class=\"_ _0\"></span>nefici <span class=\"_ _14\"> </span>riconosciuti <span class=\"_ _14\"> </span>ai <span class=\"_ _b\"> </span>dipend<span class=\"_ _0\"></span>enti <span class=\"_ _14\"> </span>ed erogati <span class=\"_ _b\"> </span>in <span class=\"_ _b\"> </span>coincide<span class=\"_ _0\"></span>nza <span class=\"_ _b\"> </span>o <span class=\"_ _14\"> </span>successivamente <span class=\"_\"> </span>al<span class=\"_ _0\"></span>la <span class=\"_ _14\"> </span>cessazione <span class=\"_\"> </span>de<span class=\"_ _0\"></span>l <span class=\"_ _b\"> </span>rapporto <span class=\"_ _b\"> </span>di <span class=\"_ _14\"> </span>lavoro. <span class=\"_\"> </span>Tale<span class=\"_ _0\"></span> passivit\u00e0 rientra<span class=\"_ _0\"></span> nei cosi<span class=\"_ _0\"></span>ddetti piani<span class=\"_ _0\"></span> a benefici de<span class=\"_ _0\"></span>finiti e pe<span class=\"_ _0\"></span>rtanto \u00e8 de<span class=\"_ _0\"></span>terminata appli<span class=\"_ _0\"></span>cando la metodologia at<span class=\"_ _0\"></span>tuariale. <span class=\"_ _0\"></span>Le i<span class=\"_ _0\"></span>potesi relative <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>determinazion<span class=\"_ _0\"></span>e del pi<span class=\"_ _0\"></span>ano so<span class=\"_ _0\"></span>no riassunte<span class=\"_ _0\"></span> nella seguente tabella:<span class=\"_ _0\"></span> Valori in % 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Tasso annuo di<span class=\"_ _0\"></span> attualizzazione<span class=\"_ _0\"></span> 2%<span class=\"ls0\">-</span>4%<span class=\"ls0\"> </span>0,45%-<span class=\"ls12\">2%</span> Rendimento atteso<span class=\"_ _0\"></span> delle attivi<span class=\"_ _0\"></span>t\u00e0 a servi<span class=\"_ _0\"></span>zio del 2,70% 2%<span class=\"ls0\"> </span>piano Tasso annuo di<span class=\"_ _0\"></span> incremento del<span class=\"_ _0\"></span> TFR 3,31% 2,81% Gli importi desc<span class=\"_ _0\"></span>ritti nello stato pat<span class=\"_ _0\"></span>rimoniale sono<span class=\"_ _0\"></span> cos\u00ec determi<span class=\"_ _0\"></span>nati: 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Passivit\u00e0 per be<span class=\"_ _0\"></span>nefici ai dipend<span class=\"_ _0\"></span>enti 68.613 75.898 Fair value delle a<span class=\"_ _0\"></span>ttivit\u00e0 a ser<span class=\"_ _0\"></span>vizio del piano (32.936) (31.273) Piani di incenti<span class=\"_ _0\"></span>vazione a lungo <span class=\"_ _0\"></span>termine 2.481 2.256 Benefici ai dipende<span class=\"_ _0\"></span>nti 38.158 46.881 Le tabelle<span class=\"_ _0\"></span> seguenti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>mostrano l<span class=\"_ _0\"></span>a movi<span class=\"_ _0\"></span>mentazione<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>le passi<span class=\"_ _0\"></span>vit\u00e0/(attivit\u00e0)<span class=\"_ _0\"></span> nette<span class=\"_ _0\"></span> per be<span class=\"_ _0\"></span>nefici <span class=\"_ _0\"></span>ai dipendenti e delle relativ<span class=\"_ _0\"></span>e componen<span class=\"_ _0\"></span>ti:  2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Passivit\u00e0 nett<span class=\"_ _0\"></span>a a inizio period<span class=\"_ _0\"></span>o 75.898 79.277 Costo corrente dell<span class=\"_ _0\"></span>\u2019esercizio (Ser<span class=\"_ _0\"></span>vice Co<span class=\"_ _0\"></span>sts)<span class=\"ff2\"> </span>2.936 3.136 Rivalutazione (In<span class=\"_ _0\"></span>terest Co<span class=\"_ _0\"></span>st) 756<span class=\"ls0\"> </span>449<span class=\"ls0\"> </span>(Utili)/Perdite a<span class=\"_ _0\"></span>ttuariali (5.148) (1.942) Delta cambio (1.330) (1.195) (Prestazioni paga<span class=\"_ _0\"></span>te) (4.493) (4.805) Altre variazioni<span class=\"_ _0\"></span> (5)<span class=\"ls0\"> </span>978<span class=\"ls0\"> </span>Passivit\u00e0 nett<span class=\"_ _0\"></span>a a fine periodo           68.613<span class=\"_ _0\"></span>           75.898  2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Fair value delle<span class=\"_ _0\"></span> attivit\u00e0 a se<span class=\"_ _0\"></span>rvizio del piano<span class=\"_ _0\"></span> 31.273 30.839 di inizio periodo<span class=\"_ _0\"></span> Proventi finanziari<span class=\"_ _0\"></span> delle attivi<span class=\"_ _0\"></span>t\u00e0 a servizio de<span class=\"_ _0\"></span>l 289<span class=\"ls0\"> </span>184<span class=\"ls0\"> </span>piano (Utili)/perdite attuar<span class=\"_ _0\"></span>iali netti<span class=\"_ _0\"></span> rilevati 917<span class=\"ls0\"> </span>688<span class=\"ls0\"> </span>nell\u2019esercizio<span class=\"ff2\"> </span>Differenze di con<span class=\"_ _0\"></span>versione (221)<span class=\"ls0\"> </span>195<span class=\"ls0\"> </span>(Prestazioni paga<span class=\"_ _0\"></span>te) 678<span class=\"ls0\"> </span>(633)<span class=\"ls0\"> </span>Fair value delle<span class=\"_ _0\"></span> attivit\u00e0 a se<span class=\"_ _0\"></span>rvizio del piano<span class=\"_ _0\"></span> 32.936 31.273 di fine periodo<span class=\"_ _0\"></span> Costi del personal<span class=\"_ _0\"></span>e 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Salari e stipendi<span class=\"_ _0\"></span>      195.602       181.305  Oneri sociali        41.746         39.291  Accantonamen<span class=\"_ _0\"></span>to a fondi per<span class=\"_ _0\"></span> benefici ai          6.995           6.503  dipendenti e prev<span class=\"_ _0\"></span>idenza complem<span class=\"_ _0\"></span>entare       <span class=\"_ _0\"></span>    <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>Altri costi 10.662 8.344 Totale costi de<span class=\"_ _0\"></span>l personale      255.005       235.443  Forza lavoro<span class=\"_ _0\"></span> 31.12.2022 31.12.2021 Media 2022 Media 2021 Dirigenti              90               94 <span class=\"_ _0\"></span>              93 <span class=\"_ _0\"></span>              95 <span class=\"_ _0\"></span> Impiegati e quadri<span class=\"_ _0\"></span>         1.390          1.408          1.396          1.422  Giornalisti e collabor<span class=\"_ _0\"></span>atori            <span class=\"ls12\">331 </span>            <span class=\"ls12\">334 </span>            <span class=\"ls12\">331 </span>            <span class=\"ls12\">337 </span> Grafici              71               71 <span class=\"_ _0\"></span>              72 <span class=\"_ _0\"></span>              74 <span class=\"_ _0\"></span> Operai         1.849          1.813          1.856          1.788  Totale         3.731          3.720          3.748          3.715  19.<span class=\"ls0\"> <span class=\"_ _0\"></span>Fondi  </span>Fondo ripristino e<span class=\"_ _0\"></span> Fondi verten<span class=\"_ _0\"></span>ze smantellamento<span class=\"_ _0\"></span> Altri Rischi  Totale e liti cave<span class=\"ls0\"> </span>Saldo al 1 genna<span class=\"_ _0\"></span>io 2021 8.202 22.298 19.958 50.458 Accantonamen<span class=\"_ _0\"></span>ti 32<span class=\"ls0\"> </span>                        <span class=\"_ _0\"></span>  740  9.682 10.454 Utilizzo (1.355) (382)<span class=\"ls0\"> </span>(7.050) (8.787) Decrementi                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>(12)<span class=\"ls0\"> </span>(1.178) (1.190) Differenza ca<span class=\"_ _0\"></span>mbio                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>(774)<span class=\"ls0\"> </span>(713)<span class=\"ls0\"> </span>(1.487) (Utili)/perdite attuar<span class=\"_ _0\"></span>iali netti<span class=\"_ _0\"></span> <span class=\"ff6\">rilevati nell\u2019esercizio</span>                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>                        <span class=\"_ _0\"></span>     -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>(149)<span class=\"ls0\"> </span>(149)<span class=\"ls0\"> </span>Saldo al 31 dicem<span class=\"_ _0\"></span>bre 2021 6.879 21.870 20.550 49.299 Di cui: Quota corren<span class=\"_ _0\"></span>te 6.879 293<span class=\"ls0\"> </span>9.194 16.366 Quota non corr<span class=\"_ _0\"></span>ente                      -   <span class=\"_ _0\"></span>                      21.577<span class=\"_ _0\"></span>            11.356  32.933 Totale 6.879 21.870 20.550 49.299 Saldo al 1 genna<span class=\"_ _0\"></span>io 2022 6.879 21.870 20.550 49.299 Accantonamen<span class=\"_ _0\"></span>ti 705<span class=\"ls0\"> </span>                       1.606<span class=\"_ _0\"></span>  5.483 7.794 Utilizzo (235)<span class=\"ls0\"> </span>(55)<span class=\"ls0\"> </span>(9.091) (9.381) Decrementi                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>(127)<span class=\"ls0\"> </span>(156)<span class=\"ls0\"> </span>(283)<span class=\"ls0\"> </span>Differenza ca<span class=\"_ _0\"></span>mbio                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>(666)<span class=\"ls0\"> </span>(416)<span class=\"ls0\"> </span>(1.082) (Utili)/perdite attuar<span class=\"_ _0\"></span>iali netti<span class=\"_ _0\"></span> rilevati <span class=\"ff6\">nell\u2019esercizio</span>                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>                        <span class=\"_ _0\"></span>     -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>71<span class=\"ls0\"> </span>71<span class=\"ls0\"> </span>Altre variazioni<span class=\"_ _0\"></span>                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>1.122                  -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>1.122 Saldo al 31 dicem<span class=\"_ _0\"></span>bre 2022 7.349 23.750 16.441 47.540 Di cui: Quota corren<span class=\"_ _0\"></span>te 7.349 153<span class=\"ls0\"> </span>6.556 14.058 Quota non corr<span class=\"_ _0\"></span>ente                      -   <span class=\"_ _0\"></span>                      23.597<span class=\"_ _0\"></span>              9.885  33.482 Totale 7.349 23.750 16.441 47.540  <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>Il <span class=\"_ _3\"></span>fondo <span class=\"_ _3\"></span>vertenze <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>liti,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>,3 <span class=\"_ _3\"></span>milioni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Euro, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>formato <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>accantona<span class=\"_ _0\"></span>menti <span class=\"_ _3\"></span>effet<span class=\"_ _0\"></span>tuati principalmente <span class=\"_ _5\"></span>dalle <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>editoriali <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>Caltagirone <span class=\"_ _5\"></span>Editore, <span class=\"_ _a\"></span>a <span class=\"_ _4\"></span>fronte <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>passivit\u00e0 derivanti <span class=\"_ _4\"></span>da <span class=\"_ _1\"></span>richieste <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>indennizzi<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>principalmente<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>diffamazion<span class=\"_ _0\"></span>e. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>fondo <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>stato <span class=\"_ _4\"></span>stimato<span class=\"_ _0\"></span> tenendo <span class=\"_\"> </span>c<span class=\"_ _0\"></span>onto <span class=\"_ _b\"> </span>della <span class=\"_ _b\"> </span>pa<span class=\"_ _0\"></span>rtic<span class=\"ff6\">olare <span class=\"_\"> </span>natu<span class=\"_ _0\"></span>ra <span class=\"_\"> </span>del<span class=\"_ _0\"></span>l\u2019attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_\"> </span>ese<span class=\"_ _0\"></span>rcitata, <span class=\"_ _b\"> </span>sulla <span class=\"_ _b\"> </span>base <span class=\"_ _b\"> </span>dell\u2019<span class=\"_ _0\"></span>esperienza </span>maturata <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>situazioni <span class=\"_ _5\"></span>analog<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>tutte <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>informazioni <span class=\"_ _5\"></span>disponibili <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _a\"></span>di redazione <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>presente <span class=\"_ _4\"></span>Bilan<span class=\"_ _0\"></span>cio <span class=\"_ _4\"></span>consolidato, <span class=\"_ _1\"></span>considerando <span class=\"_ _4\"></span>l\u2019obi<span class=\"_ _0\"></span>ettiva <span class=\"_ _4\"></span>difficolt\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>stimare <span class=\"_ _4\"></span>gli<span class=\"ff2\"> </span>oneri e la tempisti<span class=\"_ _0\"></span>ca connessi alle sin<span class=\"_ _0\"></span>gole cause in corso<span class=\"_ _0\"></span>.   <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>Il fondo ripris<span class=\"_ _0\"></span>tino e<span class=\"_ _0\"></span> sman<span class=\"_ _0\"></span>tellamento cave<span class=\"_ _0\"></span>, pari <span class=\"_ _0\"></span>a <span class=\"ls2\">23<span class=\"_ _0\"></span><span class=\"ls0\">,8 mil<span class=\"_ _0\"></span>ioni di<span class=\"_ _0\"></span> Euro, \u00e8<span class=\"_ _0\"></span> accantonato<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> </span></span>relazione <span class=\"_ _1\"></span>ad <span class=\"_ _1\"></span>interventi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>pulizia <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>manutenzion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>sulle <span class=\"_ _1\"></span>cave <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>l\u2019estrazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>materie prime delle socie<span class=\"_ _0\"></span>t\u00e0 cementiere da<span class=\"_ _0\"></span> effettuarsi ent<span class=\"_ _0\"></span>ro la scadenza<span class=\"_ _0\"></span> delle conce<span class=\"_ _0\"></span>ssioni di utili<span class=\"_ _0\"></span>zzo.  <span class=\"_ _24\"> </span>I <span class=\"_ _0\"></span>fondi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>relativi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>agli <span class=\"_ _3\"></span>altri <span class=\"_ _0\"></span>rischi <span class=\"_ _3\"></span>includono <span class=\"_ _0\"></span>princi<span class=\"_ _0\"></span>palmente <span class=\"_ _3\"></span>fondi <span class=\"_ _0\"></span>per <span class=\"_ _3\"></span>spese <span class=\"_ _0\"></span>ambi<span class=\"_ _0\"></span>entali, <span class=\"_ _3\"></span>rischi per oneri di ris<span class=\"_ _0\"></span>trutturazio<span class=\"_ _0\"></span>ne aziendale e <span class=\"_ _0\"></span>rischi per contenziosi di na<span class=\"_ _0\"></span>tura fiscal<span class=\"_ _0\"></span>e.  20.<span class=\"ls0\"> <span class=\"_ _0\"></span>Passivit\u00e0 f<span class=\"_ _0\"></span>inanziarie co<span class=\"_ _0\"></span>rrenti e non co<span class=\"_ _0\"></span>rrenti </span>31.12.2022 31.12.2021 Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie  non corre<span class=\"_ _0\"></span>nti Debiti per beni<span class=\"_ _0\"></span> in leasing           49.829            51.338  Debiti per beni<span class=\"_ _0\"></span> in leasing verso<span class=\"_ _0\"></span> societ\u00e0 sotto<span class=\"_ _0\"></span>           13.640            12.649  comune controllo<span class=\"_ _0\"></span> Debiti verso ban<span class=\"_ _0\"></span>che          293.374          316.301  Fair value degli <span class=\"_ _0\"></span>strumenti der<span class=\"_ _0\"></span>ivati di copertura           13.455              9.762  Totale Passivit\u00e0 f<span class=\"_ _0\"></span>inanziarie <span class=\"_ _0\"></span>non corre<span class=\"_ _0\"></span>nti         370.298          390.050  Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie correnti Debiti verso ban<span class=\"_ _0\"></span>che            25.824            40.112  Quota a breve di<span class=\"_ _0\"></span> finanziamen<span class=\"_ _0\"></span>ti non correnti           81.976            72.140  Fair value degli <span class=\"_ _0\"></span>strumenti der<span class=\"_ _0\"></span>ivati di copertura             1.323              5.366  Debiti per beni<span class=\"_ _0\"></span> in leasing           26.825            25.512  Debiti per beni<span class=\"_ _0\"></span> in leasing verso<span class=\"_ _0\"></span> societ\u00e0 sotto<span class=\"_ _0\"></span>             3.292              4.570  comune controllo<span class=\"_ _0\"></span> Altri debiti finan<span class=\"_ _0\"></span>ziari verso impre<span class=\"_ _0\"></span>se con<span class=\"_ _0\"></span>sortili                 <span class=\"ls12\">356 </span>                <span class=\"ls12\">356 </span> Altri debiti finan<span class=\"_ _0\"></span>ziari              5.183              4.572  Ratei passivi<span class=\"_ _0\"></span> su interessi                 <span class=\"ls12\">526 </span>                  <span class=\"ls12\">41 </span>  Totale Passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie<span class=\"_ _0\"></span> correnti          145.304          152.669   Totale Passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie<span class=\"_ _0\"></span>          515.602          542.719   <span class=\"_ _24\"> </span>Per <span class=\"_ _1\"></span>quanto <span class=\"_ _1\"></span>concerne <span class=\"_ _4\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>correnti <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>correnti,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>valore <span class=\"_ _1\"></span>contabile \u00e8 un\u2019approssimazi<span class=\"_ _0\"></span><span class=\"ff2\">one ragionevo<span class=\"_ _0\"></span>le del fair value. </span> <span class=\"_ _24\"> </span>Al <span class=\"_ _0\"></span>31 di<span class=\"_ _0\"></span>cembre <span class=\"ls2\">202</span>2 <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>totale <span class=\"_ _3\"></span>delle passivi<span class=\"_ _0\"></span>t\u00e0 finanzi<span class=\"_ _0\"></span>arie \u00e8 <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ribuibile <span class=\"_ _0\"></span>per 3<span class=\"ls2\">11<span class=\"_ _0\"></span><span class=\"ls0\">,1 mil<span class=\"_ _0\"></span>ioni <span class=\"_ _0\"></span>di </span></span>euro al <span class=\"_ _0\"></span>Gruppo C<span class=\"_ _0\"></span>ementir, <span class=\"_ _0\"></span>per <span class=\"ls2\">16</span>4,2 <span class=\"_ _0\"></span>mili<span class=\"_ _0\"></span>oni di <span class=\"_ _0\"></span>euro al G<span class=\"_ _0\"></span>ruppo Viani<span class=\"_ _0\"></span>ni, pe<span class=\"_ _0\"></span>r 14,7 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>di euro<span class=\"_ _0\"></span> al <span class=\"_ _a\"></span>Gruppo <span class=\"_ _5\"></span>Vianini <span class=\"_ _5\"></span>Lavori, <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>23,1<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>Gruppo <span class=\"_ _5\"></span>Caltagirone <span class=\"_ _5\"></span>Editore <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _17\"></span>2,<span class=\"ls16\">5 </span>milioni di euro a Cal<span class=\"_ _0\"></span>tagiron<span class=\"_ _0\"></span>e Spa ed alle al<span class=\"_ _0\"></span>tre societ\u00e0 control<span class=\"_ _0\"></span>late.    <span class=\"_ _24\"> </span>Con <span class=\"_ _15\"> </span>riferimento <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>Gruppo <span class=\"_ _15\"> </span>Vianini<span class=\"_ _0\"></span>, <span class=\"_ _15\"> </span>tali <span class=\"_ _15\"> </span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>non <span class=\"_ _15\"> </span>correnti <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"> </span>attribuibili<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>in prevalenza <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>Domus <span class=\"_ _19\"> </span>(controllato <span class=\"_ _19\"> </span>da <span class=\"_ _16\"> </span>Viani<span class=\"_ _0\"></span>ni <span class=\"_ _19\"> </span>SpA) <span class=\"_ _19\"> </span>per <span class=\"_ _16\"> </span>lo <span class=\"_ _19\"> </span>svolgimento <span class=\"_ _19\"> </span>dell\u2019attivit\u00e0 immobiliare.  <span class=\"_ _24\"> </span>I debiti <span class=\"_ _0\"></span>per beni<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> leasing<span class=\"_ _0\"></span> verso so<span class=\"_ _0\"></span>ciet\u00e0<span class=\"_ _0\"></span> sotto <span class=\"_ _0\"></span>comune <span class=\"_ _0\"></span>control<span class=\"_ _0\"></span>lo riguardano <span class=\"_ _0\"></span>i con<span class=\"_ _0\"></span>tratti <span class=\"_ _0\"></span>di affitto <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>sedi <span class=\"_ _a\"></span>sociali <span class=\"_ _5\"></span>della <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>alcun<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>controllate, <span class=\"_ _5\"></span>contabili<span class=\"_ _0\"></span>zzati <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>accordo all\u2019IFRS<span class=\"_ _0\"></span> 16.<span class=\"ff2\"> </span> <span class=\"_ _24\"> </span>Gli <span class=\"_ _15\"> </span>altri <span class=\"_ _18\"> </span>debiti <span class=\"_ _15\"> </span>finanziari <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"> </span>costituiti <span class=\"_ _15\"> </span>principalmente <span class=\"_ _15\"> </span>dagli <span class=\"_ _15\"> </span>incassi <span class=\"_ _15\"> </span>operati <span class=\"_ _15\"> </span>dalla controllata Vian<span class=\"_ _0\"></span>ini Lavori nella sua qual<span class=\"_ _0\"></span>it\u00e0 di man<span class=\"_ _0\"></span>dataria dei Raggruppa<span class=\"_ _0\"></span>menti Temporanei<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> imprese <span class=\"_ _b\"> </span>cui <span class=\"_ _b\"> </span>partecipa<span class=\"_ _0\"></span>, <span class=\"_\"> </span>da<span class=\"_ _0\"></span> <span class=\"_\"> </span>trasfe<span class=\"_ _0\"></span>rire <span class=\"_ _b\"> </span>alle <span class=\"_ _b\"> </span>mandanti <span class=\"_ _b\"> </span>dei <span class=\"_ _14\"> </span>raggruppamenti <span class=\"_\"> </span>al<span class=\"_ _0\"></span>la <span class=\"_ _b\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_\"> </span>de<span class=\"_ _0\"></span>l <span class=\"_\"> </span>3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> dicembre <span class=\"ls2\">202</span>2.  <span class=\"_ _24\"> </span>Relativamente<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>totale <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _a\"></span>co<span class=\"_ _0\"></span>rrenti <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>si <span class=\"_ _a\"></span>evidenzi<span class=\"_ _0\"></span>a che circa <span class=\"lsf\">il </span>60,4% p<span class=\"_ _0\"></span>revede il rispe<span class=\"_ _0\"></span>tto di sogl<span class=\"_ _0\"></span>ie di parame<span class=\"_ _0\"></span>tri finanziari<span class=\"_ _0\"></span> (<span class=\"ff7\">covenant</span>)<span class=\"ff7\"> </span>che risultan<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> rispettate alla da<span class=\"_ _0\"></span>ta del 31 di<span class=\"_ _0\"></span>cembre <span class=\"ls2\">202</span>2.   <span class=\"_ _24\"> </span>A <span class=\"_ _19\"> </span>t<span class=\"_ _1\"></span>al <span class=\"_ _19\"> </span>f<span class=\"_ _1\"></span>ine <span class=\"_ _19\"> </span>si <span class=\"_ _16\"> </span>precisa <span class=\"_ _19\"> </span>che <span class=\"_ _16\"> </span>i <span class=\"_ _16\"> </span><span class=\"ff7\">covenant</span> <span class=\"_ _19\"> </span>da <span class=\"_ _16\"> </span>rispettare <span class=\"_ _19\"> </span>sono <span class=\"_ _16\"> </span>costituiti <span class=\"_ _19\"> </span>principalmente <span class=\"_ _19\"> </span>dal rapporto <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>l\u2019indeb<span class=\"_ _0\"></span>itamento <span class=\"_ _3\"></span>finanziario <span class=\"_ _3\"></span>netto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>margine <span class=\"_ _3\"></span>operativo <span class=\"_ _3\"></span>lordo <span class=\"_ _2b\"></span>a <span class=\"_ _0\"></span>livel<span class=\"_ _0\"></span>lo <span class=\"_ _3\"></span>consolidato ed il rapporto tra<span class=\"_ _0\"></span> il margi<span class=\"_ _0\"></span>ne operativo lordo<span class=\"_ _0\"></span> e gli oneri finanzi<span class=\"_ _0\"></span>ari netti.  <span class=\"_ _24\"> </span>La scadenza dei debi<span class=\"_ _0\"></span>ti finanziari cor<span class=\"_ _0\"></span>renti \u00e8 la seguente: 31.12.2022 31.12.2021 Entro 3 mesi<span class=\"_ _0\"></span>           50.462<span class=\"_ _0\"></span>            60.031<span class=\"_ _0\"></span>  Tra 3 mesi ed 1 ann<span class=\"_ _0\"></span>o           94.842<span class=\"_ _0\"></span>            92.638<span class=\"_ _0\"></span>  Tra 1 e 2 anni<span class=\"_ _0\"></span>           81.379<span class=\"_ _0\"></span>            93.967<span class=\"_ _0\"></span>  Tra 2 e 5 anni<span class=\"_ _0\"></span>           88.946<span class=\"_ _0\"></span>          112.285<span class=\"_ _0\"></span>  oltre 5 anni         199.973<span class=\"_ _0\"></span>          183.798<span class=\"_ _0\"></span>   Totale Passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie<span class=\"_ _0\"></span>           515.602<span class=\"_ _0\"></span>          542.718<span class=\"_ _0\"></span>  31.12.2022 31.12.2021 Passivit\u00e0 a tas<span class=\"_ _0\"></span>so di interesse<span class=\"_ _0\"></span> variabile         480.915<span class=\"_ _0\"></span>          508.257<span class=\"_ _0\"></span>  Passivit\u00e0 a tas<span class=\"_ _0\"></span>so di interesse<span class=\"_ _0\"></span> fisso           34.687<span class=\"_ _0\"></span>            34.462<span class=\"_ _0\"></span>   Totale Passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie<span class=\"_ _0\"></span>           515.602<span class=\"_ _0\"></span>          542.719<span class=\"_ _0\"></span>  21.<span class=\"ls0\"> <span class=\"_ _0\"></span>Passivit\u00e0 der<span class=\"_ _0\"></span>ivanti da c<span class=\"_ _0\"></span>ontratto </span> <span class=\"_ _24\"> </span>La voce, pari a <span class=\"ls2\">11</span>,4 mi<span class=\"_ _0\"></span>lioni di euro, \u00e8 <span class=\"_ _0\"></span>relativa agli<span class=\"_ _0\"></span> acconti ricevuti da cl<span class=\"_ _0\"></span>ienti. <span class=\"fs7\"> </span>22.<span class=\"ls0\"> <span class=\"_ _0\"></span>Debiti com<span class=\"_ _0\"></span>merciali </span>31.12.2022 31.12.2021 Debiti verso forn<span class=\"_ _0\"></span>itori       383.760       304.819  Acconti           7.291           6.987  Totale debiti vers<span class=\"_ _0\"></span>o terzi       391.051       311.806  Debiti verso corr<span class=\"_ _0\"></span>elate         22.554         10.358  Totale debiti co<span class=\"_ _0\"></span>mmerciali       413.605       322.164  Quota corren<span class=\"_ _0\"></span>te       408.007       315.561  Quota non corr<span class=\"_ _0\"></span>ente           5.598           6.603  Totale       413.605       322.164   <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>La <span class=\"_ _3\"></span>voce <span class=\"_ _0\"></span>debiti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>commerciali <span class=\"_ _3\"></span>accoglie <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>debiti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>forniture <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>materie <span class=\"_ _3\"></span>prime, <span class=\"_ _3\"></span>combustibi<span class=\"_ _0\"></span>li,<span class=\"_ _0\"></span> energia, m<span class=\"_ _1\"></span>ateriali<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>apparecchiature e <span class=\"_ _1\"></span>quelli <span class=\"_ _1\"></span>relativi ad <span class=\"_ _4\"></span>appal<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>prestazioni diverse <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>fronte di attivit\u00e0 svolte<span class=\"_ _0\"></span> nell\u2019esercizi<span class=\"_ _0\"></span>o chiuso al 31 dicemb<span class=\"_ _0\"></span>re <span class=\"ff2 ls2\">20<span class=\"ls0\">22. </span></span> <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>Tra <span class=\"_ _8\"> </span>i <span class=\"_ _8\"> </span>debiti <span class=\"_ _23\"> </span>verso <span class=\"_ _8\"> </span>correlate <span class=\"_ _23\"> </span>sono <span class=\"_ _8\"> </span>compresi <span class=\"_ _8\"> </span>i <span class=\"_ _8\"> </span>debiti <span class=\"_ _8\"> </span>verso<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>imprese <span class=\"_ _23\"> </span>consortili, rappresentativi <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>rapporti <span class=\"_ _b\"> </span>com<span class=\"_ _0\"></span>merciali <span class=\"_ _14\"> </span>intrattenuti <span class=\"_ _14\"> </span>a <span class=\"_\"> </span>no<span class=\"_ _0\"></span>rmali <span class=\"_ _14\"> </span>condizioni <span class=\"_ _14\"> </span>di <span class=\"_ _b\"> </span>merca<span class=\"_ _0\"></span>to <span class=\"_ _b\"> </span>dall<span class=\"_ _0\"></span>a controllata Vianini<span class=\"_ _0\"></span> Lavori con <span class=\"_ _1\"></span>consorzi e societ\u00e0 consortili costituite per l\u2019e<span class=\"_ _0\"></span>secuzion<span class=\"ff2\">e <span class=\"_ _1\"></span>unitaria<span class=\"_ _0\"></span> </span>delle commesse acqui<span class=\"_ _0\"></span>site in Raggruppa<span class=\"_ _0\"></span>menti Temporanei di<span class=\"_ _0\"></span> Imprese.  <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>Il valore dei debiti co<span class=\"_ _0\"></span>mmercial<span class=\"_ _0\"></span>i \u00e8 rappresentativo <span class=\"_ _0\"></span>del loro fair value<span class=\"_ _0\"></span>. 23.<span class=\"ls0\"> <span class=\"_ _0\"></span>Altre passiv<span class=\"_ _0\"></span>it\u00e0 correnti<span class=\"_ _0\"></span> e non corrent<span class=\"_ _0\"></span>i </span>31.12.2022 31.12.2021 Altre passivit\u00e0<span class=\"_ _0\"></span> non correnti<span class=\"_ _0\"></span> Altri Debiti             <span class=\"ls12\">383 </span>             <span class=\"ls12\">572 </span> Risconti pas<span class=\"_ _0\"></span>sivi          4.944           3.137   Totale Altre pass<span class=\"_ _0\"></span>ivit\u00e0 non<span class=\"_ _0\"></span> correnti           5.326           3.709  Altre passivit\u00e0<span class=\"_ _0\"></span> correnti Debiti verso istitu<span class=\"_ _0\"></span>ti previdenziali          7.714           7.910  Debiti verso il per<span class=\"_ _0\"></span>sonale        33.880         30.563  Debiti verso altri<span class=\"_ _0\"></span>        58.936         50.923  Ratei passivi          3.509           2.102  Risconti pas<span class=\"_ _0\"></span>sivi          3.667           2.891  Totale altre passiv<span class=\"_ _0\"></span>it\u00e0 corrent<span class=\"_ _0\"></span>i verso terz<span class=\"_ _0\"></span>i      107.705         94.389  Debiti verso control<span class=\"_ _0\"></span>lanti             <span class=\"ls12\">457 </span>             <span class=\"ls12\">582 </span> Debiti verso corr<span class=\"_ _0\"></span>elate             <span class=\"ls12\">636 </span>             <span class=\"ls12\">228 </span>  Totale Altre pass<span class=\"_ _0\"></span>ivit\u00e0 corrent<span class=\"_ _0\"></span>i       108.798         95.199  Conto Economico 24.<span class=\"ls0\"> <span class=\"_ _0\"></span>Ricavi ope<span class=\"_ _0\"></span>rativi <span class=\"_ _3e\"> </span> <span class=\"_ _3c\"> </span> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Ricavi   1.917.438   1.551.818  Variazione delle rimanenze  18.507 13.980 Incrementi immobilizzazioni per lavori interni          <span class=\"ls0\">7.300 <span class=\"_ _0\"></span> </span>         <span class=\"ls0\">9.260 <span class=\"_ _0\"></span> </span>Altri ricavi operativi        <span class=\"ls0\">47.764 <span class=\"_ _0\"></span> </span>       <span class=\"ls0\">46.010  </span>Totale ricavi operativi  1.991.009   1.621.068  di cui verso correlate 55.846 41.781 Di seguito si ripo<span class=\"_ _0\"></span>rtano i ricavi<span class=\"_ _0\"></span> per area geografica <span class=\"_ _0\"></span>e prodotto: <span class=\"_ _3f\"> </span> 2022<span class=\"ls0\"> </span>Poste non Nordic Nord Asia Gruppo Belgio Turchia Egitto Italia allocate e (Euro \u2018000)<span class=\"ff2\"> </span>&amp; Baltic America Pacifico Caltagirone rettifiche** Cemento 456.986 179.335 177.418 197.768 57.113 124.563 - (62.527) 1.130.656 Calcestruzzo<span class=\"_ _0\"></span> 369.753 90.605 - 70.295 - - - - 530.653 Aggregati 29.496 64.455 - 4.640 - 2.936 - - 101.527 Waste<span class=\"ls0\"> </span>- - - 9.638 - - - - 9.638 Ricavi editoria<span class=\"_ _0\"></span>li 46.158 46.158 Ricavi pubblicitar<span class=\"_ _0\"></span>i 59.847 59.847 Costruzioni 76.444 76.444 Gestione Immo<span class=\"_ _0\"></span>biliare 8.115 8.115 Altre attivit\u00e0<span class=\"_ _0\"></span> - - 18.952 19.541 - - 214.228 (47.448) 205.273 Poste non alloca<span class=\"_ _0\"></span>te e (47.721) - (30.985) - (2.911) - (169.256) (250.873) rettifiche Ricavi 808.514 334.395 196.370 270.897 57.113 124.588 404.792 (279.231) 1.917.438 2021<span class=\"ls0\"> </span>Poste non Nordic Nord Asia Gruppo Belgio Turchia Egitto Italia allocate e (Euro \u2018000)<span class=\"ff2\"> </span>&amp; Baltic America Pacifico Caltagirone rettifiche** Cemento 353.598 137.595 139.819 123.766 50.730 107.900 - (59.612) 853.796 Calcestruzzo<span class=\"_ _0\"></span> 323.781 81.612 - 43.239 - - - - 448.632 Aggregati 33.891 55.753 - 1.926 - 2.572 - - 94.142 Waste<span class=\"ls0\"> </span>- - - 12.243 - - - - 12.243 Ricavi editoria<span class=\"_ _0\"></span>li 50.818 50.818 Ricavi pubblicitar<span class=\"_ _0\"></span>i 60.491 60.491 Costruzioni 68.370 68.370 Gestione Immo<span class=\"_ _0\"></span>biliare 8.263 8.263 Altre attivit\u00e0<span class=\"_ _0\"></span> - - 15.659 11.702 - - 140.678 (35.997) 132.042 Poste non alloca<span class=\"_ _0\"></span>te e (37.999) (3)<span class=\"ls0\"> </span>- (19.614) - (2.455) - (116.908) (176.979) rettifiche Ricavi 673.271 274.957 155.478 173.262 50.730 108.017 328.620 (212.517) 1.551.818 Il dettaglio degli<span class=\"_ _0\"></span> Altri ricavi operativi<span class=\"_ _0\"></span> \u00e8 evidenziato<span class=\"_ _0\"></span> nella seguente<span class=\"_ _0\"></span> tabella: 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Rivalutazione investimenti 21.790 18.267 immobiliari Plusvalenze da alienazione 2.460 2.129 Altri ricavi da societ\u00e0 consortili 2.427 2.000 Sopravvenienze attive 561<span class=\"ls0\"> </span>836<span class=\"ls0\"> </span>Recupero spese da terzi 1.883 1.754 Fitti, canoni e noleggi 1.412 1.178 Utilizzo fondo rischi 283<span class=\"ls0\"> </span>1.975 Crediti di imposta per \"Super ACE\" - 3.757 Contributi in conto esercizio 3.519 711<span class=\"ls0\"> </span>Altri ricavi diversi 13.428 13.403 Totale altri ricavi operativi 47.764 46.010 25.<span class=\"ls0\"> <span class=\"_ _0\"></span>Costi ope<span class=\"_ _0\"></span>rativi </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Acquisto materie prime e semilavorati      <span class=\"ls0\">404.112  </span>     <span class=\"ls0\">299.399  </span>Acquisto combustibili      <span class=\"ls0\">235.406  </span>     <span class=\"ls0\">140.054  </span>Energia elettrica      <span class=\"ls0\">151.645  </span>     <span class=\"ls0\">100.533  </span>Materie prime per editoria           <span class=\"ls0\">9.660 <span class=\"_ _0\"></span> </span>          <span class=\"ls0\">5.461 <span class=\"_ _0\"></span> </span>Altre materie prime         <span class=\"ls0\">58.309  </span>        <span class=\"ls0\">51.489 <span class=\"_ _0\"></span> </span>Variazione delle rimanenze materie prime e merci (15.781) (19.369) Totale costi per materie prime 843.350 577.567 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Trasporti 232.206 186.578 Prestazioni di imprese e manutenzioni 94.034 89.340 Ribaltamento costi societ\u00e0 consortili 50.483 43.856 Subappalti  3.237 8.429 Consulenze 22.127 14.718 Servizi redazionali 8.743 8.847 Assicurazione 4.720 4.400 Altri costi 75.319 68.727 Totale costi per servizi 490.870 424.896 Fitti e noleggi 12.582 11.319 Totale costi per godimento beni di terzi 12.582 11.319 Totale oneri diversi di gestione 39.897 43.261 Totale altri costi operativi 543.348 479.476 di cui verso correlate 52.291 44.590 Il <span class=\"_ _1\"></span>costo <span class=\"_ _4\"></span>delle m<span class=\"_ _1\"></span>aterie <span class=\"_ _1\"></span>prime <span class=\"_ _1\"></span>risulta <span class=\"_ _4\"></span>pari<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>8<span class=\"ls2\">43</span>,<span class=\"_ _1\"></span>4 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Euro <span class=\"_ _4\"></span>(577,6 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Euro nel <span class=\"_ _1\"></span><span class=\"ls2\">2021</span>), <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>aumento per <span class=\"_ _1\"></span>effetto <span class=\"_ _1\"></span><span class=\"ff6\">dell\u2019aumento <span class=\"_ _1\"></span>generalizzato<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>prezzo dei <span class=\"_ _1\"></span>combustibili<span class=\"ff2\"> <span class=\"_ _1\"></span>sui </span></span>mercati internazi<span class=\"_ _0\"></span>onali. <span class=\"_ _40\"> </span> \u00c8 <span class=\"_ _4\"></span><span class=\"ff6 ls0\">opportuno <span class=\"_ _5\"></span>precisare <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>voce <span class=\"_ _4\"></span>\u201cCosti <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>servizi\u201d <span class=\"_ _4\"></span>comprende <span class=\"_ _4\"></span>anche <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>quote <span class=\"_ _5\"></span>di </span>competenza <span class=\"_\"> </span>della <span class=\"_ _6\"> </span>controllata <span class=\"_\"> </span>Vianini <span class=\"_\"> </span>Lavori <span class=\"_ _6\"> </span>per <span class=\"_ _15\"> </span>prestazioni<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>rese <span class=\"_ _6\"> </span>da <span class=\"_\"> </span>Societ\u00e0 <span class=\"_ _6\"> </span>operative costituite <span class=\"_ _8\"> </span>per <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>esecu<span class=\"_ _0\"></span>zione <span class=\"_ _8\"> </span>unitaria <span class=\"_ _9\"> </span>di <span class=\"_ _8\"> </span>opere, <span class=\"_ _9\"> </span>acquisite <span class=\"_ _8\"> </span>nell'ambito <span class=\"_ _8\"> </span>di <span class=\"_ _9\"> </span>associazioni<span class=\"_ _0\"></span> temporanee <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>imprese, <span class=\"_ _1e\"> </span>per <span class=\"_ _23\"> </span>un <span class=\"_ _1e\"> </span>ammontare <span class=\"_ _1e\"> </span>complessi<span class=\"_ _0\"></span>vo <span class=\"_ _1e\"> </span>di <span class=\"_ _23\"> </span>50,5 <span class=\"_ _1e\"> </span>milioni <span class=\"_ _1e\"> </span>di <span class=\"_ _23\"> </span>Euro <span class=\"_ _1e\"> </span>in rappresentanza dei<span class=\"_ _0\"></span> seguenti valori:<span class=\"_ _0\"></span> 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Lavoro dipende<span class=\"_ _0\"></span>nte            6.016  5.286 Materiali            9.500  5.984 Prestazioni di <span class=\"_ _0\"></span>terzi          33.107  31.288 Spese diver<span class=\"_ _0\"></span>se               <span class=\"ls12\">720 </span> 500<span class=\"ls0\"> </span>Oneri /(Proventi) <span class=\"_ _0\"></span>finanziari               <span class=\"ls12\">803 </span> 555<span class=\"ls0\"> </span>Ammortamenti<span class=\"_ _0\"></span> 337<span class=\"ls0\"> </span>243<span class=\"ls0\"> </span>Totale 50.483 43.856 26.<span class=\"ls0\"> <span class=\"_ _0\"></span>Ammortamen<span class=\"_ _0\"></span>ti, svaluta<span class=\"_ _0\"></span>zioni e accantonamen<span class=\"_ _0\"></span>ti </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Ammortamenti <span class=\"_ _0\"></span>Attivit\u00e0 Immateriali        16.706         17.170  Ammortamenti <span class=\"_ _0\"></span>Attivit\u00e0 Materiali        80.116         68.156  Ammortamenti ben<span class=\"_ _0\"></span>i in leasing<span class=\"_ _0\"></span>        35.118         31.991  Accantonamen<span class=\"_ _0\"></span>ti per rischi e on<span class=\"_ _0\"></span>eri 4.413 6.332 Svalutazione at<span class=\"_ _0\"></span>tivit\u00e0 immateriali<span class=\"_ _0\"></span> a vita        14.348                   -  indefinita  Svalutazione at<span class=\"_ _0\"></span>tivit\u00e0 materiali<span class=\"_ _0\"></span>             <span class=\"ls12\">332 </span>                  -  Svalutazione credi<span class=\"_ _0\"></span>ti 515<span class=\"ls0\"> </span>1.116 Totale ammortament<span class=\"_ _0\"></span>i, svaluta<span class=\"_ _0\"></span>zioni ed 151.548 124.766 accantonamenti<span class=\"_ _0\"></span> Per <span class=\"_ _14\"> </span>ulteriori <span class=\"_ _14\"> </span>informazion<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>relativamente<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>alla <span class=\"_ _14\"> </span>svalutazione <span class=\"_ _14\"> </span>delle<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _14\"> </span>a <span class=\"_ _14\"> </span>vita <span class=\"_ _14\"> </span>utile indefinita si rimanda<span class=\"_ _0\"></span> alla nota 2<span class=\"_ _0\"></span>. 27.<span class=\"ls0\"> <span class=\"_ _0\"></span>Risultato ne<span class=\"_ _0\"></span>tto valutazi<span class=\"_ _0\"></span>one delle partec<span class=\"_ _0\"></span>ipazioni ad equi<span class=\"_ _0\"></span>ty <span class=\"lsd\">e <span class=\"_ _1\"></span></span>della gestion<span class=\"_ _0\"></span>e </span>finanziaria  <span class=\"_ _0\"></span> 31.12.2022 31.12.2021 Utili da partecipa<span class=\"_ _0\"></span>zioni ad equi<span class=\"_ _0\"></span>ty  5.725   7.574  Perdite da par<span class=\"_ _0\"></span>tecipazioni ad eq<span class=\"_ _0\"></span>uity  <span class=\"ls1c\">(159) </span>  <span class=\"ls1c\">(122) </span> Ris. netto della soc<span class=\"_ _0\"></span>iet\u00e0 valut<span class=\"_ _0\"></span>ate a Patrimonio<span class=\"_ _0\"></span>  5.567   7.452  Netto Proventi finanziari<span class=\"_ _0\"></span>  96.724   54.157  Oneri finanziari<span class=\"_ _0\"></span>  (51.139)   (47.092)  Proventi/Oneri ne<span class=\"_ _0\"></span>tti da iperin<span class=\"_ _0\"></span>flazione  20.062   -  Totale proventi<span class=\"_ _0\"></span> e oneri finan<span class=\"_ _0\"></span>ziari  65.647   7.065  Totale   71.214   14.517  Il dettaglio dei Proven<span class=\"_ _0\"></span>ti finanziari \u00e8 i<span class=\"_ _0\"></span>l seguente: 31.12.2022 31.12.2021 Dividendi  38.800   34.441  Interessi attivi <span class=\"_ _0\"></span>su depositi ban<span class=\"_ _0\"></span>cari  2.629   1.055  Utili su cambio <span class=\"_ _0\"></span>  49.477   9.002  Prov. da operaz<span class=\"_ _0\"></span>ioni su deri<span class=\"_ _0\"></span>vati  4.638   8.602  Altri proventi finan<span class=\"_ _0\"></span>ziari  1.181   1.057  Totale proventi<span class=\"_ _0\"></span> finanziari  96.724   54.157  Il dettaglio <span class=\"ls2\">dei</span> dividend<span class=\"_ _0\"></span>i percepiti \u00e8 il segue<span class=\"_ _0\"></span>nte: 31.12.2022 31.12.2021 Acea  2.813   2.581  Assicurazioni Gen<span class=\"_ _0\"></span>erali  23.754   29.200  Atlantia  3.386   -  Enel  -   <span class=\"ls12\">446 </span> Poste Italiane  1.583   <span class=\"ls12\">671 </span> Mediobanca  6.900   <span class=\"ls12\">990 </span> Italgas  <span class=\"ls12\">354 </span>  <span class=\"ls12\">277 </span> Altri  <span class=\"ls12\">11 </span>  <span class=\"ls12\">276 </span> Totale dividend<span class=\"_ _0\"></span>i  38.800   34.441  Il dettaglio degli<span class=\"_ _0\"></span> oneri finanziari \u00e8 il<span class=\"_ _0\"></span> seguente: 31.12.2022 31.12.2021 Interessi passi<span class=\"_ _0\"></span>vi su mutui  (3.496)   (6.957)  Interessi passi<span class=\"_ _0\"></span>vi su debiti verso<span class=\"_ _0\"></span>  (8.151)   (1.993)  banche e altri <span class=\"_ _0\"></span>finanziatori Commissioni e <span class=\"_ _0\"></span>spese bancarie  (3.442)   (4.456)  Perdita su cambi  (21.030)   (22.679)  Interessi passi<span class=\"_ _0\"></span>vi su Leasing  (2.184)   (1.932)  Oneri da operazioni<span class=\"_ _0\"></span> su deriva<span class=\"_ _0\"></span>ti  (10.476)   (7.763)  Altri  (2.359)   (1.311)  Totale oneri finan<span class=\"_ _0\"></span>ziari  (51.139)   (47.092)  Il dettaglio dei prov<span class=\"_ _0\"></span>enti netti da i<span class=\"_ _0\"></span>perinflazione \u00e8<span class=\"_ _0\"></span> esposto di segui<span class=\"_ _0\"></span>to. 31.12.2022 31.12.2021 Proventi da iperin<span class=\"_ _0\"></span>flazione  33.139   -  Oneri da iperinfla<span class=\"_ _0\"></span>zione  (13.077)   -  Totale Proventi<span class=\"_ _0\"></span>/Oneri netti da<span class=\"_ _0\"></span>  20.062   -  iperinflazione Per <span class=\"_ _1\"></span>maggiori <span class=\"_ _4\"></span>dettagli<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>sugli <span class=\"_ _1\"></span>impatti <span class=\"_ _4\"></span>derivanti <span class=\"_ _1\"></span>dall\u2019appli<span class=\"_ _0\"></span>cazione <span class=\"_ _1\"></span>dello <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>AS <span class=\"_ _1\"></span>29 <span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>rinvia <span class=\"_ _1\"></span>al paragrafo <span class=\"_ _3\"></span>\u201c<span class=\"ff2\">Turchia <span class=\"_ _3\"></span><span class=\"ff6\">\u2013<span class=\"ff2\"> </span>eco<span class=\"_ _0\"></span>nomia <span class=\"_ _3\"></span>iperinflazionata: <span class=\"_ _3\"></span>impatti <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>l\u2019appli<span class=\"_ _0\"></span>cazione <span class=\"_ _3\"></span>dello <span class=\"_ _3\"></span>IAS <span class=\"_ _0\"></span>29\u201d <span class=\"_ _0\"></span>sopra </span></span>riportato. 28.<span class=\"ls0\"> <span class=\"_ _0\"></span>Utile per<span class=\"_ _0\"></span> azione </span> <span class=\"_ _24\"> </span><span class=\"ff6\">L\u2019utile <span class=\"_ _16\"> </span>base <span class=\"_ _16\"> </span>per <span class=\"_ _19\"> </span>azione <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>calcolato <span class=\"_ _16\"> </span>dividendo <span class=\"_ _16\"> </span>l\u2019utile <span class=\"_ _19\"> </span>netto <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>periodo <span class=\"_ _19\"> </span>attribuibile <span class=\"_ _16\"> </span>al </span>Gruppo <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>numero <span class=\"_ _6\"> </span>medio <span class=\"_ _15\"> </span>ponderato <span class=\"_ _15\"> </span>delle <span class=\"_ _15\"> </span>azioni <span class=\"_ _6\"> </span>ordinarie <span class=\"_ _15\"> </span>in <span class=\"_ _18\"> </span>circolazione <span class=\"_ _15\"> </span>durante<span class=\"_ _0\"></span> l\u2019esercizio.<span class=\"ff2\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Utile (perdita) ne<span class=\"_ _0\"></span>tto (in migliaia di<span class=\"_ _0\"></span> euro<span class=\"_ _0\"></span>) 111.283 95.400 N\u00b0 medio ponde<span class=\"_ _0\"></span>rato di azioni<span class=\"_ _0\"></span> ordinarie in circola<span class=\"_ _0\"></span>zione (000)  120.120   120.120  Utile base per a<span class=\"_ _0\"></span>zione (euro per<span class=\"_ _0\"></span> azione<span class=\"_ _0\"></span>) 0,926 0,794  <span class=\"_ _24\"> </span><span class=\"ff6 ls2\">L\u2019</span>utile <span class=\"_ _0\"></span>diluito <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>azione <span class=\"_ _0\"></span><span class=\"ff6\">risulta <span class=\"_ _0\"></span>pari al<span class=\"_ _0\"></span>l\u2019utile <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>per azion<span class=\"_ _0\"></span>e<span class=\"ff2\"> in <span class=\"_ _0\"></span>quanto <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>presenti nel<span class=\"_ _0\"></span> </span></span>capitale <span class=\"_ _5\"></span>sociale <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>Caltagirone <span class=\"_ _a\"></span>SpA<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>solo <span class=\"_ _5\"></span>azioni <span class=\"_ _a\"></span>ordinarie <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>non <span class=\"_ _5\"></span>sono <span class=\"_ _a\"></span>presenti<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>strumenti finanziari <span class=\"_ _14\"> </span>e/o <span class=\"_ _b\"> </span>contratti<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>che <span class=\"_ _b\"> </span>possano<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>attribu<span class=\"_ _0\"></span>ire <span class=\"_ _14\"> </span>al <span class=\"_\"> </span>posse<span class=\"_ _0\"></span>ssore <span class=\"_ _b\"> </span>il <span class=\"_ _14\"> </span>diritto <span class=\"_\"> </span>a<span class=\"_ _0\"></span>d <span class=\"_ _b\"> </span>ottenere<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>azioni<span class=\"_ _0\"></span> ordinarie.  29.<span class=\"ls0\"> <span class=\"_ _0\"></span>Altre componen<span class=\"_ _0\"></span>ti del C<span class=\"_ _0\"></span>onto Econom<span class=\"_ _0\"></span>ico Comp<span class=\"_ _0\"></span>lessivo </span>Si riporta di segui<span class=\"_ _0\"></span>to il dettagli<span class=\"_ _0\"></span>o delle altre compon<span class=\"_ _0\"></span>enti del con<span class=\"_ _0\"></span>to economico<span class=\"_ _0\"></span> complessivo al lordo e al netto del <span class=\"_ _0\"></span>relativo ef<span class=\"_ _0\"></span>fetto fiscale: 31.12.2022 31.12.2021 Valore Effetto Valore Valore Effetto Valore lordo fiscale netto lordo fiscale netto Effetto utili/(perdite<span class=\"_ _1\"></span>) attuariali dei pi<span class=\"_ _1\"></span>ani a benefici defini<span class=\"_ _1\"></span>ti 5.961 (1.216) 4.745 2.911 (723) 2.188 Utili/(perdite) dalla <span class=\"_ _1\"></span>rideterminazion<span class=\"_ _1\"></span>e di Investimenti i<span class=\"_ _1\"></span>n strumenti (76.818) 4.668 (72.149) 94.492 (5.625) 88.867 rappresentativi di <span class=\"_ _1\"></span>capitale Utili/(perdite) dalla c<span class=\"_ _1\"></span>essione di Inv<span class=\"_ _1\"></span>estimenti in st<span class=\"_ _1\"></span>rumenti rapprese<span class=\"_ _1\"></span>ntativi 23.859 (4.190) 19.669 210<span class=\"ls0\"> </span>0 210<span class=\"ls0\"> </span>di capitale Variazione riserva <span class=\"_ _1\"></span>di conversione dell<span class=\"_ _1\"></span>e imprese es<span class=\"_ _1\"></span>tere (64.187) - (64.187) (32.358) - (32.358) Effetto valutazio<span class=\"_ _1\"></span>ne delle partecip<span class=\"_ _1\"></span>azioni con il me<span class=\"_ _1\"></span>todo del Patrimo<span class=\"_ _1\"></span>nio (462) - (462) (7)<span class=\"ls0\"> </span>- (7)<span class=\"ls0\"> </span>Netto Fair Value strumenti fi<span class=\"_ _1\"></span>nanziari deriv<span class=\"_ _1\"></span>ati 10.377 (902) 9.475 4.029 (564) 3.465 30.<span class=\"ls0\"> <span class=\"_ _0\"></span>Partecipazion<span class=\"_ _0\"></span>i di terzi </span>Le <span class=\"_ _a\"></span>seguenti <span class=\"_ _a\"></span>tabelle <span class=\"_ _a\"></span>forniscono <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>principali <span class=\"_ _a\"></span>informazioni <span class=\"_ _a\"></span>sui <span class=\"_ _a\"></span>Gruppi <span class=\"_ _a\"></span>controllati <span class=\"_ _a\"></span>dalla Caltagirone SpA e <span class=\"_ _0\"></span>dalle sue dirette con<span class=\"_ _0\"></span>trollate con par<span class=\"_ _0\"></span>tecipazioni di te<span class=\"_ _0\"></span>rzi signi<span class=\"_ _0\"></span>ficative. Gruppo Gruppo Vianini<span class=\"_ _0\"></span> Gruppo Cement<span class=\"_ _0\"></span>ir Caltagirone Gruppo Vianini<span class=\"_ _0\"></span>  Lavori Holding Editore 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Ricavi 1.777.544 1.413.720 1.180.345 122.677 81.765 75.881 8.497 8.497 Risultato di eserc<span class=\"_ _0\"></span>izio 181.557 122.995 6.996 28.793 984<span class=\"ls0\"> </span>3.522 3.440 4.360 - attribuibile al Gr<span class=\"_ _0\"></span>uppo Caltagiron<span class=\"_ _0\"></span>e 76.489 53.399 2.912 11.986 556<span class=\"ls0\"> </span>1.989 2.763 3.502 - attribuibile ai Ter<span class=\"_ _0\"></span>zi 105.068 69.596 4.083 16.807 428<span class=\"ls0\"> </span>1.533 677<span class=\"ls0\"> </span>859<span class=\"ls0\"> </span>Attivit\u00e0 non corre<span class=\"_ _0\"></span>nti 1.648.081 1.449.190 422.018 399.821 54.039 57.192 284.935 279.752 Attivit\u00e0 correnti<span class=\"_ _0\"></span> 845.896 661.868 63.783 108.999 131.586 107.718 8.357 8.981 Passivit\u00e0 non <span class=\"_ _0\"></span>correnti 427.651 422.882 42.065 47.591 3.713 6.726 152.445 157.090 Passivit\u00e0 corren<span class=\"_ _0\"></span>ti 543.553 460.619 58.478 58.232 68.305 45.063 24.771 18.751 Attivit\u00e0 nette 1.522.773 1.227.557 385.259 402.997 113.607 113.121 116.076 112.893 - attribuibili al Gru<span class=\"_ _0\"></span>ppo Caltagirone<span class=\"_ _0\"></span> 644.907 512.766 160.375 167.759 64.155 63.806 93.219 90.662 - attribuibili ai Terz<span class=\"_ _0\"></span>i 877.866 714.791 224.884 235.238 49.452 49.315 22.857 22.231 Altre compone<span class=\"_ _0\"></span>nti OCI (52.068) (27.528) (21.469) 35.088 (472)<span class=\"ls0\"> </span>12<span class=\"ls0\"> </span>1.536 769<span class=\"ls0\"> </span>Utile/(perdita)<span class=\"_ _0\"></span> complessivo 129.489 95.467 (14.473) 63.881 512<span class=\"ls0\"> </span>3.534 4.976 5.130 Variazione netta<span class=\"_ _0\"></span> Cashflow 73.219 (131.026) (42.616) (33.886) 900<span class=\"ls0\"> </span>(20.209) (548)<span class=\"ls0\"> </span>(756)<span class=\"ls0\"> </span>Dividendi pagati<span class=\"_ _0\"></span> ai terzi 17.603 14.082 1.870 - - - 356<span class=\"ls0\"> </span>356<span class=\"ls0\"> </span>31.<span class=\"ls0\"> <span class=\"_ _0\"></span>Posizione<span class=\"_ _0\"></span> finanziaria n<span class=\"_ _0\"></span>etta </span>Secondo <span class=\"_ _19\"> </span>quanto <span class=\"_ _16\"> </span>richiesto <span class=\"_ _19\"> </span>dalla <span class=\"_ _16\"> </span>comunicazione <span class=\"_ _19\"> </span>CONSOB <span class=\"_ _16\"> </span>n.6064293 <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>28 <span class=\"_ _16\"> </span>luglio <span class=\"_ _19\"> </span>2006,<span class=\"_ _1\"></span> aggiornata <span class=\"_ _a\"></span>sulla <span class=\"_ _a\"></span>base <span class=\"_ _17\"></span>del <span class=\"_ _a\"></span>Richiamo <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>att<span class=\"_ _1\"></span>enzione <span class=\"_ _a\"></span>n. <span class=\"_ _a\"></span>5/21 <span class=\"_ _a\"></span>del <span class=\"_ _17\"></span>29 <span class=\"_ _a\"></span>aprile <span class=\"_ _a\"></span>2021<span class=\"_ _1\"></span>, <span class=\"_ _17\"></span>si <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>iporta <span class=\"_ _a\"></span>di seguito la posizione <span class=\"_ _0\"></span>finanziaria netta di <span class=\"_ _0\"></span>Gruppo: In migliaia di euro 31.12.2022 31.12.2021 A. Disponibilit\u00e0 liq<span class=\"_ _0\"></span>uide 413.333 397.882 B. Mezzi equiva<span class=\"_ _0\"></span>lenti a dispon<span class=\"_ _0\"></span>ibilit\u00e0 liquide                  -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>                   -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>C. Altre attivi<span class=\"_ _0\"></span>t\u00e0 finanziarie corr<span class=\"_ _0\"></span>enti        59.218              5.220  D. Liquidit\u00e0 (A<span class=\"_ _0\"></span>)+(B) +(C<span class=\"_ _0\"></span>) 472.551 403.101 di cui verso part<span class=\"_ _0\"></span>i correlate                  -   <span class=\"fc7 sc0\"> </span>                   -   <span class=\"fc7 sc0\"> </span>E. Debito finanz<span class=\"_ _0\"></span>iario corrente 63.329 80.529 di cui verso part<span class=\"_ _0\"></span>i correlate                  -                       -    F. Parte corren<span class=\"_ _0\"></span>te del debito<span class=\"_ _0\"></span> finanziario no<span class=\"_ _0\"></span>n corrente 81.976 72.140 G. Indebitamento<span class=\"_ _0\"></span> finanziario cor<span class=\"_ _0\"></span>rente (E)+(F)<span class=\"_ _0\"></span> 145.304 152.669 di cui verso part<span class=\"_ _0\"></span>i correlate          3.648              4.926  H. Indebitamento<span class=\"_ _0\"></span> finanziario<span class=\"_ _0\"></span> corrente nett<span class=\"_ _0\"></span>o (G)-<span class=\"ls1c\">(D)</span> (327.246) (250.432) I. Debito finanziario<span class=\"_ _0\"></span> non corr<span class=\"_ _0\"></span>ente 370.298 390.050 J. Strumenti di debi<span class=\"_ _0\"></span>to                  -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>                   -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>K. Debiti commer<span class=\"_ _0\"></span>ciali e altri de<span class=\"_ _0\"></span>biti non corr<span class=\"_ _0\"></span>enti                    - <span class=\"_ _0\"></span>                      -<span class=\"_ _0\"></span>  L. Indebitament<span class=\"_ _0\"></span>o finanziario n<span class=\"_ _0\"></span>on corrente (<span class=\"_ _0\"></span>I)+(J)+(K<span class=\"_ _0\"></span>)      370.298          390.050  di cui verso part<span class=\"_ _0\"></span>i correlate        13.640           12.649 <span class=\"_ _0\"></span> M. Totale indebita<span class=\"_ _0\"></span>mento finan<span class=\"_ _0\"></span>ziario (H + L) 43.052 139.618 32.<span class=\"ls0\"> <span class=\"_ _0\"></span>Informaz<span class=\"_ _0\"></span>ioni per settor<span class=\"_ _0\"></span>e di attivit\u00e0 </span>Poste Cemento, non Gestione Altre calcestruzzo Editoria Costruzioni<span class=\"_ _1\"></span> allocate Consolidato immobiliare attivit\u00e0 e inerti e rettifiche 2021 Ricavi di settore<span class=\"_ _1\"></span> 1.384.033 122.652 75.868 8.524 195.978 (165.988) 1.621.068 Ricavi intrasettore<span class=\"_ _1\"></span> (28.811) (104) (587) (32) (136.454) 165.988 - Ricavi operativi in <span class=\"_ _1\"></span>contribuzione<span class=\"_ _1\"></span> 1.355.222 122.548 75.281 8.492 59.524 - 1.621.068 Risultato di settore<span class=\"_ _1\"></span> (MOL) 314.850 16.867 70<span class=\"ls0\"> </span>663<span class=\"ls0\"> </span>(3.869) 328.582 Ammortamenti, Sval<span class=\"_ _1\"></span>utazioni e (105.342) (6.896) (3.530) (440) (8.557) (124.765) accantonamenti <span class=\"_ _1\"></span> Risultato Operativ<span class=\"_ _1\"></span>o 209.508 9.971 (3.460) 223<span class=\"ls0\"> </span>(12.426) - 203.816 Risultato netto valut<span class=\"_ _1\"></span>azione delle 7.452 7.452 partecipazioni al Pat<span class=\"_ _1\"></span>rimonio Netto<span class=\"_ _1\"></span> Risultato della g<span class=\"_ _1\"></span>estione finanziaria<span class=\"_ _1\"></span> 7.065 7.065 Risultato ante im<span class=\"_ _1\"></span>poste 218.333 Imposte (34.365) Risultato del peri<span class=\"_ _1\"></span>odo 183.968 Attivit\u00e0 di settore <span class=\"_ _1\"></span> 1.919.811 257.267 103.060 299.900 929.122 3.509.160 Passivit\u00e0 di settor<span class=\"_ _1\"></span>e 608.056 96.882 51.494 163.439 324.519 1.244.390 Partecipazioni val<span class=\"_ _1\"></span>utate al Patrimoni<span class=\"_ _1\"></span>o 4.988 - 22.413 12.796 12.596 52.794 netto Investimenti in <span class=\"_ _1\"></span>attivit\u00e0 materiali e 95.076 12.590 769<span class=\"ls0\"> </span>661<span class=\"ls0\"> </span>4.081 113.178 immateriali Poste Cemento, non Gestione Altre calcestruzzo Editoria Costruzioni<span class=\"_ _1\"></span> allocate Consolidato immobiliare attivit\u00e0 e inerti e rettifiche 2022 Ricavi di sett<span class=\"_ _1\"></span>ore 1.744.607 118.078 81.744 14.320<span class=\"fs2\"> </span>283.230<span class=\"fs2\"> </span>(250.968) 1.991.010 Ricavi intrasettore<span class=\"_ _1\"></span> (47.453) (113) (466) (27)<span class=\"fs2 ls0\"> </span>(202.909)<span class=\"fs2\"> </span>250.968 - Ricavi operativi in <span class=\"_ _1\"></span>contribuzione<span class=\"_ _1\"></span> 1.697.154 117.965 81.278 9.638<span class=\"fs2\"> </span>84.974<span class=\"fs2\"> </span>1.991.010 Risultato di settore<span class=\"_ _1\"></span> (MOL) 332.766 6.648 2.528 10.417<span class=\"fs2\"> </span>(3.052)<span class=\"fs2\"> </span>349.306 Ammortamenti, Sval<span class=\"_ _1\"></span>utazioni e (121.971) (17.904) (1.810) (305)<span class=\"fs2 ls0\"> </span>(9.558)<span class=\"fs2\"> </span>(151.548) accantonamenti <span class=\"_ _1\"></span> Risultato Operativ<span class=\"_ _1\"></span>o 210.795 (11.256) 718<span class=\"ls0\"> </span>5.458<span class=\"fs2\"> </span>(7.956)<span class=\"fs2\"> </span>197.758 Risultato netto valut<span class=\"_ _1\"></span>azione delle 5.567 5.567 partecipazioni al Pat<span class=\"_ _1\"></span>rimonio Netto<span class=\"_ _1\"></span> Risultato della g<span class=\"_ _1\"></span>estione finanziaria<span class=\"_ _1\"></span> 65.647 65.647 Risultato ante im<span class=\"_ _1\"></span>poste 268.972 Imposte (51.585) Risultato del peri<span class=\"_ _1\"></span>odo 217.387 Attivit\u00e0 di settore <span class=\"_ _1\"></span> 2.189.950 247.943 126.646 307.729<span class=\"fs2\"> </span>1.<span class=\"ls0\">009.219<span class=\"fs2\"> </span></span>3.881.486 Passivit\u00e0 di settor<span class=\"_ _1\"></span>e 753.736 90.650 71.669 162.888<span class=\"fs2\"> </span>259.163<span class=\"fs2\"> </span>1.338.106 Partecipazioni val<span class=\"_ _1\"></span>utate al Patrimoni<span class=\"_ _1\"></span>o 5.559 - 22.417 15.762<span class=\"fs2\"> </span>9.518<span class=\"fs2\"> </span>53.256 netto Investimenti in attivit<span class=\"_ _1\"></span>\u00e0 materiali e 114.159 2.850 1.718 607<span class=\"fs2 ls0\"> </span>22.034<span class=\"fs2\"> </span>141.368 immateriali  <span class=\"_ _24\"> </span><span class=\"ff6\">Il <span class=\"_ _15\"> </span>settore <span class=\"_ _6\"> </span>\u201cAltre <span class=\"_ _15\"> </span>attivit\u00e0<span class=\"_ _0\"></span>\u201d <span class=\"_ _6\"> </span>comprende <span class=\"_ _15\"> </span>i <span class=\"_ _6\"> </span>dati <span class=\"_ _15\"> </span>economici <span class=\"_ _6\"> </span>e <span class=\"_ _15\"> </span>patrimoniali <span class=\"_ _6\"> </span>delle <span class=\"_ _15\"> </span><span class=\"ff2\">societ\u00e0 </span></span>controllate che<span class=\"_ _0\"></span> svol<span class=\"_ _0\"></span>gono <span class=\"_ _0\"></span>prevalente<span class=\"_ _0\"></span>mente attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>di natura <span class=\"_ _0\"></span>finanziaria,<span class=\"_ _0\"></span> in <span class=\"_ _0\"></span>quali<span class=\"_ _0\"></span>t\u00e0 di hol<span class=\"_ _0\"></span>ding di<span class=\"_ _0\"></span> partecipazioni, <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>controllate <span class=\"_ _3\"></span>operativ<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>nella <span class=\"_ _3\"></span>prestazione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>servizi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>varia <span class=\"_ _3\"></span>natura.  <span class=\"_ _24\"> </span>Le informazioni rela<span class=\"_ _0\"></span>tive al<span class=\"_ _0\"></span>le aree geografiche sono le seguenti<span class=\"_ _0\"></span>: Cina, Altri Poste non Italia Danimarca <span class=\"_ _1\"></span> Belgio USA Turchia Egitto Malesia e paesi allocate e Consolidato Australia esteri rettifiche 2021 Ricavi di settore<span class=\"_ _1\"></span> 347.272 443.466 280.210 157.503 191.048 49.298 112.185 268.129 (228.043) 1.621.068 -  <span class=\"fc7 sc0\">  </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\">  </span><span class=\"fc7 sc0\">  </span><span class=\"fc7 sc0\">  </span><span class=\"fc7 sc0\">  </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>Ricavi intrasettore<span class=\"_ _1\"></span> (116.815) (83.989) (881) (19.064) (3.729) - (3.552) 228.043 - 13<span class=\"ls0\"> </span>Ricavi operativi in 230.457 359.477 280.197 156.622 171.984 45.569 112.185 264.577 - 1.621.068 contribuzione Risultato di settore<span class=\"_ _1\"></span> 12.618 121.560 68.602 23.829 37.552 10.842 26.829 26.748 328.582 (MOL) Ammortamenti, Svalutazioni e (17.093) (36.272) (26.626) (14.176) (7.320) (3.239) (8.021) (12.018) (124.766) accantonamenti <span class=\"_ _1\"></span> Risultato Operativ<span class=\"_ _1\"></span>o (4.475) 85.288 41.976 9.653 30.232 7.603 18.808 14.731 - 203.816 Risultato netto valutazione dell<span class=\"_ _1\"></span>e 7.452 7.452 partecipazioni al Patrimonio Netto Risultato della 7.065 7.065 gestione finanziari<span class=\"_ _1\"></span>a Risultato ante 218.333 imposte Imposte (34.365) Risultato del peri<span class=\"_ _1\"></span>odo 183.968 Attivit\u00e0 di settore <span class=\"_ _1\"></span> 1.397.689 596.529 493.157 321.875 261.124 121.959 151.157 165.670 3.509.160 Passivit\u00e0 di settor<span class=\"_ _1\"></span>e 543.665 295.930 158.500 56.778 57.130 22.892 30.599 78.896 1.244.390 Partecipazioni val<span class=\"_ _1\"></span>utate 44.093 3.146 169<span class=\"ls0\"> </span>- - - - 5.385 52.794 al Patrimonio netto<span class=\"_ _1\"></span> Investimenti in attivit<span class=\"_ _1\"></span>\u00e0 16.379 39.617 17.428 5.636 12.488 1.825 6.872 12.932 113.178 materiali e immat<span class=\"_ _1\"></span>eriali Cina, Altri Poste non Italia Danimarca <span class=\"_ _1\"></span> Belgio USA Turchia Egitto Malesia e paesi allocate e Consolidato Australia esteri rettifiche 2022 Ricavi di settore<span class=\"_ _1\"></span> 432.866 532.779 338.601 198.205 291.392 59.206 131.609 309.833 (303.481) 1.991.010 Ricavi intrasettore<span class=\"_ _1\"></span> (179.849) (80.560) - (1.190) (31.602) (5.288) - (4.993) 303.481 - Ricavi operativi in 253.017 452.220 338.601 197.015 259.791 53.918 131.609 304.840 1.991.010 contribuzione Risultato di settore<span class=\"_ _1\"></span> 17.154 141.107 76.533 28.949 27.999 11.792 22.682 23.090 349.306 (MOL) Ammortamenti, Svalutazioni e (23.949) (37.512) (28.658) (16.611) (20.649) (3.159) (9.004) (12.007) (151.549) accantonamenti <span class=\"_ _1\"></span> Risultato Operativ<span class=\"_ _1\"></span>o (6.796) 103.595 47.876 12.338 7.350 8.634 13.678 11.084 197.758 Risultato netto valutazione dell<span class=\"_ _1\"></span>e 5.567 5.567 partecipazioni al Patrimonio Netto Risultato della 65.647 65.647 gestione finanziari<span class=\"_ _1\"></span>a Risultato ante 268.972 imposte Imposte (51.585) Risultato del peri<span class=\"_ _1\"></span>odo 217.387 Attivit\u00e0 di settore <span class=\"_ _1\"></span> 1.449.927 673.076 490.935 356.505 468.518 117.386 161.092 164.047 3.881.486 Passivit\u00e0 di settor<span class=\"_ _1\"></span>e 489.053 368.904 182.936 65.231 107.777 22.099 30.606 71.499 1.338.106 Partecipazioni val<span class=\"_ _1\"></span>utate 41.024 3.455 143<span class=\"ls0\"> </span>- - - - 8.635 53.256 al Patrimonio netto<span class=\"_ _1\"></span> Investimenti in attivit<span class=\"_ _1\"></span>\u00e0 26.025 40.965 32.053 9.366 14.543 1.005 7.555 9.856 141.368 materiali e immat<span class=\"_ _1\"></span>eriali 33.<span class=\"ls0\"> <span class=\"_ _0\"></span>Transazion<span class=\"_ _0\"></span>i con parti c<span class=\"_ _0\"></span>orrelate </span> <span class=\"_ _24\"> </span>Le operazioni poste i<span class=\"_ _0\"></span>n essere dalle societ\u00e0 del<span class=\"_ _0\"></span> Gruppo con parti cor<span class=\"_ _0\"></span>relate ivi incl<span class=\"_ _0\"></span>use le operazioni <span class=\"_ _14\"> </span>infragruppo, <span class=\"_ _16\"> </span>rientrano <span class=\"_ _14\"> </span>generalmente <span class=\"_ _16\"> </span>nella <span class=\"_ _14\"> </span>gestione <span class=\"_ _14\"> </span>ordinaria. <span class=\"_ _14\"> </span>Non <span class=\"_ _14\"> </span>si <span class=\"_ _14\"> </span>rilevano operazioni di cara<span class=\"_ _0\"></span>ttere atipi<span class=\"_ _0\"></span>co o inusuale, estrane<span class=\"_ _0\"></span>e alla normale <span class=\"ff6\">gestione<span class=\"_ _0\"></span> dell\u2019<span class=\"_ _0\"></span>impresa<span class=\"ff2\">. </span></span>Nella <span class=\"_ _17\"> </span>t<span class=\"_ _1\"></span>abella <span class=\"_ _17\"> </span>seguente <span class=\"_ _16\"> </span>si <span class=\"_ _19\"> </span>riepilogano <span class=\"_ _19\"> </span>i <span class=\"_ _19\"> </span>r<span class=\"_ _1\"></span>apporti <span class=\"_ _17\"> </span>economici <span class=\"_ _16\"> </span>e <span class=\"_ _19\"> </span>patrimoniali <span class=\"_ _19\"> </span>con <span class=\"_ _19\"> </span>parti correlate al 31<span class=\"_ _0\"></span> dicembre <span class=\"ls2\">20</span>22: Societ\u00e0 Incidenza Altre Totale Totale Societ\u00e0 Societ\u00e0 sottoposte Societ\u00e0 % sulla 31.12.2021 parti parti voce di controllanti collegate al comune consortili voce di correlate correlate Bilancio controllo bilancio Rapporti patri<span class=\"_ _0\"></span>moniali Crediti commer<span class=\"_ _0\"></span>ciali 173<span class=\"ls0\"> </span>2.842 30.490 2.626 36.131 283.048 12,8% Attivit\u00e0 finanziar<span class=\"_ _0\"></span>ie 1.185 29<span class=\"ls0\"> </span>200<span class=\"ls0\"> </span>1.414 5.220 27,1% correnti Altre attivit\u00e0 cor<span class=\"_ _0\"></span>renti 16<span class=\"ls0\"> </span>16<span class=\"ls0\"> </span>23.596 0,1% Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie non 12.649 12.649 390.050 3,2% correnti Debiti commerciali<span class=\"_ _0\"></span> 19<span class=\"ls0\"> </span>1.382 8.701 256<span class=\"ls0\"> </span>10.358 322.164 3,2% Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie 4.570 356<span class=\"ls0\"> </span>4.926 152.669 3,2% correnti Altre passivit\u00e0 cor<span class=\"_ _0\"></span>renti 582<span class=\"ls0\"> </span>228<span class=\"ls0\"> </span>810<span class=\"ls0\"> </span>95.199 0,9% Rapporti econo<span class=\"_ _0\"></span>mici Ricavi 8.381 30.896 130<span class=\"ls0\"> </span>39.407 1.551.818 2,5% Altri ricavi ope<span class=\"_ _0\"></span>rativi 374<span class=\"ls0\"> </span>2.000 2.374 46.010 5,2% Costi per mater<span class=\"_ _0\"></span>ie prime 0 470.197 0,0% Altri costi operati<span class=\"_ _0\"></span>vi 703<span class=\"ls0\"> </span>43.856 31<span class=\"ls0\"> </span>44.590 479.476 9,3% Proventi finanziari<span class=\"_ _0\"></span> 234<span class=\"ls0\"> </span>29.200 29.434 54.157 54,3% Oneri finanziari<span class=\"_ _0\"></span> 18<span class=\"ls0\"> </span>177<span class=\"ls0\"> </span>195<span class=\"ls0\"> </span>47.092 0,4% Societ\u00e0 Incidenza Altre Totale Totale Societ\u00e0 Societ\u00e0 sottoposte Societ\u00e0 % sulla 31.12.2022 parti parti voce di controllanti collegate al comune consortili voce di correlate correlate Bilancio controllo bilancio Rapporti patri<span class=\"_ _0\"></span>moniali Crediti commer<span class=\"_ _0\"></span>ciali 166<span class=\"ls0\"> </span>10.217 30.082 1.829 42.294 320.138 13,2% Attivit\u00e0 finanziarie - 30<span class=\"ls0\"> </span>374<span class=\"ls0\"> </span>405<span class=\"ls0\"> </span>59.218 0,7% correnti Altre attivit\u00e0 cor<span class=\"_ _0\"></span>renti 722<span class=\"ls0\"> </span>5 727<span class=\"ls0\"> </span>23.936 3,0% Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie non 13.640 13.640 370.298 3,7% correnti Altre passivit\u00e0 non<span class=\"_ _0\"></span> 2.902 2.902 5.326 54,5% correnti Debiti commerciali<span class=\"_ _0\"></span> 49<span class=\"ls0\"> </span>2.259 19.826 422<span class=\"ls0\"> </span>22.555 413.605 5,5% Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie 3.292 356<span class=\"ls0\"> </span>3.648 145.304 2,5% correnti Altre passivit\u00e0 cor<span class=\"_ _0\"></span>renti 457<span class=\"ls0\"> </span>800<span class=\"ls0\"> </span>1.257 108.798 1,2% Rapporti econo<span class=\"_ _0\"></span>mici Ricavi 14.984 37.858 - 52.842 1.917.438 2,8% Altri ricavi oper<span class=\"_ _0\"></span>ativi 577<span class=\"ls0\"> </span>2.427 3.004 47.764 6,3% Altri costi opera<span class=\"_ _0\"></span>tivi 1.776 50.483 33<span class=\"ls0\"> </span>52.291 543.348 9,6% Proventi finanziari<span class=\"_ _0\"></span> 11<span class=\"ls0\"> </span>11<span class=\"ls0\"> </span>96.724 0,0% Oneri finanziari<span class=\"_ _0\"></span> 30<span class=\"ls0\"> </span>184<span class=\"ls0\"> </span>507<span class=\"ls0\"> </span>51<span class=\"ls0\"> </span>772<span class=\"ls0\"> </span>51.139 1,5%  <span class=\"_ _3c\"> </span> <span class=\"_ _33\"> </span>Le posizion<span class=\"_ _0\"></span>i nei confronti dell<span class=\"_ _0\"></span>e societ\u00e0 consortili sono relative all<span class=\"_ _0\"></span>a gestione operativa<span class=\"_ _0\"></span> de<span class=\"lsf\">lla</span> <span class=\"_ _5\"></span>controllata <span class=\"_ _4\"></span>Vianini <span class=\"_ _4\"></span>Lavori <span class=\"_ _5\"></span>SpA <span class=\"_ _5\"></span>con <span class=\"_ _4\"></span>consorzi <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _4\"></span>consortili <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>funzionano <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>il sistema \u201ca ribal<span class=\"_ _0\"></span>tamento costi\u201d<span class=\"_ _0\"></span>.<span class=\"ff2\">  </span>Le <span class=\"_ _a\"></span>passivit\u00e0 <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>correnti <span class=\"_ _a\"></span>e <span class=\"_ _17\"></span>correnti <span class=\"_ _a\"></span>verso <span class=\"_ _a\"></span>societ\u00e0 <span class=\"_ _a\"></span>sotto <span class=\"_ _17\"></span>comune <span class=\"_ _a\"></span>controllo riguardano <span class=\"_ _a\"></span>i <span class=\"_ _17\"></span>contratti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>affitto <span class=\"_ _17\"> </span>delle <span class=\"_ _17\"></span>sedi <span class=\"_ _a\"></span>sociali <span class=\"_ _a\"></span>della <span class=\"_ _17\"></span>Capogruppo <span class=\"_ _a\"></span>e <span class=\"_ _17\"></span>di <span class=\"_ _a\"></span>alcune <span class=\"_ _17\"> </span>controllate<span class=\"ls8\">, </span>contabilizzati in acco<span class=\"_ _0\"></span>rdo all\u2019<span class=\"_ _0\"></span>IFRS 16.<span class=\"ff2\"> </span>34.<span class=\"_ _b\"> </span><span class=\"ls0\">Transazion<span class=\"_ _0\"></span>i con amministra<span class=\"_ _0\"></span>tori, sindac<span class=\"_ _0\"></span>i e personale d<span class=\"_ _0\"></span>irigente del<span class=\"_ _0\"></span>la Societ\u00e0</span>Nel <span class=\"_ _3\"></span>corso <span class=\"_ _3\"></span>dell\u2019esercizio <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>erogati <span class=\"_ _2b\"></span>f<span class=\"_ _1\"></span>inanziamenti <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>ammini<span class=\"_ _0\"></span>stratori, <span class=\"_ _3\"></span>sindaci<span class=\"_ _0\"></span> e dirigenti aventi respon<span class=\"_ _0\"></span>sabi<span class=\"_ _0\"></span>lit\u00e0 strategiche ed all<span class=\"_ _0\"></span>a data del 31 di<span class=\"_ _0\"></span>cembre <span class=\"ls2\">20</span>22 il Gruppo non vanta crediti per <span class=\"_ _0\"></span>finanziamenti loro conce<span class=\"_ _0\"></span>ssi. Si <span class=\"_ _8\"> </span>precisa <span class=\"_ _9\"> </span>che, <span class=\"_ _8\"> </span>alla <span class=\"_ _8\"> </span>data <span class=\"_ _9\"> </span>del <span class=\"_ _8\"> </span>31 <span class=\"_ _8\"> </span>dicembre <span class=\"_ _8\"> </span><span class=\"ls2\">20</span>22, <span class=\"_ _9\"> </span>i <span class=\"_ _9\"> </span>compensi<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>spettanti <span class=\"_ _9\"> </span>agli amministratori <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>cariche <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>icoperte <span class=\"_ _3\"></span>nella <span class=\"_ _3\"></span>Societ\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>nel <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>sono <span class=\"_ _0\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>6,7 <span class=\"_ _0\"></span>mili<span class=\"_ _0\"></span>oni <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>Euro (5<span class=\"ls9\">,8</span> milion<span class=\"_ _0\"></span>i di euro nel 202<span class=\"_ _0\"></span>1). Tali compensi<span class=\"_ _0\"></span> rappresentano bene<span class=\"_ _0\"></span>fici a breve te<span class=\"_ _0\"></span>rmine. La societ\u00e0 non ha<span class=\"_ _0\"></span> in organico diri<span class=\"_ _0\"></span>genti con responsa<span class=\"_ _0\"></span>bilit\u00e0 strategiche. Per il <span class=\"_ _0\"></span>dettaglio dei<span class=\"_ _0\"></span> comp<span class=\"_ _0\"></span>ensi spettan<span class=\"_ _0\"></span>ti ai com<span class=\"_ _0\"></span>ponenti <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>organi di <span class=\"_ _0\"></span>amministrazione,<span class=\"_ _0\"></span> controllo <span class=\"_ _a\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>rinvia <span class=\"_ _5\"></span>alla <span class=\"_ _a\"></span>Relazi<span class=\"_ _0\"></span>one <span class=\"_ _a\"></span>sulla <span class=\"_ _5\"></span>Remuner<span class=\"ff6\">azione, <span class=\"_ _a\"></span>redat<span class=\"_ _0\"></span>ta <span class=\"_ _a\"></span>ai <span class=\"_ _5\"></span>sensi <span class=\"_ _5\"></span>dell\u2019art.123 <span class=\"_ _a\"></span>ter <span class=\"_ _5\"></span>del </span>testo <span class=\"_ _0\"></span>Unico, <span class=\"_ _3\"></span>messa a<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>sposizion<span class=\"_ _0\"></span>e del<span class=\"_ _0\"></span> pubb<span class=\"_ _0\"></span>lico<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pubblicata <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>richiesto <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>\u2019art.84 <span class=\"_ _0\"></span>quater<span class=\"_ _0\"></span> del Regolamento E<span class=\"_ _0\"></span>mittenti. La <span class=\"_ _14\"> </span>stessa <span class=\"_ _16\"> </span>Relazione <span class=\"_ _14\"> </span>sull<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>Remunerazione <span class=\"_ _16\"> </span>contiene, <span class=\"_ _14\"> </span>inoltre<span class=\"_ _0\"></span>, <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>informazi<span class=\"_ _0\"></span>oni <span class=\"_ _14\"> </span>sulle partecipazioni <span class=\"_ _1e\"> </span>detenute <span class=\"_ _23\"> </span>nella <span class=\"_ _1e\"> </span>Societ\u00e0 <span class=\"_ _23\"> </span>e <span class=\"_ _8\"> </span>nelle <span class=\"_ _23\"> </span>societ\u00e0 <span class=\"_ _23\"> </span>da <span class=\"_ _23\"> </span>questa <span class=\"_ _23\"> </span>controllate <span class=\"_ _23\"> </span>di <span class=\"_ _23\"> </span>ogni componente gli organi<span class=\"_ _0\"></span> di ammini<span class=\"_ _0\"></span>strazione e contr<span class=\"_ _0\"></span>ollo. 35.<span class=\"_ _b\"> </span><span class=\"ff12 ls0\">Informativa a<span class=\"_ _0\"></span>i sensi del<span class=\"_ _0\"></span>l\u2019art. 149 duod<span class=\"_ _0\"></span>ecies della Delibera<span class=\"_ _0\"></span> Consob 119<span class=\"_ _0\"></span>71/99</span>L\u2019incarico <span class=\"_ _a\"></span>alla <span class=\"_ _19\"> </span>societ\u00e0 <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>revisione <span class=\"_ _17\"> </span>Pric<span class=\"ff2\">ewaterhouseCoopers <span class=\"_ _17\"></span>SpA <span class=\"_ _17\"></span>\u00e8 <span class=\"_ _17\"> </span>st<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>conferito </span>dall\u2019Assembl<span class=\"_ _0\"></span>ea dei Soci del 8 maggio<span class=\"_ _0\"></span> 2020 per il <span class=\"_ _0\"></span>periodo 2022/2030<span class=\"_ _0\"></span>.<span class=\"ff2\"> </span>I <span class=\"_ _2\"> </span>compensi <span class=\"_ _2\"> </span>di <span class=\"_ _2\"> </span>co<span class=\"_ _0\"></span>mpetenza <span class=\"_ _2\"> </span>del<span class=\"_ _0\"></span>l\u2019esercizio <span class=\"_ _2\"> </span>2022 <span class=\"_ _2\"> </span>cor<span class=\"_ _0\"></span>risposti <span class=\"_ _2\"> </span>dalla <span class=\"_ _2\"> </span>C<span class=\"_ _0\"></span>apogruppo<span class=\"_ _0\"></span> Caltagirone <span class=\"_ _1a\"> </span>SpA <span class=\"_ _1a\"> </span>e <span class=\"_ _1b\"> </span>dall<span class=\"_ _0\"></span>e <span class=\"_ _1a\"> </span>sue <span class=\"_ _1b\"> </span>controllate, <span class=\"_ _1a\"> </span>per <span class=\"_ _1b\"> </span>l\u2019attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _1b\"> </span>di <span class=\"_ _21\"> </span>revisione, <span class=\"_ _1a\"> </span>al<span class=\"_ _1\"></span><span class=\"ff2\">la <span class=\"_ _1b\"> </span>societ\u00e0 </span>PricewaterhouseCoope<span class=\"_ _0\"></span>rs S.p.A.ed alla sua <span class=\"_ _1\"></span>rete, sono <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>rispettivamen<span class=\"_ _0\"></span>te a <span class=\"_ _1\"></span>504 <span class=\"_ _1\"></span>migliaia di Euro e <span class=\"_ _1\"></span>1.130<span class=\"_ _0\"></span> migliaia di Euro. I<span class=\"_ _1\"></span> compensi corrisp<span class=\"_ _0\"></span>osti per gli altri servizi <span class=\"_ _1\"></span>sono stati pari a 132 migliaia <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Euro <span class=\"_ _a\"></span>(122 <span class=\"_ _5\"></span>migliai<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>Euro <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>Pricewaterho<span class=\"_ _1\"></span>useCoopers <span class=\"_ _5\"></span>SpA <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>10 <span class=\"_ _a\"></span>migli<span class=\"_ _0\"></span>aia <span class=\"_ _5\"></span>di Euro alla sua rete<span class=\"_ _0\"></span>).  36.<span class=\"ls0\"> <span class=\"_ _0\"></span>Gerarchia de<span class=\"_ _0\"></span>l fair value<span class=\"_ _0\"></span>   </span>Di seguito <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>evidenzia il livello gerarchico <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>passivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>che sono valutate <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span><span class=\"ff7\">fair </span>value<span class=\"ff2\">: </span>31.12.2021 Nota Livello 1 Livello 2 Livello 3 Totale Investimenti immobiliari 4 320.304 21.800   <span class=\"ls0\">342.104  </span>Investimenti in Partecipazioni 6 554.705 554.705 Attivit\u00e0 finanziarie correnti 13<span class=\"ls0\"> </span>3.938 3.938 Totale attivit\u00e0 554.705 324.242 21.800 900.747 Passivit\u00e0 finanziarie non 20<span class=\"ls0\"> </span>(9.762) (9.762) correnti Passivit\u00e0 finanziarie correnti 20<span class=\"ls0\"> </span>(5.366) (5.366) Totale passivit\u00e0            <span class=\"ls0\">-  </span>(15.128)             <span class=\"ls0\">-  </span>(15.128) 31.12.2022 Nota Livello 1 Livello 2 Livello 3 Totale Investimenti immobiliari 4 343.911 25.582   <span class=\"ls0\">369.493  </span>Investimenti in Partecipazioni 6 557.475 557.475 Attivit\u00e0 finanziarie correnti 13<span class=\"ls0\"> </span>13.475 13.475 Totale attivit\u00e0 557.475 357.386 25.582 940.443 Passivit\u00e0 finanziarie non 20<span class=\"ls0\"> </span>(13.455) (13.455) correnti Passivit\u00e0 finanziarie correnti 20<span class=\"ls0\"> </span>(1.323) (1.323) Totale passivit\u00e0            <span class=\"ls0\">-  </span>(14.779)              <span class=\"ls0\">-  </span>(14.779) Nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span><span class=\"ff2 ls2\">20<span class=\"ls0\">22 <span class=\"_ _a\"></span>non<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>vi <span class=\"_ _a\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>stati <span class=\"_ _5\"></span>trasferimenti <span class=\"_ _5\"></span>tra <span class=\"_ _a\"></span>i <span class=\"_ _4\"></span>vari <span class=\"_ _a\"></span>livel<span class=\"_ _0\"></span>li <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>non <span class=\"_ _4\"></span>\u00e8 </span></span>intervenuta alcuna <span class=\"_ _0\"></span>variazion<span class=\"_ _0\"></span>e nel livello 3. Si <span class=\"_ _3\"></span>precisa <span class=\"_ _2b\"></span>inoltre <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>immobili <span class=\"_ _2b\"></span>sono <span class=\"_ _3\"></span>iscritti <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _2b\"></span>value <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>perizie <span class=\"_ _2b\"></span>tecniche redatte <span class=\"_ _16\"> </span>da <span class=\"_ _16\"> </span>esperti <span class=\"_ _19\"> </span>indipendenti, <span class=\"_ _16\"> </span>basate <span class=\"_ _16\"> </span>prevale<span class=\"_ _0\"></span>ntemente <span class=\"_ _19\"> </span>sulle <span class=\"_ _16\"> </span>indicazioni <span class=\"_ _16\"> </span>provenienti <span class=\"_ _16\"> </span>dal mercato immobil<span class=\"_ _0\"></span>iare appli<span class=\"_ _0\"></span>cabili per la tipolog<span class=\"_ _0\"></span>ia di investimen<span class=\"_ _0\"></span>ti detenuti. 37.<span class=\"ls0\"> <span class=\"_ _0\"></span>Informaz<span class=\"_ _0\"></span>ione sui risch<span class=\"_ _0\"></span>i finanziari </span>L\u2019attivit\u00e0 <span class=\"_ _0\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _0\"></span>Caltagi<span class=\"_ _0\"></span>rone <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>sottopos<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>vari <span class=\"_ _0\"></span>rischi <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>inanziari: <span class=\"_ _3\"></span>rischio <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>credito, rischio di <span class=\"_ _1\"></span>liquidit\u00e0, rischio di <span class=\"_ _1\"></span>cambio, rischio di <span class=\"_ _1\"></span>tasso di <span class=\"_ _1\"></span>interesse<span class=\"_ _0\"></span>, rischio <span class=\"_ _1\"></span>di variazione di <span class=\"_ _1\"></span>fair value <span class=\"_ _14\"> </span>degli <span class=\"_ _16\"> </span>investimenti <span class=\"_ _14\"> </span>in <span class=\"_ _16\"> </span>strumenti <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>capitale, <span class=\"_ _14\"> </span>rischio <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>variazione <span class=\"_ _14\"> </span>di <span class=\"_ _16\"> </span>fair <span class=\"_ _14\"> </span>value <span class=\"_ _14\"> </span>degli investimenti <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mmobiliari, <span class=\"_ _3\"></span>rischio <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>prezzo delle <span class=\"_ _3\"></span>materie <span class=\"_ _0\"></span>prime <span class=\"_ _3\"></span>e rischi<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>ambi<span class=\"_ _0\"></span>ente <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>sicurezza<span class=\"ls9\">. </span>La gestione <span class=\"_ _0\"></span>dei rischi <span class=\"_ _0\"></span>finanzi<span class=\"_ _0\"></span>ari del Gruppo <span class=\"_ _0\"></span>si sv<span class=\"_ _0\"></span>olge <span class=\"_ _0\"></span>nell\u2019ambi<span class=\"_ _0\"></span>to di precise <span class=\"_ _0\"></span>direttive di na<span class=\"_ _0\"></span>tura organizzativa che disciplinano la gestione degli stessi e <span class=\"_ _1\"></span>il controllo di tutte le operazioni che hanno <span class=\"_ _1e\"> </span>stretta<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>rilevanza<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>nella <span class=\"_ _1e\"> </span>co<span class=\"_ _0\"></span>mposizione <span class=\"_ _1e\"> </span>d<span class=\"_ _0\"></span>elle <span class=\"_ _1e\"> </span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _1e\"> </span>finanziarie<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>e <span class=\"_ _18\"> </span>/o commerciali.<span class=\"fs0\">  </span>Rischio di credito L\u2019esposizion<span class=\"_ _0\"></span>e <span class=\"_ _19\"> </span>massima <span class=\"_ _17\"> </span>al <span class=\"_ _19\"> </span>rischio <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>credito <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>il <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span>31 <span class=\"_ _19\"> </span>di<span class=\"ff2\">cembre <span class=\"_ _19\"> </span><span class=\"ls2\">20</span>22 <span class=\"_ _16\"> </span><span class=\"lsd\">\u00e8 </span></span>rappresentata <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>valore <span class=\"_ _3\"></span>contabile dei<span class=\"_ _0\"></span> crediti <span class=\"_ _0\"></span>iscrit<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>bilancio, <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"ls2\">320<span class=\"ls9\">,1</span></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ilioni<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>euro, di<span class=\"_ _0\"></span> cui 42,3 milion<span class=\"_ _0\"></span>i di euro verso pa<span class=\"_ _0\"></span>rti correlate. Il <span class=\"_ _4\"></span>rischio <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>credito <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>mitigato <span class=\"_ _5\"></span>da <span class=\"_ _4\"></span>un\u2019atten<span class=\"_ _0\"></span>ta <span class=\"_ _4\"></span>procedura <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>valutazione<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>della <span class=\"_ _5\"></span><span class=\"ff2\">solvibilit\u00e0<span class=\"_ _0\"></span> </span>della <span class=\"_ _17\"></span>clientela <span class=\"_ _17\"></span>ai <span class=\"_ _17\"></span>fini <span class=\"_ _17\"></span>della <span class=\"_ _17\"></span>concessione <span class=\"_ _a\"></span>degli <span class=\"_ _17\"></span>affidamenti <span class=\"_ _17\"></span>ai <span class=\"_ _17\"></span>singoli <span class=\"_ _a\"></span>clienti <span class=\"_ _19\"> </span>e, <span class=\"_ _17\"></span>infine, <span class=\"_ _17\"></span>non <span class=\"_ _17\"></span>si rilevano <span class=\"_ _17\"> </span>posizioni <span class=\"_ _a\"> </span>cr<span class=\"_ _1\"></span>editorie <span class=\"_ _a\"></span>significative <span class=\"_ _17\"> </span>che <span class=\"_ _19\"> </span>comportino <span class=\"_ _a\"></span>un\u2019eccessiva <span class=\"_ _17\"> </span>concentrazione <span class=\"_ _17\"> </span>del credito. 31.12.2022 31.12.2021 Gruppo Cemen<span class=\"_ _0\"></span>tir 194.434 170.107 Gruppo Caltagiro<span class=\"_ _0\"></span>ne Editore 34.215 36.992 Gruppo Vianini La<span class=\"_ _0\"></span>vori 88.473 73.291 Gruppo Vianini<span class=\"_ _0\"></span> 2.498 2.027 Altre societ\u00e0 518<span class=\"ls0\"> </span>631<span class=\"ls0\"> </span>Totale crediti<span class=\"_ _0\"></span> commerciali 320.138 283.048 La gestione dei rischi di credito<span class=\"_ _0\"></span> si basa su limiti di <span class=\"_ _1\"></span>credito interni determi<span class=\"_ _0\"></span>nati sia sulla<span class=\"_ _0\"></span> base dei clienti sia <span class=\"_ _0\"></span>sulla base dell'esperie<span class=\"_ _0\"></span>nza del Gruppo<span class=\"_ _0\"></span> con la cont<span class=\"_ _0\"></span>roparte.  A <span class=\"_ _17\"></span>causa <span class=\"_ _a\"></span>della <span class=\"_ _17\"></span>situazione <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>mercato, <span class=\"_ _17\"></span>negli <span class=\"_ _a\"></span>ultimi <span class=\"_ _17\"> </span>anni <span class=\"_ _a\"></span>il <span class=\"_ _17\"> </span>Gruppo <span class=\"_ _17\"></span>ha <span class=\"_ _a\"></span>aumentato <span class=\"_ _a\"></span>le risorse <span class=\"_ _1\"></span>utilizzate per <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>follow-up <span class=\"_ _1\"></span>sui <span class=\"_ _1\"></span>clienti, <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>contribuisce ad <span class=\"_ _1\"></span>avvertire tempestivamente di possibili<span class=\"_ _0\"></span> rischi. Storicamente i<span class=\"_ _0\"></span>l Gruppo ha <span class=\"ls2\">non</span> subito perdi<span class=\"_ _0\"></span>te significative<span class=\"ls9\">. <span class=\"_ _0\"></span><span class=\"ls0\"> </span></span>Le <span class=\"_ _0\"></span>prospet<span class=\"_ _0\"></span>tive <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>recuper<span class=\"_ _0\"></span>abilit\u00e0 <span class=\"_ _3\"></span>dei crediti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>essere <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>valutate <span class=\"_ _3\"></span>tenendo <span class=\"_ _3\"></span>conto <span class=\"_ _0\"></span>delle garanzie in <span class=\"_ _0\"></span>essere<span class=\"_ _0\"></span> validamente<span class=\"_ _0\"></span> escu<span class=\"_ _0\"></span>tibili <span class=\"_ _0\"></span>e delle <span class=\"_ _0\"></span>indicazion<span class=\"_ _0\"></span>i dei <span class=\"_ _0\"></span>legali <span class=\"_ _0\"></span>che seg<span class=\"_ _0\"></span>uono la <span class=\"_ _0\"></span>pratica di recupero.  Il <span class=\"_ _17\"></span>limite <span class=\"_ _a\"></span>di <span class=\"_ _17\"></span>rischio <span class=\"_ _a\"></span>di <span class=\"_ _17\"></span>credito <span class=\"_ _17\"></span>delle <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>inanzi<span class=\"_ _0\"></span>arie <span class=\"_ _19\"> </span>corrisponde<span class=\"_ _0\"></span> <span class=\"_ _17\"></span>ai <span class=\"_ _17\"></span>valori <span class=\"_ _a\"></span>rilevati <span class=\"_ _17\"></span>in<span class=\"_ _0\"></span> bilancio.  Nessun singolo cli<span class=\"_ _0\"></span>ente presenta rischi<span class=\"_ _0\"></span> significativi<span class=\"_ _0\"></span> per il Gruppo. Rischio di liquidit\u00e0 Il rischio<span class=\"_ _0\"></span> di l<span class=\"_ _0\"></span>iquidit\u00e0 <span class=\"_ _0\"></span>a cui<span class=\"_ _0\"></span> \u00e8 <span class=\"_ _0\"></span>esposto i<span class=\"_ _0\"></span>l G<span class=\"_ _0\"></span>ruppo fa<span class=\"_ _0\"></span> riferimento<span class=\"_ _0\"></span> alla <span class=\"_ _0\"></span>disponibi<span class=\"_ _0\"></span>lit\u00e0 di <span class=\"_ _0\"></span>risorse<span class=\"_ _0\"></span> finanziarie, all\u2019acce<span class=\"_ _0\"></span>sso<span class=\"ff2\"> al mercato<span class=\"_ _0\"></span> del credito e de<span class=\"_ _0\"></span>gli strumenti <span class=\"_ _0\"></span>finanziari in ge<span class=\"_ _0\"></span>nerale.  </span>Tale <span class=\"_ _a\"></span>rischio <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _17\"></span>gestito <span class=\"_ _a\"></span>monitorando <span class=\"_ _a\"></span>costantemen<span class=\"_ _0\"></span>te <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>lussi <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>cassa, <span class=\"_ _a\"></span>le <span class=\"_ _17\"></span>necessit\u00e0 <span class=\"_ _a\"></span>di finanziamento e<span class=\"_ _0\"></span> la liquidi<span class=\"_ _0\"></span>t\u00e0 delle societ\u00e0<span class=\"_ _0\"></span> controllat<span class=\"_ _0\"></span>e con l\u2019ob<span class=\"_ _0\"></span>iettivo di garan<span class=\"_ _0\"></span>tire un\u2019efficace<span class=\"_ _0\"></span> ed efficiente gestione<span class=\"_ _0\"></span> delle ri<span class=\"_ _0\"></span>sorse finanziarie.  Il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>Caltagirone<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dispone <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>liquidi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _5\"></span>propria <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>si <span class=\"_ _a\"></span>ritiene<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>pertanto <span class=\"_ _a\"></span>il <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ischio <span class=\"_ _5\"></span>non significativo per<span class=\"_ _0\"></span> il Gruppo. Rischio di cambio Le <span class=\"_ _1b\"> </span>societ\u00e0 <span class=\"_ _1a\"> </span>del <span class=\"_ _1b\"> </span>Gruppo <span class=\"_ _1a\"> </span>Cementir, <span class=\"_ _1a\"> </span>operando <span class=\"_ _1b\"> </span>a <span class=\"_ _1a\"> </span>livello <span class=\"_ _1b\"> </span>internazionale, <span class=\"_ _1a\"> </span>sono strutturalmen<span class=\"_ _0\"></span>te <span class=\"_ _17\"></span>esposte <span class=\"_ _a\"></span>al <span class=\"_ _17\"></span>rischio <span class=\"_ _17\"></span>di <span class=\"_ _17\"></span>cambio <span class=\"_ _17\"></span>per <span class=\"_ _17\"></span>i <span class=\"_ _17\"></span>flussi <span class=\"_ _17\"></span>finanziari <span class=\"_ _a\"></span>derivanti <span class=\"_ _17\"></span>dalla <span class=\"_ _a\"></span>gestione operativa <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>dalle <span class=\"_ _2b\"></span>operazioni <span class=\"_ _3\"></span>di <span class=\"_ _2b\"></span>finanziamento <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>valute <span class=\"_ _2b\"></span>diverse <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>quelle <span class=\"_ _2b\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>vengono <span class=\"_ _3\"></span>redatti<span class=\"_ _0\"></span> i <span class=\"_ _3\"></span>bilanci <span class=\"_ _3\"></span>delle <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _3\"></span>controllate. <span class=\"_ _3\"></span>I <span class=\"_ _0\"></span>rischi <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>cambio <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>monitorati <span class=\"_ _3\"></span>sistematicamente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>modo da <span class=\"_ _1\"></span>valutare <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>anticipo <span class=\"_ _1\"></span>eventuali <span class=\"_ _1\"></span>impatti <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>intrapr<span class=\"_ _0\"></span>endere <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>necessarie<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>azioni <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>mitigazione.<span class=\"_ _0\"></span> A <span class=\"_ _1\"></span>fr<span class=\"_ _1\"></span>onte <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>tali <span class=\"_ _1\"></span>rischi <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>cambio <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo, <span class=\"_ _1\"></span>tenuto <span class=\"_ _1\"></span>conto <span class=\"_ _4\"></span>dell\u2019hedging<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>natural<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>dei <span class=\"_ _4\"></span>flussi <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>dei finanziamenti, pone<span class=\"_ _0\"></span> in essere con<span class=\"_ _0\"></span>tratti con fina<span class=\"_ _0\"></span>lit\u00e0 di copertu<span class=\"_ _0\"></span>ra. Per <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>riguarda <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>principali <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>consol<span class=\"_ _0\"></span>idamento <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>estere,<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>se <span class=\"_ _a\"></span>i tassi <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>cambio <span class=\"_ _17\"></span>in <span class=\"_ _17\"></span>Lira <span class=\"_ _17\"></span>Turca <span class=\"_ _19\"> </span>(TRY), <span class=\"_ _17\"></span>Corona <span class=\"_ _17\"></span>Norvegese <span class=\"_ _a\"></span>(NOK), <span class=\"_ _19\"> </span>Coron<span class=\"_ _0\"></span>a <span class=\"_ _17\"> </span>Svedese <span class=\"_ _17\"> </span>(SEK), Dollaro <span class=\"_ _3\"></span>Usa <span class=\"_ _3\"></span>(USD),<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Renminbi-Yuan <span class=\"_ _2b\"></span>(<span class=\"_ _1\"></span>CNY), <span class=\"_ _3\"></span>Ringgi<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>(MYR) <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Lira <span class=\"_ _3\"></span>Egiziana <span class=\"_ _2b\"></span>(EGP) <span class=\"_ _3\"></span>fossero <span class=\"_ _3\"></span>stati tutti <span class=\"_ _a\"></span>inferiori <span class=\"_ _5\"></span>mediamente <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>10% <span class=\"_ _a\"></span>rispetto <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cambio <span class=\"_ _a\"></span>effettivo<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>conversione <span class=\"_ _a\"></span>dei patrimoni <span class=\"_ _1\"></span>netti <span class=\"_ _1\"></span>avrebbe generato <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>riduzione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>cir<span class=\"_ _1\"></span>ca <span class=\"_ _1\"></span>58 milioni <span class=\"_ _5\"></span>di <span class=\"_ _17\"></span>Euro <span class=\"_ _a\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>circa <span class=\"_ _a\"></span>2,3% <span class=\"_ _a\"></span>sul <span class=\"_ _a\"></span>patrimonio <span class=\"_ _5\"></span>netto <span class=\"_ _a\"></span>consolidato <span class=\"_ _a\"></span>(31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _a\"></span>2021 <span class=\"_ _a\"></span>una<span class=\"_ _0\"></span> riduzione di 55 mili<span class=\"_ _0\"></span>oni di Euro pari a circa 2,4%). La valuta che ha avuto il maggiore i<span class=\"_ _0\"></span>mpatto<span class=\"_ _0\"></span> \u00e8 <span class=\"_ _3\"></span>la <span class=\"_ _0\"></span>Lira <span class=\"_ _3\"></span>Turca <span class=\"_ _0\"></span>(TRY), <span class=\"_ _3\"></span>12 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>Euro. <span class=\"_ _3\"></span>Ulteriori <span class=\"_ _0\"></span>rischi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>valuta de<span class=\"_ _0\"></span>rivanti <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>consolidamento delle altre socie<span class=\"_ _0\"></span>t\u00e0 estere sono da con<span class=\"_ _0\"></span>siderarsi<span class=\"_ _0\"></span> irrilevanti.  La <span class=\"_ _a\"></span>predominante <span class=\"_ _a\"></span>esposizion<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>valutaria <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>il <span class=\"_ _17\"></span>Gruppo <span class=\"_ _a\"></span>riguarda <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>risultato <span class=\"_ _a\"></span>operativo derivante <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>vendite <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>acquisti <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>NOK, <span class=\"_ _3\"></span>CNY, <span class=\"_ _3\"></span>GBP<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>PLN <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>SEK<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Una <span class=\"_ _3\"></span>ipotetica <span class=\"_ _3\"></span>diminuzione<span class=\"_ _0\"></span> del <span class=\"_ _3\"></span>10% <span class=\"_ _2b\"></span>in <span class=\"_ _3\"></span>tutti <span class=\"_ _2b\"></span>questi <span class=\"_ _3\"></span>tassi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cambio<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(ad <span class=\"_ _2b\"></span>eccezione <span class=\"_ _3\"></span>del <span class=\"_ _2b\"></span>DKK) <span class=\"_ _3\"></span>avrebbe<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>generato<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>una <span class=\"_ _2b\"></span>riduzione del margine opera<span class=\"_ _0\"></span>tivo lor<span class=\"_ _0\"></span>do di 4,4 mil<span class=\"_ _0\"></span>ioni di Euro<span class=\"_ _0\"></span> (CNY pari a<span class=\"_ _0\"></span> 1,5 mili<span class=\"_ _0\"></span>oni di Euro, USD<span class=\"_ _0\"></span> pari a -3,6 mili<span class=\"_ _0\"></span>oni di <span class=\"_ _0\"></span>Euro, SEK <span class=\"_ _0\"></span>pari a 2,1 <span class=\"_ _0\"></span>milion<span class=\"_ _0\"></span>i di E<span class=\"_ _0\"></span>uro, PLN pari a <span class=\"_ _0\"></span>2,4 mil<span class=\"_ _0\"></span>ioni di<span class=\"_ _0\"></span> Euro, TRY<span class=\"_ _0\"></span> pari a<span class=\"_ _3\"></span> -2,0 m<span class=\"_ _1\"></span>ilioni<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di Euro <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>NOK <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>milioni di <span class=\"_ _1\"></span>Euro) <span class=\"_ _1\"></span>(2021 <span class=\"_ _1\"></span>di 13,4 <span class=\"_ _1\"></span>milioni di <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>di cui: <span class=\"_ _1\"></span>CNY pari a 2,4 milioni<span class=\"_ _0\"></span> di Euro, USD pari a 3,5 milioni<span class=\"_ _0\"></span> di Euro, SEK pari a 1,7 milion<span class=\"_ _0\"></span>i di Euro, PLN pari a 1,6 mili<span class=\"_ _0\"></span>oni di Euro e NOK pa<span class=\"_ _0\"></span>ri a 2,7 mili<span class=\"_ _0\"></span>oni di Euro). Il <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>Cementir <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>stipulato <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contratto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>swap <span class=\"_ _0\"></span>(hedge <span class=\"_ _3\"></span>accounti<span class=\"_ _0\"></span>ng) <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>data di <span class=\"_ _3\"></span>scadenza <span class=\"_ _0\"></span>nel <span class=\"_ _3\"></span>2024, <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>stati <span class=\"_ _0\"></span>coperti <span class=\"_ _3\"></span>sia <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>ischio <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>cambio <span class=\"_ _3\"></span>sia <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>ischio <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>interesse<span class=\"_ _0\"></span>. In relazione <span class=\"_ _0\"></span>al rischio <span class=\"_ _0\"></span>di interesse<span class=\"_ _0\"></span>, il G<span class=\"_ _0\"></span>ruppo Cemen<span class=\"_ _0\"></span>tir ha accordato <span class=\"_ _0\"></span>di pag<span class=\"_ _0\"></span>are un tas<span class=\"_ _0\"></span>so fisso<span class=\"_ _0\"></span> pari a<span class=\"_ _0\"></span> 0,43%<span class=\"_ _0\"></span> +<span class=\"_ _0\"></span> uno<span class=\"_ _0\"></span> spread <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>3,63% <span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>l Gruppo<span class=\"_ _0\"></span> Cementi<span class=\"_ _0\"></span>r riceve<span class=\"_ _0\"></span>r\u00e0 EU<span class=\"_ _0\"></span>RIBOR <span class=\"_ _0\"></span>+ un<span class=\"_ _0\"></span>o sp<span class=\"_ _0\"></span>read<span class=\"_ _0\"></span> del 2,88% ogni <span class=\"_ _1\"></span>30 aprile e 31 <span class=\"_ _1\"></span>ottobre fino alla scadenza. <span class=\"_ _1\"></span>La parte efficace della copertura \u00e8 uguale a tutti i<span class=\"_ _0\"></span> pagamenti futu<span class=\"_ _0\"></span>ri del flusso di ca<span class=\"_ _0\"></span>ssa e alle quot<span class=\"_ _0\"></span>e nominali<span class=\"_ _0\"></span>.  La <span class=\"_ _19\"> </span>passivit\u00e0 <span class=\"_ _19\"> </span>al <span class=\"_ _16\"> </span>fair <span class=\"_ _19\"> </span>value <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>inclusa <span class=\"_ _19\"> </span>in <span class=\"_ _16\"> </span>una <span class=\"_ _19\"> </span>voce <span class=\"_ _19\"> </span>separ<span class=\"_ _1\"></span>ata <span class=\"_ _19\"> </span>nello <span class=\"_ _19\"> </span>stato <span class=\"_ _19\"> </span>patrimoniale \"Passivit\u00e0 finanzi<span class=\"_ _0\"></span>arie correnti\". La parte ine<span class=\"_ _0\"></span>fficace \u00e8 <span class=\"_ _0\"></span>rilevata come proven<span class=\"_ _0\"></span>to finanzi<span class=\"_ _0\"></span>ario. Variazioni nel 2022 Scadenza Valore Fair Parte inefficace FV rilevate nella Strike value rilevata a Conto nozionale riserva di passivit\u00e0 Economico copertura Euro milioni &lt; 1 anno 1-5 anni &gt; 5 anni 1,00 EUR/ Swap USD/EUR<span class=\"_ _1\"></span> 77,3 10,7 66,6 0,0 -6,6 8,3 0,6 1,235 USD Variazioni nel 2021 Scadenza Valore Fair Parte inefficace FV rilevate Strike value rilevata a Cont<span class=\"_ _1\"></span>o nozionale nella riserva di passivit\u00e0 Economico copertura Euro milioni &lt; 1 anno 1-5 anni &gt; 5 anni 1,00 EUR/ Swap USD/EUR<span class=\"_ _1\"></span> 88,4 11,1 77,3 0,0 -7,1 2,0 0,3 1,235 USD Rischio di tasso di interesse Il <span class=\"_ _5\"></span><span class=\"ff7\">rischio <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inter<span class=\"_ _0\"></span>esse<span class=\"ff2\"> <span class=\"_ _5\"></span>riguarda <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>aumento <span class=\"_ _5\"></span>degli <span class=\"_ _4\"></span>oneri <span class=\"_ _5\"></span>derivanti <span class=\"_ _4\"></span>da </span></span>interessi <span class=\"_ _4\"></span>indicizzati <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>tasso <span class=\"_ _4\"></span>variabile <span class=\"_ _4\"></span>su <span class=\"_ _4\"></span>finanziam<span class=\"_ _0\"></span>enti <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>medio <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>termine <span class=\"_ _4\"></span>contratti <span class=\"_ _4\"></span>dalle<span class=\"_ _0\"></span> societ\u00e0 appartenen<span class=\"_ _0\"></span>ti al Gruppo. Il G<span class=\"_ _0\"></span>ruppo, <span class=\"_ _0\"></span>avendo <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>dicembre <span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>2 un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>indebitamento <span class=\"_ _0\"></span>finanzi<span class=\"_ _0\"></span>ario a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>tasso <span class=\"_ _0\"></span>variabi<span class=\"_ _0\"></span>le di <span class=\"_ _16\"> </span>4<span class=\"ls2\">80</span>,9 <span class=\"_ _16\"> </span>milioni <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>Euro <span class=\"_ _16\"> </span><span class=\"ff6\">\u00e8 <span class=\"_ _14\"> </span>quindi <span class=\"_ _16\"> </span>esposto<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>al <span class=\"_ _14\"> </span>rischio <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>fluttuazione <span class=\"_ _16\"> </span>dei <span class=\"_ _16\"> </span>tassi <span class=\"_ _14\"> </span>d\u2019inte<span class=\"_ _0\"></span>resse. </span>Valutato <span class=\"_ _5\"></span>compiutamente<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>livel<span class=\"_ _0\"></span>lo <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span>tassi<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>attesi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>le <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>empistiche <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>riduzione <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>debito<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>in funzione <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>previsioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>cassa, <span class=\"_ _4\"></span>vengono<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>comunque <span class=\"_ _1\"></span>posti <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>esse<span class=\"_ _0\"></span>re, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>parziale <span class=\"_ _1\"></span>copertura del rischio, cont<span class=\"_ _0\"></span>ratti di <span class=\"ff7\">Interest Rate<span class=\"_ _0\"></span> Swap<span class=\"ff2\">. </span></span>Un <span class=\"_ _3\"></span>incremento <span class=\"_ _2b\"></span>annuo <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>tassi <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>interesse, <span class=\"_ _2b\"></span>su <span class=\"_ _3\"></span>tutte <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>valute <span class=\"_ _2b\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>il <span class=\"_ _2b\"></span>debito <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>contratto,<span class=\"_ _0\"></span> pari <span class=\"_ _4\"></span>all\u20191%, <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>parit\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>altre <span class=\"_ _5\"></span>variabili<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>avrebbe <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>impatto <span class=\"_ _4\"></span>negativo <span class=\"_ _4\"></span>sull\u2019utile <span class=\"_ _4\"></span>ant<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>imposte <span class=\"_ _4\"></span>di 4,8 mil<span class=\"_ _0\"></span>ioni di<span class=\"_ _0\"></span> Euro<span class=\"ls9\">. </span>Un <span class=\"_ _0\"></span>decremen<span class=\"_ _0\"></span>to dei <span class=\"_ _0\"></span>tassi di <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>ressi dell<span class=\"_ _0\"></span>o stesso li<span class=\"_ _0\"></span>vello avrebbe<span class=\"_ _0\"></span> avuto <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> corrispondente impa<span class=\"_ _0\"></span>tto posi<span class=\"_ _0\"></span>tivo. Rischio di variazione di fair value degli investimenti in strumenti di capitale<span class=\"_ _1\"></span> In <span class=\"_ _17\"></span>relazione <span class=\"_ _17\"></span>al <span class=\"_ _17\"> </span><span class=\"ff7\">rischio <span class=\"_ _19\"></span>di <span class=\"_ _17\"></span>variazioni <span class=\"_ _17\"></span>del <span class=\"_ _17\"></span>fair <span class=\"_ _17\"></span>value <span class=\"_ _19\"> </span>degli <span class=\"_ _17\"></span>investimenti <span class=\"_ _17\"></span>in <span class=\"_ _17\"></span>strumenti <span class=\"_ _17\"></span>di </span>capitale<span class=\"ff2\">, <span class=\"_ _17\"></span>viene <span class=\"_ _17\"></span><span class=\"ff6\">svolta <span class=\"_ _17\"> </span>un\u2019attivit\u00e0 <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>monitoraggio <span class=\"_ _17\"> </span>del</span>le <span class=\"_ _19\"> </span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>corso <span class=\"_ _19\"> </span>dei <span class=\"_ _19\"> </span>t<span class=\"_ _1\"></span>itoli <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>per </span>questa <span class=\"_ _19\"> </span>finalit\u00e0 <span class=\"_ _19\"> </span>vengo<span class=\"_ _1\"></span>no <span class=\"_ _19\"> </span>costantement<span class=\"_ _1\"></span>e <span class=\"_ _17\"> </span>ri<span class=\"_ _1\"></span>levati <span class=\"_ _19\"> </span>gli <span class=\"_ _19\"> </span>andament<span class=\"_ _1\"></span>i <span class=\"_ _17\"> </span>del<span class=\"_ _1\"></span>le <span class=\"_ _17\"> </span>qu<span class=\"_ _1\"></span>otazion<span class=\"_ _1\"></span>i <span class=\"_ _17\"></span>dei <span class=\"_ _19\"> </span>titol<span class=\"_ _1\"></span>i <span class=\"_ _17\"> </span>in portafog<span class=\"_ _1\"></span>lio. <span class=\"_ _17\"></span>Sulla <span class=\"_ _17\"> </span>base <span class=\"_ _19\"> </span>dei <span class=\"_ _17\"> </span>dat<span class=\"_ _1\"></span>i <span class=\"_ _17\"></span>racco<span class=\"_ _1\"></span>lti <span class=\"_ _17\"></span>vengon<span class=\"_ _1\"></span>o <span class=\"_ _17\"></span>definite <span class=\"_ _19\"> </span>le <span class=\"_ _17\"></span>polit<span class=\"_ _1\"></span>iche <span class=\"_ _17\"></span>di <span class=\"_ _19\"> </span>investimen<span class=\"_ _4\"></span>to <span class=\"_ _19\"> </span>e <span class=\"_ _17\"></span>di disinvestime<span class=\"_ _1\"></span>nto con <span class=\"_ _0\"></span>l\u2019obiett<span class=\"_ _1\"></span>ivo di <span class=\"_ _0\"></span>ottimizzare i flussi finanziari nel <span class=\"_ _0\"></span>medio e <span class=\"_ _0\"></span>nel lungo <span class=\"_ _0\"></span>periodo,<span class=\"_ _1\"></span> anche <span class=\"_ _0\"></span>tenendo conto <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>distribuz<span class=\"_ _1\"></span>ione <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>divid<span class=\"_ _1\"></span>endi <span class=\"_ _0\"></span>delle azioni <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>p<span class=\"_ _1\"></span>ortaf<span class=\"_ _1\"></span>oglio. Le <span class=\"_ _3\"></span>strat<span class=\"_ _1\"></span>egie di <span class=\"_ _13\"> </span>invest<span class=\"_ _1\"></span>imento <span class=\"_ _21\"> </span>e <span class=\"_ _13\"> </span>di<span class=\"_ _1\"></span>sinvestimento <span class=\"_ _21\"> </span>del<span class=\"_ _1\"></span>le <span class=\"_ _13\"> </span>part<span class=\"_ _1\"></span>ecipazi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span> <span class=\"_ _13\"> </span>az<span class=\"_ _1\"></span>ionarie <span class=\"_ _13\"> </span>v<span class=\"_ _1\"></span>engono <span class=\"_ _13\"> </span>st<span class=\"_ _1\"></span>udiate nell\u2019amb<span class=\"_ _1\"></span>ito anche d<span class=\"_ _1\"></span>i una div<span class=\"_ _1\"></span>ersificazio<span class=\"_ _1\"></span>ne del ri<span class=\"_ _1\"></span>schio. <span class=\"_ _4\"></span><span class=\"ff2\"> </span>Rischio di variazione di fair value degli investimenti immobiliari Gl<span class=\"_ _3\"></span>i <span class=\"_ _4\"></span>in<span class=\"_ _3\"></span>ve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>i<span class=\"_ _0\"></span>mm<span class=\"_ _3\"></span>obi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>ru<span class=\"_ _3\"></span>ppo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>so<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>fa<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>ue<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>r<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>ati<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>va<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>i so<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _17\"></span>co<span class=\"_ _3\"></span>nta<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span>zza<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _17\"></span>a <span class=\"_ _a\"></span>Co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>E<span class=\"_ _0\"></span>co<span class=\"_ _3\"></span>nom<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _17\"></span><span class=\"ff6\">Il<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>Gru<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>mo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ra<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>co<span class=\"_ _3\"></span>sta<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>l\u2019<span class=\"_ _3\"></span>an<span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> </span>me<span class=\"_ _3\"></span>rca<span class=\"_ _3\"></span>to<span class=\"_ _0\"></span>, <span class=\"_ _b\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _b\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fe<span class=\"_ _3\"></span>rim<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _b\"> </span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rc<span class=\"_ _3\"></span>at<span class=\"_ _0\"></span>o <span class=\"_ _b\"> </span>re<span class=\"_ _3\"></span>sid<span class=\"_ _3\"></span>enz<span class=\"_ _3\"></span>ial<span class=\"_ _0\"></span>e <span class=\"_ _b\"> </span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span>ano<span class=\"_ _3\"></span> <span class=\"_\"> </span>ed<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>in<span class=\"_ _3\"></span> <span class=\"_\"> </span>pa<span class=\"_ _3\"></span>rti<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ol<span class=\"_ _3\"></span>are<span class=\"_ _0\"></span> <span class=\"_\"> </span>q<span class=\"_ _3\"></span>uel<span class=\"_ _3\"></span>lo <span class=\"_ _b\"> </span>r<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>; n<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>os<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>l\u2019<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>ce<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>z<span class=\"_ _0\"></span>za<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>sc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>rio<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>ma<span class=\"_ _3\"></span>cro<span class=\"_ _3\"></span>eco<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mi<span class=\"_ _3\"></span>co<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>gl<span class=\"_ _0\"></span>ob<span class=\"_ _3\"></span>ale<span class=\"_ _3\"></span>, <span class=\"_ _17\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>me<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>i<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>bi<span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _a\"> </span>e,<span class=\"ff2\"> <span class=\"_ _17\"></span>i<span class=\"_ _0\"></span>n </span>p<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>tic<span class=\"_ _3\"></span>ola<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>il<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>ide<span class=\"_ _3\"></span>nzi<span class=\"_ _3\"></span>ale<span class=\"_ _3\"></span> i<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>cu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ra<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Gr<span class=\"_ _0\"></span>up<span class=\"_ _3\"></span>po<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>\u00e8<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>mo<span class=\"_ _3\"></span>str<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>re<span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>lie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ha<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>sp<span class=\"_ _3\"></span>res<span class=\"_ _3\"></span>so u<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span> ma<span class=\"_ _3\"></span>ggi<span class=\"_ _3\"></span>ore<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ic<span class=\"_ _3\"></span>it\u00e0<span class=\"_ _3\"></span> su<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>la <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ca<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>ne<span class=\"_ _0\"></span>. Rischio di prezzo delle materie prime Il<span class=\"_ _3\"></span> Gru<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> \u00e8<span class=\"_ _0\"></span> es<span class=\"_ _3\"></span>po<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o al<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> os<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>il<span class=\"_ _3\"></span>laz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ni<span class=\"_ _3\"></span> del<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>zz<span class=\"_ _0\"></span>o d<span class=\"_ _3\"></span>ell<span class=\"_ _0\"></span>e m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _3\"></span>e p<span class=\"_ _0\"></span>ri<span class=\"_ _3\"></span>me;<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>ta<span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> ri<span class=\"_ _3\"></span>sch<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>\u00e8<span class=\"_ _0\"></span> ge<span class=\"_ _3\"></span>sti<span class=\"_ _3\"></span>to<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ve<span class=\"_ _3\"></span>rso<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ni<span class=\"_ _3\"></span>tur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> sog<span class=\"_ _3\"></span>get<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> es<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span> a con<span class=\"_ _3\"></span>diz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ni<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>di<span class=\"_ _0\"></span> pr<span class=\"_ _0\"></span>ez<span class=\"_ _3\"></span>zo<span class=\"_ _0\"></span> e di<span class=\"_ _0\"></span> qua<span class=\"_ _3\"></span>nti<span class=\"_ _3\"></span>t\u00e0 d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ni<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span> u<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cir<span class=\"_ _3\"></span>ca <span class=\"_ _3\"></span>6-<span class=\"_ _0\"></span><span class=\"ls16\">12<span class=\"ls0\"> <span class=\"_ _0\"></span><span class=\"ff6\">m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>, <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l\u2019a<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ig<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span>am<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span><span class=\"ff2\">nt<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>sso<span class=\"_ _3\"></span> f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ni<span class=\"_ _3\"></span>tor<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dis<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e </span></span></span></span>g<span class=\"_ _0\"></span>eo<span class=\"_ _3\"></span>gr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>di<span class=\"_ _3\"></span>ffe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>in<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>mo<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>da<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>re <span class=\"_ _4\"></span>i <span class=\"_ _1\"></span>ris<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>co<span class=\"_ _3\"></span>nn<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>ad<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>un\u2019<span class=\"_ _3\"></span>ec<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>siv<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce<span class=\"_ _3\"></span>ntr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>one<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span> ed<span class=\"_ _3\"></span> al<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ne<span class=\"_ _3\"></span>re<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re<span class=\"_ _3\"></span> a<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>zzi<span class=\"_ _3\"></span> ma<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>enz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i.<span class=\"ff2\"> </span>Inoltre, <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>G<span class=\"_ _1\"></span>ruppo <span class=\"_ _a\"></span>utilizza <span class=\"_ _a\"></span>strumenti <span class=\"_ _a\"></span>d<span class=\"_ _1\"></span>erivati <span class=\"_ _a\"></span>per <span class=\"_ _17\"></span>coprire <span class=\"_ _a\"></span>il <span class=\"_ _17\"></span>rischio <span class=\"_ _a\"></span>di <span class=\"_ _17\"></span>oscillazion<span class=\"_ _0\"></span>e <span class=\"_ _17\"></span>dei prezzi di mercato<span class=\"_ _0\"></span>. Rischio ambiente e sicurezza Le aree di rischio relative alla tutela della sicurezza e della salute dei lavoratori sono gestite nel rigoroso<span class=\"_ _0\"></span> rispetto del<span class=\"_ _0\"></span>le norme di legge<span class=\"_ _0\"></span> e regolamen<span class=\"_ _0\"></span>tari.  Relativamente<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>Covid <span class=\"_ _5\"></span>19, <span class=\"_ _17\"></span>le <span class=\"_ _a\"></span>Societ\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>Gruppo, <span class=\"_ _5\"></span>superata <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>fase <span class=\"_ _a\"></span>em<span class=\"_ _0\"></span>ergenziale, <span class=\"_ _a\"></span>hanno<span class=\"_ _0\"></span> continuato <span class=\"_ _0\"></span>a po<span class=\"_ _0\"></span>rre i<span class=\"_ _0\"></span>n ess<span class=\"_ _0\"></span>ere azi<span class=\"_ _0\"></span>oni <span class=\"_ _0\"></span>volte <span class=\"_ _0\"></span>principalmente <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>assicura<span class=\"_ _0\"></span>re l<span class=\"_ _0\"></span>a c<span class=\"_ _0\"></span>ontinuit\u00e0 <span class=\"_ _0\"></span>operativa<span class=\"_ _0\"></span> garantendo <span class=\"_ _14\"> </span>la <span class=\"_ _16\"> </span>piena <span class=\"_ _14\"> </span>tutela <span class=\"_ _16\"> </span>della <span class=\"_ _14\"> </span>salute <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>la <span class=\"_ _14\"> </span>sicurezza <span class=\"_ _14\"> </span>dei <span class=\"_ _14\"> </span>lavoratori. <span class=\"_ _14\"> </span>L<span class=\"ls2\">e <span class=\"_ _14\"> </span></span>Societ\u00e0 <span class=\"_ _14\"> </span>hanno elaborato <span class=\"_ _9\"> </span>protocol<span class=\"_ _0\"></span>li <span class=\"_ _9\"> </span>ad <span class=\"_ _9\"> </span>hoc <span class=\"_ _9\"> </span>che <span class=\"_ _8\"> </span>contengono <span class=\"_ _9\"> </span>le <span class=\"_ _9\"> </span>indicazion<span class=\"_ _0\"></span>i <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>gestire <span class=\"_ _9\"> </span>l\u2019opera<span class=\"_ _0\"></span>tivit\u00e0, assicurando <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>piena <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>utel<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>della <span class=\"_ _5\"></span>salute <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>persone <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>linea <span class=\"_ _5\"></span>con <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>indicazi<span class=\"_ _0\"></span>oni <span class=\"_ _4\"></span>fornite <span class=\"_ _4\"></span>dal Governo.  38.<span class=\"ls0\"> <span class=\"_ _0\"></span>Fatti di ril<span class=\"_ _0\"></span>ievo avvenut<span class=\"_ _0\"></span>i dopo la chiusu<span class=\"_ _0\"></span>ra <span class=\"ff12\">dell\u2019eserciz<span class=\"_ _0\"></span>io<span class=\"ffb\"> </span></span></span>Non sono intervenu<span class=\"_ _0\"></span>ti fatti di ril<span class=\"_ _0\"></span>ievo successi<span class=\"_ _0\"></span>vi alla chiusura dell<span class=\"_ _0\"></span>\u2019esercizio.<span class=\"ff2\"> </span>ELENCO DELL<span class=\"_ _0\"></span>E PARTEC<span class=\"_ _0\"></span>IPAZIONI AL 31<span class=\"_ _0\"></span>.12.<span class=\"lsd\">20<span class=\"_ _1\"></span></span>22  DENOMINAZIONE<span class=\"_ _0\"></span>  TIPO POSSES<span class=\"_ _0\"></span>SO SEDE VALUTCAPITALE  DIRETTLEGALE A SOCIALE O <span class=\"ls0\"> </span>INDIRETTO %   <span class=\"ls0\">TRAMI<span class=\"_ _0\"></span>TE </span>% IMPRESE INCLUSE NEL CONSOLIDAMENTO CON IL METODO INTEGRALE<span class=\"ff2\"> </span> CALTAGIRONE EDITORE SPA ITALIA 125.000.000 EUR - PARTED 1982 SRL 35,564% CEMENTIR HOLDING NV OLANDA 159.120.000 EUR 14,329% CALT 2004 SRL 30,103% CAPITOLIUM SRL 1,634% VIANINI SPA ITALIA 30.105.387 EUR 54,141% CAPITOLIUM SRL 26,167% AALBORG CEMENT COMPANY INC USA 1.000 USD - AALBORG PORTLAND US INC. 100,00% AALBORG PORTLAND HOLDING AALBORG PORTLAND A/S (ex NEWAAP A/S) DANIMARCA 100.000.000 DKK A/S 100,000% AALBORG PORTLAND HOLDING A/S DANIMARCA 300.000.000 DKK - CEMENTIR ESPANA S.L. 75,00% GLOBO CEM S.L. 25,00% AALBORG PORTLAND MALAYSIA AALBORG PORTLAND AUSTRALIA  PtyLtd AUSTRALIA 1.000 AUD - Sdn Bhd 100,00% AALBORG PORTLAND BELGIUM SA BELGIO 500.000 EUR - AALBORG PORTLAND A/S 99,9998% AALBORG PORTLAND HOLDING A/S 0,0002% AALBORG PORTLAND HOLDING AALBORG PORTLAND DIGITAL SRL ITALIA 500.000 EUR A/S 100,000% AALBORG PORTLAND HOLDING AALBORG PORTLAND ESPANA SL  SPAGNA 3.004 EUR A/S 100,000% 100,0000AALBORG PORTLAND FRANCE SAS FRANCIA 10.010  EUR AALBORG PORTLAND A/S % AALBORG PORTLAND ISLANDI EHF ISLANDA 303.000.000 ISK - AALBORG PORTLAND A/S 100,00% AALBORG PORTLAND HOLDING AALBORG PORTLAND MALAYSIA Sdn Bhd MALESIA 95.400.000 MYR - A/S 70,00% AALBORG PORTLAND OOO  RUSSIA 14.700.000 RUB<span class=\"ls0\"> </span>- AALBORG PORTLAND A/S 99,90% AALBORG PORTLAND HOLDING A/S 0,10% AALBORG PORTLAND POLSKA SPZOO POLONIA 100.000 PLN - AALBORG PORTLAND A/S 100,00% AALBORG PORTLAND HOLDING AALBORG PORTLAND US INC USA 1.000 USD - A/S 100,00% AALBORG PORTLAND MALAYSIA AALBORG RESOURCES  Sdn Bhd MALESIA 2.543.972 MYR - Sdn Bhd 100,00% AALBORG PORTLAND HOLDING AALBORG PORTLAND ANQING, Co.Ltd. CINA 265.200.000 CNY<span class=\"ls0\"> </span>- A/S 100,00% AB SYDSTEN AB SVEZIA 15.000.000 SEK<span class=\"ls0\"> </span>- UNICON A/S 50,00% ALFACEM SRL ITALIA 1.010.000 EUR - CEMENTIR HOLDING NV 99,9999% SPARTAN HIVE SPA 0,0001% AVENTINA SRL ITALIA 3.720.000 EUR 99,999% MANTEGNA '87 SRL 0,001% 99,99999BASI 15 SRL ITALIA 400.000 EUR - CEMENTIR HOLDING NV 8%<span class=\"ls0\"> </span>0,000002ALFACEM SRL 5%<span class=\"ls0\"> </span>BUCCIMAZZA IND.WORKS CORP. ltd LIBERIA 130.000 LRD - VIANINI LAVORI SPA 100,00% CALT 2004 SRL ITALIA 10.000 EUR 99,99% CAPITOLIUM SRL 0,01% CAPITOLIUM SRL ITALIA 25.823.000 EUR 99,998% MANTEGNA '87 SRL 0,002% CED DIGITAL &amp; SERVIZI SRL ITALIA 100.000 EUR - CALTAGIRONE EDITORE SPA 99,990% FINCED SRL 0,01% CEMENTIR ESPANA S.L. SPAGNA 3.007 EUR - CEMENTIR HOLDING NV 100,00% CIMBETON AS TURCHIA 1.770.000  TRY - CIMENTAS AS 50,285% KARS CIMENTO AS 0,062% CIMENTAS  AS TURCHIA 87.112.463  TRY - AALBORG PORTLAND ESPANA SL 97,611% CIMBETON AS 0,117% KARS CIMENTO AS 0,480% AALBORG PORTLAND HOLDING Compagnie des Cimentes Belges Sa BELGIO 179.344.485  EUR - A/S 100,000% AALBORG PORTLAND A/S 0,000% Compagnie des Cimentes Belges France Sa FRANCIA 34.363.400  EUR - Compagnie des Cimentes Belges Sa 100,000% CORRIERE ADRIATICO SRL ITALIA 200.000 EUR - CALTAGIRONE EDITORE SPA 99,950% FINCED SRL 0,050% DESTEK AS TURCHIA 50.000 TRY - CIMENTAS AS 99,986% Domus Italia Spa ITALIA 20.000.000 EUR - VIANINI SPA 100,000% Domus Roma 15 Srl ITALIA 30.000 EUR - Domus Italia SpA 100,000% Ege K\u0131rmata\u015f Madencilik \u0130n\u015faat Lojistik San. ve Tic. A.\u015e. <span class=\"ff2\"> </span>TURCHIA 4.200.000 TRY - CIMENTAS AS 100,000% EVERTS BETONGPUMP &amp; ENTREPRENAD AB<span class=\"ls0\"> </span>SVEZIA 100.000 SEK<span class=\"ls0\"> </span>- AB SYDSTEN AB 100,00% FINCED SRL ITALIA 10.000 EUR - CALTAGIRONE EDITORE SPA 99,99% PIEMME SPA 0,01% GAETANO CACCIATORE LLC USA NA<span class=\"ls0\"> </span>USD - AALBORG CEMENT COMPANY INC 100,00% GLOBO CEM S.L. SPAGNA 3.007 EUR - ALFACEM SRL 100,00% IL GAZZETTINO SPA    ITALIA 200.000  EUR - CALTAGIRONE EDITORE SPA 99,9500% FINCED SRL 0,0500% IL MATTINO SPA ITALIA 500.000 EUR - CALTAGIRONE EDITORE SPA 99,95% FINCED SRL 0,050% IL MESSAGGERO SPA ITALIA 1.265.385 EUR - CALTAGIRONE EDITORE SPA 99,950% FINCED SRL 0,050% IMPRESE TIPOGRAFICHE VENETE SRL ITALIA 1.730.000 EUR IL GAZZETTINO SPA 54,10% CATLAGIRONE EDITORE SPA 45,90% KARS CIMENTO AS TURCHIA 3.000.000 TRY - CIMENTAS AS 41,545% ALFACEM  SRL 58,455% KUDSK &amp; DAHL A/S DANIMARCA 10.000.000 DKK - UNICON A/S 100,00% LEGGO SRL ITALIA 1.000.000 EUR - CALTAGIRONE EDITORE SPA 99,95% FINCED SRL 0,05% LEHIGH WHITE CEMENT COMPANY J.V. USA N/A USD - AALBORG CEMENT COMPANY INC 24,52% WHITE CEMENT COMPANY LLC 38,73% MANTEGNA '87 SRL ITALIA 5.408.000 EUR 99,99% VIANINI LAVORI SPA 0,01% GRAN NEALES WASTE MANAGEMENT LIMITED BRETAGNA 100.000 GBP - NWM HOLDINGS LTD 100,000% GRAN NWM HOLDINGS LTD BRETAGNA 5.000.001 GBP - RECYDIA AS 100,000% PARTED 1982 SRL ITALIA 103.300 EUR 99,95% MANTEGNA '87 SRL 0,050% PIEMME SPA ITALIA 91.710 EUR - CALTAGIRONE EDITORE SPA 100,00% FINCED SRL 0,00% P.I.M.  PUBBLICITA' ITALIANA MULTIMEDIA SRL ITALIA 1.800.000 EUR - IL GAZZETTINO  SPA 58,00% CALTAGIRONE EDITORE SPA 42,00% GRAN QUERCIA LIMITED BRETAGNA 5.000.100 GBP - NWM HOLDINGS LTD 100,00% QUOTIDIANO DI PUGLIA SRL ITALIA 50.000 EUR - CALTAGIRONE EDITORE SPA 99,950% FINCED SRL 0,050% RECYDIA ATIK YONETIMI AS TURCHIA 551.544.061  TRY - CIMENTAS AS 23,720% AALBORG PORTLAND A/S 8,887% KARS CIMENTO AS 67,390% SERVIZI ITALIA 15 SRL ITALIA 100.000  EUR - CALTAGIRONE EDITORE SPA 99,9500% FINCED SRL 0,05% SINAI WHITE PORTLAND CEMENT AALBORG PORTLAND HOLDING COMPANY SAE EGITTO 350.000.000 EGP - A/S 71,11% SKANE GRUS AB SVEZIA 1.000.000 SEK<span class=\"ls0\"> </span>- AB SYDSTEN AB 60,00% SOC.ITALIANA METROPOLITANE S.I.M.E. SRL ITALIA 121.500 EUR - VIANINI LAVORI SPA 99,889% VIAPAR SRL 0,111% Societ\u00e8 des Carrieres du Tournaisis Sa BELGIO 12.297.053 EUR - Compagnie des Cimentes Belges Sa 65,00% SPARTAN HIVE SPA ITALIA 300.000 EUR - Aalborg Portland Holding A/S 100,000% STAMPA NAPOLI 2015 SRL ITALIA 10.000 EUR - CALTAGIRONE EDITORE SPA 99,9500% FINCED SRL 0,05% STAMPA ROMA 2015 SRL ITALIA 10.000 EUR - CALTAGIRONE EDITORE SPA 99,9500% FINCED SRL 0,05% STAMPA VENEZIA SRL ITALIA 2.267.000 EUR - IL GAZZETTINO SpA 25,01% CALTAGIRONE EDITORE SPA 74,99% SUREKO AS TURCHIA 43.443.679  TRY - RECYDIA AS 100,000% 100,0000SVIM 15 SRL ITALIA 400.000 EUR - CEMENTIR HOLDING NV % ALFACEM SRL 0,0000% AALBORG PORTLAND HOLDING UNICON A/S DANIMARCA 150.000.000 DKK - A/S 100,00% UNICON AS NORVEGIA 13.289.100 NOK - UNICON A/S 100,00% VIANCO SRL ITALIA 20.000 EUR - VIANINI LAVORI SPA 100,000% VIANINI ENERGIA SRL ITALIA 10.000  EUR - VIANINI SPA 99,990% IND 2004 SRL 0,010% VIANINI LAVORI SPA ITALIA 43.797.507 EUR 50,045% CAPITOLIUM SRL 6,426% VIANINI PIPE INC USA 4.483.396 USD - AALBORG PORTLAND US INC 99,99% VIAPAR SRL ITALIA 10.000 EUR - VIANINI LAVORI SPA 100,00% WHITE CEMENT COMPANY LLC USA N/A USD - AALBORG CEMENT COMPANY INC 100,00% PARTECIPAZIONI VALUTATE CON IL METODO DEL PATRIMONIO NETTO<span class=\"ff2\"> </span> ACQUA CAMPANIA SPA ITALIA 4.950.000 EUR - VIANINI LAVORI SPA 47,897% AGAB Syd  Aktiebolag AB SVEZIA 500.000  SEK<span class=\"ls0\"> </span>- AB SYDSTEN AB 40,000% CAPOSELE SCARL ITALIA 20.000 EUR - VIANINI LAVORI SPA  41,050% CONSORZIO CO.MA.VI.  ITALIA 1.020.000 EUR - VIANINI LAVORI SPA  28,000% CONSORZIO ETERIA ITALIA 550.000 EUR - VIANINI LAVORI SPA  40,910% CONSORZIO SALINE JONICHE ITALIA 15.300 EUR - VIANINI LAVORI SPA  31,000% ECOL UNICON  Sp. Z o.o. POLONIA 1.000.000 PLN - UNICON A/S 49,00% EUROSTAZIONI SPA  ITALIA 16.000.000 EUR - VIANINI LAVORI SPA 32,71% GRANDI STAZIONI IMMOBILIARE SPA ITALIA 4.000.000 EUR - EUROSTAZIONI SPA 40,00% METRO B SRL ITALIA 20.000.000 EUR - VIANINI LAVORI SPA 45,01% METRO C scpa ITALIA 150.000.000 EUR - VIANINI LAVORI SPA  34,500% METROTEC scarl ITALIA 50.000 EUR - VIANINI LAVORI SPA  46,426% N.P.F.-NUOVO POLO FIERISTICO scarl in liquidazione ITALIA 40.000 EUR - VIANINI LAVORI SPA  25,00% OBRAS Y FIRMES ESPECIALES OFESA SA SPAGNA 120.200 EUR - AVENTINA SPA 45,00% RIVIERA SCARL ITALIA 50.000  EUR - VIANINI LAVORI SPA 25,16% SAT LAVORI scarl ITALIA 100.000 EUR - VIANINI LAVORI SPA  34,65% SUD EST scarl ITALIA 30.600 EUR - VIANINI LAVORI SPA  34,00% SUDMETRO Scarl ITALIA 50.000 EUR - VIANINI LAVORI SPA  23,16% TOR VERGATA scarl ITALIA 30.600 EUR - VIANINI LAVORI SPA  33,23% TORRE BLANCA DEL SOL SA SPAGNA 1.202.000 EUR - AVENTINA SPA 30,00% ALTRE PARTECIPAZIONI IN CONSORZI O SOCIETA' CONSORTILI CONTROLLATI  CONSORZIO VIANINI PORTO TORRE ITALIA 25.500 EUR - VIANINI LAVORI SPA  75,00% METRO FC SCARL ITALIA 20.000 EUR - VIANINI LAVORI SPA 70,00% S.E.D.E.C. sae in liquidazione EGITTO 75.000 EGP - VIANINI LAVORI SPA 100,00% SIDRICA Scarl ITALIA 20.000 EUR - VIANINI LAVORI SPA 80,00% ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__14": {
   "value": "Caltagirone SpA",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__13": {
   "value": "Caltagirone SpA",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__6": {
   "value": "Caltagirone SpA",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__8": {
   "value": "societ\u00e0 per azioni",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__12": {
   "value": "nei settori del cemento, dell\u2019editoria, dei grandi lavori e immobiliare",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__7": {
   "value": "Roma (Italia)",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__11": {
   "value": "Roma",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__9": {
   "value": "Italia",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__10": {
   "value": "Via Barberini n. 28",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__17": {
   "value": "Conformit\u00e0 ai principi contabili IFRS/IAS Il <span class=\"_ _4\"></span>bilancio <span class=\"_ _4\"></span>consoli<span class=\"_ _0\"></span>dato <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>31 <span class=\"_ _4\"></span>dicembre <span class=\"_ _4\"></span>2022, <span class=\"_ _4\"></span>redat<span class=\"_ _0\"></span>to <span class=\"_ _4\"></span>sul <span class=\"_ _4\"></span>presupposto<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>continuit\u00e0 aziendale <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Capogruppo <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>imprese <span class=\"_ _0\"></span>controll<span class=\"_ _0\"></span>ate, <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _0\"></span>predispos<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>ai <span class=\"_ _0\"></span>sensi <span class=\"_ _3\"></span>degli <span class=\"_ _3\"></span>art. 2 <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>3 <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>D.Lgs <span class=\"_ _5\"></span>38/2005 <span class=\"_ _5\"></span>ed <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>conformit\u00e0 <span class=\"_ _5\"></span>agli <span class=\"_ _a\"></span>Int<span class=\"_ _0\"></span>ernational <span class=\"_ _5\"></span>Financial <span class=\"_ _5\"></span>Reporting <span class=\"_ _5\"></span>Standards (IFRS), <span class=\"_ _a\"></span>alle <span class=\"_ _a\"></span>interpre<span class=\"_ _0\"></span>tazion<span class=\"ff6\">i <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _0\"></span>International <span class=\"_ _a\"></span>Financi<span class=\"_ _0\"></span>al <span class=\"_ _a\"></span>Reporting <span class=\"_ _5\"></span>I<span class=\"_ _1\"></span>nterpret<span class=\"_ _0\"></span>ations <span class=\"_ _a\"></span>Committee </span>(IFRIC) <span class=\"_ _14\"> </span>e <span class=\"_ _16\"> </span>dello <span class=\"_ _14\"> </span>Standing <span class=\"_ _16\"> </span>Interpretations <span class=\"_ _16\"> </span>Committee <span class=\"_ _16\"> </span>(SIC), <span class=\"_ _14\"> </span>omologati <span class=\"_ _16\"> </span>dalla <span class=\"_ _16\"> </span>Commissione Europea <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>vigore <span class=\"_ _16\"> </span>alla <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>bilancio, <span class=\"_ _16\"> </span>nonch\u00e9 <span class=\"_ _16\"> </span>ai <span class=\"_ _16\"> </span>precedenti <span class=\"_ _16\"> </span>International<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>Accounting Standard <span class=\"_ _4\"></span>(IAS)<span class=\"ff6\">. <span class=\"_ _4\"></span>Per <span class=\"_ _4\"></span>semplicit\u00e0 <span class=\"_ _4\"></span>l\u2019insieme <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>tutti <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>principi <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>interpreta<span class=\"_ _0\"></span>zioni <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>seguito </span>definito con \u201cIFR<span class=\"_ _0\"></span>S\u201d. <span class=\"ff2\"> </span>Nella <span class=\"_ _a\"></span>predisposizione <span class=\"_ _17\"> </span>del <span class=\"_ _17\"></span>presente <span class=\"_ _17\"> </span>documento <span class=\"_ _a\"></span>si <span class=\"_ _17\"> </span>\u00e8 <span class=\"_ _19\"> </span>tenuto <span class=\"_ _17\"></span>conto <span class=\"_ _17\"></span>delle <span class=\"_ _a\"></span>disposizioni dell\u2019articol<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>9 <span class=\"_ _3\"></span>del <span class=\"_ _0\"></span>dec<span class=\"_ _0\"></span>reto <span class=\"_ _3\"></span>legisl<span class=\"_ _0\"></span>ativo <span class=\"_ _3\"></span>28 <span class=\"_ _3\"></span>febbraio <span class=\"_ _3\"></span>2005 <span class=\"_ _3\"></span>n.38, <span class=\"_ _3\"></span>delle<span class=\"ff2\"> <span class=\"_ _3\"></span>disposizioni <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>codice <span class=\"_ _3\"></span>civile,<span class=\"_ _0\"></span> </span>delle Deli<span class=\"_ _0\"></span>bere CONSOB n. 15519<span class=\"_ _0\"></span> (\u201cDisposizi<span class=\"_ _0\"></span>oni in materia di<span class=\"_ _0\"></span> schemi di bil<span class=\"_ _0\"></span>ancio da emanare<span class=\"_ _0\"></span> in <span class=\"_ _1e\"> </span>attuazione <span class=\"_ _1e\"> </span>dell<span class=\"_ _0\"></span>\u2019art. <span class=\"_ _1e\"> </span>9, <span class=\"_ _1e\"> </span>comma <span class=\"_ _1e\"> </span>3, <span class=\"_ _1e\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>decreto <span class=\"_ _1e\"> </span>legisl<span class=\"_ _0\"></span>ativo <span class=\"_ _1e\"> </span>n. <span class=\"_ _1e\"> </span>38/2005\u201d) <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>n. <span class=\"_ _1e\"> </span>1552<span class=\"_ _0\"></span>0 (\u201cModificazioni<span class=\"_ _0\"></span> <span class=\"_\"> </span>ed <span class=\"_ _b\"> </span>integrazi<span class=\"_ _0\"></span>oni <span class=\"_\"> </span>al<span class=\"_ _0\"></span> <span class=\"_\"> </span>regolamento <span class=\"_ _b\"> </span>re<span class=\"ff2\">cante <span class=\"_\"> </span>nor<span class=\"_ _0\"></span>me <span class=\"_\"> </span>di <span class=\"_ _b\"> </span>attuaz<span class=\"_ _0\"></span>ione <span class=\"_ _b\"> </span>del <span class=\"_\"> </span>de<span class=\"_ _0\"></span>creto </span>legislativo n. <span class=\"_ _1\"></span>58/1998\u201d)<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>entrambe del 27 <span class=\"_ _1\"></span>luglio 2006, <span class=\"_ _1\"></span>nonch\u00e9 della comunicazione CONSOB n. <span class=\"_ _17\"> </span>DEM/6064293<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>del <span class=\"_ _a\"></span>28 <span class=\"_ _17\"> </span>luglio <span class=\"_ _a\"></span>2006 <span class=\"_ _17\"> </span>(\u201cInformativ<span class=\"_ _0\"></span>a <span class=\"_ _17\"> </span>societaria <span class=\"_ _a\"></span>degli <span class=\"_ _17\"> </span>emitte<span class=\"_ _0\"></span>nti <span class=\"_ _17\"> </span>quotati <span class=\"_ _a\"></span>e <span class=\"_ _17\"> </span>degli emittenti aventi s<span class=\"_ _0\"></span>trumenti finanzi<span class=\"_ _0\"></span>ari d<span class=\"ff6\">iffusi tra il pu<span class=\"_ _0\"></span>bblico di<span class=\"_ _0\"></span> cui all\u2019art. 116 del<span class=\"_ _0\"></span> TUF\u201d).<span class=\"ff2\"> </span></span>Si segnala, inoltre, che a partire dal<span class=\"_ _1\"></span><span class=\"ff6\">l\u2019esercizio 2022, l\u2019economica turca<span class=\"_ _0\"></span> \u00e8 <span class=\"_ _1\"></span>considerata<span class=\"_ _0\"></span> </span>iperinflazionata <span class=\"_\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_\"> </span>base <span class=\"_ _b\"> </span>ai <span class=\"_\"> </span>criteri <span class=\"_ _b\"> </span>stabiliti <span class=\"_\"> </span>dal<span class=\"_ _0\"></span>lo <span class=\"_\"> </span>\u201cIAS <span class=\"_\"> </span>29 <span class=\"_\"> </span>\u2013<span class=\"ff2\"> <span class=\"_\"> </span>Rendi<span class=\"_ _0\"></span>contazione <span class=\"_\"> </span>con<span class=\"_ _0\"></span>tabile <span class=\"_\"> </span>in<span class=\"_ _0\"></span> </span>economie <span class=\"ff6\">iperinflazi<span class=\"_ _0\"></span>onate\u201d.<span class=\"ff2\"> </span></span>Gli <span class=\"_ _8\"> </span>effetti <span class=\"_ _8\"> </span>contabili <span class=\"_ _8\"> </span>derivanti <span class=\"_ _8\"> </span>dall\u2019appli<span class=\"_ _0\"></span>cazione <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>t<span class=\"_ _1\"></span>ale <span class=\"_ _8\"> </span>principio <span class=\"_ _9\"> </span><span class=\"ff2\">sulla <span class=\"_ _8\"> </span>relazione<span class=\"_ _0\"></span> </span>finanziaria annuale<span class=\"_ _0\"></span> <span class=\"ff6\">sono riportati nel parag<span class=\"_ _0\"></span>rafo \u201c<span class=\"ff2\">Turchia </span>\u2013<span class=\"ff2\"> economi<span class=\"_ _0\"></span>a iperinflazi<span class=\"_ _0\"></span>onata: impatti<span class=\"_ _0\"></span> </span></span>per l\u2019applicazi<span class=\"_ _0\"></span>one dello IAS<span class=\"_ _0\"></span> 29<span class=\"ls10\">\u201d.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__16": {
   "value": "Conformit\u00e0 ai principi contabili IFRS/IAS Il <span class=\"_ _4\"></span>bilancio <span class=\"_ _4\"></span>consoli<span class=\"_ _0\"></span>dato <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>31 <span class=\"_ _4\"></span>dicembre <span class=\"_ _4\"></span>2022, <span class=\"_ _4\"></span>redat<span class=\"_ _0\"></span>to <span class=\"_ _4\"></span>sul <span class=\"_ _4\"></span>presupposto<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>continuit\u00e0 aziendale <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Capogruppo <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>imprese <span class=\"_ _0\"></span>controll<span class=\"_ _0\"></span>ate, <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _0\"></span>predispos<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>ai <span class=\"_ _0\"></span>sensi <span class=\"_ _3\"></span>degli <span class=\"_ _3\"></span>art. 2 <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>3 <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>D.Lgs <span class=\"_ _5\"></span>38/2005 <span class=\"_ _5\"></span>ed <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>conformit\u00e0 <span class=\"_ _5\"></span>agli <span class=\"_ _a\"></span>Int<span class=\"_ _0\"></span>ernational <span class=\"_ _5\"></span>Financial <span class=\"_ _5\"></span>Reporting <span class=\"_ _5\"></span>Standards (IFRS), <span class=\"_ _a\"></span>alle <span class=\"_ _a\"></span>interpre<span class=\"_ _0\"></span>tazion<span class=\"ff6\">i <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _0\"></span>International <span class=\"_ _a\"></span>Financi<span class=\"_ _0\"></span>al <span class=\"_ _a\"></span>Reporting <span class=\"_ _5\"></span>I<span class=\"_ _1\"></span>nterpret<span class=\"_ _0\"></span>ations <span class=\"_ _a\"></span>Committee </span>(IFRIC) <span class=\"_ _14\"> </span>e <span class=\"_ _16\"> </span>dello <span class=\"_ _14\"> </span>Standing <span class=\"_ _16\"> </span>Interpretations <span class=\"_ _16\"> </span>Committee <span class=\"_ _16\"> </span>(SIC), <span class=\"_ _14\"> </span>omologati <span class=\"_ _16\"> </span>dalla <span class=\"_ _16\"> </span>Commissione Europea <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>vigore <span class=\"_ _16\"> </span>alla <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>bilancio, <span class=\"_ _16\"> </span>nonch\u00e9 <span class=\"_ _16\"> </span>ai <span class=\"_ _16\"> </span>precedenti <span class=\"_ _16\"> </span>International<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>Accounting Standard <span class=\"_ _4\"></span>(IAS)<span class=\"ff6\">. <span class=\"_ _4\"></span>Per <span class=\"_ _4\"></span>semplicit\u00e0 <span class=\"_ _4\"></span>l\u2019insieme <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>tutti <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>principi <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>interpreta<span class=\"_ _0\"></span>zioni <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>seguito </span>definito con \u201cIFR<span class=\"_ _0\"></span>S\u201d. <span class=\"ff2\"> </span>Nella <span class=\"_ _a\"></span>predisposizione <span class=\"_ _17\"> </span>del <span class=\"_ _17\"></span>presente <span class=\"_ _17\"> </span>documento <span class=\"_ _a\"></span>si <span class=\"_ _17\"> </span>\u00e8 <span class=\"_ _19\"> </span>tenuto <span class=\"_ _17\"></span>conto <span class=\"_ _17\"></span>delle <span class=\"_ _a\"></span>disposizioni dell\u2019articol<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>9 <span class=\"_ _3\"></span>del <span class=\"_ _0\"></span>dec<span class=\"_ _0\"></span>reto <span class=\"_ _3\"></span>legisl<span class=\"_ _0\"></span>ativo <span class=\"_ _3\"></span>28 <span class=\"_ _3\"></span>febbraio <span class=\"_ _3\"></span>2005 <span class=\"_ _3\"></span>n.38, <span class=\"_ _3\"></span>delle<span class=\"ff2\"> <span class=\"_ _3\"></span>disposizioni <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>codice <span class=\"_ _3\"></span>civile,<span class=\"_ _0\"></span> </span>delle Deli<span class=\"_ _0\"></span>bere CONSOB n. 15519<span class=\"_ _0\"></span> (\u201cDisposizi<span class=\"_ _0\"></span>oni in materia di<span class=\"_ _0\"></span> schemi di bil<span class=\"_ _0\"></span>ancio da emanare<span class=\"_ _0\"></span> in <span class=\"_ _1e\"> </span>attuazione <span class=\"_ _1e\"> </span>dell<span class=\"_ _0\"></span>\u2019art. <span class=\"_ _1e\"> </span>9, <span class=\"_ _1e\"> </span>comma <span class=\"_ _1e\"> </span>3, <span class=\"_ _1e\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>decreto <span class=\"_ _1e\"> </span>legisl<span class=\"_ _0\"></span>ativo <span class=\"_ _1e\"> </span>n. <span class=\"_ _1e\"> </span>38/2005\u201d) <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>n. <span class=\"_ _1e\"> </span>1552<span class=\"_ _0\"></span>0 (\u201cModificazioni<span class=\"_ _0\"></span> <span class=\"_\"> </span>ed <span class=\"_ _b\"> </span>integrazi<span class=\"_ _0\"></span>oni <span class=\"_\"> </span>al<span class=\"_ _0\"></span> <span class=\"_\"> </span>regolamento <span class=\"_ _b\"> </span>re<span class=\"ff2\">cante <span class=\"_\"> </span>nor<span class=\"_ _0\"></span>me <span class=\"_\"> </span>di <span class=\"_ _b\"> </span>attuaz<span class=\"_ _0\"></span>ione <span class=\"_ _b\"> </span>del <span class=\"_\"> </span>de<span class=\"_ _0\"></span>creto </span>legislativo n. <span class=\"_ _1\"></span>58/1998\u201d)<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>entrambe del 27 <span class=\"_ _1\"></span>luglio 2006, <span class=\"_ _1\"></span>nonch\u00e9 della comunicazione CONSOB n. <span class=\"_ _17\"> </span>DEM/6064293<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>del <span class=\"_ _a\"></span>28 <span class=\"_ _17\"> </span>luglio <span class=\"_ _a\"></span>2006 <span class=\"_ _17\"> </span>(\u201cInformativ<span class=\"_ _0\"></span>a <span class=\"_ _17\"> </span>societaria <span class=\"_ _a\"></span>degli <span class=\"_ _17\"> </span>emitte<span class=\"_ _0\"></span>nti <span class=\"_ _17\"> </span>quotati <span class=\"_ _a\"></span>e <span class=\"_ _17\"> </span>degli emittenti aventi s<span class=\"_ _0\"></span>trumenti finanzi<span class=\"_ _0\"></span>ari d<span class=\"ff6\">iffusi tra il pu<span class=\"_ _0\"></span>bblico di<span class=\"_ _0\"></span> cui all\u2019art. 116 del<span class=\"_ _0\"></span> TUF\u201d).<span class=\"ff2\"> </span></span>Si segnala, inoltre, che a partire dal<span class=\"_ _1\"></span><span class=\"ff6\">l\u2019esercizio 2022, l\u2019economica turca<span class=\"_ _0\"></span> \u00e8 <span class=\"_ _1\"></span>considerata<span class=\"_ _0\"></span> </span>iperinflazionata <span class=\"_\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_\"> </span>base <span class=\"_ _b\"> </span>ai <span class=\"_\"> </span>criteri <span class=\"_ _b\"> </span>stabiliti <span class=\"_\"> </span>dal<span class=\"_ _0\"></span>lo <span class=\"_\"> </span>\u201cIAS <span class=\"_\"> </span>29 <span class=\"_\"> </span>\u2013<span class=\"ff2\"> <span class=\"_\"> </span>Rendi<span class=\"_ _0\"></span>contazione <span class=\"_\"> </span>con<span class=\"_ _0\"></span>tabile <span class=\"_\"> </span>in<span class=\"_ _0\"></span> </span>economie <span class=\"ff6\">iperinflazi<span class=\"_ _0\"></span>onate\u201d.<span class=\"ff2\"> </span></span>Gli <span class=\"_ _8\"> </span>effetti <span class=\"_ _8\"> </span>contabili <span class=\"_ _8\"> </span>derivanti <span class=\"_ _8\"> </span>dall\u2019appli<span class=\"_ _0\"></span>cazione <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>t<span class=\"_ _1\"></span>ale <span class=\"_ _8\"> </span>principio <span class=\"_ _9\"> </span><span class=\"ff2\">sulla <span class=\"_ _8\"> </span>relazione<span class=\"_ _0\"></span> </span>finanziaria annuale<span class=\"_ _0\"></span> <span class=\"ff6\">sono riportati nel parag<span class=\"_ _0\"></span>rafo \u201c<span class=\"ff2\">Turchia </span>\u2013<span class=\"ff2\"> economi<span class=\"_ _0\"></span>a iperinflazi<span class=\"_ _0\"></span>onata: impatti<span class=\"_ _0\"></span> </span></span>per l\u2019applicazi<span class=\"_ _0\"></span>one dello IAS<span class=\"_ _0\"></span> 29<span class=\"ls10\">\u201d.</span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__15": {
   "value": "Conformit\u00e0 ai principi contabili IFRS/IAS Il <span class=\"_ _4\"></span>bilancio <span class=\"_ _4\"></span>consoli<span class=\"_ _0\"></span>dato <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>31 <span class=\"_ _4\"></span>dicembre <span class=\"_ _4\"></span>2022, <span class=\"_ _4\"></span>redat<span class=\"_ _0\"></span>to <span class=\"_ _4\"></span>sul <span class=\"_ _4\"></span>presupposto<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>continuit\u00e0 aziendale <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Capogruppo <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>imprese <span class=\"_ _0\"></span>controll<span class=\"_ _0\"></span>ate, <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _0\"></span>predispos<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>ai <span class=\"_ _0\"></span>sensi <span class=\"_ _3\"></span>degli <span class=\"_ _3\"></span>art. 2 <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>3 <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>D.Lgs <span class=\"_ _5\"></span>38/2005 <span class=\"_ _5\"></span>ed <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>conformit\u00e0 <span class=\"_ _5\"></span>agli <span class=\"_ _a\"></span>Int<span class=\"_ _0\"></span>ernational <span class=\"_ _5\"></span>Financial <span class=\"_ _5\"></span>Reporting <span class=\"_ _5\"></span>Standards (IFRS), <span class=\"_ _a\"></span>alle <span class=\"_ _a\"></span>interpre<span class=\"_ _0\"></span>tazion<span class=\"ff6\">i <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _0\"></span>International <span class=\"_ _a\"></span>Financi<span class=\"_ _0\"></span>al <span class=\"_ _a\"></span>Reporting <span class=\"_ _5\"></span>I<span class=\"_ _1\"></span>nterpret<span class=\"_ _0\"></span>ations <span class=\"_ _a\"></span>Committee </span>(IFRIC) <span class=\"_ _14\"> </span>e <span class=\"_ _16\"> </span>dello <span class=\"_ _14\"> </span>Standing <span class=\"_ _16\"> </span>Interpretations <span class=\"_ _16\"> </span>Committee <span class=\"_ _16\"> </span>(SIC), <span class=\"_ _14\"> </span>omologati <span class=\"_ _16\"> </span>dalla <span class=\"_ _16\"> </span>Commissione Europea <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>vigore <span class=\"_ _16\"> </span>alla <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>bilancio, <span class=\"_ _16\"> </span>nonch\u00e9 <span class=\"_ _16\"> </span>ai <span class=\"_ _16\"> </span>precedenti <span class=\"_ _16\"> </span>International<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>Accounting Standard <span class=\"_ _4\"></span>(IAS)<span class=\"ff6\">. <span class=\"_ _4\"></span>Per <span class=\"_ _4\"></span>semplicit\u00e0 <span class=\"_ _4\"></span>l\u2019insieme <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>tutti <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>principi <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>interpreta<span class=\"_ _0\"></span>zioni <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>seguito </span>definito con \u201cIFR<span class=\"_ _0\"></span>S\u201d. <span class=\"ff2\"> </span>Nella <span class=\"_ _a\"></span>predisposizione <span class=\"_ _17\"> </span>del <span class=\"_ _17\"></span>presente <span class=\"_ _17\"> </span>documento <span class=\"_ _a\"></span>si <span class=\"_ _17\"> </span>\u00e8 <span class=\"_ _19\"> </span>tenuto <span class=\"_ _17\"></span>conto <span class=\"_ _17\"></span>delle <span class=\"_ _a\"></span>disposizioni dell\u2019articol<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>9 <span class=\"_ _3\"></span>del <span class=\"_ _0\"></span>dec<span class=\"_ _0\"></span>reto <span class=\"_ _3\"></span>legisl<span class=\"_ _0\"></span>ativo <span class=\"_ _3\"></span>28 <span class=\"_ _3\"></span>febbraio <span class=\"_ _3\"></span>2005 <span class=\"_ _3\"></span>n.38, <span class=\"_ _3\"></span>delle<span class=\"ff2\"> <span class=\"_ _3\"></span>disposizioni <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>codice <span class=\"_ _3\"></span>civile,<span class=\"_ _0\"></span> </span>delle Deli<span class=\"_ _0\"></span>bere CONSOB n. 15519<span class=\"_ _0\"></span> (\u201cDisposizi<span class=\"_ _0\"></span>oni in materia di<span class=\"_ _0\"></span> schemi di bil<span class=\"_ _0\"></span>ancio da emanare<span class=\"_ _0\"></span> in <span class=\"_ _1e\"> </span>attuazione <span class=\"_ _1e\"> </span>dell<span class=\"_ _0\"></span>\u2019art. <span class=\"_ _1e\"> </span>9, <span class=\"_ _1e\"> </span>comma <span class=\"_ _1e\"> </span>3, <span class=\"_ _1e\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>decreto <span class=\"_ _1e\"> </span>legisl<span class=\"_ _0\"></span>ativo <span class=\"_ _1e\"> </span>n. <span class=\"_ _1e\"> </span>38/2005\u201d) <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>n. <span class=\"_ _1e\"> </span>1552<span class=\"_ _0\"></span>0 (\u201cModificazioni<span class=\"_ _0\"></span> <span class=\"_\"> </span>ed <span class=\"_ _b\"> </span>integrazi<span class=\"_ _0\"></span>oni <span class=\"_\"> </span>al<span class=\"_ _0\"></span> <span class=\"_\"> </span>regolamento <span class=\"_ _b\"> </span>re<span class=\"ff2\">cante <span class=\"_\"> </span>nor<span class=\"_ _0\"></span>me <span class=\"_\"> </span>di <span class=\"_ _b\"> </span>attuaz<span class=\"_ _0\"></span>ione <span class=\"_ _b\"> </span>del <span class=\"_\"> </span>de<span class=\"_ _0\"></span>creto </span>legislativo n. <span class=\"_ _1\"></span>58/1998\u201d)<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>entrambe del 27 <span class=\"_ _1\"></span>luglio 2006, <span class=\"_ _1\"></span>nonch\u00e9 della comunicazione CONSOB n. <span class=\"_ _17\"> </span>DEM/6064293<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>del <span class=\"_ _a\"></span>28 <span class=\"_ _17\"> </span>luglio <span class=\"_ _a\"></span>2006 <span class=\"_ _17\"> </span>(\u201cInformativ<span class=\"_ _0\"></span>a <span class=\"_ _17\"> </span>societaria <span class=\"_ _a\"></span>degli <span class=\"_ _17\"> </span>emitte<span class=\"_ _0\"></span>nti <span class=\"_ _17\"> </span>quotati <span class=\"_ _a\"></span>e <span class=\"_ _17\"> </span>degli emittenti aventi s<span class=\"_ _0\"></span>trumenti finanzi<span class=\"_ _0\"></span>ari d<span class=\"ff6\">iffusi tra il pu<span class=\"_ _0\"></span>bblico di<span class=\"_ _0\"></span> cui all\u2019art. 116 del<span class=\"_ _0\"></span> TUF\u201d).<span class=\"ff2\"> </span></span>Si segnala, inoltre, che a partire dal<span class=\"_ _1\"></span><span class=\"ff6\">l\u2019esercizio 2022, l\u2019economica turca<span class=\"_ _0\"></span> \u00e8 <span class=\"_ _1\"></span>considerata<span class=\"_ _0\"></span> </span>iperinflazionata <span class=\"_\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_\"> </span>base <span class=\"_ _b\"> </span>ai <span class=\"_\"> </span>criteri <span class=\"_ _b\"> </span>stabiliti <span class=\"_\"> </span>dal<span class=\"_ _0\"></span>lo <span class=\"_\"> </span>\u201cIAS <span class=\"_\"> </span>29 <span class=\"_\"> </span>\u2013<span class=\"ff2\"> <span class=\"_\"> </span>Rendi<span class=\"_ _0\"></span>contazione <span class=\"_\"> </span>con<span class=\"_ _0\"></span>tabile <span class=\"_\"> </span>in<span class=\"_ _0\"></span> </span>economie <span class=\"ff6\">iperinflazi<span class=\"_ _0\"></span>onate\u201d.<span class=\"ff2\"> </span></span>Gli <span class=\"_ _8\"> </span>effetti <span class=\"_ _8\"> </span>contabili <span class=\"_ _8\"> </span>derivanti <span class=\"_ _8\"> </span>dall\u2019appli<span class=\"_ _0\"></span>cazione <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>t<span class=\"_ _1\"></span>ale <span class=\"_ _8\"> </span>principio <span class=\"_ _9\"> </span><span class=\"ff2\">sulla <span class=\"_ _8\"> </span>relazione<span class=\"_ _0\"></span> </span>finanziaria annuale<span class=\"_ _0\"></span> <span class=\"ff6\">sono riportati nel parag<span class=\"_ _0\"></span>rafo \u201c<span class=\"ff2\">Turchia </span>\u2013<span class=\"ff2\"> economi<span class=\"_ _0\"></span>a iperinflazi<span class=\"_ _0\"></span>onata: impatti<span class=\"_ _0\"></span> </span></span>per l\u2019applicazi<span class=\"_ _0\"></span>one dello IAS<span class=\"_ _0\"></span> 29<span class=\"ls10\">\u201d.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__18-1": {
   "value": "Base di presentazione Criteri di presentazione Il <span class=\"_ _3\"></span>Bilancio <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>costituito <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>Situazione <span class=\"_ _3\"></span>Patrimoniale-Finanziaria, <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>Conto economico, <span class=\"_ _4\"></span>dal <span class=\"_ _4\"></span>Conto <span class=\"_ _4\"></span>economico<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>complessivo, <span class=\"_ _1\"></span>dal <span class=\"_ _4\"></span>Prospetto <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>variazioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>Patrimonio netto, dal Rendicon<span class=\"_ _0\"></span>to finanziario e dall<span class=\"_ _0\"></span>e Note espl<span class=\"_ _0\"></span>icative. Relativamente<span class=\"_ _0\"></span> alla presentazione di<span class=\"_ _0\"></span> tali schemi<span class=\"_ _0\"></span> il Gruppo ha operato<span class=\"_ _0\"></span> le seguenti scel<span class=\"_ _0\"></span>te: \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">la <span class=\"_\"> </span>S<span class=\"_ _0\"></span>ituazione <span class=\"_ _b\"> </span>Patrimoni<span class=\"_ _0\"></span>ale-Finanziaria<span class=\"_ _0\"></span> <span class=\"_\"> </span>Consol<span class=\"_ _0\"></span>idata <span class=\"_\"> </span>espon<span class=\"_ _0\"></span>e <span class=\"_ _b\"> </span>separata<span class=\"_ _0\"></span>mente <span class=\"_\"> </span>l<span class=\"_ _0\"></span>e <span class=\"_\"> </span>a<span class=\"_ _0\"></span>ttivit<span class=\"lsd\">\u00e0 </span></span></span>correnti e non co<span class=\"_ _0\"></span>rrenti e le passi<span class=\"_ _0\"></span>vit\u00e0 correnti e<span class=\"_ _0\"></span> non correnti; \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il Conto econo<span class=\"_ _0\"></span>mico consolida<span class=\"_ _0\"></span>to \u00e8 classificato in base al<span class=\"_ _0\"></span>la natura dei costi; </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il <span class=\"_ _3\"></span>Conto <span class=\"_ _3\"></span>economico <span class=\"_ _3\"></span>complessivo <span class=\"_ _3\"></span>consolidato<span class=\"ff6\">, <span class=\"_ _3\"></span>partendo <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>risultato <span class=\"_ _3\"></span>dell\u2019eser<span class=\"_ _0\"></span>cizio, <span class=\"_ _3\"></span>espone </span></span></span>l\u2019effetto degli utili<span class=\"_ _0\"></span> e<span class=\"ff2\"> delle perdite ril<span class=\"_ _0\"></span>evati direttame<span class=\"_ _0\"></span>nte a patrimoni<span class=\"_ _0\"></span>o netto; </span>\u2022 <span class=\"_ _25\"> </span>il<span class=\"ls0\"> <span class=\"_ _16\"> </span>prospetto <span class=\"_ _19\"> </span>delle <span class=\"_ _19\"> </span>variazioni <span class=\"_ _16\"> </span><span class=\"ls2\">di</span> <span class=\"_ _19\"> </span>Patrimonio <span class=\"_ _16\"> </span>Netto <span class=\"_ _19\"> </span>consolidato <span class=\"_ _19\"> </span>rappresenta <span class=\"_ _19\"> </span></span>le<span class=\"ls0\"> <span class=\"_ _16\"> </span>variazioni </span>intervenute <span class=\"ls2\">nel</span> period<span class=\"_ _0\"></span>o delle singol<span class=\"_ _0\"></span>e voci che compo<span class=\"_ _0\"></span>ngono <span class=\"lsf\">il</span> patrimonio; \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il Rendicon<span class=\"_ _0\"></span>to finanziario consoli<span class=\"_ _0\"></span>dato \u00e8 presentato<span class=\"_ _0\"></span> utilizzando il me<span class=\"_ _0\"></span>todo indiretto. </span></span>Il <span class=\"_ _3\"></span>criterio <span class=\"_ _3\"></span>generale <span class=\"_ _3\"></span>adottato <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>il cos<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>storico <span class=\"_ _3\"></span>ad <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ccezione <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>voci <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>bilanc<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>rilevate e <span class=\"_ _3\"></span>misurate<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span><span class=\"ff7\">fair <span class=\"_ _3\"></span>value<span class=\"ff2\"> <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>a <span class=\"_ _2b\"></span>specifici <span class=\"_ _2b\"></span>I<span class=\"_ _1\"></span>FRS <span class=\"_ _2b\"></span>come <span class=\"_ _3\"></span>descritto <span class=\"_ _2b\"></span>nei <span class=\"_ _3\"></span>criteri <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>valutazione <span class=\"_ _3\"></span>espos<span class=\"_ _0\"></span>ti </span></span>di seguito.<span class=\"ff7\">  </span>Si <span class=\"_ _5\"></span>precisa, <span class=\"_ _5\"></span>inoltre, <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>con <span class=\"_ _a\"></span>il <span class=\"_ _4\"></span>termine <span class=\"_ _5\"></span>\u201ccorrente\u201d <span class=\"_ _5\"></span>s\u2019intendono <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>12 <span class=\"_ _5\"></span>mesi <span class=\"_ _a\"></span>su<span class=\"_ _0\"></span>ccessivi <span class=\"_ _5\"></span>la data <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>riferimento <span class=\"_ _3\"></span>del <span class=\"_ _0\"></span>presente<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>documento<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>entre <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>\u201cnon<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>corren<span class=\"_ _0\"></span>te\u201d <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>periodi <span class=\"ff2\">ol<span class=\"_ _0\"></span>tre <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>12 <span class=\"_ _3\"></span>mesi </span>successivi la medesi<span class=\"_ _0\"></span>ma data. Gli IFRS <span class=\"_ _0\"></span>sono stati <span class=\"_ _0\"></span>applicati <span class=\"_ _0\"></span>coerentemente <span class=\"_ _0\"></span>con l<span class=\"_ _0\"></span>e indicazi<span class=\"_ _0\"></span>oni fornite nel<span class=\"_ _0\"></span> \u201cFramewor<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span> for the <span class=\"_ _1\"></span>prepara<span class=\"_ _0\"></span>tion and presentation of financial statements\u201d e non <span class=\"_ _1\"></span>si sono verificate criticit\u00e0 che abbiano richies<span class=\"_ _0\"></span>to il ricorso a deroghe<span class=\"_ _0\"></span> ai sensi<span class=\"_ _0\"></span> dello IAS 1, pa<span class=\"_ _0\"></span>ragrafo 19.  Si <span class=\"_ _0\"></span>ricorda <span class=\"_ _3\"></span>che la <span class=\"_ _3\"></span>CONSOB <span class=\"_ _0\"></span>con <span class=\"_ _3\"></span>delibera <span class=\"_ _0\"></span>n. <span class=\"_ _0\"></span>15519 <span class=\"_ _3\"></span>del 27<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>luglio <span class=\"_ _3\"></span>2006 ha<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>richiesto <span class=\"_ _0\"></span>che <span class=\"_ _3\"></span>nei ci<span class=\"_ _0\"></span>tati prospetti <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>bilancio <span class=\"_ _1e\"> </span>vengano <span class=\"_ _23\"> </span>evidenziate<span class=\"_ _0\"></span>, <span class=\"_ _1e\"> </span>qualora <span class=\"_ _1e\"> </span>di <span class=\"_ _23\"> </span>importo<span class=\"_ _0\"></span> <span class=\"_ _23\"> </span>signific<span class=\"_ _0\"></span>ativo, <span class=\"_ _1e\"> </span>sotto-voci aggiuntive <span class=\"_ _1e\"> </span>a <span class=\"_ _8\"> </span>quelle <span class=\"_ _1e\"> </span>gi\u00e0 <span class=\"_ _8\"> </span>specificatamente<span class=\"_ _0\"></span> <span class=\"_ _23\"> </span>richieste <span class=\"_ _1e\"> </span>dallo <span class=\"_ _23\"> </span>IAS <span class=\"_ _23\"> </span>1 <span class=\"_ _8\"> </span>e <span class=\"_ _1e\"> </span>negli <span class=\"_ _23\"> </span>altri <span class=\"_ _23\"> </span>principi internazionali<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>al <span class=\"_ _17\"></span>fine <span class=\"_ _a\"></span>di <span class=\"_ _17\"></span>evidenziare <span class=\"_ _a\"></span>distintamente <span class=\"_ _a\"></span>dalle <span class=\"_ _a\"></span>voci <span class=\"_ _a\"></span>di <span class=\"_ _17\"></span>riferiment<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>gli <span class=\"_ _17\"> </span>importi <span class=\"_ _17\"></span>delle posizioni <span class=\"_ _0\"></span>e dell<span class=\"_ _0\"></span>e transazioni con<span class=\"_ _0\"></span> parti co<span class=\"_ _0\"></span>rrelate, n<span class=\"_ _0\"></span>onch\u00e9 relativa<span class=\"_ _0\"></span>mente al C<span class=\"_ _0\"></span>onto Econ<span class=\"_ _0\"></span>omico, <span class=\"_ _0\"></span>i componenti positi<span class=\"_ _0\"></span>vi o negativi di reddi<span class=\"_ _0\"></span>to derivanti<span class=\"_ _0\"></span> da operazioni non<span class=\"_ _0\"></span> ricorrenti o inu<span class=\"_ _0\"></span>suali.  Le attivit\u00e0 e passi<span class=\"_ _0\"></span>vit\u00e0 sono<span class=\"_ _0\"></span> esposte separata<span class=\"_ _0\"></span>mente e senza<span class=\"_ _0\"></span> operare comp<span class=\"_ _0\"></span>ensazioni<span class=\"_ _0\"></span>.  Il <span class=\"_ _1\"></span>Bilancio <span class=\"_ _1\"></span>consolidato<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>\u00e8 presentato <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>migliaia di <span class=\"_ _4\"></span>Euro <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>tutti i <span class=\"_ _1\"></span>valori <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>pressi <span class=\"_ _1\"></span>in migliaia di Euro, <span class=\"_ _0\"></span>tranne quand<span class=\"_ _0\"></span>o diversamente ind<span class=\"_ _0\"></span>icato. I <span class=\"_ _14\"> </span>principi <span class=\"_ _16\"> </span>e <span class=\"_ _14\"> </span>criteri <span class=\"_ _16\"> </span>contabili <span class=\"_ _16\"> </span>applicati <span class=\"_ _14\"> </span>nel <span class=\"_ _16\"> </span>presente <span class=\"_ _14\"> </span>Bilancio <span class=\"_ _16\"> </span>sono <span class=\"_ _14\"> </span>confor<span class=\"_ _0\"></span>mi <span class=\"_ _14\"> </span>a <span class=\"_ _16\"> </span>quelli adottati per la redazione del Bilancio consolidato chiuso al 31 dicembre 2021, ad eccezione di quanto riporta<span class=\"_ _0\"></span>to nel segu<span class=\"_ _0\"></span>ito. \u00c8 <span class=\"_ _17\"> </span>pr<span class=\"ff6\">esentato <span class=\"_ _17\"> </span>inoltre <span class=\"_ _a\"></span>il <span class=\"_ _19\"> </span>Bilancio <span class=\"_ _a\"></span>d\u2019e<span class=\"_ _1\"></span></span>sercizio <span class=\"_ _17\"></span>al <span class=\"_ _17\"></span>31 <span class=\"_ _a\"></span>dicembre <span class=\"_ _19\"> </span><span class=\"ls2\">2022</span> <span class=\"_ _17\"></span>della <span class=\"_ _17\"> </span>Capogruppo Caltagirone SpA, p<span class=\"_ _0\"></span>redisposto se<span class=\"_ _0\"></span>condo gli IFR<span class=\"_ _0\"></span>S come sopra de<span class=\"_ _0\"></span>finiti. Principi contabi<span class=\"_ _0\"></span>li ed e<span class=\"_ _0\"></span>mendamenti agl<span class=\"_ _0\"></span>i standard adot<span class=\"_ _0\"></span>tati dal Gruppo<span class=\"_ _0\"></span>  a)<span class=\"ls0\"> <span class=\"_ _2c\"> </span><span class=\"ff2 fc1\">A partire dal 1\u00b0 <span class=\"_ _0\"></span>Gennaio 2022, il<span class=\"_ _0\"></span> Gruppo ha ado<span class=\"_ _0\"></span>ttato i seguenti nuovi<span class=\"_ _0\"></span> principi contabil<span class=\"_ _0\"></span>i: </span></span>\u2022 <span class=\"_ _25\"> </span><span class=\"fc1\">Amendments <span class=\"_ _15\"> </span>to <span class=\"_ _1e\"> </span>IFRS <span class=\"_ _18\"> </span>3 <span class=\"_ _18\"> </span>Business <span class=\"_ _18\"> </span>Combinations; <span class=\"_ _18\"> </span>IAS <span class=\"_ _1e\"> </span>16 <span class=\"_ _18\"> </span>Proper<span class=\"_ _0\"></span>ty, <span class=\"_ _18\"> </span>Plant <span class=\"_ _18\"> </span>and </span>Equipment; <span class=\"_ _14\"> </span>IAS <span class=\"_ _b\"> </span>37 <span class=\"_ _14\"> </span>Provisions, <span class=\"_ _14\"> </span>Contingent <span class=\"_ _b\"> </span>Liab<span class=\"_ _0\"></span>ilities <span class=\"_ _14\"> </span>and <span class=\"_ _b\"> </span>Contingen<span class=\"_ _0\"></span>t <span class=\"_ _b\"> </span>Asset; <span class=\"_ _14\"> </span>and Annual <span class=\"_ _0\"></span>Improvements <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>18-<span class=\"ff6\">2020, la <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mologazion<span class=\"_ _0\"></span>e da <span class=\"_ _3\"></span>part<span class=\"_ _1\"></span>e del<span class=\"_ _0\"></span>l\u2019UE <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>avvenuta <span class=\"_ _0\"></span>il </span>28 giugno<span class=\"_ _0\"></span> 2021.<span class=\"_ _0\"></span> <span class=\"ff6\">Le <span class=\"_ _0\"></span>modi<span class=\"_ _0\"></span>fiche hanno<span class=\"_ _0\"></span> l\u2019ob<span class=\"_ _0\"></span>iettivo di<span class=\"_ _3\"></span> sostituire i<span class=\"_ _0\"></span> riferimen<span class=\"_ _0\"></span>ti al<span class=\"_ _0\"></span> F<span class=\"_ _0\"></span>ramework </span>for <span class=\"_ _16\"> </span>the <span class=\"_ _14\"> </span>Preparation <span class=\"_ _16\"> </span>and <span class=\"_ _16\"> </span>Presentation <span class=\"_ _16\"> </span>of <span class=\"_ _16\"> </span>Financial <span class=\"_ _16\"> </span>Statements <span class=\"_ _14\"> </span>con <span class=\"_ _16\"> </span>i <span class=\"_ _16\"> </span>riferimenti <span class=\"_ _14\"> </span>al Conceptual <span class=\"_ _5\"></span>Framework <span class=\"_ _5\"></span>for <span class=\"_ _5\"></span>Financial <span class=\"_ _5\"></span>Reporting <span class=\"_ _a\"></span>pubbli<span class=\"_ _0\"></span>cato <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>marzo <span class=\"_ _5\"></span>2018 <span class=\"_ _a\"></span>senza <span class=\"_ _5\"></span>un cambio significativo<span class=\"_ _0\"></span> dei requisi<span class=\"_ _0\"></span>ti del principio. L\u2019adozione <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>nuovi <span class=\"_ _4\"></span>stand<span class=\"_ _0\"></span>ard <span class=\"_ _4\"></span>applicabili <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>partire <span class=\"_ _4\"></span>dal <span class=\"_ _4\"></span>1\u00b0 <span class=\"_ _4\"></span>gennaio <span class=\"_ _4\"></span>2022 <span class=\"_ _4\"></span>non <span class=\"_ _1\"></span>ha <span class=\"_ _4\"></span>comportato effetti significa<span class=\"_ _0\"></span>tivi per il Gruppo<span class=\"_ _0\"></span>.c)<span class=\"ls0\"> <span class=\"_ _2c\"> </span><span class=\"ff2 fc1\">Principi <span class=\"_ _6\"> </span>contabili, <span class=\"_ _15\"> </span>emendamenti <span class=\"_ _6\"> </span>ed <span class=\"_ _15\"> </span>interpretazi<span class=\"_ _0\"></span>oni <span class=\"_ _6\"> </span>non <span class=\"_ _15\"> </span>ancora <span class=\"_ _15\"> </span>omologati <span class=\"_ _6\"> </span>da <span class=\"_ _15\"> </span>parte </span></span>dell\u2019U<span class=\"_ _0\"></span>nione Europea:<span class=\"ff2\"> </span>Alla <span class=\"_ _3\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>approvazione<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _0\"></span>presente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>bilancio <span class=\"_ _3\"></span>consolidato, <span class=\"_ _3\"></span>risultano <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>manati <span class=\"_ _3\"></span>dallo <span class=\"_ _3\"></span>IASB, <span class=\"_ _3\"></span>ma non <span class=\"_ _15\"> </span>ancora <span class=\"_ _15\"> </span>omologati <span class=\"_ _6\"> </span>dall\u2019Unione <span class=\"_ _15\"> </span>Europea, <span class=\"_ _15\"> </span>taluni <span class=\"_ _15\"> </span>principi <span class=\"_ _6\"> </span>contabili, <span class=\"_ _15\"> </span>inter<span class=\"_ _1\"></span>pretazioni <span class=\"_ _6\"> </span>ed emendamenti, alcun<span class=\"_ _0\"></span>i ancora in <span class=\"_ _0\"></span>fase di consultazio<span class=\"_ _0\"></span>ne, tra i qual<span class=\"_ _0\"></span>i si segnala quan<span class=\"_ _0\"></span>to segue: \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">Amendments <span class=\"_ _16\"> </span>to <span class=\"_ _14\"> </span>IAS <span class=\"_ _14\"> </span>1 <span class=\"_ _16\"> </span>Presentation <span class=\"_ _14\"> </span>of <span class=\"_ _14\"> </span>Financial<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>Statements: <span class=\"_ _16\"> </span>a) <span class=\"_ _14\"> </span>Classification <span class=\"_ _16\"> </span>of </span></span>Liabili<span class=\"_ _0\"></span>ties <span class=\"_ _15\"> </span>as <span class=\"_ _15\"> </span>Current <span class=\"_ _15\"> </span>or <span class=\"_ _15\"> </span>Non-current <span class=\"_ _15\"> </span>Date <span class=\"_ _6\"> </span>(pubblicato <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>23 <span class=\"_ _6\"> </span>gennaio <span class=\"_ _15\"> </span>2020); <span class=\"_ _15\"> </span>b) Classification <span class=\"_ _19\"> </span>of <span class=\"_ _16\"> </span>Liabilities <span class=\"_ _16\"> </span>as <span class=\"_ _16\"> </span>Current <span class=\"_ _19\"> </span>or <span class=\"_ _16\"> </span>Non<span class=\"_ _1\"></span>-current <span class=\"_ _19\"> </span>- <span class=\"_ _14\"> </span>Deferral<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>of <span class=\"_ _16\"> </span>Effective <span class=\"_ _16\"> </span>Date<span class=\"_ _0\"></span> (pubblicato <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>15 <span class=\"_ _1\"></span>luglio <span class=\"_ _1\"></span>2020); e <span class=\"_ _4\"></span>c) <span class=\"_ _1\"></span>Non-current Liabilities <span class=\"_ _1\"></span>with <span class=\"_ _1\"></span>Covenants (<span class=\"_ _1\"></span>pubbli<span class=\"_ _0\"></span>cato il <span class=\"_ _0\"></span>31 otto<span class=\"_ _0\"></span>bre <span class=\"_ _0\"></span>2022). <span class=\"_ _0\"></span>Gli <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mendamenti <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>efficaci pe<span class=\"_ _0\"></span>r gli<span class=\"_ _0\"></span> ese<span class=\"_ _0\"></span>rcizi <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>no i<span class=\"_ _0\"></span>nizio <span class=\"_ _0\"></span>da o <span class=\"_ _17\"></span>dopo <span class=\"_ _17\"></span>il <span class=\"_ _a\"></span>1\u00b0 <span class=\"_ _17\"> </span>gennaio <span class=\"_ _17\"></span>2023. <span class=\"_ _17\"></span>\u00c8 <span class=\"_ _a\"></span>consentita <span class=\"_ _17\"></span>un'applicazi<span class=\"_ _0\"></span>one <span class=\"_ _17\"></span>anticipata. <span class=\"_ _a\"></span>Il <span class=\"_ _17\"> </span>processo <span class=\"_ _a\"></span>di omologazione \u00e8 anco<span class=\"_ _0\"></span>ra in corso. \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">Amendments <span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>I<span class=\"_ _1\"></span>FRS <span class=\"_ _3\"></span>16 <span class=\"_ _3\"></span>Leases: Le<span class=\"_ _0\"></span>ase <span class=\"_ _3\"></span>Liability <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Sale <span class=\"_ _3\"></span>and <span class=\"_ _0\"></span>Leaseback <span class=\"_ _3\"></span>(pubblicato </span></span>il <span class=\"_ _3\"></span>22 <span class=\"_ _0\"></span>settembre <span class=\"_ _3\"></span>2022). <span class=\"_ _0\"></span>La <span class=\"_ _3\"></span>modifica <span class=\"_ _3\"></span>all'IFRS <span class=\"_ _0\"></span>16 <span class=\"_ _3\"></span>Leases <span class=\"_ _3\"></span>specifica <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>requisiti <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>locatari venditori nella <span class=\"_ _1\"></span>misurazione della passivit\u00e0 <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>lea<span class=\"ff6\">sing <span class=\"_ _1\"></span>in un'operazione <span class=\"_ _1\"></span>di \u201csales <span class=\"_ _1\"></span>and </span>leaseback\u201d.<span class=\"ff2\"> <span class=\"_ _15\"> </span>L'emendamento <span class=\"_ _15\"> </span>non <span class=\"_ _15\"> </span>m<span class=\"_ _1\"></span>odifica <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>contabilizzazione <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>leasing <span class=\"_ _18\"> </span>non </span>correlati <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>operazioni <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>\u201csales <span class=\"_ _16\"> </span>and <span class=\"_ _16\"> </span>leaseback\u201d<span class=\"_ _0\"></span>.<span class=\"ff2\"> <span class=\"_ _16\"> </span>G<span class=\"_ _1\"></span>li <span class=\"_ _16\"> </span>emenda<span class=\"_ _0\"></span>menti <span class=\"_ _16\"> </span>sono <span class=\"_ _19\"> </span>efficaci <span class=\"_ _16\"> </span>a </span>partire dagli ese<span class=\"_ _0\"></span>rcizi che<span class=\"_ _0\"></span> hanno inizi<span class=\"_ _0\"></span>o dal 1 gennai<span class=\"_ _0\"></span>o 2024 e possono<span class=\"_ _0\"></span> essere appli<span class=\"_ _0\"></span>cati anticipatamente.<span class=\"_ _0\"></span> Il processo di o<span class=\"_ _0\"></span>mologazione \u00e8 a<span class=\"_ _0\"></span>ncora in corso. Gli <span class=\"_ _a\"></span>eventuali <span class=\"_ _a\"></span>riflessi <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>principi <span class=\"_ _a\"></span>contabili, <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>emendamenti <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>interpretazioni<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di prossima <span class=\"_ _1\"></span>applicazione <span class=\"_ _1\"></span>potranno <span class=\"_ _4\"></span>avere <span class=\"_ _1\"></span>sull\u2019infor<span class=\"_ _0\"></span>mativa <span class=\"_ _1\"></span>finanziaria <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>Gruppo <span class=\"_ _1\"></span>so<span class=\"ff2\">no <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>corso<span class=\"_ _0\"></span> </span>di approfondimento<span class=\"_ _0\"></span> e valutazione.<span class=\"_ _0\"></span> Non <span class=\"_\"> </span>si <span class=\"_ _6\"> </span>prevede <span class=\"_\"> </span>che <span class=\"_ _6\"> </span>gli <span class=\"_ _6\"> </span>standards <span class=\"_\"> </span>abbiano <span class=\"_\"> </span>un <span class=\"_ _6\"> </span>impatto <span class=\"_\"> </span>significativo<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>sul <span class=\"_\"> </span>bilancio consolidato del <span class=\"_ _0\"></span>Gruppo.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__19-1": {
   "value": "b)<span class=\"ls0\"> <span class=\"_ _2d\"> </span><span class=\"ff2 fc1\">Principi <span class=\"_ _2b\"></span>contabili <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>interpretazioni <span class=\"_ _2b\"></span>su <span class=\"_ _3\"></span>standard <span class=\"_ _3\"></span>efficaci<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>gli <span class=\"_ _2b\"></span>esercizi <span class=\"_ _3\"></span>finanziari <span class=\"_ _3\"></span>successivi<span class=\"_ _0\"></span> </span></span>al 2022 e non adot<span class=\"_ _0\"></span>tati antici<span class=\"_ _0\"></span>patamente dal G<span class=\"_ _0\"></span>ruppo: \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">In data 18 maggio 2017, lo IASB ha pubblicato il nuovo standard IFRS 17 <span class=\"_ _1\"></span><span class=\"ff7\">Insurance </span></span></span>Contracts<span class=\"ff6\">, che<span class=\"_ _0\"></span> sostituisc<span class=\"_ _0\"></span>e l\u2019<span class=\"_ _0\"></span>attuale IFRS 4.<span class=\"_ _0\"></span> Il nuov<span class=\"_ _0\"></span>o standard<span class=\"_ _0\"></span> sui con<span class=\"_ _0\"></span>tratti a<span class=\"_ _0\"></span>ssicurativi<span class=\"_ _0\"></span> </span>ha <span class=\"_ _0\"></span>l\u2019obi<span class=\"_ _0\"></span>ettivo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>m<span class=\"ff2\">entare <span class=\"_ _3\"></span>la traspa<span class=\"_ _0\"></span>renza <span class=\"_ _3\"></span>sulle <span class=\"_ _0\"></span>fonti <span class=\"_ _3\"></span>di p<span class=\"_ _0\"></span>rofitto <span class=\"_ _3\"></span>e sull<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>qualit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>degli <span class=\"_ _3\"></span>utili </span>realizzati <span class=\"_ _3\"></span>e <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>garantire <span class=\"_ _3\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>elevata <span class=\"_ _3\"></span>comparabil<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _2b\"></span>dei <span class=\"_ _3\"></span>risultati, <span class=\"_ _3\"></span>introducendo <span class=\"_ _2b\"></span>un <span class=\"_ _3\"></span>singolo principio di <span class=\"_ _4\"></span>rilevazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>ricavi <span class=\"_ _1\"></span>che riflette <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>servizi f<span class=\"_ _1\"></span>orniti. Inoltre, <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>data 25 <span class=\"_ _4\"></span>giugno 2020, <span class=\"_ _17\"> </span>lo <span class=\"_ _17\"> </span>IASB <span class=\"_ _17\"> </span>ha <span class=\"_ _17\"> </span>pubblicato <span class=\"_ _a\"></span>il <span class=\"_ _17\"> </span>documento <span class=\"_ _17\"> </span>\u201c<span class=\"_ _1\"></span><span class=\"ff7\">Ame<span class=\"_ _0\"></span>ndments <span class=\"_ _a\"></span>to <span class=\"_ _17\"></span>IFRS <span class=\"_ _17\"></span>17<span class=\"ff6\">\u201d <span class=\"_ _19\"> </span>che <span class=\"_ _a\"></span>include </span></span>alcune <span class=\"_ _0\"></span>modifiche <span class=\"_ _3\"></span>all\u2019IFRS <span class=\"_ _0\"></span>17 <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> il<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>fferimento<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>l\u2019entrata <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> vi<span class=\"_ _0\"></span>gore <span class=\"_ _0\"></span>del <span class=\"_ _3\"></span>nuovo principi<span class=\"_ _0\"></span>o contabile <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>1\u00b0 <span class=\"_ _3\"></span>gennaio <span class=\"_ _3\"></span>202<span class=\"_ _0\"></span>3. <span class=\"_ _3\"></span>Il <span class=\"_ _3\"></span>principio <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mologato <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>19<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>novembre <span class=\"_ _3\"></span>2021. \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff6 fc1\">In <span class=\"_ _1\"></span>data 12 <span class=\"_ _1\"></span>febbraio 2021 lo <span class=\"_ _1\"></span>IASB <span class=\"_ _1\"></span>ha pubblicato il <span class=\"_ _1\"></span>documento \u201cAmendments to <span class=\"_ _1\"></span>IAS 8 </span></span>Accounting <span class=\"_ _6\"> </span>policies, <span class=\"_ _6\"> </span>Changes <span class=\"_ _6\"> </span>in <span class=\"_ _15\"> </span>Accounting<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>Estima<span class=\"_ _0\"></span>te <span class=\"_ _15\"> </span>and <span class=\"_ _6\"> </span>Errors: <span class=\"_ _6\"> </span>Definition <span class=\"_ _6\"> </span>of Accounting <span class=\"_ _3\"></span>Estimates\u201d, <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>l\u2019obiettivo <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>distinguere <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>cambiamenti <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>principi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>contabili dai <span class=\"_ _a\"></span>c<span class=\"ff6\">ambiamenti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>stime <span class=\"_ _a\"></span>contabili. <span class=\"_ _a\"></span>Tale <span class=\"_ _a\"></span>docum<span class=\"_ _0\"></span>ento, <span class=\"_ _a\"></span>adottato <span class=\"_ _a\"></span>dall\u2019U<span class=\"_ _0\"></span>nione <span class=\"_ _a\"></span>Europea </span>con <span class=\"_ _16\"> </span>il <span class=\"_ _14\"> </span>Regolamen<span class=\"_ _0\"></span>to <span class=\"_ _16\"> </span>n.357 <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>2 <span class=\"_ _16\"> </span>marzo <span class=\"_ _16\"> </span>2022, <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _14\"> </span>applicabile <span class=\"_ _16\"> </span>ai <span class=\"_ _16\"> </span>bilanci <span class=\"_ _16\"> </span>relativi <span class=\"_ _16\"> </span>agli esercizi che hanno<span class=\"_ _0\"></span> inizio <span class=\"_ _0\"></span>il, o dopo i<span class=\"_ _0\"></span>l, 1\u00b0 Genna<span class=\"_ _0\"></span>io 2023. Il princi<span class=\"_ _0\"></span>pio \u00e8 stato<span class=\"_ _0\"></span> omologato<span class=\"_ _0\"></span> in data 2 marzo<span class=\"_ _0\"></span> 2022. \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">In <span class=\"_ _14\"> </span>data <span class=\"_ _14\"> </span>23 <span class=\"_ _b\"> </span>gennaio <span class=\"_ _16\"> </span>2020 <span class=\"_ _14\"> </span>lo <span class=\"_ _14\"> </span>I<span class=\"_ _1\"></span>ASB <span class=\"_ _14\"> </span>ha <span class=\"_ _14\"> </span>pubblicato <span class=\"_ _14\"> </span>alcune <span class=\"_ _14\"> </span>modifiche <span class=\"_ _14\"> </span>allo <span class=\"_ _16\"> </span>I<span class=\"_ _1\"></span>AS <span class=\"_ _14\"> </span>1. <span class=\"_ _14\"> </span>Il </span></span>documento <span class=\"_ _14\"> </span>\u201c<span class=\"_ _1\"></span><span class=\"ff7\">Presentatio<span class=\"_ _0\"></span>n <span class=\"_\"> </span>of<span class=\"_ _0\"></span> <span class=\"_\"> </span>Financi<span class=\"_ _0\"></span>al <span class=\"_ _b\"> </span>Statements: <span class=\"_ _b\"> </span>Classi<span class=\"_ _0\"></span>fication <span class=\"_\"> </span>o<span class=\"_ _0\"></span>f <span class=\"_ _b\"> </span>Liabili<span class=\"_ _0\"></span>ties <span class=\"_\"> </span>as<span class=\"_ _0\"></span> </span>Current or Non-current<span class=\"ff6\">\u201d prevede che <span class=\"_ _1\"></span>una passivit\u00e0 venga classificata come corrente<span class=\"_ _0\"></span> </span>o <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>corrente <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>funzione dei <span class=\"_ _1\"></span>diritti <span class=\"_ _1\"></span>esistenti <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>bilancio. <span class=\"_ _1\"></span>Inoltre, st<span class=\"_ _1\"></span>abilisc<span class=\"_ _0\"></span>e che la <span class=\"_ _1\"></span>classificazione non <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>impattata dall\u2019aspett<span class=\"_ _0\"></span>ativa dell\u2019entit\u00e0 <span class=\"_ _1\"></span>di esercitare <span class=\"_ _1\"></span>i propri diritti <span class=\"_ _14\"> </span>di <span class=\"_\"> </span>po<span class=\"_ _0\"></span>sticipare <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>regolamento <span class=\"_ _14\"> </span>della <span class=\"_ _b\"> </span>pas<span class=\"_ _0\"></span>sivit\u00e0. <span class=\"_ _14\"> </span>Infine, <span class=\"_ _14\"> </span>viene <span class=\"_ _b\"> </span>chiarito <span class=\"_ _14\"> </span>che <span class=\"_ _b\"> </span>tale regolamento <span class=\"_\"> </span>si <span class=\"_\"> </span>riferisce <span class=\"_\"> </span>al <span class=\"_\"> </span>trasferimento <span class=\"_\"> </span>alla <span class=\"_\"> </span>controparte<span class=\"_ _0\"></span> <span class=\"_\"> </span>di <span class=\"_ _6\"> </span>cassa, <span class=\"_\"> </span>strumenti <span class=\"_\"> </span>di capitale, alt<span class=\"_ _0\"></span>re at<span class=\"_ _0\"></span>tivit\u00e0 o <span class=\"_ _0\"></span>servizi. <span class=\"_ _0\"></span>Le <span class=\"_ _0\"></span>modifiche i<span class=\"_ _0\"></span>nizialmente<span class=\"_ _0\"></span> sarebbero <span class=\"_ _0\"></span>dovute<span class=\"_ _0\"></span> entrare <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> vigore dal <span class=\"_ _1\"></span>1\u00b0 <span class=\"_ _1\"></span>gennaio <span class=\"_ _1\"></span>2022, tuttavia lo <span class=\"_ _1\"></span>IASB, con <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>secondo <span class=\"_ _1\"></span>documen<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>pubblicato in <span class=\"_ _a\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _17\"> </span>15 <span class=\"_ _a\"></span>luglio <span class=\"_ _17\"> </span>2020 <span class=\"_ _17\"> </span>denominato <span class=\"_ _a\"></span>\u201c<span class=\"ff7\">Classification <span class=\"_ _a\"></span>of <span class=\"_ _17\"></span>Liabilities <span class=\"_ _a\"></span>as <span class=\"_ _17\"></span>Current <span class=\"_ _a\"></span>or <span class=\"_ _17\"></span>Non-</span>current <span class=\"_ _4\"></span><span class=\"ffd\">\u2013</span> <span class=\"_ _4\"></span>Deferral <span class=\"_ _4\"></span>of <span class=\"_ _4\"></span>Effective <span class=\"_ _4\"></span>Date<span class=\"ff6\">\u201d, <span class=\"_ _4\"></span>ne <span class=\"_ _4\"></span>ha <span class=\"_ _4\"></span>differ<span class=\"_ _0\"></span>ito <span class=\"_ _4\"></span>l\u2019entrata <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>vigore <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>1\u00b0 <span class=\"_ _4\"></span>gennaio </span>2023. <span class=\"ff6\">Il p<span class=\"_ _0\"></span>rocesso di <span class=\"_ _0\"></span>omol<span class=\"_ _0\"></span>ogazione \u00e8 <span class=\"_ _0\"></span>terminato <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>l\u2019endorsement <span class=\"_ _0\"></span>avvenut<span class=\"ff2\">o i<span class=\"_ _0\"></span>n data 2 </span></span>marzo 2022. \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff6 fc1\">In <span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>7 <span class=\"_ _1\"></span>maggio <span class=\"_ _4\"></span>2021 <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>ASB <span class=\"_ _1\"></span>ha <span class=\"_ _4\"></span>pubblicato<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>documento <span class=\"_ _1\"></span>\u201cAmendments<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>IAS <span class=\"_ _4\"></span>12<span class=\"_ _0\"></span> </span></span>Income <span class=\"_ _5\"></span>Taxes: <span class=\"_ _5\"></span>Deferred <span class=\"_ _5\"></span>Tax <span class=\"_ _5\"></span>related <span class=\"_ _5\"></span>to <span class=\"_ _5\"></span>Assets <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>nd <span class=\"_ _5\"></span>Liabilities <span class=\"_ _5\"></span>arising <span class=\"_ _5\"></span>from <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>Singl<span class=\"_ _0\"></span>e Transaction\u201d. <span class=\"_ _4\"></span><span class=\"ff2\">Le <span class=\"_ _5\"></span>modifiche <span class=\"_ _4\"></span>richiedono <span class=\"_ _4\"></span>ai <span class=\"_ _5\"></span>redattori<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>bilancio <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>rilevare <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>imposte </span>differite <span class=\"_ _3\"></span>su <span class=\"_ _2b\"></span>operazioni <span class=\"_ _3\"></span>che, <span class=\"_ _3\"></span>all'at<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>della <span class=\"_ _2b\"></span>rilevazione <span class=\"_ _3\"></span>inizi<span class=\"_ _0\"></span>ale, <span class=\"_ _3\"></span>danno <span class=\"_ _3\"></span>luogo <span class=\"_ _2b\"></span>ad <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>importo<span class=\"_ _0\"></span> equivalente <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>differenze<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>temporanee <span class=\"_ _5\"></span>t<span class=\"_ _1\"></span>assabil<span class=\"_ _0\"></span>i <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>deducibil<span class=\"_ _0\"></span>i. <span class=\"_ _a\"></span>Gli <span class=\"_ _a\"></span>emendamenti <span class=\"_ _5\"></span>sono efficaci <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>esercizi che <span class=\"_ _1\"></span>hanno <span class=\"_ _1\"></span>inizio <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>dop<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>1\u00b0 <span class=\"_ _4\"></span>gennaio 2023. <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>l processo <span class=\"_ _1\"></span>di omologazione \u00e8 ter<span class=\"_ _0\"></span>minato con l\u2019endo<span class=\"_ _0\"></span>rsement avv<span class=\"_ _0\"></span>enuto in data 11 agos<span class=\"_ _0\"></span>to 2022.<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff6 fc1\">In <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>9 <span class=\"_ _14\"> </span>dicembre <span class=\"_ _16\"> </span>2021 <span class=\"_ _16\"> </span>lo <span class=\"_ _16\"> </span>IASB <span class=\"_ _14\"> </span>ha <span class=\"_ _16\"> </span>pubblicat<span class=\"_ _0\"></span>o <span class=\"_ _16\"> </span>l\u2019emendamento <span class=\"_ _16\"> </span>alle <span class=\"_ _16\"> </span>disposizioni<span class=\"_ _0\"></span> </span></span>transitorie <span class=\"_ _16\"> </span>dell\u2019IFR<span class=\"_ _0\"></span>S <span class=\"_ _16\"> </span>17 <span class=\"_ _16\"> </span>\u201cInitial <span class=\"_ _16\"> </span>Application <span class=\"_ _16\"> </span>of <span class=\"_ _16\"> </span>IFRS <span class=\"_ _19\"> </span>17 <span class=\"_ _14\"> </span>and <span class=\"_ _19\"> </span>IFRS <span class=\"_ _16\"> </span>9<span class=\"_ _1\"></span>\u2014<span class=\"ff2\">Comparative </span>Information\u201c. <span class=\"_\"> </span>La <span class=\"_ _6\"> </span>modifica <span class=\"_\"> </span>fornisce <span class=\"_ _6\"> </span>agli <span class=\"_\"> </span>assicuratori <span class=\"_ _6\"> </span>un\u2019opzione <span class=\"_\"> </span>con <span class=\"_ _6\"> </span>l\u2019obiettivo <span class=\"_ _6\"> </span>di<span class=\"_ _0\"></span> migliorare <span class=\"_ _1e\"> </span>la <span class=\"_ _18\"> </span>r<span class=\"_ _1\"></span>ilevanza<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>delle <span class=\"_ _1e\"> </span>informazioni<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>da <span class=\"_ _1e\"> </span>fornire <span class=\"_ _1e\"> </span>a<span class=\"_ _0\"></span>gli <span class=\"_ _1e\"> </span>investitori<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>in <span class=\"_ _1e\"> </span>fase <span class=\"_ _1e\"> </span>di applicazion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>iniziale <span class=\"_ _3\"></span>del <span class=\"_ _0\"></span>nuovo <span class=\"_ _3\"></span>standard.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>processo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>omologazione <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>terminato <span class=\"_ _3\"></span>con l\u2019en<span class=\"ff2\">dorsement avvenu<span class=\"_ _0\"></span>to in data<span class=\"_ _0\"></span> 11 agosto 2022. </span>Gli <span class=\"_ _1e\"> </span>eventuali <span class=\"_ _23\"> </span>riflessi <span class=\"_ _1e\"> </span>che <span class=\"_ _23\"> </span>gli <span class=\"_ _1e\"> </span>emendamenti <span class=\"_ _23\"> </span>di <span class=\"_ _1e\"> </span>prossima <span class=\"_ _23\"> </span>applicazione<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>potranno <span class=\"_ _23\"> </span>avere sull\u2019informativa <span class=\"_ _0\"></span>finanziaria del Gruppo <span class=\"_ _0\"></span>sono in cor<span class=\"_ _0\"></span>so di approfondimen<span class=\"_ _0\"></span>ti e val<span class=\"_ _0\"></span>utazione.Cambiamenti di principi contabili, errori e cambiamenti di stima I <span class=\"_ _23\"> </span>principi <span class=\"_ _23\"> </span>contabili <span class=\"_ _23\"> </span>adottati<span class=\"_ _0\"></span> <span class=\"_ _23\"> </span>sono <span class=\"_ _23\"> </span>modificati <span class=\"_ _23\"> </span>da <span class=\"_ _23\"> </span>un <span class=\"_ _23\"> </span>periodo <span class=\"_ _23\"> </span>all\u2019altro <span class=\"_ _1e\"> </span>solo <span class=\"_ _23\"> </span>se <span class=\"_ _23\"> </span>il cambiamento <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _2\"> </span>richi<span class=\"_ _0\"></span>esto <span class=\"_ _9\"> </span>da <span class=\"_ _2\"> </span>un <span class=\"_ _9\"> </span>principio <span class=\"_ _9\"> </span>o <span class=\"_ _2\"> </span>se <span class=\"_ _9\"> </span>contribuisce <span class=\"_ _9\"> </span>a <span class=\"_ _2\"> </span>fo<span class=\"_ _0\"></span>rnire <span class=\"_ _2\"> </span>i<span class=\"_ _0\"></span>nformazi<span class=\"_ _0\"></span>oni maggiormente <span class=\"_ _a\"></span>attendibi<span class=\"_ _0\"></span>li <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>rilevanti <span class=\"_ _a\"></span>degli <span class=\"_ _a\"></span>effetti <span class=\"_ _a\"></span>del<span class=\"_ _0\"></span>le <span class=\"_ _a\"></span>operazioni <span class=\"_ _a\"></span>compiute <span class=\"_ _a\"></span>sulla <span class=\"_ _a\"></span>situazione patrimoniale, sul <span class=\"_ _0\"></span>risultato economico<span class=\"_ _0\"></span> o sui flussi <span class=\"_ _0\"></span>finanziari dell<span class=\"_ _0\"></span>\u2019impresa.<span class=\"ff2\"> </span>I <span class=\"_ _2\"> </span>cambiamenti <span class=\"_ _2\"> </span>dei <span class=\"_ _2\"> </span>principi<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>contabili <span class=\"_ _2\"> </span>sono <span class=\"_ _2\"> </span>contabilizzati <span class=\"_ _2\"> </span>retroattiva<span class=\"_ _0\"></span>mente <span class=\"_ _2\"> </span>con<span class=\"_ _0\"></span> l\u2019imputazione <span class=\"_ _3\"></span>degli<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>effetti <span class=\"_ _2b\"></span>a <span class=\"_ _0\"></span>patrimonio<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>d\u2019apertura<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _3\"></span>remoto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>pe<span class=\"ff2\">riodi <span class=\"_ _3\"></span>presentati. </span>Gli <span class=\"_ _1\"></span>importi <span class=\"_ _4\"></span>comparativi <span class=\"_ _1\"></span>indi<span class=\"_ _0\"></span>cati <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>ciascun <span class=\"_ _1\"></span>periodo <span class=\"_ _1\"></span>precedente <span class=\"_ _1\"></span>vengono <span class=\"_ _4\"></span>parimenti r<span class=\"_ _1\"></span>ettificati come se il nuovo<span class=\"_ _0\"></span> principio fosse s<span class=\"_ _0\"></span>tato applicato si<span class=\"_ _0\"></span>n dall\u2019ini<span class=\"_ _0\"></span>zio. <span class=\"ff2\"> </span>L\u2019approccio <span class=\"_ _6\"> </span>prospettico<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _15\"> </span>effettuato <span class=\"_\"> </span>solo <span class=\"_ _6\"> </span>quando <span class=\"_ _6\"> </span>risulta <span class=\"_ _6\"> </span>impraticabile <span class=\"_ _6\"> </span>ricost<span class=\"ff2\">r<span class=\"_ _1\"></span>uire<span class=\"_ _0\"></span> </span>l\u2019informazione <span class=\"_ _8\"> </span>comparati<span class=\"_ _0\"></span>va <span class=\"_ _8\"> </span>ovvero <span class=\"_ _9\"> </span>qualora <span class=\"_ _8\"> </span>gli <span class=\"_ _8\"> </span>effetti <span class=\"_ _8\"> </span>del <span class=\"_ _9\"> </span>cambiamento <span class=\"_ _23\"> </span>r<span class=\"_ _1\"></span>isultino <span class=\"_ _8\"> </span>non significativi. L\u2019applicazi<span class=\"_ _0\"></span>one <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>un <span class=\"_ _19\"> </span>pri<span class=\"_ _1\"></span>ncipio <span class=\"_ _17\"> </span>contabile <span class=\"_ _19\"> </span>nuovo <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>modificato <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>contabilizzata <span class=\"_ _17\"> </span>come richiesto <span class=\"_ _14\"> </span>dal <span class=\"_ _14\"> </span>principi<span class=\"_ _0\"></span>o <span class=\"_ _14\"> </span>stesso. <span class=\"_ _14\"> </span>Se <span class=\"_ _16\"> </span>il <span class=\"_ _b\"> </span>pri<span class=\"_ _0\"></span>ncipio <span class=\"_ _14\"> </span>non <span class=\"_ _14\"> </span>discipli<span class=\"_ _0\"></span>na <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>mod<span class=\"_ _1\"></span>alit\u00e0 <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>transizione, <span class=\"_ _14\"> </span>il cambiamento \u00e8 cont<span class=\"_ _0\"></span>abilizzato secondo il<span class=\"_ _0\"></span> metodo <span class=\"_ _0\"></span>retroattivo o, se<span class=\"_ _0\"></span> impraticabi<span class=\"_ _0\"></span>le, prospettico. Nel caso di errori rilevant<span class=\"_ _0\"></span>i si applica lo stesso trattamento previ<span class=\"_ _0\"></span>sto per i cambiamenti<span class=\"_ _0\"></span> nei <span class=\"_ _2\"> </span>principi <span class=\"_ _2\"> </span>contabili <span class=\"_ _2\"> </span>illustrato <span class=\"_ _2\"> </span>in <span class=\"_ _2\"> </span>precedenza. <span class=\"_ _2\"> </span>Nel <span class=\"_ _2\"> </span>caso <span class=\"_ _2\"> </span>di <span class=\"_ _13\"> </span>errori <span class=\"_ _2\"> </span>non <span class=\"_ _2\"> </span>rilevanti <span class=\"_ _2\"> </span>la contabilizzazi<span class=\"_ _0\"></span>one \u00e8 effettuata a<span class=\"_ _0\"></span> Conto Economico<span class=\"_ _0\"></span> nel periodo in<span class=\"_ _0\"></span> cui l\u2019error<span class=\"_ _0\"></span>e \u00e8 rilevato.<span class=\"ff2\"> </span>I <span class=\"_ _1\"></span>cambiamenti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>stima <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>contabilizzati prospetticamente <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Conto <span class=\"_ _1\"></span>Economico <span class=\"_ _1\"></span>nel periodo in <span class=\"_ _0\"></span>cui avvien<span class=\"_ _0\"></span>e il <span class=\"_ _0\"></span>cambiamento se <span class=\"_ _0\"></span>influisce <span class=\"_ _0\"></span>solo <span class=\"_ _0\"></span>su quest\u2019ultimo <span class=\"_ _0\"></span>oppure ne<span class=\"_ _0\"></span>l periodo <span class=\"_ _0\"></span>in cui \u00e8 avvenuto<span class=\"_ _0\"></span> il cambia<span class=\"_ _0\"></span>mento e<span class=\"_ _0\"></span> nei periodi<span class=\"_ _0\"></span> successivi se il <span class=\"_ _0\"></span>cambiamento<span class=\"_ _0\"></span> influisce anche su<span class=\"_ _0\"></span> questi ultimi.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__21": {
   "value": "PRINCIPI DI CONSOLIDAMENTO Area di consolidamento Per <span class=\"_ _1\"></span>l\u2019elenco <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>partecipazi<span class=\"_ _0\"></span>oni <span class=\"_ _1\"></span>incluse <span class=\"_ _1\"></span>nell\u2019area di <span class=\"_ _1\"></span>consolidamento <span class=\"_ _4\"></span><span class=\"ff2\">e <span class=\"_ _1\"></span>per la <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>elativa<span class=\"_ _0\"></span> </span>modalit\u00e0 <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>consolidam<span class=\"_ _0\"></span>ento <span class=\"_ _18\"> </span>si <span class=\"_ _18\"> </span>fa <span class=\"_ _18\"> </span>riferimento <span class=\"_ _15\"> </span>al <span class=\"_ _18\"> </span>prospetto <span class=\"_ _18\"> </span>allegato<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>alle <span class=\"_ _18\"> </span>presenti <span class=\"_ _18\"> </span>Not<span class=\"lsd\">e </span>esplicative. Nel co<span class=\"_ _0\"></span>rso del 2022 non<span class=\"_ _0\"></span> si sono verificate va<span class=\"_ _0\"></span>riazioni di peri<span class=\"_ _0\"></span>metro. Ragione Sociale Sede Caltagirone SpA. Italia Aalborg Cement Company Inc U.S.A. Aalborg Portland A/S Danimarca Aalborg Portland Holding A/S Danimarca Aalborg Portland Australia Pty Ltd Australia Aalborg Portland Belgium SA Belgio Aalborg Portland Digital Srl Italia Aalborg Portland France SAS Francia Aalborg Portland Espana SL Spagna Aalborg Portland Island\u00ec EHF Islanda Aalborg Portland Malaysia SDN BHD Malesia Aalborg Portland OOO LLC Russia Aalborg Portland Polska Spzoo Polonia Aalborg Portland US Inc U.S.A. Aalborg Portland Anqing Co Ltd Cina Aalborg Resources Sdn Bhd Malesia AB Sydsten Svezia Alfacem Srl Italia Aventina Srl Italia Basi 15 Srl Italia Buccimazza Ind.Work Corp. Liberia Calt 2004 Srl Italia Caltagirone Editore SpA Italia Capitolium Srl Italia Ced Digital &amp; Servizi Srl Italia Cementir Holding NV  Olanda Cementir Espana S.L. Spagna Cimbeton A.S. Turchia Cimentas A.S. Turchia Compagnie des Cimentes Belges SA Belgio Compagnie des Cimentes Belges France SA Francia Corriere Adriatico Srl Italia De Paepe Beton NV Belgio Destek A.S. Turchia Domus Italia SpA Italia Domus Roma 15 Srl Italia Ege Kirmatas AS Turchia Finced Srl Italia Gaetano Cacciatore Inc. U.S.A. Globocem S.L. Spagna Il Gazzettino SpA  Italia Il Mattino SpA  Italia Il Messaggero SpA Italia Imprese Tipografiche Venete Srl Italia Kars Cimento A.S. Turchia Kudsk Og Dahl A/S Danimarca Leggo Srl Italia Lehigh White Cement Company U.S.A. Mantegna \u201987 <span class=\"ff2 ls25\">Srl<span class=\"ls0\"> </span></span>Italia Neales Waste Management Limited Gran Bretagna NWM Holding Limited Gran Bretagna Parted 1982 Srl  Italia Piemme SpA  Italia P.I.M. Srl  Italia Quercia Limited Gran Bretagna Quotidiano di Puglia Srl Italia Recydia AS Turchia Servizi Italia 15 Srl Italia S.i.Me. Srl Italia Sinai White Portland Cement Company SAE  Egitto Societe des Carrieres du Tournaisis SA Belgio Spartan Hive SpA italia Stampa Roma 2015 Srl Italia Stampa Napoli 2015 Srl Italia Stampa Venezia Srl<span class=\"ff7\"> </span> Italia Sureko AS Turchia Svim 15 Srl Italia Unicon A/S Danimarca Unicon AS Norvegia Vianco Srl Italia Vianini Energia Srl Italia Vianini SpA Italia Vianini Lavori SpA Italia Vianini Pipe Inc U.S.A. Viapar Srl Italia White Cement Company LLC U.S.A. Turchia <span class=\"ff3\">\u2013</span> <span class=\"ff3\">economia iperinflazionata: impatti per l\u2019applicazione dello IAS 29</span> A <span class=\"_ _5\"></span>partire <span class=\"_ _a\"></span>da <span class=\"_ _5\"></span>aprile <span class=\"_ _5\"></span><span class=\"ff6\">2022 <span class=\"_ _a\"></span>l\u2019economia <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>urca <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>considerata <span class=\"_ _a\"></span></span>in <span class=\"_ _5\"></span>iperinflazion<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>ai criteri stabiliti dal<span class=\"_ _0\"></span>lo \u201cIAS 29<span class=\"_ _0\"></span> <span class=\"ff2\">- </span>Rendicontazione contabi<span class=\"_ _0\"></span>le in economie<span class=\"_ _0\"></span> iperinflazionate\u201d. <span class=\"ff2\"> </span>Ai <span class=\"_ _3\"></span>fini <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>predisposizione <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>presente <span class=\"_ _3\"></span>Bilancio <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>accordo <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>quanto disposto <span class=\"_ _4\"></span>dallo <span class=\"_ _1\"></span>IAS <span class=\"_ _4\"></span>29, <span class=\"_ _1\"></span>talune <span class=\"_ _4\"></span>voci <span class=\"_ _1\"></span>delle <span class=\"_ _4\"></span>situazioni <span class=\"_ _1\"></span>patrimoniali <span class=\"_ _4\"></span>delle <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _4\"></span>partecipate <span class=\"_ _4\"></span>con<span class=\"_ _0\"></span> sede <span class=\"_ _1\"></span><span class=\"ff6\">in <span class=\"_ _1\"></span>Turchia <span class=\"_ _4\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>state <span class=\"_ _1\"></span>rimisurate <span class=\"_ _1\"></span>applicando <span class=\"_ _1\"></span>l\u2019indice <span class=\"_ _1\"></span>generale <span class=\"_ _1\"></span>dei <span class=\"_ _4\"></span>pre<span class=\"_ _0\"></span>zzi <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>consumo <span class=\"_ _4\"></span>ai </span>dati <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>orici, <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ine <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>riflettere <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>modifiche <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>potere <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>acquisto <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>peso <span class=\"_ _4\"></span>turco <span class=\"_ _5\"></span>alla <span class=\"_ _4\"></span>data <span class=\"_ _5\"></span>di chiusura del bilanci<span class=\"_ _0\"></span>o<span class=\"ls9\">. </span> Nell'appli<span class=\"_ _0\"></span>cazione del<span class=\"_ _0\"></span>lo IAS <span class=\"_ _0\"></span>29 su <span class=\"_ _0\"></span>base con<span class=\"_ _0\"></span>tinuativa, e<span class=\"_ _0\"></span> secondo <span class=\"_ _0\"></span>quanto<span class=\"_ _0\"></span> richiesto dal<span class=\"_ _0\"></span>lo IAS <span class=\"_ _17\"></span>21, <span class=\"_ _17\"></span>i <span class=\"_ _17\"></span>dati <span class=\"_ _17\"> </span>comparativi<span class=\"_ _0\"></span> <span class=\"_ _17\"></span>non <span class=\"_ _17\"></span>sono <span class=\"_ _17\"></span>stati <span class=\"_ _17\"></span>ridetermina<span class=\"_ _0\"></span>ti <span class=\"_ _17\"></span>ma, <span class=\"_ _17\"></span>in <span class=\"_ _17\"></span>base <span class=\"_ _17\"></span>al <span class=\"_ _17\"></span>criterio <span class=\"_ _a\"></span>adottato, <span class=\"_ _17\"></span>le differenze tra il <span class=\"_ _1\"></span>patrimonio netto <span class=\"_ _1\"></span>al 31 <span class=\"_ _1\"></span>dicembre 2021, <span class=\"_ _1\"></span>cos\u00ec come <span class=\"_ _4\"></span>presenta<span class=\"_ _0\"></span>to, e <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>patrimonio<span class=\"_ _0\"></span> netto <span class=\"_ _5\"></span>dopo <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>rideterminazion<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>poste <span class=\"_ _4\"></span>non <span class=\"_ _5\"></span>monetarie <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _4\"></span>2021 <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>state<span class=\"_ _0\"></span> imputate a Patri<span class=\"_ _0\"></span>monio Netto<span class=\"_ _0\"></span>. Tenendo <span class=\"_ _4\"></span>presente <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span><span class=\"ls0\">Caltagirone <span class=\"_ _1\"></span>ha <span class=\"_ _4\"></span>acquisito <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>controllo <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>principal<span class=\"_ _0\"></span>i </span>societ\u00e0 <span class=\"_ _17\"></span>turche <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>settembre <span class=\"_ _17\"> </span>2001, <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span><span class=\"ff6\">che <span class=\"_ _19\"> </span>le <span class=\"_ _17\"> </span>st<span class=\"_ _1\"></span>esse <span class=\"_ _17\"> </span>hanno <span class=\"_ _19\"> </span>applicato <span class=\"_ _17\"> </span>l\u2019iperinflazione <span class=\"_ _17\"> </span>fino <span class=\"_ _19\"> </span>al </span>31.12.2004, <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>rimisura<span class=\"_ _0\"></span>zione <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span>dati <span class=\"_ _5\"></span>patrimoniali <span class=\"_ _5\"></span>non <span class=\"_ _a\"></span>monetari <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>bilanci <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>tali <span class=\"_ _a\"></span>socie<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _5\"></span>\u00e8 stata <span class=\"_ _0\"></span>effe<span class=\"_ _0\"></span>ttuata <span class=\"_ _0\"></span>applican<span class=\"_ _0\"></span>do <span class=\"_ _3\"></span>gli i<span class=\"_ _0\"></span>ndici <span class=\"_ _3\"></span>di infla<span class=\"_ _0\"></span>zione <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>partire<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _3\"></span>tale da<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>dalla <span class=\"_ _3\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>acquis<span class=\"_ _0\"></span>to dei beni oggetto di <span class=\"_ _0\"></span>rivalutazi<span class=\"_ _0\"></span>one, se successiva.<span class=\"_ _0\"></span> Gli <span class=\"_ _a\"></span>effetti <span class=\"_ _a\"></span>contabili <span class=\"_ _a\"></span>di <span class=\"_ _17\"></span>tale <span class=\"_ _a\"></span>adeguamento, <span class=\"_ _a\"></span>oltre <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>essere <span class=\"_ _17\"></span>gi\u00e0 <span class=\"_ _a\"></span>riflessi <span class=\"_ _a\"></span>nella <span class=\"_ _a\"></span>situazione patrimoniale <span class=\"_\"> </span>di <span class=\"_ _b\"> </span>apertura<span class=\"_ _0\"></span> <span class=\"_\"> </span>al <span class=\"_\"> </span>1\u00b0 <span class=\"_\"> </span>gennaio <span class=\"_ _b\"> </span>2022, <span class=\"_ _b\"> </span>recepiscono <span class=\"_ _b\"> </span>le <span class=\"_\"> </span>variazioni<span class=\"_ _0\"></span> <span class=\"_\"> </span>del <span class=\"_ _b\"> </span>periodo. <span class=\"_\"> </span>In<span class=\"_ _0\"></span> particolare, <span class=\"_ _1\"></span>l\u2019effetto <span class=\"_ _4\"></span>relativo <span class=\"_ _1\"></span>alla <span class=\"_ _4\"></span><span class=\"ff2\">rimisurazione <span class=\"_ _4\"></span>delle <span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>passivit\u00e0 <span class=\"_ _4\"></span>non <span class=\"_ _1\"></span>monetarie, <span class=\"_ _4\"></span>delle </span>poste <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>patri<span class=\"_ _0\"></span>monio <span class=\"_ _5\"></span>netto, <span class=\"_ _a\"></span>nonch\u00e9<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>componenti <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>conto <span class=\"_ _5\"></span>economico <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ilevate <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>corso del<span class=\"ff6 ls0\">l\u2019esercizi<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span><span class=\"ff2\">2022 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>stato <span class=\"_ _1\"></span>rilevato <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>una <span class=\"_ _4\"></span>appo<span class=\"_ _0\"></span>sita <span class=\"_ _1\"></span>voce <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>conto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>economico <span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>proventi<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e </span></span>oneri <span class=\"_ _a\"></span>finanziari. <span class=\"_ _a\"></span>Il <span class=\"_ _a\"></span>relativo <span class=\"_ _a\"></span>effetto <span class=\"_ _a\"></span>fiscale <span class=\"_ _a\"></span>delle <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>monetarie<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _17\"></span>stato <span class=\"_ _a\"></span>rilevato <span class=\"_ _a\"></span>tra <span class=\"_ _a\"></span>le imposte del periodo.<span class=\"_ _0\"></span>  Per tener<span class=\"_ _0\"></span> conto<span class=\"_ _0\"></span> dell<span class=\"_ _0\"></span>\u2019impatto de<span class=\"_ _0\"></span>ll\u2019iperi<span class=\"_ _0\"></span>nflazione anc<span class=\"_ _0\"></span>he sul<span class=\"_ _0\"></span> corso<span class=\"_ _0\"></span> moneta<span class=\"_ _0\"></span>rio d<span class=\"_ _0\"></span>ella val<span class=\"_ _0\"></span>uta locale, <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>saldi <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>conti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>economici <span class=\"_ _4\"></span>espressi<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>valuta <span class=\"_ _4\"></span>iper-inflazionata <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>stati <span class=\"_ _1\"></span>convertiti <span class=\"_ _4\"></span>in Euro, <span class=\"_ _5\"></span>valuta <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>presenta<span class=\"_ _0\"></span>zione <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>Caltagirone, <span class=\"_ _4\"></span>applicando <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>cambio <span class=\"_ _5\"></span>finale anzich\u00e9 <span class=\"_ _3\"></span>quello <span class=\"_ _3\"></span>medio <span class=\"_ _0\"></span>del <span class=\"_ _3\"></span>periodo, <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>con <span class=\"_ _0\"></span>quanto <span class=\"_ _3\"></span>richiesto <span class=\"_ _3\"></span>dallo <span class=\"_ _3\"></span>IAS <span class=\"_ _0\"></span>21<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>fine <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>riportare<span class=\"_ _0\"></span> tali ammontari<span class=\"_ _0\"></span> ai valori corren<span class=\"_ _0\"></span>ti.  Di seguito si ripo<span class=\"_ _0\"></span>rtano i livell<span class=\"_ _0\"></span>i cumulati degli indi<span class=\"_ _0\"></span>ci generali dei prezzi<span class=\"_ _0\"></span> al consumo: \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span>Dal 1\u00b0 gennaio 2005<span class=\"_ _0\"></span> al 31 dicembr<span class=\"_ _0\"></span>e 2021: 503<span class=\"_ _0\"></span>% </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span>Dal 1\u00b0 gennaio 2022<span class=\"_ _0\"></span> al 31 dicembr<span class=\"_ _0\"></span>e 2022: <span class=\"ls2\">64</span>% </span>Nel <span class=\"_ _1\"></span>corso <span class=\"_ _1\"></span><span class=\"ff6\">dell\u2019esercizi<span class=\"_ _0\"></span>o<span class=\"ff2\"> <span class=\"_ _1\"></span></span>2022 <span class=\"_ _1\"></span>l\u2019applicazione dello <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>AS <span class=\"_ _1\"></span>29 <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>comportato la <span class=\"_ _1\"></span>rilevazione <span class=\"_ _1\"></span>di </span>un provento finanzi<span class=\"_ _0\"></span>ario netto (al lordo<span class=\"_ _0\"></span> delle impos<span class=\"_ _0\"></span>te) pari a <span class=\"ls2\">20<span class=\"ls9\">,1</span></span> mili<span class=\"_ _0\"></span>oni di euro. <span class=\"_ _0\"></span> Di <span class=\"_ _0\"></span>seguito <span class=\"_ _3\"></span>si ripo<span class=\"_ _0\"></span>rtano <span class=\"_ _0\"></span>gli <span class=\"_ _3\"></span>effetti <span class=\"_ _0\"></span>dello <span class=\"_ _3\"></span>IAS 29<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sull<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>Stato <span class=\"_ _0\"></span>patri<span class=\"_ _0\"></span>moniale <span class=\"_ _3\"></span>al 31 <span class=\"_ _0\"></span>dicembre <span class=\"_ _0\"></span>2022<span class=\"_ _3\"></span> e <span class=\"_ _5\"></span>gli <span class=\"_ _a\"></span>impat<span class=\"_ _0\"></span><span class=\"ff6\">ti <span class=\"_ _5\"></span>dell\u2019iperinflazione <span class=\"_ _4\"></span>sulle <span class=\"_ _a\"></span>princi<span class=\"_ _0\"></span>pali <span class=\"_ _5\"></span>voci <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Conto <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span><span class=\"ff2\">2022, </span></span>differenziando gli<span class=\"_ _0\"></span> stessi tra la<span class=\"_ _0\"></span> rivalutazione<span class=\"_ _0\"></span> effettuata in<span class=\"_ _0\"></span> base agl<span class=\"_ _0\"></span>i indici ge<span class=\"_ _0\"></span>nerali dei pr<span class=\"_ _0\"></span>ezzi al consumo <span class=\"_ _1\"></span>e l\u2019applicazione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>tasso <span class=\"_ _1\"></span>di cambio <span class=\"_ _1\"></span>finale, <span class=\"_ _1\"></span>anzich\u00e9 del <span class=\"_ _1\"></span>tasso<span class=\"_ _1\"></span><span class=\"ff2\"> <span class=\"_ _1\"></span>di cambio <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>del </span>periodo, secondo quan<span class=\"_ _0\"></span>to previs<span class=\"_ _0\"></span>to dallo IAS 21 per le econo<span class=\"_ _0\"></span>mie iperin<span class=\"_ _0\"></span>flazionate: Effetto Effetto Iperinflazione Effetto Effetto Iperinflazione  Euro ('000) iperinflazione del cumulato al 01.01.2022 cambi cumulato al 31.12.2022 periodo Totale attivit\u00e0  128.546   105.815   (30.464)   203.897  Totale passivit\u00e0  12.502   9.642   (2.963)   19.181  Patrimonio netto  116.044   96.173   (27.501)   184.716  Totale Effetto IAS29 Effetto IAS 21 Effetto Totale ricavi operativi  28.729   (33.928)   (5.199)  Totale costi operativi  (45.251)   30.678   (14.573)  Margine operativo lordo  (16.522)   (3.250)   (19.772)  Totale ammortamenti, svalutazioni  (10.375)   1.091   (9.284)  ed accantonamenti Risultato operativo  (26.897)   (2.159)   (29.056)  Risultato della gestione finanziaria  18.709   1.323   20.032  Risultato prima delle imposte  (8.188)   (836)   (9.024)  Imposte  (3.797)   (736)   (4.533)  Utile del periodo  (11.985)   (1.572)   (13.557)  Utile (Perdita) di Gruppo  (5.699)   (714)   (6.412)  Utile (Perdita) di Terzi  (6.286)   (857)   (7.144)  Cambiamento c<span class=\"_ _0\"></span>limatico In consi<span class=\"_ _0\"></span>derazione <span class=\"_ _0\"></span>della s<span class=\"_ _0\"></span>truttura<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>i po<span class=\"_ _0\"></span>tenzi<span class=\"_ _0\"></span>ali effe<span class=\"_ _0\"></span>tti derivan<span class=\"_ _0\"></span>ti dal<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cambiamento<span class=\"_ _0\"></span> climatico <span class=\"_ _16\"> </span>sono <span class=\"_ _14\"> </span>riferibil<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>principalmente <span class=\"_ _16\"> </span>al <span class=\"_ _14\"> </span>gruppo <span class=\"_ _16\"> </span>Cementir. <span class=\"_ _14\"> </span>La <span class=\"_ _14\"> </span>capacit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _16\"> </span>dell'industria <span class=\"_ _16\"> </span>del cemento <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _1\"></span>idurre<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>proprie <span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>missioni <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>CO2 <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>rispondere <span class=\"_ _a\"></span>ai <span class=\"_ _5\"></span>cambia<span class=\"_ _1\"></span>menti <span class=\"_ _a\"></span>climatici<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>\u00e8 diventata <span class=\"_ _17\"></span>un <span class=\"_ _17\"></span>punto <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>ocale <span class=\"_ _a\"></span>per <span class=\"_ _19\"> </span>gli <span class=\"_ _a\"></span>investitori. <span class=\"_ _17\"></span>Nel <span class=\"_ _17\"></span>2021, <span class=\"_ _17\"></span>il <span class=\"_ _19\"> </span>gruppo <span class=\"_ _17\"></span>Cementir <span class=\"_ _17\"></span>ha <span class=\"_ _17\"></span>lanciato <span class=\"_ _a\"></span>un progetto per implementare le raccomandazioni del<span class=\"_ _0\"></span>la TCFD (Task Force on Climate<span class=\"_ _1\"></span>-Related Financial <span class=\"_ _0\"></span>Disclosure) i<span class=\"_ _0\"></span>mpegnandosi a <span class=\"_ _0\"></span>essere <span class=\"_ _0\"></span>trasparente <span class=\"_ _0\"></span>sui rischi <span class=\"_ _0\"></span>e le op<span class=\"_ _0\"></span>portunit\u00e0 l<span class=\"_ _0\"></span>egate al<span class=\"_ _0\"></span> cambiamento climatico. Il gruppo Cementir si <span class=\"_ _1\"></span>impegna inoltre a garantire la tr<span class=\"_ _1\"></span>asparenza dei propri <span class=\"_ _17\"></span>rischi <span class=\"_ _17\"></span>e <span class=\"_ _17\"> </span>opportunit\u00e0 <span class=\"_ _17\"></span>legati <span class=\"_ _17\"></span>al <span class=\"_ _17\"></span>clima <span class=\"_ _17\"></span>in <span class=\"_ _17\"></span>linea <span class=\"_ _17\"></span>con <span class=\"_ _17\"></span>la <span class=\"_ _17\"></span>tassonomia <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>ichiesta <span class=\"_ _a\"></span>dall'Unione Europea. L'identificazi<span class=\"_ _0\"></span>one, la valutazione e la ges<span class=\"_ _0\"></span>tione efficace dei rischi<span class=\"_ _0\"></span> e delle opportunit\u00e0<span class=\"_ _0\"></span> legate <span class=\"_ _a\"></span>al <span class=\"_ _17\"></span>cambiamento <span class=\"_ _a\"></span>climatico <span class=\"_ _a\"></span>sono <span class=\"_ _17\"></span>pienamente <span class=\"_ _a\"></span>integrate<span class=\"_ _0\"></span> <span class=\"_ _17\"></span>nel <span class=\"_ _17\"></span>proces<span class=\"_ _0\"></span>so <span class=\"_ _17\"></span>di <span class=\"_ _a\"></span>gestione <span class=\"_ _17\"></span>dei rischi del gruppo Cemen<span class=\"_ _0\"></span>tir. Come <span class=\"_ _3\"></span>suggerito <span class=\"_ _3\"></span>dall<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>TCFD, <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>gr<span class=\"_ _1\"></span>uppo <span class=\"_ _3\"></span>Ce<span class=\"_ _0\"></span>mentir <span class=\"_ _3\"></span>monitora <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>rischi <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>opportunit\u00e0 <span class=\"_ _3\"></span>derivant<span class=\"_ _0\"></span>i dall'evoluzi<span class=\"_ _0\"></span>one <span class=\"_ _6\"> </span>degli <span class=\"_\"> </span>scenari <span class=\"_ _6\"> </span>di <span class=\"_\"> </span>t<span class=\"_ _1\"></span>ransizion<span class=\"_ _0\"></span>e <span class=\"_ _6\"> </span>e <span class=\"_\"> </span>dall'evoluzione <span class=\"_\"> </span>delle <span class=\"_ _6\"> </span>variabil<span class=\"_ _0\"></span>i <span class=\"_ _6\"> </span>fisiche. <span class=\"_ _6\"> </span>Per maggiori <span class=\"_ _3\"></span>dettagli <span class=\"_ _3\"></span>sugli <span class=\"_ _0\"></span>scen<span class=\"_ _0\"></span>ari <span class=\"_ _3\"></span>utilizzati, <span class=\"_ _0\"></span>si <span class=\"_ _3\"></span>rimanda <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>quanto <span class=\"_ _3\"></span>descritto <span class=\"_ _3\"></span>nella <span class=\"_ _3\"></span>Dichiarazione <span class=\"_ _3\"></span>non finanziaria 2022. Le variabili fisiche<span class=\"_ _0\"></span> sono suddivi<span class=\"_ _0\"></span>se in due categorie<span class=\"_ _0\"></span> di rischio: A. Acu<span class=\"_ _0\"></span>to: lega<span class=\"_ _0\"></span>to al<span class=\"_ _0\"></span> verific<span class=\"_ _0\"></span>arsi di<span class=\"_ _0\"></span> condi<span class=\"_ _0\"></span>zioni <span class=\"_ _0\"></span>meteorol<span class=\"_ _0\"></span>ogiche est<span class=\"_ _0\"></span>reme co<span class=\"_ _0\"></span>me c<span class=\"_ _0\"></span>icloni, <span class=\"_ _0\"></span>uragani o <span class=\"_ _1\"></span>alluvioni<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>fenomeni fisici acuti, <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>vari <span class=\"_ _1\"></span>casi, sono <span class=\"_ _1\"></span>caratterizzati da <span class=\"_ _1\"></span>una notevole <span class=\"_ _1\"></span>intensit\u00e0 e da <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>frequenza<span class=\"_ _0\"></span> di a<span class=\"_ _0\"></span>ccadimento<span class=\"_ _0\"></span> non<span class=\"_ _0\"></span> elevata<span class=\"_ _0\"></span> nel<span class=\"_ _0\"></span> breve <span class=\"_ _0\"></span>periodo,<span class=\"_ _0\"></span> ma <span class=\"_ _0\"></span>che, <span class=\"_ _0\"></span>considerando<span class=\"_ _0\"></span> gli<span class=\"_ _0\"></span> scenari di lungo pe<span class=\"_ _0\"></span>riodo, vede una<span class=\"_ _0\"></span> chiara tendenza al<span class=\"_ _0\"></span>l'aumento; B. Cronico:<span class=\"_ _0\"></span> si riferisce<span class=\"_ _0\"></span> a cambiamen<span class=\"_ _0\"></span>ti graduali<span class=\"_ _0\"></span> e a lungo<span class=\"_ _0\"></span> termine<span class=\"_ _0\"></span> nei modell<span class=\"_ _0\"></span>i climatici (ad<span class=\"_ _3\"></span> esempio, tempe<span class=\"_ _0\"></span>rature el<span class=\"_ _0\"></span>evate sos<span class=\"_ _0\"></span>tenute) che pos<span class=\"_ _0\"></span>sono causare <span class=\"_ _0\"></span>l'innalza<span class=\"_ _0\"></span>mento del<span class=\"_ _0\"></span> livell<span class=\"_ _0\"></span>o del mare o ondate di<span class=\"_ _0\"></span> calore croniche. Per <span class=\"_ _15\"> </span>quanto <span class=\"_ _18\"> </span>riguarda <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>processo <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>t<span class=\"_ _1\"></span>ransizion<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>energetica, <span class=\"_ _15\"> </span>verso <span class=\"_ _18\"> </span>una <span class=\"_ _15\"> </span>progressiva riduzione delle emissioni di carbonio, <span class=\"_ _1\"></span>esistono rischi e opportunit\u00e0 legati ai cambiame<span class=\"_ _1\"></span>nti <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span> contesto norma<span class=\"_ _0\"></span>tivo, tecnolog<span class=\"_ _0\"></span>ico, di mercato e<span class=\"_ _0\"></span> reputazionale. Il <span class=\"_ _15\"> </span>gruppo <span class=\"_ _15\"> </span>Cementi<span class=\"_ _0\"></span>r <span class=\"_ _15\"> </span>ha <span class=\"_ _15\"> </span>deciso <span class=\"_ _15\"> </span>di <span class=\"_ _6\"> </span>allinearsi <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>framework <span class=\"_ _6\"> </span>TCFD <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>rappresen<span class=\"_ _0\"></span>tare chiaramente <span class=\"_ _3\"></span>le <span class=\"_ _2b\"></span>tipologie <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>rischi <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>opportunit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>indicando <span class=\"_ _3\"></span>come <span class=\"_ _3\"></span>ciascuno<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>essi <span class=\"_ _3\"></span>debba <span class=\"_ _3\"></span>esser<span class=\"_ _0\"></span>e gestito. <span class=\"_ _a\"></span>Gli <span class=\"_ _a\"></span>effetti <span class=\"_ _5\"></span>sono <span class=\"_ _17\"></span>stati <span class=\"_ _a\"></span>valutati <span class=\"_ _a\"></span>su <span class=\"_ _5\"></span>tre <span class=\"_ _17\"></span>orizzo<span class=\"_ _0\"></span>nti <span class=\"_ _a\"></span>temporali: <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>breve <span class=\"_ _a\"></span>termine <span class=\"_ _a\"></span>(1<span class=\"_ _1\"></span>-3 <span class=\"_ _a\"></span>anni), legato <span class=\"_ _a\"></span>all'implementazione <span class=\"_ _a\"></span>del <span class=\"_ _17\"> </span>Piano <span class=\"_ _17\"></span>Industriale; <span class=\"_ _a\"></span>il <span class=\"_ _17\"></span>medio <span class=\"_ _17\"></span>termine <span class=\"_ _a\"></span>fino <span class=\"_ _17\"> </span>al <span class=\"_ _17\"></span>2030, <span class=\"_ _17\"></span>durante <span class=\"_ _a\"></span>il quale <span class=\"_ _a\"></span>sar\u00e0 <span class=\"_ _a\"></span>possibile <span class=\"_ _a\"></span>vedere <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>effetti <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>transizi<span class=\"_ _0\"></span>one <span class=\"_ _a\"></span>energetica; <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>lungo <span class=\"_ _a\"></span>t<span class=\"_ _1\"></span>ermine <span class=\"_ _a\"></span>fino <span class=\"_ _a\"></span>al<span class=\"_ _0\"></span> 2050, <span class=\"_ _a\"></span>durante <span class=\"_ _a\"></span>il <span class=\"_ _17\"></span>quale <span class=\"_ _a\"></span>il <span class=\"_ _17\"></span>gruppo <span class=\"_ _a\"></span>Cementir <span class=\"_ _a\"></span>si <span class=\"_ _17\"></span>impegna <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>aggiungere<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>emissioni <span class=\"_ _a\"></span>nette <span class=\"_ _17\"></span>zero lungo tutta <span class=\"_ _1\"></span>la sua <span class=\"_ _1\"></span>catena del <span class=\"_ _1\"></span>valore.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Come afferma la <span class=\"_ _1\"></span>TCFD, il <span class=\"_ _1\"></span>processo di <span class=\"_ _1\"></span>divulgazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>dei rischi <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>opportunit\u00e0 <span class=\"_ _5\"></span>legati <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>cambiamento <span class=\"_ _5\"></span>climatico <span class=\"_ _5\"></span>sa<span class=\"_ _1\"></span>r\u00e0 <span class=\"_ _a\"></span>gradua<span class=\"_ _0\"></span>le <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>incrementale <span class=\"_ _5\"></span>di anno in anno. Procedure di conso<span class=\"_ _0\"></span>lidamento Le <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _4\"></span>controll<span class=\"_ _0\"></span>ate <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>consolidate <span class=\"_ _1\"></span>secondo <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>metodo <span class=\"_ _1\"></span>integrale. <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>criteri <span class=\"_ _1\"></span>adottati per il consolidamen<span class=\"_ _0\"></span>to integrale sono i<span class=\"_ _0\"></span> seguenti: \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">le <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>passivit\u00e0,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>oneri <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>proventi <span class=\"_ _1\"></span>delle entit\u00e0 <span class=\"_ _1\"></span>consolidate <span class=\"_ _1\"></span>integralmente<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>sono </span></span>assunti <span class=\"_ _19\"> </span>linea <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>linea, <span class=\"_ _17\"> </span>attribuendo <span class=\"_ _19\"> </span>ai <span class=\"_ _19\"> </span>soci <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>minoranza, <span class=\"_ _19\"> </span>ove <span class=\"_ _19\"> </span>applicabile, <span class=\"_ _17\"> </span>la <span class=\"_ _19\"> </span>quota <span class=\"_ _19\"> </span>di Patrimonio <span class=\"_ _16\"> </span>netto <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>Risultato <span class=\"_ _16\"> </span>netto <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>periodo <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>loro <span class=\"_ _16\"> </span>spettanza; <span class=\"_ _16\"> </span>tali <span class=\"_ _16\"> </span>quote <span class=\"_ _14\"> </span>sono evidenziate <span class=\"_ _14\"> </span>separatamente <span class=\"_ _14\"> </span>nell\u2019ambito <span class=\"_ _14\"> </span>del <span class=\"_ _14\"> </span>Patrimonio <span class=\"_ _14\"> </span>netto <span class=\"_ _b\"> </span>e <span class=\"_ _14\"> </span>del <span class=\"_ _b\"> </span>Con<span class=\"_ _0\"></span>to <span class=\"_ _14\"> </span>economico complessivo consol<span class=\"_ _0\"></span>idato; \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">le <span class=\"_ _3\"></span>transazioni <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>saldi <span class=\"_ _3\"></span>infragruppo, <span class=\"_ _3\"></span>inclusi <span class=\"_ _3\"></span>eventuali <span class=\"_ _3\"></span>utili <span class=\"_ _0\"></span>non <span class=\"_ _3\"></span>realizzati <span class=\"_ _3\"></span>verso <span class=\"_ _0\"></span>terzi <span class=\"_ _3\"></span>derivanti </span></span>da <span class=\"_ _4\"></span>rapporti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>intrattenuti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>tra <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _4\"></span>del <span class=\"_ _1\"></span>Gruppo, <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>eliminati <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>netto <span class=\"_ _4\"></span>del <span class=\"_ _1\"></span>relativo <span class=\"_ _4\"></span>effetto fiscale, <span class=\"_ _15\"> </span>se <span class=\"_ _18\"> </span>significativo.<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>Le <span class=\"_ _18\"> </span>perdite <span class=\"_ _18\"> </span>non <span class=\"_ _15\"> </span>realizzate <span class=\"_ _15\"> </span>non <span class=\"_ _18\"> </span>sono <span class=\"_ _18\"> </span>elimina<span class=\"_ _0\"></span>te, <span class=\"_ _15\"> </span>qualora <span class=\"_ _18\"> </span>la transazione fo<span class=\"_ _0\"></span>rnisca evidenza di<span class=\"_ _0\"></span> una riduzione di <span class=\"_ _0\"></span>valore dell\u2019attivi<span class=\"_ _0\"></span>t\u00e0 trasferita;<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">gli <span class=\"_ _2b\"></span>utili <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>perdite<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>derivanti <span class=\"_ _3\"></span>dall<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>cessioni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>quote <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>partecipazi<span class=\"_ _0\"></span>one <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _3\"></span>consoli<span class=\"_ _0\"></span>date </span></span>sono <span class=\"_ _6\"> </span>imputa<span class=\"_ _0\"></span>ti <span class=\"_ _6\"> </span>a <span class=\"_\"> </span>patrimonio <span class=\"_\"> </span>netto <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>gruppo <span class=\"_\"> </span>come <span class=\"_\"> </span>transazioni <span class=\"_ _6\"> </span>con <span class=\"_\"> </span>gli <span class=\"_ _6\"> </span>azionisti <span class=\"_\"> </span>per l\u2019ammontare <span class=\"_ _5\"></span>corrispondente <span class=\"_ _5\"></span>alla <span class=\"_ _a\"></span>differenza <span class=\"_ _5\"></span>fra <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>prezzo <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>vendita <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>corrispond<span class=\"_ _0\"></span>ente frazione del <span class=\"_ _0\"></span>patrimonio <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>consolidato <span class=\"_ _0\"></span>ceduta. <span class=\"_ _0\"></span>Nel<span class=\"_ _0\"></span> caso in <span class=\"_ _0\"></span>cui la <span class=\"_ _0\"></span>cessione<span class=\"_ _0\"></span> determini <span class=\"_ _0\"></span>la perdita del <span class=\"_ _0\"></span>controllo e<span class=\"_ _0\"></span> quindi<span class=\"_ _0\"></span> il deconsolidamen<span class=\"_ _0\"></span>to de<span class=\"_ _0\"></span>lla partecipa<span class=\"_ _0\"></span>zione, la d<span class=\"_ _0\"></span>ifferenza tra<span class=\"_ _0\"></span> il prezzo <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>vendita <span class=\"_ _17\"> </span>e <span class=\"_ _19\"> </span>la <span class=\"_ _17\"></span>corrispondente<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>quota <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>patr<span class=\"_ _1\"></span>imonio<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>netto <span class=\"_ _19\"> </span>consolida<span class=\"_ _0\"></span>to <span class=\"_ _17\"> </span>ceduta <span class=\"_ _17\"></span>\u00e8 rilevata come util<span class=\"_ _0\"></span>e o perdi<span class=\"_ _0\"></span>ta al conto economico.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__22": {
   "value": "Societ\u00e0 Controllate<span class=\"ffb fs5\"> </span>Per <span class=\"_ _19\"> </span>societ\u00e0 <span class=\"_ _19\"> </span>controllate <span class=\"_ _17\"></span>si <span class=\"_ _19\"> </span>intendono <span class=\"_ _17\"> </span>tutte <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>societ\u00e0 <span class=\"_ _19\"> </span>su <span class=\"_ _19\"> </span>cui <span class=\"_ _19\"> </span>il <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>esposto <span class=\"_ _19\"> </span>a rendimenti <span class=\"_ _4\"></span>variabili, <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>detiene <span class=\"_ _4\"></span>diritti <span class=\"_ _5\"></span>su <span class=\"_ _4\"></span>tali <span class=\"_ _5\"></span>rendimenti, <span class=\"_ _4\"></span>derivanti <span class=\"_ _4\"></span>dal <span class=\"_ _5\"></span>propri<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>apporto <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>le stesse <span class=\"_ _a\"></span>e <span class=\"_ _17\"></span>nel <span class=\"_ _a\"></span>contempo <span class=\"_ _a\"></span>ha <span class=\"_ _a\"></span>la <span class=\"_ _17\"></span>capacit\u00e0 <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>incidere <span class=\"_ _a\"></span>su <span class=\"_ _17\"></span>tali <span class=\"_ _a\"></span>rendimenti <span class=\"_ _a\"></span>esercitando <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>proprio potere <span class=\"_ _19\"> </span>su <span class=\"_ _17\"> </span>t<span class=\"_ _1\"></span>ali <span class=\"_ _17\"> </span>entit\u00e0. <span class=\"_ _19\"> </span>Nel <span class=\"_ _17\"> </span>valutare <span class=\"_ _19\"> </span>l\u2019esistenza <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>controllo <span class=\"_ _17\"> </span>si <span class=\"_ _19\"> </span>prendono <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>considerazione<span class=\"_ _0\"></span> anche i diritti di vo<span class=\"_ _0\"></span>to potenzi<span class=\"_ _0\"></span>ali.<span class=\"fs0\"> </span>Le <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _3\"></span>controllate <span class=\"_ _3\"></span>sono <span class=\"_ _0\"></span>consolidate<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>partire <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _3\"></span>data in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cui <span class=\"_ _3\"></span>si assu<span class=\"_ _0\"></span>me <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>controllo fino al momento in <span class=\"_ _0\"></span>cui tale cont<span class=\"_ _0\"></span>rollo cessa di esist<span class=\"_ _0\"></span>ere.  I <span class=\"_ _5\"></span>bilanci <span class=\"_ _5\"></span>oggetto <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>consolidamento <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>redatti <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _a\"></span>dice<span class=\"_ _0\"></span>mbre, <span class=\"_ _5\"></span>ovvero <span class=\"_ _4\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di riferimento <span class=\"_ _0\"></span>del Bi<span class=\"_ _0\"></span>lancio c<span class=\"_ _0\"></span>onsolida<span class=\"_ _0\"></span>to, e sono<span class=\"_ _0\"></span> gener<span class=\"_ _0\"></span>almente quell<span class=\"_ _0\"></span>i apposita<span class=\"_ _0\"></span>mente p<span class=\"_ _0\"></span>redisposti <span class=\"_ _0\"></span>e approvati <span class=\"_ _a\"></span>dagli <span class=\"_ _a\"></span>Organi <span class=\"_ _a\"></span>A<span class=\"_ _0\"></span>mministrativi <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>singole <span class=\"_ _a\"></span>societ\u00e0, <span class=\"_ _a\"></span>opportunamente <span class=\"_ _a\"></span>rettificati, <span class=\"_ _a\"></span>ove necessario, per uni<span class=\"_ _0\"></span>formarli<span class=\"_ _0\"></span> ai principi contabili<span class=\"_ _0\"></span> della Capogruppo.<span class=\"_ _0\"></span>  Non <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>incluse <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>Bilancio <span class=\"_ _4\"></span>consolidato <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>controllate <span class=\"_ _5\"></span>inattive <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>ge<span class=\"_ _0\"></span>nerano <span class=\"_ _5\"></span>un volume <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>affari<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>non<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>significativo, <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>quanto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _0\"></span>loro <span class=\"_ _3\"></span>incidenza <span class=\"_ _3\"></span>sui <span class=\"_ _0\"></span>valori <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Bilancio <span class=\"_ _3\"></span>consolidato del <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span><span class=\"ff6\">\u00e8 <span class=\"_ _1\"></span>rilevante. <span class=\"_ _1\"></span>Le <span class=\"_ _1\"></span>societ\u00e0 controllate <span class=\"_ _1\"></span>escluse <span class=\"_ _1\"></span>dall\u2019area <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>consoli<span class=\"_ _0\"></span>damento <span class=\"_ _1\"></span>sono </span>valutate al fair value<span class=\"_ _0\"></span>. Interessenze in accordi a controllo congiunt<span class=\"_ _0\"></span>o  Un <span class=\"_ _a\"></span>accordo <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>controllo <span class=\"_ _a\"></span>congiunto <span class=\"_ _17\"></span>\u00e8 <span class=\"_ _17\"> </span>un <span class=\"_ _17\"></span>accordo <span class=\"_ _a\"></span>attraverso <span class=\"_ _17\"></span>il <span class=\"_ _a\"></span>quale <span class=\"_ _17\"> </span>due <span class=\"_ _a\"></span>o <span class=\"_ _17\"> </span>pi\u00f9 <span class=\"_ _17\"> </span>part<span class=\"_ _1\"></span><span class=\"ls26\">i </span>condividono <span class=\"_ _4\"></span>contrattual<span class=\"_ _0\"></span>mente <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>controllo <span class=\"_ _4\"></span>su <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>\u201caccordo\u201d<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>(arrangeme<span class=\"_ _0\"></span>nt) <span class=\"_ _4\"></span>ossia <span class=\"_ _4\"></span>quando <span class=\"_ _4\"></span>le decisioni <span class=\"_ _4\"></span>concernenti <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _5\"></span>rilevanti <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>questo <span class=\"_ _4\"></span>correlate <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ichiedono <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>consenso <span class=\"_ _4\"></span>unanime delle parti. Per<span class=\"_ _0\"></span> ci\u00f2 che con<span class=\"_ _0\"></span>cerne la modalit\u00e0<span class=\"_ _0\"></span> di valutazion<span class=\"_ _0\"></span>e e di rappresentazione in<span class=\"_ _0\"></span> bilancio, l\u2019IFRS 11 prevede<span class=\"_ _0\"></span> modalit\u00e0 diffe<span class=\"_ _0\"></span>renti per: <span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Joint O<span class=\"_ _1\"></span>perations<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(JO): <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>accordo a <span class=\"_ _1\"></span>controllo <span class=\"_ _1\"></span>congiunto nel <span class=\"_ _1\"></span>quale <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>parti <span class=\"_ _1\"></span>che detengono </span></span>il <span class=\"_ _16\"> </span>controllo <span class=\"_ _14\"> </span>congiunto<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>hanno <span class=\"_ _16\"> </span>diritti <span class=\"_ _14\"> </span>sulle <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>obbligazioni <span class=\"_ _16\"> </span>per <span class=\"_ _14\"> </span>le <span class=\"_ _16\"> </span>passivit\u00e0 <span class=\"_ _16\"> </span>relative all\u2019accordo. <span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Joint <span class=\"_ _1\"></span>Ventures <span class=\"_ _4\"></span>(JV): <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>accordo <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>controllo <span class=\"_ _1\"></span>congiunto <span class=\"_ _4\"></span>nel <span class=\"_ _1\"></span>quale <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>parti <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>detengono <span class=\"_ _1\"></span>il </span></span>controllo congiunto<span class=\"_ _0\"></span> vantano<span class=\"_ _0\"></span> diritti sulle attivi<span class=\"_ _0\"></span>t\u00e0 nette dell\u2019<span class=\"_ _0\"></span>accordo. <span class=\"ff2\"> </span>La <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ormulazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>dell\u2019IFRS <span class=\"_ _1\"></span>11 <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>erito <span class=\"_ _1\"></span>alla <span class=\"_ _4\"></span>distinzi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>tra <span class=\"_ _4\"></span>JO <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>JV <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>dunque <span class=\"_ _1\"></span>basata sui diritti e le obbligazi<span class=\"_ _0\"></span>oni derivanti ai co-venturer in relazion<span class=\"_ _0\"></span>e alla partecipazi<span class=\"_ _0\"></span>on<span class=\"ff6\">e all\u2019accordo </span>congiunto, ossia sull<span class=\"_ _0\"></span>a sostanza del<span class=\"_ _0\"></span> rapporto e no<span class=\"_ _0\"></span>n sulla forma gi<span class=\"_ _0\"></span>uridica del<span class=\"_ _0\"></span>lo stesso.  Per ci\u00f2 che<span class=\"_ _0\"></span> concerne<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>rappresentazione <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>bilancio <span class=\"_ _0\"></span>consolidato <span class=\"_ _0\"></span>delle JV<span class=\"_ _0\"></span>, l\u2019IFRS <span class=\"_ _0\"></span>11 prevede <span class=\"_ _1\"></span>come <span class=\"_ _4\"></span>unico <span class=\"_ _1\"></span>criterio <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>consolidamento <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>metodo <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>Patrimonio <span class=\"_ _1\"></span>netto, <span class=\"_ _4\"></span>descritto <span class=\"_ _1\"></span>nel seguito.  Per <span class=\"_ _4\"></span>quanto<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>attiene <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>JO <span class=\"_ _1\"></span>poich\u00e9 <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>sogge<span class=\"_ _0\"></span>tti <span class=\"_ _4\"></span>che <span class=\"_ _1\"></span>partecipano <span class=\"_ _1\"></span>all\u2019accordo <span class=\"_ _1\"></span>condividono <span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> diritti <span class=\"_ _1\"></span>sulle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>assumono<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>obbligazioni <span class=\"_ _1\"></span>sulle <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _1\"></span>legate <span class=\"_ _4\"></span>all\u2019acco<span class=\"_ _0\"></span>rdo, <span class=\"_ _1\"></span>l\u2019IFRS <span class=\"_ _1\"></span>11 dispone che <span class=\"_ _0\"></span>ogni <span class=\"_ _0\"></span>joint op<span class=\"_ _0\"></span>erator de<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>riconoscere <span class=\"_ _0\"></span>nel proprio<span class=\"_ _0\"></span> bi<span class=\"_ _0\"></span>lancio i<span class=\"_ _0\"></span>l valore p<span class=\"_ _0\"></span>ro quo<span class=\"_ _0\"></span>ta de<span class=\"_ _0\"></span>lle attivit\u00e0, passivit\u00e0<span class=\"_ _0\"></span>, costi e ricavi<span class=\"_ _0\"></span> della relativa JO<span class=\"_ _0\"></span>.  Societ\u00e0 collegate  Le <span class=\"_ _14\"> </span>societ\u00e0 <span class=\"_ _14\"> </span>collegate, <span class=\"_ _14\"> </span>sono <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>imprese <span class=\"_ _16\"> </span>nelle <span class=\"_ _14\"> </span>quali <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>Gruppo <span class=\"_ _14\"> </span>esercita <span class=\"_ _14\"> </span>un\u2019influenza notevole, <span class=\"_ _0\"></span>che <span class=\"_ _3\"></span>si presu<span class=\"_ _0\"></span>me <span class=\"_ _3\"></span>sussistere <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>partecipazione <span class=\"_ _3\"></span>\u00e8 co<span class=\"_ _0\"></span>mpresa <span class=\"_ _3\"></span>tra il <span class=\"_ _3\"></span>20% e <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>50% dei diritti di voto<span class=\"_ _0\"></span>.  Le <span class=\"_ _0\"></span>partecipazi<span class=\"_ _0\"></span>oni <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _0\"></span>collegate<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>valutate <span class=\"_ _0\"></span>con <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>metodo <span class=\"_ _3\"></span>del pat<span class=\"_ _0\"></span>rimonio <span class=\"_ _3\"></span>netto e sono inizialmente<span class=\"_ _0\"></span> iscritte al costo<span class=\"_ _0\"></span> di acquisto.  Il metodo del pat<span class=\"_ _0\"></span>rimonio netto<span class=\"_ _0\"></span> \u00e8 di seguito descritt<span class=\"_ _0\"></span>o:  \u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>contabile <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>tali <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _5\"></span>risulta <span class=\"_ _4\"></span>allineato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>patrimonio <span class=\"_ _4\"></span>netto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>comprende </span></span>l\u2019iscrizion<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>dei <span class=\"_ _6\"> </span>maggiori <span class=\"_ _15\"> </span>valori<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>attribuiti<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>alle <span class=\"_ _6\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>e <span class=\"_ _15\"> </span>alle <span class=\"_ _6\"> </span>passivit\u00e0 <span class=\"_ _6\"> </span>e <span class=\"_ _15\"> </span>dell\u2019eve<span class=\"_ _0\"></span>ntuale avviamento indi<span class=\"_ _0\"></span>viduati al momento<span class=\"_ _0\"></span> dell\u2019acqui<span class=\"_ _0\"></span>sizione; <span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"ff6 fc1\">gli utili<span class=\"_ _0\"></span> o <span class=\"_ _0\"></span>le pe<span class=\"_ _0\"></span>rdite di<span class=\"_ _3\"></span> pertinenza del<span class=\"_ _0\"></span> Gruppo<span class=\"_ _0\"></span> sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>contabilizzati <span class=\"_ _0\"></span>dalla da<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui l<span class=\"_ _0\"></span>\u2019influenza </span></span>notevole, o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>controllo <span class=\"_ _0\"></span>congi<span class=\"_ _0\"></span>unto, ha <span class=\"_ _3\"></span>avuto ini<span class=\"_ _0\"></span>zio e <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ino <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>l\u2019influ<span class=\"_ _0\"></span>enza no<span class=\"_ _0\"></span>tevole,",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__24-1": {
   "value": "Interessenze in accordi a controllo congiunt<span class=\"_ _0\"></span>o  Un <span class=\"_ _a\"></span>accordo <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>controllo <span class=\"_ _a\"></span>congiunto <span class=\"_ _17\"></span>\u00e8 <span class=\"_ _17\"> </span>un <span class=\"_ _17\"></span>accordo <span class=\"_ _a\"></span>attraverso <span class=\"_ _17\"></span>il <span class=\"_ _a\"></span>quale <span class=\"_ _17\"> </span>due <span class=\"_ _a\"></span>o <span class=\"_ _17\"> </span>pi\u00f9 <span class=\"_ _17\"> </span>part<span class=\"_ _1\"></span><span class=\"ls26\">i </span>condividono <span class=\"_ _4\"></span>contrattual<span class=\"_ _0\"></span>mente <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>controllo <span class=\"_ _4\"></span>su <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>\u201caccordo\u201d<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>(arrangeme<span class=\"_ _0\"></span>nt) <span class=\"_ _4\"></span>ossia <span class=\"_ _4\"></span>quando <span class=\"_ _4\"></span>le decisioni <span class=\"_ _4\"></span>concernenti <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _5\"></span>rilevanti <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>questo <span class=\"_ _4\"></span>correlate <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ichiedono <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>consenso <span class=\"_ _4\"></span>unanime delle parti. Per<span class=\"_ _0\"></span> ci\u00f2 che con<span class=\"_ _0\"></span>cerne la modalit\u00e0<span class=\"_ _0\"></span> di valutazion<span class=\"_ _0\"></span>e e di rappresentazione in<span class=\"_ _0\"></span> bilancio, l\u2019IFRS 11 prevede<span class=\"_ _0\"></span> modalit\u00e0 diffe<span class=\"_ _0\"></span>renti per: <span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Joint O<span class=\"_ _1\"></span>perations<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(JO): <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>accordo a <span class=\"_ _1\"></span>controllo <span class=\"_ _1\"></span>congiunto nel <span class=\"_ _1\"></span>quale <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>parti <span class=\"_ _1\"></span>che detengono </span></span>il <span class=\"_ _16\"> </span>controllo <span class=\"_ _14\"> </span>congiunto<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>hanno <span class=\"_ _16\"> </span>diritti <span class=\"_ _14\"> </span>sulle <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>obbligazioni <span class=\"_ _16\"> </span>per <span class=\"_ _14\"> </span>le <span class=\"_ _16\"> </span>passivit\u00e0 <span class=\"_ _16\"> </span>relative all\u2019accordo. <span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Joint <span class=\"_ _1\"></span>Ventures <span class=\"_ _4\"></span>(JV): <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>accordo <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>controllo <span class=\"_ _1\"></span>congiunto <span class=\"_ _4\"></span>nel <span class=\"_ _1\"></span>quale <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>parti <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>detengono <span class=\"_ _1\"></span>il </span></span>controllo congiunto<span class=\"_ _0\"></span> vantano<span class=\"_ _0\"></span> diritti sulle attivi<span class=\"_ _0\"></span>t\u00e0 nette dell\u2019<span class=\"_ _0\"></span>accordo. <span class=\"ff2\"> </span>La <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ormulazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>dell\u2019IFRS <span class=\"_ _1\"></span>11 <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>erito <span class=\"_ _1\"></span>alla <span class=\"_ _4\"></span>distinzi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>tra <span class=\"_ _4\"></span>JO <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>JV <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>dunque <span class=\"_ _1\"></span>basata sui diritti e le obbligazi<span class=\"_ _0\"></span>oni derivanti ai co-venturer in relazion<span class=\"_ _0\"></span>e alla partecipazi<span class=\"_ _0\"></span>on<span class=\"ff6\">e all\u2019accordo </span>congiunto, ossia sull<span class=\"_ _0\"></span>a sostanza del<span class=\"_ _0\"></span> rapporto e no<span class=\"_ _0\"></span>n sulla forma gi<span class=\"_ _0\"></span>uridica del<span class=\"_ _0\"></span>lo stesso.  Per ci\u00f2 che<span class=\"_ _0\"></span> concerne<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>rappresentazione <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>bilancio <span class=\"_ _0\"></span>consolidato <span class=\"_ _0\"></span>delle JV<span class=\"_ _0\"></span>, l\u2019IFRS <span class=\"_ _0\"></span>11 prevede <span class=\"_ _1\"></span>come <span class=\"_ _4\"></span>unico <span class=\"_ _1\"></span>criterio <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>consolidamento <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>metodo <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>Patrimonio <span class=\"_ _1\"></span>netto, <span class=\"_ _4\"></span>descritto <span class=\"_ _1\"></span>nel seguito.  Per <span class=\"_ _4\"></span>quanto<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>attiene <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>JO <span class=\"_ _1\"></span>poich\u00e9 <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>sogge<span class=\"_ _0\"></span>tti <span class=\"_ _4\"></span>che <span class=\"_ _1\"></span>partecipano <span class=\"_ _1\"></span>all\u2019accordo <span class=\"_ _1\"></span>condividono <span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> diritti <span class=\"_ _1\"></span>sulle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>assumono<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>obbligazioni <span class=\"_ _1\"></span>sulle <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _1\"></span>legate <span class=\"_ _4\"></span>all\u2019acco<span class=\"_ _0\"></span>rdo, <span class=\"_ _1\"></span>l\u2019IFRS <span class=\"_ _1\"></span>11 dispone che <span class=\"_ _0\"></span>ogni <span class=\"_ _0\"></span>joint op<span class=\"_ _0\"></span>erator de<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>riconoscere <span class=\"_ _0\"></span>nel proprio<span class=\"_ _0\"></span> bi<span class=\"_ _0\"></span>lancio i<span class=\"_ _0\"></span>l valore p<span class=\"_ _0\"></span>ro quo<span class=\"_ _0\"></span>ta de<span class=\"_ _0\"></span>lle attivit\u00e0, passivit\u00e0<span class=\"_ _0\"></span>, costi e ricavi<span class=\"_ _0\"></span> della relativa JO<span class=\"_ _0\"></span>.Partecipazioni e<span class=\"_ _0\"></span> titoli n<span class=\"_ _0\"></span>on correnti Le <span class=\"_ _4\"></span>partecipazioni <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>imprese <span class=\"_ _4\"></span>diverse <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>quelle <span class=\"_ _4\"></span>controllate, <span class=\"_ _4\"></span>collegate <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span><span class=\"ff7\">join<span class=\"_ _0\"></span>t <span class=\"_ _4\"></span>venture<span class=\"ff2 ls3\">, </span></span>per <span class=\"_ _3\"></span>cui <span class=\"_ _2b\"></span>si <span class=\"_ _3\"></span>rimanda <span class=\"_ _2b\"></span>all\u2019area <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>consoli<span class=\"_ _0\"></span>damento <span class=\"_ _2b\"></span>(<span class=\"_ _1\"></span>generalmente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con <span class=\"_ _2b\"></span>una <span class=\"_ _3\"></span>percentua<span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>posses<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> inferiore <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>20%) <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>iscritte, <span class=\"_ _a\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>momento<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _0\"></span>acquisto, <span class=\"_ _5\"></span>nella <span class=\"_ _a\"></span>voce<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>\u201cPartec<span class=\"ff2\">ipazioni <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>titoli </span>non <span class=\"_ _14\"> </span>correnti\u201d <span class=\"_ _16\"> </span>inizialmente <span class=\"_ _16\"> </span>al <span class=\"_ _14\"> </span>costo, <span class=\"_ _14\"> </span>rilevato <span class=\"_ _16\"> </span>alla <span class=\"_ _14\"> </span>data <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>effettuazione <span class=\"_ _14\"> </span>del<span class=\"_ _0\"></span>l\u2019operazione, <span class=\"_ _16\"> </span>in quanto <span class=\"_ _19\"> </span>rappresentativo <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span><span class=\"ff7\">fair <span class=\"_ _19\"> </span>value</span>, <span class=\"_ _16\"> </span>comprensi<span class=\"_ _0\"></span>vo <span class=\"_ _16\"> </span>dei <span class=\"_ _19\"> </span>costi <span class=\"_ _16\"> </span>di <span class=\"_ _19\"> </span>transazione <span class=\"_ _19\"> </span>dirett<span class=\"_ _1\"></span>amen<span class=\"_ _0\"></span>te attribuibil<span class=\"_ _0\"></span>i alla relativa transazi<span class=\"_ _0\"></span>one. Successivamen<span class=\"_ _0\"></span>te <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>c<span class=\"_ _0\"></span>ontabilizzazion<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>inizial<span class=\"_ _0\"></span>e, <span class=\"_ _a\"></span>tali <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _a\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>valutate <span class=\"_ _a\"></span>al fair value<span class=\"ff2\"> con i<span class=\"_ _0\"></span>mputazione degli<span class=\"_ _0\"></span> effetti nel Patrimo<span class=\"_ _0\"></span>nio Netto <span class=\"ff6\">in ossequio all<span class=\"_ _0\"></span>\u2019IFRS<span class=\"_ _0\"></span> 9. <span class=\"ff2\"> </span></span></span>Tali <span class=\"_ _1\"></span>partecipazioni, <span class=\"_ _1\"></span>non <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>controllo <span class=\"_ _4\"></span>n\u00e9 <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>collegamento<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>che <span class=\"_ _1\"></span>non <span class=\"_ _4\"></span>s<span class=\"ls2\">ono</span> <span class=\"_ _4\"></span>quotate <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>un mercato <span class=\"_ _17\"></span>attivo <span class=\"_ _17\"></span><span class=\"ff6\">e <span class=\"_ _17\"> </span>per <span class=\"_ _17\"> </span>le <span class=\"_ _a\"></span>quali <span class=\"_ _19\"> </span>l\u2019impiego <span class=\"_ _a\"></span>di <span class=\"_ _19\"> </span>un <span class=\"_ _17\"> </span>opportuno <span class=\"_ _a\"></span>modello <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>valutazione <span class=\"_ _17\"> </span>non <span class=\"_ _17\"> </span>risulti </span>attendibile sono valu<span class=\"_ _0\"></span>tate, comunque<span class=\"_ _0\"></span>, al cos<span class=\"_ _0\"></span>to. Le <span class=\"_ _4\"></span>partecipazioni <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>imprese <span class=\"_ _4\"></span>controll<span class=\"_ _0\"></span>ate <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>collega<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>sottoposte, <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>presenza <span class=\"_ _4\"></span>di indicatori di impairment, a verifica circa eventuali perdite di <span class=\"_ _1\"></span>valore mediante il confronto con il relativo valo<span class=\"_ _0\"></span>re recuperabi<span class=\"_ _0\"></span>le rappresentato dal<span class=\"_ _0\"></span> maggi<span class=\"_ _0\"></span>ore tra il fair<span class=\"_ _0\"></span> value, al netto dei<span class=\"_ _0\"></span> costi di<span class=\"_ _0\"></span> vendita <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _4\"></span>d\u2019uso. <span class=\"_ _5\"></span>Qualora <span class=\"_ _5\"></span>esistano<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>evidenze <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ali<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _4\"></span>abbiano <span class=\"_ _5\"></span>subito una <span class=\"_ _1e\"> </span>perdita <span class=\"_ _18\"> </span>di <span class=\"_ _1e\"> </span>valore, <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>s<span class=\"_ _0\"></span>tessa <span class=\"_ _1e\"> </span>\u00e8 <span class=\"_ _18\"> </span>rilevata <span class=\"_ _1e\"> </span>nel <span class=\"_ _18\"> </span>conto <span class=\"_ _1e\"> </span>economico <span class=\"_ _1e\"> </span>compl<span class=\"_ _0\"></span>essivo <span class=\"_ _1e\"> </span>come<span class=\"_ _3\"></span> svalutazione. . <span class=\"_ _a\"></span>Qualora <span class=\"_ _4\"></span>vengano <span class=\"_ _a\"></span>meno <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>cause <span class=\"_ _a\"></span>che <span class=\"_ _5\"></span>hanno <span class=\"_ _a\"></span>indotto <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>svalutazione <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _a\"></span>necessario",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__23": {
   "value": "Interessenze in accordi a controllo congiunt<span class=\"_ _0\"></span>o  Un <span class=\"_ _a\"></span>accordo <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>controllo <span class=\"_ _a\"></span>congiunto <span class=\"_ _17\"></span>\u00e8 <span class=\"_ _17\"> </span>un <span class=\"_ _17\"></span>accordo <span class=\"_ _a\"></span>attraverso <span class=\"_ _17\"></span>il <span class=\"_ _a\"></span>quale <span class=\"_ _17\"> </span>due <span class=\"_ _a\"></span>o <span class=\"_ _17\"> </span>pi\u00f9 <span class=\"_ _17\"> </span>part<span class=\"_ _1\"></span><span class=\"ls26\">i </span>condividono <span class=\"_ _4\"></span>contrattual<span class=\"_ _0\"></span>mente <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>controllo <span class=\"_ _4\"></span>su <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>\u201caccordo\u201d<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>(arrangeme<span class=\"_ _0\"></span>nt) <span class=\"_ _4\"></span>ossia <span class=\"_ _4\"></span>quando <span class=\"_ _4\"></span>le decisioni <span class=\"_ _4\"></span>concernenti <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _5\"></span>rilevanti <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>questo <span class=\"_ _4\"></span>correlate <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ichiedono <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>consenso <span class=\"_ _4\"></span>unanime delle parti. Per<span class=\"_ _0\"></span> ci\u00f2 che con<span class=\"_ _0\"></span>cerne la modalit\u00e0<span class=\"_ _0\"></span> di valutazion<span class=\"_ _0\"></span>e e di rappresentazione in<span class=\"_ _0\"></span> bilancio, l\u2019IFRS 11 prevede<span class=\"_ _0\"></span> modalit\u00e0 diffe<span class=\"_ _0\"></span>renti per: <span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Joint O<span class=\"_ _1\"></span>perations<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(JO): <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>accordo a <span class=\"_ _1\"></span>controllo <span class=\"_ _1\"></span>congiunto nel <span class=\"_ _1\"></span>quale <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>parti <span class=\"_ _1\"></span>che detengono </span></span>il <span class=\"_ _16\"> </span>controllo <span class=\"_ _14\"> </span>congiunto<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>hanno <span class=\"_ _16\"> </span>diritti <span class=\"_ _14\"> </span>sulle <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>obbligazioni <span class=\"_ _16\"> </span>per <span class=\"_ _14\"> </span>le <span class=\"_ _16\"> </span>passivit\u00e0 <span class=\"_ _16\"> </span>relative all\u2019accordo. <span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Joint <span class=\"_ _1\"></span>Ventures <span class=\"_ _4\"></span>(JV): <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>accordo <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>controllo <span class=\"_ _1\"></span>congiunto <span class=\"_ _4\"></span>nel <span class=\"_ _1\"></span>quale <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>parti <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>detengono <span class=\"_ _1\"></span>il </span></span>controllo congiunto<span class=\"_ _0\"></span> vantano<span class=\"_ _0\"></span> diritti sulle attivi<span class=\"_ _0\"></span>t\u00e0 nette dell\u2019<span class=\"_ _0\"></span>accordo. <span class=\"ff2\"> </span>La <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ormulazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>dell\u2019IFRS <span class=\"_ _1\"></span>11 <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>erito <span class=\"_ _1\"></span>alla <span class=\"_ _4\"></span>distinzi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>tra <span class=\"_ _4\"></span>JO <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>JV <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>dunque <span class=\"_ _1\"></span>basata sui diritti e le obbligazi<span class=\"_ _0\"></span>oni derivanti ai co-venturer in relazion<span class=\"_ _0\"></span>e alla partecipazi<span class=\"_ _0\"></span>on<span class=\"ff6\">e all\u2019accordo </span>congiunto, ossia sull<span class=\"_ _0\"></span>a sostanza del<span class=\"_ _0\"></span> rapporto e no<span class=\"_ _0\"></span>n sulla forma gi<span class=\"_ _0\"></span>uridica del<span class=\"_ _0\"></span>lo stesso.  Per ci\u00f2 che<span class=\"_ _0\"></span> concerne<span class=\"_ _0\"></span> la <span class=\"_ _0\"></span>rappresentazione <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>bilancio <span class=\"_ _0\"></span>consolidato <span class=\"_ _0\"></span>delle JV<span class=\"_ _0\"></span>, l\u2019IFRS <span class=\"_ _0\"></span>11 prevede <span class=\"_ _1\"></span>come <span class=\"_ _4\"></span>unico <span class=\"_ _1\"></span>criterio <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>consolidamento <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>metodo <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>Patrimonio <span class=\"_ _1\"></span>netto, <span class=\"_ _4\"></span>descritto <span class=\"_ _1\"></span>nel seguito.  Per <span class=\"_ _4\"></span>quanto<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>attiene <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>JO <span class=\"_ _1\"></span>poich\u00e9 <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>sogge<span class=\"_ _0\"></span>tti <span class=\"_ _4\"></span>che <span class=\"_ _1\"></span>partecipano <span class=\"_ _1\"></span>all\u2019accordo <span class=\"_ _1\"></span>condividono <span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> diritti <span class=\"_ _1\"></span>sulle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>assumono<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>obbligazioni <span class=\"_ _1\"></span>sulle <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _1\"></span>legate <span class=\"_ _4\"></span>all\u2019acco<span class=\"_ _0\"></span>rdo, <span class=\"_ _1\"></span>l\u2019IFRS <span class=\"_ _1\"></span>11 dispone che <span class=\"_ _0\"></span>ogni <span class=\"_ _0\"></span>joint op<span class=\"_ _0\"></span>erator de<span class=\"_ _0\"></span>ve <span class=\"_ _0\"></span>riconoscere <span class=\"_ _0\"></span>nel proprio<span class=\"_ _0\"></span> bi<span class=\"_ _0\"></span>lancio i<span class=\"_ _0\"></span>l valore p<span class=\"_ _0\"></span>ro quo<span class=\"_ _0\"></span>ta de<span class=\"_ _0\"></span>lle attivit\u00e0, passivit\u00e0<span class=\"_ _0\"></span>, costi e ricavi<span class=\"_ _0\"></span> della relativa JO<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__26": {
   "value": "Societ\u00e0 collegate  Le <span class=\"_ _14\"> </span>societ\u00e0 <span class=\"_ _14\"> </span>collegate, <span class=\"_ _14\"> </span>sono <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>imprese <span class=\"_ _16\"> </span>nelle <span class=\"_ _14\"> </span>quali <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>Gruppo <span class=\"_ _14\"> </span>esercita <span class=\"_ _14\"> </span>un\u2019influenza notevole, <span class=\"_ _0\"></span>che <span class=\"_ _3\"></span>si presu<span class=\"_ _0\"></span>me <span class=\"_ _3\"></span>sussistere <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>partecipazione <span class=\"_ _3\"></span>\u00e8 co<span class=\"_ _0\"></span>mpresa <span class=\"_ _3\"></span>tra il <span class=\"_ _3\"></span>20% e <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>50% dei diritti di voto<span class=\"_ _0\"></span>.  Le <span class=\"_ _0\"></span>partecipazi<span class=\"_ _0\"></span>oni <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _0\"></span>collegate<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>valutate <span class=\"_ _0\"></span>con <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>metodo <span class=\"_ _3\"></span>del pat<span class=\"_ _0\"></span>rimonio <span class=\"_ _3\"></span>netto e sono inizialmente<span class=\"_ _0\"></span> iscritte al costo<span class=\"_ _0\"></span> di acquisto.  Il metodo del pat<span class=\"_ _0\"></span>rimonio netto<span class=\"_ _0\"></span> \u00e8 di seguito descritt<span class=\"_ _0\"></span>o:  \u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>contabile <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>tali <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _5\"></span>risulta <span class=\"_ _4\"></span>allineato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>patrimonio <span class=\"_ _4\"></span>netto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>comprende </span></span>l\u2019iscrizion<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>dei <span class=\"_ _6\"> </span>maggiori <span class=\"_ _15\"> </span>valori<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>attribuiti<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>alle <span class=\"_ _6\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>e <span class=\"_ _15\"> </span>alle <span class=\"_ _6\"> </span>passivit\u00e0 <span class=\"_ _6\"> </span>e <span class=\"_ _15\"> </span>dell\u2019eve<span class=\"_ _0\"></span>ntuale avviamento indi<span class=\"_ _0\"></span>viduati al momento<span class=\"_ _0\"></span> dell\u2019acqui<span class=\"_ _0\"></span>sizione; <span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"ff6 fc1\">gli utili<span class=\"_ _0\"></span> o <span class=\"_ _0\"></span>le pe<span class=\"_ _0\"></span>rdite di<span class=\"_ _3\"></span> pertinenza del<span class=\"_ _0\"></span> Gruppo<span class=\"_ _0\"></span> sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>contabilizzati <span class=\"_ _0\"></span>dalla da<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui l<span class=\"_ _0\"></span>\u2019influenza </span></span>notevole, o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>controllo <span class=\"_ _0\"></span>congi<span class=\"_ _0\"></span>unto, ha <span class=\"_ _3\"></span>avuto ini<span class=\"_ _0\"></span>zio e <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ino <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>l\u2019influ<span class=\"_ _0\"></span>enza no<span class=\"_ _0\"></span>tevole, o il controllo congiunto<span class=\"_ _0\"></span>, cessa; nel caso in cui<span class=\"_ _0\"></span>, per effetto delle perdite<span class=\"_ _0\"></span>, la societ\u00e0 valutata con <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>ogge<span class=\"_ _0\"></span>tto <span class=\"_ _a\"></span>evidenzi<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>patrimonio <span class=\"_ _a\"></span>netto <span class=\"_ _5\"></span>negativo, <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>carico <span class=\"_ _a\"></span>della partecipazione <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _17\"> </span>annullato <span class=\"_ _a\"></span>e <span class=\"_ _17\"> </span>l\u2019eventuale <span class=\"_ _a\"></span>eccedenza <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>pertinenza <span class=\"_ _a\"></span>del <span class=\"_ _17\"> </span>Gruppo, <span class=\"_ _a\"></span>laddove questo ultimo si <span class=\"_ _1\"></span>sia impegnato ad adempiere <span class=\"_ _1\"></span><span class=\"ff6\">a <span class=\"_ _1\"></span>obbliga<span class=\"_ _0\"></span>zioni legali o <span class=\"_ _1\"></span>implicite <span class=\"_ _1\"></span>dell\u2019impresa<span class=\"_ _0\"></span> </span>partecipata, <span class=\"_ _3\"></span>o co<span class=\"_ _0\"></span>munque <span class=\"_ _3\"></span>a cop<span class=\"_ _0\"></span>rirne <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>perdite<span class=\"_ _0\"></span>, \u00e8<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rilevata <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>un apposi<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>fondo; <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>riazioni patrimoniali <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>valutate <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _4\"></span>del <span class=\"_ _a\"></span>patrimonio <span class=\"_ _4\"></span>netto <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>rappresenta<span class=\"_ _0\"></span>te dal <span class=\"_ _0\"></span>risultato <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> conto<span class=\"_ _0\"></span> eco<span class=\"_ _0\"></span>nomico <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tabilizzate <span class=\"_ _0\"></span>diret<span class=\"_ _0\"></span>tamente <span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>ettifica<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>riserve<span class=\"_ _0\"></span> di patrimonio net<span class=\"_ _0\"></span>to;  \u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">gli <span class=\"_ _1\"></span>utili <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>perdite <span class=\"_ _4\"></span>signifi<span class=\"_ _0\"></span>cative <span class=\"_ _1\"></span>non r<span class=\"_ _1\"></span>ealizzate <span class=\"_ _1\"></span>generate <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>operazioni poste <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>essere tra </span></span>la <span class=\"_ _4\"></span>Capogruppo/societ\u00e0 <span class=\"_ _4\"></span>controllate<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>partecipata <span class=\"_ _4\"></span>valutata <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>metodo <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>patrimonio netto sono eliminate in funzione del valore dell<span class=\"_ _0\"></span>a quota di partecipazione<span class=\"_ _0\"></span> del Gruppo nella",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__25-1": {
   "value": "Societ\u00e0 collegate  Le <span class=\"_ _14\"> </span>societ\u00e0 <span class=\"_ _14\"> </span>collegate, <span class=\"_ _14\"> </span>sono <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>imprese <span class=\"_ _16\"> </span>nelle <span class=\"_ _14\"> </span>quali <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>Gruppo <span class=\"_ _14\"> </span>esercita <span class=\"_ _14\"> </span>un\u2019influenza notevole, <span class=\"_ _0\"></span>che <span class=\"_ _3\"></span>si presu<span class=\"_ _0\"></span>me <span class=\"_ _3\"></span>sussistere <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>partecipazione <span class=\"_ _3\"></span>\u00e8 co<span class=\"_ _0\"></span>mpresa <span class=\"_ _3\"></span>tra il <span class=\"_ _3\"></span>20% e <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>50% dei diritti di voto<span class=\"_ _0\"></span>.  Le <span class=\"_ _0\"></span>partecipazi<span class=\"_ _0\"></span>oni <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _0\"></span>collegate<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>valutate <span class=\"_ _0\"></span>con <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>metodo <span class=\"_ _3\"></span>del pat<span class=\"_ _0\"></span>rimonio <span class=\"_ _3\"></span>netto e sono inizialmente<span class=\"_ _0\"></span> iscritte al costo<span class=\"_ _0\"></span> di acquisto.  Il metodo del pat<span class=\"_ _0\"></span>rimonio netto<span class=\"_ _0\"></span> \u00e8 di seguito descritt<span class=\"_ _0\"></span>o:  \u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>contabile <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>tali <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _5\"></span>risulta <span class=\"_ _4\"></span>allineato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>patrimonio <span class=\"_ _4\"></span>netto <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>comprende </span></span>l\u2019iscrizion<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>dei <span class=\"_ _6\"> </span>maggiori <span class=\"_ _15\"> </span>valori<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>attribuiti<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>alle <span class=\"_ _6\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>e <span class=\"_ _15\"> </span>alle <span class=\"_ _6\"> </span>passivit\u00e0 <span class=\"_ _6\"> </span>e <span class=\"_ _15\"> </span>dell\u2019eve<span class=\"_ _0\"></span>ntuale avviamento indi<span class=\"_ _0\"></span>viduati al momento<span class=\"_ _0\"></span> dell\u2019acqui<span class=\"_ _0\"></span>sizione; <span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"ff6 fc1\">gli utili<span class=\"_ _0\"></span> o <span class=\"_ _0\"></span>le pe<span class=\"_ _0\"></span>rdite di<span class=\"_ _3\"></span> pertinenza del<span class=\"_ _0\"></span> Gruppo<span class=\"_ _0\"></span> sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>contabilizzati <span class=\"_ _0\"></span>dalla da<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui l<span class=\"_ _0\"></span>\u2019influenza </span></span>notevole, o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>controllo <span class=\"_ _0\"></span>congi<span class=\"_ _0\"></span>unto, ha <span class=\"_ _3\"></span>avuto ini<span class=\"_ _0\"></span>zio e <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ino <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>l\u2019influ<span class=\"_ _0\"></span>enza no<span class=\"_ _0\"></span>tevole, o il controllo congiunto<span class=\"_ _0\"></span>, cessa; nel caso in cui<span class=\"_ _0\"></span>, per effetto delle perdite<span class=\"_ _0\"></span>, la societ\u00e0 valutata con <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>ogge<span class=\"_ _0\"></span>tto <span class=\"_ _a\"></span>evidenzi<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>patrimonio <span class=\"_ _a\"></span>netto <span class=\"_ _5\"></span>negativo, <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>carico <span class=\"_ _a\"></span>della partecipazione <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _17\"> </span>annullato <span class=\"_ _a\"></span>e <span class=\"_ _17\"> </span>l\u2019eventuale <span class=\"_ _a\"></span>eccedenza <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>pertinenza <span class=\"_ _a\"></span>del <span class=\"_ _17\"> </span>Gruppo, <span class=\"_ _a\"></span>laddove questo ultimo si <span class=\"_ _1\"></span>sia impegnato ad adempiere <span class=\"_ _1\"></span><span class=\"ff6\">a <span class=\"_ _1\"></span>obbliga<span class=\"_ _0\"></span>zioni legali o <span class=\"_ _1\"></span>implicite <span class=\"_ _1\"></span>dell\u2019impresa<span class=\"_ _0\"></span> </span>partecipata, <span class=\"_ _3\"></span>o co<span class=\"_ _0\"></span>munque <span class=\"_ _3\"></span>a cop<span class=\"_ _0\"></span>rirne <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>perdite<span class=\"_ _0\"></span>, \u00e8<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rilevata <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>un apposi<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>fondo; <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>riazioni patrimoniali <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>valutate <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _4\"></span>del <span class=\"_ _a\"></span>patrimonio <span class=\"_ _4\"></span>netto <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>rappresenta<span class=\"_ _0\"></span>te dal <span class=\"_ _0\"></span>risultato <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> conto<span class=\"_ _0\"></span> eco<span class=\"_ _0\"></span>nomico <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tabilizzate <span class=\"_ _0\"></span>diret<span class=\"_ _0\"></span>tamente <span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>ettifica<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>riserve<span class=\"_ _0\"></span> di patrimonio net<span class=\"_ _0\"></span>to;  \u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">gli <span class=\"_ _1\"></span>utili <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>perdite <span class=\"_ _4\"></span>signifi<span class=\"_ _0\"></span>cative <span class=\"_ _1\"></span>non r<span class=\"_ _1\"></span>ealizzate <span class=\"_ _1\"></span>generate <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>operazioni poste <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>essere tra </span></span>la <span class=\"_ _4\"></span>Capogruppo/societ\u00e0 <span class=\"_ _4\"></span>controllate<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>partecipata <span class=\"_ _4\"></span>valutata <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>metodo <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>patrimonio netto sono eliminate in funzione del valore dell<span class=\"_ _0\"></span>a quota di partecipazione<span class=\"_ _0\"></span> del Gruppo nellaPartecipazioni e<span class=\"_ _0\"></span> titoli n<span class=\"_ _0\"></span>on correnti Le <span class=\"_ _4\"></span>partecipazioni <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>imprese <span class=\"_ _4\"></span>diverse <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>quelle <span class=\"_ _4\"></span>controllate, <span class=\"_ _4\"></span>collegate <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span><span class=\"ff7\">join<span class=\"_ _0\"></span>t <span class=\"_ _4\"></span>venture<span class=\"ff2 ls3\">, </span></span>per <span class=\"_ _3\"></span>cui <span class=\"_ _2b\"></span>si <span class=\"_ _3\"></span>rimanda <span class=\"_ _2b\"></span>all\u2019area <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>consoli<span class=\"_ _0\"></span>damento <span class=\"_ _2b\"></span>(<span class=\"_ _1\"></span>generalmente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con <span class=\"_ _2b\"></span>una <span class=\"_ _3\"></span>percentua<span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>posses<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> inferiore <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>20%) <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>iscritte, <span class=\"_ _a\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>momento<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _0\"></span>acquisto, <span class=\"_ _5\"></span>nella <span class=\"_ _a\"></span>voce<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>\u201cPartec<span class=\"ff2\">ipazioni <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>titoli </span>non <span class=\"_ _14\"> </span>correnti\u201d <span class=\"_ _16\"> </span>inizialmente <span class=\"_ _16\"> </span>al <span class=\"_ _14\"> </span>costo, <span class=\"_ _14\"> </span>rilevato <span class=\"_ _16\"> </span>alla <span class=\"_ _14\"> </span>data <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>effettuazione <span class=\"_ _14\"> </span>del<span class=\"_ _0\"></span>l\u2019operazione, <span class=\"_ _16\"> </span>in quanto <span class=\"_ _19\"> </span>rappresentativo <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span><span class=\"ff7\">fair <span class=\"_ _19\"> </span>value</span>, <span class=\"_ _16\"> </span>comprensi<span class=\"_ _0\"></span>vo <span class=\"_ _16\"> </span>dei <span class=\"_ _19\"> </span>costi <span class=\"_ _16\"> </span>di <span class=\"_ _19\"> </span>transazione <span class=\"_ _19\"> </span>dirett<span class=\"_ _1\"></span>amen<span class=\"_ _0\"></span>te attribuibil<span class=\"_ _0\"></span>i alla relativa transazi<span class=\"_ _0\"></span>one. Successivamen<span class=\"_ _0\"></span>te <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>c<span class=\"_ _0\"></span>ontabilizzazion<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>inizial<span class=\"_ _0\"></span>e, <span class=\"_ _a\"></span>tali <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _a\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>valutate <span class=\"_ _a\"></span>al fair value<span class=\"ff2\"> con i<span class=\"_ _0\"></span>mputazione degli<span class=\"_ _0\"></span> effetti nel Patrimo<span class=\"_ _0\"></span>nio Netto <span class=\"ff6\">in ossequio all<span class=\"_ _0\"></span>\u2019IFRS<span class=\"_ _0\"></span> 9. <span class=\"ff2\"> </span></span></span>Tali <span class=\"_ _1\"></span>partecipazioni, <span class=\"_ _1\"></span>non <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>controllo <span class=\"_ _4\"></span>n\u00e9 <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>collegamento<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>che <span class=\"_ _1\"></span>non <span class=\"_ _4\"></span>s<span class=\"ls2\">ono</span> <span class=\"_ _4\"></span>quotate <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>un mercato <span class=\"_ _17\"></span>attivo <span class=\"_ _17\"></span><span class=\"ff6\">e <span class=\"_ _17\"> </span>per <span class=\"_ _17\"> </span>le <span class=\"_ _a\"></span>quali <span class=\"_ _19\"> </span>l\u2019impiego <span class=\"_ _a\"></span>di <span class=\"_ _19\"> </span>un <span class=\"_ _17\"> </span>opportuno <span class=\"_ _a\"></span>modello <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>valutazione <span class=\"_ _17\"> </span>non <span class=\"_ _17\"> </span>risulti </span>attendibile sono valu<span class=\"_ _0\"></span>tate, comunque<span class=\"_ _0\"></span>, al cos<span class=\"_ _0\"></span>to. Le <span class=\"_ _4\"></span>partecipazioni <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>imprese <span class=\"_ _4\"></span>controll<span class=\"_ _0\"></span>ate <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>collega<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>sottoposte, <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>presenza <span class=\"_ _4\"></span>di indicatori di impairment, a verifica circa eventuali perdite di <span class=\"_ _1\"></span>valore mediante il confronto con il relativo valo<span class=\"_ _0\"></span>re recuperabi<span class=\"_ _0\"></span>le rappresentato dal<span class=\"_ _0\"></span> maggi<span class=\"_ _0\"></span>ore tra il fair<span class=\"_ _0\"></span> value, al netto dei<span class=\"_ _0\"></span> costi di<span class=\"_ _0\"></span> vendita <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _4\"></span>d\u2019uso. <span class=\"_ _5\"></span>Qualora <span class=\"_ _5\"></span>esistano<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>evidenze <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ali<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>partecipazioni <span class=\"_ _4\"></span>abbiano <span class=\"_ _5\"></span>subito una <span class=\"_ _1e\"> </span>perdita <span class=\"_ _18\"> </span>di <span class=\"_ _1e\"> </span>valore, <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>s<span class=\"_ _0\"></span>tessa <span class=\"_ _1e\"> </span>\u00e8 <span class=\"_ _18\"> </span>rilevata <span class=\"_ _1e\"> </span>nel <span class=\"_ _18\"> </span>conto <span class=\"_ _1e\"> </span>economico <span class=\"_ _1e\"> </span>compl<span class=\"_ _0\"></span>essivo <span class=\"_ _1e\"> </span>come<span class=\"_ _3\"></span> svalutazione. . <span class=\"_ _a\"></span>Qualora <span class=\"_ _4\"></span>vengano <span class=\"_ _a\"></span>meno <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>cause <span class=\"_ _a\"></span>che <span class=\"_ _5\"></span>hanno <span class=\"_ _a\"></span>indotto <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>svalutazione <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _a\"></span>necessario",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__28": {
   "value": "Attivit\u00e0 imma<span class=\"_ _0\"></span>teriali a vita utile de<span class=\"_ _0\"></span>finita Le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _5\"></span>immateriali<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sono <span class=\"_ _4\"></span>costituite <span class=\"_ _4\"></span>da <span class=\"_ _5\"></span>elementi <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>monetari, <span class=\"_ _4\"></span>privi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>consistenza<span class=\"_ _0\"></span> fisica, <span class=\"_ _4\"></span>chiaramen<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>identifi<span class=\"_ _0\"></span>cabili, <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>ollabil<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>atti <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>generare <span class=\"_ _4\"></span>benefici <span class=\"_ _1\"></span>economici <span class=\"_ _4\"></span>futuri. <span class=\"_ _1\"></span>Tali elementi <span class=\"_ _6\"> </span>sono <span class=\"_\"> </span>r<span class=\"_ _1\"></span>ilevati <span class=\"_\"> </span>al <span class=\"_ _15\"> </span>costo, <span class=\"_\"> </span>comprensivi <span class=\"_ _6\"> </span>dei <span class=\"_ _6\"> </span>costi <span class=\"_ _6\"> </span>accessori <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>diretta <span class=\"_ _6\"> </span>imputazione necessari a rende<span class=\"_ _0\"></span>re le attivi<span class=\"_ _0\"></span>t\u00e0 disponibili al<span class=\"_ _0\"></span>l\u2019uso. <span class=\"ff2\"> </span>Per <span class=\"_ _1\"></span>ciascuna <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>immateriale <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>momento <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>prima <span class=\"_ _1\"></span>rilevazione <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span>determinata la <span class=\"_ _17\"> </span>vita <span class=\"_ _19\"> </span>utile. <span class=\"_ _19\"> </span>Nel <span class=\"_ _19\"> </span>caso <span class=\"_ _17\"> </span>che, <span class=\"_ _19\"> </span>sull<span class=\"ff6\">a <span class=\"_ _19\"> </span>base <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>un\u2019anal<span class=\"_ _0\"></span>isi <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>tutt<span class=\"_ _1\"></span>i <span class=\"_ _17\"> </span>i <span class=\"_ _19\"> </span>fattori <span class=\"_ _19\"> </span>rilevanti, <span class=\"_ _17\"> </span>non <span class=\"_ _19\"> </span>ci <span class=\"_ _19\"> </span>sia <span class=\"_ _17\"> </span>un </span>prevedibile limite <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>perio<span class=\"_ _0\"></span>do <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>ci <span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>attende che <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>genereranno f<span class=\"_ _1\"></span>lussi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>cassa <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>entrata per il <span class=\"_ _0\"></span>Gruppo, l<span class=\"_ _0\"></span>\u2019attivit\u00e0 <span class=\"_ _0\"></span>immate<span class=\"_ _0\"></span>riale vi<span class=\"_ _0\"></span>ene conside<span class=\"_ _0\"></span>rata a<span class=\"_ _0\"></span> vita<span class=\"_ _0\"></span> utile i<span class=\"_ _0\"></span>ndefinita. <span class=\"_ _0\"></span>La sti<span class=\"_ _0\"></span>ma dell<span class=\"ff2\">a vi<span class=\"_ _0\"></span>ta </span>utile <span class=\"_ _17\"></span>\u00e8 <span class=\"_ _17\"></span>riesaminata <span class=\"_ _a\"></span>con <span class=\"_ _19\"> </span>periodicit\u00e0 <span class=\"_ _17\"></span>annuale <span class=\"_ _a\"></span>ed <span class=\"_ _19\"> </span>eventuali <span class=\"_ _17\"></span>cambiamen<span class=\"_ _0\"></span>ti, <span class=\"_ _17\"> </span>laddove <span class=\"_ _17\"></span>necessari,<span class=\"_ _0\"></span> sono apportati<span class=\"_ _0\"></span> con applicazi<span class=\"_ _0\"></span>one prospettica.  Le attivit\u00e0 <span class=\"_ _1\"></span>immaterial<span class=\"_ _0\"></span>i sono <span class=\"_ _1\"></span>eliminate<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>dal bilancio al <span class=\"_ _1\"></span>momento della vendita o <span class=\"_ _1\"></span>quando non <span class=\"_ _16\"> </span>sussistono <span class=\"_ _14\"> </span>benefici<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>economici <span class=\"_ _16\"> </span>futuri <span class=\"_ _14\"> </span>attesi <span class=\"_ _19\"> </span>dal <span class=\"_ _14\"> </span>loro <span class=\"_ _16\"> </span>uso <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>l'eventual<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>perdita <span class=\"_ _14\"> </span>o <span class=\"_ _14\"> </span>utile (calcolata <span class=\"_ _3\"></span>come <span class=\"_ _0\"></span>diffe<span class=\"_ _0\"></span>renza <span class=\"_ _3\"></span>tra <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>cessione <span class=\"_ _3\"></span>ed <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>carico) <span class=\"_ _0\"></span>viene <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>conto economico nell'anno<span class=\"_ _0\"></span> della suddet<span class=\"_ _0\"></span>ta eliminazione.<span class=\"_ _0\"></span>  Le <span class=\"_ _23\"> </span>attivit\u00e0 <span class=\"_ _8\"> </span>imma<span class=\"_ _0\"></span>teriali <span class=\"_ _23\"> </span>a <span class=\"_ _23\"> </span>vita <span class=\"_ _8\"> </span>utile <span class=\"_ _23\"> </span>definita <span class=\"_ _8\"> </span>sono <span class=\"_ _23\"> </span>esposte <span class=\"_ _23\"> </span>al <span class=\"_ _23\"> </span>netto <span class=\"_ _23\"> </span>dei <span class=\"_ _8\"> </span>relativi ammortamen<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>accumulati <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>even<span class=\"_ _0\"></span>tuali <span class=\"_ _5\"></span>perdite <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>determinate <span class=\"_ _4\"></span>secondo <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>modalit\u00e0 descritte <span class=\"_ _a\"></span>nel <span class=\"_ _5\"></span>seguito. <span class=\"_ _a\"></span>L\u2019ammorta<span class=\"_ _0\"></span>mento <span class=\"_ _a\"></span>ha <span class=\"_ _a\"></span>inizi<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>quando <span class=\"_ _a\"></span>l\u2019attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>dispo<span class=\"_ _0\"></span>nibile <span class=\"_ _a\"></span>all\u2019<span class=\"_ _0\"></span>uso <span class=\"_ _a\"></span>ed <span class=\"_ _a\"></span>\u00e8 ripartito <span class=\"_ _4\"></span>sistemati<span class=\"_ _0\"></span>camente <span class=\"_ _4\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>relazione <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>residua <span class=\"_ _4\"></span>possibilit\u00e0 <span class=\"_ _4\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>utilizzazione <span class=\"_ _4\"></span>della <span class=\"_ _1\"></span>stessa <span class=\"_ _4\"></span>e cio\u00e8 <span class=\"_ _3\"></span>sulla <span class=\"_ _0\"></span>base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>utile. N<span class=\"_ _0\"></span>ell\u2019eserci<span class=\"_ _0\"></span>zio <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>cui <span class=\"_ _3\"></span>l\u2019attivit\u00e0 <span class=\"_ _3\"></span>immateriale <span class=\"_ _3\"></span>diviene <span class=\"_ _3\"></span>disponibile <span class=\"_ _3\"></span>per l\u2019uso, <span class=\"_ _3\"></span>l\u2019ammortamento<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>determinato<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tenendo <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>momento<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>effettivo <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>condizione<span class=\"ff2\"> </span>si manifesta.  La <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>stimata <span class=\"_\"> </span>de<span class=\"_ _0\"></span>lle <span class=\"_\"> </span>principali<span class=\"_ _0\"></span> <span class=\"_\"> </span>attivit\u00e0 <span class=\"_\"> </span>immateriali <span class=\"_\"> </span>a <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>defini<span class=\"_ _0\"></span>ta <span class=\"_\"> </span>\u00e8 <span class=\"_\"> </span>la seguente: Vita utile  attivit\u00e0 immateriali a vita utile definita - Costi di sviluppo 5 <span class=\"fc7 sc0\">i</span><span class=\"ff2\"><span class=\"fc7 sc0\"> </span></span>- Diritti di concessione, licenze e marchi 4-<span class=\"ls1\">18</span>-<span class=\"ls1\">30</span> - Altre attivit\u00e0 immateriali: 5-<span class=\"ls1\">22</span>       <span class=\"ls0\">Lista clienti </span>15<span class=\"ls0\">-</span>20<span class=\"ls0\"> </span>Attivit\u00e0 imma<span class=\"_ _0\"></span>teriali a vita ut<span class=\"_ _0\"></span>ile indefini<span class=\"_ _0\"></span>ta <span class=\"_ _1\"></span>e avviamento<span class=\"_ _0\"></span> Le <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _4\"></span>imma<span class=\"_ _0\"></span>teriali <span class=\"_ _1\"></span>aventi <span class=\"_ _1\"></span>vita <span class=\"_ _4\"></span>utile <span class=\"_ _1\"></span>indefinita <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>quelle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _4\"></span>per <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>quali, <span class=\"_ _1\"></span>sulla base <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>un\u2019analisi <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>tutti <span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>fattori <span class=\"_ _1\"></span>rilevanti, <span class=\"_ _4\"></span>non <span class=\"_ _1\"></span>c\u2019\u00e8 <span class=\"_ _1\"></span>un <span class=\"_ _4\"></span>prevedibile <span class=\"_ _1\"></span>limite <span class=\"_ _4\"></span>al <span class=\"_ _1\"></span>periodo <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _4\"></span>ci <span class=\"_ _1\"></span>si attende <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>genereran<span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>flussi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>cassa<span class=\"_ _0\"></span> in <span class=\"_ _3\"></span>entrata pe<span class=\"_ _0\"></span>r il <span class=\"_ _3\"></span>Gruppo. Le <span class=\"_ _3\"></span>Testate Edito<span class=\"_ _0\"></span>riali <span class=\"_ _0\"></span>sono considerate atti<span class=\"_ _0\"></span>vit\u00e0 a vita utile in<span class=\"_ _0\"></span>definita. Le <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _14\"> </span>immateriali <span class=\"_ _16\"> </span>a <span class=\"_ _14\"> </span>vita <span class=\"_ _14\"> </span>utile <span class=\"_ _b\"> </span>indefini<span class=\"_ _0\"></span>ta <span class=\"_ _14\"> </span>sono <span class=\"_ _14\"> </span>inizialmente <span class=\"_ _16\"> </span>rilevate <span class=\"_ _14\"> </span>al <span class=\"_ _14\"> </span>costo <span class=\"_ _14\"> </span>di acquisto, <span class=\"_ _a\"></span>deter<span class=\"_ _0\"></span>minato <span class=\"_ _5\"></span>secondo <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>stesse <span class=\"_ _a\"></span>modalit\u00e0 <span class=\"_ _5\"></span>indicate <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _5\"></span>immateriali <span class=\"_ _17\"></span>a <span class=\"_ _a\"></span>vita utile <span class=\"_ _1\"></span>definita, <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>ammortizzate, <span class=\"_ _1\"></span>bens\u00ec <span class=\"_ _1\"></span>soggette <span class=\"_ _1\"></span>annual<span class=\"_ _0\"></span>mente <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>pi\u00f9 <span class=\"_ _1\"></span>frequentemente<span class=\"_ _0\"></span>, se specifici even<span class=\"_ _0\"></span>ti indicano<span class=\"_ _0\"></span> la possibilit\u00e0 che<span class=\"_ _0\"></span> abbiano subito<span class=\"_ _0\"></span> una perdita di<span class=\"_ _0\"></span> valore, a verifiche<span class=\"_ _0\"></span> finalizzate <span class=\"_ _17\"></span>ad <span class=\"_ _17\"> </span>accertare <span class=\"_ _a\"></span>la <span class=\"_ _19\"> </span>recuperabilit\u00e0 <span class=\"_ _17\"></span>del <span class=\"_ _17\"></span>loro <span class=\"_ _17\"></span>valore <span class=\"_ _17\"></span>secondo <span class=\"_ _19\"> </span>le <span class=\"_ _17\"></span>modalit\u00e0 <span class=\"_ _17\"></span>previste <span class=\"_ _17\"></span>per l\u2019avviamento <span class=\"_\"> </span>descritte <span class=\"_\"> </span>nel <span class=\"_ _6\"> </span>seguito. <span class=\"_\"> </span>Le <span class=\"_ _6\"> </span>eventuali <span class=\"_\"> </span>svalutazioni <span class=\"_\"> </span>effettuate <span class=\"_\"> </span>sono <span class=\"_ _6\"> </span>ripristinate qualora <span class=\"_ _4\"></span>vengano <span class=\"_ _4\"></span>meno <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>motivi <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>hanno <span class=\"_ _5\"></span>generate<span class=\"_ _0\"></span>. <span class=\"_ _5\"></span>Nel <span class=\"_ _4\"></span>caso <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>acquisizione <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>societ\u00e0 controllate, <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>attivit\u00e0, <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>passivit\u00e0 <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>p<span class=\"_ _1\"></span>assivit\u00e0 <span class=\"_ _17\"></span>potenziali <span class=\"_ _17\"> </span>acquisite <span class=\"_ _19\"> </span>ed <span class=\"_ _19\"> </span>identificabili <span class=\"_ _17\"></span>sono rilevate al loro valore corrente (<span class=\"_ _1\"></span><span class=\"ff7\">fair value</span>) alla data di acquisizione. La differenza positiva tra il <span class=\"_ _5\"></span>costo <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>acquisto <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>quota <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>possesso <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>valore <span class=\"_ _a\"></span>corrente <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>tali <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _5\"></span>e passivit\u00e0 <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>classificata <span class=\"_ _19\"> </span>come <span class=\"_ _14\"> </span>avviamento<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>e <span class=\"_ _14\"> </span>iscritta <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>Bilancio <span class=\"_ _16\"> </span>come <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>immateriale.<span class=\"_ _0\"></span> L\u2019eventuale <span class=\"_ _3\"></span>differenza <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>gativa <span class=\"_ _0\"></span>(\u201cavvia<span class=\"_ _0\"></span>mento <span class=\"_ _3\"></span>negativo\u201d) <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _3\"></span>invece <span class=\"_ _0\"></span>rilevata <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Conto econo<span class=\"_ _0\"></span>mico al momento del<span class=\"_ _0\"></span>l\u2019acquisi<span class=\"_ _0\"></span>zione.<span class=\"ff2\"> </span>Dopo <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>rilevazione <span class=\"_ _5\"></span>iniziale, <span class=\"_ _5\"></span>l\u2019avviamento <span class=\"_ _5\"></span><span class=\"ff2\">non <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _4\"></span>ammortizzato, <span class=\"_ _5\"></span>ma <span class=\"_ _5\"></span>viene <span class=\"_ _5\"></span>sottoposto </span>annualmente, <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>pi\u00f9 <span class=\"_ _4\"></span>frequentemente <span class=\"_ _4\"></span>se <span class=\"_ _4\"></span>specifici <span class=\"_ _1\"></span>eventi <span class=\"_ _4\"></span>indicano <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>possibilit\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>aver <span class=\"_ _5\"></span>subito una <span class=\"_ _1\"></span>perdita <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>valore, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>verifiche <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>determina<span class=\"_ _0\"></span>re <span class=\"_ _1\"></span>l\u2019esistenza <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>eventuali <span class=\"_ _1\"></span>riduzioni <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>valore. Le eventuali <span class=\"_ _1\"></span>svalutazioni effettuate non <span class=\"_ _1\"></span>sono r<span class=\"_ _1\"></span>ipristinate qualora vengano meno <span class=\"_ _1\"></span>i motivi <span class=\"_ _1\"></span>che le hanno genera<span class=\"_ _0\"></span>te.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__27": {
   "value": "Attivit\u00e0 imma<span class=\"_ _0\"></span>teriali a vita utile de<span class=\"_ _0\"></span>finita Le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _5\"></span>immateriali<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sono <span class=\"_ _4\"></span>costituite <span class=\"_ _4\"></span>da <span class=\"_ _5\"></span>elementi <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>monetari, <span class=\"_ _4\"></span>privi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>consistenza<span class=\"_ _0\"></span> fisica, <span class=\"_ _4\"></span>chiaramen<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>identifi<span class=\"_ _0\"></span>cabili, <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>ollabil<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>atti <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>generare <span class=\"_ _4\"></span>benefici <span class=\"_ _1\"></span>economici <span class=\"_ _4\"></span>futuri. <span class=\"_ _1\"></span>Tali elementi <span class=\"_ _6\"> </span>sono <span class=\"_\"> </span>r<span class=\"_ _1\"></span>ilevati <span class=\"_\"> </span>al <span class=\"_ _15\"> </span>costo, <span class=\"_\"> </span>comprensivi <span class=\"_ _6\"> </span>dei <span class=\"_ _6\"> </span>costi <span class=\"_ _6\"> </span>accessori <span class=\"_ _6\"> </span>di <span class=\"_ _6\"> </span>diretta <span class=\"_ _6\"> </span>imputazione necessari a rende<span class=\"_ _0\"></span>re le attivi<span class=\"_ _0\"></span>t\u00e0 disponibili al<span class=\"_ _0\"></span>l\u2019uso. <span class=\"ff2\"> </span>Per <span class=\"_ _1\"></span>ciascuna <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>immateriale <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>momento <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>prima <span class=\"_ _1\"></span>rilevazione <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span>determinata la <span class=\"_ _17\"> </span>vita <span class=\"_ _19\"> </span>utile. <span class=\"_ _19\"> </span>Nel <span class=\"_ _19\"> </span>caso <span class=\"_ _17\"> </span>che, <span class=\"_ _19\"> </span>sull<span class=\"ff6\">a <span class=\"_ _19\"> </span>base <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>un\u2019anal<span class=\"_ _0\"></span>isi <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>tutt<span class=\"_ _1\"></span>i <span class=\"_ _17\"> </span>i <span class=\"_ _19\"> </span>fattori <span class=\"_ _19\"> </span>rilevanti, <span class=\"_ _17\"> </span>non <span class=\"_ _19\"> </span>ci <span class=\"_ _19\"> </span>sia <span class=\"_ _17\"> </span>un </span>prevedibile limite <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>perio<span class=\"_ _0\"></span>do <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>ci <span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>attende che <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>genereranno f<span class=\"_ _1\"></span>lussi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>cassa <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>entrata per il <span class=\"_ _0\"></span>Gruppo, l<span class=\"_ _0\"></span>\u2019attivit\u00e0 <span class=\"_ _0\"></span>immate<span class=\"_ _0\"></span>riale vi<span class=\"_ _0\"></span>ene conside<span class=\"_ _0\"></span>rata a<span class=\"_ _0\"></span> vita<span class=\"_ _0\"></span> utile i<span class=\"_ _0\"></span>ndefinita. <span class=\"_ _0\"></span>La sti<span class=\"_ _0\"></span>ma dell<span class=\"ff2\">a vi<span class=\"_ _0\"></span>ta </span>utile <span class=\"_ _17\"></span>\u00e8 <span class=\"_ _17\"></span>riesaminata <span class=\"_ _a\"></span>con <span class=\"_ _19\"> </span>periodicit\u00e0 <span class=\"_ _17\"></span>annuale <span class=\"_ _a\"></span>ed <span class=\"_ _19\"> </span>eventuali <span class=\"_ _17\"></span>cambiamen<span class=\"_ _0\"></span>ti, <span class=\"_ _17\"> </span>laddove <span class=\"_ _17\"></span>necessari,<span class=\"_ _0\"></span> sono apportati<span class=\"_ _0\"></span> con applicazi<span class=\"_ _0\"></span>one prospettica.  Le attivit\u00e0 <span class=\"_ _1\"></span>immaterial<span class=\"_ _0\"></span>i sono <span class=\"_ _1\"></span>eliminate<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>dal bilancio al <span class=\"_ _1\"></span>momento della vendita o <span class=\"_ _1\"></span>quando non <span class=\"_ _16\"> </span>sussistono <span class=\"_ _14\"> </span>benefici<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>economici <span class=\"_ _16\"> </span>futuri <span class=\"_ _14\"> </span>attesi <span class=\"_ _19\"> </span>dal <span class=\"_ _14\"> </span>loro <span class=\"_ _16\"> </span>uso <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>l'eventual<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>perdita <span class=\"_ _14\"> </span>o <span class=\"_ _14\"> </span>utile (calcolata <span class=\"_ _3\"></span>come <span class=\"_ _0\"></span>diffe<span class=\"_ _0\"></span>renza <span class=\"_ _3\"></span>tra <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>cessione <span class=\"_ _3\"></span>ed <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>carico) <span class=\"_ _0\"></span>viene <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>conto economico nell'anno<span class=\"_ _0\"></span> della suddet<span class=\"_ _0\"></span>ta eliminazione.<span class=\"_ _0\"></span>  Le <span class=\"_ _23\"> </span>attivit\u00e0 <span class=\"_ _8\"> </span>imma<span class=\"_ _0\"></span>teriali <span class=\"_ _23\"> </span>a <span class=\"_ _23\"> </span>vita <span class=\"_ _8\"> </span>utile <span class=\"_ _23\"> </span>definita <span class=\"_ _8\"> </span>sono <span class=\"_ _23\"> </span>esposte <span class=\"_ _23\"> </span>al <span class=\"_ _23\"> </span>netto <span class=\"_ _23\"> </span>dei <span class=\"_ _8\"> </span>relativi ammortamen<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>accumulati <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>even<span class=\"_ _0\"></span>tuali <span class=\"_ _5\"></span>perdite <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>determinate <span class=\"_ _4\"></span>secondo <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>modalit\u00e0 descritte <span class=\"_ _a\"></span>nel <span class=\"_ _5\"></span>seguito. <span class=\"_ _a\"></span>L\u2019ammorta<span class=\"_ _0\"></span>mento <span class=\"_ _a\"></span>ha <span class=\"_ _a\"></span>inizi<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>quando <span class=\"_ _a\"></span>l\u2019attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>dispo<span class=\"_ _0\"></span>nibile <span class=\"_ _a\"></span>all\u2019<span class=\"_ _0\"></span>uso <span class=\"_ _a\"></span>ed <span class=\"_ _a\"></span>\u00e8 ripartito <span class=\"_ _4\"></span>sistemati<span class=\"_ _0\"></span>camente <span class=\"_ _4\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>relazione <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>residua <span class=\"_ _4\"></span>possibilit\u00e0 <span class=\"_ _4\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>utilizzazione <span class=\"_ _4\"></span>della <span class=\"_ _1\"></span>stessa <span class=\"_ _4\"></span>e cio\u00e8 <span class=\"_ _3\"></span>sulla <span class=\"_ _0\"></span>base <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>utile. N<span class=\"_ _0\"></span>ell\u2019eserci<span class=\"_ _0\"></span>zio <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>cui <span class=\"_ _3\"></span>l\u2019attivit\u00e0 <span class=\"_ _3\"></span>immateriale <span class=\"_ _3\"></span>diviene <span class=\"_ _3\"></span>disponibile <span class=\"_ _3\"></span>per l\u2019uso, <span class=\"_ _3\"></span>l\u2019ammortamento<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>determinato<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tenendo <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>momento<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>effettivo <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>condizione<span class=\"ff2\"> </span>si manifesta.  La <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>stimata <span class=\"_\"> </span>de<span class=\"_ _0\"></span>lle <span class=\"_\"> </span>principali<span class=\"_ _0\"></span> <span class=\"_\"> </span>attivit\u00e0 <span class=\"_\"> </span>immateriali <span class=\"_\"> </span>a <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>defini<span class=\"_ _0\"></span>ta <span class=\"_\"> </span>\u00e8 <span class=\"_\"> </span>la seguente: Vita utile  attivit\u00e0 immateriali a vita utile definita - Costi di sviluppo 5 <span class=\"fc7 sc0\">i</span><span class=\"ff2\"><span class=\"fc7 sc0\"> </span></span>- Diritti di concessione, licenze e marchi 4-<span class=\"ls1\">18</span>-<span class=\"ls1\">30</span> - Altre attivit\u00e0 immateriali: 5-<span class=\"ls1\">22</span>       <span class=\"ls0\">Lista clienti </span>15<span class=\"ls0\">-</span>20<span class=\"ls0\"> </span>Attivit\u00e0 imma<span class=\"_ _0\"></span>teriali a vita ut<span class=\"_ _0\"></span>ile indefini<span class=\"_ _0\"></span>ta <span class=\"_ _1\"></span>e avviamento<span class=\"_ _0\"></span> Le <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _4\"></span>imma<span class=\"_ _0\"></span>teriali <span class=\"_ _1\"></span>aventi <span class=\"_ _1\"></span>vita <span class=\"_ _4\"></span>utile <span class=\"_ _1\"></span>indefinita <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>quelle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _4\"></span>per <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>quali, <span class=\"_ _1\"></span>sulla base <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>un\u2019analisi <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>tutti <span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>fattori <span class=\"_ _1\"></span>rilevanti, <span class=\"_ _4\"></span>non <span class=\"_ _1\"></span>c\u2019\u00e8 <span class=\"_ _1\"></span>un <span class=\"_ _4\"></span>prevedibile <span class=\"_ _1\"></span>limite <span class=\"_ _4\"></span>al <span class=\"_ _1\"></span>periodo <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _4\"></span>ci <span class=\"_ _1\"></span>si attende <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>genereran<span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>flussi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>cassa<span class=\"_ _0\"></span> in <span class=\"_ _3\"></span>entrata pe<span class=\"_ _0\"></span>r il <span class=\"_ _3\"></span>Gruppo. Le <span class=\"_ _3\"></span>Testate Edito<span class=\"_ _0\"></span>riali <span class=\"_ _0\"></span>sono considerate atti<span class=\"_ _0\"></span>vit\u00e0 a vita utile in<span class=\"_ _0\"></span>definita. Le <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _14\"> </span>immateriali <span class=\"_ _16\"> </span>a <span class=\"_ _14\"> </span>vita <span class=\"_ _14\"> </span>utile <span class=\"_ _b\"> </span>indefini<span class=\"_ _0\"></span>ta <span class=\"_ _14\"> </span>sono <span class=\"_ _14\"> </span>inizialmente <span class=\"_ _16\"> </span>rilevate <span class=\"_ _14\"> </span>al <span class=\"_ _14\"> </span>costo <span class=\"_ _14\"> </span>di acquisto, <span class=\"_ _a\"></span>deter<span class=\"_ _0\"></span>minato <span class=\"_ _5\"></span>secondo <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>stesse <span class=\"_ _a\"></span>modalit\u00e0 <span class=\"_ _5\"></span>indicate <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _5\"></span>immateriali <span class=\"_ _17\"></span>a <span class=\"_ _a\"></span>vita utile <span class=\"_ _1\"></span>definita, <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>ammortizzate, <span class=\"_ _1\"></span>bens\u00ec <span class=\"_ _1\"></span>soggette <span class=\"_ _1\"></span>annual<span class=\"_ _0\"></span>mente <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>pi\u00f9 <span class=\"_ _1\"></span>frequentemente<span class=\"_ _0\"></span>, se specifici even<span class=\"_ _0\"></span>ti indicano<span class=\"_ _0\"></span> la possibilit\u00e0 che<span class=\"_ _0\"></span> abbiano subito<span class=\"_ _0\"></span> una perdita di<span class=\"_ _0\"></span> valore, a verifiche<span class=\"_ _0\"></span> finalizzate <span class=\"_ _17\"></span>ad <span class=\"_ _17\"> </span>accertare <span class=\"_ _a\"></span>la <span class=\"_ _19\"> </span>recuperabilit\u00e0 <span class=\"_ _17\"></span>del <span class=\"_ _17\"></span>loro <span class=\"_ _17\"></span>valore <span class=\"_ _17\"></span>secondo <span class=\"_ _19\"> </span>le <span class=\"_ _17\"></span>modalit\u00e0 <span class=\"_ _17\"></span>previste <span class=\"_ _17\"></span>per l\u2019avviamento <span class=\"_\"> </span>descritte <span class=\"_\"> </span>nel <span class=\"_ _6\"> </span>seguito. <span class=\"_\"> </span>Le <span class=\"_ _6\"> </span>eventuali <span class=\"_\"> </span>svalutazioni <span class=\"_\"> </span>effettuate <span class=\"_\"> </span>sono <span class=\"_ _6\"> </span>ripristinate qualora <span class=\"_ _4\"></span>vengano <span class=\"_ _4\"></span>meno <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>motivi <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>hanno <span class=\"_ _5\"></span>generate<span class=\"_ _0\"></span>. <span class=\"_ _5\"></span>Nel <span class=\"_ _4\"></span>caso <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>acquisizione <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>societ\u00e0 controllate, <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>attivit\u00e0, <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>passivit\u00e0 <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>p<span class=\"_ _1\"></span>assivit\u00e0 <span class=\"_ _17\"></span>potenziali <span class=\"_ _17\"> </span>acquisite <span class=\"_ _19\"> </span>ed <span class=\"_ _19\"> </span>identificabili <span class=\"_ _17\"></span>sono rilevate al loro valore corrente (<span class=\"_ _1\"></span><span class=\"ff7\">fair value</span>) alla data di acquisizione. La differenza positiva tra il <span class=\"_ _5\"></span>costo <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>acquisto <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>quota <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>possesso <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>valore <span class=\"_ _a\"></span>corrente <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>tali <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _5\"></span>e passivit\u00e0 <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>classificata <span class=\"_ _19\"> </span>come <span class=\"_ _14\"> </span>avviamento<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>e <span class=\"_ _14\"> </span>iscritta <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>Bilancio <span class=\"_ _16\"> </span>come <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>immateriale.<span class=\"_ _0\"></span> L\u2019eventuale <span class=\"_ _3\"></span>differenza <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>gativa <span class=\"_ _0\"></span>(\u201cavvia<span class=\"_ _0\"></span>mento <span class=\"_ _3\"></span>negativo\u201d) <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _3\"></span>invece <span class=\"_ _0\"></span>rilevata <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Conto econo<span class=\"_ _0\"></span>mico al momento del<span class=\"_ _0\"></span>l\u2019acquisi<span class=\"_ _0\"></span>zione.<span class=\"ff2\"> </span>Dopo <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>rilevazione <span class=\"_ _5\"></span>iniziale, <span class=\"_ _5\"></span>l\u2019avviamento <span class=\"_ _5\"></span><span class=\"ff2\">non <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _4\"></span>ammortizzato, <span class=\"_ _5\"></span>ma <span class=\"_ _5\"></span>viene <span class=\"_ _5\"></span>sottoposto </span>annualmente, <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>pi\u00f9 <span class=\"_ _4\"></span>frequentemente <span class=\"_ _4\"></span>se <span class=\"_ _4\"></span>specifici <span class=\"_ _1\"></span>eventi <span class=\"_ _4\"></span>indicano <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>possibilit\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>aver <span class=\"_ _5\"></span>subito una <span class=\"_ _1\"></span>perdita <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>valore, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>verifiche <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>determina<span class=\"_ _0\"></span>re <span class=\"_ _1\"></span>l\u2019esistenza <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>eventuali <span class=\"_ _1\"></span>riduzioni <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>valore. Le eventuali <span class=\"_ _1\"></span>svalutazioni effettuate non <span class=\"_ _1\"></span>sono r<span class=\"_ _1\"></span>ipristinate qualora vengano meno <span class=\"_ _1\"></span>i motivi <span class=\"_ _1\"></span>che le hanno genera<span class=\"_ _0\"></span>te.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__29": {
   "value": "Immobili, imp<span class=\"_ _0\"></span>ianti e macchinari Gli <span class=\"_\"> </span>i<span class=\"_ _0\"></span>mmobili, <span class=\"_ _b\"> </span>impianti <span class=\"_ _b\"> </span>e<span class=\"_ _0\"></span> <span class=\"_\"> </span>ma<span class=\"_ _0\"></span>cchinari <span class=\"_ _b\"> </span>sono <span class=\"_ _b\"> </span>rilevati <span class=\"_\"> </span>al<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>costo, <span class=\"_ _b\"> </span>comprensiv<span class=\"_ _0\"></span>o <span class=\"_\"> </span>de<span class=\"_ _0\"></span>i <span class=\"_\"> </span>c<span class=\"_ _0\"></span>osti accessori <span class=\"_ _1\"></span>direttamente <span class=\"_ _1\"></span>imputabili <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>necessari <span class=\"_ _4\"></span>all<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>mess<span class=\"ff6\">a <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>funzione <span class=\"_ _4\"></span>del <span class=\"_ _1\"></span>bene <span class=\"_ _4\"></span>per <span class=\"_ _1\"></span>l\u2019uso <span class=\"_ _4\"></span>per </span>cui \u00e8 sta<span class=\"_ _0\"></span>to acquis<span class=\"_ _0\"></span>tato, in<span class=\"_ _0\"></span>crementato, i<span class=\"_ _0\"></span>n presenza<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di obbl<span class=\"_ _0\"></span>igazioni <span class=\"_ _0\"></span>attuali, del <span class=\"_ _0\"></span>valore a<span class=\"_ _0\"></span>ttuale del costo stimato pe<span class=\"_ _0\"></span>r lo smantellamento<span class=\"_ _0\"></span> e la rimozion<span class=\"_ _0\"></span>e dell\u2019attivi<span class=\"_ _0\"></span>t\u00e0. <span class=\"ff2\"> </span>Gli oneri finanziari che <span class=\"_ _1\"></span>sono direttamente imputa<span class=\"_ _0\"></span>bili <span class=\"ff6\">al<span class=\"_ _1\"></span>l\u2019acquisi<span class=\"_ _0\"></span>zione, alla costr<span class=\"_ _1\"></span>uzione </span>o alla produzione di un<span class=\"_ _0\"></span> bene, sono<span class=\"_ _0\"></span> capitalizzati come pa<span class=\"_ _0\"></span>rte del cos<span class=\"_ _0\"></span>to del bene stesso <span class=\"_ _0\"></span>fino al momento in cui il<span class=\"_ _0\"></span> bene \u00e8 pronto<span class=\"_ _0\"></span> per l\u2019uso previs<span class=\"_ _0\"></span>to o la vendita<span class=\"_ _0\"></span>.<span class=\"ff2\"> </span>Gli <span class=\"_ _4\"></span>oneri <span class=\"_ _1\"></span>sostenuti <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>manutenzi<span class=\"_ _0\"></span>oni <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>riparazion<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>ura<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>ordinaria <span class=\"_ _1\"></span>e/o <span class=\"_ _4\"></span>ciclica sono <span class=\"_ _b\"> </span>direttamen<span class=\"_ _0\"></span>te <span class=\"_\"> </span>i<span class=\"_ _0\"></span>mputati <span class=\"_ _14\"> </span>al <span class=\"_\"> </span>Cont<span class=\"_ _0\"></span>o <span class=\"_ _b\"> </span>economi<span class=\"_ _0\"></span>co <span class=\"_ _b\"> </span>dell<span class=\"_ _0\"></span>\u2019esercizio <span class=\"_ _14\"> </span>in <span class=\"_\"> </span>cui <span class=\"_ _14\"> </span>sono <span class=\"_\"> </span>sostenu<span class=\"_ _0\"></span>ti. <span class=\"_\"> </span>La<span class=\"_ _0\"></span> capitalizzazion<span class=\"_ _0\"></span>e dei costi inerenti l\u2019ampliamen<span class=\"_ _0\"></span>to, l\u2019ammodernamen<span class=\"_ _0\"></span>to o il miglior<span class=\"ff2\">ament<span class=\"_ _1\"></span>o degli<span class=\"_ _0\"></span> </span>elementi <span class=\"_ _1\"></span>strutturali <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>propriet\u00e0 <span class=\"_ _4\"></span>o <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>uso <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>terzi, <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>effettuata <span class=\"_ _1\"></span>esclusivamente <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>limiti <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>cui gli <span class=\"_ _0\"></span>stessi ri<span class=\"_ _0\"></span>spondano <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>requi<span class=\"_ _0\"></span>siti <span class=\"_ _0\"></span>per esse<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>separatamen<span class=\"_ _0\"></span>te cl<span class=\"_ _0\"></span>assificati <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> una attivit\u00e0 applican<span class=\"_ _0\"></span>do il criterio del<span class=\"_ _0\"></span> <span class=\"ff7\">component a<span class=\"_ _0\"></span>pproach<span class=\"ff2\">. </span></span>Gli <span class=\"_ _a\"></span>immobili<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>impianti <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>macchinari <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>espo<span class=\"_ _0\"></span>sti <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>netto <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>rela<span class=\"_ _0\"></span>tivi <span class=\"_ _a\"></span>ammortamen<span class=\"_ _0\"></span>ti accumulati <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>eventual<span class=\"_ _0\"></span>i <span class=\"_ _a\"></span>perdite <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>valore <span class=\"_ _a\"></span>deter<span class=\"_ _0\"></span>minate <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>base <span class=\"_ _a\"></span>alle <span class=\"_ _a\"></span>modal<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _a\"></span>descritte <span class=\"_ _a\"></span>nel<span class=\"_ _0\"></span> seguito. L'a<span class=\"_ _0\"></span>mmortamen<span class=\"_ _0\"></span>to \u00e8 <span class=\"_ _0\"></span>calcolato<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> quo<span class=\"_ _0\"></span>te co<span class=\"_ _0\"></span>stanti i<span class=\"_ _0\"></span>n ba<span class=\"_ _0\"></span>se al<span class=\"_ _0\"></span>la vita<span class=\"_ _0\"></span> utile <span class=\"_ _0\"></span>stimata<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>bene<span class=\"_ _0\"></span> per l\u2019impresa, che \u00e8 riesaminata con periodicit\u00e0 annua<span class=\"_ _0\"></span>le ed eventuali cambiamenti, laddove necessari, sono apportati con applicazione <span class=\"_ _1\"></span>prosp<span class=\"_ _0\"></span>ettica. Le cave <span class=\"_ _1\"></span>sono ammortizzate<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>base ai <span class=\"_ _18\"> </span>quantitativi <span class=\"_ _1e\"> </span>estrat<span class=\"_ _0\"></span>ti <span class=\"_ _1e\"> </span>nel <span class=\"_ _18\"> </span>periodo <span class=\"_ _1e\"> </span>in <span class=\"_ _18\"> </span>relazione <span class=\"_ _18\"> </span>alla <span class=\"_ _1e\"> </span>quantit\u00e0 <span class=\"_ _18\"> </span>estraibile <span class=\"_ _18\"> </span>nel <span class=\"_ _1e\"> </span>periodo<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>di<span class=\"_ _0\"></span> sfruttamento <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>cava <span class=\"_ _3\"></span>(criterio <span class=\"_ _3\"></span>scavato/scavabil<span class=\"_ _0\"></span>e). <span class=\"_ _3\"></span>I<span class=\"_ _1\"></span>n <span class=\"_ _3\"></span>presenza <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>un\u2019obbligazione <span class=\"_ _3\"></span>specifica<span class=\"_ _0\"></span>, viene iscri<span class=\"_ _0\"></span>tto un appo<span class=\"_ _0\"></span>sito fondo <span class=\"_ _0\"></span>nel passi<span class=\"_ _0\"></span>vo al fine<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span> ripristino ambien<span class=\"_ _0\"></span>tale de<span class=\"_ _0\"></span>i siti og<span class=\"_ _0\"></span>getto di sfruttamento. La <span class=\"ls0\">vita utile stimata<span class=\"_ _0\"></span> dei principa<span class=\"_ _0\"></span>li immobili<span class=\"_ _0\"></span>, impianti e macchina<span class=\"_ _0\"></span>ri \u00e8 la segue<span class=\"_ _0\"></span>nte: </span>Vita utile dell\u2019att<span class=\"_ _0\"></span>ivit\u00e0 mate<span class=\"_ _0\"></span>riale<span class=\"ff1\"> </span>Cave Scavato/scavab<span class=\"_ _0\"></span>ile Fabbricati destinati<span class=\"_ _0\"></span> all\u2019industria<span class=\"ff2\"> </span>18 <span class=\"ls0\">-30 anni </span>Fabbricati 33 anni Impianti antiinquina<span class=\"_ _0\"></span>mento 7 anni Impianti di prod<span class=\"_ _0\"></span>uzione  10<span class=\"ls0\">-20 anni </span>Impianti generic<span class=\"_ _0\"></span>i  8-10 anni Impianti specifi<span class=\"_ _0\"></span>ci 6-8 anni Attrezzature 2,5-4 anni Mobili e macch<span class=\"_ _0\"></span>ine d\u2019ufficio<span class=\"ff2\"> </span>8 anni Autoveicoli da <span class=\"_ _0\"></span>trasporto 4-5 anniMacchine elettroni<span class=\"_ _0\"></span>che 5 anni Escavatori, me<span class=\"_ _0\"></span>zzi operativi, auto<span class=\"_ _0\"></span>veicoli da tra<span class=\"_ _0\"></span>sporto 5 anni Costruzioni legger<span class=\"_ _0\"></span>e 8-10 anni Casseformi metall<span class=\"_ _0\"></span>iche 4 anni Rotative da sta<span class=\"_ _0\"></span>mpa 15 anni Si <span class=\"_ _5\"></span>precisa <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>intervalli<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sopra <span class=\"_ _5\"></span>riportati, <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>identificano <span class=\"_ _4\"></span>i <span class=\"_ _a\"></span>limi<span class=\"_ _0\"></span>ti <span class=\"_ _4\"></span>minimi <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>massimi,<span class=\"_ _0\"></span> riflettono <span class=\"_ _3\"></span>la p<span class=\"_ _0\"></span>resenza <span class=\"_ _3\"></span>nella ste<span class=\"_ _0\"></span>ssa <span class=\"_ _3\"></span>categoria <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>cespiti, <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>componenti <span class=\"_ _3\"></span>caratterizzati <span class=\"_ _0\"></span>da<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>vite <span class=\"_ _3\"></span>utili diverse. I <span class=\"_ _1\"></span>terreni, <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>liberi <span class=\"_ _1\"></span>da costruzione <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>annessi <span class=\"_ _1\"></span>a f<span class=\"_ _1\"></span>abbricati civili <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>industriali, <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>sono ammortizzati in quan<span class=\"_ _0\"></span>to elementi<span class=\"_ _0\"></span> a vita utile il<span class=\"_ _0\"></span>limitata. Qualora <span class=\"_ _23\"> </span>il <span class=\"_ _8\"> </span>bene <span class=\"_ _23\"> </span>oggetto <span class=\"_ _23\"> </span>di <span class=\"_ _8\"> </span>ammortamento <span class=\"_ _23\"> </span>sia <span class=\"_ _23\"> </span>composto <span class=\"_ _23\"> </span>da <span class=\"_ _8\"> </span>elementi <span class=\"_ _23\"> </span>distintamente<span class=\"_ _0\"></span> identificabili<span class=\"_ _0\"></span> <span class=\"_\"> </span>la <span class=\"_\"> </span>cui <span class=\"_\"> </span>vita <span class=\"_\"> </span>utile <span class=\"_\"> </span>differisce <span class=\"_\"> </span>significa<span class=\"_ _0\"></span>tivamente <span class=\"_\"> </span>da <span class=\"_\"> </span>quell<span class=\"_ _0\"></span>a <span class=\"_\"> </span>delle <span class=\"_\"> </span>altre <span class=\"_\"> </span>parti <span class=\"_\"> </span>che<span class=\"_ _0\"></span> compongono <span class=\"_ _4\"></span>l\u2019attivit\u00e0, <span class=\"_ _5\"></span>l\u2019ammortament<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>effettuato <span class=\"_ _4\"></span>separatamente <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>ciascuna <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>parti che compongono il<span class=\"_ _0\"></span> bene in appli<span class=\"_ _0\"></span>cazione del princ<span class=\"_ _0\"></span>ipio del <span class=\"ff7\">component appr<span class=\"_ _0\"></span>oach<span class=\"ff2\">. </span></span>Al <span class=\"_ _5\"></span>m<span class=\"_ _1\"></span>omento <span class=\"_ _5\"></span>della <span class=\"_ _a\"></span>vendit<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>o <span class=\"_ _5\"></span>quando <span class=\"_ _a\"></span>non <span class=\"_ _5\"></span>sussistono <span class=\"_ _5\"></span>benefici <span class=\"_ _a\"></span>econo<span class=\"_ _0\"></span>mici <span class=\"_ _a\"></span>futuri <span class=\"_ _5\"></span>attesi dall'uso <span class=\"_ _3\"></span>di una <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _0\"></span>materiale, <span class=\"_ _3\"></span>essa viene <span class=\"_ _3\"></span>eliminata <span class=\"_ _3\"></span>dal Bi<span class=\"_ _0\"></span>lancio <span class=\"_ _3\"></span>e l'eventuale <span class=\"_ _3\"></span>perdita o <span class=\"_ _3\"></span>utile (calcolata come differenz<span class=\"_ _0\"></span>a tra <span class=\"_ _1\"></span>il valore di cessione ed il relativo valore net<span class=\"_ _1\"></span>to contabile) viene rilevata a conto econo<span class=\"_ _0\"></span>mico nell'anno<span class=\"_ _0\"></span> della suddet<span class=\"_ _0\"></span>ta eliminazione.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__31": {
   "value": "Leasing<span class=\"fc5\">  </span>Lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>io Ind<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sing<span class=\"_ _0\"></span> Al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>data<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>de<span class=\"_ _0\"></span>l <span class=\"_ _5\"></span>cont<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>(<span class=\"ff7\">ince<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>da<span class=\"_ _0\"></span>te<span class=\"ff2\">, <span class=\"_ _5\"></span>an<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ore<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>tra<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>quel<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>sti<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>e </span></span>qu<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>parti<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>imp<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>ris<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>tta<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>term<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ttu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i)<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>suc<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e, <span class=\"_ _4\"></span>ad og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>cont<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>socie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>se <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>e o <span class=\"_ _5\"></span>rapp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">leas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\">. <span class=\"_ _5\"></span>In <span class=\"_ _5\"></span>parti<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>cont<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ra<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>se<span class=\"_ _3\"></span> </span></span></span></span>tra<span class=\"_ _0\"></span>sfe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>e <span class=\"_ _17\"> </span>il <span class=\"_ _17\"> </span>dir<span class=\"_ _0\"></span>itt<span class=\"_ _0\"></span>o <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>contr<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>l\u2019u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>liz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>un<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>bene<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>iden<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>, <span class=\"_ _17\"> </span>per <span class=\"_ _17\"> </span>un <span class=\"_ _17\"> </span>per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>temp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> sta<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>to,<span class=\"_ _0\"></span> in ca<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> di un<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _0\"></span>rri<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> Per va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span> un contr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> o rapp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span> un le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span>: \u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span></span>va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>se<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>risp<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>to <span class=\"_ _5\"></span>al<span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ide<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>deti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>diri<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>otte<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sosta<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> tut<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> il<span class=\"_ _0\"></span> su<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>o l<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>go<span class=\"_ _0\"></span> tu<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>l p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i ut<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>zzo<span class=\"_ _0\"></span>; \u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span></span>ve<span class=\"_ _0\"></span>rif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a se <span class=\"_ _1\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>si rife<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>al<span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zzo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di una<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a, espl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cita<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>o imp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>, <span class=\"_ _14\"> </span>fisi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>dist<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>o <span class=\"_ _14\"> </span>rap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>sos<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>tutt<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>la <span class=\"_ _14\"> </span>cap<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span>'at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fis<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>a. <span class=\"_ _3\"></span>Se<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>forn<span class=\"_ _0\"></span>ito<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>dir<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>sos<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>sos<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tuzi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>l'att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>non<span class=\"_ _0\"></span> \u00e8 i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span>; \u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span>ve<span class=\"_ _0\"></span>rif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ha<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>to <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>diri<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>l'uti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>'a<span class=\"_ _0\"></span>ttiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0. <span class=\"_ _a\"></span>L<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _a\"></span>ri<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>god<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>d<span class=\"_ _0\"></span>i </span>qu<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>diri<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deci<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>no <span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pi\u00f9<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rile<span class=\"_ _0\"></span>van<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>camb<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>are la<span class=\"ls0\"> mo<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> e <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> fi<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>di u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zzo<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> st<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>. </span>Pe<span class=\"_ _0\"></span>r <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>contr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ti <span class=\"_ _4\"></span>con<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>pi<span class=\"_ _0\"></span>\u00f9 <span class=\"_ _4\"></span>com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>na<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span><span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span></span>leas<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\">, <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>qui<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>rien<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i </span></span>so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>al<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>pri<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>conta<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>, <span class=\"_ _14\"> </span>oc<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>re <span class=\"_ _16\"> </span>le <span class=\"_ _14\"> </span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>compo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti <span class=\"_ _16\"> </span>alle <span class=\"_ _16\"> </span>qual<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>appl<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>i ris<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tabi<span class=\"_ _3\"></span>li. La<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dura<span class=\"_ _0\"></span>ta <span class=\"_ _16\"> </span>de<span class=\"_ _0\"></span>l <span class=\"_ _16\"> </span>lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _16\"> </span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>qua<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>loc<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>mette<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>ben<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>rio </span>(<span class=\"ff7\">co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span><span class=\"ff2\">) <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ann<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>contr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o, </span></span>ci<span class=\"_ _0\"></span>o\u00e8<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>peri<span class=\"_ _0\"></span>odo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>part<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>hann<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>diri<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>degli<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ob<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>lega<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ese<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi (<span class=\"ff7\">en<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"ff2\">) e<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span> <span class=\"ff7\">re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t-fr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span><span class=\"ff2\">. A<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>a s<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>: </span></span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span>\u2019op<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(\u201co<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>rog<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>\u201d <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span><span class=\"ff7\">rene<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> </span>op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"ff2\">)<span class=\"_ _0\"></span>, q<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> \u00e8<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> ce<span class=\"_ _0\"></span>rta<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i e<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> ta<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span>pz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne;<span class=\"_ _0\"></span>  </span>\u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span></span>i <span class=\"_ _14\"> </span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>su<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>all<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>da<span class=\"_ _0\"></span>ta <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>ris<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>uz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne <span class=\"_ _16\"> </span>(\u201copz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>risol<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>\u201d <span class=\"_ _14\"> </span>o <span class=\"_ _b\"> </span><span class=\"ff7\">te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </span>op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"ff2\">)<span class=\"_ _0\"></span>, q<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> \u00e8<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> ta<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>pz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>. </span>Le<span class=\"_ _0\"></span> op<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _3\"></span> di r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>o d<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>oca<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>e n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>o c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>.  La<span class=\"_ _0\"></span> ragi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>le ce<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>a di<span class=\"_ _0\"></span> ese<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> o men<span class=\"_ _0\"></span>o un<span class=\"_ _0\"></span>\u2019o<span class=\"_ _0\"></span>pz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> di pr<span class=\"_ _0\"></span>oro<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span> o ris<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>uzi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ta da<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o <span class=\"_ _14\"> </span>\u00e8 <span class=\"_ _14\"> </span>ve<span class=\"_ _0\"></span>rif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>da<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>soc<span class=\"_ _0\"></span>iet<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _14\"> </span>all<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>data<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>deco<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>, <span class=\"_ _14\"> </span>con<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>tutti<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>i <span class=\"_ _14\"> </span>fat<span class=\"_ _0\"></span>ti <span class=\"_ _16\"> </span>e <span class=\"_ _14\"> </span>le ci<span class=\"_ _0\"></span>rco<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ze<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>che <span class=\"_ _17\"> </span>gene<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>no <span class=\"_ _17\"> </span>un <span class=\"_ _19\"> </span>inc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"ff6\">v<span class=\"_ _0\"></span>o <span class=\"_ _19\"> </span>eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>co <span class=\"_ _17\"> </span>all<span class=\"_ _0\"></span>\u2019es<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>meno<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>del<span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>, <span class=\"_ _19\"> </span>ed <span class=\"_ _17\"> </span>\u00e8 </span>su<span class=\"_ _0\"></span>cce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _17\"> </span>rive<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>ogn<span class=\"_ _0\"></span>i <span class=\"_ _17\"> </span>qual<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>si<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>pres<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>eve<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>sig<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>camb<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nti<span class=\"_ _3\"></span> ne<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>circ<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ze<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>che <span class=\"_ _2b\"></span>pot<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>bb<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>inci<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _2b\"></span>sua<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _2b\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>sono <span class=\"_ _2b\"></span>sot<span class=\"_ _0\"></span>to <span class=\"_ _2b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>contr<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>lo de<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t<span class=\"lsd\">\u00e0.</span> Co<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"ff7\">l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> </span></span>Al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>dec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff6\">, <span class=\"_ _3\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>socie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rileva<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l\u2019a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>diri<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>util<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(<span class=\"ff7\">R<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>Use<span class=\"_ _0\"></span> </span></span></span>o R<span class=\"_ _0\"></span>oU<span class=\"_ _0\"></span><span class=\"ff2\">) <span class=\"_ _0\"></span>e l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> (<span class=\"ff7\">l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty<span class=\"_ _0\"></span><span class=\"ff2 lsc\">).<span class=\"ls0\"> </span></span></span></span></span></span>L\u2019<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _a\"></span>consi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>dir<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>to <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>util<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo <span class=\"_ _a\"></span>vien<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>inizi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>valu<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>costo<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>compr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'im<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>val<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>pa<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>retti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>pa<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dov<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span> </span></span>pe<span class=\"_ _0\"></span>r il<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> e<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>ttu<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i al<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>di d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>orr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>to d<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span> </span></span>in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>sost<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>cost<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>che <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oca<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>vr<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>sost<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o e l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>moz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>l r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> si<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> cu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> \u00e8 ub<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> ne<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span> al<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> ri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>evu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>.  </span></span>La<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"ff7\">l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"ff2\"> <span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> al<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>vu<span class=\"_ _0\"></span>ti p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> il<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </span></span>ve<span class=\"_ _0\"></span>rsa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>deco<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nza<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Ai <span class=\"_ _3\"></span>fini<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ll\u2019<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zaz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>poss<span class=\"_ _0\"></span>ibi<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ev<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>da<span class=\"_ _0\"></span>l con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>, il tass<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> impl<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>to del<span class=\"_ _0\"></span> <span class=\"_ _1\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff2\"> o, in alte<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>a,<span class=\"_ _0\"></span> il tass<span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> </span></span>fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>marg<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>(<span class=\"ff7\">in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>bor<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>rate <span class=\"_ _1\"></span>- <span class=\"_ _1\"></span>IBR<span class=\"_ _0\"></span><span class=\"ff2\">).<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>pag<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i dov<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _1\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _1\"></span><span class=\"ff7\">leasi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"ff2\"> </span></span></span></span>in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>nel<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>val<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>de<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>pa<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _4\"></span>comp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>pag<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>fissi<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>paga<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>vari<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili ch<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>da<span class=\"_ _0\"></span> u<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>indic<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>tas<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>pagar<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> g<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>zia su<span class=\"_ _0\"></span>l <span class=\"_ _14\"> </span>va<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>resi<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>pr<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>un\u2019o<span class=\"_ _0\"></span>pz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>acqui<span class=\"_ _3\"></span>sto <span class=\"_ _14\"> </span>(ch<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>la<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>ha <span class=\"_ _14\"> </span>la<span class=\"_ _0\"></span> rag<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span> cert<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span> di ese<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>re)<span class=\"_ _0\"></span>, i pa<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> dovu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> in un<span class=\"_ _0\"></span> perio<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>o di rinn<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>o fac<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>o (s<span class=\"_ _0\"></span>e la<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>soci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _14\"> </span>ha <span class=\"_ _b\"> </span><span class=\"ff6\">l<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>ragi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>evo<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>certe<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>ese<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>re <span class=\"_ _14\"> </span>l\u2019<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di <span class=\"_ _b\"> </span>ri<span class=\"_ _0\"></span>nno<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>) <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>penal<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _14\"> </span>di </span>ris<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>anti<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(a <span class=\"_ _3\"></span>meno<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>abb<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>ra<span class=\"_ _0\"></span>gio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cert<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>ris<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>re an<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>tam<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"ff2 lsc\">).<span class=\"_ _0\"></span><span class=\"ls0\"> </span></span></span>Su<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>, <span class=\"_ _17\"> </span>l\u2019at<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>per <span class=\"_ _17\"> </span>il <span class=\"_ _17\"> </span>dir<span class=\"_ _0\"></span>itt<span class=\"_ _0\"></span>o <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>util<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"ff2\">o <span class=\"_ _17\"> </span>vien<span class=\"_ _0\"></span>e <span class=\"_ _17\"></span>ammo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a <span class=\"_ _17\"> </span>a <span class=\"_ _19\"> </span>qu<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e <span class=\"_ _17\"> </span>cost<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>per<span class=\"_ _0\"></span> </span>l\u2019i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>du<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>a del contr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o, a <span class=\"_ _1\"></span>meno<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>stes<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>non<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pre<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il t<span class=\"_ _1\"></span>ras<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> pro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>ov<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ro <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>costo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span><span class=\"ff7\">le<span class=\"_ _0\"></span>asi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>ri<span class=\"_ _0\"></span>flet<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>fatto<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>il </span></span></span></span>lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>ese<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span><span class=\"ff6\">r\u00e0<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>l\u2019op<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>acq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>to.<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>In <span class=\"_ _14\"> </span>tal<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>ul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>fatti<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>l\u2019<span class=\"_ _0\"></span>amm<span class=\"_ _0\"></span>ort<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to <span class=\"_ _14\"> </span>do<span class=\"_ _0\"></span>vr<span class=\"_ _0\"></span>\u00e0 </span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>re il <span class=\"_ _1\"></span>pi<span class=\"_ _0\"></span>\u00f9 brev<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>tra<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la vita<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>uti<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>ne e <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>dura<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Le vite<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>uti<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>sti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span>le att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>l d<span class=\"_ _0\"></span>iri<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> ut<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>zzo<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>lc<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ndo i<span class=\"_ _0\"></span>l m<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>imo<span class=\"_ _0\"></span> cr<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>o app<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> all<span class=\"_ _0\"></span>e vo<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> imm<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>zza<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>rifer<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to.<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>Inol<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>, <span class=\"_ _17\"></span>l'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>pe<span class=\"_ _0\"></span>r <span class=\"_ _17\"> </span>il <span class=\"_ _17\"></span>dir<span class=\"_ _0\"></span>itt<span class=\"_ _0\"></span>o <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>uti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>o <span class=\"_ _17\"></span>vien<span class=\"_ _0\"></span>e <span class=\"_ _17\"></span>dim<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>e ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span> <span class=\"_\"> </span>per<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_\"> </span>per <span class=\"_\"> </span>rid<span class=\"_ _0\"></span>uz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_\"> </span>di <span class=\"_\"> </span>val<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>re <span class=\"_\"> </span>(<span class=\"ff7\">imp<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>rmen<span class=\"_ _0\"></span>t<span class=\"ff2\">)<span class=\"_ _0\"></span> <span class=\"_\"> </span>e <span class=\"_\"> </span>retti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_\"> </span>al <span class=\"_\"> </span>fin<span class=\"_ _0\"></span>e <span class=\"_\"> </span>di<span class=\"_ _0\"></span> <span class=\"_\"> </span>rifl<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e <span class=\"_\"> </span>le<span class=\"_ _0\"></span> </span></span>rim<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vit\u00e0<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\">. </span></span>La<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _4\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>suc<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>alla<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>taz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>deco<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>\u00e8 </span></span>va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>cos<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>ammor<span class=\"_ _0\"></span>tiz<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>uti<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zan<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>cri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>dell<span class=\"_ _0\"></span>\u2019in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>effet<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _4\"></span>rimi<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>mod<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>futur<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>pa<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>dov<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span><span class=\"ff7\">leas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _3\"></span>der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>vari<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'in<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ce </span></span>o <span class=\"_ _a\"></span>tas<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>caso<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>mod<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'i<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>rto<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>prev<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>dov<span class=\"_ _0\"></span>er <span class=\"_ _a\"></span>p<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>tito<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span> ga<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sul<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>valo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>res<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>qua<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>soci<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _4\"></span>modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>sua<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>valu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>rife<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> al<span class=\"_ _0\"></span>l'<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>o o <span class=\"_ _1\"></span>meno<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di un'opz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>ac<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>to,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pro<span class=\"_ _0\"></span>rog<span class=\"_ _0\"></span>a o <span class=\"_ _1\"></span>riso<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>uzi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e. Quan<span class=\"_ _0\"></span>do la <span class=\"_ _1\"></span>pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 del le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> vien<span class=\"_ _0\"></span>e rim<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>, il loca<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span> proc<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>e ad una cor<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span> modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca del<span class=\"_ _0\"></span>l'<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> per il<span class=\"_ _0\"></span> </span>di<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>tili<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>o. <span class=\"_ _5\"></span>Se <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>val<span class=\"_ _3\"></span>ore <span class=\"_ _5\"></span>cont<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>dirit<span class=\"_ _0\"></span>to <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>rido<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ze<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>l<span class=\"_ _0\"></span>a mod<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> nel<span class=\"_ _3\"></span>l'uti<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>/(p<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ta)<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l\u2019e<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>o.<span class=\"ff2\"> </span>Ne<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>situ<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e-fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ziar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>, l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e l<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tto<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> util<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>tra<span class=\"_ _0\"></span> le immo<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zza<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span>, nel<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a stes<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>vo<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> nel<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> qual<span class=\"_ _0\"></span>e sar<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>ro <span class=\"_ _1\"></span>esp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span> tali<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0,<span class=\"_ _0\"></span> se<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0;<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e l<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>pas<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>pas<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fina<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>A <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span> gl<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>pas<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>sull<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>pas<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _14\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>leasi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _b\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sco<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _14\"> </span>una<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>deg<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ri <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sti<span class=\"_ _3\"></span> se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> q<span class=\"_ _0\"></span>uo<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>ammo<span class=\"_ _0\"></span>rta<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tto<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> ut<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span>. Lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>e Ind<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sing<span class=\"_ _0\"></span> Al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>da<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>iniz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>e, <span class=\"_ _16\"> </span>suc<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>ad <span class=\"_ _16\"> </span>ogn<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>mod<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>dei<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>termi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>dell<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i <span class=\"_\"> </span>c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ttu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i,<span class=\"_ _0\"></span> <span class=\"_\"> </span>la <span class=\"_\"> </span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> <span class=\"_\"> </span>cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca <span class=\"_\"> </span>og<span class=\"_ _0\"></span>nun<span class=\"_ _0\"></span>o <span class=\"_\"> </span>d<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span> <span class=\"_\"> </span>sui<span class=\"_ _0\"></span> <span class=\"_\"> </span><span class=\"ff7\">leasi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_\"> </span><span class=\"ff6\">\u201cat<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>\u201d <span class=\"_\"> </span>co<span class=\"_ _0\"></span>me <span class=\"_\"> </span><span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> </span></span></span></span></span>fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>o <span class=\"_ _19\"> </span>lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _16\"> </span>op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>A <span class=\"_ _19\"> </span>tal<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>fine<span class=\"_ _0\"></span>, <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>line<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>gene<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>se<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span><span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> </span></span></span>tra<span class=\"_ _0\"></span>sfe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>sos<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lmen<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>tutti<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>risc<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>e <span class=\"_ _18\"> </span>i <span class=\"_ _15\"> </span>bene<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>i <span class=\"_ _15\"> </span>co<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>i <span class=\"_ _15\"> </span>alla<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>propr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _15\"> </span>de<span class=\"_ _0\"></span>ll'<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>In<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>tal <span class=\"_ _5\"></span>caso<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>clas<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>qu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>fina<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>zia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>o, <span class=\"_ _5\"></span>altr<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>qua<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>o. </span></span>Ne<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'am<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>val<span class=\"_ _3\"></span>utazi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a s<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a t<span class=\"_ _0\"></span>ra <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>i,<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>e l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> </span></span>co<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span> la<span class=\"_ _0\"></span> mag<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r pa<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> vit<span class=\"_ _0\"></span>a e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>'at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te e<span class=\"_ _0\"></span>/o<span class=\"_ _0\"></span> la<span class=\"_ _0\"></span> pre<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a o<span class=\"_ _0\"></span> men<span class=\"_ _0\"></span>o d<span class=\"_ _0\"></span>i op<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nev<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> es<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>i.<span class=\"_ _0\"></span>  Pe<span class=\"_ _0\"></span>r <span class=\"_ _17\"> </span>i <span class=\"_ _19\"> </span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>cont<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti <span class=\"_ _17\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _17\"> </span>leas<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>e <span class=\"_ _19\"> </span>una<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>o <span class=\"_ _17\"> </span>pi\u00f9<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span><span class=\"ff7\">lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _17\"> </span>e <span class=\"_ _19\"> </span>non </span></span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\">, l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>isc<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>rri<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>l'I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>15. </span>Co<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g In <span class=\"_ _23\"> </span>cas<span class=\"_ _0\"></span>o <span class=\"_ _23\"> </span>di <span class=\"_ _23\"> </span>leasi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _8\"> </span>finan<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _8\"> </span>la <span class=\"_ _23\"> </span>soci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _23\"> </span>rilev<span class=\"_ _0\"></span>a <span class=\"_ _23\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>pro<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>to <span class=\"_ _23\"> </span>dell<span class=\"_ _0\"></span>a <span class=\"_ _23\"> </span>situ<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne </span>pa<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span><span class=\"ff6\">fina<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>l\u2019att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>qual<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>cred<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>to <span class=\"_ _5\"></span>ad <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>val<span class=\"_ _0\"></span>ore<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ugua<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>all\u2019i<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>nett<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>nel<span class=\"_ _0\"></span> </span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff6\">. <span class=\"_ _a\"></span>Pe<span class=\"_ _0\"></span>r <span class=\"_ _a\"></span>va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>l\u2019<span class=\"_ _0\"></span>inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>net<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ric<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>re <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _a\"></span>ta<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span> </span></span></span>imp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span><span class=\"ff7\">leasi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff6\">, <span class=\"_ _2b\"></span>defi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ito<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _2b\"></span>modo<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>tale<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>da <span class=\"_ _2b\"></span>rico<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e <span class=\"_ _2b\"></span>i <span class=\"_ _2b\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>dire<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>ini<span class=\"_ _0\"></span>zia<span class=\"_ _0\"></span>li.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>\u2019i<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to </span></span>ne<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> ne<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff6\">, l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> ap<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>rev<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l\u2019I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>9 in<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>one </span></span>co<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span>nam<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r r<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>uz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ore. I p<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span> ve<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> lu<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>o l<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ata <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l <span class=\"ff7\">l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> sul<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i u<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span> </span></span>si<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> In c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>o l<span class=\"_ _0\"></span>a s<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0 r<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>a i<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> ric<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>i co<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>pro<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span> </span></span>cri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>o a<span class=\"_ _0\"></span> q<span class=\"_ _0\"></span>uo<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>o l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l <span class=\"ff7\">l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff6\">, n<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a v<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>\u201c<span class=\"ff2\">Ri<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span><span class=\"ff6 lsc\">\u201d.<span class=\"ff2 ls0\"> </span></span></span></span></span>Su<span class=\"_ _0\"></span>b-l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>asi<span class=\"_ _0\"></span>ng Pe<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>qua<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rigu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i <span class=\"_ _0\"></span><span class=\"ff7\">sub-<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0, <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>qual<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>loca<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>dio<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca </span></span>la<span class=\"_ _0\"></span> sua quo<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ne<span class=\"_ _0\"></span>l <span class=\"ff7\">leas<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"ff2\"> pri<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e sep<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>da<span class=\"_ _0\"></span>l <span class=\"ff7\">sub-<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\">. A tal fin<span class=\"_ _3\"></span>e, <span class=\"_ _1\"></span>cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a il<span class=\"_ _0\"></span> <span class=\"_ _1\"></span><span class=\"ff7\">sub<span class=\"_ _0\"></span>-</span></span></span></span></span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _2b\"></span>con <span class=\"_ _2b\"></span>rif<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>all'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _2b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>to <span class=\"_ _2b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>izz<span class=\"_ _0\"></span>o <span class=\"_ _2b\"></span>deri<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te <span class=\"_ _2b\"></span>dal<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ff7\">le<span class=\"_ _0\"></span>asi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _2b\"></span>prin<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>pal<span class=\"_ _0\"></span>e,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pi<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span> </span></span></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>fa<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>ri<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>al<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>'at<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>ott<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. <span class=\"_ _a\"></span>S<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>pri<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ipa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _a\"></span><span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>breve<span class=\"_ _3\"></span> </span></span></span></span>ter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>che <span class=\"_ _17\"> </span>la <span class=\"_ _19\"> </span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>ha <span class=\"_ _19\"> </span>con<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zza<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>o <span class=\"_ _17\"> </span>l\u2019e<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>z<span class=\"ff2\">io<span class=\"_ _0\"></span>ne <span class=\"_ _19\"> </span>pre<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>dal<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>pri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>di </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__30": {
   "value": "Leasing<span class=\"fc5\">  </span>Lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>io Ind<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sing<span class=\"_ _0\"></span> Al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>data<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>de<span class=\"_ _0\"></span>l <span class=\"_ _5\"></span>cont<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>(<span class=\"ff7\">ince<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>da<span class=\"_ _0\"></span>te<span class=\"ff2\">, <span class=\"_ _5\"></span>an<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ore<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>tra<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>quel<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>sti<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>e </span></span>qu<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>parti<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>imp<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>ris<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>tta<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>term<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ttu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i)<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>suc<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e, <span class=\"_ _4\"></span>ad og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>cont<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>socie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>se <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>e o <span class=\"_ _5\"></span>rapp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">leas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\">. <span class=\"_ _5\"></span>In <span class=\"_ _5\"></span>parti<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>cont<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ra<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>se<span class=\"_ _3\"></span> </span></span></span></span>tra<span class=\"_ _0\"></span>sfe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>e <span class=\"_ _17\"> </span>il <span class=\"_ _17\"> </span>dir<span class=\"_ _0\"></span>itt<span class=\"_ _0\"></span>o <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>contr<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>l\u2019u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>liz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>un<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>bene<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>iden<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>, <span class=\"_ _17\"> </span>per <span class=\"_ _17\"> </span>un <span class=\"_ _17\"> </span>per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>temp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> sta<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>to,<span class=\"_ _0\"></span> in ca<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> di un<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _0\"></span>rri<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> Per va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span> un contr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> o rapp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span> un le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span>: \u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span></span>va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>se<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>risp<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>to <span class=\"_ _5\"></span>al<span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ide<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>deti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>diri<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>otte<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sosta<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> tut<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> il<span class=\"_ _0\"></span> su<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>o l<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>go<span class=\"_ _0\"></span> tu<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>l p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i ut<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>zzo<span class=\"_ _0\"></span>; \u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span></span>ve<span class=\"_ _0\"></span>rif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a se <span class=\"_ _1\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>si rife<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>al<span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zzo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di una<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a, espl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cita<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>o imp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>, <span class=\"_ _14\"> </span>fisi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>dist<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>o <span class=\"_ _14\"> </span>rap<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>sos<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>tutt<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>la <span class=\"_ _14\"> </span>cap<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span>'at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fis<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>a. <span class=\"_ _3\"></span>Se<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>forn<span class=\"_ _0\"></span>ito<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>dir<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>sos<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>sos<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>tuzi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>l'att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>non<span class=\"_ _0\"></span> \u00e8 i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span>; \u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span>ve<span class=\"_ _0\"></span>rif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ha<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>to <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>diri<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>l'uti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>'a<span class=\"_ _0\"></span>ttiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0. <span class=\"_ _a\"></span>L<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _a\"></span>ri<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>god<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>d<span class=\"_ _0\"></span>i </span>qu<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>diri<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deci<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>no <span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pi\u00f9<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rile<span class=\"_ _0\"></span>van<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>camb<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>are la<span class=\"ls0\"> mo<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> e <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> fi<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>di u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zzo<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> st<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>. </span>Pe<span class=\"_ _0\"></span>r <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>contr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ti <span class=\"_ _4\"></span>con<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>pi<span class=\"_ _0\"></span>\u00f9 <span class=\"_ _4\"></span>com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>na<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span><span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span></span>leas<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\">, <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>qui<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>rien<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i </span></span>so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>al<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>pri<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>conta<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>, <span class=\"_ _14\"> </span>oc<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>re <span class=\"_ _16\"> </span>le <span class=\"_ _14\"> </span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>compo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti <span class=\"_ _16\"> </span>alle <span class=\"_ _16\"> </span>qual<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>appl<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>i ris<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tabi<span class=\"_ _3\"></span>li. La<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dura<span class=\"_ _0\"></span>ta <span class=\"_ _16\"> </span>de<span class=\"_ _0\"></span>l <span class=\"_ _16\"> </span>lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _16\"> </span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>qua<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>loc<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>mette<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>ben<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>rio </span>(<span class=\"ff7\">co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span><span class=\"ff2\">) <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>ann<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>contr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o, </span></span>ci<span class=\"_ _0\"></span>o\u00e8<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>peri<span class=\"_ _0\"></span>odo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>part<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>hann<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>diri<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>degli<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ob<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>lega<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ese<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi (<span class=\"ff7\">en<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"ff2\">) e<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span> <span class=\"ff7\">re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t-fr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span><span class=\"ff2\">. A<span class=\"_ _0\"></span> t<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>a s<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>: </span></span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span>\u2019op<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(\u201co<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>rog<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>\u201d <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span><span class=\"ff7\">rene<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> </span>op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"ff2\">)<span class=\"_ _0\"></span>, q<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> \u00e8<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> ce<span class=\"_ _0\"></span>rta<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i e<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> ta<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span>pz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne;<span class=\"_ _0\"></span>  </span>\u2022<span class=\"ff2\"> <span class=\"_ _2e\"> </span></span>i <span class=\"_ _14\"> </span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>su<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>all<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>da<span class=\"_ _0\"></span>ta <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>ris<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>uz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne <span class=\"_ _16\"> </span>(\u201copz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>risol<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>\u201d <span class=\"_ _14\"> </span>o <span class=\"_ _b\"> </span><span class=\"ff7\">te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </span>op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"ff2\">)<span class=\"_ _0\"></span>, q<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> \u00e8<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> no<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> ta<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>pz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>. </span>Le<span class=\"_ _0\"></span> op<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _3\"></span> di r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>o d<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>oca<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>e n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>o c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>.  La<span class=\"_ _0\"></span> ragi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>le ce<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>a di<span class=\"_ _0\"></span> ese<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> o men<span class=\"_ _0\"></span>o un<span class=\"_ _0\"></span>\u2019o<span class=\"_ _0\"></span>pz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> di pr<span class=\"_ _0\"></span>oro<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span> o ris<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>uzi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ta da<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o <span class=\"_ _14\"> </span>\u00e8 <span class=\"_ _14\"> </span>ve<span class=\"_ _0\"></span>rif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>da<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>soc<span class=\"_ _0\"></span>iet<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _14\"> </span>all<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>data<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>deco<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>, <span class=\"_ _14\"> </span>con<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>tutti<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>i <span class=\"_ _14\"> </span>fat<span class=\"_ _0\"></span>ti <span class=\"_ _16\"> </span>e <span class=\"_ _14\"> </span>le ci<span class=\"_ _0\"></span>rco<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ze<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>che <span class=\"_ _17\"> </span>gene<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>no <span class=\"_ _17\"> </span>un <span class=\"_ _19\"> </span>inc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"ff6\">v<span class=\"_ _0\"></span>o <span class=\"_ _19\"> </span>eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>co <span class=\"_ _17\"> </span>all<span class=\"_ _0\"></span>\u2019es<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>meno<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>del<span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>, <span class=\"_ _19\"> </span>ed <span class=\"_ _17\"> </span>\u00e8 </span>su<span class=\"_ _0\"></span>cce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _17\"> </span>rive<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>fica<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>ogn<span class=\"_ _0\"></span>i <span class=\"_ _17\"> </span>qual<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>si<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>pres<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>eve<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>sig<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>camb<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nti<span class=\"_ _3\"></span> ne<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>circ<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ze<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>che <span class=\"_ _2b\"></span>pot<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>bb<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>inci<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>su<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _2b\"></span>sua<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _2b\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>sono <span class=\"_ _2b\"></span>sot<span class=\"_ _0\"></span>to <span class=\"_ _2b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>contr<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>lo de<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t<span class=\"lsd\">\u00e0.</span> Co<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"ff7\">l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> </span></span>Al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>dec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff6\">, <span class=\"_ _3\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>socie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rileva<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l\u2019a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>diri<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>util<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(<span class=\"ff7\">R<span class=\"_ _0\"></span>igh<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>Use<span class=\"_ _0\"></span> </span></span></span>o R<span class=\"_ _0\"></span>oU<span class=\"_ _0\"></span><span class=\"ff2\">) <span class=\"_ _0\"></span>e l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> (<span class=\"ff7\">l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span> li<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty<span class=\"_ _0\"></span><span class=\"ff2 lsc\">).<span class=\"ls0\"> </span></span></span></span></span></span>L\u2019<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _a\"></span>consi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>dir<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>to <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>util<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo <span class=\"_ _a\"></span>vien<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>inizi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>valu<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>costo<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>compr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'im<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>val<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>pa<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>retti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>pa<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dov<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span> </span></span>pe<span class=\"_ _0\"></span>r il<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> e<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>ttu<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>i al<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span> o<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>di d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>orr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>to d<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span> </span></span>in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>sost<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>cost<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>che <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oca<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>vr<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>sost<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er <span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tel<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o e l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>moz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>l r<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> si<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> cu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> \u00e8 ub<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> ne<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span> al<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> ri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>evu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>.  </span></span>La<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"ff7\">l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"ff2\"> <span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> al<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>vu<span class=\"_ _0\"></span>ti p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> il<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </span></span>ve<span class=\"_ _0\"></span>rsa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>deco<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nza<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Ai <span class=\"_ _3\"></span>fini<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ll\u2019<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zaz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>poss<span class=\"_ _0\"></span>ibi<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ev<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>da<span class=\"_ _0\"></span>l con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>, il tass<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di<span class=\"_ _0\"></span> inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> impl<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>to del<span class=\"_ _0\"></span> <span class=\"_ _1\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff2\"> o, in alte<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>a,<span class=\"_ _0\"></span> il tass<span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> </span></span>fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>marg<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>(<span class=\"ff7\">in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>bor<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>rate <span class=\"_ _1\"></span>- <span class=\"_ _1\"></span>IBR<span class=\"_ _0\"></span><span class=\"ff2\">).<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>pag<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i dov<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _1\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _1\"></span><span class=\"ff7\">leasi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"ff2\"> </span></span></span></span>in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>nel<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>val<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>de<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>pa<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _4\"></span>comp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>pag<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i <span class=\"_ _4\"></span>fissi<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>paga<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>vari<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili ch<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>da<span class=\"_ _0\"></span> u<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>indic<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>tas<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>pagar<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> g<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>zia su<span class=\"_ _0\"></span>l <span class=\"_ _14\"> </span>va<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>resi<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>pr<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>un\u2019o<span class=\"_ _0\"></span>pz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>acqui<span class=\"_ _3\"></span>sto <span class=\"_ _14\"> </span>(ch<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>la<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>ha <span class=\"_ _14\"> </span>la<span class=\"_ _0\"></span> rag<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span> cert<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span> di ese<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>re)<span class=\"_ _0\"></span>, i pa<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> dovu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> in un<span class=\"_ _0\"></span> perio<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>o di rinn<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>o fac<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>o (s<span class=\"_ _0\"></span>e la<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>soci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _14\"> </span>ha <span class=\"_ _b\"> </span><span class=\"ff6\">l<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>ragi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>evo<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>certe<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>ese<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>re <span class=\"_ _14\"> </span>l\u2019<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>di <span class=\"_ _b\"> </span>ri<span class=\"_ _0\"></span>nno<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>) <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>penal<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _14\"> </span>di </span>ris<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>anti<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(a <span class=\"_ _3\"></span>meno<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>abb<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>ra<span class=\"_ _0\"></span>gio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cert<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>ris<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>re an<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>tam<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"ff2 lsc\">).<span class=\"_ _0\"></span><span class=\"ls0\"> </span></span></span>Su<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>, <span class=\"_ _17\"> </span>l\u2019at<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>per <span class=\"_ _17\"> </span>il <span class=\"_ _17\"> </span>dir<span class=\"_ _0\"></span>itt<span class=\"_ _0\"></span>o <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>util<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>z<span class=\"ff2\">o <span class=\"_ _17\"> </span>vien<span class=\"_ _0\"></span>e <span class=\"_ _17\"></span>ammo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a <span class=\"_ _17\"> </span>a <span class=\"_ _19\"> </span>qu<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e <span class=\"_ _17\"> </span>cost<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>per<span class=\"_ _0\"></span> </span>l\u2019i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>a <span class=\"_ _1\"></span>du<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>a del contr<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>o, a <span class=\"_ _1\"></span>meno<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>stes<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>non<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pre<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il t<span class=\"_ _1\"></span>ras<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> pro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>te<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>ov<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ro <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>costo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span><span class=\"ff7\">le<span class=\"_ _0\"></span>asi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>ri<span class=\"_ _0\"></span>flet<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>fatto<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>il </span></span></span></span>lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>ese<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span><span class=\"ff6\">r\u00e0<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>l\u2019op<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>acq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>to.<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>In <span class=\"_ _14\"> </span>tal<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>ul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>fatti<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>l\u2019<span class=\"_ _0\"></span>amm<span class=\"_ _0\"></span>ort<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to <span class=\"_ _14\"> </span>do<span class=\"_ _0\"></span>vr<span class=\"_ _0\"></span>\u00e0 </span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>re il <span class=\"_ _1\"></span>pi<span class=\"_ _0\"></span>\u00f9 brev<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>tra<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la vita<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>uti<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>ne e <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>dura<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Le vite<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>uti<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>sti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span>le att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>l d<span class=\"_ _0\"></span>iri<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> ut<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>zzo<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>lc<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ndo i<span class=\"_ _0\"></span>l m<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>imo<span class=\"_ _0\"></span> cr<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>o app<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> all<span class=\"_ _0\"></span>e vo<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> imm<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>zza<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>rifer<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to.<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>Inol<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>, <span class=\"_ _17\"></span>l'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>pe<span class=\"_ _0\"></span>r <span class=\"_ _17\"> </span>il <span class=\"_ _17\"></span>dir<span class=\"_ _0\"></span>itt<span class=\"_ _0\"></span>o <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>uti<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>o <span class=\"_ _17\"></span>vien<span class=\"_ _0\"></span>e <span class=\"_ _17\"></span>dim<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>e ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span> <span class=\"_\"> </span>per<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_\"> </span>per <span class=\"_\"> </span>rid<span class=\"_ _0\"></span>uz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_\"> </span>di <span class=\"_\"> </span>val<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>re <span class=\"_\"> </span>(<span class=\"ff7\">imp<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>rmen<span class=\"_ _0\"></span>t<span class=\"ff2\">)<span class=\"_ _0\"></span> <span class=\"_\"> </span>e <span class=\"_\"> </span>retti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_\"> </span>al <span class=\"_\"> </span>fin<span class=\"_ _0\"></span>e <span class=\"_\"> </span>di<span class=\"_ _0\"></span> <span class=\"_\"> </span>rifl<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>e <span class=\"_\"> </span>le<span class=\"_ _0\"></span> </span></span>rim<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vit\u00e0<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\">. </span></span>La<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _1\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _4\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>suc<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>alla<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>taz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>deco<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>\u00e8 </span></span>va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>cos<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>ammor<span class=\"_ _0\"></span>tiz<span class=\"_ _0\"></span>za<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>uti<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zan<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>cri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>dell<span class=\"_ _0\"></span>\u2019in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>effet<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _4\"></span>rimi<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span> ca<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>mod<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>futur<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>pa<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>dov<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span><span class=\"ff7\">leas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _3\"></span>der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>vari<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'in<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ce </span></span>o <span class=\"_ _a\"></span>tas<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>caso<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>mod<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'i<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>rto<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>prev<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>dov<span class=\"_ _0\"></span>er <span class=\"_ _a\"></span>p<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>tito<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span> ga<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sul<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>valo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>res<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>qua<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>soci<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _4\"></span>modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>sua<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>valu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>rife<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> al<span class=\"_ _0\"></span>l'<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>o o <span class=\"_ _1\"></span>meno<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di un'opz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>ac<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>to,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pro<span class=\"_ _0\"></span>rog<span class=\"_ _0\"></span>a o <span class=\"_ _1\"></span>riso<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>uzi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e. Quan<span class=\"_ _0\"></span>do la <span class=\"_ _1\"></span>pa<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 del le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> vien<span class=\"_ _0\"></span>e rim<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>, il loca<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span> proc<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>e ad una cor<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span> modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca del<span class=\"_ _0\"></span>l'<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> per il<span class=\"_ _0\"></span> </span>di<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>tili<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>o. <span class=\"_ _5\"></span>Se <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>val<span class=\"_ _3\"></span>ore <span class=\"_ _5\"></span>cont<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>dirit<span class=\"_ _0\"></span>to <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>rido<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ze<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>l<span class=\"_ _0\"></span>a mod<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> nel<span class=\"_ _3\"></span>l'uti<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>/(p<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ta)<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l\u2019e<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>o.<span class=\"ff2\"> </span>Ne<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>situ<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e-fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ziar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>, l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e l<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tto<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> util<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>tra<span class=\"_ _0\"></span> le immo<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zza<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span>, nel<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a stes<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>vo<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> nel<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> qual<span class=\"_ _0\"></span>e sar<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>ro <span class=\"_ _1\"></span>esp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span> tali<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0,<span class=\"_ _0\"></span> se<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>pro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0;<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e l<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>pas<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>pas<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fina<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>A <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span> gl<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>pas<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>sull<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>pas<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _14\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>leasi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _b\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sco<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _14\"> </span>una<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e <span class=\"_ _14\"> </span>deg<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ri <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sti<span class=\"_ _3\"></span> se<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> q<span class=\"_ _0\"></span>uo<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>ammo<span class=\"_ _0\"></span>rta<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tto<span class=\"_ _3\"></span> di<span class=\"_ _0\"></span> ut<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>zo<span class=\"_ _0\"></span>. Lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>e Ind<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sing<span class=\"_ _0\"></span> Al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>da<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>iniz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>e, <span class=\"_ _16\"> </span>suc<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te,<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>ad <span class=\"_ _16\"> </span>ogn<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>mod<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>dei<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>termi<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>dell<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i <span class=\"_\"> </span>c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ttu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i,<span class=\"_ _0\"></span> <span class=\"_\"> </span>la <span class=\"_\"> </span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> <span class=\"_\"> </span>cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca <span class=\"_\"> </span>og<span class=\"_ _0\"></span>nun<span class=\"_ _0\"></span>o <span class=\"_\"> </span>d<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span> <span class=\"_\"> </span>sui<span class=\"_ _0\"></span> <span class=\"_\"> </span><span class=\"ff7\">leasi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_\"> </span><span class=\"ff6\">\u201cat<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>\u201d <span class=\"_\"> </span>co<span class=\"_ _0\"></span>me <span class=\"_\"> </span><span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> </span></span></span></span></span>fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>o <span class=\"_ _19\"> </span>lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _16\"> </span>op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>A <span class=\"_ _19\"> </span>tal<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>fine<span class=\"_ _0\"></span>, <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>line<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>gene<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>se<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span><span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> </span></span></span>tra<span class=\"_ _0\"></span>sfe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>sos<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lmen<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>tutti<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>risc<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>e <span class=\"_ _18\"> </span>i <span class=\"_ _15\"> </span>bene<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>i <span class=\"_ _15\"> </span>co<span class=\"_ _0\"></span>nne<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>i <span class=\"_ _15\"> </span>alla<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>propr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _15\"> </span>de<span class=\"_ _0\"></span>ll'<span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>In<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>tal <span class=\"_ _5\"></span>caso<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>clas<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>qu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>fina<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>zia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>o, <span class=\"_ _5\"></span>altr<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>qua<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>o. </span></span>Ne<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>'am<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>val<span class=\"_ _3\"></span>utazi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a s<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a t<span class=\"_ _0\"></span>ra <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>i,<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>e l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> </span></span>co<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span> la<span class=\"_ _0\"></span> mag<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r pa<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> vit<span class=\"_ _0\"></span>a e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>'at<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 so<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te e<span class=\"_ _0\"></span>/o<span class=\"_ _0\"></span> la<span class=\"_ _0\"></span> pre<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>a o<span class=\"_ _0\"></span> men<span class=\"_ _0\"></span>o d<span class=\"_ _0\"></span>i op<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span> ra<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nev<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> es<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>i.<span class=\"_ _0\"></span>  Pe<span class=\"_ _0\"></span>r <span class=\"_ _17\"> </span>i <span class=\"_ _19\"> </span>con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>cont<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti <span class=\"_ _17\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _17\"> </span>leas<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>e <span class=\"_ _19\"> </span>una<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>o <span class=\"_ _17\"> </span>pi\u00f9<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span><span class=\"ff7\">lea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _17\"> </span>e <span class=\"_ _19\"> </span>non </span></span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\">, l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>isc<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>rri<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>l'I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>15. </span>Co<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>zz<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g In <span class=\"_ _23\"> </span>cas<span class=\"_ _0\"></span>o <span class=\"_ _23\"> </span>di <span class=\"_ _23\"> </span>leasi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _8\"> </span>finan<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _8\"> </span>la <span class=\"_ _23\"> </span>soci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _23\"> </span>rilev<span class=\"_ _0\"></span>a <span class=\"_ _23\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>pro<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>to <span class=\"_ _23\"> </span>dell<span class=\"_ _0\"></span>a <span class=\"_ _23\"> </span>situ<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne </span>pa<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span><span class=\"ff6\">fina<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>l\u2019att<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>qual<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>cred<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>to <span class=\"_ _5\"></span>ad <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>val<span class=\"_ _0\"></span>ore<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ugua<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>all\u2019i<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>nett<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>nel<span class=\"_ _0\"></span> </span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff6\">. <span class=\"_ _a\"></span>Pe<span class=\"_ _0\"></span>r <span class=\"_ _a\"></span>va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>l\u2019<span class=\"_ _0\"></span>inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>net<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ric<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>re <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _a\"></span>ta<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span> </span></span></span>imp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span><span class=\"ff7\">leasi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff6\">, <span class=\"_ _2b\"></span>defi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ito<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _2b\"></span>modo<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>tale<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>da <span class=\"_ _2b\"></span>rico<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e <span class=\"_ _2b\"></span>i <span class=\"_ _2b\"></span>costi<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>dire<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>ini<span class=\"_ _0\"></span>zia<span class=\"_ _0\"></span>li.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>\u2019i<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to </span></span>ne<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> ne<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff6\">, l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> ap<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>i p<span class=\"_ _0\"></span>rev<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l\u2019I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S <span class=\"_ _0\"></span>9 in<span class=\"_ _0\"></span> te<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>one </span></span>co<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span>nam<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>r r<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>uz<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ore. I p<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span> ve<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> lu<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>o l<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ata <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l <span class=\"ff7\">l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> sul<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i u<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span> </span></span>si<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>o.<span class=\"_ _0\"></span> In c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> <span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>o l<span class=\"_ _0\"></span>a s<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0 r<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>a i<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> ric<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>i co<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>pro<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span> un<span class=\"_ _0\"></span> </span></span>cri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>o a<span class=\"_ _0\"></span> q<span class=\"_ _0\"></span>uo<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i l<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>o l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l <span class=\"ff7\">l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g<span class=\"ff6\">, n<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a v<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>\u201c<span class=\"ff2\">Ri<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span><span class=\"ff6 lsc\">\u201d.<span class=\"ff2 ls0\"> </span></span></span></span></span>Su<span class=\"_ _0\"></span>b-l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>asi<span class=\"_ _0\"></span>ng Pe<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>qua<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rigu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i <span class=\"_ _0\"></span><span class=\"ff7\">sub-<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u00e0, <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>qual<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>loca<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>dio<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca </span></span>la<span class=\"_ _0\"></span> sua quo<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ne<span class=\"_ _0\"></span>l <span class=\"ff7\">leas<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"ff2\"> pri<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e sep<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>da<span class=\"_ _0\"></span>l <span class=\"ff7\">sub-<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\">. A tal fin<span class=\"_ _3\"></span>e, <span class=\"_ _1\"></span>cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a il<span class=\"_ _0\"></span> <span class=\"_ _1\"></span><span class=\"ff7\">sub<span class=\"_ _0\"></span>-</span></span></span></span></span>le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _2b\"></span>con <span class=\"_ _2b\"></span>rif<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> <span class=\"_ _2b\"></span>all'a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _2b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>to <span class=\"_ _2b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _0\"></span>izz<span class=\"_ _0\"></span>o <span class=\"_ _2b\"></span>deri<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te <span class=\"_ _2b\"></span>dal<span class=\"_ _0\"></span> <span class=\"_ _3\"></span><span class=\"ff7\">le<span class=\"_ _0\"></span>asi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _2b\"></span>prin<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>pal<span class=\"_ _0\"></span>e,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pi<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span> </span></span></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>fa<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>ri<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>al<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>'at<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>ott<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>. <span class=\"_ _a\"></span>S<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ff7\">lea<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _a\"></span>pri<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ipa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _a\"></span><span class=\"ff7\">le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"ff2\"> <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>breve<span class=\"_ _3\"></span> </span></span></span></span>ter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>che <span class=\"_ _17\"> </span>la <span class=\"_ _19\"> </span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>ha <span class=\"_ _19\"> </span>con<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>zza<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>o <span class=\"_ _17\"> </span>l\u2019e<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>z<span class=\"ff2\">io<span class=\"_ _0\"></span>ne <span class=\"_ _19\"> </span>pre<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>dal<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>pri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>di </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__32": {
   "value": "Investimenti i<span class=\"_ _0\"></span>mmobiliari Gli <span class=\"_ _3\"></span>immobili <span class=\"_ _3\"></span>posseduti <span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span><span class=\"ff6\">consegui<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>canoni <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>locazione <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>l\u2019appre<span class=\"_ _0\"></span>zzamento<span class=\"_ _0\"></span> </span>del <span class=\"_ _5\"></span>capitale <span class=\"_ _5\"></span>investito <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>entrambe <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>motivazioni <span class=\"_ _5\"></span>(diversi <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>quelli <span class=\"_ _4\"></span>destinati <span class=\"_ _5\"></span>all\u2019uso <span class=\"_ _5\"></span>nella produzione o nel<span class=\"_ _0\"></span>la fornitura di<span class=\"_ _0\"></span> beni o di <span class=\"_ _0\"></span>servizi o <span class=\"_ _0\"></span>nell\u2019ammini<span class=\"_ _0\"></span>strazione aziendal<span class=\"_ _0\"></span>e, iscritti nell<span class=\"_ _0\"></span>a voce <span class=\"_ _1e\"> </span>im<span class=\"_ _0\"></span>mobili, <span class=\"_ _18\"> </span>impianti <span class=\"_ _1e\"> </span>e <span class=\"_ _18\"> </span>macchinari, <span class=\"_ _18\"> </span>e <span class=\"_ _1e\"> </span>da <span class=\"_ _18\"> </span>quelli <span class=\"_ _18\"> </span>destinati <span class=\"_ _1e\"> </span>alla <span class=\"_ _18\"> </span>vendita <span class=\"_ _1e\"> </span>nel <span class=\"_ _1e\"> </span>normal<span class=\"_ _0\"></span>e svolgimento <span class=\"_ _19\"> </span>dell\u2019attivit\u00e0 <span class=\"_ _19\"> </span>imprenditorial<span class=\"_ _0\"></span>e<span class=\"ff2\">, <span class=\"_ _16\"> </span>che <span class=\"_ _16\"> </span>sono <span class=\"_ _19\"> </span>iscritti <span class=\"_ _19\"> </span>al <span class=\"_ _16\"> </span>costo <span class=\"_ _19\"> </span>tra <span class=\"_ _16\"> </span>le <span class=\"_ _19\"> </span>rimanenze) <span class=\"_ _16\"> </span>sono<span class=\"_ _0\"></span> </span>valutati <span class=\"_ _14\"> </span>al <span class=\"_ _16\"> </span>fair <span class=\"_ _14\"> </span>value <span class=\"_ _16\"> </span>e <span class=\"_ _14\"> </span>non <span class=\"_ _16\"> </span>assoggettati <span class=\"_ _14\"> </span>ad <span class=\"_ _16\"> </span>ammortamento; <span class=\"_ _16\"> </span>le <span class=\"_ _14\"> </span>variazio<span class=\"_ _0\"></span>ni <span class=\"_ _14\"> </span>di <span class=\"_ _16\"> </span>valore <span class=\"_ _14\"> </span>son<span class=\"_ _1\"></span><span class=\"lsd\">o </span>imputate a Con<span class=\"_ _0\"></span>to economico nell<span class=\"_ _0\"></span>a voce altri rica<span class=\"_ _0\"></span>vi e proventi. Il fair <span class=\"_ _0\"></span>value <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>dete<span class=\"_ _0\"></span>rminato <span class=\"_ _0\"></span>sulla <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>seguenti <span class=\"_ _0\"></span>metodol<span class=\"_ _0\"></span>ogie <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>funzione <span class=\"_ _0\"></span>della tipologia dell<span class=\"_ _0\"></span>\u2019investimento:<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff7 fc1\">market value approach<span class=\"ff6\">,<span class=\"_ _0\"></span> ossia sulla base del<span class=\"_ _0\"></span>l\u2019analisi di un campione di<span class=\"_ _0\"></span> tra<span class=\"ff2\">nsazioni di </span></span></span></span>vendita <span class=\"_ _4\"></span>recenti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>propriet\u00e0 <span class=\"_ _4\"></span>immobiliari <span class=\"_ _5\"></span>identiche<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>localizzate <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>prossimit\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>quelle oggetto <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>valutazione. <span class=\"_ _5\"></span>I<span class=\"_ _1\"></span>l <span class=\"_ _a\"></span>valore <span class=\"_ _a\"></span>cos\u00ec <span class=\"_ _a\"></span>determinato <span class=\"_ _a\"></span>viene <span class=\"_ _5\"></span>poi <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>ettificato <span class=\"_ _5\"></span>per <span class=\"_ _17\"></span>tener<span class=\"_ _0\"></span> conto delle <span class=\"_ _0\"></span>peculiarit\u00e0<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>l\u2019immobil<span class=\"_ _0\"></span>e o del<span class=\"_ _0\"></span> terreno <span class=\"ff2\">r<span class=\"_ _0\"></span>itenute non<span class=\"_ _0\"></span> significative<span class=\"_ _0\"></span> (li<span class=\"_ _0\"></span>vello 2);<span class=\"_ _0\"></span> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">proiezione <span class=\"_ _3\"></span>dei flussi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>inanziari <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ualizza<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>basati <span class=\"_ _3\"></span>su <span class=\"_ _0\"></span>stime <span class=\"_ _3\"></span>attendibili <span class=\"_ _3\"></span>di flussi <span class=\"_ _3\"></span>finanziari </span></span>futuri supportate da<span class=\"_ _0\"></span> canoni<span class=\"_ _0\"></span> di locazione e/o di<span class=\"_ _0\"></span> altri contratti esisten<span class=\"_ _0\"></span>ti. (livello 3).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__35": {
   "value": "Perdite di valo<span class=\"_ _0\"></span>re Periodicamente <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span><span class=\"ff6\">verificata <span class=\"_ _4\"></span>l\u2019esi<span class=\"_ _0\"></span>stenza <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>eventi <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>cambiamenti <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>situazi<span class=\"_ _0\"></span>on<span class=\"ff2\">i <span class=\"_ _4\"></span>che </span></span>indichino <span class=\"_ _b\"> </span>che <span class=\"_ _b\"> </span>il <span class=\"_ _b\"> </span>valore <span class=\"_ _b\"> </span>di <span class=\"_ _b\"> </span>carico <span class=\"_\"> </span>de<span class=\"_ _0\"></span>lle <span class=\"_ _b\"> </span>attivit\u00e0 <span class=\"_ _b\"> </span>i<span class=\"_ _0\"></span>mmateriali <span class=\"_ _b\"> </span>e <span class=\"_ _b\"> </span>material<span class=\"_ _0\"></span>i <span class=\"_\"> </span>n<span class=\"_ _0\"></span>on <span class=\"_\"> </span>po<span class=\"_ _0\"></span>ssa <span class=\"_ _b\"> </span>essere recuperato. <span class=\"_ _4\"></span>Se <span class=\"_ _5\"></span>esiste <span class=\"_ _5\"></span>un'indicazi<span class=\"_ _0\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>questo <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ipo <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>procede <span class=\"_ _4\"></span>alla <span class=\"_ _5\"></span>determinazion<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>loro valore <span class=\"_ _1\"></span>recuperabile <span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>nel <span class=\"_ _1\"></span>caso <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>valore <span class=\"_ _4\"></span>netto <span class=\"_ _1\"></span>contabile <span class=\"_ _1\"></span>ecceda <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>valore <span class=\"_ _1\"></span>recuperabile, le <span class=\"_\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_\"> </span>son<span class=\"_ _0\"></span>o <span class=\"_\"> </span>svaluta<span class=\"_ _0\"></span>te <span class=\"_ _b\"> </span>fino <span class=\"_\"> </span>a <span class=\"_ _14\"> </span>riflettere <span class=\"_\"> </span>il <span class=\"_ _b\"> </span>loro <span class=\"_ _b\"> </span>valore <span class=\"_ _b\"> </span>recuperabil<span class=\"_ _0\"></span>e. <span class=\"_\"> </span>R<span class=\"_ _0\"></span>elativamente <span class=\"_ _b\"> </span>agli avviamenti <span class=\"_ _3\"></span>ed all<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>altre a<span class=\"_ _0\"></span>ttivit\u00e0 <span class=\"_ _3\"></span>immateriali <span class=\"_ _3\"></span>a vi<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>definita <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>re<span class=\"_ _1\"></span>cuperabil<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>mato <span class=\"_ _0\"></span>con cadenza <span class=\"_ _14\"> </span>annuale <span class=\"_ _b\"> </span>o, <span class=\"_ _14\"> </span>comunque, <span class=\"_ _b\"> </span>ogni <span class=\"_ _14\"> </span>volta <span class=\"_ _14\"> </span>che <span class=\"_ _b\"> </span>mutate <span class=\"_ _14\"> </span>circostanze <span class=\"_ _b\"> </span>o <span class=\"_ _14\"> </span>eventi <span class=\"_ _14\"> </span>specifici <span class=\"_ _b\"> </span>lo richiedano. Il <span class=\"_ _6\"> </span>valore <span class=\"_ _6\"> </span>recuperabile <span class=\"_ _6\"> </span>delle <span class=\"_ _6\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>materiali <span class=\"_ _6\"> </span>ed <span class=\"_ _6\"> </span>immateriali <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _6\"> </span>rappresentato <span class=\"_ _6\"> </span>dal maggiore tra il valore corrente al netto dei costi di dismissione e il <span class=\"_ _1\"></span>loro valore d'uso,<span class=\"_ _0\"></span> laddove il <span class=\"_ _a\"></span>valore <span class=\"_ _a\"></span>d\u2019uso <span class=\"_ _a\"></span>\u00e9 <span class=\"_ _a\"></span>rapp<span class=\"_ _0\"></span>resentato <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>valore<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>attuale <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>lussi<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>finanziari <span class=\"_ _a\"></span>futu<span class=\"_ _0\"></span>ri <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>prevede abbiano <span class=\"_ _6\"> </span>origine <span class=\"_ _6\"> </span>dall\u2019attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _6\"> </span>o, <span class=\"_ _6\"> </span>per <span class=\"_ _6\"> </span>le <span class=\"_ _15\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _6\"> </span>che <span class=\"_ _6\"> </span>non <span class=\"_ _6\"> </span>generano <span class=\"_ _6\"> </span>autonomamen<span class=\"_ _0\"></span>te <span class=\"_ _6\"> </span>flussi finanziari <span class=\"_ _2\"> </span>ampiamente <span class=\"_ _2\"> </span>indip<span class=\"ff6\">endenti, <span class=\"_ _13\"> </span>dall\u2019insi<span class=\"_ _0\"></span>eme <span class=\"_ _13\"> </span>di <span class=\"_ _13\"> </span>attivit\u00e0 <span class=\"_ _13\"> </span>che <span class=\"_ _2\"> </span>compongono <span class=\"_ _2\"> </span>l\u2019unit\u00e0 </span>generatrice di fl<span class=\"_ _0\"></span>ussi finanziari cui<span class=\"_ _0\"></span> tale attivit\u00e0 appa<span class=\"_ _0\"></span>rtiene (\u201c<span class=\"ffd\">cash generating <span class=\"_ _0\"></span>unit\u201d<span class=\"ff2 lsc\">).<span class=\"ls0\"> </span></span></span>Nel <span class=\"_ _4\"></span>definire <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>d'uso, <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>flussi <span class=\"_ _4\"></span>finanziari <span class=\"_ _4\"></span>futuri<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>attesi <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>attualizzati <span class=\"_ _4\"></span>utilizzando un tasso di <span class=\"_ _1\"></span>sconto ante imposte<span class=\"_ _0\"></span> che riflette la stima corrente del mercato riferito al costo del denaro rapportato<span class=\"_ _0\"></span> al tempo e ai <span class=\"_ _0\"></span>rischi specifici del<span class=\"_ _0\"></span>l'attivit\u00e0.  Una <span class=\"_ _14\"> </span>riduzione <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>valore <span class=\"_ _14\"> </span>\u00e8 <span class=\"_ _b\"> </span>riconosciuta <span class=\"_ _14\"> </span>nel <span class=\"_ _14\"> </span>conto <span class=\"_ _14\"> </span>economico <span class=\"_ _14\"> </span>qualora <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>valore <span class=\"_ _14\"> </span>di iscrizione dell\u2019attivit\u00e0, o del<span class=\"ff2\">la <span class=\"_ _1\"></span>relativa <span class=\"ff7\">cash <span class=\"_ _1\"></span>genera<span class=\"_ _0\"></span>ting <span class=\"_ _1\"></span>unit<span class=\"ff2\"> a <span class=\"_ _1\"></span>cui essa \u00e8 <span class=\"_ _1\"></span>allocata, \u00e8 superiore </span></span></span>al <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>recuperabile; <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>perdite <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>valore <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>cash<span class=\"ff7\"> <span class=\"_ _4\"></span>generating <span class=\"_ _4\"></span>unit</span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>imputate <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>primo luogo <span class=\"_\"> </span>a <span class=\"_ _b\"> </span>riduzione <span class=\"_\"> </span>de<span class=\"_ _0\"></span>l <span class=\"_\"> </span>v<span class=\"_ _0\"></span>alore <span class=\"_\"> </span>con<span class=\"_ _0\"></span>tabile <span class=\"_\"> </span>dell<span class=\"_ _0\"></span>\u2019eventuale <span class=\"_\"> </span>avvi<span class=\"_ _0\"></span>amento <span class=\"_ _b\"> </span>attribui<span class=\"_ _0\"></span>to <span class=\"_\"> </span>e, <span class=\"_\"> </span>quindi<span class=\"_ _0\"></span>, <span class=\"_\"> </span>a<span class=\"_ _0\"></span> riduzione <span class=\"_ _17\"> </span>delle <span class=\"_ _19\"> </span>altre <span class=\"_ _17\"></span>attivit\u00e0, <span class=\"_ _17\"></span>in <span class=\"_ _17\"> </span>proporzione <span class=\"_ _19\"> </span>al <span class=\"_ _17\"></span>relativo <span class=\"_ _17\"> </span>valore <span class=\"_ _17\"> </span>contabile. <span class=\"_ _17\"></span>Qualora <span class=\"_ _19\"> </span>vengano meno i presupp<span class=\"_ _0\"></span>osti per u<span class=\"_ _0\"></span>na svalutazi<span class=\"_ _0\"></span>one precede<span class=\"_ _0\"></span>ntemente effettuata<span class=\"_ _0\"></span> su immobil<span class=\"_ _0\"></span>i, impianti<span class=\"_ _0\"></span> e macchinari ed attivit\u00e0 immateriali diversi da <span class=\"_ _1\"></span>avviamento<span class=\"_ _0\"></span>, il <span class=\"_ _1\"></span>valore contabile dell\u2019attivit\u00e0 viene ripristinato <span class=\"_ _3\"></span>con <span class=\"_ _0\"></span>impu<span class=\"_ _0\"></span>tazione <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>conto <span class=\"_ _0\"></span>economi<span class=\"_ _0\"></span>co, <span class=\"_ _3\"></span>nei <span class=\"_ _3\"></span>limiti <span class=\"_ _0\"></span>del <span class=\"_ _3\"></span>valore <span class=\"_ _0\"></span>netto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>carico <span class=\"_ _0\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l\u2019attivo in <span class=\"_ _3\"></span>oggetto <span class=\"_ _3\"></span>avrebbe <span class=\"_ _3\"></span>avu<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>non <span class=\"_ _2b\"></span>f<span class=\"_ _1\"></span>osse <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>effe<span class=\"_ _0\"></span>ttuata <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>svalutazion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>fossero <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>effe<span class=\"_ _0\"></span>ttuati gli ammortamenti. Nel <span class=\"_ _14\"> </span>caso <span class=\"_ _b\"> </span>in <span class=\"_ _14\"> </span>cui <span class=\"_ _b\"> </span>la <span class=\"_ _14\"> </span>riduzione <span class=\"_ _b\"> </span>di <span class=\"_ _14\"> </span>valore <span class=\"_ _b\"> </span>derivante <span class=\"_ _14\"> </span>dal <span class=\"_ _14\"> </span>t<span class=\"_ _1\"></span>est <span class=\"_ _14\"> </span>sia <span class=\"_ _b\"> </span>superiore <span class=\"_ _14\"> </span>al <span class=\"_ _14\"> </span>valore dell\u2019attivit\u00e0 <span class=\"_ _14\"> </span>oggetto <span class=\"_ _14\"> </span>del <span class=\"_ _14\"> </span>test <span class=\"_ _b\"> </span>allocato<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>alla <span class=\"_ _14\"> </span>cash <span class=\"_ _b\"> </span>g<span class=\"_ _0\"></span>enerating <span class=\"_ _14\"> </span>unit<span class=\"ff2\"> <span class=\"_ _b\"> </span>cui <span class=\"_ _14\"> </span>la <span class=\"_ _14\"> </span>stessa <span class=\"_ _b\"> </span>appartiene,<span class=\"_ _3\"></span> </span>l\u2019ammontare residuo \u00e8 <span class=\"_ _1\"></span>allocato alle attivit\u00e0 incluse <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span><span class=\"ff7\">cash <span class=\"_ _1\"></span>generating unit<span class=\"ff2\"> <span class=\"_ _1\"></span>in proporzione<span class=\"_ _0\"></span> </span></span>del loro valore di<span class=\"_ _0\"></span> carico. Tale al<span class=\"_ _0\"></span>locazione ha come li<span class=\"_ _0\"></span>mite minimo l\u2019am<span class=\"_ _0\"></span>montare pi\u00f9 alto<span class=\"_ _0\"></span> tra:<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il relativo <span class=\"ff7\">fair value</span> <span class=\"ff6\">dell<span class=\"_ _0\"></span>\u2019attivit\u00e0 al net<span class=\"_ _0\"></span>to dei cos<span class=\"ff2\">ti di dismi<span class=\"_ _0\"></span>ssione; </span></span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il relativo valore<span class=\"_ _0\"></span> in uso, come sop<span class=\"_ _0\"></span>ra definito; </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">zero. </span></span>Le <span class=\"_ _1e\"> </span>perdite<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>di <span class=\"_ _18\"> </span>valore <span class=\"_ _18\"> </span>sono <span class=\"_ _1e\"> </span>contabilizzate<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>nel <span class=\"_ _1e\"> </span>conto <span class=\"_ _18\"> </span>economico <span class=\"_ _18\"> </span>fr<span class=\"_ _1\"></span>a <span class=\"_ _18\"> </span>i <span class=\"_ _1e\"> </span>costi<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>per ammortamen<span class=\"_ _0\"></span>ti e svalutazi<span class=\"_ _0\"></span>oni.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__34": {
   "value": "Perdite di valo<span class=\"_ _0\"></span>re Periodicamente <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span><span class=\"ff6\">verificata <span class=\"_ _4\"></span>l\u2019esi<span class=\"_ _0\"></span>stenza <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>eventi <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>cambiamenti <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>situazi<span class=\"_ _0\"></span>on<span class=\"ff2\">i <span class=\"_ _4\"></span>che </span></span>indichino <span class=\"_ _b\"> </span>che <span class=\"_ _b\"> </span>il <span class=\"_ _b\"> </span>valore <span class=\"_ _b\"> </span>di <span class=\"_ _b\"> </span>carico <span class=\"_\"> </span>de<span class=\"_ _0\"></span>lle <span class=\"_ _b\"> </span>attivit\u00e0 <span class=\"_ _b\"> </span>i<span class=\"_ _0\"></span>mmateriali <span class=\"_ _b\"> </span>e <span class=\"_ _b\"> </span>material<span class=\"_ _0\"></span>i <span class=\"_\"> </span>n<span class=\"_ _0\"></span>on <span class=\"_\"> </span>po<span class=\"_ _0\"></span>ssa <span class=\"_ _b\"> </span>essere recuperato. <span class=\"_ _4\"></span>Se <span class=\"_ _5\"></span>esiste <span class=\"_ _5\"></span>un'indicazi<span class=\"_ _0\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>questo <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ipo <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>procede <span class=\"_ _4\"></span>alla <span class=\"_ _5\"></span>determinazion<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>loro valore <span class=\"_ _1\"></span>recuperabile <span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>nel <span class=\"_ _1\"></span>caso <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>valore <span class=\"_ _4\"></span>netto <span class=\"_ _1\"></span>contabile <span class=\"_ _1\"></span>ecceda <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>valore <span class=\"_ _1\"></span>recuperabile, le <span class=\"_\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_\"> </span>son<span class=\"_ _0\"></span>o <span class=\"_\"> </span>svaluta<span class=\"_ _0\"></span>te <span class=\"_ _b\"> </span>fino <span class=\"_\"> </span>a <span class=\"_ _14\"> </span>riflettere <span class=\"_\"> </span>il <span class=\"_ _b\"> </span>loro <span class=\"_ _b\"> </span>valore <span class=\"_ _b\"> </span>recuperabil<span class=\"_ _0\"></span>e. <span class=\"_\"> </span>R<span class=\"_ _0\"></span>elativamente <span class=\"_ _b\"> </span>agli avviamenti <span class=\"_ _3\"></span>ed all<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>altre a<span class=\"_ _0\"></span>ttivit\u00e0 <span class=\"_ _3\"></span>immateriali <span class=\"_ _3\"></span>a vi<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>definita <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>re<span class=\"_ _1\"></span>cuperabil<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>mato <span class=\"_ _0\"></span>con cadenza <span class=\"_ _14\"> </span>annuale <span class=\"_ _b\"> </span>o, <span class=\"_ _14\"> </span>comunque, <span class=\"_ _b\"> </span>ogni <span class=\"_ _14\"> </span>volta <span class=\"_ _14\"> </span>che <span class=\"_ _b\"> </span>mutate <span class=\"_ _14\"> </span>circostanze <span class=\"_ _b\"> </span>o <span class=\"_ _14\"> </span>eventi <span class=\"_ _14\"> </span>specifici <span class=\"_ _b\"> </span>lo richiedano. Il <span class=\"_ _6\"> </span>valore <span class=\"_ _6\"> </span>recuperabile <span class=\"_ _6\"> </span>delle <span class=\"_ _6\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>materiali <span class=\"_ _6\"> </span>ed <span class=\"_ _6\"> </span>immateriali <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _6\"> </span>rappresentato <span class=\"_ _6\"> </span>dal maggiore tra il valore corrente al netto dei costi di dismissione e il <span class=\"_ _1\"></span>loro valore d'uso,<span class=\"_ _0\"></span> laddove il <span class=\"_ _a\"></span>valore <span class=\"_ _a\"></span>d\u2019uso <span class=\"_ _a\"></span>\u00e9 <span class=\"_ _a\"></span>rapp<span class=\"_ _0\"></span>resentato <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>valore<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>attuale <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>lussi<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>finanziari <span class=\"_ _a\"></span>futu<span class=\"_ _0\"></span>ri <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>prevede abbiano <span class=\"_ _6\"> </span>origine <span class=\"_ _6\"> </span>dall\u2019attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _6\"> </span>o, <span class=\"_ _6\"> </span>per <span class=\"_ _6\"> </span>le <span class=\"_ _15\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _6\"> </span>che <span class=\"_ _6\"> </span>non <span class=\"_ _6\"> </span>generano <span class=\"_ _6\"> </span>autonomamen<span class=\"_ _0\"></span>te <span class=\"_ _6\"> </span>flussi finanziari <span class=\"_ _2\"> </span>ampiamente <span class=\"_ _2\"> </span>indip<span class=\"ff6\">endenti, <span class=\"_ _13\"> </span>dall\u2019insi<span class=\"_ _0\"></span>eme <span class=\"_ _13\"> </span>di <span class=\"_ _13\"> </span>attivit\u00e0 <span class=\"_ _13\"> </span>che <span class=\"_ _2\"> </span>compongono <span class=\"_ _2\"> </span>l\u2019unit\u00e0 </span>generatrice di fl<span class=\"_ _0\"></span>ussi finanziari cui<span class=\"_ _0\"></span> tale attivit\u00e0 appa<span class=\"_ _0\"></span>rtiene (\u201c<span class=\"ffd\">cash generating <span class=\"_ _0\"></span>unit\u201d<span class=\"ff2 lsc\">).<span class=\"ls0\"> </span></span></span>Nel <span class=\"_ _4\"></span>definire <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>d'uso, <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>flussi <span class=\"_ _4\"></span>finanziari <span class=\"_ _4\"></span>futuri<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>attesi <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>attualizzati <span class=\"_ _4\"></span>utilizzando un tasso di <span class=\"_ _1\"></span>sconto ante imposte<span class=\"_ _0\"></span> che riflette la stima corrente del mercato riferito al costo del denaro rapportato<span class=\"_ _0\"></span> al tempo e ai <span class=\"_ _0\"></span>rischi specifici del<span class=\"_ _0\"></span>l'attivit\u00e0.  Una <span class=\"_ _14\"> </span>riduzione <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>valore <span class=\"_ _14\"> </span>\u00e8 <span class=\"_ _b\"> </span>riconosciuta <span class=\"_ _14\"> </span>nel <span class=\"_ _14\"> </span>conto <span class=\"_ _14\"> </span>economico <span class=\"_ _14\"> </span>qualora <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>valore <span class=\"_ _14\"> </span>di iscrizione dell\u2019attivit\u00e0, o del<span class=\"ff2\">la <span class=\"_ _1\"></span>relativa <span class=\"ff7\">cash <span class=\"_ _1\"></span>genera<span class=\"_ _0\"></span>ting <span class=\"_ _1\"></span>unit<span class=\"ff2\"> a <span class=\"_ _1\"></span>cui essa \u00e8 <span class=\"_ _1\"></span>allocata, \u00e8 superiore </span></span></span>al <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>recuperabile; <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>perdite <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>valore <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>cash<span class=\"ff7\"> <span class=\"_ _4\"></span>generating <span class=\"_ _4\"></span>unit</span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>imputate <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>primo luogo <span class=\"_\"> </span>a <span class=\"_ _b\"> </span>riduzione <span class=\"_\"> </span>de<span class=\"_ _0\"></span>l <span class=\"_\"> </span>v<span class=\"_ _0\"></span>alore <span class=\"_\"> </span>con<span class=\"_ _0\"></span>tabile <span class=\"_\"> </span>dell<span class=\"_ _0\"></span>\u2019eventuale <span class=\"_\"> </span>avvi<span class=\"_ _0\"></span>amento <span class=\"_ _b\"> </span>attribui<span class=\"_ _0\"></span>to <span class=\"_\"> </span>e, <span class=\"_\"> </span>quindi<span class=\"_ _0\"></span>, <span class=\"_\"> </span>a<span class=\"_ _0\"></span> riduzione <span class=\"_ _17\"> </span>delle <span class=\"_ _19\"> </span>altre <span class=\"_ _17\"></span>attivit\u00e0, <span class=\"_ _17\"></span>in <span class=\"_ _17\"> </span>proporzione <span class=\"_ _19\"> </span>al <span class=\"_ _17\"></span>relativo <span class=\"_ _17\"> </span>valore <span class=\"_ _17\"> </span>contabile. <span class=\"_ _17\"></span>Qualora <span class=\"_ _19\"> </span>vengano meno i presupp<span class=\"_ _0\"></span>osti per u<span class=\"_ _0\"></span>na svalutazi<span class=\"_ _0\"></span>one precede<span class=\"_ _0\"></span>ntemente effettuata<span class=\"_ _0\"></span> su immobil<span class=\"_ _0\"></span>i, impianti<span class=\"_ _0\"></span> e macchinari ed attivit\u00e0 immateriali diversi da <span class=\"_ _1\"></span>avviamento<span class=\"_ _0\"></span>, il <span class=\"_ _1\"></span>valore contabile dell\u2019attivit\u00e0 viene ripristinato <span class=\"_ _3\"></span>con <span class=\"_ _0\"></span>impu<span class=\"_ _0\"></span>tazione <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>conto <span class=\"_ _0\"></span>economi<span class=\"_ _0\"></span>co, <span class=\"_ _3\"></span>nei <span class=\"_ _3\"></span>limiti <span class=\"_ _0\"></span>del <span class=\"_ _3\"></span>valore <span class=\"_ _0\"></span>netto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>carico <span class=\"_ _0\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l\u2019attivo in <span class=\"_ _3\"></span>oggetto <span class=\"_ _3\"></span>avrebbe <span class=\"_ _3\"></span>avu<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>non <span class=\"_ _2b\"></span>f<span class=\"_ _1\"></span>osse <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>effe<span class=\"_ _0\"></span>ttuata <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>svalutazion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>fossero <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>effe<span class=\"_ _0\"></span>ttuati gli ammortamenti. Nel <span class=\"_ _14\"> </span>caso <span class=\"_ _b\"> </span>in <span class=\"_ _14\"> </span>cui <span class=\"_ _b\"> </span>la <span class=\"_ _14\"> </span>riduzione <span class=\"_ _b\"> </span>di <span class=\"_ _14\"> </span>valore <span class=\"_ _b\"> </span>derivante <span class=\"_ _14\"> </span>dal <span class=\"_ _14\"> </span>t<span class=\"_ _1\"></span>est <span class=\"_ _14\"> </span>sia <span class=\"_ _b\"> </span>superiore <span class=\"_ _14\"> </span>al <span class=\"_ _14\"> </span>valore dell\u2019attivit\u00e0 <span class=\"_ _14\"> </span>oggetto <span class=\"_ _14\"> </span>del <span class=\"_ _14\"> </span>test <span class=\"_ _b\"> </span>allocato<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>alla <span class=\"_ _14\"> </span>cash <span class=\"_ _b\"> </span>g<span class=\"_ _0\"></span>enerating <span class=\"_ _14\"> </span>unit<span class=\"ff2\"> <span class=\"_ _b\"> </span>cui <span class=\"_ _14\"> </span>la <span class=\"_ _14\"> </span>stessa <span class=\"_ _b\"> </span>appartiene,<span class=\"_ _3\"></span> </span>l\u2019ammontare residuo \u00e8 <span class=\"_ _1\"></span>allocato alle attivit\u00e0 incluse <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span><span class=\"ff7\">cash <span class=\"_ _1\"></span>generating unit<span class=\"ff2\"> <span class=\"_ _1\"></span>in proporzione<span class=\"_ _0\"></span> </span></span>del loro valore di<span class=\"_ _0\"></span> carico. Tale al<span class=\"_ _0\"></span>locazione ha come li<span class=\"_ _0\"></span>mite minimo l\u2019am<span class=\"_ _0\"></span>montare pi\u00f9 alto<span class=\"_ _0\"></span> tra:<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il relativo <span class=\"ff7\">fair value</span> <span class=\"ff6\">dell<span class=\"_ _0\"></span>\u2019attivit\u00e0 al net<span class=\"_ _0\"></span>to dei cos<span class=\"ff2\">ti di dismi<span class=\"_ _0\"></span>ssione; </span></span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il relativo valore<span class=\"_ _0\"></span> in uso, come sop<span class=\"_ _0\"></span>ra definito; </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">zero. </span></span>Le <span class=\"_ _1e\"> </span>perdite<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>di <span class=\"_ _18\"> </span>valore <span class=\"_ _18\"> </span>sono <span class=\"_ _1e\"> </span>contabilizzate<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>nel <span class=\"_ _1e\"> </span>conto <span class=\"_ _18\"> </span>economico <span class=\"_ _18\"> </span>fr<span class=\"_ _1\"></span>a <span class=\"_ _18\"> </span>i <span class=\"_ _1e\"> </span>costi<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>per ammortamen<span class=\"_ _0\"></span>ti e svalutazi<span class=\"_ _0\"></span>oni.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__33": {
   "value": "Perdite di valo<span class=\"_ _0\"></span>re Periodicamente <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span><span class=\"ff6\">verificata <span class=\"_ _4\"></span>l\u2019esi<span class=\"_ _0\"></span>stenza <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>eventi <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>cambiamenti <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>situazi<span class=\"_ _0\"></span>on<span class=\"ff2\">i <span class=\"_ _4\"></span>che </span></span>indichino <span class=\"_ _b\"> </span>che <span class=\"_ _b\"> </span>il <span class=\"_ _b\"> </span>valore <span class=\"_ _b\"> </span>di <span class=\"_ _b\"> </span>carico <span class=\"_\"> </span>de<span class=\"_ _0\"></span>lle <span class=\"_ _b\"> </span>attivit\u00e0 <span class=\"_ _b\"> </span>i<span class=\"_ _0\"></span>mmateriali <span class=\"_ _b\"> </span>e <span class=\"_ _b\"> </span>material<span class=\"_ _0\"></span>i <span class=\"_\"> </span>n<span class=\"_ _0\"></span>on <span class=\"_\"> </span>po<span class=\"_ _0\"></span>ssa <span class=\"_ _b\"> </span>essere recuperato. <span class=\"_ _4\"></span>Se <span class=\"_ _5\"></span>esiste <span class=\"_ _5\"></span>un'indicazi<span class=\"_ _0\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>questo <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ipo <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>procede <span class=\"_ _4\"></span>alla <span class=\"_ _5\"></span>determinazion<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>loro valore <span class=\"_ _1\"></span>recuperabile <span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>nel <span class=\"_ _1\"></span>caso <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>valore <span class=\"_ _4\"></span>netto <span class=\"_ _1\"></span>contabile <span class=\"_ _1\"></span>ecceda <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>valore <span class=\"_ _1\"></span>recuperabile, le <span class=\"_\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_\"> </span>son<span class=\"_ _0\"></span>o <span class=\"_\"> </span>svaluta<span class=\"_ _0\"></span>te <span class=\"_ _b\"> </span>fino <span class=\"_\"> </span>a <span class=\"_ _14\"> </span>riflettere <span class=\"_\"> </span>il <span class=\"_ _b\"> </span>loro <span class=\"_ _b\"> </span>valore <span class=\"_ _b\"> </span>recuperabil<span class=\"_ _0\"></span>e. <span class=\"_\"> </span>R<span class=\"_ _0\"></span>elativamente <span class=\"_ _b\"> </span>agli avviamenti <span class=\"_ _3\"></span>ed all<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>altre a<span class=\"_ _0\"></span>ttivit\u00e0 <span class=\"_ _3\"></span>immateriali <span class=\"_ _3\"></span>a vi<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>definita <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>re<span class=\"_ _1\"></span>cuperabil<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>mato <span class=\"_ _0\"></span>con cadenza <span class=\"_ _14\"> </span>annuale <span class=\"_ _b\"> </span>o, <span class=\"_ _14\"> </span>comunque, <span class=\"_ _b\"> </span>ogni <span class=\"_ _14\"> </span>volta <span class=\"_ _14\"> </span>che <span class=\"_ _b\"> </span>mutate <span class=\"_ _14\"> </span>circostanze <span class=\"_ _b\"> </span>o <span class=\"_ _14\"> </span>eventi <span class=\"_ _14\"> </span>specifici <span class=\"_ _b\"> </span>lo richiedano. Il <span class=\"_ _6\"> </span>valore <span class=\"_ _6\"> </span>recuperabile <span class=\"_ _6\"> </span>delle <span class=\"_ _6\"> </span>attivit\u00e0 <span class=\"_ _6\"> </span>materiali <span class=\"_ _6\"> </span>ed <span class=\"_ _6\"> </span>immateriali <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _6\"> </span>rappresentato <span class=\"_ _6\"> </span>dal maggiore tra il valore corrente al netto dei costi di dismissione e il <span class=\"_ _1\"></span>loro valore d'uso,<span class=\"_ _0\"></span> laddove il <span class=\"_ _a\"></span>valore <span class=\"_ _a\"></span>d\u2019uso <span class=\"_ _a\"></span>\u00e9 <span class=\"_ _a\"></span>rapp<span class=\"_ _0\"></span>resentato <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>valore<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>attuale <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>lussi<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>finanziari <span class=\"_ _a\"></span>futu<span class=\"_ _0\"></span>ri <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>prevede abbiano <span class=\"_ _6\"> </span>origine <span class=\"_ _6\"> </span>dall\u2019attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _6\"> </span>o, <span class=\"_ _6\"> </span>per <span class=\"_ _6\"> </span>le <span class=\"_ _15\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _6\"> </span>che <span class=\"_ _6\"> </span>non <span class=\"_ _6\"> </span>generano <span class=\"_ _6\"> </span>autonomamen<span class=\"_ _0\"></span>te <span class=\"_ _6\"> </span>flussi finanziari <span class=\"_ _2\"> </span>ampiamente <span class=\"_ _2\"> </span>indip<span class=\"ff6\">endenti, <span class=\"_ _13\"> </span>dall\u2019insi<span class=\"_ _0\"></span>eme <span class=\"_ _13\"> </span>di <span class=\"_ _13\"> </span>attivit\u00e0 <span class=\"_ _13\"> </span>che <span class=\"_ _2\"> </span>compongono <span class=\"_ _2\"> </span>l\u2019unit\u00e0 </span>generatrice di fl<span class=\"_ _0\"></span>ussi finanziari cui<span class=\"_ _0\"></span> tale attivit\u00e0 appa<span class=\"_ _0\"></span>rtiene (\u201c<span class=\"ffd\">cash generating <span class=\"_ _0\"></span>unit\u201d<span class=\"ff2 lsc\">).<span class=\"ls0\"> </span></span></span>Nel <span class=\"_ _4\"></span>definire <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>d'uso, <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>flussi <span class=\"_ _4\"></span>finanziari <span class=\"_ _4\"></span>futuri<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>attesi <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>attualizzati <span class=\"_ _4\"></span>utilizzando un tasso di <span class=\"_ _1\"></span>sconto ante imposte<span class=\"_ _0\"></span> che riflette la stima corrente del mercato riferito al costo del denaro rapportato<span class=\"_ _0\"></span> al tempo e ai <span class=\"_ _0\"></span>rischi specifici del<span class=\"_ _0\"></span>l'attivit\u00e0.  Una <span class=\"_ _14\"> </span>riduzione <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>valore <span class=\"_ _14\"> </span>\u00e8 <span class=\"_ _b\"> </span>riconosciuta <span class=\"_ _14\"> </span>nel <span class=\"_ _14\"> </span>conto <span class=\"_ _14\"> </span>economico <span class=\"_ _14\"> </span>qualora <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>valore <span class=\"_ _14\"> </span>di iscrizione dell\u2019attivit\u00e0, o del<span class=\"ff2\">la <span class=\"_ _1\"></span>relativa <span class=\"ff7\">cash <span class=\"_ _1\"></span>genera<span class=\"_ _0\"></span>ting <span class=\"_ _1\"></span>unit<span class=\"ff2\"> a <span class=\"_ _1\"></span>cui essa \u00e8 <span class=\"_ _1\"></span>allocata, \u00e8 superiore </span></span></span>al <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>recuperabile; <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>perdite <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>valore <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>cash<span class=\"ff7\"> <span class=\"_ _4\"></span>generating <span class=\"_ _4\"></span>unit</span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>imputate <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>primo luogo <span class=\"_\"> </span>a <span class=\"_ _b\"> </span>riduzione <span class=\"_\"> </span>de<span class=\"_ _0\"></span>l <span class=\"_\"> </span>v<span class=\"_ _0\"></span>alore <span class=\"_\"> </span>con<span class=\"_ _0\"></span>tabile <span class=\"_\"> </span>dell<span class=\"_ _0\"></span>\u2019eventuale <span class=\"_\"> </span>avvi<span class=\"_ _0\"></span>amento <span class=\"_ _b\"> </span>attribui<span class=\"_ _0\"></span>to <span class=\"_\"> </span>e, <span class=\"_\"> </span>quindi<span class=\"_ _0\"></span>, <span class=\"_\"> </span>a<span class=\"_ _0\"></span> riduzione <span class=\"_ _17\"> </span>delle <span class=\"_ _19\"> </span>altre <span class=\"_ _17\"></span>attivit\u00e0, <span class=\"_ _17\"></span>in <span class=\"_ _17\"> </span>proporzione <span class=\"_ _19\"> </span>al <span class=\"_ _17\"></span>relativo <span class=\"_ _17\"> </span>valore <span class=\"_ _17\"> </span>contabile. <span class=\"_ _17\"></span>Qualora <span class=\"_ _19\"> </span>vengano meno i presupp<span class=\"_ _0\"></span>osti per u<span class=\"_ _0\"></span>na svalutazi<span class=\"_ _0\"></span>one precede<span class=\"_ _0\"></span>ntemente effettuata<span class=\"_ _0\"></span> su immobil<span class=\"_ _0\"></span>i, impianti<span class=\"_ _0\"></span> e macchinari ed attivit\u00e0 immateriali diversi da <span class=\"_ _1\"></span>avviamento<span class=\"_ _0\"></span>, il <span class=\"_ _1\"></span>valore contabile dell\u2019attivit\u00e0 viene ripristinato <span class=\"_ _3\"></span>con <span class=\"_ _0\"></span>impu<span class=\"_ _0\"></span>tazione <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>conto <span class=\"_ _0\"></span>economi<span class=\"_ _0\"></span>co, <span class=\"_ _3\"></span>nei <span class=\"_ _3\"></span>limiti <span class=\"_ _0\"></span>del <span class=\"_ _3\"></span>valore <span class=\"_ _0\"></span>netto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>carico <span class=\"_ _0\"></span>che<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l\u2019attivo in <span class=\"_ _3\"></span>oggetto <span class=\"_ _3\"></span>avrebbe <span class=\"_ _3\"></span>avu<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>non <span class=\"_ _2b\"></span>f<span class=\"_ _1\"></span>osse <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>effe<span class=\"_ _0\"></span>ttuata <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>svalutazion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>fossero <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>effe<span class=\"_ _0\"></span>ttuati gli ammortamenti. Nel <span class=\"_ _14\"> </span>caso <span class=\"_ _b\"> </span>in <span class=\"_ _14\"> </span>cui <span class=\"_ _b\"> </span>la <span class=\"_ _14\"> </span>riduzione <span class=\"_ _b\"> </span>di <span class=\"_ _14\"> </span>valore <span class=\"_ _b\"> </span>derivante <span class=\"_ _14\"> </span>dal <span class=\"_ _14\"> </span>t<span class=\"_ _1\"></span>est <span class=\"_ _14\"> </span>sia <span class=\"_ _b\"> </span>superiore <span class=\"_ _14\"> </span>al <span class=\"_ _14\"> </span>valore dell\u2019attivit\u00e0 <span class=\"_ _14\"> </span>oggetto <span class=\"_ _14\"> </span>del <span class=\"_ _14\"> </span>test <span class=\"_ _b\"> </span>allocato<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>alla <span class=\"_ _14\"> </span>cash <span class=\"_ _b\"> </span>g<span class=\"_ _0\"></span>enerating <span class=\"_ _14\"> </span>unit<span class=\"ff2\"> <span class=\"_ _b\"> </span>cui <span class=\"_ _14\"> </span>la <span class=\"_ _14\"> </span>stessa <span class=\"_ _b\"> </span>appartiene,<span class=\"_ _3\"></span> </span>l\u2019ammontare residuo \u00e8 <span class=\"_ _1\"></span>allocato alle attivit\u00e0 incluse <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span><span class=\"ff7\">cash <span class=\"_ _1\"></span>generating unit<span class=\"ff2\"> <span class=\"_ _1\"></span>in proporzione<span class=\"_ _0\"></span> </span></span>del loro valore di<span class=\"_ _0\"></span> carico. Tale al<span class=\"_ _0\"></span>locazione ha come li<span class=\"_ _0\"></span>mite minimo l\u2019am<span class=\"_ _0\"></span>montare pi\u00f9 alto<span class=\"_ _0\"></span> tra:<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il relativo <span class=\"ff7\">fair value</span> <span class=\"ff6\">dell<span class=\"_ _0\"></span>\u2019attivit\u00e0 al net<span class=\"_ _0\"></span>to dei cos<span class=\"ff2\">ti di dismi<span class=\"_ _0\"></span>ssione; </span></span></span></span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">il relativo valore<span class=\"_ _0\"></span> in uso, come sop<span class=\"_ _0\"></span>ra definito; </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"fc1\">zero. </span></span>Le <span class=\"_ _1e\"> </span>perdite<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>di <span class=\"_ _18\"> </span>valore <span class=\"_ _18\"> </span>sono <span class=\"_ _1e\"> </span>contabilizzate<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>nel <span class=\"_ _1e\"> </span>conto <span class=\"_ _18\"> </span>economico <span class=\"_ _18\"> </span>fr<span class=\"_ _1\"></span>a <span class=\"_ _18\"> </span>i <span class=\"_ _1e\"> </span>costi<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>per ammortamen<span class=\"_ _0\"></span>ti e svalutazi<span class=\"_ _0\"></span>oni.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__38": {
   "value": "Rimanenze <span class=\"_ _0\"></span> Le <span class=\"_ _a\"></span>rimanenze<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>materie <span class=\"_ _5\"></span>prime, <span class=\"_ _a\"></span>semilavorati <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>prodotti <span class=\"_ _5\"></span>finiti <span class=\"_ _a\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>iscritte <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>costo <span class=\"_ _a\"></span>e valutate <span class=\"_ _4\"></span>al <span class=\"_ _a\"></span>minore<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ra <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>netto <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>presumibile <span class=\"_ _5\"></span>realizzo. <span class=\"_ _4\"></span>Il <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>acquisto<span class=\"_ _3\"></span> viene <span class=\"_ _19\"> </span>determinato <span class=\"_ _19\"> </span>con <span class=\"_ _16\"> </span>il <span class=\"_ _19\"> </span>metodo <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span>Costo <span class=\"_ _19\"> </span>Medio <span class=\"_ _17\"> </span>Ponderato <span class=\"_ _16\"> </span>(CMP) <span class=\"_ _19\"> </span>ed <span class=\"_ _19\"> </span>include <span class=\"_ _19\"> </span>gli <span class=\"_ _19\"> </span>oneri accessori <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>competenza<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Al <span class=\"_ _3\"></span>fine <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>deter<span class=\"_ _0\"></span>minare <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _0\"></span>netto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>presumibil<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>realizzo, <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>valore di <span class=\"_ _0\"></span>eventuali <span class=\"_ _0\"></span>rimanenze <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>bsolete <span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> len<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>rigiro <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>svalutat<span class=\"_ _0\"></span>o i<span class=\"_ _0\"></span>n relazi<span class=\"_ _0\"></span>one <span class=\"_ _0\"></span>alla <span class=\"_ _3\"></span>previsione di utilizzo/realizzo <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>futuro, <span class=\"_ _3\"></span>mediante <span class=\"_ _3\"></span>l\u2019iscrizione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>un <span class=\"_ _0\"></span>apposit<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>fondo <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>ettifi<span class=\"_ _0\"></span>cativo <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>riduzione<span class=\"_ _0\"></span> del valore delle ri<span class=\"_ _0\"></span>manenze stesse.<span class=\"_ _0\"></span> I <span class=\"_ _5\"></span>prodotti <span class=\"_ _4\"></span>finiti <span class=\"_ _4\"></span>rappresentati <span class=\"_ _4\"></span>da <span class=\"_ _5\"></span>immobili <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>aree <span class=\"_ _4\"></span>edificabili <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>iscritti <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>di acquisto o<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> produzione<span class=\"_ _0\"></span> ovve<span class=\"_ _0\"></span>ro al <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>di real<span class=\"_ _0\"></span>izzo <span class=\"_ _0\"></span>desumibi<span class=\"_ _0\"></span>le dall<span class=\"_ _0\"></span>\u2019andamento <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>mercato, se minore. Il co<span class=\"_ _0\"></span>sto \u00e8 determina<span class=\"_ _0\"></span>to con il<span class=\"_ _0\"></span> metodo del costo specifico <span class=\"_ _0\"></span>sostenuto.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__39": {
   "value": "Diritti di emiss<span class=\"_ _0\"></span>ione Relativamente <span class=\"_ _3\"></span>ai dirit<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>emissioni (o <span class=\"_ _3\"></span>CO2) <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>atmosfera<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>precisa <span class=\"_ _3\"></span>che il <span class=\"_ _3\"></span>trattamento<span class=\"_ _0\"></span> contabile <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>diritti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>emissione (CO2) <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>atmosfera <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>espressamente disciplinato <span class=\"_ _1\"></span>dagli IFRS. <span class=\"_ _6\"> </span>Con <span class=\"_\"> </span>riferimento <span class=\"_\"> </span>ai <span class=\"_ _6\"> </span>diritti <span class=\"_\"> </span>di <span class=\"_ _6\"> </span>emissione <span class=\"_ _6\"> </span>la <span class=\"_\"> </span>contabilizzazion<span class=\"_ _0\"></span>e <span class=\"_ _6\"> </span>iniziale <span class=\"_\"> </span>t<span class=\"_ _1\"></span>ra <span class=\"_\"> </span>le <span class=\"_ _6\"> </span>attivit\u00e0 immateriali <span class=\"_ _2\"> </span>avvi<span class=\"_ _0\"></span>ene <span class=\"_ _2\"> </span>al <span class=\"_ _2\"> </span>fair <span class=\"_ _2\"> </span>val<span class=\"_ _0\"></span>ue <span class=\"_ _2\"> </span>secondo<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>il <span class=\"_ _2\"> </span>\u201ccap<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>and <span class=\"_ _2\"> </span>trade<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>scheme\u201d, <span class=\"_ _9\"> </span>m<span class=\"_ _1\"></span>entre <span class=\"_ _2\"> </span>la<span class=\"_ _0\"></span> contabilizzazi<span class=\"_ _0\"></span>one succe<span class=\"_ _0\"></span>ssiva <span class=\"_ _0\"></span>segue <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>criterio <span class=\"_ _3\"></span>del \u201ccost <span class=\"_ _0\"></span>model\u201d<span class=\"_ _0\"></span>; i <span class=\"_ _0\"></span>dirit<span class=\"_ _0\"></span>ti di <span class=\"_ _3\"></span>emissione ril<span class=\"_ _0\"></span>evati tra<span class=\"_ _0\"></span> le <span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _1\"></span>immateriali <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>sono <span class=\"_ _4\"></span>soggetti <span class=\"_ _1\"></span>ad <span class=\"_ _4\"></span>ammorta<span class=\"_ _0\"></span>mento <span class=\"_ _1\"></span>ma <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>impair<span class=\"_ _0\"></span>ment <span class=\"_ _1\"></span>test. <span class=\"_ _4\"></span>Alla <span class=\"_ _1\"></span>fine di <span class=\"_ _5\"></span>ogni <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>qualora <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>produzione <span class=\"_ _5\"></span>richieda <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>disponibili<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>quote <span class=\"_ _5\"></span>CO2 <span class=\"_ _a\"></span>maggio<span class=\"_ _0\"></span>re <span class=\"_ _5\"></span>di quelle disponibili presso il registro la societ\u00e0 accantona un fondo rischi ed oneri in relazione al <span class=\"_ _8\"> </span>valore <span class=\"_ _8\"> </span>di <span class=\"_ _9\"> </span>mercato <span class=\"_ _8\"> </span>(fair <span class=\"_ _8\"> </span>value) <span class=\"_ _8\"> </span>relativo <span class=\"_ _9\"> </span>al<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>numero <span class=\"_ _9\"> </span>di <span class=\"_ _8\"> </span>quote <span class=\"_ _8\"> </span>che <span class=\"_ _8\"> </span>devono <span class=\"_ _8\"> </span>essere successivamente a<span class=\"_ _0\"></span>cquisite sul me<span class=\"_ _0\"></span>rcato.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmissionRightsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__40": {
   "value": "Strumenti finanzia<span class=\"_ _0\"></span>ri Classificazi<span class=\"_ _0\"></span>one e misurazi<span class=\"_ _0\"></span>one  L'IFRS <span class=\"_ _1\"></span>9 <span class=\"_ _1\"></span>prevede <span class=\"_ _4\"></span>speci<span class=\"_ _0\"></span>fiche <span class=\"_ _4\"></span>disposizi<span class=\"_ _0\"></span>oni <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>classi<span class=\"_ _0\"></span>ficazione <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valutazione <span class=\"_ _1\"></span>delle <span class=\"_ _4\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 finanziarie <span class=\"_ _1\"></span>che <span class=\"_ _4\"></span>riflettono <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>modello <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>business <span class=\"_ _4\"></span>secondo <span class=\"_ _4\"></span>cui <span class=\"_ _1\"></span>vengono <span class=\"_ _4\"></span>gestite <span class=\"_ _1\"></span>tali <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>le<span class=\"_ _0\"></span> caratteristiche dei<span class=\"_ _0\"></span> loro flussi<span class=\"_ _0\"></span> finanziari. Le <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>classificate <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>tre <span class=\"_ _3\"></span>categorie <span class=\"_ _0\"></span>principa<span class=\"_ _0\"></span>li: <span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> costo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>mmortizzato, <span class=\"_ _3\"></span>al <span class=\"_ _0\"></span>fair value <span class=\"_ _3\"></span>rilevato <span class=\"_ _3\"></span>nelle <span class=\"_ _3\"></span>altre <span class=\"_ _3\"></span>compone<span class=\"_ _0\"></span>nti <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>economico <span class=\"_ _3\"></span>compl<span class=\"_ _0\"></span>essivo <span class=\"_ _3\"></span>(FVOCI)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>value rilevato nell'utile/<span class=\"_ _0\"></span>(perdita) del<span class=\"_ _0\"></span>l'esercizio (FVTP<span class=\"_ _0\"></span>L).  Le <span class=\"_ _a\"></span>analisi <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>un\u2019entit\u00e0 <span class=\"_ _a\"></span>deve <span class=\"_ _a\"></span>svolgere <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>classificare <span class=\"_ _5\"></span>le <span class=\"_ _17\"> </span>attivit\u00e0 <span class=\"_ _a\"></span>finanziar<span class=\"_ _0\"></span>ie<span class=\"ff2\"> <span class=\"_ _17\"></span>nelle <span class=\"_ _a\"></span>suddette </span>categorie <span class=\"_ _17\"> </span>seguono <span class=\"_ _17\"> </span>una <span class=\"_ _17\"> </span>prima <span class=\"_ _19\"> </span>distinzione <span class=\"_ _17\"> </span>a <span class=\"_ _19\"> </span>seconda <span class=\"_ _17\"> </span>se <span class=\"_ _19\"> </span>siamo <span class=\"_ _17\"></span>in <span class=\"_ _19\"> </span>presenza<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>di <span class=\"_ _17\"> </span>un <span class=\"_ _19\"> </span>titolo <span class=\"_ _17\"> </span>di capitale, un titolo<span class=\"_ _0\"></span> di debito o un<span class=\"_ _0\"></span> derivato.  Tutte <span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>rappresentate <span class=\"_ _3\"></span>da ti<span class=\"_ _0\"></span>toli <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>capitale <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>sempre <span class=\"_ _0\"></span>rileva<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _0\"></span>value.<span class=\"_ _0\"></span> Nel <span class=\"_ _4\"></span>caso <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>titolo <span class=\"_ _4\"></span>sia <span class=\"_ _4\"></span>detenuto <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>finalit\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>trading, <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>variazioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>fair <span class=\"_ _4\"></span>value <span class=\"_ _4\"></span>devono essere <span class=\"_ _3\"></span>rilevate <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>conto <span class=\"_ _0\"></span>economico<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>mentre <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>tut<span class=\"_ _0\"></span>ti <span class=\"_ _3\"></span>gli <span class=\"_ _0\"></span>altri <span class=\"_ _3\"></span>investimen<span class=\"_ _0\"></span>ti <span class=\"_ _3\"></span>l\u2019entit\u00e0 <span class=\"_ _3\"></span>potr\u00e0 <span class=\"_ _3\"></span>decidere, alla <span class=\"_ _5\"></span>data <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>rilevazione <span class=\"_ _5\"></span>iniziale, <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>rilevare <span class=\"_ _5\"></span>successivamente <span class=\"_ _5\"></span>tutte <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>varia<span class=\"_ _0\"></span>zioni <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>fair <span class=\"_ _a\"></span>value nelle <span class=\"_ _16\"> </span>altre <span class=\"_ _14\"> </span>componenti <span class=\"_ _14\"> </span>del <span class=\"_ _14\"> </span>conto <span class=\"_ _14\"> </span>economico <span class=\"_ _16\"> </span>complessivo <span class=\"_ _16\"> </span>(OCI), <span class=\"_ _14\"> </span>esercitando <span class=\"_ _16\"> </span>la <span class=\"_ _14\"> </span>FVTOCI option. <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>caso, <span class=\"_ _4\"></span>gli <span class=\"_ _1\"></span>importi <span class=\"_ _4\"></span>accumula<span class=\"_ _0\"></span>ti <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>OCI <span class=\"_ _4\"></span>non <span class=\"_ _1\"></span>saranno <span class=\"_ _4\"></span>mai <span class=\"_ _1\"></span>riversati <span class=\"_ _1\"></span>nell\u2019utile/(perdita) dell\u2019eserci<span class=\"_ _0\"></span>zio <span class=\"_ _15\"> </span>anche <span class=\"_ _18\"> </span>in <span class=\"_ _15\"> </span>caso <span class=\"_ _18\"> </span>di <span class=\"_ _15\"> </span>eliminazione <span class=\"_ _15\"> </span>contabil<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>dell\u2019investimento. <span class=\"_ _15\"> </span>L\u2019applicazione dell\u2019opzi<span class=\"_ _0\"></span>one <span class=\"_ _0\"></span>\u201cFVTOCI\u201d <span class=\"_ _0\"></span>\u00e8 i<span class=\"_ _0\"></span>rrevocabile <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> le <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iclassific<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>tra l<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>tre <span class=\"_ _0\"></span>categorie <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>n son<span class=\"_ _0\"></span>o con<span class=\"_ _0\"></span>cesse.<span class=\"ff2\"> </span>Tale opzione \u00e8 s<span class=\"_ _0\"></span>tata adottata pe<span class=\"_ _0\"></span>r la valutazione d<span class=\"_ _0\"></span>elle partecipazi<span class=\"_ _0\"></span>oni in altr<span class=\"_ _0\"></span>e imprese. Per <span class=\"_ _3\"></span>quanto <span class=\"_ _3\"></span>riguarda <span class=\"_ _3\"></span>invece <span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>classificazi<span class=\"_ _0\"></span>one <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _3\"></span>rappresentate<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dai credi<span class=\"_ _0\"></span>ti e dai titoli di debi<span class=\"_ _0\"></span>to, \u00e8 necessario con<span class=\"_ _0\"></span>siderare du<span class=\"_ _0\"></span>e elementi:  1.  <span class=\"_ _2b\"></span>il model<span class=\"_ _0\"></span>lo di business ad<span class=\"_ _0\"></span>ottato dalla socie<span class=\"_ _0\"></span>t\u00e0. In particol<span class=\"_ _0\"></span>are: \u2014<span class=\"ff2\"> Held <span class=\"_ _4\"></span>to <span class=\"_ _1\"></span>Collect <span class=\"_ _1\"></span>(HTC), <span class=\"_ _4\"></span></span>model<span class=\"_ _0\"></span>lo <span class=\"_ _1\"></span>avente <span class=\"_ _4\"></span>l\u2019obiettivo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>possedere <span class=\"_ _1\"></span>l\u2019attivit\u00e0 <span class=\"_ _1\"></span>finanziaria per l\u2019incasso dei <span class=\"_ _0\"></span>flussi contra<span class=\"_ _0\"></span>ttuali;<span class=\"ff2\"> </span>\u2014<span class=\"ff2\"> </span>Held <span class=\"_ _a\"></span>To <span class=\"_ _a\"></span>Coll<span class=\"_ _0\"></span>ect <span class=\"_ _a\"></span>and <span class=\"_ _a\"></span>Sale <span class=\"_ _5\"></span>(HTC&amp;S), <span class=\"_ _5\"></span>m<span class=\"_ _1\"></span>odello <span class=\"_ _5\"></span>avente <span class=\"_ _a\"></span>l\u2019obiettivo <span class=\"_ _5\"></span>sia <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>incassare <span class=\"_ _a\"></span>i flussi contrat<span class=\"_ _0\"></span>tuali derivan<span class=\"_ _0\"></span>ti dall\u2019<span class=\"_ _0\"></span>attivit\u00e0 finanziaria <span class=\"_ _0\"></span>sia <span class=\"_ _0\"></span>di vendere l\u2019attivi<span class=\"_ _0\"></span>t\u00e0 finanzi<span class=\"_ _0\"></span>aria stessa; \u2014<span class=\"ff2\"> altro modello di business<span class=\"_ _0\"></span> diverso dai due p<span class=\"_ _0\"></span>recedenti. </span>2.<span class=\"ls0\"> <span class=\"_ _2f\"> </span>le caratteristiche dei<span class=\"_ _0\"></span> flussi di cassa con<span class=\"_ _0\"></span>trattuali rinveni<span class=\"_ _0\"></span>enti dallo strumen<span class=\"_ _0\"></span>to finanziario<span class=\"_ _0\"></span>. In </span>particolare <span class=\"_ _b\"> </span>si <span class=\"_ _b\"> </span>dovr\u00e0<span class=\"_ _0\"></span> <span class=\"_\"> </span>ve<span class=\"_ _0\"></span>rificare <span class=\"_ _b\"> </span>se <span class=\"_ _b\"> </span>tali <span class=\"_ _b\"> </span>flussi <span class=\"_ _b\"> </span>di<span class=\"_ _0\"></span> <span class=\"_\"> </span>c<span class=\"_ _0\"></span>assa <span class=\"_\"> </span>con<span class=\"_ _0\"></span>trattuali<span class=\"_ _0\"></span> <span class=\"_\"> </span>sono <span class=\"_\"> </span>r<span class=\"_ _0\"></span>appresentati<span class=\"_ _0\"></span> unicamente <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>pagamento <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>capitale <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>dagli <span class=\"_ _3\"></span>interessi <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>diversamente <span class=\"_ _3\"></span>includono <span class=\"_ _3\"></span>anche altre <span class=\"_ _1\"></span>componen<span class=\"_ _0\"></span>ti. Q<span class=\"_ _1\"></span>uesta verifica \u00e8 <span class=\"_ _1\"></span>denominata SPPI Test <span class=\"_ _1\"></span>(Solely Payment of <span class=\"_ _1\"></span>Principal<span class=\"_ _0\"></span> and Interest Test<span class=\"_ _0\"></span>). L\u2019IFRS 9 fornisce le<span class=\"_ _0\"></span> defini<span class=\"_ _0\"></span>zioni di capitale<span class=\"ff2\"> e inter<span class=\"_ _0\"></span>essi: </span>\u2022<span class=\"ff2\"> <span class=\"_ _30\"> </span></span>il <span class=\"_ _19\"> </span>capitale <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _16\"> </span>il <span class=\"_ _19\"> </span>fair <span class=\"_ _19\"> </span>value <span class=\"_ _19\"> </span>dell\u2019attivit\u00e0 <span class=\"_ _17\"> </span>finanziaria <span class=\"_ _19\"> </span>all\u2019iscrizi<span class=\"_ _0\"></span>one <span class=\"_ _19\"> </span>iniziale <span class=\"_ _19\"> </span>e <span class=\"_ _16\"> </span>tale <span class=\"_ _19\"> </span>importo <span class=\"_ _19\"> </span>pu\u00f2 cambiare <span class=\"_ _2b\"></span>nel <span class=\"_ _3\"></span>tempo <span class=\"_ _3\"></span>lungo <span class=\"_ _2b\"></span>la <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>dello <span class=\"_ _2b\"></span>strumento <span class=\"_ _3\"></span>finanzi<span class=\"_ _0\"></span>ario <span class=\"_ _3\"></span>(ad <span class=\"_ _2b\"></span>esempio, <span class=\"_ _3\"></span>tramite <span class=\"_ _2b\"></span>rimborsi); \u2022<span class=\"ff2\"> <span class=\"_ _30\"> </span>gli <span class=\"_ _1\"></span>interessi <span class=\"_ _1\"></span>rappresentano<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>invece, <span class=\"_ _4\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>compensazione <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>temporale <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>denaro </span>e il rischio di credi<span class=\"_ _0\"></span>to sul capi<span class=\"_ _0\"></span>tale residuo. Un\u2019attivit\u00e0 <span class=\"_ _5\"></span>finanziaria <span class=\"_ _5\"></span>rappresentata <span class=\"_ _5\"></span>quindi <span class=\"_ _a\"></span>da <span class=\"_ _5\"></span>titoli <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>debito <span class=\"_ _a\"></span>potr\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>essere <span class=\"_ _5\"></span>classificata <span class=\"_ _5\"></span>nelle seguenti categorie:<span class=\"_ _0\"></span> 1)<span class=\"ls0\"> <span class=\"_ _31\"> </span>Costo ammortizza<span class=\"_ _0\"></span>to quando: </span>a.<span class=\"ls0\"> <span class=\"_ _2f\"> </span>i <span class=\"_ _4\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cassa <span class=\"_ _5\"></span>contrattua<span class=\"_ _0\"></span>li <span class=\"_ _5\"></span>dello <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>rumento <span class=\"_ _5\"></span>sono <span class=\"_ _4\"></span>rappresentati <span class=\"_ _5\"></span>unicamente <span class=\"_ _4\"></span>dal </span>pagamento di capital<span class=\"_ _0\"></span>e e interessi<span class=\"_ _0\"></span> (SPPI Test<span class=\"_ _0\"></span> superato); e b.<span class=\"ls0\"> <span class=\"_ _2f\"> </span><span class=\"ff6\">il <span class=\"_ _17\"> </span>business <span class=\"_ _19\"> </span>model <span class=\"_ _19\"> </span>adottato <span class=\"_ _17\"> </span>dalla <span class=\"_ _19\"> </span>societ\u00e0 <span class=\"_ _19\"> </span>prevede <span class=\"_ _17\"> </span>che <span class=\"_ _19\"> </span>l\u2019entit\u00e0 <span class=\"_ _19\"> </span>detenga <span class=\"_ _19\"> </span>l\u2019attivit\u00e0 </span></span>finanziaria <span class=\"_ _4\"></span>esclusivamente <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>incassare <span class=\"_ _4\"></span>flus<span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cassa <span class=\"_ _5\"></span>contrattuali <span class=\"_ _4\"></span>(modello <span class=\"_ _4\"></span>di business HTC). In <span class=\"_ _5\"></span>questa <span class=\"_ _4\"></span>categoria, <span class=\"_ _5\"></span>gli <span class=\"_ _4\"></span>strumenti <span class=\"_ _5\"></span>finanziari <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>inizialmente <span class=\"_ _4\"></span>rilevati <span class=\"_ _5\"></span>al <span class=\"_ _4\"></span>fair <span class=\"_ _5\"></span>value, <span class=\"_ _5\"></span>inclusivo dei <span class=\"_ _19\"> </span>costi <span class=\"_ _19\"> </span>dell\u2019operazione, <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>successivamen<span class=\"_ _0\"></span>te <span class=\"_ _19\"> </span>valutati <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span>costo <span class=\"_ _19\"> </span>ammortizzato.<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>Gli <span class=\"_ _19\"> </span>interessi (calcolati <span class=\"_ _0\"></span>util<span class=\"ff6\">i<span class=\"_ _0\"></span>zzando <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>criterio<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>l\u2019interesse <span class=\"_ _0\"></span>effe<span class=\"_ _0\"></span>ttivo), <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>perdite<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(e i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ripristin<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>perdite<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>per </span>riduzione <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>valore, <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>utili/(perdite<span class=\"_ _0\"></span>) <span class=\"_ _a\"></span>su <span class=\"_ _a\"></span>cambi <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>utili/(perdite) <span class=\"_ _a\"></span>derivanti <span class=\"_ _a\"></span>dall\u2019elimi<span class=\"_ _0\"></span>nazione contabile sono ril<span class=\"_ _0\"></span>evati nell<span class=\"_ _0\"></span>\u2019utile/(perdita) dell\u2019ese<span class=\"_ _0\"></span>rcizio.<span class=\"ff2\"> </span>2) <span class=\"_ _31\"> </span>Fair Value Through<span class=\"_ _0\"></span> Other Comp<span class=\"_ _0\"></span>rehensive<span class=\"_ _0\"></span> Income (FVT<span class=\"_ _0\"></span>OCI) quando: a.<span class=\"ls0\"> <span class=\"_ _2f\"> </span>i <span class=\"_ _4\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cassa <span class=\"_ _4\"></span>contrattuali <span class=\"_ _4\"></span>dello <span class=\"_ _5\"></span>strumento <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>rappresentati <span class=\"_ _5\"></span>unicamente <span class=\"_ _4\"></span>dal </span>pagamento di capital<span class=\"_ _0\"></span>e e interessi<span class=\"_ _0\"></span> (SPPI Test<span class=\"_ _0\"></span> superato); e b.<span class=\"ls0\"> <span class=\"_ _2f\"> </span>il <span class=\"_ _17\"></span>business <span class=\"_ _19\"> </span>model <span class=\"_ _19\"> </span>adottato <span class=\"_ _17\"> </span>dalla <span class=\"_ _19\"> </span>societ\u00e0 <span class=\"_ _19\"> </span>preve<span class=\"ff6\">de <span class=\"_ _19\"> </span>che <span class=\"_ _19\"> </span>l\u2019entit\u00e0 <span class=\"_ _17\"> </span>detenga <span class=\"_ _19\"> </span>l\u2019attivit\u00e0 </span></span>finanziaria <span class=\"_ _2b\"></span>sia <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>incass<span class=\"_ _0\"></span>are <span class=\"_ _3\"></span>flussi <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _2b\"></span>contrattuali <span class=\"_ _2b\"></span>che <span class=\"_ _3\"></span>flussi <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _3\"></span>generati dalla vendita (model<span class=\"_ _0\"></span>lo di busi<span class=\"_ _0\"></span>ness HTC&amp;S). In <span class=\"_ _17\"> </span>tale <span class=\"_ _19\"> </span>categoria <span class=\"_ _17\"> </span>gli <span class=\"_ _19\"> </span>strumenti <span class=\"_ _17\"> </span>finanziari <span class=\"_ _19\"> </span>classificati <span class=\"_ _17\"></span>sono <span class=\"_ _17\"> </span>inizialmente <span class=\"_ _17\"> </span>rilevati <span class=\"_ _19\"> </span>al <span class=\"_ _17\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_ _19\"> </span>value, inclusivo dei costi del<span class=\"_ _0\"></span>l\u2019operazione.<span class=\"_ _0\"></span><span class=\"ff2\"> </span>Gli <span class=\"_ _a\"></span>intere<span class=\"_ _0\"></span>ssi <span class=\"_ _5\"></span>(calcolati <span class=\"_ _a\"></span>utilizzan<span class=\"_ _0\"></span>do <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>criterio <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _0\"></span>interesse <span class=\"_ _5\"></span>effettivo <span class=\"_ _a\"></span>come <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>previgente <span class=\"_ _a\"></span>IAS<span class=\"_ _0\"></span> 39), <span class=\"_ _6\"> </span>le <span class=\"_ _15\"> </span>perdite/(utili) <span class=\"_ _6\"> </span>per <span class=\"_ _6\"> </span>riduzione <span class=\"_ _6\"> </span>di <span class=\"_ _15\"> </span>valore <span class=\"_ _6\"> </span>e <span class=\"_ _15\"> </span>gli <span class=\"_ _15\"> </span>utili/(perdi<span class=\"_ _0\"></span>te) <span class=\"_ _6\"> </span>su <span class=\"_ _15\"> </span>cambi <span class=\"_ _6\"> </span>sono <span class=\"_ _15\"> </span>rilevati nell\u2019util<span class=\"_ _0\"></span>e/(perdita)<span class=\"ff2\"> </span>del<span class=\"_ _0\"></span>l\u2019esercizio. <span class=\"_ _3\"></span>Le alt<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>variazi<span class=\"_ _0\"></span>oni <span class=\"_ _0\"></span>del <span class=\"_ _3\"></span>fair value<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dello <span class=\"_ _3\"></span>strumento <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>rilevate tra le <span class=\"_ _0\"></span>altre comp<span class=\"_ _0\"></span>onenti di<span class=\"_ _0\"></span> conto<span class=\"_ _0\"></span> economico<span class=\"_ _0\"></span> compl<span class=\"_ _0\"></span>essivo (OCI<span class=\"_ _0\"></span>). Al <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>dell\u2019el<span class=\"_ _0\"></span>iminazione contabile <span class=\"_ _6\"> </span>dello <span class=\"_ _6\"> </span>strumen<span class=\"_ _0\"></span>to, <span class=\"_ _6\"> </span>tutti <span class=\"_ _6\"> </span>gli <span class=\"_ _6\"> </span>utili/(perdite) <span class=\"_\"> </span>accumulati <span class=\"_ _6\"> </span>a <span class=\"_ _6\"> </span>OCI <span class=\"_ _6\"> </span>saranno <span class=\"_ _6\"> </span>riclassificati nell\u2019util<span class=\"_ _0\"></span>e/(perdita) dell\u2019esercizi<span class=\"_ _0\"></span>o.<span class=\"ff2\"> </span>3)<span class=\"ls0\"> <span class=\"_ _31\"> </span>Fair Value Through<span class=\"_ _0\"></span> Profit Or Loss<span class=\"_ _0\"></span> in via residual<span class=\"_ _0\"></span>e, ovvero quando<span class=\"_ _0\"></span>: </span>a.<span class=\"ls0\"> <span class=\"_ _32\"> </span>non sono rispettati i<span class=\"_ _0\"></span> criteri preceden<span class=\"_ _0\"></span>temente desc<span class=\"_ _0\"></span>ritti ovvero<span class=\"_ _0\"></span>; </span>b.<span class=\"ls0\"> <span class=\"_ _32\"> </span>nel caso in cui si<span class=\"_ _0\"></span> eserciti la fair <span class=\"_ _0\"></span>value option. </span>Gli <span class=\"_ _19\"> </span>strumenti <span class=\"_ _19\"> </span>f<span class=\"_ _1\"></span>inanziari <span class=\"_ _19\"> </span>classificati <span class=\"_ _19\"> </span>in <span class=\"_ _16\"> </span>tale <span class=\"_ _19\"> </span>categoria <span class=\"_ _19\"> </span>sono <span class=\"_ _16\"> </span>inizialmente <span class=\"_ _19\"> </span>e <span class=\"_ _16\"> </span>successi<span class=\"_ _0\"></span>vamente rilevati <span class=\"_\"> </span>al <span class=\"_ _6\"> </span>fair <span class=\"_ _6\"> </span>value. <span class=\"_ _6\"> </span>I <span class=\"_\"> </span>costi <span class=\"_ _6\"> </span>dell\u2019operazione <span class=\"_\"> </span>e <span class=\"_ _6\"> </span>le <span class=\"_ _6\"> </span>variazioni <span class=\"_ _6\"> </span>del <span class=\"_\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_\"> </span>value <span class=\"_ _6\"> </span>sono <span class=\"_ _6\"> </span>rilevati nell\u2019util<span class=\"_ _0\"></span>e/(perdita) dell\u2019esercizi<span class=\"_ _0\"></span>o.<span class=\"ff2\"> </span>Perdite per ridu<span class=\"_ _0\"></span>zione di valore L'IFRS 9 <span class=\"ff6\">sostituisce il modell<span class=\"_ _0\"></span>o della \u2018perdita sostenuta\u2019 (\u2018incu<span class=\"_ _0\"></span>rred loss\u2019) previsto dallo IAS 39 </span>con un modello prevision<span class=\"_ _0\"></span>ale della \u2018p<span class=\"_ _0\"></span>erdita attesa su crediti\u2019 (\u2018expected credi<span class=\"_ _0\"></span>t loss\u2019 o \u2018ECL\u2019). Il modello <span class=\"_ _2\"> </span>presupp<span class=\"_ _0\"></span>one <span class=\"_ _2\"> </span>u<span class=\"_ _0\"></span>n <span class=\"_ _2\"> </span>li<span class=\"_ _0\"></span>vello <span class=\"_ _2\"> </span>si<span class=\"_ _0\"></span>gnificativo <span class=\"_ _2\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>valutazione <span class=\"_ _9\"> </span>in <span class=\"_ _2\"> </span>merito <span class=\"_ _2\"> </span>all'impatto <span class=\"_ _9\"> </span>dei cambiamenti dei <span class=\"_ _0\"></span>fattori economici sul<span class=\"_ _0\"></span>l'ECL che sa<span class=\"_ _0\"></span>ranno ponderati in <span class=\"_ _0\"></span>base all<span class=\"_ _0\"></span>e probabilit\u00e0. Il nuovo<span class=\"_ _0\"></span> modell<span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> perdita <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>riduzione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>si appl<span class=\"_ _0\"></span>ica all<span class=\"_ _0\"></span>e attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>finanziarie val<span class=\"_ _0\"></span>utate <span class=\"_ _0\"></span>al costo ammo<span class=\"_ _0\"></span>rtizzato o al<span class=\"_ _0\"></span> FVOCI, <span class=\"_ _0\"></span>fatta eccezione<span class=\"_ _0\"></span> per i titol<span class=\"_ _0\"></span>i di capitale<span class=\"_ _0\"></span> e le attivit\u00e0<span class=\"_ _0\"></span> derivanti da<span class=\"_ _0\"></span> contratti con i clien<span class=\"_ _0\"></span>ti. Il <span class=\"_ _17\"> </span>principio <span class=\"_ _17\"> </span>prevede <span class=\"_ _17\"> </span>che <span class=\"_ _17\"> </span>i <span class=\"_ _19\"> </span>fondi <span class=\"_ _17\"> </span>a <span class=\"_ _19\"> </span>copertura <span class=\"_ _17\"></span>su <span class=\"_ _17\"></span>crediti <span class=\"_ _17\"> </span>siano <span class=\"_ _17\"> </span>valutati <span class=\"_ _17\"> </span>utilizzando <span class=\"_ _17\"> </span>i <span class=\"_ _19\"> </span>seguenti approcci <span class=\"_ _15\"> </span>metodologici<span class=\"_ _0\"></span>: <span class=\"_ _18\"> </span>il <span class=\"_ _15\"> </span>\u201cGeneral <span class=\"_ _15\"> </span>deteriora<span class=\"_ _0\"></span>tion <span class=\"_ _15\"> </span>method\u201d <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>il <span class=\"_ _18\"> </span>\u201cSimplifi<span class=\"_ _0\"></span>ed <span class=\"_ _15\"> </span>approach\u201d; <span class=\"_ _18\"> </span><span class=\"ff2\">in </span>particolare: \u2022<span class=\"ff2\"> <span class=\"_ _30\"> </span></span>ll <span class=\"_ _a\"></span>\u201cGeneral <span class=\"_ _a\"></span>deterioration <span class=\"_ _a\"></span>method\u201d <span class=\"_ _a\"></span>richiede <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>classificazi<span class=\"_ _0\"></span>one <span class=\"_ _a\"></span>in <span class=\"_ _17\"> </span>tre <span class=\"_ _a\"></span>stage <span class=\"_ _a\"></span>degli <span class=\"_ _a\"></span>strumenti finanziari <span class=\"_ _1\"></span>inclusi nel <span class=\"_ _1\"></span>perimetro <span class=\"_ _4\"></span>di applicazione <span class=\"_ _1\"></span>dell\u2019IFR<span class=\"_ _0\"></span>S <span class=\"_ _1\"></span>9. <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>tre <span class=\"_ _1\"></span>stage <span class=\"_ _1\"></span>riflettono <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>livello di<span class=\"_ _1\"></span> deterioramento <span class=\"_ _17\"> </span>della <span class=\"_ _19\"> </span>qualit\u00e0 <span class=\"_ _17\"> </span>del <span class=\"_ _19\"> </span>credito <span class=\"_ _19\"> </span>dal <span class=\"_ _19\"> </span>momento <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>cui <span class=\"_ _16\"> </span>lo <span class=\"_ _17\"> </span>str<span class=\"_ _1\"></span>umento <span class=\"_ _17\"> </span>finanziario <span class=\"_ _19\"> </span>\u00e8 acquisito e compo<span class=\"_ _0\"></span>rtano una di<span class=\"_ _0\"></span>fferente modal<span class=\"_ _0\"></span>it\u00e0 di calcol<span class=\"_ _0\"></span>o dell\u2019EC<span class=\"_ _0\"></span>L;<span class=\"_ _1\"></span><span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _30\"> </span></span>ll <span class=\"_ _0\"></span>\u201cSimpli<span class=\"_ _0\"></span>fied <span class=\"_ _0\"></span>approach\u201d <span class=\"_ _3\"></span>prevede, pe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>cr<span class=\"_ _1\"></span>editi <span class=\"_ _3\"></span>commerciali, <span class=\"_ _0\"></span>contrac<span class=\"_ _0\"></span>t <span class=\"_ _0\"></span>asset <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>crediti <span class=\"_ _0\"></span>derivan<span class=\"_ _0\"></span>ti da <span class=\"_ _1\"></span>contratti <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>leasing, <span class=\"_ _1\"></span>l\u2019adozione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>alcune <span class=\"_ _4\"></span>sempl<span class=\"_ _0\"></span>ificazioni, <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>in<span class=\"ff2\">e <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>evitare <span class=\"_ _1\"></span>che <span class=\"_ _4\"></span>le <span class=\"_ _1\"></span>entit\u00e0 </span>siano <span class=\"_ _4\"></span>costrette <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>monitorare <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>cambiamenti <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>credito, <span class=\"_ _4\"></span>cos\u00ec <span class=\"_ _4\"></span>come <span class=\"_ _4\"></span>previsto <span class=\"_ _4\"></span>dal modello <span class=\"_ _14\"> </span>generale. <span class=\"_ _14\"> </span>La <span class=\"_ _b\"> </span>rilevazion<span class=\"_ _0\"></span>e <span class=\"_ _b\"> </span>dell<span class=\"_ _0\"></span>a <span class=\"_ _b\"> </span>perdita<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>secondo <span class=\"_ _b\"> </span>l\u2019approcci<span class=\"_ _0\"></span>o <span class=\"_ _14\"> </span>semplificato <span class=\"_ _14\"> </span>deve essere <span class=\"_ _1\"></span>lifetime, <span class=\"_ _4\"></span>pertanto <span class=\"_ _1\"></span>non <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>richiesta <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>stage <span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>ocation. <span class=\"_ _4\"></span>Per <span class=\"_ _1\"></span>tale <span class=\"_ _4\"></span>tipologi<span class=\"_ _0\"></span>a, <span class=\"_ _4\"></span>pertanto, <span class=\"_ _1\"></span>i crediti sono<span class=\"_ _0\"></span> suddivi<span class=\"_ _0\"></span>si per <span class=\"_ _0\"></span>cluster o<span class=\"_ _0\"></span>mogenei, <span class=\"_ _0\"></span>con ri<span class=\"_ _0\"></span>ferimenti <span class=\"_ _0\"></span>ai quali<span class=\"_ _0\"></span> sono <span class=\"_ _0\"></span>successivamen<span class=\"_ _0\"></span>te determinati, <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>ogni <span class=\"_ _4\"></span>cluster, <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>parametri <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>riferimento<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>(PD, <span class=\"_ _4\"></span>LGD, <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>EAD) <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>calcolo delle lifetime expec<span class=\"_ _0\"></span>ted credit losses u<span class=\"_ _0\"></span>tilizzando le <span class=\"_ _0\"></span>informazioni disponi<span class=\"_ _0\"></span>bili. Nei <span class=\"_ _14\"> </span>casi <span class=\"_ _b\"> </span>in <span class=\"_ _14\"> </span>cui <span class=\"_ _b\"> </span>trova <span class=\"_ _14\"> </span>applicazione <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>General <span class=\"_ _b\"> </span>Deterioration<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>M<span class=\"_ _1\"></span>ethod, <span class=\"_ _14\"> </span>come <span class=\"_ _14\"> </span>anticipato, <span class=\"_ _14\"> </span>gli strumenti finanziari <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>classificati <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>tre <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>age <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>funzione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>deterioramento della <span class=\"_ _1\"></span>qualit\u00e0 creditizia tra la<span class=\"_ _0\"></span> data della rilevazi<span class=\"_ _0\"></span>one iniziale e qu<span class=\"_ _0\"></span>ella di valutazi<span class=\"_ _0\"></span>one: \u2022<span class=\"ff2\"> <span class=\"_ _2a\"> </span>Stage <span class=\"_ _5\"></span>1: <span class=\"_ _a\"></span>comprende <span class=\"_ _5\"></span>tutte <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _5\"></span>f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _a\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>esame <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>momento <span class=\"_ _17\"></span>della <span class=\"_ _a\"></span>loro <span class=\"_ _5\"></span>prima </span>rilevazione <span class=\"_ _3\"></span>(data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>rilevazi<span class=\"_ _0\"></span>one <span class=\"_ _3\"></span>iniziale) <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>prescindere <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>paramenti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>qualitativi <span class=\"_ _3\"></span>(es.: <span class=\"_ _3\"></span>rating)<span class=\"_ _0\"></span> e <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>eccezione <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>situazioni <span class=\"_ _3\"></span>con evidenze<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>oggettive <span class=\"_ _3\"></span>di impai<span class=\"_ _0\"></span>rment. <span class=\"_ _0\"></span>Perma<span class=\"_ _0\"></span>ngono <span class=\"_ _3\"></span>in stage<span class=\"_ _0\"></span> 1, in fase di valutazi<span class=\"_ _0\"></span>one successiva,<span class=\"_ _0\"></span> tutti gli strum<span class=\"_ _0\"></span>enti finanziari ch<span class=\"_ _0\"></span>e non hann<span class=\"_ _0\"></span>o avuto un aumento <span class=\"_ _1\"></span>significativo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>rischio <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>credito <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>rilevazi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>iniziale <span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>che abbi<span class=\"ls0\">ano <span class=\"_\"> </span>un <span class=\"_ _15\"> </span>basso <span class=\"_\"> </span>rischio <span class=\"_\"> </span>di <span class=\"_ _6\"> </span>credito <span class=\"_ _6\"> </span>alla <span class=\"_\"> </span>data <span class=\"_\"> </span>di <span class=\"_ _6\"> </span>r<span class=\"_ _1\"></span>iferimen<span class=\"_ _0\"></span>to. <span class=\"_ _6\"> </span>Per <span class=\"_\"> </span>tali <span class=\"_ _6\"> </span>attivit\u00e0 <span class=\"_\"> </span>sono </span>riconosciute <span class=\"_ _b\"> </span>le <span class=\"_ _14\"> </span>perdite <span class=\"_\"> </span>su <span class=\"_ _14\"> </span>crediti <span class=\"_\"> </span>at<span class=\"_ _0\"></span>tese <span class=\"_ _b\"> </span>nei <span class=\"_ _b\"> </span>prossimi <span class=\"_ _14\"> </span>12 <span class=\"_\"> </span>mesi <span class=\"_ _14\"> </span>(12<span class=\"_ _1\"></span>-month <span class=\"_ _14\"> </span>ECL) <span class=\"_\"> </span>che<span class=\"_ _0\"></span> rappresentano <span class=\"_ _16\"> </span>le <span class=\"_ _16\"> </span>perdite <span class=\"_ _14\"> </span>attese <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>considerazio<span class=\"_ _0\"></span>ne <span class=\"_ _16\"> </span>della <span class=\"_ _16\"> </span>possibilit\u00e0 <span class=\"_ _14\"> </span>che <span class=\"_ _16\"> </span>si <span class=\"_ _14\"> </span>verifichino<span class=\"_ _0\"></span> eventi di default nei prossimi 12 mesi. Gli interessi<span class=\"_ _0\"></span> degli strumenti finanziari compresi in stage 1 <span class=\"_ _0\"></span>sono calcol<span class=\"_ _0\"></span>ati sul<span class=\"_ _0\"></span> valore con<span class=\"_ _0\"></span>tabile <span class=\"_ _0\"></span>al lordo <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>eventuali <span class=\"_ _0\"></span>svalutazioni sul<span class=\"_ _0\"></span>l\u2019asset;<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _2a\"> </span>Stage <span class=\"_ _3\"></span>2: <span class=\"_ _3\"></span>comprende <span class=\"_ _0\"></span>gli <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>finanziari <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>hanno <span class=\"_ _0\"></span>avuto <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>aumento <span class=\"_ _0\"></span>significativo <span class=\"_ _3\"></span>del </span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>credito <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>alla <span class=\"_ _a\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>rilevazi<span class=\"_ _0\"></span>one <span class=\"_ _5\"></span>iniziale, <span class=\"_ _5\"></span>ma <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>non <span class=\"_ _5\"></span>hanno <span class=\"_ _5\"></span>evidenze oggettive di<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>mpairment<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Per <span class=\"_ _0\"></span>tali a<span class=\"_ _0\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>riconosciute solo <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rdite <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>crediti <span class=\"_ _0\"></span>atte<span class=\"_ _0\"></span>se derivanti <span class=\"_ _17\"> </span>da <span class=\"_ _19\"> </span>t<span class=\"_ _1\"></span>utti <span class=\"_ _17\"></span>i <span class=\"_ _19\"> </span>possibili <span class=\"_ _17\"></span>eventi <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>default <span class=\"_ _19\"> </span>lungo <span class=\"_ _19\"> </span>l<span class=\"ff6\">\u2019intera <span class=\"_ _19\"> </span>vita <span class=\"_ _19\"> </span>attesa <span class=\"_ _19\"> </span>dello <span class=\"_ _17\"> </span>strumento </span>finanziario <span class=\"_ _2b\"></span>(<span class=\"_ _1\"></span>Lifetime<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ECL). <span class=\"_ _3\"></span>Gli <span class=\"_ _3\"></span>interessi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>degli <span class=\"_ _3\"></span>strumenti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>finanziari <span class=\"_ _3\"></span>compresi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>stage <span class=\"_ _3\"></span>2 <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> calcolati sul valore<span class=\"_ _0\"></span> contabile al<span class=\"_ _0\"></span> lordo delle eventual<span class=\"_ _0\"></span>i svalutazioni sull<span class=\"_ _0\"></span>\u2019asset;<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _33\"> </span>Stage <span class=\"_ _5\"></span>3: <span class=\"_ _5\"></span>comprende <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _4\"></span>finanziarie <span class=\"_ _a\"></span>che <span class=\"_ _4\"></span>hanno <span class=\"_ _5\"></span>evidenze <span class=\"_ _5\"></span>oggettive <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>impairment </span>alla <span class=\"_ _3\"></span>data di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>valutazione. <span class=\"_ _0\"></span>Per <span class=\"_ _3\"></span>tali <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>riconosci<span class=\"_ _0\"></span>ute <span class=\"_ _3\"></span>solo le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>perdi<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>su c<span class=\"_ _0\"></span>rediti <span class=\"_ _3\"></span>attese derivanti da tu<span class=\"_ _0\"></span>tti i possibili<span class=\"_ _0\"></span> eventi di default lungo l<span class=\"_ _0\"></span>\u2019intera vita at<span class=\"_ _0\"></span>tesa dello st<span class=\"_ _0\"></span>rumento.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__41": {
   "value": "Disponibilit\u00e0 l<span class=\"_ _0\"></span>iquide e mezzi<span class=\"_ _0\"></span> equivalenti<span class=\"_ _0\"></span>  Le <span class=\"_ _15\"> </span>disponibili<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _15\"> </span>liquide <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>m<span class=\"_ _1\"></span>ezzi <span class=\"_ _15\"> </span>equivalenti <span class=\"_ _6\"> </span>sono <span class=\"_ _15\"> </span>contabilizzate <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>fair <span class=\"_ _18\"> </span>value <span class=\"_ _6\"> </span>e comprendono <span class=\"_ _15\"> </span>i <span class=\"_ _18\"> </span>depositi <span class=\"_ _18\"> </span>bancari, <span class=\"_ _15\"> </span>il <span class=\"_ _18\"> </span>denaro <span class=\"_ _18\"> </span>in <span class=\"_ _15\"> </span>cassa <span class=\"_ _18\"> </span>e <span class=\"_ _18\"> </span>altri <span class=\"_ _15\"> </span>valori <span class=\"_ _18\"> </span>equivalen<span class=\"_ _0\"></span>ti <span class=\"_ _18\"> </span>nonch\u00e9 investimenti <span class=\"_ _14\"> </span>con <span class=\"_ _b\"> </span>scaden<span class=\"_ _0\"></span>ze <span class=\"_ _14\"> </span>entro <span class=\"_ _b\"> </span>tre <span class=\"_ _14\"> </span>mesi <span class=\"_ _b\"> </span>dal<span class=\"_ _0\"></span>la <span class=\"_ _b\"> </span>data <span class=\"_ _b\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>acquisto, <span class=\"_ _b\"> </span>ossia <span class=\"_ _14\"> </span>quei <span class=\"_ _14\"> </span>valori <span class=\"_ _b\"> </span>che<span class=\"_ _0\"></span> possiedono <span class=\"_ _17\"></span>i <span class=\"_ _17\"></span>requisiti <span class=\"_ _17\"> </span>della <span class=\"_ _17\"> </span>disponibilit\u00e0 <span class=\"_ _17\"> </span>a <span class=\"_ _19\"> </span>vista <span class=\"_ _17\"></span>o <span class=\"_ _19\"> </span>a <span class=\"_ _17\"> </span>brevissimo <span class=\"_ _17\"> </span>termine, <span class=\"_ _17\"> </span>del <span class=\"_ _19\"> </span>buon <span class=\"_ _17\"></span>esito <span class=\"_ _17\"> </span>e dell\u2019assenza<span class=\"_ _0\"></span> di spese per la riscossi<span class=\"_ _0\"></span>one<span class=\"ff2\">. </span>Le disponibil<span class=\"_ _0\"></span>it\u00e0 in valuta estera sono <span class=\"_ _0\"></span>valutate al <span class=\"_ _0\"></span>tasso di cambio di<span class=\"_ _0\"></span> fine anno<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__43": {
   "value": "Strumenti finanzia<span class=\"_ _0\"></span>ri derivat<span class=\"_ _0\"></span>i In <span class=\"_ _b\"> </span>linea <span class=\"_ _14\"> </span>con <span class=\"_ _14\"> </span>quanto <span class=\"_\"> </span>p<span class=\"_ _0\"></span>revisto <span class=\"_ _14\"> </span>dall\u2019IFRS <span class=\"_ _14\"> </span>9, <span class=\"_ _b\"> </span>il <span class=\"_ _14\"> </span>Gruppo <span class=\"_ _b\"> </span>ha <span class=\"_ _14\"> </span>deciso, <span class=\"_ _b\"> </span>in <span class=\"_ _14\"> </span>fase <span class=\"_ _14\"> </span>di <span class=\"_ _b\"> </span>prima applicazion<span class=\"_ _0\"></span>e, <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>avvalersi <span class=\"_ _2b\"></span>della <span class=\"_ _3\"></span>possibili<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>continuare <span class=\"_ _3\"></span>ad <span class=\"_ _2b\"></span>applicare <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>disp<span class=\"_ _0\"></span>osizioni <span class=\"_ _3\"></span><span class=\"ff6\">dell<span class=\"_ _0\"></span>\u2019<span class=\"ff7\">hedge </span></span>accounting<span class=\"ff2\"> <span class=\"_ _a\"></span>previste <span class=\"_ _a\"></span>dallo <span class=\"_ _a\"></span>IAS <span class=\"_ _a\"></span>39. <span class=\"_ _a\"></span>Pertanto <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>disposizioni <span class=\"_ _a\"></span>relative <span class=\"_ _a\"></span>agli <span class=\"_ _a\"></span>strumenti <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>inanziari<span class=\"_ _0\"></span> </span>derivati sono rim<span class=\"_ _0\"></span>aste invaria<span class=\"_ _0\"></span>te. Il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>util<span class=\"_ _0\"></span>izza <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>f<span class=\"_ _1\"></span>inanziari <span class=\"_ _5\"></span>derivati, <span class=\"_ _5\"></span>utilizzati <span class=\"_ _4\"></span>con <span class=\"_ _a\"></span>l\u2019intento <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>copertura,<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>al fine di ridurre<span class=\"_ _0\"></span> il rischio di cambi<span class=\"_ _0\"></span>o, di tasso e<span class=\"_ _0\"></span> di variazioni<span class=\"_ _0\"></span> nei prezzi di merc<span class=\"_ _0\"></span>ato. Tutti gli strumenti<span class=\"_ _0\"></span> finanzi<span class=\"_ _0\"></span>ari derivati sono valutati <span class=\"_ _0\"></span>e contabilizzati al <span class=\"ff7\">fair<span class=\"_ _0\"></span> value<span class=\"ff2\">. </span></span>Le <span class=\"_ _19\"> </span>operazioni <span class=\"_ _17\"> </span>che <span class=\"_ _19\"> </span>soddisfano <span class=\"_ _17\"> </span>i <span class=\"_ _19\"> </span>requisiti <span class=\"_ _17\"> </span>per <span class=\"_ _19\"> </span>l\u2019appli<span class=\"_ _0\"></span>cazione <span class=\"_ _17\"> </span>dell\u2019<span class=\"ffd\">\u201chedge <span class=\"_ _19\"> </span>account<span class=\"ff7\">ing</span>\u201d<span class=\"ff2\"> </span></span>sono <span class=\"_ _17\"> </span>classificate <span class=\"_ _17\"> </span>come <span class=\"_ _17\"></span>operazioni <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>copertura, <span class=\"_ _17\"></span>mentre <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>altre, <span class=\"_ _19\"> </span>anche <span class=\"_ _17\"></span>se <span class=\"_ _17\"> </span>finalizzate <span class=\"_ _19\"> </span>alla gestione <span class=\"_ _15\"> </span>dei <span class=\"_ _6\"> </span>r<span class=\"_ _1\"></span>ischi, <span class=\"_ _6\"> </span>sono <span class=\"_ _15\"> </span>designate <span class=\"_ _15\"> </span>come <span class=\"_ _6\"> </span>aventi <span class=\"_ _15\"> </span>scopo <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>negoziazione. <span class=\"_ _6\"> </span>Pertanto, <span class=\"_ _15\"> </span>in<span class=\"_ _0\"></span> conseguenza<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>della <span class=\"_ _16\"> </span>m<span class=\"_ _1\"></span>ancata<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>presenza, <span class=\"_ _16\"> </span>alla <span class=\"_ _14\"> </span>data <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>sottoscri<span class=\"_ _0\"></span>zione, <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>alcuni <span class=\"_ _16\"> </span>dei <span class=\"_ _14\"> </span>r<span class=\"_ _1\"></span>equisiti formali <span class=\"_ _4\"></span>richiesti <span class=\"_ _4\"></span>dagli <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>FRS, <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>variazioni <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span><span class=\"ff7\">fair <span class=\"_ _4\"></span>value</span> <span class=\"_ _4\"></span>relativo <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>tali <span class=\"_ _4\"></span>operazioni <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>strumenti<span class=\"_ _0\"></span> derivati sono rileva<span class=\"_ _0\"></span>te a conto econo<span class=\"_ _0\"></span>mico. Per <span class=\"_ _b\"> </span>gli <span class=\"_ _b\"> </span>strumenti <span class=\"_ _14\"> </span>derivati <span class=\"_ _b\"> </span>che <span class=\"_ _b\"> </span>soddisfano <span class=\"_ _b\"> </span>i <span class=\"_ _14\"> </span>requisiti <span class=\"_ _14\"> </span>per <span class=\"_\"> </span>essere <span class=\"_ _b\"> </span>classi<span class=\"_ _0\"></span>ficati <span class=\"_ _b\"> </span>come<span class=\"_ _0\"></span> strumenti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>copertura, <span class=\"_ _4\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>successi<span class=\"_ _0\"></span>ve <span class=\"_ _1\"></span>variazioni <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span><span class=\"ff7\">fair <span class=\"_ _1\"></span>value</span> <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>contabi<span class=\"_ _0\"></span>lizzate <span class=\"_ _1\"></span>seguendo gli specifici crite<span class=\"_ _0\"></span>ri di segui<span class=\"_ _0\"></span>to indicati.  Relativamente <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>iascun <span class=\"_ _1\"></span>strumento <span class=\"_ _1\"></span>finanziario <span class=\"_ _1\"></span>derivato <span class=\"_ _4\"></span>qualifi<span class=\"_ _0\"></span>cato <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>la <span class=\"_ _1\"></span>rilevazione come strumento di <span class=\"_ _1\"></span>copertura, \u00e8 documentata la <span class=\"_ _1\"></span>sua relazi<span class=\"_ _1\"></span><span class=\"ff6\">one con <span class=\"_ _1\"></span>l\u2019oggetto della copertura, </span>compresi gl<span class=\"_ _0\"></span>i obiettivi<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>gestione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>rischio, l<span class=\"_ _0\"></span>a str<span class=\"_ _0\"></span>ategia di <span class=\"_ _0\"></span>copertura<span class=\"_ _0\"></span> e i<span class=\"_ _0\"></span> m<span class=\"_ _0\"></span>etodi per <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>verifica<span class=\"_ _0\"></span> dell\u2019efficacia. <span class=\"_ _0\"></span>L\u2019efficacia <span class=\"_ _0\"></span>di ciascu<span class=\"_ _0\"></span>na copertura \u00e8 <span class=\"_ _3\"></span>verifica<span class=\"ff2\">ta sia al <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>di accensi<span class=\"_ _0\"></span>one, sia </span>durante <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>sua <span class=\"_ _1\"></span>vita. <span class=\"_ _1\"></span>Ge<span class=\"ff6\">neralmente <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>copertura <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>considerata <span class=\"_ _1\"></span>altamente <span class=\"_ _1\"></span>\u201cefficace\u201d <span class=\"_ _1\"></span>se, <span class=\"_ _1\"></span>sia </span>all\u2019inizi<span class=\"_ _0\"></span>o che durante la<span class=\"_ _0\"></span> sua vita<span class=\"_ _0\"></span>, i cambia<span class=\"_ _0\"></span>menti de<span class=\"_ _0\"></span>l <span class=\"ff7\">fair value <span class=\"ff2\">(</span>fair <span class=\"_ _0\"></span>value hed<span class=\"_ _0\"></span>ge<span class=\"ff2\">) o dei <span class=\"_ _0\"></span>flussi di<span class=\"_ _0\"></span> </span></span>cassa <span class=\"_\"> </span>attesi <span class=\"_\"> </span>nel <span class=\"_\"> </span>futuro <span class=\"_\"> </span>(<span class=\"ff7\">cash <span class=\"_ _6\"> </span>flow <span class=\"_\"> </span>hedge<span class=\"ff6\">) <span class=\"_\"> </span>dell\u2019elemento <span class=\"_\"> </span>coperto <span class=\"_\"> </span>sono <span class=\"_\"> </span>sostanzialment<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </span></span>compensati dai ca<span class=\"_ _0\"></span>mbiamenti del<span class=\"_ _0\"></span> <span class=\"ff7\">fair value</span> dello st<span class=\"_ _0\"></span>rumento di coper<span class=\"_ _0\"></span>tura. Quando la <span class=\"_ _0\"></span>copertura <span class=\"_ _0\"></span>rigu<span class=\"_ _0\"></span>arda le va<span class=\"_ _0\"></span>riazioni<span class=\"_ _0\"></span> di <span class=\"ff7\">fair <span class=\"_ _0\"></span>value<span class=\"ff2\"> <span class=\"_ _0\"></span>di attivit\u00e0<span class=\"_ _0\"></span> o pas<span class=\"_ _0\"></span>sivit\u00e0 <span class=\"_ _0\"></span>iscritte i<span class=\"_ _0\"></span>n </span></span>bilancio (<span class=\"ff7\">fair value hedge</span>), sia <span class=\"_ _1\"></span>le variazioni del <span class=\"ff7\">f<span class=\"_ _1\"></span>air value</span> dello strumento di copertura, sia <span class=\"_ _1\"></span>le<span class=\"_ _0\"></span> variazioni dell<span class=\"_ _0\"></span>\u2019oggetto dell<span class=\"_ _0\"></span>a copertura sono impu<span class=\"_ _0\"></span>tate al conto<span class=\"_ _0\"></span> economico.<span class=\"ff2\"> </span>Nel <span class=\"_ _a\"></span>caso <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>copertura <span class=\"_ _a\"></span>finalizzate <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>neutralizzare <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>rischio <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>variazioni<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>nei <span class=\"_ _a\"></span>flussi <span class=\"_ _a\"></span>di cassa <span class=\"_ _19\"> </span>originati<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>dall\u2019esecuzion<span class=\"_ _0\"></span>e <span class=\"_ _19\"> </span>futura <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>obbligazioni <span class=\"_ _17\"> </span>contrattualmente <span class=\"_ _17\"> </span>definite <span class=\"_ _17\"> </span>alla da<span class=\"ls0\">ta <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>iferimento<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>del <span class=\"_ _17\"></span>bilan<span class=\"_ _0\"></span>cio <span class=\"_ _a\"></span>(<span class=\"_ _1\"></span><span class=\"ff7\">cash <span class=\"_ _a\"></span>flow <span class=\"_ _a\"></span>hedge</span>), <span class=\"_ _a\"></span>le <span class=\"_ _17\"></span>variazioni <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span><span class=\"ff7\">fair <span class=\"_ _17\"></span>value</span> <span class=\"_ _a\"></span>dello </span>strumento <span class=\"_ _1b\"> </span>derivato <span class=\"_ _1b\"> </span>registrate <span class=\"_ _1b\"> </span>successivamen<span class=\"_ _0\"></span>te <span class=\"_ _1b\"> </span>alla <span class=\"_ _30\"> </span>prima <span class=\"_ _1b\"> </span>rilevazione <span class=\"_ _1b\"> </span>sono contabilizzate, <span class=\"_ _15\"> </span>limitatamente <span class=\"_ _18\"> </span>alla <span class=\"_ _18\"> </span>sola <span class=\"_ _18\"> </span>quota <span class=\"_ _18\"> </span>efficace, <span class=\"_ _18\"> </span>nella<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>voce <span class=\"_ _18\"> </span>\u201c<span class=\"_ _1\"></span>Riserve\u201d<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>del patrimonio <span class=\"_ _2\"> </span>ne<span class=\"_ _0\"></span>tto, <span class=\"_ _2\"> </span>economico <span class=\"_ _9\"> </span>complessivo<span class=\"ls9\">. <span class=\"_ _9\"> </span></span>Quando <span class=\"_ _2\"> </span>si <span class=\"_ _2\"> </span>manifes<span class=\"_ _0\"></span>tano <span class=\"_ _2\"> </span>gl<span class=\"_ _0\"></span>i <span class=\"_ _2\"> </span>effetti economici <span class=\"_ _15\"> </span>originati <span class=\"_ _6\"> </span>dall\u2019oggetto <span class=\"_ _15\"> </span>della <span class=\"_ _15\"> </span>copertura<span class=\"_ _0\"></span>, <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>riserva <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _18\"> </span>riversata<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>Conto Economico fra<span class=\"_ _0\"></span> le compone<span class=\"_ _0\"></span>nti finanziarie<span class=\"ls3\">. </span>Qualora la cope<span class=\"_ _0\"></span>rtura non<span class=\"_ _0\"></span> sia perfetta<span class=\"_ _0\"></span>mente<span class=\"_ _0\"></span> efficace, <span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>variazione <span class=\"_ _3\"></span>di <span class=\"ff7\">fair <span class=\"_ _3\"></span>value<span class=\"ff2\"> del<span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>di copertura,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>riferibil<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>porzione<span class=\"_ _0\"></span> </span></span>inefficace <span class=\"_ _0\"></span>dello <span class=\"_ _0\"></span>stesso, <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>immediata<span class=\"_ _0\"></span>mente <span class=\"_ _0\"></span>rilevata <span class=\"_ _3\"></span>a conto econo<span class=\"_ _0\"></span>mico. <span class=\"_ _0\"></span>Se, <span class=\"_ _3\"></span>durant<span class=\"_ _1\"></span>e l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> vita <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>uno <span class=\"_ _a\"></span>strumen<span class=\"_ _0\"></span>to <span class=\"_ _a\"></span>derivato, <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>manifestarsi <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>flussi<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>cassa <span class=\"_ _a\"></span>previsti<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>oggetto<span class=\"_ _0\"></span> della <span class=\"_ _b\"> </span>copertura <span class=\"_ _b\"> </span>non <span class=\"_\"> </span>\u00e8 <span class=\"_ _14\"> </span>pi\u00f9 <span class=\"_\"> </span>considerato <span class=\"_ _b\"> </span>altamen<span class=\"_ _0\"></span>te <span class=\"_\"> </span>probabile, <span class=\"_ _b\"> </span>la <span class=\"_\"> </span>quo<span class=\"_ _0\"></span>ta <span class=\"_ _b\"> </span>della <span class=\"_ _b\"> </span>voce<span class=\"_ _0\"></span> \u201cRiserve\u201d <span class=\"_ _1e\"> </span>relativa<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>tal<span class=\"_ _0\"></span>e <span class=\"_ _1e\"> </span>strumento<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>viene <span class=\"_ _1e\"> </span>im<span class=\"_ _0\"></span>mediatamente <span class=\"_ _18\"> </span>riversata <span class=\"_ _1e\"> </span>nel <span class=\"_ _1e\"> </span>con<span class=\"_ _0\"></span>to economico dell\u2019<span class=\"_ _0\"></span>esercizio. Viceve<span class=\"_ _0\"></span>rsa, nel caso lo strumen<span class=\"_ _0\"></span>to derivato sia c<span class=\"_ _0\"></span>eduto o non sia <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _2b\"></span>qualificabile <span class=\"_ _3\"></span>come <span class=\"_ _2b\"></span>strumento <span class=\"_ _3\"></span>di <span class=\"_ _2b\"></span>copertura <span class=\"_ _3\"></span>efficace,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span><span class=\"ff6\">parte <span class=\"_ _2b\"></span>della <span class=\"_ _3\"></span>voce <span class=\"_ _3\"></span>\u201cRiserve<span class=\"_ _0\"></span>\u201d </span>rappresentativa<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>variazioni <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span><span class=\"ff7\">f<span class=\"_ _1\"></span>air <span class=\"_ _14\"> </span>value</span> <span class=\"_ _14\"> </span>dello <span class=\"_ _14\"> </span>strumento, <span class=\"_ _14\"> </span>sino <span class=\"_ _14\"> </span>a <span class=\"_ _14\"> </span>quel <span class=\"_ _14\"> </span>momento rilevata, <span class=\"_ _a\"></span>viene <span class=\"_ _a\"></span>mantenuta <span class=\"_ _a\"></span>quale <span class=\"_ _a\"></span>componen<span class=\"_ _0\"></span>te <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>patrimonio <span class=\"_ _a\"></span>netto <span class=\"_ _a\"></span>ed <span class=\"_ _17\"></span>\u00e8 <span class=\"_ _a\"></span>riversata <span class=\"_ _a\"></span>a conto <span class=\"_ _2c\"> </span>economico <span class=\"_ _2c\"> </span>seg<span class=\"_ _0\"></span>uendo <span class=\"_ _2c\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _2c\"> </span>criterio <span class=\"_ _2c\"> </span>di <span class=\"_ _2c\"> </span>classi<span class=\"_ _0\"></span>ficazione <span class=\"_ _2c\"> </span>sop<span class=\"_ _0\"></span>ra <span class=\"_ _2c\"> </span>descritto, contestualmente<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>al <span class=\"_ _9\"> </span>manifestarsi <span class=\"_ _2\"> </span>del<span class=\"_ _0\"></span>l\u2019operazione <span class=\"_ _9\"> </span>originariamente <span class=\"_ _2\"> </span>ogg<span class=\"_ _0\"></span>etto <span class=\"_ _2\"> </span>del<span class=\"_ _0\"></span>la copertura. Nel determinare<span class=\"_ _0\"></span> il <span class=\"ff7\">fair value<span class=\"_ _0\"></span><span class=\"ff2\"> degli strumenti<span class=\"_ _0\"></span> finanzi<span class=\"_ _0\"></span>ari sono state<span class=\"_ _0\"></span> utilizzate tecni<span class=\"_ _0\"></span>che di </span></span>pricing<span class=\"ff2\"> <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>fine <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>determinare <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>attuale <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>uturi <span class=\"_ _4\"></span>agli <span class=\"_ _5\"></span>stessi <span class=\"_ _5\"></span>attribuibil<span class=\"_ _0\"></span>i </span>mediante <span class=\"_ _4\"></span>l\u2019utilizzo <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>curve <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>mercato <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>alla <span class=\"_ _4\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valutazione. <span class=\"_ _4\"></span>\u00c8 <span class=\"_ _5\"></span>stata <span class=\"_ _4\"></span>inoltre valorizzata <span class=\"_ _a\"></span>la <span class=\"_ _17\"> </span>componente <span class=\"_ _17\"></span>relativa <span class=\"_ _17\"></span>al <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>ischio <span class=\"_ _a\"></span>inadempimento <span class=\"_ _a\"></span>(proprio <span class=\"_ _17\"></span>e <span class=\"_ _a\"></span>della <span class=\"_ _17\"></span>controparte) utilizzando una <span class=\"_ _0\"></span>metodologia deno<span class=\"_ _0\"></span>minata <span class=\"ff7\">spreadded curve<span class=\"_ _0\"></span><span class=\"ff2\">. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__42": {
   "value": "Strumenti finanzia<span class=\"_ _0\"></span>ri derivat<span class=\"_ _0\"></span>i In <span class=\"_ _b\"> </span>linea <span class=\"_ _14\"> </span>con <span class=\"_ _14\"> </span>quanto <span class=\"_\"> </span>p<span class=\"_ _0\"></span>revisto <span class=\"_ _14\"> </span>dall\u2019IFRS <span class=\"_ _14\"> </span>9, <span class=\"_ _b\"> </span>il <span class=\"_ _14\"> </span>Gruppo <span class=\"_ _b\"> </span>ha <span class=\"_ _14\"> </span>deciso, <span class=\"_ _b\"> </span>in <span class=\"_ _14\"> </span>fase <span class=\"_ _14\"> </span>di <span class=\"_ _b\"> </span>prima applicazion<span class=\"_ _0\"></span>e, <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>avvalersi <span class=\"_ _2b\"></span>della <span class=\"_ _3\"></span>possibili<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>continuare <span class=\"_ _3\"></span>ad <span class=\"_ _2b\"></span>applicare <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>disp<span class=\"_ _0\"></span>osizioni <span class=\"_ _3\"></span><span class=\"ff6\">dell<span class=\"_ _0\"></span>\u2019<span class=\"ff7\">hedge </span></span>accounting<span class=\"ff2\"> <span class=\"_ _a\"></span>previste <span class=\"_ _a\"></span>dallo <span class=\"_ _a\"></span>IAS <span class=\"_ _a\"></span>39. <span class=\"_ _a\"></span>Pertanto <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>disposizioni <span class=\"_ _a\"></span>relative <span class=\"_ _a\"></span>agli <span class=\"_ _a\"></span>strumenti <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>inanziari<span class=\"_ _0\"></span> </span>derivati sono rim<span class=\"_ _0\"></span>aste invaria<span class=\"_ _0\"></span>te. Il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>util<span class=\"_ _0\"></span>izza <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>f<span class=\"_ _1\"></span>inanziari <span class=\"_ _5\"></span>derivati, <span class=\"_ _5\"></span>utilizzati <span class=\"_ _4\"></span>con <span class=\"_ _a\"></span>l\u2019intento <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>copertura,<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>al fine di ridurre<span class=\"_ _0\"></span> il rischio di cambi<span class=\"_ _0\"></span>o, di tasso e<span class=\"_ _0\"></span> di variazioni<span class=\"_ _0\"></span> nei prezzi di merc<span class=\"_ _0\"></span>ato. Tutti gli strumenti<span class=\"_ _0\"></span> finanzi<span class=\"_ _0\"></span>ari derivati sono valutati <span class=\"_ _0\"></span>e contabilizzati al <span class=\"ff7\">fair<span class=\"_ _0\"></span> value<span class=\"ff2\">. </span></span>Le <span class=\"_ _19\"> </span>operazioni <span class=\"_ _17\"> </span>che <span class=\"_ _19\"> </span>soddisfano <span class=\"_ _17\"> </span>i <span class=\"_ _19\"> </span>requisiti <span class=\"_ _17\"> </span>per <span class=\"_ _19\"> </span>l\u2019appli<span class=\"_ _0\"></span>cazione <span class=\"_ _17\"> </span>dell\u2019<span class=\"ffd\">\u201chedge <span class=\"_ _19\"> </span>account<span class=\"ff7\">ing</span>\u201d<span class=\"ff2\"> </span></span>sono <span class=\"_ _17\"> </span>classificate <span class=\"_ _17\"> </span>come <span class=\"_ _17\"></span>operazioni <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>copertura, <span class=\"_ _17\"></span>mentre <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>altre, <span class=\"_ _19\"> </span>anche <span class=\"_ _17\"></span>se <span class=\"_ _17\"> </span>finalizzate <span class=\"_ _19\"> </span>alla gestione <span class=\"_ _15\"> </span>dei <span class=\"_ _6\"> </span>r<span class=\"_ _1\"></span>ischi, <span class=\"_ _6\"> </span>sono <span class=\"_ _15\"> </span>designate <span class=\"_ _15\"> </span>come <span class=\"_ _6\"> </span>aventi <span class=\"_ _15\"> </span>scopo <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>negoziazione. <span class=\"_ _6\"> </span>Pertanto, <span class=\"_ _15\"> </span>in<span class=\"_ _0\"></span> conseguenza<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>della <span class=\"_ _16\"> </span>m<span class=\"_ _1\"></span>ancata<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>presenza, <span class=\"_ _16\"> </span>alla <span class=\"_ _14\"> </span>data <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>sottoscri<span class=\"_ _0\"></span>zione, <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>alcuni <span class=\"_ _16\"> </span>dei <span class=\"_ _14\"> </span>r<span class=\"_ _1\"></span>equisiti formali <span class=\"_ _4\"></span>richiesti <span class=\"_ _4\"></span>dagli <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>FRS, <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>variazioni <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span><span class=\"ff7\">fair <span class=\"_ _4\"></span>value</span> <span class=\"_ _4\"></span>relativo <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>tali <span class=\"_ _4\"></span>operazioni <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>strumenti<span class=\"_ _0\"></span> derivati sono rileva<span class=\"_ _0\"></span>te a conto econo<span class=\"_ _0\"></span>mico. Per <span class=\"_ _b\"> </span>gli <span class=\"_ _b\"> </span>strumenti <span class=\"_ _14\"> </span>derivati <span class=\"_ _b\"> </span>che <span class=\"_ _b\"> </span>soddisfano <span class=\"_ _b\"> </span>i <span class=\"_ _14\"> </span>requisiti <span class=\"_ _14\"> </span>per <span class=\"_\"> </span>essere <span class=\"_ _b\"> </span>classi<span class=\"_ _0\"></span>ficati <span class=\"_ _b\"> </span>come<span class=\"_ _0\"></span> strumenti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>copertura, <span class=\"_ _4\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>successi<span class=\"_ _0\"></span>ve <span class=\"_ _1\"></span>variazioni <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span><span class=\"ff7\">fair <span class=\"_ _1\"></span>value</span> <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>contabi<span class=\"_ _0\"></span>lizzate <span class=\"_ _1\"></span>seguendo gli specifici crite<span class=\"_ _0\"></span>ri di segui<span class=\"_ _0\"></span>to indicati.  Relativamente <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>iascun <span class=\"_ _1\"></span>strumento <span class=\"_ _1\"></span>finanziario <span class=\"_ _1\"></span>derivato <span class=\"_ _4\"></span>qualifi<span class=\"_ _0\"></span>cato <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>la <span class=\"_ _1\"></span>rilevazione come strumento di <span class=\"_ _1\"></span>copertura, \u00e8 documentata la <span class=\"_ _1\"></span>sua relazi<span class=\"_ _1\"></span><span class=\"ff6\">one con <span class=\"_ _1\"></span>l\u2019oggetto della copertura, </span>compresi gl<span class=\"_ _0\"></span>i obiettivi<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>gestione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>rischio, l<span class=\"_ _0\"></span>a str<span class=\"_ _0\"></span>ategia di <span class=\"_ _0\"></span>copertura<span class=\"_ _0\"></span> e i<span class=\"_ _0\"></span> m<span class=\"_ _0\"></span>etodi per <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>verifica<span class=\"_ _0\"></span> dell\u2019efficacia. <span class=\"_ _0\"></span>L\u2019efficacia <span class=\"_ _0\"></span>di ciascu<span class=\"_ _0\"></span>na copertura \u00e8 <span class=\"_ _3\"></span>verifica<span class=\"ff2\">ta sia al <span class=\"_ _0\"></span>momento <span class=\"_ _0\"></span>di accensi<span class=\"_ _0\"></span>one, sia </span>durante <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>sua <span class=\"_ _1\"></span>vita. <span class=\"_ _1\"></span>Ge<span class=\"ff6\">neralmente <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>copertura <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>considerata <span class=\"_ _1\"></span>altamente <span class=\"_ _1\"></span>\u201cefficace\u201d <span class=\"_ _1\"></span>se, <span class=\"_ _1\"></span>sia </span>all\u2019inizi<span class=\"_ _0\"></span>o che durante la<span class=\"_ _0\"></span> sua vita<span class=\"_ _0\"></span>, i cambia<span class=\"_ _0\"></span>menti de<span class=\"_ _0\"></span>l <span class=\"ff7\">fair value <span class=\"ff2\">(</span>fair <span class=\"_ _0\"></span>value hed<span class=\"_ _0\"></span>ge<span class=\"ff2\">) o dei <span class=\"_ _0\"></span>flussi di<span class=\"_ _0\"></span> </span></span>cassa <span class=\"_\"> </span>attesi <span class=\"_\"> </span>nel <span class=\"_\"> </span>futuro <span class=\"_\"> </span>(<span class=\"ff7\">cash <span class=\"_ _6\"> </span>flow <span class=\"_\"> </span>hedge<span class=\"ff6\">) <span class=\"_\"> </span>dell\u2019elemento <span class=\"_\"> </span>coperto <span class=\"_\"> </span>sono <span class=\"_\"> </span>sostanzialment<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </span></span>compensati dai ca<span class=\"_ _0\"></span>mbiamenti del<span class=\"_ _0\"></span> <span class=\"ff7\">fair value</span> dello st<span class=\"_ _0\"></span>rumento di coper<span class=\"_ _0\"></span>tura. Quando la <span class=\"_ _0\"></span>copertura <span class=\"_ _0\"></span>rigu<span class=\"_ _0\"></span>arda le va<span class=\"_ _0\"></span>riazioni<span class=\"_ _0\"></span> di <span class=\"ff7\">fair <span class=\"_ _0\"></span>value<span class=\"ff2\"> <span class=\"_ _0\"></span>di attivit\u00e0<span class=\"_ _0\"></span> o pas<span class=\"_ _0\"></span>sivit\u00e0 <span class=\"_ _0\"></span>iscritte i<span class=\"_ _0\"></span>n </span></span>bilancio (<span class=\"ff7\">fair value hedge</span>), sia <span class=\"_ _1\"></span>le variazioni del <span class=\"ff7\">f<span class=\"_ _1\"></span>air value</span> dello strumento di copertura, sia <span class=\"_ _1\"></span>le<span class=\"_ _0\"></span> variazioni dell<span class=\"_ _0\"></span>\u2019oggetto dell<span class=\"_ _0\"></span>a copertura sono impu<span class=\"_ _0\"></span>tate al conto<span class=\"_ _0\"></span> economico.<span class=\"ff2\"> </span>Nel <span class=\"_ _a\"></span>caso <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>copertura <span class=\"_ _a\"></span>finalizzate <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>neutralizzare <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>rischio <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>variazioni<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>nei <span class=\"_ _a\"></span>flussi <span class=\"_ _a\"></span>di cassa <span class=\"_ _19\"> </span>originati<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>dall\u2019esecuzion<span class=\"_ _0\"></span>e <span class=\"_ _19\"> </span>futura <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>obbligazioni <span class=\"_ _17\"> </span>contrattualmente <span class=\"_ _17\"> </span>definite <span class=\"_ _17\"> </span>alla da<span class=\"ls0\">ta <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>iferimento<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>del <span class=\"_ _17\"></span>bilan<span class=\"_ _0\"></span>cio <span class=\"_ _a\"></span>(<span class=\"_ _1\"></span><span class=\"ff7\">cash <span class=\"_ _a\"></span>flow <span class=\"_ _a\"></span>hedge</span>), <span class=\"_ _a\"></span>le <span class=\"_ _17\"></span>variazioni <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span><span class=\"ff7\">fair <span class=\"_ _17\"></span>value</span> <span class=\"_ _a\"></span>dello </span>strumento <span class=\"_ _1b\"> </span>derivato <span class=\"_ _1b\"> </span>registrate <span class=\"_ _1b\"> </span>successivamen<span class=\"_ _0\"></span>te <span class=\"_ _1b\"> </span>alla <span class=\"_ _30\"> </span>prima <span class=\"_ _1b\"> </span>rilevazione <span class=\"_ _1b\"> </span>sono contabilizzate, <span class=\"_ _15\"> </span>limitatamente <span class=\"_ _18\"> </span>alla <span class=\"_ _18\"> </span>sola <span class=\"_ _18\"> </span>quota <span class=\"_ _18\"> </span>efficace, <span class=\"_ _18\"> </span>nella<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>voce <span class=\"_ _18\"> </span>\u201c<span class=\"_ _1\"></span>Riserve\u201d<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>del patrimonio <span class=\"_ _2\"> </span>ne<span class=\"_ _0\"></span>tto, <span class=\"_ _2\"> </span>economico <span class=\"_ _9\"> </span>complessivo<span class=\"ls9\">. <span class=\"_ _9\"> </span></span>Quando <span class=\"_ _2\"> </span>si <span class=\"_ _2\"> </span>manifes<span class=\"_ _0\"></span>tano <span class=\"_ _2\"> </span>gl<span class=\"_ _0\"></span>i <span class=\"_ _2\"> </span>effetti economici <span class=\"_ _15\"> </span>originati <span class=\"_ _6\"> </span>dall\u2019oggetto <span class=\"_ _15\"> </span>della <span class=\"_ _15\"> </span>copertura<span class=\"_ _0\"></span>, <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>riserva <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _18\"> </span>riversata<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>Conto Economico fra<span class=\"_ _0\"></span> le compone<span class=\"_ _0\"></span>nti finanziarie<span class=\"ls3\">. </span>Qualora la cope<span class=\"_ _0\"></span>rtura non<span class=\"_ _0\"></span> sia perfetta<span class=\"_ _0\"></span>mente<span class=\"_ _0\"></span> efficace, <span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>variazione <span class=\"_ _3\"></span>di <span class=\"ff7\">fair <span class=\"_ _3\"></span>value<span class=\"ff2\"> del<span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>strumen<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>di copertura,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>riferibil<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>porzione<span class=\"_ _0\"></span> </span></span>inefficace <span class=\"_ _0\"></span>dello <span class=\"_ _0\"></span>stesso, <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>immediata<span class=\"_ _0\"></span>mente <span class=\"_ _0\"></span>rilevata <span class=\"_ _3\"></span>a conto econo<span class=\"_ _0\"></span>mico. <span class=\"_ _0\"></span>Se, <span class=\"_ _3\"></span>durant<span class=\"_ _1\"></span>e l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> vita <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>uno <span class=\"_ _a\"></span>strumen<span class=\"_ _0\"></span>to <span class=\"_ _a\"></span>derivato, <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>manifestarsi <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>flussi<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>cassa <span class=\"_ _a\"></span>previsti<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>oggetto<span class=\"_ _0\"></span> della <span class=\"_ _b\"> </span>copertura <span class=\"_ _b\"> </span>non <span class=\"_\"> </span>\u00e8 <span class=\"_ _14\"> </span>pi\u00f9 <span class=\"_\"> </span>considerato <span class=\"_ _b\"> </span>altamen<span class=\"_ _0\"></span>te <span class=\"_\"> </span>probabile, <span class=\"_ _b\"> </span>la <span class=\"_\"> </span>quo<span class=\"_ _0\"></span>ta <span class=\"_ _b\"> </span>della <span class=\"_ _b\"> </span>voce<span class=\"_ _0\"></span> \u201cRiserve\u201d <span class=\"_ _1e\"> </span>relativa<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>a <span class=\"_ _1e\"> </span>tal<span class=\"_ _0\"></span>e <span class=\"_ _1e\"> </span>strumento<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>viene <span class=\"_ _1e\"> </span>im<span class=\"_ _0\"></span>mediatamente <span class=\"_ _18\"> </span>riversata <span class=\"_ _1e\"> </span>nel <span class=\"_ _1e\"> </span>con<span class=\"_ _0\"></span>to economico dell\u2019<span class=\"_ _0\"></span>esercizio. Viceve<span class=\"_ _0\"></span>rsa, nel caso lo strumen<span class=\"_ _0\"></span>to derivato sia c<span class=\"_ _0\"></span>eduto o non sia <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _2b\"></span>qualificabile <span class=\"_ _3\"></span>come <span class=\"_ _2b\"></span>strumento <span class=\"_ _3\"></span>di <span class=\"_ _2b\"></span>copertura <span class=\"_ _3\"></span>efficace,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span><span class=\"ff6\">parte <span class=\"_ _2b\"></span>della <span class=\"_ _3\"></span>voce <span class=\"_ _3\"></span>\u201cRiserve<span class=\"_ _0\"></span>\u201d </span>rappresentativa<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>variazioni <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span><span class=\"ff7\">f<span class=\"_ _1\"></span>air <span class=\"_ _14\"> </span>value</span> <span class=\"_ _14\"> </span>dello <span class=\"_ _14\"> </span>strumento, <span class=\"_ _14\"> </span>sino <span class=\"_ _14\"> </span>a <span class=\"_ _14\"> </span>quel <span class=\"_ _14\"> </span>momento rilevata, <span class=\"_ _a\"></span>viene <span class=\"_ _a\"></span>mantenuta <span class=\"_ _a\"></span>quale <span class=\"_ _a\"></span>componen<span class=\"_ _0\"></span>te <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>patrimonio <span class=\"_ _a\"></span>netto <span class=\"_ _a\"></span>ed <span class=\"_ _17\"></span>\u00e8 <span class=\"_ _a\"></span>riversata <span class=\"_ _a\"></span>a conto <span class=\"_ _2c\"> </span>economico <span class=\"_ _2c\"> </span>seg<span class=\"_ _0\"></span>uendo <span class=\"_ _2c\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _2c\"> </span>criterio <span class=\"_ _2c\"> </span>di <span class=\"_ _2c\"> </span>classi<span class=\"_ _0\"></span>ficazione <span class=\"_ _2c\"> </span>sop<span class=\"_ _0\"></span>ra <span class=\"_ _2c\"> </span>descritto, contestualmente<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>al <span class=\"_ _9\"> </span>manifestarsi <span class=\"_ _2\"> </span>del<span class=\"_ _0\"></span>l\u2019operazione <span class=\"_ _9\"> </span>originariamente <span class=\"_ _2\"> </span>ogg<span class=\"_ _0\"></span>etto <span class=\"_ _2\"> </span>del<span class=\"_ _0\"></span>la copertura. Nel determinare<span class=\"_ _0\"></span> il <span class=\"ff7\">fair value<span class=\"_ _0\"></span><span class=\"ff2\"> degli strumenti<span class=\"_ _0\"></span> finanzi<span class=\"_ _0\"></span>ari sono state<span class=\"_ _0\"></span> utilizzate tecni<span class=\"_ _0\"></span>che di </span></span>pricing<span class=\"ff2\"> <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>fine <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>determinare <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>attuale <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>uturi <span class=\"_ _4\"></span>agli <span class=\"_ _5\"></span>stessi <span class=\"_ _5\"></span>attribuibil<span class=\"_ _0\"></span>i </span>mediante <span class=\"_ _4\"></span>l\u2019utilizzo <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>curve <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>mercato <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>alla <span class=\"_ _4\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valutazione. <span class=\"_ _4\"></span>\u00c8 <span class=\"_ _5\"></span>stata <span class=\"_ _4\"></span>inoltre valorizzata <span class=\"_ _a\"></span>la <span class=\"_ _17\"> </span>componente <span class=\"_ _17\"></span>relativa <span class=\"_ _17\"></span>al <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>ischio <span class=\"_ _a\"></span>inadempimento <span class=\"_ _a\"></span>(proprio <span class=\"_ _17\"></span>e <span class=\"_ _a\"></span>della <span class=\"_ _17\"></span>controparte) utilizzando una <span class=\"_ _0\"></span>metodologia deno<span class=\"_ _0\"></span>minata <span class=\"ff7\">spreadded curve<span class=\"_ _0\"></span><span class=\"ff2\">. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__45": {
   "value": "Livelli gerarchici<span class=\"_ _0\"></span> di valutazione<span class=\"_ _0\"></span> del fair<span class=\"_ _0\"></span> value In <span class=\"_ _1\"></span>relazione <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _1\"></span>finanziarie<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>rilevate <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span>Situazione Patrimoniale-Finanziaria al <span class=\"_ _1\"></span><span class=\"ff7\">fair <span class=\"_ _1\"></span>value<span class=\"ff6\">, <span class=\"_ _1\"></span>l\u2019IFRS 13 <span class=\"_ _1\"></span>richiede <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>tali valori <span class=\"_ _1\"></span>siano <span class=\"_ _1\"></span>classificati sulla <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>una<span class=\"_ _0\"></span> </span></span>gerarchia <span class=\"_ _3\"></span>di l<span class=\"_ _0\"></span>ivelli <span class=\"_ _3\"></span>che <span class=\"_ _0\"></span>rifletta <span class=\"_ _3\"></span>la <span class=\"_ _0\"></span>signi<span class=\"_ _0\"></span>ficativit\u00e0 <span class=\"_ _3\"></span>degli <span class=\"_ _0\"></span>input <span class=\"_ _3\"></span>utilizzati <span class=\"_ _0\"></span>nell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>nazione <span class=\"_ _3\"></span>del <span class=\"ff7\">fair<span class=\"_ _0\"></span> </span>value<span class=\"ff2\">. Si distinguono<span class=\"_ _0\"></span> i seguen<span class=\"_ _0\"></span>ti livelli<span class=\"_ _0\"></span>: </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Livello <span class=\"_ _1\"></span>1: <span class=\"_ _1\"></span>determinazione del <span class=\"_ _1\"></span><span class=\"ff7\">f<span class=\"_ _1\"></span>air value</span> <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>base a <span class=\"_ _1\"></span>prezzi <span class=\"_ _1\"></span>quotati <span class=\"_ _1\"></span>in m<span class=\"_ _1\"></span>ercati attivi <span class=\"_ _1\"></span>per </span></span>le <span class=\"_\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>per <span class=\"_\"> </span>l<span class=\"_ _0\"></span>e <span class=\"_\"> </span>passi<span class=\"_ _0\"></span>vit\u00e0 <span class=\"_\"> </span>ide<span class=\"_ _0\"></span>ntiche <span class=\"_\"> </span><span class=\"ff6\">a<span class=\"_ _0\"></span> <span class=\"_\"> </span>cui <span class=\"_ _b\"> </span>l\u2019<span class=\"_ _0\"></span>entit\u00e0 <span class=\"_\"> </span>pu<span class=\"_ _0\"></span>\u00f2 <span class=\"_ _b\"> </span>accedere <span class=\"_ _14\"> </span>alla <span class=\"_\"> </span>data <span class=\"_ _b\"> </span>di<span class=\"_ _0\"></span> </span>valutazione; \u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Livello <span class=\"_ _3\"></span>2: <span class=\"_ _3\"></span>deter<span class=\"_ _0\"></span>minazione <span class=\"_ _2b\"></span>del<span class=\"ff7\"> <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>value <span class=\"_ _2b\"></span><span class=\"ff2\">in <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>a <span class=\"_ _2b\"></span>input <span class=\"_ _3\"></span>diversi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>da <span class=\"_ _2b\"></span>prezzi <span class=\"_ _3\"></span>quotati <span class=\"_ _2b\"></span>inclusi </span></span></span></span>nel <span class=\"_\"> </span>\u201cLivello <span class=\"_\"> </span>1\u201d <span class=\"_\"> </span>ma <span class=\"_\"> </span>che<span class=\"_ _0\"></span> <span class=\"_\"> </span>sono <span class=\"_\"> </span>osservabili<span class=\"_ _0\"></span> <span class=\"_\"> </span>direttamente <span class=\"_\"> </span>(prezzi) <span class=\"_\"> </span>o<span class=\"_ _0\"></span> <span class=\"_\"> </span>indirettamente<span class=\"_ _3\"></span> (derivati dai prezzi<span class=\"_ _0\"></span>) per le attivi<span class=\"_ _0\"></span>t\u00e0 o per le passivi<span class=\"_ _0\"></span>t\u00e0; \u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Livello <span class=\"_ _4\"></span>3: <span class=\"_ _4\"></span>determ<span class=\"_ _1\"></span>inazion<span class=\"_ _0\"></span>e <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span><span class=\"ff7\">f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>value</span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>modelli <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>valutazione <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>input </span></span>non sono osservabil<span class=\"_ _0\"></span>i per le attivit\u00e0<span class=\"_ _0\"></span> o per le<span class=\"_ _0\"></span> passivit\u00e0. Per l<span class=\"_ _0\"></span>\u2019identificazion<span class=\"_ _0\"></span>e del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>livell<span class=\"_ _0\"></span>o gerar<span class=\"_ _0\"></span>chico <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valuta<span class=\"_ _0\"></span>zione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span><span class=\"ff7 ls9\">fa<span class=\"ls0\">ir<span class=\"_ _0\"></span> val<span class=\"_ _0\"></span>ue,<span class=\"ff2\"> <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>rinvi<span class=\"_ _0\"></span>a al<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>note<span class=\"_ _0\"></span> </span></span></span>relative alle attivi<span class=\"_ _0\"></span>t\u00e0 che sono valutate<span class=\"_ _0\"></span> al <span class=\"ff7\">fair value</span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__44": {
   "value": "Livelli gerarchici<span class=\"_ _0\"></span> di valutazione<span class=\"_ _0\"></span> del fair<span class=\"_ _0\"></span> value In <span class=\"_ _1\"></span>relazione <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _1\"></span>finanziarie<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>rilevate <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span>Situazione Patrimoniale-Finanziaria al <span class=\"_ _1\"></span><span class=\"ff7\">fair <span class=\"_ _1\"></span>value<span class=\"ff6\">, <span class=\"_ _1\"></span>l\u2019IFRS 13 <span class=\"_ _1\"></span>richiede <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>tali valori <span class=\"_ _1\"></span>siano <span class=\"_ _1\"></span>classificati sulla <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>una<span class=\"_ _0\"></span> </span></span>gerarchia <span class=\"_ _3\"></span>di l<span class=\"_ _0\"></span>ivelli <span class=\"_ _3\"></span>che <span class=\"_ _0\"></span>rifletta <span class=\"_ _3\"></span>la <span class=\"_ _0\"></span>signi<span class=\"_ _0\"></span>ficativit\u00e0 <span class=\"_ _3\"></span>degli <span class=\"_ _0\"></span>input <span class=\"_ _3\"></span>utilizzati <span class=\"_ _0\"></span>nell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>nazione <span class=\"_ _3\"></span>del <span class=\"ff7\">fair<span class=\"_ _0\"></span> </span>value<span class=\"ff2\">. Si distinguono<span class=\"_ _0\"></span> i seguen<span class=\"_ _0\"></span>ti livelli<span class=\"_ _0\"></span>: </span>\u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Livello <span class=\"_ _1\"></span>1: <span class=\"_ _1\"></span>determinazione del <span class=\"_ _1\"></span><span class=\"ff7\">f<span class=\"_ _1\"></span>air value</span> <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>base a <span class=\"_ _1\"></span>prezzi <span class=\"_ _1\"></span>quotati <span class=\"_ _1\"></span>in m<span class=\"_ _1\"></span>ercati attivi <span class=\"_ _1\"></span>per </span></span>le <span class=\"_\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>per <span class=\"_\"> </span>l<span class=\"_ _0\"></span>e <span class=\"_\"> </span>passi<span class=\"_ _0\"></span>vit\u00e0 <span class=\"_\"> </span>ide<span class=\"_ _0\"></span>ntiche <span class=\"_\"> </span><span class=\"ff6\">a<span class=\"_ _0\"></span> <span class=\"_\"> </span>cui <span class=\"_ _b\"> </span>l\u2019<span class=\"_ _0\"></span>entit\u00e0 <span class=\"_\"> </span>pu<span class=\"_ _0\"></span>\u00f2 <span class=\"_ _b\"> </span>accedere <span class=\"_ _14\"> </span>alla <span class=\"_\"> </span>data <span class=\"_ _b\"> </span>di<span class=\"_ _0\"></span> </span>valutazione; \u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Livello <span class=\"_ _3\"></span>2: <span class=\"_ _3\"></span>deter<span class=\"_ _0\"></span>minazione <span class=\"_ _2b\"></span>del<span class=\"ff7\"> <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>value <span class=\"_ _2b\"></span><span class=\"ff2\">in <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>a <span class=\"_ _2b\"></span>input <span class=\"_ _3\"></span>diversi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>da <span class=\"_ _2b\"></span>prezzi <span class=\"_ _3\"></span>quotati <span class=\"_ _2b\"></span>inclusi </span></span></span></span>nel <span class=\"_\"> </span>\u201cLivello <span class=\"_\"> </span>1\u201d <span class=\"_\"> </span>ma <span class=\"_\"> </span>che<span class=\"_ _0\"></span> <span class=\"_\"> </span>sono <span class=\"_\"> </span>osservabili<span class=\"_ _0\"></span> <span class=\"_\"> </span>direttamente <span class=\"_\"> </span>(prezzi) <span class=\"_\"> </span>o<span class=\"_ _0\"></span> <span class=\"_\"> </span>indirettamente<span class=\"_ _3\"></span> (derivati dai prezzi<span class=\"_ _0\"></span>) per le attivi<span class=\"_ _0\"></span>t\u00e0 o per le passivi<span class=\"_ _0\"></span>t\u00e0; \u2022<span class=\"ff2\"> <span class=\"_ _13\"> </span><span class=\"fc1\">Livello <span class=\"_ _4\"></span>3: <span class=\"_ _4\"></span>determ<span class=\"_ _1\"></span>inazion<span class=\"_ _0\"></span>e <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span><span class=\"ff7\">f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>value</span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>modelli <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>valutazione <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>input </span></span>non sono osservabil<span class=\"_ _0\"></span>i per le attivit\u00e0<span class=\"_ _0\"></span> o per le<span class=\"_ _0\"></span> passivit\u00e0. Per l<span class=\"_ _0\"></span>\u2019identificazion<span class=\"_ _0\"></span>e del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>livell<span class=\"_ _0\"></span>o gerar<span class=\"_ _0\"></span>chico <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valuta<span class=\"_ _0\"></span>zione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span><span class=\"ff7 ls9\">fa<span class=\"ls0\">ir<span class=\"_ _0\"></span> val<span class=\"_ _0\"></span>ue,<span class=\"ff2\"> <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>rinvi<span class=\"_ _0\"></span>a al<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>note<span class=\"_ _0\"></span> </span></span></span>relative alle attivi<span class=\"_ _0\"></span>t\u00e0 che sono valutate<span class=\"_ _0\"></span> al <span class=\"ff7\">fair value</span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__47": {
   "value": "Benefici per i dipende<span class=\"_ _0\"></span>nti La <span class=\"_ _1\"></span>passivit\u00e0 r<span class=\"_ _1\"></span>elativa ai <span class=\"_ _1\"></span>benefici <span class=\"_ _1\"></span>riconosciu<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>dipendenti ed <span class=\"_ _1\"></span>erogati <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>coincidenza o successivamente <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>cessazione <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>rapporto <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>lavoro <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>relativa <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>programmi <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>benefici<span class=\"_ _0\"></span> definiti <span class=\"_ _1\"></span>(TFR), <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>netto <span class=\"_ _1\"></span>dell<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>eventuali <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>servizio <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>piano, <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>determinata <span class=\"_ _1\"></span>sulla <span class=\"_ _4\"></span>base<span class=\"_ _0\"></span> di ipotesi attuarial<span class=\"_ _0\"></span>i stimando l\u2019ammon<span class=\"_ _0\"></span>tare dei ben<span class=\"_ _0\"></span>efici futuri che i di<span class=\"_ _0\"></span>pendenti hanno matu<span class=\"_ _0\"></span>rato alla <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>riferimento<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>passivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>per <span class=\"_ _2b\"></span>competenza <span class=\"_ _3\"></span>lungo <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>maturazion<span class=\"_ _0\"></span>e del diritto.  Relativamente<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>rattamento <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>Fine <span class=\"_ _0\"></span>Rappo<span class=\"_ _0\"></span>rto, <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>seguito <span class=\"_ _0\"></span>alle <span class=\"_ _3\"></span>modifiche <span class=\"_ _3\"></span>apportate <span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>a disciplina<span class=\"_ _0\"></span> dalla <span class=\"_ _0\"></span>Legge 27<span class=\"_ _0\"></span> dicemb<span class=\"_ _0\"></span>re 2006<span class=\"_ _0\"></span>, n<span class=\"_ _0\"></span>. 296<span class=\"_ _0\"></span> e <span class=\"_ _0\"></span>successivi<span class=\"_ _0\"></span> Dec<span class=\"_ _0\"></span>reti e<span class=\"_ _0\"></span> Reg<span class=\"_ _0\"></span>olamenti a<span class=\"_ _0\"></span>ttuativi<span class=\"_ _0\"></span> (\u2018Riforma Previdenzi<span class=\"_ _0\"></span>ale\u2019) emanati<span class=\"_ _0\"></span> nei primi mesi<span class=\"_ _0\"></span> del 2007, si<span class=\"_ _0\"></span> segnala che:<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _34\"> </span><span class=\"fc1\">il TFR maturato al 31 di<span class=\"_ _0\"></span>cembre 2006 continua ad <span class=\"_ _0\"></span>essere considerato<span class=\"_ _0\"></span> un piano a </span></span>benefici definiti;<span class=\"_ _0\"></span>  \u2022<span class=\"ff2\"> <span class=\"_ _34\"> </span><span class=\"fc1\">il <span class=\"_ _a\"></span>TFR <span class=\"_ _a\"></span>maturato <span class=\"_ _a\"></span>a <span class=\"_ _17\"></span>partire <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>1\u00b0 <span class=\"_ _a\"></span>gennaio <span class=\"_ _a\"></span>2007, <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>aziende <span class=\"_ _17\"></span>italiane<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>un </span></span>numero <span class=\"_ _3\"></span>di <span class=\"_ _2b\"></span>dipendenti <span class=\"_ _3\"></span>superio<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>50<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>unit\u00e0, <span class=\"_ _2b\"></span>\u00e8 <span class=\"_ _3\"></span>considerato <span class=\"_ _2b\"></span>un <span class=\"_ _3\"></span>piano <span class=\"_ _3\"></span>a <span class=\"_ _2b\"></span>contribuzione definita. La determinazione del valore attuale<span class=\"_ _0\"></span> degli impegni del Gruppo \u00e8 effett<span class=\"_ _0\"></span>uata da attuari<span class=\"_ _0\"></span> esterni <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>\u201c<span class=\"_ _1\"></span>metodo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>proiezione <span class=\"_ _4\"></span>unitaria<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>credito\u201d <span class=\"_ _4\"></span>(<span class=\"_ _1\"></span><span class=\"ff7\">Projected<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>Unit <span class=\"_ _4\"></span>Credit <span class=\"_ _4\"></span>Method<span class=\"ff2 lsc\">). </span></span>Con <span class=\"_ _4\"></span>tale <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>etodo, <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>passivit\u00e0 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>proiettata <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>futuro <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>determinare <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>probabile <span class=\"_ _1\"></span>amm<span class=\"_ _1\"></span>ontare<span class=\"_ _0\"></span> da<span class=\"ls0\"> <span class=\"_ _3\"></span>pagare <span class=\"_ _2b\"></span>al <span class=\"_ _3\"></span>momento <span class=\"_ _2b\"></span>della <span class=\"_ _3\"></span>risoluzione <span class=\"_ _2b\"></span>del <span class=\"_ _3\"></span>rapporto <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>lavoro <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _2b\"></span>poi <span class=\"_ _3\"></span>attuali<span class=\"_ _0\"></span>zzata, <span class=\"_ _3\"></span>scontando </span>i <span class=\"_ _19\"> </span>f<span class=\"_ _1\"></span>uturi <span class=\"_ _19\"> </span>flussi <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>cassa <span class=\"_ _16\"> </span>a <span class=\"_ _19\"> </span>un <span class=\"_ _16\"> </span>tasso <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>interesse <span class=\"_ _19\"> </span>pari <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>quello <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>obbligazioni <span class=\"_ _19\"> </span>(<span class=\"_ _4\"></span><span class=\"ff7\">high <span class=\"_ _19\"> </span>quality </span>corporate<span class=\"ff2\">) <span class=\"_ _4\"></span>emesse<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>nella <span class=\"_ _4\"></span>valuta <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _4\"></span>sar\u00e0 <span class=\"_ _4\"></span>liqui<span class=\"_ _0\"></span>data, <span class=\"_ _5\"></span><span class=\"ls2\">per</span> <span class=\"_ _4\"></span>tener <span class=\"_ _4\"></span>conto <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>tempo </span>che <span class=\"_ _4\"></span>trascorrer\u00e0 <span class=\"_ _4\"></span>prima <span class=\"_ _4\"></span>dell<span class=\"_ _0\"></span>\u2019effettivo <span class=\"_ _4\"></span>pagamento. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>calcolo <span class=\"_ _4\"></span>tiene <span class=\"_ _4\"></span>conto <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>TFR <span class=\"_ _4\"></span>maturato <span class=\"_ _4\"></span>per<span class=\"_ _0\"></span> prestazioni <span class=\"_ _18\"> </span>di <span class=\"_ _1e\"> </span>lavoro <span class=\"_ _18\"> </span>gi\u00e0 <span class=\"_ _18\"> </span>effettuate <span class=\"_ _1e\"> </span>ed<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>\u00e8 <span class=\"_ _18\"> </span>basato <span class=\"_ _1e\"> </span>su <span class=\"_ _18\"> </span>ipotesi <span class=\"_ _18\"> </span>attuariali <span class=\"_ _1e\"> </span>che <span class=\"_ _18\"> </span>riguardano<span class=\"_ _0\"></span> principalmente<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>interesse, <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>riflette <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>endimento <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>mercato <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>titoli <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>aziende<span class=\"_ _0\"></span> primarie <span class=\"_ _15\"> </span>con <span class=\"_ _6\"> </span>scadenza <span class=\"_ _15\"> </span>coerente <span class=\"_ _15\"> </span>con <span class=\"_ _6\"> </span>quella <span class=\"_ _15\"> </span>attesa <span class=\"_ _15\"> </span>dell\u2019obbli<span class=\"_ _0\"></span>gazione <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>il <span class=\"_ _18\"> </span>turnover<span class=\"ff2\"> <span class=\"_ _6\"> </span>dei </span>dipendenti. Per <span class=\"_ _17\"></span>le <span class=\"_ _17\"></span>quote <span class=\"_ _a\"></span>di <span class=\"_ _17\"> </span>TFR <span class=\"_ _17\"> </span>destinate <span class=\"_ _17\"></span>alla <span class=\"_ _a\"></span>previdenza <span class=\"_ _17\"></span>integrati<span class=\"_ _0\"></span>va <span class=\"_ _17\"></span>ovvero <span class=\"_ _a\"></span>al <span class=\"_ _17\"></span>fondo <span class=\"_ _17\"></span>INPS <span class=\"_ _a\"></span>a partire <span class=\"_ _1\"></span>dalla data <span class=\"_ _1\"></span>di opzione <span class=\"_ _1\"></span>esercitata dal <span class=\"_ _1\"></span>dipendente, il G<span class=\"_ _1\"></span>ruppo <span class=\"_ _1\"></span>non \u00e8 <span class=\"_ _1\"></span>debitore delle <span class=\"_ _1\"></span>quote di <span class=\"_ _3\"></span>TFR <span class=\"_ _0\"></span>matura<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>dopo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2006 <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>pertanto <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>calcolo <span class=\"_ _3\"></span>attuariale <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>TFR <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _3\"></span>esclusa la componente <span class=\"_ _0\"></span>relativa all<span class=\"_ _0\"></span>a dinamica salariale futu<span class=\"_ _0\"></span>ra. Gli <span class=\"_ _0\"></span>utili <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> perdi<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>attuari<span class=\"_ _0\"></span>ali, <span class=\"_ _0\"></span>definiti<span class=\"_ _0\"></span> qual<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>fferenza <span class=\"_ _3\"></span>tra il <span class=\"_ _3\"></span>valore di<span class=\"_ _0\"></span> bi<span class=\"_ _0\"></span>lancio <span class=\"_ _3\"></span>della passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>ed il valore <span class=\"_ _1\"></span>attuale degli <span class=\"_ _1\"></span>impegni del <span class=\"_ _1\"></span>Gruppo a <span class=\"_ _1\"></span>fine periodo, dovuta al <span class=\"_ _1\"></span>modificarsi dei <span class=\"_ _1\"></span>parametri<span class=\"_ _0\"></span> attuariali <span class=\"_ _3\"></span>utilizzati <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>precedenza, <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>imputati <span class=\"_ _3\"></span>direttamente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>nelle <span class=\"_ _3\"></span>altre <span class=\"_ _3\"></span>componenti <span class=\"_ _2b\"></span>del <span class=\"_ _0\"></span>Conto<span class=\"_ _0\"></span> Economico compl<span class=\"_ _0\"></span>essivo. La componente fina<span class=\"_ _0\"></span>nziaria \u00e8 invece iscrit<span class=\"_ _0\"></span>ta nel Conto Econ<span class=\"_ _0\"></span>omico nell<span class=\"_ _0\"></span>a voce proventi ed oneri finanziari.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__46": {
   "value": "Benefici per i dipende<span class=\"_ _0\"></span>nti La <span class=\"_ _1\"></span>passivit\u00e0 r<span class=\"_ _1\"></span>elativa ai <span class=\"_ _1\"></span>benefici <span class=\"_ _1\"></span>riconosciu<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>dipendenti ed <span class=\"_ _1\"></span>erogati <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>coincidenza o successivamente <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>cessazione <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>rapporto <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>lavoro <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>relativa <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>programmi <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>benefici<span class=\"_ _0\"></span> definiti <span class=\"_ _1\"></span>(TFR), <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>netto <span class=\"_ _1\"></span>dell<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>eventuali <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>servizio <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>piano, <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>determinata <span class=\"_ _1\"></span>sulla <span class=\"_ _4\"></span>base<span class=\"_ _0\"></span> di ipotesi attuarial<span class=\"_ _0\"></span>i stimando l\u2019ammon<span class=\"_ _0\"></span>tare dei ben<span class=\"_ _0\"></span>efici futuri che i di<span class=\"_ _0\"></span>pendenti hanno matu<span class=\"_ _0\"></span>rato alla <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>riferimento<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>passivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>rilevata <span class=\"_ _3\"></span>per <span class=\"_ _2b\"></span>competenza <span class=\"_ _3\"></span>lungo <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>maturazion<span class=\"_ _0\"></span>e del diritto.  Relativamente<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>rattamento <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>Fine <span class=\"_ _0\"></span>Rappo<span class=\"_ _0\"></span>rto, <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>seguito <span class=\"_ _0\"></span>alle <span class=\"_ _3\"></span>modifiche <span class=\"_ _3\"></span>apportate <span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>a disciplina<span class=\"_ _0\"></span> dalla <span class=\"_ _0\"></span>Legge 27<span class=\"_ _0\"></span> dicemb<span class=\"_ _0\"></span>re 2006<span class=\"_ _0\"></span>, n<span class=\"_ _0\"></span>. 296<span class=\"_ _0\"></span> e <span class=\"_ _0\"></span>successivi<span class=\"_ _0\"></span> Dec<span class=\"_ _0\"></span>reti e<span class=\"_ _0\"></span> Reg<span class=\"_ _0\"></span>olamenti a<span class=\"_ _0\"></span>ttuativi<span class=\"_ _0\"></span> (\u2018Riforma Previdenzi<span class=\"_ _0\"></span>ale\u2019) emanati<span class=\"_ _0\"></span> nei primi mesi<span class=\"_ _0\"></span> del 2007, si<span class=\"_ _0\"></span> segnala che:<span class=\"ff2\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _34\"> </span><span class=\"fc1\">il TFR maturato al 31 di<span class=\"_ _0\"></span>cembre 2006 continua ad <span class=\"_ _0\"></span>essere considerato<span class=\"_ _0\"></span> un piano a </span></span>benefici definiti;<span class=\"_ _0\"></span>  \u2022<span class=\"ff2\"> <span class=\"_ _34\"> </span><span class=\"fc1\">il <span class=\"_ _a\"></span>TFR <span class=\"_ _a\"></span>maturato <span class=\"_ _a\"></span>a <span class=\"_ _17\"></span>partire <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>1\u00b0 <span class=\"_ _a\"></span>gennaio <span class=\"_ _a\"></span>2007, <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>aziende <span class=\"_ _17\"></span>italiane<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>un </span></span>numero <span class=\"_ _3\"></span>di <span class=\"_ _2b\"></span>dipendenti <span class=\"_ _3\"></span>superio<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>50<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>unit\u00e0, <span class=\"_ _2b\"></span>\u00e8 <span class=\"_ _3\"></span>considerato <span class=\"_ _2b\"></span>un <span class=\"_ _3\"></span>piano <span class=\"_ _3\"></span>a <span class=\"_ _2b\"></span>contribuzione definita. La determinazione del valore attuale<span class=\"_ _0\"></span> degli impegni del Gruppo \u00e8 effett<span class=\"_ _0\"></span>uata da attuari<span class=\"_ _0\"></span> esterni <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>\u201c<span class=\"_ _1\"></span>metodo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>proiezione <span class=\"_ _4\"></span>unitaria<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>credito\u201d <span class=\"_ _4\"></span>(<span class=\"_ _1\"></span><span class=\"ff7\">Projected<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>Unit <span class=\"_ _4\"></span>Credit <span class=\"_ _4\"></span>Method<span class=\"ff2 lsc\">). </span></span>Con <span class=\"_ _4\"></span>tale <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>etodo, <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>passivit\u00e0 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>proiettata <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>futuro <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>determinare <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>probabile <span class=\"_ _1\"></span>amm<span class=\"_ _1\"></span>ontare<span class=\"_ _0\"></span> da<span class=\"ls0\"> <span class=\"_ _3\"></span>pagare <span class=\"_ _2b\"></span>al <span class=\"_ _3\"></span>momento <span class=\"_ _2b\"></span>della <span class=\"_ _3\"></span>risoluzione <span class=\"_ _2b\"></span>del <span class=\"_ _3\"></span>rapporto <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>lavoro <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _2b\"></span>poi <span class=\"_ _3\"></span>attuali<span class=\"_ _0\"></span>zzata, <span class=\"_ _3\"></span>scontando </span>i <span class=\"_ _19\"> </span>f<span class=\"_ _1\"></span>uturi <span class=\"_ _19\"> </span>flussi <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>cassa <span class=\"_ _16\"> </span>a <span class=\"_ _19\"> </span>un <span class=\"_ _16\"> </span>tasso <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>interesse <span class=\"_ _19\"> </span>pari <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>quello <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>obbligazioni <span class=\"_ _19\"> </span>(<span class=\"_ _4\"></span><span class=\"ff7\">high <span class=\"_ _19\"> </span>quality </span>corporate<span class=\"ff2\">) <span class=\"_ _4\"></span>emesse<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>nella <span class=\"_ _4\"></span>valuta <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _4\"></span>sar\u00e0 <span class=\"_ _4\"></span>liqui<span class=\"_ _0\"></span>data, <span class=\"_ _5\"></span><span class=\"ls2\">per</span> <span class=\"_ _4\"></span>tener <span class=\"_ _4\"></span>conto <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>tempo </span>che <span class=\"_ _4\"></span>trascorrer\u00e0 <span class=\"_ _4\"></span>prima <span class=\"_ _4\"></span>dell<span class=\"_ _0\"></span>\u2019effettivo <span class=\"_ _4\"></span>pagamento. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>calcolo <span class=\"_ _4\"></span>tiene <span class=\"_ _4\"></span>conto <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>TFR <span class=\"_ _4\"></span>maturato <span class=\"_ _4\"></span>per<span class=\"_ _0\"></span> prestazioni <span class=\"_ _18\"> </span>di <span class=\"_ _1e\"> </span>lavoro <span class=\"_ _18\"> </span>gi\u00e0 <span class=\"_ _18\"> </span>effettuate <span class=\"_ _1e\"> </span>ed<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>\u00e8 <span class=\"_ _18\"> </span>basato <span class=\"_ _1e\"> </span>su <span class=\"_ _18\"> </span>ipotesi <span class=\"_ _18\"> </span>attuariali <span class=\"_ _1e\"> </span>che <span class=\"_ _18\"> </span>riguardano<span class=\"_ _0\"></span> principalmente<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>interesse, <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>riflette <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>endimento <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>mercato <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>titoli <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>aziende<span class=\"_ _0\"></span> primarie <span class=\"_ _15\"> </span>con <span class=\"_ _6\"> </span>scadenza <span class=\"_ _15\"> </span>coerente <span class=\"_ _15\"> </span>con <span class=\"_ _6\"> </span>quella <span class=\"_ _15\"> </span>attesa <span class=\"_ _15\"> </span>dell\u2019obbli<span class=\"_ _0\"></span>gazione <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>il <span class=\"_ _18\"> </span>turnover<span class=\"ff2\"> <span class=\"_ _6\"> </span>dei </span>dipendenti. Per <span class=\"_ _17\"></span>le <span class=\"_ _17\"></span>quote <span class=\"_ _a\"></span>di <span class=\"_ _17\"> </span>TFR <span class=\"_ _17\"> </span>destinate <span class=\"_ _17\"></span>alla <span class=\"_ _a\"></span>previdenza <span class=\"_ _17\"></span>integrati<span class=\"_ _0\"></span>va <span class=\"_ _17\"></span>ovvero <span class=\"_ _a\"></span>al <span class=\"_ _17\"></span>fondo <span class=\"_ _17\"></span>INPS <span class=\"_ _a\"></span>a partire <span class=\"_ _1\"></span>dalla data <span class=\"_ _1\"></span>di opzione <span class=\"_ _1\"></span>esercitata dal <span class=\"_ _1\"></span>dipendente, il G<span class=\"_ _1\"></span>ruppo <span class=\"_ _1\"></span>non \u00e8 <span class=\"_ _1\"></span>debitore delle <span class=\"_ _1\"></span>quote di <span class=\"_ _3\"></span>TFR <span class=\"_ _0\"></span>matura<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>dopo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2006 <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>pertanto <span class=\"_ _3\"></span>nel <span class=\"_ _3\"></span>calcolo <span class=\"_ _3\"></span>attuariale <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>TFR <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _3\"></span>esclusa la componente <span class=\"_ _0\"></span>relativa all<span class=\"_ _0\"></span>a dinamica salariale futu<span class=\"_ _0\"></span>ra. Gli <span class=\"_ _0\"></span>utili <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> perdi<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>attuari<span class=\"_ _0\"></span>ali, <span class=\"_ _0\"></span>definiti<span class=\"_ _0\"></span> qual<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>fferenza <span class=\"_ _3\"></span>tra il <span class=\"_ _3\"></span>valore di<span class=\"_ _0\"></span> bi<span class=\"_ _0\"></span>lancio <span class=\"_ _3\"></span>della passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>ed il valore <span class=\"_ _1\"></span>attuale degli <span class=\"_ _1\"></span>impegni del <span class=\"_ _1\"></span>Gruppo a <span class=\"_ _1\"></span>fine periodo, dovuta al <span class=\"_ _1\"></span>modificarsi dei <span class=\"_ _1\"></span>parametri<span class=\"_ _0\"></span> attuariali <span class=\"_ _3\"></span>utilizzati <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>precedenza, <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>imputati <span class=\"_ _3\"></span>direttamente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>nelle <span class=\"_ _3\"></span>altre <span class=\"_ _3\"></span>componenti <span class=\"_ _2b\"></span>del <span class=\"_ _0\"></span>Conto<span class=\"_ _0\"></span> Economico compl<span class=\"_ _0\"></span>essivo. La componente fina<span class=\"_ _0\"></span>nziaria \u00e8 invece iscrit<span class=\"_ _0\"></span>ta nel Conto Econ<span class=\"_ _0\"></span>omico nell<span class=\"_ _0\"></span>a voce proventi ed oneri finanziari.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__49-1": {
   "value": "Fondi  I Fondi <span class=\"_ _0\"></span>riguardano<span class=\"_ _0\"></span> costi <span class=\"_ _0\"></span>e on<span class=\"_ _0\"></span>eri di<span class=\"_ _0\"></span> natura <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>nata e<span class=\"_ _0\"></span> di esi<span class=\"_ _0\"></span>stenza <span class=\"_ _0\"></span>certa <span class=\"_ _0\"></span>o probabil<span class=\"_ _0\"></span>e che <span class=\"_ _16\"> </span>alla <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>chiusura <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span><span class=\"ff6\">periodo <span class=\"_ _16\"> </span>sono <span class=\"_ _14\"> </span>indeterminati <span class=\"_ _19\"> </span>nell\u2019ammontare <span class=\"_ _19\"> </span>o <span class=\"_ _14\"> </span>nella <span class=\"_ _19\"> </span>data <span class=\"_ _14\"> </span>di </span>sopravvenienza.<span class=\"ffb fc0\"> </span>Gli <span class=\"_ _4\"></span>accantonamen<span class=\"_ _0\"></span>ti <span class=\"_ _4\"></span>ai <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ondi <span class=\"_ _1\"></span>sono <span class=\"_ _4\"></span>rilevati <span class=\"_ _4\"></span>quando<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>riferimento, <span class=\"_ _1\"></span>esiste <span class=\"_ _4\"></span>una obbligazion<span class=\"_ _0\"></span>e legale o <span class=\"_ _1\"></span>impli<span class=\"_ _0\"></span>cita, che deriva da un evento passato, e sia probabil<span class=\"_ _0\"></span>e un esborso di<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff6\">risorse <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>soddisfare <span class=\"_ _1\"></span>l'obbligazione e <span class=\"_ _4\"></span>l\u2019ammon<span class=\"_ _0\"></span>tare <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>tale <span class=\"_ _1\"></span>esborso <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>stimabile. Q<span class=\"_ _1\"></span>uando </span></span>l\u2019effetto <span class=\"_ _4\"></span>finanziario <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>tempo <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>significativo <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>date <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>pagamento<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>obbligazioni <span class=\"_ _1\"></span>sono attendibilmente <span class=\"_ _8\"> </span>stimabili, <span class=\"_ _8\"> </span>l\u2019accantonamento <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _8\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _8\"> </span>attualizzazio<span class=\"ff2\">ne; <span class=\"_ _9\"> </span>l'incre<span class=\"_ _0\"></span>mento </span>dell'accantonamen<span class=\"_ _0\"></span>to dov<span class=\"_ _0\"></span>uto al <span class=\"_ _0\"></span>trascorrere<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>tempo <span class=\"_ _0\"></span>\u00e8 ril<span class=\"_ _0\"></span>evato come<span class=\"_ _0\"></span> onere<span class=\"_ _0\"></span> finanziario.<span class=\"_ _0\"></span> Se la<span class=\"_ _0\"></span> passivit\u00e0 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>relativa <span class=\"_ _4\"></span>ad <span class=\"_ _5\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _4\"></span>materiali, <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>fondo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _4\"></span>rilevato <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>contropartita <span class=\"_ _4\"></span>all\u2019<span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>cui <span class=\"_ _5\"></span>si riferisce; <span class=\"_ _b\"> </span>la<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>rilevazione<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>dell\u2019onere <span class=\"_ _b\"> </span>a <span class=\"_ _b\"> </span>Cont<span class=\"ff2\">o <span class=\"_ _b\"> </span>eco<span class=\"_ _0\"></span>nomico <span class=\"_ _14\"> </span>avviene <span class=\"_ _b\"> </span>attraverso <span class=\"_ _14\"> </span>il <span class=\"_ _b\"> </span>processo<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>di </span>ammortamen<span class=\"_ _0\"></span>to dell\u2019immob<span class=\"_ _0\"></span>ilizzazione material<span class=\"_ _0\"></span>e alla qual<span class=\"_ _0\"></span>e l\u2019onere stesso si<span class=\"_ _0\"></span> riferisce.<span class=\"ff2\"> </span>In <span class=\"_ _3\"></span>presenza <span class=\"_ _3\"></span>di <span class=\"_ _2b\"></span>un\u2019obbligazione <span class=\"_ _2b\"></span>per <span class=\"_ _3\"></span>smantellamento <span class=\"_ _2b\"></span>e <span class=\"_ _3\"></span>ripristino <span class=\"_ _3\"></span>siti <span class=\"_ _3\"></span>(es. <span class=\"_ _2b\"></span>terreni <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>cava), \u00e8 <span class=\"_ _17\"></span>costituito <span class=\"_ _a\"></span>uno <span class=\"_ _17\"> </span>specifico <span class=\"_ _17\"></span>fondo <span class=\"_ _17\"></span>i <span class=\"_ _17\"> </span><span class=\"ff6\">cui <span class=\"_ _17\"> </span>accantonamenti <span class=\"_ _a\"></span>sono <span class=\"_ _17\"> </span>determinati <span class=\"_ _17\"> </span>in <span class=\"_ _a\"></span>base <span class=\"_ _17\"> </span>all\u2019utilizzo </span>dell\u2019attivit\u00e0 ma<span class=\"_ _0\"></span>teriale cui si riferisce<span class=\"_ _0\"></span>.21.<span class=\"ls0\"> <span class=\"_ _0\"></span>Passivit\u00e0 der<span class=\"_ _0\"></span>ivanti da c<span class=\"_ _0\"></span>ontratto </span> <span class=\"_ _24\"> </span>La voce, pari a <span class=\"ls2\">11</span>,4 mi<span class=\"_ _0\"></span>lioni di euro, \u00e8 <span class=\"_ _0\"></span>relativa agli<span class=\"_ _0\"></span> acconti ricevuti da cl<span class=\"_ _0\"></span>ienti.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__48": {
   "value": "Fondi  I Fondi <span class=\"_ _0\"></span>riguardano<span class=\"_ _0\"></span> costi <span class=\"_ _0\"></span>e on<span class=\"_ _0\"></span>eri di<span class=\"_ _0\"></span> natura <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>nata e<span class=\"_ _0\"></span> di esi<span class=\"_ _0\"></span>stenza <span class=\"_ _0\"></span>certa <span class=\"_ _0\"></span>o probabil<span class=\"_ _0\"></span>e che <span class=\"_ _16\"> </span>alla <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>chiusura <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span><span class=\"ff6\">periodo <span class=\"_ _16\"> </span>sono <span class=\"_ _14\"> </span>indeterminati <span class=\"_ _19\"> </span>nell\u2019ammontare <span class=\"_ _19\"> </span>o <span class=\"_ _14\"> </span>nella <span class=\"_ _19\"> </span>data <span class=\"_ _14\"> </span>di </span>sopravvenienza.<span class=\"ffb fc0\"> </span>Gli <span class=\"_ _4\"></span>accantonamen<span class=\"_ _0\"></span>ti <span class=\"_ _4\"></span>ai <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ondi <span class=\"_ _1\"></span>sono <span class=\"_ _4\"></span>rilevati <span class=\"_ _4\"></span>quando<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>riferimento, <span class=\"_ _1\"></span>esiste <span class=\"_ _4\"></span>una obbligazion<span class=\"_ _0\"></span>e legale o <span class=\"_ _1\"></span>impli<span class=\"_ _0\"></span>cita, che deriva da un evento passato, e sia probabil<span class=\"_ _0\"></span>e un esborso di<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ff6\">risorse <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>soddisfare <span class=\"_ _1\"></span>l'obbligazione e <span class=\"_ _4\"></span>l\u2019ammon<span class=\"_ _0\"></span>tare <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>tale <span class=\"_ _1\"></span>esborso <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>stimabile. Q<span class=\"_ _1\"></span>uando </span></span>l\u2019effetto <span class=\"_ _4\"></span>finanziario <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>tempo <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>significativo <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>date <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>pagamento<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>obbligazioni <span class=\"_ _1\"></span>sono attendibilmente <span class=\"_ _8\"> </span>stimabili, <span class=\"_ _8\"> </span>l\u2019accantonamento <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _8\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _8\"> </span>attualizzazio<span class=\"ff2\">ne; <span class=\"_ _9\"> </span>l'incre<span class=\"_ _0\"></span>mento </span>dell'accantonamen<span class=\"_ _0\"></span>to dov<span class=\"_ _0\"></span>uto al <span class=\"_ _0\"></span>trascorrere<span class=\"_ _0\"></span> del <span class=\"_ _0\"></span>tempo <span class=\"_ _0\"></span>\u00e8 ril<span class=\"_ _0\"></span>evato come<span class=\"_ _0\"></span> onere<span class=\"_ _0\"></span> finanziario.<span class=\"_ _0\"></span> Se la<span class=\"_ _0\"></span> passivit\u00e0 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>relativa <span class=\"_ _4\"></span>ad <span class=\"_ _5\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _4\"></span>materiali, <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>fondo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _4\"></span>rilevato <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>contropartita <span class=\"_ _4\"></span>all\u2019<span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>cui <span class=\"_ _5\"></span>si riferisce; <span class=\"_ _b\"> </span>la<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>rilevazione<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>dell\u2019onere <span class=\"_ _b\"> </span>a <span class=\"_ _b\"> </span>Cont<span class=\"ff2\">o <span class=\"_ _b\"> </span>eco<span class=\"_ _0\"></span>nomico <span class=\"_ _14\"> </span>avviene <span class=\"_ _b\"> </span>attraverso <span class=\"_ _14\"> </span>il <span class=\"_ _b\"> </span>processo<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>di </span>ammortamen<span class=\"_ _0\"></span>to dell\u2019immob<span class=\"_ _0\"></span>ilizzazione material<span class=\"_ _0\"></span>e alla qual<span class=\"_ _0\"></span>e l\u2019onere stesso si<span class=\"_ _0\"></span> riferisce.<span class=\"ff2\"> </span>In <span class=\"_ _3\"></span>presenza <span class=\"_ _3\"></span>di <span class=\"_ _2b\"></span>un\u2019obbligazione <span class=\"_ _2b\"></span>per <span class=\"_ _3\"></span>smantellamento <span class=\"_ _2b\"></span>e <span class=\"_ _3\"></span>ripristino <span class=\"_ _3\"></span>siti <span class=\"_ _3\"></span>(es. <span class=\"_ _2b\"></span>terreni <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>cava), \u00e8 <span class=\"_ _17\"></span>costituito <span class=\"_ _a\"></span>uno <span class=\"_ _17\"> </span>specifico <span class=\"_ _17\"></span>fondo <span class=\"_ _17\"></span>i <span class=\"_ _17\"> </span><span class=\"ff6\">cui <span class=\"_ _17\"> </span>accantonamenti <span class=\"_ _a\"></span>sono <span class=\"_ _17\"> </span>determinati <span class=\"_ _17\"> </span>in <span class=\"_ _a\"></span>base <span class=\"_ _17\"> </span>all\u2019utilizzo </span>dell\u2019attivit\u00e0 ma<span class=\"_ _0\"></span>teriale cui si riferisce<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__50": {
   "value": "Contributi I contributi sono rileva<span class=\"_ _0\"></span>ti al <span class=\"ff7\">fair value</span> quando vi \u00e8 la ragionevole certezza<span class=\"_ _0\"></span> che saranno ricevuti e che saranno<span class=\"_ _0\"></span> soddi<span class=\"_ _0\"></span>sfatte le condizioni<span class=\"_ _0\"></span> previst<span class=\"ff6\">e per l\u2019ottenimento<span class=\"_ _0\"></span> degli<span class=\"_ _0\"></span> stessi.<span class=\"ff2\"> </span></span>I <span class=\"_ _4\"></span>contributi <span class=\"_ _1\"></span>ricevuti <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>fron<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>specifici <span class=\"_ _1\"></span>beni <span class=\"_ _4\"></span>il <span class=\"_ _1\"></span>cui <span class=\"_ _4\"></span>valore <span class=\"_ _1\"></span>viene <span class=\"_ _4\"></span>iscritto <span class=\"_ _1\"></span>tra <span class=\"_ _4\"></span>le <span class=\"_ _1\"></span>immobilizzazioni sono <span class=\"_ _19\"> </span>r<span class=\"_ _1\"></span>ilevati <span class=\"_ _19\"> </span>o <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>diretta<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>riduzione <span class=\"_ _19\"> </span>delle <span class=\"_ _16\"> </span>immobil<span class=\"_ _0\"></span>izzazioni <span class=\"_ _19\"> </span>stesse <span class=\"_ _16\"> </span>o <span class=\"_ _19\"> </span>tra <span class=\"_ _16\"> </span>le <span class=\"_ _19\"> </span>altre <span class=\"_ _16\"> </span>passivit\u00e0 <span class=\"_ _16\"> </span>e accreditati <span class=\"_ _16\"> </span>a <span class=\"_ _14\"> </span>Conto <span class=\"_ _14\"> </span>eco<span class=\"_ _0\"></span>nomico <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>relazione <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>periodo <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>ammorta<span class=\"_ _0\"></span>mento <span class=\"_ _16\"> </span>dei <span class=\"_ _14\"> </span>beni <span class=\"_ _16\"> </span>cui <span class=\"_ _14\"> </span>si riferiscono. I <span class=\"_ _14\"> </span>contributi <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>conto <span class=\"_ _14\"> </span>esercizi<span class=\"_ _0\"></span>o <span class=\"_ _14\"> </span>sono <span class=\"_ _16\"> </span>rilevati <span class=\"_ _14\"> </span>integralmente <span class=\"_ _16\"> </span>a <span class=\"_ _14\"> </span>Conto <span class=\"_ _14\"> </span>econ<span class=\"_ _0\"></span>omico <span class=\"_ _14\"> </span>nel<span class=\"_ _0\"></span> momento in cui sono<span class=\"_ _0\"></span> soddi<span class=\"_ _0\"></span>sfatte le condizioni di<span class=\"_ _0\"></span> iscrivibi<span class=\"_ _0\"></span>lit\u00e0.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__52-1": {
   "value": "Ricavi da contrat<span class=\"_ _0\"></span>ti con i clien<span class=\"_ _0\"></span>ti  La <span class=\"_ _19\"> </span>Societ\u00e0 <span class=\"_ _19\"> </span>rileva <span class=\"_ _19\"> </span>i <span class=\"_ _19\"> </span>ricavi <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>modo <span class=\"_ _19\"> </span>che <span class=\"_ _16\"> </span>il <span class=\"_ _19\"> </span>trasferimento <span class=\"_ _17\"> </span>al <span class=\"_ _16\"> </span>cliente<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>beni <span class=\"_ _17\"> </span>e/o <span class=\"_ _16\"> </span>servizi <span class=\"_ _17\"> </span>risulti<span class=\"_ _1\"></span> espresso <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>importo <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>rifletta <span class=\"_ _a\"></span>il <span class=\"_ _4\"></span>corrispettivo <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>Societ\u00e0 <span class=\"_ _5\"></span>ritiene <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>avere <span class=\"_ _5\"></span>diritto quale compenso per<span class=\"_ _0\"></span> il trasferimento<span class=\"_ _0\"></span> dei beni e<span class=\"_ _0\"></span>/o servizi stessi. La <span class=\"_ _0\"></span>rilevazion<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>dei <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>icavi <span class=\"_ _3\"></span>avviene <span class=\"_ _0\"></span>attraverso <span class=\"_ _3\"></span>i<span class=\"ff6\">l \u201c<span class=\"ff7\">five <span class=\"_ _3\"></span>step <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>odel <span class=\"_ _3\"></span>framework<span class=\"ff6 lsc\">\u201d </span><span class=\"ff2\">il <span class=\"_ _3\"></span>quale <span class=\"_ _0\"></span>prevede: </span></span></span>1)<span class=\"ls0\"> <span class=\"_ _31\"> </span><span class=\"ff6 lsf\">l\u2019</span>identificazione del<span class=\"_ _0\"></span> contratto; </span>2)<span class=\"ls0\"> <span class=\"_ _31\"> </span><span class=\"ff6 lsf\">l\u2019</span>identificazione dei<span class=\"_ _0\"></span> beni e servizi oggetto<span class=\"_ _0\"></span> del contrat<span class=\"_ _0\"></span>to; </span>3)<span class=\"ls0\"> <span class=\"_ _31\"> </span>la definizione del<span class=\"_ _0\"></span> prezzo dell<span class=\"_ _0\"></span>a transazione; </span>4)<span class=\"ls0\"> <span class=\"_ _31\"> </span><span class=\"ff6 lsf\">l\u2019</span>allocazione delle obbl<span class=\"_ _0\"></span>igazioni contrattuali<span class=\"_ _0\"></span> della componente<span class=\"_ _0\"></span> variabile del <span class=\"_ _0\"></span>prezzo; </span>5)<span class=\"ls0\"> <span class=\"_ _31\"> </span><span class=\"lsf\">il </span>trasferimento del cont<span class=\"_ _0\"></span>rollo. </span>I <span class=\"_ _3\"></span>ricavi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>valutati <span class=\"_ _3\"></span>tenendo <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>dei <span class=\"_ _2b\"></span>termini <span class=\"_ _3\"></span>contrattuali <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>pratiche <span class=\"_ _3\"></span>comme<span class=\"_ _0\"></span>rciali abitualmente <span class=\"_ _19\"> </span>applicate <span class=\"_ _16\"> </span><span class=\"ff6\">nei <span class=\"_ _16\"> </span>rapporti <span class=\"_ _16\"> </span>con <span class=\"_ _16\"> </span>i <span class=\"_ _19\"> </span>clienti. <span class=\"_ _16\"> </span>Il <span class=\"_ _16\"> </span>prezzo <span class=\"_ _16\"> </span>dell\u2019operazi<span class=\"_ _0\"></span>one <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>l\u2019importo <span class=\"_ _19\"> </span>del </span>corrispettivo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(che<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>includere <span class=\"_ _3\"></span>importi <span class=\"_ _3\"></span>fissi, <span class=\"_ _3\"></span>variabili <span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>entrambi<span class=\"_ _0\"></span>) <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cui <span class=\"_ _0\"></span>si <span class=\"_ _3\"></span>ritiene <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>avere <span class=\"_ _0\"></span>dirit<span class=\"_ _0\"></span>to in <span class=\"_ _5\"></span>cambio <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>rasferime<span class=\"_ _0\"></span>nto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>controllo <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>beni/servizi <span class=\"_ _4\"></span>promessi. <span class=\"_ _5\"></span>Per <span class=\"_ _5\"></span>controllo <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>intende genericamente <span class=\"_ _15\"> </span>la <span class=\"_ _18\"> </span>capacit\u00e0 <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>decidere <span class=\"_ _15\"> </span>dell\u2019uso <span class=\"_ _15\"> </span>dell\u2019attivit\u00e0 <span class=\"_ _18\"> </span>(bene/servi<span class=\"_ _0\"></span>zio) <span class=\"_ _18\"> </span>e <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>trarne sostanzialmente <span class=\"_ _0\"></span>tutti <span class=\"_ _0\"></span>i be<span class=\"_ _0\"></span>nefici <span class=\"_ _0\"></span>rimanenti. <span class=\"_ _0\"></span>Il co<span class=\"_ _0\"></span>rrispettivo<span class=\"_ _0\"></span> totale <span class=\"_ _0\"></span>dei<span class=\"_ _0\"></span> contratti <span class=\"_ _0\"></span>per la<span class=\"_ _0\"></span> pres<span class=\"_ _0\"></span>tazione di <span class=\"_ _3\"></span>servizi <span class=\"_ _3\"></span>viene <span class=\"_ _3\"></span>ripartito <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>tutti <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>servizi <span class=\"_ _3\"></span>sulla <span class=\"_ _2b\"></span>b<span class=\"_ _1\"></span>ase <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>prezzi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>vendita <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>relativi <span class=\"_ _3\"></span>servizi <span class=\"_ _3\"></span>come<span class=\"_ _0\"></span> se fossero stati vendu<span class=\"_ _0\"></span>ti si<span class=\"_ _0\"></span>ngolarmente.  N<span class=\"ff6\">ell\u2019ambi<span class=\"_ _0\"></span>to <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>ciascun <span class=\"_ _a\"></span>contratto, <span class=\"_ _17\"> </span>l\u2019elemen<span class=\"_ _0\"></span>to <span class=\"_ _17\"> </span>di <span class=\"_ _a\"></span>riferimento <span class=\"_ _17\"> </span>per <span class=\"_ _a\"></span>il <span class=\"_ _17\"> </span>riconoscimento<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>dei </span>ricavi <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>singolo <span class=\"_ _1\"></span>obbligo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>prestazione <span class=\"_ _1\"></span>(<span class=\"_ _1\"></span><span class=\"ff7\">performance obbligation</span>). <span class=\"_ _1\"></span>Per <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>obbligazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>di<span class=\"_ _1\"></span> fare, <span class=\"_ _a\"></span>separata<span class=\"_ _0\"></span>mente <span class=\"_ _5\"></span>individuata, <span class=\"_ _a\"></span>l\u2019entit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>rileva <span class=\"_ _5\"></span>i <span class=\"_ _a\"></span>ricavi <span class=\"_ _5\"></span>quando <span class=\"_ _a\"></span>(o <span class=\"_ _a\"></span>man <span class=\"_ _5\"></span>mano <span class=\"_ _a\"></span>che) <span class=\"_ _a\"></span>ade<span class=\"_ _0\"></span>mpie l\u2019obbli<span class=\"_ _0\"></span>gazione <span class=\"_ _6\"> </span>stessa, <span class=\"_ _15\"> </span>trasferendo <span class=\"_ _6\"> </span>al <span class=\"_ _6\"> </span>cliente <span class=\"_ _6\"> </span>il <span class=\"_ _6\"> </span>bene/servizio <span class=\"_ _6\"> </span>(<span class=\"_ _1\"></span>ossia <span class=\"_\"> </span>l\u2019attivit\u00e0) <span class=\"_ _15\"> </span>promesso.<span class=\"_ _0\"></span> L\u2019attivit\u00e0 \u00e8 trasfe<span class=\"_ _0\"></span>rita quand<span class=\"_ _0\"></span>o (o man mano<span class=\"_ _0\"></span> che<span class=\"ff2\">) il cliente ne acquisi<span class=\"_ _0\"></span>sce il c<span class=\"_ _0\"></span>ontrollo.  </span>Per <span class=\"_ _1\"></span>le obbligazioni di f<span class=\"_ _1\"></span>are adempiute <span class=\"_ _1\"></span>nel corso del <span class=\"_ _1\"></span>tempo i <span class=\"_ _1\"></span>ricavi vengono rilevati <span class=\"_ _1\"></span>nel corso <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>tempo <span class=\"_ _4\"></span>(<span class=\"_ _1\"></span>over<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>the <span class=\"_ _5\"></span>time), <span class=\"_ _5\"></span>valutando <span class=\"_ _5\"></span>alla <span class=\"_ _4\"></span>fine <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>ogni <span class=\"_ _5\"></span>esercizio <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>progressi <span class=\"_ _5\"></span>fatti <span class=\"_ _5\"></span>verso l\u2019adempimento completo <span class=\"_ _1\"></span>dell\u2019obb<span class=\"ff2\">ligazione. Per <span class=\"_ _4\"></span>la <span class=\"_ _1\"></span>valutazione <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>progressi possono <span class=\"_ _1\"></span>essere </span>utilizzati modelli basati su dati <span class=\"_ _1\"></span>di input o <span class=\"_ _1\"></span>su dati di output. Il Gruppo <span class=\"_ _1\"></span>utili<span class=\"_ _0\"></span>zza il Metodo basato sugli input (cost-<span class=\"ls9\">to<span class=\"_ _0\"></span><span class=\"ls0\">-cost method). Secondo<span class=\"_ _0\"></span> tale ultima metodologi<span class=\"_ _0\"></span>a, i ricavi sono rilevati sull<span class=\"_ _0\"></span>a </span></span>base degli<span class=\"_ _0\"></span> input impi<span class=\"_ _0\"></span>egati pe<span class=\"_ _0\"></span>r adempiere <span class=\"_ _0\"></span>l\u2019obbli<span class=\"_ _0\"></span>gazione fino<span class=\"_ _0\"></span> alla <span class=\"_ _0\"></span>data, rispe<span class=\"_ _0\"></span>tto agli <span class=\"_ _0\"></span>input to<span class=\"_ _0\"></span>tali ipotizzati <span class=\"_ _2\"> </span>per <span class=\"_ _2\"> </span>adempiere <span class=\"_ _2\"> </span>l\u2019intera <span class=\"_ _2\"> </span>obbligazione. <span class=\"_ _2\"> </span>Quando <span class=\"_ _2\"> </span>gli <span class=\"_ _2\"> </span>input <span class=\"_ _2\"> </span>risultano <span class=\"_ _2\"> </span>distribuiti uniformemen<span class=\"_ _0\"></span>te <span class=\"_ _14\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>tem<span class=\"_ _0\"></span>po, <span class=\"_ _14\"> </span>la<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>Societ\u00e0 <span class=\"_ _14\"> </span>rileva<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>i <span class=\"_ _14\"> </span>corrispondenti<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>ricavi <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>m<span class=\"_ _1\"></span>aniera <span class=\"_ _16\"> </span>lineare. <span class=\"_ _16\"> </span>In determinate <span class=\"_ _5\"></span>circostanze, <span class=\"_ _a\"></span>quando <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>grado <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>valutare <span class=\"_ _a\"></span>ragionevolmente <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>risultato dell\u2019obbliga<span class=\"_ _0\"></span>zione di fare, i ricavi<span class=\"_ _0\"></span> vengono rilevati s<span class=\"_ _0\"></span>olo fino a concor<span class=\"_ _0\"></span>renza d<span class=\"_ _0\"></span>ei costi sostenu<span class=\"_ _0\"></span>ti.<span class=\"ff2\"> </span>Per le tipolog<span class=\"_ _0\"></span>ie di prodotti e ser<span class=\"_ _0\"></span>vizi prestati si rinvi<span class=\"_ _0\"></span>a alla Nota n. 24<span class=\"_ _0\"></span>. Corrispettivi variabi<span class=\"_ _0\"></span>li Se <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>corrispettivo<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>contrattuale <span class=\"_ _1\"></span>include <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>importo <span class=\"_ _1\"></span>variabile <span class=\"_ _4\"></span>(ad <span class=\"_ _4\"></span>esempio <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>seguito <span class=\"_ _4\"></span>di riduzioni, <span class=\"_ _16\"> </span>sconti, <span class=\"_ _19\"> </span>r<span class=\"_ _1\"></span>imbor<span class=\"_ _0\"></span>si, <span class=\"_ _16\"> </span>crediti, <span class=\"_ _16\"> </span>concessioni <span class=\"_ _16\"> </span>sul <span class=\"_ _19\"> </span>prezzo,<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>incentivi, <span class=\"_ _16\"> </span>premi <span class=\"_ _19\"> </span>di <span class=\"_ _14\"> </span>rendimento,<span class=\"_ _0\"></span> penalit\u00e0 <span class=\"_ _a\"></span>oppure <span class=\"_ _a\"></span>perch\u00e9 <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>corr<span class=\"_ _1\"></span>ispettivo <span class=\"_ _a\"></span>stesso <span class=\"_ _a\"></span>dip<span class=\"_ _0\"></span>ende <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>verificarsi <span class=\"_ _a\"></span>o <span class=\"_ _a\"></span>meno <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>evento futuro <span class=\"_ _1\"></span>incerto), <span class=\"_ _1\"></span>l\u2019importo del <span class=\"_ _1\"></span>corrispettivo <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>ritiene <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>avere <span class=\"_ _4\"></span>diritto deve <span class=\"_ _1\"></span>essere <span class=\"_ _1\"></span>stimato. <span class=\"_ _1\"></span>Il Gruppo <span class=\"_ _16\"> </span><span class=\"ff2\">stima <span class=\"_ _14\"> </span>i <span class=\"_ _16\"> </span>corrispettivi <span class=\"_ _16\"> </span>variabil<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>maniera <span class=\"_ _16\"> </span>coerente <span class=\"_ _14\"> </span>per <span class=\"_ _16\"> </span>fattispecie <span class=\"_ _16\"> </span>simili, <span class=\"_ _16\"> </span>usando <span class=\"_ _16\"> </span>il </span>metodo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>valore <span class=\"_ _2b\"></span>atteso <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>del <span class=\"_ _2b\"></span>valore <span class=\"_ _3\"></span><span class=\"ff6\">dell\u2019importo <span class=\"_ _3\"></span>maggiormen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>probabile; <span class=\"_ _2b\"></span>in <span class=\"_ _3\"></span>seguito, <span class=\"_ _3\"></span>include </span>l\u2019importo <span class=\"_ _1\"></span>stimato <span class=\"_ _4\"></span>del <span class=\"_ _1\"></span>corrispettivo <span class=\"_ _1\"></span>variabile <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>pre<span class=\"_ _0\"></span>zzo <span class=\"_ _4\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>transizione <span class=\"_ _1\"></span>solo <span class=\"_ _4\"></span>nell<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>misura <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>cui tale importo risul<span class=\"_ _0\"></span>ta altamente p<span class=\"_ _0\"></span>robabile. Presenza di una co<span class=\"_ _0\"></span>mponente <span class=\"_ _0\"></span>finanziaria signi<span class=\"_ _0\"></span>ficativa I <span class=\"_ _8\"> </span>ricavi <span class=\"_ _23\"> </span>del <span class=\"_ _8\"> </span>Gruppo <span class=\"_ _23\"> </span>vengono <span class=\"_ _8\"> </span>rettificati <span class=\"_ _23\"> </span>in <span class=\"_ _8\"> </span>presenza <span class=\"_ _23\"> </span>di <span class=\"_ _8\"> </span>componenti<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>finanziarie significative, sia <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>stessa <span class=\"_ _1\"></span>risulta finanziata <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>proprio <span class=\"_ _1\"></span>cliente (incasso anticipato), <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>se lo <span class=\"_ _a\"></span>finanzia <span class=\"_ _5\"></span>(incassi <span class=\"_ _5\"></span>differiti). <span class=\"_ _5\"></span>La <span class=\"_ _a\"></span>presenza <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>componente <span class=\"_ _a\"></span>finanziaria<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>significat<span class=\"_ _1\"></span>iva <span class=\"_ _a\"></span>viene identificata alla <span class=\"_ _1\"></span>stipula <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>contratto, <span class=\"_ _1\"></span>comparando<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>ricavi <span class=\"_ _1\"></span>attesi con <span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>paga<span class=\"_ _0\"></span>menti <span class=\"_ _1\"></span>da r<span class=\"_ _1\"></span>icevere<span class=\"_ _0\"></span>. Essa <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>viene <span class=\"_ _4\"></span>rilevata <span class=\"_ _1\"></span>se <span class=\"_ _5\"></span>tra <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>momento <span class=\"_ _4\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>trasferimento <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>bene/ser<span class=\"_ _0\"></span>vizio <span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>momento del pagamento inte<span class=\"_ _0\"></span>rcorre un pe<span class=\"_ _0\"></span>riodo di tempo<span class=\"_ _0\"></span> inferiore ai 12 mesi.<span class=\"_ _0\"></span> Costi per l\u2019ottenimen<span class=\"_ _0\"></span>to e l\u2019<span class=\"_ _0\"></span>adempimento del cont<span class=\"_ _0\"></span>ratto<span class=\"ff7\"> </span>Il <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>capitalizza <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>sostenuti <span class=\"_ _2b\"></span>per <span class=\"_ _3\"></span>l\u2019ottenimento <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>contratto <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>avrebbe<span class=\"_ _0\"></span> sostenuto <span class=\"_\"> </span>s<span class=\"_ _0\"></span>e <span class=\"_\"> </span>non <span class=\"_\"> </span>l<span class=\"_ _0\"></span>o <span class=\"_\"> </span>av<span class=\"_ _0\"></span>esse <span class=\"_\"> </span>o<span class=\"_ _0\"></span>ttenuto <span class=\"_\"> </span>(es<span class=\"_ _0\"></span>. <span class=\"_\"> </span>co<span class=\"_ _0\"></span>mmissioni<span class=\"_ _0\"></span> <span class=\"_\"> </span>di <span class=\"_\"> </span>vendi<span class=\"_ _0\"></span>ta), <span class=\"_\"> </span>qu<span class=\"_ _0\"></span>ando <span class=\"_\"> </span>pre<span class=\"_ _0\"></span>vede <span class=\"_\"> </span>di<span class=\"_ _0\"></span> recuperarli. <span class=\"_ _2b\"></span>Il <span class=\"_ _3\"></span>Gr<span class=\"ff6\">uppo <span class=\"_ _3\"></span>capitalizza <span class=\"_ _2b\"></span>i <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>sostenuti <span class=\"_ _2b\"></span>per <span class=\"_ _3\"></span>l\u2019adempimen<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>contra<span class=\"_ _0\"></span>tto <span class=\"_ _3\"></span>solo <span class=\"_ _3\"></span>quand<span class=\"_ _0\"></span>o </span>questi <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>direttamen<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>correlati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>contratto,<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>consentono <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>disporre <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>nuove <span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>maggiori risorse per gli<span class=\"_ _0\"></span> adempimenti futuri e<span class=\"_ _0\"></span> si prevede<span class=\"_ _0\"></span> che tali costi<span class=\"_ _0\"></span> saranno recup<span class=\"_ _0\"></span>erati.11.<span class=\"ls0\"> <span class=\"_ _0\"></span>Attivit\u00e0 der<span class=\"_ _0\"></span>ivanti da co<span class=\"_ _0\"></span>ntratto </span>La voce <span class=\"_ _1\"></span>\u201cAttivit\u00e0 <span class=\"_ _1\"></span>derivant<span class=\"_ _0\"></span>i da <span class=\"_ _1\"></span>contratto\u201d, <span class=\"_ _1\"></span>pari a <span class=\"_ _4\"></span><span class=\"ff2\">24,<span class=\"_ _0\"></span>8 <span class=\"_ _1\"></span>milioni di <span class=\"_ _1\"></span>euro, <span class=\"_ _1\"></span>\u00e8 completamente </span>attribuibil<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>Vianini Lavori <span class=\"_ _4\"></span>e si <span class=\"_ _1\"></span>riferisce all\u2019ammontare <span class=\"_ _1\"></span>lordo dovuto <span class=\"_ _1\"></span>dai <span class=\"_ _1\"></span>clienti per <span class=\"_ _4\"></span>i<span class=\"_ _0\"></span> contratti <span class=\"_ _3\"></span>relativi <span class=\"_ _3\"></span>alle <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>messe <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>corso <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>quali <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>sostenuti, <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>margini <span class=\"_ _3\"></span>rilevati <span class=\"_ _3\"></span>(meno le perdite rilevate)<span class=\"_ _0\"></span>, eccedo<span class=\"_ _0\"></span>no la fatturazione di a<span class=\"_ _0\"></span>vanzamento lavori<span class=\"_ _0\"></span>.   Gli <span class=\"_ _0\"></span>accon<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>ricevuti <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>commesse<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>pari <span class=\"_ _3\"></span>a 11<span class=\"_ _0\"></span>,4 <span class=\"_ _0\"></span>mili<span class=\"_ _0\"></span>oni <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>euro al<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _0\"></span><span class=\"ls2\">202<span class=\"ls0\">2<span class=\"ls8\">, </span></span></span>sono classificati<span class=\"_ _0\"></span> tra le passivit\u00e0 derivan<span class=\"_ _0\"></span>ti da cont<span class=\"_ _0\"></span>ratto. Al <span class=\"_ _4\"></span><span class=\"ls0\">31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2022 <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>la<span class=\"_ _0\"></span>vori <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>corso <span class=\"_ _1\"></span>riguardano <span class=\"_ _1\"></span>principalmente <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>relative <span class=\"_ _4\"></span>ai<span class=\"_ _0\"></span> </span>cantieri <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Metropolitana <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>Napoli, <span class=\"_ _3\"></span>Linea <span class=\"_ _3\"></span>1 <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>6 <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>della <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>C <span class=\"_ _0\"></span>della <span class=\"_ _3\"></span>Metropoli<span class=\"_ _0\"></span>tana <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>Roma.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__51-1": {
   "value": "Ricavi da contrat<span class=\"_ _0\"></span>ti con i clien<span class=\"_ _0\"></span>ti  La <span class=\"_ _19\"> </span>Societ\u00e0 <span class=\"_ _19\"> </span>rileva <span class=\"_ _19\"> </span>i <span class=\"_ _19\"> </span>ricavi <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>modo <span class=\"_ _19\"> </span>che <span class=\"_ _16\"> </span>il <span class=\"_ _19\"> </span>trasferimento <span class=\"_ _17\"> </span>al <span class=\"_ _16\"> </span>cliente<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>beni <span class=\"_ _17\"> </span>e/o <span class=\"_ _16\"> </span>servizi <span class=\"_ _17\"> </span>risulti<span class=\"_ _1\"></span> espresso <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>importo <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>rifletta <span class=\"_ _a\"></span>il <span class=\"_ _4\"></span>corrispettivo <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>Societ\u00e0 <span class=\"_ _5\"></span>ritiene <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>avere <span class=\"_ _5\"></span>diritto quale compenso per<span class=\"_ _0\"></span> il trasferimento<span class=\"_ _0\"></span> dei beni e<span class=\"_ _0\"></span>/o servizi stessi. La <span class=\"_ _0\"></span>rilevazion<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>dei <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>icavi <span class=\"_ _3\"></span>avviene <span class=\"_ _0\"></span>attraverso <span class=\"_ _3\"></span>i<span class=\"ff6\">l \u201c<span class=\"ff7\">five <span class=\"_ _3\"></span>step <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>odel <span class=\"_ _3\"></span>framework<span class=\"ff6 lsc\">\u201d </span><span class=\"ff2\">il <span class=\"_ _3\"></span>quale <span class=\"_ _0\"></span>prevede: </span></span></span>1)<span class=\"ls0\"> <span class=\"_ _31\"> </span><span class=\"ff6 lsf\">l\u2019</span>identificazione del<span class=\"_ _0\"></span> contratto; </span>2)<span class=\"ls0\"> <span class=\"_ _31\"> </span><span class=\"ff6 lsf\">l\u2019</span>identificazione dei<span class=\"_ _0\"></span> beni e servizi oggetto<span class=\"_ _0\"></span> del contrat<span class=\"_ _0\"></span>to; </span>3)<span class=\"ls0\"> <span class=\"_ _31\"> </span>la definizione del<span class=\"_ _0\"></span> prezzo dell<span class=\"_ _0\"></span>a transazione; </span>4)<span class=\"ls0\"> <span class=\"_ _31\"> </span><span class=\"ff6 lsf\">l\u2019</span>allocazione delle obbl<span class=\"_ _0\"></span>igazioni contrattuali<span class=\"_ _0\"></span> della componente<span class=\"_ _0\"></span> variabile del <span class=\"_ _0\"></span>prezzo; </span>5)<span class=\"ls0\"> <span class=\"_ _31\"> </span><span class=\"lsf\">il </span>trasferimento del cont<span class=\"_ _0\"></span>rollo. </span>I <span class=\"_ _3\"></span>ricavi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>valutati <span class=\"_ _3\"></span>tenendo <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>dei <span class=\"_ _2b\"></span>termini <span class=\"_ _3\"></span>contrattuali <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>pratiche <span class=\"_ _3\"></span>comme<span class=\"_ _0\"></span>rciali abitualmente <span class=\"_ _19\"> </span>applicate <span class=\"_ _16\"> </span><span class=\"ff6\">nei <span class=\"_ _16\"> </span>rapporti <span class=\"_ _16\"> </span>con <span class=\"_ _16\"> </span>i <span class=\"_ _19\"> </span>clienti. <span class=\"_ _16\"> </span>Il <span class=\"_ _16\"> </span>prezzo <span class=\"_ _16\"> </span>dell\u2019operazi<span class=\"_ _0\"></span>one <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>l\u2019importo <span class=\"_ _19\"> </span>del </span>corrispettivo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(che<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>includere <span class=\"_ _3\"></span>importi <span class=\"_ _3\"></span>fissi, <span class=\"_ _3\"></span>variabili <span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>entrambi<span class=\"_ _0\"></span>) <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cui <span class=\"_ _0\"></span>si <span class=\"_ _3\"></span>ritiene <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>avere <span class=\"_ _0\"></span>dirit<span class=\"_ _0\"></span>to in <span class=\"_ _5\"></span>cambio <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>rasferime<span class=\"_ _0\"></span>nto <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>controllo <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>beni/servizi <span class=\"_ _4\"></span>promessi. <span class=\"_ _5\"></span>Per <span class=\"_ _5\"></span>controllo <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>intende genericamente <span class=\"_ _15\"> </span>la <span class=\"_ _18\"> </span>capacit\u00e0 <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>decidere <span class=\"_ _15\"> </span>dell\u2019uso <span class=\"_ _15\"> </span>dell\u2019attivit\u00e0 <span class=\"_ _18\"> </span>(bene/servi<span class=\"_ _0\"></span>zio) <span class=\"_ _18\"> </span>e <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>trarne sostanzialmente <span class=\"_ _0\"></span>tutti <span class=\"_ _0\"></span>i be<span class=\"_ _0\"></span>nefici <span class=\"_ _0\"></span>rimanenti. <span class=\"_ _0\"></span>Il co<span class=\"_ _0\"></span>rrispettivo<span class=\"_ _0\"></span> totale <span class=\"_ _0\"></span>dei<span class=\"_ _0\"></span> contratti <span class=\"_ _0\"></span>per la<span class=\"_ _0\"></span> pres<span class=\"_ _0\"></span>tazione di <span class=\"_ _3\"></span>servizi <span class=\"_ _3\"></span>viene <span class=\"_ _3\"></span>ripartito <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>tutti <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>servizi <span class=\"_ _3\"></span>sulla <span class=\"_ _2b\"></span>b<span class=\"_ _1\"></span>ase <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>prezzi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>vendita <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>relativi <span class=\"_ _3\"></span>servizi <span class=\"_ _3\"></span>come<span class=\"_ _0\"></span> se fossero stati vendu<span class=\"_ _0\"></span>ti si<span class=\"_ _0\"></span>ngolarmente.  N<span class=\"ff6\">ell\u2019ambi<span class=\"_ _0\"></span>to <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>ciascun <span class=\"_ _a\"></span>contratto, <span class=\"_ _17\"> </span>l\u2019elemen<span class=\"_ _0\"></span>to <span class=\"_ _17\"> </span>di <span class=\"_ _a\"></span>riferimento <span class=\"_ _17\"> </span>per <span class=\"_ _a\"></span>il <span class=\"_ _17\"> </span>riconoscimento<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>dei </span>ricavi <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>singolo <span class=\"_ _1\"></span>obbligo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>prestazione <span class=\"_ _1\"></span>(<span class=\"_ _1\"></span><span class=\"ff7\">performance obbligation</span>). <span class=\"_ _1\"></span>Per <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>obbligazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>di<span class=\"_ _1\"></span> fare, <span class=\"_ _a\"></span>separata<span class=\"_ _0\"></span>mente <span class=\"_ _5\"></span>individuata, <span class=\"_ _a\"></span>l\u2019entit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>rileva <span class=\"_ _5\"></span>i <span class=\"_ _a\"></span>ricavi <span class=\"_ _5\"></span>quando <span class=\"_ _a\"></span>(o <span class=\"_ _a\"></span>man <span class=\"_ _5\"></span>mano <span class=\"_ _a\"></span>che) <span class=\"_ _a\"></span>ade<span class=\"_ _0\"></span>mpie l\u2019obbli<span class=\"_ _0\"></span>gazione <span class=\"_ _6\"> </span>stessa, <span class=\"_ _15\"> </span>trasferendo <span class=\"_ _6\"> </span>al <span class=\"_ _6\"> </span>cliente <span class=\"_ _6\"> </span>il <span class=\"_ _6\"> </span>bene/servizio <span class=\"_ _6\"> </span>(<span class=\"_ _1\"></span>ossia <span class=\"_\"> </span>l\u2019attivit\u00e0) <span class=\"_ _15\"> </span>promesso.<span class=\"_ _0\"></span> L\u2019attivit\u00e0 \u00e8 trasfe<span class=\"_ _0\"></span>rita quand<span class=\"_ _0\"></span>o (o man mano<span class=\"_ _0\"></span> che<span class=\"ff2\">) il cliente ne acquisi<span class=\"_ _0\"></span>sce il c<span class=\"_ _0\"></span>ontrollo.  </span>Per <span class=\"_ _1\"></span>le obbligazioni di f<span class=\"_ _1\"></span>are adempiute <span class=\"_ _1\"></span>nel corso del <span class=\"_ _1\"></span>tempo i <span class=\"_ _1\"></span>ricavi vengono rilevati <span class=\"_ _1\"></span>nel corso <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>tempo <span class=\"_ _4\"></span>(<span class=\"_ _1\"></span>over<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>the <span class=\"_ _5\"></span>time), <span class=\"_ _5\"></span>valutando <span class=\"_ _5\"></span>alla <span class=\"_ _4\"></span>fine <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>ogni <span class=\"_ _5\"></span>esercizio <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>progressi <span class=\"_ _5\"></span>fatti <span class=\"_ _5\"></span>verso l\u2019adempimento completo <span class=\"_ _1\"></span>dell\u2019obb<span class=\"ff2\">ligazione. Per <span class=\"_ _4\"></span>la <span class=\"_ _1\"></span>valutazione <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>progressi possono <span class=\"_ _1\"></span>essere </span>utilizzati modelli basati su dati <span class=\"_ _1\"></span>di input o <span class=\"_ _1\"></span>su dati di output. Il Gruppo <span class=\"_ _1\"></span>utili<span class=\"_ _0\"></span>zza il Metodo basato sugli input (cost-<span class=\"ls9\">to<span class=\"_ _0\"></span><span class=\"ls0\">-cost method). Secondo<span class=\"_ _0\"></span> tale ultima metodologi<span class=\"_ _0\"></span>a, i ricavi sono rilevati sull<span class=\"_ _0\"></span>a </span></span>base degli<span class=\"_ _0\"></span> input impi<span class=\"_ _0\"></span>egati pe<span class=\"_ _0\"></span>r adempiere <span class=\"_ _0\"></span>l\u2019obbli<span class=\"_ _0\"></span>gazione fino<span class=\"_ _0\"></span> alla <span class=\"_ _0\"></span>data, rispe<span class=\"_ _0\"></span>tto agli <span class=\"_ _0\"></span>input to<span class=\"_ _0\"></span>tali ipotizzati <span class=\"_ _2\"> </span>per <span class=\"_ _2\"> </span>adempiere <span class=\"_ _2\"> </span>l\u2019intera <span class=\"_ _2\"> </span>obbligazione. <span class=\"_ _2\"> </span>Quando <span class=\"_ _2\"> </span>gli <span class=\"_ _2\"> </span>input <span class=\"_ _2\"> </span>risultano <span class=\"_ _2\"> </span>distribuiti uniformemen<span class=\"_ _0\"></span>te <span class=\"_ _14\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>tem<span class=\"_ _0\"></span>po, <span class=\"_ _14\"> </span>la<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>Societ\u00e0 <span class=\"_ _14\"> </span>rileva<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>i <span class=\"_ _14\"> </span>corrispondenti<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>ricavi <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>m<span class=\"_ _1\"></span>aniera <span class=\"_ _16\"> </span>lineare. <span class=\"_ _16\"> </span>In determinate <span class=\"_ _5\"></span>circostanze, <span class=\"_ _a\"></span>quando <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>grado <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>valutare <span class=\"_ _a\"></span>ragionevolmente <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>risultato dell\u2019obbliga<span class=\"_ _0\"></span>zione di fare, i ricavi<span class=\"_ _0\"></span> vengono rilevati s<span class=\"_ _0\"></span>olo fino a concor<span class=\"_ _0\"></span>renza d<span class=\"_ _0\"></span>ei costi sostenu<span class=\"_ _0\"></span>ti.<span class=\"ff2\"> </span>Per le tipolog<span class=\"_ _0\"></span>ie di prodotti e ser<span class=\"_ _0\"></span>vizi prestati si rinvi<span class=\"_ _0\"></span>a alla Nota n. 24<span class=\"_ _0\"></span>. Corrispettivi variabi<span class=\"_ _0\"></span>li Se <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>corrispettivo<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>contrattuale <span class=\"_ _1\"></span>include <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>importo <span class=\"_ _1\"></span>variabile <span class=\"_ _4\"></span>(ad <span class=\"_ _4\"></span>esempio <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>seguito <span class=\"_ _4\"></span>di riduzioni, <span class=\"_ _16\"> </span>sconti, <span class=\"_ _19\"> </span>r<span class=\"_ _1\"></span>imbor<span class=\"_ _0\"></span>si, <span class=\"_ _16\"> </span>crediti, <span class=\"_ _16\"> </span>concessioni <span class=\"_ _16\"> </span>sul <span class=\"_ _19\"> </span>prezzo,<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>incentivi, <span class=\"_ _16\"> </span>premi <span class=\"_ _19\"> </span>di <span class=\"_ _14\"> </span>rendimento,<span class=\"_ _0\"></span> penalit\u00e0 <span class=\"_ _a\"></span>oppure <span class=\"_ _a\"></span>perch\u00e9 <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>corr<span class=\"_ _1\"></span>ispettivo <span class=\"_ _a\"></span>stesso <span class=\"_ _a\"></span>dip<span class=\"_ _0\"></span>ende <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>verificarsi <span class=\"_ _a\"></span>o <span class=\"_ _a\"></span>meno <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>evento futuro <span class=\"_ _1\"></span>incerto), <span class=\"_ _1\"></span>l\u2019importo del <span class=\"_ _1\"></span>corrispettivo <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>ritiene <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>avere <span class=\"_ _4\"></span>diritto deve <span class=\"_ _1\"></span>essere <span class=\"_ _1\"></span>stimato. <span class=\"_ _1\"></span>Il Gruppo <span class=\"_ _16\"> </span><span class=\"ff2\">stima <span class=\"_ _14\"> </span>i <span class=\"_ _16\"> </span>corrispettivi <span class=\"_ _16\"> </span>variabil<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>maniera <span class=\"_ _16\"> </span>coerente <span class=\"_ _14\"> </span>per <span class=\"_ _16\"> </span>fattispecie <span class=\"_ _16\"> </span>simili, <span class=\"_ _16\"> </span>usando <span class=\"_ _16\"> </span>il </span>metodo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>valore <span class=\"_ _2b\"></span>atteso <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>del <span class=\"_ _2b\"></span>valore <span class=\"_ _3\"></span><span class=\"ff6\">dell\u2019importo <span class=\"_ _3\"></span>maggiormen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>probabile; <span class=\"_ _2b\"></span>in <span class=\"_ _3\"></span>seguito, <span class=\"_ _3\"></span>include </span>l\u2019importo <span class=\"_ _1\"></span>stimato <span class=\"_ _4\"></span>del <span class=\"_ _1\"></span>corrispettivo <span class=\"_ _1\"></span>variabile <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>pre<span class=\"_ _0\"></span>zzo <span class=\"_ _4\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>transizione <span class=\"_ _1\"></span>solo <span class=\"_ _4\"></span>nell<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>misura <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>cui tale importo risul<span class=\"_ _0\"></span>ta altamente p<span class=\"_ _0\"></span>robabile. Presenza di una co<span class=\"_ _0\"></span>mponente <span class=\"_ _0\"></span>finanziaria signi<span class=\"_ _0\"></span>ficativa I <span class=\"_ _8\"> </span>ricavi <span class=\"_ _23\"> </span>del <span class=\"_ _8\"> </span>Gruppo <span class=\"_ _23\"> </span>vengono <span class=\"_ _8\"> </span>rettificati <span class=\"_ _23\"> </span>in <span class=\"_ _8\"> </span>presenza <span class=\"_ _23\"> </span>di <span class=\"_ _8\"> </span>componenti<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>finanziarie significative, sia <span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>stessa <span class=\"_ _1\"></span>risulta finanziata <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>proprio <span class=\"_ _1\"></span>cliente (incasso anticipato), <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>se lo <span class=\"_ _a\"></span>finanzia <span class=\"_ _5\"></span>(incassi <span class=\"_ _5\"></span>differiti). <span class=\"_ _5\"></span>La <span class=\"_ _a\"></span>presenza <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>componente <span class=\"_ _a\"></span>finanziaria<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>significat<span class=\"_ _1\"></span>iva <span class=\"_ _a\"></span>viene identificata alla <span class=\"_ _1\"></span>stipula <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>contratto, <span class=\"_ _1\"></span>comparando<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>ricavi <span class=\"_ _1\"></span>attesi con <span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>paga<span class=\"_ _0\"></span>menti <span class=\"_ _1\"></span>da r<span class=\"_ _1\"></span>icevere<span class=\"_ _0\"></span>. Essa <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>viene <span class=\"_ _4\"></span>rilevata <span class=\"_ _1\"></span>se <span class=\"_ _5\"></span>tra <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>momento <span class=\"_ _4\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>trasferimento <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>bene/ser<span class=\"_ _0\"></span>vizio <span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>momento del pagamento inte<span class=\"_ _0\"></span>rcorre un pe<span class=\"_ _0\"></span>riodo di tempo<span class=\"_ _0\"></span> inferiore ai 12 mesi.<span class=\"_ _0\"></span> Costi per l\u2019ottenimen<span class=\"_ _0\"></span>to e l\u2019<span class=\"_ _0\"></span>adempimento del cont<span class=\"_ _0\"></span>ratto<span class=\"ff7\"> </span>Il <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>capitalizza <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>sostenuti <span class=\"_ _2b\"></span>per <span class=\"_ _3\"></span>l\u2019ottenimento <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>contratto <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>avrebbe<span class=\"_ _0\"></span> sostenuto <span class=\"_\"> </span>s<span class=\"_ _0\"></span>e <span class=\"_\"> </span>non <span class=\"_\"> </span>l<span class=\"_ _0\"></span>o <span class=\"_\"> </span>av<span class=\"_ _0\"></span>esse <span class=\"_\"> </span>o<span class=\"_ _0\"></span>ttenuto <span class=\"_\"> </span>(es<span class=\"_ _0\"></span>. <span class=\"_\"> </span>co<span class=\"_ _0\"></span>mmissioni<span class=\"_ _0\"></span> <span class=\"_\"> </span>di <span class=\"_\"> </span>vendi<span class=\"_ _0\"></span>ta), <span class=\"_\"> </span>qu<span class=\"_ _0\"></span>ando <span class=\"_\"> </span>pre<span class=\"_ _0\"></span>vede <span class=\"_\"> </span>di<span class=\"_ _0\"></span> recuperarli. <span class=\"_ _2b\"></span>Il <span class=\"_ _3\"></span>Gr<span class=\"ff6\">uppo <span class=\"_ _3\"></span>capitalizza <span class=\"_ _2b\"></span>i <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>sostenuti <span class=\"_ _2b\"></span>per <span class=\"_ _3\"></span>l\u2019adempimen<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>contra<span class=\"_ _0\"></span>tto <span class=\"_ _3\"></span>solo <span class=\"_ _3\"></span>quand<span class=\"_ _0\"></span>o </span>questi <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>direttamen<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>correlati <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>contratto,<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>consentono <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>disporre <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>nuove <span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>maggiori risorse per gli<span class=\"_ _0\"></span> adempimenti futuri e<span class=\"_ _0\"></span> si prevede<span class=\"_ _0\"></span> che tali costi<span class=\"_ _0\"></span> saranno recup<span class=\"_ _0\"></span>erati.24.<span class=\"ls0\"> <span class=\"_ _0\"></span>Ricavi ope<span class=\"_ _0\"></span>rativi <span class=\"_ _3e\"> </span> <span class=\"_ _3c\"> </span> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Ricavi   1.917.438   1.551.818  Variazione delle rimanenze  18.507 13.980 Incrementi immobilizzazioni per lavori interni          <span class=\"ls0\">7.300 <span class=\"_ _0\"></span> </span>         <span class=\"ls0\">9.260 <span class=\"_ _0\"></span> </span>Altri ricavi operativi        <span class=\"ls0\">47.764 <span class=\"_ _0\"></span> </span>       <span class=\"ls0\">46.010  </span>Totale ricavi operativi  1.991.009   1.621.068  di cui verso correlate 55.846 41.781 Di seguito si ripo<span class=\"_ _0\"></span>rtano i ricavi<span class=\"_ _0\"></span> per area geografica <span class=\"_ _0\"></span>e prodotto: <span class=\"_ _3f\"> </span> 2022<span class=\"ls0\"> </span>Poste non Nordic Nord Asia Gruppo Belgio Turchia Egitto Italia allocate e (Euro \u2018000)<span class=\"ff2\"> </span>&amp; Baltic America Pacifico Caltagirone rettifiche** Cemento 456.986 179.335 177.418 197.768 57.113 124.563 - (62.527) 1.130.656 Calcestruzzo<span class=\"_ _0\"></span> 369.753 90.605 - 70.295 - - - - 530.653 Aggregati 29.496 64.455 - 4.640 - 2.936 - - 101.527 Waste<span class=\"ls0\"> </span>- - - 9.638 - - - - 9.638 Ricavi editoria<span class=\"_ _0\"></span>li 46.158 46.158 Ricavi pubblicitar<span class=\"_ _0\"></span>i 59.847 59.847 Costruzioni 76.444 76.444 Gestione Immo<span class=\"_ _0\"></span>biliare 8.115 8.115 Altre attivit\u00e0<span class=\"_ _0\"></span> - - 18.952 19.541 - - 214.228 (47.448) 205.273 Poste non alloca<span class=\"_ _0\"></span>te e (47.721) - (30.985) - (2.911) - (169.256) (250.873) rettifiche Ricavi 808.514 334.395 196.370 270.897 57.113 124.588 404.792 (279.231) 1.917.438 2021<span class=\"ls0\"> </span>Poste non Nordic Nord Asia Gruppo Belgio Turchia Egitto Italia allocate e (Euro \u2018000)<span class=\"ff2\"> </span>&amp; Baltic America Pacifico Caltagirone rettifiche** Cemento 353.598 137.595 139.819 123.766 50.730 107.900 - (59.612) 853.796 Calcestruzzo<span class=\"_ _0\"></span> 323.781 81.612 - 43.239 - - - - 448.632 Aggregati 33.891 55.753 - 1.926 - 2.572 - - 94.142 Waste<span class=\"ls0\"> </span>- - - 12.243 - - - - 12.243 Ricavi editoria<span class=\"_ _0\"></span>li 50.818 50.818 Ricavi pubblicitar<span class=\"_ _0\"></span>i 60.491 60.491 Costruzioni 68.370 68.370 Gestione Immo<span class=\"_ _0\"></span>biliare 8.263 8.263 Altre attivit\u00e0<span class=\"_ _0\"></span> - - 15.659 11.702 - - 140.678 (35.997) 132.042 Poste non alloca<span class=\"_ _0\"></span>te e (37.999) (3)<span class=\"ls0\"> </span>- (19.614) - (2.455) - (116.908) (176.979) rettifiche Ricavi 673.271 274.957 155.478 173.262 50.730 108.017 328.620 (212.517) 1.551.818 Il dettaglio degli<span class=\"_ _0\"></span> Altri ricavi operativi<span class=\"_ _0\"></span> \u00e8 evidenziato<span class=\"_ _0\"></span> nella seguente<span class=\"_ _0\"></span> tabella: 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Rivalutazione investimenti 21.790 18.267 immobiliari Plusvalenze da alienazione 2.460 2.129 Altri ricavi da societ\u00e0 consortili 2.427 2.000 Sopravvenienze attive 561<span class=\"ls0\"> </span>836<span class=\"ls0\"> </span>Recupero spese da terzi 1.883 1.754 Fitti, canoni e noleggi 1.412 1.178 Utilizzo fondo rischi 283<span class=\"ls0\"> </span>1.975 Crediti di imposta per \"Super ACE\" - 3.757 Contributi in conto esercizio 3.519 711<span class=\"ls0\"> </span>Altri ricavi diversi 13.428 13.403 Totale altri ricavi operativi 47.764 46.010",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__55": {
   "value": "Proventi e oneri<span class=\"_ _0\"></span> finanziari  I proventi e gli oneri <span class=\"_ _0\"></span>finanzi<span class=\"_ _0\"></span>ari sono rilevati per<span class=\"_ _0\"></span> competenza<span class=\"_ _0\"></span> sulla base deg<span class=\"_ _0\"></span>li interessi maturati sul valore<span class=\"_ _0\"></span> netto dell<span class=\"_ _0\"></span>e relative attivit\u00e0 e pa<span class=\"_ _0\"></span>ssivit\u00e0 finanziarie<span class=\"_ _0\"></span> utilizzando i<span class=\"_ _0\"></span>l tasso di interesse effet<span class=\"_ _0\"></span>tivo, utilizzando cio\u00e8<span class=\"_ _0\"></span> il tasso di inter<span class=\"_ _0\"></span>esse che rende finanzi<span class=\"_ _0\"></span>ariamente<span class=\"_ _0\"></span> equivalenti tutti i <span class=\"_ _0\"></span>flussi in entra<span class=\"_ _0\"></span>ta ed in uscita che<span class=\"_ _0\"></span> compongono una<span class=\"_ _0\"></span> deter<span class=\"_ _0\"></span>minata operazione.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__54": {
   "value": "Proventi e oneri<span class=\"_ _0\"></span> finanziari  I proventi e gli oneri <span class=\"_ _0\"></span>finanzi<span class=\"_ _0\"></span>ari sono rilevati per<span class=\"_ _0\"></span> competenza<span class=\"_ _0\"></span> sulla base deg<span class=\"_ _0\"></span>li interessi maturati sul valore<span class=\"_ _0\"></span> netto dell<span class=\"_ _0\"></span>e relative attivit\u00e0 e pa<span class=\"_ _0\"></span>ssivit\u00e0 finanziarie<span class=\"_ _0\"></span> utilizzando i<span class=\"_ _0\"></span>l tasso di interesse effet<span class=\"_ _0\"></span>tivo, utilizzando cio\u00e8<span class=\"_ _0\"></span> il tasso di inter<span class=\"_ _0\"></span>esse che rende finanzi<span class=\"_ _0\"></span>ariamente<span class=\"_ _0\"></span> equivalenti tutti i <span class=\"_ _0\"></span>flussi in entra<span class=\"_ _0\"></span>ta ed in uscita che<span class=\"_ _0\"></span> compongono una<span class=\"_ _0\"></span> deter<span class=\"_ _0\"></span>minata operazione.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__53": {
   "value": "Proventi e oneri<span class=\"_ _0\"></span> finanziari  I proventi e gli oneri <span class=\"_ _0\"></span>finanzi<span class=\"_ _0\"></span>ari sono rilevati per<span class=\"_ _0\"></span> competenza<span class=\"_ _0\"></span> sulla base deg<span class=\"_ _0\"></span>li interessi maturati sul valore<span class=\"_ _0\"></span> netto dell<span class=\"_ _0\"></span>e relative attivit\u00e0 e pa<span class=\"_ _0\"></span>ssivit\u00e0 finanziarie<span class=\"_ _0\"></span> utilizzando i<span class=\"_ _0\"></span>l tasso di interesse effet<span class=\"_ _0\"></span>tivo, utilizzando cio\u00e8<span class=\"_ _0\"></span> il tasso di inter<span class=\"_ _0\"></span>esse che rende finanzi<span class=\"_ _0\"></span>ariamente<span class=\"_ _0\"></span> equivalenti tutti i <span class=\"_ _0\"></span>flussi in entra<span class=\"_ _0\"></span>ta ed in uscita che<span class=\"_ _0\"></span> compongono una<span class=\"_ _0\"></span> deter<span class=\"_ _0\"></span>minata operazione.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__56": {
   "value": "Dividendi I <span class=\"_ _6\"> </span>dividendi <span class=\"_ _6\"> </span>sono <span class=\"_ _6\"> </span>rilevati <span class=\"_ _6\"> </span>quando <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _6\"> </span>stabilito <span class=\"_ _6\"> </span>il <span class=\"_ _6\"> </span>diritto <span class=\"_ _6\"> </span>degli <span class=\"_ _6\"> </span>azionisti <span class=\"_ _6\"> </span>a <span class=\"_ _6\"> </span>ricevere <span class=\"_ _6\"> </span>il pagamento <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>normalmente<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>corrisponde <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>delibera <span class=\"_ _a\"></span>assembleare <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>distribuzione<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>degli stessi. La dist<span class=\"_ _0\"></span>ribuzione di<span class=\"_ _0\"></span> dividendi a<span class=\"_ _0\"></span> terzi vien<span class=\"_ _0\"></span>e quindi<span class=\"_ _0\"></span> registrata come<span class=\"_ _0\"></span> passivi<span class=\"_ _0\"></span>t\u00e0 nel Bil<span class=\"_ _0\"></span>ancio nel periodo in cui la<span class=\"_ _0\"></span> distribuzi<span class=\"_ _0\"></span>one viene approvata<span class=\"_ _0\"></span> dall\u2019Assembl<span class=\"_ _0\"></span>ea degli Azioni<span class=\"_ _0\"></span>sti.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__58": {
   "value": "Imposte Le <span class=\"_ _5\"></span>imposte <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>reddito <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>periodo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>determinate <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>base <span class=\"_ _a\"></span>alla<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>stima <span class=\"_ _5\"></span>del reddito <span class=\"_ _0\"></span>imponibi<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>conformit\u00e0 <span class=\"_ _3\"></span>alle <span class=\"_ _0\"></span>disposizion<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>in vigo<span class=\"_ _0\"></span>re; <span class=\"_ _0\"></span>si <span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>iene <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onto, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>noltre, <span class=\"_ _0\"></span>degli<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>effetti derivanti <span class=\"_ _16\"> </span>dall\u2019attivazion<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>nell\u2019ambito <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>alcune <span class=\"_ _16\"> </span>societ\u00e0 <span class=\"_ _16\"> </span>del <span class=\"_ _14\"> </span><span class=\"ff2\">Gruppo <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>consoli<span class=\"_ _0\"></span>dato <span class=\"_ _16\"> </span>fiscale </span>nazionale. Le <span class=\"_ _4\"></span>imposte<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>differite<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>attive <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>passive <span class=\"_ _1\"></span>sono <span class=\"_ _4\"></span>calcolate <span class=\"_ _1\"></span>sulle <span class=\"_ _4\"></span>differenze<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>temporanee<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>tra <span class=\"_ _1\"></span>i valori <span class=\"_ _a\"></span>patrimonial<span class=\"_ _0\"></span>i <span class=\"_ _a\"></span>iscritti <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>Bilanci<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>ed <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>corrispondenti <span class=\"_ _5\"></span>valori <span class=\"_ _a\"></span>riconosciuti <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>fini <span class=\"_ _a\"></span>fiscali, <span class=\"_ _a\"></span>in<span class=\"_ _0\"></span> base alle aliquote fiscali<span class=\"_ _0\"></span> e alla normativa fiscale vi<span class=\"_ _0\"></span>genti o sostanzialmente <span class=\"_ _0\"></span>in vigore alla data di riferimento del<span class=\"_ _0\"></span> bilancio. L\u2019iscrizione <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _14\"> </span>per <span class=\"_ _16\"> </span>imposte <span class=\"_ _14\"> </span><span class=\"ff2\">differite <span class=\"_ _14\"> </span>\u00e8 <span class=\"_ _14\"> </span>ef<span class=\"_ _0\"></span>fettuata <span class=\"_ _16\"> </span>quando <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>loro <span class=\"_ _16\"> </span>recupero <span class=\"_ _14\"> </span>\u00e8 </span>probabile, cio\u00e8 quando si prevede che po<span class=\"_ _0\"></span>ssano rendersi dispo<span class=\"_ _0\"></span>nibili in futuro imponibili<span class=\"_ _0\"></span> fiscali sufficienti a recup<span class=\"_ _0\"></span>erare l\u2019attivit\u00e0<span class=\"_ _0\"></span>.<span class=\"ff2\"> </span>La <span class=\"_ _5\"></span>recuperabilit\u00e0 <span class=\"_ _5\"></span>delle <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>imposte <span class=\"_ _5\"></span>differite <span class=\"_ _5\"></span>attive <span class=\"_ _5\"></span>viene <span class=\"_ _a\"></span>riesamina<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>ad <span class=\"_ _a\"></span>ogni chiusura di period<span class=\"_ _0\"></span>o. Le <span class=\"_ _a\"></span>imposte <span class=\"_ _a\"></span>correnti<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>differite <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>rilevate <span class=\"_ _a\"></span>nel <span class=\"_ _5\"></span>Conto <span class=\"_ _a\"></span>economico, <span class=\"_ _a\"></span>ad <span class=\"_ _a\"></span>eccezione <span class=\"_ _5\"></span>di<span class=\"_ _1\"></span> quelle <span class=\"_ _4\"></span>relative <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>voci <span class=\"_ _5\"></span>direttamente<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>addebitate <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>accreditate <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>Patrimonio <span class=\"_ _4\"></span>netto <span class=\"_ _5\"></span>attraverso <span class=\"_ _4\"></span>il conto <span class=\"_ _16\"> </span>economico <span class=\"_ _19\"> </span>complessivo,<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>nei <span class=\"_ _16\"> </span>cui <span class=\"_ _16\"> </span>casi <span class=\"_ _16\"> </span>l\u2019effetto <span class=\"_ _19\"> </span>fiscale <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _19\"> </span>riconosciuto <span class=\"_ _16\"> </span>direttamente <span class=\"_ _19\"> </span>a Patrimonio <span class=\"_ _a\"></span>netto. <span class=\"_ _17\"> </span>Le <span class=\"_ _19\"> </span>imposte<span class=\"_ _0\"></span> <span class=\"_ _17\"></span>correnti <span class=\"_ _17\"></span>e <span class=\"_ _17\"></span>differite <span class=\"_ _17\"></span>sono <span class=\"_ _17\"></span>compensate<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>quando <span class=\"_ _19\"> </span>le <span class=\"_ _17\"></span>imposte <span class=\"_ _a\"></span>sul reddito <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>applicate <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>medesima <span class=\"_ _3\"></span>autorit\u00e0 <span class=\"_ _3\"></span>fiscale, <span class=\"_ _3\"></span>vi <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>diritto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>legale <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>compensazione ed \u00e8 attesa una liqu<span class=\"_ _0\"></span>idazione del saldo<span class=\"_ _0\"></span> netto.  Le <span class=\"_ _4\"></span>altre <span class=\"_ _4\"></span>imposte<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>cor<span class=\"_ _0\"></span>relate <span class=\"_ _4\"></span>al <span class=\"_ _1\"></span>reddito, <span class=\"_ _4\"></span>come <span class=\"_ _4\"></span>le <span class=\"_ _1\"></span>tasse <span class=\"_ _4\"></span>sugli <span class=\"_ _4\"></span>immobili<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>incluse tra gli Altri costi ope<span class=\"_ _0\"></span>rativi.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__57": {
   "value": "Imposte Le <span class=\"_ _5\"></span>imposte <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>reddito <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>periodo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>determinate <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>base <span class=\"_ _a\"></span>alla<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>stima <span class=\"_ _5\"></span>del reddito <span class=\"_ _0\"></span>imponibi<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>conformit\u00e0 <span class=\"_ _3\"></span>alle <span class=\"_ _0\"></span>disposizion<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>in vigo<span class=\"_ _0\"></span>re; <span class=\"_ _0\"></span>si <span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>iene <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onto, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>noltre, <span class=\"_ _0\"></span>degli<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>effetti derivanti <span class=\"_ _16\"> </span>dall\u2019attivazion<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>nell\u2019ambito <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>alcune <span class=\"_ _16\"> </span>societ\u00e0 <span class=\"_ _16\"> </span>del <span class=\"_ _14\"> </span><span class=\"ff2\">Gruppo <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>consoli<span class=\"_ _0\"></span>dato <span class=\"_ _16\"> </span>fiscale </span>nazionale. Le <span class=\"_ _4\"></span>imposte<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>differite<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>attive <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>passive <span class=\"_ _1\"></span>sono <span class=\"_ _4\"></span>calcolate <span class=\"_ _1\"></span>sulle <span class=\"_ _4\"></span>differenze<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>temporanee<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>tra <span class=\"_ _1\"></span>i valori <span class=\"_ _a\"></span>patrimonial<span class=\"_ _0\"></span>i <span class=\"_ _a\"></span>iscritti <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>Bilanci<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>ed <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>corrispondenti <span class=\"_ _5\"></span>valori <span class=\"_ _a\"></span>riconosciuti <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>fini <span class=\"_ _a\"></span>fiscali, <span class=\"_ _a\"></span>in<span class=\"_ _0\"></span> base alle aliquote fiscali<span class=\"_ _0\"></span> e alla normativa fiscale vi<span class=\"_ _0\"></span>genti o sostanzialmente <span class=\"_ _0\"></span>in vigore alla data di riferimento del<span class=\"_ _0\"></span> bilancio. L\u2019iscrizione <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _14\"> </span>per <span class=\"_ _16\"> </span>imposte <span class=\"_ _14\"> </span><span class=\"ff2\">differite <span class=\"_ _14\"> </span>\u00e8 <span class=\"_ _14\"> </span>ef<span class=\"_ _0\"></span>fettuata <span class=\"_ _16\"> </span>quando <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>loro <span class=\"_ _16\"> </span>recupero <span class=\"_ _14\"> </span>\u00e8 </span>probabile, cio\u00e8 quando si prevede che po<span class=\"_ _0\"></span>ssano rendersi dispo<span class=\"_ _0\"></span>nibili in futuro imponibili<span class=\"_ _0\"></span> fiscali sufficienti a recup<span class=\"_ _0\"></span>erare l\u2019attivit\u00e0<span class=\"_ _0\"></span>.<span class=\"ff2\"> </span>La <span class=\"_ _5\"></span>recuperabilit\u00e0 <span class=\"_ _5\"></span>delle <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>imposte <span class=\"_ _5\"></span>differite <span class=\"_ _5\"></span>attive <span class=\"_ _5\"></span>viene <span class=\"_ _a\"></span>riesamina<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>ad <span class=\"_ _a\"></span>ogni chiusura di period<span class=\"_ _0\"></span>o. Le <span class=\"_ _a\"></span>imposte <span class=\"_ _a\"></span>correnti<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>differite <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>rilevate <span class=\"_ _a\"></span>nel <span class=\"_ _5\"></span>Conto <span class=\"_ _a\"></span>economico, <span class=\"_ _a\"></span>ad <span class=\"_ _a\"></span>eccezione <span class=\"_ _5\"></span>di<span class=\"_ _1\"></span> quelle <span class=\"_ _4\"></span>relative <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>voci <span class=\"_ _5\"></span>direttamente<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>addebitate <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>accreditate <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>Patrimonio <span class=\"_ _4\"></span>netto <span class=\"_ _5\"></span>attraverso <span class=\"_ _4\"></span>il conto <span class=\"_ _16\"> </span>economico <span class=\"_ _19\"> </span>complessivo,<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>nei <span class=\"_ _16\"> </span>cui <span class=\"_ _16\"> </span>casi <span class=\"_ _16\"> </span>l\u2019effetto <span class=\"_ _19\"> </span>fiscale <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _19\"> </span>riconosciuto <span class=\"_ _16\"> </span>direttamente <span class=\"_ _19\"> </span>a Patrimonio <span class=\"_ _a\"></span>netto. <span class=\"_ _17\"> </span>Le <span class=\"_ _19\"> </span>imposte<span class=\"_ _0\"></span> <span class=\"_ _17\"></span>correnti <span class=\"_ _17\"></span>e <span class=\"_ _17\"></span>differite <span class=\"_ _17\"></span>sono <span class=\"_ _17\"></span>compensate<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>quando <span class=\"_ _19\"> </span>le <span class=\"_ _17\"></span>imposte <span class=\"_ _a\"></span>sul reddito <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>applicate <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>medesima <span class=\"_ _3\"></span>autorit\u00e0 <span class=\"_ _3\"></span>fiscale, <span class=\"_ _3\"></span>vi <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>diritto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>legale <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>compensazione ed \u00e8 attesa una liqu<span class=\"_ _0\"></span>idazione del saldo<span class=\"_ _0\"></span> netto.  Le <span class=\"_ _4\"></span>altre <span class=\"_ _4\"></span>imposte<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>cor<span class=\"_ _0\"></span>relate <span class=\"_ _4\"></span>al <span class=\"_ _1\"></span>reddito, <span class=\"_ _4\"></span>come <span class=\"_ _4\"></span>le <span class=\"_ _1\"></span>tasse <span class=\"_ _4\"></span>sugli <span class=\"_ _4\"></span>immobili<span class=\"_ _0\"></span>, <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>incluse tra gli Altri costi ope<span class=\"_ _0\"></span>rativi.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__60": {
   "value": "Discontinued <span class=\"_ _0\"></span>Operations e a<span class=\"_ _0\"></span>ttivit\u00e0 non<span class=\"_ _0\"></span> correnti possedute<span class=\"_ _0\"></span> per la ven<span class=\"_ _0\"></span>dita Le <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>non<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>correnti <span class=\"_ _3\"></span>(o <span class=\"_ _0\"></span>gruppi <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>dismission<span class=\"_ _0\"></span>e) <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>cui <span class=\"_ _0\"></span>valore<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>contabile<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sar\u00e0 <span class=\"_ _3\"></span>recuperato principalmente a<span class=\"_ _0\"></span>ttraverso <span class=\"_ _0\"></span>la vendi<span class=\"_ _0\"></span>ta anzich\u00e9 con<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>il loro util<span class=\"_ _0\"></span>izzo continuativ<span class=\"_ _0\"></span>o sono <span class=\"_ _0\"></span>classificate<span class=\"_ _0\"></span> come possedu<span class=\"_ _0\"></span>te per l<span class=\"_ _0\"></span>a ven<span class=\"_ _0\"></span>dita e rapp<span class=\"_ _0\"></span>resentate s<span class=\"_ _0\"></span>eparatamente<span class=\"_ _0\"></span> dalle <span class=\"_ _0\"></span>altre attivi<span class=\"_ _0\"></span>t\u00e0 e pa<span class=\"_ _0\"></span>ssivit\u00e0<span class=\"_ _0\"></span> della <span class=\"_ _15\"> </span>situazione <span class=\"_ _18\"> </span>finanziaria-<span class=\"ff6\">patrimonial<span class=\"_ _0\"></span>e. <span class=\"_ _18\"> </span>Perch\u00e9 <span class=\"_ _15\"> </span>ci\u00f2 <span class=\"_ _18\"> </span>si <span class=\"_ _18\"> </span>verifichi, <span class=\"_ _15\"> </span>l\u2019attivit\u00e0 <span class=\"_ _18\"> </span>(o <span class=\"_ _15\"> </span>gruppo <span class=\"_ _18\"> </span>in </span>dismissione)<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>deve essere disponibile per <span class=\"_ _1\"></span>la vendita immediata nella sua <span class=\"_ _1\"></span>condizi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>attuale, soggetta a <span class=\"_ _3\"></span>condizioni <span class=\"_ _0\"></span>che son<span class=\"_ _0\"></span>o d\u2019<span class=\"_ _0\"></span>uso e <span class=\"_ _0\"></span>consuetu<span class=\"_ _0\"></span>dine <span class=\"_ _0\"></span>per l<span class=\"_ _0\"></span>a vendi<span class=\"_ _0\"></span>ta di<span class=\"_ _0\"></span> tali<span class=\"_ _0\"></span> attivit\u00e0 <span class=\"_ _3\"></span>(o gruppi <span class=\"_ _0\"></span>in dismissione) <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>la <span class=\"_ _16\"> </span>vendit<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>deve <span class=\"_ _19\"> </span>essere <span class=\"_ _16\"> </span>altament<span class=\"_ _0\"></span>e <span class=\"_ _19\"> </span>probabile <span class=\"_ _19\"> </span>entro <span class=\"_ _16\"> </span>un <span class=\"_ _19\"> </span>anno. <span class=\"_ _19\"> </span>Se <span class=\"_ _19\"> </span>tali <span class=\"_ _19\"> </span>cr<span class=\"_ _1\"></span>iteri<span class=\"_ _0\"></span> vengono <span class=\"_ _4\"></span>s<span class=\"ff6\">oddisfa<span class=\"_ _0\"></span>tti <span class=\"_ _4\"></span>dopo <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>data <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>chiusura <span class=\"_ _1\"></span>dell\u2019esercizio, <span class=\"_ _4\"></span>l\u2019attivit\u00e0 <span class=\"_ _1\"></span>non <span class=\"_ _4\"></span>corrente <span class=\"_ _1\"></span>(o <span class=\"_ _4\"></span>gruppo </span>in <span class=\"_ _b\"> </span>dismissione)<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>non <span class=\"_ _14\"> </span>viene <span class=\"_ _b\"> </span>classifica<span class=\"_ _0\"></span>ta <span class=\"_ _14\"> </span>come <span class=\"_\"> </span>po<span class=\"_ _0\"></span>sseduta <span class=\"_ _14\"> </span>per <span class=\"_\"> </span>la<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>vendita<span class=\"_ _0\"></span>. <span class=\"_ _b\"> </span>Tuttavia,<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>se <span class=\"_ _14\"> </span>tali condizioni <span class=\"_ _4\"></span>sono <span class=\"_ _a\"></span>soddisfatte <span class=\"_ _5\"></span>successivamen<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>chiusura <span class=\"_ _5\"></span>dell\u2019es<span class=\"_ _0\"></span>ercizio <span class=\"_ _5\"></span>m<span class=\"_ _1\"></span><span class=\"ff2\">a <span class=\"_ _5\"></span>prima </span>della au<span class=\"_ _0\"></span>torizzazione <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>pubblicazi<span class=\"_ _0\"></span>one del <span class=\"_ _0\"></span>bilancio, <span class=\"_ _0\"></span>oppor<span class=\"_ _0\"></span>tuna in<span class=\"_ _0\"></span>formativa <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>fornita <span class=\"_ _0\"></span>nelle<span class=\"_ _0\"></span> note esplicative<span class=\"_ _0\"></span>. Le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>correnti <span class=\"_ _4\"></span>(o <span class=\"_ _4\"></span>gruppi <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>dismissione) <span class=\"_ _4\"></span>classificate <span class=\"_ _4\"></span>come <span class=\"_ _4\"></span>posse<span class=\"_ _0\"></span>dute <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>la vendita, sono rilevate al <span class=\"_ _0\"></span>minore tra il valore contabi<span class=\"_ _0\"></span>le e il relativo fair value, al netto dei costi<span class=\"_ _0\"></span> di <span class=\"_ _3\"></span>vendita; <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>corrispondenti <span class=\"_ _3\"></span>valori <span class=\"_ _3\"></span>patrimoniali <span class=\"_ _3\"></span>dell\u2019esercizio <span class=\"_ _3\"></span>precedente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iclassificati.<span class=\"_ _0\"></span> Un\u2019attivit\u00e0 <span class=\"_ _4\"></span>operativa <span class=\"_ _4\"></span>cessata <span class=\"_ _4\"></span>(\u201c<span class=\"_ _1\"></span>discontinu<span class=\"_ _0\"></span>ed <span class=\"_ _4\"></span>operation\u201d) <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>appresenta<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>una <span class=\"_ _4\"></span>parte <span class=\"_ _5\"></span>dell\u2019impresa<span class=\"_ _0\"></span> che \u00e8 stata dismessa<span class=\"_ _0\"></span> o classi<span class=\"_ _0\"></span>ficata come possed<span class=\"_ _0\"></span>uta per la ven<span class=\"_ _0\"></span>dita, e: -<span class=\"ff2\"> <span class=\"_ _2a\"> </span>rappresenta un impo<span class=\"_ _0\"></span>rtante ramo<span class=\"_ _0\"></span> di attivit\u00e0 o a<span class=\"_ _0\"></span>rea geografica di<span class=\"_ _0\"></span> attivit\u00e0; </span>-<span class=\"ff2\"> <span class=\"_ _2a\"> </span>\u00e8 <span class=\"_ _5\"></span>parte <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>piano <span class=\"_ _a\"></span>coor<span class=\"_ _0\"></span>dinato <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>dismissi<span class=\"_ _0\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _a\"></span>importante<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ramo <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>o <span class=\"_ _a\"></span>area<span class=\"_ _0\"></span> </span>geografica <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _4\"></span>o <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>una <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _1\"></span>controllata <span class=\"_ _4\"></span>acqui<span class=\"_ _0\"></span>sita <span class=\"_ _1\"></span>esclusivamente <span class=\"_ _1\"></span>allo <span class=\"_ _1\"></span>scopo <span class=\"_ _4\"></span>di<span class=\"_ _0\"></span> essere rivenduta<span class=\"_ _0\"></span>. I <span class=\"_ _5\"></span>risultati <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>operative <span class=\"_ _4\"></span>cessate <span class=\"_ _5\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _a\"></span>siano<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>esse <span class=\"_ _a\"></span>dismes<span class=\"_ _0\"></span>se <span class=\"_ _5\"></span>oppure <span class=\"_ _5\"></span>classificate<span class=\"_ _0\"></span> come <span class=\"_ _1\"></span>possedute per <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>vendi<span class=\"_ _0\"></span>ta <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>in corso <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>dismissione <span class=\"_ _1\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>esposti separatamente nel conto <span class=\"_ _14\"> </span>economico, <span class=\"_ _14\"> </span>al <span class=\"_ _14\"> </span>netto <span class=\"_ _14\"> </span>degli <span class=\"_ _14\"> </span>effetti <span class=\"_ _14\"> </span>f<span class=\"_ _1\"></span>iscali. <span class=\"_ _14\"> </span>I <span class=\"_ _14\"> </span>corrispondenti <span class=\"_ _14\"> </span>valori <span class=\"_ _14\"> </span>relativi <span class=\"_ _14\"> </span>all\u2019ese<span class=\"_ _0\"></span>rcizio precedente, ove<span class=\"_ _0\"></span> presen<span class=\"_ _0\"></span>ti, sono<span class=\"_ _0\"></span> riclassi<span class=\"_ _0\"></span>ficati ed <span class=\"_ _0\"></span>esposti <span class=\"_ _0\"></span>separatamente<span class=\"_ _0\"></span> nel <span class=\"_ _0\"></span>conto econo<span class=\"_ _0\"></span>mico, al netto degli ef<span class=\"_ _0\"></span>fetti fiscali, ai fini<span class=\"_ _0\"></span> comparativ<span class=\"lsf\">i.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__59": {
   "value": "Discontinued <span class=\"_ _0\"></span>Operations e a<span class=\"_ _0\"></span>ttivit\u00e0 non<span class=\"_ _0\"></span> correnti possedute<span class=\"_ _0\"></span> per la ven<span class=\"_ _0\"></span>dita Le <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>non<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>correnti <span class=\"_ _3\"></span>(o <span class=\"_ _0\"></span>gruppi <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>dismission<span class=\"_ _0\"></span>e) <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>cui <span class=\"_ _0\"></span>valore<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>contabile<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sar\u00e0 <span class=\"_ _3\"></span>recuperato principalmente a<span class=\"_ _0\"></span>ttraverso <span class=\"_ _0\"></span>la vendi<span class=\"_ _0\"></span>ta anzich\u00e9 con<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>il loro util<span class=\"_ _0\"></span>izzo continuativ<span class=\"_ _0\"></span>o sono <span class=\"_ _0\"></span>classificate<span class=\"_ _0\"></span> come possedu<span class=\"_ _0\"></span>te per l<span class=\"_ _0\"></span>a ven<span class=\"_ _0\"></span>dita e rapp<span class=\"_ _0\"></span>resentate s<span class=\"_ _0\"></span>eparatamente<span class=\"_ _0\"></span> dalle <span class=\"_ _0\"></span>altre attivi<span class=\"_ _0\"></span>t\u00e0 e pa<span class=\"_ _0\"></span>ssivit\u00e0<span class=\"_ _0\"></span> della <span class=\"_ _15\"> </span>situazione <span class=\"_ _18\"> </span>finanziaria-<span class=\"ff6\">patrimonial<span class=\"_ _0\"></span>e. <span class=\"_ _18\"> </span>Perch\u00e9 <span class=\"_ _15\"> </span>ci\u00f2 <span class=\"_ _18\"> </span>si <span class=\"_ _18\"> </span>verifichi, <span class=\"_ _15\"> </span>l\u2019attivit\u00e0 <span class=\"_ _18\"> </span>(o <span class=\"_ _15\"> </span>gruppo <span class=\"_ _18\"> </span>in </span>dismissione)<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>deve essere disponibile per <span class=\"_ _1\"></span>la vendita immediata nella sua <span class=\"_ _1\"></span>condizi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>attuale, soggetta a <span class=\"_ _3\"></span>condizioni <span class=\"_ _0\"></span>che son<span class=\"_ _0\"></span>o d\u2019<span class=\"_ _0\"></span>uso e <span class=\"_ _0\"></span>consuetu<span class=\"_ _0\"></span>dine <span class=\"_ _0\"></span>per l<span class=\"_ _0\"></span>a vendi<span class=\"_ _0\"></span>ta di<span class=\"_ _0\"></span> tali<span class=\"_ _0\"></span> attivit\u00e0 <span class=\"_ _3\"></span>(o gruppi <span class=\"_ _0\"></span>in dismissione) <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>la <span class=\"_ _16\"> </span>vendit<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>deve <span class=\"_ _19\"> </span>essere <span class=\"_ _16\"> </span>altament<span class=\"_ _0\"></span>e <span class=\"_ _19\"> </span>probabile <span class=\"_ _19\"> </span>entro <span class=\"_ _16\"> </span>un <span class=\"_ _19\"> </span>anno. <span class=\"_ _19\"> </span>Se <span class=\"_ _19\"> </span>tali <span class=\"_ _19\"> </span>cr<span class=\"_ _1\"></span>iteri<span class=\"_ _0\"></span> vengono <span class=\"_ _4\"></span>s<span class=\"ff6\">oddisfa<span class=\"_ _0\"></span>tti <span class=\"_ _4\"></span>dopo <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>data <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>chiusura <span class=\"_ _1\"></span>dell\u2019esercizio, <span class=\"_ _4\"></span>l\u2019attivit\u00e0 <span class=\"_ _1\"></span>non <span class=\"_ _4\"></span>corrente <span class=\"_ _1\"></span>(o <span class=\"_ _4\"></span>gruppo </span>in <span class=\"_ _b\"> </span>dismissione)<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>non <span class=\"_ _14\"> </span>viene <span class=\"_ _b\"> </span>classifica<span class=\"_ _0\"></span>ta <span class=\"_ _14\"> </span>come <span class=\"_\"> </span>po<span class=\"_ _0\"></span>sseduta <span class=\"_ _14\"> </span>per <span class=\"_\"> </span>la<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>vendita<span class=\"_ _0\"></span>. <span class=\"_ _b\"> </span>Tuttavia,<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>se <span class=\"_ _14\"> </span>tali condizioni <span class=\"_ _4\"></span>sono <span class=\"_ _a\"></span>soddisfatte <span class=\"_ _5\"></span>successivamen<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>chiusura <span class=\"_ _5\"></span>dell\u2019es<span class=\"_ _0\"></span>ercizio <span class=\"_ _5\"></span>m<span class=\"_ _1\"></span><span class=\"ff2\">a <span class=\"_ _5\"></span>prima </span>della au<span class=\"_ _0\"></span>torizzazione <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>pubblicazi<span class=\"_ _0\"></span>one del <span class=\"_ _0\"></span>bilancio, <span class=\"_ _0\"></span>oppor<span class=\"_ _0\"></span>tuna in<span class=\"_ _0\"></span>formativa <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>fornita <span class=\"_ _0\"></span>nelle<span class=\"_ _0\"></span> note esplicative<span class=\"_ _0\"></span>. Le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>correnti <span class=\"_ _4\"></span>(o <span class=\"_ _4\"></span>gruppi <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>dismissione) <span class=\"_ _4\"></span>classificate <span class=\"_ _4\"></span>come <span class=\"_ _4\"></span>posse<span class=\"_ _0\"></span>dute <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>la vendita, sono rilevate al <span class=\"_ _0\"></span>minore tra il valore contabi<span class=\"_ _0\"></span>le e il relativo fair value, al netto dei costi<span class=\"_ _0\"></span> di <span class=\"_ _3\"></span>vendita; <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>corrispondenti <span class=\"_ _3\"></span>valori <span class=\"_ _3\"></span>patrimoniali <span class=\"_ _3\"></span>dell\u2019esercizio <span class=\"_ _3\"></span>precedente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>iclassificati.<span class=\"_ _0\"></span> Un\u2019attivit\u00e0 <span class=\"_ _4\"></span>operativa <span class=\"_ _4\"></span>cessata <span class=\"_ _4\"></span>(\u201c<span class=\"_ _1\"></span>discontinu<span class=\"_ _0\"></span>ed <span class=\"_ _4\"></span>operation\u201d) <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>appresenta<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>una <span class=\"_ _4\"></span>parte <span class=\"_ _5\"></span>dell\u2019impresa<span class=\"_ _0\"></span> che \u00e8 stata dismessa<span class=\"_ _0\"></span> o classi<span class=\"_ _0\"></span>ficata come possed<span class=\"_ _0\"></span>uta per la ven<span class=\"_ _0\"></span>dita, e: -<span class=\"ff2\"> <span class=\"_ _2a\"> </span>rappresenta un impo<span class=\"_ _0\"></span>rtante ramo<span class=\"_ _0\"></span> di attivit\u00e0 o a<span class=\"_ _0\"></span>rea geografica di<span class=\"_ _0\"></span> attivit\u00e0; </span>-<span class=\"ff2\"> <span class=\"_ _2a\"> </span>\u00e8 <span class=\"_ _5\"></span>parte <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>piano <span class=\"_ _a\"></span>coor<span class=\"_ _0\"></span>dinato <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>dismissi<span class=\"_ _0\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _a\"></span>importante<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ramo <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>o <span class=\"_ _a\"></span>area<span class=\"_ _0\"></span> </span>geografica <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _4\"></span>o <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>una <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _1\"></span>controllata <span class=\"_ _4\"></span>acqui<span class=\"_ _0\"></span>sita <span class=\"_ _1\"></span>esclusivamente <span class=\"_ _1\"></span>allo <span class=\"_ _1\"></span>scopo <span class=\"_ _4\"></span>di<span class=\"_ _0\"></span> essere rivenduta<span class=\"_ _0\"></span>. I <span class=\"_ _5\"></span>risultati <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>operative <span class=\"_ _4\"></span>cessate <span class=\"_ _5\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _a\"></span>siano<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>esse <span class=\"_ _a\"></span>dismes<span class=\"_ _0\"></span>se <span class=\"_ _5\"></span>oppure <span class=\"_ _5\"></span>classificate<span class=\"_ _0\"></span> come <span class=\"_ _1\"></span>possedute per <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>vendi<span class=\"_ _0\"></span>ta <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>in corso <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>dismissione <span class=\"_ _1\"></span><span class=\"ff6\">\u2013</span> <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>esposti separatamente nel conto <span class=\"_ _14\"> </span>economico, <span class=\"_ _14\"> </span>al <span class=\"_ _14\"> </span>netto <span class=\"_ _14\"> </span>degli <span class=\"_ _14\"> </span>effetti <span class=\"_ _14\"> </span>f<span class=\"_ _1\"></span>iscali. <span class=\"_ _14\"> </span>I <span class=\"_ _14\"> </span>corrispondenti <span class=\"_ _14\"> </span>valori <span class=\"_ _14\"> </span>relativi <span class=\"_ _14\"> </span>all\u2019ese<span class=\"_ _0\"></span>rcizio precedente, ove<span class=\"_ _0\"></span> presen<span class=\"_ _0\"></span>ti, sono<span class=\"_ _0\"></span> riclassi<span class=\"_ _0\"></span>ficati ed <span class=\"_ _0\"></span>esposti <span class=\"_ _0\"></span>separatamente<span class=\"_ _0\"></span> nel <span class=\"_ _0\"></span>conto econo<span class=\"_ _0\"></span>mico, al netto degli ef<span class=\"_ _0\"></span>fetti fiscali, ai fini<span class=\"_ _0\"></span> comparativ<span class=\"lsf\">i.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__61-1": {
   "value": "Operazioni in valu<span class=\"_ _0\"></span>te diverse dal<span class=\"_ _0\"></span>la valuta <span class=\"_ _0\"></span>funzionale Tutte <span class=\"_ _1\"></span>le transazioni in <span class=\"_ _1\"></span>valuta <span class=\"_ _1\"></span>diversa dalla <span class=\"_ _1\"></span>valuta funzionale delle <span class=\"_ _1\"></span>singole s<span class=\"_ _1\"></span>ociet\u00e0 del Gruppo sono ril<span class=\"_ _0\"></span>evate al tasso di ca<span class=\"_ _0\"></span>mbio in essere<span class=\"_ _0\"></span> alla data dell'ope<span class=\"_ _0\"></span>razione<span class=\"_ _0\"></span>. Le <span class=\"_ _18\"> </span>attivit\u00e0 <span class=\"_ _15\"> </span>e <span class=\"_ _18\"> </span>le <span class=\"_ _18\"> </span>passivit\u00e0 <span class=\"_ _15\"> </span>monetarie <span class=\"_ _15\"> </span>denominate <span class=\"_ _18\"> </span>in <span class=\"_ _15\"> </span>valuta <span class=\"_ _18\"> </span>diversa <span class=\"_ _15\"> </span>dalla <span class=\"_ _15\"> </span>valuta funzionale <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>successivamente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>adeguate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cambio <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>essere <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>chiusura del <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>presen<span class=\"_ _0\"></span>tato. <span class=\"_ _4\"></span>La <span class=\"_ _a\"></span>differenza<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>positiva <span class=\"_ _5\"></span>o <span class=\"_ _4\"></span>negativa, <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>valori <span class=\"_ _5\"></span>conve<span class=\"_ _0\"></span>rtiti <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>cambi <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> periodo e quelli origi<span class=\"_ _0\"></span>nari \u00e8 imputata al<span class=\"_ _0\"></span> Conto econ<span class=\"_ _0\"></span>omico. Il <span class=\"_ _5\"></span>Bilancio <span class=\"_ _5\"></span>Consolidato <span class=\"_ _5\"></span>d<span class=\"_ _1\"></span>el <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>Caltagirone <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>redatto <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>Euro, <span class=\"_ _5\"></span>valuta <span class=\"_ _a\"></span>funzional<span class=\"_ _0\"></span>e della Capogruppo<span class=\"_ _0\"></span>. Le <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e passi<span class=\"_ _0\"></span>vit\u00e0 <span class=\"_ _3\"></span>non <span class=\"_ _0\"></span>monetarie <span class=\"_ _3\"></span>denominate <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>valuta di<span class=\"_ _0\"></span>versa <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>\u2019Euro <span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>iscritte al <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>storico <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>convertite <span class=\"_ _4\"></span>utilizzando <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cambio <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>vigore<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>alla <span class=\"_ _4\"></span>data <span class=\"_ _a\"></span>di <span class=\"_ _4\"></span>iniziale rilevazione del<span class=\"_ _0\"></span>l'operazione.  Le <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _b\"> </span>e <span class=\"_ _14\"> </span>le <span class=\"_\"> </span>pa<span class=\"_ _0\"></span>ssivit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _14\"> </span>non <span class=\"_\"> </span>m<span class=\"_ _0\"></span>onetarie <span class=\"_ _14\"> </span>iscritte <span class=\"_ _14\"> </span>al <span class=\"_ _b\"> </span>valore <span class=\"_ _14\"> </span>equo <span class=\"_ _14\"> </span>(<span class=\"_ _1\"></span><span class=\"ff7\">fair <span class=\"_ _b\"> </span>value</span>) <span class=\"_ _14\"> </span>sono convertite util<span class=\"_ _0\"></span>izzando il tasso di<span class=\"_ _0\"></span> cambio alla data<span class=\"_ _0\"></span> di determinazione di <span class=\"_ _0\"></span>tale valore.Conversione de<span class=\"_ _0\"></span>i bilanci delle<span class=\"_ _0\"></span> imprese estere<span class=\"_ _0\"></span>  I <span class=\"_ _4\"></span>bilanci<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>delle <span class=\"_ _4\"></span>societ\u00e0 <span class=\"_ _1\"></span>controllate, <span class=\"_ _1\"></span>collegate <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span><span class=\"ff7\">joint <span class=\"_ _1\"></span>venture</span> <span class=\"_ _1\"></span>sono <span class=\"_ _4\"></span>redatti <span class=\"_ _1\"></span>utilizzando <span class=\"_ _1\"></span>la valuta dell'ambien<span class=\"_ _0\"></span>te economico preva<span class=\"_ _0\"></span>lente in cui <span class=\"_ _0\"></span>esse operano (val<span class=\"_ _0\"></span>uta funzion<span class=\"_ _0\"></span>ale).  I <span class=\"_ _16\"> </span>bil<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dell<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>soc<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>opera<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>pa<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>non<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>inclu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>nel<span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>eu<span class=\"_ _0\"></span>ro <span class=\"_ _16\"> </span>so<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>conv<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>Eu<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span> ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o,<span class=\"_ _0\"></span> al<span class=\"_ _0\"></span>le v<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>i st<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span> pa<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, il<span class=\"_ _0\"></span> tass<span class=\"_ _0\"></span>o d<span class=\"_ _0\"></span>i c<span class=\"_ _0\"></span>amb<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o in<span class=\"_ _0\"></span> vi<span class=\"_ _0\"></span>go<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> all<span class=\"_ _0\"></span>a d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a di<span class=\"_ _0\"></span> ch<span class=\"_ _0\"></span>iu<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span> de<span class=\"_ _0\"></span>l pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>o <span class=\"_\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_\"> </span>r<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o, <span class=\"_\"> </span>e<span class=\"_ _0\"></span>, <span class=\"_\"> </span>a<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_\"> </span>vo<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span> <span class=\"_\"> </span>di<span class=\"_ _0\"></span> <span class=\"_\"> </span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o <span class=\"_\"> </span>e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>o, <span class=\"_ _b\"> </span>il<span class=\"_ _0\"></span> <span class=\"_\"> </span>ca<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> <span class=\"_\"> </span>me<span class=\"_ _0\"></span>dio<span class=\"_ _0\"></span> <span class=\"_\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span> <span class=\"_\"> </span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>o <span class=\"_\"> </span>di<span class=\"_ _0\"></span> rif<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>o, <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>cui<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>sia<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>rife<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>flu<span class=\"_ _0\"></span>ttu<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e, ne<span class=\"_ _0\"></span>l <span class=\"_ _4\"></span>qual<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ca<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>vie<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>util<span class=\"_ _0\"></span>izz<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>tas<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>cambi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>all<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>data<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>de<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _4\"></span>trans<span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne. <span class=\"_ _4\"></span>Le <span class=\"_ _4\"></span>diffe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nz<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di co<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>der<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ti <span class=\"_ _4\"></span>da<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>\u2019a<span class=\"_ _0\"></span>deg<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>de<span class=\"_ _0\"></span>l <span class=\"_ _4\"></span>pa<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>o <span class=\"_ _4\"></span>ne<span class=\"_ _0\"></span>tto<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>ini<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _4\"></span>ai<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>cam<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>cor<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>fi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>o <span class=\"_ _2b\"></span>e <span class=\"_ _3\"></span>le <span class=\"_ _2b\"></span>diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ze<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i <span class=\"_ _2b\"></span>dall<span class=\"_ _0\"></span>a <span class=\"_ _2b\"></span>diver<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>met<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ogi<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>usa<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _2b\"></span>la <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>e <span class=\"_ _2b\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>risu<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>o d\u2019<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>rav<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>econ<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vo <span class=\"_ _3\"></span>e so<span class=\"_ _0\"></span>no<span class=\"_ _3\"></span> es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span> se<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>n u<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span> ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>erv<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>. Al <span class=\"_ _18\"> </span>momento <span class=\"_ _18\"> </span>della <span class=\"_ _1e\"> </span>dismi<span class=\"_ _0\"></span>ssione <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>un\u2019entit\u00e0 <span class=\"_ _1e\"> </span>econ<span class=\"_ _0\"></span>omica <span class=\"_ _18\"> </span>estera, <span class=\"_ _18\"> </span>le <span class=\"_ _1e\"> </span>dif<span class=\"_ _0\"></span>ferenze <span class=\"_ _18\"> </span>di conversione<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>cumulate <span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>iportate<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>apposita r<span class=\"_ _1\"></span>iserva del <span class=\"_ _1\"></span>patrimonio <span class=\"_ _1\"></span>netto <span class=\"_ _1\"></span>saranno rilevate a conto economico. I <span class=\"_ _3\"></span>principali <span class=\"_ _3\"></span>tassi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cambio <span class=\"_ _3\"></span>utilizzati <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>conversi<span class=\"_ _0\"></span>one <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>bilanci <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>imprese con valuta funzional<span class=\"_ _0\"></span>e diversa dall\u2019<span class=\"_ _0\"></span>Euro, sono i se<span class=\"_ _0\"></span>guenti:<span class=\"ff2\"> </span>31 dicembre  Medi  31 dicembre  Medi  2022<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Lira turca <span class=\"ff6\">\u2013</span> TRY* 19,96 17,41 15,23 10,51 Dollaro USA <span class=\"ff6\">\u2013</span> USD 1,07 1,05 1,13 1,18 Sterlina inglese <span class=\"ff6\">\u2013</span> GBP 0,89 0,85 0,84 0,86 Sterlina egiziana <span class=\"ff6\">\u2013</span> EGP 26,20 20,09 17,73 18,48 Corona danese <span class=\"ff6\">\u2013</span> DKK 7,44 7,44 7,44 7,44 Corona islandese <span class=\"ff6\">\u2013</span> ISK 151,50 142,24 147,60 150,15 Corona norvegese <span class=\"ff6\">\u2013</span> NOK 10,51 10,10 9,99 10,16 Corona svedese <span class=\"ff6\">\u2013</span> <span class=\"ls25\">SEK</span> 11,12 10,63 10,25 10,15 Ringgit malese - MYR 4,70 4,63 4,72 4,90 Yuan renminbi cinese - <span class=\"ls18\">CNY</span> 7,36 7,08 7,19 7,63 (*) Per le control<span class=\"_ _0\"></span>late turche, <span class=\"_ _0\"></span>si rimand<span class=\"_ _0\"></span>a al paragrafo \"Tur<span class=\"_ _0\"></span>chia <span class=\"ffd\">\u2013</span> <span class=\"ffd\">economia iperinflaziona<span class=\"_ _0\"></span>ta: impatti<span class=\"_ _0\"></span> per l\u2019applicaz<span class=\"_ _0\"></span>ione dello IAS </span>29\".",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__63": {
   "value": "Aggregazioni di<span class=\"_ _0\"></span> impresa Le <span class=\"_ _2\"> </span>aggrega<span class=\"_ _0\"></span>zioni <span class=\"_ _9\"> </span>aziendali <span class=\"_ _2\"> </span>sono <span class=\"_ _9\"> </span>rilevate <span class=\"_ _2\"> </span>secon<span class=\"_ _0\"></span>do <span class=\"_ _2\"> </span>il <span class=\"_ _9\"> </span>metodo <span class=\"_ _2\"> </span><span class=\"ff6\">dell\u2019acquisi<span class=\"_ _0\"></span>zione </span>(\u201cacquisition <span class=\"_ _0\"></span>method\u201d). Second<span class=\"_ _0\"></span>o tale metodo:<span class=\"ff2\"> <span class=\"_ _35\"> </span>  </span>\u2022<span class=\"ff2\"> <span class=\"_ _27\"> </span><span class=\"ff6 fc1\">il <span class=\"_\"> </span>corrispettivo <span class=\"_\"> </span>trasferito<span class=\"_ _0\"></span> <span class=\"_\"> </span>in <span class=\"_\"> </span>un\u2019aggregazione<span class=\"_ _0\"></span> <span class=\"_\"> </span>aziendale <span class=\"_\"> </span>\u00e8 <span class=\"_\"> </span>valutato<span class=\"_ _0\"></span> <span class=\"_\"> </span>al <span class=\"_\"> </span>fair <span class=\"_\"> </span>value,<span class=\"_ _0\"></span> </span></span>calcolato <span class=\"_ _16\"> </span>come<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>somma <span class=\"_ _16\"> </span>dei <span class=\"_ _16\"> </span>fair <span class=\"_ _16\"> </span>value <span class=\"_ _19\"> </span>delle <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>trasferite <span class=\"_ _19\"> </span>e <span class=\"_ _16\"> </span>delle <span class=\"_ _16\"> </span>passivit\u00e0<span class=\"_ _0\"></span> assunte dal Gruppo alla data <span class=\"_ _1\"></span>di acquisizione e degli<span class=\"_ _0\"></span> strumenti di <span class=\"_ _1\"></span>capitale emessi in<span class=\"_ _0\"></span> cambio <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>controllo <span class=\"_ _3\"></span>dell\u2019<span class=\"_ _0\"></span>impresa <span class=\"_ _3\"></span>acquisita.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Gli <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>accessori <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>transazione <span class=\"_ _2b\"></span>sono rilevati nel con<span class=\"_ _0\"></span>to economi<span class=\"_ _0\"></span>co nel momento in cui <span class=\"_ _0\"></span>sono sostenu<span class=\"_ _0\"></span>ti; \u2022<span class=\"ff2\"> <span class=\"_ _27\"> </span><span class=\"fc1\">alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>acquisizione, <span class=\"_ _3\"></span>le attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>identificabi<span class=\"_ _0\"></span>li <span class=\"_ _3\"></span>acquisite <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>passivit\u00e0 <span class=\"_ _3\"></span>assunte <span class=\"_ _3\"></span>sono </span></span>rilevate al <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>value al<span class=\"_ _0\"></span>la da<span class=\"_ _0\"></span>ta di a<span class=\"_ _0\"></span>cquisizion<span class=\"_ _0\"></span>e; costi<span class=\"_ _0\"></span>tuiscono un\u2019<span class=\"_ _0\"></span>eccezione le<span class=\"_ _0\"></span> impos<span class=\"_ _0\"></span>te differite a<span class=\"_ _0\"></span>ttive e<span class=\"_ _0\"></span> passive,<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>e attivit\u00e0 <span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>ssivit\u00e0 <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>benefici<span class=\"_ _0\"></span> ai dipe<span class=\"_ _0\"></span>ndenti, le <span class=\"_ _3\"></span>passivit\u00e0 o strumenti di capitale relativi a pagamenti basati su <span class=\"_ _1\"></span>azioni dell\u2019impresa acqui<span class=\"_ _0\"></span>sita o pagamenti <span class=\"_ _16\"> </span>basati <span class=\"_ _16\"> </span>su <span class=\"_ _14\"> </span>azion<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>relativi <span class=\"_ _14\"> </span>al <span class=\"_ _16\"> </span>gruppo <span class=\"_ _16\"> </span>emessi <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>sostituzione <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>contratti dell\u2019i<span class=\"_ _0\"></span>mpresa <span class=\"_ _1\"></span>acquisita, e <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>attivit\u00e0 (o <span class=\"_ _1\"></span>gruppi <span class=\"_ _1\"></span>di att<span class=\"_ _1\"></span>ivit\u00e0 e <span class=\"_ _1\"></span>passivit<span class=\"ff2\">\u00e0) <span class=\"_ _1\"></span>possedute <span class=\"_ _1\"></span>per la </span>vendita, che sono<span class=\"_ _0\"></span> invece valutate<span class=\"_ _0\"></span> secondo il loro <span class=\"_ _0\"></span>principio di riferi<span class=\"_ _0\"></span>mento; \u2022 <span class=\"_ _27\"> </span>l\u2019avviamento <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _18\"> </span>determi<span class=\"_ _0\"></span>nato <span class=\"_ _15\"> </span>come <span class=\"_ _15\"> </span>l\u2019eccedenza <span class=\"_ _15\"> </span>tra <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>somma <span class=\"_ _15\"> </span>de<span class=\"_ _1\"></span><span class=\"ff2\">l <span class=\"_ _15\"> </span>corrispettivo </span>trasferito <span class=\"ff6\">nell\u2019aggregazio<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>aziendale,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del valore del patrimonio netto di <span class=\"_ _1\"></span>pertinenza<span class=\"ff2\"> </span></span>di <span class=\"_ _36\"> </span>interessenze <span class=\"_ _2d\"> </span>di <span class=\"_ _36\"> </span>terzi <span class=\"_ _36\"> </span>e <span class=\"_ _36\"> </span>del <span class=\"_ _36\"> </span>fair <span class=\"_ _2d\"> </span>value <span class=\"_ _36\"> </span>dell\u2019eventuale <span class=\"_ _2d\"> </span>partecipazione precedentemente<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>detenu<span class=\"_ _0\"></span>ta <span class=\"_ _1\"></span>nell\u2019impresa <span class=\"_ _1\"></span>acquisita rispetto <span class=\"_ _4\"></span>al <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _4\"></span>dell<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>attivit\u00e0 nette <span class=\"_ _0\"></span>acquisi<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>passivit\u00e0 <span class=\"_ _3\"></span>assunte <span class=\"_ _3\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>acqui<span class=\"_ _0\"></span>sizione. <span class=\"_ _3\"></span>Se <span class=\"_ _0\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>delle <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _0\"></span> nette <span class=\"_ _4\"></span>acquisite <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>passivit\u00e0 <span class=\"_ _4\"></span>assunte <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>data <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>acquisizione <span class=\"_ _4\"></span>eccede <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>somma <span class=\"_ _4\"></span>del corrispettivo trasferito, del valore del patrimonio netto <span class=\"_ _1\"></span>di pertinenza di interessenze di <span class=\"_ _19\"> </span>terzi <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>fair <span class=\"_ _16\"> </span>value<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>dell\u2019eventuale <span class=\"_ _17\"> </span>partecipazione <span class=\"_ _19\"> </span>precedentemente<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>detenuta nell\u2019i<span class=\"_ _0\"></span>mpres<span class=\"ff2\">a <span class=\"_ _8\"> </span>acquisita, <span class=\"_ _1e\"> </span>tale <span class=\"_ _8\"> </span>eccedenza <span class=\"_ _23\"> </span>\u00e8 <span class=\"_ _23\"> </span>rilevata <span class=\"_ _8\"> </span>immediata<span class=\"_ _0\"></span>mente <span class=\"_ _23\"> </span>nel <span class=\"_ _23\"> </span>conto </span>economico come<span class=\"_ _0\"></span> provento derivan<span class=\"_ _0\"></span>te dalla transa<span class=\"_ _0\"></span>zione conclusa<span class=\"_ _0\"></span>; \u2022<span class=\"ff2\"> <span class=\"_ _27\"> </span><span class=\"fc1\">eventuali <span class=\"_ _1\"></span>corrispettivi sottoposti <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>condizione previsti <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>contratto di <span class=\"_ _1\"></span>aggregazione<span class=\"_ _0\"></span> </span></span>aziendale <span class=\"_ _3\"></span>sono val<span class=\"_ _0\"></span>utati <span class=\"_ _3\"></span>al <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>value <span class=\"_ _3\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>acquisi<span class=\"_ _0\"></span>zione <span class=\"_ _0\"></span>ed <span class=\"_ _3\"></span>inclusi <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lore <span class=\"_ _0\"></span>del corrispettivo <span class=\"_ _6\"> </span>trasferito <span class=\"_ _15\"> </span><span class=\"ff6\">nell<span class=\"_ _0\"></span>\u2019aggregazione <span class=\"_ _6\"> </span>aziendale <span class=\"_ _15\"> </span>ai <span class=\"_ _6\"> </span>f<span class=\"_ _1\"></span>ini <span class=\"_ _6\"> </span>della <span class=\"_ _15\"> </span>determinazione </span>dell\u2019avvi<span class=\"_ _0\"></span>amento.<span class=\"ff2\"> </span>Nel <span class=\"_ _30\"> </span>caso <span class=\"_ _2d\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _30\"> </span>aggregazioni <span class=\"_ _37\"> </span>aziendali <span class=\"_ _30\"> </span>avvenute <span class=\"_ _30\"> </span>per <span class=\"_ _37\"> </span>fasi, <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>parteci<span class=\"_ _0\"></span>pazione precedentemente<span class=\"_ _0\"></span> <span class=\"_\"> </span>detenuta <span class=\"_\"> </span>nel<span class=\"_ _0\"></span>l\u2019impresa <span class=\"_\"> </span><span class=\"ff2\">acquisita <span class=\"_\"> </span>\u00e8 <span class=\"_\"> </span>ri<span class=\"_ _0\"></span>valutata <span class=\"_\"> </span>al <span class=\"_\"> </span>fai<span class=\"_ _0\"></span>r <span class=\"_\"> </span>value <span class=\"_\"> </span>all<span class=\"_ _0\"></span>a <span class=\"_\"> </span>data <span class=\"_\"> </span>di </span>acquisizione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>controllo <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>l\u2019eventuale <span class=\"_ _1\"></span>utile <span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>perdita <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>consegue <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>rilevata <span class=\"_ _4\"></span>nel <span class=\"_ _1\"></span>conto economico.  Se i <span class=\"_ _1\"></span>valori <span class=\"_ _1\"></span>iniziali di <span class=\"_ _1\"></span>un\u2019aggregazione aziendale sono incompleti alla <span class=\"_ _1\"></span>data di <span class=\"_ _1\"></span>chiusura<span class=\"_ _0\"></span> del bilancio <span class=\"_ _1\"></span><span class=\"ff6\">in cui <span class=\"_ _1\"></span>l\u2019aggregazione aziendale \u00e8 avvenuta, <span class=\"_ _1\"></span>il gruppo riporta nel <span class=\"_ _1\"></span>proprio bilancio<span class=\"_ _0\"></span> </span>consolidato i valori p<span class=\"_ _0\"></span>rovvisori degl<span class=\"_ _0\"></span>i elementi per c<span class=\"_ _0\"></span>ui non pu\u00f2 essere<span class=\"_ _0\"></span> conclu<span class=\"_ _0\"></span>sa la rilevazione.<span class=\"_ _0\"></span>  Tali valori provvisori sono rettificati nel periodo di misurazione per tenere conto <span class=\"_ _1\"></span>delle nuove <span class=\"_ _1\"></span>informazioni <span class=\"_ _1\"></span>ottenute <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>fatti <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>circostanze <span class=\"_ _1\"></span>esistenti <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>acquisizi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>che, <span class=\"_ _4\"></span>se note, avrebbero a<span class=\"_ _0\"></span>vuto effetti sul<span class=\"_ _0\"></span> valore delle a<span class=\"_ _0\"></span>ttivit\u00e0 e passivit\u00e0<span class=\"_ _0\"></span> riconosciut<span class=\"_ _0\"></span>e a tale data. Nell\u2019ambi<span class=\"_ _0\"></span>to <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>passaggio <span class=\"_ _17\"> </span>agli <span class=\"_ _17\"> </span>I<span class=\"_ _1\"></span>FRS, <span class=\"_ _17\"> </span>il <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _17\"> </span>ha <span class=\"_ _16\"> </span><span class=\"ff2\">deciso <span class=\"_ _19\"> </span>di <span class=\"_ _17\"> </span>rideterminare <span class=\"_ _17\"> </span>solo <span class=\"_ _19\"> </span>le </span>aggregazioni <span class=\"_ _5\"></span>aziendali <span class=\"_ _5\"></span>avvenute <span class=\"_ _a\"></span>successi<span class=\"_ _0\"></span>vamente <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>1\u00b0 <span class=\"_ _5\"></span>gennaio <span class=\"_ _a\"></span>2004<span class=\"_ _0\"></span>. <span class=\"_ _a\"></span>Per <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>acquisizi<span class=\"_ _0\"></span>oni avvenute <span class=\"_ _a\"></span>prima <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>tale <span class=\"_ _a\"></span>data, <span class=\"_ _a\"></span>l\u2019avviamento <span class=\"_ _5\"></span>corrisponde <span class=\"_ _a\"></span>all\u2019i<span class=\"_ _0\"></span>mporto <span class=\"_ _a\"></span>contabili<span class=\"_ _0\"></span>zzato <span class=\"_ _a\"></span>secondo <span class=\"_ _a\"></span>i precedenti principi<span class=\"_ _0\"></span> contabili<span class=\"_ _0\"></span> (Principi Contabili Italian<span class=\"_ _0\"></span>i).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__64": {
   "value": "Utile (Perdi<span class=\"_ _0\"></span>ta) per azione Base L\u2019utile (perdita)<span class=\"_ _0\"></span> base per <span class=\"_ _0\"></span>azione \u00e8 calcol<span class=\"_ _0\"></span>ato divide<span class=\"_ _0\"></span>ndo il Risultato<span class=\"_ _0\"></span> economic<span class=\"_ _0\"></span>o del Gruppo pe<span class=\"_ _0\"></span>r la <span class=\"_ _4\"></span>media <span class=\"_ _5\"></span>ponderata <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>azioni <span class=\"_ _5\"></span>ordinarie <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>circol<span class=\"_ _0\"></span>azione <span class=\"_ _4\"></span>durante <span class=\"_ _5\"></span>l\u2019esercizio, <span class=\"_ _4\"></span>escludendo <span class=\"_ _4\"></span>le azioni proprie. Diluito L\u2019utile <span class=\"_ _3\"></span>diluito <span class=\"_ _0\"></span>per <span class=\"_ _3\"></span>azione <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _0\"></span>calcolato <span class=\"_ _3\"></span>dividendo <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>Risultato eco<span class=\"_ _0\"></span>nomico <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>G<span class=\"_ _1\"></span>ruppo <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>media ponderata <span class=\"_ _16\"> </span>delle <span class=\"_ _16\"> </span>azioni <span class=\"_ _16\"> </span>ordinarie <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>circolazione <span class=\"_ _19\"> </span>durant<span class=\"_ _1\"></span>e <span class=\"_ _16\"> </span>l\u2019esercizio, <span class=\"_ _16\"> </span>esc<span class=\"_ _0\"></span>ludendo <span class=\"_ _16\"> </span>le <span class=\"_ _16\"> </span>azioni proprie. <span class=\"_ _17\"> </span>Ai <span class=\"_ _19\"> </span>fini <span class=\"_ _19\"> </span>del <span class=\"_ _17\"> </span>calcolo <span class=\"_ _17\"> </span>dell\u2019utile <span class=\"_ _17\"> </span>diluito <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span><span class=\"ff2\">azione, <span class=\"_ _17\"> </span>la <span class=\"_ _19\"> </span>media <span class=\"_ _17\"> </span>ponderata <span class=\"_ _19\"> </span>delle <span class=\"_ _17\"></span>azioni <span class=\"_ _17\"> </span>in </span>circolazione <span class=\"_ _0\"></span>\u00e8<span class=\"_ _0\"></span> mo<span class=\"_ _0\"></span>dificata <span class=\"_ _3\"></span>assumendo l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>conversion<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>tutte <span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> potenzi<span class=\"_ _0\"></span>ali <span class=\"_ _0\"></span>az<span class=\"_ _0\"></span>ioni <span class=\"_ _0\"></span>aventi<span class=\"_ _0\"></span> ef<span class=\"_ _0\"></span>fetto diluitivo. <span class=\"_ _17\"> </span>Il <span class=\"_ _19\"> </span>Risultato <span class=\"_ _17\"></span>per <span class=\"_ _19\"> </span>azione <span class=\"_ _17\"> </span>diluito <span class=\"_ _19\"> </span>non <span class=\"_ _17\"> </span>viene <span class=\"_ _17\"> </span>calcolato <span class=\"_ _19\"> </span>nel <span class=\"_ _17\"> </span>caso <span class=\"_ _19\"> </span>di <span class=\"_ _17\"> </span>perdite, <span class=\"_ _19\"> </span>in <span class=\"_ _17\"> </span>quanto qualunque effetto<span class=\"_ _0\"></span> diluitivo determinerebbe<span class=\"_ _0\"></span> un mig<span class=\"_ _0\"></span>lioramento<span class=\"_ _0\"></span> del Risultato <span class=\"_ _0\"></span>per azione.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__65": {
   "value": "Uso di stime La <span class=\"_\"> </span>predisposizi<span class=\"_ _0\"></span>one <span class=\"_\"> </span>dei <span class=\"_ _b\"> </span>bilanci<span class=\"_ _0\"></span> <span class=\"_\"> </span>consolidati <span class=\"_\"> </span>ri<span class=\"_ _0\"></span>chiede <span class=\"_\"> </span>da <span class=\"_\"> </span>par<span class=\"_ _0\"></span>te <span class=\"_\"> </span>degli <span class=\"_\"> </span>A<span class=\"_ _0\"></span>mmini<span class=\"_ _0\"></span>stratori l\u2019appli<span class=\"_ _0\"></span>cazione <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>principi <span class=\"_ _19\"> </span>e <span class=\"_ _17\"> </span>metodologie <span class=\"_ _17\"> </span>contabili<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>che, <span class=\"_ _17\"> </span>in <span class=\"_ _17\"> </span>t<span class=\"_ _1\"></span>alune<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>circostanze, <span class=\"_ _17\"> </span>si <span class=\"_ _17\"> </span>basano <span class=\"_ _17\"> </span>su difficili <span class=\"_ _17\"> </span>e <span class=\"_ _16\"> </span>soggettive <span class=\"_ _19\"> </span>valutazioni <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>st<span class=\"_ _1\"></span>ime <span class=\"_ _19\"> </span>basate <span class=\"_ _19\"> </span>sull\u2019<span class=\"_ _0\"></span>esperienza <span class=\"_ _19\"> </span>storica <span class=\"_ _19\"> </span>ed <span class=\"_ _16\"> </span>assunzioni <span class=\"_ _17\"> </span>che vengono <span class=\"_ _14\"> </span>di <span class=\"_ _16\"> </span>volta <span class=\"_ _14\"> </span>in <span class=\"_ _14\"> </span>volta <span class=\"_ _16\"> </span>considerate <span class=\"_ _14\"> </span>ragionevol<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>realistiche <span class=\"_ _16\"> </span>in <span class=\"_ _14\"> </span>funzione <span class=\"_ _16\"> </span>delle <span class=\"_ _14\"> </span>relative circostanze. <span class=\"_ _19\"> </span>L\u2019applicazione <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>tali <span class=\"_ _16\"> </span>stime <span class=\"_ _16\"> </span>ed <span class=\"_ _19\"> </span>assunzioni <span class=\"_ _19\"> </span>influenza <span class=\"_ _19\"> </span>gli <span class=\"_ _16\"> </span>imp<span class=\"_ _1\"></span><span class=\"ff2\">orti <span class=\"_ _16\"> </span>riporta<span class=\"_ _0\"></span>ti <span class=\"_ _16\"> </span>negli </span>schemi <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>Bilancio, <span class=\"_ _19\"> </span>quali <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>Situazione <span class=\"_ _19\"> </span>patrimoniale-finanziaria, <span class=\"_ _19\"> </span>il <span class=\"_ _16\"> </span>Conto <span class=\"_ _19\"> </span>economico <span class=\"_ _16\"> </span>ed <span class=\"_ _16\"> </span>il Rendiconto fina<span class=\"_ _0\"></span>nziario, <span class=\"_ _0\"></span>nonch\u00e9 <span class=\"_ _0\"></span>l\u2019informativa <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>ornita. <span class=\"_ _0\"></span>I ri<span class=\"_ _0\"></span>sultati fina<span class=\"_ _0\"></span>li del<span class=\"_ _0\"></span>le po<span class=\"_ _0\"></span>ste di <span class=\"_ _0\"></span>Bilanci<span class=\"_ _0\"></span>o per le <span class=\"_ _17\"> </span>quali <span class=\"_ _19\"> </span>sono <span class=\"_ _19\"> </span>state <span class=\"_ _19\"> </span>utilizzate <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>suddette <span class=\"_ _19\"> </span>stime <span class=\"_ _17\"></span>ed <span class=\"_ _19\"> </span>assunzioni, <span class=\"_ _17\"> </span>possono <span class=\"_ _17\"> </span>differire <span class=\"_ _19\"> </span>da <span class=\"_ _19\"> </span>quelli riportati <span class=\"_ _0\"></span>nei <span class=\"_ _0\"></span>bilanci<span class=\"_ _0\"></span> a <span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>sa del<span class=\"_ _0\"></span>l\u2019incertezza <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ratterizza l<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>ssunzioni<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>dizioni <span class=\"_ _0\"></span>sull<span class=\"ff2\">e </span>quali si basano le s<span class=\"_ _0\"></span>time.   I <span class=\"_ _14\"> </span>principi <span class=\"_ _14\"> </span>contabili <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>voci <span class=\"_ _b\"> </span>di <span class=\"_ _14\"> </span>bilancio <span class=\"_ _16\"> </span>che <span class=\"_ _b\"> </span>richiedono <span class=\"_ _16\"> </span>pi\u00f9 <span class=\"_ _b\"> </span>di <span class=\"_ _14\"> </span>altri <span class=\"_ _14\"> </span>una <span class=\"_ _14\"> </span>maggi<span class=\"_ _1\"></span>ore soggettivit\u00e0 <span class=\"_ _14\"> </span>da <span class=\"_ _b\"> </span>parte <span class=\"_ _14\"> </span>degli <span class=\"_ _14\"> </span>amministratori <span class=\"_ _14\"> </span>nell\u2019elaborazione <span class=\"_ _14\"> </span>delle <span class=\"_ _14\"> </span>st<span class=\"_ _1\"></span>ime <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>per <span class=\"_\"> </span>i <span class=\"_ _14\"> </span>quali <span class=\"_ _14\"> </span>un cambiamento <span class=\"_ _1\"></span>nelle <span class=\"_ _1\"></span>condizioni <span class=\"_ _1\"></span>sottostanti <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>assunzioni <span class=\"_ _1\"></span>utilizzate <span class=\"_ _1\"></span>potrebbe <span class=\"_ _1\"></span>avere <span class=\"_ _4\"></span>un <span class=\"_ _1\"></span>impatt<span class=\"_ _0\"></span>o significativo sul bil<span class=\"_ _0\"></span>ancio consol<span class=\"_ _0\"></span>idato del Gruppo<span class=\"_ _0\"></span> sono i seguen<span class=\"_ _0\"></span>ti: \u2022 <span class=\"_ _25\"> </span>Attivit\u00e0 <span class=\"_ _19\"> </span>immateriali <span class=\"_ _17\"></span>a <span class=\"_ _16\"> </span>vita <span class=\"_ _19\"> </span>utile <span class=\"_ _16\"> </span>indefinita <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>avviamento<span class=\"ls9\">: <span class=\"_ _17\"></span></span>l\u2019avviamento <span class=\"_ _19\"> </span><span class=\"ff2\">e <span class=\"_ _16\"> </span>le <span class=\"_ _17\"> </span>altre <span class=\"_ _19\"> </span>attivit\u00e0 </span>immateriali a<span class=\"_ _0\"></span> vita u<span class=\"_ _0\"></span>tile inde<span class=\"_ _0\"></span>finita sono annualmen<span class=\"_ _0\"></span>te oggetto<span class=\"_ _0\"></span> di verifica<span class=\"_ _0\"></span> al fi<span class=\"_ _0\"></span>ne di accer<span class=\"_ _0\"></span>tare l\u2019esistenza <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>eventuali <span class=\"_ _1\"></span>riduzioni <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>valore <span class=\"_ _4\"></span>da <span class=\"_ _1\"></span>rilevare <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>conto <span class=\"_ _4\"></span>economic<span class=\"ff2\">o. <span class=\"_ _1\"></span>In <span class=\"_ _4\"></span>particolare, </span>la <span class=\"_ _1\"></span>verifica <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>oggetto <span class=\"_ _1\"></span>comporta <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>determinazi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>valore <span class=\"_ _1\"></span>recuperabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>CGU <span class=\"_ _4\"></span>cui sono <span class=\"_ _1\"></span>allocati <span class=\"_ _4\"></span><span class=\"ff6\">l\u2019avviament<span class=\"_ _0\"></span>o<span class=\"ff2\"> <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>altre <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>immateriali <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>vita <span class=\"_ _4\"></span>utile <span class=\"_ _4\"></span>indefini<span class=\"_ _0\"></span>ta <span class=\"_ _4\"></span>mediante <span class=\"_ _4\"></span>la<span class=\"_ _0\"></span> </span></span>stima del relativo valore recuperabi<span class=\"_ _0\"></span>le, pari al maggiore tra<span class=\"_ _0\"></span> il <span class=\"_ _1\"></span><span class=\"ff6\">valore d\u2019uso </span>e il fair value al netto <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>dismission<span class=\"_ _0\"></span>e; <span class=\"_ _5\"></span>qualora <span class=\"_ _5\"></span>tale <span class=\"_ _5\"></span>valore <span class=\"_ _4\"></span>recuperabile <span class=\"_ _5\"></span>risulti <span class=\"_ _5\"></span>inferiore <span class=\"_ _4\"></span>al <span class=\"_ _a\"></span>valo<span class=\"_ _0\"></span>re contabile <span class=\"_ _3\"></span>delle <span class=\"_ _0\"></span>CGU, <span class=\"_ _3\"></span>si d<span class=\"_ _0\"></span>eve <span class=\"_ _3\"></span>procedere <span class=\"_ _0\"></span>ad <span class=\"_ _3\"></span>una <span class=\"_ _0\"></span>sval<span class=\"_ _0\"></span>utazione <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>\u2019avviamento <span class=\"_ _3\"></span>allocato <span class=\"_ _0\"></span>al<span class=\"ff2\">le<span class=\"_ _0\"></span> </span>stesse <span class=\"_ _a\"></span><span class=\"ff6\">e, <span class=\"_ _17\"> </span>per <span class=\"_ _17\"> </span>l\u2019eventuale <span class=\"_ _a\"></span>eccedenza, <span class=\"_ _17\"> </span>delle <span class=\"_ _a\"></span>altre <span class=\"_ _a\"></span>attivit\u00e0<span class=\"_ _1\"></span></span>. <span class=\"_ _a\"></span>La <span class=\"_ _19\"> </span>determina<span class=\"_ _0\"></span>zione <span class=\"_ _a\"></span>del <span class=\"_ _17\"></span>valore recuperabile <span class=\"_ _17\"> </span>delle <span class=\"_ _17\"> </span>CGU <span class=\"_ _a\"></span>comporta <span class=\"_ _17\"> </span>l\u2019assunzione <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>stime <span class=\"_ _17\"> </span>che <span class=\"_ _17\"> </span>dipendono <span class=\"_ _17\"> </span>da <span class=\"_ _17\"> </span>fattori <span class=\"_ _17\"> </span>che possono <span class=\"_ _3\"></span>cambi<span class=\"_ _0\"></span>are <span class=\"_ _3\"></span>nel <span class=\"_ _2b\"></span>tempo, <span class=\"_ _3\"></span>con <span class=\"_ _2b\"></span>potenziali <span class=\"_ _2b\"></span>conseguenti <span class=\"_ _3\"></span>effetti <span class=\"_ _2b\"></span>anche <span class=\"_ _3\"></span>significativi <span class=\"_ _2b\"></span>r<span class=\"_ _1\"></span>ispetto<span class=\"_ _0\"></span> alle valutazioni<span class=\"_ _0\"></span> effettuate dagli<span class=\"_ _0\"></span> Amministratori.<span class=\"ff7\"> </span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff7 fc1\">Sval<span class=\"_ _0\"></span>utazione <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _4\"></span>immobili<span class=\"_ _0\"></span>zzate: <span class=\"_ _5\"></span><span class=\"ff2\">in <span class=\"_ _4\"></span>accordo <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>principi <span class=\"_ _4\"></span>contabili <span class=\"_ _4\"></span>applicati <span class=\"_ _4\"></span>dal </span></span></span>Gruppo, le <span class=\"_ _1\"></span>attivit\u00e0 materiali e <span class=\"_ _1\"></span>immateriali con <span class=\"_ _1\"></span>vita definita <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>oggetto di verifica <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>fine di <span class=\"_ _16\"> </span>accertare <span class=\"_ _16\"> </span>se <span class=\"_ _14\"> </span>si <span class=\"_ _16\"> </span>sia <span class=\"_ _14\"> </span>verificata<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>una <span class=\"_ _14\"> </span>riduzione <span class=\"_ _19\"> </span>di <span class=\"_ _14\"> </span>valore, <span class=\"_ _16\"> </span>che <span class=\"_ _14\"> </span>va <span class=\"_ _16\"> </span>rilevata <span class=\"_ _16\"> </span>tramite <span class=\"_ _16\"> </span>una svalutazione, <span class=\"_ _15\"> </span>quando <span class=\"_ _15\"> </span>sussistono <span class=\"_ _15\"> </span>indicatori <span class=\"_ _6\"> </span>che <span class=\"_ _15\"> </span>f<span class=\"_ _1\"></span>acciano <span class=\"_ _15\"> </span>prevedere<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>difficolt\u00e0 <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>il recupero <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>relativo <span class=\"_ _a\"></span>valore <span class=\"_ _a\"></span>netto <span class=\"_ _a\"></span>contabile <span class=\"_ _a\"></span>trami<span class=\"_ _0\"></span>te <span class=\"_ _a\"></span>l\u2019uso. <span class=\"_ _a\"></span>La <span class=\"_ _a\"></span>verifica <span class=\"_ _a\"></span>dell\u2019esistenza<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>dei su<span class=\"ff6\">ddetti <span class=\"_ _1e\"> </span>indicatori <span class=\"_ _1e\"> </span>richiede <span class=\"_ _1e\"> </span>da <span class=\"_ _23\"> </span>parte <span class=\"_ _1e\"> </span>degli <span class=\"_ _23\"> </span>amministratori <span class=\"_ _1e\"> </span>l\u2019esercizio <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>valutazioni </span>soggettive <span class=\"_ _16\"> </span>basate <span class=\"_ _16\"> </span>sulle <span class=\"_ _19\"> </span>informazioni <span class=\"_ _16\"> </span>disponibili <span class=\"_ _16\"> </span>all\u2019interno <span class=\"_ _19\"> </span>del <span class=\"_ _14\"> </span>Gruppo <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>dal <span class=\"_ _16\"> </span>mercato, nonch\u00e9 <span class=\"_ _17\"> </span>dall\u2019esperienza <span class=\"_ _a\"></span>st<span class=\"_ _1\"></span>orica. <span class=\"_ _17\"> </span>Inoltre, <span class=\"_ _17\"> </span>qualora <span class=\"_ _17\"> </span>venga <span class=\"_ _17\"> </span>determinato <span class=\"_ _17\"> </span>che <span class=\"_ _17\"> </span>possa <span class=\"_ _17\"> </span>essersi generata una<span class=\"_ _0\"></span> potenziale <span class=\"_ _0\"></span>riduzione di<span class=\"_ _0\"></span> valore, il<span class=\"_ _0\"></span> Gruppo pr<span class=\"_ _0\"></span>ocede all<span class=\"_ _0\"></span>a determinazi<span class=\"_ _0\"></span>one della<span class=\"_ _0\"></span> stessa <span class=\"_ _a\"></span>utilizzando <span class=\"_ _17\"></span>tecniche <span class=\"_ _a\"></span>valutative <span class=\"_ _17\"></span>ritenute <span class=\"_ _a\"></span>idonee. <span class=\"_ _17\"></span>La <span class=\"_ _a\"></span>corretta <span class=\"_ _17\"> </span>identificazione <span class=\"_ _a\"></span>degli elementi <span class=\"_ _4\"></span>indicatori <span class=\"_ _4\"></span>dell\u2019esistenza<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>una <span class=\"_ _4\"></span>potenziale <span class=\"_ _4\"></span>riduzione<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>valore, <span class=\"_ _4\"></span>non<span class=\"ff2\">ch\u00e9 <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>stime </span>per <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>deter<span class=\"_ _0\"></span>minazione <span class=\"_ _1\"></span>delle <span class=\"_ _4\"></span>stesse <span class=\"_ _4\"></span>dipendono <span class=\"_ _1\"></span>da <span class=\"_ _4\"></span>fattori <span class=\"_ _1\"></span>che <span class=\"_ _4\"></span>possono <span class=\"_ _4\"></span>variare <span class=\"_ _1\"></span>nel <span class=\"_ _4\"></span>tempo influenzando le valutazi<span class=\"_ _0\"></span>oni e stime e<span class=\"_ _0\"></span>ffettuate dagl<span class=\"_ _0\"></span>i Ammini<span class=\"_ _0\"></span>stratori.<span class=\"ff7\"> </span>\u2022 <span class=\"_ _25\"> </span>Ammo<span class=\"_ _0\"></span>rtamento <span class=\"_ _1e\"> </span>delle <span class=\"_ _23\"> </span>attivit\u00e0 <span class=\"_ _1e\"> </span>immobilizzate: <span class=\"_ _23\"> </span><span class=\"ff6\">l\u2019ammorta<span class=\"_ _0\"></span>mento <span class=\"_ _1e\"> </span>delle <span class=\"_ _1e\"> </span>imm<span class=\"_ _1\"></span>obilizzazi<span class=\"_ _0\"></span>oni </span>costituisce <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>costo <span class=\"_ _1\"></span>rilevante <span class=\"_ _4\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>Gruppo. I<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>costo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>immobili, <span class=\"_ _1\"></span>impianti <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>macchinari <span class=\"_ _1\"></span>\u00e8 ammortizzato<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>quote <span class=\"_ _4\"></span>costanti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>vita <span class=\"_ _4\"></span>utile <span class=\"_ _1\"></span>stimata <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>relativi <span class=\"_ _4\"></span>cespiti<span class=\"_ _0\"></span>. <span class=\"_ _4\"></span>La <span class=\"_ _4\"></span>vita <span class=\"_ _4\"></span>utile economica <span class=\"_ _16\"> </span>delle <span class=\"_ _14\"> </span>immobil<span class=\"_ _0\"></span>izzazioni <span class=\"_ _16\"> </span>del <span class=\"_ _14\"> </span>Gruppo <span class=\"_ _14\"> </span>\u00e8 <span class=\"_ _16\"> </span>determinata <span class=\"_ _14\"> </span>dagli <span class=\"_ _16\"> </span>amministrator<span class=\"_ _1\"></span>i <span class=\"_ _16\"> </span>nel momento <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>cui <span class=\"_ _16\"> </span>l\u2019immobili<span class=\"_ _0\"></span>zzazione <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>stata <span class=\"_ _14\"> </span>acqui<span class=\"_ _0\"></span>stata; <span class=\"_ _16\"> </span>essa <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _14\"> </span>basa<span class=\"_ _0\"></span>ta <span class=\"_ _16\"> </span>sull\u2019esperienza storica <span class=\"_ _5\"></span>per <span class=\"_ _4\"></span>analoghe <span class=\"_ _4\"></span>immobilizzazioni, <span class=\"_ _4\"></span>condizioni <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>mercato <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>anticipa<span class=\"_ _0\"></span>zioni <span class=\"_ _4\"></span>riguardanti eventi <span class=\"_ _16\"> </span>futuri <span class=\"_ _16\"> </span>che <span class=\"_ _16\"> </span>potrebbero <span class=\"_ _16\"> </span>avere <span class=\"_ _16\"> </span>impatto <span class=\"_ _16\"> </span>sulla <span class=\"_ _16\"> </span>vita <span class=\"_ _16\"> </span>utile, <span class=\"_ _16\"> </span>tra <span class=\"_ _14\"> </span>i <span class=\"_ _16\"> </span>quali <span class=\"_ _16\"> </span>variazioni <span class=\"_ _16\"> </span>nella tecnologia. <span class=\"_ _16\"> </span>Pertan<span class=\"_ _0\"></span>to, <span class=\"_ _16\"> </span>l\u2019effettiva <span class=\"_ _19\"> </span>vita <span class=\"_ _16\"> </span>economica <span class=\"_ _16\"> </span>pu\u00f2 <span class=\"_ _19\"> </span>differire <span class=\"_ _16\"> </span>dalla <span class=\"_ _16\"> </span>vita <span class=\"_ _16\"> </span>util<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>stimata. <span class=\"_ _19\"> </span>Il Gruppo <span class=\"_ _15\"> </span>valuta <span class=\"_ _15\"> </span>periodicamente<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>cambiamenti <span class=\"_ _6\"> </span>t<span class=\"_ _1\"></span>ecnologici<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>di <span class=\"_ _18\"> </span>settore<span class=\"_ _0\"></span>, <span class=\"_ _15\"> </span>gli <span class=\"_ _15\"> </span>oneri <span class=\"_ _15\"> </span>di smantellamento <span class=\"_ _6\"> </span>e <span class=\"_ _18\"> </span>il <span class=\"_ _18\"> </span>valore <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>recupero <span class=\"_ _15\"> </span>per <span class=\"_ _18\"> </span>aggiornare <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>residua <span class=\"_ _15\"> </span>vita <span class=\"_ _18\"> </span>utile. <span class=\"_ _15\"> </span>Tale aggiornamento <span class=\"_ _1b\"> </span>periodico <span class=\"_ _30\"> </span>potrebbe <span class=\"_ _30\"> </span>compor<span class=\"_ _0\"></span>tare <span class=\"_ _30\"> </span>una <span class=\"_ _30\"> </span>variazione <span class=\"_ _1b\"> </span>nel <span class=\"_ _30\"> </span>periodo <span class=\"_ _30\"> </span>di<span class=\"_ _0\"></span> ammortamen<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>quindi <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>quota <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>amm<span class=\"_ _0\"></span>ortamento <span class=\"_ _3\"></span>degli<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>esercizi <span class=\"_ _3\"></span>futuri. <span class=\"_ _3\"></span>Le <span class=\"_ _3\"></span>stime<span class=\"_ _3\"></span> e <span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>assunzioni <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>period<span class=\"_ _0\"></span>icamente <span class=\"_ _3\"></span>riviste e <span class=\"_ _3\"></span>gli <span class=\"_ _0\"></span>effetti <span class=\"_ _3\"></span>di ciascuna<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>variazi<span class=\"_ _0\"></span>one sono <span class=\"_ _3\"></span>iscritti a conto econo<span class=\"_ _0\"></span>mico.  \u2022 <span class=\"_ _25\"> </span>Imposte<span class=\"ff2\">: <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>imposte <span class=\"_ _b\"> </span>sul <span class=\"_ _14\"> </span>reddito <span class=\"_ _14\"> </span>(correnti <span class=\"_ _b\"> </span>e <span class=\"_ _14\"> </span>differite) <span class=\"_ _14\"> </span>sono <span class=\"_ _b\"> </span>determina<span class=\"_ _0\"></span>te <span class=\"_ _14\"> </span>secondo <span class=\"_ _b\"> </span>una </span>prudente <span class=\"_ _6\"> </span>interpretazion<span class=\"_ _0\"></span>e <span class=\"_ _6\"> </span>delle <span class=\"_ _6\"> </span>normative <span class=\"_ _6\"> </span>fiscali <span class=\"_ _6\"> </span>vigenti. <span class=\"_\"> </span>Questo <span class=\"_ _15\"> </span>proce<span class=\"_ _0\"></span>sso <span class=\"_ _6\"> </span>comporta<span class=\"_ _0\"></span> talvolta <span class=\"_ _5\"></span>complesse <span class=\"_ _4\"></span>stime <span class=\"_ _5\"></span>nella <span class=\"_ _5\"></span>determinazione <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>reddito <span class=\"_ _5\"></span>imponibile <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>differenze<span class=\"_ _0\"></span> temporanee <span class=\"_ _15\"> </span>deducibili <span class=\"_ _15\"> </span>ed <span class=\"_ _18\"> </span>imponibili <span class=\"_ _15\"> </span>t<span class=\"_ _1\"></span>ra <span class=\"_ _15\"> </span>valori <span class=\"_ _18\"> </span>contabili <span class=\"_ _15\"> </span>e <span class=\"_ _18\"> </span>fiscali. <span class=\"_ _18\"> </span>In <span class=\"_ _18\"> </span>particolare, <span class=\"_ _15\"> </span>la valutazione <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _0\"></span>recupe<span class=\"_ _0\"></span>rabilit\u00e0 <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>imposte <span class=\"_ _0\"></span>differite,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>rilevate<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>elazione <span class=\"_ _3\"></span>sia<span class=\"_ _0\"></span> alle <span class=\"_ _19\"> </span>perdite <span class=\"_ _16\"> </span>fiscali <span class=\"_ _19\"> </span>utilizzabili <span class=\"_ _19\"> </span>negli <span class=\"_ _19\"> </span>esercizi <span class=\"_ _16\"> </span>successivi, <span class=\"_ _19\"> </span>sia <span class=\"_ _16\"> </span>alle <span class=\"_ _16\"> </span>differen<span class=\"_ _0\"></span>ze <span class=\"_ _16\"> </span>temporanee deducibili<span class=\"_ _0\"></span>, tiene conto del<span class=\"_ _0\"></span>la stima dei redditi i<span class=\"_ _0\"></span>mponibi<span class=\"_ _0\"></span>li futuri attesi. \u2022 <span class=\"_ _25\"> </span>Ri<span class=\"_ _0\"></span>duzione <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>valore <span class=\"_ _16\"> </span>delle <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _19\"> </span>f<span class=\"_ _1\"></span>inanziarie<span class=\"ff6\">: <span class=\"_ _19\"> </span>Sott<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>modello <span class=\"_ _19\"> </span>previsto <span class=\"_ _16\"> </span>dall\u2019<span class=\"_ _0\"></span>IFRS <span class=\"_ _16\"> </span>9, <span class=\"_ _16\"> </span>la </span>perdita attesa viene definita come la somma <span class=\"_ _1\"></span>delle perdite attese derivanti dagli eventi di default <span class=\"_ _15\"> </span>che <span class=\"_ _18\"> </span>possono <span class=\"_ _15\"> </span>colpi<span class=\"_ _0\"></span>re <span class=\"_ _18\"> </span>lo <span class=\"_ _15\"> </span>strumento <span class=\"_ _15\"> </span>f<span class=\"_ _1\"></span>inan<span class=\"_ _0\"></span>ziario <span class=\"_ _15\"> </span>su <span class=\"_ _18\"> </span>un <span class=\"_ _18\"> </span>determi<span class=\"_ _0\"></span>nato <span class=\"_ _15\"> </span>orizzonte temporale; <span class=\"_ _a\"></span>ci\u00f2 <span class=\"_ _19\"> </span>si <span class=\"_ _17\"> </span>concretizza <span class=\"_ _17\"></span>nella <span class=\"_ _17\"></span>rilevazione <span class=\"_ _17\"> </span>della <span class=\"_ _17\"> </span>perdita <span class=\"_ _19\"> </span>attesa <span class=\"_ _17\"></span>sia <span class=\"_ _17\"></span>utilizzando <span class=\"_ _a\"></span>dati passati <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>presenti,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>nonch\u00e9 <span class=\"_ _4\"></span>informazi<span class=\"_ _0\"></span>oni <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>merito <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>circostanze<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>future <span class=\"_ _4\"></span>(forw<span class=\"_ _0\"></span>ard <span class=\"_ _4\"></span>looking<span class=\"_ _0\"></span>). Tale modello \u00e8 s<span class=\"_ _0\"></span>tato appli<span class=\"_ _0\"></span>cato alle attivit\u00e0 finanzi<span class=\"_ _0\"></span>arie iscritte al <span class=\"_ _0\"></span>costo ammo<span class=\"_ _0\"></span>rtizzato. \u2022 <span class=\"_ _25\"> </span>Benefici<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>ai <span class=\"_ _15\"> </span>dipenden<span class=\"_ _0\"></span>ti<span class=\"ff2\">: <span class=\"_\"> </span>gli <span class=\"_ _15\"> </span>accantonamenti<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>connessi <span class=\"_ _6\"> </span>ai <span class=\"_ _6\"> </span>benefici <span class=\"_ _6\"> </span>ai <span class=\"_ _6\"> </span>dipendenti <span class=\"_ _6\"> </span>sono </span>determinati <span class=\"_ _5\"></span>sulla <span class=\"_ _a\"></span>base <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>ipotesi <span class=\"_ _a\"></span>attuarial<span class=\"_ _0\"></span>i; <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>variazi<span class=\"_ _0\"></span>oni <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>tali <span class=\"_ _a\"></span>ipotesi <span class=\"_ _5\"></span>potrebbero <span class=\"_ _a\"></span>avere<span class=\"_ _3\"></span> effetti significa<span class=\"_ _0\"></span>tivi su tale voce<span class=\"ls9\">. <span class=\"_ _0\"></span><span class=\"ls0\"> </span></span>\u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff7 fc1\">Fondo <span class=\"_ _3\"></span>vertenze <span class=\"_ _3\"></span>legali<span class=\"ff2\">: <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>accantonamenti <span class=\"_ _2b\"></span>relativi <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>contenziosi <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>rutto <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>un <span class=\"_ _0\"></span>processo </span></span></span>che <span class=\"_ _16\"> </span>si <span class=\"_ _14\"> </span>basa <span class=\"_ _16\"> </span>sulla <span class=\"_ _16\"> </span>valutazione <span class=\"_ _16\"> </span>delle <span class=\"_ _16\"> </span>probabilit\u00e0 <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>soccombenza. <span class=\"_ _14\"> </span>Coerentemen<span class=\"_ _0\"></span>te <span class=\"_ _16\"> </span>con quanto <span class=\"_ _2\"> </span>dispos<span class=\"_ _0\"></span>to <span class=\"_ _2\"> </span>da<span class=\"_ _0\"></span>i <span class=\"_ _2\"> </span>p<span class=\"_ _0\"></span>rincipi <span class=\"_ _2\"> </span>con<span class=\"_ _0\"></span>tabili <span class=\"_ _2\"> </span>i<span class=\"_ _0\"></span>nternazional<span class=\"_ _0\"></span>i, <span class=\"_ _2\"> </span>sono <span class=\"_ _2\"> </span>i<span class=\"_ _0\"></span>scritti <span class=\"_ _9\"> </span>in <span class=\"_ _2\"> </span>bilancio <span class=\"_ _2\"> </span>gl<span class=\"_ _0\"></span>i accantonamenti <span class=\"_ _4\"></span>relativi <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>quei <span class=\"_ _5\"></span>contenziosi <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>cui <span class=\"_ _a\"></span>esito <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>soccombenza <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _4\"></span>stimato <span class=\"_ _a\"></span>co<span class=\"_ _0\"></span>me probabile.  \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ffd fc1\">All<span class=\"_ _0\"></span>ocazione <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>prezzo paga<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>per <span class=\"_ _3\"></span>l\u2019acquisizione <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>controllo <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>un\u2019entit\u00e0 <span class=\"_ _3\"></span>(Purchase <span class=\"_ _0\"></span>pric<span class=\"_ _0\"></span>e </span></span>allocation): <span class=\"_ _a\"></span><span class=\"ff6\">nell<span class=\"_ _0\"></span>\u2019ambito <span class=\"_ _a\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _5\"></span>aggregazioni <span class=\"_ _a\"></span>aziendali<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>fronte <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>corrispettivo <span class=\"_ _5\"></span>trasferito </span>per <span class=\"_ _5\"></span>l\u2019acquisizione <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>controllo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un\u2019impresa, <span class=\"_ _5\"></span>pari <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span><span class=\"ff7\">f<span class=\"_ _1\"></span>air<span class=\"ff2\"> <span class=\"_ _5\"></span></span>value<span class=\"ff2\"> <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>trasferite <span class=\"_ _5\"></span>e </span></span>delle passivit\u00e0 <span class=\"_ _4\"></span>assun<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>nonch\u00e9 degli <span class=\"_ _1\"></span>strumenti <span class=\"_ _1\"></span>di capitale <span class=\"_ _1\"></span>emessi, <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>identificabili acquisite <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _5\"></span>assunte <span class=\"_ _a\"></span>sono <span class=\"_ _4\"></span>rilevate <span class=\"_ _a\"></span>nel <span class=\"_ _4\"></span>bilancio <span class=\"_ _5\"></span>consolidato <span class=\"_ _a\"></span>ai <span class=\"_ _5\"></span>valori <span class=\"_ _a\"></span>correnti<span class=\"_ _0\"></span> (<span class=\"ff7\">fair <span class=\"_ _17\"></span>value) <span class=\"_ _a\"></span></span>alla <span class=\"_ _17\"></span>data <span class=\"_ _17\"></span>di <span class=\"_ _a\"></span>acquisizione, <span class=\"_ _a\"></span>mediante <span class=\"_ _a\"></span>un <span class=\"_ _17\"> </span>processo <span class=\"_ _a\"></span>di <span class=\"_ _17\"> </span>allocazione <span class=\"_ _17\"></span>del <span class=\"_ _a\"></span>prezzo pagato (<span class=\"ff7\">Purchase price allocation</span>). Durante il periodo di misurazione, la determinazione<span class=\"_ _0\"></span> di tali valori correnti <span class=\"_ _0\"></span>comporta l\u2019assunzione di<span class=\"_ _0\"></span> stime da<span class=\"_ _0\"></span> parte degli ammin<span class=\"_ _0\"></span>istratori circa<span class=\"_ _0\"></span> le informazioni disponibili su <span class=\"_ _1\"></span>tutti <span class=\"_ _1\"></span>i f<span class=\"_ _1\"></span>atti e <span class=\"_ _1\"></span>circostanze esistenti <span class=\"_ _1\"></span>alla data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>acquisizione che possono avere e<span class=\"_ _0\"></span>ffetti sul val<span class=\"_ _0\"></span>ore delle attivit\u00e0 acqui<span class=\"_ _0\"></span>site e delle passi<span class=\"_ _0\"></span>vit\u00e0 assunte. \u2022<span class=\"ff2\"> <span class=\"_ _25\"> </span><span class=\"ff7 fc1\">Stima <span class=\"_ _a\"></span>del <span class=\"_ _17\"></span>Fair <span class=\"_ _a\"></span>Value <span class=\"_ _17\"></span>degli <span class=\"_ _a\"></span>investimenti <span class=\"_ _17\"></span>immobili<span class=\"_ _0\"></span>ari:<span class=\"ff2\"> <span class=\"_ _19\"> </span>a <span class=\"_ _a\"></span>ciascuna <span class=\"_ _17\"></span>data <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>riferimento <span class=\"_ _17\"></span>del </span></span></span>bilancio, <span class=\"_ _a\"></span>gli <span class=\"_ _5\"></span>investimenti <span class=\"_ _a\"></span>immobiliari <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>valutati<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span><span class=\"ff7\">f<span class=\"_ _1\"></span>air <span class=\"_ _a\"></span>value</span>. <span class=\"_ _5\"></span>Nel <span class=\"_ _a\"></span>determinarne <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span><span class=\"ff7\">fair </span>value<span class=\"ff2\">, gli <span class=\"_ _0\"></span>amministra<span class=\"_ _0\"></span>tori <span class=\"_ _0\"></span>si bas<span class=\"ff6\">ano su<span class=\"_ _0\"></span> assunzi<span class=\"_ _0\"></span>oni <span class=\"_ _0\"></span>relative in <span class=\"_ _0\"></span>particolare<span class=\"_ _0\"></span> all\u2019andamento<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span> </span></span>mercato <span class=\"_ _2\"> </span>i<span class=\"_ _0\"></span>mmobiliare <span class=\"_ _2\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>rife<span class=\"_ _0\"></span>rimento. <span class=\"_ _9\"> </span>Tali <span class=\"_ _2\"> </span>assunzi<span class=\"_ _0\"></span>oni <span class=\"_ _2\"> </span>possono <span class=\"_ _9\"> </span>variare <span class=\"_ _2\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>tempo<span class=\"_ _0\"></span> influenzando le valutazi<span class=\"_ _0\"></span>oni e le s<span class=\"_ _0\"></span>time effettuare<span class=\"_ _0\"></span> dagli<span class=\"_ _0\"></span> amministratori.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__66": {
   "value": "Cambiamenti di principi contabili, errori e cambiamenti di stima I <span class=\"_ _23\"> </span>principi <span class=\"_ _23\"> </span>contabili <span class=\"_ _23\"> </span>adottati<span class=\"_ _0\"></span> <span class=\"_ _23\"> </span>sono <span class=\"_ _23\"> </span>modificati <span class=\"_ _23\"> </span>da <span class=\"_ _23\"> </span>un <span class=\"_ _23\"> </span>periodo <span class=\"_ _23\"> </span>all\u2019altro <span class=\"_ _1e\"> </span>solo <span class=\"_ _23\"> </span>se <span class=\"_ _23\"> </span>il cambiamento <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _2\"> </span>richi<span class=\"_ _0\"></span>esto <span class=\"_ _9\"> </span>da <span class=\"_ _2\"> </span>un <span class=\"_ _9\"> </span>principio <span class=\"_ _9\"> </span>o <span class=\"_ _2\"> </span>se <span class=\"_ _9\"> </span>contribuisce <span class=\"_ _9\"> </span>a <span class=\"_ _2\"> </span>fo<span class=\"_ _0\"></span>rnire <span class=\"_ _2\"> </span>i<span class=\"_ _0\"></span>nformazi<span class=\"_ _0\"></span>oni maggiormente <span class=\"_ _a\"></span>attendibi<span class=\"_ _0\"></span>li <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>rilevanti <span class=\"_ _a\"></span>degli <span class=\"_ _a\"></span>effetti <span class=\"_ _a\"></span>del<span class=\"_ _0\"></span>le <span class=\"_ _a\"></span>operazioni <span class=\"_ _a\"></span>compiute <span class=\"_ _a\"></span>sulla <span class=\"_ _a\"></span>situazione patrimoniale, sul <span class=\"_ _0\"></span>risultato economico<span class=\"_ _0\"></span> o sui flussi <span class=\"_ _0\"></span>finanziari dell<span class=\"_ _0\"></span>\u2019impresa.<span class=\"ff2\"> </span>I <span class=\"_ _2\"> </span>cambiamenti <span class=\"_ _2\"> </span>dei <span class=\"_ _2\"> </span>principi<span class=\"_ _0\"></span> <span class=\"_ _2\"> </span>contabili <span class=\"_ _2\"> </span>sono <span class=\"_ _2\"> </span>contabilizzati <span class=\"_ _2\"> </span>retroattiva<span class=\"_ _0\"></span>mente <span class=\"_ _2\"> </span>con<span class=\"_ _0\"></span> l\u2019imputazione <span class=\"_ _3\"></span>degli<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>effetti <span class=\"_ _2b\"></span>a <span class=\"_ _0\"></span>patrimonio<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>d\u2019apertura<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _3\"></span>remoto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>pe<span class=\"ff2\">riodi <span class=\"_ _3\"></span>presentati. </span>Gli <span class=\"_ _1\"></span>importi <span class=\"_ _4\"></span>comparativi <span class=\"_ _1\"></span>indi<span class=\"_ _0\"></span>cati <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>ciascun <span class=\"_ _1\"></span>periodo <span class=\"_ _1\"></span>precedente <span class=\"_ _1\"></span>vengono <span class=\"_ _4\"></span>parimenti r<span class=\"_ _1\"></span>ettificati come se il nuovo<span class=\"_ _0\"></span> principio fosse s<span class=\"_ _0\"></span>tato applicato si<span class=\"_ _0\"></span>n dall\u2019ini<span class=\"_ _0\"></span>zio. <span class=\"ff2\"> </span>L\u2019approccio <span class=\"_ _6\"> </span>prospettico<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _15\"> </span>effettuato <span class=\"_\"> </span>solo <span class=\"_ _6\"> </span>quando <span class=\"_ _6\"> </span>risulta <span class=\"_ _6\"> </span>impraticabile <span class=\"_ _6\"> </span>ricost<span class=\"ff2\">r<span class=\"_ _1\"></span>uire<span class=\"_ _0\"></span> </span>l\u2019informazione <span class=\"_ _8\"> </span>comparati<span class=\"_ _0\"></span>va <span class=\"_ _8\"> </span>ovvero <span class=\"_ _9\"> </span>qualora <span class=\"_ _8\"> </span>gli <span class=\"_ _8\"> </span>effetti <span class=\"_ _8\"> </span>del <span class=\"_ _9\"> </span>cambiamento <span class=\"_ _23\"> </span>r<span class=\"_ _1\"></span>isultino <span class=\"_ _8\"> </span>non significativi. L\u2019applicazi<span class=\"_ _0\"></span>one <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>un <span class=\"_ _19\"> </span>pri<span class=\"_ _1\"></span>ncipio <span class=\"_ _17\"> </span>contabile <span class=\"_ _19\"> </span>nuovo <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>modificato <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>contabilizzata <span class=\"_ _17\"> </span>come richiesto <span class=\"_ _14\"> </span>dal <span class=\"_ _14\"> </span>principi<span class=\"_ _0\"></span>o <span class=\"_ _14\"> </span>stesso. <span class=\"_ _14\"> </span>Se <span class=\"_ _16\"> </span>il <span class=\"_ _b\"> </span>pri<span class=\"_ _0\"></span>ncipio <span class=\"_ _14\"> </span>non <span class=\"_ _14\"> </span>discipli<span class=\"_ _0\"></span>na <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>mod<span class=\"_ _1\"></span>alit\u00e0 <span class=\"_ _14\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>transizione, <span class=\"_ _14\"> </span>il cambiamento \u00e8 cont<span class=\"_ _0\"></span>abilizzato secondo il<span class=\"_ _0\"></span> metodo <span class=\"_ _0\"></span>retroattivo o, se<span class=\"_ _0\"></span> impraticabi<span class=\"_ _0\"></span>le, prospettico. Nel caso di errori rilevant<span class=\"_ _0\"></span>i si applica lo stesso trattamento previ<span class=\"_ _0\"></span>sto per i cambiamenti<span class=\"_ _0\"></span> nei <span class=\"_ _2\"> </span>principi <span class=\"_ _2\"> </span>contabili <span class=\"_ _2\"> </span>illustrato <span class=\"_ _2\"> </span>in <span class=\"_ _2\"> </span>precedenza. <span class=\"_ _2\"> </span>Nel <span class=\"_ _2\"> </span>caso <span class=\"_ _2\"> </span>di <span class=\"_ _13\"> </span>errori <span class=\"_ _2\"> </span>non <span class=\"_ _2\"> </span>rilevanti <span class=\"_ _2\"> </span>la contabilizzazi<span class=\"_ _0\"></span>one \u00e8 effettuata a<span class=\"_ _0\"></span> Conto Economico<span class=\"_ _0\"></span> nel periodo in<span class=\"_ _0\"></span> cui l\u2019error<span class=\"_ _0\"></span>e \u00e8 rilevato.<span class=\"ff2\"> </span>I <span class=\"_ _1\"></span>cambiamenti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>stima <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>contabilizzati prospetticamente <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Conto <span class=\"_ _1\"></span>Economico <span class=\"_ _1\"></span>nel periodo in <span class=\"_ _0\"></span>cui avvien<span class=\"_ _0\"></span>e il <span class=\"_ _0\"></span>cambiamento se <span class=\"_ _0\"></span>influisce <span class=\"_ _0\"></span>solo <span class=\"_ _0\"></span>su quest\u2019ultimo <span class=\"_ _0\"></span>oppure ne<span class=\"_ _0\"></span>l periodo <span class=\"_ _0\"></span>in cui \u00e8 avvenuto<span class=\"_ _0\"></span> il cambia<span class=\"_ _0\"></span>mento e<span class=\"_ _0\"></span> nei periodi<span class=\"_ _0\"></span> successivi se il <span class=\"_ _0\"></span>cambiamento<span class=\"_ _0\"></span> influisce anche su<span class=\"_ _0\"></span> questi ultimi.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__68": {
   "value": "Informativa di settore  <span class=\"_ _24\"> </span><span class=\"ff6\">In <span class=\"_ _4\"></span>applicazi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>dell\u2019IFRS <span class=\"_ _1\"></span>8, <span class=\"_ _4\"></span>relativamente <span class=\"_ _1\"></span>agli <span class=\"_ _4\"></span>schemi <span class=\"_ _1\"></span>relativi <span class=\"_ _1\"></span>all\u2019informativa <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>settore </span>di <span class=\"_ _4\"></span>att<span class=\"_ _1\"></span>ivit\u00e0,<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>Caltagi<span class=\"_ _0\"></span>rone <span class=\"_ _4\"></span>adotta <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>suddivisione <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>settore <span class=\"_ _5\"></span>operativo, <span class=\"_ _4\"></span>definito <span class=\"_ _4\"></span>come<span class=\"_ _0\"></span> una componente<span class=\"_ _0\"></span> di un\u2019entit\u00e0:<span class=\"ff2\"> </span>a) <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>intraprende <span class=\"_ _4\"></span>attivit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _4\"></span>imprenditoriali <span class=\"_ _4\"></span>generatrici<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>ricavi <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>costi <span class=\"_ _4\"></span>(compresi <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>ricavi <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>i costi riguardanti ope<span class=\"_ _0\"></span>razioni<span class=\"_ _0\"></span> con altre componen<span class=\"_ _0\"></span>ti della medesima<span class=\"_ _0\"></span> entit\u00e0); b) <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>risultati <span class=\"_ _5\"></span>operativi <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>rivisti <span class=\"_ _5\"></span>periodicamente <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>alto <span class=\"_ _5\"></span>livello <span class=\"_ _4\"></span>decisionale <span class=\"_ _5\"></span>operativo<span class=\"_ _0\"></span> dell'entit\u00e0 <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>fini <span class=\"_ _1\"></span>dell'adozione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>decisioni <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>merito <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>risorse <span class=\"_ _4\"></span>da <span class=\"_ _1\"></span>allocare <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>settore <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>della<span class=\"_ _0\"></span> valutazione dei risulta<span class=\"_ _0\"></span>ti; e c) per la quale<span class=\"_ _0\"></span> sono disponi<span class=\"_ _0\"></span>bili informazioni di<span class=\"_ _0\"></span> bilancio separa<span class=\"_ _0\"></span>te. L\u2019indivi<span class=\"_ _0\"></span>duazione <span class=\"_ _1\"></span>dei <span class=\"_ _4\"></span>settori <span class=\"_ _4\"></span>operativi <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>Gruppo <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>stata <span class=\"_ _4\"></span>effettuata <span class=\"_ _4\"></span>con <span class=\"_ _1\"></span>riferimen<span class=\"_ _1\"></span><span class=\"ff2\">to <span class=\"_ _4\"></span>al<span class=\"_ _0\"></span> </span>sistema <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>rendicontazione <span class=\"_ _3\"></span>interno<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>adottato <span class=\"_ _3\"></span>periodicamente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>Capogruppo <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>struttura<span class=\"_ _0\"></span> direzionale e organizza<span class=\"_ _0\"></span>tiva del Gruppo<span class=\"_ _0\"></span>.  I <span class=\"_ _1\"></span>settori <span class=\"_ _1\"></span>operativi identificati del <span class=\"_ _1\"></span>Gruppo sono <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>seguenti: a) <span class=\"_ _4\"></span>Cemento, calcestruzzo e inerti, <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>appresent<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>dal<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Gr<span class=\"_ _1\"></span>uppo <span class=\"_ _3\"></span>Cementir, <span class=\"_ _3\"></span>b) Edit<span class=\"_ _0\"></span>oria, <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>appresenta<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>dal <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>Cal<span class=\"_ _0\"></span>tagirone<span class=\"_ _0\"></span> Editore, <span class=\"_ _5\"></span>c) <span class=\"_ _a\"></span>Costruzioni, <span class=\"_ _5\"></span>rappresentato <span class=\"_ _a\"></span>dal<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>Grupp<span class=\"_ _0\"></span>o <span class=\"_ _a\"></span>Vianini<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>Lavori, <span class=\"_ _5\"></span>d) <span class=\"_ _a\"></span>Gestione <span class=\"_ _5\"></span>immobiliare, rappresentato dal <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>Vianini ed <span class=\"_ _4\"></span>e) <span class=\"_ _1\"></span>Altre <span class=\"_ _1\"></span>attivit\u00e0, <span class=\"_ _1\"></span>rappresenta<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>dalle <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _1\"></span>controllate<span class=\"_ _0\"></span> che <span class=\"_ _1e\"> </span>svolgono <span class=\"_ _23\"> </span>prevalentemente<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>attivit\u00e0 <span class=\"_ _23\"> </span>di <span class=\"_ _1e\"> </span>natura <span class=\"_ _1e\"> </span>f<span class=\"_ _1\"></span>inanziaria<span class=\"_ _0\"></span>, <span class=\"_ _23\"> </span>in <span class=\"_ _1e\"> </span>qualit\u00e0 <span class=\"_ _1e\"> </span>di <span class=\"_ _23\"> </span>holding <span class=\"_ _1e\"> </span>di partecipazioni, <span class=\"_ _2b\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>controll<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>operativ<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>nella <span class=\"_ _2b\"></span>prestazione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>servizi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>varia <span class=\"_ _3\"></span>natura. In<span class=\"ls0\">oltre, <span class=\"_ _16\"> </span>le <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>sono <span class=\"_ _16\"> </span>svolte <span class=\"_ _14\"> </span>nelle <span class=\"_ _16\"> </span>seguenti <span class=\"_ _14\"> </span>aree <span class=\"_ _14\"> </span>geografiche:<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>Italia, <span class=\"_ _16\"> </span>Danimarca,<span class=\"_ _0\"></span> </span>Belgio, <span class=\"_ _17\"> </span>Usa, <span class=\"_ _19\"> </span>Turchia, <span class=\"_ _19\"> </span>Egitto, <span class=\"_ _17\"> </span>Cina <span class=\"_ _19\"> </span>con <span class=\"_ _17\"> </span>M<span class=\"_ _1\"></span>alesia <span class=\"_ _17\"></span>e <span class=\"_ _19\"> </span>Australia <span class=\"_ _17\"></span>e <span class=\"_ _19\"> </span>infine <span class=\"_ _19\"> </span>altri <span class=\"_ _17\"> </span>paesi <span class=\"_ _19\"> </span>esteri. <span class=\"_ _16\"> </span>Per<span class=\"_ _0\"></span> maggiori dettagli<span class=\"_ _0\"></span> si rimanda al<span class=\"_ _0\"></span>la nota 32.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__71": {
   "value": "1.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Attivit\u00e0 Imma<span class=\"_ _0\"></span>teriali a vita utile defin<span class=\"_ _0\"></span>ita </span>Diritti di Altre Imm. in Costi di concessione, Costo storico attivit\u00e0 corso e Totale sviluppo licenze e immateriali acconti marchi 01.01.2021 1.786  54.005  240.683  3.411  299.885  Incrementi 583 <span class=\"ls0\"> </span>295 <span class=\"ls0\"> </span>2.688  3.565  Decrementi  (2)   -   -   (2)  Variazione perimetro di consolidamento 5.634  5 <span class=\"ls0\"> </span>5.639  Svalutazioni  -  Riclassifiche 265 <span class=\"ls0\"> </span>536 <span class=\"ls0\"> </span> (3.078)   (2.277)  Differenze di conversione 1.230  7.212  5 <span class=\"ls0\"> </span>8.447  31.12.2021 1.786  61.714  248.730  3.027  315.257  01.01.2022 1.786  61.714  248.730  3.027  315.257  Incrementi 1.029  12.187  2.997  16.214  Decrementi  (13)   (990)   (274)   (1.277)  Svalutazioni  -  Rivalutazioni IAS 29 4.243  3.090  7.333  Riclassifiche 1.233  4.453   (4.747)  938 <span class=\"ls0\"> </span>Differenze di conversione 409 <span class=\"ls0\"> </span>5.675  3 <span class=\"ls0\"> </span>6.087  31.12.2022 1.786  68.616  273.145  1.004  344.552  Diritti di Imm. in Fondo <span class=\"ls0\">ammortamento e perdite </span>Costi di concessione, Altre corso e Totale durevoli sviluppo licenze e acconti marchi 01.01.2021 1.786  23.686  77.600   -  103.071  Incrementi 3.237  13.933  17.170  Decrementi  -   -   -  Variazione perimetro di consolidamento - 4 <span class=\"ls0\"> </span>4 <span class=\"ls0\"> </span>Riclassifiche  (2.022)   (2.022)  Differenze di conversione 768 <span class=\"ls0\"> </span>1.299  2.067  31.12.2021 1.786  27.691  90.813   -  120.290  01.01.2022 1.786  27.691  90.813   -  120.290  Incrementi 2.723  13.830  16.553  Decrementi  (1)   (1.139)   (1.139)  Rivalutazioni IAS 29 561 <span class=\"ls0\"> </span>2.995  3.556  Variazione perimetro di consolidamento  -  Riclassifiche 321 <span class=\"ls0\"> </span> (892)   (571)  Differenze di conversione  (255)  1.086  831 <span class=\"ls0\"> </span>31.12.2022 1.786  31.040  106.693   -  139.519  Valore netto 01.01.2021  -  30.319  163.083  3.411  196.813  31.12.2021  -  34.024  157.917  3.027  194.967  31.12.2022  -  37.576  166.453  1.004  205.033  Al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>immateriali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>utile <span class=\"_ _3\"></span>definita <span class=\"_ _3\"></span>ammon<span class=\"_ _0\"></span>tano <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span><span class=\"ls2\">205<span class=\"ls0\"> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ilioni<span class=\"_ _0\"></span> </span></span>di <span class=\"_ _0\"></span>euro <span class=\"_ _0\"></span>(<span class=\"ls2\">19</span>5 <span class=\"_ _0\"></span>milioni<span class=\"_ _0\"></span> di <span class=\"_ _3\"></span>euro al <span class=\"_ _0\"></span>31<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>cembre <span class=\"_ _0\"></span><span class=\"ls2\">2021<span class=\"ls0\">) <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>sono quasi <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>ramente <span class=\"_ _3\"></span>riferibili al<span class=\"_ _0\"></span> G<span class=\"_ _0\"></span>ruppo </span></span>Cementir <span class=\"_\"> </span>Holding. <span class=\"_\"> </span>I <span class=\"_\"> </span>diritti <span class=\"_\"> </span>di <span class=\"_\"> </span>concessione <span class=\"_\"> </span>e <span class=\"_\"> </span>licenze <span class=\"_\"> </span>si <span class=\"_\"> </span>riferiscono <span class=\"_ _6\"> </span>preval<span class=\"_ _0\"></span>entemente <span class=\"_\"> </span>alle<span class=\"_ _0\"></span> concessioni <span class=\"_\"> </span>sul<span class=\"_ _0\"></span>l\u2019utilizzo <span class=\"_ _14\"> </span>di <span class=\"_\"> </span>cave <span class=\"_\"> </span>e <span class=\"_\"> </span>al<span class=\"_ _0\"></span>le <span class=\"_\"> </span>licen<span class=\"_ _0\"></span>ze <span class=\"_ _b\"> </span>software <span class=\"_ _b\"> </span>relative <span class=\"_\"> </span>al<span class=\"_ _0\"></span>l\u2019implementazion<span class=\"_ _0\"></span>e <span class=\"_\"> </span>del<span class=\"_ _0\"></span> sistema informa<span class=\"_ _0\"></span>tivo (SAP R/3)<span class=\"_ _0\"></span>. L\u2019incremento <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>periodo<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>attribuibile <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>proget<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>relativi <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>iglioramenti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>nei <span class=\"_ _1\"></span>processi IT, <span class=\"_ _16\"> </span>tecnologia, <span class=\"_ _14\"> </span>infrastrut<span class=\"_ _0\"></span>ture <span class=\"_ _14\"> </span>e <span class=\"_ _16\"> </span>misure <span class=\"_ _14\"> </span>di <span class=\"_ _16\"> </span>sicurezza <span class=\"_ _16\"> </span>informatica. <span class=\"_ _16\"> </span>In <span class=\"_ _14\"> </span>partic<span class=\"_ _0\"></span>olare, <span class=\"_ _16\"> </span>i <span class=\"_ _14\"> </span>principali progetti hanno <span class=\"_ _1\"></span>riguardato nuovi <span class=\"_ _1\"></span>sviluppi nell\u2019ambito dei <span class=\"_ _1\"></span>sistemi <span class=\"_ _1\"></span>ERP e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>reportistica (SAP <span class=\"_ _1\"></span>e BW) <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>l'implementazione <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>un <span class=\"_ _0\"></span>Budget <span class=\"_ _3\"></span>Tool <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>livello <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>Cementir <span class=\"_ _3\"></span>Holding; <span class=\"_ _3\"></span>inoltre, <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> stati <span class=\"_ _1\"></span>realizzati importanti investimenti <span class=\"_ _1\"></span>in alcune <span class=\"_ _1\"></span>societ\u00e0 del <span class=\"_ _1\"></span>Gruppo per <span class=\"_ _1\"></span>l\u2019ottimizzazione della rete e dei sistemi<span class=\"_ _0\"></span> per il s<span class=\"_ _0\"></span>upporto alla logi<span class=\"_ _0\"></span>stica (es. C-Scale).  Le <span class=\"_ _4\"></span>Altre <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _4\"></span>imma<span class=\"_ _0\"></span>teriali<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>includono <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>determinazione <span class=\"_ _1\"></span>dei <span class=\"_ _5\"></span>valori <span class=\"_ _4\"></span>assegnati <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>sede<span class=\"_ _0\"></span> di <span class=\"_ _a\"></span>acquisizione <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>Gruppo <span class=\"_ _a\"></span>Compagnie <span class=\"_ _a\"></span>des <span class=\"_ _17\"></span>Ciments <span class=\"_ _a\"></span>Belges <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>della <span class=\"_ _17\"></span>societ\u00e0 <span class=\"_ _a\"></span>Lehigh <span class=\"_ _a\"></span>White Cement <span class=\"_ _6\"> </span>Company <span class=\"_ _6\"> </span>ad <span class=\"_ _6\"> </span>alcune <span class=\"_ _6\"> </span>grandezze <span class=\"_ _15\"> </span>quali <span class=\"_ _6\"> </span>le <span class=\"_ _6\"> </span>liste <span class=\"_ _6\"> </span>clienti <span class=\"_ _15\"> </span>e <span class=\"_ _6\"> </span>i <span class=\"_ _6\"> </span>contr<span class=\"_ _1\"></span>atti <span class=\"_ _6\"> </span>inerenti <span class=\"_ _15\"> </span><span class=\"ls2\">al</span>lo sfruttamento <span class=\"_ _21\"> </span>in <span class=\"_ _1a\"> </span>esclusiva <span class=\"_ _1a\"> </span>di <span class=\"_ _1a\"> </span>cave. <span class=\"_ _1a\"> </span>Tali <span class=\"_ _1a\"> </span>grandezze <span class=\"_ _21\"> </span>sono <span class=\"_ _1a\"> </span>state <span class=\"_ _1a\"> </span>iscritt<span class=\"_ _1\"></span><span class=\"ff6\">e <span class=\"_ _1a\"> </span>nell\u2019ambito </span>dell\u2019allocazi<span class=\"_ _0\"></span>one del prezzo pagato<span class=\"_ _0\"></span> per l\u2019acqui<span class=\"_ _0\"></span>sizione delle suddet<span class=\"_ _0\"></span>te societ\u00e0.<span class=\"ff2\"> </span>2.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Attivit\u00e0 imma<span class=\"_ _0\"></span>teriali a vita utile indef<span class=\"_ _0\"></span>inita e avviamento<span class=\"_ _0\"></span> </span>Costo storico Avviamento Testate Editorial<span class=\"_ _0\"></span>i Totale 01.01.2021  331.353   103.002   434.355  Incrementi  <span class=\"ls12\">65 </span>  <span class=\"ls12\">65 </span> Svalutazioni  -  Differenze di  (12.730)   (12.730)  conversione 31.12.2021  318.688   103.002   421.690  01.01.2022 318.688 103.002 421.690 Svalutazioni (3.148) (11.200) (14.348) Rivalutazioni IAS 29<span class=\"_ _0\"></span> 99.133 99.133 Decrementi Differenze di (6.262) (6.262) conversione 31.12.2022 408.411 91.802 500.213 L\u2019avviamento <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>allocato<span class=\"ff2\"> <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>seguenti <span class=\"_ _a\"></span>gruppi <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span><span class=\"ff7\">cash <span class=\"_ _a\"></span>generating <span class=\"_ _a\"></span>unit<span class=\"ls3\">, <span class=\"_ _a\"></span></span></span>tutte <span class=\"_ _a\"></span>riferibili <span class=\"_ _a\"></span>al </span>Gruppo Cemen<span class=\"_ _0\"></span>tir Holding<span class=\"ff7\">: </span>Nord Asia 31.12.2022 Nordic &amp; Turchia Egitto Italia Totale America Pacifico Baltic USA Valore di inizio 256.757  27.164  27.874  2.147  3.169  1.577  318.688  periodo Rivalutazione  -   -  99.133   -   -  - 99.133  monetaria  Svalutazioni - -  (3.148)  - - -  (3.148)   Differenze di  (1.354)  1.681   (5.902)   (694)  7 <span class=\"ls0\"> </span>-  (6.262)  conversione  Valore di fine 255.403  28.845  117.957  1.453  3.176  1.577  408.411  periodo Nell\u2019effettuazione<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>dei <span class=\"_ _18\"> </span>t<span class=\"_ _1\"></span>est <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>impairment <span class=\"_ _18\"> </span>sono <span class=\"_ _18\"> </span>stati <span class=\"_ _18\"> </span>presi <span class=\"_ _18\"> </span>in <span class=\"_ _18\"> </span>considerazione <span class=\"_ _18\"> </span>gli<span class=\"_ _0\"></span> andamenti <span class=\"_ _1\"></span>attesi <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>2023. <span class=\"_ _1\"></span>Inoltre, per <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>anni <span class=\"_ _1\"></span>successivi, <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>state <span class=\"_ _1\"></span>formulate specifiche previsioni <span class=\"_ _17\"> </span>dell\u2019andamento <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span>business, <span class=\"_ _19\"> </span><span class=\"ff2\">tenendo <span class=\"_ _19\"> </span>pertanto <span class=\"_ _19\"> </span>conto <span class=\"_ _16\"> </span>del <span class=\"_ _19\"> </span>contesto <span class=\"_ _19\"> </span>economico-</span>finanziario e di me<span class=\"_ _0\"></span>rcato. Le <span class=\"_ _0\"></span>stime <span class=\"_ _3\"></span>ed i <span class=\"_ _3\"></span>dati <span class=\"_ _0\"></span>previsio<span class=\"_ _0\"></span>nali <span class=\"_ _3\"></span>cui sono <span class=\"_ _3\"></span>applicati <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>citati pa<span class=\"_ _0\"></span>rametri <span class=\"_ _3\"></span>sono s<span class=\"_ _0\"></span>tati <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>nati sulla base <span class=\"_ _0\"></span>dell\u2019<span class=\"_ _0\"></span>esperienza passata<span class=\"_ _0\"></span> e del<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>ttese <span class=\"_ _0\"></span>circa gli <span class=\"_ _0\"></span>sviluppi <span class=\"_ _0\"></span>dei me<span class=\"_ _0\"></span>rcati in <span class=\"_ _0\"></span>cui il<span class=\"_ _0\"></span> <span class=\"ff2\">Gruppo<span class=\"_ _0\"></span> </span>opera. <span class=\"_ _17\"> </span>Il <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>Cementir <span class=\"_ _17\"></span>Holding <span class=\"_ _17\"> </span>tiene <span class=\"_ _19\"> </span>sotto <span class=\"_ _17\"> </span>costante <span class=\"_ _17\"> </span>monitoraggio <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>circostanze<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>gli eventi, <span class=\"_ _23\"> </span>legati <span class=\"_ _23\"> </span>all\u2019evoluzione <span class=\"_ _23\"> </span>dell\u2019attuale<span class=\"_ _0\"></span> <span class=\"_ _23\"> </span>contesto <span class=\"_ _23\"> </span>economico, <span class=\"_ _23\"> </span>che <span class=\"_ _23\"> </span>potrebbero <span class=\"_ _1e\"> </span>causare l\u2019esistenza di perdite<span class=\"_ _0\"></span> di valore.<span class=\"ff2\"> </span>Le <span class=\"_ _4\"></span>verifiche <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>sopra <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>hanno <span class=\"_ _5\"></span>dato <span class=\"_ _4\"></span>origine <span class=\"_ _1\"></span>ad <span class=\"_ _5\"></span>alcuna <span class=\"_ _4\"></span>riduzione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>31 dicembre 2022.<span class=\"_ _0\"></span> L\u2019analisi<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>sensitivit\u00e0 <span class=\"_ _1\"></span>rispetto ai <span class=\"_ _4\"></span>para<span class=\"_ _0\"></span>metri <span class=\"_ _1\"></span>utili<span class=\"_ _0\"></span>zzati <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>fini <span class=\"_ _1\"></span>dell\u2019impairmen<span class=\"_ _0\"></span>t test <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>ha evidenziato effetti sui risultati delle valutazioni effettuate ed <span class=\"_ _1\"></span>\u00e8 stata operata mediante ipotesi di <span class=\"_ _1\"></span>oscillazione dei <span class=\"_ _1\"></span>tassi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>attualizzazi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>(WACC) <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dei tassi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>crescita dei <span class=\"_ _1\"></span>valori <span class=\"_ _1\"></span>terminali. In <span class=\"_ _4\"></span>particol<span class=\"_ _0\"></span>are, <span class=\"_ _1\"></span>una <span class=\"_ _4\"></span>possi<span class=\"_ _0\"></span>bile <span class=\"_ _1\"></span>ragionevole <span class=\"_ _1\"></span>oscillazione <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>WACC, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>parit\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>altre <span class=\"_ _1\"></span>condizioni, non <span class=\"_ _3\"></span>comporterebbe<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>rilevazione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>perdita <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>tutti <span class=\"_ _0\"></span>i <span class=\"_ _2b\"></span>raggruppamenti <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>CGU esposte in preceden<span class=\"_ _0\"></span>za.  Gruppo Caltagirone Edi<span class=\"_ _0\"></span>tore Con rife<span class=\"_ _0\"></span>rimento al<span class=\"_ _0\"></span> modell<span class=\"_ _0\"></span>o val<span class=\"_ _0\"></span>utativo u<span class=\"_ _0\"></span>tilizzato <span class=\"_ _0\"></span>ai fi<span class=\"_ _0\"></span>ni del<span class=\"_ _0\"></span>la verifica<span class=\"_ _0\"></span> dell<span class=\"_ _0\"></span>a recuperabi<span class=\"_ _0\"></span>lit\u00e0 delle <span class=\"_ _4\"></span>Testate <span class=\"_ _5\"></span>Editoriali, <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>linea <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>svolto <span class=\"_ _4\"></span>nel <span class=\"_ _5\"></span><span class=\"ls2\">2021</span>, <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _4\"></span>stata <span class=\"_ _5\"></span>effettuata <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>verifica <span class=\"_ _4\"></span>di recuperabilit\u00e0 <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>valore <span class=\"_ _3\"></span>delle singol<span class=\"_ _0\"></span>e Te<span class=\"_ _0\"></span>state Editorial<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>ai sen<span class=\"_ _0\"></span>si de<span class=\"_ _0\"></span>l combi<span class=\"_ _0\"></span>nato di<span class=\"_ _0\"></span>sposto del<span class=\"_ _0\"></span>lo IAS 36 par. 10(a<span class=\"_ _0\"></span>) e dello <span class=\"_ _0\"></span>IAS 38 par. 108. <span class=\"_ _0\"></span>  L\u2019<span class=\"ff7 ls0\">impairment <span class=\"_ _0\"></span>test <span class=\"ff2\">dell<span class=\"_ _0\"></span>e si<span class=\"_ _0\"></span>ngole Testa<span class=\"_ _0\"></span>te Edi<span class=\"_ _0\"></span>toriali \u00e8<span class=\"_ _0\"></span> stato<span class=\"_ _0\"></span> effe<span class=\"_ _0\"></span>ttuato a<span class=\"_ _0\"></span>vendo r<span class=\"_ _0\"></span>iferimento<span class=\"_ _0\"></span> </span></span>a <span class=\"_ _1\"></span>un <span class=\"_ _4\"></span>valore recuperabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>singole <span class=\"_ _1\"></span>Testate <span class=\"_ _1\"></span>Editoriali <span class=\"_ _1\"></span>calcolato <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>modello <span class=\"_ _1\"></span>valutativo fondato <span class=\"_ _5\"></span>su <span class=\"_ _4\"></span>una <span class=\"_ _5\"></span>misura <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>coerente <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span><span class=\"ff7\">fair <span class=\"_ _4\"></span>value</span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>terzo <span class=\"_ _5\"></span>livello <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>cui <span class=\"_ _a\"></span>al <span class=\"_ _4\"></span>principio contabile internaz<span class=\"ff6\">ional<span class=\"_ _0\"></span>e IFRS<span class=\"_ _0\"></span> 13 \u201c<span class=\"ff7\">Fair Value Mea<span class=\"_ _0\"></span>surement<span class=\"ff6\">\u201d (o \u201c<span class=\"_ _0\"></span>IFRS 13\u201d).<span class=\"_ _0\"></span>  <span class=\"ff2\"> </span></span></span></span>Il <span class=\"_ _2\"> </span>valore <span class=\"_ _2\"> </span>recup<span class=\"_ _0\"></span>erabile<span class=\"ff7\"> <span class=\"_ _2\"> </span></span>delle <span class=\"_ _2\"> </span>Te<span class=\"_ _0\"></span>state <span class=\"_ _2\"> </span>Editorial<span class=\"_ _0\"></span>i <span class=\"_ _2\"> </span>\u00e8 <span class=\"_ _2\"> </span>stato <span class=\"_ _2\"> </span>deter<span class=\"_ _0\"></span>minato <span class=\"_ _2\"> </span>median<span class=\"_ _0\"></span>te l\u2019appli<span class=\"_ _0\"></span>c<span class=\"ff2\">azione <span class=\"_ _5\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _a\"></span>una <span class=\"_ _5\"></span>m<span class=\"_ _1\"></span>etodologia <span class=\"_ _5\"></span>valutativa <span class=\"_ _a\"></span>basata <span class=\"_ _a\"></span>sui <span class=\"_ _5\"></span>multipli <span class=\"_ _5\"></span>empirici. <span class=\"_ _a\"></span>Tale <span class=\"_ _5\"></span>metodologia </span>rientra <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>metodi <span class=\"_ _4\"></span>comparativi <span class=\"_ _4\"></span>pi\u00f9 <span class=\"_ _4\"></span>diffusi<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>dottrina <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>prassi <span class=\"_ _4\"></span>ai <span class=\"_ _4\"></span>fini <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>determinazione<span class=\"_ _0\"></span> del valore di speci<span class=\"_ _0\"></span>fiche tipolog<span class=\"_ _0\"></span>ie di attivit\u00e0 im<span class=\"_ _0\"></span>materiali. Il <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>odello <span class=\"_ _1\"></span>applicato <span class=\"_ _1\"></span>fa <span class=\"_ _1\"></span>riferimento, <span class=\"_ _4\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>stima <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>valore <span class=\"_ _4\"></span>recuperabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>Testate Editoriali, a <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ultipli <span class=\"_ _0\"></span>del fa<span class=\"_ _0\"></span>tturato (distin<span class=\"_ _0\"></span>to per di<span class=\"_ _0\"></span>ffusi<span class=\"_ _0\"></span>one e racc<span class=\"_ _0\"></span>olta pubbl<span class=\"_ _0\"></span>icitaria) <span class=\"_ _0\"></span>e a <span class=\"_ _0\"></span>un fa<span class=\"_ _0\"></span>ttore correttivo <span class=\"_ _0\"></span>rappresen<span class=\"_ _0\"></span>tato <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>multiplo <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>valori <span class=\"_ _3\"></span>negativi di <span class=\"_ _0\"></span>EBITDA <span class=\"_ _0\"></span>event<span class=\"_ _0\"></span>ualmente ge<span class=\"_ _0\"></span>nerati<span class=\"_ _0\"></span> dalla <span class=\"_ _3\"></span>Testata <span class=\"_ _0\"></span>Editoriale. <span class=\"_ _3\"></span>I <span class=\"_ _3\"></span>coefficienti <span class=\"_ _3\"></span>moltiplicativi <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>variabili <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>fatturato <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ono <span class=\"_ _3\"></span>s<span class=\"_ _1\"></span>tati <span class=\"_ _0\"></span>calibrati<span class=\"_ _0\"></span> avendo <span class=\"_ _3\"></span>riferimento<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>\u201c<span class=\"ff7\">balance <span class=\"_ _3\"></span>scoreca<span class=\"_ _0\"></span>rd<span class=\"ff6\">\u201d <span class=\"_ _3\"></span>volta <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>assegnare<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>puntegg<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>serie </span></span>di <span class=\"_\"> </span>fatto<span class=\"_ _0\"></span>ri <span class=\"_\"> </span>qualita<span class=\"_ _0\"></span>tivi <span class=\"_\"> </span>espli<span class=\"_ _0\"></span>cativi <span class=\"_\"> </span>del<span class=\"_ _0\"></span> <span class=\"_\"> </span>valore <span class=\"_\"> </span>de<span class=\"_ _0\"></span>lle <span class=\"_ _b\"> </span>testate <span class=\"_\"> </span>edi<span class=\"_ _0\"></span>toriali <span class=\"_ _b\"> </span>(anziani<span class=\"_ _0\"></span>t\u00e0, <span class=\"_\"> </span>concorrenza<span class=\"_ _0\"></span>, diffusione, <span class=\"_ _21\"> </span>prezzo, <span class=\"_ _21\"> </span>redazione, <span class=\"_ _21\"> </span>attrattivit\u00e0 <span class=\"_ _21\"> </span>pubblicitaria, <span class=\"_ _1a\"> </span>potenzialit\u00e0 <span class=\"_ _21\"> </span>future, <span class=\"_ _21\"> </span>serbatoio pubblicitario <span class=\"_ _b\"> </span>e <span class=\"_\"> </span>redditivit\u00e0), <span class=\"_ _b\"> </span>sulla <span class=\"_\"> </span>base <span class=\"_ _b\"> </span>di <span class=\"_\"> </span>un\u2019an<span class=\"_ _0\"></span>alisi<span class=\"_ _0\"></span> <span class=\"_\"> </span>dell\u2019andamento <span class=\"_\"> </span>ge<span class=\"_ _0\"></span>nerale <span class=\"_\"> </span>del <span class=\"_ _b\"> </span>settore<span class=\"_ _0\"></span> editoriale <span class=\"_ _4\"></span>e <span class=\"_ _a\"></span>della <span class=\"_ _4\"></span>posizione <span class=\"_ _5\"></span>competitiva <span class=\"_ _4\"></span>assunta <span class=\"_ _4\"></span>da <span class=\"_ _a\"></span>ciascuna <span class=\"_ _4\"></span>Testata <span class=\"_ _5\"></span>Editorial<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>proprio mercato <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>riferimento,<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>nonch\u00e9 <span class=\"_ _1e\"> </span>in <span class=\"_ _1e\"> </span>fun<span class=\"ff6\">zione <span class=\"_ _1e\"> </span>dell\u2019esperienza<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>empirica <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>valutazioni </span>manageriali <span class=\"_ _4\"></span>sui <span class=\"_ _5\"></span>profili <span class=\"_ _5\"></span>quali<span class=\"_ _0\"></span>tativi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>ciascuna <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>Testate <span class=\"_ _4\"></span>Editoriali. <span class=\"_ _5\"></span>La <span class=\"_ _4\"></span>determinazione <span class=\"_ _4\"></span>dei coefficienti <span class=\"_ _b\"> </span>del <span class=\"_ _14\"> </span>f<span class=\"_ _1\"></span>atturato<span class=\"_ _0\"></span> <span class=\"_\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>funzione <span class=\"_ _b\"> </span>del <span class=\"_ _14\"> </span>punteggio <span class=\"_\"> </span>complessi<span class=\"_ _0\"></span>vo <span class=\"_ _14\"> </span>r<span class=\"_ _1\"></span>isultante <span class=\"_ _14\"> </span>dalla <span class=\"_\"> </span><span class=\"ff7\">balance </span>scorecard<span class=\"ff2\">, <span class=\"_\"> </span>per <span class=\"_\"> </span>ciascu<span class=\"_ _0\"></span>na <span class=\"_\"> </span>Testata<span class=\"_ _0\"></span> <span class=\"_\"> </span>Editoriale, <span class=\"_\"> </span>\u00e8 <span class=\"_ _b\"> </span>stata <span class=\"_\"> </span>effettuata<span class=\"_ _0\"></span> <span class=\"_\"> </span>sulla <span class=\"_\"> </span>base <span class=\"_\"> </span>di<span class=\"_ _0\"></span> <span class=\"_\"> </span>un <span class=\"_\"> </span>criterio<span class=\"_ _0\"></span> </span>oggettivo in funzione<span class=\"_ _0\"></span> del quale, per tutti i coefficienti,<span class=\"_ _0\"></span> all\u2019attribuzione<span class=\"_ _0\"></span> di <span class=\"_ _1\"></span>un punteggio mini<span class=\"_ _0\"></span>mo a <span class=\"_ _1\"></span>tutti <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>attori qualitativi <span class=\"_ _1\"></span>corrisponde <span class=\"_ _1\"></span>l\u2019estremo <span class=\"_ _1\"></span>infe<span class=\"_ _0\"></span>riore <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span><span class=\"ff7\">range<span class=\"ff2\"> <span class=\"_ _1\"></span>parametrico e <span class=\"_ _4\"></span>al <span class=\"_ _1\"></span>massimo </span></span>punteggio l\u2019estre<span class=\"_ _0\"></span>mo superiore del<span class=\"_ _0\"></span>lo stesso <span class=\"ff7\">range<span class=\"_ _0\"></span><span class=\"ff2 ls9\">. <span class=\"ls0\"> </span></span></span>Nel <span class=\"_ _a\"></span>prospetto <span class=\"_ _a\"></span>sottostante <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>riportano <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>valori <span class=\"_ _17\"></span>di <span class=\"_ _a\"></span>iscrizione <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>bilancio <span class=\"_ _a\"></span>delle <span class=\"_ _17\"></span>Testate Editoriali <span class=\"_ _3\"></span>alla <span class=\"_ _0\"></span>luce <span class=\"_ _3\"></span>dei risultati <span class=\"_ _3\"></span>delle <span class=\"_ _0\"></span>analisi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>svolte <span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>fine di <span class=\"_ _3\"></span>effettuare <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span><span class=\"ff7\">test <span class=\"_ _0\"></span><span class=\"ff2\">di <span class=\"_ _3\"></span><span class=\"ff7\">impairment<span class=\"ff2\"> <span class=\"_ _0\"></span>delle<span class=\"_ _0\"></span> </span></span></span></span>Testate <span class=\"_ _5\"></span>Editoriali. <span class=\"_ _5\"></span>I <span class=\"_ _5\"></span>risultati, <span class=\"_ _a\"></span>confor<span class=\"_ _0\"></span>tati <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>valutazioni <span class=\"_ _5\"></span>effettuate <span class=\"_ _5\"></span>da <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>professionista<span class=\"_ _0\"></span> esterno, <span class=\"_ _1\"></span>hanno <span class=\"_ _1\"></span>portato<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>rilevazione di <span class=\"_ _4\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>perdita <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>11,2 milioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>euro, <span class=\"_ _1\"></span>come di seguito elencato<span class=\"_ _0\"></span>:<span class=\"ls9\">  </span> Descrizione Testate Editorial<span class=\"_ _0\"></span>i  2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Svalutaz. Il Gazzettino  27.687 27.687             -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>Il Messaggero <span class=\"_ _0\"></span> 43.808 52.008 (8.200) Il Mattino 17.796 20.796 (3.000) Quotidiano di Puglia<span class=\"_ _0\"></span> 431<span class=\"ls0\"> </span>431<span class=\"ls0\"> </span>            -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>Corriere Adriatico<span class=\"_ _0\"></span> 2.078 2.078             -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>In <span class=\"_ _5\"></span>aggiunta <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>ve<span class=\"_ _0\"></span>rifica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>r<span class=\"_ _1\"></span>ecuperabil<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _a\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>valore <span class=\"_ _5\"></span>delle <span class=\"_ _a\"></span>Testa<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>Editoriali <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>31 dicembre <span class=\"_ _a\"></span>20<span class=\"ls2\">22</span> <span class=\"_ _a\"></span><span class=\"ff6\">mediante <span class=\"_ _a\"></span>l\u2019ap<span class=\"_ _0\"></span>plicazione <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>m<span class=\"_ _1\"></span>odello <span class=\"_ _a\"></span>illustrato <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>precedenza, <span class=\"_ _a\"></span>tenuto <span class=\"_ _a\"></span>con<span class=\"_ _0\"></span>to </span>delle <span class=\"_ _5\"></span>str<span class=\"_ _1\"></span>ette <span class=\"_ _a\"></span>inte<span class=\"_ _0\"></span>rdipendenze <span class=\"_ _5\"></span>esistenti <span class=\"_ _a\"></span>fra <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>diverse <span class=\"_ _a\"></span>legal <span class=\"_ _5\"></span>entity <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>Gru<span class=\"_ _0\"></span>ppo <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>linea <span class=\"_ _a\"></span>con q<span class=\"ff6\">uanto svolto nell\u2019ambito del t<span class=\"_ _1\"></span>est di <span class=\"_ _1\"></span>impairm<span class=\"_ _0\"></span>ent effettuato con riferimento all\u2019esercizio <span class=\"_ _1\"></span><span class=\"ff2 ls2\">2021<span class=\"ls3\">, </span></span></span>\u00e8 <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>effettuata<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>un\u2019anal<span class=\"_ _0\"></span>isi <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _3\"></span>prospetti<span class=\"_ _0\"></span>ci <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>CGU <span class=\"_ _3\"></span>avendo <span class=\"_ _2b\"></span>riferimento ad <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>unico <span class=\"_ _1\"></span>schema <span class=\"_ _1\"></span>economico, <span class=\"_ _1\"></span>patrimoniale e <span class=\"_ _4\"></span>finanzi<span class=\"_ _0\"></span>ario <span class=\"_ _1\"></span>aggregato <span class=\"_ _1\"></span>che, <span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>altre cose, consente una <span class=\"_ _0\"></span>\u201clettura<span class=\"_ _0\"></span>\u201d unitaria <span class=\"_ _0\"></span>dei dati <span class=\"_ _0\"></span>coerente <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>l\u2019effettiva modal<span class=\"_ _0\"></span>it\u00e0 di<span class=\"_ _0\"></span> gestione <span class=\"_ _0\"></span>operativa<span class=\"_ _0\"></span> dell\u2019uni<span class=\"_ _0\"></span>cum <span class=\"_\"> </span>rappresenta<span class=\"_ _0\"></span>to <span class=\"_\"> </span>dalle <span class=\"_ _b\"> </span>testate<span class=\"_ _0\"></span> <span class=\"_\"> </span>e <span class=\"_\"> </span>da<span class=\"_ _0\"></span>lla <span class=\"_ _b\"> </span>concessionaria <span class=\"_\"> </span>di<span class=\"_ _0\"></span> <span class=\"_\"> </span>pubbl<span class=\"_ _0\"></span>icit\u00e0 <span class=\"_\"> </span>al<span class=\"_ _0\"></span>le <span class=\"_\"> </span>stesse<span class=\"_ _0\"></span> dedicata. L\u2019analisi<span class=\"_ _0\"></span> <span class=\"_ _9\"> </span>in <span class=\"_ _2\"> </span>ogge<span class=\"_ _0\"></span>tto <span class=\"_ _2\"> </span>\u00e8<span class=\"_ _0\"></span> <span class=\"_ _9\"> </span>stata <span class=\"_ _9\"> </span>effe<span class=\"ff2\">ttuata <span class=\"_ _9\"> </span>come <span class=\"_ _9\"> </span>previsto <span class=\"_ _2\"> </span>da<span class=\"_ _0\"></span>l <span class=\"_ _9\"> </span>principio <span class=\"_ _9\"> </span>contabile<span class=\"_ _0\"></span> </span>internazionale <span class=\"_ _4\"></span>IAS <span class=\"_ _4\"></span>36. <span class=\"_ _4\"></span> <span class=\"_ _4\"></span><span class=\"ff6\">I<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>d\u2019uso <span class=\"_ _4\"></span>nell\u2019esercizio <span class=\"_ _1\"></span>20<span class=\"_ _1\"></span></span><span class=\"ls2\">22</span> <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _4\"></span>determinato <span class=\"_ _4\"></span>attraverso <span class=\"_ _4\"></span>la<span class=\"_ _0\"></span> metodologia <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Discounted <span class=\"_ _5\"></span>Cash <span class=\"_ _5\"></span>Flow <span class=\"_ _5\"></span>ossia <span class=\"_ _a\"></span>l\u2019attuali<span class=\"_ _0\"></span>zzazione <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>f<span class=\"_ _1\"></span>lussi<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cassa <span class=\"_ _5\"></span>operativi<span class=\"_ _0\"></span> futuri generati dal<span class=\"_ _0\"></span>la CGU. La <span class=\"_ _6\"> </span>verifica <span class=\"_ _6\"> </span>della <span class=\"_ _6\"> </span>recuperabil<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"> </span>del <span class=\"_ _6\"> </span>valore <span class=\"_ _6\"> </span>della <span class=\"_ _6\"> </span>CGU <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _6\"> </span>stata <span class=\"_ _6\"> </span>basata <span class=\"_ _6\"> </span>sul <span class=\"_ _6\"> </span>piano economico <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>finanziario <span class=\"_ _3\"></span>2023-2027 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>Caltagirone <span class=\"_ _3\"></span>Editore, <span class=\"_ _3\"></span>sviluppato <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>dei piani <span class=\"_ _1\"></span>ricevuti <span class=\"_ _1\"></span>dalle <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _4\"></span>controll<span class=\"_ _0\"></span>ate, <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>quale <span class=\"_ _4\"></span>sono state <span class=\"_ _1\"></span>riportate <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>poste <span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>onomiche <span class=\"_ _1\"></span>e patrimoniali <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>CGU <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>fanno <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>editoriali <span class=\"_ _3\"></span>(incluse <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Testate Editoriali) e di raccol<span class=\"_ _0\"></span>ta pub<span class=\"_ _0\"></span>blicitaria. In <span class=\"_ _0\"></span>particolare<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>flussi <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>cassa son<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>stati <span class=\"_ _0\"></span>stimati<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>per <span class=\"_ _3\"></span>un pe<span class=\"_ _0\"></span>riodo <span class=\"_ _3\"></span>esplicito <span class=\"_ _3\"></span>di ci<span class=\"_ _0\"></span>nque <span class=\"_ _0\"></span>anni<span class=\"_ _0\"></span> e sono <span class=\"_ _1\"></span>stati attualizzati sulla base di un <span class=\"_ _1\"></span>tasso determinato <span class=\"_ _1\"></span>in funzione del costo <span class=\"_ _1\"></span>del capitale<span class=\"_ _0\"></span> della <span class=\"_ _4\"></span>CGU <span class=\"_ _5\"></span>(weighted <span class=\"_ _4\"></span>average <span class=\"_ _4\"></span>cost <span class=\"_ _5\"></span>of <span class=\"_ _5\"></span>capital, <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>\u201cwacc\u201d). <span class=\"_ _4\"></span>A <span class=\"_ _5\"></span>tale <span class=\"_ _4\"></span>valore <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _4\"></span>sommato <span class=\"_ _4\"></span>un valore <span class=\"_ _0\"></span>terminal<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(termina<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>value) che <span class=\"_ _3\"></span>rappresenta <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>proiezione <span class=\"_ _3\"></span>della <span class=\"_ _0\"></span>capacit\u00e0 <span class=\"_ _3\"></span>di reddito <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a CGU, <span class=\"_ _5\"></span>calcolata <span class=\"_ _a\"></span>applican<span class=\"_ _0\"></span>do <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>modello <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>rendita <span class=\"_ _5\"></span>perpetua. <span class=\"_ _a\"></span>Si <span class=\"_ _5\"></span>segnala <span class=\"_ _5\"></span>altres\u00ec <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>la determinazione del<span class=\"_ _0\"></span> terminal<span class=\"_ _0\"></span> value \u00e8 stato appli<span class=\"_ _0\"></span>cato un tasso<span class=\"_ _0\"></span> di crescita par<span class=\"_ _0\"></span>i a zero.  Nell\u2019effettuazione del test di impairment<span class=\"ff2\"> <span class=\"_ _1\"></span>approvato dal Consiglio di Amministrazione, </span>sono <span class=\"_ _1\"></span>stati <span class=\"_ _1\"></span>presi <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>considerazione i <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>lussi finanziari <span class=\"_ _1\"></span>attesi <span class=\"_ _1\"></span>consolidati per<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>20<span class=\"ls2\">23</span>. <span class=\"_ _1\"></span>Inoltre, <span class=\"_ _1\"></span>per gli <span class=\"_ _1\"></span>anni <span class=\"_ _4\"></span>successivi, <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>state <span class=\"_ _4\"></span>formula<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>specific<span class=\"_ _0\"></span>he <span class=\"_ _4\"></span>previsioni<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>dell\u2019andam<span class=\"_ _0\"></span>ento <span class=\"_ _4\"></span>del <span class=\"_ _1\"></span>business, sulla <span class=\"_ _5\"></span>base <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>piani <span class=\"_ _5\"></span>ricevuti <span class=\"_ _a\"></span>dalle <span class=\"_ _5\"></span>societ<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>control<span class=\"_ _0\"></span>late, <span class=\"_ _a\"></span>tenendo <span class=\"_ _5\"></span>pertanto <span class=\"_ _a\"></span>conto <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>contesto economico-<span class=\"ff6\">finanzi<span class=\"_ _0\"></span>ario e di m<span class=\"_ _1\"></span>ercato mutato dall\u2019attual<span class=\"_ _0\"></span>e crisi, <span class=\"_ _1\"></span>nonch\u00e9 delle diverse condizion<span class=\"_ _0\"></span>i </span>operative <span class=\"_ _3\"></span>derivanti <span class=\"_ _3\"></span>dallo <span class=\"_ _3\"></span>scenario <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>crisi.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _3\"></span>riguardo <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>precisa <span class=\"_ _3\"></span>che <span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>previsi<span class=\"_ _0\"></span>oni <span class=\"_ _3\"></span>formulate nell\u2019eserci<span class=\"_ _0\"></span>zio <span class=\"_ _5\"></span>precedente <span class=\"_ _a\"></span><span class=\"ff2\">sono <span class=\"_ _5\"></span>state <span class=\"_ _a\"></span>aggiorna<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>Societ\u00e0<span class=\"ls9\">, <span class=\"_ _a\"></span></span>sulla <span class=\"_ _4\"></span>base <span class=\"_ _a\"></span>dei <span class=\"_ _5\"></span>piani <span class=\"_ _5\"></span>r<span class=\"_ _1\"></span>icevuti </span>dalle societ\u00e0 con<span class=\"_ _0\"></span>trollate, <span class=\"ff6\">anche in relazi<span class=\"_ _0\"></span>one ai dati<span class=\"_ _0\"></span> di consuntivo dell<span class=\"_ _0\"></span>\u2019esercizio 20<span class=\"ff2 ls2\">22<span class=\"ls0\">. </span></span></span>In <span class=\"_ _0\"></span>particolare<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>va <span class=\"_ _3\"></span>rimarcato <span class=\"_ _3\"></span>che l<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>azioni di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>razionalizzazione <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>contenimento <span class=\"_ _3\"></span>dei cos<span class=\"_ _0\"></span>ti decise <span class=\"_ _17\"> </span>ed <span class=\"_ _19\"> </span>intraprese <span class=\"_ _19\"> </span>nel <span class=\"_ _19\"> </span>tempo <span class=\"_ _19\"> </span>dal <span class=\"_ _19\"> </span>managemen<span class=\"_ _0\"></span>t, <span class=\"_ _19\"> </span>hanno <span class=\"_ _17\"> </span>sempre <span class=\"_ _19\"> </span>avuto <span class=\"_ _19\"> </span>un <span class=\"_ _19\"> </span>esito <span class=\"_ _19\"> </span>positivo superiore <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>preven<span class=\"_ _0\"></span>tivato. <span class=\"_ _0\"></span>Viceve<span class=\"_ _0\"></span>rsa, <span class=\"_ _0\"></span>l\u2019andamen<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>del mercato <span class=\"_ _3\"></span>pubblicitario <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>della <span class=\"_ _3\"></span>diffusione della <span class=\"_ _14\"> </span>cart<span class=\"_ _1\"></span>a <span class=\"_ _b\"> </span>stampata, <span class=\"_ _b\"> </span>a<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>causa <span class=\"_ _b\"> </span>del <span class=\"_ _b\"> </span>prolungarsi <span class=\"_ _14\"> </span>del <span class=\"_ _b\"> </span>periodo <span class=\"_ _14\"> </span>di <span class=\"_\"> </span>crisi <span class=\"_ _14\"> </span>congiuntamente <span class=\"_\"> </span>all<span class=\"_ _0\"></span>a straordinaria <span class=\"_\"> </span>rivoluzion<span class=\"_ _0\"></span>e <span class=\"_\"> </span>digitale <span class=\"_\"> </span>dei <span class=\"_\"> </span>mezzi <span class=\"_\"> </span>di <span class=\"_\"> </span>infor<span class=\"_ _0\"></span>mazione, <span class=\"_\"> </span>\u00e8 <span class=\"_\"> </span>stato <span class=\"_\"> </span>contrassegna<span class=\"_ _0\"></span>to <span class=\"_\"> </span>da difficolt\u00e0 <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _0\"></span>ampie <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>durature <span class=\"_ _3\"></span>rispetto <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>quelle <span class=\"_ _3\"></span>previste <span class=\"_ _3\"></span>da <span class=\"_ _0\"></span>tutti <span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>principali<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>operato<span class=\"_ _0\"></span>ri. <span class=\"_ _0\"></span>Per<span class=\"_ _0\"></span>tanto,<span class=\"_ _0\"></span> i <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _3\"></span>attesi <span class=\"_ _3\"></span>impiegati <span class=\"_ _3\"></span>nell<span class=\"_ _0\"></span>\u2019applicazi<span class=\"_ _0\"></span>one <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>odello <span class=\"_ _3\"></span>so<span class=\"ff2\">no <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>determinati <span class=\"_ _2b\"></span>sulla <span class=\"_ _3\"></span>base </span>dei dati <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span><span class=\"ff7\">budget<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _1\"></span><span class=\"ls2\">2023</span> e <span class=\"_ _1\"></span>di pianificazione 20<span class=\"ls2\">24</span>-2027 e <span class=\"_ _1\"></span>rappresentano<span class=\"_ _0\"></span> la <span class=\"_ _1\"></span>miglior stima degli </span></span>importi <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>tempistiche <span class=\"_ _4\"></span>secondo<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>flussi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cassa <span class=\"_ _4\"></span>futuri <span class=\"_ _4\"></span>si <span class=\"_ _4\"></span>manifesteranno <span class=\"_ _4\"></span>sulla <span class=\"_ _4\"></span>base<span class=\"_ _0\"></span> del <span class=\"_ _4\"></span>piano <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>termin<span class=\"_ _0\"></span>e, <span class=\"_ _4\"></span>che <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>stato <span class=\"_ _4\"></span>rivisto <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>aggiornato <span class=\"_ _4\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>20<span class=\"ls2\">23</span> <span class=\"_ _4\"></span>anche <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>fine <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>tenere conto <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>quanto <span class=\"_ _1e\"> </span>sopra <span class=\"_ _1e\"> </span>richiama<span class=\"_ _0\"></span>to <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>degli <span class=\"_ _1e\"> </span>scostamenti <span class=\"_ _1e\"> </span>evidenzi<span class=\"_ _0\"></span>ati <span class=\"_ _1e\"> </span>tra <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>precedente<span class=\"_ _0\"></span> pianificazion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>e i<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>consuntivo <span class=\"_ _3\"></span>20<span class=\"ls2\">22</span>. <span class=\"_ _0\"></span>I <span class=\"_ _3\"></span>Costi <span class=\"_ _3\"></span>Operativi <span class=\"_ _3\"></span>considerati <span class=\"_ _3\"></span>nei <span class=\"_ _3\"></span>flussi <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cassa <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ttesi <span class=\"_ _3\"></span>sono stati <span class=\"_ _0\"></span>anch\u2019essi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>de<span class=\"ff2\">terminati <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>funzione<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>delle <span class=\"_ _3\"></span>stime <span class=\"_ _3\"></span>del <span class=\"ff7\">manage<span class=\"_ _0\"></span>ment<span class=\"ff2\"> <span class=\"_ _0\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rossimi <span class=\"_ _3\"></span>cinque <span class=\"_ _0\"></span>anni<span class=\"_ _0\"></span> </span></span></span>e <span class=\"_ _16\"> </span>tenendo <span class=\"_ _19\"> </span>conto <span class=\"_ _16\"> </span>degli <span class=\"_ _16\"> </span>effetti <span class=\"_ _19\"> </span>positivi <span class=\"_ _16\"> </span>dei <span class=\"_ _16\"> </span>piani <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>r<span class=\"_ _1\"></span>istru<span class=\"_ _0\"></span>tturazione<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>effettuati <span class=\"_ _19\"> </span>nei <span class=\"_ _16\"> </span>precedenti esercizi<span class=\"ls3\">. </span> <span class=\"ff6\">Dall\u2019ulteriore test di impairment predisp<span class=\"_ _0\"></span>osto non sono emerse sval<span class=\"_ _0\"></span>utazioni<span class=\"ff2\"> <span class=\"_ _1\"></span>ulteriori </span></span>delle <span class=\"_\"> </span>attivit\u00e0 <span class=\"_\"> </span>incluse <span class=\"_\"> </span>nella <span class=\"_\"> </span>CGU <span class=\"_\"> </span>cui <span class=\"_\"> </span>fanno <span class=\"_\"> </span>riferi<span class=\"_ _0\"></span>mento <span class=\"_\"> </span>le <span class=\"_\"> </span>attivit\u00e0 <span class=\"_\"> </span>editorial<span class=\"_ _0\"></span>i <span class=\"_\"> </span>e <span class=\"_\"> </span>di <span class=\"_\"> </span>raccolta pubblicitaria.  Nel <span class=\"_ _1a\"> </span>prospetto <span class=\"_ _1b\"> </span>sottos<span class=\"_ _0\"></span>tante <span class=\"_ _1a\"> </span>si <span class=\"_ _1b\"> </span>riportano <span class=\"_ _1a\"> </span>i <span class=\"_ _1a\"> </span>principali <span class=\"_ _1a\"> </span>parametri <span class=\"_ _1b\"> </span>util<span class=\"_ _0\"></span>izzati <span class=\"_ _1a\"> </span>nella determinazione del<span class=\"_ _0\"></span> <span class=\"ff7\">test </span>di <span class=\"ff7\">impai<span class=\"_ _0\"></span>rment<span class=\"ff2\">. </span></span>Descrizione Tax rate WACC* g-rate<span class=\"ff1 ls28\">**</span> Periodo esplic<span class=\"_ _0\"></span>ito 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>flussi di cassa Valore 28,82% 28,82% 7,50% 6,00% 0 0 5 anni Dalle risultanze delle analisi di sensitivit\u00e0 effettuate \u00e8 <span class=\"_ _1\"></span>emerso che <span class=\"_ _1\"></span><span class=\"ff6\">\u2013</span> sebbene si r<span class=\"_ _1\"></span>ilevi una <span class=\"_ _4\"></span>sensibilit\u00e0 <span class=\"_ _4\"></span>non <span class=\"_ _5\"></span>trascurabile <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>stime <span class=\"_ _5\"></span>al <span class=\"_ _4\"></span>variare <span class=\"_ _5\"></span>dei <span class=\"_ _4\"></span>parametri <span class=\"_ _4\"></span>g <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>wacc <span class=\"_ _4\"></span>considerati <span class=\"_ _4\"></span>e che, <span class=\"_ _14\"> </span>in <span class=\"_ _14\"> </span>taluni <span class=\"_ _14\"> </span>scenari <span class=\"_ _14\"> </span>valutativi, <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span><span class=\"ff6\">differenziale <span class=\"_ _14\"> </span>tra <span class=\"_ _14\"> </span>l\u2019Enterprise <span class=\"_ _14\"> </span>Value <span class=\"_ _14\"> </span>st<span class=\"_ _0\"></span>imato <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>valore </span>contabile <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>CIN <span class=\"_ _14\"> </span>della <span class=\"_ _16\"> </span>CGU <span class=\"_ _16\"> </span>risulterebbe <span class=\"_ _16\"> </span>negativo <span class=\"_ _16\"> </span>(peraltro <span class=\"_ _16\"> </span>solo <span class=\"_ _16\"> </span>per <span class=\"_ _14\"> </span>ipotesi <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>tasso <span class=\"_ _16\"> </span>di crescita <span class=\"_ _15\"> </span>pari <span class=\"_ _18\"> </span>a <span class=\"_ _15\"> </span>zero) <span class=\"_ _18\"> </span><span class=\"ff6\">\u2013</span> <span class=\"_ _18\"> </span>nella <span class=\"_ _15\"> </span>maggioranza <span class=\"_ _15\"> </span>degli <span class=\"_ _15\"> </span>scenari <span class=\"_ _18\"> </span>esaminati <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>risultati <span class=\"_ _18\"> </span>del <span class=\"_ _15\"> </span>test confermano, nell<span class=\"_ _0\"></span>a sostanza, le con<span class=\"_ _0\"></span>clusioni otten<span class=\"_ _0\"></span>ute con riferi<span class=\"_ _0\"></span>mento allo scen<span class=\"_ _0\"></span>ario base.  Al di <span class=\"_ _0\"></span>l\u00e0 dei<span class=\"_ _0\"></span> modelli di <span class=\"_ _0\"></span>impairment u<span class=\"_ _0\"></span>tilizzati nel<span class=\"_ _0\"></span>la valutazi<span class=\"_ _0\"></span>one dell<span class=\"_ _0\"></span>e attivit\u00e0 im<span class=\"_ _0\"></span>materiali <span class=\"_ _0\"></span>a vita indefinita, va sottolineato che, nelle considerazioni<span class=\"_ _0\"></span> inerenti l\u2019effettivo valore degli asse<span class=\"_ _1\"></span><span class=\"ff2\">ts </span>immateriali <span class=\"_ _17\"></span>che <span class=\"_ _17\"> </span>qualificano <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>attivit\u00e0 <span class=\"_ _17\"></span>editoriali, <span class=\"_ _17\"></span>vanno <span class=\"_ _17\"></span>tenuti <span class=\"_ _19\"> </span>presenti <span class=\"_ _17\"></span>anche <span class=\"_ _17\"> </span>elementi <span class=\"_ _17\"> </span>che esulano <span class=\"_ _5\"></span>da <span class=\"_ _a\"></span>dinamiche<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>stret<span class=\"_ _0\"></span>tamente <span class=\"_ _5\"></span>economiche <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>hanno<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>che <span class=\"_ _5\"></span>fare <span class=\"_ _5\"></span>con <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>nume<span class=\"_ _0\"></span>ro <span class=\"_ _5\"></span>di lettori <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>con <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>diffusione <span class=\"_ _16\"> </span>sul <span class=\"_ _16\"> </span>mercato, <span class=\"_ _16\"> </span>elementi<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>che <span class=\"_ _16\"> </span>conferiscono <span class=\"_ _19\"> </span>valore <span class=\"_ _16\"> </span>e<span class=\"_ _1\"></span>ffettivo <span class=\"_ _16\"> </span>ad <span class=\"_ _16\"> </span>un quotidiano e ne<span class=\"_ _0\"></span> determinano il<span class=\"_ _0\"></span> prezzo.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__70": {
   "value": "1.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Attivit\u00e0 Imma<span class=\"_ _0\"></span>teriali a vita utile defin<span class=\"_ _0\"></span>ita </span>Diritti di Altre Imm. in Costi di concessione, Costo storico attivit\u00e0 corso e Totale sviluppo licenze e immateriali acconti marchi 01.01.2021 1.786  54.005  240.683  3.411  299.885  Incrementi 583 <span class=\"ls0\"> </span>295 <span class=\"ls0\"> </span>2.688  3.565  Decrementi  (2)   -   -   (2)  Variazione perimetro di consolidamento 5.634  5 <span class=\"ls0\"> </span>5.639  Svalutazioni  -  Riclassifiche 265 <span class=\"ls0\"> </span>536 <span class=\"ls0\"> </span> (3.078)   (2.277)  Differenze di conversione 1.230  7.212  5 <span class=\"ls0\"> </span>8.447  31.12.2021 1.786  61.714  248.730  3.027  315.257  01.01.2022 1.786  61.714  248.730  3.027  315.257  Incrementi 1.029  12.187  2.997  16.214  Decrementi  (13)   (990)   (274)   (1.277)  Svalutazioni  -  Rivalutazioni IAS 29 4.243  3.090  7.333  Riclassifiche 1.233  4.453   (4.747)  938 <span class=\"ls0\"> </span>Differenze di conversione 409 <span class=\"ls0\"> </span>5.675  3 <span class=\"ls0\"> </span>6.087  31.12.2022 1.786  68.616  273.145  1.004  344.552  Diritti di Imm. in Fondo <span class=\"ls0\">ammortamento e perdite </span>Costi di concessione, Altre corso e Totale durevoli sviluppo licenze e acconti marchi 01.01.2021 1.786  23.686  77.600   -  103.071  Incrementi 3.237  13.933  17.170  Decrementi  -   -   -  Variazione perimetro di consolidamento - 4 <span class=\"ls0\"> </span>4 <span class=\"ls0\"> </span>Riclassifiche  (2.022)   (2.022)  Differenze di conversione 768 <span class=\"ls0\"> </span>1.299  2.067  31.12.2021 1.786  27.691  90.813   -  120.290  01.01.2022 1.786  27.691  90.813   -  120.290  Incrementi 2.723  13.830  16.553  Decrementi  (1)   (1.139)   (1.139)  Rivalutazioni IAS 29 561 <span class=\"ls0\"> </span>2.995  3.556  Variazione perimetro di consolidamento  -  Riclassifiche 321 <span class=\"ls0\"> </span> (892)   (571)  Differenze di conversione  (255)  1.086  831 <span class=\"ls0\"> </span>31.12.2022 1.786  31.040  106.693   -  139.519  Valore netto 01.01.2021  -  30.319  163.083  3.411  196.813  31.12.2021  -  34.024  157.917  3.027  194.967  31.12.2022  -  37.576  166.453  1.004  205.033  Al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2022 <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>immateriali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>utile <span class=\"_ _3\"></span>definita <span class=\"_ _3\"></span>ammon<span class=\"_ _0\"></span>tano <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span><span class=\"ls2\">205<span class=\"ls0\"> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ilioni<span class=\"_ _0\"></span> </span></span>di <span class=\"_ _0\"></span>euro <span class=\"_ _0\"></span>(<span class=\"ls2\">19</span>5 <span class=\"_ _0\"></span>milioni<span class=\"_ _0\"></span> di <span class=\"_ _3\"></span>euro al <span class=\"_ _0\"></span>31<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>cembre <span class=\"_ _0\"></span><span class=\"ls2\">2021<span class=\"ls0\">) <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>sono quasi <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>ramente <span class=\"_ _3\"></span>riferibili al<span class=\"_ _0\"></span> G<span class=\"_ _0\"></span>ruppo </span></span>Cementir <span class=\"_\"> </span>Holding. <span class=\"_\"> </span>I <span class=\"_\"> </span>diritti <span class=\"_\"> </span>di <span class=\"_\"> </span>concessione <span class=\"_\"> </span>e <span class=\"_\"> </span>licenze <span class=\"_\"> </span>si <span class=\"_\"> </span>riferiscono <span class=\"_ _6\"> </span>preval<span class=\"_ _0\"></span>entemente <span class=\"_\"> </span>alle<span class=\"_ _0\"></span> concessioni <span class=\"_\"> </span>sul<span class=\"_ _0\"></span>l\u2019utilizzo <span class=\"_ _14\"> </span>di <span class=\"_\"> </span>cave <span class=\"_\"> </span>e <span class=\"_\"> </span>al<span class=\"_ _0\"></span>le <span class=\"_\"> </span>licen<span class=\"_ _0\"></span>ze <span class=\"_ _b\"> </span>software <span class=\"_ _b\"> </span>relative <span class=\"_\"> </span>al<span class=\"_ _0\"></span>l\u2019implementazion<span class=\"_ _0\"></span>e <span class=\"_\"> </span>del<span class=\"_ _0\"></span> sistema informa<span class=\"_ _0\"></span>tivo (SAP R/3)<span class=\"_ _0\"></span>. L\u2019incremento <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>periodo<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>attribuibile <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>proget<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>relativi <span class=\"_ _4\"></span>a <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>iglioramenti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>nei <span class=\"_ _1\"></span>processi IT, <span class=\"_ _16\"> </span>tecnologia, <span class=\"_ _14\"> </span>infrastrut<span class=\"_ _0\"></span>ture <span class=\"_ _14\"> </span>e <span class=\"_ _16\"> </span>misure <span class=\"_ _14\"> </span>di <span class=\"_ _16\"> </span>sicurezza <span class=\"_ _16\"> </span>informatica. <span class=\"_ _16\"> </span>In <span class=\"_ _14\"> </span>partic<span class=\"_ _0\"></span>olare, <span class=\"_ _16\"> </span>i <span class=\"_ _14\"> </span>principali progetti hanno <span class=\"_ _1\"></span>riguardato nuovi <span class=\"_ _1\"></span>sviluppi nell\u2019ambito dei <span class=\"_ _1\"></span>sistemi <span class=\"_ _1\"></span>ERP e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>reportistica (SAP <span class=\"_ _1\"></span>e BW) <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>l'implementazione <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>un <span class=\"_ _0\"></span>Budget <span class=\"_ _3\"></span>Tool <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>livello <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>Cementir <span class=\"_ _3\"></span>Holding; <span class=\"_ _3\"></span>inoltre, <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> stati <span class=\"_ _1\"></span>realizzati importanti investimenti <span class=\"_ _1\"></span>in alcune <span class=\"_ _1\"></span>societ\u00e0 del <span class=\"_ _1\"></span>Gruppo per <span class=\"_ _1\"></span>l\u2019ottimizzazione della rete e dei sistemi<span class=\"_ _0\"></span> per il s<span class=\"_ _0\"></span>upporto alla logi<span class=\"_ _0\"></span>stica (es. C-Scale).  Le <span class=\"_ _4\"></span>Altre <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _4\"></span>imma<span class=\"_ _0\"></span>teriali<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>includono <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>determinazione <span class=\"_ _1\"></span>dei <span class=\"_ _5\"></span>valori <span class=\"_ _4\"></span>assegnati <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>sede<span class=\"_ _0\"></span> di <span class=\"_ _a\"></span>acquisizione <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>Gruppo <span class=\"_ _a\"></span>Compagnie <span class=\"_ _a\"></span>des <span class=\"_ _17\"></span>Ciments <span class=\"_ _a\"></span>Belges <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>della <span class=\"_ _17\"></span>societ\u00e0 <span class=\"_ _a\"></span>Lehigh <span class=\"_ _a\"></span>White Cement <span class=\"_ _6\"> </span>Company <span class=\"_ _6\"> </span>ad <span class=\"_ _6\"> </span>alcune <span class=\"_ _6\"> </span>grandezze <span class=\"_ _15\"> </span>quali <span class=\"_ _6\"> </span>le <span class=\"_ _6\"> </span>liste <span class=\"_ _6\"> </span>clienti <span class=\"_ _15\"> </span>e <span class=\"_ _6\"> </span>i <span class=\"_ _6\"> </span>contr<span class=\"_ _1\"></span>atti <span class=\"_ _6\"> </span>inerenti <span class=\"_ _15\"> </span><span class=\"ls2\">al</span>lo sfruttamento <span class=\"_ _21\"> </span>in <span class=\"_ _1a\"> </span>esclusiva <span class=\"_ _1a\"> </span>di <span class=\"_ _1a\"> </span>cave. <span class=\"_ _1a\"> </span>Tali <span class=\"_ _1a\"> </span>grandezze <span class=\"_ _21\"> </span>sono <span class=\"_ _1a\"> </span>state <span class=\"_ _1a\"> </span>iscritt<span class=\"_ _1\"></span><span class=\"ff6\">e <span class=\"_ _1a\"> </span>nell\u2019ambito </span>dell\u2019allocazi<span class=\"_ _0\"></span>one del prezzo pagato<span class=\"_ _0\"></span> per l\u2019acqui<span class=\"_ _0\"></span>sizione delle suddet<span class=\"_ _0\"></span>te societ\u00e0.<span class=\"ff2\"> </span>2.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Attivit\u00e0 imma<span class=\"_ _0\"></span>teriali a vita utile indef<span class=\"_ _0\"></span>inita e avviamento<span class=\"_ _0\"></span> </span>Costo storico Avviamento Testate Editorial<span class=\"_ _0\"></span>i Totale 01.01.2021  331.353   103.002   434.355  Incrementi  <span class=\"ls12\">65 </span>  <span class=\"ls12\">65 </span> Svalutazioni  -  Differenze di  (12.730)   (12.730)  conversione 31.12.2021  318.688   103.002   421.690  01.01.2022 318.688 103.002 421.690 Svalutazioni (3.148) (11.200) (14.348) Rivalutazioni IAS 29<span class=\"_ _0\"></span> 99.133 99.133 Decrementi Differenze di (6.262) (6.262) conversione 31.12.2022 408.411 91.802 500.213 L\u2019avviamento <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>allocato<span class=\"ff2\"> <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>seguenti <span class=\"_ _a\"></span>gruppi <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span><span class=\"ff7\">cash <span class=\"_ _a\"></span>generating <span class=\"_ _a\"></span>unit<span class=\"ls3\">, <span class=\"_ _a\"></span></span></span>tutte <span class=\"_ _a\"></span>riferibili <span class=\"_ _a\"></span>al </span>Gruppo Cemen<span class=\"_ _0\"></span>tir Holding<span class=\"ff7\">: </span>Nord Asia 31.12.2022 Nordic &amp; Turchia Egitto Italia Totale America Pacifico Baltic USA Valore di inizio 256.757  27.164  27.874  2.147  3.169  1.577  318.688  periodo Rivalutazione  -   -  99.133   -   -  - 99.133  monetaria  Svalutazioni - -  (3.148)  - - -  (3.148)   Differenze di  (1.354)  1.681   (5.902)   (694)  7 <span class=\"ls0\"> </span>-  (6.262)  conversione  Valore di fine 255.403  28.845  117.957  1.453  3.176  1.577  408.411  periodo Nell\u2019effettuazione<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>dei <span class=\"_ _18\"> </span>t<span class=\"_ _1\"></span>est <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>impairment <span class=\"_ _18\"> </span>sono <span class=\"_ _18\"> </span>stati <span class=\"_ _18\"> </span>presi <span class=\"_ _18\"> </span>in <span class=\"_ _18\"> </span>considerazione <span class=\"_ _18\"> </span>gli<span class=\"_ _0\"></span> andamenti <span class=\"_ _1\"></span>attesi <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>2023. <span class=\"_ _1\"></span>Inoltre, per <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>anni <span class=\"_ _1\"></span>successivi, <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>state <span class=\"_ _1\"></span>formulate specifiche previsioni <span class=\"_ _17\"> </span>dell\u2019andamento <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span>business, <span class=\"_ _19\"> </span><span class=\"ff2\">tenendo <span class=\"_ _19\"> </span>pertanto <span class=\"_ _19\"> </span>conto <span class=\"_ _16\"> </span>del <span class=\"_ _19\"> </span>contesto <span class=\"_ _19\"> </span>economico-</span>finanziario e di me<span class=\"_ _0\"></span>rcato. Le <span class=\"_ _0\"></span>stime <span class=\"_ _3\"></span>ed i <span class=\"_ _3\"></span>dati <span class=\"_ _0\"></span>previsio<span class=\"_ _0\"></span>nali <span class=\"_ _3\"></span>cui sono <span class=\"_ _3\"></span>applicati <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>citati pa<span class=\"_ _0\"></span>rametri <span class=\"_ _3\"></span>sono s<span class=\"_ _0\"></span>tati <span class=\"_ _0\"></span>determi<span class=\"_ _0\"></span>nati sulla base <span class=\"_ _0\"></span>dell\u2019<span class=\"_ _0\"></span>esperienza passata<span class=\"_ _0\"></span> e del<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>ttese <span class=\"_ _0\"></span>circa gli <span class=\"_ _0\"></span>sviluppi <span class=\"_ _0\"></span>dei me<span class=\"_ _0\"></span>rcati in <span class=\"_ _0\"></span>cui il<span class=\"_ _0\"></span> <span class=\"ff2\">Gruppo<span class=\"_ _0\"></span> </span>opera. <span class=\"_ _17\"> </span>Il <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>Cementir <span class=\"_ _17\"></span>Holding <span class=\"_ _17\"> </span>tiene <span class=\"_ _19\"> </span>sotto <span class=\"_ _17\"> </span>costante <span class=\"_ _17\"> </span>monitoraggio <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>circostanze<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>gli eventi, <span class=\"_ _23\"> </span>legati <span class=\"_ _23\"> </span>all\u2019evoluzione <span class=\"_ _23\"> </span>dell\u2019attuale<span class=\"_ _0\"></span> <span class=\"_ _23\"> </span>contesto <span class=\"_ _23\"> </span>economico, <span class=\"_ _23\"> </span>che <span class=\"_ _23\"> </span>potrebbero <span class=\"_ _1e\"> </span>causare l\u2019esistenza di perdite<span class=\"_ _0\"></span> di valore.<span class=\"ff2\"> </span>Le <span class=\"_ _4\"></span>verifiche <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>sopra <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>hanno <span class=\"_ _5\"></span>dato <span class=\"_ _4\"></span>origine <span class=\"_ _1\"></span>ad <span class=\"_ _5\"></span>alcuna <span class=\"_ _4\"></span>riduzione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>31 dicembre 2022.<span class=\"_ _0\"></span> L\u2019analisi<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>sensitivit\u00e0 <span class=\"_ _1\"></span>rispetto ai <span class=\"_ _4\"></span>para<span class=\"_ _0\"></span>metri <span class=\"_ _1\"></span>utili<span class=\"_ _0\"></span>zzati <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>fini <span class=\"_ _1\"></span>dell\u2019impairmen<span class=\"_ _0\"></span>t test <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>ha evidenziato effetti sui risultati delle valutazioni effettuate ed <span class=\"_ _1\"></span>\u00e8 stata operata mediante ipotesi di <span class=\"_ _1\"></span>oscillazione dei <span class=\"_ _1\"></span>tassi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>attualizzazi<span class=\"_ _0\"></span>one <span class=\"_ _1\"></span>(WACC) <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dei tassi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>crescita dei <span class=\"_ _1\"></span>valori <span class=\"_ _1\"></span>terminali. In <span class=\"_ _4\"></span>particol<span class=\"_ _0\"></span>are, <span class=\"_ _1\"></span>una <span class=\"_ _4\"></span>possi<span class=\"_ _0\"></span>bile <span class=\"_ _1\"></span>ragionevole <span class=\"_ _1\"></span>oscillazione <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>WACC, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>parit\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>altre <span class=\"_ _1\"></span>condizioni, non <span class=\"_ _3\"></span>comporterebbe<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>rilevazione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>perdita <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>tutti <span class=\"_ _0\"></span>i <span class=\"_ _2b\"></span>raggruppamenti <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>CGU esposte in preceden<span class=\"_ _0\"></span>za.  Gruppo Caltagirone Edi<span class=\"_ _0\"></span>tore Con rife<span class=\"_ _0\"></span>rimento al<span class=\"_ _0\"></span> modell<span class=\"_ _0\"></span>o val<span class=\"_ _0\"></span>utativo u<span class=\"_ _0\"></span>tilizzato <span class=\"_ _0\"></span>ai fi<span class=\"_ _0\"></span>ni del<span class=\"_ _0\"></span>la verifica<span class=\"_ _0\"></span> dell<span class=\"_ _0\"></span>a recuperabi<span class=\"_ _0\"></span>lit\u00e0 delle <span class=\"_ _4\"></span>Testate <span class=\"_ _5\"></span>Editoriali, <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>linea <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>svolto <span class=\"_ _4\"></span>nel <span class=\"_ _5\"></span><span class=\"ls2\">2021</span>, <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _4\"></span>stata <span class=\"_ _5\"></span>effettuata <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>verifica <span class=\"_ _4\"></span>di recuperabilit\u00e0 <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>valore <span class=\"_ _3\"></span>delle singol<span class=\"_ _0\"></span>e Te<span class=\"_ _0\"></span>state Editorial<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>ai sen<span class=\"_ _0\"></span>si de<span class=\"_ _0\"></span>l combi<span class=\"_ _0\"></span>nato di<span class=\"_ _0\"></span>sposto del<span class=\"_ _0\"></span>lo IAS 36 par. 10(a<span class=\"_ _0\"></span>) e dello <span class=\"_ _0\"></span>IAS 38 par. 108. <span class=\"_ _0\"></span>  L\u2019<span class=\"ff7 ls0\">impairment <span class=\"_ _0\"></span>test <span class=\"ff2\">dell<span class=\"_ _0\"></span>e si<span class=\"_ _0\"></span>ngole Testa<span class=\"_ _0\"></span>te Edi<span class=\"_ _0\"></span>toriali \u00e8<span class=\"_ _0\"></span> stato<span class=\"_ _0\"></span> effe<span class=\"_ _0\"></span>ttuato a<span class=\"_ _0\"></span>vendo r<span class=\"_ _0\"></span>iferimento<span class=\"_ _0\"></span> </span></span>a <span class=\"_ _1\"></span>un <span class=\"_ _4\"></span>valore recuperabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>singole <span class=\"_ _1\"></span>Testate <span class=\"_ _1\"></span>Editoriali <span class=\"_ _1\"></span>calcolato <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>modello <span class=\"_ _1\"></span>valutativo fondato <span class=\"_ _5\"></span>su <span class=\"_ _4\"></span>una <span class=\"_ _5\"></span>misura <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>coerente <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span><span class=\"ff7\">fair <span class=\"_ _4\"></span>value</span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>terzo <span class=\"_ _5\"></span>livello <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>cui <span class=\"_ _a\"></span>al <span class=\"_ _4\"></span>principio contabile internaz<span class=\"ff6\">ional<span class=\"_ _0\"></span>e IFRS<span class=\"_ _0\"></span> 13 \u201c<span class=\"ff7\">Fair Value Mea<span class=\"_ _0\"></span>surement<span class=\"ff6\">\u201d (o \u201c<span class=\"_ _0\"></span>IFRS 13\u201d).<span class=\"_ _0\"></span>  <span class=\"ff2\"> </span></span></span></span>Il <span class=\"_ _2\"> </span>valore <span class=\"_ _2\"> </span>recup<span class=\"_ _0\"></span>erabile<span class=\"ff7\"> <span class=\"_ _2\"> </span></span>delle <span class=\"_ _2\"> </span>Te<span class=\"_ _0\"></span>state <span class=\"_ _2\"> </span>Editorial<span class=\"_ _0\"></span>i <span class=\"_ _2\"> </span>\u00e8 <span class=\"_ _2\"> </span>stato <span class=\"_ _2\"> </span>deter<span class=\"_ _0\"></span>minato <span class=\"_ _2\"> </span>median<span class=\"_ _0\"></span>te l\u2019appli<span class=\"_ _0\"></span>c<span class=\"ff2\">azione <span class=\"_ _5\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _a\"></span>una <span class=\"_ _5\"></span>m<span class=\"_ _1\"></span>etodologia <span class=\"_ _5\"></span>valutativa <span class=\"_ _a\"></span>basata <span class=\"_ _a\"></span>sui <span class=\"_ _5\"></span>multipli <span class=\"_ _5\"></span>empirici. <span class=\"_ _a\"></span>Tale <span class=\"_ _5\"></span>metodologia </span>rientra <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>metodi <span class=\"_ _4\"></span>comparativi <span class=\"_ _4\"></span>pi\u00f9 <span class=\"_ _4\"></span>diffusi<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>dottrina <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>prassi <span class=\"_ _4\"></span>ai <span class=\"_ _4\"></span>fini <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>determinazione<span class=\"_ _0\"></span> del valore di speci<span class=\"_ _0\"></span>fiche tipolog<span class=\"_ _0\"></span>ie di attivit\u00e0 im<span class=\"_ _0\"></span>materiali. Il <span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>odello <span class=\"_ _1\"></span>applicato <span class=\"_ _1\"></span>fa <span class=\"_ _1\"></span>riferimento, <span class=\"_ _4\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>stima <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>valore <span class=\"_ _4\"></span>recuperabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>Testate Editoriali, a <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ultipli <span class=\"_ _0\"></span>del fa<span class=\"_ _0\"></span>tturato (distin<span class=\"_ _0\"></span>to per di<span class=\"_ _0\"></span>ffusi<span class=\"_ _0\"></span>one e racc<span class=\"_ _0\"></span>olta pubbl<span class=\"_ _0\"></span>icitaria) <span class=\"_ _0\"></span>e a <span class=\"_ _0\"></span>un fa<span class=\"_ _0\"></span>ttore correttivo <span class=\"_ _0\"></span>rappresen<span class=\"_ _0\"></span>tato <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>multiplo <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>valori <span class=\"_ _3\"></span>negativi di <span class=\"_ _0\"></span>EBITDA <span class=\"_ _0\"></span>event<span class=\"_ _0\"></span>ualmente ge<span class=\"_ _0\"></span>nerati<span class=\"_ _0\"></span> dalla <span class=\"_ _3\"></span>Testata <span class=\"_ _0\"></span>Editoriale. <span class=\"_ _3\"></span>I <span class=\"_ _3\"></span>coefficienti <span class=\"_ _3\"></span>moltiplicativi <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>variabili <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>fatturato <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ono <span class=\"_ _3\"></span>s<span class=\"_ _1\"></span>tati <span class=\"_ _0\"></span>calibrati<span class=\"_ _0\"></span> avendo <span class=\"_ _3\"></span>riferimento<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>\u201c<span class=\"ff7\">balance <span class=\"_ _3\"></span>scoreca<span class=\"_ _0\"></span>rd<span class=\"ff6\">\u201d <span class=\"_ _3\"></span>volta <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>assegnare<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>puntegg<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>serie </span></span>di <span class=\"_\"> </span>fatto<span class=\"_ _0\"></span>ri <span class=\"_\"> </span>qualita<span class=\"_ _0\"></span>tivi <span class=\"_\"> </span>espli<span class=\"_ _0\"></span>cativi <span class=\"_\"> </span>del<span class=\"_ _0\"></span> <span class=\"_\"> </span>valore <span class=\"_\"> </span>de<span class=\"_ _0\"></span>lle <span class=\"_ _b\"> </span>testate <span class=\"_\"> </span>edi<span class=\"_ _0\"></span>toriali <span class=\"_ _b\"> </span>(anziani<span class=\"_ _0\"></span>t\u00e0, <span class=\"_\"> </span>concorrenza<span class=\"_ _0\"></span>, diffusione, <span class=\"_ _21\"> </span>prezzo, <span class=\"_ _21\"> </span>redazione, <span class=\"_ _21\"> </span>attrattivit\u00e0 <span class=\"_ _21\"> </span>pubblicitaria, <span class=\"_ _1a\"> </span>potenzialit\u00e0 <span class=\"_ _21\"> </span>future, <span class=\"_ _21\"> </span>serbatoio pubblicitario <span class=\"_ _b\"> </span>e <span class=\"_\"> </span>redditivit\u00e0), <span class=\"_ _b\"> </span>sulla <span class=\"_\"> </span>base <span class=\"_ _b\"> </span>di <span class=\"_\"> </span>un\u2019an<span class=\"_ _0\"></span>alisi<span class=\"_ _0\"></span> <span class=\"_\"> </span>dell\u2019andamento <span class=\"_\"> </span>ge<span class=\"_ _0\"></span>nerale <span class=\"_\"> </span>del <span class=\"_ _b\"> </span>settore<span class=\"_ _0\"></span> editoriale <span class=\"_ _4\"></span>e <span class=\"_ _a\"></span>della <span class=\"_ _4\"></span>posizione <span class=\"_ _5\"></span>competitiva <span class=\"_ _4\"></span>assunta <span class=\"_ _4\"></span>da <span class=\"_ _a\"></span>ciascuna <span class=\"_ _4\"></span>Testata <span class=\"_ _5\"></span>Editorial<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>proprio mercato <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>riferimento,<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>nonch\u00e9 <span class=\"_ _1e\"> </span>in <span class=\"_ _1e\"> </span>fun<span class=\"ff6\">zione <span class=\"_ _1e\"> </span>dell\u2019esperienza<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>empirica <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>valutazioni </span>manageriali <span class=\"_ _4\"></span>sui <span class=\"_ _5\"></span>profili <span class=\"_ _5\"></span>quali<span class=\"_ _0\"></span>tativi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>ciascuna <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>Testate <span class=\"_ _4\"></span>Editoriali. <span class=\"_ _5\"></span>La <span class=\"_ _4\"></span>determinazione <span class=\"_ _4\"></span>dei coefficienti <span class=\"_ _b\"> </span>del <span class=\"_ _14\"> </span>f<span class=\"_ _1\"></span>atturato<span class=\"_ _0\"></span> <span class=\"_\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>funzione <span class=\"_ _b\"> </span>del <span class=\"_ _14\"> </span>punteggio <span class=\"_\"> </span>complessi<span class=\"_ _0\"></span>vo <span class=\"_ _14\"> </span>r<span class=\"_ _1\"></span>isultante <span class=\"_ _14\"> </span>dalla <span class=\"_\"> </span><span class=\"ff7\">balance </span>scorecard<span class=\"ff2\">, <span class=\"_\"> </span>per <span class=\"_\"> </span>ciascu<span class=\"_ _0\"></span>na <span class=\"_\"> </span>Testata<span class=\"_ _0\"></span> <span class=\"_\"> </span>Editoriale, <span class=\"_\"> </span>\u00e8 <span class=\"_ _b\"> </span>stata <span class=\"_\"> </span>effettuata<span class=\"_ _0\"></span> <span class=\"_\"> </span>sulla <span class=\"_\"> </span>base <span class=\"_\"> </span>di<span class=\"_ _0\"></span> <span class=\"_\"> </span>un <span class=\"_\"> </span>criterio<span class=\"_ _0\"></span> </span>oggettivo in funzione<span class=\"_ _0\"></span> del quale, per tutti i coefficienti,<span class=\"_ _0\"></span> all\u2019attribuzione<span class=\"_ _0\"></span> di <span class=\"_ _1\"></span>un punteggio mini<span class=\"_ _0\"></span>mo a <span class=\"_ _1\"></span>tutti <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>attori qualitativi <span class=\"_ _1\"></span>corrisponde <span class=\"_ _1\"></span>l\u2019estremo <span class=\"_ _1\"></span>infe<span class=\"_ _0\"></span>riore <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span><span class=\"ff7\">range<span class=\"ff2\"> <span class=\"_ _1\"></span>parametrico e <span class=\"_ _4\"></span>al <span class=\"_ _1\"></span>massimo </span></span>punteggio l\u2019estre<span class=\"_ _0\"></span>mo superiore del<span class=\"_ _0\"></span>lo stesso <span class=\"ff7\">range<span class=\"_ _0\"></span><span class=\"ff2 ls9\">. <span class=\"ls0\"> </span></span></span>Nel <span class=\"_ _a\"></span>prospetto <span class=\"_ _a\"></span>sottostante <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>riportano <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>valori <span class=\"_ _17\"></span>di <span class=\"_ _a\"></span>iscrizione <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>bilancio <span class=\"_ _a\"></span>delle <span class=\"_ _17\"></span>Testate Editoriali <span class=\"_ _3\"></span>alla <span class=\"_ _0\"></span>luce <span class=\"_ _3\"></span>dei risultati <span class=\"_ _3\"></span>delle <span class=\"_ _0\"></span>analisi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>svolte <span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>fine di <span class=\"_ _3\"></span>effettuare <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span><span class=\"ff7\">test <span class=\"_ _0\"></span><span class=\"ff2\">di <span class=\"_ _3\"></span><span class=\"ff7\">impairment<span class=\"ff2\"> <span class=\"_ _0\"></span>delle<span class=\"_ _0\"></span> </span></span></span></span>Testate <span class=\"_ _5\"></span>Editoriali. <span class=\"_ _5\"></span>I <span class=\"_ _5\"></span>risultati, <span class=\"_ _a\"></span>confor<span class=\"_ _0\"></span>tati <span class=\"_ _5\"></span>anche <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>valutazioni <span class=\"_ _5\"></span>effettuate <span class=\"_ _5\"></span>da <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>professionista<span class=\"_ _0\"></span> esterno, <span class=\"_ _1\"></span>hanno <span class=\"_ _1\"></span>portato<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>rilevazione di <span class=\"_ _4\"></span>una<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>perdita <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>11,2 milioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>euro, <span class=\"_ _1\"></span>come di seguito elencato<span class=\"_ _0\"></span>:<span class=\"ls9\">  </span> Descrizione Testate Editorial<span class=\"_ _0\"></span>i  2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Svalutaz. Il Gazzettino  27.687 27.687             -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>Il Messaggero <span class=\"_ _0\"></span> 43.808 52.008 (8.200) Il Mattino 17.796 20.796 (3.000) Quotidiano di Puglia<span class=\"_ _0\"></span> 431<span class=\"ls0\"> </span>431<span class=\"ls0\"> </span>            -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>Corriere Adriatico<span class=\"_ _0\"></span> 2.078 2.078             -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>In <span class=\"_ _5\"></span>aggiunta <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>ve<span class=\"_ _0\"></span>rifica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>r<span class=\"_ _1\"></span>ecuperabil<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _a\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>valore <span class=\"_ _5\"></span>delle <span class=\"_ _a\"></span>Testa<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>Editoriali <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>31 dicembre <span class=\"_ _a\"></span>20<span class=\"ls2\">22</span> <span class=\"_ _a\"></span><span class=\"ff6\">mediante <span class=\"_ _a\"></span>l\u2019ap<span class=\"_ _0\"></span>plicazione <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>m<span class=\"_ _1\"></span>odello <span class=\"_ _a\"></span>illustrato <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>precedenza, <span class=\"_ _a\"></span>tenuto <span class=\"_ _a\"></span>con<span class=\"_ _0\"></span>to </span>delle <span class=\"_ _5\"></span>str<span class=\"_ _1\"></span>ette <span class=\"_ _a\"></span>inte<span class=\"_ _0\"></span>rdipendenze <span class=\"_ _5\"></span>esistenti <span class=\"_ _a\"></span>fra <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>diverse <span class=\"_ _a\"></span>legal <span class=\"_ _5\"></span>entity <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>Gru<span class=\"_ _0\"></span>ppo <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>linea <span class=\"_ _a\"></span>con q<span class=\"ff6\">uanto svolto nell\u2019ambito del t<span class=\"_ _1\"></span>est di <span class=\"_ _1\"></span>impairm<span class=\"_ _0\"></span>ent effettuato con riferimento all\u2019esercizio <span class=\"_ _1\"></span><span class=\"ff2 ls2\">2021<span class=\"ls3\">, </span></span></span>\u00e8 <span class=\"_ _3\"></span>stata <span class=\"_ _3\"></span>effettuata<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>anche <span class=\"_ _3\"></span>un\u2019anal<span class=\"_ _0\"></span>isi <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _3\"></span>prospetti<span class=\"_ _0\"></span>ci <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>CGU <span class=\"_ _3\"></span>avendo <span class=\"_ _2b\"></span>riferimento ad <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>unico <span class=\"_ _1\"></span>schema <span class=\"_ _1\"></span>economico, <span class=\"_ _1\"></span>patrimoniale e <span class=\"_ _4\"></span>finanzi<span class=\"_ _0\"></span>ario <span class=\"_ _1\"></span>aggregato <span class=\"_ _1\"></span>che, <span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>altre cose, consente una <span class=\"_ _0\"></span>\u201clettura<span class=\"_ _0\"></span>\u201d unitaria <span class=\"_ _0\"></span>dei dati <span class=\"_ _0\"></span>coerente <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>l\u2019effettiva modal<span class=\"_ _0\"></span>it\u00e0 di<span class=\"_ _0\"></span> gestione <span class=\"_ _0\"></span>operativa<span class=\"_ _0\"></span> dell\u2019uni<span class=\"_ _0\"></span>cum <span class=\"_\"> </span>rappresenta<span class=\"_ _0\"></span>to <span class=\"_\"> </span>dalle <span class=\"_ _b\"> </span>testate<span class=\"_ _0\"></span> <span class=\"_\"> </span>e <span class=\"_\"> </span>da<span class=\"_ _0\"></span>lla <span class=\"_ _b\"> </span>concessionaria <span class=\"_\"> </span>di<span class=\"_ _0\"></span> <span class=\"_\"> </span>pubbl<span class=\"_ _0\"></span>icit\u00e0 <span class=\"_\"> </span>al<span class=\"_ _0\"></span>le <span class=\"_\"> </span>stesse<span class=\"_ _0\"></span> dedicata. L\u2019analisi<span class=\"_ _0\"></span> <span class=\"_ _9\"> </span>in <span class=\"_ _2\"> </span>ogge<span class=\"_ _0\"></span>tto <span class=\"_ _2\"> </span>\u00e8<span class=\"_ _0\"></span> <span class=\"_ _9\"> </span>stata <span class=\"_ _9\"> </span>effe<span class=\"ff2\">ttuata <span class=\"_ _9\"> </span>come <span class=\"_ _9\"> </span>previsto <span class=\"_ _2\"> </span>da<span class=\"_ _0\"></span>l <span class=\"_ _9\"> </span>principio <span class=\"_ _9\"> </span>contabile<span class=\"_ _0\"></span> </span>internazionale <span class=\"_ _4\"></span>IAS <span class=\"_ _4\"></span>36. <span class=\"_ _4\"></span> <span class=\"_ _4\"></span><span class=\"ff6\">I<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>d\u2019uso <span class=\"_ _4\"></span>nell\u2019esercizio <span class=\"_ _1\"></span>20<span class=\"_ _1\"></span></span><span class=\"ls2\">22</span> <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _4\"></span>determinato <span class=\"_ _4\"></span>attraverso <span class=\"_ _4\"></span>la<span class=\"_ _0\"></span> metodologia <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Discounted <span class=\"_ _5\"></span>Cash <span class=\"_ _5\"></span>Flow <span class=\"_ _5\"></span>ossia <span class=\"_ _a\"></span>l\u2019attuali<span class=\"_ _0\"></span>zzazione <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>f<span class=\"_ _1\"></span>lussi<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cassa <span class=\"_ _5\"></span>operativi<span class=\"_ _0\"></span> futuri generati dal<span class=\"_ _0\"></span>la CGU. La <span class=\"_ _6\"> </span>verifica <span class=\"_ _6\"> </span>della <span class=\"_ _6\"> </span>recuperabil<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"> </span>del <span class=\"_ _6\"> </span>valore <span class=\"_ _6\"> </span>della <span class=\"_ _6\"> </span>CGU <span class=\"_ _6\"> </span>\u00e8 <span class=\"_ _6\"> </span>stata <span class=\"_ _6\"> </span>basata <span class=\"_ _6\"> </span>sul <span class=\"_ _6\"> </span>piano economico <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>finanziario <span class=\"_ _3\"></span>2023-2027 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>Caltagirone <span class=\"_ _3\"></span>Editore, <span class=\"_ _3\"></span>sviluppato <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>dei piani <span class=\"_ _1\"></span>ricevuti <span class=\"_ _1\"></span>dalle <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _4\"></span>controll<span class=\"_ _0\"></span>ate, <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>quale <span class=\"_ _4\"></span>sono state <span class=\"_ _1\"></span>riportate <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>poste <span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>onomiche <span class=\"_ _1\"></span>e patrimoniali <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>CGU <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>fanno <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>editoriali <span class=\"_ _3\"></span>(incluse <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Testate Editoriali) e di raccol<span class=\"_ _0\"></span>ta pub<span class=\"_ _0\"></span>blicitaria. In <span class=\"_ _0\"></span>particolare<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>flussi <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>cassa son<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>stati <span class=\"_ _0\"></span>stimati<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>per <span class=\"_ _3\"></span>un pe<span class=\"_ _0\"></span>riodo <span class=\"_ _3\"></span>esplicito <span class=\"_ _3\"></span>di ci<span class=\"_ _0\"></span>nque <span class=\"_ _0\"></span>anni<span class=\"_ _0\"></span> e sono <span class=\"_ _1\"></span>stati attualizzati sulla base di un <span class=\"_ _1\"></span>tasso determinato <span class=\"_ _1\"></span>in funzione del costo <span class=\"_ _1\"></span>del capitale<span class=\"_ _0\"></span> della <span class=\"_ _4\"></span>CGU <span class=\"_ _5\"></span>(weighted <span class=\"_ _4\"></span>average <span class=\"_ _4\"></span>cost <span class=\"_ _5\"></span>of <span class=\"_ _5\"></span>capital, <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>\u201cwacc\u201d). <span class=\"_ _4\"></span>A <span class=\"_ _5\"></span>tale <span class=\"_ _4\"></span>valore <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _4\"></span>sommato <span class=\"_ _4\"></span>un valore <span class=\"_ _0\"></span>terminal<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(termina<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>value) che <span class=\"_ _3\"></span>rappresenta <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>proiezione <span class=\"_ _3\"></span>della <span class=\"_ _0\"></span>capacit\u00e0 <span class=\"_ _3\"></span>di reddito <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a CGU, <span class=\"_ _5\"></span>calcolata <span class=\"_ _a\"></span>applican<span class=\"_ _0\"></span>do <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>modello <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>rendita <span class=\"_ _5\"></span>perpetua. <span class=\"_ _a\"></span>Si <span class=\"_ _5\"></span>segnala <span class=\"_ _5\"></span>altres\u00ec <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>la determinazione del<span class=\"_ _0\"></span> terminal<span class=\"_ _0\"></span> value \u00e8 stato appli<span class=\"_ _0\"></span>cato un tasso<span class=\"_ _0\"></span> di crescita par<span class=\"_ _0\"></span>i a zero.  Nell\u2019effettuazione del test di impairment<span class=\"ff2\"> <span class=\"_ _1\"></span>approvato dal Consiglio di Amministrazione, </span>sono <span class=\"_ _1\"></span>stati <span class=\"_ _1\"></span>presi <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>considerazione i <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>lussi finanziari <span class=\"_ _1\"></span>attesi <span class=\"_ _1\"></span>consolidati per<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>20<span class=\"ls2\">23</span>. <span class=\"_ _1\"></span>Inoltre, <span class=\"_ _1\"></span>per gli <span class=\"_ _1\"></span>anni <span class=\"_ _4\"></span>successivi, <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>state <span class=\"_ _4\"></span>formula<span class=\"_ _0\"></span>te <span class=\"_ _4\"></span>specific<span class=\"_ _0\"></span>he <span class=\"_ _4\"></span>previsioni<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>dell\u2019andam<span class=\"_ _0\"></span>ento <span class=\"_ _4\"></span>del <span class=\"_ _1\"></span>business, sulla <span class=\"_ _5\"></span>base <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>piani <span class=\"_ _5\"></span>ricevuti <span class=\"_ _a\"></span>dalle <span class=\"_ _5\"></span>societ<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>control<span class=\"_ _0\"></span>late, <span class=\"_ _a\"></span>tenendo <span class=\"_ _5\"></span>pertanto <span class=\"_ _a\"></span>conto <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>contesto economico-<span class=\"ff6\">finanzi<span class=\"_ _0\"></span>ario e di m<span class=\"_ _1\"></span>ercato mutato dall\u2019attual<span class=\"_ _0\"></span>e crisi, <span class=\"_ _1\"></span>nonch\u00e9 delle diverse condizion<span class=\"_ _0\"></span>i </span>operative <span class=\"_ _3\"></span>derivanti <span class=\"_ _3\"></span>dallo <span class=\"_ _3\"></span>scenario <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>crisi.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _3\"></span>riguardo <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>precisa <span class=\"_ _3\"></span>che <span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>previsi<span class=\"_ _0\"></span>oni <span class=\"_ _3\"></span>formulate nell\u2019eserci<span class=\"_ _0\"></span>zio <span class=\"_ _5\"></span>precedente <span class=\"_ _a\"></span><span class=\"ff2\">sono <span class=\"_ _5\"></span>state <span class=\"_ _a\"></span>aggiorna<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>Societ\u00e0<span class=\"ls9\">, <span class=\"_ _a\"></span></span>sulla <span class=\"_ _4\"></span>base <span class=\"_ _a\"></span>dei <span class=\"_ _5\"></span>piani <span class=\"_ _5\"></span>r<span class=\"_ _1\"></span>icevuti </span>dalle societ\u00e0 con<span class=\"_ _0\"></span>trollate, <span class=\"ff6\">anche in relazi<span class=\"_ _0\"></span>one ai dati<span class=\"_ _0\"></span> di consuntivo dell<span class=\"_ _0\"></span>\u2019esercizio 20<span class=\"ff2 ls2\">22<span class=\"ls0\">. </span></span></span>In <span class=\"_ _0\"></span>particolare<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>va <span class=\"_ _3\"></span>rimarcato <span class=\"_ _3\"></span>che l<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>azioni di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>razionalizzazione <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>contenimento <span class=\"_ _3\"></span>dei cos<span class=\"_ _0\"></span>ti decise <span class=\"_ _17\"> </span>ed <span class=\"_ _19\"> </span>intraprese <span class=\"_ _19\"> </span>nel <span class=\"_ _19\"> </span>tempo <span class=\"_ _19\"> </span>dal <span class=\"_ _19\"> </span>managemen<span class=\"_ _0\"></span>t, <span class=\"_ _19\"> </span>hanno <span class=\"_ _17\"> </span>sempre <span class=\"_ _19\"> </span>avuto <span class=\"_ _19\"> </span>un <span class=\"_ _19\"> </span>esito <span class=\"_ _19\"> </span>positivo superiore <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>preven<span class=\"_ _0\"></span>tivato. <span class=\"_ _0\"></span>Viceve<span class=\"_ _0\"></span>rsa, <span class=\"_ _0\"></span>l\u2019andamen<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>del mercato <span class=\"_ _3\"></span>pubblicitario <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>della <span class=\"_ _3\"></span>diffusione della <span class=\"_ _14\"> </span>cart<span class=\"_ _1\"></span>a <span class=\"_ _b\"> </span>stampata, <span class=\"_ _b\"> </span>a<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>causa <span class=\"_ _b\"> </span>del <span class=\"_ _b\"> </span>prolungarsi <span class=\"_ _14\"> </span>del <span class=\"_ _b\"> </span>periodo <span class=\"_ _14\"> </span>di <span class=\"_\"> </span>crisi <span class=\"_ _14\"> </span>congiuntamente <span class=\"_\"> </span>all<span class=\"_ _0\"></span>a straordinaria <span class=\"_\"> </span>rivoluzion<span class=\"_ _0\"></span>e <span class=\"_\"> </span>digitale <span class=\"_\"> </span>dei <span class=\"_\"> </span>mezzi <span class=\"_\"> </span>di <span class=\"_\"> </span>infor<span class=\"_ _0\"></span>mazione, <span class=\"_\"> </span>\u00e8 <span class=\"_\"> </span>stato <span class=\"_\"> </span>contrassegna<span class=\"_ _0\"></span>to <span class=\"_\"> </span>da difficolt\u00e0 <span class=\"_ _3\"></span>pi\u00f9 <span class=\"_ _0\"></span>ampie <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>durature <span class=\"_ _3\"></span>rispetto <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>quelle <span class=\"_ _3\"></span>previste <span class=\"_ _3\"></span>da <span class=\"_ _0\"></span>tutti <span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>principali<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>operato<span class=\"_ _0\"></span>ri. <span class=\"_ _0\"></span>Per<span class=\"_ _0\"></span>tanto,<span class=\"_ _0\"></span> i <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cassa <span class=\"_ _3\"></span>attesi <span class=\"_ _3\"></span>impiegati <span class=\"_ _3\"></span>nell<span class=\"_ _0\"></span>\u2019applicazi<span class=\"_ _0\"></span>one <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>odello <span class=\"_ _3\"></span>so<span class=\"ff2\">no <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>determinati <span class=\"_ _2b\"></span>sulla <span class=\"_ _3\"></span>base </span>dei dati <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span><span class=\"ff7\">budget<span class=\"_ _0\"></span><span class=\"ff2\"> <span class=\"_ _1\"></span><span class=\"ls2\">2023</span> e <span class=\"_ _1\"></span>di pianificazione 20<span class=\"ls2\">24</span>-2027 e <span class=\"_ _1\"></span>rappresentano<span class=\"_ _0\"></span> la <span class=\"_ _1\"></span>miglior stima degli </span></span>importi <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>tempistiche <span class=\"_ _4\"></span>secondo<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>flussi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cassa <span class=\"_ _4\"></span>futuri <span class=\"_ _4\"></span>si <span class=\"_ _4\"></span>manifesteranno <span class=\"_ _4\"></span>sulla <span class=\"_ _4\"></span>base<span class=\"_ _0\"></span> del <span class=\"_ _4\"></span>piano <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>termin<span class=\"_ _0\"></span>e, <span class=\"_ _4\"></span>che <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>stato <span class=\"_ _4\"></span>rivisto <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>aggiornato <span class=\"_ _4\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>20<span class=\"ls2\">23</span> <span class=\"_ _4\"></span>anche <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>fine <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>tenere conto <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>quanto <span class=\"_ _1e\"> </span>sopra <span class=\"_ _1e\"> </span>richiama<span class=\"_ _0\"></span>to <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>degli <span class=\"_ _1e\"> </span>scostamenti <span class=\"_ _1e\"> </span>evidenzi<span class=\"_ _0\"></span>ati <span class=\"_ _1e\"> </span>tra <span class=\"_ _1e\"> </span>la <span class=\"_ _1e\"> </span>precedente<span class=\"_ _0\"></span> pianificazion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>e i<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>consuntivo <span class=\"_ _3\"></span>20<span class=\"ls2\">22</span>. <span class=\"_ _0\"></span>I <span class=\"_ _3\"></span>Costi <span class=\"_ _3\"></span>Operativi <span class=\"_ _3\"></span>considerati <span class=\"_ _3\"></span>nei <span class=\"_ _3\"></span>flussi <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cassa <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ttesi <span class=\"_ _3\"></span>sono stati <span class=\"_ _0\"></span>anch\u2019essi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>de<span class=\"ff2\">terminati <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>funzione<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>delle <span class=\"_ _3\"></span>stime <span class=\"_ _3\"></span>del <span class=\"ff7\">manage<span class=\"_ _0\"></span>ment<span class=\"ff2\"> <span class=\"_ _0\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rossimi <span class=\"_ _3\"></span>cinque <span class=\"_ _0\"></span>anni<span class=\"_ _0\"></span> </span></span></span>e <span class=\"_ _16\"> </span>tenendo <span class=\"_ _19\"> </span>conto <span class=\"_ _16\"> </span>degli <span class=\"_ _16\"> </span>effetti <span class=\"_ _19\"> </span>positivi <span class=\"_ _16\"> </span>dei <span class=\"_ _16\"> </span>piani <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>r<span class=\"_ _1\"></span>istru<span class=\"_ _0\"></span>tturazione<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>effettuati <span class=\"_ _19\"> </span>nei <span class=\"_ _16\"> </span>precedenti esercizi<span class=\"ls3\">. </span> <span class=\"ff6\">Dall\u2019ulteriore test di impairment predisp<span class=\"_ _0\"></span>osto non sono emerse sval<span class=\"_ _0\"></span>utazioni<span class=\"ff2\"> <span class=\"_ _1\"></span>ulteriori </span></span>delle <span class=\"_\"> </span>attivit\u00e0 <span class=\"_\"> </span>incluse <span class=\"_\"> </span>nella <span class=\"_\"> </span>CGU <span class=\"_\"> </span>cui <span class=\"_\"> </span>fanno <span class=\"_\"> </span>riferi<span class=\"_ _0\"></span>mento <span class=\"_\"> </span>le <span class=\"_\"> </span>attivit\u00e0 <span class=\"_\"> </span>editorial<span class=\"_ _0\"></span>i <span class=\"_\"> </span>e <span class=\"_\"> </span>di <span class=\"_\"> </span>raccolta pubblicitaria.  Nel <span class=\"_ _1a\"> </span>prospetto <span class=\"_ _1b\"> </span>sottos<span class=\"_ _0\"></span>tante <span class=\"_ _1a\"> </span>si <span class=\"_ _1b\"> </span>riportano <span class=\"_ _1a\"> </span>i <span class=\"_ _1a\"> </span>principali <span class=\"_ _1a\"> </span>parametri <span class=\"_ _1b\"> </span>util<span class=\"_ _0\"></span>izzati <span class=\"_ _1a\"> </span>nella determinazione del<span class=\"_ _0\"></span> <span class=\"ff7\">test </span>di <span class=\"ff7\">impai<span class=\"_ _0\"></span>rment<span class=\"ff2\">. </span></span>Descrizione Tax rate WACC* g-rate<span class=\"ff1 ls28\">**</span> Periodo esplic<span class=\"_ _0\"></span>ito 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>flussi di cassa Valore 28,82% 28,82% 7,50% 6,00% 0 0 5 anni Dalle risultanze delle analisi di sensitivit\u00e0 effettuate \u00e8 <span class=\"_ _1\"></span>emerso che <span class=\"_ _1\"></span><span class=\"ff6\">\u2013</span> sebbene si r<span class=\"_ _1\"></span>ilevi una <span class=\"_ _4\"></span>sensibilit\u00e0 <span class=\"_ _4\"></span>non <span class=\"_ _5\"></span>trascurabile <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>stime <span class=\"_ _5\"></span>al <span class=\"_ _4\"></span>variare <span class=\"_ _5\"></span>dei <span class=\"_ _4\"></span>parametri <span class=\"_ _4\"></span>g <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>wacc <span class=\"_ _4\"></span>considerati <span class=\"_ _4\"></span>e che, <span class=\"_ _14\"> </span>in <span class=\"_ _14\"> </span>taluni <span class=\"_ _14\"> </span>scenari <span class=\"_ _14\"> </span>valutativi, <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span><span class=\"ff6\">differenziale <span class=\"_ _14\"> </span>tra <span class=\"_ _14\"> </span>l\u2019Enterprise <span class=\"_ _14\"> </span>Value <span class=\"_ _14\"> </span>st<span class=\"_ _0\"></span>imato <span class=\"_ _14\"> </span>e <span class=\"_ _14\"> </span>il <span class=\"_ _14\"> </span>valore </span>contabile <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>CIN <span class=\"_ _14\"> </span>della <span class=\"_ _16\"> </span>CGU <span class=\"_ _16\"> </span>risulterebbe <span class=\"_ _16\"> </span>negativo <span class=\"_ _16\"> </span>(peraltro <span class=\"_ _16\"> </span>solo <span class=\"_ _16\"> </span>per <span class=\"_ _14\"> </span>ipotesi <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>tasso <span class=\"_ _16\"> </span>di crescita <span class=\"_ _15\"> </span>pari <span class=\"_ _18\"> </span>a <span class=\"_ _15\"> </span>zero) <span class=\"_ _18\"> </span><span class=\"ff6\">\u2013</span> <span class=\"_ _18\"> </span>nella <span class=\"_ _15\"> </span>maggioranza <span class=\"_ _15\"> </span>degli <span class=\"_ _15\"> </span>scenari <span class=\"_ _18\"> </span>esaminati <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>risultati <span class=\"_ _18\"> </span>del <span class=\"_ _15\"> </span>test confermano, nell<span class=\"_ _0\"></span>a sostanza, le con<span class=\"_ _0\"></span>clusioni otten<span class=\"_ _0\"></span>ute con riferi<span class=\"_ _0\"></span>mento allo scen<span class=\"_ _0\"></span>ario base.  Al di <span class=\"_ _0\"></span>l\u00e0 dei<span class=\"_ _0\"></span> modelli di <span class=\"_ _0\"></span>impairment u<span class=\"_ _0\"></span>tilizzati nel<span class=\"_ _0\"></span>la valutazi<span class=\"_ _0\"></span>one dell<span class=\"_ _0\"></span>e attivit\u00e0 im<span class=\"_ _0\"></span>materiali <span class=\"_ _0\"></span>a vita indefinita, va sottolineato che, nelle considerazioni<span class=\"_ _0\"></span> inerenti l\u2019effettivo valore degli asse<span class=\"_ _1\"></span><span class=\"ff2\">ts </span>immateriali <span class=\"_ _17\"></span>che <span class=\"_ _17\"> </span>qualificano <span class=\"_ _17\"> </span>le <span class=\"_ _19\"> </span>attivit\u00e0 <span class=\"_ _17\"></span>editoriali, <span class=\"_ _17\"></span>vanno <span class=\"_ _17\"></span>tenuti <span class=\"_ _19\"> </span>presenti <span class=\"_ _17\"></span>anche <span class=\"_ _17\"> </span>elementi <span class=\"_ _17\"> </span>che esulano <span class=\"_ _5\"></span>da <span class=\"_ _a\"></span>dinamiche<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>stret<span class=\"_ _0\"></span>tamente <span class=\"_ _5\"></span>economiche <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>hanno<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>che <span class=\"_ _5\"></span>fare <span class=\"_ _5\"></span>con <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>nume<span class=\"_ _0\"></span>ro <span class=\"_ _5\"></span>di lettori <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>con <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>diffusione <span class=\"_ _16\"> </span>sul <span class=\"_ _16\"> </span>mercato, <span class=\"_ _16\"> </span>elementi<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>che <span class=\"_ _16\"> </span>conferiscono <span class=\"_ _19\"> </span>valore <span class=\"_ _16\"> </span>e<span class=\"_ _1\"></span>ffettivo <span class=\"_ _16\"> </span>ad <span class=\"_ _16\"> </span>un quotidiano e ne<span class=\"_ _0\"></span> determinano il<span class=\"_ _0\"></span> prezzo.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__72": {
   "value": "3.  Immobili, impianti e macchinari Terreni e Impianti e Immobilizzazioni Costo storico Cave Altri beni Totale fabbricati Macchinari in corso 01.01.2021 488.321  189.816  1.220.324  172.231  39.752  2.110.445  Incrementi 17.466  2.509  30.938  19.448  39.251  109.612  Decrementi  (1.128)   (251)   (4.850)   (10.163)   (114)   (16.505)  Variazione perimetro di  -  34  387  49  470  consolidamento Differenze cambio  (4.926)  1.600   (24.776)   (3.506)  138   (31.469)  Riclassifiche 2.082  279  24.946  1.056   (28.501)   (137)  31.12.2021 501.815  193.954  1.246.617  179.453  50.575  2.172.414  01.01.2022 501.815  193.954  1.246.617  179.453  50.575  2.172.414  Incrementi 14.432  3.312  27.508  23.771  56.131  125.154  Decrementi  (7.382)   (85)   (18.861)   (16.939)   (43.267)  Rivalutazioni IAS 29 121.759  1.621  346.274  23.415  207  493.276  Rivalutazioni/Svalutazioni  (218)   (218)  Differenze cambio  (10.049)   (97)   (32.958)   (2.630)   (1.244)   (46.979)  Riclassifiche 12.960  231  39.709   (1.887)   (49.114)  1.898  31.12.2022 633.535  198.935  1.608.071  205.183  56.554  2.702.279  Fondo ammortamento e Terreni e Impianti e Immobilizzazioni Cave Altri beni Totale perdite durevoli fabbricati Macchinari in corso 01.01.2021 275.353  19.031  855.070  97.597   -  1.247.052  Incrementi 19.075  3.496  52.151  25.425   -  100.147  Decrementi  (584)   (34)   (4.197)   (9.258)   -   (14.074)  Variazione perimetro di 23  268   -  291  consolidamento Differenze cambio  (2.004)  671   (23.698)   (2.369)   -   (27.400)  Riclassifiche 3   (166)  169   -  6  31.12.2021 291.843  23.164  879.182  111.833   -  1.306.022  01.01.2022 291.843  23.164  879.182  111.833   -  1.306.022  Incrementi 19.609  4.118  55.407  25.985  105.119  Decrementi  (7.030)   (57)   (18.828)   (15.743)   (41.658)  Rivalutazioni IAS 29 65.696  1.496  321.223  21.287  409.702  Differenze cambio  (4.887)   (251)   (22.625)   (1.776)   (29.539)  Riclassifiche 1.418  892  38   (1.053)  1.295  31.12.2022 366.648  29.362  1.214.397  140.534   -  1.750.942  Valore netto 01.01.2021 196.478  166.652  341.142  60.398  39.752  804.422  31.12.2021 209.972  170.790  367.434  67.620  50.575  866.392  31.12.2022 266.886  169.573  393.673  64.649  56.554  951.337    Le  vite  utili  adottate  dal  Gruppo  sono  riportate  nel  paragrafo  relativo  ai  criteri  di valutazione cui si rinvia.      Il valore netto contabile degli immobili, impianti e macchinari \u00e8 impegnato per milioni 120,2 di Euro (108,9 milioni di Euro al 31 dicembre 2021), a garanzia di finanziamenti bancari il cui ammontare residuo al 31 dicembre 2022 \u00e8 pari a 134,9 milioni di Euro (98,2 milioni di Euro al 31 dicembre 2021).     Al  31  dicembre  2022  non  ci  sono  impegni  contrattuali  in  essere  per  l\u2019acquisto  di immobili, impianti e macchinari (nessun impegno al 31 dicembre 2021).       Per  il  dettaglio  della  vita  utile  dei  cespiti si  rinvia  al  paragrafo  relativo ai  criteri  di valutazione. Gli  ammortamenti  dell\u2019esercizio  (nota  26)  sono  calcolati  considerando  il  logorio tecnico, l\u2019obsolescenza tecnologica e il presunto valore di realizzo.  Con riferimento agli impatti derivanti dall\u2019applicazione dell\u2019IFRS 16 per il Gruppo al 31 dicembre 2022, si riportano di seguito le seguenti informazioni integrative: Totale attivit\u00e0 Terreni e fabbricati Impianti e macchinari Altri beni per diritto di utilizzo Valore lordo al 1\u00b0 gennaio 36.290  22.173  86.396  144.858  2021 Incrementi 15.904  2.540  14.278  32.722  Decrementi  (757)   (2.209)   (4.633)   (7.599)  Differenze cambio 541  527   (947)  121  Riclassifiche  (181)  10  263  91  Valore lordo al 31 51.797  23.041  95.357  170.192  dicembre 2021  -   -   -  Fondo ammortamento al 1\u00b0 14.133  6.277  30.963  51.372  gennaio 2021 Ammortamenti 7.718  3.955  20.318  31.991  Decrementi  (242)   (1.680)   (4.070)   (5.992)  Differenze cambio 172  300   (248)  224  Riclassifiche 3  2  105  110  Fondo ammortamento al 21.784  8.854  47.068  77.705  31 dicembre 2021 Valore netto al 31 30.013  14.187  48.288  92.487  dicembre 2021 Totale attivit\u00e0 Terreni e fabbricati Impianti e macchinari Altri beni per diritto di utilizzo Valore lordo al 1\u00b0 gennaio 51.797  23.041  95.357  170.192  2022 Incrementi 12.092  3.900  16.980  32.972  Decrementi  (4.901)   (572)   (11.563)   (17.036)  Rivalutazioni IAS 29 55  451  3.052  3.558  Differenze cambio  (362)  337   (682)   (707)  Riclassifiche 2.143  36   (30)  2.150  Valore lordo al 31 60.824  27.193  103.114  191.128  dicembre 2022 3.014  78   (3.272)  Fondo ammortamento al 1\u00b0 21.784  8.854  47.068  77.705  gennaio 2022 Ammortamenti 8.259  4.527  20.654  33.440  Decrementi  (4.673)   (572)   (10.482)   (15.727)  Rivalutazioni IAS 29 47  326  1.808  2.181  Differenze cambio  (183)  216   (391)   (358)  Riclassifiche 580  13   -  593  Fondo ammortamento al 25.814  13.364  58.657  97.834  31 dicembre 2022 Valore netto al 31 35.009  13.829  44.456  93.294  dicembre 2022 Al 31 dicembre 2022 le attivit\u00e0 per il diritto di utilizzo sono pari a 93.294 mila euro (92.487 al 31 dicembre 2021). L\u2019esposizione del Gruppo, con evidenza delle scadenze delle passivit\u00e0 del leasing relative ai flussi finanziari contrattuali non attualizzati \u00e8 la seguente: 31/12/2022 31/12/2021 Entro 3 mesi  7.942                            8.069  Tra 3 mesi ed 1 anno  22.528                          23.283  Tra 1 e 2 anni  21.619                          22.790  Tra 2 e 5 anni  30.665                          31.306  Oltre 5 anni  9.910                          12.853  Totale passivit\u00e0 del leasing non attualizzate al 31 dicembre  92.664                        98.300  Le passivit\u00e0 del leasing non correnti e correnti sono di seguito esposte: 31/12/2022 31/12/2021 Passivit\u00e0 non correnti del leasing  49.828    51.339  Passivit\u00e0 non correnti del leasing \u2013 parti correlate  13.640    12.648  Passivit\u00e0 del leasing non correnti  63.469    63.987  Passivit\u00e0 correnti del leasing  26.825    25.512  Passivit\u00e0 correnti del leasing \u2013 parti correlate  3.292      4.569  Passivit\u00e0 del leasing correnti  30.117    30.082  Totale passivit\u00e0 del leasing  93.586    94.068  Importi rilevati nel conto economico 2022 2021 consolidato Ammortamenti  35.117  31.991  Interessi passivi sulle passivit\u00e0 del  2.385  2.038  leasing Costi relativi ai leasing a breve termine  7.798  793  Costi relativi ai leasing di attivit\u00e0 di  60  74  modesto valore",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__73": {
   "value": "4.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Investimenti i<span class=\"_ _0\"></span>mmobiliari </span>Investimenti 01.01.2021 Incrementi/ Riclassifiche Valutazioni Effetto IAS 29<span class=\"_ _0\"></span> Delta 31.12.2021 immobiliari decrementi al Fair cambio Value Investimenti  358.462   (1.986)   -   11.087   (25.460)   342.104  immobiliari Totale  358.462   (1.986)   -   11.087   -   (25.460)   342.104  Investimenti 01.01.2022 Incrementi/ Riclassifiche Valutazioni Effetto IAS 29<span class=\"_ _0\"></span> Delta 31.12.2022 immobiliari (decrementi) al Fair cambio Value Investimenti  342.104   <span class=\"ls12\">104 </span>  20.648   (10.747)   369.493  immobiliari  (3.533)   20.918  Totale  342.104   (3.533)   <span class=\"ls12\">104 </span>  20.918   20.648   (10.747)   369.493  Gli investi<span class=\"_ _0\"></span>menti i<span class=\"_ _0\"></span>mmobiliari, pa<span class=\"_ _0\"></span>ri a<span class=\"_ _0\"></span> 369,5<span class=\"_ _0\"></span> milioni<span class=\"_ _0\"></span> di Euro<span class=\"_ _0\"></span>, sono <span class=\"_ _3\"></span>costituiti principal<span class=\"_ _0\"></span>mente da <span class=\"_\"> </span><span class=\"ls0\">terreni <span class=\"_\"> </span>situati <span class=\"_\"> </span>in <span class=\"_\"> </span>Turchia, <span class=\"_\"> </span>da <span class=\"_ _6\"> </span>immobili<span class=\"_ _0\"></span> <span class=\"_\"> </span>situati <span class=\"_\"> </span>in <span class=\"_\"> </span>Roma <span class=\"_\"> </span>(<span class=\"_ _1\"></span>a <span class=\"_\"> </span>destinazione <span class=\"_\"> </span>residenziale<span class=\"_ _0\"></span>, </span>commerciale <span class=\"_ _3\"></span>ed <span class=\"_ _0\"></span>uffici), <span class=\"_ _3\"></span>da <span class=\"_ _0\"></span>alcuni <span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>erreni <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tuati <span class=\"_ _0\"></span>nell<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>province<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>Roma e <span class=\"_ _3\"></span>Taranto <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>dal <span class=\"_ _0\"></span>terreno situato a Bagnoli<span class=\"_ _0\"></span>.   Gli <span class=\"_ _3\"></span>immobili <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>iscritti <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>value <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>perizie <span class=\"_ _3\"></span>tecniche <span class=\"_ _3\"></span>effettuate <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>esperti<span class=\"_ _0\"></span> indipendenti<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__74": {
   "value": "5.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Partecipazioni va<span class=\"_ _0\"></span>lutate al pa<span class=\"_ _0\"></span>trimonio netto </span>La voce \u00e8 cos\u00ec compos<span class=\"_ _0\"></span>ta: 01.01.2021 Variazioni 31.12.2021 Partecipazioni<span class=\"_ _0\"></span> in imprese con<span class=\"_ _0\"></span>sortili collegate 20.108  225 <span class=\"ls0\"> </span>20.333  Partecipazioni<span class=\"_ _0\"></span> in altre imprese <span class=\"_ _0\"></span>collegate  29.323  3.138  32.461  Totale 49.431  3.363  52.794  01.01.2022 Variazioni 31.12.2022 Partecipazioni<span class=\"_ _0\"></span> in imprese con<span class=\"_ _0\"></span>sortili collegate 20.333  1 <span class=\"ls0\"> </span>20.334  Partecipazioni<span class=\"_ _0\"></span> in altre imprese <span class=\"_ _0\"></span>collegate  32.461  461 <span class=\"ls0\"> </span>32.922  Totale 52.794  462 <span class=\"ls0\"> </span>53.256  La <span class=\"_ _14\"> </span>t<span class=\"_ _1\"></span>abella <span class=\"_ _14\"> </span>successiva<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>mostra <span class=\"_ _b\"> </span>la <span class=\"_ _14\"> </span>movimentazion<span class=\"_ _0\"></span>e <span class=\"_ _b\"> </span>dell<span class=\"_ _0\"></span>e <span class=\"_ _b\"> </span>parteci<span class=\"_ _0\"></span>pazioni <span class=\"_ _14\"> </span>in <span class=\"_ _14\"> </span>imprese consortili collegate <span class=\"_ _0\"></span>valutate con<span class=\"_ _0\"></span> il metodo del<span class=\"_ _0\"></span> Patrimonio Net<span class=\"_ _0\"></span>to: Incrementi/ % Partecipazioni in imprese consortili collegate 01.01.2021 31.12.2021 (decrementi) possesso  SUD EST Scarl 11<span class=\"ls0\"> </span>10,536 0,34  CONSORZIO CO.MA.VI  289<span class=\"ls0\"> </span>289,216 0,28  SUDMETRO Scarl  12<span class=\"ls0\"> </span>11,58 0,2316  METROTEC Scarl  23<span class=\"ls0\"> </span>23,213 0,4643  CONS. SALINE JONICHE  5 4,803 0,31  METROSUD Scarl in liquidazione  24<span class=\"ls0\"> </span>23,927 0,2316  TOR VERGATA SCARL  10<span class=\"ls0\"> </span>10,296 0,3323  METRO C SCPA  19.672 19671,5 0,345  NPF <span class=\"ff6\">\u2013</span>NUOVO POLO FIERISTICO SCARL  10<span class=\"ls0\"> </span>10<span class=\"ls0\"> </span>0,25  SAT LAVORI SCARL  35<span class=\"ls0\"> </span>34,65 0,3465  CAPOSELE SCARL  8 8,21 0,4105  RIVIERA SCARL  10<span class=\"ls0\"> </span>10,351 0,207  CONSORZIO ETERIA  - 225<span class=\"ls0\"> </span>225<span class=\"ls0\"> </span>0,4091 Totale 20.108 225<span class=\"ls0\"> </span>20.333 Incrementi/ % Partecipazioni in imprese consortili collegate 01.01.2022 31.12.2022 (decrementi) possesso SUD EST Scarl 11<span class=\"ls0\"> </span>11<span class=\"ls0\"> </span>34,00% CONSORZIO CO.MA.VI 289<span class=\"ls0\"> </span>289<span class=\"ls0\"> </span>28,00% SUDMETRO Scarl 12<span class=\"ls0\"> </span>12<span class=\"ls0\"> </span>23,16% METROTEC Scarl 23<span class=\"ls0\"> </span>23<span class=\"ls0\"> </span>46,43% CONS. SALINE JONICHE 5 5 31,00% METROSUD Scarl in liquidazione 24<span class=\"ls0\"> </span>(24) - 23,16% TOR VERGATA SCARL 10<span class=\"ls0\"> </span>10<span class=\"ls0\"> </span>33,23% METRO C SCPA 19.672 19.672 34,50% NPF <span class=\"ff6\">\u2013</span>NUOVO POLO FIERISTICO SCARL 10<span class=\"ls0\"> </span>10<span class=\"ls0\"> </span>25,00% SAT LAVORI SCARL 35<span class=\"ls0\"> </span>35<span class=\"ls0\"> </span>34,65% CAPOSELE SCARL 8 8 41,05% RIVIERA SCARL 10<span class=\"ls0\"> </span>10<span class=\"ls0\"> </span>25,16% CONSORZIO ETEREA 225<span class=\"ls0\"> </span>25<span class=\"ls0\"> </span>250<span class=\"ls0\"> </span>40,91% Totale 20.333 1 20.334 La<span class=\"ls0\"> <span class=\"_ _19\"> </span>partecipazione <span class=\"_ _19\"> </span>in <span class=\"_ _19\"> </span>Metro <span class=\"_ _19\"> </span>C <span class=\"_ _19\"> </span>Scpa <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>esposta <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span>netto <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>debito <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>quota <span class=\"_ _19\"> </span>di </span>capitale sottosc<span class=\"_ _0\"></span>ritto ma non<span class=\"_ _0\"></span> ancora versato<span class=\"_ _0\"></span> dalla Vi<span class=\"_ _0\"></span>anini Lavori SpA (31,9<span class=\"_ _0\"></span> milioni<span class=\"_ _0\"></span> di euro).  La tabella <span class=\"_ _0\"></span>successiva <span class=\"_ _0\"></span>mostra la <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ovimentazione <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>le partecipazion<span class=\"_ _0\"></span>i in <span class=\"_ _0\"></span>altre imprese<span class=\"_ _0\"></span> collegate valutate<span class=\"_ _0\"></span> con il metodo<span class=\"_ _0\"></span> del Patrimoni<span class=\"_ _0\"></span>o Netto: Incrementi / Altri % di 01.01.2021 (decrementi) a Conto 31.12.2021 movimenti possesso economico Ecol Unicon Spzoo 2.956  270 <span class=\"ls0\"> </span> (80)  3.146  22,57% Agab Syd Aktiebolag 1.352  353 <span class=\"ls0\"> </span> (32)  1.673  18,42% Recybel  -  195 <span class=\"ls0\"> </span> (26)  169 <span class=\"ls0\"> </span>25,50% Eurostazioni Spa 9.057  27 <span class=\"ls0\"> </span>9.084  18,47% Acqua Campania S.p.A. 10.479  6.496   (4.380)  12.595  27,05% Torreblanca del Sol SA 3.524  188 <span class=\"ls0\"> </span>3.712  30,00% Metro B Srl 1.955   (78)  203 <span class=\"ls0\"> </span>2.080  25,42% Totale 29.323  7.452   (4.315)  32.460  Incrementi / Altri % di 01.01.2022 (decrementi) a Conto 31.12.2022 movimenti possesso economico Ecol Unicon Spzoo 3.146  458 <span class=\"ls0\"> </span> (149)  3.455  22,57% Agab Syd Aktiebolag 1.673  440 <span class=\"ls0\"> </span> (151)  1.962  18,42% Recybel 169 <span class=\"ls0\"> </span>75 <span class=\"ls0\"> </span> (100)  144 <span class=\"ls0\"> </span>25,50% Eurostazioni Spa 9.084  5 <span class=\"ls0\"> </span> -  9.089  18,47% Acqua Campania S.p.A. 12.595  1.716   (4.794)  9.517  27,05% Torreblanca del Sol SA 3.712  2.961   -  6.673  30,00% Metro B Srl 2.080   (88)  90 <span class=\"ls0\"> </span>2.082  25,42% Totale 32.460  5.567   (5.104)  32.922  Per le suddette<span class=\"_ _0\"></span> partecipazi<span class=\"_ _0\"></span>oni non si rilevano indi<span class=\"_ _0\"></span>catori di i<span class=\"_ _0\"></span>mpairment. La partecipazione<span class=\"_ _0\"></span> in Metro <span class=\"_ _1\"></span>B Srl \u00e8 esposta<span class=\"_ _0\"></span> al netto del debito per la quota di capitale sottoscritto ma n<span class=\"_ _0\"></span>on ancora versato dal<span class=\"_ _0\"></span>la Vianini<span class=\"_ _0\"></span> Lavori SpA (5,73 milion<span class=\"_ _0\"></span>i di euro). Nelle <span class=\"_ _3\"></span>seguenti <span class=\"_ _3\"></span>tabelle <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>sintetizzati <span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>dati <span class=\"_ _3\"></span>contabili <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>principali <span class=\"_ _3\"></span>societ<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _0\"></span>coll<span class=\"_ _0\"></span>egate; le <span class=\"_ _a\"></span>tabelle <span class=\"_ _a\"></span>includono <span class=\"_ _a\"></span>anche <span class=\"_ _a\"></span>una <span class=\"_ _a\"></span>riconciliazione <span class=\"_ _a\"></span>tra <span class=\"_ _a\"></span>le <span class=\"_ _17\"></span>informazioni <span class=\"_ _a\"></span>finanziarie<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>sintetiche <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>il valore contabil<span class=\"_ _0\"></span>e delle partecipazi<span class=\"_ _0\"></span>oni. Eurostazioni SpA*<span class=\"_ _1\"></span> Acqua Campania<span class=\"_ _1\"></span> SpA Metro C ScpA 2022 2021 2022 2021 2022 2021 Ricavi - - 96.532 85.503 79.722 55.911 Risultato di eserc<span class=\"_ _1\"></span>izio 233<span class=\"ls0\"> </span>217<span class=\"ls0\"> </span>3.583 9.103 273<span class=\"ls0\"> </span>205<span class=\"ls0\"> </span>Attivit\u00e0 non correnti<span class=\"_ _1\"></span> 20.053 11.963 183.978 136.089 93.686 94.021 Attivit\u00e0 correnti<span class=\"_ _1\"></span> 3.927 29.384 153.685 289.901 323.332 262.363 Passivit\u00e0 non cor<span class=\"_ _1\"></span>renti 3.551 21.117 2.397 28.826 2.686 2.511 Passivit\u00e0 correnti<span class=\"_ _1\"></span> 36<span class=\"ls0\"> </span>70<span class=\"ls0\"> </span>326.549 382.020 264.814 204.355 Attivit\u00e0 nette 20.393 20.160 8.717 15.144 149.518 149.518 Altre componenti O<span class=\"ls2c\">CI</span> - - - - - - Utile/(perdita) com<span class=\"_ _1\"></span>plessivo <span class=\"_ _1\"></span> 233<span class=\"ls0\"> </span>217<span class=\"ls0\"> </span>3.583 9.103 - - Riconciliazione v<span class=\"_ _1\"></span>alore della parteci<span class=\"_ _1\"></span>pazione<span class=\"_ _1\"></span> % possesso<span class=\"_ _1\"></span> 33%<span class=\"ls0\"> </span>33%<span class=\"ls0\"> </span>48%<span class=\"ls0\"> </span>48%<span class=\"ls0\"> </span>35%<span class=\"ls0\"> </span>35%<span class=\"ls0\"> </span>Quota di patrimonio <span class=\"_ _1\"></span>netto attribuibile <span class=\"_ _1\"></span>al Grupp<span class=\"_ _1\"></span>o* 11.013 11.008 4.175 7.254 51.585 51.585 Rettifiche di cons<span class=\"_ _1\"></span>olidamento<span class=\"_ _1\"></span> (1.924) (1.924) 5.342 5.342 (31.913) (31.913) Valore della parte<span class=\"_ _1\"></span>cipazione con il me<span class=\"_ _1\"></span>todo del Patrimo<span class=\"_ _1\"></span>nio 9.089 9.084 9.517 12.595 19.672 19.672 Netto Dividendi percepi<span class=\"_ _1\"></span>ti dalla collega<span class=\"_ _1\"></span>ta - - 4.332 4.372 * Il valore della p<span class=\"_ _1\"></span>artecipazione comp<span class=\"_ _1\"></span>rende Grandi Stazi<span class=\"_ _1\"></span>oni Immobiliar<span class=\"_ _1\"></span>e SpA, di cui Eurost<span class=\"_ _1\"></span>azioni possied<span class=\"_ _1\"></span>e il 40%.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__75": {
   "value": "6.<span class=\"ls0\"> <span class=\"_ _3b\"> </span>Partecipazioni e<span class=\"_ _0\"></span> titoli n<span class=\"_ _0\"></span>on correnti   </span>La voce risulta cos\u00ec<span class=\"_ _0\"></span> composta: 01.01.2021 Variazioni 31.12.2021 Partecipazioni in imprese controllate  55 <span class=\"ls0\"> </span> -  55 <span class=\"ls0\"> </span>Partecipazioni in altre imprese (FVTOCI) 4.519   (29)  4.490  Investimenti in strumenti rappresentativi di 314.883  239.822  554.705  capitale (FVTOCI) Totale 319.457  239.793  559.250  01.01.2022 Variazioni 31.12.2022 Partecipazioni in imprese controllate 55 <span class=\"ls0\"> </span>3 <span class=\"ls0\"> </span>58 <span class=\"ls0\"> </span>Partecipazioni in altre imprese (FVTOCI) 4.490  43 <span class=\"ls0\"> </span>4.533  Investimenti in strumenti rappresentativi di 554.705  2.770  557.475  capitale (FVTOCI) Titoli a reddito fisso (Costo ammortizzato)  -  25.399  25.399  Totale 559.250  28.214  587.464  a)<span class=\"ls0\"> <span class=\"_ _20\"> </span>Partecipazioni in imp<span class=\"_ _0\"></span>rese controll<span class=\"_ _0\"></span>ate  </span>Le partecipazioni in imprese controllate non consoli<span class=\"_ _0\"></span>date riguardano societ\u00e0 consortili che <span class=\"_ _a\"></span><span class=\"ff6\">funzion<span class=\"_ _0\"></span>ano <span class=\"_ _a\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>sistema<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>\u201cribaltamento <span class=\"_ _5\"></span>costi\u201d <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>non <span class=\"_ _a\"></span>sono <span class=\"_ _5\"></span>significative <span class=\"_ _5\"></span>ai <span class=\"_ _a\"></span>fini <span class=\"_ _5\"></span>della </span>rappresentazione econo<span class=\"_ _0\"></span>mica, finanzi<span class=\"_ _0\"></span>aria e patrim<span class=\"_ _0\"></span>oniale del Gruppo<span class=\"_ _0\"></span>. Partecipazioni in<span class=\"_ _0\"></span> imprese contr<span class=\"_ _0\"></span>ollate<span class=\"_ _0\"></span>  01.01.2021 Incrementi/ (De<span class=\"_ _0\"></span>crementi) 31.12.2021 % <span class=\"ls0\">possesso </span>Consorzio del S<span class=\"_ _0\"></span>inni Scarl  <span class=\"ls12\">8 </span>  <span class=\"ls12\">8 </span> 40,96% San Benedetto <span class=\"_ _0\"></span>Scarl  <span class=\"ls12\">1 </span>  <span class=\"ls12\">1 </span> 54,00% Metrofc Scarl  <span class=\"ls12\">14 </span>  <span class=\"ls12\">14 </span> 70,00% CMV Scarl  <span class=\"ls12\">28 </span>  <span class=\"ls12\">28 </span> 55,28% Altre minori  <span class=\"ls12\">4 </span>  <span class=\"ls12\">4 </span> Totale  <span class=\"ls12\">55 </span>  -   <span class=\"ls12\">55 </span> Partecipazioni in<span class=\"_ _0\"></span> imprese contr<span class=\"_ _0\"></span>ollate<span class=\"_ _0\"></span>  01.01.2022 Incrementi/ (De<span class=\"_ _0\"></span>crementi) 31.12.2022 % possesso Consorzio del S<span class=\"_ _0\"></span>inni Scarl  <span class=\"ls12\">8 </span>  <span class=\"ls12\">8 </span> 40,96% San Benedetto <span class=\"_ _0\"></span>Scarl  <span class=\"ls12\">1 </span>  <span class=\"ls1c\">(1) </span>  -  Metrofc Scarl  <span class=\"ls12\">14 </span>  <span class=\"ls12\">14 </span> 70,00% CMV Scarl  <span class=\"ls12\">28 </span>  <span class=\"ls12\">28 </span> 55,28% Sidrica Scarl  -   <span class=\"ls12\">4 </span>  <span class=\"ls12\">4 </span> 80,00% Altre minori  <span class=\"ls12\">4 </span>  <span class=\"ls12\">4 </span> Totale  <span class=\"ls12\">55 </span>  <span class=\"ls12\">3 </span>  <span class=\"ls12\">58 </span> b)<span class=\"ls0\"> <span class=\"_ _8\"> </span>Part<span class=\"_ _1\"></span>ecipazioni<span class=\"_ _0\"></span> in altre imprese  </span>Il dettaglio dell<span class=\"_ _0\"></span>e partecipazioni<span class=\"_ _0\"></span> \u00e8 il seguente: Partecipazioni in<span class=\"_ _0\"></span> altre imprese<span class=\"_ _0\"></span>  01.01.2021 Incrementi/ (De<span class=\"_ _0\"></span>crementi) 31.12.2021 % <span class=\"ls0\">possesso </span>CONSORZIO IR<span class=\"_ _0\"></span>ICAV UNO  <span class=\"ls12\">72 </span>  -   <span class=\"ls12\">72 </span> 16,28% IGEI S.P.A.  In Liqu<span class=\"_ _0\"></span>idazione<span class=\"_ _0\"></span>  <span class=\"ls12\">194 </span>  <span class=\"ls1c\">(19) </span>  <span class=\"ls12\">175 </span> 9,60% IRINA Srl  <span class=\"ls12\">86 </span>  -   <span class=\"ls12\">86 </span> 14,10% ACQUE BLU ARN<span class=\"_ _0\"></span>O BASSO S<span class=\"_ _0\"></span>PA  1.903   -   1.903  10%<span class=\"ls0\"> </span>METROPOLITAN<span class=\"_ _0\"></span>A DI NAPOLI  <span class=\"ls12\">958 </span>  -   <span class=\"ls12\">958 </span> 18,12% ANSA  1.198   -   1.198  6,71% ALTRE MINORI<span class=\"_ _0\"></span>  <span class=\"ls12\">107 </span>  <span class=\"ls1c\">(10) </span>  <span class=\"ls12\">97 </span> Totale  4.519   <span class=\"ls1c\">(29) </span>  4.490  Partecipazioni in<span class=\"_ _0\"></span> altre imprese<span class=\"_ _0\"></span>  01.01.2022 Incrementi/ (De<span class=\"_ _0\"></span>crementi) 31.12.2022 % possesso<span class=\"_ _0\"></span> CONSORZIO IR<span class=\"_ _0\"></span>ICAV UNO  <span class=\"ls12\">72 </span>  <span class=\"ls12\">72 </span> 16,28% IGEI S.P.A.  In Liqu<span class=\"_ _0\"></span>idazione<span class=\"_ _0\"></span>  <span class=\"ls12\">175 </span>  <span class=\"ls12\">175 </span> 9,60% IRINA Srl  <span class=\"ls12\">86 </span>  <span class=\"ls12\">86 </span> 14,10% ACQUE BLU ARN<span class=\"_ _0\"></span>O BASSO S<span class=\"_ _0\"></span>PA  1.903   1.903  10%<span class=\"ls0\"> </span>METROPOLITAN<span class=\"_ _0\"></span>A DI NAPOLI  <span class=\"ls12\">958 </span>  <span class=\"ls12\">958 </span> 18,12% ANSA  1.198   1.198  6,71% ALTRE MINORI<span class=\"_ _0\"></span>  <span class=\"ls12\">97 </span>  <span class=\"ls12\">43 </span>  <span class=\"ls12\">140 </span> Totale  4.490   <span class=\"ls12\">43 </span>  4.533  c) <span class=\"_ _2\"> </span>Investimenti in<span class=\"_ _0\"></span> strumenti rappresen<span class=\"_ _0\"></span>tativi di capi<span class=\"_ _0\"></span>tale Investimenti in strumenti Acquisti/ Valutazione al fair 01.01.2021 31.12.2021 rappresentativi di capitale (Cessioni) value Acea SpA  55.326   -   5.194   60.520  Assicurazioni Generali SpA  245.272   82.989   85.325   413.586  Atlantia SpA  -   46.785   2.075   48.860  Enel SpA  12.414   (11.789)   (625)   -  Italgas SpA  -   6.758   <span class=\"ls1\">502 </span>  7.260  Poste Italiane SpA  -   22.109   2.125   24.234  Suez SA  1.622   (1.517)   (105)   -  Altre minori  <span class=\"ls1\">250 </span>  (6)   <span class=\"ls1\">1 </span>  <span class=\"ls1\">245 </span> Totale  314.884   145.329   94.492   554.705  Investimenti in strumenti Acquisti/ Valutazione al fair 01.01.2022 31.12.2022 rappresentativi di capitale (Cessioni) value Acea SpA  60.520   29.354   (17.522)   72.352  Assicurazioni Generali SpA  413.586   (4.833)   (47.377)   361.376  Atlantia SpA  48.860   (46.785)   (2.075)   -  Azimut SpA  -   5.921   <span class=\"ls1\">358 </span>  6.279  Italgas SpA  7.260   -   (1.032)   6.228  Mediobanca SpA  -   87.577   (4.924)   82.653  Poste Italiane SpA  24.234   8.304   (4.247)   28.291  Altre minori  <span class=\"ls1\">245 </span>  <span class=\"ls1\">50 </span>  <span class=\"ls1\">1 </span>  <span class=\"ls1\">296 </span> Totale  554.705   79.588   (76.818)   557.475  Acquisti/ Numero di azioni 01.01.2021 31.12.2021 (Cessioni) Acea SpA 3.226.000 3.226.000 Assicurazioni Generali SpA 17.200.000 5.000.000 22.200.000 Atlantia SpA - 2.800.000 2.800.000 Enel SpA 1.500.000 (1.500.000) - Italgas SpA - 1.200.000 1.200.000 Poste Italiane SpA - 2.100.000 2.100.000 Suez SA 100.000 (100.000) - Acquisti/ 01.01.2022 31.12.2022 (Cessioni) Acea SpA 3.226.000 2.374.000 5.600.000 Assicurazioni Generali SpA 22.200.000 (450.000) 21.750.000 Atlantia SpA 2.800.000 (2.800.000) - Azimut SpA - 300.000 300.000 Italgas SpA 1.200.000 - 1.200.000 Mediobanca SpA - 9.200.000 9.200.000 Poste Italiane SpA 2.100.000 1.000.000 3.100.000 La valutazione <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span><span class=\"ff7\">fair <span class=\"_ _1\"></span>value</span> di <span class=\"_ _1\"></span>tali <span class=\"_ _1\"></span>strumenti di <span class=\"_ _1\"></span>capitale <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 dicembre <span class=\"_ _4\"></span><span class=\"ls2\">20</span>22 ha <span class=\"_ _1\"></span>avuto come <span class=\"_\"> </span>con<span class=\"_ _0\"></span>tropartita, <span class=\"_ _b\"> </span>attraverso <span class=\"_ _b\"> </span>il <span class=\"_\"> </span>Conto <span class=\"_ _b\"> </span>Econo<span class=\"_ _0\"></span>mico <span class=\"_\"> </span>C<span class=\"_ _0\"></span>omplessivo, <span class=\"_\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_\"> </span>s<span class=\"_ _0\"></span>pecifica <span class=\"_ _b\"> </span>riserva <span class=\"_\"> </span>di<span class=\"_ _0\"></span> Patrimonio Netto<span class=\"_ _0\"></span><span class=\"ls9\">. <span class=\"ls0\">   </span></span>Di seguito viene <span class=\"_ _0\"></span>riportata la variazi<span class=\"_ _0\"></span>one della ri<span class=\"_ _0\"></span>serva <span class=\"ff7\">fair value: </span>Incrementi / 01.01.2021 31.12.2021 (decrementi) Riserva Fair Value  25.246   94.492   119.738  Effetto fiscale  (345)   (5.625)   (5.970)  Riserva Fair Value al netto dell\u2019effetto fiscale<span class=\"ff1\"> </span> 24.901   88.867   113.768  di cui quota Gruppo  26.870   68.398   95.268  Incrementi / 01.01.2022 31.12.2022 (decrementi) Riserva Fair Value  119.738   (76.818)   42.920  Effetto fiscale  (5.970)   4.669   (1.301)  Riserva Fair Value al netto dell\u2019effetto fiscale<span class=\"ff1\"> </span> 113.768   (72.149)   41.619  di cui quota Gruppo  95.268   (56.793)   38.475  Relativamente <span class=\"_ _14\"> </span>all\u2019informativa <span class=\"_ _14\"> </span>richiesta <span class=\"_ _b\"> </span>dall\u2019<span class=\"_ _0\"></span>IFRS <span class=\"_ _b\"> </span>13<span class=\"ls0\">, <span class=\"_ _b\"> </span>in <span class=\"_ _14\"> </span>riferimento <span class=\"_ _14\"> </span>alla <span class=\"_ _14\"> </span>cosiddetta </span>\u201cgerarchia <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span><span class=\"ff7\">f<span class=\"_ _1\"></span>air <span class=\"_ _a\"></span>value</span>\u201d, <span class=\"_ _a\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>rileva <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>azioni <span class=\"_ _5\"></span>disponibili <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>ve<span class=\"ff2\">ndita <span class=\"_ _a\"></span>appartengono <span class=\"_ _a\"></span>al<span class=\"_ _0\"></span> </span>livello 1, trattando<span class=\"_ _0\"></span>si di strumenti <span class=\"_ _0\"></span>finanziari quo<span class=\"_ _0\"></span>tati in un merca<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>attivo.<span class=\"_ _0\"></span> Il <span class=\"ff7\">fair value </span>dei Ti<span class=\"_ _0\"></span>toli a reddito fisso<span class=\"_ _0\"></span> al 31 dicembre 2022 \u00e8 pari<span class=\"_ _0\"></span> ad Euro 24<span class=\"_ _0\"></span>,9 milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__77": {
   "value": "7.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Attivit\u00e0 finanz<span class=\"_ _0\"></span>iarie non co<span class=\"_ _0\"></span>rrenti </span> <span class=\"_ _32\"> </span> <span class=\"_ _17\"></span>La <span class=\"_ _1\"></span>voce, <span class=\"_ _4\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span><span class=\"ls2\">296</span> <span class=\"_ _4\"></span>mila <span class=\"_ _1\"></span><span class=\"ls2\">di</span> <span class=\"_ _4\"></span>Euro, <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>costituita <span class=\"_ _4\"></span>princi<span class=\"_ _0\"></span>palmente <span class=\"_ _4\"></span>da <span class=\"_ _1\"></span>un <span class=\"_ _4\"></span>risconto <span class=\"_ _1\"></span>attivo <span class=\"_ _1\"></span>su oneri accessori ad<span class=\"_ _0\"></span> un finanziamento<span class=\"_ _0\"></span> acceso dall<span class=\"_ _0\"></span>a Cementir Holdi<span class=\"_ _0\"></span>ng.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__76-1": {
   "value": "7.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Attivit\u00e0 finanz<span class=\"_ _0\"></span>iarie non co<span class=\"_ _0\"></span>rrenti </span> <span class=\"_ _32\"> </span> <span class=\"_ _17\"></span>La <span class=\"_ _1\"></span>voce, <span class=\"_ _4\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span><span class=\"ls2\">296</span> <span class=\"_ _4\"></span>mila <span class=\"_ _1\"></span><span class=\"ls2\">di</span> <span class=\"_ _4\"></span>Euro, <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>costituita <span class=\"_ _4\"></span>princi<span class=\"_ _0\"></span>palmente <span class=\"_ _4\"></span>da <span class=\"_ _1\"></span>un <span class=\"_ _4\"></span>risconto <span class=\"_ _1\"></span>attivo <span class=\"_ _1\"></span>su oneri accessori ad<span class=\"_ _0\"></span> un finanziamento<span class=\"_ _0\"></span> acceso dall<span class=\"_ _0\"></span>a Cementir Holdi<span class=\"_ _0\"></span>ng.8.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Altre attivit\u00e0<span class=\"_ _0\"></span> non corre<span class=\"_ _0\"></span>nti </span> <span class=\"_ _3c\"> </span> <span class=\"_ _33\"> </span>La <span class=\"_ _17\"> </span>voce, <span class=\"_ _19\"> </span>pari <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>2,9 <span class=\"_ _19\"> </span>milioni <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>Euro<span class=\"ls9\">, <span class=\"_ _19\"> </span></span>si <span class=\"_ _19\"> </span>riferisce <span class=\"_ _17\"></span>principalmente <span class=\"_ _19\"> </span>a <span class=\"_ _17\"> </span>crediti <span class=\"_ _17\"> </span>per <span class=\"_ _19\"> </span>I<span class=\"_ _1\"></span>VA <span class=\"_ _17\"></span>e depositi cauzional<span class=\"_ _0\"></span>i, relativi al Gruppo<span class=\"_ _0\"></span> Cementir H<span class=\"_ _0\"></span>olding.15.<span class=\"ls0\"> <span class=\"_ _0\"></span>Altre attiv<span class=\"_ _0\"></span>it\u00e0 correnti </span>La voce \u00e8 cos\u00ec compos<span class=\"_ _0\"></span>ta: 31.12.2022 31.12.2021 Crediti verso il personale 184 <span class=\"ls0\"> </span>237 <span class=\"ls0\"> </span>Crediti verso imprese correlate 722 <span class=\"ls0\"> </span>16 <span class=\"ls0\"> </span>Crediti per IVA 5.646  5.378  Crediti verso altri 11.989  13.066  Ratei attivi  491 <span class=\"ls0\"> </span>217 <span class=\"ls0\"> </span>Risconti attivi 4.903  4.682  Totale altre attivit\u00e0  23.936  23.596  I <span class=\"_ _4\"></span>risconti <span class=\"_ _4\"></span>attivi <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>relativi <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>quote <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>costi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>competenza <span class=\"_ _4\"></span>dell\u2019esercizio <span class=\"_ _1\"></span>successivo per assicurazioni<span class=\"_ _0\"></span> ed altri costi comuni<span class=\"_ _0\"></span> a due o pi\u00f9 <span class=\"_ _0\"></span>esercizi. Non esistono crediti<span class=\"_ _0\"></span> con esigi<span class=\"_ _0\"></span>bilit\u00e0 superiore all<span class=\"_ _0\"></span>\u2019esercizio.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__79": {
   "value": "8.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Altre attivit\u00e0<span class=\"_ _0\"></span> non corre<span class=\"_ _0\"></span>nti </span> <span class=\"_ _3c\"> </span> <span class=\"_ _33\"> </span>La <span class=\"_ _17\"> </span>voce, <span class=\"_ _19\"> </span>pari <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>2,9 <span class=\"_ _19\"> </span>milioni <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>Euro<span class=\"ls9\">, <span class=\"_ _19\"> </span></span>si <span class=\"_ _19\"> </span>riferisce <span class=\"_ _17\"></span>principalmente <span class=\"_ _19\"> </span>a <span class=\"_ _17\"> </span>crediti <span class=\"_ _17\"> </span>per <span class=\"_ _19\"> </span>I<span class=\"_ _1\"></span>VA <span class=\"_ _17\"></span>e depositi cauzional<span class=\"_ _0\"></span>i, relativi al Gruppo<span class=\"_ _0\"></span> Cementir H<span class=\"_ _0\"></span>olding.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__81-1": {
   "value": "9.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Imposte differi<span class=\"_ _0\"></span>te e impos<span class=\"_ _0\"></span>te correnti  </span> <span class=\"_ _3d\"> </span>Le <span class=\"_ _17\"></span>imposte <span class=\"_ _17\"></span>differite <span class=\"_ _a\"></span>sono <span class=\"_ _17\"></span>riferite <span class=\"_ _17\"> </span>a <span class=\"_ _17\"></span>differenze <span class=\"_ _a\"></span>temporanee <span class=\"_ _a\"></span>tr<span class=\"_ _1\"></span>a <span class=\"_ _17\"></span>i <span class=\"_ _17\"></span>valori <span class=\"_ _17\"></span>di <span class=\"_ _a\"></span>Bilancio <span class=\"_ _a\"></span>e <span class=\"_ _19\"> </span>i corrispondenti val<span class=\"_ _0\"></span>ori fiscal<span class=\"_ _0\"></span>mente riconosciuti.<span class=\"_ _0\"></span>   <span class=\"_ _3d\"> </span>Di seguito viene <span class=\"_ _0\"></span>fornita la movi<span class=\"_ _0\"></span>mentazione del<span class=\"_ _0\"></span>le Imposte Di<span class=\"_ _0\"></span>fferite Attive e <span class=\"_ _0\"></span>Passive: Accantonamenti<span class=\"_ _0\"></span> al netto degl<span class=\"_ _0\"></span>i Altre 01.01.2021 31.12.2021 utilizzi a conto eco<span class=\"_ _0\"></span>nomico  variazioni Imposte diffe<span class=\"_ _0\"></span>rite attive Perdite fiscali a nuo<span class=\"_ _0\"></span>vo  73.220   4.529   (1.096)   76.653  Differenze su<span class=\"_ _0\"></span> attivit\u00e0 material<span class=\"_ _0\"></span>i  <span class=\"ls12\">79 </span>  -   <span class=\"ls1c\">(348) </span>  <span class=\"ls1c\">(269) </span> Fondo per rischi e<span class=\"_ _0\"></span> oneri  3.455   <span class=\"ls1c\">(24) </span>  <span class=\"ls1c\">(472) </span>  2.959  Svalutazione credi<span class=\"_ _0\"></span>ti  1.498   <span class=\"ls1c\">(196) </span>  1.302  Altri  63.398   1.549   (1.674)   63.273  Totale   141.650   5.858   (3.590)   143.918  Imposte diffe<span class=\"_ _0\"></span>rite passive Fair value attivit\u00e0<span class=\"_ _0\"></span> immat. e materia<span class=\"_ _0\"></span>li  3.458   <span class=\"ls1c\">(128) </span>  -   3.330  Fair value in<span class=\"_ _0\"></span>vestimenti immobi<span class=\"_ _0\"></span>liari  8.489   (7.217)   -   1.272  Differenze ammor<span class=\"_ _0\"></span>tamenti contab<span class=\"_ _0\"></span>ili  124.389   (10.821)   <span class=\"ls1c\">(69) </span>  113.499  Rivalutazione impian<span class=\"_ _0\"></span>ti  11.286   <span class=\"ls1c\">(582) </span>  (2.633)   8.071  Altri  27.716   3.003   8.603   39.322  Totale  175.338   (15.745)   5.901   165.494  Valore netto per<span class=\"_ _0\"></span> imposte d<span class=\"_ _0\"></span>ifferite  (33.688)   21.603   (9.491)   (21.576)  Accantonamenti<span class=\"_ _0\"></span> al netto degl<span class=\"_ _0\"></span>i Altre 01.01.2022 31.12.2022 utilizzi a conto eco<span class=\"_ _0\"></span>nomico  variazioni Imposte diffe<span class=\"_ _0\"></span>rite attive Perdite fiscali a nuo<span class=\"_ _0\"></span>vo  76.653   (1.060)   <span class=\"ls12\">441 </span>  76.034  Differenze su<span class=\"_ _0\"></span> attivit\u00e0 material<span class=\"_ _0\"></span>i  <span class=\"ls1c\">(269) </span>  7.751   <span class=\"ls1c\">(123) </span>  7.359  Fondo per rischi e<span class=\"_ _0\"></span> oneri  2.959   <span class=\"ls12\">563 </span>  <span class=\"ls1c\">(198) </span>  3.324  Svalutazione credi<span class=\"_ _0\"></span>ti  1.302   <span class=\"ls1c\">(266) </span>  -   1.036  Rivalutazione mon<span class=\"_ _0\"></span>etaria IAS 29  -   -   (10.186)   (10.186)  Altri  63.273   <span class=\"ls12\">931 </span>  (6.262)   57.942  Totale   143.918   7.918   (16.328)   135.508  Imposte diffe<span class=\"_ _0\"></span>rite passive Fair value attivit\u00e0<span class=\"_ _0\"></span> immat. e materia<span class=\"_ _0\"></span>li  3.330   <span class=\"ls1c\">(128) </span>  -   3.202  Fair value in<span class=\"_ _0\"></span>vestimenti immobi<span class=\"_ _0\"></span>liari  1.272   1.608   <span class=\"ls12\">212 </span>  3.092  Differenze ammor<span class=\"_ _0\"></span>tamenti contab<span class=\"_ _0\"></span>ili  113.499   (2.760)   (1.412)   109.327  Rivalutazione impian<span class=\"_ _0\"></span>ti  8.071   <span class=\"ls12\">714 </span>  <span class=\"ls1c\">(431) </span>  8.354  Rivalutazione mon<span class=\"_ _0\"></span>etaria IAS 29  -   3.654   15.528   19.182  Altri  39.322   8.101   (6.032)   41.391  Totale  165.494   11.189   7.865   184.548  Valore netto per<span class=\"_ _0\"></span> imposte d<span class=\"_ _0\"></span>ifferite  (21.576)   (3.271)   (24.193)   (49.040)  Tenuto <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>prese<span class=\"_ _0\"></span>nza <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>differenze<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tempora<span class=\"_ _0\"></span>nee <span class=\"_ _3\"></span>imponibili <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>piani previsionali<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>r<span class=\"_ _1\"></span>itiene <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Gr<span class=\"_ _1\"></span>uppo <span class=\"_ _5\"></span>avr\u00e0, <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>corso <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>prossimi <span class=\"_ _a\"></span>ese<span class=\"_ _0\"></span>rcizi, <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>edditi <span class=\"_ _5\"></span>imponibili sufficienti <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>poter <span class=\"_ _4\"></span>recu<span class=\"_ _0\"></span>perare <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>imposte <span class=\"_ _4\"></span>differite <span class=\"_ _4\"></span>attive <span class=\"_ _4\"></span>presenti <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>bilancio <span class=\"_ _4\"></span>al 31 dicembre 2022<span class=\"_ _0\"></span>. I <span class=\"_ _16\"> </span>Debiti <span class=\"_ _19\"> </span>per <span class=\"_ _16\"> </span>imposte <span class=\"_ _19\"> </span>correnti <span class=\"_ _16\"> </span>includono <span class=\"_ _19\"> </span>le <span class=\"_ _16\"> </span>imposte <span class=\"_ _16\"> </span>sul <span class=\"_ _19\"> </span>reddito <span class=\"_ _19\"> </span>maturate <span class=\"_ _19\"> </span>nel <span class=\"_ _16\"> </span>corso dell\u2019eserci<span class=\"_ _0\"></span>zio e sono pari a <span class=\"ff2\">18,5 mil<span class=\"_ _0\"></span>ioni di euro (1<span class=\"_ _0\"></span><span class=\"ls2\">6,<span class=\"ls0\">6 milioni di euro al 31<span class=\"_ _0\"></span> dicembre 2021<span class=\"lsc\">).</span> </span></span></span>            Le impos<span class=\"_ _0\"></span>te sul <span class=\"ff6\">reddito dell<span class=\"_ _0\"></span>\u2019esercizio sono <span class=\"_ _0\"></span>cos\u00ec composte:<span class=\"ff2\"> </span></span>31.12.2022 31.12.2021 Imposte sul red<span class=\"_ _0\"></span>dito  47.061   42.958  IRAP  <span class=\"ls12\">464 </span>  <span class=\"ls12\">840 </span> Imposte relative<span class=\"_ _0\"></span> ad esercizi<span class=\"_ _0\"></span> preceden<span class=\"_ _0\"></span>ti  <span class=\"ls12\">789 </span>  10.265  Imposta sostituti<span class=\"_ _0\"></span>va da riallineamen<span class=\"_ _0\"></span>to  -   1.905  Imposte corrent<span class=\"_ _0\"></span>i  48.313   55.968  Accantonamen<span class=\"_ _0\"></span>to imposte differi<span class=\"_ _0\"></span>te passive  20.856   9.479  Utilizzo impo<span class=\"_ _0\"></span>ste differite pa<span class=\"_ _0\"></span>ssive  (9.655)   (25.204)  Variazione aliquo<span class=\"_ _0\"></span>ta  <span class=\"ls1c\">(11) </span>  <span class=\"ls1c\">(21) </span> Imposte diffe<span class=\"_ _0\"></span>rite passive  11.189   (15.745)  Accertamento i<span class=\"_ _0\"></span>mposte differite at<span class=\"_ _0\"></span>tive  (20.745)   (13.062)  Utilizzo impo<span class=\"_ _0\"></span>ste differite att<span class=\"_ _0\"></span>ive  12.668   7.413  Variazione aliquo<span class=\"_ _0\"></span>ta  <span class=\"ls12\">159 </span>  <span class=\"ls1c\">(208) </span> Imposte diffe<span class=\"_ _0\"></span>rite attive  (7.918)   (5.858)  Totale imposte<span class=\"_ _0\"></span>  51.585   34.365  Totale imposta IRE<span class=\"_ _0\"></span>S corrente e dif<span class=\"_ _0\"></span>ferita  50.290   22.373  Totale imposta IRA<span class=\"_ _0\"></span>P corrente e di<span class=\"_ _0\"></span>fferita  <span class=\"ls12\">506 </span>  <span class=\"ls1c\">(177) </span> Imposte relative<span class=\"_ _0\"></span> ad esercizi<span class=\"_ _0\"></span> preceden<span class=\"_ _0\"></span>ti  <span class=\"ls12\">789 </span>  10.265  Imposta sostituti<span class=\"_ _0\"></span>va da riallineamen<span class=\"_ _0\"></span>to  -   1.905  Totale imposte<span class=\"_ _0\"></span>  51.585   34.365  L\u2019analisi<span class=\"_ _0\"></span> della <span class=\"ff2\">differenza tra ali<span class=\"_ _0\"></span>quota fiscale IRES<span class=\"_ _0\"></span> effettiva e quell<span class=\"_ _0\"></span>a teorica \u00e8 la segue<span class=\"_ _0\"></span>nte: </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>aliquota aliquota Imponibile Imposta Imponibile Imposta effettiva effettiva Risultato ante<span class=\"_ _0\"></span> imposte  268.972   64.553  24,0%  218.333   52.400  24,0% Differenze permane<span class=\"_ _0\"></span>nti in aume<span class=\"_ _0\"></span>nto (diminuzione): Dividendi  (9.834)   (8.849)  Risultato valuta<span class=\"_ _0\"></span>zione ad equ<span class=\"_ _0\"></span>ity  (1.336)   (1.788)  Riallineamenti valori <span class=\"_ _1\"></span>civilistici <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>fiscali <span class=\"_ _1\"></span>attivit\u00e0  -  immateriali a vita inde<span class=\"_ _0\"></span>finita (17.091)  Adeguamento al<span class=\"_ _0\"></span>iquota  <span class=\"ls12\">147 </span>  <span class=\"ls1c\">(229) </span> Altre variazioni per<span class=\"_ _0\"></span>manenti  (3.240)   (2.070)  Totale Ires corrente<span class=\"_ _0\"></span> e differita<span class=\"_ _0\"></span>  50.290  18,7%  22.373  10,2%14.<span class=\"ls0\"> <span class=\"_ _0\"></span>Attivit\u00e0 per<span class=\"_ _0\"></span> imposte co<span class=\"_ _0\"></span>rrenti </span>La <span class=\"_ _1\"></span>voce, <span class=\"_ _4\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>circa <span class=\"_ _4\"></span><span class=\"ls2\">10</span>,2 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>Euro<span class=\"ls9\">, <span class=\"_ _1\"></span></span>\u00e8 <span class=\"_ _1\"></span>costituita <span class=\"_ _1\"></span>da <span class=\"_ _4\"></span>imposte <span class=\"_ _1\"></span>chieste <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>rimborso<span class=\"_ _3\"></span> da alcune societ\u00e0 con<span class=\"_ _0\"></span>trollate <span class=\"ff6\">e da al<span class=\"_ _0\"></span>tri crediti vers<span class=\"_ _0\"></span>o l\u2019Erario di varia natu<span class=\"_ _0\"></span>ra<span class=\"ff2\">. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__80-1": {
   "value": "9.<span class=\"ls0\"> <span class=\"_ _2\"> </span>Imposte differi<span class=\"_ _0\"></span>te e impos<span class=\"_ _0\"></span>te correnti  </span> <span class=\"_ _3d\"> </span>Le <span class=\"_ _17\"></span>imposte <span class=\"_ _17\"></span>differite <span class=\"_ _a\"></span>sono <span class=\"_ _17\"></span>riferite <span class=\"_ _17\"> </span>a <span class=\"_ _17\"></span>differenze <span class=\"_ _a\"></span>temporanee <span class=\"_ _a\"></span>tr<span class=\"_ _1\"></span>a <span class=\"_ _17\"></span>i <span class=\"_ _17\"></span>valori <span class=\"_ _17\"></span>di <span class=\"_ _a\"></span>Bilancio <span class=\"_ _a\"></span>e <span class=\"_ _19\"> </span>i corrispondenti val<span class=\"_ _0\"></span>ori fiscal<span class=\"_ _0\"></span>mente riconosciuti.<span class=\"_ _0\"></span>   <span class=\"_ _3d\"> </span>Di seguito viene <span class=\"_ _0\"></span>fornita la movi<span class=\"_ _0\"></span>mentazione del<span class=\"_ _0\"></span>le Imposte Di<span class=\"_ _0\"></span>fferite Attive e <span class=\"_ _0\"></span>Passive: Accantonamenti<span class=\"_ _0\"></span> al netto degl<span class=\"_ _0\"></span>i Altre 01.01.2021 31.12.2021 utilizzi a conto eco<span class=\"_ _0\"></span>nomico  variazioni Imposte diffe<span class=\"_ _0\"></span>rite attive Perdite fiscali a nuo<span class=\"_ _0\"></span>vo  73.220   4.529   (1.096)   76.653  Differenze su<span class=\"_ _0\"></span> attivit\u00e0 material<span class=\"_ _0\"></span>i  <span class=\"ls12\">79 </span>  -   <span class=\"ls1c\">(348) </span>  <span class=\"ls1c\">(269) </span> Fondo per rischi e<span class=\"_ _0\"></span> oneri  3.455   <span class=\"ls1c\">(24) </span>  <span class=\"ls1c\">(472) </span>  2.959  Svalutazione credi<span class=\"_ _0\"></span>ti  1.498   <span class=\"ls1c\">(196) </span>  1.302  Altri  63.398   1.549   (1.674)   63.273  Totale   141.650   5.858   (3.590)   143.918  Imposte diffe<span class=\"_ _0\"></span>rite passive Fair value attivit\u00e0<span class=\"_ _0\"></span> immat. e materia<span class=\"_ _0\"></span>li  3.458   <span class=\"ls1c\">(128) </span>  -   3.330  Fair value in<span class=\"_ _0\"></span>vestimenti immobi<span class=\"_ _0\"></span>liari  8.489   (7.217)   -   1.272  Differenze ammor<span class=\"_ _0\"></span>tamenti contab<span class=\"_ _0\"></span>ili  124.389   (10.821)   <span class=\"ls1c\">(69) </span>  113.499  Rivalutazione impian<span class=\"_ _0\"></span>ti  11.286   <span class=\"ls1c\">(582) </span>  (2.633)   8.071  Altri  27.716   3.003   8.603   39.322  Totale  175.338   (15.745)   5.901   165.494  Valore netto per<span class=\"_ _0\"></span> imposte d<span class=\"_ _0\"></span>ifferite  (33.688)   21.603   (9.491)   (21.576)  Accantonamenti<span class=\"_ _0\"></span> al netto degl<span class=\"_ _0\"></span>i Altre 01.01.2022 31.12.2022 utilizzi a conto eco<span class=\"_ _0\"></span>nomico  variazioni Imposte diffe<span class=\"_ _0\"></span>rite attive Perdite fiscali a nuo<span class=\"_ _0\"></span>vo  76.653   (1.060)   <span class=\"ls12\">441 </span>  76.034  Differenze su<span class=\"_ _0\"></span> attivit\u00e0 material<span class=\"_ _0\"></span>i  <span class=\"ls1c\">(269) </span>  7.751   <span class=\"ls1c\">(123) </span>  7.359  Fondo per rischi e<span class=\"_ _0\"></span> oneri  2.959   <span class=\"ls12\">563 </span>  <span class=\"ls1c\">(198) </span>  3.324  Svalutazione credi<span class=\"_ _0\"></span>ti  1.302   <span class=\"ls1c\">(266) </span>  -   1.036  Rivalutazione mon<span class=\"_ _0\"></span>etaria IAS 29  -   -   (10.186)   (10.186)  Altri  63.273   <span class=\"ls12\">931 </span>  (6.262)   57.942  Totale   143.918   7.918   (16.328)   135.508  Imposte diffe<span class=\"_ _0\"></span>rite passive Fair value attivit\u00e0<span class=\"_ _0\"></span> immat. e materia<span class=\"_ _0\"></span>li  3.330   <span class=\"ls1c\">(128) </span>  -   3.202  Fair value in<span class=\"_ _0\"></span>vestimenti immobi<span class=\"_ _0\"></span>liari  1.272   1.608   <span class=\"ls12\">212 </span>  3.092  Differenze ammor<span class=\"_ _0\"></span>tamenti contab<span class=\"_ _0\"></span>ili  113.499   (2.760)   (1.412)   109.327  Rivalutazione impian<span class=\"_ _0\"></span>ti  8.071   <span class=\"ls12\">714 </span>  <span class=\"ls1c\">(431) </span>  8.354  Rivalutazione mon<span class=\"_ _0\"></span>etaria IAS 29  -   3.654   15.528   19.182  Altri  39.322   8.101   (6.032)   41.391  Totale  165.494   11.189   7.865   184.548  Valore netto per<span class=\"_ _0\"></span> imposte d<span class=\"_ _0\"></span>ifferite  (21.576)   (3.271)   (24.193)   (49.040)  Tenuto <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>prese<span class=\"_ _0\"></span>nza <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>differenze<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tempora<span class=\"_ _0\"></span>nee <span class=\"_ _3\"></span>imponibili <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>piani previsionali<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>r<span class=\"_ _1\"></span>itiene <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Gr<span class=\"_ _1\"></span>uppo <span class=\"_ _5\"></span>avr\u00e0, <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>corso <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>prossimi <span class=\"_ _a\"></span>ese<span class=\"_ _0\"></span>rcizi, <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>edditi <span class=\"_ _5\"></span>imponibili sufficienti <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>poter <span class=\"_ _4\"></span>recu<span class=\"_ _0\"></span>perare <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>imposte <span class=\"_ _4\"></span>differite <span class=\"_ _4\"></span>attive <span class=\"_ _4\"></span>presenti <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>bilancio <span class=\"_ _4\"></span>al 31 dicembre 2022<span class=\"_ _0\"></span>. I <span class=\"_ _16\"> </span>Debiti <span class=\"_ _19\"> </span>per <span class=\"_ _16\"> </span>imposte <span class=\"_ _19\"> </span>correnti <span class=\"_ _16\"> </span>includono <span class=\"_ _19\"> </span>le <span class=\"_ _16\"> </span>imposte <span class=\"_ _16\"> </span>sul <span class=\"_ _19\"> </span>reddito <span class=\"_ _19\"> </span>maturate <span class=\"_ _19\"> </span>nel <span class=\"_ _16\"> </span>corso dell\u2019eserci<span class=\"_ _0\"></span>zio e sono pari a <span class=\"ff2\">18,5 mil<span class=\"_ _0\"></span>ioni di euro (1<span class=\"_ _0\"></span><span class=\"ls2\">6,<span class=\"ls0\">6 milioni di euro al 31<span class=\"_ _0\"></span> dicembre 2021<span class=\"lsc\">).</span> </span></span></span>            Le impos<span class=\"_ _0\"></span>te sul <span class=\"ff6\">reddito dell<span class=\"_ _0\"></span>\u2019esercizio sono <span class=\"_ _0\"></span>cos\u00ec composte:<span class=\"ff2\"> </span></span>31.12.2022 31.12.2021 Imposte sul red<span class=\"_ _0\"></span>dito  47.061   42.958  IRAP  <span class=\"ls12\">464 </span>  <span class=\"ls12\">840 </span> Imposte relative<span class=\"_ _0\"></span> ad esercizi<span class=\"_ _0\"></span> preceden<span class=\"_ _0\"></span>ti  <span class=\"ls12\">789 </span>  10.265  Imposta sostituti<span class=\"_ _0\"></span>va da riallineamen<span class=\"_ _0\"></span>to  -   1.905  Imposte corrent<span class=\"_ _0\"></span>i  48.313   55.968  Accantonamen<span class=\"_ _0\"></span>to imposte differi<span class=\"_ _0\"></span>te passive  20.856   9.479  Utilizzo impo<span class=\"_ _0\"></span>ste differite pa<span class=\"_ _0\"></span>ssive  (9.655)   (25.204)  Variazione aliquo<span class=\"_ _0\"></span>ta  <span class=\"ls1c\">(11) </span>  <span class=\"ls1c\">(21) </span> Imposte diffe<span class=\"_ _0\"></span>rite passive  11.189   (15.745)  Accertamento i<span class=\"_ _0\"></span>mposte differite at<span class=\"_ _0\"></span>tive  (20.745)   (13.062)  Utilizzo impo<span class=\"_ _0\"></span>ste differite att<span class=\"_ _0\"></span>ive  12.668   7.413  Variazione aliquo<span class=\"_ _0\"></span>ta  <span class=\"ls12\">159 </span>  <span class=\"ls1c\">(208) </span> Imposte diffe<span class=\"_ _0\"></span>rite attive  (7.918)   (5.858)  Totale imposte<span class=\"_ _0\"></span>  51.585   34.365  Totale imposta IRE<span class=\"_ _0\"></span>S corrente e dif<span class=\"_ _0\"></span>ferita  50.290   22.373  Totale imposta IRA<span class=\"_ _0\"></span>P corrente e di<span class=\"_ _0\"></span>fferita  <span class=\"ls12\">506 </span>  <span class=\"ls1c\">(177) </span> Imposte relative<span class=\"_ _0\"></span> ad esercizi<span class=\"_ _0\"></span> preceden<span class=\"_ _0\"></span>ti  <span class=\"ls12\">789 </span>  10.265  Imposta sostituti<span class=\"_ _0\"></span>va da riallineamen<span class=\"_ _0\"></span>to  -   1.905  Totale imposte<span class=\"_ _0\"></span>  51.585   34.365  L\u2019analisi<span class=\"_ _0\"></span> della <span class=\"ff2\">differenza tra ali<span class=\"_ _0\"></span>quota fiscale IRES<span class=\"_ _0\"></span> effettiva e quell<span class=\"_ _0\"></span>a teorica \u00e8 la segue<span class=\"_ _0\"></span>nte: </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>aliquota aliquota Imponibile Imposta Imponibile Imposta effettiva effettiva Risultato ante<span class=\"_ _0\"></span> imposte  268.972   64.553  24,0%  218.333   52.400  24,0% Differenze permane<span class=\"_ _0\"></span>nti in aume<span class=\"_ _0\"></span>nto (diminuzione): Dividendi  (9.834)   (8.849)  Risultato valuta<span class=\"_ _0\"></span>zione ad equ<span class=\"_ _0\"></span>ity  (1.336)   (1.788)  Riallineamenti valori <span class=\"_ _1\"></span>civilistici <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>fiscali <span class=\"_ _1\"></span>attivit\u00e0  -  immateriali a vita inde<span class=\"_ _0\"></span>finita (17.091)  Adeguamento al<span class=\"_ _0\"></span>iquota  <span class=\"ls12\">147 </span>  <span class=\"ls1c\">(229) </span> Altre variazioni per<span class=\"_ _0\"></span>manenti  (3.240)   (2.070)  Totale Ires corrente<span class=\"_ _0\"></span> e differita<span class=\"_ _0\"></span>  50.290  18,7%  22.373  10,2%14.<span class=\"ls0\"> <span class=\"_ _0\"></span>Attivit\u00e0 per<span class=\"_ _0\"></span> imposte co<span class=\"_ _0\"></span>rrenti </span>La <span class=\"_ _1\"></span>voce, <span class=\"_ _4\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>circa <span class=\"_ _4\"></span><span class=\"ls2\">10</span>,2 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>Euro<span class=\"ls9\">, <span class=\"_ _1\"></span></span>\u00e8 <span class=\"_ _1\"></span>costituita <span class=\"_ _1\"></span>da <span class=\"_ _4\"></span>imposte <span class=\"_ _1\"></span>chieste <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>rimborso<span class=\"_ _3\"></span> da alcune societ\u00e0 con<span class=\"_ _0\"></span>trollate <span class=\"ff6\">e da al<span class=\"_ _0\"></span>tri crediti vers<span class=\"_ _0\"></span>o l\u2019Erario di varia natu<span class=\"_ _0\"></span>ra<span class=\"ff2\">. </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__82": {
   "value": "10.<span class=\"ls0\"> <span class=\"_ _0\"></span>Rimanenze<span class=\"_ _0\"></span>  </span>Il valore delle rimanen<span class=\"_ _0\"></span>ze \u00e8 dettagli<span class=\"_ _0\"></span>ato come segu<span class=\"_ _0\"></span>e: 31.12.2022 31.12.2021 Materie prime, sussidiarie e di  119.434   99.193  consumo Immobili destinati alla vendita  <span class=\"ls1\">984 </span>  1.261  Semilavorati, prodotti finiti e merci  102.558   84.403  Acconti per magazzino  1.416   <span class=\"ls1\">654 </span> Totale Rimanenze  224.392   185.511  Non <span class=\"_ _14\"> </span>si <span class=\"_ _b\"> </span>sono <span class=\"_ _14\"> </span>verificate <span class=\"_ _b\"> </span>situazioni <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>svalutazione <span class=\"_ _b\"> </span>del <span class=\"_ _14\"> </span>magazzino <span class=\"_ _b\"> </span>generate <span class=\"_ _14\"> </span>da <span class=\"_ _b\"> </span>un<span class=\"_ _0\"></span> eventuale rallenta<span class=\"_ _0\"></span>mento del<span class=\"_ _0\"></span>la domanda a causa<span class=\"_ _0\"></span> del Covi<span class=\"_ _0\"></span>d-<span class=\"ls2\">19.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__84": {
   "value": "12.<span class=\"ls0\"> <span class=\"_ _0\"></span>Crediti co<span class=\"_ _0\"></span>mmerciali </span>La voce \u00e8 cos\u00ec compos<span class=\"_ _0\"></span>ta: 31.12.2022 31.12.2021 Crediti verso <span class=\"_ _0\"></span>clienti 287.861  258.004  Fondo svalutazione<span class=\"_ _0\"></span> crediti <span class=\"_ _0\"></span>verso clienti  (13.178)   (14.503)  Crediti verso cl<span class=\"_ _0\"></span>ienti 274.683  243.501  Crediti verso impr<span class=\"_ _0\"></span>ese correlate 42.294  36.131  Anticipi a forni<span class=\"_ _0\"></span>tori 2.819  3.126  Crediti verso <span class=\"_ _0\"></span>clienti &gt; 12 mesi 342 <span class=\"ls0\"> </span>290 <span class=\"ls0\"> </span>Totale crediti<span class=\"_ _0\"></span> commerciali 320.138  283.048   <span class=\"_ _3c\"> </span> <span class=\"_ _33\"> </span>I <span class=\"_ _0\"></span><span class=\"ls0\">crediti <span class=\"_ _0\"></span>commerci<span class=\"_ _0\"></span>ali sono <span class=\"_ _0\"></span>originati<span class=\"_ _0\"></span> da<span class=\"_ _0\"></span> transazioni<span class=\"_ _0\"></span> comme<span class=\"_ _0\"></span>rciali per<span class=\"_ _0\"></span> le<span class=\"_ _0\"></span> vendit<span class=\"_ _0\"></span>e di be<span class=\"_ _0\"></span>ni e<span class=\"_ _3\"></span> </span>di servizi e non p<span class=\"_ _0\"></span>resentano concentrazi<span class=\"_ _0\"></span>oni signifi<span class=\"_ _0\"></span>cative di rischio di<span class=\"_ _0\"></span> credito.   <span class=\"_ _3c\"> </span> <span class=\"_ _33\"> </span><span class=\"ff6\">Non <span class=\"_ _19\"> </span>si <span class=\"_ _16\"> </span>sono <span class=\"_ _16\"> </span>riscontra<span class=\"_ _0\"></span>te <span class=\"_ _19\"> </span>situazioni <span class=\"_ _16\"> </span>di <span class=\"_ _19\"> </span>difficolt\u00e0 <span class=\"_ _16\"> </span>nell\u2019<span class=\"_ _0\"></span>incasso <span class=\"_ _19\"> </span>dei <span class=\"_ _16\"> </span>crediti <span class=\"_ _16\"> </span>a <span class=\"_ _19\"> </span>causa <span class=\"_ _16\"> </span>del </span>Covid-19. I crediti ve<span class=\"_ _0\"></span>rso cl<span class=\"_ _0\"></span>ienti sono imputabi<span class=\"_ _0\"></span>li a<span class=\"lsf\">i </span>seguenti Gruppi: 31.12.2022 31.12.2021 Gruppo Cemen<span class=\"_ _0\"></span>tir 192.391  167.714  Gruppo Caltagiro<span class=\"_ _0\"></span>ne Editore 34.131  36.850  Gruppo Vianini La<span class=\"_ _0\"></span>vori 45.934  37.000  Altre societ\u00e0 2.227  1.937  Totale crediti<span class=\"_ _0\"></span> verso clienti 274.683  243.501   <span class=\"_ _3c\"> </span> <span class=\"_ _33\"> </span>Non esistono <span class=\"_ _0\"></span>crediti con esi<span class=\"_ _0\"></span>gibilit\u00e0 oltre il<span class=\"_ _0\"></span> quinto esercizio.  <span class=\"_ _22\"> </span>Nella <span class=\"_ _3\"></span>seguente <span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>abella <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _0\"></span>fornito <span class=\"_ _3\"></span>il <span class=\"_ _0\"></span>dettaglio <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>crediti <span class=\"_ _3\"></span>comm<span class=\"_ _1\"></span>erciali<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>per fasce <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>scaduto al 31 dicembre <span class=\"ls2\">2021</span> ed <span class=\"_ _0\"></span>al 31 dicembre <span class=\"ls2\">202</span>2.<span class=\"_ _0\"></span> 31.12.2021 31.12.2021 A scadere 224.141  199.293  1-30 gg 18.869  14.003  30<span class=\"ls0\">-60 gg </span>5.224  4.856  60<span class=\"ls0\">-90 gg </span>2.197  1.916  oltre 90 gg 37.430  37.935  Scaduto 63.720  58.710  Totale Valore Lor<span class=\"_ _0\"></span>do 287.861  258.004  Fondo svalutazione<span class=\"_ _0\"></span> crediti <span class=\"_ _0\"></span>verso clienti  (13.178)   (14.503)  Crediti verso cl<span class=\"_ _0\"></span>ienti 274.683  243.501   <span class=\"_ _3c\"> </span> <span class=\"_ _33\"> </span>Il <span class=\"_ _15\"> </span>fondo <span class=\"_ _15\"> </span>svalutazione <span class=\"_ _15\"> </span>crediti <span class=\"_ _15\"> </span>verso <span class=\"_ _15\"> </span>clienti <span class=\"_ _15\"> </span>si <span class=\"_ _18\"> </span>riferisce <span class=\"_ _15\"> </span>principalmente <span class=\"_ _6\"> </span>al <span class=\"_ _18\"> </span>Gruppo<span class=\"_ _0\"></span> Cementir Holdi<span class=\"_ _0\"></span>ng e al Gruppo Caltagi<span class=\"_ _0\"></span>rone Editore<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__86": {
   "value": "13.<span class=\"ls0\"> <span class=\"_ _0\"></span>Attivit\u00e0 f<span class=\"_ _0\"></span>inanziarie cor<span class=\"_ _0\"></span>renti </span>Le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _5\"></span>correnti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>costituite <span class=\"_ _1\"></span>principalmente <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>titoli <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>stato <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>breve termine pari a circ<span class=\"_ _0\"></span>a 43,8 mili<span class=\"_ _0\"></span>oni di Euro e da strumenti<span class=\"_ _0\"></span> derivati attivi pe<span class=\"_ _0\"></span>r 13,5 mil<span class=\"_ _0\"></span>ioni di Euro. 31.12.2022 31.12.2021 Attivit\u00e0 finanziar<span class=\"_ _0\"></span>ie verso terzi 1.275                  <span class=\"ls12\">1 </span> Titoli di stato a<span class=\"_ _0\"></span> breve termine 43.806                 -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>Crediti finanziari <span class=\"_ _0\"></span>verso corr<span class=\"_ _0\"></span>elate 405 <span class=\"ls0\"> </span>         1.106  Risconti per co<span class=\"_ _0\"></span>sti anticipa<span class=\"_ _0\"></span>ti su commissioni<span class=\"_ _0\"></span> e interessi pa<span class=\"_ _0\"></span>ssivi 258 <span class=\"ls0\"> </span>            <span class=\"ls12\">175 </span> Strumenti deri<span class=\"_ _0\"></span>vati 13.475           3.938  Totale  59.218           5.220",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__85-1": {
   "value": "13.<span class=\"ls0\"> <span class=\"_ _0\"></span>Attivit\u00e0 f<span class=\"_ _0\"></span>inanziarie cor<span class=\"_ _0\"></span>renti </span>Le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _5\"></span>correnti<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>costituite <span class=\"_ _1\"></span>principalmente <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>titoli <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>stato <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>breve termine pari a circ<span class=\"_ _0\"></span>a 43,8 mili<span class=\"_ _0\"></span>oni di Euro e da strumenti<span class=\"_ _0\"></span> derivati attivi pe<span class=\"_ _0\"></span>r 13,5 mil<span class=\"_ _0\"></span>ioni di Euro. 31.12.2022 31.12.2021 Attivit\u00e0 finanziar<span class=\"_ _0\"></span>ie verso terzi 1.275                  <span class=\"ls12\">1 </span> Titoli di stato a<span class=\"_ _0\"></span> breve termine 43.806                 -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>Crediti finanziari <span class=\"_ _0\"></span>verso corr<span class=\"_ _0\"></span>elate 405 <span class=\"ls0\"> </span>         1.106  Risconti per co<span class=\"_ _0\"></span>sti anticipa<span class=\"_ _0\"></span>ti su commissioni<span class=\"_ _0\"></span> e interessi pa<span class=\"_ _0\"></span>ssivi 258 <span class=\"ls0\"> </span>            <span class=\"ls12\">175 </span> Strumenti deri<span class=\"_ _0\"></span>vati 13.475           3.938  Totale  59.218           5.22020.<span class=\"ls0\"> <span class=\"_ _0\"></span>Passivit\u00e0 f<span class=\"_ _0\"></span>inanziarie co<span class=\"_ _0\"></span>rrenti e non co<span class=\"_ _0\"></span>rrenti </span>31.12.2022 31.12.2021 Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie  non corre<span class=\"_ _0\"></span>nti Debiti per beni<span class=\"_ _0\"></span> in leasing           49.829            51.338  Debiti per beni<span class=\"_ _0\"></span> in leasing verso<span class=\"_ _0\"></span> societ\u00e0 sotto<span class=\"_ _0\"></span>           13.640            12.649  comune controllo<span class=\"_ _0\"></span> Debiti verso ban<span class=\"_ _0\"></span>che          293.374          316.301  Fair value degli <span class=\"_ _0\"></span>strumenti der<span class=\"_ _0\"></span>ivati di copertura           13.455              9.762  Totale Passivit\u00e0 f<span class=\"_ _0\"></span>inanziarie <span class=\"_ _0\"></span>non corre<span class=\"_ _0\"></span>nti         370.298          390.050  Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie correnti Debiti verso ban<span class=\"_ _0\"></span>che            25.824            40.112  Quota a breve di<span class=\"_ _0\"></span> finanziamen<span class=\"_ _0\"></span>ti non correnti           81.976            72.140  Fair value degli <span class=\"_ _0\"></span>strumenti der<span class=\"_ _0\"></span>ivati di copertura             1.323              5.366  Debiti per beni<span class=\"_ _0\"></span> in leasing           26.825            25.512  Debiti per beni<span class=\"_ _0\"></span> in leasing verso<span class=\"_ _0\"></span> societ\u00e0 sotto<span class=\"_ _0\"></span>             3.292              4.570  comune controllo<span class=\"_ _0\"></span> Altri debiti finan<span class=\"_ _0\"></span>ziari verso impre<span class=\"_ _0\"></span>se con<span class=\"_ _0\"></span>sortili                 <span class=\"ls12\">356 </span>                <span class=\"ls12\">356 </span> Altri debiti finan<span class=\"_ _0\"></span>ziari              5.183              4.572  Ratei passivi<span class=\"_ _0\"></span> su interessi                 <span class=\"ls12\">526 </span>                  <span class=\"ls12\">41 </span>  Totale Passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie<span class=\"_ _0\"></span> correnti          145.304          152.669   Totale Passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie<span class=\"_ _0\"></span>          515.602          542.719   <span class=\"_ _24\"> </span>Per <span class=\"_ _1\"></span>quanto <span class=\"_ _1\"></span>concerne <span class=\"_ _4\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>correnti <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>correnti,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>valore <span class=\"_ _1\"></span>contabile \u00e8 un\u2019approssimazi<span class=\"_ _0\"></span><span class=\"ff2\">one ragionevo<span class=\"_ _0\"></span>le del fair value. </span> <span class=\"_ _24\"> </span>Al <span class=\"_ _0\"></span>31 di<span class=\"_ _0\"></span>cembre <span class=\"ls2\">202</span>2 <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>totale <span class=\"_ _3\"></span>delle passivi<span class=\"_ _0\"></span>t\u00e0 finanzi<span class=\"_ _0\"></span>arie \u00e8 <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ribuibile <span class=\"_ _0\"></span>per 3<span class=\"ls2\">11<span class=\"_ _0\"></span><span class=\"ls0\">,1 mil<span class=\"_ _0\"></span>ioni <span class=\"_ _0\"></span>di </span></span>euro al <span class=\"_ _0\"></span>Gruppo C<span class=\"_ _0\"></span>ementir, <span class=\"_ _0\"></span>per <span class=\"ls2\">16</span>4,2 <span class=\"_ _0\"></span>mili<span class=\"_ _0\"></span>oni di <span class=\"_ _0\"></span>euro al G<span class=\"_ _0\"></span>ruppo Viani<span class=\"_ _0\"></span>ni, pe<span class=\"_ _0\"></span>r 14,7 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>di euro<span class=\"_ _0\"></span> al <span class=\"_ _a\"></span>Gruppo <span class=\"_ _5\"></span>Vianini <span class=\"_ _5\"></span>Lavori, <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>23,1<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>Gruppo <span class=\"_ _5\"></span>Caltagirone <span class=\"_ _5\"></span>Editore <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _17\"></span>2,<span class=\"ls16\">5 </span>milioni di euro a Cal<span class=\"_ _0\"></span>tagiron<span class=\"_ _0\"></span>e Spa ed alle al<span class=\"_ _0\"></span>tre societ\u00e0 control<span class=\"_ _0\"></span>late.    <span class=\"_ _24\"> </span>Con <span class=\"_ _15\"> </span>riferimento <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>Gruppo <span class=\"_ _15\"> </span>Vianini<span class=\"_ _0\"></span>, <span class=\"_ _15\"> </span>tali <span class=\"_ _15\"> </span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>non <span class=\"_ _15\"> </span>correnti <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"> </span>attribuibili<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>in prevalenza <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>Domus <span class=\"_ _19\"> </span>(controllato <span class=\"_ _19\"> </span>da <span class=\"_ _16\"> </span>Viani<span class=\"_ _0\"></span>ni <span class=\"_ _19\"> </span>SpA) <span class=\"_ _19\"> </span>per <span class=\"_ _16\"> </span>lo <span class=\"_ _19\"> </span>svolgimento <span class=\"_ _19\"> </span>dell\u2019attivit\u00e0 immobiliare.  <span class=\"_ _24\"> </span>I debiti <span class=\"_ _0\"></span>per beni<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> leasing<span class=\"_ _0\"></span> verso so<span class=\"_ _0\"></span>ciet\u00e0<span class=\"_ _0\"></span> sotto <span class=\"_ _0\"></span>comune <span class=\"_ _0\"></span>control<span class=\"_ _0\"></span>lo riguardano <span class=\"_ _0\"></span>i con<span class=\"_ _0\"></span>tratti <span class=\"_ _0\"></span>di affitto <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>sedi <span class=\"_ _a\"></span>sociali <span class=\"_ _5\"></span>della <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>alcun<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>controllate, <span class=\"_ _5\"></span>contabili<span class=\"_ _0\"></span>zzati <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>accordo all\u2019IFRS<span class=\"_ _0\"></span> 16.<span class=\"ff2\"> </span> <span class=\"_ _24\"> </span>Gli <span class=\"_ _15\"> </span>altri <span class=\"_ _18\"> </span>debiti <span class=\"_ _15\"> </span>finanziari <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"> </span>costituiti <span class=\"_ _15\"> </span>principalmente <span class=\"_ _15\"> </span>dagli <span class=\"_ _15\"> </span>incassi <span class=\"_ _15\"> </span>operati <span class=\"_ _15\"> </span>dalla controllata Vian<span class=\"_ _0\"></span>ini Lavori nella sua qual<span class=\"_ _0\"></span>it\u00e0 di man<span class=\"_ _0\"></span>dataria dei Raggruppa<span class=\"_ _0\"></span>menti Temporanei<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> imprese <span class=\"_ _b\"> </span>cui <span class=\"_ _b\"> </span>partecipa<span class=\"_ _0\"></span>, <span class=\"_\"> </span>da<span class=\"_ _0\"></span> <span class=\"_\"> </span>trasfe<span class=\"_ _0\"></span>rire <span class=\"_ _b\"> </span>alle <span class=\"_ _b\"> </span>mandanti <span class=\"_ _b\"> </span>dei <span class=\"_ _14\"> </span>raggruppamenti <span class=\"_\"> </span>al<span class=\"_ _0\"></span>la <span class=\"_ _b\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_\"> </span>de<span class=\"_ _0\"></span>l <span class=\"_\"> </span>3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> dicembre <span class=\"ls2\">202</span>2.  <span class=\"_ _24\"> </span>Relativamente<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>totale <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _a\"></span>co<span class=\"_ _0\"></span>rrenti <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>si <span class=\"_ _a\"></span>evidenzi<span class=\"_ _0\"></span>a che circa <span class=\"lsf\">il </span>60,4% p<span class=\"_ _0\"></span>revede il rispe<span class=\"_ _0\"></span>tto di sogl<span class=\"_ _0\"></span>ie di parame<span class=\"_ _0\"></span>tri finanziari<span class=\"_ _0\"></span> (<span class=\"ff7\">covenant</span>)<span class=\"ff7\"> </span>che risultan<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> rispettate alla da<span class=\"_ _0\"></span>ta del 31 di<span class=\"_ _0\"></span>cembre <span class=\"ls2\">202</span>2.   <span class=\"_ _24\"> </span>A <span class=\"_ _19\"> </span>t<span class=\"_ _1\"></span>al <span class=\"_ _19\"> </span>f<span class=\"_ _1\"></span>ine <span class=\"_ _19\"> </span>si <span class=\"_ _16\"> </span>precisa <span class=\"_ _19\"> </span>che <span class=\"_ _16\"> </span>i <span class=\"_ _16\"> </span><span class=\"ff7\">covenant</span> <span class=\"_ _19\"> </span>da <span class=\"_ _16\"> </span>rispettare <span class=\"_ _19\"> </span>sono <span class=\"_ _16\"> </span>costituiti <span class=\"_ _19\"> </span>principalmente <span class=\"_ _19\"> </span>dal rapporto <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>l\u2019indeb<span class=\"_ _0\"></span>itamento <span class=\"_ _3\"></span>finanziario <span class=\"_ _3\"></span>netto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>margine <span class=\"_ _3\"></span>operativo <span class=\"_ _3\"></span>lordo <span class=\"_ _2b\"></span>a <span class=\"_ _0\"></span>livel<span class=\"_ _0\"></span>lo <span class=\"_ _3\"></span>consolidato ed il rapporto tra<span class=\"_ _0\"></span> il margi<span class=\"_ _0\"></span>ne operativo lordo<span class=\"_ _0\"></span> e gli oneri finanzi<span class=\"_ _0\"></span>ari netti.  <span class=\"_ _24\"> </span>La scadenza dei debi<span class=\"_ _0\"></span>ti finanziari cor<span class=\"_ _0\"></span>renti \u00e8 la seguente: 31.12.2022 31.12.2021 Entro 3 mesi<span class=\"_ _0\"></span>           50.462<span class=\"_ _0\"></span>            60.031<span class=\"_ _0\"></span>  Tra 3 mesi ed 1 ann<span class=\"_ _0\"></span>o           94.842<span class=\"_ _0\"></span>            92.638<span class=\"_ _0\"></span>  Tra 1 e 2 anni<span class=\"_ _0\"></span>           81.379<span class=\"_ _0\"></span>            93.967<span class=\"_ _0\"></span>  Tra 2 e 5 anni<span class=\"_ _0\"></span>           88.946<span class=\"_ _0\"></span>          112.285<span class=\"_ _0\"></span>  oltre 5 anni         199.973<span class=\"_ _0\"></span>          183.798<span class=\"_ _0\"></span>   Totale Passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie<span class=\"_ _0\"></span>           515.602<span class=\"_ _0\"></span>          542.718<span class=\"_ _0\"></span>  31.12.2022 31.12.2021 Passivit\u00e0 a tas<span class=\"_ _0\"></span>so di interesse<span class=\"_ _0\"></span> variabile         480.915<span class=\"_ _0\"></span>          508.257<span class=\"_ _0\"></span>  Passivit\u00e0 a tas<span class=\"_ _0\"></span>so di interesse<span class=\"_ _0\"></span> fisso           34.687<span class=\"_ _0\"></span>            34.462<span class=\"_ _0\"></span>   Totale Passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie<span class=\"_ _0\"></span>           515.602<span class=\"_ _0\"></span>          542.719",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__90": {
   "value": "15.<span class=\"ls0\"> <span class=\"_ _0\"></span>Altre attiv<span class=\"_ _0\"></span>it\u00e0 correnti </span>La voce \u00e8 cos\u00ec compos<span class=\"_ _0\"></span>ta: 31.12.2022 31.12.2021 Crediti verso il personale 184 <span class=\"ls0\"> </span>237 <span class=\"ls0\"> </span>Crediti verso imprese correlate 722 <span class=\"ls0\"> </span>16 <span class=\"ls0\"> </span>Crediti per IVA 5.646  5.378  Crediti verso altri 11.989  13.066  Ratei attivi  491 <span class=\"ls0\"> </span>217 <span class=\"ls0\"> </span>Risconti attivi 4.903  4.682  Totale altre attivit\u00e0  23.936  23.596  I <span class=\"_ _4\"></span>risconti <span class=\"_ _4\"></span>attivi <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>relativi <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>quote <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>costi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>competenza <span class=\"_ _4\"></span>dell\u2019esercizio <span class=\"_ _1\"></span>successivo per assicurazioni<span class=\"_ _0\"></span> ed altri costi comuni<span class=\"_ _0\"></span> a due o pi\u00f9 <span class=\"_ _0\"></span>esercizi. Non esistono crediti<span class=\"_ _0\"></span> con esigi<span class=\"_ _0\"></span>bilit\u00e0 superiore all<span class=\"_ _0\"></span>\u2019esercizio.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__91": {
   "value": "16.<span class=\"ls0\"> <span class=\"_ _0\"></span>Disponibi<span class=\"_ _0\"></span>lit\u00e0 liquide<span class=\"_ _0\"></span> e mezzi equivalent<span class=\"_ _0\"></span>i </span>La voce \u00e8 cos\u00ec compos<span class=\"_ _0\"></span>ta: 31.12.2022 31.12.2021 Depositi bancari e <span class=\"_ _1\"></span>postali 412.212  397.424  Denaro e valori in cas<span class=\"_ _1\"></span>sa 1.121  458 <span class=\"ls0\"> </span>Totale  413.333  397.882  Per quanto concerne l\u2019illustrazione dei fenomeni che hanno determinato le variazioni<span class=\"_ _0\"></span> del <span class=\"_ _19\"> </span>saldo <span class=\"_ _19\"> </span>delle <span class=\"_ _19\"> </span>\u201cDisponibili<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _19\"> </span>liquide <span class=\"_ _19\"> </span>e <span class=\"_ _16\"> </span>mezzi <span class=\"_ _17\"> </span>equivalenti\u201d <span class=\"_ _19\"> </span>si <span class=\"_ _19\"> </span>fa <span class=\"_ _19\"> </span>riferimento <span class=\"_ _19\"> </span>allo <span class=\"_ _19\"> </span>schema <span class=\"_ _17\"> </span>di Rendiconto Finanzi<span class=\"_ _0\"></span>ario.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__92": {
   "value": "17.<span class=\"ls0\"> <span class=\"_ _0\"></span>Patrimonio<span class=\"_ _0\"></span> netto </span>Riconciliazione de<span class=\"_ _0\"></span>i movimen<span class=\"_ _0\"></span>ti di capi<span class=\"_ _0\"></span>tale e riserve  <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>Le <span class=\"_ _18\"> </span>movimentazioni <span class=\"_ _15\"> </span>intervenute <span class=\"_ _18\"> </span>nei <span class=\"_ _15\"> </span>conti <span class=\"_ _1e\"> </span>di <span class=\"_ _15\"> </span>Patrimonio <span class=\"_ _15\"> </span>netto <span class=\"_ _18\"> </span>Consolidati <span class=\"_ _15\"> </span>al <span class=\"_ _18\"> </span>31 dicembre <span class=\"ls2\">20</span>22 <span class=\"lsd\">e <span class=\"ls2\">2021</span></span> sono evidenziate nei<span class=\"_ _0\"></span> prospetti di Bilanci<span class=\"_ _0\"></span>o.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__94": {
   "value": "Capitale sociale<span class=\"_ _0\"></span>  Il <span class=\"_ _1\"></span>capitale <span class=\"_ _4\"></span>sociale <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _4\"></span><span class=\"ls2\">20</span>22 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>quello <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>Capogruppo <span class=\"_ _4\"></span>Caltagi<span class=\"_ _0\"></span>rone <span class=\"_ _4\"></span>SpA<span class=\"ls3\">, </span>interamente <span class=\"_ _5\"></span>sottoscritto <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>versato, <span class=\"_ _a\"></span>costituito <span class=\"_ _5\"></span>da <span class=\"_ _a\"></span>n. <span class=\"_ _a\"></span>120.120<span class=\"_ _0\"></span>.000 <span class=\"_ _a\"></span>azioni <span class=\"_ _5\"></span>ordinarie <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>valore nominale di 1 Euro ciascuna <span class=\"ff6\">e<span class=\"_ _0\"></span> n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l\u2019<span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>nt<span class=\"_ _0\"></span>e.<span class=\"_ _3\"></span> No<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o </span>p<span class=\"_ _0\"></span>eg<span class=\"_ _3\"></span>ni <span class=\"_ _3\"></span>o v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>ull<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>oni<span class=\"_ _0\"></span>. Riserve  31.12.2022   31.12.2021   Riserva legale         24.024         24.024   Riserva straord<span class=\"_ _0\"></span>inaria       311.097       323.109   Riserva sovrapp<span class=\"_ _0\"></span>rezzo azioni         23.241         23.241   Riserva netta <span class=\"_ _0\"></span>fair Value parte<span class=\"_ _0\"></span>cipazioni  38.475 95.268  Riserva conver<span class=\"_ _0\"></span>sione  (350.304) (323.885)  Altre riserve  <span class=\"_ _0\"></span>        42.534         36.506   Risultati eser<span class=\"_ _0\"></span>cizi preceden<span class=\"_ _0\"></span>ti    <span class=\"ls0\">1.043.954<span class=\"_ _0\"></span>  </span>     841.291   Totale    <span class=\"ls0\">1.133.021<span class=\"_ _0\"></span>  </span>  <span class=\"ls0\">1.019.554<span class=\"_ _0\"></span>  </span>Per maggiori dettagl<span class=\"_ _0\"></span>i sulla riserva di <span class=\"_ _0\"></span><span class=\"ff7\">fair value <span class=\"ff2\">si rinvi<span class=\"_ _0\"></span>a alla nota 6 let<span class=\"_ _0\"></span>tera c).  </span></span>La riserva di con<span class=\"_ _0\"></span>versione \u00e8 nega<span class=\"_ _0\"></span>tiva per 3<span class=\"ls2\">50</span>,3 mili<span class=\"_ _0\"></span>oni di euro ed \u00e8 co<span class=\"_ _0\"></span>s\u00ec ripartita<span class=\"_ _0\"></span>:  31.12.2022   31.12.2021   Turchia (Lira Turca<span class=\"_ _0\"></span> - TRY)  (317.555) (304.080)  Stati Uniti (Do<span class=\"_ _0\"></span>llaro - USD)  4.426 2.009  Egitto (Sterlina<span class=\"_ _0\"></span> egiziana - EGP)<span class=\"_ _0\"></span>  (39.955) (26.883)  Islanda (Coron<span class=\"_ _0\"></span>a islandese - ISK)  (1.392) (1.325)  Cina (Renminbi -<span class=\"_ _0\"></span>Yuan - CNY)  4.959 5.800  Norvegia (Coro<span class=\"_ _0\"></span>na norvegese<span class=\"_ _0\"></span> - NOK)  (3.489) (2.774)  Svezia (Coro<span class=\"_ _0\"></span>na svedese - SEK)<span class=\"_ _0\"></span>  (988)<span class=\"ls0\"> </span>(553)<span class=\"ls0\"> </span> Altri Paesi  3.690 3.921  Totale  (350.304) (323.885) Per <span class=\"_ _1e\"> </span>maggiori <span class=\"_ _1e\"> </span>dettagli <span class=\"_ _23\"> </span>su<span class=\"ff6\">gli <span class=\"_ _1e\"> </span>impatti <span class=\"_ _1e\"> </span>derivanti <span class=\"_ _1e\"> </span>dall\u2019applicazione <span class=\"_ _1e\"> </span>dello <span class=\"_ _23\"> </span>IAS <span class=\"_ _1e\"> </span>29 <span class=\"_ _1e\"> </span>sul </span>patrimonio <span class=\"_ _37\"> </span>netto <span class=\"_ _30\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _30\"> </span>Gruppo <span class=\"_ _37\"> </span>si <span class=\"_ _37\"> </span>rinvia <span class=\"_ _30\"> </span>al <span class=\"_ _37\"> </span>pa<span class=\"_ _1\"></span>ragrafo <span class=\"_ _30\"> </span>\u201cTurchia <span class=\"_ _2d\"> </span>\u2013<span class=\"ff2\"> <span class=\"_ _37\"> </span>economia </span>iperinflazionata: impatti per l\u2019applicazione dello IAS 29\u201d.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__93": {
   "value": "Capitale sociale<span class=\"_ _0\"></span>  Il <span class=\"_ _1\"></span>capitale <span class=\"_ _4\"></span>sociale <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _4\"></span><span class=\"ls2\">20</span>22 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>quello <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>Capogruppo <span class=\"_ _4\"></span>Caltagi<span class=\"_ _0\"></span>rone <span class=\"_ _4\"></span>SpA<span class=\"ls3\">, </span>interamente <span class=\"_ _5\"></span>sottoscritto <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>versato, <span class=\"_ _a\"></span>costituito <span class=\"_ _5\"></span>da <span class=\"_ _a\"></span>n. <span class=\"_ _a\"></span>120.120<span class=\"_ _0\"></span>.000 <span class=\"_ _a\"></span>azioni <span class=\"_ _5\"></span>ordinarie <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>valore nominale di 1 Euro ciascuna <span class=\"ff6\">e<span class=\"_ _0\"></span> n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l\u2019<span class=\"_ _3\"></span>es<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>nt<span class=\"_ _0\"></span>e.<span class=\"_ _3\"></span> No<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> s<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>o </span>p<span class=\"_ _0\"></span>eg<span class=\"_ _3\"></span>ni <span class=\"_ _3\"></span>o v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>ull<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>oni<span class=\"_ _0\"></span>. Riserve  31.12.2022   31.12.2021   Riserva legale         24.024         24.024   Riserva straord<span class=\"_ _0\"></span>inaria       311.097       323.109   Riserva sovrapp<span class=\"_ _0\"></span>rezzo azioni         23.241         23.241   Riserva netta <span class=\"_ _0\"></span>fair Value parte<span class=\"_ _0\"></span>cipazioni  38.475 95.268  Riserva conver<span class=\"_ _0\"></span>sione  (350.304) (323.885)  Altre riserve  <span class=\"_ _0\"></span>        42.534         36.506   Risultati eser<span class=\"_ _0\"></span>cizi preceden<span class=\"_ _0\"></span>ti    <span class=\"ls0\">1.043.954<span class=\"_ _0\"></span>  </span>     841.291   Totale    <span class=\"ls0\">1.133.021<span class=\"_ _0\"></span>  </span>  <span class=\"ls0\">1.019.554<span class=\"_ _0\"></span>  </span>Per maggiori dettagl<span class=\"_ _0\"></span>i sulla riserva di <span class=\"_ _0\"></span><span class=\"ff7\">fair value <span class=\"ff2\">si rinvi<span class=\"_ _0\"></span>a alla nota 6 let<span class=\"_ _0\"></span>tera c).  </span></span>La riserva di con<span class=\"_ _0\"></span>versione \u00e8 nega<span class=\"_ _0\"></span>tiva per 3<span class=\"ls2\">50</span>,3 mili<span class=\"_ _0\"></span>oni di euro ed \u00e8 co<span class=\"_ _0\"></span>s\u00ec ripartita<span class=\"_ _0\"></span>:  31.12.2022   31.12.2021   Turchia (Lira Turca<span class=\"_ _0\"></span> - TRY)  (317.555) (304.080)  Stati Uniti (Do<span class=\"_ _0\"></span>llaro - USD)  4.426 2.009  Egitto (Sterlina<span class=\"_ _0\"></span> egiziana - EGP)<span class=\"_ _0\"></span>  (39.955) (26.883)  Islanda (Coron<span class=\"_ _0\"></span>a islandese - ISK)  (1.392) (1.325)  Cina (Renminbi -<span class=\"_ _0\"></span>Yuan - CNY)  4.959 5.800  Norvegia (Coro<span class=\"_ _0\"></span>na norvegese<span class=\"_ _0\"></span> - NOK)  (3.489) (2.774)  Svezia (Coro<span class=\"_ _0\"></span>na svedese - SEK)<span class=\"_ _0\"></span>  (988)<span class=\"ls0\"> </span>(553)<span class=\"ls0\"> </span> Altri Paesi  3.690 3.921  Totale  (350.304) (323.885) Per <span class=\"_ _1e\"> </span>maggiori <span class=\"_ _1e\"> </span>dettagli <span class=\"_ _23\"> </span>su<span class=\"ff6\">gli <span class=\"_ _1e\"> </span>impatti <span class=\"_ _1e\"> </span>derivanti <span class=\"_ _1e\"> </span>dall\u2019applicazione <span class=\"_ _1e\"> </span>dello <span class=\"_ _23\"> </span>IAS <span class=\"_ _1e\"> </span>29 <span class=\"_ _1e\"> </span>sul </span>patrimonio <span class=\"_ _37\"> </span>netto <span class=\"_ _30\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _30\"> </span>Gruppo <span class=\"_ _37\"> </span>si <span class=\"_ _37\"> </span>rinvia <span class=\"_ _30\"> </span>al <span class=\"_ _37\"> </span>pa<span class=\"_ _1\"></span>ragrafo <span class=\"_ _30\"> </span>\u201cTurchia <span class=\"_ _2d\"> </span>\u2013<span class=\"ff2\"> <span class=\"_ _37\"> </span>economia </span>iperinflazionata: impatti per l\u2019applicazione dello IAS 29\u201d.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__95": {
   "value": "Dividendi L\u2019Assemblea <span class=\"_ _5\"></span>tenutasi <span class=\"_ _a\"></span><span class=\"ff2 lsf\">il <span class=\"_ _a\"></span><span class=\"ls0\">22 <span class=\"_ _5\"></span>aprile <span class=\"_ _a\"></span><span class=\"ls2\">20</span>22 <span class=\"_ _a\"></span>ha <span class=\"_ _5\"></span>deliberato <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>distribuzione <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>divide<span class=\"_ _0\"></span>ndi <span class=\"_ _a\"></span>in<span class=\"_ _0\"></span> </span></span>ragione <span class=\"_\"> </span>di <span class=\"_\"> </span>0,<span class=\"_ _1\"></span><span class=\"ls2\">10</span> <span class=\"_\"> </span>euro <span class=\"_ _6\"> </span>per <span class=\"_\"> </span>ciascuna <span class=\"_\"> </span>delle <span class=\"_ _6\"> </span>120.<span class=\"_ _0\"></span>120.000 <span class=\"_\"> </span>azioni <span class=\"_\"> </span>ordinarie, <span class=\"_ _6\"> </span>per <span class=\"_\"> </span>un <span class=\"_ _6\"> </span>importo complessivo pari<span class=\"_ _0\"></span> a <span class=\"ls2\">12</span>,<span class=\"ls2\">01</span> milioni di euro.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__96": {
   "value": "18.<span class=\"ls0\"> <span class=\"_ _0\"></span>Personale<span class=\"_ _0\"></span> </span>Benefici ai d<span class=\"_ _0\"></span>ipendenti  <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>I <span class=\"_ _a\"></span>fondi <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>benefici<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>ai <span class=\"_ _5\"></span>dipendenti <span class=\"_ _5\"></span>ammontano <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>38,2 <span class=\"_ _a\"></span>mili<span class=\"_ _0\"></span>oni <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>Euro <span class=\"_ _5\"></span>(<span class=\"_ _1\"></span>46,9 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di Euro <span class=\"_\"> </span>al<span class=\"_ _0\"></span> <span class=\"_\"> </span>31 <span class=\"_ _b\"> </span>dicembre <span class=\"_ _b\"> </span>2021) <span class=\"_ _b\"> </span>e <span class=\"_\"> </span>co<span class=\"_ _0\"></span>mprendono <span class=\"_ _b\"> </span>p<span class=\"_ _0\"></span>rincipalmente <span class=\"_ _b\"> </span>le <span class=\"_\"> </span>pa<span class=\"_ _0\"></span>ssivit\u00e0 <span class=\"_ _b\"> </span>per <span class=\"_\"> </span>bene<span class=\"_ _0\"></span>fici <span class=\"_ _b\"> </span>ai dipendenti e le indenni<span class=\"_ _0\"></span>t\u00e0 di<span class=\"_ _0\"></span> fine rapporto. Relativamente<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>Cementir <span class=\"_ _4\"></span>Holding<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>rilevate, <span class=\"_ _4\"></span>qualora <span class=\"_ _4\"></span>siano <span class=\"_ _4\"></span>maturate <span class=\"_ _4\"></span>le<span class=\"_ _0\"></span> condizioni <span class=\"_ _6\"> </span>per <span class=\"_ _18\"> </span>le <span class=\"_ _15\"> </span>rilevazion<span class=\"_ _0\"></span>i, <span class=\"_ _15\"> </span>le <span class=\"_ _15\"> </span>passivit\u00e0 <span class=\"_ _15\"> </span>riferite <span class=\"_ _6\"> </span>agli <span class=\"_ _15\"> </span>impegni <span class=\"_ _15\"> </span>futuri <span class=\"_ _15\"> </span>relativi <span class=\"_ _6\"> </span>ai <span class=\"_ _18\"> </span>piani <span class=\"_ _15\"> </span>di incentivazione <span class=\"_ _17\"></span>di <span class=\"_ _17\"> </span>medio/lungo <span class=\"_ _17\"> </span>t<span class=\"_ _1\"></span>ermine <span class=\"_ _17\"> </span>da <span class=\"_ _19\"> </span>erogare <span class=\"_ _17\"></span>ai <span class=\"_ _19\"> </span>dipendenti <span class=\"_ _17\"></span>al <span class=\"_ _19\"> </span>termine <span class=\"_ _17\"> </span>del <span class=\"_ _19\"> </span>pe<span class=\"_ _1\"></span>riodo <span class=\"_ _17\"></span>di riferimento previsto. I<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>piano di <span class=\"_ _1\"></span>incentivazione di <span class=\"_ _4\"></span>lun<span class=\"_ _0\"></span>go <span class=\"_ _1\"></span>termine (LTI) <span class=\"_ _1\"></span>prevede <span class=\"_ _1\"></span>l\u2019erogazione<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di un <span class=\"_ _1\"></span>beneficio <span class=\"_ _4\"></span>monetario variabile, <span class=\"_ _1\"></span>calcolato <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>percentuale <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>etribuzione <span class=\"_ _1\"></span>annua <span class=\"_ _1\"></span>lorda <span class=\"_ _4\"></span>del<span class=\"_ _0\"></span> beneficiario, <span class=\"_ _16\"> </span>legato <span class=\"_ _19\"> </span>al <span class=\"_ _16\"> </span>raggiungimento <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>obiettivi <span class=\"_ _16\"> </span>economici <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>finanziari <span class=\"_ _19\"> </span>def<span class=\"_ _1\"></span>initi <span class=\"_ _16\"> </span>nei <span class=\"_ _16\"> </span>Piani<span class=\"_ _0\"></span> Industriali redatti <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>approvati. Al <span class=\"_ _4\"></span>31 <span class=\"_ _1\"></span>dicembre<span class=\"_ _0\"></span> <span class=\"_ _4\"></span><span class=\"ls2\">20</span>22 <span class=\"ff6\">l\u2019ammontare <span class=\"_ _1\"></span>risulta <span class=\"_ _1\"></span>pari a <span class=\"_ _4\"></span></span>2.<span class=\"ls2\">481</span> <span class=\"_ _1\"></span>migliaia di Euro. Le passivit\u00e0 <span class=\"_ _1\"></span>per benefici ai dipendenti, principalmente in <span class=\"_ _1\"></span>Turchia,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Belgio e Norvegia, rientrano <span class=\"_ _19\"> </span>tra <span class=\"_ _16\"> </span>i <span class=\"_ _19\"> </span>piani <span class=\"_ _19\"> </span>a <span class=\"_ _16\"> </span>benefici <span class=\"_ _17\"> </span>definiti <span class=\"_ _16\"> </span>e <span class=\"_ _19\"> </span>sono <span class=\"_ _16\"> </span>in <span class=\"_ _19\"> </span>parte <span class=\"_ _19\"> </span>finanziate <span class=\"_ _19\"> </span>da <span class=\"_ _16\"> </span>piani <span class=\"_ _17\"> </span>assicurativi. <span class=\"_ _19\"> </span>In particolare <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _4\"></span>a <span class=\"_ _a\"></span>servizi<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>piano <span class=\"_ _5\"></span>riguardano <span class=\"_ _4\"></span>i <span class=\"_ _a\"></span>piani<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>pensionistici <span class=\"_ _4\"></span>del <span class=\"_ _a\"></span>Belgi<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>della Norvegia. <span class=\"_ _4\"></span>Le <span class=\"_ _4\"></span>pa<span class=\"_ _0\"></span>ssivit\u00e0 <span class=\"_ _4\"></span>sono <span class=\"_ _1\"></span>state <span class=\"_ _4\"></span>valutate <span class=\"_ _4\"></span>applic<span class=\"_ _0\"></span>ando <span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>metodologia <span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>uariale <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span><span class=\"ls16\">\u00e0 </span>sono <span class=\"_ _19\"> </span>state <span class=\"_ _19\"> </span>determinate <span class=\"_ _19\"> </span>sulla <span class=\"_ _19\"> </span>base <span class=\"_ _19\"> </span>del <span class=\"_ _16\"> </span>fair <span class=\"_ _19\"> </span>value <span class=\"_ _19\"> </span>alla <span class=\"_ _16\"> </span>data <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span><span class=\"ff6\">bilancio. <span class=\"_ _19\"> </span>L\u2019indennit\u00e0</span> <span class=\"_ _19\"> </span>di <span class=\"_ _16\"> </span>fine rapporto <span class=\"_\"> </span>(TFR<span class=\"_ _0\"></span>), <span class=\"_\"> </span>per <span class=\"_\"> </span>i <span class=\"_\"> </span>d<span class=\"_ _0\"></span>ipendenti <span class=\"_ _b\"> </span>delle <span class=\"_\"> </span>soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_\"> </span>italian<span class=\"_ _0\"></span>e, <span class=\"_\"> </span>rappresenta <span class=\"_ _b\"> </span>una <span class=\"_\"> </span>passi<span class=\"_ _0\"></span>vit\u00e0, <span class=\"_\"> </span>non<span class=\"_ _0\"></span> finanziata <span class=\"_ _14\"> </span>ed <span class=\"_ _b\"> </span>intera<span class=\"_ _0\"></span>mente <span class=\"_ _14\"> </span>accantonata, <span class=\"_ _14\"> </span>r<span class=\"_ _1\"></span>elativa <span class=\"_ _16\"> </span>ai <span class=\"_\"> </span>be<span class=\"_ _0\"></span>nefici <span class=\"_ _14\"> </span>riconosciuti <span class=\"_ _14\"> </span>ai <span class=\"_ _b\"> </span>dipend<span class=\"_ _0\"></span>enti <span class=\"_ _14\"> </span>ed erogati <span class=\"_ _b\"> </span>in <span class=\"_ _b\"> </span>coincide<span class=\"_ _0\"></span>nza <span class=\"_ _b\"> </span>o <span class=\"_ _14\"> </span>successivamente <span class=\"_\"> </span>al<span class=\"_ _0\"></span>la <span class=\"_ _14\"> </span>cessazione <span class=\"_\"> </span>de<span class=\"_ _0\"></span>l <span class=\"_ _b\"> </span>rapporto <span class=\"_ _b\"> </span>di <span class=\"_ _14\"> </span>lavoro. <span class=\"_\"> </span>Tale<span class=\"_ _0\"></span> passivit\u00e0 rientra<span class=\"_ _0\"></span> nei cosi<span class=\"_ _0\"></span>ddetti piani<span class=\"_ _0\"></span> a benefici de<span class=\"_ _0\"></span>finiti e pe<span class=\"_ _0\"></span>rtanto \u00e8 de<span class=\"_ _0\"></span>terminata appli<span class=\"_ _0\"></span>cando la metodologia at<span class=\"_ _0\"></span>tuariale. <span class=\"_ _0\"></span>Le i<span class=\"_ _0\"></span>potesi relative <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>determinazion<span class=\"_ _0\"></span>e del pi<span class=\"_ _0\"></span>ano so<span class=\"_ _0\"></span>no riassunte<span class=\"_ _0\"></span> nella seguente tabella:<span class=\"_ _0\"></span> Valori in % 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Tasso annuo di<span class=\"_ _0\"></span> attualizzazione<span class=\"_ _0\"></span> 2%<span class=\"ls0\">-</span>4%<span class=\"ls0\"> </span>0,45%-<span class=\"ls12\">2%</span> Rendimento atteso<span class=\"_ _0\"></span> delle attivi<span class=\"_ _0\"></span>t\u00e0 a servi<span class=\"_ _0\"></span>zio del 2,70% 2%<span class=\"ls0\"> </span>piano Tasso annuo di<span class=\"_ _0\"></span> incremento del<span class=\"_ _0\"></span> TFR 3,31% 2,81% Gli importi desc<span class=\"_ _0\"></span>ritti nello stato pat<span class=\"_ _0\"></span>rimoniale sono<span class=\"_ _0\"></span> cos\u00ec determi<span class=\"_ _0\"></span>nati: 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Passivit\u00e0 per be<span class=\"_ _0\"></span>nefici ai dipend<span class=\"_ _0\"></span>enti 68.613 75.898 Fair value delle a<span class=\"_ _0\"></span>ttivit\u00e0 a ser<span class=\"_ _0\"></span>vizio del piano (32.936) (31.273) Piani di incenti<span class=\"_ _0\"></span>vazione a lungo <span class=\"_ _0\"></span>termine 2.481 2.256 Benefici ai dipende<span class=\"_ _0\"></span>nti 38.158 46.881 Le tabelle<span class=\"_ _0\"></span> seguenti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>mostrano l<span class=\"_ _0\"></span>a movi<span class=\"_ _0\"></span>mentazione<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span>le passi<span class=\"_ _0\"></span>vit\u00e0/(attivit\u00e0)<span class=\"_ _0\"></span> nette<span class=\"_ _0\"></span> per be<span class=\"_ _0\"></span>nefici <span class=\"_ _0\"></span>ai dipendenti e delle relativ<span class=\"_ _0\"></span>e componen<span class=\"_ _0\"></span>ti:  2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Passivit\u00e0 nett<span class=\"_ _0\"></span>a a inizio period<span class=\"_ _0\"></span>o 75.898 79.277 Costo corrente dell<span class=\"_ _0\"></span>\u2019esercizio (Ser<span class=\"_ _0\"></span>vice Co<span class=\"_ _0\"></span>sts)<span class=\"ff2\"> </span>2.936 3.136 Rivalutazione (In<span class=\"_ _0\"></span>terest Co<span class=\"_ _0\"></span>st) 756<span class=\"ls0\"> </span>449<span class=\"ls0\"> </span>(Utili)/Perdite a<span class=\"_ _0\"></span>ttuariali (5.148) (1.942) Delta cambio (1.330) (1.195) (Prestazioni paga<span class=\"_ _0\"></span>te) (4.493) (4.805) Altre variazioni<span class=\"_ _0\"></span> (5)<span class=\"ls0\"> </span>978<span class=\"ls0\"> </span>Passivit\u00e0 nett<span class=\"_ _0\"></span>a a fine periodo           68.613<span class=\"_ _0\"></span>           75.898  2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Fair value delle<span class=\"_ _0\"></span> attivit\u00e0 a se<span class=\"_ _0\"></span>rvizio del piano<span class=\"_ _0\"></span> 31.273 30.839 di inizio periodo<span class=\"_ _0\"></span> Proventi finanziari<span class=\"_ _0\"></span> delle attivi<span class=\"_ _0\"></span>t\u00e0 a servizio de<span class=\"_ _0\"></span>l 289<span class=\"ls0\"> </span>184<span class=\"ls0\"> </span>piano (Utili)/perdite attuar<span class=\"_ _0\"></span>iali netti<span class=\"_ _0\"></span> rilevati 917<span class=\"ls0\"> </span>688<span class=\"ls0\"> </span>nell\u2019esercizio<span class=\"ff2\"> </span>Differenze di con<span class=\"_ _0\"></span>versione (221)<span class=\"ls0\"> </span>195<span class=\"ls0\"> </span>(Prestazioni paga<span class=\"_ _0\"></span>te) 678<span class=\"ls0\"> </span>(633)<span class=\"ls0\"> </span>Fair value delle<span class=\"_ _0\"></span> attivit\u00e0 a se<span class=\"_ _0\"></span>rvizio del piano<span class=\"_ _0\"></span> 32.936 31.273 di fine periodo<span class=\"_ _0\"></span> Costi del personal<span class=\"_ _0\"></span>e 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Salari e stipendi<span class=\"_ _0\"></span>      195.602       181.305  Oneri sociali        41.746         39.291  Accantonamen<span class=\"_ _0\"></span>to a fondi per<span class=\"_ _0\"></span> benefici ai          6.995           6.503  dipendenti e prev<span class=\"_ _0\"></span>idenza complem<span class=\"_ _0\"></span>entare       <span class=\"_ _0\"></span>    <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>Altri costi 10.662 8.344 Totale costi de<span class=\"_ _0\"></span>l personale      255.005       235.443  Forza lavoro<span class=\"_ _0\"></span> 31.12.2022 31.12.2021 Media 2022 Media 2021 Dirigenti              90               94 <span class=\"_ _0\"></span>              93 <span class=\"_ _0\"></span>              95 <span class=\"_ _0\"></span> Impiegati e quadri<span class=\"_ _0\"></span>         1.390          1.408          1.396          1.422  Giornalisti e collabor<span class=\"_ _0\"></span>atori            <span class=\"ls12\">331 </span>            <span class=\"ls12\">334 </span>            <span class=\"ls12\">331 </span>            <span class=\"ls12\">337 </span> Grafici              71               71 <span class=\"_ _0\"></span>              72 <span class=\"_ _0\"></span>              74 <span class=\"_ _0\"></span> Operai         1.849          1.813          1.856          1.788  Totale         3.731          3.720          3.748          3.715",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__98": {
   "value": "19.<span class=\"ls0\"> <span class=\"_ _0\"></span>Fondi  </span>Fondo ripristino e<span class=\"_ _0\"></span> Fondi verten<span class=\"_ _0\"></span>ze smantellamento<span class=\"_ _0\"></span> Altri Rischi  Totale e liti cave<span class=\"ls0\"> </span>Saldo al 1 genna<span class=\"_ _0\"></span>io 2021 8.202 22.298 19.958 50.458 Accantonamen<span class=\"_ _0\"></span>ti 32<span class=\"ls0\"> </span>                        <span class=\"_ _0\"></span>  740  9.682 10.454 Utilizzo (1.355) (382)<span class=\"ls0\"> </span>(7.050) (8.787) Decrementi                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>(12)<span class=\"ls0\"> </span>(1.178) (1.190) Differenza ca<span class=\"_ _0\"></span>mbio                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>(774)<span class=\"ls0\"> </span>(713)<span class=\"ls0\"> </span>(1.487) (Utili)/perdite attuar<span class=\"_ _0\"></span>iali netti<span class=\"_ _0\"></span> <span class=\"ff6\">rilevati nell\u2019esercizio</span>                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>                        <span class=\"_ _0\"></span>     -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>(149)<span class=\"ls0\"> </span>(149)<span class=\"ls0\"> </span>Saldo al 31 dicem<span class=\"_ _0\"></span>bre 2021 6.879 21.870 20.550 49.299 Di cui: Quota corren<span class=\"_ _0\"></span>te 6.879 293<span class=\"ls0\"> </span>9.194 16.366 Quota non corr<span class=\"_ _0\"></span>ente                      -   <span class=\"_ _0\"></span>                      21.577<span class=\"_ _0\"></span>            11.356  32.933 Totale 6.879 21.870 20.550 49.299 Saldo al 1 genna<span class=\"_ _0\"></span>io 2022 6.879 21.870 20.550 49.299 Accantonamen<span class=\"_ _0\"></span>ti 705<span class=\"ls0\"> </span>                       1.606<span class=\"_ _0\"></span>  5.483 7.794 Utilizzo (235)<span class=\"ls0\"> </span>(55)<span class=\"ls0\"> </span>(9.091) (9.381) Decrementi                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>(127)<span class=\"ls0\"> </span>(156)<span class=\"ls0\"> </span>(283)<span class=\"ls0\"> </span>Differenza ca<span class=\"_ _0\"></span>mbio                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>(666)<span class=\"ls0\"> </span>(416)<span class=\"ls0\"> </span>(1.082) (Utili)/perdite attuar<span class=\"_ _0\"></span>iali netti<span class=\"_ _0\"></span> rilevati <span class=\"ff6\">nell\u2019esercizio</span>                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>                        <span class=\"_ _0\"></span>     -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>71<span class=\"ls0\"> </span>71<span class=\"ls0\"> </span>Altre variazioni<span class=\"_ _0\"></span>                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>1.122                  -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>1.122 Saldo al 31 dicem<span class=\"_ _0\"></span>bre 2022 7.349 23.750 16.441 47.540 Di cui: Quota corren<span class=\"_ _0\"></span>te 7.349 153<span class=\"ls0\"> </span>6.556 14.058 Quota non corr<span class=\"_ _0\"></span>ente                      -   <span class=\"_ _0\"></span>                      23.597<span class=\"_ _0\"></span>              9.885  33.482 Totale 7.349 23.750 16.441 47.540  <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>Il <span class=\"_ _3\"></span>fondo <span class=\"_ _3\"></span>vertenze <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>liti,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>,3 <span class=\"_ _3\"></span>milioni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Euro, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>formato <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>accantona<span class=\"_ _0\"></span>menti <span class=\"_ _3\"></span>effet<span class=\"_ _0\"></span>tuati principalmente <span class=\"_ _5\"></span>dalle <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>editoriali <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>Caltagirone <span class=\"_ _5\"></span>Editore, <span class=\"_ _a\"></span>a <span class=\"_ _4\"></span>fronte <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>passivit\u00e0 derivanti <span class=\"_ _4\"></span>da <span class=\"_ _1\"></span>richieste <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>indennizzi<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>principalmente<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>diffamazion<span class=\"_ _0\"></span>e. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>fondo <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>stato <span class=\"_ _4\"></span>stimato<span class=\"_ _0\"></span> tenendo <span class=\"_\"> </span>c<span class=\"_ _0\"></span>onto <span class=\"_ _b\"> </span>della <span class=\"_ _b\"> </span>pa<span class=\"_ _0\"></span>rtic<span class=\"ff6\">olare <span class=\"_\"> </span>natu<span class=\"_ _0\"></span>ra <span class=\"_\"> </span>del<span class=\"_ _0\"></span>l\u2019attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_\"> </span>ese<span class=\"_ _0\"></span>rcitata, <span class=\"_ _b\"> </span>sulla <span class=\"_ _b\"> </span>base <span class=\"_ _b\"> </span>dell\u2019<span class=\"_ _0\"></span>esperienza </span>maturata <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>situazioni <span class=\"_ _5\"></span>analog<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>tutte <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>informazioni <span class=\"_ _5\"></span>disponibili <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _a\"></span>di redazione <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>presente <span class=\"_ _4\"></span>Bilan<span class=\"_ _0\"></span>cio <span class=\"_ _4\"></span>consolidato, <span class=\"_ _1\"></span>considerando <span class=\"_ _4\"></span>l\u2019obi<span class=\"_ _0\"></span>ettiva <span class=\"_ _4\"></span>difficolt\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>stimare <span class=\"_ _4\"></span>gli<span class=\"ff2\"> </span>oneri e la tempisti<span class=\"_ _0\"></span>ca connessi alle sin<span class=\"_ _0\"></span>gole cause in corso<span class=\"_ _0\"></span>.   <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>Il fondo ripris<span class=\"_ _0\"></span>tino e<span class=\"_ _0\"></span> sman<span class=\"_ _0\"></span>tellamento cave<span class=\"_ _0\"></span>, pari <span class=\"_ _0\"></span>a <span class=\"ls2\">23<span class=\"_ _0\"></span><span class=\"ls0\">,8 mil<span class=\"_ _0\"></span>ioni di<span class=\"_ _0\"></span> Euro, \u00e8<span class=\"_ _0\"></span> accantonato<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> </span></span>relazione <span class=\"_ _1\"></span>ad <span class=\"_ _1\"></span>interventi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>pulizia <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>manutenzion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>sulle <span class=\"_ _1\"></span>cave <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>l\u2019estrazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>materie prime delle socie<span class=\"_ _0\"></span>t\u00e0 cementiere da<span class=\"_ _0\"></span> effettuarsi ent<span class=\"_ _0\"></span>ro la scadenza<span class=\"_ _0\"></span> delle conce<span class=\"_ _0\"></span>ssioni di utili<span class=\"_ _0\"></span>zzo.  <span class=\"_ _24\"> </span>I <span class=\"_ _0\"></span>fondi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>relativi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>agli <span class=\"_ _3\"></span>altri <span class=\"_ _0\"></span>rischi <span class=\"_ _3\"></span>includono <span class=\"_ _0\"></span>princi<span class=\"_ _0\"></span>palmente <span class=\"_ _3\"></span>fondi <span class=\"_ _0\"></span>per <span class=\"_ _3\"></span>spese <span class=\"_ _0\"></span>ambi<span class=\"_ _0\"></span>entali, <span class=\"_ _3\"></span>rischi per oneri di ris<span class=\"_ _0\"></span>trutturazio<span class=\"_ _0\"></span>ne aziendale e <span class=\"_ _0\"></span>rischi per contenziosi di na<span class=\"_ _0\"></span>tura fiscal<span class=\"_ _0\"></span>e.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__97": {
   "value": "19.<span class=\"ls0\"> <span class=\"_ _0\"></span>Fondi  </span>Fondo ripristino e<span class=\"_ _0\"></span> Fondi verten<span class=\"_ _0\"></span>ze smantellamento<span class=\"_ _0\"></span> Altri Rischi  Totale e liti cave<span class=\"ls0\"> </span>Saldo al 1 genna<span class=\"_ _0\"></span>io 2021 8.202 22.298 19.958 50.458 Accantonamen<span class=\"_ _0\"></span>ti 32<span class=\"ls0\"> </span>                        <span class=\"_ _0\"></span>  740  9.682 10.454 Utilizzo (1.355) (382)<span class=\"ls0\"> </span>(7.050) (8.787) Decrementi                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>(12)<span class=\"ls0\"> </span>(1.178) (1.190) Differenza ca<span class=\"_ _0\"></span>mbio                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>(774)<span class=\"ls0\"> </span>(713)<span class=\"ls0\"> </span>(1.487) (Utili)/perdite attuar<span class=\"_ _0\"></span>iali netti<span class=\"_ _0\"></span> <span class=\"ff6\">rilevati nell\u2019esercizio</span>                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>                        <span class=\"_ _0\"></span>     -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>(149)<span class=\"ls0\"> </span>(149)<span class=\"ls0\"> </span>Saldo al 31 dicem<span class=\"_ _0\"></span>bre 2021 6.879 21.870 20.550 49.299 Di cui: Quota corren<span class=\"_ _0\"></span>te 6.879 293<span class=\"ls0\"> </span>9.194 16.366 Quota non corr<span class=\"_ _0\"></span>ente                      -   <span class=\"_ _0\"></span>                      21.577<span class=\"_ _0\"></span>            11.356  32.933 Totale 6.879 21.870 20.550 49.299 Saldo al 1 genna<span class=\"_ _0\"></span>io 2022 6.879 21.870 20.550 49.299 Accantonamen<span class=\"_ _0\"></span>ti 705<span class=\"ls0\"> </span>                       1.606<span class=\"_ _0\"></span>  5.483 7.794 Utilizzo (235)<span class=\"ls0\"> </span>(55)<span class=\"ls0\"> </span>(9.091) (9.381) Decrementi                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>(127)<span class=\"ls0\"> </span>(156)<span class=\"ls0\"> </span>(283)<span class=\"ls0\"> </span>Differenza ca<span class=\"_ _0\"></span>mbio                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>(666)<span class=\"ls0\"> </span>(416)<span class=\"ls0\"> </span>(1.082) (Utili)/perdite attuar<span class=\"_ _0\"></span>iali netti<span class=\"_ _0\"></span> rilevati <span class=\"ff6\">nell\u2019esercizio</span>                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>                        <span class=\"_ _0\"></span>     -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>71<span class=\"ls0\"> </span>71<span class=\"ls0\"> </span>Altre variazioni<span class=\"_ _0\"></span>                      -  <span class=\"fc7 sc0\"> </span><span class=\"_ _0\"></span><span class=\"fc7 sc0\"> </span>1.122                  -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>1.122 Saldo al 31 dicem<span class=\"_ _0\"></span>bre 2022 7.349 23.750 16.441 47.540 Di cui: Quota corren<span class=\"_ _0\"></span>te 7.349 153<span class=\"ls0\"> </span>6.556 14.058 Quota non corr<span class=\"_ _0\"></span>ente                      -   <span class=\"_ _0\"></span>                      23.597<span class=\"_ _0\"></span>              9.885  33.482 Totale 7.349 23.750 16.441 47.540  <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>Il <span class=\"_ _3\"></span>fondo <span class=\"_ _3\"></span>vertenze <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>liti,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>,3 <span class=\"_ _3\"></span>milioni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Euro, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>formato <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>accantona<span class=\"_ _0\"></span>menti <span class=\"_ _3\"></span>effet<span class=\"_ _0\"></span>tuati principalmente <span class=\"_ _5\"></span>dalle <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>editoriali <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>Caltagirone <span class=\"_ _5\"></span>Editore, <span class=\"_ _a\"></span>a <span class=\"_ _4\"></span>fronte <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>passivit\u00e0 derivanti <span class=\"_ _4\"></span>da <span class=\"_ _1\"></span>richieste <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>indennizzi<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>principalmente<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>diffamazion<span class=\"_ _0\"></span>e. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>fondo <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _4\"></span>stato <span class=\"_ _4\"></span>stimato<span class=\"_ _0\"></span> tenendo <span class=\"_\"> </span>c<span class=\"_ _0\"></span>onto <span class=\"_ _b\"> </span>della <span class=\"_ _b\"> </span>pa<span class=\"_ _0\"></span>rtic<span class=\"ff6\">olare <span class=\"_\"> </span>natu<span class=\"_ _0\"></span>ra <span class=\"_\"> </span>del<span class=\"_ _0\"></span>l\u2019attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_\"> </span>ese<span class=\"_ _0\"></span>rcitata, <span class=\"_ _b\"> </span>sulla <span class=\"_ _b\"> </span>base <span class=\"_ _b\"> </span>dell\u2019<span class=\"_ _0\"></span>esperienza </span>maturata <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>situazioni <span class=\"_ _5\"></span>analog<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>tutte <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>informazioni <span class=\"_ _5\"></span>disponibili <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _a\"></span>di redazione <span class=\"_ _1\"></span>del <span class=\"_ _4\"></span>presente <span class=\"_ _4\"></span>Bilan<span class=\"_ _0\"></span>cio <span class=\"_ _4\"></span>consolidato, <span class=\"_ _1\"></span>considerando <span class=\"_ _4\"></span>l\u2019obi<span class=\"_ _0\"></span>ettiva <span class=\"_ _4\"></span>difficolt\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>stimare <span class=\"_ _4\"></span>gli<span class=\"ff2\"> </span>oneri e la tempisti<span class=\"_ _0\"></span>ca connessi alle sin<span class=\"_ _0\"></span>gole cause in corso<span class=\"_ _0\"></span>.   <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>Il fondo ripris<span class=\"_ _0\"></span>tino e<span class=\"_ _0\"></span> sman<span class=\"_ _0\"></span>tellamento cave<span class=\"_ _0\"></span>, pari <span class=\"_ _0\"></span>a <span class=\"ls2\">23<span class=\"_ _0\"></span><span class=\"ls0\">,8 mil<span class=\"_ _0\"></span>ioni di<span class=\"_ _0\"></span> Euro, \u00e8<span class=\"_ _0\"></span> accantonato<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> </span></span>relazione <span class=\"_ _1\"></span>ad <span class=\"_ _1\"></span>interventi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>pulizia <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _1\"></span>manutenzion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>sulle <span class=\"_ _1\"></span>cave <span class=\"_ _1\"></span>per <span class=\"_ _4\"></span>l\u2019estrazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>materie prime delle socie<span class=\"_ _0\"></span>t\u00e0 cementiere da<span class=\"_ _0\"></span> effettuarsi ent<span class=\"_ _0\"></span>ro la scadenza<span class=\"_ _0\"></span> delle conce<span class=\"_ _0\"></span>ssioni di utili<span class=\"_ _0\"></span>zzo.  <span class=\"_ _24\"> </span>I <span class=\"_ _0\"></span>fondi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>relativi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>agli <span class=\"_ _3\"></span>altri <span class=\"_ _0\"></span>rischi <span class=\"_ _3\"></span>includono <span class=\"_ _0\"></span>princi<span class=\"_ _0\"></span>palmente <span class=\"_ _3\"></span>fondi <span class=\"_ _0\"></span>per <span class=\"_ _3\"></span>spese <span class=\"_ _0\"></span>ambi<span class=\"_ _0\"></span>entali, <span class=\"_ _3\"></span>rischi per oneri di ris<span class=\"_ _0\"></span>trutturazio<span class=\"_ _0\"></span>ne aziendale e <span class=\"_ _0\"></span>rischi per contenziosi di na<span class=\"_ _0\"></span>tura fiscal<span class=\"_ _0\"></span>e.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__100": {
   "value": "20.<span class=\"ls0\"> <span class=\"_ _0\"></span>Passivit\u00e0 f<span class=\"_ _0\"></span>inanziarie co<span class=\"_ _0\"></span>rrenti e non co<span class=\"_ _0\"></span>rrenti </span>31.12.2022 31.12.2021 Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie  non corre<span class=\"_ _0\"></span>nti Debiti per beni<span class=\"_ _0\"></span> in leasing           49.829            51.338  Debiti per beni<span class=\"_ _0\"></span> in leasing verso<span class=\"_ _0\"></span> societ\u00e0 sotto<span class=\"_ _0\"></span>           13.640            12.649  comune controllo<span class=\"_ _0\"></span> Debiti verso ban<span class=\"_ _0\"></span>che          293.374          316.301  Fair value degli <span class=\"_ _0\"></span>strumenti der<span class=\"_ _0\"></span>ivati di copertura           13.455              9.762  Totale Passivit\u00e0 f<span class=\"_ _0\"></span>inanziarie <span class=\"_ _0\"></span>non corre<span class=\"_ _0\"></span>nti         370.298          390.050  Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie correnti Debiti verso ban<span class=\"_ _0\"></span>che            25.824            40.112  Quota a breve di<span class=\"_ _0\"></span> finanziamen<span class=\"_ _0\"></span>ti non correnti           81.976            72.140  Fair value degli <span class=\"_ _0\"></span>strumenti der<span class=\"_ _0\"></span>ivati di copertura             1.323              5.366  Debiti per beni<span class=\"_ _0\"></span> in leasing           26.825            25.512  Debiti per beni<span class=\"_ _0\"></span> in leasing verso<span class=\"_ _0\"></span> societ\u00e0 sotto<span class=\"_ _0\"></span>             3.292              4.570  comune controllo<span class=\"_ _0\"></span> Altri debiti finan<span class=\"_ _0\"></span>ziari verso impre<span class=\"_ _0\"></span>se con<span class=\"_ _0\"></span>sortili                 <span class=\"ls12\">356 </span>                <span class=\"ls12\">356 </span> Altri debiti finan<span class=\"_ _0\"></span>ziari              5.183              4.572  Ratei passivi<span class=\"_ _0\"></span> su interessi                 <span class=\"ls12\">526 </span>                  <span class=\"ls12\">41 </span>  Totale Passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie<span class=\"_ _0\"></span> correnti          145.304          152.669   Totale Passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie<span class=\"_ _0\"></span>          515.602          542.719   <span class=\"_ _24\"> </span>Per <span class=\"_ _1\"></span>quanto <span class=\"_ _1\"></span>concerne <span class=\"_ _4\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>correnti <span class=\"_ _4\"></span>e <span class=\"_ _1\"></span>correnti,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _4\"></span>valore <span class=\"_ _1\"></span>contabile \u00e8 un\u2019approssimazi<span class=\"_ _0\"></span><span class=\"ff2\">one ragionevo<span class=\"_ _0\"></span>le del fair value. </span> <span class=\"_ _24\"> </span>Al <span class=\"_ _0\"></span>31 di<span class=\"_ _0\"></span>cembre <span class=\"ls2\">202</span>2 <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>totale <span class=\"_ _3\"></span>delle passivi<span class=\"_ _0\"></span>t\u00e0 finanzi<span class=\"_ _0\"></span>arie \u00e8 <span class=\"_ _3\"></span>att<span class=\"_ _1\"></span>ribuibile <span class=\"_ _0\"></span>per 3<span class=\"ls2\">11<span class=\"_ _0\"></span><span class=\"ls0\">,1 mil<span class=\"_ _0\"></span>ioni <span class=\"_ _0\"></span>di </span></span>euro al <span class=\"_ _0\"></span>Gruppo C<span class=\"_ _0\"></span>ementir, <span class=\"_ _0\"></span>per <span class=\"ls2\">16</span>4,2 <span class=\"_ _0\"></span>mili<span class=\"_ _0\"></span>oni di <span class=\"_ _0\"></span>euro al G<span class=\"_ _0\"></span>ruppo Viani<span class=\"_ _0\"></span>ni, pe<span class=\"_ _0\"></span>r 14,7 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>di euro<span class=\"_ _0\"></span> al <span class=\"_ _a\"></span>Gruppo <span class=\"_ _5\"></span>Vianini <span class=\"_ _5\"></span>Lavori, <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>23,1<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>Gruppo <span class=\"_ _5\"></span>Caltagirone <span class=\"_ _5\"></span>Editore <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _17\"></span>2,<span class=\"ls16\">5 </span>milioni di euro a Cal<span class=\"_ _0\"></span>tagiron<span class=\"_ _0\"></span>e Spa ed alle al<span class=\"_ _0\"></span>tre societ\u00e0 control<span class=\"_ _0\"></span>late.    <span class=\"_ _24\"> </span>Con <span class=\"_ _15\"> </span>riferimento <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>Gruppo <span class=\"_ _15\"> </span>Vianini<span class=\"_ _0\"></span>, <span class=\"_ _15\"> </span>tali <span class=\"_ _15\"> </span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>non <span class=\"_ _15\"> </span>correnti <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"> </span>attribuibili<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>in prevalenza <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>Domus <span class=\"_ _19\"> </span>(controllato <span class=\"_ _19\"> </span>da <span class=\"_ _16\"> </span>Viani<span class=\"_ _0\"></span>ni <span class=\"_ _19\"> </span>SpA) <span class=\"_ _19\"> </span>per <span class=\"_ _16\"> </span>lo <span class=\"_ _19\"> </span>svolgimento <span class=\"_ _19\"> </span>dell\u2019attivit\u00e0 immobiliare.  <span class=\"_ _24\"> </span>I debiti <span class=\"_ _0\"></span>per beni<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> leasing<span class=\"_ _0\"></span> verso so<span class=\"_ _0\"></span>ciet\u00e0<span class=\"_ _0\"></span> sotto <span class=\"_ _0\"></span>comune <span class=\"_ _0\"></span>control<span class=\"_ _0\"></span>lo riguardano <span class=\"_ _0\"></span>i con<span class=\"_ _0\"></span>tratti <span class=\"_ _0\"></span>di affitto <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>sedi <span class=\"_ _a\"></span>sociali <span class=\"_ _5\"></span>della <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>alcun<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>controllate, <span class=\"_ _5\"></span>contabili<span class=\"_ _0\"></span>zzati <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>accordo all\u2019IFRS<span class=\"_ _0\"></span> 16.<span class=\"ff2\"> </span> <span class=\"_ _24\"> </span>Gli <span class=\"_ _15\"> </span>altri <span class=\"_ _18\"> </span>debiti <span class=\"_ _15\"> </span>finanziari <span class=\"_ _15\"> </span>sono <span class=\"_ _15\"> </span>costituiti <span class=\"_ _15\"> </span>principalmente <span class=\"_ _15\"> </span>dagli <span class=\"_ _15\"> </span>incassi <span class=\"_ _15\"> </span>operati <span class=\"_ _15\"> </span>dalla controllata Vian<span class=\"_ _0\"></span>ini Lavori nella sua qual<span class=\"_ _0\"></span>it\u00e0 di man<span class=\"_ _0\"></span>dataria dei Raggruppa<span class=\"_ _0\"></span>menti Temporanei<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> imprese <span class=\"_ _b\"> </span>cui <span class=\"_ _b\"> </span>partecipa<span class=\"_ _0\"></span>, <span class=\"_\"> </span>da<span class=\"_ _0\"></span> <span class=\"_\"> </span>trasfe<span class=\"_ _0\"></span>rire <span class=\"_ _b\"> </span>alle <span class=\"_ _b\"> </span>mandanti <span class=\"_ _b\"> </span>dei <span class=\"_ _14\"> </span>raggruppamenti <span class=\"_\"> </span>al<span class=\"_ _0\"></span>la <span class=\"_ _b\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_\"> </span>de<span class=\"_ _0\"></span>l <span class=\"_\"> </span>3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> dicembre <span class=\"ls2\">202</span>2.  <span class=\"_ _24\"> </span>Relativamente<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>totale <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _a\"></span>co<span class=\"_ _0\"></span>rrenti <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>si <span class=\"_ _a\"></span>evidenzi<span class=\"_ _0\"></span>a che circa <span class=\"lsf\">il </span>60,4% p<span class=\"_ _0\"></span>revede il rispe<span class=\"_ _0\"></span>tto di sogl<span class=\"_ _0\"></span>ie di parame<span class=\"_ _0\"></span>tri finanziari<span class=\"_ _0\"></span> (<span class=\"ff7\">covenant</span>)<span class=\"ff7\"> </span>che risultan<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> rispettate alla da<span class=\"_ _0\"></span>ta del 31 di<span class=\"_ _0\"></span>cembre <span class=\"ls2\">202</span>2.   <span class=\"_ _24\"> </span>A <span class=\"_ _19\"> </span>t<span class=\"_ _1\"></span>al <span class=\"_ _19\"> </span>f<span class=\"_ _1\"></span>ine <span class=\"_ _19\"> </span>si <span class=\"_ _16\"> </span>precisa <span class=\"_ _19\"> </span>che <span class=\"_ _16\"> </span>i <span class=\"_ _16\"> </span><span class=\"ff7\">covenant</span> <span class=\"_ _19\"> </span>da <span class=\"_ _16\"> </span>rispettare <span class=\"_ _19\"> </span>sono <span class=\"_ _16\"> </span>costituiti <span class=\"_ _19\"> </span>principalmente <span class=\"_ _19\"> </span>dal rapporto <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>l\u2019indeb<span class=\"_ _0\"></span>itamento <span class=\"_ _3\"></span>finanziario <span class=\"_ _3\"></span>netto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>margine <span class=\"_ _3\"></span>operativo <span class=\"_ _3\"></span>lordo <span class=\"_ _2b\"></span>a <span class=\"_ _0\"></span>livel<span class=\"_ _0\"></span>lo <span class=\"_ _3\"></span>consolidato ed il rapporto tra<span class=\"_ _0\"></span> il margi<span class=\"_ _0\"></span>ne operativo lordo<span class=\"_ _0\"></span> e gli oneri finanzi<span class=\"_ _0\"></span>ari netti.  <span class=\"_ _24\"> </span>La scadenza dei debi<span class=\"_ _0\"></span>ti finanziari cor<span class=\"_ _0\"></span>renti \u00e8 la seguente: 31.12.2022 31.12.2021 Entro 3 mesi<span class=\"_ _0\"></span>           50.462<span class=\"_ _0\"></span>            60.031<span class=\"_ _0\"></span>  Tra 3 mesi ed 1 ann<span class=\"_ _0\"></span>o           94.842<span class=\"_ _0\"></span>            92.638<span class=\"_ _0\"></span>  Tra 1 e 2 anni<span class=\"_ _0\"></span>           81.379<span class=\"_ _0\"></span>            93.967<span class=\"_ _0\"></span>  Tra 2 e 5 anni<span class=\"_ _0\"></span>           88.946<span class=\"_ _0\"></span>          112.285<span class=\"_ _0\"></span>  oltre 5 anni         199.973<span class=\"_ _0\"></span>          183.798<span class=\"_ _0\"></span>   Totale Passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie<span class=\"_ _0\"></span>           515.602<span class=\"_ _0\"></span>          542.718<span class=\"_ _0\"></span>  31.12.2022 31.12.2021 Passivit\u00e0 a tas<span class=\"_ _0\"></span>so di interesse<span class=\"_ _0\"></span> variabile         480.915<span class=\"_ _0\"></span>          508.257<span class=\"_ _0\"></span>  Passivit\u00e0 a tas<span class=\"_ _0\"></span>so di interesse<span class=\"_ _0\"></span> fisso           34.687<span class=\"_ _0\"></span>            34.462<span class=\"_ _0\"></span>   Totale Passiv<span class=\"_ _0\"></span>it\u00e0 finanziarie<span class=\"_ _0\"></span>           515.602<span class=\"_ _0\"></span>          542.719",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__102": {
   "value": "22.<span class=\"ls0\"> <span class=\"_ _0\"></span>Debiti com<span class=\"_ _0\"></span>merciali </span>31.12.2022 31.12.2021 Debiti verso forn<span class=\"_ _0\"></span>itori       383.760       304.819  Acconti           7.291           6.987  Totale debiti vers<span class=\"_ _0\"></span>o terzi       391.051       311.806  Debiti verso corr<span class=\"_ _0\"></span>elate         22.554         10.358  Totale debiti co<span class=\"_ _0\"></span>mmerciali       413.605       322.164  Quota corren<span class=\"_ _0\"></span>te       408.007       315.561  Quota non corr<span class=\"_ _0\"></span>ente           5.598           6.603  Totale       413.605       322.164   <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>La <span class=\"_ _3\"></span>voce <span class=\"_ _0\"></span>debiti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>commerciali <span class=\"_ _3\"></span>accoglie <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>debiti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>forniture <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>materie <span class=\"_ _3\"></span>prime, <span class=\"_ _3\"></span>combustibi<span class=\"_ _0\"></span>li,<span class=\"_ _0\"></span> energia, m<span class=\"_ _1\"></span>ateriali<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>apparecchiature e <span class=\"_ _1\"></span>quelli <span class=\"_ _1\"></span>relativi ad <span class=\"_ _4\"></span>appal<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>prestazioni diverse <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>fronte di attivit\u00e0 svolte<span class=\"_ _0\"></span> nell\u2019esercizi<span class=\"_ _0\"></span>o chiuso al 31 dicemb<span class=\"_ _0\"></span>re <span class=\"ff2 ls2\">20<span class=\"ls0\">22. </span></span> <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>Tra <span class=\"_ _8\"> </span>i <span class=\"_ _8\"> </span>debiti <span class=\"_ _23\"> </span>verso <span class=\"_ _8\"> </span>correlate <span class=\"_ _23\"> </span>sono <span class=\"_ _8\"> </span>compresi <span class=\"_ _8\"> </span>i <span class=\"_ _8\"> </span>debiti <span class=\"_ _8\"> </span>verso<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>imprese <span class=\"_ _23\"> </span>consortili, rappresentativi <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>rapporti <span class=\"_ _b\"> </span>com<span class=\"_ _0\"></span>merciali <span class=\"_ _14\"> </span>intrattenuti <span class=\"_ _14\"> </span>a <span class=\"_\"> </span>no<span class=\"_ _0\"></span>rmali <span class=\"_ _14\"> </span>condizioni <span class=\"_ _14\"> </span>di <span class=\"_ _b\"> </span>merca<span class=\"_ _0\"></span>to <span class=\"_ _b\"> </span>dall<span class=\"_ _0\"></span>a controllata Vianini<span class=\"_ _0\"></span> Lavori con <span class=\"_ _1\"></span>consorzi e societ\u00e0 consortili costituite per l\u2019e<span class=\"_ _0\"></span>secuzion<span class=\"ff2\">e <span class=\"_ _1\"></span>unitaria<span class=\"_ _0\"></span> </span>delle commesse acqui<span class=\"_ _0\"></span>site in Raggruppa<span class=\"_ _0\"></span>menti Temporanei di<span class=\"_ _0\"></span> Imprese.  <span class=\"_ _24\"> </span> <span class=\"_ _18\"> </span>Il valore dei debiti co<span class=\"_ _0\"></span>mmercial<span class=\"_ _0\"></span>i \u00e8 rappresentativo <span class=\"_ _0\"></span>del loro fair value<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__105": {
   "value": "25.<span class=\"ls0\"> <span class=\"_ _0\"></span>Costi ope<span class=\"_ _0\"></span>rativi </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Acquisto materie prime e semilavorati      <span class=\"ls0\">404.112  </span>     <span class=\"ls0\">299.399  </span>Acquisto combustibili      <span class=\"ls0\">235.406  </span>     <span class=\"ls0\">140.054  </span>Energia elettrica      <span class=\"ls0\">151.645  </span>     <span class=\"ls0\">100.533  </span>Materie prime per editoria           <span class=\"ls0\">9.660 <span class=\"_ _0\"></span> </span>          <span class=\"ls0\">5.461 <span class=\"_ _0\"></span> </span>Altre materie prime         <span class=\"ls0\">58.309  </span>        <span class=\"ls0\">51.489 <span class=\"_ _0\"></span> </span>Variazione delle rimanenze materie prime e merci (15.781) (19.369) Totale costi per materie prime 843.350 577.567 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Trasporti 232.206 186.578 Prestazioni di imprese e manutenzioni 94.034 89.340 Ribaltamento costi societ\u00e0 consortili 50.483 43.856 Subappalti  3.237 8.429 Consulenze 22.127 14.718 Servizi redazionali 8.743 8.847 Assicurazione 4.720 4.400 Altri costi 75.319 68.727 Totale costi per servizi 490.870 424.896 Fitti e noleggi 12.582 11.319 Totale costi per godimento beni di terzi 12.582 11.319 Totale oneri diversi di gestione 39.897 43.261 Totale altri costi operativi 543.348 479.476 di cui verso correlate 52.291 44.590 Il <span class=\"_ _1\"></span>costo <span class=\"_ _4\"></span>delle m<span class=\"_ _1\"></span>aterie <span class=\"_ _1\"></span>prime <span class=\"_ _1\"></span>risulta <span class=\"_ _4\"></span>pari<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>8<span class=\"ls2\">43</span>,<span class=\"_ _1\"></span>4 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Euro <span class=\"_ _4\"></span>(577,6 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Euro nel <span class=\"_ _1\"></span><span class=\"ls2\">2021</span>), <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>aumento per <span class=\"_ _1\"></span>effetto <span class=\"_ _1\"></span><span class=\"ff6\">dell\u2019aumento <span class=\"_ _1\"></span>generalizzato<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>prezzo dei <span class=\"_ _1\"></span>combustibili<span class=\"ff2\"> <span class=\"_ _1\"></span>sui </span></span>mercati internazi<span class=\"_ _0\"></span>onali. <span class=\"_ _40\"> </span> \u00c8 <span class=\"_ _4\"></span><span class=\"ff6 ls0\">opportuno <span class=\"_ _5\"></span>precisare <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>voce <span class=\"_ _4\"></span>\u201cCosti <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>servizi\u201d <span class=\"_ _4\"></span>comprende <span class=\"_ _4\"></span>anche <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>quote <span class=\"_ _5\"></span>di </span>competenza <span class=\"_\"> </span>della <span class=\"_ _6\"> </span>controllata <span class=\"_\"> </span>Vianini <span class=\"_\"> </span>Lavori <span class=\"_ _6\"> </span>per <span class=\"_ _15\"> </span>prestazioni<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>rese <span class=\"_ _6\"> </span>da <span class=\"_\"> </span>Societ\u00e0 <span class=\"_ _6\"> </span>operative costituite <span class=\"_ _8\"> </span>per <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>esecu<span class=\"_ _0\"></span>zione <span class=\"_ _8\"> </span>unitaria <span class=\"_ _9\"> </span>di <span class=\"_ _8\"> </span>opere, <span class=\"_ _9\"> </span>acquisite <span class=\"_ _8\"> </span>nell'ambito <span class=\"_ _8\"> </span>di <span class=\"_ _9\"> </span>associazioni<span class=\"_ _0\"></span> temporanee <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>imprese, <span class=\"_ _1e\"> </span>per <span class=\"_ _23\"> </span>un <span class=\"_ _1e\"> </span>ammontare <span class=\"_ _1e\"> </span>complessi<span class=\"_ _0\"></span>vo <span class=\"_ _1e\"> </span>di <span class=\"_ _23\"> </span>50,5 <span class=\"_ _1e\"> </span>milioni <span class=\"_ _1e\"> </span>di <span class=\"_ _23\"> </span>Euro <span class=\"_ _1e\"> </span>in rappresentanza dei<span class=\"_ _0\"></span> seguenti valori:<span class=\"_ _0\"></span> 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Lavoro dipende<span class=\"_ _0\"></span>nte            6.016  5.286 Materiali            9.500  5.984 Prestazioni di <span class=\"_ _0\"></span>terzi          33.107  31.288 Spese diver<span class=\"_ _0\"></span>se               <span class=\"ls12\">720 </span> 500<span class=\"ls0\"> </span>Oneri /(Proventi) <span class=\"_ _0\"></span>finanziari               <span class=\"ls12\">803 </span> 555<span class=\"ls0\"> </span>Ammortamenti<span class=\"_ _0\"></span> 337<span class=\"ls0\"> </span>243<span class=\"ls0\"> </span>Totale 50.483 43.856",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__104-1": {
   "value": "25.<span class=\"ls0\"> <span class=\"_ _0\"></span>Costi ope<span class=\"_ _0\"></span>rativi </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Acquisto materie prime e semilavorati      <span class=\"ls0\">404.112  </span>     <span class=\"ls0\">299.399  </span>Acquisto combustibili      <span class=\"ls0\">235.406  </span>     <span class=\"ls0\">140.054  </span>Energia elettrica      <span class=\"ls0\">151.645  </span>     <span class=\"ls0\">100.533  </span>Materie prime per editoria           <span class=\"ls0\">9.660 <span class=\"_ _0\"></span> </span>          <span class=\"ls0\">5.461 <span class=\"_ _0\"></span> </span>Altre materie prime         <span class=\"ls0\">58.309  </span>        <span class=\"ls0\">51.489 <span class=\"_ _0\"></span> </span>Variazione delle rimanenze materie prime e merci (15.781) (19.369) Totale costi per materie prime 843.350 577.567 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Trasporti 232.206 186.578 Prestazioni di imprese e manutenzioni 94.034 89.340 Ribaltamento costi societ\u00e0 consortili 50.483 43.856 Subappalti  3.237 8.429 Consulenze 22.127 14.718 Servizi redazionali 8.743 8.847 Assicurazione 4.720 4.400 Altri costi 75.319 68.727 Totale costi per servizi 490.870 424.896 Fitti e noleggi 12.582 11.319 Totale costi per godimento beni di terzi 12.582 11.319 Totale oneri diversi di gestione 39.897 43.261 Totale altri costi operativi 543.348 479.476 di cui verso correlate 52.291 44.590 Il <span class=\"_ _1\"></span>costo <span class=\"_ _4\"></span>delle m<span class=\"_ _1\"></span>aterie <span class=\"_ _1\"></span>prime <span class=\"_ _1\"></span>risulta <span class=\"_ _4\"></span>pari<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>8<span class=\"ls2\">43</span>,<span class=\"_ _1\"></span>4 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Euro <span class=\"_ _4\"></span>(577,6 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Euro nel <span class=\"_ _1\"></span><span class=\"ls2\">2021</span>), <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>aumento per <span class=\"_ _1\"></span>effetto <span class=\"_ _1\"></span><span class=\"ff6\">dell\u2019aumento <span class=\"_ _1\"></span>generalizzato<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>prezzo dei <span class=\"_ _1\"></span>combustibili<span class=\"ff2\"> <span class=\"_ _1\"></span>sui </span></span>mercati internazi<span class=\"_ _0\"></span>onali. <span class=\"_ _40\"> </span> \u00c8 <span class=\"_ _4\"></span><span class=\"ff6 ls0\">opportuno <span class=\"_ _5\"></span>precisare <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>voce <span class=\"_ _4\"></span>\u201cCosti <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>servizi\u201d <span class=\"_ _4\"></span>comprende <span class=\"_ _4\"></span>anche <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>quote <span class=\"_ _5\"></span>di </span>competenza <span class=\"_\"> </span>della <span class=\"_ _6\"> </span>controllata <span class=\"_\"> </span>Vianini <span class=\"_\"> </span>Lavori <span class=\"_ _6\"> </span>per <span class=\"_ _15\"> </span>prestazioni<span class=\"_ _0\"></span> <span class=\"_ _6\"> </span>rese <span class=\"_ _6\"> </span>da <span class=\"_\"> </span>Societ\u00e0 <span class=\"_ _6\"> </span>operative costituite <span class=\"_ _8\"> </span>per <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>esecu<span class=\"_ _0\"></span>zione <span class=\"_ _8\"> </span>unitaria <span class=\"_ _9\"> </span>di <span class=\"_ _8\"> </span>opere, <span class=\"_ _9\"> </span>acquisite <span class=\"_ _8\"> </span>nell'ambito <span class=\"_ _8\"> </span>di <span class=\"_ _9\"> </span>associazioni<span class=\"_ _0\"></span> temporanee <span class=\"_ _1e\"> </span>di <span class=\"_ _1e\"> </span>imprese, <span class=\"_ _1e\"> </span>per <span class=\"_ _23\"> </span>un <span class=\"_ _1e\"> </span>ammontare <span class=\"_ _1e\"> </span>complessi<span class=\"_ _0\"></span>vo <span class=\"_ _1e\"> </span>di <span class=\"_ _23\"> </span>50,5 <span class=\"_ _1e\"> </span>milioni <span class=\"_ _1e\"> </span>di <span class=\"_ _23\"> </span>Euro <span class=\"_ _1e\"> </span>in rappresentanza dei<span class=\"_ _0\"></span> seguenti valori:<span class=\"_ _0\"></span> 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Lavoro dipende<span class=\"_ _0\"></span>nte            6.016  5.286 Materiali            9.500  5.984 Prestazioni di <span class=\"_ _0\"></span>terzi          33.107  31.288 Spese diver<span class=\"_ _0\"></span>se               <span class=\"ls12\">720 </span> 500<span class=\"ls0\"> </span>Oneri /(Proventi) <span class=\"_ _0\"></span>finanziari               <span class=\"ls12\">803 </span> 555<span class=\"ls0\"> </span>Ammortamenti<span class=\"_ _0\"></span> 337<span class=\"ls0\"> </span>243<span class=\"ls0\"> </span>Totale 50.483 43.85629.<span class=\"ls0\"> <span class=\"_ _0\"></span>Altre componen<span class=\"_ _0\"></span>ti del C<span class=\"_ _0\"></span>onto Econom<span class=\"_ _0\"></span>ico Comp<span class=\"_ _0\"></span>lessivo </span>Si riporta di segui<span class=\"_ _0\"></span>to il dettagli<span class=\"_ _0\"></span>o delle altre compon<span class=\"_ _0\"></span>enti del con<span class=\"_ _0\"></span>to economico<span class=\"_ _0\"></span> complessivo al lordo e al netto del <span class=\"_ _0\"></span>relativo ef<span class=\"_ _0\"></span>fetto fiscale: 31.12.2022 31.12.2021 Valore Effetto Valore Valore Effetto Valore lordo fiscale netto lordo fiscale netto Effetto utili/(perdite<span class=\"_ _1\"></span>) attuariali dei pi<span class=\"_ _1\"></span>ani a benefici defini<span class=\"_ _1\"></span>ti 5.961 (1.216) 4.745 2.911 (723) 2.188 Utili/(perdite) dalla <span class=\"_ _1\"></span>rideterminazion<span class=\"_ _1\"></span>e di Investimenti i<span class=\"_ _1\"></span>n strumenti (76.818) 4.668 (72.149) 94.492 (5.625) 88.867 rappresentativi di <span class=\"_ _1\"></span>capitale Utili/(perdite) dalla c<span class=\"_ _1\"></span>essione di Inv<span class=\"_ _1\"></span>estimenti in st<span class=\"_ _1\"></span>rumenti rapprese<span class=\"_ _1\"></span>ntativi 23.859 (4.190) 19.669 210<span class=\"ls0\"> </span>0 210<span class=\"ls0\"> </span>di capitale Variazione riserva <span class=\"_ _1\"></span>di conversione dell<span class=\"_ _1\"></span>e imprese es<span class=\"_ _1\"></span>tere (64.187) - (64.187) (32.358) - (32.358) Effetto valutazio<span class=\"_ _1\"></span>ne delle partecip<span class=\"_ _1\"></span>azioni con il me<span class=\"_ _1\"></span>todo del Patrimo<span class=\"_ _1\"></span>nio (462) - (462) (7)<span class=\"ls0\"> </span>- (7)<span class=\"ls0\"> </span>Netto Fair Value strumenti fi<span class=\"_ _1\"></span>nanziari deriv<span class=\"_ _1\"></span>ati 10.377 (902) 9.475 4.029 (564) 3.465",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__108": {
   "value": "26.<span class=\"ls0\"> <span class=\"_ _0\"></span>Ammortamen<span class=\"_ _0\"></span>ti, svaluta<span class=\"_ _0\"></span>zioni e accantonamen<span class=\"_ _0\"></span>ti </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Ammortamenti <span class=\"_ _0\"></span>Attivit\u00e0 Immateriali        16.706         17.170  Ammortamenti <span class=\"_ _0\"></span>Attivit\u00e0 Materiali        80.116         68.156  Ammortamenti ben<span class=\"_ _0\"></span>i in leasing<span class=\"_ _0\"></span>        35.118         31.991  Accantonamen<span class=\"_ _0\"></span>ti per rischi e on<span class=\"_ _0\"></span>eri 4.413 6.332 Svalutazione at<span class=\"_ _0\"></span>tivit\u00e0 immateriali<span class=\"_ _0\"></span> a vita        14.348                   -  indefinita  Svalutazione at<span class=\"_ _0\"></span>tivit\u00e0 materiali<span class=\"_ _0\"></span>             <span class=\"ls12\">332 </span>                  -  Svalutazione credi<span class=\"_ _0\"></span>ti 515<span class=\"ls0\"> </span>1.116 Totale ammortament<span class=\"_ _0\"></span>i, svaluta<span class=\"_ _0\"></span>zioni ed 151.548 124.766 accantonamenti<span class=\"_ _0\"></span> Per <span class=\"_ _14\"> </span>ulteriori <span class=\"_ _14\"> </span>informazion<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>relativamente<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>alla <span class=\"_ _14\"> </span>svalutazione <span class=\"_ _14\"> </span>delle<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _14\"> </span>a <span class=\"_ _14\"> </span>vita <span class=\"_ _14\"> </span>utile indefinita si rimanda<span class=\"_ _0\"></span> alla nota 2<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__107": {
   "value": "26.<span class=\"ls0\"> <span class=\"_ _0\"></span>Ammortamen<span class=\"_ _0\"></span>ti, svaluta<span class=\"_ _0\"></span>zioni e accantonamen<span class=\"_ _0\"></span>ti </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Ammortamenti <span class=\"_ _0\"></span>Attivit\u00e0 Immateriali        16.706         17.170  Ammortamenti <span class=\"_ _0\"></span>Attivit\u00e0 Materiali        80.116         68.156  Ammortamenti ben<span class=\"_ _0\"></span>i in leasing<span class=\"_ _0\"></span>        35.118         31.991  Accantonamen<span class=\"_ _0\"></span>ti per rischi e on<span class=\"_ _0\"></span>eri 4.413 6.332 Svalutazione at<span class=\"_ _0\"></span>tivit\u00e0 immateriali<span class=\"_ _0\"></span> a vita        14.348                   -  indefinita  Svalutazione at<span class=\"_ _0\"></span>tivit\u00e0 materiali<span class=\"_ _0\"></span>             <span class=\"ls12\">332 </span>                  -  Svalutazione credi<span class=\"_ _0\"></span>ti 515<span class=\"ls0\"> </span>1.116 Totale ammortament<span class=\"_ _0\"></span>i, svaluta<span class=\"_ _0\"></span>zioni ed 151.548 124.766 accantonamenti<span class=\"_ _0\"></span> Per <span class=\"_ _14\"> </span>ulteriori <span class=\"_ _14\"> </span>informazion<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>relativamente<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>alla <span class=\"_ _14\"> </span>svalutazione <span class=\"_ _14\"> </span>delle<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _14\"> </span>a <span class=\"_ _14\"> </span>vita <span class=\"_ _14\"> </span>utile indefinita si rimanda<span class=\"_ _0\"></span> alla nota 2<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__106": {
   "value": "26.<span class=\"ls0\"> <span class=\"_ _0\"></span>Ammortamen<span class=\"_ _0\"></span>ti, svaluta<span class=\"_ _0\"></span>zioni e accantonamen<span class=\"_ _0\"></span>ti </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Ammortamenti <span class=\"_ _0\"></span>Attivit\u00e0 Immateriali        16.706         17.170  Ammortamenti <span class=\"_ _0\"></span>Attivit\u00e0 Materiali        80.116         68.156  Ammortamenti ben<span class=\"_ _0\"></span>i in leasing<span class=\"_ _0\"></span>        35.118         31.991  Accantonamen<span class=\"_ _0\"></span>ti per rischi e on<span class=\"_ _0\"></span>eri 4.413 6.332 Svalutazione at<span class=\"_ _0\"></span>tivit\u00e0 immateriali<span class=\"_ _0\"></span> a vita        14.348                   -  indefinita  Svalutazione at<span class=\"_ _0\"></span>tivit\u00e0 materiali<span class=\"_ _0\"></span>             <span class=\"ls12\">332 </span>                  -  Svalutazione credi<span class=\"_ _0\"></span>ti 515<span class=\"ls0\"> </span>1.116 Totale ammortament<span class=\"_ _0\"></span>i, svaluta<span class=\"_ _0\"></span>zioni ed 151.548 124.766 accantonamenti<span class=\"_ _0\"></span> Per <span class=\"_ _14\"> </span>ulteriori <span class=\"_ _14\"> </span>informazion<span class=\"_ _0\"></span>i <span class=\"_ _14\"> </span>relativamente<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>alla <span class=\"_ _14\"> </span>svalutazione <span class=\"_ _14\"> </span>delle<span class=\"_ _0\"></span> <span class=\"_ _14\"> </span>attivit\u00e0 <span class=\"_ _14\"> </span>a <span class=\"_ _14\"> </span>vita <span class=\"_ _14\"> </span>utile indefinita si rimanda<span class=\"_ _0\"></span> alla nota 2<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__109": {
   "value": "27.<span class=\"ls0\"> <span class=\"_ _0\"></span>Risultato ne<span class=\"_ _0\"></span>tto valutazi<span class=\"_ _0\"></span>one delle partec<span class=\"_ _0\"></span>ipazioni ad equi<span class=\"_ _0\"></span>ty <span class=\"lsd\">e <span class=\"_ _1\"></span></span>della gestion<span class=\"_ _0\"></span>e </span>finanziaria  <span class=\"_ _0\"></span> 31.12.2022 31.12.2021 Utili da partecipa<span class=\"_ _0\"></span>zioni ad equi<span class=\"_ _0\"></span>ty  5.725   7.574  Perdite da par<span class=\"_ _0\"></span>tecipazioni ad eq<span class=\"_ _0\"></span>uity  <span class=\"ls1c\">(159) </span>  <span class=\"ls1c\">(122) </span> Ris. netto della soc<span class=\"_ _0\"></span>iet\u00e0 valut<span class=\"_ _0\"></span>ate a Patrimonio<span class=\"_ _0\"></span>  5.567   7.452  Netto Proventi finanziari<span class=\"_ _0\"></span>  96.724   54.157  Oneri finanziari<span class=\"_ _0\"></span>  (51.139)   (47.092)  Proventi/Oneri ne<span class=\"_ _0\"></span>tti da iperin<span class=\"_ _0\"></span>flazione  20.062   -  Totale proventi<span class=\"_ _0\"></span> e oneri finan<span class=\"_ _0\"></span>ziari  65.647   7.065  Totale   71.214   14.517  Il dettaglio dei Proven<span class=\"_ _0\"></span>ti finanziari \u00e8 i<span class=\"_ _0\"></span>l seguente: 31.12.2022 31.12.2021 Dividendi  38.800   34.441  Interessi attivi <span class=\"_ _0\"></span>su depositi ban<span class=\"_ _0\"></span>cari  2.629   1.055  Utili su cambio <span class=\"_ _0\"></span>  49.477   9.002  Prov. da operaz<span class=\"_ _0\"></span>ioni su deri<span class=\"_ _0\"></span>vati  4.638   8.602  Altri proventi finan<span class=\"_ _0\"></span>ziari  1.181   1.057  Totale proventi<span class=\"_ _0\"></span> finanziari  96.724   54.157  Il dettaglio <span class=\"ls2\">dei</span> dividend<span class=\"_ _0\"></span>i percepiti \u00e8 il segue<span class=\"_ _0\"></span>nte: 31.12.2022 31.12.2021 Acea  2.813   2.581  Assicurazioni Gen<span class=\"_ _0\"></span>erali  23.754   29.200  Atlantia  3.386   -  Enel  -   <span class=\"ls12\">446 </span> Poste Italiane  1.583   <span class=\"ls12\">671 </span> Mediobanca  6.900   <span class=\"ls12\">990 </span> Italgas  <span class=\"ls12\">354 </span>  <span class=\"ls12\">277 </span> Altri  <span class=\"ls12\">11 </span>  <span class=\"ls12\">276 </span> Totale dividend<span class=\"_ _0\"></span>i  38.800   34.441  Il dettaglio degli<span class=\"_ _0\"></span> oneri finanziari \u00e8 il<span class=\"_ _0\"></span> seguente: 31.12.2022 31.12.2021 Interessi passi<span class=\"_ _0\"></span>vi su mutui  (3.496)   (6.957)  Interessi passi<span class=\"_ _0\"></span>vi su debiti verso<span class=\"_ _0\"></span>  (8.151)   (1.993)  banche e altri <span class=\"_ _0\"></span>finanziatori Commissioni e <span class=\"_ _0\"></span>spese bancarie  (3.442)   (4.456)  Perdita su cambi  (21.030)   (22.679)  Interessi passi<span class=\"_ _0\"></span>vi su Leasing  (2.184)   (1.932)  Oneri da operazioni<span class=\"_ _0\"></span> su deriva<span class=\"_ _0\"></span>ti  (10.476)   (7.763)  Altri  (2.359)   (1.311)  Totale oneri finan<span class=\"_ _0\"></span>ziari  (51.139)   (47.092)  Il dettaglio dei prov<span class=\"_ _0\"></span>enti netti da i<span class=\"_ _0\"></span>perinflazione \u00e8<span class=\"_ _0\"></span> esposto di segui<span class=\"_ _0\"></span>to. 31.12.2022 31.12.2021 Proventi da iperin<span class=\"_ _0\"></span>flazione  33.139   -  Oneri da iperinfla<span class=\"_ _0\"></span>zione  (13.077)   -  Totale Proventi<span class=\"_ _0\"></span>/Oneri netti da<span class=\"_ _0\"></span>  20.062   -  iperinflazione Per <span class=\"_ _1\"></span>maggiori <span class=\"_ _4\"></span>dettagli<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>sugli <span class=\"_ _1\"></span>impatti <span class=\"_ _4\"></span>derivanti <span class=\"_ _1\"></span>dall\u2019appli<span class=\"_ _0\"></span>cazione <span class=\"_ _1\"></span>dello <span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>AS <span class=\"_ _1\"></span>29 <span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>rinvia <span class=\"_ _1\"></span>al paragrafo <span class=\"_ _3\"></span>\u201c<span class=\"ff2\">Turchia <span class=\"_ _3\"></span><span class=\"ff6\">\u2013<span class=\"ff2\"> </span>eco<span class=\"_ _0\"></span>nomia <span class=\"_ _3\"></span>iperinflazionata: <span class=\"_ _3\"></span>impatti <span class=\"_ _3\"></span>per <span class=\"_ _0\"></span>l\u2019appli<span class=\"_ _0\"></span>cazione <span class=\"_ _3\"></span>dello <span class=\"_ _3\"></span>IAS <span class=\"_ _0\"></span>29\u201d <span class=\"_ _0\"></span>sopra </span></span>riportato.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__110": {
   "value": "28.<span class=\"ls0\"> <span class=\"_ _0\"></span>Utile per<span class=\"_ _0\"></span> azione </span> <span class=\"_ _24\"> </span><span class=\"ff6\">L\u2019utile <span class=\"_ _16\"> </span>base <span class=\"_ _16\"> </span>per <span class=\"_ _19\"> </span>azione <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>calcolato <span class=\"_ _16\"> </span>dividendo <span class=\"_ _16\"> </span>l\u2019utile <span class=\"_ _19\"> </span>netto <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>periodo <span class=\"_ _19\"> </span>attribuibile <span class=\"_ _16\"> </span>al </span>Gruppo <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>numero <span class=\"_ _6\"> </span>medio <span class=\"_ _15\"> </span>ponderato <span class=\"_ _15\"> </span>delle <span class=\"_ _15\"> </span>azioni <span class=\"_ _6\"> </span>ordinarie <span class=\"_ _15\"> </span>in <span class=\"_ _18\"> </span>circolazione <span class=\"_ _15\"> </span>durante<span class=\"_ _0\"></span> l\u2019esercizio.<span class=\"ff2\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Utile (perdita) ne<span class=\"_ _0\"></span>tto (in migliaia di<span class=\"_ _0\"></span> euro<span class=\"_ _0\"></span>) 111.283 95.400 N\u00b0 medio ponde<span class=\"_ _0\"></span>rato di azioni<span class=\"_ _0\"></span> ordinarie in circola<span class=\"_ _0\"></span>zione (000)  120.120   120.120  Utile base per a<span class=\"_ _0\"></span>zione (euro per<span class=\"_ _0\"></span> azione<span class=\"_ _0\"></span>) 0,926 0,794  <span class=\"_ _24\"> </span><span class=\"ff6 ls2\">L\u2019</span>utile <span class=\"_ _0\"></span>diluito <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>azione <span class=\"_ _0\"></span><span class=\"ff6\">risulta <span class=\"_ _0\"></span>pari al<span class=\"_ _0\"></span>l\u2019utile <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>per azion<span class=\"_ _0\"></span>e<span class=\"ff2\"> in <span class=\"_ _0\"></span>quanto <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>presenti nel<span class=\"_ _0\"></span> </span></span>capitale <span class=\"_ _5\"></span>sociale <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>Caltagirone <span class=\"_ _a\"></span>SpA<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>solo <span class=\"_ _5\"></span>azioni <span class=\"_ _a\"></span>ordinarie <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>non <span class=\"_ _5\"></span>sono <span class=\"_ _a\"></span>presenti<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>strumenti finanziari <span class=\"_ _14\"> </span>e/o <span class=\"_ _b\"> </span>contratti<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>che <span class=\"_ _b\"> </span>possano<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>attribu<span class=\"_ _0\"></span>ire <span class=\"_ _14\"> </span>al <span class=\"_\"> </span>posse<span class=\"_ _0\"></span>ssore <span class=\"_ _b\"> </span>il <span class=\"_ _14\"> </span>diritto <span class=\"_\"> </span>a<span class=\"_ _0\"></span>d <span class=\"_ _b\"> </span>ottenere<span class=\"_ _0\"></span> <span class=\"_ _b\"> </span>azioni<span class=\"_ _0\"></span> ordinarie.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__112": {
   "value": "29.<span class=\"ls0\"> <span class=\"_ _0\"></span>Altre componen<span class=\"_ _0\"></span>ti del C<span class=\"_ _0\"></span>onto Econom<span class=\"_ _0\"></span>ico Comp<span class=\"_ _0\"></span>lessivo </span>Si riporta di segui<span class=\"_ _0\"></span>to il dettagli<span class=\"_ _0\"></span>o delle altre compon<span class=\"_ _0\"></span>enti del con<span class=\"_ _0\"></span>to economico<span class=\"_ _0\"></span> complessivo al lordo e al netto del <span class=\"_ _0\"></span>relativo ef<span class=\"_ _0\"></span>fetto fiscale: 31.12.2022 31.12.2021 Valore Effetto Valore Valore Effetto Valore lordo fiscale netto lordo fiscale netto Effetto utili/(perdite<span class=\"_ _1\"></span>) attuariali dei pi<span class=\"_ _1\"></span>ani a benefici defini<span class=\"_ _1\"></span>ti 5.961 (1.216) 4.745 2.911 (723) 2.188 Utili/(perdite) dalla <span class=\"_ _1\"></span>rideterminazion<span class=\"_ _1\"></span>e di Investimenti i<span class=\"_ _1\"></span>n strumenti (76.818) 4.668 (72.149) 94.492 (5.625) 88.867 rappresentativi di <span class=\"_ _1\"></span>capitale Utili/(perdite) dalla c<span class=\"_ _1\"></span>essione di Inv<span class=\"_ _1\"></span>estimenti in st<span class=\"_ _1\"></span>rumenti rapprese<span class=\"_ _1\"></span>ntativi 23.859 (4.190) 19.669 210<span class=\"ls0\"> </span>0 210<span class=\"ls0\"> </span>di capitale Variazione riserva <span class=\"_ _1\"></span>di conversione dell<span class=\"_ _1\"></span>e imprese es<span class=\"_ _1\"></span>tere (64.187) - (64.187) (32.358) - (32.358) Effetto valutazio<span class=\"_ _1\"></span>ne delle partecip<span class=\"_ _1\"></span>azioni con il me<span class=\"_ _1\"></span>todo del Patrimo<span class=\"_ _1\"></span>nio (462) - (462) (7)<span class=\"ls0\"> </span>- (7)<span class=\"ls0\"> </span>Netto Fair Value strumenti fi<span class=\"_ _1\"></span>nanziari deriv<span class=\"_ _1\"></span>ati 10.377 (902) 9.475 4.029 (564) 3.465",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__113": {
   "value": "30.<span class=\"ls0\"> <span class=\"_ _0\"></span>Partecipazion<span class=\"_ _0\"></span>i di terzi </span>Le <span class=\"_ _a\"></span>seguenti <span class=\"_ _a\"></span>tabelle <span class=\"_ _a\"></span>forniscono <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>principali <span class=\"_ _a\"></span>informazioni <span class=\"_ _a\"></span>sui <span class=\"_ _a\"></span>Gruppi <span class=\"_ _a\"></span>controllati <span class=\"_ _a\"></span>dalla Caltagirone SpA e <span class=\"_ _0\"></span>dalle sue dirette con<span class=\"_ _0\"></span>trollate con par<span class=\"_ _0\"></span>tecipazioni di te<span class=\"_ _0\"></span>rzi signi<span class=\"_ _0\"></span>ficative. Gruppo Gruppo Vianini<span class=\"_ _0\"></span> Gruppo Cement<span class=\"_ _0\"></span>ir Caltagirone Gruppo Vianini<span class=\"_ _0\"></span>  Lavori Holding Editore 2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>2022<span class=\"ls0\"> </span>2021<span class=\"ls0\"> </span>Ricavi 1.777.544 1.413.720 1.180.345 122.677 81.765 75.881 8.497 8.497 Risultato di eserc<span class=\"_ _0\"></span>izio 181.557 122.995 6.996 28.793 984<span class=\"ls0\"> </span>3.522 3.440 4.360 - attribuibile al Gr<span class=\"_ _0\"></span>uppo Caltagiron<span class=\"_ _0\"></span>e 76.489 53.399 2.912 11.986 556<span class=\"ls0\"> </span>1.989 2.763 3.502 - attribuibile ai Ter<span class=\"_ _0\"></span>zi 105.068 69.596 4.083 16.807 428<span class=\"ls0\"> </span>1.533 677<span class=\"ls0\"> </span>859<span class=\"ls0\"> </span>Attivit\u00e0 non corre<span class=\"_ _0\"></span>nti 1.648.081 1.449.190 422.018 399.821 54.039 57.192 284.935 279.752 Attivit\u00e0 correnti<span class=\"_ _0\"></span> 845.896 661.868 63.783 108.999 131.586 107.718 8.357 8.981 Passivit\u00e0 non <span class=\"_ _0\"></span>correnti 427.651 422.882 42.065 47.591 3.713 6.726 152.445 157.090 Passivit\u00e0 corren<span class=\"_ _0\"></span>ti 543.553 460.619 58.478 58.232 68.305 45.063 24.771 18.751 Attivit\u00e0 nette 1.522.773 1.227.557 385.259 402.997 113.607 113.121 116.076 112.893 - attribuibili al Gru<span class=\"_ _0\"></span>ppo Caltagirone<span class=\"_ _0\"></span> 644.907 512.766 160.375 167.759 64.155 63.806 93.219 90.662 - attribuibili ai Terz<span class=\"_ _0\"></span>i 877.866 714.791 224.884 235.238 49.452 49.315 22.857 22.231 Altre compone<span class=\"_ _0\"></span>nti OCI (52.068) (27.528) (21.469) 35.088 (472)<span class=\"ls0\"> </span>12<span class=\"ls0\"> </span>1.536 769<span class=\"ls0\"> </span>Utile/(perdita)<span class=\"_ _0\"></span> complessivo 129.489 95.467 (14.473) 63.881 512<span class=\"ls0\"> </span>3.534 4.976 5.130 Variazione netta<span class=\"_ _0\"></span> Cashflow 73.219 (131.026) (42.616) (33.886) 900<span class=\"ls0\"> </span>(20.209) (548)<span class=\"ls0\"> </span>(756)<span class=\"ls0\"> </span>Dividendi pagati<span class=\"_ _0\"></span> ai terzi 17.603 14.082 1.870 - - - 356<span class=\"ls0\"> </span>356",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__114": {
   "value": "31.<span class=\"ls0\"> <span class=\"_ _0\"></span>Posizione<span class=\"_ _0\"></span> finanziaria n<span class=\"_ _0\"></span>etta </span>Secondo <span class=\"_ _19\"> </span>quanto <span class=\"_ _16\"> </span>richiesto <span class=\"_ _19\"> </span>dalla <span class=\"_ _16\"> </span>comunicazione <span class=\"_ _19\"> </span>CONSOB <span class=\"_ _16\"> </span>n.6064293 <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>28 <span class=\"_ _16\"> </span>luglio <span class=\"_ _19\"> </span>2006,<span class=\"_ _1\"></span> aggiornata <span class=\"_ _a\"></span>sulla <span class=\"_ _a\"></span>base <span class=\"_ _17\"></span>del <span class=\"_ _a\"></span>Richiamo <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>att<span class=\"_ _1\"></span>enzione <span class=\"_ _a\"></span>n. <span class=\"_ _a\"></span>5/21 <span class=\"_ _a\"></span>del <span class=\"_ _17\"></span>29 <span class=\"_ _a\"></span>aprile <span class=\"_ _a\"></span>2021<span class=\"_ _1\"></span>, <span class=\"_ _17\"></span>si <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>iporta <span class=\"_ _a\"></span>di seguito la posizione <span class=\"_ _0\"></span>finanziaria netta di <span class=\"_ _0\"></span>Gruppo: In migliaia di euro 31.12.2022 31.12.2021 A. Disponibilit\u00e0 liq<span class=\"_ _0\"></span>uide 413.333 397.882 B. Mezzi equiva<span class=\"_ _0\"></span>lenti a dispon<span class=\"_ _0\"></span>ibilit\u00e0 liquide                  -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>                   -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>C. Altre attivi<span class=\"_ _0\"></span>t\u00e0 finanziarie corr<span class=\"_ _0\"></span>enti        59.218              5.220  D. Liquidit\u00e0 (A<span class=\"_ _0\"></span>)+(B) +(C<span class=\"_ _0\"></span>) 472.551 403.101 di cui verso part<span class=\"_ _0\"></span>i correlate                  -   <span class=\"fc7 sc0\"> </span>                   -   <span class=\"fc7 sc0\"> </span>E. Debito finanz<span class=\"_ _0\"></span>iario corrente 63.329 80.529 di cui verso part<span class=\"_ _0\"></span>i correlate                  -                       -    F. Parte corren<span class=\"_ _0\"></span>te del debito<span class=\"_ _0\"></span> finanziario no<span class=\"_ _0\"></span>n corrente 81.976 72.140 G. Indebitamento<span class=\"_ _0\"></span> finanziario cor<span class=\"_ _0\"></span>rente (E)+(F)<span class=\"_ _0\"></span> 145.304 152.669 di cui verso part<span class=\"_ _0\"></span>i correlate          3.648              4.926  H. Indebitamento<span class=\"_ _0\"></span> finanziario<span class=\"_ _0\"></span> corrente nett<span class=\"_ _0\"></span>o (G)-<span class=\"ls1c\">(D)</span> (327.246) (250.432) I. Debito finanziario<span class=\"_ _0\"></span> non corr<span class=\"_ _0\"></span>ente 370.298 390.050 J. Strumenti di debi<span class=\"_ _0\"></span>to                  -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>                   -  <span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>K. Debiti commer<span class=\"_ _0\"></span>ciali e altri de<span class=\"_ _0\"></span>biti non corr<span class=\"_ _0\"></span>enti                    - <span class=\"_ _0\"></span>                      -<span class=\"_ _0\"></span>  L. Indebitament<span class=\"_ _0\"></span>o finanziario n<span class=\"_ _0\"></span>on corrente (<span class=\"_ _0\"></span>I)+(J)+(K<span class=\"_ _0\"></span>)      370.298          390.050  di cui verso part<span class=\"_ _0\"></span>i correlate        13.640           12.649 <span class=\"_ _0\"></span> M. Totale indebita<span class=\"_ _0\"></span>mento finan<span class=\"_ _0\"></span>ziario (H + L) 43.052 139.618",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__115": {
   "value": "32.<span class=\"ls0\"> <span class=\"_ _0\"></span>Informaz<span class=\"_ _0\"></span>ioni per settor<span class=\"_ _0\"></span>e di attivit\u00e0 </span>Poste Cemento, non Gestione Altre calcestruzzo Editoria Costruzioni<span class=\"_ _1\"></span> allocate Consolidato immobiliare attivit\u00e0 e inerti e rettifiche 2021 Ricavi di settore<span class=\"_ _1\"></span> 1.384.033 122.652 75.868 8.524 195.978 (165.988) 1.621.068 Ricavi intrasettore<span class=\"_ _1\"></span> (28.811) (104) (587) (32) (136.454) 165.988 - Ricavi operativi in <span class=\"_ _1\"></span>contribuzione<span class=\"_ _1\"></span> 1.355.222 122.548 75.281 8.492 59.524 - 1.621.068 Risultato di settore<span class=\"_ _1\"></span> (MOL) 314.850 16.867 70<span class=\"ls0\"> </span>663<span class=\"ls0\"> </span>(3.869) 328.582 Ammortamenti, Sval<span class=\"_ _1\"></span>utazioni e (105.342) (6.896) (3.530) (440) (8.557) (124.765) accantonamenti <span class=\"_ _1\"></span> Risultato Operativ<span class=\"_ _1\"></span>o 209.508 9.971 (3.460) 223<span class=\"ls0\"> </span>(12.426) - 203.816 Risultato netto valut<span class=\"_ _1\"></span>azione delle 7.452 7.452 partecipazioni al Pat<span class=\"_ _1\"></span>rimonio Netto<span class=\"_ _1\"></span> Risultato della g<span class=\"_ _1\"></span>estione finanziaria<span class=\"_ _1\"></span> 7.065 7.065 Risultato ante im<span class=\"_ _1\"></span>poste 218.333 Imposte (34.365) Risultato del peri<span class=\"_ _1\"></span>odo 183.968 Attivit\u00e0 di settore <span class=\"_ _1\"></span> 1.919.811 257.267 103.060 299.900 929.122 3.509.160 Passivit\u00e0 di settor<span class=\"_ _1\"></span>e 608.056 96.882 51.494 163.439 324.519 1.244.390 Partecipazioni val<span class=\"_ _1\"></span>utate al Patrimoni<span class=\"_ _1\"></span>o 4.988 - 22.413 12.796 12.596 52.794 netto Investimenti in <span class=\"_ _1\"></span>attivit\u00e0 materiali e 95.076 12.590 769<span class=\"ls0\"> </span>661<span class=\"ls0\"> </span>4.081 113.178 immateriali Poste Cemento, non Gestione Altre calcestruzzo Editoria Costruzioni<span class=\"_ _1\"></span> allocate Consolidato immobiliare attivit\u00e0 e inerti e rettifiche 2022 Ricavi di sett<span class=\"_ _1\"></span>ore 1.744.607 118.078 81.744 14.320<span class=\"fs2\"> </span>283.230<span class=\"fs2\"> </span>(250.968) 1.991.010 Ricavi intrasettore<span class=\"_ _1\"></span> (47.453) (113) (466) (27)<span class=\"fs2 ls0\"> </span>(202.909)<span class=\"fs2\"> </span>250.968 - Ricavi operativi in <span class=\"_ _1\"></span>contribuzione<span class=\"_ _1\"></span> 1.697.154 117.965 81.278 9.638<span class=\"fs2\"> </span>84.974<span class=\"fs2\"> </span>1.991.010 Risultato di settore<span class=\"_ _1\"></span> (MOL) 332.766 6.648 2.528 10.417<span class=\"fs2\"> </span>(3.052)<span class=\"fs2\"> </span>349.306 Ammortamenti, Sval<span class=\"_ _1\"></span>utazioni e (121.971) (17.904) (1.810) (305)<span class=\"fs2 ls0\"> </span>(9.558)<span class=\"fs2\"> </span>(151.548) accantonamenti <span class=\"_ _1\"></span> Risultato Operativ<span class=\"_ _1\"></span>o 210.795 (11.256) 718<span class=\"ls0\"> </span>5.458<span class=\"fs2\"> </span>(7.956)<span class=\"fs2\"> </span>197.758 Risultato netto valut<span class=\"_ _1\"></span>azione delle 5.567 5.567 partecipazioni al Pat<span class=\"_ _1\"></span>rimonio Netto<span class=\"_ _1\"></span> Risultato della g<span class=\"_ _1\"></span>estione finanziaria<span class=\"_ _1\"></span> 65.647 65.647 Risultato ante im<span class=\"_ _1\"></span>poste 268.972 Imposte (51.585) Risultato del peri<span class=\"_ _1\"></span>odo 217.387 Attivit\u00e0 di settore <span class=\"_ _1\"></span> 2.189.950 247.943 126.646 307.729<span class=\"fs2\"> </span>1.<span class=\"ls0\">009.219<span class=\"fs2\"> </span></span>3.881.486 Passivit\u00e0 di settor<span class=\"_ _1\"></span>e 753.736 90.650 71.669 162.888<span class=\"fs2\"> </span>259.163<span class=\"fs2\"> </span>1.338.106 Partecipazioni val<span class=\"_ _1\"></span>utate al Patrimoni<span class=\"_ _1\"></span>o 5.559 - 22.417 15.762<span class=\"fs2\"> </span>9.518<span class=\"fs2\"> </span>53.256 netto Investimenti in attivit<span class=\"_ _1\"></span>\u00e0 materiali e 114.159 2.850 1.718 607<span class=\"fs2 ls0\"> </span>22.034<span class=\"fs2\"> </span>141.368 immateriali  <span class=\"_ _24\"> </span><span class=\"ff6\">Il <span class=\"_ _15\"> </span>settore <span class=\"_ _6\"> </span>\u201cAltre <span class=\"_ _15\"> </span>attivit\u00e0<span class=\"_ _0\"></span>\u201d <span class=\"_ _6\"> </span>comprende <span class=\"_ _15\"> </span>i <span class=\"_ _6\"> </span>dati <span class=\"_ _15\"> </span>economici <span class=\"_ _6\"> </span>e <span class=\"_ _15\"> </span>patrimoniali <span class=\"_ _6\"> </span>delle <span class=\"_ _15\"> </span><span class=\"ff2\">societ\u00e0 </span></span>controllate che<span class=\"_ _0\"></span> svol<span class=\"_ _0\"></span>gono <span class=\"_ _0\"></span>prevalente<span class=\"_ _0\"></span>mente attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>di natura <span class=\"_ _0\"></span>finanziaria,<span class=\"_ _0\"></span> in <span class=\"_ _0\"></span>quali<span class=\"_ _0\"></span>t\u00e0 di hol<span class=\"_ _0\"></span>ding di<span class=\"_ _0\"></span> partecipazioni, <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>controllate <span class=\"_ _3\"></span>operativ<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>nella <span class=\"_ _3\"></span>prestazione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>servizi <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>varia <span class=\"_ _3\"></span>natura.  <span class=\"_ _24\"> </span>Le informazioni rela<span class=\"_ _0\"></span>tive al<span class=\"_ _0\"></span>le aree geografiche sono le seguenti<span class=\"_ _0\"></span>: Cina, Altri Poste non Italia Danimarca <span class=\"_ _1\"></span> Belgio USA Turchia Egitto Malesia e paesi allocate e Consolidato Australia esteri rettifiche 2021 Ricavi di settore<span class=\"_ _1\"></span> 347.272 443.466 280.210 157.503 191.048 49.298 112.185 268.129 (228.043) 1.621.068 -  <span class=\"fc7 sc0\">  </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\">  </span><span class=\"fc7 sc0\">  </span><span class=\"fc7 sc0\">  </span><span class=\"fc7 sc0\">  </span><span class=\"fc7 sc0\"> </span><span class=\"fc7 sc0\"> </span>Ricavi intrasettore<span class=\"_ _1\"></span> (116.815) (83.989) (881) (19.064) (3.729) - (3.552) 228.043 - 13<span class=\"ls0\"> </span>Ricavi operativi in 230.457 359.477 280.197 156.622 171.984 45.569 112.185 264.577 - 1.621.068 contribuzione Risultato di settore<span class=\"_ _1\"></span> 12.618 121.560 68.602 23.829 37.552 10.842 26.829 26.748 328.582 (MOL) Ammortamenti, Svalutazioni e (17.093) (36.272) (26.626) (14.176) (7.320) (3.239) (8.021) (12.018) (124.766) accantonamenti <span class=\"_ _1\"></span> Risultato Operativ<span class=\"_ _1\"></span>o (4.475) 85.288 41.976 9.653 30.232 7.603 18.808 14.731 - 203.816 Risultato netto valutazione dell<span class=\"_ _1\"></span>e 7.452 7.452 partecipazioni al Patrimonio Netto Risultato della 7.065 7.065 gestione finanziari<span class=\"_ _1\"></span>a Risultato ante 218.333 imposte Imposte (34.365) Risultato del peri<span class=\"_ _1\"></span>odo 183.968 Attivit\u00e0 di settore <span class=\"_ _1\"></span> 1.397.689 596.529 493.157 321.875 261.124 121.959 151.157 165.670 3.509.160 Passivit\u00e0 di settor<span class=\"_ _1\"></span>e 543.665 295.930 158.500 56.778 57.130 22.892 30.599 78.896 1.244.390 Partecipazioni val<span class=\"_ _1\"></span>utate 44.093 3.146 169<span class=\"ls0\"> </span>- - - - 5.385 52.794 al Patrimonio netto<span class=\"_ _1\"></span> Investimenti in attivit<span class=\"_ _1\"></span>\u00e0 16.379 39.617 17.428 5.636 12.488 1.825 6.872 12.932 113.178 materiali e immat<span class=\"_ _1\"></span>eriali Cina, Altri Poste non Italia Danimarca <span class=\"_ _1\"></span> Belgio USA Turchia Egitto Malesia e paesi allocate e Consolidato Australia esteri rettifiche 2022 Ricavi di settore<span class=\"_ _1\"></span> 432.866 532.779 338.601 198.205 291.392 59.206 131.609 309.833 (303.481) 1.991.010 Ricavi intrasettore<span class=\"_ _1\"></span> (179.849) (80.560) - (1.190) (31.602) (5.288) - (4.993) 303.481 - Ricavi operativi in 253.017 452.220 338.601 197.015 259.791 53.918 131.609 304.840 1.991.010 contribuzione Risultato di settore<span class=\"_ _1\"></span> 17.154 141.107 76.533 28.949 27.999 11.792 22.682 23.090 349.306 (MOL) Ammortamenti, Svalutazioni e (23.949) (37.512) (28.658) (16.611) (20.649) (3.159) (9.004) (12.007) (151.549) accantonamenti <span class=\"_ _1\"></span> Risultato Operativ<span class=\"_ _1\"></span>o (6.796) 103.595 47.876 12.338 7.350 8.634 13.678 11.084 197.758 Risultato netto valutazione dell<span class=\"_ _1\"></span>e 5.567 5.567 partecipazioni al Patrimonio Netto Risultato della 65.647 65.647 gestione finanziari<span class=\"_ _1\"></span>a Risultato ante 268.972 imposte Imposte (51.585) Risultato del peri<span class=\"_ _1\"></span>odo 217.387 Attivit\u00e0 di settore <span class=\"_ _1\"></span> 1.449.927 673.076 490.935 356.505 468.518 117.386 161.092 164.047 3.881.486 Passivit\u00e0 di settor<span class=\"_ _1\"></span>e 489.053 368.904 182.936 65.231 107.777 22.099 30.606 71.499 1.338.106 Partecipazioni val<span class=\"_ _1\"></span>utate 41.024 3.455 143<span class=\"ls0\"> </span>- - - - 8.635 53.256 al Patrimonio netto<span class=\"_ _1\"></span> Investimenti in attivit<span class=\"_ _1\"></span>\u00e0 26.025 40.965 32.053 9.366 14.543 1.005 7.555 9.856 141.368 materiali e immat<span class=\"_ _1\"></span>eriali",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__116": {
   "value": "33.<span class=\"ls0\"> <span class=\"_ _0\"></span>Transazion<span class=\"_ _0\"></span>i con parti c<span class=\"_ _0\"></span>orrelate </span> <span class=\"_ _24\"> </span>Le operazioni poste i<span class=\"_ _0\"></span>n essere dalle societ\u00e0 del<span class=\"_ _0\"></span> Gruppo con parti cor<span class=\"_ _0\"></span>relate ivi incl<span class=\"_ _0\"></span>use le operazioni <span class=\"_ _14\"> </span>infragruppo, <span class=\"_ _16\"> </span>rientrano <span class=\"_ _14\"> </span>generalmente <span class=\"_ _16\"> </span>nella <span class=\"_ _14\"> </span>gestione <span class=\"_ _14\"> </span>ordinaria. <span class=\"_ _14\"> </span>Non <span class=\"_ _14\"> </span>si <span class=\"_ _14\"> </span>rilevano operazioni di cara<span class=\"_ _0\"></span>ttere atipi<span class=\"_ _0\"></span>co o inusuale, estrane<span class=\"_ _0\"></span>e alla normale <span class=\"ff6\">gestione<span class=\"_ _0\"></span> dell\u2019<span class=\"_ _0\"></span>impresa<span class=\"ff2\">. </span></span>Nella <span class=\"_ _17\"> </span>t<span class=\"_ _1\"></span>abella <span class=\"_ _17\"> </span>seguente <span class=\"_ _16\"> </span>si <span class=\"_ _19\"> </span>riepilogano <span class=\"_ _19\"> </span>i <span class=\"_ _19\"> </span>r<span class=\"_ _1\"></span>apporti <span class=\"_ _17\"> </span>economici <span class=\"_ _16\"> </span>e <span class=\"_ _19\"> </span>patrimoniali <span class=\"_ _19\"> </span>con <span class=\"_ _19\"> </span>parti correlate al 31<span class=\"_ _0\"></span> dicembre <span class=\"ls2\">20</span>22: Societ\u00e0 Incidenza Altre Totale Totale Societ\u00e0 Societ\u00e0 sottoposte Societ\u00e0 % sulla 31.12.2021 parti parti voce di controllanti collegate al comune consortili voce di correlate correlate Bilancio controllo bilancio Rapporti patri<span class=\"_ _0\"></span>moniali Crediti commer<span class=\"_ _0\"></span>ciali 173<span class=\"ls0\"> </span>2.842 30.490 2.626 36.131 283.048 12,8% Attivit\u00e0 finanziar<span class=\"_ _0\"></span>ie 1.185 29<span class=\"ls0\"> </span>200<span class=\"ls0\"> </span>1.414 5.220 27,1% correnti Altre attivit\u00e0 cor<span class=\"_ _0\"></span>renti 16<span class=\"ls0\"> </span>16<span class=\"ls0\"> </span>23.596 0,1% Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie non 12.649 12.649 390.050 3,2% correnti Debiti commerciali<span class=\"_ _0\"></span> 19<span class=\"ls0\"> </span>1.382 8.701 256<span class=\"ls0\"> </span>10.358 322.164 3,2% Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie 4.570 356<span class=\"ls0\"> </span>4.926 152.669 3,2% correnti Altre passivit\u00e0 cor<span class=\"_ _0\"></span>renti 582<span class=\"ls0\"> </span>228<span class=\"ls0\"> </span>810<span class=\"ls0\"> </span>95.199 0,9% Rapporti econo<span class=\"_ _0\"></span>mici Ricavi 8.381 30.896 130<span class=\"ls0\"> </span>39.407 1.551.818 2,5% Altri ricavi ope<span class=\"_ _0\"></span>rativi 374<span class=\"ls0\"> </span>2.000 2.374 46.010 5,2% Costi per mater<span class=\"_ _0\"></span>ie prime 0 470.197 0,0% Altri costi operati<span class=\"_ _0\"></span>vi 703<span class=\"ls0\"> </span>43.856 31<span class=\"ls0\"> </span>44.590 479.476 9,3% Proventi finanziari<span class=\"_ _0\"></span> 234<span class=\"ls0\"> </span>29.200 29.434 54.157 54,3% Oneri finanziari<span class=\"_ _0\"></span> 18<span class=\"ls0\"> </span>177<span class=\"ls0\"> </span>195<span class=\"ls0\"> </span>47.092 0,4% Societ\u00e0 Incidenza Altre Totale Totale Societ\u00e0 Societ\u00e0 sottoposte Societ\u00e0 % sulla 31.12.2022 parti parti voce di controllanti collegate al comune consortili voce di correlate correlate Bilancio controllo bilancio Rapporti patri<span class=\"_ _0\"></span>moniali Crediti commer<span class=\"_ _0\"></span>ciali 166<span class=\"ls0\"> </span>10.217 30.082 1.829 42.294 320.138 13,2% Attivit\u00e0 finanziarie - 30<span class=\"ls0\"> </span>374<span class=\"ls0\"> </span>405<span class=\"ls0\"> </span>59.218 0,7% correnti Altre attivit\u00e0 cor<span class=\"_ _0\"></span>renti 722<span class=\"ls0\"> </span>5 727<span class=\"ls0\"> </span>23.936 3,0% Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie non 13.640 13.640 370.298 3,7% correnti Altre passivit\u00e0 non<span class=\"_ _0\"></span> 2.902 2.902 5.326 54,5% correnti Debiti commerciali<span class=\"_ _0\"></span> 49<span class=\"ls0\"> </span>2.259 19.826 422<span class=\"ls0\"> </span>22.555 413.605 5,5% Passivit\u00e0 finan<span class=\"_ _0\"></span>ziarie 3.292 356<span class=\"ls0\"> </span>3.648 145.304 2,5% correnti Altre passivit\u00e0 cor<span class=\"_ _0\"></span>renti 457<span class=\"ls0\"> </span>800<span class=\"ls0\"> </span>1.257 108.798 1,2% Rapporti econo<span class=\"_ _0\"></span>mici Ricavi 14.984 37.858 - 52.842 1.917.438 2,8% Altri ricavi oper<span class=\"_ _0\"></span>ativi 577<span class=\"ls0\"> </span>2.427 3.004 47.764 6,3% Altri costi opera<span class=\"_ _0\"></span>tivi 1.776 50.483 33<span class=\"ls0\"> </span>52.291 543.348 9,6% Proventi finanziari<span class=\"_ _0\"></span> 11<span class=\"ls0\"> </span>11<span class=\"ls0\"> </span>96.724 0,0% Oneri finanziari<span class=\"_ _0\"></span> 30<span class=\"ls0\"> </span>184<span class=\"ls0\"> </span>507<span class=\"ls0\"> </span>51<span class=\"ls0\"> </span>772<span class=\"ls0\"> </span>51.139 1,5%  <span class=\"_ _3c\"> </span> <span class=\"_ _33\"> </span>Le posizion<span class=\"_ _0\"></span>i nei confronti dell<span class=\"_ _0\"></span>e societ\u00e0 consortili sono relative all<span class=\"_ _0\"></span>a gestione operativa<span class=\"_ _0\"></span> de<span class=\"lsf\">lla</span> <span class=\"_ _5\"></span>controllata <span class=\"_ _4\"></span>Vianini <span class=\"_ _4\"></span>Lavori <span class=\"_ _5\"></span>SpA <span class=\"_ _5\"></span>con <span class=\"_ _4\"></span>consorzi <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _4\"></span>consortili <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>funzionano <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>il sistema \u201ca ribal<span class=\"_ _0\"></span>tamento costi\u201d<span class=\"_ _0\"></span>.<span class=\"ff2\">  </span>Le <span class=\"_ _a\"></span>passivit\u00e0 <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>correnti <span class=\"_ _a\"></span>e <span class=\"_ _17\"></span>correnti <span class=\"_ _a\"></span>verso <span class=\"_ _a\"></span>societ\u00e0 <span class=\"_ _a\"></span>sotto <span class=\"_ _17\"></span>comune <span class=\"_ _a\"></span>controllo riguardano <span class=\"_ _a\"></span>i <span class=\"_ _17\"></span>contratti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>affitto <span class=\"_ _17\"> </span>delle <span class=\"_ _17\"></span>sedi <span class=\"_ _a\"></span>sociali <span class=\"_ _a\"></span>della <span class=\"_ _17\"></span>Capogruppo <span class=\"_ _a\"></span>e <span class=\"_ _17\"></span>di <span class=\"_ _a\"></span>alcune <span class=\"_ _17\"> </span>controllate<span class=\"ls8\">, </span>contabilizzati in acco<span class=\"_ _0\"></span>rdo all\u2019<span class=\"_ _0\"></span>IFRS 16.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__117": {
   "value": "34.<span class=\"_ _b\"> </span><span class=\"ls0\">Transazion<span class=\"_ _0\"></span>i con amministra<span class=\"_ _0\"></span>tori, sindac<span class=\"_ _0\"></span>i e personale d<span class=\"_ _0\"></span>irigente del<span class=\"_ _0\"></span>la Societ\u00e0</span>Nel <span class=\"_ _3\"></span>corso <span class=\"_ _3\"></span>dell\u2019esercizio <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>erogati <span class=\"_ _2b\"></span>f<span class=\"_ _1\"></span>inanziamenti <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>ammini<span class=\"_ _0\"></span>stratori, <span class=\"_ _3\"></span>sindaci<span class=\"_ _0\"></span> e dirigenti aventi respon<span class=\"_ _0\"></span>sabi<span class=\"_ _0\"></span>lit\u00e0 strategiche ed all<span class=\"_ _0\"></span>a data del 31 di<span class=\"_ _0\"></span>cembre <span class=\"ls2\">20</span>22 il Gruppo non vanta crediti per <span class=\"_ _0\"></span>finanziamenti loro conce<span class=\"_ _0\"></span>ssi. Si <span class=\"_ _8\"> </span>precisa <span class=\"_ _9\"> </span>che, <span class=\"_ _8\"> </span>alla <span class=\"_ _8\"> </span>data <span class=\"_ _9\"> </span>del <span class=\"_ _8\"> </span>31 <span class=\"_ _8\"> </span>dicembre <span class=\"_ _8\"> </span><span class=\"ls2\">20</span>22, <span class=\"_ _9\"> </span>i <span class=\"_ _9\"> </span>compensi<span class=\"_ _0\"></span> <span class=\"_ _8\"> </span>spettanti <span class=\"_ _9\"> </span>agli amministratori <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>cariche <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>icoperte <span class=\"_ _3\"></span>nella <span class=\"_ _3\"></span>Societ\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>nel <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>sono <span class=\"_ _0\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>6,7 <span class=\"_ _0\"></span>mili<span class=\"_ _0\"></span>oni <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>Euro (5<span class=\"ls9\">,8</span> milion<span class=\"_ _0\"></span>i di euro nel 202<span class=\"_ _0\"></span>1). Tali compensi<span class=\"_ _0\"></span> rappresentano bene<span class=\"_ _0\"></span>fici a breve te<span class=\"_ _0\"></span>rmine. La societ\u00e0 non ha<span class=\"_ _0\"></span> in organico diri<span class=\"_ _0\"></span>genti con responsa<span class=\"_ _0\"></span>bilit\u00e0 strategiche. Per il <span class=\"_ _0\"></span>dettaglio dei<span class=\"_ _0\"></span> comp<span class=\"_ _0\"></span>ensi spettan<span class=\"_ _0\"></span>ti ai com<span class=\"_ _0\"></span>ponenti <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>organi di <span class=\"_ _0\"></span>amministrazione,<span class=\"_ _0\"></span> controllo <span class=\"_ _a\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>rinvia <span class=\"_ _5\"></span>alla <span class=\"_ _a\"></span>Relazi<span class=\"_ _0\"></span>one <span class=\"_ _a\"></span>sulla <span class=\"_ _5\"></span>Remuner<span class=\"ff6\">azione, <span class=\"_ _a\"></span>redat<span class=\"_ _0\"></span>ta <span class=\"_ _a\"></span>ai <span class=\"_ _5\"></span>sensi <span class=\"_ _5\"></span>dell\u2019art.123 <span class=\"_ _a\"></span>ter <span class=\"_ _5\"></span>del </span>testo <span class=\"_ _0\"></span>Unico, <span class=\"_ _3\"></span>messa a<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span>sposizion<span class=\"_ _0\"></span>e del<span class=\"_ _0\"></span> pubb<span class=\"_ _0\"></span>lico<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pubblicata <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me <span class=\"_ _0\"></span>richiesto <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>\u2019art.84 <span class=\"_ _0\"></span>quater<span class=\"_ _0\"></span> del Regolamento E<span class=\"_ _0\"></span>mittenti. La <span class=\"_ _14\"> </span>stessa <span class=\"_ _16\"> </span>Relazione <span class=\"_ _14\"> </span>sull<span class=\"_ _0\"></span>a <span class=\"_ _14\"> </span>Remunerazione <span class=\"_ _16\"> </span>contiene, <span class=\"_ _14\"> </span>inoltre<span class=\"_ _0\"></span>, <span class=\"_ _14\"> </span>le <span class=\"_ _14\"> </span>informazi<span class=\"_ _0\"></span>oni <span class=\"_ _14\"> </span>sulle partecipazioni <span class=\"_ _1e\"> </span>detenute <span class=\"_ _23\"> </span>nella <span class=\"_ _1e\"> </span>Societ\u00e0 <span class=\"_ _23\"> </span>e <span class=\"_ _8\"> </span>nelle <span class=\"_ _23\"> </span>societ\u00e0 <span class=\"_ _23\"> </span>da <span class=\"_ _23\"> </span>questa <span class=\"_ _23\"> </span>controllate <span class=\"_ _23\"> </span>di <span class=\"_ _23\"> </span>ogni componente gli organi<span class=\"_ _0\"></span> di ammini<span class=\"_ _0\"></span>strazione e contr<span class=\"_ _0\"></span>ollo.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__118": {
   "value": "35.<span class=\"_ _b\"> </span><span class=\"ff12 ls0\">Informativa a<span class=\"_ _0\"></span>i sensi del<span class=\"_ _0\"></span>l\u2019art. 149 duod<span class=\"_ _0\"></span>ecies della Delibera<span class=\"_ _0\"></span> Consob 119<span class=\"_ _0\"></span>71/99</span>L\u2019incarico <span class=\"_ _a\"></span>alla <span class=\"_ _19\"> </span>societ\u00e0 <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>revisione <span class=\"_ _17\"> </span>Pric<span class=\"ff2\">ewaterhouseCoopers <span class=\"_ _17\"></span>SpA <span class=\"_ _17\"></span>\u00e8 <span class=\"_ _17\"> </span>st<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>conferito </span>dall\u2019Assembl<span class=\"_ _0\"></span>ea dei Soci del 8 maggio<span class=\"_ _0\"></span> 2020 per il <span class=\"_ _0\"></span>periodo 2022/2030<span class=\"_ _0\"></span>.<span class=\"ff2\"> </span>I <span class=\"_ _2\"> </span>compensi <span class=\"_ _2\"> </span>di <span class=\"_ _2\"> </span>co<span class=\"_ _0\"></span>mpetenza <span class=\"_ _2\"> </span>del<span class=\"_ _0\"></span>l\u2019esercizio <span class=\"_ _2\"> </span>2022 <span class=\"_ _2\"> </span>cor<span class=\"_ _0\"></span>risposti <span class=\"_ _2\"> </span>dalla <span class=\"_ _2\"> </span>C<span class=\"_ _0\"></span>apogruppo<span class=\"_ _0\"></span> Caltagirone <span class=\"_ _1a\"> </span>SpA <span class=\"_ _1a\"> </span>e <span class=\"_ _1b\"> </span>dall<span class=\"_ _0\"></span>e <span class=\"_ _1a\"> </span>sue <span class=\"_ _1b\"> </span>controllate, <span class=\"_ _1a\"> </span>per <span class=\"_ _1b\"> </span>l\u2019attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _1b\"> </span>di <span class=\"_ _21\"> </span>revisione, <span class=\"_ _1a\"> </span>al<span class=\"_ _1\"></span><span class=\"ff2\">la <span class=\"_ _1b\"> </span>societ\u00e0 </span>PricewaterhouseCoope<span class=\"_ _0\"></span>rs S.p.A.ed alla sua <span class=\"_ _1\"></span>rete, sono <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>rispettivamen<span class=\"_ _0\"></span>te a <span class=\"_ _1\"></span>504 <span class=\"_ _1\"></span>migliaia di Euro e <span class=\"_ _1\"></span>1.130<span class=\"_ _0\"></span> migliaia di Euro. I<span class=\"_ _1\"></span> compensi corrisp<span class=\"_ _0\"></span>osti per gli altri servizi <span class=\"_ _1\"></span>sono stati pari a 132 migliaia <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Euro <span class=\"_ _a\"></span>(122 <span class=\"_ _5\"></span>migliai<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>Euro <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>Pricewaterho<span class=\"_ _1\"></span>useCoopers <span class=\"_ _5\"></span>SpA <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>10 <span class=\"_ _a\"></span>migli<span class=\"_ _0\"></span>aia <span class=\"_ _5\"></span>di Euro alla sua rete<span class=\"_ _0\"></span>).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__119": {
   "value": "36.<span class=\"ls0\"> <span class=\"_ _0\"></span>Gerarchia de<span class=\"_ _0\"></span>l fair value<span class=\"_ _0\"></span>   </span>Di seguito <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>evidenzia il livello gerarchico <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>passivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>che sono valutate <span class=\"_ _1\"></span>al <span class=\"_ _4\"></span><span class=\"ff7\">fair </span>value<span class=\"ff2\">: </span>31.12.2021 Nota Livello 1 Livello 2 Livello 3 Totale Investimenti immobiliari 4 320.304 21.800   <span class=\"ls0\">342.104  </span>Investimenti in Partecipazioni 6 554.705 554.705 Attivit\u00e0 finanziarie correnti 13<span class=\"ls0\"> </span>3.938 3.938 Totale attivit\u00e0 554.705 324.242 21.800 900.747 Passivit\u00e0 finanziarie non 20<span class=\"ls0\"> </span>(9.762) (9.762) correnti Passivit\u00e0 finanziarie correnti 20<span class=\"ls0\"> </span>(5.366) (5.366) Totale passivit\u00e0            <span class=\"ls0\">-  </span>(15.128)             <span class=\"ls0\">-  </span>(15.128) 31.12.2022 Nota Livello 1 Livello 2 Livello 3 Totale Investimenti immobiliari 4 343.911 25.582   <span class=\"ls0\">369.493  </span>Investimenti in Partecipazioni 6 557.475 557.475 Attivit\u00e0 finanziarie correnti 13<span class=\"ls0\"> </span>13.475 13.475 Totale attivit\u00e0 557.475 357.386 25.582 940.443 Passivit\u00e0 finanziarie non 20<span class=\"ls0\"> </span>(13.455) (13.455) correnti Passivit\u00e0 finanziarie correnti 20<span class=\"ls0\"> </span>(1.323) (1.323) Totale passivit\u00e0            <span class=\"ls0\">-  </span>(14.779)              <span class=\"ls0\">-  </span>(14.779) Nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _5\"></span><span class=\"ff2 ls2\">20<span class=\"ls0\">22 <span class=\"_ _a\"></span>non<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>vi <span class=\"_ _a\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>stati <span class=\"_ _5\"></span>trasferimenti <span class=\"_ _5\"></span>tra <span class=\"_ _a\"></span>i <span class=\"_ _4\"></span>vari <span class=\"_ _a\"></span>livel<span class=\"_ _0\"></span>li <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>non <span class=\"_ _4\"></span>\u00e8 </span></span>intervenuta alcuna <span class=\"_ _0\"></span>variazion<span class=\"_ _0\"></span>e nel livello 3. Si <span class=\"_ _3\"></span>precisa <span class=\"_ _2b\"></span>inoltre <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>immobili <span class=\"_ _2b\"></span>sono <span class=\"_ _3\"></span>iscritti <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _2b\"></span>value <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>perizie <span class=\"_ _2b\"></span>tecniche redatte <span class=\"_ _16\"> </span>da <span class=\"_ _16\"> </span>esperti <span class=\"_ _19\"> </span>indipendenti, <span class=\"_ _16\"> </span>basate <span class=\"_ _16\"> </span>prevale<span class=\"_ _0\"></span>ntemente <span class=\"_ _19\"> </span>sulle <span class=\"_ _16\"> </span>indicazioni <span class=\"_ _16\"> </span>provenienti <span class=\"_ _16\"> </span>dal mercato immobil<span class=\"_ _0\"></span>iare appli<span class=\"_ _0\"></span>cabili per la tipolog<span class=\"_ _0\"></span>ia di investimen<span class=\"_ _0\"></span>ti detenuti.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__120": {
   "value": "37.<span class=\"ls0\"> <span class=\"_ _0\"></span>Informaz<span class=\"_ _0\"></span>ione sui risch<span class=\"_ _0\"></span>i finanziari </span>L\u2019attivit\u00e0 <span class=\"_ _0\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _0\"></span>Caltagi<span class=\"_ _0\"></span>rone <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>sottopos<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>vari <span class=\"_ _0\"></span>rischi <span class=\"_ _3\"></span>f<span class=\"_ _1\"></span>inanziari: <span class=\"_ _3\"></span>rischio <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>credito, rischio di <span class=\"_ _1\"></span>liquidit\u00e0, rischio di <span class=\"_ _1\"></span>cambio, rischio di <span class=\"_ _1\"></span>tasso di <span class=\"_ _1\"></span>interesse<span class=\"_ _0\"></span>, rischio <span class=\"_ _1\"></span>di variazione di <span class=\"_ _1\"></span>fair value <span class=\"_ _14\"> </span>degli <span class=\"_ _16\"> </span>investimenti <span class=\"_ _14\"> </span>in <span class=\"_ _16\"> </span>strumenti <span class=\"_ _14\"> </span>di <span class=\"_ _14\"> </span>capitale, <span class=\"_ _14\"> </span>rischio <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>variazione <span class=\"_ _14\"> </span>di <span class=\"_ _16\"> </span>fair <span class=\"_ _14\"> </span>value <span class=\"_ _14\"> </span>degli investimenti <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mmobiliari, <span class=\"_ _3\"></span>rischio <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>prezzo delle <span class=\"_ _3\"></span>materie <span class=\"_ _0\"></span>prime <span class=\"_ _3\"></span>e rischi<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>ambi<span class=\"_ _0\"></span>ente <span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>sicurezza<span class=\"ls9\">. </span>La gestione <span class=\"_ _0\"></span>dei rischi <span class=\"_ _0\"></span>finanzi<span class=\"_ _0\"></span>ari del Gruppo <span class=\"_ _0\"></span>si sv<span class=\"_ _0\"></span>olge <span class=\"_ _0\"></span>nell\u2019ambi<span class=\"_ _0\"></span>to di precise <span class=\"_ _0\"></span>direttive di na<span class=\"_ _0\"></span>tura organizzativa che disciplinano la gestione degli stessi e <span class=\"_ _1\"></span>il controllo di tutte le operazioni che hanno <span class=\"_ _1e\"> </span>stretta<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>rilevanza<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>nella <span class=\"_ _1e\"> </span>co<span class=\"_ _0\"></span>mposizione <span class=\"_ _1e\"> </span>d<span class=\"_ _0\"></span>elle <span class=\"_ _1e\"> </span>attivit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>e <span class=\"_ _1e\"> </span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _1e\"> </span>finanziarie<span class=\"_ _0\"></span> <span class=\"_ _1e\"> </span>e <span class=\"_ _18\"> </span>/o commerciali.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__121": {
   "value": "Rischio di credito L\u2019esposizion<span class=\"_ _0\"></span>e <span class=\"_ _19\"> </span>massima <span class=\"_ _17\"> </span>al <span class=\"_ _19\"> </span>rischio <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>credito <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>il <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span>31 <span class=\"_ _19\"> </span>di<span class=\"ff2\">cembre <span class=\"_ _19\"> </span><span class=\"ls2\">20</span>22 <span class=\"_ _16\"> </span><span class=\"lsd\">\u00e8 </span></span>rappresentata <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>valore <span class=\"_ _3\"></span>contabile dei<span class=\"_ _0\"></span> crediti <span class=\"_ _0\"></span>iscrit<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>bilancio, <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"ls2\">320<span class=\"ls9\">,1</span></span> <span class=\"_ _3\"></span>m<span class=\"_ _1\"></span>ilioni<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>euro, di<span class=\"_ _0\"></span> cui 42,3 milion<span class=\"_ _0\"></span>i di euro verso pa<span class=\"_ _0\"></span>rti correlate. Il <span class=\"_ _4\"></span>rischio <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>credito <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _1\"></span>mitigato <span class=\"_ _5\"></span>da <span class=\"_ _4\"></span>un\u2019atten<span class=\"_ _0\"></span>ta <span class=\"_ _4\"></span>procedura <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>valutazione<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>della <span class=\"_ _5\"></span><span class=\"ff2\">solvibilit\u00e0<span class=\"_ _0\"></span> </span>della <span class=\"_ _17\"></span>clientela <span class=\"_ _17\"></span>ai <span class=\"_ _17\"></span>fini <span class=\"_ _17\"></span>della <span class=\"_ _17\"></span>concessione <span class=\"_ _a\"></span>degli <span class=\"_ _17\"></span>affidamenti <span class=\"_ _17\"></span>ai <span class=\"_ _17\"></span>singoli <span class=\"_ _a\"></span>clienti <span class=\"_ _19\"> </span>e, <span class=\"_ _17\"></span>infine, <span class=\"_ _17\"></span>non <span class=\"_ _17\"></span>si rilevano <span class=\"_ _17\"> </span>posizioni <span class=\"_ _a\"> </span>cr<span class=\"_ _1\"></span>editorie <span class=\"_ _a\"></span>significative <span class=\"_ _17\"> </span>che <span class=\"_ _19\"> </span>comportino <span class=\"_ _a\"></span>un\u2019eccessiva <span class=\"_ _17\"> </span>concentrazione <span class=\"_ _17\"> </span>del credito. 31.12.2022 31.12.2021 Gruppo Cemen<span class=\"_ _0\"></span>tir 194.434 170.107 Gruppo Caltagiro<span class=\"_ _0\"></span>ne Editore 34.215 36.992 Gruppo Vianini La<span class=\"_ _0\"></span>vori 88.473 73.291 Gruppo Vianini<span class=\"_ _0\"></span> 2.498 2.027 Altre societ\u00e0 518<span class=\"ls0\"> </span>631<span class=\"ls0\"> </span>Totale crediti<span class=\"_ _0\"></span> commerciali 320.138 283.048 La gestione dei rischi di credito<span class=\"_ _0\"></span> si basa su limiti di <span class=\"_ _1\"></span>credito interni determi<span class=\"_ _0\"></span>nati sia sulla<span class=\"_ _0\"></span> base dei clienti sia <span class=\"_ _0\"></span>sulla base dell'esperie<span class=\"_ _0\"></span>nza del Gruppo<span class=\"_ _0\"></span> con la cont<span class=\"_ _0\"></span>roparte.  A <span class=\"_ _17\"></span>causa <span class=\"_ _a\"></span>della <span class=\"_ _17\"></span>situazione <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>mercato, <span class=\"_ _17\"></span>negli <span class=\"_ _a\"></span>ultimi <span class=\"_ _17\"> </span>anni <span class=\"_ _a\"></span>il <span class=\"_ _17\"> </span>Gruppo <span class=\"_ _17\"></span>ha <span class=\"_ _a\"></span>aumentato <span class=\"_ _a\"></span>le risorse <span class=\"_ _1\"></span>utilizzate per <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>follow-up <span class=\"_ _1\"></span>sui <span class=\"_ _1\"></span>clienti, <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>contribuisce ad <span class=\"_ _1\"></span>avvertire tempestivamente di possibili<span class=\"_ _0\"></span> rischi. Storicamente i<span class=\"_ _0\"></span>l Gruppo ha <span class=\"ls2\">non</span> subito perdi<span class=\"_ _0\"></span>te significative<span class=\"ls9\">. <span class=\"_ _0\"></span><span class=\"ls0\"> </span></span>Le <span class=\"_ _0\"></span>prospet<span class=\"_ _0\"></span>tive <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>recuper<span class=\"_ _0\"></span>abilit\u00e0 <span class=\"_ _3\"></span>dei crediti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _3\"></span>essere <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>valutate <span class=\"_ _3\"></span>tenendo <span class=\"_ _3\"></span>conto <span class=\"_ _0\"></span>delle garanzie in <span class=\"_ _0\"></span>essere<span class=\"_ _0\"></span> validamente<span class=\"_ _0\"></span> escu<span class=\"_ _0\"></span>tibili <span class=\"_ _0\"></span>e delle <span class=\"_ _0\"></span>indicazion<span class=\"_ _0\"></span>i dei <span class=\"_ _0\"></span>legali <span class=\"_ _0\"></span>che seg<span class=\"_ _0\"></span>uono la <span class=\"_ _0\"></span>pratica di recupero.  Il <span class=\"_ _17\"></span>limite <span class=\"_ _a\"></span>di <span class=\"_ _17\"></span>rischio <span class=\"_ _a\"></span>di <span class=\"_ _17\"></span>credito <span class=\"_ _17\"></span>delle <span class=\"_ _a\"></span>attivit\u00e0 <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>inanzi<span class=\"_ _0\"></span>arie <span class=\"_ _19\"> </span>corrisponde<span class=\"_ _0\"></span> <span class=\"_ _17\"></span>ai <span class=\"_ _17\"></span>valori <span class=\"_ _a\"></span>rilevati <span class=\"_ _17\"></span>in<span class=\"_ _0\"></span> bilancio.  Nessun singolo cli<span class=\"_ _0\"></span>ente presenta rischi<span class=\"_ _0\"></span> significativi<span class=\"_ _0\"></span> per il Gruppo.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__122": {
   "value": "Rischio di liquidit\u00e0 Il rischio<span class=\"_ _0\"></span> di l<span class=\"_ _0\"></span>iquidit\u00e0 <span class=\"_ _0\"></span>a cui<span class=\"_ _0\"></span> \u00e8 <span class=\"_ _0\"></span>esposto i<span class=\"_ _0\"></span>l G<span class=\"_ _0\"></span>ruppo fa<span class=\"_ _0\"></span> riferimento<span class=\"_ _0\"></span> alla <span class=\"_ _0\"></span>disponibi<span class=\"_ _0\"></span>lit\u00e0 di <span class=\"_ _0\"></span>risorse<span class=\"_ _0\"></span> finanziarie, all\u2019acce<span class=\"_ _0\"></span>sso<span class=\"ff2\"> al mercato<span class=\"_ _0\"></span> del credito e de<span class=\"_ _0\"></span>gli strumenti <span class=\"_ _0\"></span>finanziari in ge<span class=\"_ _0\"></span>nerale.  </span>Tale <span class=\"_ _a\"></span>rischio <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _17\"></span>gestito <span class=\"_ _a\"></span>monitorando <span class=\"_ _a\"></span>costantemen<span class=\"_ _0\"></span>te <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>lussi <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>cassa, <span class=\"_ _a\"></span>le <span class=\"_ _17\"></span>necessit\u00e0 <span class=\"_ _a\"></span>di finanziamento e<span class=\"_ _0\"></span> la liquidi<span class=\"_ _0\"></span>t\u00e0 delle societ\u00e0<span class=\"_ _0\"></span> controllat<span class=\"_ _0\"></span>e con l\u2019ob<span class=\"_ _0\"></span>iettivo di garan<span class=\"_ _0\"></span>tire un\u2019efficace<span class=\"_ _0\"></span> ed efficiente gestione<span class=\"_ _0\"></span> delle ri<span class=\"_ _0\"></span>sorse finanziarie.  Il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>Caltagirone<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dispone <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>liquidi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _5\"></span>propria <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>si <span class=\"_ _a\"></span>ritiene<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>pertanto <span class=\"_ _a\"></span>il <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ischio <span class=\"_ _5\"></span>non significativo per<span class=\"_ _0\"></span> il Gruppo.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s7_notes__5__123-1": {
   "value": "Rischio di cambio Le <span class=\"_ _1b\"> </span>societ\u00e0 <span class=\"_ _1a\"> </span>del <span class=\"_ _1b\"> </span>Gruppo <span class=\"_ _1a\"> </span>Cementir, <span class=\"_ _1a\"> </span>operando <span class=\"_ _1b\"> </span>a <span class=\"_ _1a\"> </span>livello <span class=\"_ _1b\"> </span>internazionale, <span class=\"_ _1a\"> </span>sono strutturalmen<span class=\"_ _0\"></span>te <span class=\"_ _17\"></span>esposte <span class=\"_ _a\"></span>al <span class=\"_ _17\"></span>rischio <span class=\"_ _17\"></span>di <span class=\"_ _17\"></span>cambio <span class=\"_ _17\"></span>per <span class=\"_ _17\"></span>i <span class=\"_ _17\"></span>flussi <span class=\"_ _17\"></span>finanziari <span class=\"_ _a\"></span>derivanti <span class=\"_ _17\"></span>dalla <span class=\"_ _a\"></span>gestione operativa <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>dalle <span class=\"_ _2b\"></span>operazioni <span class=\"_ _3\"></span>di <span class=\"_ _2b\"></span>finanziamento <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>valute <span class=\"_ _2b\"></span>diverse <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>quelle <span class=\"_ _2b\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>vengono <span class=\"_ _3\"></span>redatti<span class=\"_ _0\"></span> i <span class=\"_ _3\"></span>bilanci <span class=\"_ _3\"></span>delle <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _3\"></span>controllate. <span class=\"_ _3\"></span>I <span class=\"_ _0\"></span>rischi <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>cambio <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>monitorati <span class=\"_ _3\"></span>sistematicamente<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _0\"></span>modo da <span class=\"_ _1\"></span>valutare <span class=\"_ _4\"></span>in <span class=\"_ _1\"></span>anticipo <span class=\"_ _1\"></span>eventuali <span class=\"_ _1\"></span>impatti <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>intrapr<span class=\"_ _0\"></span>endere <span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>necessarie<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>azioni <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>mitigazione.<span class=\"_ _0\"></span> A <span class=\"_ _1\"></span>fr<span class=\"_ _1\"></span>onte <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>tali <span class=\"_ _1\"></span>rischi <span class=\"_ _1\"></span>di <span class=\"_ _4\"></span>cambio <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo, <span class=\"_ _1\"></span>tenuto <span class=\"_ _1\"></span>conto <span class=\"_ _4\"></span>dell\u2019hedging<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>natural<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>dei <span class=\"_ _4\"></span>flussi <span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>dei finanziamenti, pone<span class=\"_ _0\"></span> in essere con<span class=\"_ _0\"></span>tratti con fina<span class=\"_ _0\"></span>lit\u00e0 di copertu<span class=\"_ _0\"></span>ra. Per <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>riguarda <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>principali <span class=\"_ _5\"></span>effetti <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>consol<span class=\"_ _0\"></span>idamento <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>estere,<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>se <span class=\"_ _a\"></span>i tassi <span class=\"_ _17\"> </span>di <span class=\"_ _19\"> </span>cambio <span class=\"_ _17\"></span>in <span class=\"_ _17\"></span>Lira <span class=\"_ _17\"></span>Turca <span class=\"_ _19\"> </span>(TRY), <span class=\"_ _17\"></span>Corona <span class=\"_ _17\"></span>Norvegese <span class=\"_ _a\"></span>(NOK), <span class=\"_ _19\"> </span>Coron<span class=\"_ _0\"></span>a <span class=\"_ _17\"> </span>Svedese <span class=\"_ _17\"> </span>(SEK), Dollaro <span class=\"_ _3\"></span>Usa <span class=\"_ _3\"></span>(USD),<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Renminbi-Yuan <span class=\"_ _2b\"></span>(<span class=\"_ _1\"></span>CNY), <span class=\"_ _3\"></span>Ringgi<span class=\"_ _0\"></span>t <span class=\"_ _3\"></span>(MYR) <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Lira <span class=\"_ _3\"></span>Egiziana <span class=\"_ _2b\"></span>(EGP) <span class=\"_ _3\"></span>fossero <span class=\"_ _3\"></span>stati tutti <span class=\"_ _a\"></span>inferiori <span class=\"_ _5\"></span>mediamente <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>10% <span class=\"_ _a\"></span>rispetto <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cambio <span class=\"_ _a\"></span>effettivo<span class=\"_ _0\"></span>, <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>conversione <span class=\"_ _a\"></span>dei patrimoni <span class=\"_ _1\"></span>netti <span class=\"_ _1\"></span>avrebbe generato <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>riduzione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>cir<span class=\"_ _1\"></span>ca <span class=\"_ _1\"></span>58 milioni <span class=\"_ _5\"></span>di <span class=\"_ _17\"></span>Euro <span class=\"_ _a\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>circa <span class=\"_ _a\"></span>2,3% <span class=\"_ _a\"></span>sul <span class=\"_ _a\"></span>patrimonio <span class=\"_ _5\"></span>netto <span class=\"_ _a\"></span>consolidato <span class=\"_ _a\"></span>(31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _a\"></span>2021 <span class=\"_ _a\"></span>una<span class=\"_ _0\"></span> riduzione di 55 mili<span class=\"_ _0\"></span>oni di Euro pari a circa 2,4%). La valuta che ha avuto il maggiore i<span class=\"_ _0\"></span>mpatto<span class=\"_ _0\"></span> \u00e8 <span class=\"_ _3\"></span>la <span class=\"_ _0\"></span>Lira <span class=\"_ _3\"></span>Turca <span class=\"_ _0\"></span>(TRY), <span class=\"_ _3\"></span>12 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>Euro. <span class=\"_ _3\"></span>Ulteriori <span class=\"_ _0\"></span>rischi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _3\"></span>valuta de<span class=\"_ _0\"></span>rivanti <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>consolidamento delle altre socie<span class=\"_ _0\"></span>t\u00e0 estere sono da con<span class=\"_ _0\"></span>siderarsi<span class=\"_ _0\"></span> irrilevanti.  La <span class=\"_ _a\"></span>predominante <span class=\"_ _a\"></span>esposizion<span class=\"_ _0\"></span>e <span class=\"_ _a\"></span>valutaria <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>il <span class=\"_ _17\"></span>Gruppo <span class=\"_ _a\"></span>riguarda <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>risultato <span class=\"_ _a\"></span>operativo derivante <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>vendite <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>acquisti <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>NOK, <span class=\"_ _3\"></span>CNY, <span class=\"_ _3\"></span>GBP<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>PLN <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>SEK<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Una <span class=\"_ _3\"></span>ipotetica <span class=\"_ _3\"></span>diminuzione<span class=\"_ _0\"></span> del <span class=\"_ _3\"></span>10% <span class=\"_ _2b\"></span>in <span class=\"_ _3\"></span>tutti <span class=\"_ _2b\"></span>questi <span class=\"_ _3\"></span>tassi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cambio<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(ad <span class=\"_ _2b\"></span>eccezione <span class=\"_ _3\"></span>del <span class=\"_ _2b\"></span>DKK) <span class=\"_ _3\"></span>avrebbe<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>generato<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>una <span class=\"_ _2b\"></span>riduzione del margine opera<span class=\"_ _0\"></span>tivo lor<span class=\"_ _0\"></span>do di 4,4 mil<span class=\"_ _0\"></span>ioni di Euro<span class=\"_ _0\"></span> (CNY pari a<span class=\"_ _0\"></span> 1,5 mili<span class=\"_ _0\"></span>oni di Euro, USD<span class=\"_ _0\"></span> pari a -3,6 mili<span class=\"_ _0\"></span>oni di <span class=\"_ _0\"></span>Euro, SEK <span class=\"_ _0\"></span>pari a 2,1 <span class=\"_ _0\"></span>milion<span class=\"_ _0\"></span>i di E<span class=\"_ _0\"></span>uro, PLN pari a <span class=\"_ _0\"></span>2,4 mil<span class=\"_ _0\"></span>ioni di<span class=\"_ _0\"></span> Euro, TRY<span class=\"_ _0\"></span> pari a<span class=\"_ _3\"></span> -2,0 m<span class=\"_ _1\"></span>ilioni<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di Euro <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>NOK <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>milioni di <span class=\"_ _1\"></span>Euro) <span class=\"_ _1\"></span>(2021 <span class=\"_ _1\"></span>di 13,4 <span class=\"_ _1\"></span>milioni di <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>di cui: <span class=\"_ _1\"></span>CNY pari a 2,4 milioni<span class=\"_ _0\"></span> di Euro, USD pari a 3,5 milioni<span class=\"_ _0\"></span> di Euro, SEK pari a 1,7 milion<span class=\"_ _0\"></span>i di Euro, PLN pari a 1,6 mili<span class=\"_ _0\"></span>oni di Euro e NOK pa<span class=\"_ _0\"></span>ri a 2,7 mili<span class=\"_ _0\"></span>oni di Euro). Il <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>Cementir <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>stipulato <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contratto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>swap <span class=\"_ _0\"></span>(hedge <span class=\"_ _3\"></span>accounti<span class=\"_ _0\"></span>ng) <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>data di <span class=\"_ _3\"></span>scadenza <span class=\"_ _0\"></span>nel <span class=\"_ _3\"></span>2024, <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _0\"></span>sono <span class=\"_ _3\"></span>stati <span class=\"_ _0\"></span>coperti <span class=\"_ _3\"></span>sia <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>ischio <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>cambio <span class=\"_ _3\"></span>sia <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>r<span class=\"_ _1\"></span>ischio <span class=\"_ _3\"></span>di <span class=\"_ _0\"></span>interesse<span class=\"_ _0\"></span>. In relazione <span class=\"_ _0\"></span>al rischio <span class=\"_ _0\"></span>di interesse<span class=\"_ _0\"></span>, il G<span class=\"_ _0\"></span>ruppo Cemen<span class=\"_ _0\"></span>tir ha accordato <span class=\"_ _0\"></span>di pag<span class=\"_ _0\"></span>are un tas<span class=\"_ _0\"></span>so fisso<span class=\"_ _0\"></span> pari a<span class=\"_ _0\"></span> 0,43%<span class=\"_ _0\"></span> +<span class=\"_ _0\"></span> uno<span class=\"_ _0\"></span> spread <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>3,63% <span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>l Gruppo<span class=\"_ _0\"></span> Cementi<span class=\"_ _0\"></span>r riceve<span class=\"_ _0\"></span>r\u00e0 EU<span class=\"_ _0\"></span>RIBOR <span class=\"_ _0\"></span>+ un<span class=\"_ _0\"></span>o sp<span class=\"_ _0\"></span>read<span class=\"_ _0\"></span> del 2,88% ogni <span class=\"_ _1\"></span>30 aprile e 31 <span class=\"_ _1\"></span>ottobre fino alla scadenza. <span class=\"_ _1\"></span>La parte efficace della copertura \u00e8 uguale a tutti i<span class=\"_ _0\"></span> pagamenti futu<span class=\"_ _0\"></span>ri del flusso di ca<span class=\"_ _0\"></span>ssa e alle quot<span class=\"_ _0\"></span>e nominali<span class=\"_ _0\"></span>.  La <span class=\"_ _19\"> </span>passivit\u00e0 <span class=\"_ _19\"> </span>al <span class=\"_ _16\"> </span>fair <span class=\"_ _19\"> </span>value <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>inclusa <span class=\"_ _19\"> </span>in <span class=\"_ _16\"> </span>una <span class=\"_ _19\"> </span>voce <span class=\"_ _19\"> </span>separ<span class=\"_ _1\"></span>ata <span class=\"_ _19\"> </span>nello <span class=\"_ _19\"> </span>stato <span class=\"_ _19\"> </span>patrimoniale \"Passivit\u00e0 finanzi<span class=\"_ _0\"></span>arie correnti\". La parte ine<span class=\"_ _0\"></span>fficace \u00e8 <span class=\"_ _0\"></span>rilevata come proven<span class=\"_ _0\"></span>to finanzi<span class=\"_ _0\"></span>ario. Variazioni nel 2022 Scadenza Valore Fair Parte inefficace FV rilevate nella Strike value rilevata a Conto nozionale riserva di passivit\u00e0 Economico copertura Euro milioni &lt; 1 anno 1-5 anni &gt; 5 anni 1,00 EUR/ Swap USD/EUR<span class=\"_ _1\"></span> 77,3 10,7 66,6 0,0 -6,6 8,3 0,6 1,235 USD Variazioni nel 2021 Scadenza Valore Fair Parte inefficace FV rilevate Strike value rilevata a Cont<span class=\"_ _1\"></span>o nozionale nella riserva di passivit\u00e0 Economico copertura Euro milioni &lt; 1 anno 1-5 anni &gt; 5 anni 1,00 EUR/ Swap USD/EUR<span class=\"_ _1\"></span> 88,4 11,1 77,3 0,0 -7,1 2,0 0,3 1,235 USD Rischio di tasso di interesse Il <span class=\"_ _5\"></span><span class=\"ff7\">rischio <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inter<span class=\"_ _0\"></span>esse<span class=\"ff2\"> <span class=\"_ _5\"></span>riguarda <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>aumento <span class=\"_ _5\"></span>degli <span class=\"_ _4\"></span>oneri <span class=\"_ _5\"></span>derivanti <span class=\"_ _4\"></span>da </span></span>interessi <span class=\"_ _4\"></span>indicizzati <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>tasso <span class=\"_ _4\"></span>variabile <span class=\"_ _4\"></span>su <span class=\"_ _4\"></span>finanziam<span class=\"_ _0\"></span>enti <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>medio <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>termine <span class=\"_ _4\"></span>contratti <span class=\"_ _4\"></span>dalle<span class=\"_ _0\"></span> societ\u00e0 appartenen<span class=\"_ _0\"></span>ti al Gruppo. Il G<span class=\"_ _0\"></span>ruppo, <span class=\"_ _0\"></span>avendo <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>dicembre <span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>2 un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>indebitamento <span class=\"_ _0\"></span>finanzi<span class=\"_ _0\"></span>ario a<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>tasso <span class=\"_ _0\"></span>variabi<span class=\"_ _0\"></span>le di <span class=\"_ _16\"> </span>4<span class=\"ls2\">80</span>,9 <span class=\"_ _16\"> </span>milioni <span class=\"_ _16\"> </span>di <span class=\"_ _14\"> </span>Euro <span class=\"_ _16\"> </span><span class=\"ff6\">\u00e8 <span class=\"_ _14\"> </span>quindi <span class=\"_ _16\"> </span>esposto<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>al <span class=\"_ _14\"> </span>rischio <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>fluttuazione <span class=\"_ _16\"> </span>dei <span class=\"_ _16\"> </span>tassi <span class=\"_ _14\"> </span>d\u2019inte<span class=\"_ _0\"></span>resse. </span>Valutato <span class=\"_ _5\"></span>compiutamente<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>livel<span class=\"_ _0\"></span>lo <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span>tassi<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>attesi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>le <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>empistiche <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>riduzione <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>debito<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>in funzione <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>previsioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>cassa, <span class=\"_ _4\"></span>vengono<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>comunque <span class=\"_ _1\"></span>posti <span class=\"_ _1\"></span>in <span class=\"_ _4\"></span>esse<span class=\"_ _0\"></span>re, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>parziale <span class=\"_ _1\"></span>copertura del rischio, cont<span class=\"_ _0\"></span>ratti di <span class=\"ff7\">Interest Rate<span class=\"_ _0\"></span> Swap<span class=\"ff2\">. </span></span>Un <span class=\"_ _3\"></span>incremento <span class=\"_ _2b\"></span>annuo <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>tassi <span class=\"_ _2b\"></span>di <span class=\"_ _3\"></span>interesse, <span class=\"_ _2b\"></span>su <span class=\"_ _3\"></span>tutte <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>valute <span class=\"_ _2b\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>il <span class=\"_ _2b\"></span>debito <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>contratto,<span class=\"_ _0\"></span> pari <span class=\"_ _4\"></span>all\u20191%, <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>parit\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>altre <span class=\"_ _5\"></span>variabili<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>avrebbe <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>impatto <span class=\"_ _4\"></span>negativo <span class=\"_ _4\"></span>sull\u2019utile <span class=\"_ _4\"></span>ant<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>imposte <span class=\"_ _4\"></span>di 4,8 mil<span class=\"_ _0\"></span>ioni di<span class=\"_ _0\"></span> Euro<span class=\"ls9\">. </span>Un <span class=\"_ _0\"></span>decremen<span class=\"_ _0\"></span>to dei <span class=\"_ _0\"></span>tassi di <span class=\"_ _0\"></span>inte<span class=\"_ _0\"></span>ressi dell<span class=\"_ _0\"></span>o stesso li<span class=\"_ _0\"></span>vello avrebbe<span class=\"_ _0\"></span> avuto <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> corrispondente impa<span class=\"_ _0\"></span>tto posi<span class=\"_ _0\"></span>tivo.38.<span class=\"ls0\"> <span class=\"_ _0\"></span>Fatti di ril<span class=\"_ _0\"></span>ievo avvenut<span class=\"_ _0\"></span>i dopo la chiusu<span class=\"_ _0\"></span>ra <span class=\"ff12\">dell\u2019eserciz<span class=\"_ _0\"></span>io<span class=\"ffb\"> </span></span></span>Non sono intervenu<span class=\"_ _0\"></span>ti fatti di ril<span class=\"_ _0\"></span>ievo successi<span class=\"_ _0\"></span>vi alla chiusura dell<span class=\"_ _0\"></span>\u2019esercizio",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "it",
    "entity": "scheme:815600110244AC18B089",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}