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  "fact-418": {
   "value": "(1)<span class=\"_ _23\"></span> Atti<span class=\"_ _23\"></span>vit\u00e0 <span class=\"_ _23\"></span>del gr<span class=\"_ _23\"></span>uppo Il <span class=\"_ _23\"></span>gruppo TIP <span class=\"_ _23\"></span>\u00e8 <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>gruppo <span class=\"_ _1\"></span>industriale <span class=\"_ _1\"></span>indipendente <span class=\"_ _1\"></span>e <span class=\"_ _23\"></span>diversi<span class=\"_ _2\"></span>ficato, <span class=\"_ _23\"></span>foca<span class=\"_ _2\"></span>lizzato <span class=\"_ _23\"></span>sulle medie/medio-<span class=\"_ _5d\"> </span>grandi aziende italiane ed in particolare effettua attivit\u00e0 di: \u2022<span class=\"ff6\"> <span class=\"_ _50\"> </span><span class=\"ff3 fs1\">investimenti <span class=\"_ _28\"></span>come <span class=\"_ _2a\"></span>azionista <span class=\"_ _28\"></span>attivo <span class=\"_ _2a\"></span>in <span class=\"_ _28\"></span>societ\u00e0 <span class=\"_ _28\"></span>(quotate <span class=\"_ _28\"></span>e <span class=\"_ _2a\"></span>non) <span class=\"_ _28\"></span>in <span class=\"_ _28\"></span>gra<span class=\"_ _2\"></span>do <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>esprimere <span class=\"_ _28\"></span>delle </span></span>\u201ceccellenze\u201d <span class=\"_ _23\"></span>nei<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>rispettivi <span class=\"_ _1\"></span>settori <span class=\"_ _23\"></span>di riferimento <span class=\"_ _23\"></span>e, <span class=\"_ _23\"></span>nel<span class=\"_ _2\"></span>l\u2019ambito del <span class=\"_ _23\"></span>progetto <span class=\"_ _23\"></span>Star<span class=\"_ _2\"></span>TIP, <span class=\"_ _23\"></span>in <span class=\"ffb\">start-<span class=\"_ _5d\"> </span></span>up<span class=\"ff3 ls0\"> e societ\u00e0 innovative; </span>\u2022<span class=\"ff6\"> <span class=\"_ _50\"> </span><span class=\"ff3 fs1\">investimenti <span class=\"_ _2\"></span>- <span class=\"_ _2\"></span>tramite <span class=\"_ _2\"></span>Itaca Equity <span class=\"_ _2\"></span>Holding<span class=\"_ _2\"></span>, <span class=\"_ _2\"></span>ormai finalizzati <span class=\"_ _2\"></span>semplicemente a <span class=\"_ _2\"></span>concludere </span></span>l\u2019unica opera<span class=\"_ _2\"></span>zione<span class=\"ff3\"> effettuata <span class=\"_ _2\"></span>- <span class=\"_ _2\"></span>in aziende <span class=\"_ _2\"></span>che attraversino <span class=\"_ _2\"></span>periodi di <span class=\"_ _2\"></span>temporanee <span class=\"_ _2\"></span>difficolt\u00e0 </span>finanziarie e di necessit\u00e0 di riorientamento sia strategico che organizzativo;  \u2022<span class=\"ff6\"> <span class=\"_ _50\"> </span><span class=\"ffb fs1\">advisory<span class=\"ff3\">: <span class=\"_ _25\"> </span>in <span class=\"_ _25\"> </span>operazioni <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>finanza <span class=\"_ _22\"> </span>s<span class=\"_ _2\"></span>traordinaria, <span class=\"_ _22\"> </span>in <span class=\"_ _19\"> </span>particolare <span class=\"_ _22\"> </span>di <span class=\"_ _19\"> </span>ac<span class=\"_ _1\"></span>quisizioni <span class=\"_ _22\"> </span>e <span class=\"_ _19\"> </span>ce<span class=\"_ _1\"></span>ssioni, </span></span></span>attraverso la divisione Tamburi &amp; Associati (T<span class=\"_ _5d\"> </span>&amp;A). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-468": {
   "value": "Il gruppo TIP \u00e8 un gruppo industriale indipendente e diversificato, focalizzato sulle medie/medio- grandi aziende italiane ed in particolare effettua attivit\u00e0 di: \u2022  investimenti come azionista attivo in societ\u00e0 (quotate e non) in grado di esprimere delle \u201ceccellenze\u201d nei rispettivi settori di riferimento e, nell\u2019ambito del progetto StarTIP, in start- up e societ\u00e0 innovative; \u2022  investimenti - tramite Itaca Equity Holding, ormai finalizzati semplicemente a concludere l\u2019unica operazione effettuata - in aziende che attraversino periodi di temporanee difficolt\u00e0 finanziarie e di necessit\u00e0 di riorientamento sia strategico che organizzativo;  \u2022  advisory:  in  operazioni  di  finanza  straordinaria,  in  particolare  di  acquisizioni  e  cessioni, attraverso la divisione Tamburi Associati (T A).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-479": {
   "value": "(2<span class=\"_ _1\"></span>) <span class=\"_ _23\"></span>P<span class=\"_ _2\"></span>ri<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bi<span class=\"_ _23\"></span>li<span class=\"_ _2\"></span> La <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _29\"></span>capogruppo <span class=\"_ _29\"></span>TIP <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _29\"></span>stata <span class=\"_ _2\"></span>costituita <span class=\"_ _29\"></span>ai <span class=\"_ _2\"></span>sensi <span class=\"_ _29\"></span>del <span class=\"_ _2\"></span>diritto <span class=\"_ _29\"></span>italiano <span class=\"_ _29\"></span>come <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _29\"></span>per <span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>zioni <span class=\"_ _2\"></span>e ha sede in Italia. La <span class=\"_ _27\"></span>societ\u00e0 <span class=\"_ _27\"></span>\u00e8 <span class=\"_ _22\"> </span>stata <span class=\"_ _27\"></span>quotata <span class=\"_ _27\"></span>nel <span class=\"_ _27\"></span>novembre <span class=\"_ _27\"></span>2005 <span class=\"_ _27\"></span>e <span class=\"_ _27\"></span>dal <span class=\"_ _22\"> </span>20 <span class=\"_ _27\"></span>dicembre <span class=\"_ _27\"></span>2010 <span class=\"_ _27\"></span>Borsa<span class=\"_ _2\"></span> <span class=\"_ _27\"></span>Italiana <span class=\"_ _27\"></span>S.p.A. <span class=\"_ _27\"></span>ha attribuito la qualifica STAR alle azioni ordinarie di TIP. Il <span class=\"_ _8\"> </span>presente <span class=\"_ _2c\"> </span>bilancio <span class=\"_ _2c\"> </span>consolidato <span class=\"_ _2c\"> </span>al <span class=\"_ _2c\"> </span>31 <span class=\"_ _8\"> </span>dic<span class=\"_ _2\"></span>embre <span class=\"_ _8\"> </span>202<span class=\"_ _2\"></span>5 <span class=\"_ _2c\"> </span>\u00e8 <span class=\"_ _8\"> </span>s<span class=\"_ _2\"></span>tato <span class=\"_ _8\"> </span>approvato <span class=\"_ _2c\"> </span>dal <span class=\"_ _2c\"> </span>Consiglio <span class=\"_ _2c\"> </span>di Amministrazione del 16 marzo 2026 che ne ha autorizzato la pubblicazione. Il <span class=\"_ _29\"></span>bilancio <span class=\"_ _28\"></span>consolidato <span class=\"_ _28\"></span>al <span class=\"_ _29\"></span>31 <span class=\"_ _28\"></span>dicembre <span class=\"_ _28\"></span>2025<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>tato <span class=\"_ _29\"></span>redatto <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ul <span class=\"_ _29\"></span>presuppos<span class=\"_ _2\"></span>to <span class=\"_ _29\"></span>del <span class=\"_ _29\"></span>funzionamento <span class=\"_ _28\"></span>e<span class=\"_ _5d\"> </span> della <span class=\"_ _19\"> </span>continuit<span class=\"_ _23\"></span>\u00e0 <span class=\"_ _19\"> </span>aziendale <span class=\"_ _22\"> </span>ed <span class=\"_ _19\"> </span>in <span class=\"_ _25\"> </span>conformit\u00e0 <span class=\"_ _19\"> </span>ai <span class=\"_ _22\"> </span>criteri <span class=\"_ _19\"> </span>di <span class=\"_ _22\"> </span>va<span class=\"_ _2\"></span>lutazione <span class=\"_ _25\"> </span>stabiliti <span class=\"_ _25\"> </span>dagli<span class=\"_ _29\"></span> <span class=\"_ _19\"> </span>I<span class=\"_ _1\"></span>nternational<span class=\"_ _5d\"> </span> Financial Reporting Stand<span class=\"_ _1\"></span>ards e <span class=\"_ _1\"></span>gli International <span class=\"_ _23\"></span>Accounting Standards (nel <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>eguito \u201cIFRS\u201d,\u201cIAS<span class=\"_ _1\"></span>\u201d<span class=\"_ _5d\"> </span> o <span class=\"_ _2\"></span>principi <span class=\"_ _29\"></span>contabili <span class=\"_ _29\"></span>internazionali) <span class=\"_ _2\"></span>emanati <span class=\"_ _2\"></span>da<span class=\"_ _2\"></span>ll\u2019International <span class=\"_ _2\"></span>Accounting <span class=\"_ _29\"></span>Standards <span class=\"_ _2\"></span>Board <span class=\"_ _2\"></span>(IASB)<span class=\"_ _5d\"> </span> e <span class=\"_ _26\"> </span>le <span class=\"_ _48\"> </span>relative <span class=\"_ _26\"> </span>interpretazioni <span class=\"_ _26\"> </span>del<span class=\"_ _2\"></span>l\u2019Internation<span class=\"ff3\">al <span class=\"_ _48\"> </span>Financial <span class=\"_ _26\"> </span>Reporting <span class=\"_ _26\"> </span>Interpretations <span class=\"_ _48\"> </span>Committee<span class=\"_ _5d\"> </span></span><span class=\"ff3\"> </span>(IFRIC) <span class=\"_ _2c\"> </span>e <span class=\"_ _18\"> </span>adottati <span class=\"_ _2c\"> </span>dalla <span class=\"_ _18\"> </span>Commissione <span class=\"_ _18\"> </span>della <span class=\"_ _2c\"> </span>Comunit\u00e0 <span class=\"_ _18\"> </span>Europea <span class=\"_ _2c\"> </span>con <span class=\"_ _18\"> </span>regolamento <span class=\"_ _2c\"> </span>numero<span class=\"_ _5d\"> </span> 1725/2003 <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>successive modifiche, <span class=\"_ _2\"></span>conformemente <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>regolamento <span class=\"_ _2\"></span>n\u00b0 <span class=\"_ _2\"></span>1606/2002 <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Parlamento<span class=\"_ _5d\"> </span> Europeo. Il bilancio con<span class=\"_ _1\"></span>solidato, in <span class=\"_ _1\"></span>accordo con lo I<span class=\"_ _1\"></span>AS 1, <span class=\"_ _23\"></span>\u00e8 costituito dal prospetto <span class=\"_ _1\"></span>di conto <span class=\"_ _23\"></span>ec<span class=\"_ _2\"></span>onomico, dal<span class=\"_ _1\"></span> prospetto <span class=\"_ _2c\"> </span>di <span class=\"_ _2c\"> </span>conto <span class=\"_ _2c\"> </span>economico <span class=\"_ _2c\"> </span>complessivo, <span class=\"_ _18\"> </span>dal <span class=\"_ _8\"> </span>prospetto <span class=\"_ _2c\"> </span>del<span class=\"_ _2\"></span>la <span class=\"_ _2c\"> </span>situazione <span class=\"_ _2c\"> </span>patrimoniale <span class=\"_ _18\"> </span><span class=\"ff7\">\u2013</span> finanziaria, <span class=\"_ _23\"></span>dal prospetto <span class=\"_ _24\"></span>dei <span class=\"_ _23\"></span>movimenti <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>pa<span class=\"_ _2\"></span>trimonio <span class=\"_ _23\"></span>netto, <span class=\"_ _23\"></span>dal <span class=\"_ _23\"></span>r<span class=\"_ _2\"></span>endiconto <span class=\"_ _23\"></span>fina<span class=\"_ _2\"></span>nziario <span class=\"_ _23\"></span>e <span class=\"_ _23\"></span>da<span class=\"_ _2\"></span>lle <span class=\"_ _23\"></span>note esplicative <span class=\"_ _2\"></span>ed <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _2\"></span>corredato <span class=\"_ _2\"></span>dalla<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>relazione <span class=\"_ _2\"></span>sull\u2019andamento <span class=\"_ _2\"></span>della <span class=\"_ _29\"></span>gestione.<span class=\"_ _2\"></span><span class=\"ff3\"> <span class=\"_ _2\"></span>Gli <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>chemi <span class=\"_ _2\"></span>contabili <span class=\"_ _2\"></span>sono </span>stati redatti in <span class=\"_ _1\"></span>unit\u00e0 di <span class=\"_ _23\"></span>euro, senza cifre d<span class=\"_ _23\"></span>ec<span class=\"_ _2\"></span>imali, ad <span class=\"_ _23\"></span>eccezione del rendiconto f<span class=\"_ _23\"></span>ina<span class=\"_ _2\"></span>nziario redatto i<span class=\"_ _23\"></span>n migliaia di euro. I principi <span class=\"_ _1\"></span>contabili e i <span class=\"_ _23\"></span>criteri di calcolo <span class=\"_ _1\"></span>utilizzati per <span class=\"_ _1\"></span>la redazione <span class=\"_ _23\"></span>del<span class=\"_ _2\"></span> pre<span class=\"_ _1\"></span>sente resoconto di gestion<span class=\"_ _1\"></span>e consolidato <span class=\"_ _19\"> </span>non <span class=\"_ _19\"> </span>sono <span class=\"_ _19\"> </span>s<span class=\"_ _2\"></span>tati <span class=\"_ _19\"> </span>modificati <span class=\"_ _19\"> </span>rispetto <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>quelli <span class=\"_ _19\"> </span>utilizzati <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>la  re<span class=\"_ _23\"></span>dazi<span class=\"_ _2\"></span>one <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>bilancio consolidato <span class=\"_ _23\"></span>chiuso <span class=\"_ _23\"></span>al <span class=\"_ _23\"></span>31 <span class=\"_ _23\"></span>dicembre <span class=\"_ _23\"></span>202<span class=\"_ _2\"></span>4<span class=\"ff7\">, <span class=\"_ _23\"></span>ad <span class=\"_ _23\"></span>eccezione <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>quelli <span class=\"_ _23\"></span>adottati <span class=\"_ _23\"></span>a <span class=\"_ _23\"></span>pa<span class=\"_ _2\"></span>rtire <span class=\"_ _24\"></span>dall\u20191 <span class=\"_ _1\"></span>gennaio <span class=\"_ _23\"></span>202<span class=\"ff3\">5<span class=\"ls8\">, </span></span></span>descritti nel relativo paragrafo, la cui applicazione non ha comportato effetti significativi. Ai <span class=\"_ _2\"></span>fini compa<span class=\"_ _2\"></span>rativi s<span class=\"_ _2\"></span>ono stati <span class=\"_ _2\"></span>utilizzati <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>dati <span class=\"_ _2\"></span>di conto <span class=\"_ _2\"></span>economico <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>prospetto di <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span>economico complessivo  ed  il  rendiconto  finanziario  consolidati  dell\u2019<span class=\"_ _1\"></span>esercizio  202<span class=\"ff3\">4  ed  il  prospetto  della </span>situazione patrimoniale <span class=\"ff7\">\u2013</span> finanziaria consolidata al 31 dicembre 202<span class=\"_ _2\"></span>4. Nel corso <span class=\"_ _23\"></span>dell\u2019esercizio non <span class=\"_ _23\"></span>si sono <span class=\"_ _1\"></span>verificati <span class=\"_ _23\"></span>ca<span class=\"_ _2\"></span>si <span class=\"_ _1\"></span>eccezionali che <span class=\"_ _23\"></span>abbiano reso <span class=\"_ _23\"></span>necessario il <span class=\"_ _23\"></span>ricors<span class=\"_ _2\"></span>o alle deroghe di cui allo IAS 1. La<span class=\"ls0\"> <span class=\"_ _2\"></span>redazione <span class=\"_ _2\"></span>del bilancio <span class=\"_ _2\"></span>consolidato <span class=\"_ _2\"></span><span class=\"lsa\">al</span> <span class=\"lsd\">31<span class=\"_ _2\"></span></span> <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></span><span class=\"ls8\">202</span>5 richiede <span class=\"_ _2\"></span><span class=\"ls8\">la</span> <span class=\"_ _2\"></span>formulazione <span class=\"_ _2\"></span>di valutazioni, </span>stime <span class=\"_ _1\"></span><span class=\"lse\">ed<span class=\"ls0\"> <span class=\"_ _23\"></span>ipotesi che <span class=\"_ _23\"></span>influenzano <span class=\"ff7\">l\u2019applicazione</span> <span class=\"_ _23\"></span>dei p<span class=\"_ _1\"></span>rincipi <span class=\"_ _23\"></span>contabili<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>e gli <span class=\"_ _23\"></span>importi <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0, <span class=\"_ _1\"></span>delle </span></span>passivit\u00e0, <span class=\"_ _27\"></span>dei <span class=\"_ _27\"></span>costi <span class=\"_ _27\"></span>e <span class=\"_ _27\"></span>dei <span class=\"_ _27\"></span>ricavi <span class=\"_ _27\"></span>rilevati <span class=\"_ _27\"></span><span class=\"ls8\">in</span> <span class=\"_ _27\"></span>bilancio. <span class=\"_ _2a\"></span>T<span class=\"_ _2\"></span>ali <span class=\"_ _27\"></span>stime <span class=\"_ _27\"></span>e <span class=\"_ _27\"></span><span class=\"ls8\">le</span> <span class=\"_ _2a\"></span>rela<span class=\"_ _2\"></span>tive <span class=\"_ _27\"></span>ipotesi <span class=\"_ _27\"></span><span class=\"ls3\">si</span> <span class=\"_ _27\"></span>basano <span class=\"_ _2a\"></span>sulle es<span class=\"ls0\">perienze <span class=\"_ _29\"></span>pregresse<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span><span class=\"ls3\">su</span> <span class=\"_ _29\"></span>altri <span class=\"_ _29\"></span>fattori <span class=\"_ _28\"></span>considerati <span class=\"_ _28\"></span>ragionevoli <span class=\"_ _28\"></span>nella <span class=\"_ _28\"></span>fattispecie. <span class=\"_ _29\"></span>Tuttavia<span class=\"_ _2\"></span> <span class=\"_ _29\"></span><span class=\"lsd\">va<span class=\"_ _2\"></span></span> <span class=\"_ _29\"></span>rileva<span class=\"_ _2\"></span>to </span>che, <span class=\"_ _22\"> </span>trattandosi <span class=\"_ _25\"> </span>di <span class=\"_ _22\"> </span>stime, <span class=\"_ _22\"> </span>non <span class=\"_ _25\"> </span>necessariamente <span class=\"_ _22\"> </span>i <span class=\"_ _25\"> </span>risultati <span class=\"_ _22\"> </span>ottenuti <span class=\"_ _22\"> </span>saranno <span class=\"_ _25\"> </span>gli <span class=\"_ _22\"> </span>stessi <span class=\"_ _22\"> </span>risultati <span class=\"_ _25\"> </span><span class=\"ls9\">qui</span> rappresentati.  <span class=\"ls11\">Le</span> <span class=\"_ _19\"> </span>stime <span class=\"_ _19\"> </span>sono <span class=\"_ _19\"> </span>utilizza<span class=\"_ _2\"></span>te <span class=\"_ _19\"> </span>per <span class=\"_ _12\"> </span>rilevare <span class=\"_ _19\"> </span>gli  accantonamenti <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>i  rischi <span class=\"_ _19\"> </span><span class=\"ls24\">su</span> <span class=\"_ _12\"> </span>crediti, valutazioni <span class=\"_ _25\"> </span>a <span class=\"_ _25\"> </span><span class=\"ffb\">fair <span class=\"_ _22\"> </span>value <span class=\"_ _25\"> </span></span><span class=\"lsf\">di<span class=\"_ _2\"></span></span> <span class=\"_ _22\"> </span>strumenti <span class=\"_ _25\"> </span>finanziari, <span class=\"_ _25\"> </span>test <span class=\"_ _22\"> </span>di <span class=\"_ _25\"> </span><span class=\"ffb\">impairment</span>, <span class=\"_ _25\"> </span><span class=\"ffb\">leasing</span>, <span class=\"_ _25\"> </span>benefici <span class=\"_ _22\"> </span>a <span class=\"_ _25\"> </span>dipendenti <span class=\"_ _22\"> </span>e imposte. Il<span class=\"ls0\"> <span class=\"_ _2\"></span>bilancio <span class=\"_ _2\"></span><span class=\"ff7\">d\u2019esercizio</span> <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span><span class=\"ls8\">il</span> bilanci<span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>consolidato sono <span class=\"_ _2\"></span>stati <span class=\"_ _2\"></span>redatti <span class=\"_ _2\"></span><span class=\"ls8\">in</span> <span class=\"_ _2\"></span>conformit\u00e0 <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>disposizioni <span class=\"_ _2\"></span>del </span>Regolamento <span class=\"_ _2\"></span>Delegato <span class=\"_ _29\"></span>(UE) <span class=\"_ _2\"></span>2019/815 <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>Commissione <span class=\"_ _2\"></span>Europea <span class=\"_ _2\"></span><span class=\"ls8\">in</span> <span class=\"_ _29\"></span>materia <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>norme <span class=\"_ _29\"></span>tecniche di <span class=\"_ _27\"></span>regolamentazione <span class=\"_ _27\"></span>relative <span class=\"_ _27\"></span>alla <span class=\"_ _27\"></span>specificazione <span class=\"_ _22\"> </span>del <span class=\"_ _2a\"></span>formato <span class=\"_ _27\"></span>elettronico <span class=\"_ _22\"> </span>unico <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>comunicazione (ESEF <span class=\"_ _2\"></span><span class=\"ff7\">\u2013</span> E<span class=\"_ _2\"></span>uropean Single <span class=\"_ _2\"></span>Electronic <span class=\"_ _2\"></span>Format) <span class=\"ff7\">\u2013</span> <span class=\"_ _2\"></span>(nel <span class=\"_ _2\"></span>seguito a<span class=\"_ _2\"></span>nche rispettivamente <span class=\"_ _2\"></span><span class=\"ff7\">\u201cRegolamento</span> Delegato\u201d<span class=\"ff3\"> e <span class=\"_ _23\"></span><span class=\"ff7\">\u201cformato<span class=\"ff3\"> </span>ESEF\u201d)<span class=\"ff3\"> <span class=\"_ _23\"></span><span class=\"lse\">e,<span class=\"ls0\"> <span class=\"ls8\">in</span> <span class=\"_ _23\"></span>particolare, <span class=\"ls8\">il</span> <span class=\"_ _23\"></span>bilancio <span class=\"ff7\">d\u2019esercizio</span> <span class=\"_ _23\"></span>e consolidato <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ono <span class=\"_ _1\"></span>redatti n<span class=\"_ _23\"></span>el </span></span></span></span></span>formato XHTML <span class=\"_ _1\"></span>e <span class=\"ls8\">il</span> bil<span class=\"_ _1\"></span>ancio con<span class=\"_ _1\"></span>solidato \u00e8 marcat<span class=\"_ _1\"></span>o <span class=\"ls8\">in</span> confor<span class=\"_ _1\"></span>mit\u00e0 agli <span class=\"_ _1\"></span>artt. 4 <span class=\"_ _23\"></span>e<span class=\"_ _2\"></span> 6 <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Regolamento Delegato <span class=\"_ _24\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>allegati <span class=\"_ _23\"></span><span class=\"ls8\">ivi<span class=\"ls0\"> <span class=\"_ _23\"></span>citati, <span class=\"_ _24\"></span>inclusa <span class=\"_ _23\"></span><span class=\"ls8\">la<span class=\"ls0\"> <span class=\"_ _24\"></span>selez<span class=\"_ _2\"></span>ione <span class=\"_ _24\"></span>e <span class=\"_ _23\"></span>applicazione <span class=\"_ _23\"></span>di <span class=\"_ _24\"></span>marcature <span class=\"_ _23\"></span>XBRL <span class=\"_ _23\"></span>secondo <span class=\"_ _23\"></span><span class=\"ls8\">le<span class=\"ls0\"> <span class=\"_ _23\"></span>regole </span></span></span></span></span></span>ivi<span class=\"ls0\"> <span class=\"_ _29\"></span>previste, <span class=\"_ _29\"></span>comprese <span class=\"_ _29\"></span></span>la<span class=\"ls0\"> <span class=\"_ _29\"></span>creazione <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span><span class=\"ff7\">l\u2019utilizzo</span> <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>elementi <span class=\"_ _29\"></span>della <span class=\"_ _29\"></span>tassonomia <span class=\"_ _28\"></span>di <span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>tensione <span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>deguati </span>nella <span class=\"_ _12\"> </span>fattispecie. <span class=\"_ _12\"> </span>Alcune <span class=\"_ _19\"> </span>informazioni<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>contenute  nelle <span class=\"_ _19\"> </span>note  esplicative <span class=\"_ _19\"> </span><span class=\"lsa\">al</span> <span class=\"_ _19\"> </span>bilanci<span class=\"_ _2\"></span>o <span class=\"_ _19\"> </span>cons<span class=\"_ _2\"></span>olidato quando <span class=\"_ _23\"></span>estratte <span class=\"_ _23\"></span>dal <span class=\"_ _23\"></span>formato <span class=\"_ _23\"></span>XHT<span class=\"_ _2\"></span>ML <span class=\"_ _23\"></span><span class=\"ls8\">in<span class=\"ls0\"> <span class=\"_ _23\"></span><span class=\"ff7\">un\u2019istanza<span class=\"ff3\"> <span class=\"_ _24\"></span>XBRL, <span class=\"_ _23\"></span>a c<span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>usa <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>taluni <span class=\"_ _23\"></span>limiti <span class=\"_ _23\"></span>tecnici <span class=\"_ _23\"></span>potrebbero </span></span></span></span>non <span class=\"_ _23\"></span>essere<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>riprodotte <span class=\"ls8\">in</span> <span class=\"_ _24\"></span>maniera identi<span class=\"_ _1\"></span>ca <span class=\"_ _1\"></span>rispetto <span class=\"_ _23\"></span>alle <span class=\"_ _23\"></span>corrispondenti informazioni <span class=\"_ _23\"></span>visualizzabili <span class=\"_ _1\"></span>nel bilancio consolidato <span class=\"ls8\">in</span> formato XHTML.   Nuovi principi contabili  Nuovi <span class=\"_ _2\"></span>principi, <span class=\"_ _2\"></span>modifiche <span class=\"_ _29\"></span>a <span class=\"_ _2\"></span>principi <span class=\"_ _2\"></span>esistenti <span class=\"_ _2\"></span><span class=\"ls46\">ed</span> <span class=\"_ _2\"></span>interpretazioni <span class=\"_ _2\"></span>efficaci <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>periodi <span class=\"_ _2\"></span>dal <span class=\"_ _29\"></span><span class=\"lsa\">1\u00b0</span> gennaio <span class=\"ls8\">2025</span> Alla <span class=\"_ _1\"></span>data <span class=\"_ _23\"></span>di riferimento <span class=\"_ _23\"></span>del <span class=\"_ _23\"></span>presente documento, <span class=\"_ _23\"></span>gli <span class=\"_ _23\"></span>organi competenti <span class=\"_ _23\"></span>dell\u2019Unione <span class=\"_ _1\"></span>Europea <span class=\"_ _1\"></span>hanno concluso <span class=\"_ _29\"></span>il <span class=\"_ _29\"></span>processo <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>omologazione <span class=\"_ _29\"></span>necessario <span class=\"_ _29\"></span>per <span class=\"_ _29\"></span>l\u2019adozione <span class=\"_ _29\"></span>degli <span class=\"_ _29\"></span>emendamenti <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>dei <span class=\"_ _29\"></span>principi sotto descritti.  \u25aa<span class=\"ff6\"> <span class=\"_ _2b\"> </span><span class=\"ff3 lsc\">In<span class=\"ls0\"> <span class=\"_ _25\"> </span>da<span class=\"_ _2\"></span>ta <span class=\"_ _25\"> </span><span class=\"ls8\">15</span> <span class=\"_ _19\"> </span>agosto <span class=\"_ _19\"> </span><span class=\"ls8\">2023</span> <span class=\"_ _22\"> </span><span class=\"ls8\">lo</span> <span class=\"_ _19\"> </span>IASB <span class=\"_ _25\"> </span>ha <span class=\"_ _19\"> </span>emanato <span class=\"_ _25\"> </span><span class=\"ls9\">un</span> <span class=\"_ _19\"> </span>emendamento <span class=\"_ _19\"> </span>allo <span class=\"_ _25\"> </span>IAS <span class=\"_ _25\"> </span><span class=\"lsd\">21<span class=\"_ _2\"></span></span> <span class=\"_ _19\"> </span><span class=\"ff7\">\u201cLack</span> <span class=\"_ _25\"> </span>of </span></span></span>Exchangeability\u201d.<span class=\"ff3\"> <span class=\"_ _29\"></span><span class=\"lsc\">Il</span> <span class=\"_ _29\"></span>documento <span class=\"_ _2\"></span>ha <span class=\"_ _29\"></span></span>l\u2019obiettivo<span class=\"ff3\"> <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>chiarire <span class=\"_ _2\"></span>quando <span class=\"_ _29\"></span>una <span class=\"_ _29\"></span>valuta <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _2\"></span>scambiabile </span>con <span class=\"_ _29\"></span><span class=\"ff7\">un\u2019altra</span> <span class=\"_ _29\"></span>valuta, <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>come <span class=\"_ _29\"></span>stimare <span class=\"_ _29\"></span><span class=\"ls8\">il</span> <span class=\"_ _29\"></span>tasso <span class=\"_ _29\"></span><span class=\"lsf\">di<span class=\"_ _2\"></span></span> <span class=\"_ _29\"></span>cambio <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>pronti <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span><span class=\"ls9\">una</span> <span class=\"_ _29\"></span>valuta <span class=\"_ _29\"></span>qualora <span class=\"_ _29\"></span><span class=\"lse\">ci</span> <span class=\"_ _29\"></span>sia un\u2019assenza<span class=\"ff3\"> di scambia<span class=\"_ _2\"></span>bilit\u00e0. <span class=\"ls11\">Le</span> modifiche sono entr<span class=\"_ _2\"></span>a<span class=\"lsb\">te</span> <span class=\"ls8\">in</span> vigore a partire dagli<span class=\"_ _2\"></span> esercizi che </span>hanno <span class=\"_ _23\"></span>inizio <span class=\"_ _23\"></span><span class=\"ls8\">il<span class=\"ls0\"> <span class=\"_ _23\"></span><span class=\"ls8\">1\u00b0<span class=\"ls0\"> <span class=\"_ _23\"></span>ge<span class=\"_ _2\"></span>nnaio <span class=\"_ _24\"></span><span class=\"ls8\">2025.<span class=\"ls0\"> <span class=\"_ _23\"></span><span class=\"lsc\">Il<span class=\"_ _2\"></span><span class=\"ls0\"> <span class=\"_ _23\"></span>documento <span class=\"_ _23\"></span>\u00e8 <span class=\"_ _23\"></span>stato <span class=\"_ _23\"></span>omologato <span class=\"_ _23\"></span>per <span class=\"ff7\">l<span class=\"_ _23\"></span>\u2019adozi<span class=\"_ _2\"></span>one<span class=\"ff3\"> <span class=\"_ _24\"></span><span class=\"ff7\">nell\u2019Unione<span class=\"ff3\"> </span></span></span></span></span></span></span></span></span></span></span></span>Europea <span class=\"lse\">ed</span> \u00e8 entrato <span class=\"ls8\">in</span> vigore a partire dal <span class=\"ls8\">1\u00b0</span> gennaio <span class=\"ls8\">2025.</span> L\u2019adozione di tale emendamento non ha comportato effetti significativi diretti su TIP. <span class=\"ff3\"> </span>Nuovi <span class=\"_ _26\"> </span>principi, <span class=\"_ _48\"> </span>modifiche <span class=\"_ _48\"> </span>a <span class=\"_ _26\"> </span>principi <span class=\"_ _48\"> </span>esistenti <span class=\"_ _48\"> </span><span class=\"ls8\">ed</span> <span class=\"_ _26\"> </span>interpretazioni <span class=\"_ _48\"> </span>efficaci <span class=\"_ _48\"> </span>per <span class=\"_ _26\"> </span>periodi successivi <span class=\"ls8\">al</span> <span class=\"lsa\">1\u00b0</span> gennaio <span class=\"ls8\">2026</span> e non ancora adottati dal gruppo \u25aa<span class=\"ff6\"> <span class=\"_ _2b\"> </span><span class=\"ff3 lsc\">In<span class=\"ls0\"> <span class=\"_ _27\"></span>data <span class=\"_ _27\"></span><span class=\"ls8\">30</span> <span class=\"_ _22\"> </span>maggio <span class=\"_ _27\"></span><span class=\"ls8\">2024</span> <span class=\"_ _27\"></span><span class=\"ls46\">lo</span> <span class=\"_ _27\"></span>IASB <span class=\"_ _27\"></span>ha <span class=\"_ _22\"> </span>pubblicato <span class=\"_ _27\"></span><span class=\"ls9\">un</span> <span class=\"_ _27\"></span>emenda<span class=\"_ _2\"></span>mento <span class=\"_ _27\"></span><span class=\"ff7\">all\u2019IFRS</span> <span class=\"_ _27\"></span>9 <span class=\"_ _22\"> </span><span class=\"ff7\">\u201cFinancial</span> </span></span></span>Instruments\u201d<span class=\"ff3\"> <span class=\"_ _19\"> </span>e<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span></span>all\u2019IFRS<span class=\"_ _2\"></span><span class=\"ff3\"> <span class=\"_ _19\"> </span>7 <span class=\"_ _19\"> </span></span>\u201cFina<span class=\"_ _2\"></span>ncial<span class=\"ff3\">  I<span class=\"_ _1\"></span>nstruments: <span class=\"_ _19\"> </span><span class=\"ff7\">Disclosures\u201d.</span>  <span class=\"ls11\">Lo</span> <span class=\"_ _19\"> </span>stesso: <span class=\"_ _19\"> </span>- <span class=\"_ _19\"> </span>fornisce<span class=\"_ _2\"></span> </span>chiarimenti <span class=\"_ _22\"> </span><span class=\"ls3\">su</span> <span class=\"_ _22\"> </span>come <span class=\"_ _27\"></span>a<span class=\"_ _2\"></span>pplicare <span class=\"_ _22\"> </span>l'SPPI <span class=\"_ _27\"></span>tes<span class=\"_ _2\"></span>t <span class=\"_ _22\"> </span>alle <span class=\"_ _22\"> </span>attivit\u00e0 <span class=\"_ _22\"> </span>finanziarie <span class=\"_ _22\"> </span>i <span class=\"_ _22\"> </span>cui <span class=\"_ _22\"> </span>flussi <span class=\"_ _22\"> </span>contrattuali possono <span class=\"_ _18\"> </span>variare <span class=\"_ _2c\"> </span><span class=\"ls8\">in</span> <span class=\"_ _18\"> </span>base <span class=\"_ _8\"> </span><span class=\"lsa\">ad</span> <span class=\"_ _18\"> </span><span class=\"ls9\">un</span> <span class=\"_ _2c\"> </span>evento <span class=\"_ _18\"> </span>potenziale <span class=\"_ _18\"> </span>(es. <span class=\"_ _2c\"> </span>obiettivi <span class=\"_ _2c\"> </span>ESG); <span class=\"_ _18\"> </span>- <span class=\"_ _2c\"> </span>disciplina l\u2019eliminazione<span class=\"ff3\"> <span class=\"_ _2\"></span>contabile delle <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _2\"></span>finanziarie regolate <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>disponibilit\u00e0 <span class=\"_ _2\"></span>liquide tramite </span>un<span class=\"ls0\"> <span class=\"_ _2c\"> </span>sistema <span class=\"_ _2c\"> </span>di <span class=\"_ _2c\"> </span>pagamento <span class=\"_ _2c\"> </span>elettronico; <span class=\"_ _2c\"> </span>- <span class=\"_ _2c\"> </span>impone <span class=\"_ _2c\"> </span>nuovi <span class=\"_ _2c\"> </span>obblighi <span class=\"_ _2c\"> </span>informativi <span class=\"_ _2c\"> </span>per <span class=\"_ _2c\"> </span>gli </span>investimenti <span class=\"ls8\">in</span> <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>trumenti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span><span class=\"ffb\">equity<span class=\"ff3\"> valutati <span class=\"_ _23\"></span>a FVTOCI <span class=\"_ _1\"></span>e <span class=\"ls8\">le</span> <span class=\"_ _23\"></span>attivit\u00e0 e <span class=\"_ _1\"></span>passivit\u00e0 finanziarie non </span></span>valutate <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>FVTPL <span class=\"_ _25\"> </span>con<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>flussi <span class=\"_ _25\"> </span>contrattuali<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>che <span class=\"_ _25\"> </span>va<span class=\"_ _2\"></span>riano <span class=\"_ _19\"> </span><span class=\"ls8\">in</span> <span class=\"_ _19\"> </span>ba<span class=\"_ _1\"></span>se <span class=\"_ _19\"> </span><span class=\"lsa\">ad</span> <span class=\"_ _25\"> </span>eventi <span class=\"_ _19\"> </span>potenziali. <span class=\"_ _19\"> </span><span class=\"ls11\">Le</span> modifiche <span class=\"_ _23\"></span>entrano<span class=\"_ _2\"></span> <span class=\"_ _23\"></span><span class=\"ls8\">in<span class=\"ls0\"> vigo<span class=\"_ _1\"></span>re <span class=\"_ _23\"></span>per gli <span class=\"_ _23\"></span>esercizi <span class=\"_ _1\"></span>che <span class=\"_ _23\"></span>iniziano <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span><span class=\"ls8\">1\u00b0<span class=\"ls0\"> <span class=\"_ _23\"></span>gennaio <span class=\"ls8\">2026</span> <span class=\"_ _24\"></span><span class=\"lse\">ed<span class=\"ls0\"> <span class=\"_ _23\"></span>\u00e8<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>consentita </span></span></span></span></span></span>l'applicazione <span class=\"_ _1\"></span>anticipata <span class=\"_ _23\"></span><span class=\"ls10\">di<span class=\"ls0\"> <span class=\"_ _23\"></span>tutte <span class=\"_ _1\"></span><span class=\"ls2e\">le<span class=\"ls0\"> <span class=\"_ _23\"></span>modifiche o <span class=\"_ _23\"></span>solo <span class=\"_ _23\"></span>delle mo<span class=\"_ _1\"></span>difiche <span class=\"_ _23\"></span>relative <span class=\"_ _1\"></span>alla <span class=\"_ _23\"></span>valutazione </span></span></span></span>delle <span class=\"_ _19\"> </span>caratteristiche <span class=\"_ _25\"> </span>dei <span class=\"_ _19\"> </span>flussi <span class=\"_ _19\"> </span>finanziari <span class=\"_ _25\"> </span>contrattuali <span class=\"_ _19\"> </span>('SPPI <span class=\"_ _25\"> </span>test'). <span class=\"_ _19\"> </span><span class=\"lsc\">Il</span> <span class=\"_ _19\"> </span>documento <span class=\"_ _25\"> </span>\u00e8 <span class=\"_ _19\"> </span>stato omologato per <span class=\"_ _23\"></span><span class=\"ff7\">l\u2019adozione<span class=\"ff3\"> <span class=\"_ _1\"></span><span class=\"ff7\">nell\u2019Unione<span class=\"ff3\"> Europea<span class=\"_ _1\"></span> <span class=\"lse\">ed<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _23\"></span>entrer\u00e0 <span class=\"ls8\">in</span> <span class=\"_ _23\"></span>vigore a <span class=\"_ _23\"></span>pa<span class=\"_ _2\"></span>rtire <span class=\"_ _1\"></span>dal <span class=\"_ _23\"></span><span class=\"ls8\">1\u00b0<span class=\"ls0\"> gennaio </span></span></span></span></span></span></span></span>2026.<span class=\"ls0\">  </span>\u25aa<span class=\"ff6\"> <span class=\"_ _2b\"> </span><span class=\"ff3 lsc\">In<span class=\"ls0\"> <span class=\"_ _29\"></span>da<span class=\"_ _2\"></span>ta <span class=\"_ _29\"></span><span class=\"ls8\">18</span> <span class=\"_ _28\"></span>dicembre <span class=\"_ _28\"></span><span class=\"ls8\">2024</span> <span class=\"_ _28\"></span><span class=\"ls8\">lo</span> <span class=\"_ _29\"></span>IASB<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>ha<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>pubblica<span class=\"_ _2\"></span>to <span class=\"_ _29\"></span><span class=\"ls47\">un</span> <span class=\"_ _29\"></span>eme<span class=\"_ _2\"></span>ndamento <span class=\"_ _28\"></span><span class=\"ff7\">all\u2019IFRS</span> <span class=\"_ _29\"></span>9<span class=\"_ _2\"></span> <span class=\"_ _29\"></span><span class=\"ff7\">\u201cFinancia<span class=\"_ _2\"></span>l</span> </span></span></span>Instruments\u201d<span class=\"ff3\"> <span class=\"_ _8\"> </span>e <span class=\"_ _8\"> </span></span>a<span class=\"_ _2\"></span>ll\u2019IFRS<span class=\"ff3\"> <span class=\"_ _8\"> </span>7 <span class=\"_ _8\"> </span></span>\u201cFinancial<span class=\"ff3\"> <span class=\"_ _2c\"> </span>Instruments: <span class=\"_ _8\"> </span></span>Disclosures\u201d.<span class=\"ff3\"> <span class=\"_ _8\"> </span><span class=\"ls11\">Lo</span> <span class=\"_ _8\"> </span>s<span class=\"_ _2\"></span>tesso <span class=\"_ _8\"> </span>fornisce </span>chiarimenti <span class=\"_ _2\"></span><span class=\"ls8\">in</span> <span class=\"_ _29\"></span>merito <span class=\"lsa\">ai</span> <span class=\"_ _2\"></span>contratti <span class=\"_ _2\"></span>collegati <span class=\"_ _2\"></span><span class=\"ff7\">a<span class=\"_ _2\"></span>ll\u2019energia</span> <span class=\"_ _2\"></span>elettrica <span class=\"_ _2\"></span>dipendente <span class=\"_ _2\"></span>dalla <span class=\"_ _2\"></span>natur<span class=\"lsa\">a,</span> <span class=\"_ _2\"></span>cos\u00ec da <span class=\"_ _23\"></span>consentire <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span>lle <span class=\"_ _24\"></span>entit\u00e0 <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>rappresentare <span class=\"_ _23\"></span><span class=\"ls8\">in<span class=\"ls0\"> <span class=\"_ _23\"></span>modo <span class=\"_ _23\"></span>pi\u00f9 <span class=\"_ _24\"></span>adeguato, <span class=\"_ _23\"></span>nei <span class=\"_ _23\"></span>propri <span class=\"_ _23\"></span>bilanci, <span class=\"_ _24\"></span>i <span class=\"_ _23\"></span>contratti </span></span>collegati <span class=\"ff7\">all\u2019energia</span> elettrica dipendente dalla natura, attraverso: o<span class=\"ff6\"> <span class=\"_ _51\"> </span><span class=\"ff7\">l\u2019applicazione,<span class=\"ff3\"> a certe condizioni, </span>dell\u2019\u2019<span class=\"_ _2\"></span><span class=\"ffb\">own use exemptio<span class=\"_ _1\"></span>n<span class=\"ff7 ls8\">\u2019;</span><span class=\"ff3\"> </span></span></span></span>o<span class=\"ff6\"> <span class=\"_ _51\"> </span><span class=\"ff3 ls8\">la<span class=\"ls0\"> possibilit\u00e0 di applicare <span class=\"ff7 lsd\">l\u2019</span><span class=\"ffb\">hedge accountin<span class=\"_ _2\"></span>g</span>; </span></span></span>o<span class=\"ff6\"> <span class=\"_ _51\"> </span><span class=\"ff7\">l\u2019introduzione<span class=\"ff3\"> <span class=\"_ _22\"> </span>di <span class=\"_ _25\"> </span>nuovi <span class=\"_ _22\"> </span>obblighi <span class=\"_ _25\"> </span>informativi <span class=\"_ _22\"> </span>volti <span class=\"_ _25\"> </span>a <span class=\"_ _22\"> </span>consentire<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>agli <span class=\"_ _22\"> </span>investitori <span class=\"_ _22\"> </span>di<span class=\"_ _2\"></span> </span></span></span>comprendere <span class=\"_ _27\"></span><span class=\"ff7\">l\u2019impatto</span> <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>tali <span class=\"_ _27\"></span>contratti <span class=\"_ _27\"></span>sulla <span class=\"_ _22\"> </span><span class=\"ffb\">performance <span class=\"_ _27\"> </span></span>economica<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _27\"></span>sui <span class=\"_ _27\"></span>flussi <span class=\"_ _27\"></span>di cassa <span class=\"ff7\">dell\u2019entit\u00e0.</span> Il<span class=\"ls0\"> <span class=\"_ _22\"> </span>documento <span class=\"_ _22\"> </span>\u00e8 <span class=\"_ _22\"> </span>stato <span class=\"_ _22\"> </span>omologato <span class=\"_ _22\"> </span>per <span class=\"_ _22\"> </span><span class=\"ff7\">l\u2019adozi<span class=\"_ _2\"></span>one</span> <span class=\"_ _22\"> </span><span class=\"ff7\">nell\u2019Unione</span> <span class=\"_ _22\"> </span>Europea <span class=\"_ _22\"> </span>e <span class=\"_ _22\"> </span><span class=\"ff7\">l\u2019applicazione</span> <span class=\"_ _22\"> </span>\u00e8 </span>prevista <span class=\"_ _12\"> </span>per <span class=\"_ _19\"> </span>i<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>bilanci<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>degli  esercizi <span class=\"_ _19\"> </span>che  iniz<span class=\"_ _1\"></span>iano <span class=\"_ _19\"> </span>dal  <span class=\"ls8\">1\u00b0</span> <span class=\"_ _19\"> </span>gennaio  20<span class=\"_ _1\"></span>26 <span class=\"_ _19\"> </span><span class=\"lse\">ed</span> <span class=\"_ _19\"> </span>\u00e8  consentita l\u2019applicazione<span class=\"ff3\"> <span class=\"_ _29\"></span>anticipata, <span class=\"_ _2\"></span>inoltre <span class=\"_ _29\"></span><span class=\"ls8\">le</span> <span class=\"_ _29\"></span>disposizioni <span class=\"_ _29\"></span>transitorie <span class=\"_ _2\"></span>stabiliscono<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>che <span class=\"_ _29\"></span>per <span class=\"_ _2\"></span></span>l\u2019e<span class=\"_ _2\"></span>senzione<span class=\"ff3\"> </span>own-use<span class=\"ff3\">, <span class=\"_ _24\"></span><span class=\"ff7\">l\u2019a<span class=\"_ _2\"></span>pplicazione<span class=\"ff3\"> <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _23\"></span>retrospettiva, <span class=\"_ _24\"></span>basata <span class=\"_ _23\"></span>sui <span class=\"_ _23\"></span>fatti <span class=\"_ _24\"></span>esistenti <span class=\"_ _23\"></span>alla <span class=\"_ _24\"></span>data <span class=\"_ _23\"></span>di <span class=\"_ _24\"></span>prima <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span>pplicazione, </span></span></span>che <span class=\"_ _29\"></span>pu\u00f2 <span class=\"_ _29\"></span>non <span class=\"_ _28\"></span>coincidere <span class=\"_ _29\"></span>con <span class=\"_ _29\"></span><span class=\"ff7\">l\u2019inizio<span class=\"_ _2\"></span></span> <span class=\"_ _29\"></span><span class=\"ff7\">dell\u2019esercizio.</span> <span class=\"_ _29\"></span>Non <span class=\"_ _29\"></span>\u00e8<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>richiesta <span class=\"_ _28\"></span><span class=\"ls8\">la</span> <span class=\"_ _29\"></span>rideterminazione <span class=\"_ _29\"></span>dei periodi comparativi, salvo sia possibile senza usare informazioni successive. Per <span class=\"_ _22\"> </span><span class=\"ff7 ls8\">l\u2019</span><span class=\"ffb\">hedge <span class=\"_ _25\"> </span>accounting</span>, <span class=\"_ _25\"> </span><span class=\"ls8\">le</span> <span class=\"_ _25\"> </span>nuove <span class=\"_ _25\"> </span>regole <span class=\"_ _25\"> </span><span class=\"ls3\">si</span> <span class=\"_ _25\"> </span>applicano <span class=\"_ _25\"> </span>solo <span class=\"_ _25\"> </span><span class=\"ls8\">in</span> <span class=\"_ _22\"> </span>modo <span class=\"_ _25\"> </span>prospettico <span class=\"_ _25\"> </span>alle<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>nuove<span class=\"_ _2\"></span> relazioni <span class=\"_ _2a\"></span>di <span class=\"_ _28\"></span>copertura. <span class=\"_ _2a\"></span>\u00c8 <span class=\"_ _28\"></span>possibile <span class=\"_ _2a\"></span>interrompere <span class=\"_ _2a\"></span>relazioni <span class=\"_ _2a\"></span>esistenti <span class=\"_ _28\"></span><span class=\"ls3\">se</span> <span class=\"_ _2a\"></span><span class=\"ls8\">lo</span> <span class=\"_ _28\"></span>stesso <span class=\"_ _28\"></span>strumento viene designato <span class=\"ls8\">in</span> una nuova copertura. \u25aa<span class=\"ff6 fs1\"> <span class=\"_ _2b\"> </span></span><span class=\"ff3 ls48\">Lo<span class=\"ls0\"> <span class=\"_ _29\"></span>IASB <span class=\"_ _28\"></span><span class=\"ls1c\">ha</span> <span class=\"_ _28\"></span>pubblicato <span class=\"_ _29\"></span><span class=\"ls2e\">in</span> <span class=\"_ _29\"></span>data <span class=\"_ _28\"></span>9 <span class=\"_ _29\"></span>aprile <span class=\"_ _28\"></span>2024 <span class=\"_ _29\"></span><span class=\"ls49\">un</span> <span class=\"_ _28\"></span>emendamento <span class=\"_ _29\"></span><span class=\"ff7\">all\u2019IFRS</span> <span class=\"_ _29\"></span><span class=\"ls2b\">18</span> <span class=\"_ _28\"></span><span class=\"ff7\">\u201cPresentation</span> </span></span>and <span class=\"_ _19\"> </span>Disclosure <span class=\"_ _19\"> </span><span class=\"ls8\">in</span> <span class=\"_ _25\"> </span>Financial <span class=\"_ _19\"> </span><span class=\"ff7\">Statement<span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>\u201d,<span class=\"ff3\"> <span class=\"_ _19\"> </span>allo <span class=\"_ _25\"> </span>scopo <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>fornire <span class=\"_ _19\"> </span><span class=\"ls9\">una</span> <span class=\"_ _19\"> </span>nuova <span class=\"_ _25\"> </span>modalit\u00e0 <span class=\"_ _19\"> </span>di </span></span>presentazione <span class=\"_ _29\"></span>dei <span class=\"_ _28\"></span>risultati <span class=\"_ _29\"></span>economici. <span class=\"_ _29\"></span>Inoltre, <span class=\"_ _29\"></span>esso<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>introduce <span class=\"_ _29\"></span>anche <span class=\"_ _29\"></span><span class=\"ff7\">l\u2019obbl<span class=\"_ _2\"></span>igo</span> <span class=\"_ _2\"></span>di <span class=\"_ _28\"></span>fornire <span class=\"_ _29\"></span><span class=\"ls8\">in</span> bilancio <span class=\"_ _8\"> </span>alc<span class=\"_ _2\"></span>uni <span class=\"_ _8\"> </span>indici <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>mis<span class=\"_ _2\"></span>urazione <span class=\"_ _8\"> </span>della<span class=\"_ _2\"></span> <span class=\"_ _8\"> </span>performance <span class=\"_ _8\"> </span><span class=\"ff7\">(\u201cmanagement</span> <span class=\"_ _8\"> </span>performance measures\u201d<span class=\"ff3\"> o </span>\u201cMPM\u201d).<span class=\"ff3\"> </span>L\u2019applica<span class=\"_ _2\"></span>zione<span class=\"ff3\"> sar\u00e0 retroattiva a partire dai<span class=\"_ _2\"></span> bilanci degli es<span class=\"_ _2\"></span>ercizi che </span>iniziano dal <span class=\"lsd\">1\u00b0<span class=\"_ _2\"></span></span> gennaio 2027 <span class=\"lse\">ed</span> \u00e8 consentita l'applicazione anticipata. <span class=\"lsc\">Il</span> documento \u00e8 stato omologato per <span class=\"_ _23\"></span><span class=\"ff7\">l\u2019adozione<span class=\"ff3\"> <span class=\"_ _1\"></span><span class=\"ff7\">nell\u2019Unione<span class=\"ff3\"> Europea<span class=\"_ _1\"></span> <span class=\"lse\">ed<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _23\"></span>entrer\u00e0 <span class=\"ls8\">in</span> <span class=\"_ _23\"></span>vigore a <span class=\"_ _23\"></span>pa<span class=\"_ _2\"></span>rtire <span class=\"_ _1\"></span>dal <span class=\"_ _23\"></span><span class=\"ls8\">1\u00b0<span class=\"ls0\"> gennaio </span></span></span></span></span></span></span></span>202<span class=\"ls0\">7.  </span>\u25aa<span class=\"ff6\"> <span class=\"_ _2b\"> </span><span class=\"ff3 lsc\">In<span class=\"ls0\"> <span class=\"_ _19\"> </span>data <span class=\"_ _19\"> </span>9<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>maggio <span class=\"_ _19\"> </span><span class=\"ls8\">2024</span> <span class=\"_ _12\"> </span><span class=\"lsd\">lo</span> <span class=\"_ _19\"> </span>IASB<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>ha <span class=\"_ _19\"> </span>pubblica<span class=\"_ _2\"></span>to <span class=\"_ _19\"> </span>IFRS <span class=\"_ _19\"> </span><span class=\"ls8\">19</span> <span class=\"_ _19\"> </span><span class=\"ff7\">\u201cSubsidiaries</span> <span class=\"_ _19\"> </span>without <span class=\"_ _19\"> </span>Public </span></span></span>Accountability: <span class=\"ff7\">Disclosures\u201d,</span> <span class=\"_ _23\"></span>allo<span class=\"_ _2\"></span> scopo<span class=\"_ _1\"></span> di <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>emplificare <span class=\"ls8\">la</span> <span class=\"_ _23\"></span>redazione del bilancio <span class=\"_ _23\"></span>riduce<span class=\"_ _2\"></span>ndo le<span class=\"ls0\"> informazioni integrative <span class=\"_ _1\"></span>da fornire <span class=\"_ _1\"></span>nelle note. <span class=\"ff7\">L\u2019applicazione</span> <span class=\"_ _1\"></span>avverr\u00e0 a partire <span class=\"_ _23\"></span>da<span class=\"_ _2\"></span>i bilanci </span>degli <span class=\"_ _23\"></span>esercizi<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>che<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>iniziano <span class=\"_ _23\"></span>dal <span class=\"_ _23\"></span><span class=\"ls8\">1\u00b0<span class=\"ls0\"> <span class=\"_ _23\"></span>ge<span class=\"_ _2\"></span>nnaio <span class=\"_ _23\"></span><span class=\"ls8\">2027<span class=\"ls0\"> <span class=\"_ _23\"></span><span class=\"lse\">ed<span class=\"ls0\"> <span class=\"_ _23\"></span>\u00e8 <span class=\"_ _23\"></span>consentita <span class=\"_ _23\"></span>l'applic<span class=\"_ _2\"></span>azione <span class=\"_ _23\"></span>anticipata. <span class=\"_ _23\"></span>Non </span></span></span></span></span></span>\u00e8 <span class=\"_ _2\"></span>ancora <span class=\"_ _29\"></span>stato <span class=\"_ _2\"></span>deciso <span class=\"_ _2\"></span><span class=\"ls3\">se</span> <span class=\"_ _2\"></span><span class=\"ls8\">il</span> <span class=\"_ _2\"></span>nuovo <span class=\"_ _29\"></span>standard <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>ar\u00e0 <span class=\"_ _2\"></span>omologato <span class=\"_ _2\"></span>dall'<span class=\"_ _2\"></span>Unione <span class=\"_ _2\"></span>Europea <span class=\"_ _2\"></span><span class=\"ls8\">in</span> <span class=\"_ _2\"></span>quanto applicabile <span class=\"_ _2a\"></span>alle <span class=\"_ _2a\"></span>sole<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>entit\u00e0 <span class=\"_ _2a\"></span>senza<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>'public<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>accountability' <span class=\"_ _2a\"></span>che <span class=\"_ _2a\"></span>hanno <span class=\"_ _2a\"></span>sede<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>nei <span class=\"_ _28\"></span>paesi<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>cui <span class=\"_ _2a\"></span>\u00e8 stata<span class=\"ff1 fs0\"> <span class=\"_ _28\"></span></span>concessa <span class=\"_ _2a\"></span><span class=\"ls8\">la</span> <span class=\"_ _2a\"></span>facolt\u00e0 <span class=\"_ _2a\"></span><span class=\"lsf\">di<span class=\"_ _2\"></span></span> <span class=\"_ _2a\"></span>applicare <span class=\"_ _2a\"></span>gli <span class=\"_ _2a\"></span>IFRS <span class=\"_ _2a\"></span>per <span class=\"_ _2a\"></span><span class=\"ls8\">la</span> <span class=\"_ _2a\"></span>redazione <span class=\"_ _2a\"></span>del <span class=\"_ _27\"></span>bilancio <span class=\"_ _28\"></span>consolidato <span class=\"_ _2a\"></span>e separato. \u25aa<span class=\"ff6\"> <span class=\"_ _2b\"> </span><span class=\"ff3\">Nel <span class=\"_ _23\"></span>mes<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _23\"></span>luglio<span class=\"_ _2\"></span> <span class=\"_ _23\"></span><span class=\"ls8\">2024<span class=\"ls0\"> </span>lo<span class=\"ls0\"> <span class=\"_ _24\"></span>IASB ha <span class=\"_ _23\"></span>pubblicato <span class=\"ff7\">l\u2019\u201cAnnual</span> <span class=\"_ _23\"></span>Improvements <span class=\"_ _1\"></span><span class=\"ff7\">\u2013<span class=\"ff3\"> <span class=\"_ _23\"></span>Volume<span class=\"_ _2\"></span> <span class=\"_ _23\"></span><span class=\"ff7 ls8\">11\u201d<span class=\"ff3 ls0\"> che </span></span></span></span></span></span></span></span>introduce <span class=\"_ _29\"></span>modifiche <span class=\"_ _29\"></span>minori <span class=\"_ _28\"></span>a <span class=\"_ _29\"></span>IAS <span class=\"_ _29\"></span>7 <span class=\"_ _29\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>agli <span class=\"_ _29\"></span>IFRS <span class=\"_ _28\"></span><span class=\"ls8\">1,</span> <span class=\"_ _29\"></span><span class=\"ls8\">7,</span> <span class=\"_ _29\"></span>9 <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span><span class=\"ls8\">10,</span> <span class=\"_ _29\"></span>volte <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>migliorare <span class=\"_ _29\"></span>chiarezza, coerenza  e  a<span class=\"_ _2\"></span>pplicazione  pratica  degli  standard.  <span class=\"ls11\">Le</span>  principali  modifiche  includono:  <span class=\"ls8\">la</span> risoluzione <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span><span class=\"ls9\">un</span> <span class=\"_ _2\"></span>conflitto tra <span class=\"_ _2\"></span>IFRS <span class=\"_ _2\"></span>9 <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>IFRS <span class=\"_ _2\"></span><span class=\"ls8\">15</span> s<span class=\"_ _2\"></span>ulla mis<span class=\"_ _2\"></span>urazione dei<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>crediti commerciali, chiarimenti s<span class=\"_ _2\"></span>ul trattamento delle passivit\u00e0 <span class=\"_ _2\"></span>per leasing, aggiornamenti <span class=\"_ _2\"></span>per <span class=\"ls8\">la</span> traspa<span class=\"_ _2\"></span>renza dei flussi <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>cass<span class=\"_ _2\"></span>a <span class=\"_ _27\"></span>e <span class=\"_ _27\"></span>semplificazioni <span class=\"_ _22\"> </span>per <span class=\"_ _27\"></span>i <span class=\"_ _27\"></span>primi <span class=\"_ _27\"></span>utilizzatori <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>IFRS <span class=\"_ _27\"></span><span class=\"ls8\">1.</span> <span class=\"_ _27\"></span><span class=\"lsc\">Il<span class=\"_ _2\"></span></span> <span class=\"_ _27\"></span>documento <span class=\"_ _27\"></span>\u00e8<span class=\"_ _2\"></span> <span class=\"_ _27\"></span>stato omologato <span class=\"_ _27\"></span>per <span class=\"_ _27\"></span><span class=\"ff7\">l\u2019adozione</span> <span class=\"_ _2a\"></span><span class=\"ff7\">nell\u2019U<span class=\"_ _2\"></span>nione</span> <span class=\"_ _27\"></span>Europea <span class=\"_ _2a\"></span>e <span class=\"_ _22\"> </span>le <span class=\"_ _27\"></span>modifiche <span class=\"_ _2a\"></span>entrano <span class=\"_ _27\"></span><span class=\"ls2e\">in</span> <span class=\"_ _27\"></span>vigore <span class=\"_ _27\"></span>per <span class=\"_ _27\"></span><span class=\"ls1d\">gli</span> esercizi che iniziano dal <span class=\"ls8\">1\u00b0</span> gennaio 2026.  \u25aa<span class=\"ff6\"> <span class=\"_ _2b\"> </span><span class=\"ff3 lsc\">Il<span class=\"ls0\"> <span class=\"_ _2a\"></span><span class=\"ls8\">13</span> <span class=\"_ _27\"></span>novembre <span class=\"_ _2a\"></span><span class=\"ls8\">2025</span> <span class=\"_ _27\"></span><span class=\"ls8\">lo</span> <span class=\"_ _2a\"></span>IASB <span class=\"_ _27\"></span>ha <span class=\"_ _2a\"></span>pubblicato <span class=\"_ _2a\"></span><span class=\"lsd\">le<span class=\"_ _2\"></span></span> <span class=\"_ _27\"></span>modifiche <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>llo <span class=\"_ _2a\"></span>IAS <span class=\"_ _27\"></span><span class=\"lsd\">21</span> <span class=\"_ _27\"></span><span class=\"ff7\">\u201cTranslation</span> <span class=\"_ _2a\"></span><span class=\"lsb\">to</span> <span class=\"_ _27\"></span>a </span></span></span>hyperinflationary presentation <span class=\"_ _23\"></span><span class=\"ff7\">currency\u201d<span class=\"_ _2\"></span>,<span class=\"ff3\"> che <span class=\"_ _23\"></span>chia<span class=\"_ _2\"></span>riscono <span class=\"_ _23\"></span><span class=\"ls8\">il<span class=\"ls0\"> trattamento <span class=\"_ _23\"></span>conta<span class=\"_ _2\"></span>bile quando <span class=\"_ _23\"></span>i </span></span></span></span>bilanci <span class=\"_ _27\"></span>sono <span class=\"_ _27\"></span>presentati <span class=\"_ _27\"></span><span class=\"ls8\">in</span> <span class=\"_ _27\"></span><span class=\"ls9\">una</span> <span class=\"_ _27\"></span>valuta <span class=\"_ _22\"> </span>di <span class=\"_ _27\"></span>presentazione <span class=\"_ _27\"></span>soggetta <span class=\"_ _2a\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _27\"></span>iperinflazion<span class=\"lse\">e,</span> <span class=\"_ _27\"></span>inclusi <span class=\"_ _27\"></span>i rapporti <span class=\"_ _1\"></span>con <span class=\"ff7\">l\u2019IAS</span> <span class=\"_ _23\"></span><span class=\"ls8\">29,<span class=\"ls0\"> <span class=\"ff7\">l\u2019or<span class=\"_ _23\"></span>dine<span class=\"_ _2\"></span><span class=\"ff3\"> <span class=\"_ _1\"></span>di <span class=\"_ _23\"></span>applic<span class=\"_ _2\"></span>azione tra<span class=\"_ _23\"></span> <span class=\"ffb\">restatement</span> e<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>traduzione <span class=\"_ _1\"></span>e i<span class=\"_ _23\"></span> relativi <span class=\"_ _1\"></span>requisiti </span></span></span></span>di <span class=\"_ _23\"></span>informativa.<span class=\"_ _2\"></span> <span class=\"_ _23\"></span><span class=\"ff7\">L\u2019omologazione<span class=\"ff3\"> </span>nell\u2019Unione<span class=\"ff3\"> <span class=\"_ _24\"></span>E<span class=\"_ _2\"></span>uropea <span class=\"_ _23\"></span>\u00e8 <span class=\"ls8\">in</span> <span class=\"_ _24\"></span>corso <span class=\"_ _23\"></span><span class=\"lse\">e,<span class=\"ls0\"> alla <span class=\"_ _23\"></span>data <span class=\"_ _23\"></span>di <span class=\"_ _1\"></span>approvazione </span></span></span></span>del presente bilancio, non \u00e8 ancora stata definita<span class=\"_ _2\"></span> la data di efficacia. Gli <span class=\"_ _23\"></span>eventua<span class=\"_ _2\"></span>li <span class=\"_ _23\"></span>impatti <span class=\"_ _23\"></span>sul bilancio <span class=\"_ _23\"></span>consolidato <span class=\"_ _23\"></span>del gruppo <span class=\"_ _23\"></span>derivanti <span class=\"_ _23\"></span>da dette <span class=\"_ _23\"></span>modifiche <span class=\"_ _23\"></span>sono <span class=\"_ _23\"></span>in corso<span class=\"_ _1\"></span> di valutazione. <span class=\"_ _23\"></span>A<span class=\"_ _2\"></span>l riguardo <span class=\"_ _23\"></span>si precisa che, <span class=\"_ _23\"></span>sulla base di <span class=\"_ _1\"></span>una preliminare <span class=\"_ _1\"></span>ricognizione <span class=\"_ _1\"></span>delle potenziali<span class=\"_ _1\"></span> fattispecie, non si prevedono impatti significativi diretti su TIP. Criteri <span class=\"lsb\">di</span> valutazione  I criteri <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>valutazione <span class=\"_ _2\"></span>utilizzati <span class=\"_ _2\"></span>nella <span class=\"_ _2\"></span>redazione del<span class=\"_ _2\"></span> bilancio <span class=\"_ _2\"></span>consolidato <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>31 dicembre <span class=\"_ _2\"></span>202<span class=\"_ _29\"></span>5 sono riportati di seguito. I<span class=\"fs6\">MMOBILI</span>,<span class=\"fs6\"> IMPIANTI E<span class=\"_ _2\"></span> MACCHINARI<span class=\"_ _5d\"> </span></span> Le <span class=\"_ _19\"> </span>immobilizza<span class=\"_ _2\"></span>zioni <span class=\"_ _19\"> </span>materiali  sono <span class=\"_ _19\"> </span>rilevate <span class=\"_ _19\"> </span>al  co<span class=\"_ _1\"></span>sto <span class=\"_ _19\"> </span>s<span class=\"_ _2\"></span>torico, <span class=\"_ _19\"> </span>comprensivo <span class=\"_ _12\"> </span>dei <span class=\"_ _19\"> </span>cos<span class=\"_ _2\"></span>ti <span class=\"_ _19\"> </span>accessori<span class=\"_ _5d\"> </span> direttamente <span class=\"_ _19\"> </span>imputabili <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>necessari <span class=\"_ _25\"> </span>alla<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>messa <span class=\"_ _19\"> </span>in <span class=\"_ _25\"> </span>funzione <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>bene <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>l\u2019<span class=\"_ _1\"></span>uso <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>cui <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _25\"> </span>stato<span class=\"_ _5d\"> </span> acquistato. Qualora parti s<span class=\"_ _1\"></span>ignificative di tali immobilizzazioni materiali abbiano differenti vite util<span class=\"_ _1\"></span>i,<span class=\"_ _5d\"> </span> tali componenti sono contabilizzate separatamente.  Le <span class=\"_ _22\"> </span>immobilizzazioni <span class=\"_ _22\"> </span>materiali <span class=\"_ _25\"> </span>sono <span class=\"_ _22\"> </span>esposte <span class=\"_ _22\"> </span>al <span class=\"_ _22\"> </span>netto <span class=\"_ _22\"> </span>dei <span class=\"_ _25\"> </span>relativi <span class=\"_ _22\"> </span>ammortamenti <span class=\"_ _22\"> </span>accumulati <span class=\"_ _22\"> </span>e <span class=\"_ _22\"> </span>di<span class=\"_ _5d\"> </span> eventuali perdite di valore determinate secondo le modalit\u00e0 descritte nel seguito.  L\u2019ammortamento \u00e8 calcolato in <span class=\"_ _2\"></span>quote costanti in <span class=\"_ _2\"></span>base alla vita utile stimata del bene per <span class=\"_ _2\"></span>l\u2019impresa,<span class=\"_ _5d\"> </span> che <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _23\"></span>riesaminata <span class=\"_ _24\"></span>con <span class=\"_ _24\"></span>periodicit\u00e0 <span class=\"_ _23\"></span>annuale. <span class=\"_ _24\"></span>Eventuali <span class=\"_ _24\"></span>cambia<span class=\"_ _2\"></span>menti, <span class=\"_ _24\"></span>laddove <span class=\"_ _24\"></span>necessari, <span class=\"_ _24\"></span>sono <span class=\"_ _23\"></span>apportati<span class=\"_ _5d\"> </span> con applicazione prospettica; le principali aliquote economico-tecniche utilizzate sono le  seguenti: <table class=\"s w22d hee\" id=\"_18e38ad1-2852-4e55-a606-22f6cf0f0c4b\"><tr><td class=\"c x1ab yc61 w67 h69\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">- </div></td><td class=\"c x1ac yc61 w68 h69\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">mobili e arredi </div></td><td class=\"c x1ad yc61 w69 h69\"><div class=\"t m0 x35 h7 y28d ff3 fs1 fc0 sc0 ls8 ws0\">12%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yc62 w67 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">- </div></td><td class=\"c x1ac yc62 w68 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">apparecchi ed impianti vari </div></td><td class=\"c x1ad yc62 w69 h45\"><div class=\"t m0 x35 h7 y28d ff3 fs1 fc0 sc0 ls8 ws0\">15%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yc63 w67 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">- </div></td><td class=\"c x1ac yc63 w68 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">macchine ufficio elettroniche  </div></td><td class=\"c x1ad yc63 w69 h45\"><div class=\"t m0 x35 h7 y28d ff3 fs1 fc0 sc0 ls8 ws0\">20%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yc64 w67 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">- </div></td><td class=\"c x1ac yc64 w68 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">telefoni cellulari </div></td><td class=\"c x1ad yc64 w69 h45\"><div class=\"t m0 x35 h7 y28d ff3 fs1 fc0 sc0 ls8 ws0\">20%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yc65 w67 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">- </div></td><td class=\"c x1ac yc65 w68 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">attrezzature  </div></td><td class=\"c x1ad yc65 w69 h45\"><div class=\"t m0 x35 h7 y28d ff3 fs1 fc0 sc0 ls8 ws0\">15%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yc66 w67 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">- </div></td><td class=\"c x1ac yc66 w68 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">Autovetture </div></td><td class=\"c x1ad yc66 w69 h45\"><div class=\"t m0 x35 h7 y28d ff3 fs1 fc0 sc0 ls8 ws0\">25%<span class=\"ls0\"> </span></div></td></tr></table>Il <span class=\"_ _25\"> </span>valore <span class=\"_ _25\"> </span>contabile <span class=\"_ _19\"> </span>delle <span class=\"_ _22\"> </span>immobilizzazioni <span class=\"_ _19\"> </span>materi<span class=\"_ _1\"></span>ali <span class=\"_ _22\"> </span>\u00e8 <span class=\"_ _19\"> </span>periodicamente <span class=\"_ _25\"> </span>sottoposto <span class=\"_ _25\"> </span>a <span class=\"_ _25\"> </span>verifica <span class=\"_ _25\"> </span>per<span class=\"_ _5d\"> </span> rilevarne <span class=\"_ _2a\"></span>eventuali <span class=\"_ _28\"></span>perdite <span class=\"_ _2a\"></span>di <span class=\"_ _2a\"></span>valore, <span class=\"_ _2a\"></span>qualora <span class=\"_ _2a\"></span>eventi <span class=\"_ _28\"></span>o <span class=\"_ _2a\"></span>ca<span class=\"_ _2\"></span>mbiamenti <span class=\"_ _28\"></span>di <span class=\"_ _2a\"></span>situazione <span class=\"_ _2a\"></span>indichino <span class=\"_ _2a\"></span>che <span class=\"_ _28\"></span>il<span class=\"_ _5d\"> </span> valore <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>carico <span class=\"_ _29\"></span>non <span class=\"_ _29\"></span>possa <span class=\"_ _29\"></span>essere <span class=\"_ _29\"></span>recuperato. <span class=\"_ _29\"></span>Se <span class=\"_ _29\"></span>esiste <span class=\"_ _29\"></span>un'in<span class=\"_ _2\"></span>dicazione <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>questo <span class=\"_ _2\"></span>tipo <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span>nel <span class=\"_ _2\"></span>caso <span class=\"_ _28\"></span>in<span class=\"_ _5d\"> </span> cui <span class=\"_ _24\"></span>il <span class=\"_ _23\"></span>valore <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>carico <span class=\"_ _24\"></span>ecceda <span class=\"_ _24\"></span>il <span class=\"_ _23\"></span>valore <span class=\"_ _24\"></span>pres<span class=\"_ _2\"></span>umibile <span class=\"_ _24\"></span>di <span class=\"_ _24\"></span>rea<span class=\"_ _2\"></span>lizzo, <span class=\"_ _24\"></span>le <span class=\"_ _23\"></span>attivit\u00e0 <span class=\"_ _24\"></span>sono <span class=\"_ _24\"></span>sva<span class=\"_ _2\"></span>lutate <span class=\"_ _24\"></span>fino <span class=\"_ _24\"></span>a <span class=\"_ _23\"></span>riflettere<span class=\"_ _5d\"> </span>il <span class=\"_ _29\"></span>loro <span class=\"_ _28\"></span>valore <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>realizzo. <span class=\"_ _28\"></span>Il <span class=\"_ _29\"></span>valore <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>realizzo <span class=\"_ _29\"></span>delle <span class=\"_ _28\"></span>immobilizzazioni <span class=\"_ _29\"></span>material<span class=\"_ _2\"></span>i <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _28\"></span>rappresentato <span class=\"_ _29\"></span>dal<span class=\"_ _5d\"> </span>maggiore <span class=\"_ _23\"></span>tra <span class=\"_ _23\"></span>il <span class=\"_ _1\"></span>prezzo <span class=\"_ _23\"></span>netto <span class=\"_ _23\"></span>di <span class=\"_ _1\"></span>vendita <span class=\"_ _23\"></span>e il <span class=\"_ _24\"></span>valore <span class=\"_ _1\"></span>d'uso. <span class=\"_ _23\"></span>Nel <span class=\"_ _23\"></span>definire il <span class=\"_ _24\"></span>valore <span class=\"_ _1\"></span>d'uso, <span class=\"_ _23\"></span>i <span class=\"_ _23\"></span>fluss<span class=\"_ _2\"></span>i <span class=\"_ _23\"></span>finanziari<span class=\"_ _5d\"> </span>futuri <span class=\"_ _22\"> </span>a<span class=\"_ _2\"></span>ttesi <span class=\"_ _25\"> </span>sono <span class=\"_ _25\"> </span>a<span class=\"_ _2\"></span>ttualizzati <span class=\"_ _25\"> </span>utilizzando <span class=\"_ _25\"> </span>un <span class=\"_ _19\"> </span>ta<span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>so <span class=\"_ _22\"> </span>di <span class=\"_ _19\"> </span>sconto <span class=\"_ _25\"> </span>a<span class=\"_ _2\"></span>nte<span class=\"ffb\"> <span class=\"_ _25\"> </span></span>imposte <span class=\"_ _25\"> </span>che <span class=\"_ _25\"> </span>riflette <span class=\"_ _25\"> </span>la <span class=\"_ _25\"> </span>s<span class=\"_ _2\"></span>tima<span class=\"_ _5d\"> </span>corrente <span class=\"_ _23\"></span>del mercato <span class=\"_ _23\"></span>riferito <span class=\"_ _23\"></span>al co<span class=\"_ _1\"></span>sto <span class=\"_ _23\"></span>del d<span class=\"_ _1\"></span>enaro <span class=\"_ _23\"></span>rapportato <span class=\"_ _1\"></span>al <span class=\"_ _23\"></span>tempo e <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span>i <span class=\"_ _23\"></span>rischi <span class=\"_ _23\"></span>spec<span class=\"_ _2\"></span>ifici <span class=\"_ _23\"></span>dell'attivit\u00e0.<span class=\"_ _5d\"> </span>Le <span class=\"_ _22\"> </span>perdite <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>valore <span class=\"_ _25\"> </span>sono <span class=\"_ _25\"> </span>contabilizzate <span class=\"_ _25\"> </span>nel <span class=\"_ _22\"> </span>conto <span class=\"_ _25\"> </span>economico <span class=\"_ _25\"> </span>fra <span class=\"_ _25\"> </span>i <span class=\"_ _22\"> </span>costi <span class=\"_ _25\"> </span>per <span class=\"_ _22\"> </span>a<span class=\"_ _2\"></span>mmortamenti <span class=\"_ _22\"> </span>e<span class=\"_ _5d\"> </span>svalutazioni. <span class=\"_ _29\"></span>Tali <span class=\"_ _29\"></span>perdite <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>valore <span class=\"_ _28\"></span>sono <span class=\"_ _29\"></span>ripristinate <span class=\"_ _29\"></span>nel <span class=\"_ _28\"></span>caso <span class=\"_ _29\"></span>in <span class=\"_ _29\"></span>cui<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>vengano <span class=\"_ _29\"></span>meno <span class=\"_ _28\"></span>i <span class=\"_ _29\"></span>motivi <span class=\"_ _29\"></span>che <span class=\"_ _29\"></span>le<span class=\"_ _5d\"> </span>hanno generate.<span class=\"_ _5d\"> </span>Al <span class=\"_ _2\"></span>momento della<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>ndita o qua<span class=\"_ _2\"></span>ndo non <span class=\"_ _2\"></span>sus<span class=\"_ _2\"></span>sistono benefici <span class=\"_ _2\"></span>economici <span class=\"_ _2\"></span>futuri attesi <span class=\"_ _2\"></span>dall'uso <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>un<span class=\"_ _5d\"> </span>bene, <span class=\"_ _2\"></span>esso <span class=\"_ _2\"></span>viene <span class=\"_ _2\"></span>eliminato dal <span class=\"_ _2\"></span>bila<span class=\"_ _2\"></span>ncio <span class=\"_ _2\"></span>e l'<span class=\"_ _2\"></span>eventuale perdita<span class=\"_ _2\"></span> o <span class=\"_ _2\"></span>utile <span class=\"_ _2\"></span>(calcola<span class=\"_ _2\"></span>ti come <span class=\"_ _2\"></span>differenza <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span>il<span class=\"_ _5d\"> </span>valore <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>cessione <span class=\"_ _28\"></span>e <span class=\"_ _28\"></span>il <span class=\"_ _28\"></span>valore <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>carico) <span class=\"_ _28\"></span>viene <span class=\"_ _28\"></span>rilevata <span class=\"_ _28\"></span>a <span class=\"_ _28\"></span>conto <span class=\"_ _29\"></span>ec<span class=\"_ _2\"></span>onomico <span class=\"_ _29\"></span>nell'anno <span class=\"_ _28\"></span>della <span class=\"_ _28\"></span>suddetta<span class=\"_ _5d\"> </span>eliminazione.<span class=\"_ _5d\"> </span>A<span class=\"fs6\">VVIAMENTO </span>Le <span class=\"_ _22\"> </span>aggregazioni <span class=\"_ _22\"> </span>aziendali <span class=\"_ _22\"> </span>sono <span class=\"_ _25\"> </span>contabilizzate <span class=\"_ _27\"></span>a<span class=\"_ _2\"></span>pplicando <span class=\"_ _22\"> </span>il <span class=\"_ _22\"> </span>metodo <span class=\"_ _22\"> </span>dell\u2019acquisto. <span class=\"_ _22\"> </span>L\u2019avviamento<span class=\"_ _5d\"> </span>rappresenta l\u2019eccedenza d<span class=\"_ _23\"></span>el costo d'acquisto risp<span class=\"_ _1\"></span>etto alla quota <span class=\"_ _23\"></span>di pertinenza dell'acquirente <span class=\"_ _1\"></span>del <span class=\"ffb\">fair<span class=\"_ _5d\"> </span></span>value <span class=\"_ _27\"></span><span class=\"ff3\">netto <span class=\"_ _2a\"></span>riferito <span class=\"_ _27\"></span>ai <span class=\"_ _27\"></span>valori <span class=\"_ _2a\"></span>identificabili <span class=\"_ _27\"></span>delle <span class=\"_ _27\"></span>attivit\u00e0 <span class=\"_ _2a\"></span>e <span class=\"_ _27\"></span>delle <span class=\"_ _27\"></span>passivit\u00e0 <span class=\"_ _27\"></span>attuali <span class=\"_ _2a\"></span>e <span class=\"_ _27\"></span>potenziali. <span class=\"_ _27\"></span>Dopo<span class=\"_ _5d\"> </span></span>l\u2019iniziale <span class=\"_ _29\"></span>iscrizione, <span class=\"_ _28\"></span>l'avviamento <span class=\"_ _29\"></span>viene <span class=\"_ _28\"></span>decrementato <span class=\"_ _29\"></span>delle <span class=\"_ _29\"></span>ev<span class=\"_ _2\"></span>entuali <span class=\"_ _29\"></span>perdite <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>valore <span class=\"_ _28\"></span>accumulate,<span class=\"_ _5d\"> </span>determinate con le modalit\u00e0 descritte nel seguito. L\u2019avviamento <span class=\"_ _2\"></span>derivante <span class=\"_ _29\"></span>da <span class=\"_ _2\"></span>acquisizioni <span class=\"_ _2\"></span>effettuate <span class=\"_ _2\"></span>prece<span class=\"_ _2\"></span>dentemente <span class=\"_ _2\"></span>all\u20191 <span class=\"_ _2\"></span>gennaio <span class=\"_ _2\"></span>2004 <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _2\"></span>iscritto <span class=\"_ _29\"></span>al<span class=\"_ _5d\"> </span>sostituto <span class=\"_ _29\"></span>del <span class=\"_ _28\"></span>costo, <span class=\"_ _28\"></span>pari <span class=\"_ _28\"></span>al <span class=\"_ _29\"></span>valore <span class=\"_ _28\"></span>registrato <span class=\"_ _28\"></span>a <span class=\"_ _29\"></span>tal<span class=\"_ _2\"></span>e <span class=\"_ _29\"></span>titolo <span class=\"_ _28\"></span>nell\u2019ultimo <span class=\"_ _28\"></span>bilancio <span class=\"_ _28\"></span>redatto <span class=\"_ _29\"></span>sulla <span class=\"_ _28\"></span>base <span class=\"_ _28\"></span>dei<span class=\"_ _5d\"> </span>precedenti principi <span class=\"_ _23\"></span>contabili applicati (31 <span class=\"_ _23\"></span>dicembre<span class=\"_ _2\"></span> 2<span class=\"_ _23\"></span>003). In <span class=\"_ _23\"></span>fas<span class=\"_ _2\"></span>e di <span class=\"_ _23\"></span>predisposizione del bilancio <span class=\"_ _23\"></span>di<span class=\"_ _5d\"> </span>apertura <span class=\"_ _48\"> </span>secondo <span class=\"_ _8\"> </span>i <span class=\"_ _48\"> </span>principi <span class=\"_ _8\"> </span>contabili <span class=\"_ _48\"> </span>internazionali <span class=\"_ _8\"> </span>non <span class=\"_ _48\"> </span>sono <span class=\"_ _48\"> </span>s<span class=\"_ _2\"></span>tate, <span class=\"_ _48\"> </span>infatti, <span class=\"_ _48\"> </span>riconsiderate <span class=\"_ _8\"> </span>le<span class=\"_ _5d\"> </span>operazioni di acquisizione effettuate anteriormente al 1\u00b0 gennaio 2004. L\u2019avviamento <span class=\"_ _1\"></span>viene <span class=\"_ _23\"></span>sottoposto <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>un'a<span class=\"_ _2\"></span>nalisi <span class=\"_ _23\"></span>di recup<span class=\"_ _1\"></span>erabilit\u00e0 <span class=\"_ _1\"></span>con <span class=\"_ _23\"></span>ca<span class=\"_ _2\"></span>denza <span class=\"_ _23\"></span>annuale <span class=\"_ _23\"></span>o anche <span class=\"_ _23\"></span>pi\u00f9 breve<span class=\"_ _5d\"> </span>nel <span class=\"_ _23\"></span>caso <span class=\"_ _24\"></span>in <span class=\"_ _23\"></span>cui <span class=\"_ _24\"></span>s<span class=\"_ _2\"></span>i <span class=\"_ _24\"></span>verifichino <span class=\"_ _24\"></span>ev<span class=\"_ _2\"></span>enti <span class=\"_ _24\"></span>o <span class=\"_ _23\"></span>cambiamenti <span class=\"_ _23\"></span>di <span class=\"_ _24\"></span>circostanze <span class=\"_ _23\"></span>che <span class=\"_ _24\"></span>possano <span class=\"_ _23\"></span>far <span class=\"_ _24\"></span>emergere <span class=\"_ _23\"></span>eventuali<span class=\"_ _5d\"> </span>perdite <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>valore. <span class=\"_ _19\"> </span>Alla <span class=\"_ _22\"> </span>data <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>acquisizione, <span class=\"_ _22\"> </span>l'eventua<span class=\"_ _2\"></span>le <span class=\"_ _25\"> </span>avviamento <span class=\"_ _25\"> </span>eme<span class=\"_ _2\"></span>rgente <span class=\"_ _22\"> </span>vie<span class=\"_ _2\"></span>ne <span class=\"_ _25\"> </span>allocato <span class=\"_ _25\"> </span>a<span class=\"_ _5d\"> </span>ciascuna <span class=\"_ _25\"> </span>delle <span class=\"_ _19\"> </span>unit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _25\"> </span>generatrici <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>flussi <span class=\"_ _25\"> </span>finanziari <span class=\"_ _25\"> </span>che <span class=\"_ _19\"> </span>ci <span class=\"_ _22\"> </span>si <span class=\"_ _19\"> </span>attende<span class=\"_ _1\"></span> <span class=\"_ _25\"> </span>beneficeranno <span class=\"_ _19\"> </span>degli <span class=\"_ _22\"> </span>effetti<span class=\"_ _5d\"> </span>derivanti <span class=\"_ _27\"></span>dall'<span class=\"_ _2\"></span>acquisizione. <span class=\"_ _27\"></span>L'eventuale <span class=\"_ _22\"> </span>perdita <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>valore <span class=\"_ _27\"></span>\u00e8 <span class=\"_ _22\"> </span>identificata <span class=\"_ _27\"></span>attraverso <span class=\"_ _22\"> </span>valutazioni <span class=\"_ _27\"></span>che<span class=\"_ _5d\"> </span>prendono a rif<span class=\"_ _1\"></span>erimento la capacit\u00e0 di <span class=\"_ _23\"></span>ciascuna unit\u00e0 di <span class=\"_ _1\"></span>produrre flussi finanziari <span class=\"_ _23\"></span>atti a recuperare la<span class=\"_ _5d\"> </span>parte di avviamento a <span class=\"_ _23\"></span>essa allocata, con le <span class=\"_ _23\"></span>moda<span class=\"_ _2\"></span>lit\u00e0 precedentemente <span class=\"_ _23\"></span>indic<span class=\"_ _2\"></span>ate nella s<span class=\"_ _1\"></span>ezione relativa<span class=\"_ _5d\"> </span>agli <span class=\"_ _19\"> </span>immobili,<span class=\"_ _23\"></span> <span class=\"_ _19\"> </span>impianti <span class=\"_ _25\"> </span>e <span class=\"_ _25\"> </span>macchinari. <span class=\"_ _19\"> </span>Nel <span class=\"_ _22\"> </span>caso <span class=\"_ _19\"> </span>in <span class=\"_ _22\"> </span>cui <span class=\"_ _19\"> </span>il <span class=\"_ _25\"> </span>valore <span class=\"_ _25\"> </span>r<span class=\"_ _2\"></span>ecuperabile <span class=\"_ _19\"> </span>da <span class=\"_ _25\"> </span>parte <span class=\"_ _25\"> </span>dell'unit\u00e0<span class=\"_ _5d\"> </span>generatrice di flussi sia inferiore al valore di carico attribuito, si rileva la relativa perdita di valore. Tale <span class=\"_ _24\"></span>perdita<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>valore <span class=\"_ _23\"></span>non <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _23\"></span>ripristinata <span class=\"_ _23\"></span>nel <span class=\"_ _24\"></span>caso <span class=\"_ _24\"></span>in <span class=\"_ _23\"></span>cui <span class=\"_ _23\"></span>vengano <span class=\"_ _23\"></span>meno <span class=\"_ _24\"></span>i <span class=\"_ _23\"></span>motivi <span class=\"_ _23\"></span>che <span class=\"_ _24\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>hanno <span class=\"_ _23\"></span>generata.<span class=\"_ _5d\"> </span>A<span class=\"fs6\">LTRE </span>A<span class=\"fs6\">TTIVIT\u00c0 IMMATERIALI </span>Le a<span class=\"_ _2\"></span>ltre attivit\u00e0 <span class=\"_ _2\"></span>immateriali <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>rilevate <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>costo, <span class=\"_ _2\"></span>determinato <span class=\"_ _2\"></span>secondo <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>stesse moda<span class=\"_ _2\"></span>lit\u00e0 indicate<span class=\"_ _5d\"> </span>per le immobilizzazioni materiali. Le altre attivit\u00e0 immateriali aventi<span class=\"_ _1\"></span> vita utile definita <span class=\"_ _1\"></span>sono iscritte al netto dei<span class=\"_ _1\"></span> relativi ammortamenti<span class=\"_ _5d\"> </span>accumulati <span class=\"_ _27\"></span>e <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>eventuali <span class=\"_ _2a\"></span>perdite <span class=\"_ _22\"> </span>di <span class=\"_ _27\"></span>valore <span class=\"_ _27\"></span>determinate <span class=\"_ _22\"> </span>con <span class=\"_ _27\"></span>le <span class=\"_ _27\"></span>stesse <span class=\"_ _27\"></span>moda<span class=\"_ _2\"></span>lit\u00e0 <span class=\"_ _27\"></span>precedentemente<span class=\"_ _5d\"> </span>indicate per le immobilizzazioni materiali. La vita <span class=\"_ _23\"></span>utile vi<span class=\"_ _23\"></span>ene<span class=\"_ _2\"></span> rie<span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>aminata <span class=\"_ _1\"></span>con <span class=\"_ _23\"></span>periodic<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _23\"></span>annuale ed <span class=\"_ _23\"></span>eventuali cambiamenti, <span class=\"_ _23\"></span>laddove necessari,<span class=\"_ _5d\"> </span>sono apportati con applicazione prospettica. Gli <span class=\"_ _2a\"></span>utili <span class=\"_ _2a\"></span>o <span class=\"_ _2a\"></span>le <span class=\"_ _2a\"></span>perdite <span class=\"_ _2a\"></span>deriv<span class=\"_ _2\"></span>anti <span class=\"_ _2a\"></span>dall'alienazione <span class=\"_ _2a\"></span>di <span class=\"_ _2a\"></span>una <span class=\"_ _2a\"></span>attivit\u00e0 <span class=\"_ _27\"></span>immateriale <span class=\"_ _2a\"></span>sono <span class=\"_ _28\"></span>dete<span class=\"_ _2\"></span>rminati <span class=\"_ _28\"></span>come<span class=\"_ _5d\"> </span>differenza <span class=\"_ _23\"></span>tra <span class=\"_ _23\"></span>il <span class=\"_ _23\"></span>va<span class=\"_ _2\"></span>lore <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>dismissione <span class=\"_ _23\"></span>e il <span class=\"_ _24\"></span>valore <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>ca<span class=\"_ _2\"></span>rico <span class=\"_ _24\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>bene <span class=\"_ _23\"></span>e <span class=\"_ _23\"></span>sono <span class=\"_ _1\"></span>rilevati <span class=\"_ _23\"></span>a <span class=\"_ _23\"></span>conto <span class=\"_ _23\"></span>ec<span class=\"_ _2\"></span>onomico<span class=\"_ _5d\"> </span>al momento dell'alienazione. L<span class=\"fs6\">EASING </span>Un <span class=\"_ _27\"></span>contratto <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span><span class=\"ffb\">leasing</span> <span class=\"_ _27\"></span><span class=\"ff7\">attribuisce <span class=\"_ _27\"></span>ad <span class=\"_ _27\"></span>un\u2019entit\u00e0 <span class=\"_ _2a\"></span>il <span class=\"_ _27\"></span>diritto <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>utilizzare <span class=\"_ _27\"></span>un <span class=\"_ _27\"></span><span class=\"ffb\">asset</span></span> <span class=\"_ _27\"></span>per <span class=\"_ _27\"></span>un <span class=\"_ _2a\"></span>determinato<span class=\"_ _5d\"> </span>periodo <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>tempo <span class=\"_ _19\"> </span>in <span class=\"_ _25\"> </span>ca<span class=\"_ _2\"></span>mbio <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>un <span class=\"_ _19\"> </span>corrispettivo. <span class=\"_ _19\"> </span>Per <span class=\"_ _25\"> </span>il <span class=\"_ _19\"> </span>locatario <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>livello <span class=\"_ _19\"> </span>contabile <span class=\"_ _19\"> </span>non <span class=\"_ _19\"> </span>vi <span class=\"_ _19\"> </span>\u00e8<span class=\"_ _5d\"> </span>distinzione <span class=\"_ _19\"> </span>tra <span class=\"_ _19\"> </span><span class=\"ffb\">leasing</span> <span class=\"_ _19\"> </span>finanziario <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span><span class=\"ffb\">leasing</span> <span class=\"_ _25\"> </span>opera<span class=\"_ _2\"></span>tivo, <span class=\"_ _19\"> </span>ad <span class=\"_ _19\"> </span>entrambi <span class=\"_ _25\"> </span>s<span class=\"_ _2\"></span>i <span class=\"_ _19\"> </span>applica<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>un <span class=\"_ _19\"> </span>unico <span class=\"_ _19\"> </span>modello<span class=\"_ _5d\"> </span>contabile <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>rilevazione <span class=\"_ _24\"></span>del <span class=\"_ _23\"></span><span class=\"ffb\">leasing<span class=\"ff3\">. <span class=\"_ _23\"></span>Secondo <span class=\"_ _23\"></span>tale <span class=\"_ _24\"></span>modello <span class=\"_ _23\"></span>la <span class=\"_ _23\"></span>societ\u00e0 <span class=\"_ _24\"></span>riconos<span class=\"_ _2\"></span>ce <span class=\"_ _24\"></span>nella <span class=\"_ _23\"></span>propria <span class=\"_ _23\"></span>situazione<span class=\"_ _5d\"> </span></span></span>patrimoniale <span class=\"_ _23\"></span>- <span class=\"_ _24\"></span><span class=\"ff7\">finanz<span class=\"_ _2\"></span>iaria <span class=\"_ _24\"></span>separatamente <span class=\"_ _23\"></span>un\u2019attivit\u00e0, <span class=\"_ _23\"></span>rappresentativa <span class=\"_ _24\"></span>del <span class=\"_ _23\"></span>relativo <span class=\"_ _24\"></span>diritto <span class=\"_ _23\"></span>d\u2019uso, <span class=\"_ _23\"></span>ed <span class=\"_ _23\"></span>una<span class=\"_ _5d\"> </span></span>passivit\u00e0<span class=\"ff7\">, rappresentativa <span class=\"_ _23\"></span>dell\u2019obbligazione ad <span class=\"_ _23\"></span>effettuare i <span class=\"_ _23\"></span>pa<span class=\"_ _2\"></span>gamenti <span class=\"_ _1\"></span>previsti d<span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>l contratto, <span class=\"_ _23\"></span>per tutti<span class=\"_ _5d\"> </span></span>i <span class=\"ffb ls0\">leasing<span class=\"ff3\"> con durata sup<span class=\"_ _1\"></span>eriore ai dodici mesi il <span class=\"_ _1\"></span>cui valore non possa e<span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>sere considerato non rilevante<span class=\"_ _5d\"> </span></span></span>mentre <span class=\"_ _28\"></span>nel <span class=\"_ _29\"></span>conto <span class=\"_ _2a\"></span>economico <span class=\"_ _28\"></span>rileva <span class=\"_ _28\"></span>l\u2019ammortamento <span class=\"_ _29\"></span>dell\u2019a<span class=\"_ _2\"></span>ttivit\u00e0 <span class=\"_ _29\"></span>riconosciuta <span class=\"_ _28\"></span>e <span class=\"_ _28\"></span>separatamente <span class=\"_ _28\"></span>gli<span class=\"_ _5d\"> </span>interessi <span class=\"_ _23\"></span>sul debito <span class=\"_ _23\"></span>iscritto. <span class=\"_ _23\"></span>Le riduzioni <span class=\"_ _23\"></span>dei <span class=\"_ _1\"></span>canoni <span class=\"_ _23\"></span>connesse al <span class=\"_ _24\"></span>Covid<span class=\"_ _2\"></span>-19 <span class=\"_ _23\"></span>sono contabilizzate, <span class=\"_ _24\"></span>senz<span class=\"_ _5d\"> </span>a<span class=\"_ _5d\"> </span>dover <span class=\"_ _24\"></span>valutare, <span class=\"_ _23\"></span>tramite <span class=\"_ _24\"></span>l\u2019analisi <span class=\"_ _23\"></span>dei <span class=\"_ _24\"></span>contratti, <span class=\"_ _24\"></span>se <span class=\"_ _23\"></span>\u00e8 <span class=\"_ _24\"></span>rispettata <span class=\"_ _24\"></span>la <span class=\"_ _24\"></span>definiz<span class=\"_ _2\"></span>ione <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span><span class=\"ffb\">lease <span class=\"_ _24\"></span>modifica<span class=\"_ _2\"></span>tion<span class=\"ff3\"> <span class=\"_ _24\"></span><span class=\"ff7\">dell\u2019IFRS<span class=\"_ _5d\"> </span></span></span></span>16<span class=\"ls0\">, direttamente a conto economico alla data di efficacia della riduzione.<span class=\"_ _5d\"> </span></span>P<span class=\"fs6\">ARTECIPAZIONI IN SOCIET<span class=\"_ _2\"></span>\u00c0 COLLEGATE VALUTATE CON <span class=\"_ _2\"></span>IL METODO DEL PATRIMONIO NETTO </span>Le <span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>et\u00e0 <span class=\"_ _2\"></span>col<span class=\"_ _2\"></span>legate <span class=\"_ _2\"></span>sono <span class=\"_ _29\"></span>entit\u00e0 <span class=\"_ _29\"></span>sulle <span class=\"_ _29\"></span>cui <span class=\"_ _29\"></span>politiche <span class=\"_ _29\"></span>finanziarie <span class=\"_ _2\"></span>e <span class=\"_ _29\"></span>gestionali <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _29\"></span>esercitata <span class=\"_ _29\"></span>un\u2019influenza<span class=\"_ _5d\"> </span>notevole, <span class=\"_ _2a\"></span>pur <span class=\"_ _2a\"></span>non <span class=\"_ _2a\"></span>avendone <span class=\"_ _2a\"></span>il <span class=\"_ _2a\"></span>controllo. <span class=\"_ _2a\"></span>Si <span class=\"_ _2a\"></span>suppone<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>che <span class=\"_ _2a\"></span>esista <span class=\"_ _2a\"></span>un\u2019influenza <span class=\"_ _2a\"></span>notevole <span class=\"_ _2a\"></span>quando <span class=\"_ _2a\"></span>si<span class=\"_ _5d\"> </span>possiede tra il 20% e il 50% del potere di voto di un\u2019alt<span class=\"ff3\">ra entit\u00e0. </span>Le <span class=\"_ _2\"></span>partecipazioni <span class=\"_ _29\"></span>in <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _2\"></span>collegate <span class=\"_ _2\"></span>sono <span class=\"_ _29\"></span>contabilizzate <span class=\"_ _2\"></span>secondo <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>metodo <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>trimonio <span class=\"_ _2\"></span>netto<span class=\"_ _5d\"> </span>e <span class=\"_ _26\"> </span>rilevate <span class=\"_ _26\"> </span>inizialmente <span class=\"_ _21\"> </span>al <span class=\"_ _26\"> </span>costo. <span class=\"_ _26\"> </span>Le <span class=\"_ _26\"> </span>partecipazioni <span class=\"_ _26\"> </span>comprendono <span class=\"_ _26\"> </span>l'avviamento <span class=\"_ _26\"> </span>identificato  a<span class=\"_ _2\"></span>l<span class=\"_ _5d\"> </span>momento <span class=\"_ _25\"> </span>dell'a<span class=\"_ _2\"></span>cquisizione, <span class=\"_ _25\"> </span>al <span class=\"_ _19\"> </span>netto <span class=\"_ _25\"> </span>delle <span class=\"_ _19\"> </span>eventuali <span class=\"_ _22\"> </span>perdite <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>va<span class=\"_ _2\"></span>lore <span class=\"_ _19\"> </span>cumulate. <span class=\"_ _19\"> </span>I<span class=\"_ _1\"></span>n <span class=\"_ _25\"> </span>presenz<span class=\"_ _2\"></span>a <span class=\"_ _25\"> </span>di<span class=\"_ _5d\"> </span>eventuali obiettive evidenze di perdita di valore la re<span class=\"_ _1\"></span>cuperabilit\u00e0 del valore di iscrizione \u00e8 verificata<span class=\"_ _5d\"> </span>confrontando il valore contabile con il relativo va<span class=\"_ _2\"></span>lore recuperabile rilevando l\u2019eventuale differenza<span class=\"_ _5d\"> </span>nel <span class=\"_ _29\"></span>conto <span class=\"_ _28\"></span>economico. <span class=\"_ _28\"></span>Il <span class=\"_ _29\"></span>bilancio <span class=\"_ _29\"></span>cons<span class=\"_ _2\"></span>olidato <span class=\"_ _29\"></span>comprende <span class=\"_ _28\"></span>la <span class=\"_ _29\"></span>quota <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>pertinenza <span class=\"_ _28\"></span>degli <span class=\"_ _29\"></span>utili <span class=\"_ _28\"></span>o <span class=\"_ _29\"></span>delle<span class=\"_ _5d\"> </span>perdite <span class=\"_ _28\"></span>delle <span class=\"_ _28\"></span>partecipate <span class=\"_ _29\"></span>rilevate <span class=\"_ _28\"></span>secondo <span class=\"_ _28\"></span>il <span class=\"_ _28\"></span>metodo <span class=\"_ _28\"></span>del <span class=\"_ _28\"></span>patrimonio <span class=\"_ _28\"></span>netto, <span class=\"_ _28\"></span>al <span class=\"_ _29\"></span>netto <span class=\"_ _2a\"></span>delle <span class=\"_ _28\"></span>rettifiche<span class=\"_ _5d\"> </span>necessarie <span class=\"_ _28\"></span>per <span class=\"_ _28\"></span>allineare <span class=\"_ _28\"></span>i <span class=\"_ _28\"></span>principi <span class=\"_ _28\"></span>contabili<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>e <span class=\"_ _28\"></span>per <span class=\"_ _28\"></span>eliminare <span class=\"_ _28\"></span>i <span class=\"_ _28\"></span>margini <span class=\"_ _28\"></span>inf<span class=\"_ _2\"></span>rag<span class=\"_ _2\"></span>ruppo <span class=\"_ _29\"></span>non <span class=\"_ _2a\"></span>realizzati, <span class=\"_ _28\"></span>a<span class=\"_ _5d\"> </span>partire <span class=\"_ _29\"></span>dalla <span class=\"_ _29\"></span>data <span class=\"_ _29\"></span>in <span class=\"_ _29\"></span>cui <span class=\"_ _29\"></span>ha <span class=\"_ _2\"></span>inizio <span class=\"_ _29\"></span>l'influenza <span class=\"_ _29\"></span>notevole <span class=\"_ _29\"></span>o <span class=\"_ _28\"></span>il <span class=\"_ _29\"></span>controllo <span class=\"_ _2\"></span>congiunto <span class=\"_ _29\"></span>fino <span class=\"_ _29\"></span>alla <span class=\"_ _29\"></span>data <span class=\"_ _29\"></span>in <span class=\"_ _29\"></span>cui<span class=\"_ _5d\"> </span>detta <span class=\"_ _48\"> </span>influenza <span class=\"_ _8\"> </span>o <span class=\"_ _48\"> </span>controllo <span class=\"_ _48\"> </span>ce<span class=\"_ _2\"></span>ssano. <span class=\"_ _48\"> </span>Le <span class=\"_ _48\"> </span>rettifiche <span class=\"_ _8\"> </span>necessarie <span class=\"_ _48\"> </span>per <span class=\"_ _8\"> </span>l\u2019eliminazione <span class=\"_ _48\"> </span>dei <span class=\"_ _8\"> </span>margini<span class=\"_ _5d\"> </span>infragruppo <span class=\"_ _19\"> </span>non <span class=\"_ _25\"> </span>realiz<span class=\"_ _2\"></span>zati <span class=\"_ _25\"> </span>s<span class=\"_ _2\"></span>ono <span class=\"_ _19\"> </span><span class=\"ff7\">contabilizzate <span class=\"_ _19\"> </span>nell<span class=\"_ _1\"></span>a <span class=\"_ _19\"> </span>voce <span class=\"_ _25\"> </span>\u201cquote<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>risultato <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>partecipazioni<span class=\"_ _5d\"> </span></span>valutate <span class=\"_ _29\"></span>con <span class=\"_ _29\"></span>il <span class=\"_ _29\"></span>metodo <span class=\"_ _29\"></span>del <span class=\"_ _29\"></span>patrimonio <span class=\"_ _29\"></span>netto\u201d. <span class=\"_ _29\"></span>Quando <span class=\"_ _29\"></span>la <span class=\"_ _29\"></span>quota <span class=\"_ _29\"></span>delle <span class=\"_ _29\"></span>perdite <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>pertinenza <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>una<span class=\"_ _5d\"> </span>partecipazione contabilizzata con<span class=\"_ _23\"></span> il metodo del<span class=\"_ _23\"></span> patrimonio netto <span class=\"_ _1\"></span>eccede il<span class=\"_ _1\"></span> valore <span class=\"_ _23\"></span>conta<span class=\"_ _2\"></span>bile di detta<span class=\"_ _5d\"> </span>partecipata, <span class=\"_ _29\"></span>si <span class=\"_ _28\"></span>azzera <span class=\"_ _29\"></span>la <span class=\"_ _28\"></span>partecipazione <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>si <span class=\"_ _29\"></span>cessa <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>rilevare <span class=\"_ _28\"></span>la <span class=\"_ _29\"></span>quota <span class=\"_ _28\"></span>delle <span class=\"_ _29\"></span>ulteriori <span class=\"_ _29\"></span>perdite, <span class=\"_ _28\"></span>tranne<span class=\"_ _5d\"> </span>nei <span class=\"_ _22\"> </span>casi <span class=\"_ _22\"> </span>in <span class=\"_ _27\"></span>cui <span class=\"_ _22\"> </span>si <span class=\"_ _22\"> </span>siano <span class=\"_ _22\"> </span>contratte <span class=\"_ _27\"></span>obbligazi<span class=\"_ _2\"></span>oni <span class=\"_ _22\"> </span>legali <span class=\"_ _27\"></span>o <span class=\"_ _22\"> </span>implicite <span class=\"_ _22\"> </span>oppure <span class=\"_ _22\"> </span>siano <span class=\"_ _27\"></span>stati <span class=\"_ _22\"> </span>effettuati <span class=\"_ _22\"> </span>dei<span class=\"_ _5d\"> </span>pagamenti per conto della partecipata. Nel <span class=\"_ _25\"> </span>caso <span class=\"_ _19\"> </span>di <span class=\"_ _22\"> </span>assunzione <span class=\"_ _25\"> </span>del <span class=\"_ _25\"> </span>col<span class=\"_ _2\"></span>legamento <span class=\"_ _25\"> </span>in <span class=\"_ _25\"> </span>fasi <span class=\"_ _25\"> </span>s<span class=\"_ _2\"></span>uccessive <span class=\"_ _25\"> </span>il <span class=\"_ _25\"> </span>cos<span class=\"_ _2\"></span>to <span class=\"_ _25\"> </span>della <span class=\"_ _25\"> </span>partecipazione <span class=\"_ _25\"> </span>viene<span class=\"_ _5d\"> </span>misurato <span class=\"_ _2a\"></span>come <span class=\"_ _2a\"></span>sommatoria <span class=\"_ _2a\"></span>dei <span class=\"_ _27\"></span><span class=\"ffb\">fair <span class=\"_ _28\"></span>value<span class=\"_ _2\"></span></span> <span class=\"_ _2a\"></span>delle <span class=\"_ _28\"></span>interessenze <span class=\"_ _2a\"></span>precedentemente <span class=\"_ _2a\"></span>possedute <span class=\"_ _2a\"></span>e <span class=\"_ _2a\"></span>del <span class=\"_ _27\"></span><span class=\"ffb\">fair<span class=\"_ _5d\"> </span></span>value<span class=\"ff3\"> <span class=\"ff7\">dei corrispettivi <span class=\"_ _1\"></span>trasferiti alla <span class=\"_ _1\"></span>data in <span class=\"_ _1\"></span>cui la <span class=\"_ _23\"></span>pa<span class=\"_ _2\"></span>rtecipazione si<span class=\"_ _1\"></span> qualifica <span class=\"_ _1\"></span>come collegata. <span class=\"_ _1\"></span>L\u2019effetto<span class=\"_ _5d\"> </span></span></span>della <span class=\"_ _22\"> </span>rivalutazione <span class=\"_ _22\"> </span>del <span class=\"_ _25\"> </span>valore <span class=\"_ _27\"></span>di <span class=\"_ _25\"> </span>iscrizione <span class=\"_ _22\"> </span>delle <span class=\"_ _22\"> </span>quote <span class=\"_ _22\"> </span>prece<span class=\"_ _2\"></span>dentemente <span class=\"_ _22\"> </span>detenute <span class=\"_ _22\"> </span>viene <span class=\"_ _22\"> </span>rilevato<span class=\"_ _5d\"> </span>analogamente <span class=\"_ _2a\"></span>a <span class=\"_ _2a\"></span>qua<span class=\"_ _2\"></span>nto <span class=\"_ _28\"></span>s<span class=\"_ _2\"></span>tabilito <span class=\"_ _2a\"></span>nel <span class=\"_ _2a\"></span>caso <span class=\"_ _27\"></span>in <span class=\"_ _28\"></span>cui <span class=\"_ _27\"></span>fosse <span class=\"_ _2a\"></span>stata <span class=\"_ _27\"></span>dismess<span class=\"_ _1\"></span>a <span class=\"_ _2a\"></span>la <span class=\"_ _2a\"></span>pa<span class=\"_ _2\"></span>rtecipazione. <span class=\"_ _2a\"></span>Pertanto,<span class=\"_ _5d\"> </span>accertata l\u2019influ<span class=\"ff3\">enza signifi<span class=\"_ _1\"></span>cativa, il maggior <span class=\"ffb\">fair <span class=\"_ _1\"></span>value<span class=\"ff3\"> cumulato riconosciuto a <span class=\"_ _1\"></span>riserva di OCI, <span class=\"_ _1\"></span>viene<span class=\"_ _5d\"> </span></span></span></span>riclassificato tra gli utili portati a nuovo nel patrimonio netto.<span class=\"_ _5d\"> </span>Le <span class=\"_ _29\"></span>partecipazioni <span class=\"_ _28\"></span>in <span class=\"_ _29\"></span>collegate <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ono <span class=\"_ _29\"></span>sottoposte <span class=\"_ _28\"></span>a <span class=\"_ _29\"></span>un <span class=\"_ _28\"></span><span class=\"ffb\">test</span> <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>verifica <span class=\"_ _28\"></span>del <span class=\"_ _29\"></span>valore <span class=\"_ _29\"></span>recuperabile <span class=\"_ _28\"></span>qualora<span class=\"_ _5d\"> </span> emergano <span class=\"_ _2\"></span>indicatori <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>perdita <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>valore <span class=\"_ _29\"></span>rispetto <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>lutazione <span class=\"_ _2\"></span>col <span class=\"_ _29\"></span>metodo <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>patrimonio <span class=\"_ _29\"></span>netto<span class=\"_ _5d\"> </span> della collegata.  Il <span class=\"_ _1\"></span>valore recuperab<span class=\"_ _1\"></span>ile <span class=\"_ _23\"></span>\u00e8 il <span class=\"_ _1\"></span>maggiore tr<span class=\"_ _1\"></span>a il<span class=\"_ _1\"></span> <span class=\"ffb\">fair <span class=\"_ _23\"></span>value<span class=\"ff7\">, dedotti <span class=\"_ _23\"></span>i costi <span class=\"_ _23\"></span>di vendita, <span class=\"_ _23\"></span>di un\u2019attivit\u00e0 <span class=\"_ _23\"></span>e il <span class=\"_ _23\"></span>proprio<span class=\"_ _5d\"> </span></span></span><span class=\"ffb\"><span class=\"ff7\"> </span></span>valore d\u2019uso, definito in base al metodo dei flussi futuri di cassa attualizzati. <span class=\"ff3\"> </span>Nel <span class=\"_ _25\"> </span>determinare <span class=\"_ _25\"> </span>il <span class=\"_ _19\"> </span><span class=\"ffb\">fair <span class=\"_ _22\"> </span>value<span class=\"_ _2\"></span></span> <span class=\"_ _25\"> </span>al <span class=\"_ _25\"> </span>netto <span class=\"_ _25\"> </span>dei<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>costi <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>vendita <span class=\"_ _22\"> </span>delle <span class=\"_ _19\"> </span>coll<span class=\"_ _1\"></span>egate, <span class=\"_ _25\"> </span>vengono <span class=\"_ _25\"> </span>innanzitutto<span class=\"_ _5d\"> </span> considerati, <span class=\"_ _22\"> </span>se <span class=\"_ _25\"> </span>disponibili, <span class=\"_ _22\"> </span>i <span class=\"_ _22\"> </span>prezzi <span class=\"_ _22\"> </span>ufficia<span class=\"_ _2\"></span>li <span class=\"_ _22\"> </span>disponibili <span class=\"_ _22\"> </span>su <span class=\"_ _25\"> </span>mercati <span class=\"_ _22\"> </span>attivi. <span class=\"_ _25\"> </span>In <span class=\"_ _22\"> </span>alternativa <span class=\"_ _22\"> </span>ve<span class=\"_ _2\"></span>ngono<span class=\"_ _5d\"> </span> utilizzati <span class=\"_ _8\"> </span>adeguati <span class=\"_ _8\"> </span>modelli <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>valutazi<span class=\"_ _2\"></span>one. <span class=\"_ _48\"> </span>Tali <span class=\"_ _2c\"> </span>calcoli <span class=\"_ _8\"> </span>sono <span class=\"_ _8\"> </span>effettuati <span class=\"_ _8\"> </span>utilizzando <span class=\"_ _18\"> </span>opportuni<span class=\"_ _5d\"> </span> moltiplicatori <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>reddito, <span class=\"_ _19\"> </span>prezzi <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>titoli <span class=\"_ _19\"> </span>azionari <span class=\"_ _19\"> </span>pubblicamente <span class=\"_ _19\"> </span>negoziati <span class=\"_ _25\"> </span>riferibili <span class=\"_ _19\"> </span>ad <span class=\"_ _25\"> </span>imprese<span class=\"_ _5d\"> </span> similari, <span class=\"_ _26\"> </span>transazioni <span class=\"_ _48\"> </span>comparabili <span class=\"_ _26\"> </span>di <span class=\"_ _48\"> </span>attivit\u00e0 <span class=\"_ _26\"> </span>similari <span class=\"_ _26\"> </span>o <span class=\"_ _48\"> </span>altri <span class=\"_ _26\"> </span>indic<span class=\"_ _2\"></span>atori <span class=\"_ _26\"> </span>di <span class=\"_ _8\"> </span><span class=\"ffb\">fair <span class=\"_ _26\"> </span>value</span> <span class=\"_ _48\"> </span>disponibili,<span class=\"_ _5d\"> </span> appropriati per le attivit\u00e0 da valutare.<span class=\"_ _5d\"> </span> Nel <span class=\"_ _23\"></span>determinare il <span class=\"_ _23\"></span>valore <span class=\"_ _23\"></span>d\u2019us<span class=\"_ _2\"></span>o <span class=\"_ _23\"></span>delle<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>collegate <span class=\"_ _1\"></span>si <span class=\"_ _23\"></span>procede alla <span class=\"_ _23\"></span>stima <span class=\"_ _1\"></span>tenendo <span class=\"_ _23\"></span>conto <span class=\"_ _23\"></span>del valore <span class=\"_ _23\"></span>attuale<span class=\"_ _5d\"> </span> dei <span class=\"_ _23\"></span>flussi <span class=\"_ _1\"></span>finanziari <span class=\"_ _23\"></span>futuri <span class=\"_ _23\"></span>che <span class=\"_ _23\"></span>la <span class=\"_ _23\"></span>partecipazione <span class=\"_ _23\"></span>potr\u00e0 <span class=\"_ _23\"></span>generare, inc<span class=\"_ _23\"></span>lus<span class=\"_ _2\"></span>o <span class=\"_ _23\"></span>il <span class=\"_ _23\"></span>valore <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>dismissione final<span class=\"_ _23\"></span>e<span class=\"_ _5d\"> </span> dell\u2019investimento.<span class=\"_ _5d\"> </span><span class=\"ff3\"> </span>Ove <span class=\"_ _23\"></span>opportuno le <span class=\"_ _23\"></span>valutazioni <span class=\"_ _23\"></span>del va<span class=\"_ _1\"></span>lore <span class=\"_ _23\"></span>recupera<span class=\"_ _2\"></span>bile <span class=\"_ _23\"></span>sono <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ottoposte <span class=\"_ _23\"></span>ad <span class=\"_ _23\"></span>ana<span class=\"_ _2\"></span>lisi <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ensitivit\u00e0 <span class=\"_ _23\"></span>basata<span class=\"_ _5d\"> </span> sulla <span class=\"_ _27\"></span>variazione <span class=\"_ _2a\"></span>(negativa) <span class=\"_ _27\"></span>delle <span class=\"_ _2a\"></span>grandezze <span class=\"_ _27\"></span>economiche <span class=\"_ _2a\"></span>applica<span class=\"_ _2\"></span>te <span class=\"_ _2a\"></span>ai <span class=\"_ _27\"></span>multipli <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span>riferimento <span class=\"_ _2a\"></span>entro<span class=\"_ _5d\"> </span> intervalli ragionevoli.<span class=\"_ _5d\"> </span> Qualora <span class=\"_ _29\"></span>il <span class=\"_ _28\"></span>valore <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>recupero <span class=\"_ _29\"></span>risulti <span class=\"_ _28\"></span>inferiore <span class=\"_ _29\"></span>al <span class=\"_ _28\"></span>valore <span class=\"_ _28\"></span>contabile, <span class=\"_ _28\"></span>la <span class=\"_ _29\"></span>relativa <span class=\"_ _28\"></span>differenza <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _28\"></span>rilevata <span class=\"_ _29\"></span>a<span class=\"_ _5d\"> </span> conto economico.<span class=\"_ _5d\"> </span> Qualora, <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>un es<span class=\"_ _2\"></span>ercizio <span class=\"_ _2\"></span>successivo <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>quello <span class=\"_ _2\"></span>in cui<span class=\"_ _2\"></span> si <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>registrato <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>riduzione <span class=\"_ _2\"></span>durevole <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>valore,<span class=\"_ _5d\"> </span> si <span class=\"_ _24\"></span>verifica <span class=\"_ _23\"></span>una <span class=\"_ _24\"></span>variazione <span class=\"_ _23\"></span>delle <span class=\"_ _24\"></span>stime <span class=\"_ _24\"></span>utilizzate <span class=\"_ _23\"></span>per <span class=\"_ _24\"></span>la <span class=\"_ _23\"></span>determinazione <span class=\"_ _24\"></span>del <span class=\"_ _23\"></span>valore <span class=\"_ _24\"></span>recuperabile, <span class=\"_ _24\"></span>il <span class=\"_ _23\"></span>valore<span class=\"_ _5d\"> </span> contabile <span class=\"_ _23\"></span>della <span class=\"_ _24\"></span>pa<span class=\"_ _2\"></span>rtecipazione <span class=\"_ _24\"></span>sar\u00e0 <span class=\"_ _23\"></span>rivalutato <span class=\"_ _23\"></span>a <span class=\"_ _23\"></span>concorrenza <span class=\"_ _24\"></span>del <span class=\"_ _23\"></span>valore <span class=\"_ _23\"></span>recuperabile <span class=\"_ _23\"></span>e <span class=\"_ _23\"></span>la <span class=\"_ _23\"></span>rivalutazione<span class=\"_ _5d\"> </span> costituir\u00e0 una ripresa di valore. P<span class=\"fs6\">ARTECIPAZIONI VA<span class=\"_ _2\"></span>LUTATE A FVOCI </span><span class=\"fs6\"> </span>Gli <span class=\"_ _27\"></span>inves<span class=\"_ _2\"></span>timenti <span class=\"_ _27\"></span>in <span class=\"_ _27\"></span><span class=\"ffb\">equ<span class=\"_ _2\"></span>ity,</span> <span class=\"_ _27\"></span>costituiti <span class=\"_ _22\"> </span>generalmente <span class=\"_ _27\"></span>da <span class=\"_ _27\"></span>partecipazioni <span class=\"_ _22\"> </span>con <span class=\"_ _27\"></span>percentuale <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>possesso<span class=\"_ _5d\"> </span> inferiore <span class=\"_ _2a\"></span>al <span class=\"_ _27\"></span>20% <span class=\"_ _2a\"></span>che <span class=\"_ _27\"></span>non <span class=\"_ _2a\"></span>hanno <span class=\"_ _27\"></span>finalit\u00e0 <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span><span class=\"ffb\">trad<span class=\"_ _2\"></span>ing<span class=\"ff7\">, <span class=\"_ _2a\"></span>sec<span class=\"_ _2\"></span>ondo <span class=\"_ _2a\"></span>l\u2019opzione <span class=\"_ _27\"></span>prevista <span class=\"_ _2a\"></span>dall\u2019IFRS <span class=\"_ _2a\"></span>9, <span class=\"_ _27\"></span>sono<span class=\"_ _5d\"> </span></span></span><span class=\"ffb\"><span class=\"ff7\"> </span></span>contabilizzati registrando le variazioni di <span class=\"ffb\">fair value</span> <span class=\"lsa\">a </span><span class=\"ffb\">Other Comprehensive Income</span> (F<span class=\"_ _1\"></span>VOCI), quindi con<span class=\"_ _5d\"> </span> contropartita in una <span class=\"_ _23\"></span>rise<span class=\"_ _2\"></span>rva di patrimonio <span class=\"_ _23\"></span>netto. La contabilizzazione FVOCI degli inve<span class=\"_ _1\"></span>stimenti in<span class=\"_ _5d\"> </span> equity<span class=\"ff3\"> prevede al <span class=\"_ _2\"></span>momento della <span class=\"_ _2\"></span>vendita il </span>reversal<span class=\"ff3\"> da<span class=\"_ _2\"></span>lla riserva di <span class=\"_ _2\"></span></span>fair value<span class=\"ff3\"> maturata direttamente <span class=\"_ _2\"></span>ad<span class=\"_ _5d\"> </span></span><span class=\"ff3\"> </span>altre <span class=\"_ _23\"></span>riserve <span class=\"_ _23\"></span>del <span class=\"_ _23\"></span>patrimonio <span class=\"_ _23\"></span>netto. <span class=\"_ _23\"></span>Sono <span class=\"_ _23\"></span>quindi <span class=\"_ _23\"></span>imputati <span class=\"_ _23\"></span>a <span class=\"_ _23\"></span>conto <span class=\"_ _23\"></span>economico <span class=\"_ _1\"></span>i <span class=\"_ _24\"></span>dividendi <span class=\"_ _23\"></span>ricevuti <span class=\"_ _23\"></span>da<span class=\"_ _2\"></span>lle<span class=\"_ _5d\"> </span> partecipazioni.<span class=\"_ _5d\"> </span> Il <span class=\"ffb\">fair valu<span class=\"_ _2\"></span>e </span>viene identificato nel <span class=\"_ _2\"></span>caso delle partecipazioni quotate con <span class=\"_ _2\"></span>il valore di <span class=\"_ _2\"></span>borsa alla <span class=\"_ _2\"></span>data di chiusura <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>periodo <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>caso <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>partecipazioni <span class=\"_ _2\"></span>in s<span class=\"_ _2\"></span>ociet\u00e0 <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>quotate <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>stimato <span class=\"_ _2\"></span>sulla base di tecniche di <span class=\"_ _23\"></span>valuta<span class=\"_ _2\"></span>zione. Tali tecn<span class=\"_ _1\"></span>iche di valutazione comprendono il co<span class=\"_ _23\"></span>nfronto con i valori espressi <span class=\"_ _23\"></span>da <span class=\"_ _24\"></span>recenti <span class=\"_ _23\"></span>operazioni <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span>ssimilabili <span class=\"_ _24\"></span>e <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>altre <span class=\"_ _23\"></span>tecniche <span class=\"_ _24\"></span>valutative <span class=\"_ _23\"></span>che <span class=\"_ _24\"></span>si <span class=\"_ _23\"></span>basano <span class=\"_ _23\"></span>sostanzialmente sull\u2019analisi <span class=\"_ _24\"></span>della <span class=\"_ _24\"></span>capacit\u00e0 <span class=\"_ _23\"></span>della <span class=\"_ _24\"></span>partecipata <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>produrre <span class=\"_ _24\"></span>flussi <span class=\"_ _23\"></span>finanziari <span class=\"_ _24\"></span>futuri, <span class=\"_ _24\"></span>scontati <span class=\"_ _24\"></span>temporalmente per ri<span class=\"ff7\">flettere il costo del denaro rapportato al tempo ed i rischi specifici dell\u2019attivit\u00e0 svolta. </span> Gli <span class=\"_ _28\"></span>investimenti <span class=\"_ _28\"></span>in <span class=\"_ _28\"></span>strumenti <span class=\"_ _28\"></span>rappresentativi <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>capitale <span class=\"_ _28\"></span>che <span class=\"_ _29\"></span>non <span class=\"_ _2a\"></span>hanno <span class=\"_ _28\"></span>un <span class=\"_ _28\"></span>prezzo <span class=\"_ _28\"></span>quotato <span class=\"_ _28\"></span>in <span class=\"_ _28\"></span>un mercato regolamentato <span class=\"_ _2\"></span>e il cui <span class=\"_ _2\"></span><span class=\"ffb\">fa<span class=\"_ _2\"></span>ir value </span>non <span class=\"_ _2\"></span>pu\u00f2 essere va<span class=\"_ _2\"></span>lutato in modo <span class=\"_ _2\"></span>attendibile, sono <span class=\"_ _2\"></span>valutati al costo, eventualmente ridotto per perdite di valore.  La scelta tra le<span class=\"_ _2\"></span> suddette metodologie non \u00e8 opzionale, dove<span class=\"_ _2\"></span>ndo le stesse essere applicate in ordine gerarchico: \u00e8 attribuita assoluta priorit\u00e0 ai prezzi uff<span class=\"_ _1\"></span>iciali disponibili su mercati<span class=\"_ _23\"></span> a<span class=\"_ _2\"></span>ttivi (<span class=\"ffb\">effective market </span>quotes <span class=\"_ _29\"></span><span class=\"ff7\">\u2013<span class=\"ff3\"> <span class=\"_ _29\"></span>livello <span class=\"_ _29\"></span>1) <span class=\"_ _28\"></span>oppure <span class=\"_ _29\"></span>per <span class=\"_ _29\"></span>attivit\u00e0 <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span>passivit\u00e0 <span class=\"_ _29\"></span>misurate <span class=\"_ _29\"></span>sulla <span class=\"_ _29\"></span>base <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>tecniche <span class=\"_ _2\"></span>di <span class=\"_ _28\"></span>valutazione <span class=\"_ _29\"></span>che </span></span>prendono a <span class=\"_ _23\"></span>riferimento pa<span class=\"_ _1\"></span>rametri <span class=\"_ _1\"></span>osservabili <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ul mer<span class=\"_ _23\"></span>ca<span class=\"_ _2\"></span>to <span class=\"_ _1\"></span>(<span class=\"ffb\">comparable approaches <span class=\"_ _23\"></span><span class=\"ff7\">\u2013<span class=\"ff3\"> livello <span class=\"_ _1\"></span>2) <span class=\"_ _23\"></span>e priorit\u00e0 </span></span></span>pi\u00f9 <span class=\"_ _29\"></span>bassa <span class=\"_ _29\"></span>ad <span class=\"_ _29\"></span>attivit\u00e0 <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>passivit\u00e0 <span class=\"_ _2\"></span>il <span class=\"_ _28\"></span>cui <span class=\"_ _29\"></span><span class=\"ffb\">fair <span class=\"_ _29\"></span>value <span class=\"_ _29\"></span></span>\u00e8 <span class=\"_ _29\"></span>calcolato <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ulla <span class=\"_ _2\"></span>base <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>tecniche <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>valu<span class=\"_ _2\"></span>tazione <span class=\"_ _29\"></span>che<span class=\"_ _5d\"> </span> prendono a <span class=\"_ _23\"></span>riferimento parametri <span class=\"_ _23\"></span>non osservabili sul <span class=\"_ _23\"></span>mercato e quindi <span class=\"_ _23\"></span>maggiormente discrezionali (<span class=\"ffb\">market <span class=\"_ _2\"></span>model <span class=\"_ _29\"></span><span class=\"ff7\">\u2013</span></span> <span class=\"_ _29\"></span>livello <span class=\"_ _29\"></span>3). <span class=\"_ _29\"></span><span class=\"ff7\">L\u2019utilizzo <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>tecniche <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>valutazione <span class=\"_ _29\"></span>di <span class=\"_ _2\"></span>livello <span class=\"_ _29\"></span>3, <span class=\"_ _29\"></span>adottate <span class=\"_ _2\"></span>in <span class=\"_ _29\"></span>mancanza<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>di </span>adeguati <span class=\"_ _12\"> </span>parametri <span class=\"_ _19\"> </span>osservabili  sul <span class=\"_ _19\"> </span>mercato, <span class=\"_ _19\"> </span>si  rif<span class=\"_ _1\"></span>erisce <span class=\"_ _12\"> </span>principalmente <span class=\"_ _19\"> </span>a <span class=\"_ _12\"> </span>valutazioni  ba<span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ate <span class=\"_ _19\"> </span>su previsioni <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>flussi <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>cassa <span class=\"_ _28\"></span>e <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>risultati <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>conto <span class=\"_ _28\"></span>economico. <span class=\"_ _29\"></span>Tali <span class=\"_ _28\"></span>valutazioni <span class=\"_ _29\"></span>so<span class=\"_ _2\"></span>no <span class=\"_ _28\"></span>sottoposte <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span>d analisi <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>sensitivit\u00e0 <span class=\"_ _25\"> </span>basata <span class=\"_ _25\"> </span>s<span class=\"_ _2\"></span>ulla <span class=\"_ _19\"> </span>v<span class=\"_ _23\"></span>ariaz<span class=\"_ _2\"></span>ione <span class=\"_ _25\"> </span>(negativa) <span class=\"_ _25\"> </span>del<span class=\"_ _2\"></span>le <span class=\"_ _25\"> </span>grandezze <span class=\"_ _19\"> </span>economiche <span class=\"_ _25\"> </span>applicate <span class=\"_ _25\"> </span>ai multipli di riferimento entro intervalli ragionevoli. C<span class=\"fs6\">REDITI FINANZIARI VALUT<span class=\"_ _2\"></span>ATI AL COSTO AMMORTIZZAT<span class=\"_ _2\"></span>O </span>Si <span class=\"_ _2\"></span>tratta <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>attivit\u00e0 <span class=\"_ _29\"></span>finanziarie <span class=\"_ _2\"></span>acquisite <span class=\"_ _29\"></span>dalla <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _2\"></span>con <span class=\"_ _29\"></span>lo <span class=\"_ _29\"></span>scopo <span class=\"_ _29\"></span>di <span class=\"_ _2\"></span>detenerle <span class=\"_ _2\"></span>fino <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>scadenza <span class=\"_ _29\"></span>per incassarne <span class=\"_ _1\"></span>i <span class=\"_ _23\"></span>relativi intere<span class=\"_ _23\"></span>ssi, le <span class=\"_ _23\"></span>cui <span class=\"_ _23\"></span>eventuali vendite <span class=\"_ _24\"></span>costituiscono eventi <span class=\"_ _23\"></span>incidentali. <span class=\"_ _23\"></span>Queste att<span class=\"_ _1\"></span>ivit\u00e0 finanziarie sono valutate al costo ammortizzato. A<span class=\"fs6\">TTIVIT\u00c0 FINANZIARIE VALUTA<span class=\"_ _2\"></span>TE A FVTPL </span>Le <span class=\"_ _8\"> </span>attivit\u00e0 <span class=\"_ _8\"> </span>finanziarie, <span class=\"_ _8\"> </span>generalmente <span class=\"_ _8\"> </span>prestiti <span class=\"_ _8\"> </span>convertibili, <span class=\"_ _8\"> </span>che <span class=\"_ _8\"> </span>generano <span class=\"_ _8\"> </span>flussi <span class=\"_ _2c\"> </span>finanziari <span class=\"_ _48\"> </span>che prevedono <span class=\"_ _19\"> </span>l\u2019attribuzione <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>azioni <span class=\"_ _19\"> </span>e/o <span class=\"_ _25\"> </span>comprendono <span class=\"_ _19\"> </span>derivati <span class=\"_ _19\"> </span>impliciti <span class=\"_ _19\"> </span>relativi <span class=\"_ _19\"> </span>alle <span class=\"_ _19\"> </span>clausole <span class=\"_ _19\"> </span>di conversione  s<span class=\"_ _2\"></span>ono  va<span class=\"_ _2\"></span>lutate  a <span class=\"_ _26\"> </span><span class=\"ffb\">fa<span class=\"_ _2\"></span>ir  value<span class=\"_ _2\"></span></span>  con <span class=\"_ _26\"> </span>le <span class=\"_ _21\"> </span>relative <span class=\"_ _26\"> </span>variazioni <span class=\"_ _26\"> </span>di  va<span class=\"_ _2\"></span>lore  imputate <span class=\"_ _26\"> </span>a <span class=\"_ _21\"> </span>conto economico.  Gli investimenti <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span><span class=\"ffb\">equity</span> <span class=\"_ _2\"></span>aventi <span class=\"_ _2\"></span>finalit\u00e0 di <span class=\"_ _2\"></span>impiego <span class=\"_ _2\"></span>tempor<span class=\"_ _1\"></span>aneo <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>liquidit\u00e0 sono valutati <span class=\"_ _2\"></span>a <span class=\"_ _29\"></span><span class=\"ffb\">fair value</span> con le relative variazioni di valore imputate a conto economico. S<span class=\"fs6\">TRUMENTI DERIVATI </span>Gli <span class=\"_ _29\"></span>strumenti <span class=\"_ _28\"></span>derivati <span class=\"_ _28\"></span>non <span class=\"_ _29\"></span>incorporati <span class=\"_ _28\"></span>in <span class=\"_ _28\"></span>altri <span class=\"_ _29\"></span>stru<span class=\"_ _2\"></span>menti <span class=\"_ _29\"></span>finanzia<span class=\"_ _2\"></span>ri <span class=\"_ _29\"></span>sono <span class=\"_ _28\"></span>valutati <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span><span class=\"ffb\">fair <span class=\"_ _29\"></span>value<span class=\"_ _2\"></span></span> <span class=\"_ _29\"></span>con <span class=\"_ _28\"></span>le<span class=\"_ _2\"></span> variazioni di valore imputate direttamente a conto economico.  A<span class=\"fs6\">TTIVIT\u00c0 FINANZIARIE CORRENTI VALUTA<span class=\"_ _2\"></span>TE A FVOCI </span><span class=\"fs6\"> </span>Le attivit\u00e0 finanziarie correnti valutate a FVOCI sono attivit\u00e0 finanziarie non derivate costituite da<span class=\"_ _5d\"> </span><span class=\"_ _1\"></span> investimenti <span class=\"_ _27\"></span>effettuati <span class=\"_ _2a\"></span>in <span class=\"_ _27\"></span>titoli <span class=\"_ _27\"></span>obbligazionari <span class=\"_ _27\"></span>che <span class=\"_ _27\"></span>costituiscono <span class=\"_ _27\"></span>impieghi <span class=\"_ _2a\"></span>temporanei<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span>liquidit\u00e0<span class=\"_ _5d\"> </span> realizzati <span class=\"_ _24\"></span>secondo <span class=\"_ _24\"></span>un <span class=\"_ _23\"></span>modello <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span><span class=\"ffb\">business<span class=\"ff3\"> <span class=\"_ _24\"></span><span class=\"ff7\">che <span class=\"_ _24\"></span>prevede <span class=\"_ _24\"></span>l\u2019incasso <span class=\"_ _23\"></span>dei <span class=\"_ _24\"></span>relativi <span class=\"_ _24\"></span>flussi <span class=\"_ _24\"></span>finanziari <span class=\"_ _23\"></span>e <span class=\"_ _24\"></span>la <span class=\"_ _24\"></span>vendita<span class=\"_ _5d\"> </span></span></span></span><span class=\"ffb\"><span class=\"ff3\"><span class=\"ff7\"> </span></span></span>delle stesse obbligazioni al momento opportuno. I flussi finanziari di tali strumenti finanzia<span class=\"_ _2\"></span>ri sono<span class=\"_ _5d\"> </span> costituiti unicamente da interessi e capitale.  Sono <span class=\"_ _2\"></span>valutate <span class=\"_ _2\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>FVOCI <span class=\"_ _2\"></span>contabilizzando <span class=\"_ _2\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>riserva <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>le <span class=\"_ _29\"></span>variazioni <span class=\"_ _2\"></span>di <span class=\"_ _28\"></span><span class=\"ffb\">fair <span class=\"_ _29\"></span>value</span> <span class=\"_ _2\"></span>dei<span class=\"_ _5d\"> </span> titoli <span class=\"_ _24\"></span>fino <span class=\"_ _24\"></span>alla<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>data <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>dismissione<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>contabilizzando <span class=\"_ _24\"></span>a <span class=\"_ _23\"></span>conto <span class=\"_ _24\"></span>economico <span class=\"_ _24\"></span>gli <span class=\"_ _23\"></span>interessi <span class=\"_ _24\"></span>attivi <span class=\"_ _23\"></span>e <span class=\"_ _24\"></span>le <span class=\"_ _23\"></span>eventuali<span class=\"_ _5d\"> </span> svalutazioni. <span class=\"_ _25\"> </span>Al <span class=\"_ _25\"> </span>momento <span class=\"_ _25\"> </span>dell\u2019eventuale <span class=\"_ _25\"> </span>vendita <span class=\"_ _25\"> </span>totale <span class=\"_ _25\"> </span>o <span class=\"_ _25\"> </span>parziale <span class=\"_ _25\"> </span>l\u2019utile/perdita <span class=\"_ _22\"> </span>cumula<span class=\"_ _2\"></span>ta <span class=\"_ _22\"> </span>nel<span class=\"_ _2\"></span>la<span class=\"_ _5d\"> </span> riserva da valutazione viene riversata, in tutto o in parte, a conto economico.<span class=\"_ _5d\"> </span> Gli acquisti e le vendite di titoli vengono rilevati ed eliminati alla data di regolamento.  C<span class=\"fs6\">REDITI COMMERCIALI <span class=\"_ _2\"></span> </span>I <span class=\"_ _48\"> </span>crediti <span class=\"_ _8\"> </span>sono <span class=\"_ _8\"> </span>iscritti <span class=\"_ _8\"> </span>al <span class=\"_ _8\"> </span><span class=\"ffb\">fa<span class=\"_ _2\"></span>ir <span class=\"_ _48\"> </span>value <span class=\"_ _8\"> </span></span>e <span class=\"_ _8\"> </span>succ<span class=\"_ _2\"></span>essivamente <span class=\"_ _48\"> </span>valutati <span class=\"_ _8\"> </span>al <span class=\"_ _8\"> </span>costo <span class=\"_ _48\"> </span>a<span class=\"_ _2\"></span>mmortizzato. <span class=\"_ _48\"> </span>Sono eventualmente rettificati per le somme ritenute inesigibili.  D<span class=\"fs6\">ISPONIBILIT\u00c0 LIQUIDE E ME<span class=\"_ _2\"></span>ZZI EQUIVALENTI<span class=\"_ _2\"></span> </span>Le <span class=\"_ _29\"></span>disponibili<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _29\"></span>liquide <span class=\"_ _28\"></span>e <span class=\"_ _29\"></span>mez<span class=\"_ _2\"></span>zi <span class=\"_ _29\"></span>equivalenti <span class=\"_ _28\"></span>comprendono <span class=\"_ _29\"></span>i <span class=\"_ _28\"></span>valori <span class=\"_ _28\"></span>numerari, <span class=\"_ _28\"></span>ossia <span class=\"_ _28\"></span>quei <span class=\"_ _29\"></span>va<span class=\"_ _2\"></span>lori <span class=\"_ _29\"></span>che possiedono <span class=\"_ _29\"></span>i <span class=\"_ _29\"></span>requisiti <span class=\"_ _29\"></span>del<span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>dis<span class=\"_ _2\"></span>ponibilit\u00e0 <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>vista <span class=\"_ _29\"></span>o <span class=\"_ _28\"></span>a <span class=\"_ _2\"></span>brevis<span class=\"_ _2\"></span>simo <span class=\"_ _29\"></span>termine <span class=\"_ _29\"></span>(entro <span class=\"_ _29\"></span>tre <span class=\"_ _29\"></span>mesi), <span class=\"_ _29\"></span>del <span class=\"_ _28\"></span>buon esito <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span>dell\u2019assenza <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>pese <span class=\"_ _29\"></span>per <span class=\"_ _28\"></span>la <span class=\"_ _29\"></span>riscossione. <span class=\"_ _28\"></span>Le <span class=\"_ _29\"></span>oper<span class=\"_ _2\"></span><span class=\"ff3\">azioni <span class=\"_ _28\"></span>finanziarie <span class=\"_ _29\"></span>sono <span class=\"_ _29\"></span>rilev<span class=\"_ _2\"></span>ate <span class=\"_ _29\"></span>alla <span class=\"_ _28\"></span>data <span class=\"_ _29\"></span>di </span>regolamento.<span class=\"_ _5d\"> </span>Ai  fini  del <span class=\"_ _19\"> </span>Rendiconto  Finanziario,  le<span class=\"_ _23\"></span>  disponibilit\u00e0  monetarie  nette <span class=\"_ _19\"> </span>s<span class=\"_ _2\"></span>ono <span class=\"_ _12\"> </span>rappresentate  dalle<span class=\"_ _1\"></span> disponibilit\u00e0 <span class=\"_ _29\"></span>liquide <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>mezzi <span class=\"_ _28\"></span>equivalenti <span class=\"_ _29\"></span>al <span class=\"_ _29\"></span>netto <span class=\"_ _29\"></span>degli <span class=\"_ _29\"></span>scope<span class=\"_ _2\"></span>rti <span class=\"_ _29\"></span>bancari <span class=\"_ _29\"></span>alla <span class=\"_ _29\"></span>data <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>riferimento <span class=\"_ _29\"></span>del prospetto contabile.  D<span class=\"fs6\">EBITI COMMERCIALI E FINANZ<span class=\"_ _2\"></span>IARI  </span>I <span class=\"_ _19\"> </span>debiti <span class=\"_ _19\"> </span>commerciali <span class=\"_ _19\"> </span>sono <span class=\"_ _19\"> </span>iscritti <span class=\"_ _19\"> </span>inizialmente <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span><span class=\"ffb\">fair <span class=\"_ _19\"> </span>value <span class=\"_ _19\"> </span></span>e <span class=\"_ _19\"> </span>valutati <span class=\"_ _19\"> </span>successivamente <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span>costo<span class=\"_ _1\"></span> ammortizzato.  Le <span class=\"_ _28\"></span>passivit\u00e0 <span class=\"_ _28\"></span>finanziarie <span class=\"_ _28\"></span>sono <span class=\"_ _28\"></span>rilevate <span class=\"_ _28\"></span>ed <span class=\"_ _2a\"></span>esposte <span class=\"_ _29\"></span>al <span class=\"_ _28\"></span>costo <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>mmortizzato <span class=\"_ _28\"></span>utilizzando <span class=\"_ _28\"></span>il <span class=\"_ _28\"></span>metodo <span class=\"_ _28\"></span>del tasso di interesse effettivo.  B<span class=\"fs6\">ENEFICI PER I DIPENDENTI <span class=\"_ _2\"></span>E COSTI DEL PERSONALE <span class=\"_ _2\"></span> </span>I <span class=\"_ _19\"> </span>benefici <span class=\"_ _25\"> </span>garantiti <span class=\"_ _19\"> </span>ai <span class=\"_ _19\"> </span>dipendenti <span class=\"_ _25\"> </span>eroga<span class=\"_ _2\"></span>ti <span class=\"_ _19\"> </span>in <span class=\"_ _25\"> </span>coincidenza <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>suc<span class=\"_ _1\"></span>cessivamente <span class=\"_ _25\"> </span>a<span class=\"_ _2\"></span>lla <span class=\"_ _19\"> </span>cessazione <span class=\"_ _25\"> </span>del rapporto <span class=\"_ _19\"> </span>di  lavoro <span class=\"_ _19\"> </span>attraverso <span class=\"_ _19\"> </span>programmi  a <span class=\"_ _19\"> </span>benefici <span class=\"_ _19\"> </span>definiti <span class=\"_ _12\"> </span>sono <span class=\"_ _12\"> </span>riconosciuti <span class=\"_ _19\"> </span>nel <span class=\"_ _19\"> </span>periodo  di<span class=\"_ _5d\"> </span> maturazione <span class=\"_ _1\"></span>del <span class=\"_ _23\"></span>diritto. <span class=\"_ _23\"></span>La passivit\u00e0 <span class=\"_ _23\"></span>relativa <span class=\"_ _23\"></span>ai programmi <span class=\"_ _24\"></span>a benefici <span class=\"_ _23\"></span>definiti, al <span class=\"_ _24\"></span>netto delle <span class=\"_ _23\"></span>eventuali<span class=\"_ _5d\"> </span> attivit\u00e0 <span class=\"_ _24\"></span>al <span class=\"_ _23\"></span>servizio <span class=\"_ _24\"></span>del <span class=\"_ _24\"></span>pia<span class=\"_ _2\"></span>no, <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _24\"></span>determinata <span class=\"_ _23\"></span>sulla <span class=\"_ _24\"></span>base <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>ipotesi <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span>ttuariali <span class=\"_ _24\"></span>ed <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _23\"></span>rilevata <span class=\"_ _24\"></span>per <span class=\"_ _23\"></span>competenza<span class=\"_ _5d\"> </span> coerentemente <span class=\"_ _2a\"></span>alle <span class=\"_ _28\"></span>pres<span class=\"_ _2\"></span>tazioni <span class=\"_ _28\"></span>di <span class=\"_ _27\"></span>lavoro <span class=\"_ _28\"></span>necessarie <span class=\"_ _2a\"></span>per <span class=\"_ _2a\"></span>l\u2019ottenimento <span class=\"_ _2a\"></span>dei <span class=\"_ _2a\"></span>benefici; <span class=\"_ _28\"></span>la <span class=\"_ _2a\"></span>va<span class=\"_ _2\"></span>lutazione<span class=\"_ _5d\"> </span><span class=\"_ _1\"></span> della passivit\u00e0 \u00e8 effettuata da attuari indipendenti.  La <span class=\"_ _2a\"></span>Societ\u00e0 <span class=\"_ _28\"></span>riconosce <span class=\"_ _2a\"></span>benefici <span class=\"_ _2a\"></span>addizionali <span class=\"_ _2a\"></span>ad <span class=\"_ _2a\"></span>alcuni <span class=\"_ _28\"></span>dipe<span class=\"_ _2\"></span>ndenti <span class=\"_ _28\"></span>attraverso <span class=\"_ _2a\"></span>piani <span class=\"_ _2a\"></span>di <span class=\"_ _2a\"></span>incentivazione.<span class=\"_ _5d\"> </span> Attualmente sono in essere un piano di <span class=\"ffb\">stock option </span>e un piano di <span class=\"ffb\">performance shares. </span><span class=\"ffb\"> </span>Secondo <span class=\"_ _22\"> </span>quanto <span class=\"_ _22\"> </span>stabilito <span class=\"_ _27\"></span>da<span class=\"_ _2\"></span>ll\u2019IFRS <span class=\"_ _22\"> </span>2 <span class=\"_ _22\"> </span>\u2013<span class=\"ff3\"> <span class=\"_ _22\"> </span><span class=\"ffb\">Pagamenti <span class=\"_ _22\"> </span>basati <span class=\"_ _22\"> </span>su <span class=\"_ _22\"> </span>azioni <span class=\"_ _22\"> </span></span></span>\u2013<span class=\"ff3\"> <span class=\"_ _22\"> </span>tali <span class=\"_ _22\"> </span>piani <span class=\"_ _22\"> </span>rappresentano <span class=\"_ _22\"> </span>una<span class=\"_ _5d\"> </span></span><span class=\"ff3\"> </span>componente <span class=\"_ _29\"></span>della <span class=\"_ _29\"></span>retribuzione <span class=\"_ _29\"></span>dei <span class=\"_ _29\"></span>beneficiari <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>prevedono <span class=\"_ _29\"></span>la <span class=\"_ _29\"></span>modalit\u00e0 <span class=\"_ _29\"></span>del <span class=\"_ _28\"></span><span class=\"ff15\">\u201cequity <span class=\"_ _29\"></span>settlement\u201d <span class=\"_ _29\"></span></span>come<span class=\"_ _5d\"> </span> da <span class=\"_ _28\"></span>regolamento. <span class=\"_ _2a\"></span>Pertanto <span class=\"_ _2a\"></span>il <span class=\"_ _28\"></span>cos<span class=\"_ _2\"></span>to <span class=\"_ _28\"></span>relativo <span class=\"_ _2a\"></span>\u00e8 <span class=\"_ _28\"></span>rappres<span class=\"_ _2\"></span>entato <span class=\"_ _28\"></span>dal <span class=\"_ _27\"></span><span class=\"ffb\">fair <span class=\"_ _28\"></span>valu<span class=\"_ _2\"></span>e <span class=\"_ _28\"></span></span>degli <span class=\"_ _2a\"></span>strumenti <span class=\"_ _28\"></span>finanzia<span class=\"_ _2\"></span>ri<span class=\"_ _5d\"> </span> attribuiti<span class=\"ffb\"> <span class=\"_ _29\"></span></span>alla <span class=\"_ _29\"></span>data <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>assegnazione <span class=\"_ _2\"></span>ed <span class=\"_ _28\"></span>\u00e8 <span class=\"_ _29\"></span>rilevato <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>conto <span class=\"_ _29\"></span>economico <span class=\"_ _29\"></span>lungo <span class=\"_ _29\"></span>il <span class=\"_ _29\"></span>periodo <span class=\"_ _29\"></span>intercorrente<span class=\"_ _5d\"> </span> tra <span class=\"_ _28\"></span>la <span class=\"_ _2a\"></span>data <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>asseg<span class=\"_ _2\"></span>nazione <span class=\"_ _28\"></span>e <span class=\"_ _28\"></span>quella <span class=\"_ _2a\"></span>della <span class=\"_ _28\"></span>maturazione <span class=\"_ _28\"></span>con <span class=\"_ _2a\"></span>contropartita <span class=\"_ _28\"></span>a <span class=\"_ _2a\"></span>patrimonio <span class=\"_ _28\"></span>netto. <span class=\"_ _28\"></span>Una<span class=\"_ _5d\"> </span> quota <span class=\"_ _25\"> </span>del <span class=\"_ _25\"> </span>piano <span class=\"_ _25\"> </span>ha <span class=\"_ _25\"> </span>avuto <span class=\"_ _25\"> </span>modalit\u00e0 <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>esercizio <span class=\"_ _19\"> </span><span class=\"ff15\">\u201ccash <span class=\"_ _22\"> </span>settlement\u201d <span class=\"_ _25\"> </span></span>come<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>da <span class=\"_ _25\"> </span>regolamento, <span class=\"_ _19\"> </span>i<span class=\"_ _23\"></span>l <span class=\"_ _19\"> </span>co<span class=\"_ _1\"></span>sto<span class=\"_ _5d\"> </span> relativo, <span class=\"_ _23\"></span>rappresentato <span class=\"_ _24\"></span>dal <span class=\"_ _24\"></span>corris<span class=\"_ _2\"></span>pettivo <span class=\"_ _24\"></span>eroga<span class=\"_ _2\"></span>to, <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _24\"></span>s<span class=\"_ _2\"></span>tato <span class=\"_ _24\"></span>rilevato <span class=\"_ _23\"></span>a <span class=\"_ _24\"></span>conto <span class=\"_ _23\"></span>economico <span class=\"_ _24\"></span>lung<span class=\"_ _2\"></span>o <span class=\"_ _24\"></span>il <span class=\"_ _23\"></span>periodo<span class=\"_ _5d\"> </span> intercorrente tra <span class=\"_ _1\"></span>la data <span class=\"_ _1\"></span>di assegnazione <span class=\"_ _23\"></span>e quella della <span class=\"_ _23\"></span>maturazione<span class=\"_ _2\"></span> con <span class=\"_ _23\"></span>contropartita una riduzione<span class=\"_ _5d\"> </span> delle disponibilit\u00e0 liquide.<span class=\"_ _5d\"> </span> Al <span class=\"_ _2\"></span>momento <span class=\"_ _2\"></span>dell\u2019esercizio <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>opzi<span class=\"_ _2\"></span>oni <span class=\"_ _2\"></span><span class=\"ff15\">\u201cequity <span class=\"_ _2\"></span>settled\u201d<span class=\"ff3\"> <span class=\"_ _29\"></span>da <span class=\"_ _2\"></span>parte <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>bene<span class=\"_ _2\"></span>ficiari con <span class=\"_ _2\"></span>il <span class=\"_ _29\"></span>trasferimento<span class=\"_ _5d\"> </span></span></span><span class=\"ff15\"><span class=\"ff3\"> </span></span>di azioni proprie <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span> fronte <span class=\"_ _1\"></span>della liquidit\u00e0 ricevuta <span class=\"_ _23\"></span>viene stornata la riserva <span class=\"_ _23\"></span>per piani di <span class=\"ffb\">stock option</span> per<span class=\"_ _5d\"> </span> la <span class=\"_ _2a\"></span>quota <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>ttribuibile <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>lle <span class=\"_ _28\"></span>opzioni <span class=\"_ _2a\"></span>esercitate, <span class=\"_ _2a\"></span>viene <span class=\"_ _2a\"></span>stornata <span class=\"_ _2a\"></span>la <span class=\"_ _2a\"></span>riserva <span class=\"_ _2a\"></span>per <span class=\"_ _28\"></span>azi<span class=\"_ _2\"></span>oni <span class=\"_ _28\"></span>proprie <span class=\"_ _2a\"></span>in <span class=\"_ _2a\"></span>base <span class=\"_ _2a\"></span>al<span class=\"_ _5d\"> </span> costo <span class=\"_ _26\"> </span>medio <span class=\"_ _26\"> </span>delle <span class=\"_ _21\"> </span>azioni <span class=\"_ _26\"> </span>cedute <span class=\"_ _26\"> </span>e <span class=\"_ _26\"> </span>viene <span class=\"_ _21\"> </span>rilev<span class=\"_ _2\"></span>ato  il <span class=\"_ _48\"> </span>differenziale <span class=\"_ _21\"> </span>residuo <span class=\"_ _26\"> </span>quale <span class=\"_ _48\"> </span><span class=\"ffb\">plus-m<span class=\"_ _2\"></span>inus</span>  su<span class=\"_ _5d\"> </span> negoziazione <span class=\"_ _25\"> </span>azioni <span class=\"_ _25\"> </span>proprie <span class=\"_ _25\"> </span>con <span class=\"_ _25\"> </span>contropartita <span class=\"_ _25\"> </span>la<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>riserva <span class=\"_ _22\"> </span>s<span class=\"_ _2\"></span>ovrapprezzo <span class=\"_ _25\"> </span>azioni, <span class=\"_ _25\"> </span>secondo <span class=\"_ _25\"> </span>la <span class=\"_ _19\"> </span><span class=\"ffb\">policy<span class=\"_ _5d\"> </span></span> contabile adottata.<span class=\"_ _5d\"> </span> Analogamente al momento del <span class=\"_ _2\"></span>trasferimento di azioni proprie corrispondenti al<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span><span class=\"ffb\">performance shares<span class=\"_ _5d\"> </span></span> maturate <span class=\"_ _2a\"></span>viene <span class=\"_ _27\"></span>stornata <span class=\"_ _28\"></span>la <span class=\"_ _27\"></span>riserva <span class=\"_ _2a\"></span>per <span class=\"_ _2a\"></span>piani <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span><span class=\"ffb\">performance <span class=\"_ _28\"></span>sha<span class=\"_ _2\"></span>res</span> <span class=\"_ _2a\"></span>per <span class=\"_ _27\"></span>la <span class=\"_ _2a\"></span>quota <span class=\"_ _28\"></span>attribuibile <span class=\"_ _27\"></span>alle <span class=\"_ _2a\"></span><span class=\"ffb\">un<span class=\"_ _2\"></span>its<span class=\"_ _5d\"> </span></span> esercitate <span class=\"_ _2\"></span>e quindi <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>azioni trasferite, <span class=\"_ _2\"></span>viene <span class=\"_ _2\"></span>stornata <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>riserva per <span class=\"_ _2\"></span>azioni <span class=\"_ _2\"></span>proprie in <span class=\"_ _2\"></span>base <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>costo<span class=\"_ _5d\"> </span> medio <span class=\"_ _29\"></span>delle <span class=\"_ _29\"></span>azioni <span class=\"_ _29\"></span>cedute <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>viene <span class=\"_ _28\"></span>rilevato <span class=\"_ _29\"></span>il <span class=\"_ _29\"></span>differenziale <span class=\"_ _29\"></span>residuo <span class=\"_ _29\"></span>quale <span class=\"_ _28\"></span><span class=\"ffb\">plus-minus</span> <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>u <span class=\"_ _29\"></span>negoziazione<span class=\"_ _5d\"> </span> azioni proprie <span class=\"_ _23\"></span>con contropartita la <span class=\"_ _23\"></span>riserva sovrapprezzo <span class=\"_ _1\"></span>azioni, secondo <span class=\"_ _23\"></span>la <span class=\"ffb\">policy</span> contabile <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>dottata. A<span class=\"fs6\">ZIONI PROPRIE  </span>Le <span class=\"_ _2\"></span>azioni <span class=\"_ _2\"></span>proprie <span class=\"_ _29\"></span>possedute <span class=\"_ _2\"></span>dalla <span class=\"_ _29\"></span>capogruppo <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>iscritte <span class=\"_ _29\"></span>a <span class=\"_ _2\"></span>riduzione <span class=\"_ _2\"></span>del <span class=\"_ _29\"></span>patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>nella<span class=\"_ _2\"></span> riserva negativa per azioni proprie. Il costo originario delle azioni proprie ed i ricavi derivanti da<span class=\"_ _2\"></span>lle<span class=\"_ _5d\"> </span> eventuali <span class=\"_ _19\"> </span>vendite <span class=\"_ _19\"> </span>successive <span class=\"_ _19\"> </span>sono <span class=\"_ _12\"> </span>rilevati <span class=\"_ _19\"> </span>come <span class=\"_ _19\"> </span>movimenti <span class=\"_ _12\"> </span>di <span class=\"_ _19\"> </span>patrimonio <span class=\"_ _19\"> </span>netto <span class=\"_ _19\"> </span>imputando  il differenziale <span class=\"_ _52\"> </span>quale <span class=\"_ _4b\"> </span><span class=\"ffb\">plus-minus</span> <span class=\"_ _52\"> </span>su <span class=\"_ _4b\"> </span>negoziazione <span class=\"_ _4b\"> </span>a<span class=\"_ _2\"></span>zioni <span class=\"_ _4b\"> </span>proprie <span class=\"_ _52\"> </span>con <span class=\"_ _4b\"> </span>contropartita <span class=\"_ _52\"> </span>la <span class=\"_ _4b\"> </span>rise<span class=\"_ _2\"></span>rva sovrapprezzo azioni, secondo la <span class=\"ffb\">policy</span> contabile adottata.  R<span class=\"fs6\">ICAVI  </span>I <span class=\"_ _22\"> </span>ricavi <span class=\"_ _22\"> </span>sono <span class=\"_ _22\"> </span>rilevati <span class=\"_ _22\"> </span>nel <span class=\"_ _22\"> </span>momento <span class=\"_ _22\"> </span>in <span class=\"_ _25\"> </span>cui <span class=\"_ _22\"> </span>il <span class=\"_ _22\"> </span>cliente <span class=\"_ _22\"> </span>acquisisce <span class=\"_ _22\"> </span>il <span class=\"_ _22\"> </span>controllo <span class=\"_ _22\"> </span>sui <span class=\"_ _22\"> </span>servizi <span class=\"_ _22\"> </span>prestati <span class=\"_ _22\"> </span>e, conseguentemente, <span class=\"_ _23\"></span>quando <span class=\"_ _23\"></span>lo <span class=\"_ _23\"></span>stess<span class=\"_ _2\"></span>o <span class=\"_ _23\"></span>ha <span class=\"_ _23\"></span>la <span class=\"_ _1\"></span>capacit\u00e0 <span class=\"_ _23\"></span>di <span class=\"_ _24\"></span>dirige<span class=\"_ _2\"></span>rne <span class=\"_ _23\"></span>l\u2019uso <span class=\"_ _23\"></span>e ott<span class=\"_ _1\"></span>enerne <span class=\"_ _23\"></span>i <span class=\"_ _23\"></span>benefici.<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>Nel <span class=\"_ _23\"></span>cas<span class=\"_ _2\"></span>o in <span class=\"_ _23\"></span>cui il <span class=\"_ _23\"></span>contratto <span class=\"_ _1\"></span>prevede <span class=\"_ _23\"></span>una parte <span class=\"_ _23\"></span>del <span class=\"_ _23\"></span>corrispettivo variabile <span class=\"_ _23\"></span>in b<span class=\"_ _1\"></span>ase <span class=\"_ _23\"></span>al verifica<span class=\"_ _23\"></span>rsi<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>o meno <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>lcuni eventi <span class=\"_ _28\"></span>futuri, <span class=\"_ _28\"></span>la <span class=\"_ _28\"></span>stima <span class=\"_ _29\"></span>del<span class=\"_ _2\"></span>la <span class=\"_ _29\"></span>parte <span class=\"_ _2a\"></span>variabile <span class=\"_ _29\"></span>viene <span class=\"_ _28\"></span>inclusa <span class=\"_ _28\"></span>nei <span class=\"_ _28\"></span>ricavi <span class=\"_ _28\"></span>solo <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>e <span class=\"_ _29\"></span>il <span class=\"_ _2a\"></span>loro <span class=\"_ _29\"></span>verificarsi <span class=\"_ _2a\"></span>risulta<span class=\"_ _1\"></span> altamente probabile. In caso di transazioni che<span class=\"_ _1\"></span> prevedono la prestazione cont<span class=\"_ _1\"></span>estuale di pi\u00f9 servizi, il <span class=\"_ _28\"></span>prezzo <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>vendita <span class=\"_ _28\"></span>\u00e8 <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span>llocato <span class=\"_ _29\"></span>in <span class=\"_ _2a\"></span>base <span class=\"_ _29\"></span>al <span class=\"_ _28\"></span>prezzo <span class=\"_ _28\"></span>che <span class=\"_ _28\"></span>la <span class=\"_ _28\"></span>societ\u00e0 <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span>pplicherebbe <span class=\"_ _29\"></span>ai <span class=\"_ _28\"></span>clienti <span class=\"_ _28\"></span>qualora <span class=\"_ _28\"></span>gli stessi <span class=\"_ _2c\"> </span>servizi <span class=\"_ _18\"> </span>inclusi <span class=\"_ _2c\"> </span>nel <span class=\"_ _18\"> </span>contratto <span class=\"_ _2c\"> </span>fossero <span class=\"_ _18\"> </span>venduti <span class=\"_ _2c\"> </span>s<span class=\"_ _2\"></span>ingolarmente<span class=\"_ _2\"></span><span class=\"ff1 fs1f\">.</span> <span class=\"_ _2c\"> </span>Secondo <span class=\"_ _2c\"> </span>la<span class=\"_ _2\"></span> <span class=\"_ _2c\"> </span>tipologia <span class=\"_ _18\"> </span>di operazione, i ricavi sono rilevati sulla base dei criteri specifici di seguito riportati:<span class=\"_ _5d\"> </span>  -<span class=\"ff6\"> <span class=\"_ _53\"> </span></span>i <span class=\"_ _28\"></span>ricavi <span class=\"_ _28\"></span>per <span class=\"_ _28\"></span><span class=\"ls8\">la<span class=\"_ _2\"></span></span> <span class=\"_ _28\"></span>prestazione <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>serviz<span class=\"_ _2\"></span>i <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span><span class=\"ffb\">advisory/investment</span> <span class=\"_ _2a\"></span><span class=\"ffb\">banking</span> <span class=\"_ _28\"></span>sono <span class=\"_ _28\"></span>rileva<span class=\"_ _2\"></span>ti <span class=\"_ _28\"></span>con <span class=\"_ _28\"></span>riferimento<span class=\"_ _5d\"> </span> allo <span class=\"_ _19\"> </span>stato <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>completamento <span class=\"_ _19\"> </span>delle <span class=\"_ _25\"> </span>attivit\u00e0. <span class=\"_ _19\"> </span>Per <span class=\"_ _25\"> </span>ragioni <span class=\"_ _25\"> </span>pratiche,<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>quando<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>i <span class=\"_ _19\"> </span>s<span class=\"_ _1\"></span>ervizi <span class=\"_ _25\"> </span>s<span class=\"_ _2\"></span>ono <span class=\"_ _25\"> </span>resi<span class=\"_ _5d\"> </span> attraverso <span class=\"_ _23\"></span><span class=\"ls9\">un<span class=\"ls0\"> <span class=\"_ _23\"></span>numero indeterminato <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>zioni <span class=\"_ _23\"></span><span class=\"ls8\">in<span class=\"ls0\"> <span class=\"_ _23\"></span><span class=\"ls9\">un<span class=\"ls0\"> <span class=\"_ _1\"></span>determinato <span class=\"_ _23\"></span>periodo<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>tempo,<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>i <span class=\"_ _23\"></span>ricavi <span class=\"_ _1\"></span>sono<span class=\"_ _5d\"> </span></span></span></span></span></span></span><span class=\"ls9\"><span class=\"ls0\"><span class=\"ls8\"><span class=\"ls0\"><span class=\"ls9\"><span class=\"ls0\"> </span></span></span></span></span></span>rilevati <span class=\"_ _2a\"></span>a <span class=\"_ _2a\"></span>quote <span class=\"_ _28\"></span>cos<span class=\"_ _2\"></span>tanti <span class=\"_ _2a\"></span>nel <span class=\"_ _2a\"></span>determinato <span class=\"_ _2a\"></span>periodo <span class=\"_ _2a\"></span>di <span class=\"_ _28\"></span>tempo <span class=\"_ _27\"></span>a <span class=\"_ _2a\"></span>meno <span class=\"_ _28\"></span>che <span class=\"_ _2a\"></span>sia <span class=\"_ _2a\"></span>evidente <span class=\"_ _2a\"></span>che <span class=\"_ _2a\"></span>altri<span class=\"_ _5d\"> </span> metodi rappresentino <span class=\"ls8\">in</span> modo migliore <span class=\"ls8\">lo</span> stadio di completamento della prestazione;  -<span class=\"ff6\"> <span class=\"_ _53\"> </span></span><span class=\"ls8\">le</span> <span class=\"_ _27\"></span><span class=\"ffb\">success <span class=\"_ _27\"></span>fee <span class=\"_ _27\"> </span></span>che <span class=\"_ _27\"></span>maturano <span class=\"_ _27\"></span><span class=\"lsa\">al</span> <span class=\"_ _27\"></span>momento <span class=\"_ _27\"></span><span class=\"ff7\">dell\u2019esecuzione</span> <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span><span class=\"ls9\">un</span> <span class=\"_ _27\"></span>atto <span class=\"_ _2a\"></span>s<span class=\"_ _2\"></span>ignificativo, <span class=\"_ _27\"></span>sono <span class=\"_ _27\"></span>rilevate<span class=\"_ _5d\"> </span> come ricavi quando <span class=\"ff7\">l\u2019atto</span> significativo \u00e8 stato completato;<span class=\"_ _5d\"> </span> -<span class=\"ff6\"> <span class=\"_ _53\"> </span></span><span class=\"ls8\">le</span> <span class=\"_ _28\"></span>componenti <span class=\"_ _2a\"></span>variabili <span class=\"_ _2a\"></span>di <span class=\"_ _28\"></span>ricavo <span class=\"_ _2a\"></span>per <span class=\"_ _2a\"></span><span class=\"ls8\">la</span> <span class=\"_ _28\"></span>prestazione <span class=\"_ _28\"></span>di <span class=\"_ _2a\"></span>servizi <span class=\"_ _2a\"></span>diverse <span class=\"_ _28\"></span>da<span class=\"_ _2\"></span>lle <span class=\"_ _28\"></span><span class=\"ffb\">success <span class=\"_ _28\"></span>fee</span> <span class=\"_ _28\"></span>vengono<span class=\"_ _5d\"> </span><span class=\"_ _2\"></span> rilevate <span class=\"_ _2\"></span>con <span class=\"_ _29\"></span>riferimento <span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>llo <span class=\"_ _2\"></span>stato <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>completamento <span class=\"_ _29\"></span>nella <span class=\"_ _2\"></span>misura <span class=\"_ _29\"></span><span class=\"ls8\">in</span> <span class=\"_ _2\"></span>cui <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _2\"></span>altamente <span class=\"_ _29\"></span>probabile<span class=\"_ _5d\"> </span> che <span class=\"_ _29\"></span>quando <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>uccessivamente <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>ar\u00e0 <span class=\"_ _29\"></span>risolta <span class=\"_ _28\"></span>l'incertezza <span class=\"_ _29\"></span>associata <span class=\"_ _28\"></span><span class=\"lsa\">al</span> <span class=\"_ _29\"></span>corrispettivo <span class=\"_ _29\"></span>variabile <span class=\"_ _28\"></span>non <span class=\"_ _29\"></span><span class=\"ls3\">si<span class=\"_ _5d\"> </span></span> verifichi <span class=\"ls9\">un</span> significativo aggiustamento <span class=\"lsa\">al</span> ribasso dell'importo dei ricavi cumulati rilevati.<span class=\"_ _5d\"> </span> Nel caso in cui non <span class=\"_ _1\"></span>sia possibile determinare <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>ttendibilmente il valore dei<span class=\"_ _23\"></span> rica<span class=\"_ _2\"></span>vi, questi ultimi sono<span class=\"_ _5d\"> </span><span class=\"_ _23\"></span> rilevati fino a concorrenza dei costi sostenuti che si ritiene saranno recuperati.  P<span class=\"fs6\">ROVENTI ED ONERI DERIVA<span class=\"_ _2\"></span>NTI DALLA CESSIONE DI TITOLI <span class=\"_ _2\"></span> </span>I <span class=\"_ _22\"> </span>proventi <span class=\"_ _25\"> </span>e <span class=\"_ _25\"> </span>oneri <span class=\"_ _25\"> </span>derivanti <span class=\"_ _22\"> </span>dalla <span class=\"_ _22\"> </span>cess<span class=\"_ _2\"></span>ione <span class=\"_ _22\"> </span>di <span class=\"_ _25\"> </span>titoli <span class=\"_ _22\"> </span>classificati <span class=\"_ _25\"> </span>tra <span class=\"_ _25\"> </span>le <span class=\"_ _22\"> </span>attivit\u00e0 <span class=\"_ _22\"> </span>finanzia<span class=\"_ _2\"></span>rie <span class=\"_ _22\"> </span>correnti valutate <span class=\"_ _27\"></span>a <span class=\"_ _27\"></span>FVOCI <span class=\"_ _27\"></span>vengono <span class=\"_ _27\"></span>rilevati <span class=\"_ _2a\"></span>per <span class=\"_ _22\"> </span>competenza <span class=\"_ _2a\"></span>sulla <span class=\"_ _27\"></span>base <span class=\"_ _27\"></span>della <span class=\"_ _27\"></span>data <span class=\"_ _27\"></span>valuta <span class=\"_ _27\"></span>dell\u2019operazione, imputando  a  conto <span class=\"_ _21\"> </span>economico  anche <span class=\"_ _21\"> </span>le  variazioni  di <span class=\"_ _26\"> </span><span class=\"ffb\">fair  valu<span class=\"_ _2\"></span>e  </span>precedentemente  imputate  a patrimonio netto.<span class=\"_ _5d\"> </span>  P<span class=\"fs6\">ROVENTI ED ONERI FINANZIA<span class=\"_ _2\"></span>RI  </span>I <span class=\"_ _28\"></span>proventi <span class=\"_ _28\"></span>ed <span class=\"_ _2a\"></span>oneri <span class=\"_ _2a\"></span>finanziari <span class=\"_ _2a\"></span>sono <span class=\"_ _2a\"></span>rilevati <span class=\"_ _28\"></span>per <span class=\"_ _28\"></span>competenza <span class=\"_ _2a\"></span>sulla <span class=\"_ _2a\"></span>base <span class=\"_ _28\"></span>degli <span class=\"_ _28\"></span>interess<span class=\"_ _2\"></span>i <span class=\"_ _28\"></span>maturati <span class=\"_ _28\"></span>sul valore netto delle relative attivit\u00e0 e passivit\u00e0 finanziarie utilizzando il tasso di interesse effettivo.  D<span class=\"fs6\">IVIDENDI </span>I <span class=\"_ _27\"></span>dividendi <span class=\"_ _22\"> </span>sono <span class=\"_ _27\"></span>rileva<span class=\"_ _2\"></span>ti <span class=\"_ _27\"></span>nell\u2019esercizio <span class=\"_ _22\"> </span>nel <span class=\"_ _22\"> </span>quale <span class=\"_ _27\"></span>\u00e8 <span class=\"_ _22\"> </span>stabilito <span class=\"_ _27\"></span>il <span class=\"_ _22\"> </span>diritto <span class=\"_ _27\"></span>degli <span class=\"_ _22\"> </span>azionisti <span class=\"_ _22\"> </span>di <span class=\"_ _27\"></span>rice<span class=\"_ _2\"></span>vere <span class=\"_ _27\"></span>il relativo <span class=\"_ _23\"></span>pagamento. <span class=\"_ _1\"></span>Relativamente <span class=\"_ _23\"></span>ai <span class=\"_ _23\"></span>dividendi <span class=\"_ _1\"></span>ricevuti <span class=\"_ _23\"></span>da <span class=\"_ _23\"></span>partecipazioni <span class=\"_ _1\"></span>valutate <span class=\"_ _23\"></span>con <span class=\"_ _23\"></span>il <span class=\"_ _23\"></span>metodo del patrimonio netto, questi sono rilevati a riduzione del valore della partecipazione.  GRUPPO TA<span class=\"_ _2\"></span>MBURI INVESTMENT<span class=\"_ _2\"></span> PARTNE<span class=\"_ _2\"></span>RS<span class=\"_ _5d\"> </span>I<span class=\"fs6\">MPOSTE SUL REDDITO </span>Le <span class=\"_ _19\"> </span>imposte  correnti <span class=\"_ _19\"> </span>sul <span class=\"_ _19\"> </span>reddito <span class=\"_ _19\"> </span>del  periodo <span class=\"_ _19\"> </span>sono <span class=\"_ _19\"> </span>determinate  in <span class=\"_ _19\"> </span>base <span class=\"_ _19\"> </span>alla <span class=\"_ _19\"> </span>stima  d<span class=\"_ _1\"></span>el <span class=\"_ _19\"> </span>reddito<span class=\"_ _5d\"> </span>imponibile <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>conformit\u00e0 <span class=\"_ _29\"></span>alle <span class=\"_ _2\"></span>disposizioni <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>vigore. <span class=\"_ _2\"></span>Le <span class=\"_ _2\"></span>imposte <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>reddito <span class=\"_ _2\"></span>differite <span class=\"_ _2\"></span>e <span class=\"_ _29\"></span>anticipate<span class=\"_ _5d\"> </span>sono calcolate sulle <span class=\"_ _1\"></span>differenze temporanee tra <span class=\"_ _23\"></span>i valori patrimonia<span class=\"_ _2\"></span>li iscritti nel <span class=\"_ _1\"></span>prospetto contabile <span class=\"_ _1\"></span>e<span class=\"_ _5d\"> </span>i <span class=\"_ _27\"></span>corrispondenti <span class=\"_ _2a\"></span>va<span class=\"_ _2\"></span>lori <span class=\"_ _2a\"></span>riconosciuti <span class=\"_ _27\"></span>ai <span class=\"_ _27\"></span>fini <span class=\"_ _2a\"></span>fiscali. <span class=\"_ _27\"></span>L\u2019iscrizione <span class=\"_ _27\"></span>di <span class=\"_ _2a\"></span>attivit\u00e0 <span class=\"_ _27\"></span>per <span class=\"_ _27\"></span>imposte <span class=\"_ _2a\"></span>anticipate <span class=\"_ _27\"></span>\u00e8<span class=\"_ _5d\"> </span>effettuata <span class=\"_ _28\"></span>quando <span class=\"_ _2a\"></span>il <span class=\"_ _2a\"></span>recupero <span class=\"_ _28\"></span>\u00e8 <span class=\"_ _2a\"></span>ritenuto <span class=\"_ _28\"></span>probabile, <span class=\"_ _2a\"></span>cio\u00e8 <span class=\"_ _2a\"></span>quando <span class=\"_ _28\"></span>s<span class=\"_ _2\"></span>i <span class=\"_ _28\"></span>prevede <span class=\"_ _2a\"></span>che <span class=\"_ _28\"></span>possano <span class=\"_ _2a\"></span>rendersi<span class=\"_ _5d\"> </span>disponibili in <span class=\"_ _23\"></span>futuro <span class=\"_ _1\"></span>utili fiscali <span class=\"_ _23\"></span>sufficienti per <span class=\"_ _23\"></span>permettere <span class=\"_ _1\"></span>che t<span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>le <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>possa <span class=\"_ _23\"></span>essere realizzata. <span class=\"_ _23\"></span>La<span class=\"_ _5d\"> </span>recuperabilit\u00e0 delle <span class=\"_ _23\"></span>attivit\u00e0 per <span class=\"_ _23\"></span>imposte anticipate v<span class=\"_ _1\"></span>iene <span class=\"_ _1\"></span>riesaminata ad <span class=\"_ _23\"></span>ogni chiusura <span class=\"_ _23\"></span>di periodo. <span class=\"_ _1\"></span>Le<span class=\"_ _5d\"> </span>imposte differite sono sempre rilevate in ottemperanza a quanto richiesto dallo IAS 12. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "Il <span class=\"_ _29\"></span>bilancio <span class=\"_ _28\"></span>consolidato <span class=\"_ _28\"></span>al <span class=\"_ _29\"></span>31 <span class=\"_ _28\"></span>dicembre <span class=\"_ _28\"></span>2025<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>tato <span class=\"_ _29\"></span>redatto <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ul <span class=\"_ _29\"></span>presuppos<span class=\"_ _2\"></span>to <span class=\"_ _29\"></span>del <span class=\"_ _29\"></span>funzionamento <span class=\"_ _28\"></span>e<span class=\"_ _5d\"> </span> della <span class=\"_ _19\"> </span>continuit<span class=\"_ _23\"></span>\u00e0 <span class=\"_ _19\"> </span>aziendale",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-467": {
   "value": "Il <span class=\"_ _29\"></span>bilancio <span class=\"_ _28\"></span>consolidato <span class=\"_ _28\"></span>al <span class=\"_ _29\"></span>31 <span class=\"_ _28\"></span>dicembre <span class=\"_ _28\"></span>2025<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>tato <span class=\"_ _29\"></span>redatto <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ul <span class=\"_ _29\"></span>presuppos<span class=\"_ _2\"></span>to <span class=\"_ _29\"></span>del <span class=\"_ _29\"></span>funzionamento <span class=\"_ _28\"></span>e<span class=\"_ _5d\"> </span>della <span class=\"_ _19\"> </span>continuit<span class=\"_ _23\"></span>\u00e0 <span class=\"_ _19\"> </span>aziendale <span class=\"_ _22\"> </span>ed <span class=\"_ _19\"> </span>in <span class=\"_ _25\"> </span>conformit\u00e0 <span class=\"_ _19\"> </span>ai <span class=\"_ _22\"> </span>criteri <span class=\"_ _19\"> </span>di <span class=\"_ _22\"> </span>va<span class=\"_ _2\"></span>lutazione <span class=\"_ _25\"> </span>stabiliti <span class=\"_ _25\"> </span>dagli<span class=\"_ _29\"></span> <span class=\"_ _19\"> </span>I<span class=\"_ _1\"></span>nternational<span class=\"_ _5d\"> </span>Financial Reporting Stand<span class=\"_ _1\"></span>ards e <span class=\"_ _1\"></span>gli International <span class=\"_ _23\"></span>Accounting Standards (nel <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>eguito \u201cIFRS\u201d,\u201cIAS<span class=\"_ _1\"></span>\u201d<span class=\"_ _5d\"> </span>o <span class=\"_ _2\"></span>principi <span class=\"_ _29\"></span>contabili <span class=\"_ _29\"></span>internazionali) <span class=\"_ _2\"></span>emanati <span class=\"_ _2\"></span>da<span class=\"_ _2\"></span>ll\u2019International <span class=\"_ _2\"></span>Accounting <span class=\"_ _29\"></span>Standards <span class=\"_ _2\"></span>Board <span class=\"_ _2\"></span>(IASB)<span class=\"_ _5d\"> </span>e <span class=\"_ _26\"> </span>le <span class=\"_ _48\"> </span>relative <span class=\"_ _26\"> </span>interpretazioni <span class=\"_ _26\"> </span>del<span class=\"_ _2\"></span>l\u2019Internation<span class=\"ff3\">al <span class=\"_ _48\"> </span>Financial <span class=\"_ _26\"> </span>Reporting <span class=\"_ _26\"> </span>Interpretations <span class=\"_ _48\"> </span>Committee<span class=\"_ _5d\"> </span></span>(IFRIC) <span class=\"_ _2c\"> </span>e <span class=\"_ _18\"> </span>adottati <span class=\"_ _2c\"> </span>dalla <span class=\"_ _18\"> </span>Commissione <span class=\"_ _18\"> </span>della <span class=\"_ _2c\"> </span>Comunit\u00e0 <span class=\"_ _18\"> </span>Europea <span class=\"_ _2c\"> </span>con <span class=\"_ _18\"> </span>regolamento <span class=\"_ _2c\"> </span>numero<span class=\"_ _5d\"> </span>1725/2003 <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>successive modifiche, <span class=\"_ _2\"></span>conformemente <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>regolamento <span class=\"_ _2\"></span>n\u00b0 <span class=\"_ _2\"></span>1606/2002 <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Parlamento<span class=\"_ _5d\"> </span>Europeo.",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-469": {
   "value": "Nuovi principi contabili  Nuovi <span class=\"_ _2\"></span>principi, <span class=\"_ _2\"></span>modifiche <span class=\"_ _29\"></span>a <span class=\"_ _2\"></span>principi <span class=\"_ _2\"></span>esistenti <span class=\"_ _2\"></span><span class=\"ls46\">ed</span> <span class=\"_ _2\"></span>interpretazioni <span class=\"_ _2\"></span>efficaci <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>periodi <span class=\"_ _2\"></span>dal <span class=\"_ _29\"></span><span class=\"lsa\">1\u00b0</span> gennaio <span class=\"ls8\">2025</span> Alla <span class=\"_ _1\"></span>data <span class=\"_ _23\"></span>di riferimento <span class=\"_ _23\"></span>del <span class=\"_ _23\"></span>presente documento, <span class=\"_ _23\"></span>gli <span class=\"_ _23\"></span>organi competenti <span class=\"_ _23\"></span>dell\u2019Unione <span class=\"_ _1\"></span>Europea <span class=\"_ _1\"></span>hanno concluso <span class=\"_ _29\"></span>il <span class=\"_ _29\"></span>processo <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>omologazione <span class=\"_ _29\"></span>necessario <span class=\"_ _29\"></span>per <span class=\"_ _29\"></span>l\u2019adozione <span class=\"_ _29\"></span>degli <span class=\"_ _29\"></span>emendamenti <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>dei <span class=\"_ _29\"></span>principi sotto descritti.  \u25aa<span class=\"ff6\"> <span class=\"_ _2b\"> </span><span class=\"ff3 lsc\">In<span class=\"ls0\"> <span class=\"_ _25\"> </span>da<span class=\"_ _2\"></span>ta <span class=\"_ _25\"> </span><span class=\"ls8\">15</span> <span class=\"_ _19\"> </span>agosto <span class=\"_ _19\"> </span><span class=\"ls8\">2023</span> <span class=\"_ _22\"> </span><span class=\"ls8\">lo</span> <span class=\"_ _19\"> </span>IASB <span class=\"_ _25\"> </span>ha <span class=\"_ _19\"> </span>emanato <span class=\"_ _25\"> </span><span class=\"ls9\">un</span> <span class=\"_ _19\"> </span>emendamento <span class=\"_ _19\"> </span>allo <span class=\"_ _25\"> </span>IAS <span class=\"_ _25\"> </span><span class=\"lsd\">21<span class=\"_ _2\"></span></span> <span class=\"_ _19\"> </span><span class=\"ff7\">\u201cLack</span> <span class=\"_ _25\"> </span>of </span></span></span>Exchangeability\u201d.<span class=\"ff3\"> <span class=\"_ _29\"></span><span class=\"lsc\">Il</span> <span class=\"_ _29\"></span>documento <span class=\"_ _2\"></span>ha <span class=\"_ _29\"></span></span>l\u2019obiettivo<span class=\"ff3\"> <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>chiarire <span class=\"_ _2\"></span>quando <span class=\"_ _29\"></span>una <span class=\"_ _29\"></span>valuta <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _2\"></span>scambiabile </span>con <span class=\"_ _29\"></span><span class=\"ff7\">un\u2019altra</span> <span class=\"_ _29\"></span>valuta, <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>come <span class=\"_ _29\"></span>stimare <span class=\"_ _29\"></span><span class=\"ls8\">il</span> <span class=\"_ _29\"></span>tasso <span class=\"_ _29\"></span><span class=\"lsf\">di<span class=\"_ _2\"></span></span> <span class=\"_ _29\"></span>cambio <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>pronti <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span><span class=\"ls9\">una</span> <span class=\"_ _29\"></span>valuta <span class=\"_ _29\"></span>qualora <span class=\"_ _29\"></span><span class=\"lse\">ci</span> <span class=\"_ _29\"></span>sia un\u2019assenza<span class=\"ff3\"> di scambia<span class=\"_ _2\"></span>bilit\u00e0. <span class=\"ls11\">Le</span> modifiche sono entr<span class=\"_ _2\"></span>a<span class=\"lsb\">te</span> <span class=\"ls8\">in</span> vigore a partire dagli<span class=\"_ _2\"></span> esercizi che </span>hanno <span class=\"_ _23\"></span>inizio <span class=\"_ _23\"></span><span class=\"ls8\">il<span class=\"ls0\"> <span class=\"_ _23\"></span><span class=\"ls8\">1\u00b0<span class=\"ls0\"> <span class=\"_ _23\"></span>ge<span class=\"_ _2\"></span>nnaio <span class=\"_ _24\"></span><span class=\"ls8\">2025.<span class=\"ls0\"> <span class=\"_ _23\"></span><span class=\"lsc\">Il<span class=\"_ _2\"></span><span class=\"ls0\"> <span class=\"_ _23\"></span>documento <span class=\"_ _23\"></span>\u00e8 <span class=\"_ _23\"></span>stato <span class=\"_ _23\"></span>omologato <span class=\"_ _23\"></span>per <span class=\"ff7\">l<span class=\"_ _23\"></span>\u2019adozi<span class=\"_ _2\"></span>one<span class=\"ff3\"> <span class=\"_ _24\"></span><span class=\"ff7\">nell\u2019Unione<span class=\"ff3\"> </span></span></span></span></span></span></span></span></span></span></span></span>Europea <span class=\"lse\">ed</span> \u00e8 entrato <span class=\"ls8\">in</span> vigore a partire dal <span class=\"ls8\">1\u00b0</span> gennaio <span class=\"ls8\">2025.</span> L\u2019adozione di tale emendamento non ha comportato effetti significativi diretti su TIP. Nuovi <span class=\"_ _26\"> </span>principi, <span class=\"_ _48\"> </span>modifiche <span class=\"_ _48\"> </span>a <span class=\"_ _26\"> </span>principi <span class=\"_ _48\"> </span>esistenti <span class=\"_ _48\"> </span><span class=\"ls8\">ed</span> <span class=\"_ _26\"> </span>interpretazioni <span class=\"_ _48\"> </span>efficaci <span class=\"_ _48\"> </span>per <span class=\"_ _26\"> </span>periodi successivi <span class=\"ls8\">al</span> <span class=\"lsa\">1\u00b0</span> gennaio <span class=\"ls8\">2026</span> e non ancora adottati dal gruppo \u25aa<span class=\"ff6\"> <span class=\"_ _2b\"> </span><span class=\"ff3 lsc\">In<span class=\"ls0\"> <span class=\"_ _27\"></span>data <span class=\"_ _27\"></span><span class=\"ls8\">30</span> <span class=\"_ _22\"> </span>maggio <span class=\"_ _27\"></span><span class=\"ls8\">2024</span> <span class=\"_ _27\"></span><span class=\"ls46\">lo</span> <span class=\"_ _27\"></span>IASB <span class=\"_ _27\"></span>ha <span class=\"_ _22\"> </span>pubblicato <span class=\"_ _27\"></span><span class=\"ls9\">un</span> <span class=\"_ _27\"></span>emenda<span class=\"_ _2\"></span>mento <span class=\"_ _27\"></span><span class=\"ff7\">all\u2019IFRS</span> <span class=\"_ _27\"></span>9 <span class=\"_ _22\"> </span><span class=\"ff7\">\u201cFinancial</span> </span></span></span>Instruments\u201d<span class=\"ff3\"> <span class=\"_ _19\"> </span>e<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span></span>all\u2019IFRS<span class=\"_ _2\"></span><span class=\"ff3\"> <span class=\"_ _19\"> </span>7 <span class=\"_ _19\"> </span></span>\u201cFina<span class=\"_ _2\"></span>ncial<span class=\"ff3\">  I<span class=\"_ _1\"></span>nstruments: <span class=\"_ _19\"> </span><span class=\"ff7\">Disclosures\u201d.</span>  <span class=\"ls11\">Lo</span> <span class=\"_ _19\"> </span>stesso: <span class=\"_ _19\"> </span>- <span class=\"_ _19\"> </span>fornisce<span class=\"_ _2\"></span> </span>chiarimenti <span class=\"_ _22\"> </span><span class=\"ls3\">su</span> <span class=\"_ _22\"> </span>come <span class=\"_ _27\"></span>a<span class=\"_ _2\"></span>pplicare <span class=\"_ _22\"> </span>l'SPPI <span class=\"_ _27\"></span>tes<span class=\"_ _2\"></span>t <span class=\"_ _22\"> </span>alle <span class=\"_ _22\"> </span>attivit\u00e0 <span class=\"_ _22\"> </span>finanziarie <span class=\"_ _22\"> </span>i <span class=\"_ _22\"> </span>cui <span class=\"_ _22\"> </span>flussi <span class=\"_ _22\"> </span>contrattuali possono <span class=\"_ _18\"> </span>variare <span class=\"_ _2c\"> </span><span class=\"ls8\">in</span> <span class=\"_ _18\"> </span>base <span class=\"_ _8\"> </span><span class=\"lsa\">ad</span> <span class=\"_ _18\"> </span><span class=\"ls9\">un</span> <span class=\"_ _2c\"> </span>evento <span class=\"_ _18\"> </span>potenziale <span class=\"_ _18\"> </span>(es. <span class=\"_ _2c\"> </span>obiettivi <span class=\"_ _2c\"> </span>ESG); <span class=\"_ _18\"> </span>- <span class=\"_ _2c\"> </span>disciplina l\u2019eliminazione<span class=\"ff3\"> <span class=\"_ _2\"></span>contabile delle <span class=\"_ _2\"></span>passivit\u00e0 <span class=\"_ _2\"></span>finanziarie regolate <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>disponibilit\u00e0 <span class=\"_ _2\"></span>liquide tramite </span>un<span class=\"ls0\"> <span class=\"_ _2c\"> </span>sistema <span class=\"_ _2c\"> </span>di <span class=\"_ _2c\"> </span>pagamento <span class=\"_ _2c\"> </span>elettronico; <span class=\"_ _2c\"> </span>- <span class=\"_ _2c\"> </span>impone <span class=\"_ _2c\"> </span>nuovi <span class=\"_ _2c\"> </span>obblighi <span class=\"_ _2c\"> </span>informativi <span class=\"_ _2c\"> </span>per <span class=\"_ _2c\"> </span>gli </span>investimenti <span class=\"ls8\">in</span> <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>trumenti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span><span class=\"ffb\">equity<span class=\"ff3\"> valutati <span class=\"_ _23\"></span>a FVTOCI <span class=\"_ _1\"></span>e <span class=\"ls8\">le</span> <span class=\"_ _23\"></span>attivit\u00e0 e <span class=\"_ _1\"></span>passivit\u00e0 finanziarie non </span></span>valutate <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>FVTPL <span class=\"_ _25\"> </span>con<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>flussi <span class=\"_ _25\"> </span>contrattuali<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>che <span class=\"_ _25\"> </span>va<span class=\"_ _2\"></span>riano <span class=\"_ _19\"> </span><span class=\"ls8\">in</span> <span class=\"_ _19\"> </span>ba<span class=\"_ _1\"></span>se <span class=\"_ _19\"> </span><span class=\"lsa\">ad</span> <span class=\"_ _25\"> </span>eventi <span class=\"_ _19\"> </span>potenziali. <span class=\"_ _19\"> </span><span class=\"ls11\">Le</span> modifiche <span class=\"_ _23\"></span>entrano<span class=\"_ _2\"></span> <span class=\"_ _23\"></span><span class=\"ls8\">in<span class=\"ls0\"> vigo<span class=\"_ _1\"></span>re <span class=\"_ _23\"></span>per gli <span class=\"_ _23\"></span>esercizi <span class=\"_ _1\"></span>che <span class=\"_ _23\"></span>iniziano <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span><span class=\"ls8\">1\u00b0<span class=\"ls0\"> <span class=\"_ _23\"></span>gennaio <span class=\"ls8\">2026</span> <span class=\"_ _24\"></span><span class=\"lse\">ed<span class=\"ls0\"> <span class=\"_ _23\"></span>\u00e8<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>consentita </span></span></span></span></span></span>l'applicazione <span class=\"_ _1\"></span>anticipata <span class=\"_ _23\"></span><span class=\"ls10\">di<span class=\"ls0\"> <span class=\"_ _23\"></span>tutte <span class=\"_ _1\"></span><span class=\"ls2e\">le<span class=\"ls0\"> <span class=\"_ _23\"></span>modifiche o <span class=\"_ _23\"></span>solo <span class=\"_ _23\"></span>delle mo<span class=\"_ _1\"></span>difiche <span class=\"_ _23\"></span>relative <span class=\"_ _1\"></span>alla <span class=\"_ _23\"></span>valutazione </span></span></span></span>delle <span class=\"_ _19\"> </span>caratteristiche <span class=\"_ _25\"> </span>dei <span class=\"_ _19\"> </span>flussi <span class=\"_ _19\"> </span>finanziari <span class=\"_ _25\"> </span>contrattuali <span class=\"_ _19\"> </span>('SPPI <span class=\"_ _25\"> </span>test'). <span class=\"_ _19\"> </span><span class=\"lsc\">Il</span> <span class=\"_ _19\"> </span>documento <span class=\"_ _25\"> </span>\u00e8 <span class=\"_ _19\"> </span>stato omologato per <span class=\"_ _23\"></span><span class=\"ff7\">l\u2019adozione<span class=\"ff3\"> <span class=\"_ _1\"></span><span class=\"ff7\">nell\u2019Unione<span class=\"ff3\"> Europea<span class=\"_ _1\"></span> <span class=\"lse\">ed<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _23\"></span>entrer\u00e0 <span class=\"ls8\">in</span> <span class=\"_ _23\"></span>vigore a <span class=\"_ _23\"></span>pa<span class=\"_ _2\"></span>rtire <span class=\"_ _1\"></span>dal <span class=\"_ _23\"></span><span class=\"ls8\">1\u00b0<span class=\"ls0\"> gennaio </span></span></span></span></span></span></span></span>2026.<span class=\"ls0\">  </span>\u25aa<span class=\"ff6\"> <span class=\"_ _2b\"> </span><span class=\"ff3 lsc\">In<span class=\"ls0\"> <span class=\"_ _29\"></span>da<span class=\"_ _2\"></span>ta <span class=\"_ _29\"></span><span class=\"ls8\">18</span> <span class=\"_ _28\"></span>dicembre <span class=\"_ _28\"></span><span class=\"ls8\">2024</span> <span class=\"_ _28\"></span><span class=\"ls8\">lo</span> <span class=\"_ _29\"></span>IASB<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>ha<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>pubblica<span class=\"_ _2\"></span>to <span class=\"_ _29\"></span><span class=\"ls47\">un</span> <span class=\"_ _29\"></span>eme<span class=\"_ _2\"></span>ndamento <span class=\"_ _28\"></span><span class=\"ff7\">all\u2019IFRS</span> <span class=\"_ _29\"></span>9<span class=\"_ _2\"></span> <span class=\"_ _29\"></span><span class=\"ff7\">\u201cFinancia<span class=\"_ _2\"></span>l</span> </span></span></span>Instruments\u201d<span class=\"ff3\"> <span class=\"_ _8\"> </span>e <span class=\"_ _8\"> </span></span>a<span class=\"_ _2\"></span>ll\u2019IFRS<span class=\"ff3\"> <span class=\"_ _8\"> </span>7 <span class=\"_ _8\"> </span></span>\u201cFinancial<span class=\"ff3\"> <span class=\"_ _2c\"> </span>Instruments: <span class=\"_ _8\"> </span></span>Disclosures\u201d.<span class=\"ff3\"> <span class=\"_ _8\"> </span><span class=\"ls11\">Lo</span> <span class=\"_ _8\"> </span>s<span class=\"_ _2\"></span>tesso <span class=\"_ _8\"> </span>fornisce </span>chiarimenti <span class=\"_ _2\"></span><span class=\"ls8\">in</span> <span class=\"_ _29\"></span>merito <span class=\"lsa\">ai</span> <span class=\"_ _2\"></span>contratti <span class=\"_ _2\"></span>collegati <span class=\"_ _2\"></span><span class=\"ff7\">a<span class=\"_ _2\"></span>ll\u2019energia</span> <span class=\"_ _2\"></span>elettrica <span class=\"_ _2\"></span>dipendente <span class=\"_ _2\"></span>dalla <span class=\"_ _2\"></span>natur<span class=\"lsa\">a,</span> <span class=\"_ _2\"></span>cos\u00ec da <span class=\"_ _23\"></span>consentire <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span>lle <span class=\"_ _24\"></span>entit\u00e0 <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>rappresentare <span class=\"_ _23\"></span><span class=\"ls8\">in<span class=\"ls0\"> <span class=\"_ _23\"></span>modo <span class=\"_ _23\"></span>pi\u00f9 <span class=\"_ _24\"></span>adeguato, <span class=\"_ _23\"></span>nei <span class=\"_ _23\"></span>propri <span class=\"_ _23\"></span>bilanci, <span class=\"_ _24\"></span>i <span class=\"_ _23\"></span>contratti </span></span>collegati <span class=\"ff7\">all\u2019energia</span> elettrica dipendente dalla natura, attraverso: o<span class=\"ff6\"> <span class=\"_ _51\"> </span><span class=\"ff7\">l\u2019applicazione,<span class=\"ff3\"> a certe condizioni, </span>dell\u2019\u2019<span class=\"_ _2\"></span><span class=\"ffb\">own use exemptio<span class=\"_ _1\"></span>n<span class=\"ff7 ls8\">\u2019;</span><span class=\"ff3\"> </span></span></span></span>o<span class=\"ff6\"> <span class=\"_ _51\"> </span><span class=\"ff3 ls8\">la<span class=\"ls0\"> possibilit\u00e0 di applicare <span class=\"ff7 lsd\">l\u2019</span><span class=\"ffb\">hedge accountin<span class=\"_ _2\"></span>g</span>; </span></span></span>o<span class=\"ff6\"> <span class=\"_ _51\"> </span><span class=\"ff7\">l\u2019introduzione<span class=\"ff3\"> <span class=\"_ _22\"> </span>di <span class=\"_ _25\"> </span>nuovi <span class=\"_ _22\"> </span>obblighi <span class=\"_ _25\"> </span>informativi <span class=\"_ _22\"> </span>volti <span class=\"_ _25\"> </span>a <span class=\"_ _22\"> </span>consentire<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>agli <span class=\"_ _22\"> </span>investitori <span class=\"_ _22\"> </span>di<span class=\"_ _2\"></span> </span></span></span>comprendere <span class=\"_ _27\"></span><span class=\"ff7\">l\u2019impatto</span> <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>tali <span class=\"_ _27\"></span>contratti <span class=\"_ _27\"></span>sulla <span class=\"_ _22\"> </span><span class=\"ffb\">performance <span class=\"_ _27\"> </span></span>economica<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _27\"></span>sui <span class=\"_ _27\"></span>flussi <span class=\"_ _27\"></span>di cassa <span class=\"ff7\">dell\u2019entit\u00e0.</span> Il<span class=\"ls0\"> <span class=\"_ _22\"> </span>documento <span class=\"_ _22\"> </span>\u00e8 <span class=\"_ _22\"> </span>stato <span class=\"_ _22\"> </span>omologato <span class=\"_ _22\"> </span>per <span class=\"_ _22\"> </span><span class=\"ff7\">l\u2019adozi<span class=\"_ _2\"></span>one</span> <span class=\"_ _22\"> </span><span class=\"ff7\">nell\u2019Unione</span> <span class=\"_ _22\"> </span>Europea <span class=\"_ _22\"> </span>e <span class=\"_ _22\"> </span><span class=\"ff7\">l\u2019applicazione</span> <span class=\"_ _22\"> </span>\u00e8 </span>prevista <span class=\"_ _12\"> </span>per <span class=\"_ _19\"> </span>i<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>bilanci<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>degli  esercizi <span class=\"_ _19\"> </span>che  iniz<span class=\"_ _1\"></span>iano <span class=\"_ _19\"> </span>dal  <span class=\"ls8\">1\u00b0</span> <span class=\"_ _19\"> </span>gennaio  20<span class=\"_ _1\"></span>26 <span class=\"_ _19\"> </span><span class=\"lse\">ed</span> <span class=\"_ _19\"> </span>\u00e8  consentita l\u2019applicazione<span class=\"ff3\"> <span class=\"_ _29\"></span>anticipata, <span class=\"_ _2\"></span>inoltre <span class=\"_ _29\"></span><span class=\"ls8\">le</span> <span class=\"_ _29\"></span>disposizioni <span class=\"_ _29\"></span>transitorie <span class=\"_ _2\"></span>stabiliscono<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>che <span class=\"_ _29\"></span>per <span class=\"_ _2\"></span></span>l\u2019e<span class=\"_ _2\"></span>senzione<span class=\"ff3\"> </span>own-use<span class=\"ff3\">, <span class=\"_ _24\"></span><span class=\"ff7\">l\u2019a<span class=\"_ _2\"></span>pplicazione<span class=\"ff3\"> <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _23\"></span>retrospettiva, <span class=\"_ _24\"></span>basata <span class=\"_ _23\"></span>sui <span class=\"_ _23\"></span>fatti <span class=\"_ _24\"></span>esistenti <span class=\"_ _23\"></span>alla <span class=\"_ _24\"></span>data <span class=\"_ _23\"></span>di <span class=\"_ _24\"></span>prima <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span>pplicazione, </span></span></span>che <span class=\"_ _29\"></span>pu\u00f2 <span class=\"_ _29\"></span>non <span class=\"_ _28\"></span>coincidere <span class=\"_ _29\"></span>con <span class=\"_ _29\"></span><span class=\"ff7\">l\u2019inizio<span class=\"_ _2\"></span></span> <span class=\"_ _29\"></span><span class=\"ff7\">dell\u2019esercizio.</span> <span class=\"_ _29\"></span>Non <span class=\"_ _29\"></span>\u00e8<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>richiesta <span class=\"_ _28\"></span><span class=\"ls8\">la</span> <span class=\"_ _29\"></span>rideterminazione <span class=\"_ _29\"></span>dei periodi comparativi, salvo sia possibile senza usare informazioni successive. Per <span class=\"_ _22\"> </span><span class=\"ff7 ls8\">l\u2019</span><span class=\"ffb\">hedge <span class=\"_ _25\"> </span>accounting</span>, <span class=\"_ _25\"> </span><span class=\"ls8\">le</span> <span class=\"_ _25\"> </span>nuove <span class=\"_ _25\"> </span>regole <span class=\"_ _25\"> </span><span class=\"ls3\">si</span> <span class=\"_ _25\"> </span>applicano <span class=\"_ _25\"> </span>solo <span class=\"_ _25\"> </span><span class=\"ls8\">in</span> <span class=\"_ _22\"> </span>modo <span class=\"_ _25\"> </span>prospettico <span class=\"_ _25\"> </span>alle<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>nuove<span class=\"_ _2\"></span> relazioni <span class=\"_ _2a\"></span>di <span class=\"_ _28\"></span>copertura. <span class=\"_ _2a\"></span>\u00c8 <span class=\"_ _28\"></span>possibile <span class=\"_ _2a\"></span>interrompere <span class=\"_ _2a\"></span>relazioni <span class=\"_ _2a\"></span>esistenti <span class=\"_ _28\"></span><span class=\"ls3\">se</span> <span class=\"_ _2a\"></span><span class=\"ls8\">lo</span> <span class=\"_ _28\"></span>stesso <span class=\"_ _28\"></span>strumento viene designato <span class=\"ls8\">in</span> una nuova copertura. \u25aa<span class=\"ff6 fs1\"> <span class=\"_ _2b\"> </span></span><span class=\"ff3 ls48\">Lo<span class=\"ls0\"> <span class=\"_ _29\"></span>IASB <span class=\"_ _28\"></span><span class=\"ls1c\">ha</span> <span class=\"_ _28\"></span>pubblicato <span class=\"_ _29\"></span><span class=\"ls2e\">in</span> <span class=\"_ _29\"></span>data <span class=\"_ _28\"></span>9 <span class=\"_ _29\"></span>aprile <span class=\"_ _28\"></span>2024 <span class=\"_ _29\"></span><span class=\"ls49\">un</span> <span class=\"_ _28\"></span>emendamento <span class=\"_ _29\"></span><span class=\"ff7\">all\u2019IFRS</span> <span class=\"_ _29\"></span><span class=\"ls2b\">18</span> <span class=\"_ _28\"></span><span class=\"ff7\">\u201cPresentation</span> </span></span>and <span class=\"_ _19\"> </span>Disclosure <span class=\"_ _19\"> </span><span class=\"ls8\">in</span> <span class=\"_ _25\"> </span>Financial <span class=\"_ _19\"> </span><span class=\"ff7\">Statement<span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>\u201d,<span class=\"ff3\"> <span class=\"_ _19\"> </span>allo <span class=\"_ _25\"> </span>scopo <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>fornire <span class=\"_ _19\"> </span><span class=\"ls9\">una</span> <span class=\"_ _19\"> </span>nuova <span class=\"_ _25\"> </span>modalit\u00e0 <span class=\"_ _19\"> </span>di </span></span>presentazione <span class=\"_ _29\"></span>dei <span class=\"_ _28\"></span>risultati <span class=\"_ _29\"></span>economici. <span class=\"_ _29\"></span>Inoltre, <span class=\"_ _29\"></span>esso<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>introduce <span class=\"_ _29\"></span>anche <span class=\"_ _29\"></span><span class=\"ff7\">l\u2019obbl<span class=\"_ _2\"></span>igo</span> <span class=\"_ _2\"></span>di <span class=\"_ _28\"></span>fornire <span class=\"_ _29\"></span><span class=\"ls8\">in</span> bilancio <span class=\"_ _8\"> </span>alc<span class=\"_ _2\"></span>uni <span class=\"_ _8\"> </span>indici <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>mis<span class=\"_ _2\"></span>urazione <span class=\"_ _8\"> </span>della<span class=\"_ _2\"></span> <span class=\"_ _8\"> </span>performance <span class=\"_ _8\"> </span><span class=\"ff7\">(\u201cmanagement</span> <span class=\"_ _8\"> </span>performance measures\u201d<span class=\"ff3\"> o </span>\u201cMPM\u201d).<span class=\"ff3\"> </span>L\u2019applica<span class=\"_ _2\"></span>zione<span class=\"ff3\"> sar\u00e0 retroattiva a partire dai<span class=\"_ _2\"></span> bilanci degli es<span class=\"_ _2\"></span>ercizi che </span>iniziano dal <span class=\"lsd\">1\u00b0<span class=\"_ _2\"></span></span> gennaio 2027 <span class=\"lse\">ed</span> \u00e8 consentita l'applicazione anticipata. <span class=\"lsc\">Il</span> documento \u00e8 stato omologato per <span class=\"_ _23\"></span><span class=\"ff7\">l\u2019adozione<span class=\"ff3\"> <span class=\"_ _1\"></span><span class=\"ff7\">nell\u2019Unione<span class=\"ff3\"> Europea<span class=\"_ _1\"></span> <span class=\"lse\">ed<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _23\"></span>entrer\u00e0 <span class=\"ls8\">in</span> <span class=\"_ _23\"></span>vigore a <span class=\"_ _23\"></span>pa<span class=\"_ _2\"></span>rtire <span class=\"_ _1\"></span>dal <span class=\"_ _23\"></span><span class=\"ls8\">1\u00b0<span class=\"ls0\"> gennaio </span></span></span></span></span></span></span></span>202<span class=\"ls0\">7.  </span>\u25aa<span class=\"ff6\"> <span class=\"_ _2b\"> </span><span class=\"ff3 lsc\">In<span class=\"ls0\"> <span class=\"_ _19\"> </span>data <span class=\"_ _19\"> </span>9<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>maggio <span class=\"_ _19\"> </span><span class=\"ls8\">2024</span> <span class=\"_ _12\"> </span><span class=\"lsd\">lo</span> <span class=\"_ _19\"> </span>IASB<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>ha <span class=\"_ _19\"> </span>pubblica<span class=\"_ _2\"></span>to <span class=\"_ _19\"> </span>IFRS <span class=\"_ _19\"> </span><span class=\"ls8\">19</span> <span class=\"_ _19\"> </span><span class=\"ff7\">\u201cSubsidiaries</span> <span class=\"_ _19\"> </span>without <span class=\"_ _19\"> </span>Public </span></span></span>Accountability: <span class=\"ff7\">Disclosures\u201d,</span> <span class=\"_ _23\"></span>allo<span class=\"_ _2\"></span> scopo<span class=\"_ _1\"></span> di <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>emplificare <span class=\"ls8\">la</span> <span class=\"_ _23\"></span>redazione del bilancio <span class=\"_ _23\"></span>riduce<span class=\"_ _2\"></span>ndo le<span class=\"ls0\"> informazioni integrative <span class=\"_ _1\"></span>da fornire <span class=\"_ _1\"></span>nelle note. <span class=\"ff7\">L\u2019applicazione</span> <span class=\"_ _1\"></span>avverr\u00e0 a partire <span class=\"_ _23\"></span>da<span class=\"_ _2\"></span>i bilanci </span>degli <span class=\"_ _23\"></span>esercizi<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>che<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>iniziano <span class=\"_ _23\"></span>dal <span class=\"_ _23\"></span><span class=\"ls8\">1\u00b0<span class=\"ls0\"> <span class=\"_ _23\"></span>ge<span class=\"_ _2\"></span>nnaio <span class=\"_ _23\"></span><span class=\"ls8\">2027<span class=\"ls0\"> <span class=\"_ _23\"></span><span class=\"lse\">ed<span class=\"ls0\"> <span class=\"_ _23\"></span>\u00e8 <span class=\"_ _23\"></span>consentita <span class=\"_ _23\"></span>l'applic<span class=\"_ _2\"></span>azione <span class=\"_ _23\"></span>anticipata. <span class=\"_ _23\"></span>Non </span></span></span></span></span></span>\u00e8 <span class=\"_ _2\"></span>ancora <span class=\"_ _29\"></span>stato <span class=\"_ _2\"></span>deciso <span class=\"_ _2\"></span><span class=\"ls3\">se</span> <span class=\"_ _2\"></span><span class=\"ls8\">il</span> <span class=\"_ _2\"></span>nuovo <span class=\"_ _29\"></span>standard <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>ar\u00e0 <span class=\"_ _2\"></span>omologato <span class=\"_ _2\"></span>dall'<span class=\"_ _2\"></span>Unione <span class=\"_ _2\"></span>Europea <span class=\"_ _2\"></span><span class=\"ls8\">in</span> <span class=\"_ _2\"></span>quanto applicabile <span class=\"_ _2a\"></span>alle <span class=\"_ _2a\"></span>sole<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>entit\u00e0 <span class=\"_ _2a\"></span>senza<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>'public<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>accountability' <span class=\"_ _2a\"></span>che <span class=\"_ _2a\"></span>hanno <span class=\"_ _2a\"></span>sede<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>nei <span class=\"_ _28\"></span>paesi<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>cui <span class=\"_ _2a\"></span>\u00e8 stata<span class=\"ff1 fs0\"> <span class=\"_ _28\"></span></span>concessa <span class=\"_ _2a\"></span><span class=\"ls8\">la</span> <span class=\"_ _2a\"></span>facolt\u00e0 <span class=\"_ _2a\"></span><span class=\"lsf\">di<span class=\"_ _2\"></span></span> <span class=\"_ _2a\"></span>applicare <span class=\"_ _2a\"></span>gli <span class=\"_ _2a\"></span>IFRS <span class=\"_ _2a\"></span>per <span class=\"_ _2a\"></span><span class=\"ls8\">la</span> <span class=\"_ _2a\"></span>redazione <span class=\"_ _2a\"></span>del <span class=\"_ _27\"></span>bilancio <span class=\"_ _28\"></span>consolidato <span class=\"_ _2a\"></span>e separato. \u25aa<span class=\"ff6\"> <span class=\"_ _2b\"> </span><span class=\"ff3\">Nel <span class=\"_ _23\"></span>mes<span class=\"_ _2\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _23\"></span>luglio<span class=\"_ _2\"></span> <span class=\"_ _23\"></span><span class=\"ls8\">2024<span class=\"ls0\"> </span>lo<span class=\"ls0\"> <span class=\"_ _24\"></span>IASB ha <span class=\"_ _23\"></span>pubblicato <span class=\"ff7\">l\u2019\u201cAnnual</span> <span class=\"_ _23\"></span>Improvements <span class=\"_ _1\"></span><span class=\"ff7\">\u2013<span class=\"ff3\"> <span class=\"_ _23\"></span>Volume<span class=\"_ _2\"></span> <span class=\"_ _23\"></span><span class=\"ff7 ls8\">11\u201d<span class=\"ff3 ls0\"> che </span></span></span></span></span></span></span></span>introduce <span class=\"_ _29\"></span>modifiche <span class=\"_ _29\"></span>minori <span class=\"_ _28\"></span>a <span class=\"_ _29\"></span>IAS <span class=\"_ _29\"></span>7 <span class=\"_ _29\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>agli <span class=\"_ _29\"></span>IFRS <span class=\"_ _28\"></span><span class=\"ls8\">1,</span> <span class=\"_ _29\"></span><span class=\"ls8\">7,</span> <span class=\"_ _29\"></span>9 <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span><span class=\"ls8\">10,</span> <span class=\"_ _29\"></span>volte <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>migliorare <span class=\"_ _29\"></span>chiarezza, coerenza  e  a<span class=\"_ _2\"></span>pplicazione  pratica  degli  standard.  <span class=\"ls11\">Le</span>  principali  modifiche  includono:  <span class=\"ls8\">la</span> risoluzione <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span><span class=\"ls9\">un</span> <span class=\"_ _2\"></span>conflitto tra <span class=\"_ _2\"></span>IFRS <span class=\"_ _2\"></span>9 <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>IFRS <span class=\"_ _2\"></span><span class=\"ls8\">15</span> s<span class=\"_ _2\"></span>ulla mis<span class=\"_ _2\"></span>urazione dei<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>crediti commerciali, chiarimenti s<span class=\"_ _2\"></span>ul trattamento delle passivit\u00e0 <span class=\"_ _2\"></span>per leasing, aggiornamenti <span class=\"_ _2\"></span>per <span class=\"ls8\">la</span> traspa<span class=\"_ _2\"></span>renza dei flussi <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>cass<span class=\"_ _2\"></span>a <span class=\"_ _27\"></span>e <span class=\"_ _27\"></span>semplificazioni <span class=\"_ _22\"> </span>per <span class=\"_ _27\"></span>i <span class=\"_ _27\"></span>primi <span class=\"_ _27\"></span>utilizzatori <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>IFRS <span class=\"_ _27\"></span><span class=\"ls8\">1.</span> <span class=\"_ _27\"></span><span class=\"lsc\">Il<span class=\"_ _2\"></span></span> <span class=\"_ _27\"></span>documento <span class=\"_ _27\"></span>\u00e8<span class=\"_ _2\"></span> <span class=\"_ _27\"></span>stato omologato <span class=\"_ _27\"></span>per <span class=\"_ _27\"></span><span class=\"ff7\">l\u2019adozione</span> <span class=\"_ _2a\"></span><span class=\"ff7\">nell\u2019U<span class=\"_ _2\"></span>nione</span> <span class=\"_ _27\"></span>Europea <span class=\"_ _2a\"></span>e <span class=\"_ _22\"> </span>le <span class=\"_ _27\"></span>modifiche <span class=\"_ _2a\"></span>entrano <span class=\"_ _27\"></span><span class=\"ls2e\">in</span> <span class=\"_ _27\"></span>vigore <span class=\"_ _27\"></span>per <span class=\"_ _27\"></span><span class=\"ls1d\">gli</span> esercizi che iniziano dal <span class=\"ls8\">1\u00b0</span> gennaio 2026.  \u25aa<span class=\"ff6\"> <span class=\"_ _2b\"> </span><span class=\"ff3 lsc\">Il<span class=\"ls0\"> <span class=\"_ _2a\"></span><span class=\"ls8\">13</span> <span class=\"_ _27\"></span>novembre <span class=\"_ _2a\"></span><span class=\"ls8\">2025</span> <span class=\"_ _27\"></span><span class=\"ls8\">lo</span> <span class=\"_ _2a\"></span>IASB <span class=\"_ _27\"></span>ha <span class=\"_ _2a\"></span>pubblicato <span class=\"_ _2a\"></span><span class=\"lsd\">le<span class=\"_ _2\"></span></span> <span class=\"_ _27\"></span>modifiche <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>llo <span class=\"_ _2a\"></span>IAS <span class=\"_ _27\"></span><span class=\"lsd\">21</span> <span class=\"_ _27\"></span><span class=\"ff7\">\u201cTranslation</span> <span class=\"_ _2a\"></span><span class=\"lsb\">to</span> <span class=\"_ _27\"></span>a </span></span></span>hyperinflationary presentation <span class=\"_ _23\"></span><span class=\"ff7\">currency\u201d<span class=\"_ _2\"></span>,<span class=\"ff3\"> che <span class=\"_ _23\"></span>chia<span class=\"_ _2\"></span>riscono <span class=\"_ _23\"></span><span class=\"ls8\">il<span class=\"ls0\"> trattamento <span class=\"_ _23\"></span>conta<span class=\"_ _2\"></span>bile quando <span class=\"_ _23\"></span>i </span></span></span></span>bilanci <span class=\"_ _27\"></span>sono <span class=\"_ _27\"></span>presentati <span class=\"_ _27\"></span><span class=\"ls8\">in</span> <span class=\"_ _27\"></span><span class=\"ls9\">una</span> <span class=\"_ _27\"></span>valuta <span class=\"_ _22\"> </span>di <span class=\"_ _27\"></span>presentazione <span class=\"_ _27\"></span>soggetta <span class=\"_ _2a\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _27\"></span>iperinflazion<span class=\"lse\">e,</span> <span class=\"_ _27\"></span>inclusi <span class=\"_ _27\"></span>i rapporti <span class=\"_ _1\"></span>con <span class=\"ff7\">l\u2019IAS</span> <span class=\"_ _23\"></span><span class=\"ls8\">29,<span class=\"ls0\"> <span class=\"ff7\">l\u2019or<span class=\"_ _23\"></span>dine<span class=\"_ _2\"></span><span class=\"ff3\"> <span class=\"_ _1\"></span>di <span class=\"_ _23\"></span>applic<span class=\"_ _2\"></span>azione tra<span class=\"_ _23\"></span> <span class=\"ffb\">restatement</span> e<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>traduzione <span class=\"_ _1\"></span>e i<span class=\"_ _23\"></span> relativi <span class=\"_ _1\"></span>requisiti </span></span></span></span>di <span class=\"_ _23\"></span>informativa.<span class=\"_ _2\"></span> <span class=\"_ _23\"></span><span class=\"ff7\">L\u2019omologazione<span class=\"ff3\"> </span>nell\u2019Unione<span class=\"ff3\"> <span class=\"_ _24\"></span>E<span class=\"_ _2\"></span>uropea <span class=\"_ _23\"></span>\u00e8 <span class=\"ls8\">in</span> <span class=\"_ _24\"></span>corso <span class=\"_ _23\"></span><span class=\"lse\">e,<span class=\"ls0\"> alla <span class=\"_ _23\"></span>data <span class=\"_ _23\"></span>di <span class=\"_ _1\"></span>approvazione </span></span></span></span>del presente bilancio, non \u00e8 ancora stata definita<span class=\"_ _2\"></span> la data di efficacia. Gli <span class=\"_ _23\"></span>eventua<span class=\"_ _2\"></span>li <span class=\"_ _23\"></span>impatti <span class=\"_ _23\"></span>sul bilancio <span class=\"_ _23\"></span>consolidato <span class=\"_ _23\"></span>del gruppo <span class=\"_ _23\"></span>derivanti <span class=\"_ _23\"></span>da dette <span class=\"_ _23\"></span>modifiche <span class=\"_ _23\"></span>sono <span class=\"_ _23\"></span>in corso<span class=\"_ _1\"></span> di valutazione. <span class=\"_ _23\"></span>A<span class=\"_ _2\"></span>l riguardo <span class=\"_ _23\"></span>si precisa che, <span class=\"_ _23\"></span>sulla base di <span class=\"_ _1\"></span>una preliminare <span class=\"_ _1\"></span>ricognizione <span class=\"_ _1\"></span>delle potenziali<span class=\"_ _1\"></span> fattispecie, non si prevedono impatti significativi diretti su TIP.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-419": {
   "value": "Criteri e procedure di consolidamento  Area di consolidamento L\u2019area <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>cons<span class=\"_ _2\"></span>olidamento <span class=\"_ _2\"></span>comprende <span class=\"_ _2\"></span>la <span class=\"_ _29\"></span>capogruppo <span class=\"_ _2\"></span>TIP <span class=\"_ _29\"></span><span class=\"ff3\">- <span class=\"_ _2\"></span>Tamburi <span class=\"_ _29\"></span>Investment <span class=\"_ _2\"></span>Partners <span class=\"_ _2\"></span>S.p.A. <span class=\"_ _29\"></span>e </span>le <span class=\"_ _28\"></span>societ\u00e0 <span class=\"_ _28\"></span>nelle <span class=\"_ _28\"></span>quali <span class=\"_ _2a\"></span>la <span class=\"_ _28\"></span>stessa <span class=\"_ _28\"></span>esercita <span class=\"_ _28\"></span>direttamente <span class=\"_ _28\"></span>o <span class=\"_ _28\"></span>indirettamente <span class=\"_ _28\"></span>un <span class=\"_ _28\"></span>cont<span class=\"_ _2\"></span>rollo. <span class=\"_ _28\"></span>Un <span class=\"_ _28\"></span>inves<span class=\"_ _2\"></span>titore controlla un\u2019entit\u00e0 o<span class=\"_ _1\"></span>ggetto di <span class=\"_ _23\"></span>investimento quando \u00e8 <span class=\"_ _23\"></span>es<span class=\"_ _2\"></span>posto a <span class=\"ff3\">rendimenti <span class=\"_ _23\"></span>variabili o detiene <span class=\"_ _1\"></span>diritti </span>su <span class=\"_ _2a\"></span>tali <span class=\"_ _2a\"></span>rendimenti, <span class=\"_ _2a\"></span>derivanti <span class=\"_ _28\"></span>da<span class=\"_ _2\"></span>l <span class=\"_ _2a\"></span>proprio <span class=\"_ _28\"></span>rapporto <span class=\"_ _27\"></span>con <span class=\"_ _2a\"></span>la <span class=\"_ _2a\"></span>stessa <span class=\"_ _2a\"></span>e <span class=\"_ _2a\"></span>nel <span class=\"_ _2a\"></span>contempo <span class=\"_ _2a\"></span>ha <span class=\"_ _2a\"></span>la <span class=\"_ _2a\"></span>capacit\u00e0 <span class=\"_ _2a\"></span>di incidere <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>u <span class=\"_ _29\"></span>tali <span class=\"_ _28\"></span>rendimenti, <span class=\"_ _29\"></span>es<span class=\"_ _2\"></span>ercitando <span class=\"_ _29\"></span>il <span class=\"_ _28\"></span>proprio <span class=\"_ _28\"></span>potere <span class=\"_ _28\"></span>su <span class=\"_ _28\"></span>tale <span class=\"_ _29\"></span>entit\u00e0<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>al <span class=\"_ _28\"></span>fine <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>ottenere <span class=\"_ _28\"></span>benefici dalle <span class=\"_ _28\"></span>sue <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>ttivit\u00e0. <span class=\"_ _28\"></span>I <span class=\"_ _2a\"></span>bilanci <span class=\"_ _28\"></span>delle <span class=\"_ _28\"></span>societ\u00e0 <span class=\"_ _28\"></span>controlla<span class=\"_ _2\"></span>te <span class=\"_ _28\"></span>sono <span class=\"_ _28\"></span>inc<span class=\"_ _2\"></span>lusi <span class=\"_ _28\"></span>nel <span class=\"_ _28\"></span>bilancio <span class=\"_ _28\"></span>consolida<span class=\"_ _2\"></span>to <span class=\"_ _28\"></span>a <span class=\"_ _28\"></span>partire dalla <span class=\"_ _24\"></span>data <span class=\"_ _24\"></span>in <span class=\"_ _23\"></span>cui <span class=\"_ _24\"></span>il <span class=\"_ _24\"></span>controllo <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _23\"></span>stato <span class=\"_ _24\"></span>effettivamente <span class=\"_ _24\"></span>trasferito <span class=\"_ _24\"></span>al <span class=\"_ _23\"></span>gruppo <span class=\"_ _24\"></span>e <span class=\"_ _23\"></span>cessano <span class=\"_ _24\"></span>di <span class=\"_ _24\"></span>essere <span class=\"_ _23\"></span>consolidate dalla data in cui il controllo \u00e8 trasferito al di fuori del gruppo. Al <span class=\"_ _22\"> </span>31 <span class=\"_ _22\"> </span>dicembre <span class=\"_ _25\"> </span>2025 <span class=\"_ _22\"> </span><span class=\"ff7\">l\u2019area <span class=\"_ _25\"> </span>di <span class=\"_ _22\"> </span>consolidamento <span class=\"_ _22\"> </span>comprende <span class=\"_ _22\"> </span>le <span class=\"_ _25\"> </span>societ\u00e0 <span class=\"_ _22\"> </span>StarTIP <span class=\"_ _27\"></span>S.r.l., <span class=\"_ _25\"> </span>TXR <span class=\"_ _25\"> </span>S.r.l., </span>Investindesign S.p.A. e Club Design S.r.l. in liquidazione. I dati al 31 dicembre 2025 delle societ\u00e0 controllate sono i seguenti: <table class=\"s w22e hef\" id=\"_85e37828-4b22-42fd-8c66-01b0bf3a5c9f\"><tr><td></td><td></td><td class=\"c x1af yc68 w22f hf0\"><div class=\"t m0 x176 h3 yc67 ff2 fs1 fc0 sc0 ls0 ws0\">Capitale<span class=\"_ _5d\"> </span></div></td><td class=\"c x1b1 yc68 w230 hf0\"><div class=\"t m0 x176 h3 yc67 ff2 fs1 fc0 sc0 ls0 ws0\">Numero<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1b0 h3 yc67 ff2 fs1 fc0 sc0 ls0 ws0\">Numero azioni /<span class=\"_ _5d\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1b2 yc69 w61 h6e\"><div class=\"t m0 x1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Denominazione </div></td><td class=\"c x1b3 yc69 w62 h6e\"><div class=\"t m0 x1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Sede </div></td><td class=\"c x1b5 yc6a w231 hf0\" colspan=\"2\"><div class=\"t m0 x176 h3 yc67 ff2 fs1 fc0 sc0 ls0 ws0\">sociale<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1b4 h3 yc67 ff2 fs1 fc0 sc0 ls0 ws0\">azioni/quote<span class=\"_ _5d\"> </span></div></td><td></td><td class=\"c x1b7 yc6a w232 hf0\"><div class=\"t m0 x176 h3 yc67 ff2 fs1 fc0 sc0 ls0 ws0\">quote possedute<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1b6 h3 yc67 ff2 fs1 fc0 sc0 ls0 ws0\">% possesso<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1b2 yc6b w61 h45\"><div class=\"t m0 x1 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Investindesign S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x1b3 yc6b w62 h45\"><div class=\"t m0 x1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Milano </div></td><td class=\"c x1b8 yc6b w63 h45\"><div class=\"t m0 x30 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">16.000.000 </div></td><td class=\"c x1b9 yc6b w64 h45\"><div class=\"t m0 x2d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">16.000.000 </div></td><td class=\"c x1ba yc6b w65 h45\"><div class=\"t m0 x1d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">8.110.848 </div></td><td class=\"c x1bb yc6b w66 h45\"><div class=\"t m0 x82 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">50,69% </div></td></tr><tr><td class=\"c x1b2 yc6c w61 h6f\"><div class=\"t m0 x1 hf y3eb ff3 fs0 fc0 sc0 ls0 ws0\">Club Design S.r.l. <span class=\"ls4a\">in</span> </div><div class=\"t m0 x1 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">liquidazione <span class=\"fsb\">(<span class=\"_ _2\"></span>1)</span> </div></td><td class=\"c x1b3 yc6c w62 h6f\"><div class=\"t m0 x1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Milano </div></td><td class=\"c x1b8 yc6c w63 h6f\"><div class=\"t m0 x85 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">100.000 </div></td><td class=\"c x1b9 yc6c w64 h6f\"><div class=\"t m0 x2c hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">100.000 </div></td><td class=\"c x1ba yc6c w65 h6f\"><div class=\"t m0 x52 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">20.000 </div></td><td class=\"c x1bb yc6c w66 h6f\"><div class=\"t m0 x82 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">20,00% </div></td></tr><tr><td class=\"c x1b2 yc6d w61 h45\"><div class=\"t m0 x1 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">StarTIP S.r.l. </div></td><td class=\"c x1b3 yc6d w62 h45\"><div class=\"t m0 x1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Milano </div></td><td class=\"c x1b8 yc6d w63 h45\"><div class=\"t m0 x8c hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">50.000 </div></td><td class=\"c x1b9 yc6d w64 h45\"><div class=\"t m0 x6f hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">50.000 </div></td><td class=\"c x1ba yc6d w65 h45\"><div class=\"t m0 x52 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">50.000 </div></td><td class=\"c x1bb yc6d w66 h45\"><div class=\"t m0 x2d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">100,00% </div></td></tr><tr><td class=\"c x1b2 yc6e w61 h45\"><div class=\"t m0 x1 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">TXR S.r.l. </div></td><td class=\"c x1b3 yc6e w62 h45\"><div class=\"t m0 x1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Milano </div></td><td class=\"c x1b8 yc6e w63 h45\"><div class=\"t m0 x85 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">100.000 </div></td><td class=\"c x1b9 yc6e w64 h45\"><div class=\"t m0 x2c hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">100.000 </div></td><td class=\"c x1ba yc6e w65 h45\"><div class=\"t m0 x7f hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">100.000 </div></td><td class=\"c x1bb yc6e w66 h45\"><div class=\"t m0 x2d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">100,00% </div></td></tr></table>(1) Partecipazion<span class=\"_ _1\"></span>e considerata con<span class=\"_ _23\"></span>t<span class=\"_ _2\"></span>rollata in vir<span class=\"_ _1\"></span>t\u00f9 dei diritti di <span class=\"ffb\">governanc<span class=\"_ _1\"></span>e<span class=\"ff3\"> </span></span>Procedure di consolidamento<span class=\"_ _5d\"> </span>Il <span class=\"_ _2a\"></span>consolidamento <span class=\"_ _27\"></span>delle <span class=\"_ _2a\"></span>societ\u00e0<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>controllate <span class=\"_ _2a\"></span>a<span class=\"_ _2\"></span>vviene <span class=\"_ _28\"></span>s<span class=\"_ _2\"></span>ulla <span class=\"_ _2a\"></span>base <span class=\"_ _27\"></span>delle <span class=\"_ _2a\"></span>rispettive <span class=\"_ _2a\"></span>situazioni <span class=\"_ _27\"></span>contabili<span class=\"_ _5d\"> </span>opportunamente <span class=\"_ _4b\"> </span>rettificate <span class=\"_ _4b\"> </span>per <span class=\"_ _4b\"> </span>renderle <span class=\"_ _4b\"> </span>omogenee <span class=\"_ _52\"> </span>con <span class=\"_ _4b\"> </span>i <span class=\"_ _4b\"> </span>principi <span class=\"_ _4b\"> </span>contabili <span class=\"_ _4b\"> </span>adottati <span class=\"_ _52\"> </span>dalla<span class=\"_ _5d\"> </span>capogruppo.<span class=\"_ _5d\"> </span>Tutti <span class=\"_ _29\"></span>i <span class=\"_ _29\"></span>saldi <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span><span class=\"ls8\">le</span> <span class=\"_ _28\"></span>transazioni <span class=\"_ _29\"></span>infragruppo, <span class=\"_ _29\"></span>inclusi <span class=\"_ _29\"></span>eventuali <span class=\"_ _29\"></span>utili<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>non <span class=\"_ _29\"></span>realizzati <span class=\"_ _29\"></span>derivanti <span class=\"_ _29\"></span>da <span class=\"_ _29\"></span>rapporti<span class=\"_ _5d\"> </span>intrattenuti <span class=\"_ _29\"></span>tra <span class=\"_ _28\"></span>societ\u00e0 <span class=\"_ _28\"></span>del <span class=\"_ _29\"></span>gruppo, <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ono <span class=\"_ _29\"></span>completamente <span class=\"_ _28\"></span>eliminati. <span class=\"_ _29\"></span><span class=\"ls11\">Le<span class=\"_ _2\"></span></span> <span class=\"_ _29\"></span>perdite <span class=\"_ _29\"></span>non <span class=\"_ _28\"></span>realizzate <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ono<span class=\"_ _5d\"> </span>eliminate <span class=\"lsa\">ad</span> eccezione del caso <span class=\"ls8\">in</span> cui esse siano rappresentative <span class=\"lsf\">di</span> perdite<span class=\"_ _2\"></span> durevoli di valore.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-420": {
   "value": "I<span class=\"fs6\">MMOBILI</span>,<span class=\"fs6\"> IMPIANTI E<span class=\"_ _2\"></span> MACCHINARI<span class=\"_ _5d\"> </span></span>Le <span class=\"_ _19\"> </span>immobilizza<span class=\"_ _2\"></span>zioni <span class=\"_ _19\"> </span>materiali  sono <span class=\"_ _19\"> </span>rilevate <span class=\"_ _19\"> </span>al  co<span class=\"_ _1\"></span>sto <span class=\"_ _19\"> </span>s<span class=\"_ _2\"></span>torico, <span class=\"_ _19\"> </span>comprensivo <span class=\"_ _12\"> </span>dei <span class=\"_ _19\"> </span>cos<span class=\"_ _2\"></span>ti <span class=\"_ _19\"> </span>accessori<span class=\"_ _5d\"> </span>direttamente <span class=\"_ _19\"> </span>imputabili <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>necessari <span class=\"_ _25\"> </span>alla<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>messa <span class=\"_ _19\"> </span>in <span class=\"_ _25\"> </span>funzione <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>bene <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>l\u2019<span class=\"_ _1\"></span>uso <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>cui <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _25\"> </span>stato<span class=\"_ _5d\"> </span>acquistato. Qualora parti s<span class=\"_ _1\"></span>ignificative di tali immobilizzazioni materiali abbiano differenti vite util<span class=\"_ _1\"></span>i,<span class=\"_ _5d\"> </span>tali componenti sono contabilizzate separatamente. Le <span class=\"_ _22\"> </span>immobilizzazioni <span class=\"_ _22\"> </span>materiali <span class=\"_ _25\"> </span>sono <span class=\"_ _22\"> </span>esposte <span class=\"_ _22\"> </span>al <span class=\"_ _22\"> </span>netto <span class=\"_ _22\"> </span>dei <span class=\"_ _25\"> </span>relativi <span class=\"_ _22\"> </span>ammortamenti <span class=\"_ _22\"> </span>accumulati <span class=\"_ _22\"> </span>e <span class=\"_ _22\"> </span>di<span class=\"_ _5d\"> </span>eventuali perdite di valore determinate secondo le modalit\u00e0 descritte nel seguito. L\u2019ammortamento \u00e8 calcolato in <span class=\"_ _2\"></span>quote costanti in <span class=\"_ _2\"></span>base alla vita utile stimata del bene per <span class=\"_ _2\"></span>l\u2019impresa,<span class=\"_ _5d\"> </span>che <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _23\"></span>riesaminata <span class=\"_ _24\"></span>con <span class=\"_ _24\"></span>periodicit\u00e0 <span class=\"_ _23\"></span>annuale. <span class=\"_ _24\"></span>Eventuali <span class=\"_ _24\"></span>cambia<span class=\"_ _2\"></span>menti, <span class=\"_ _24\"></span>laddove <span class=\"_ _24\"></span>necessari, <span class=\"_ _24\"></span>sono <span class=\"_ _23\"></span>apportati<span class=\"_ _5d\"> </span>con applicazione prospettica; le principali aliquote economico-tecniche utilizzate sono le seguenti:<table class=\"s w22d hee\" id=\"_18e38ad1-2852-4e55-a606-22f6cf0f0c4b\"><tr><td class=\"c x1ab yc61 w67 h69\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">- </div></td><td class=\"c x1ac yc61 w68 h69\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">mobili e arredi </div></td><td class=\"c x1ad yc61 w69 h69\"><div class=\"t m0 x35 h7 y28d ff3 fs1 fc0 sc0 ls8 ws0\">12%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yc62 w67 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">- </div></td><td class=\"c x1ac yc62 w68 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">apparecchi ed impianti vari </div></td><td class=\"c x1ad yc62 w69 h45\"><div class=\"t m0 x35 h7 y28d ff3 fs1 fc0 sc0 ls8 ws0\">15%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yc63 w67 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">- </div></td><td class=\"c x1ac yc63 w68 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">macchine ufficio elettroniche  </div></td><td class=\"c x1ad yc63 w69 h45\"><div class=\"t m0 x35 h7 y28d ff3 fs1 fc0 sc0 ls8 ws0\">20%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yc64 w67 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">- </div></td><td class=\"c x1ac yc64 w68 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">telefoni cellulari </div></td><td class=\"c x1ad yc64 w69 h45\"><div class=\"t m0 x35 h7 y28d ff3 fs1 fc0 sc0 ls8 ws0\">20%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yc65 w67 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">- </div></td><td class=\"c x1ac yc65 w68 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">attrezzature  </div></td><td class=\"c x1ad yc65 w69 h45\"><div class=\"t m0 x35 h7 y28d ff3 fs1 fc0 sc0 ls8 ws0\">15%<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yc66 w67 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">- </div></td><td class=\"c x1ac yc66 w68 h45\"><div class=\"t m0 x15 h7 y28d ff3 fs1 fc0 sc0 ls0 ws0\">Autovetture </div></td><td class=\"c x1ad yc66 w69 h45\"><div class=\"t m0 x35 h7 y28d ff3 fs1 fc0 sc0 ls8 ws0\">25%<span class=\"ls0\"> </span></div></td></tr></table>Il <span class=\"_ _25\"> </span>valore <span class=\"_ _25\"> </span>contabile <span class=\"_ _19\"> </span>delle <span class=\"_ _22\"> </span>immobilizzazioni <span class=\"_ _19\"> </span>materi<span class=\"_ _1\"></span>ali <span class=\"_ _22\"> </span>\u00e8 <span class=\"_ _19\"> </span>periodicamente <span class=\"_ _25\"> </span>sottoposto <span class=\"_ _25\"> </span>a <span class=\"_ _25\"> </span>verifica <span class=\"_ _25\"> </span>per<span class=\"_ _5d\"> </span>rilevarne <span class=\"_ _2a\"></span>eventuali <span class=\"_ _28\"></span>perdite <span class=\"_ _2a\"></span>di <span class=\"_ _2a\"></span>valore, <span class=\"_ _2a\"></span>qualora <span class=\"_ _2a\"></span>eventi <span class=\"_ _28\"></span>o <span class=\"_ _2a\"></span>ca<span class=\"_ _2\"></span>mbiamenti <span class=\"_ _28\"></span>di <span class=\"_ _2a\"></span>situazione <span class=\"_ _2a\"></span>indichino <span class=\"_ _2a\"></span>che <span class=\"_ _28\"></span>il<span class=\"_ _5d\"> </span>valore <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>carico <span class=\"_ _29\"></span>non <span class=\"_ _29\"></span>possa <span class=\"_ _29\"></span>essere <span class=\"_ _29\"></span>recuperato. <span class=\"_ _29\"></span>Se <span class=\"_ _29\"></span>esiste <span class=\"_ _29\"></span>un'in<span class=\"_ _2\"></span>dicazione <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>questo <span class=\"_ _2\"></span>tipo <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span>nel <span class=\"_ _2\"></span>caso <span class=\"_ _28\"></span>in<span class=\"_ _5d\"> </span>cui <span class=\"_ _24\"></span>il <span class=\"_ _23\"></span>valore <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>carico <span class=\"_ _24\"></span>ecceda <span class=\"_ _24\"></span>il <span class=\"_ _23\"></span>valore <span class=\"_ _24\"></span>pres<span class=\"_ _2\"></span>umibile <span class=\"_ _24\"></span>di <span class=\"_ _24\"></span>rea<span class=\"_ _2\"></span>lizzo, <span class=\"_ _24\"></span>le <span class=\"_ _23\"></span>attivit\u00e0 <span class=\"_ _24\"></span>sono <span class=\"_ _24\"></span>sva<span class=\"_ _2\"></span>lutate <span class=\"_ _24\"></span>fino <span class=\"_ _24\"></span>a <span class=\"_ _23\"></span>riflettere<span class=\"_ _5d\"> </span>il <span class=\"_ _29\"></span>loro <span class=\"_ _28\"></span>valore <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>realizzo. <span class=\"_ _28\"></span>Il <span class=\"_ _29\"></span>valore <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>realizzo <span class=\"_ _29\"></span>delle <span class=\"_ _28\"></span>immobilizzazioni <span class=\"_ _29\"></span>material<span class=\"_ _2\"></span>i <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _28\"></span>rappresentato <span class=\"_ _29\"></span>dal<span class=\"_ _5d\"> </span>maggiore <span class=\"_ _23\"></span>tra <span class=\"_ _23\"></span>il <span class=\"_ _1\"></span>prezzo <span class=\"_ _23\"></span>netto <span class=\"_ _23\"></span>di <span class=\"_ _1\"></span>vendita <span class=\"_ _23\"></span>e il <span class=\"_ _24\"></span>valore <span class=\"_ _1\"></span>d'uso. <span class=\"_ _23\"></span>Nel <span class=\"_ _23\"></span>definire il <span class=\"_ _24\"></span>valore <span class=\"_ _1\"></span>d'uso, <span class=\"_ _23\"></span>i <span class=\"_ _23\"></span>fluss<span class=\"_ _2\"></span>i <span class=\"_ _23\"></span>finanziari<span class=\"_ _5d\"> </span>futuri <span class=\"_ _22\"> </span>a<span class=\"_ _2\"></span>ttesi <span class=\"_ _25\"> </span>sono <span class=\"_ _25\"> </span>a<span class=\"_ _2\"></span>ttualizzati <span class=\"_ _25\"> </span>utilizzando <span class=\"_ _25\"> </span>un <span class=\"_ _19\"> </span>ta<span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>so <span class=\"_ _22\"> </span>di <span class=\"_ _19\"> </span>sconto <span class=\"_ _25\"> </span>a<span class=\"_ _2\"></span>nte<span class=\"ffb\"> <span class=\"_ _25\"> </span></span>imposte <span class=\"_ _25\"> </span>che <span class=\"_ _25\"> </span>riflette <span class=\"_ _25\"> </span>la <span class=\"_ _25\"> </span>s<span class=\"_ _2\"></span>tima<span class=\"_ _5d\"> </span>corrente <span class=\"_ _23\"></span>del mercato <span class=\"_ _23\"></span>riferito <span class=\"_ _23\"></span>al co<span class=\"_ _1\"></span>sto <span class=\"_ _23\"></span>del d<span class=\"_ _1\"></span>enaro <span class=\"_ _23\"></span>rapportato <span class=\"_ _1\"></span>al <span class=\"_ _23\"></span>tempo e <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span>i <span class=\"_ _23\"></span>rischi <span class=\"_ _23\"></span>spec<span class=\"_ _2\"></span>ifici <span class=\"_ _23\"></span>dell'attivit\u00e0.<span class=\"_ _5d\"> </span>Le <span class=\"_ _22\"> </span>perdite <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>valore <span class=\"_ _25\"> </span>sono <span class=\"_ _25\"> </span>contabilizzate <span class=\"_ _25\"> </span>nel <span class=\"_ _22\"> </span>conto <span class=\"_ _25\"> </span>economico <span class=\"_ _25\"> </span>fra <span class=\"_ _25\"> </span>i <span class=\"_ _22\"> </span>costi <span class=\"_ _25\"> </span>per <span class=\"_ _22\"> </span>a<span class=\"_ _2\"></span>mmortamenti <span class=\"_ _22\"> </span>e<span class=\"_ _5d\"> </span>svalutazioni. <span class=\"_ _29\"></span>Tali <span class=\"_ _29\"></span>perdite <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>valore <span class=\"_ _28\"></span>sono <span class=\"_ _29\"></span>ripristinate <span class=\"_ _29\"></span>nel <span class=\"_ _28\"></span>caso <span class=\"_ _29\"></span>in <span class=\"_ _29\"></span>cui<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>vengano <span class=\"_ _29\"></span>meno <span class=\"_ _28\"></span>i <span class=\"_ _29\"></span>motivi <span class=\"_ _29\"></span>che <span class=\"_ _29\"></span>le<span class=\"_ _5d\"> </span>hanno generate.<span class=\"_ _5d\"> </span>Al <span class=\"_ _2\"></span>momento della<span class=\"_ _2\"></span> ve<span class=\"_ _2\"></span>ndita o qua<span class=\"_ _2\"></span>ndo non <span class=\"_ _2\"></span>sus<span class=\"_ _2\"></span>sistono benefici <span class=\"_ _2\"></span>economici <span class=\"_ _2\"></span>futuri attesi <span class=\"_ _2\"></span>dall'uso <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>un<span class=\"_ _5d\"> </span>bene, <span class=\"_ _2\"></span>esso <span class=\"_ _2\"></span>viene <span class=\"_ _2\"></span>eliminato dal <span class=\"_ _2\"></span>bila<span class=\"_ _2\"></span>ncio <span class=\"_ _2\"></span>e l'<span class=\"_ _2\"></span>eventuale perdita<span class=\"_ _2\"></span> o <span class=\"_ _2\"></span>utile <span class=\"_ _2\"></span>(calcola<span class=\"_ _2\"></span>ti come <span class=\"_ _2\"></span>differenza <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span>il<span class=\"_ _5d\"> </span>valore <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>cessione <span class=\"_ _28\"></span>e <span class=\"_ _28\"></span>il <span class=\"_ _28\"></span>valore <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>carico) <span class=\"_ _28\"></span>viene <span class=\"_ _28\"></span>rilevata <span class=\"_ _28\"></span>a <span class=\"_ _28\"></span>conto <span class=\"_ _29\"></span>ec<span class=\"_ _2\"></span>onomico <span class=\"_ _29\"></span>nell'anno <span class=\"_ _28\"></span>della <span class=\"_ _28\"></span>suddetta<span class=\"_ _5d\"> </span>eliminazione.<span class=\"_ _5d\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-421": {
   "value": "A<span class=\"fs6\">VVIAMENTO </span><span class=\"fs6\"> </span>Le <span class=\"_ _22\"> </span>aggregazioni <span class=\"_ _22\"> </span>aziendali <span class=\"_ _22\"> </span>sono <span class=\"_ _25\"> </span>contabilizzate <span class=\"_ _27\"></span>a<span class=\"_ _2\"></span>pplicando <span class=\"_ _22\"> </span>il <span class=\"_ _22\"> </span>metodo <span class=\"_ _22\"> </span>dell\u2019acquisto. <span class=\"_ _22\"> </span>L\u2019avviamento<span class=\"_ _5d\"> </span> rappresenta l\u2019eccedenza d<span class=\"_ _23\"></span>el costo d'acquisto risp<span class=\"_ _1\"></span>etto alla quota <span class=\"_ _23\"></span>di pertinenza dell'acquirente <span class=\"_ _1\"></span>del <span class=\"ffb\">fair<span class=\"_ _5d\"> </span></span><span class=\"ffb\"> </span>value <span class=\"_ _27\"></span><span class=\"ff3\">netto <span class=\"_ _2a\"></span>riferito <span class=\"_ _27\"></span>ai <span class=\"_ _27\"></span>valori <span class=\"_ _2a\"></span>identificabili <span class=\"_ _27\"></span>delle <span class=\"_ _27\"></span>attivit\u00e0 <span class=\"_ _2a\"></span>e <span class=\"_ _27\"></span>delle <span class=\"_ _27\"></span>passivit\u00e0 <span class=\"_ _27\"></span>attuali <span class=\"_ _2a\"></span>e <span class=\"_ _27\"></span>potenziali. <span class=\"_ _27\"></span>Dopo<span class=\"_ _5d\"> </span></span><span class=\"ff3\"> </span>l\u2019iniziale <span class=\"_ _29\"></span>iscrizione, <span class=\"_ _28\"></span>l'avviamento <span class=\"_ _29\"></span>viene <span class=\"_ _28\"></span>decrementato <span class=\"_ _29\"></span>delle <span class=\"_ _29\"></span>ev<span class=\"_ _2\"></span>entuali <span class=\"_ _29\"></span>perdite <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>valore <span class=\"_ _28\"></span>accumulate,<span class=\"_ _5d\"> </span> determinate con le modalit\u00e0 descritte nel seguito.  L\u2019avviamento <span class=\"_ _2\"></span>derivante <span class=\"_ _29\"></span>da <span class=\"_ _2\"></span>acquisizioni <span class=\"_ _2\"></span>effettuate <span class=\"_ _2\"></span>prece<span class=\"_ _2\"></span>dentemente <span class=\"_ _2\"></span>all\u20191 <span class=\"_ _2\"></span>gennaio <span class=\"_ _2\"></span>2004 <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _2\"></span>iscritto <span class=\"_ _29\"></span>al<span class=\"_ _5d\"> </span> sostituto <span class=\"_ _29\"></span>del <span class=\"_ _28\"></span>costo, <span class=\"_ _28\"></span>pari <span class=\"_ _28\"></span>al <span class=\"_ _29\"></span>valore <span class=\"_ _28\"></span>registrato <span class=\"_ _28\"></span>a <span class=\"_ _29\"></span>tal<span class=\"_ _2\"></span>e <span class=\"_ _29\"></span>titolo <span class=\"_ _28\"></span>nell\u2019ultimo <span class=\"_ _28\"></span>bilancio <span class=\"_ _28\"></span>redatto <span class=\"_ _29\"></span>sulla <span class=\"_ _28\"></span>base <span class=\"_ _28\"></span>dei<span class=\"_ _5d\"> </span> precedenti principi <span class=\"_ _23\"></span>contabili applicati (31 <span class=\"_ _23\"></span>dicembre<span class=\"_ _2\"></span> 2<span class=\"_ _23\"></span>003). In <span class=\"_ _23\"></span>fas<span class=\"_ _2\"></span>e di <span class=\"_ _23\"></span>predisposizione del bilancio <span class=\"_ _23\"></span>di<span class=\"_ _5d\"> </span> apertura <span class=\"_ _48\"> </span>secondo <span class=\"_ _8\"> </span>i <span class=\"_ _48\"> </span>principi <span class=\"_ _8\"> </span>contabili <span class=\"_ _48\"> </span>internazionali <span class=\"_ _8\"> </span>non <span class=\"_ _48\"> </span>sono <span class=\"_ _48\"> </span>s<span class=\"_ _2\"></span>tate, <span class=\"_ _48\"> </span>infatti, <span class=\"_ _48\"> </span>riconsiderate <span class=\"_ _8\"> </span>le<span class=\"_ _5d\"> </span> operazioni di acquisizione effettuate anteriormente al 1\u00b0 gennaio 2004.  L\u2019avviamento <span class=\"_ _1\"></span>viene <span class=\"_ _23\"></span>sottoposto <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>un'a<span class=\"_ _2\"></span>nalisi <span class=\"_ _23\"></span>di recup<span class=\"_ _1\"></span>erabilit\u00e0 <span class=\"_ _1\"></span>con <span class=\"_ _23\"></span>ca<span class=\"_ _2\"></span>denza <span class=\"_ _23\"></span>annuale <span class=\"_ _23\"></span>o anche <span class=\"_ _23\"></span>pi\u00f9 breve<span class=\"_ _5d\"> </span><span class=\"_ _1\"></span> nel <span class=\"_ _23\"></span>caso <span class=\"_ _24\"></span>in <span class=\"_ _23\"></span>cui <span class=\"_ _24\"></span>s<span class=\"_ _2\"></span>i <span class=\"_ _24\"></span>verifichino <span class=\"_ _24\"></span>ev<span class=\"_ _2\"></span>enti <span class=\"_ _24\"></span>o <span class=\"_ _23\"></span>cambiamenti <span class=\"_ _23\"></span>di <span class=\"_ _24\"></span>circostanze <span class=\"_ _23\"></span>che <span class=\"_ _24\"></span>possano <span class=\"_ _23\"></span>far <span class=\"_ _24\"></span>emergere <span class=\"_ _23\"></span>eventuali<span class=\"_ _5d\"> </span> perdite <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>valore. <span class=\"_ _19\"> </span>Alla <span class=\"_ _22\"> </span>data <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>acquisizione, <span class=\"_ _22\"> </span>l'eventua<span class=\"_ _2\"></span>le <span class=\"_ _25\"> </span>avviamento <span class=\"_ _25\"> </span>eme<span class=\"_ _2\"></span>rgente <span class=\"_ _22\"> </span>vie<span class=\"_ _2\"></span>ne <span class=\"_ _25\"> </span>allocato <span class=\"_ _25\"> </span>a<span class=\"_ _5d\"> </span> ciascuna <span class=\"_ _25\"> </span>delle <span class=\"_ _19\"> </span>unit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _25\"> </span>generatrici <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>flussi <span class=\"_ _25\"> </span>finanziari <span class=\"_ _25\"> </span>che <span class=\"_ _19\"> </span>ci <span class=\"_ _22\"> </span>si <span class=\"_ _19\"> </span>attende<span class=\"_ _1\"></span> <span class=\"_ _25\"> </span>beneficeranno <span class=\"_ _19\"> </span>degli <span class=\"_ _22\"> </span>effetti<span class=\"_ _5d\"> </span> derivanti <span class=\"_ _27\"></span>dall'<span class=\"_ _2\"></span>acquisizione. <span class=\"_ _27\"></span>L'eventuale <span class=\"_ _22\"> </span>perdita <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>valore <span class=\"_ _27\"></span>\u00e8 <span class=\"_ _22\"> </span>identificata <span class=\"_ _27\"></span>attraverso <span class=\"_ _22\"> </span>valutazioni <span class=\"_ _27\"></span>che<span class=\"_ _5d\"> </span> prendono a rif<span class=\"_ _1\"></span>erimento la capacit\u00e0 di <span class=\"_ _23\"></span>ciascuna unit\u00e0 di <span class=\"_ _1\"></span>produrre flussi finanziari <span class=\"_ _23\"></span>atti a recuperare la<span class=\"_ _5d\"> </span> parte di avviamento a <span class=\"_ _23\"></span>essa allocata, con le <span class=\"_ _23\"></span>moda<span class=\"_ _2\"></span>lit\u00e0 precedentemente <span class=\"_ _23\"></span>indic<span class=\"_ _2\"></span>ate nella s<span class=\"_ _1\"></span>ezione relativa<span class=\"_ _5d\"> </span> agli <span class=\"_ _19\"> </span>immobili,<span class=\"_ _23\"></span> <span class=\"_ _19\"> </span>impianti <span class=\"_ _25\"> </span>e <span class=\"_ _25\"> </span>macchinari. <span class=\"_ _19\"> </span>Nel <span class=\"_ _22\"> </span>caso <span class=\"_ _19\"> </span>in <span class=\"_ _22\"> </span>cui <span class=\"_ _19\"> </span>il <span class=\"_ _25\"> </span>valore <span class=\"_ _25\"> </span>r<span class=\"_ _2\"></span>ecuperabile <span class=\"_ _19\"> </span>da <span class=\"_ _25\"> </span>parte <span class=\"_ _25\"> </span>dell'unit\u00e0<span class=\"_ _5d\"> </span> generatrice di flussi sia inferiore al valore di carico attribuito, si rileva la relativa perdita di valore.  Tale <span class=\"_ _24\"></span>perdita<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>valore <span class=\"_ _23\"></span>non <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _23\"></span>ripristinata <span class=\"_ _23\"></span>nel <span class=\"_ _24\"></span>caso <span class=\"_ _24\"></span>in <span class=\"_ _23\"></span>cui <span class=\"_ _23\"></span>vengano <span class=\"_ _23\"></span>meno <span class=\"_ _24\"></span>i <span class=\"_ _23\"></span>motivi <span class=\"_ _23\"></span>che <span class=\"_ _24\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>hanno <span class=\"_ _23\"></span>generata",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-470": {
   "value": "A<span class=\"fs6\">VVIAMENTO </span>Le <span class=\"_ _22\"> </span>aggregazioni <span class=\"_ _22\"> </span>aziendali <span class=\"_ _22\"> </span>sono <span class=\"_ _25\"> </span>contabilizzate <span class=\"_ _27\"></span>a<span class=\"_ _2\"></span>pplicando <span class=\"_ _22\"> </span>il <span class=\"_ _22\"> </span>metodo <span class=\"_ _22\"> </span>dell\u2019acquisto. <span class=\"_ _22\"> </span>L\u2019avviamento<span class=\"_ _5d\"> </span>rappresenta l\u2019eccedenza d<span class=\"_ _23\"></span>el costo d'acquisto risp<span class=\"_ _1\"></span>etto alla quota <span class=\"_ _23\"></span>di pertinenza dell'acquirente <span class=\"_ _1\"></span>del <span class=\"ffb\">fair<span class=\"_ _5d\"> </span></span>value <span class=\"_ _27\"></span><span class=\"ff3\">netto <span class=\"_ _2a\"></span>riferito <span class=\"_ _27\"></span>ai <span class=\"_ _27\"></span>valori <span class=\"_ _2a\"></span>identificabili <span class=\"_ _27\"></span>delle <span class=\"_ _27\"></span>attivit\u00e0 <span class=\"_ _2a\"></span>e <span class=\"_ _27\"></span>delle <span class=\"_ _27\"></span>passivit\u00e0 <span class=\"_ _27\"></span>attuali <span class=\"_ _2a\"></span>e <span class=\"_ _27\"></span>potenziali. <span class=\"_ _27\"></span>Dopo<span class=\"_ _5d\"> </span></span>l\u2019iniziale <span class=\"_ _29\"></span>iscrizione, <span class=\"_ _28\"></span>l'avviamento <span class=\"_ _29\"></span>viene <span class=\"_ _28\"></span>decrementato <span class=\"_ _29\"></span>delle <span class=\"_ _29\"></span>ev<span class=\"_ _2\"></span>entuali <span class=\"_ _29\"></span>perdite <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>valore <span class=\"_ _28\"></span>accumulate,<span class=\"_ _5d\"> </span>determinate con le modalit\u00e0 descritte nel seguito. L\u2019avviamento <span class=\"_ _2\"></span>derivante <span class=\"_ _29\"></span>da <span class=\"_ _2\"></span>acquisizioni <span class=\"_ _2\"></span>effettuate <span class=\"_ _2\"></span>prece<span class=\"_ _2\"></span>dentemente <span class=\"_ _2\"></span>all\u20191 <span class=\"_ _2\"></span>gennaio <span class=\"_ _2\"></span>2004 <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _2\"></span>iscritto <span class=\"_ _29\"></span>al<span class=\"_ _5d\"> </span>sostituto <span class=\"_ _29\"></span>del <span class=\"_ _28\"></span>costo, <span class=\"_ _28\"></span>pari <span class=\"_ _28\"></span>al <span class=\"_ _29\"></span>valore <span class=\"_ _28\"></span>registrato <span class=\"_ _28\"></span>a <span class=\"_ _29\"></span>tal<span class=\"_ _2\"></span>e <span class=\"_ _29\"></span>titolo <span class=\"_ _28\"></span>nell\u2019ultimo <span class=\"_ _28\"></span>bilancio <span class=\"_ _28\"></span>redatto <span class=\"_ _29\"></span>sulla <span class=\"_ _28\"></span>base <span class=\"_ _28\"></span>dei<span class=\"_ _5d\"> </span>precedenti principi <span class=\"_ _23\"></span>contabili applicati (31 <span class=\"_ _23\"></span>dicembre<span class=\"_ _2\"></span> 2<span class=\"_ _23\"></span>003). In <span class=\"_ _23\"></span>fas<span class=\"_ _2\"></span>e di <span class=\"_ _23\"></span>predisposizione del bilancio <span class=\"_ _23\"></span>di<span class=\"_ _5d\"> </span>apertura <span class=\"_ _48\"> </span>secondo <span class=\"_ _8\"> </span>i <span class=\"_ _48\"> </span>principi <span class=\"_ _8\"> </span>contabili <span class=\"_ _48\"> </span>internazionali <span class=\"_ _8\"> </span>non <span class=\"_ _48\"> </span>sono <span class=\"_ _48\"> </span>s<span class=\"_ _2\"></span>tate, <span class=\"_ _48\"> </span>infatti, <span class=\"_ _48\"> </span>riconsiderate <span class=\"_ _8\"> </span>le<span class=\"_ _5d\"> </span>operazioni di acquisizione effettuate anteriormente al 1\u00b0 gennaio 2004. L\u2019avviamento <span class=\"_ _1\"></span>viene <span class=\"_ _23\"></span>sottoposto <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>un'a<span class=\"_ _2\"></span>nalisi <span class=\"_ _23\"></span>di recup<span class=\"_ _1\"></span>erabilit\u00e0 <span class=\"_ _1\"></span>con <span class=\"_ _23\"></span>ca<span class=\"_ _2\"></span>denza <span class=\"_ _23\"></span>annuale <span class=\"_ _23\"></span>o anche <span class=\"_ _23\"></span>pi\u00f9 breve<span class=\"_ _5d\"> </span>nel <span class=\"_ _23\"></span>caso <span class=\"_ _24\"></span>in <span class=\"_ _23\"></span>cui <span class=\"_ _24\"></span>s<span class=\"_ _2\"></span>i <span class=\"_ _24\"></span>verifichino <span class=\"_ _24\"></span>ev<span class=\"_ _2\"></span>enti <span class=\"_ _24\"></span>o <span class=\"_ _23\"></span>cambiamenti <span class=\"_ _23\"></span>di <span class=\"_ _24\"></span>circostanze <span class=\"_ _23\"></span>che <span class=\"_ _24\"></span>possano <span class=\"_ _23\"></span>far <span class=\"_ _24\"></span>emergere <span class=\"_ _23\"></span>eventuali<span class=\"_ _5d\"> </span>perdite <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>valore. <span class=\"_ _19\"> </span>Alla <span class=\"_ _22\"> </span>data <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>acquisizione, <span class=\"_ _22\"> </span>l'eventua<span class=\"_ _2\"></span>le <span class=\"_ _25\"> </span>avviamento <span class=\"_ _25\"> </span>eme<span class=\"_ _2\"></span>rgente <span class=\"_ _22\"> </span>vie<span class=\"_ _2\"></span>ne <span class=\"_ _25\"> </span>allocato <span class=\"_ _25\"> </span>a<span class=\"_ _5d\"> </span>ciascuna <span class=\"_ _25\"> </span>delle <span class=\"_ _19\"> </span>unit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _25\"> </span>generatrici <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>flussi <span class=\"_ _25\"> </span>finanziari <span class=\"_ _25\"> </span>che <span class=\"_ _19\"> </span>ci <span class=\"_ _22\"> </span>si <span class=\"_ _19\"> </span>attende<span class=\"_ _1\"></span> <span class=\"_ _25\"> </span>beneficeranno <span class=\"_ _19\"> </span>degli <span class=\"_ _22\"> </span>effetti<span class=\"_ _5d\"> </span>derivanti <span class=\"_ _27\"></span>dall'<span class=\"_ _2\"></span>acquisizione. <span class=\"_ _27\"></span>L'eventuale <span class=\"_ _22\"> </span>perdita <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>valore <span class=\"_ _27\"></span>\u00e8 <span class=\"_ _22\"> </span>identificata <span class=\"_ _27\"></span>attraverso <span class=\"_ _22\"> </span>valutazioni <span class=\"_ _27\"></span>che<span class=\"_ _5d\"> </span>prendono a rif<span class=\"_ _1\"></span>erimento la capacit\u00e0 di <span class=\"_ _23\"></span>ciascuna unit\u00e0 di <span class=\"_ _1\"></span>produrre flussi finanziari <span class=\"_ _23\"></span>atti a recuperare la<span class=\"_ _5d\"> </span>parte di avviamento a <span class=\"_ _23\"></span>essa allocata, con le <span class=\"_ _23\"></span>moda<span class=\"_ _2\"></span>lit\u00e0 precedentemente <span class=\"_ _23\"></span>indic<span class=\"_ _2\"></span>ate nella s<span class=\"_ _1\"></span>ezione relativa<span class=\"_ _5d\"> </span>agli <span class=\"_ _19\"> </span>immobili,<span class=\"_ _23\"></span> <span class=\"_ _19\"> </span>impianti <span class=\"_ _25\"> </span>e <span class=\"_ _25\"> </span>macchinari. <span class=\"_ _19\"> </span>Nel <span class=\"_ _22\"> </span>caso <span class=\"_ _19\"> </span>in <span class=\"_ _22\"> </span>cui <span class=\"_ _19\"> </span>il <span class=\"_ _25\"> </span>valore <span class=\"_ _25\"> </span>r<span class=\"_ _2\"></span>ecuperabile <span class=\"_ _19\"> </span>da <span class=\"_ _25\"> </span>parte <span class=\"_ _25\"> </span>dell'unit\u00e0<span class=\"_ _5d\"> </span>generatrice di flussi sia inferiore al valore di carico attribuito, si rileva la relativa perdita di valore. Tale <span class=\"_ _24\"></span>perdita<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>valore <span class=\"_ _23\"></span>non <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _23\"></span>ripristinata <span class=\"_ _23\"></span>nel <span class=\"_ _24\"></span>caso <span class=\"_ _24\"></span>in <span class=\"_ _23\"></span>cui <span class=\"_ _23\"></span>vengano <span class=\"_ _23\"></span>meno <span class=\"_ _24\"></span>i <span class=\"_ _23\"></span>motivi <span class=\"_ _23\"></span>che <span class=\"_ _24\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>hanno <span class=\"_ _23\"></span>generata.<span class=\"_ _5d\"> </span>A<span class=\"fs6\">LTRE </span>A<span class=\"fs6\">TTIVIT\u00c0 IMMATERIALI </span>Le a<span class=\"_ _2\"></span>ltre attivit\u00e0 <span class=\"_ _2\"></span>immateriali <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>rilevate <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>costo, <span class=\"_ _2\"></span>determinato <span class=\"_ _2\"></span>secondo <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>stesse moda<span class=\"_ _2\"></span>lit\u00e0 indicate<span class=\"_ _5d\"> </span>per le immobilizzazioni materiali. Le altre attivit\u00e0 immateriali aventi<span class=\"_ _1\"></span> vita utile definita <span class=\"_ _1\"></span>sono iscritte al netto dei<span class=\"_ _1\"></span> relativi ammortamenti<span class=\"_ _5d\"> </span>accumulati <span class=\"_ _27\"></span>e <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>eventuali <span class=\"_ _2a\"></span>perdite <span class=\"_ _22\"> </span>di <span class=\"_ _27\"></span>valore <span class=\"_ _27\"></span>determinate <span class=\"_ _22\"> </span>con <span class=\"_ _27\"></span>le <span class=\"_ _27\"></span>stesse <span class=\"_ _27\"></span>moda<span class=\"_ _2\"></span>lit\u00e0 <span class=\"_ _27\"></span>precedentemente<span class=\"_ _5d\"> </span>indicate per le immobilizzazioni materiali. La vita <span class=\"_ _23\"></span>utile vi<span class=\"_ _23\"></span>ene<span class=\"_ _2\"></span> rie<span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>aminata <span class=\"_ _1\"></span>con <span class=\"_ _23\"></span>periodic<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _23\"></span>annuale ed <span class=\"_ _23\"></span>eventuali cambiamenti, <span class=\"_ _23\"></span>laddove necessari,<span class=\"_ _5d\"> </span>sono apportati con applicazione prospettica. Gli <span class=\"_ _2a\"></span>utili <span class=\"_ _2a\"></span>o <span class=\"_ _2a\"></span>le <span class=\"_ _2a\"></span>perdite <span class=\"_ _2a\"></span>deriv<span class=\"_ _2\"></span>anti <span class=\"_ _2a\"></span>dall'alienazione <span class=\"_ _2a\"></span>di <span class=\"_ _2a\"></span>una <span class=\"_ _2a\"></span>attivit\u00e0 <span class=\"_ _27\"></span>immateriale <span class=\"_ _2a\"></span>sono <span class=\"_ _28\"></span>dete<span class=\"_ _2\"></span>rminati <span class=\"_ _28\"></span>come<span class=\"_ _5d\"> </span>differenza <span class=\"_ _23\"></span>tra <span class=\"_ _23\"></span>il <span class=\"_ _23\"></span>va<span class=\"_ _2\"></span>lore <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>dismissione <span class=\"_ _23\"></span>e il <span class=\"_ _24\"></span>valore <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>ca<span class=\"_ _2\"></span>rico <span class=\"_ _24\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>bene <span class=\"_ _23\"></span>e <span class=\"_ _23\"></span>sono <span class=\"_ _1\"></span>rilevati <span class=\"_ _23\"></span>a <span class=\"_ _23\"></span>conto <span class=\"_ _23\"></span>ec<span class=\"_ _2\"></span>onomico<span class=\"_ _5d\"> </span>al momento dell'alienazione. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-422": {
   "value": "A<span class=\"fs6\">LTRE </span>A<span class=\"fs6\">TTIVIT\u00c0 IMMATERIALI </span>Le a<span class=\"_ _2\"></span>ltre attivit\u00e0 <span class=\"_ _2\"></span>immateriali <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>rilevate <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>costo, <span class=\"_ _2\"></span>determinato <span class=\"_ _2\"></span>secondo <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>stesse moda<span class=\"_ _2\"></span>lit\u00e0 indicate<span class=\"_ _5d\"> </span>per le immobilizzazioni materiali. Le altre attivit\u00e0 immateriali aventi<span class=\"_ _1\"></span> vita utile definita <span class=\"_ _1\"></span>sono iscritte al netto dei<span class=\"_ _1\"></span> relativi ammortamenti<span class=\"_ _5d\"> </span>accumulati <span class=\"_ _27\"></span>e <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>eventuali <span class=\"_ _2a\"></span>perdite <span class=\"_ _22\"> </span>di <span class=\"_ _27\"></span>valore <span class=\"_ _27\"></span>determinate <span class=\"_ _22\"> </span>con <span class=\"_ _27\"></span>le <span class=\"_ _27\"></span>stesse <span class=\"_ _27\"></span>moda<span class=\"_ _2\"></span>lit\u00e0 <span class=\"_ _27\"></span>precedentemente<span class=\"_ _5d\"> </span>indicate per le immobilizzazioni materiali. La vita <span class=\"_ _23\"></span>utile vi<span class=\"_ _23\"></span>ene<span class=\"_ _2\"></span> rie<span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>aminata <span class=\"_ _1\"></span>con <span class=\"_ _23\"></span>periodic<span class=\"_ _2\"></span>it\u00e0 <span class=\"_ _23\"></span>annuale ed <span class=\"_ _23\"></span>eventuali cambiamenti, <span class=\"_ _23\"></span>laddove necessari,<span class=\"_ _5d\"> </span>sono apportati con applicazione prospettica. Gli <span class=\"_ _2a\"></span>utili <span class=\"_ _2a\"></span>o <span class=\"_ _2a\"></span>le <span class=\"_ _2a\"></span>perdite <span class=\"_ _2a\"></span>deriv<span class=\"_ _2\"></span>anti <span class=\"_ _2a\"></span>dall'alienazione <span class=\"_ _2a\"></span>di <span class=\"_ _2a\"></span>una <span class=\"_ _2a\"></span>attivit\u00e0 <span class=\"_ _27\"></span>immateriale <span class=\"_ _2a\"></span>sono <span class=\"_ _28\"></span>dete<span class=\"_ _2\"></span>rminati <span class=\"_ _28\"></span>come<span class=\"_ _5d\"> </span>differenza <span class=\"_ _23\"></span>tra <span class=\"_ _23\"></span>il <span class=\"_ _23\"></span>va<span class=\"_ _2\"></span>lore <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>dismissione <span class=\"_ _23\"></span>e il <span class=\"_ _24\"></span>valore <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>ca<span class=\"_ _2\"></span>rico <span class=\"_ _24\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>bene <span class=\"_ _23\"></span>e <span class=\"_ _23\"></span>sono <span class=\"_ _1\"></span>rilevati <span class=\"_ _23\"></span>a <span class=\"_ _23\"></span>conto <span class=\"_ _23\"></span>ec<span class=\"_ _2\"></span>onomico<span class=\"_ _5d\"> </span>al momento dell'alienazione. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-423": {
   "value": "L<span class=\"fs6\">EASING </span><span class=\"fs6\"> </span>Un <span class=\"_ _27\"></span>contratto <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span><span class=\"ffb\">leasing</span> <span class=\"_ _27\"></span><span class=\"ff7\">attribuisce <span class=\"_ _27\"></span>ad <span class=\"_ _27\"></span>un\u2019entit\u00e0 <span class=\"_ _2a\"></span>il <span class=\"_ _27\"></span>diritto <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>utilizzare <span class=\"_ _27\"></span>un <span class=\"_ _27\"></span><span class=\"ffb\">asset</span></span> <span class=\"_ _27\"></span>per <span class=\"_ _27\"></span>un <span class=\"_ _2a\"></span>determinato<span class=\"_ _5d\"> </span> periodo <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>tempo <span class=\"_ _19\"> </span>in <span class=\"_ _25\"> </span>ca<span class=\"_ _2\"></span>mbio <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>un <span class=\"_ _19\"> </span>corrispettivo. <span class=\"_ _19\"> </span>Per <span class=\"_ _25\"> </span>il <span class=\"_ _19\"> </span>locatario <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>livello <span class=\"_ _19\"> </span>contabile <span class=\"_ _19\"> </span>non <span class=\"_ _19\"> </span>vi <span class=\"_ _19\"> </span>\u00e8<span class=\"_ _5d\"> </span> distinzione <span class=\"_ _19\"> </span>tra <span class=\"_ _19\"> </span><span class=\"ffb\">leasing</span> <span class=\"_ _19\"> </span>finanziario <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span><span class=\"ffb\">leasing</span> <span class=\"_ _25\"> </span>opera<span class=\"_ _2\"></span>tivo, <span class=\"_ _19\"> </span>ad <span class=\"_ _19\"> </span>entrambi <span class=\"_ _25\"> </span>s<span class=\"_ _2\"></span>i <span class=\"_ _19\"> </span>applica<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>un <span class=\"_ _19\"> </span>unico <span class=\"_ _19\"> </span>modello<span class=\"_ _5d\"> </span><span class=\"_ _1\"></span> contabile <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>rilevazione <span class=\"_ _24\"></span>del <span class=\"_ _23\"></span><span class=\"ffb\">leasing<span class=\"ff3\">. <span class=\"_ _23\"></span>Secondo <span class=\"_ _23\"></span>tale <span class=\"_ _24\"></span>modello <span class=\"_ _23\"></span>la <span class=\"_ _23\"></span>societ\u00e0 <span class=\"_ _24\"></span>riconos<span class=\"_ _2\"></span>ce <span class=\"_ _24\"></span>nella <span class=\"_ _23\"></span>propria <span class=\"_ _23\"></span>situazione<span class=\"_ _5d\"> </span></span></span><span class=\"ffb\"><span class=\"ff3\"> </span></span>patrimoniale <span class=\"_ _23\"></span>- <span class=\"_ _24\"></span><span class=\"ff7\">finanz<span class=\"_ _2\"></span>iaria <span class=\"_ _24\"></span>separatamente <span class=\"_ _23\"></span>un\u2019attivit\u00e0, <span class=\"_ _23\"></span>rappresentativa <span class=\"_ _24\"></span>del <span class=\"_ _23\"></span>relativo <span class=\"_ _24\"></span>diritto <span class=\"_ _23\"></span>d\u2019uso, <span class=\"_ _23\"></span>ed <span class=\"_ _23\"></span>una<span class=\"_ _5d\"> </span></span><span class=\"ff7\"> </span>passivit\u00e0<span class=\"ff7\">, rappresentativa <span class=\"_ _23\"></span>dell\u2019obbligazione ad <span class=\"_ _23\"></span>effettuare i <span class=\"_ _23\"></span>pa<span class=\"_ _2\"></span>gamenti <span class=\"_ _1\"></span>previsti d<span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>l contratto, <span class=\"_ _23\"></span>per tutti<span class=\"_ _5d\"> </span></span><span class=\"ff7\"><span class=\"_ _23\"></span> </span>i <span class=\"ffb ls0\">leasing<span class=\"ff3\"> con durata sup<span class=\"_ _1\"></span>eriore ai dodici mesi il <span class=\"_ _1\"></span>cui valore non possa e<span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>sere considerato non rilevante<span class=\"_ _5d\"> </span></span></span><span class=\"ffb ls0\"><span class=\"ff3\"><span class=\"_ _23\"></span> </span></span>mentre <span class=\"_ _28\"></span>nel <span class=\"_ _29\"></span>conto <span class=\"_ _2a\"></span>economico <span class=\"_ _28\"></span>rileva <span class=\"_ _28\"></span>l\u2019ammortamento <span class=\"_ _29\"></span>dell\u2019a<span class=\"_ _2\"></span>ttivit\u00e0 <span class=\"_ _29\"></span>riconosciuta <span class=\"_ _28\"></span>e <span class=\"_ _28\"></span>separatamente <span class=\"_ _28\"></span>gli<span class=\"_ _5d\"> </span> interessi <span class=\"_ _23\"></span>sul debito <span class=\"_ _23\"></span>iscritto. <span class=\"_ _23\"></span>Le riduzioni <span class=\"_ _23\"></span>dei <span class=\"_ _1\"></span>canoni <span class=\"_ _23\"></span>connesse al <span class=\"_ _24\"></span>Covid<span class=\"_ _2\"></span>-19 <span class=\"_ _23\"></span>sono contabilizzate, <span class=\"_ _24\"></span>senz<span class=\"_ _5d\"> </span>dover <span class=\"_ _24\"></span>valutare, <span class=\"_ _23\"></span>tramite <span class=\"_ _24\"></span>l\u2019analisi <span class=\"_ _23\"></span>dei <span class=\"_ _24\"></span>contratti, <span class=\"_ _24\"></span>se <span class=\"_ _23\"></span>\u00e8 <span class=\"_ _24\"></span>rispettata <span class=\"_ _24\"></span>la <span class=\"_ _24\"></span>definiz<span class=\"_ _2\"></span>ione <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span><span class=\"ffb\">lease <span class=\"_ _24\"></span>modifica<span class=\"_ _2\"></span>tion<span class=\"ff3\"> <span class=\"_ _24\"></span><span class=\"ff7\">dell\u2019IFRS<span class=\"_ _5d\"> </span></span></span></span><span class=\"ffb\"><span class=\"ff3\"><span class=\"ff7\"> </span></span></span>16<span class=\"ls0\">, direttamente a conto economico alla data di efficacia della riduzione.<span class=\"_ _5d\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-424": {
   "value": "P<span class=\"fs6\">ARTECIPAZIONI IN SOCIET<span class=\"_ _2\"></span>\u00c0 COLLEGATE VALUTATE CON <span class=\"_ _2\"></span>IL METODO DEL PATRIMONIO NETTO </span>Le <span class=\"_ _2\"></span>soci<span class=\"_ _2\"></span>et\u00e0 <span class=\"_ _2\"></span>col<span class=\"_ _2\"></span>legate <span class=\"_ _2\"></span>sono <span class=\"_ _29\"></span>entit\u00e0 <span class=\"_ _29\"></span>sulle <span class=\"_ _29\"></span>cui <span class=\"_ _29\"></span>politiche <span class=\"_ _29\"></span>finanziarie <span class=\"_ _2\"></span>e <span class=\"_ _29\"></span>gestionali <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _29\"></span>esercitata <span class=\"_ _29\"></span>un\u2019influenza<span class=\"_ _5d\"> </span>notevole, <span class=\"_ _2a\"></span>pur <span class=\"_ _2a\"></span>non <span class=\"_ _2a\"></span>avendone <span class=\"_ _2a\"></span>il <span class=\"_ _2a\"></span>controllo. <span class=\"_ _2a\"></span>Si <span class=\"_ _2a\"></span>suppone<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>che <span class=\"_ _2a\"></span>esista <span class=\"_ _2a\"></span>un\u2019influenza <span class=\"_ _2a\"></span>notevole <span class=\"_ _2a\"></span>quando <span class=\"_ _2a\"></span>si<span class=\"_ _5d\"> </span>possiede tra il 20% e il 50% del potere di voto di un\u2019alt<span class=\"ff3\">ra entit\u00e0. </span>Le <span class=\"_ _2\"></span>partecipazioni <span class=\"_ _29\"></span>in <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _2\"></span>collegate <span class=\"_ _2\"></span>sono <span class=\"_ _29\"></span>contabilizzate <span class=\"_ _2\"></span>secondo <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>metodo <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>trimonio <span class=\"_ _2\"></span>netto<span class=\"_ _5d\"> </span>e <span class=\"_ _26\"> </span>rilevate <span class=\"_ _26\"> </span>inizialmente <span class=\"_ _21\"> </span>al <span class=\"_ _26\"> </span>costo. <span class=\"_ _26\"> </span>Le <span class=\"_ _26\"> </span>partecipazioni <span class=\"_ _26\"> </span>comprendono <span class=\"_ _26\"> </span>l'avviamento <span class=\"_ _26\"> </span>identificato  a<span class=\"_ _2\"></span>l<span class=\"_ _5d\"> </span>momento <span class=\"_ _25\"> </span>dell'a<span class=\"_ _2\"></span>cquisizione, <span class=\"_ _25\"> </span>al <span class=\"_ _19\"> </span>netto <span class=\"_ _25\"> </span>delle <span class=\"_ _19\"> </span>eventuali <span class=\"_ _22\"> </span>perdite <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>va<span class=\"_ _2\"></span>lore <span class=\"_ _19\"> </span>cumulate. <span class=\"_ _19\"> </span>I<span class=\"_ _1\"></span>n <span class=\"_ _25\"> </span>presenz<span class=\"_ _2\"></span>a <span class=\"_ _25\"> </span>di<span class=\"_ _5d\"> </span>eventuali obiettive evidenze di perdita di valore la re<span class=\"_ _1\"></span>cuperabilit\u00e0 del valore di iscrizione \u00e8 verificata<span class=\"_ _5d\"> </span>confrontando il valore contabile con il relativo va<span class=\"_ _2\"></span>lore recuperabile rilevando l\u2019eventuale differenza<span class=\"_ _5d\"> </span>nel <span class=\"_ _29\"></span>conto <span class=\"_ _28\"></span>economico. <span class=\"_ _28\"></span>Il <span class=\"_ _29\"></span>bilancio <span class=\"_ _29\"></span>cons<span class=\"_ _2\"></span>olidato <span class=\"_ _29\"></span>comprende <span class=\"_ _28\"></span>la <span class=\"_ _29\"></span>quota <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>pertinenza <span class=\"_ _28\"></span>degli <span class=\"_ _29\"></span>utili <span class=\"_ _28\"></span>o <span class=\"_ _29\"></span>delle<span class=\"_ _5d\"> </span>perdite <span class=\"_ _28\"></span>delle <span class=\"_ _28\"></span>partecipate <span class=\"_ _29\"></span>rilevate <span class=\"_ _28\"></span>secondo <span class=\"_ _28\"></span>il <span class=\"_ _28\"></span>metodo <span class=\"_ _28\"></span>del <span class=\"_ _28\"></span>patrimonio <span class=\"_ _28\"></span>netto, <span class=\"_ _28\"></span>al <span class=\"_ _29\"></span>netto <span class=\"_ _2a\"></span>delle <span class=\"_ _28\"></span>rettifiche<span class=\"_ _5d\"> </span>necessarie <span class=\"_ _28\"></span>per <span class=\"_ _28\"></span>allineare <span class=\"_ _28\"></span>i <span class=\"_ _28\"></span>principi <span class=\"_ _28\"></span>contabili<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>e <span class=\"_ _28\"></span>per <span class=\"_ _28\"></span>eliminare <span class=\"_ _28\"></span>i <span class=\"_ _28\"></span>margini <span class=\"_ _28\"></span>inf<span class=\"_ _2\"></span>rag<span class=\"_ _2\"></span>ruppo <span class=\"_ _29\"></span>non <span class=\"_ _2a\"></span>realizzati, <span class=\"_ _28\"></span>a<span class=\"_ _5d\"> </span>partire <span class=\"_ _29\"></span>dalla <span class=\"_ _29\"></span>data <span class=\"_ _29\"></span>in <span class=\"_ _29\"></span>cui <span class=\"_ _29\"></span>ha <span class=\"_ _2\"></span>inizio <span class=\"_ _29\"></span>l'influenza <span class=\"_ _29\"></span>notevole <span class=\"_ _29\"></span>o <span class=\"_ _28\"></span>il <span class=\"_ _29\"></span>controllo <span class=\"_ _2\"></span>congiunto <span class=\"_ _29\"></span>fino <span class=\"_ _29\"></span>alla <span class=\"_ _29\"></span>data <span class=\"_ _29\"></span>in <span class=\"_ _29\"></span>cui<span class=\"_ _5d\"> </span>detta <span class=\"_ _48\"> </span>influenza <span class=\"_ _8\"> </span>o <span class=\"_ _48\"> </span>controllo <span class=\"_ _48\"> </span>ce<span class=\"_ _2\"></span>ssano. <span class=\"_ _48\"> </span>Le <span class=\"_ _48\"> </span>rettifiche <span class=\"_ _8\"> </span>necessarie <span class=\"_ _48\"> </span>per <span class=\"_ _8\"> </span>l\u2019eliminazione <span class=\"_ _48\"> </span>dei <span class=\"_ _8\"> </span>margini<span class=\"_ _5d\"> </span>infragruppo <span class=\"_ _19\"> </span>non <span class=\"_ _25\"> </span>realiz<span class=\"_ _2\"></span>zati <span class=\"_ _25\"> </span>s<span class=\"_ _2\"></span>ono <span class=\"_ _19\"> </span><span class=\"ff7\">contabilizzate <span class=\"_ _19\"> </span>nell<span class=\"_ _1\"></span>a <span class=\"_ _19\"> </span>voce <span class=\"_ _25\"> </span>\u201cquote<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>risultato <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>partecipazioni<span class=\"_ _5d\"> </span></span>valutate <span class=\"_ _29\"></span>con <span class=\"_ _29\"></span>il <span class=\"_ _29\"></span>metodo <span class=\"_ _29\"></span>del <span class=\"_ _29\"></span>patrimonio <span class=\"_ _29\"></span>netto\u201d. <span class=\"_ _29\"></span>Quando <span class=\"_ _29\"></span>la <span class=\"_ _29\"></span>quota <span class=\"_ _29\"></span>delle <span class=\"_ _29\"></span>perdite <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>pertinenza <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>una<span class=\"_ _5d\"> </span>partecipazione contabilizzata con<span class=\"_ _23\"></span> il metodo del<span class=\"_ _23\"></span> patrimonio netto <span class=\"_ _1\"></span>eccede il<span class=\"_ _1\"></span> valore <span class=\"_ _23\"></span>conta<span class=\"_ _2\"></span>bile di detta<span class=\"_ _5d\"> </span>partecipata, <span class=\"_ _29\"></span>si <span class=\"_ _28\"></span>azzera <span class=\"_ _29\"></span>la <span class=\"_ _28\"></span>partecipazione <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>si <span class=\"_ _29\"></span>cessa <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>rilevare <span class=\"_ _28\"></span>la <span class=\"_ _29\"></span>quota <span class=\"_ _28\"></span>delle <span class=\"_ _29\"></span>ulteriori <span class=\"_ _29\"></span>perdite, <span class=\"_ _28\"></span>tranne<span class=\"_ _5d\"> </span>nei <span class=\"_ _22\"> </span>casi <span class=\"_ _22\"> </span>in <span class=\"_ _27\"></span>cui <span class=\"_ _22\"> </span>si <span class=\"_ _22\"> </span>siano <span class=\"_ _22\"> </span>contratte <span class=\"_ _27\"></span>obbligazi<span class=\"_ _2\"></span>oni <span class=\"_ _22\"> </span>legali <span class=\"_ _27\"></span>o <span class=\"_ _22\"> </span>implicite <span class=\"_ _22\"> </span>oppure <span class=\"_ _22\"> </span>siano <span class=\"_ _27\"></span>stati <span class=\"_ _22\"> </span>effettuati <span class=\"_ _22\"> </span>dei<span class=\"_ _5d\"> </span>pagamenti per conto della partecipata. Nel <span class=\"_ _25\"> </span>caso <span class=\"_ _19\"> </span>di <span class=\"_ _22\"> </span>assunzione <span class=\"_ _25\"> </span>del <span class=\"_ _25\"> </span>col<span class=\"_ _2\"></span>legamento <span class=\"_ _25\"> </span>in <span class=\"_ _25\"> </span>fasi <span class=\"_ _25\"> </span>s<span class=\"_ _2\"></span>uccessive <span class=\"_ _25\"> </span>il <span class=\"_ _25\"> </span>cos<span class=\"_ _2\"></span>to <span class=\"_ _25\"> </span>della <span class=\"_ _25\"> </span>partecipazione <span class=\"_ _25\"> </span>viene<span class=\"_ _5d\"> </span>misurato <span class=\"_ _2a\"></span>come <span class=\"_ _2a\"></span>sommatoria <span class=\"_ _2a\"></span>dei <span class=\"_ _27\"></span><span class=\"ffb\">fair <span class=\"_ _28\"></span>value<span class=\"_ _2\"></span></span> <span class=\"_ _2a\"></span>delle <span class=\"_ _28\"></span>interessenze <span class=\"_ _2a\"></span>precedentemente <span class=\"_ _2a\"></span>possedute <span class=\"_ _2a\"></span>e <span class=\"_ _2a\"></span>del <span class=\"_ _27\"></span><span class=\"ffb\">fair<span class=\"_ _5d\"> </span></span>value<span class=\"ff3\"> <span class=\"ff7\">dei corrispettivi <span class=\"_ _1\"></span>trasferiti alla <span class=\"_ _1\"></span>data in <span class=\"_ _1\"></span>cui la <span class=\"_ _23\"></span>pa<span class=\"_ _2\"></span>rtecipazione si<span class=\"_ _1\"></span> qualifica <span class=\"_ _1\"></span>come collegata. <span class=\"_ _1\"></span>L\u2019effetto<span class=\"_ _5d\"> </span></span></span>della <span class=\"_ _22\"> </span>rivalutazione <span class=\"_ _22\"> </span>del <span class=\"_ _25\"> </span>valore <span class=\"_ _27\"></span>di <span class=\"_ _25\"> </span>iscrizione <span class=\"_ _22\"> </span>delle <span class=\"_ _22\"> </span>quote <span class=\"_ _22\"> </span>prece<span class=\"_ _2\"></span>dentemente <span class=\"_ _22\"> </span>detenute <span class=\"_ _22\"> </span>viene <span class=\"_ _22\"> </span>rilevato<span class=\"_ _5d\"> </span>analogamente <span class=\"_ _2a\"></span>a <span class=\"_ _2a\"></span>qua<span class=\"_ _2\"></span>nto <span class=\"_ _28\"></span>s<span class=\"_ _2\"></span>tabilito <span class=\"_ _2a\"></span>nel <span class=\"_ _2a\"></span>caso <span class=\"_ _27\"></span>in <span class=\"_ _28\"></span>cui <span class=\"_ _27\"></span>fosse <span class=\"_ _2a\"></span>stata <span class=\"_ _27\"></span>dismess<span class=\"_ _1\"></span>a <span class=\"_ _2a\"></span>la <span class=\"_ _2a\"></span>pa<span class=\"_ _2\"></span>rtecipazione. <span class=\"_ _2a\"></span>Pertanto,<span class=\"_ _5d\"> </span>accertata l\u2019influ<span class=\"ff3\">enza signifi<span class=\"_ _1\"></span>cativa, il maggior <span class=\"ffb\">fair <span class=\"_ _1\"></span>value<span class=\"ff3\"> cumulato riconosciuto a <span class=\"_ _1\"></span>riserva di OCI, <span class=\"_ _1\"></span>viene<span class=\"_ _5d\"> </span></span></span></span>riclassificato tra gli utili portati a nuovo nel patrimonio netto.<span class=\"_ _5d\"> </span>Le <span class=\"_ _29\"></span>partecipazioni <span class=\"_ _28\"></span>in <span class=\"_ _29\"></span>collegate <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ono <span class=\"_ _29\"></span>sottoposte <span class=\"_ _28\"></span>a <span class=\"_ _29\"></span>un <span class=\"_ _28\"></span><span class=\"ffb\">test</span> <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>verifica <span class=\"_ _28\"></span>del <span class=\"_ _29\"></span>valore <span class=\"_ _29\"></span>recuperabile <span class=\"_ _28\"></span>qualora<span class=\"_ _5d\"> </span>emergano <span class=\"_ _2\"></span>indicatori <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>perdita <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>valore <span class=\"_ _29\"></span>rispetto <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>lutazione <span class=\"_ _2\"></span>col <span class=\"_ _29\"></span>metodo <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>patrimonio <span class=\"_ _29\"></span>netto<span class=\"_ _5d\"> </span>della collegata. Il <span class=\"_ _1\"></span>valore recuperab<span class=\"_ _1\"></span>ile <span class=\"_ _23\"></span>\u00e8 il <span class=\"_ _1\"></span>maggiore tr<span class=\"_ _1\"></span>a il<span class=\"_ _1\"></span> <span class=\"ffb\">fair <span class=\"_ _23\"></span>value<span class=\"ff7\">, dedotti <span class=\"_ _23\"></span>i costi <span class=\"_ _23\"></span>di vendita, <span class=\"_ _23\"></span>di un\u2019attivit\u00e0 <span class=\"_ _23\"></span>e il <span class=\"_ _23\"></span>proprio<span class=\"_ _5d\"> </span></span></span>valore d\u2019uso, definito in base al metodo dei flussi futuri di cassa attualizzati. Nel <span class=\"_ _25\"> </span>determinare <span class=\"_ _25\"> </span>il <span class=\"_ _19\"> </span><span class=\"ffb\">fair <span class=\"_ _22\"> </span>value<span class=\"_ _2\"></span></span> <span class=\"_ _25\"> </span>al <span class=\"_ _25\"> </span>netto <span class=\"_ _25\"> </span>dei<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>costi <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>vendita <span class=\"_ _22\"> </span>delle <span class=\"_ _19\"> </span>coll<span class=\"_ _1\"></span>egate, <span class=\"_ _25\"> </span>vengono <span class=\"_ _25\"> </span>innanzitutto<span class=\"_ _5d\"> </span>considerati, <span class=\"_ _22\"> </span>se <span class=\"_ _25\"> </span>disponibili, <span class=\"_ _22\"> </span>i <span class=\"_ _22\"> </span>prezzi <span class=\"_ _22\"> </span>ufficia<span class=\"_ _2\"></span>li <span class=\"_ _22\"> </span>disponibili <span class=\"_ _22\"> </span>su <span class=\"_ _25\"> </span>mercati <span class=\"_ _22\"> </span>attivi. <span class=\"_ _25\"> </span>In <span class=\"_ _22\"> </span>alternativa <span class=\"_ _22\"> </span>ve<span class=\"_ _2\"></span>ngono<span class=\"_ _5d\"> </span>utilizzati <span class=\"_ _8\"> </span>adeguati <span class=\"_ _8\"> </span>modelli <span class=\"_ _8\"> </span>di <span class=\"_ _8\"> </span>valutazi<span class=\"_ _2\"></span>one. <span class=\"_ _48\"> </span>Tali <span class=\"_ _2c\"> </span>calcoli <span class=\"_ _8\"> </span>sono <span class=\"_ _8\"> </span>effettuati <span class=\"_ _8\"> </span>utilizzando <span class=\"_ _18\"> </span>opportuni<span class=\"_ _5d\"> </span>moltiplicatori <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>reddito, <span class=\"_ _19\"> </span>prezzi <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>titoli <span class=\"_ _19\"> </span>azionari <span class=\"_ _19\"> </span>pubblicamente <span class=\"_ _19\"> </span>negoziati <span class=\"_ _25\"> </span>riferibili <span class=\"_ _19\"> </span>ad <span class=\"_ _25\"> </span>imprese<span class=\"_ _5d\"> </span>similari, <span class=\"_ _26\"> </span>transazioni <span class=\"_ _48\"> </span>comparabili <span class=\"_ _26\"> </span>di <span class=\"_ _48\"> </span>attivit\u00e0 <span class=\"_ _26\"> </span>similari <span class=\"_ _26\"> </span>o <span class=\"_ _48\"> </span>altri <span class=\"_ _26\"> </span>indic<span class=\"_ _2\"></span>atori <span class=\"_ _26\"> </span>di <span class=\"_ _8\"> </span><span class=\"ffb\">fair <span class=\"_ _26\"> </span>value</span> <span class=\"_ _48\"> </span>disponibili,<span class=\"_ _5d\"> </span>appropriati per le attivit\u00e0 da valutare.<span class=\"_ _5d\"> </span>Nel <span class=\"_ _23\"></span>determinare il <span class=\"_ _23\"></span>valore <span class=\"_ _23\"></span>d\u2019us<span class=\"_ _2\"></span>o <span class=\"_ _23\"></span>delle<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>collegate <span class=\"_ _1\"></span>si <span class=\"_ _23\"></span>procede alla <span class=\"_ _23\"></span>stima <span class=\"_ _1\"></span>tenendo <span class=\"_ _23\"></span>conto <span class=\"_ _23\"></span>del valore <span class=\"_ _23\"></span>attuale<span class=\"_ _5d\"> </span>dei <span class=\"_ _23\"></span>flussi <span class=\"_ _1\"></span>finanziari <span class=\"_ _23\"></span>futuri <span class=\"_ _23\"></span>che <span class=\"_ _23\"></span>la <span class=\"_ _23\"></span>partecipazione <span class=\"_ _23\"></span>potr\u00e0 <span class=\"_ _23\"></span>generare, inc<span class=\"_ _23\"></span>lus<span class=\"_ _2\"></span>o <span class=\"_ _23\"></span>il <span class=\"_ _23\"></span>valore <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>dismissione final<span class=\"_ _23\"></span>e<span class=\"_ _5d\"> </span>dell\u2019investimento.<span class=\"_ _5d\"> </span>Ove <span class=\"_ _23\"></span>opportuno le <span class=\"_ _23\"></span>valutazioni <span class=\"_ _23\"></span>del va<span class=\"_ _1\"></span>lore <span class=\"_ _23\"></span>recupera<span class=\"_ _2\"></span>bile <span class=\"_ _23\"></span>sono <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ottoposte <span class=\"_ _23\"></span>ad <span class=\"_ _23\"></span>ana<span class=\"_ _2\"></span>lisi <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ensitivit\u00e0 <span class=\"_ _23\"></span>basata<span class=\"_ _5d\"> </span>sulla <span class=\"_ _27\"></span>variazione <span class=\"_ _2a\"></span>(negativa) <span class=\"_ _27\"></span>delle <span class=\"_ _2a\"></span>grandezze <span class=\"_ _27\"></span>economiche <span class=\"_ _2a\"></span>applica<span class=\"_ _2\"></span>te <span class=\"_ _2a\"></span>ai <span class=\"_ _27\"></span>multipli <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span>riferimento <span class=\"_ _2a\"></span>entro<span class=\"_ _5d\"> </span>intervalli ragionevoli.<span class=\"_ _5d\"> </span>Qualora <span class=\"_ _29\"></span>il <span class=\"_ _28\"></span>valore <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>recupero <span class=\"_ _29\"></span>risulti <span class=\"_ _28\"></span>inferiore <span class=\"_ _29\"></span>al <span class=\"_ _28\"></span>valore <span class=\"_ _28\"></span>contabile, <span class=\"_ _28\"></span>la <span class=\"_ _29\"></span>relativa <span class=\"_ _28\"></span>differenza <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _28\"></span>rilevata <span class=\"_ _29\"></span>a<span class=\"_ _5d\"> </span>conto economico.<span class=\"_ _5d\"> </span>Qualora, <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>un es<span class=\"_ _2\"></span>ercizio <span class=\"_ _2\"></span>successivo <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>quello <span class=\"_ _2\"></span>in cui<span class=\"_ _2\"></span> si <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _2\"></span>registrato <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span>riduzione <span class=\"_ _2\"></span>durevole <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>valore,<span class=\"_ _5d\"> </span>si <span class=\"_ _24\"></span>verifica <span class=\"_ _23\"></span>una <span class=\"_ _24\"></span>variazione <span class=\"_ _23\"></span>delle <span class=\"_ _24\"></span>stime <span class=\"_ _24\"></span>utilizzate <span class=\"_ _23\"></span>per <span class=\"_ _24\"></span>la <span class=\"_ _23\"></span>determinazione <span class=\"_ _24\"></span>del <span class=\"_ _23\"></span>valore <span class=\"_ _24\"></span>recuperabile, <span class=\"_ _24\"></span>il <span class=\"_ _23\"></span>valore<span class=\"_ _5d\"> </span>contabile <span class=\"_ _23\"></span>della <span class=\"_ _24\"></span>pa<span class=\"_ _2\"></span>rtecipazione <span class=\"_ _24\"></span>sar\u00e0 <span class=\"_ _23\"></span>rivalutato <span class=\"_ _23\"></span>a <span class=\"_ _23\"></span>concorrenza <span class=\"_ _24\"></span>del <span class=\"_ _23\"></span>valore <span class=\"_ _23\"></span>recuperabile <span class=\"_ _23\"></span>e <span class=\"_ _23\"></span>la <span class=\"_ _23\"></span>rivalutazione<span class=\"_ _5d\"> </span>costituir\u00e0 una ripresa di valore.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-426": {
   "value": "P<span class=\"fs6\">ARTECIPAZIONI VA<span class=\"_ _2\"></span>LUTATE A FVOCI </span>Gli <span class=\"_ _27\"></span>inves<span class=\"_ _2\"></span>timenti <span class=\"_ _27\"></span>in <span class=\"_ _27\"></span><span class=\"ffb\">equ<span class=\"_ _2\"></span>ity,</span> <span class=\"_ _27\"></span>costituiti <span class=\"_ _22\"> </span>generalmente <span class=\"_ _27\"></span>da <span class=\"_ _27\"></span>partecipazioni <span class=\"_ _22\"> </span>con <span class=\"_ _27\"></span>percentuale <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>possesso<span class=\"_ _5d\"> </span>inferiore <span class=\"_ _2a\"></span>al <span class=\"_ _27\"></span>20% <span class=\"_ _2a\"></span>che <span class=\"_ _27\"></span>non <span class=\"_ _2a\"></span>hanno <span class=\"_ _27\"></span>finalit\u00e0 <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span><span class=\"ffb\">trad<span class=\"_ _2\"></span>ing<span class=\"ff7\">, <span class=\"_ _2a\"></span>sec<span class=\"_ _2\"></span>ondo <span class=\"_ _2a\"></span>l\u2019opzione <span class=\"_ _27\"></span>prevista <span class=\"_ _2a\"></span>dall\u2019IFRS <span class=\"_ _2a\"></span>9, <span class=\"_ _27\"></span>sono<span class=\"_ _5d\"> </span></span></span>contabilizzati registrando le variazioni di <span class=\"ffb\">fair value</span> <span class=\"lsa\">a </span><span class=\"ffb\">Other Comprehensive Income</span> (F<span class=\"_ _1\"></span>VOCI), quindi con<span class=\"_ _5d\"> </span>contropartita in una <span class=\"_ _23\"></span>rise<span class=\"_ _2\"></span>rva di patrimonio <span class=\"_ _23\"></span>netto. La contabilizzazione FVOCI degli inve<span class=\"_ _1\"></span>stimenti in<span class=\"_ _5d\"> </span>equity<span class=\"ff3\"> prevede al <span class=\"_ _2\"></span>momento della <span class=\"_ _2\"></span>vendita il </span>reversal<span class=\"ff3\"> da<span class=\"_ _2\"></span>lla riserva di <span class=\"_ _2\"></span></span>fair value<span class=\"ff3\"> maturata direttamente <span class=\"_ _2\"></span>ad<span class=\"_ _5d\"> </span></span>altre <span class=\"_ _23\"></span>riserve <span class=\"_ _23\"></span>del <span class=\"_ _23\"></span>patrimonio <span class=\"_ _23\"></span>netto. <span class=\"_ _23\"></span>Sono <span class=\"_ _23\"></span>quindi <span class=\"_ _23\"></span>imputati <span class=\"_ _23\"></span>a <span class=\"_ _23\"></span>conto <span class=\"_ _23\"></span>economico <span class=\"_ _1\"></span>i <span class=\"_ _24\"></span>dividendi <span class=\"_ _23\"></span>ricevuti <span class=\"_ _23\"></span>da<span class=\"_ _2\"></span>lle<span class=\"_ _5d\"> </span>partecipazioni.<span class=\"_ _5d\"> </span>A<span class=\"fs6\">TTIVIT\u00c0 FINANZIARIE VALUTA<span class=\"_ _2\"></span>TE A FVTPL </span>Le <span class=\"_ _8\"> </span>attivit\u00e0 <span class=\"_ _8\"> </span>finanziarie, <span class=\"_ _8\"> </span>generalmente <span class=\"_ _8\"> </span>prestiti <span class=\"_ _8\"> </span>convertibili, <span class=\"_ _8\"> </span>che <span class=\"_ _8\"> </span>generano <span class=\"_ _8\"> </span>flussi <span class=\"_ _2c\"> </span>finanziari <span class=\"_ _48\"> </span>che prevedono <span class=\"_ _19\"> </span>l\u2019attribuzione <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>azioni <span class=\"_ _19\"> </span>e/o <span class=\"_ _25\"> </span>comprendono <span class=\"_ _19\"> </span>derivati <span class=\"_ _19\"> </span>impliciti <span class=\"_ _19\"> </span>relativi <span class=\"_ _19\"> </span>alle <span class=\"_ _19\"> </span>clausole <span class=\"_ _19\"> </span>di conversione  s<span class=\"_ _2\"></span>ono  va<span class=\"_ _2\"></span>lutate  a <span class=\"_ _26\"> </span><span class=\"ffb\">fa<span class=\"_ _2\"></span>ir  value<span class=\"_ _2\"></span></span>  con <span class=\"_ _26\"> </span>le <span class=\"_ _21\"> </span>relative <span class=\"_ _26\"> </span>variazioni <span class=\"_ _26\"> </span>di  va<span class=\"_ _2\"></span>lore  imputate <span class=\"_ _26\"> </span>a <span class=\"_ _21\"> </span>conto economico.  Gli investimenti <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span><span class=\"ffb\">equity</span> <span class=\"_ _2\"></span>aventi <span class=\"_ _2\"></span>finalit\u00e0 di <span class=\"_ _2\"></span>impiego <span class=\"_ _2\"></span>tempor<span class=\"_ _1\"></span>aneo <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>liquidit\u00e0 sono valutati <span class=\"_ _2\"></span>a <span class=\"_ _29\"></span><span class=\"ffb\">fair value</span> con le relative variazioni di valore imputate a conto economico. A<span class=\"fs6\">TTIVIT\u00c0 FINANZIARIE CORRENTI VALUTA<span class=\"_ _2\"></span>TE A FVOCI </span>Le attivit\u00e0 finanziarie correnti valutate a FVOCI sono attivit\u00e0 finanziarie non derivate costituite da<span class=\"_ _5d\"> </span>investimenti <span class=\"_ _27\"></span>effettuati <span class=\"_ _2a\"></span>in <span class=\"_ _27\"></span>titoli <span class=\"_ _27\"></span>obbligazionari <span class=\"_ _27\"></span>che <span class=\"_ _27\"></span>costituiscono <span class=\"_ _27\"></span>impieghi <span class=\"_ _2a\"></span>temporanei<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span>liquidit\u00e0<span class=\"_ _5d\"> </span>realizzati <span class=\"_ _24\"></span>secondo <span class=\"_ _24\"></span>un <span class=\"_ _23\"></span>modello <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span><span class=\"ffb\">business<span class=\"ff3\"> <span class=\"_ _24\"></span><span class=\"ff7\">che <span class=\"_ _24\"></span>prevede <span class=\"_ _24\"></span>l\u2019incasso <span class=\"_ _23\"></span>dei <span class=\"_ _24\"></span>relativi <span class=\"_ _24\"></span>flussi <span class=\"_ _24\"></span>finanziari <span class=\"_ _23\"></span>e <span class=\"_ _24\"></span>la <span class=\"_ _24\"></span>vendita<span class=\"_ _5d\"> </span></span></span></span>delle stesse obbligazioni al momento opportuno. I flussi finanziari di tali strumenti finanzia<span class=\"_ _2\"></span>ri sono<span class=\"_ _5d\"> </span>costituiti unicamente da interessi e capitale. Sono <span class=\"_ _2\"></span>valutate <span class=\"_ _2\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>FVOCI <span class=\"_ _2\"></span>contabilizzando <span class=\"_ _2\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>riserva <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>le <span class=\"_ _29\"></span>variazioni <span class=\"_ _2\"></span>di <span class=\"_ _28\"></span><span class=\"ffb\">fair <span class=\"_ _29\"></span>value</span> <span class=\"_ _2\"></span>dei<span class=\"_ _5d\"> </span>titoli <span class=\"_ _24\"></span>fino <span class=\"_ _24\"></span>alla<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>data <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>dismissione<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>contabilizzando <span class=\"_ _24\"></span>a <span class=\"_ _23\"></span>conto <span class=\"_ _24\"></span>economico <span class=\"_ _24\"></span>gli <span class=\"_ _23\"></span>interessi <span class=\"_ _24\"></span>attivi <span class=\"_ _23\"></span>e <span class=\"_ _24\"></span>le <span class=\"_ _23\"></span>eventuali<span class=\"_ _5d\"> </span>svalutazioni. <span class=\"_ _25\"> </span>Al <span class=\"_ _25\"> </span>momento <span class=\"_ _25\"> </span>dell\u2019eventuale <span class=\"_ _25\"> </span>vendita <span class=\"_ _25\"> </span>totale <span class=\"_ _25\"> </span>o <span class=\"_ _25\"> </span>parziale <span class=\"_ _25\"> </span>l\u2019utile/perdita <span class=\"_ _22\"> </span>cumula<span class=\"_ _2\"></span>ta <span class=\"_ _22\"> </span>nel<span class=\"_ _2\"></span>la<span class=\"_ _5d\"> </span>riserva da valutazione viene riversata, in tutto o in parte, a conto economico.<span class=\"_ _5d\"> </span>Gli acquisti e le vendite di titoli vengono rilevati ed eliminati alla data di regolamento. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-425": {
   "value": "Il <span class=\"ffb\">fair valu<span class=\"_ _2\"></span>e </span>viene identificato nel <span class=\"_ _2\"></span>caso delle partecipazioni quotate con <span class=\"_ _2\"></span>il valore di <span class=\"_ _2\"></span>borsa alla <span class=\"_ _2\"></span>data di chiusura <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>periodo <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>caso <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>partecipazioni <span class=\"_ _2\"></span>in s<span class=\"_ _2\"></span>ociet\u00e0 <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>quotate <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>stimato <span class=\"_ _2\"></span>sulla base di tecniche di <span class=\"_ _23\"></span>valuta<span class=\"_ _2\"></span>zione. Tali tecn<span class=\"_ _1\"></span>iche di valutazione comprendono il co<span class=\"_ _23\"></span>nfronto con i valori espressi <span class=\"_ _23\"></span>da <span class=\"_ _24\"></span>recenti <span class=\"_ _23\"></span>operazioni <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span>ssimilabili <span class=\"_ _24\"></span>e <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>altre <span class=\"_ _23\"></span>tecniche <span class=\"_ _24\"></span>valutative <span class=\"_ _23\"></span>che <span class=\"_ _24\"></span>si <span class=\"_ _23\"></span>basano <span class=\"_ _23\"></span>sostanzialmente sull\u2019analisi <span class=\"_ _24\"></span>della <span class=\"_ _24\"></span>capacit\u00e0 <span class=\"_ _23\"></span>della <span class=\"_ _24\"></span>partecipata <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>produrre <span class=\"_ _24\"></span>flussi <span class=\"_ _23\"></span>finanziari <span class=\"_ _24\"></span>futuri, <span class=\"_ _24\"></span>scontati <span class=\"_ _24\"></span>temporalmente per ri<span class=\"ff7\">flettere il costo del denaro rapportato al tempo ed i rischi specifici dell\u2019attivit\u00e0 svolta. </span> Gli <span class=\"_ _28\"></span>investimenti <span class=\"_ _28\"></span>in <span class=\"_ _28\"></span>strumenti <span class=\"_ _28\"></span>rappresentativi <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>capitale <span class=\"_ _28\"></span>che <span class=\"_ _29\"></span>non <span class=\"_ _2a\"></span>hanno <span class=\"_ _28\"></span>un <span class=\"_ _28\"></span>prezzo <span class=\"_ _28\"></span>quotato <span class=\"_ _28\"></span>in <span class=\"_ _28\"></span>un mercato regolamentato <span class=\"_ _2\"></span>e il cui <span class=\"_ _2\"></span><span class=\"ffb\">fa<span class=\"_ _2\"></span>ir value </span>non <span class=\"_ _2\"></span>pu\u00f2 essere va<span class=\"_ _2\"></span>lutato in modo <span class=\"_ _2\"></span>attendibile, sono <span class=\"_ _2\"></span>valutati al costo, eventualmente ridotto per perdite di valore.  La scelta tra le<span class=\"_ _2\"></span> suddette metodologie non \u00e8 opzionale, dove<span class=\"_ _2\"></span>ndo le stesse essere applicate in ordine gerarchico: \u00e8 attribuita assoluta priorit\u00e0 ai prezzi uff<span class=\"_ _1\"></span>iciali disponibili su mercati<span class=\"_ _23\"></span> a<span class=\"_ _2\"></span>ttivi (<span class=\"ffb\">effective market </span>quotes <span class=\"_ _29\"></span><span class=\"ff7\">\u2013<span class=\"ff3\"> <span class=\"_ _29\"></span>livello <span class=\"_ _29\"></span>1) <span class=\"_ _28\"></span>oppure <span class=\"_ _29\"></span>per <span class=\"_ _29\"></span>attivit\u00e0 <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span>passivit\u00e0 <span class=\"_ _29\"></span>misurate <span class=\"_ _29\"></span>sulla <span class=\"_ _29\"></span>base <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>tecniche <span class=\"_ _2\"></span>di <span class=\"_ _28\"></span>valutazione <span class=\"_ _29\"></span>che </span></span>prendono a <span class=\"_ _23\"></span>riferimento pa<span class=\"_ _1\"></span>rametri <span class=\"_ _1\"></span>osservabili <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ul mer<span class=\"_ _23\"></span>ca<span class=\"_ _2\"></span>to <span class=\"_ _1\"></span>(<span class=\"ffb\">comparable approaches <span class=\"_ _23\"></span><span class=\"ff7\">\u2013<span class=\"ff3\"> livello <span class=\"_ _1\"></span>2) <span class=\"_ _23\"></span>e priorit\u00e0 </span></span></span>pi\u00f9 <span class=\"_ _29\"></span>bassa <span class=\"_ _29\"></span>ad <span class=\"_ _29\"></span>attivit\u00e0 <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>passivit\u00e0 <span class=\"_ _2\"></span>il <span class=\"_ _28\"></span>cui <span class=\"_ _29\"></span><span class=\"ffb\">fair <span class=\"_ _29\"></span>value <span class=\"_ _29\"></span></span>\u00e8 <span class=\"_ _29\"></span>calcolato <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ulla <span class=\"_ _2\"></span>base <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>tecniche <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>valu<span class=\"_ _2\"></span>tazione <span class=\"_ _29\"></span>che<span class=\"_ _5d\"> </span>prendono a <span class=\"_ _23\"></span>riferimento parametri <span class=\"_ _23\"></span>non osservabili sul <span class=\"_ _23\"></span>mercato e quindi <span class=\"_ _23\"></span>maggiormente discrezionali (<span class=\"ffb\">market <span class=\"_ _2\"></span>model <span class=\"_ _29\"></span><span class=\"ff7\">\u2013</span></span> <span class=\"_ _29\"></span>livello <span class=\"_ _29\"></span>3). <span class=\"_ _29\"></span><span class=\"ff7\">L\u2019utilizzo <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>tecniche <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>valutazione <span class=\"_ _29\"></span>di <span class=\"_ _2\"></span>livello <span class=\"_ _29\"></span>3, <span class=\"_ _29\"></span>adottate <span class=\"_ _2\"></span>in <span class=\"_ _29\"></span>mancanza<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>di </span>adeguati <span class=\"_ _12\"> </span>parametri <span class=\"_ _19\"> </span>osservabili  sul <span class=\"_ _19\"> </span>mercato, <span class=\"_ _19\"> </span>si  rif<span class=\"_ _1\"></span>erisce <span class=\"_ _12\"> </span>principalmente <span class=\"_ _19\"> </span>a <span class=\"_ _12\"> </span>valutazioni  ba<span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ate <span class=\"_ _19\"> </span>su previsioni <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>flussi <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>cassa <span class=\"_ _28\"></span>e <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>risultati <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>conto <span class=\"_ _28\"></span>economico. <span class=\"_ _29\"></span>Tali <span class=\"_ _28\"></span>valutazioni <span class=\"_ _29\"></span>so<span class=\"_ _2\"></span>no <span class=\"_ _28\"></span>sottoposte <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span>d analisi <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>sensitivit\u00e0 <span class=\"_ _25\"> </span>basata <span class=\"_ _25\"> </span>s<span class=\"_ _2\"></span>ulla <span class=\"_ _19\"> </span>v<span class=\"_ _23\"></span>ariaz<span class=\"_ _2\"></span>ione <span class=\"_ _25\"> </span>(negativa) <span class=\"_ _25\"> </span>del<span class=\"_ _2\"></span>le <span class=\"_ _25\"> </span>grandezze <span class=\"_ _19\"> </span>economiche <span class=\"_ _25\"> </span>applicate <span class=\"_ _25\"> </span>ai multipli di riferimento entro intervalli ragionevoli.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-427": {
   "value": "C<span class=\"fs6\">REDITI FINANZIARI VALUT<span class=\"_ _2\"></span>ATI AL COSTO AMMORTIZZAT<span class=\"_ _2\"></span>O </span>Si <span class=\"_ _2\"></span>tratta <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>attivit\u00e0 <span class=\"_ _29\"></span>finanziarie <span class=\"_ _2\"></span>acquisite <span class=\"_ _29\"></span>dalla <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _2\"></span>con <span class=\"_ _29\"></span>lo <span class=\"_ _29\"></span>scopo <span class=\"_ _29\"></span>di <span class=\"_ _2\"></span>detenerle <span class=\"_ _2\"></span>fino <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>scadenza <span class=\"_ _29\"></span>per incassarne <span class=\"_ _1\"></span>i <span class=\"_ _23\"></span>relativi intere<span class=\"_ _23\"></span>ssi, le <span class=\"_ _23\"></span>cui <span class=\"_ _23\"></span>eventuali vendite <span class=\"_ _24\"></span>costituiscono eventi <span class=\"_ _23\"></span>incidentali. <span class=\"_ _23\"></span>Queste att<span class=\"_ _1\"></span>ivit\u00e0 finanziarie sono valutate al costo ammortizzato. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHeldtomaturityInvestmentsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-428": {
   "value": "S<span class=\"fs6\">TRUMENTI DERIVATI </span>Gli <span class=\"_ _29\"></span>strumenti <span class=\"_ _28\"></span>derivati <span class=\"_ _28\"></span>non <span class=\"_ _29\"></span>incorporati <span class=\"_ _28\"></span>in <span class=\"_ _28\"></span>altri <span class=\"_ _29\"></span>stru<span class=\"_ _2\"></span>menti <span class=\"_ _29\"></span>finanzia<span class=\"_ _2\"></span>ri <span class=\"_ _29\"></span>sono <span class=\"_ _28\"></span>valutati <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span><span class=\"ffb\">fair <span class=\"_ _29\"></span>value<span class=\"_ _2\"></span></span> <span class=\"_ _29\"></span>con <span class=\"_ _28\"></span>le<span class=\"_ _2\"></span> variazioni di valore imputate direttamente a conto economico.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-429": {
   "value": "C<span class=\"fs6\">REDITI COMMERCIALI <span class=\"_ _2\"></span> </span>I <span class=\"_ _48\"> </span>crediti <span class=\"_ _8\"> </span>sono <span class=\"_ _8\"> </span>iscritti <span class=\"_ _8\"> </span>al <span class=\"_ _8\"> </span><span class=\"ffb\">fa<span class=\"_ _2\"></span>ir <span class=\"_ _48\"> </span>value <span class=\"_ _8\"> </span></span>e <span class=\"_ _8\"> </span>succ<span class=\"_ _2\"></span>essivamente <span class=\"_ _48\"> </span>valutati <span class=\"_ _8\"> </span>al <span class=\"_ _8\"> </span>costo <span class=\"_ _48\"> </span>a<span class=\"_ _2\"></span>mmortizzato. <span class=\"_ _48\"> </span>Sono eventualmente rettificati per le somme ritenute inesigibili.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-430": {
   "value": "D<span class=\"fs6\">ISPONIBILIT\u00c0 LIQUIDE E ME<span class=\"_ _2\"></span>ZZI EQUIVALENTI<span class=\"_ _2\"></span> </span>Le <span class=\"_ _29\"></span>disponibili<span class=\"_ _2\"></span>t\u00e0 <span class=\"_ _29\"></span>liquide <span class=\"_ _28\"></span>e <span class=\"_ _29\"></span>mez<span class=\"_ _2\"></span>zi <span class=\"_ _29\"></span>equivalenti <span class=\"_ _28\"></span>comprendono <span class=\"_ _29\"></span>i <span class=\"_ _28\"></span>valori <span class=\"_ _28\"></span>numerari, <span class=\"_ _28\"></span>ossia <span class=\"_ _28\"></span>quei <span class=\"_ _29\"></span>va<span class=\"_ _2\"></span>lori <span class=\"_ _29\"></span>che possiedono <span class=\"_ _29\"></span>i <span class=\"_ _29\"></span>requisiti <span class=\"_ _29\"></span>del<span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>dis<span class=\"_ _2\"></span>ponibilit\u00e0 <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>vista <span class=\"_ _29\"></span>o <span class=\"_ _28\"></span>a <span class=\"_ _2\"></span>brevis<span class=\"_ _2\"></span>simo <span class=\"_ _29\"></span>termine <span class=\"_ _29\"></span>(entro <span class=\"_ _29\"></span>tre <span class=\"_ _29\"></span>mesi), <span class=\"_ _29\"></span>del <span class=\"_ _28\"></span>buon esito <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span>dell\u2019assenza <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>pese <span class=\"_ _29\"></span>per <span class=\"_ _28\"></span>la <span class=\"_ _29\"></span>riscossione. <span class=\"_ _28\"></span>Le <span class=\"_ _29\"></span>oper<span class=\"_ _2\"></span><span class=\"ff3\">azioni <span class=\"_ _28\"></span>finanziarie <span class=\"_ _29\"></span>sono <span class=\"_ _29\"></span>rilev<span class=\"_ _2\"></span>ate <span class=\"_ _29\"></span>alla <span class=\"_ _28\"></span>data <span class=\"_ _29\"></span>di </span>regolamento.<span class=\"_ _5d\"> </span>Ai  fini  del <span class=\"_ _19\"> </span>Rendiconto  Finanziario,  le<span class=\"_ _23\"></span>  disponibilit\u00e0  monetarie  nette <span class=\"_ _19\"> </span>s<span class=\"_ _2\"></span>ono <span class=\"_ _12\"> </span>rappresentate  dalle<span class=\"_ _1\"></span> disponibilit\u00e0 <span class=\"_ _29\"></span>liquide <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>mezzi <span class=\"_ _28\"></span>equivalenti <span class=\"_ _29\"></span>al <span class=\"_ _29\"></span>netto <span class=\"_ _29\"></span>degli <span class=\"_ _29\"></span>scope<span class=\"_ _2\"></span>rti <span class=\"_ _29\"></span>bancari <span class=\"_ _29\"></span>alla <span class=\"_ _29\"></span>data <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>riferimento <span class=\"_ _29\"></span>del prospetto contabile.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-431": {
   "value": "D<span class=\"fs6\">EBITI COMMERCIALI E FINANZ<span class=\"_ _2\"></span>IARI  </span>I <span class=\"_ _19\"> </span>debiti <span class=\"_ _19\"> </span>commerciali <span class=\"_ _19\"> </span>sono <span class=\"_ _19\"> </span>iscritti <span class=\"_ _19\"> </span>inizialmente <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span><span class=\"ffb\">fair <span class=\"_ _19\"> </span>value <span class=\"_ _19\"> </span></span>e <span class=\"_ _19\"> </span>valutati <span class=\"_ _19\"> </span>successivamente <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span>costo<span class=\"_ _1\"></span> ammortizzato.  Le <span class=\"_ _28\"></span>passivit\u00e0 <span class=\"_ _28\"></span>finanziarie <span class=\"_ _28\"></span>sono <span class=\"_ _28\"></span>rilevate <span class=\"_ _28\"></span>ed <span class=\"_ _2a\"></span>esposte <span class=\"_ _29\"></span>al <span class=\"_ _28\"></span>costo <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>mmortizzato <span class=\"_ _28\"></span>utilizzando <span class=\"_ _28\"></span>il <span class=\"_ _28\"></span>metodo <span class=\"_ _28\"></span>del tasso di interesse effettivo.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-432": {
   "value": "B<span class=\"fs6\">ENEFICI PER I DIPENDENTI <span class=\"_ _2\"></span>E COSTI DEL PERSONALE <span class=\"_ _2\"></span> </span>I <span class=\"_ _19\"> </span>benefici <span class=\"_ _25\"> </span>garantiti <span class=\"_ _19\"> </span>ai <span class=\"_ _19\"> </span>dipendenti <span class=\"_ _25\"> </span>eroga<span class=\"_ _2\"></span>ti <span class=\"_ _19\"> </span>in <span class=\"_ _25\"> </span>coincidenza <span class=\"_ _19\"> </span>o <span class=\"_ _19\"> </span>suc<span class=\"_ _1\"></span>cessivamente <span class=\"_ _25\"> </span>a<span class=\"_ _2\"></span>lla <span class=\"_ _19\"> </span>cessazione <span class=\"_ _25\"> </span>del rapporto <span class=\"_ _19\"> </span>di  lavoro <span class=\"_ _19\"> </span>attraverso <span class=\"_ _19\"> </span>programmi  a <span class=\"_ _19\"> </span>benefici <span class=\"_ _19\"> </span>definiti <span class=\"_ _12\"> </span>sono <span class=\"_ _12\"> </span>riconosciuti <span class=\"_ _19\"> </span>nel <span class=\"_ _19\"> </span>periodo  di<span class=\"_ _5d\"> </span>maturazione <span class=\"_ _1\"></span>del <span class=\"_ _23\"></span>diritto. <span class=\"_ _23\"></span>La passivit\u00e0 <span class=\"_ _23\"></span>relativa <span class=\"_ _23\"></span>ai programmi <span class=\"_ _24\"></span>a benefici <span class=\"_ _23\"></span>definiti, al <span class=\"_ _24\"></span>netto delle <span class=\"_ _23\"></span>eventuali<span class=\"_ _5d\"> </span>attivit\u00e0 <span class=\"_ _24\"></span>al <span class=\"_ _23\"></span>servizio <span class=\"_ _24\"></span>del <span class=\"_ _24\"></span>pia<span class=\"_ _2\"></span>no, <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _24\"></span>determinata <span class=\"_ _23\"></span>sulla <span class=\"_ _24\"></span>base <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>ipotesi <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span>ttuariali <span class=\"_ _24\"></span>ed <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _23\"></span>rilevata <span class=\"_ _24\"></span>per <span class=\"_ _23\"></span>competenza<span class=\"_ _5d\"> </span>coerentemente <span class=\"_ _2a\"></span>alle <span class=\"_ _28\"></span>pres<span class=\"_ _2\"></span>tazioni <span class=\"_ _28\"></span>di <span class=\"_ _27\"></span>lavoro <span class=\"_ _28\"></span>necessarie <span class=\"_ _2a\"></span>per <span class=\"_ _2a\"></span>l\u2019ottenimento <span class=\"_ _2a\"></span>dei <span class=\"_ _2a\"></span>benefici; <span class=\"_ _28\"></span>la <span class=\"_ _2a\"></span>va<span class=\"_ _2\"></span>lutazione<span class=\"_ _5d\"> </span>della passivit\u00e0 \u00e8 effettuata da attuari indipendenti. La <span class=\"_ _2a\"></span>Societ\u00e0 <span class=\"_ _28\"></span>riconosce <span class=\"_ _2a\"></span>benefici <span class=\"_ _2a\"></span>addizionali <span class=\"_ _2a\"></span>ad <span class=\"_ _2a\"></span>alcuni <span class=\"_ _28\"></span>dipe<span class=\"_ _2\"></span>ndenti <span class=\"_ _28\"></span>attraverso <span class=\"_ _2a\"></span>piani <span class=\"_ _2a\"></span>di <span class=\"_ _2a\"></span>incentivazione.<span class=\"_ _5d\"> </span>Attualmente sono in essere un piano di <span class=\"ffb\">stock option </span>e un piano di <span class=\"ffb\">performance shares. </span>Secondo <span class=\"_ _22\"> </span>quanto <span class=\"_ _22\"> </span>stabilito <span class=\"_ _27\"></span>da<span class=\"_ _2\"></span>ll\u2019IFRS <span class=\"_ _22\"> </span>2 <span class=\"_ _22\"> </span>\u2013<span class=\"ff3\"> <span class=\"_ _22\"> </span><span class=\"ffb\">Pagamenti <span class=\"_ _22\"> </span>basati <span class=\"_ _22\"> </span>su <span class=\"_ _22\"> </span>azioni <span class=\"_ _22\"> </span></span></span>\u2013<span class=\"ff3\"> <span class=\"_ _22\"> </span>tali <span class=\"_ _22\"> </span>piani <span class=\"_ _22\"> </span>rappresentano <span class=\"_ _22\"> </span>una<span class=\"_ _5d\"> </span></span>componente <span class=\"_ _29\"></span>della <span class=\"_ _29\"></span>retribuzione <span class=\"_ _29\"></span>dei <span class=\"_ _29\"></span>beneficiari <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>prevedono <span class=\"_ _29\"></span>la <span class=\"_ _29\"></span>modalit\u00e0 <span class=\"_ _29\"></span>del <span class=\"_ _28\"></span><span class=\"ff15\">\u201cequity <span class=\"_ _29\"></span>settlement\u201d <span class=\"_ _29\"></span></span>come<span class=\"_ _5d\"> </span>da <span class=\"_ _28\"></span>regolamento. <span class=\"_ _2a\"></span>Pertanto <span class=\"_ _2a\"></span>il <span class=\"_ _28\"></span>cos<span class=\"_ _2\"></span>to <span class=\"_ _28\"></span>relativo <span class=\"_ _2a\"></span>\u00e8 <span class=\"_ _28\"></span>rappres<span class=\"_ _2\"></span>entato <span class=\"_ _28\"></span>dal <span class=\"_ _27\"></span><span class=\"ffb\">fair <span class=\"_ _28\"></span>valu<span class=\"_ _2\"></span>e <span class=\"_ _28\"></span></span>degli <span class=\"_ _2a\"></span>strumenti <span class=\"_ _28\"></span>finanzia<span class=\"_ _2\"></span>ri<span class=\"_ _5d\"> </span>attribuiti<span class=\"ffb\"> <span class=\"_ _29\"></span></span>alla <span class=\"_ _29\"></span>data <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>assegnazione <span class=\"_ _2\"></span>ed <span class=\"_ _28\"></span>\u00e8 <span class=\"_ _29\"></span>rilevato <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>conto <span class=\"_ _29\"></span>economico <span class=\"_ _29\"></span>lungo <span class=\"_ _29\"></span>il <span class=\"_ _29\"></span>periodo <span class=\"_ _29\"></span>intercorrente<span class=\"_ _5d\"> </span>tra <span class=\"_ _28\"></span>la <span class=\"_ _2a\"></span>data <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>asseg<span class=\"_ _2\"></span>nazione <span class=\"_ _28\"></span>e <span class=\"_ _28\"></span>quella <span class=\"_ _2a\"></span>della <span class=\"_ _28\"></span>maturazione <span class=\"_ _28\"></span>con <span class=\"_ _2a\"></span>contropartita <span class=\"_ _28\"></span>a <span class=\"_ _2a\"></span>patrimonio <span class=\"_ _28\"></span>netto. <span class=\"_ _28\"></span>Una<span class=\"_ _5d\"> </span>quota <span class=\"_ _25\"> </span>del <span class=\"_ _25\"> </span>piano <span class=\"_ _25\"> </span>ha <span class=\"_ _25\"> </span>avuto <span class=\"_ _25\"> </span>modalit\u00e0 <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>esercizio <span class=\"_ _19\"> </span><span class=\"ff15\">\u201ccash <span class=\"_ _22\"> </span>settlement\u201d <span class=\"_ _25\"> </span></span>come<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>da <span class=\"_ _25\"> </span>regolamento, <span class=\"_ _19\"> </span>i<span class=\"_ _23\"></span>l <span class=\"_ _19\"> </span>co<span class=\"_ _1\"></span>sto<span class=\"_ _5d\"> </span>relativo, <span class=\"_ _23\"></span>rappresentato <span class=\"_ _24\"></span>dal <span class=\"_ _24\"></span>corris<span class=\"_ _2\"></span>pettivo <span class=\"_ _24\"></span>eroga<span class=\"_ _2\"></span>to, <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _24\"></span>s<span class=\"_ _2\"></span>tato <span class=\"_ _24\"></span>rilevato <span class=\"_ _23\"></span>a <span class=\"_ _24\"></span>conto <span class=\"_ _23\"></span>economico <span class=\"_ _24\"></span>lung<span class=\"_ _2\"></span>o <span class=\"_ _24\"></span>il <span class=\"_ _23\"></span>periodo<span class=\"_ _5d\"> </span>intercorrente tra <span class=\"_ _1\"></span>la data <span class=\"_ _1\"></span>di assegnazione <span class=\"_ _23\"></span>e quella della <span class=\"_ _23\"></span>maturazione<span class=\"_ _2\"></span> con <span class=\"_ _23\"></span>contropartita una riduzione<span class=\"_ _5d\"> </span>delle disponibilit\u00e0 liquide.<span class=\"_ _5d\"> </span>Al <span class=\"_ _2\"></span>momento <span class=\"_ _2\"></span>dell\u2019esercizio <span class=\"_ _2\"></span>delle <span class=\"_ _2\"></span>opzi<span class=\"_ _2\"></span>oni <span class=\"_ _2\"></span><span class=\"ff15\">\u201cequity <span class=\"_ _2\"></span>settled\u201d<span class=\"ff3\"> <span class=\"_ _29\"></span>da <span class=\"_ _2\"></span>parte <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>bene<span class=\"_ _2\"></span>ficiari con <span class=\"_ _2\"></span>il <span class=\"_ _29\"></span>trasferimento<span class=\"_ _5d\"> </span></span></span>di azioni proprie <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span> fronte <span class=\"_ _1\"></span>della liquidit\u00e0 ricevuta <span class=\"_ _23\"></span>viene stornata la riserva <span class=\"_ _23\"></span>per piani di <span class=\"ffb\">stock option</span> per<span class=\"_ _5d\"> </span>la <span class=\"_ _2a\"></span>quota <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>ttribuibile <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>lle <span class=\"_ _28\"></span>opzioni <span class=\"_ _2a\"></span>esercitate, <span class=\"_ _2a\"></span>viene <span class=\"_ _2a\"></span>stornata <span class=\"_ _2a\"></span>la <span class=\"_ _2a\"></span>riserva <span class=\"_ _2a\"></span>per <span class=\"_ _28\"></span>azi<span class=\"_ _2\"></span>oni <span class=\"_ _28\"></span>proprie <span class=\"_ _2a\"></span>in <span class=\"_ _2a\"></span>base <span class=\"_ _2a\"></span>al<span class=\"_ _5d\"> </span>costo <span class=\"_ _26\"> </span>medio <span class=\"_ _26\"> </span>delle <span class=\"_ _21\"> </span>azioni <span class=\"_ _26\"> </span>cedute <span class=\"_ _26\"> </span>e <span class=\"_ _26\"> </span>viene <span class=\"_ _21\"> </span>rilev<span class=\"_ _2\"></span>ato  il <span class=\"_ _48\"> </span>differenziale <span class=\"_ _21\"> </span>residuo <span class=\"_ _26\"> </span>quale <span class=\"_ _48\"> </span><span class=\"ffb\">plus-m<span class=\"_ _2\"></span>inus</span>  su<span class=\"_ _5d\"> </span>negoziazione <span class=\"_ _25\"> </span>azioni <span class=\"_ _25\"> </span>proprie <span class=\"_ _25\"> </span>con <span class=\"_ _25\"> </span>contropartita <span class=\"_ _25\"> </span>la<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>riserva <span class=\"_ _22\"> </span>s<span class=\"_ _2\"></span>ovrapprezzo <span class=\"_ _25\"> </span>azioni, <span class=\"_ _25\"> </span>secondo <span class=\"_ _25\"> </span>la <span class=\"_ _19\"> </span><span class=\"ffb\">policy<span class=\"_ _5d\"> </span></span>contabile adottata.<span class=\"_ _5d\"> </span>Analogamente al momento del <span class=\"_ _2\"></span>trasferimento di azioni proprie corrispondenti al<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span><span class=\"ffb\">performance shares<span class=\"_ _5d\"> </span></span>maturate <span class=\"_ _2a\"></span>viene <span class=\"_ _27\"></span>stornata <span class=\"_ _28\"></span>la <span class=\"_ _27\"></span>riserva <span class=\"_ _2a\"></span>per <span class=\"_ _2a\"></span>piani <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span><span class=\"ffb\">performance <span class=\"_ _28\"></span>sha<span class=\"_ _2\"></span>res</span> <span class=\"_ _2a\"></span>per <span class=\"_ _27\"></span>la <span class=\"_ _2a\"></span>quota <span class=\"_ _28\"></span>attribuibile <span class=\"_ _27\"></span>alle <span class=\"_ _2a\"></span><span class=\"ffb\">un<span class=\"_ _2\"></span>its<span class=\"_ _5d\"> </span></span>esercitate <span class=\"_ _2\"></span>e quindi <span class=\"_ _2\"></span>alle <span class=\"_ _2\"></span>azioni trasferite, <span class=\"_ _2\"></span>viene <span class=\"_ _2\"></span>stornata <span class=\"_ _2\"></span>la <span class=\"_ _2\"></span>riserva per <span class=\"_ _2\"></span>azioni <span class=\"_ _2\"></span>proprie in <span class=\"_ _2\"></span>base <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>costo<span class=\"_ _5d\"> </span>medio <span class=\"_ _29\"></span>delle <span class=\"_ _29\"></span>azioni <span class=\"_ _29\"></span>cedute <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>viene <span class=\"_ _28\"></span>rilevato <span class=\"_ _29\"></span>il <span class=\"_ _29\"></span>differenziale <span class=\"_ _29\"></span>residuo <span class=\"_ _29\"></span>quale <span class=\"_ _28\"></span><span class=\"ffb\">plus-minus</span> <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>u <span class=\"_ _29\"></span>negoziazione<span class=\"_ _5d\"> </span>azioni proprie <span class=\"_ _23\"></span>con contropartita la <span class=\"_ _23\"></span>riserva sovrapprezzo <span class=\"_ _1\"></span>azioni, secondo <span class=\"_ _23\"></span>la <span class=\"ffb\">policy</span> contabile <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>dottata.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-433": {
   "value": "A<span class=\"fs6\">ZIONI PROPRIE  </span>Le <span class=\"_ _2\"></span>azioni <span class=\"_ _2\"></span>proprie <span class=\"_ _29\"></span>possedute <span class=\"_ _2\"></span>dalla <span class=\"_ _29\"></span>capogruppo <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>iscritte <span class=\"_ _29\"></span>a <span class=\"_ _2\"></span>riduzione <span class=\"_ _2\"></span>del <span class=\"_ _29\"></span>patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span>nella<span class=\"_ _2\"></span> riserva negativa per azioni proprie. Il costo originario delle azioni proprie ed i ricavi derivanti da<span class=\"_ _2\"></span>lle<span class=\"_ _5d\"> </span>eventuali <span class=\"_ _19\"> </span>vendite <span class=\"_ _19\"> </span>successive <span class=\"_ _19\"> </span>sono <span class=\"_ _12\"> </span>rilevati <span class=\"_ _19\"> </span>come <span class=\"_ _19\"> </span>movimenti <span class=\"_ _12\"> </span>di <span class=\"_ _19\"> </span>patrimonio <span class=\"_ _19\"> </span>netto <span class=\"_ _19\"> </span>imputando  il differenziale <span class=\"_ _52\"> </span>quale <span class=\"_ _4b\"> </span><span class=\"ffb\">plus-minus</span> <span class=\"_ _52\"> </span>su <span class=\"_ _4b\"> </span>negoziazione <span class=\"_ _4b\"> </span>a<span class=\"_ _2\"></span>zioni <span class=\"_ _4b\"> </span>proprie <span class=\"_ _52\"> </span>con <span class=\"_ _4b\"> </span>contropartita <span class=\"_ _52\"> </span>la <span class=\"_ _4b\"> </span>rise<span class=\"_ _2\"></span>rva sovrapprezzo azioni, secondo la <span class=\"ffb\">policy</span> contabile adottata.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-434": {
   "value": "R<span class=\"fs6\">ICAVI  </span>I <span class=\"_ _22\"> </span>ricavi <span class=\"_ _22\"> </span>sono <span class=\"_ _22\"> </span>rilevati <span class=\"_ _22\"> </span>nel <span class=\"_ _22\"> </span>momento <span class=\"_ _22\"> </span>in <span class=\"_ _25\"> </span>cui <span class=\"_ _22\"> </span>il <span class=\"_ _22\"> </span>cliente <span class=\"_ _22\"> </span>acquisisce <span class=\"_ _22\"> </span>il <span class=\"_ _22\"> </span>controllo <span class=\"_ _22\"> </span>sui <span class=\"_ _22\"> </span>servizi <span class=\"_ _22\"> </span>prestati <span class=\"_ _22\"> </span>e, conseguentemente, <span class=\"_ _23\"></span>quando <span class=\"_ _23\"></span>lo <span class=\"_ _23\"></span>stess<span class=\"_ _2\"></span>o <span class=\"_ _23\"></span>ha <span class=\"_ _23\"></span>la <span class=\"_ _1\"></span>capacit\u00e0 <span class=\"_ _23\"></span>di <span class=\"_ _24\"></span>dirige<span class=\"_ _2\"></span>rne <span class=\"_ _23\"></span>l\u2019uso <span class=\"_ _23\"></span>e ott<span class=\"_ _1\"></span>enerne <span class=\"_ _23\"></span>i <span class=\"_ _23\"></span>benefici.<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>Nel <span class=\"_ _23\"></span>cas<span class=\"_ _2\"></span>o in <span class=\"_ _23\"></span>cui il <span class=\"_ _23\"></span>contratto <span class=\"_ _1\"></span>prevede <span class=\"_ _23\"></span>una parte <span class=\"_ _23\"></span>del <span class=\"_ _23\"></span>corrispettivo variabile <span class=\"_ _23\"></span>in b<span class=\"_ _1\"></span>ase <span class=\"_ _23\"></span>al verifica<span class=\"_ _23\"></span>rsi<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>o meno <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>lcuni eventi <span class=\"_ _28\"></span>futuri, <span class=\"_ _28\"></span>la <span class=\"_ _28\"></span>stima <span class=\"_ _29\"></span>del<span class=\"_ _2\"></span>la <span class=\"_ _29\"></span>parte <span class=\"_ _2a\"></span>variabile <span class=\"_ _29\"></span>viene <span class=\"_ _28\"></span>inclusa <span class=\"_ _28\"></span>nei <span class=\"_ _28\"></span>ricavi <span class=\"_ _28\"></span>solo <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>e <span class=\"_ _29\"></span>il <span class=\"_ _2a\"></span>loro <span class=\"_ _29\"></span>verificarsi <span class=\"_ _2a\"></span>risulta<span class=\"_ _1\"></span> altamente probabile. In caso di transazioni che<span class=\"_ _1\"></span> prevedono la prestazione cont<span class=\"_ _1\"></span>estuale di pi\u00f9 servizi, il <span class=\"_ _28\"></span>prezzo <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>vendita <span class=\"_ _28\"></span>\u00e8 <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span>llocato <span class=\"_ _29\"></span>in <span class=\"_ _2a\"></span>base <span class=\"_ _29\"></span>al <span class=\"_ _28\"></span>prezzo <span class=\"_ _28\"></span>che <span class=\"_ _28\"></span>la <span class=\"_ _28\"></span>societ\u00e0 <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span>pplicherebbe <span class=\"_ _29\"></span>ai <span class=\"_ _28\"></span>clienti <span class=\"_ _28\"></span>qualora <span class=\"_ _28\"></span>gli stessi <span class=\"_ _2c\"> </span>servizi <span class=\"_ _18\"> </span>inclusi <span class=\"_ _2c\"> </span>nel <span class=\"_ _18\"> </span>contratto <span class=\"_ _2c\"> </span>fossero <span class=\"_ _18\"> </span>venduti <span class=\"_ _2c\"> </span>s<span class=\"_ _2\"></span>ingolarmente<span class=\"_ _2\"></span><span class=\"ff1 fs1f\">.</span> <span class=\"_ _2c\"> </span>Secondo <span class=\"_ _2c\"> </span>la<span class=\"_ _2\"></span> <span class=\"_ _2c\"> </span>tipologia <span class=\"_ _18\"> </span>di operazione, i ricavi sono rilevati sulla base dei criteri specifici di seguito riportati:<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _53\"> </span></span>i <span class=\"_ _28\"></span>ricavi <span class=\"_ _28\"></span>per <span class=\"_ _28\"></span><span class=\"ls8\">la<span class=\"_ _2\"></span></span> <span class=\"_ _28\"></span>prestazione <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>serviz<span class=\"_ _2\"></span>i <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span><span class=\"ffb\">advisory/investment</span> <span class=\"_ _2a\"></span><span class=\"ffb\">banking</span> <span class=\"_ _28\"></span>sono <span class=\"_ _28\"></span>rileva<span class=\"_ _2\"></span>ti <span class=\"_ _28\"></span>con <span class=\"_ _28\"></span>riferimento<span class=\"_ _5d\"> </span>allo <span class=\"_ _19\"> </span>stato <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>completamento <span class=\"_ _19\"> </span>delle <span class=\"_ _25\"> </span>attivit\u00e0. <span class=\"_ _19\"> </span>Per <span class=\"_ _25\"> </span>ragioni <span class=\"_ _25\"> </span>pratiche,<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>quando<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>i <span class=\"_ _19\"> </span>s<span class=\"_ _1\"></span>ervizi <span class=\"_ _25\"> </span>s<span class=\"_ _2\"></span>ono <span class=\"_ _25\"> </span>resi<span class=\"_ _5d\"> </span>attraverso <span class=\"_ _23\"></span><span class=\"ls9\">un<span class=\"ls0\"> <span class=\"_ _23\"></span>numero indeterminato <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>zioni <span class=\"_ _23\"></span><span class=\"ls8\">in<span class=\"ls0\"> <span class=\"_ _23\"></span><span class=\"ls9\">un<span class=\"ls0\"> <span class=\"_ _1\"></span>determinato <span class=\"_ _23\"></span>periodo<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>tempo,<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>i <span class=\"_ _23\"></span>ricavi <span class=\"_ _1\"></span>sono<span class=\"_ _5d\"> </span></span></span></span></span></span></span>rilevati <span class=\"_ _2a\"></span>a <span class=\"_ _2a\"></span>quote <span class=\"_ _28\"></span>cos<span class=\"_ _2\"></span>tanti <span class=\"_ _2a\"></span>nel <span class=\"_ _2a\"></span>determinato <span class=\"_ _2a\"></span>periodo <span class=\"_ _2a\"></span>di <span class=\"_ _28\"></span>tempo <span class=\"_ _27\"></span>a <span class=\"_ _2a\"></span>meno <span class=\"_ _28\"></span>che <span class=\"_ _2a\"></span>sia <span class=\"_ _2a\"></span>evidente <span class=\"_ _2a\"></span>che <span class=\"_ _2a\"></span>altri<span class=\"_ _5d\"> </span>metodi rappresentino <span class=\"ls8\">in</span> modo migliore <span class=\"ls8\">lo</span> stadio di completamento della prestazione; -<span class=\"ff6\"> <span class=\"_ _53\"> </span></span><span class=\"ls8\">le</span> <span class=\"_ _27\"></span><span class=\"ffb\">success <span class=\"_ _27\"></span>fee <span class=\"_ _27\"> </span></span>che <span class=\"_ _27\"></span>maturano <span class=\"_ _27\"></span><span class=\"lsa\">al</span> <span class=\"_ _27\"></span>momento <span class=\"_ _27\"></span><span class=\"ff7\">dell\u2019esecuzione</span> <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span><span class=\"ls9\">un</span> <span class=\"_ _27\"></span>atto <span class=\"_ _2a\"></span>s<span class=\"_ _2\"></span>ignificativo, <span class=\"_ _27\"></span>sono <span class=\"_ _27\"></span>rilevate<span class=\"_ _5d\"> </span>come ricavi quando <span class=\"ff7\">l\u2019atto</span> significativo \u00e8 stato completato;<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _53\"> </span></span><span class=\"ls8\">le</span> <span class=\"_ _28\"></span>componenti <span class=\"_ _2a\"></span>variabili <span class=\"_ _2a\"></span>di <span class=\"_ _28\"></span>ricavo <span class=\"_ _2a\"></span>per <span class=\"_ _2a\"></span><span class=\"ls8\">la</span> <span class=\"_ _28\"></span>prestazione <span class=\"_ _28\"></span>di <span class=\"_ _2a\"></span>servizi <span class=\"_ _2a\"></span>diverse <span class=\"_ _28\"></span>da<span class=\"_ _2\"></span>lle <span class=\"_ _28\"></span><span class=\"ffb\">success <span class=\"_ _28\"></span>fee</span> <span class=\"_ _28\"></span>vengono<span class=\"_ _5d\"> </span>rilevate <span class=\"_ _2\"></span>con <span class=\"_ _29\"></span>riferimento <span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>llo <span class=\"_ _2\"></span>stato <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>completamento <span class=\"_ _29\"></span>nella <span class=\"_ _2\"></span>misura <span class=\"_ _29\"></span><span class=\"ls8\">in</span> <span class=\"_ _2\"></span>cui <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _2\"></span>altamente <span class=\"_ _29\"></span>probabile<span class=\"_ _5d\"> </span>che <span class=\"_ _29\"></span>quando <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>uccessivamente <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>ar\u00e0 <span class=\"_ _29\"></span>risolta <span class=\"_ _28\"></span>l'incertezza <span class=\"_ _29\"></span>associata <span class=\"_ _28\"></span><span class=\"lsa\">al</span> <span class=\"_ _29\"></span>corrispettivo <span class=\"_ _29\"></span>variabile <span class=\"_ _28\"></span>non <span class=\"_ _29\"></span><span class=\"ls3\">si<span class=\"_ _5d\"> </span></span>verifichi <span class=\"ls9\">un</span> significativo aggiustamento <span class=\"lsa\">al</span> ribasso dell'importo dei ricavi cumulati rilevati.<span class=\"_ _5d\"> </span>Nel caso in cui non <span class=\"_ _1\"></span>sia possibile determinare <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>ttendibilmente il valore dei<span class=\"_ _23\"></span> rica<span class=\"_ _2\"></span>vi, questi ultimi sono<span class=\"_ _5d\"> </span>rilevati fino a concorrenza dei costi sostenuti che si ritiene saranno recuperati. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-435": {
   "value": "P<span class=\"fs6\">ROVENTI ED ONERI DERIVA<span class=\"_ _2\"></span>NTI DALLA CESSIONE DI TITOLI <span class=\"_ _2\"></span> </span>I <span class=\"_ _22\"> </span>proventi <span class=\"_ _25\"> </span>e <span class=\"_ _25\"> </span>oneri <span class=\"_ _25\"> </span>derivanti <span class=\"_ _22\"> </span>dalla <span class=\"_ _22\"> </span>cess<span class=\"_ _2\"></span>ione <span class=\"_ _22\"> </span>di <span class=\"_ _25\"> </span>titoli <span class=\"_ _22\"> </span>classificati <span class=\"_ _25\"> </span>tra <span class=\"_ _25\"> </span>le <span class=\"_ _22\"> </span>attivit\u00e0 <span class=\"_ _22\"> </span>finanzia<span class=\"_ _2\"></span>rie <span class=\"_ _22\"> </span>correnti valutate <span class=\"_ _27\"></span>a <span class=\"_ _27\"></span>FVOCI <span class=\"_ _27\"></span>vengono <span class=\"_ _27\"></span>rilevati <span class=\"_ _2a\"></span>per <span class=\"_ _22\"> </span>competenza <span class=\"_ _2a\"></span>sulla <span class=\"_ _27\"></span>base <span class=\"_ _27\"></span>della <span class=\"_ _27\"></span>data <span class=\"_ _27\"></span>valuta <span class=\"_ _27\"></span>dell\u2019operazione, imputando  a  conto <span class=\"_ _21\"> </span>economico  anche <span class=\"_ _21\"> </span>le  variazioni  di <span class=\"_ _26\"> </span><span class=\"ffb\">fair  valu<span class=\"_ _2\"></span>e  </span>precedentemente  imputate  a patrimonio netto.<span class=\"_ _5d\"> </span>P<span class=\"fs6\">ROVENTI ED ONERI FINANZIA<span class=\"_ _2\"></span>RI  </span>I <span class=\"_ _28\"></span>proventi <span class=\"_ _28\"></span>ed <span class=\"_ _2a\"></span>oneri <span class=\"_ _2a\"></span>finanziari <span class=\"_ _2a\"></span>sono <span class=\"_ _2a\"></span>rilevati <span class=\"_ _28\"></span>per <span class=\"_ _28\"></span>competenza <span class=\"_ _2a\"></span>sulla <span class=\"_ _2a\"></span>base <span class=\"_ _28\"></span>degli <span class=\"_ _28\"></span>interess<span class=\"_ _2\"></span>i <span class=\"_ _28\"></span>maturati <span class=\"_ _28\"></span>sul valore netto delle relative attivit\u00e0 e passivit\u00e0 finanziarie utilizzando il tasso di interesse effettivo.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-436": {
   "value": "D<span class=\"fs6\">IVIDENDI </span>I <span class=\"_ _27\"></span>dividendi <span class=\"_ _22\"> </span>sono <span class=\"_ _27\"></span>rileva<span class=\"_ _2\"></span>ti <span class=\"_ _27\"></span>nell\u2019esercizio <span class=\"_ _22\"> </span>nel <span class=\"_ _22\"> </span>quale <span class=\"_ _27\"></span>\u00e8 <span class=\"_ _22\"> </span>stabilito <span class=\"_ _27\"></span>il <span class=\"_ _22\"> </span>diritto <span class=\"_ _27\"></span>degli <span class=\"_ _22\"> </span>azionisti <span class=\"_ _22\"> </span>di <span class=\"_ _27\"></span>rice<span class=\"_ _2\"></span>vere <span class=\"_ _27\"></span>il relativo <span class=\"_ _23\"></span>pagamento. <span class=\"_ _1\"></span>Relativamente <span class=\"_ _23\"></span>ai <span class=\"_ _23\"></span>dividendi <span class=\"_ _1\"></span>ricevuti <span class=\"_ _23\"></span>da <span class=\"_ _23\"></span>partecipazioni <span class=\"_ _1\"></span>valutate <span class=\"_ _23\"></span>con <span class=\"_ _23\"></span>il <span class=\"_ _23\"></span>metodo del patrimonio netto, questi sono rilevati a riduzione del valore della partecipazione.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-437": {
   "value": "I<span class=\"fs6\">MPOSTE SUL REDDITO </span><span class=\"fs6\"><span class=\"_ _2\"></span> </span>Le <span class=\"_ _19\"> </span>imposte  correnti <span class=\"_ _19\"> </span>sul <span class=\"_ _19\"> </span>reddito <span class=\"_ _19\"> </span>del  periodo <span class=\"_ _19\"> </span>sono <span class=\"_ _19\"> </span>determinate  in <span class=\"_ _19\"> </span>base <span class=\"_ _19\"> </span>alla <span class=\"_ _19\"> </span>stima  d<span class=\"_ _1\"></span>el <span class=\"_ _19\"> </span>reddito<span class=\"_ _5d\"> </span> imponibile <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>conformit\u00e0 <span class=\"_ _29\"></span>alle <span class=\"_ _2\"></span>disposizioni <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>vigore. <span class=\"_ _2\"></span>Le <span class=\"_ _2\"></span>imposte <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>reddito <span class=\"_ _2\"></span>differite <span class=\"_ _2\"></span>e <span class=\"_ _29\"></span>anticipate<span class=\"_ _5d\"> </span> sono calcolate sulle <span class=\"_ _1\"></span>differenze temporanee tra <span class=\"_ _23\"></span>i valori patrimonia<span class=\"_ _2\"></span>li iscritti nel <span class=\"_ _1\"></span>prospetto contabile <span class=\"_ _1\"></span>e<span class=\"_ _5d\"> </span> i <span class=\"_ _27\"></span>corrispondenti <span class=\"_ _2a\"></span>va<span class=\"_ _2\"></span>lori <span class=\"_ _2a\"></span>riconosciuti <span class=\"_ _27\"></span>ai <span class=\"_ _27\"></span>fini <span class=\"_ _2a\"></span>fiscali. <span class=\"_ _27\"></span>L\u2019iscrizione <span class=\"_ _27\"></span>di <span class=\"_ _2a\"></span>attivit\u00e0 <span class=\"_ _27\"></span>per <span class=\"_ _27\"></span>imposte <span class=\"_ _2a\"></span>anticipate <span class=\"_ _27\"></span>\u00e8<span class=\"_ _5d\"> </span> effettuata <span class=\"_ _28\"></span>quando <span class=\"_ _2a\"></span>il <span class=\"_ _2a\"></span>recupero <span class=\"_ _28\"></span>\u00e8 <span class=\"_ _2a\"></span>ritenuto <span class=\"_ _28\"></span>probabile, <span class=\"_ _2a\"></span>cio\u00e8 <span class=\"_ _2a\"></span>quando <span class=\"_ _28\"></span>s<span class=\"_ _2\"></span>i <span class=\"_ _28\"></span>prevede <span class=\"_ _2a\"></span>che <span class=\"_ _28\"></span>possano <span class=\"_ _2a\"></span>rendersi<span class=\"_ _5d\"> </span> disponibili in <span class=\"_ _23\"></span>futuro <span class=\"_ _1\"></span>utili fiscali <span class=\"_ _23\"></span>sufficienti per <span class=\"_ _23\"></span>permettere <span class=\"_ _1\"></span>che t<span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>le <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>possa <span class=\"_ _23\"></span>essere realizzata. <span class=\"_ _23\"></span>La<span class=\"_ _5d\"> </span> recuperabilit\u00e0 delle <span class=\"_ _23\"></span>attivit\u00e0 per <span class=\"_ _23\"></span>imposte anticipate v<span class=\"_ _1\"></span>iene <span class=\"_ _1\"></span>riesaminata ad <span class=\"_ _23\"></span>ogni chiusura <span class=\"_ _23\"></span>di periodo. <span class=\"_ _1\"></span>Le<span class=\"_ _5d\"> </span> imposte differite sono sempre rilevate in ottemperanza a quanto richiesto dallo IAS 12.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-438": {
   "value": "(3) Modalit\u00e0 di presentazione Vengono <span class=\"_ _25\"> </span>nel <span class=\"_ _25\"> </span>seguito <span class=\"_ _19\"> </span>rie<span class=\"_ _23\"></span>piloga<span class=\"_ _2\"></span>te <span class=\"_ _25\"> </span>le <span class=\"_ _25\"> </span>scelte <span class=\"_ _25\"> </span>adottate <span class=\"_ _25\"> </span>dal <span class=\"_ _19\"> </span>g<span class=\"ff7\">ruppo <span class=\"_ _25\"> </span>relativamente <span class=\"_ _25\"> </span>all\u2019esposizione <span class=\"_ _25\"> </span>dei<span class=\"_ _5d\"> </span></span>prospetti contabili consolidati: prospetto di conto economico e prospetto di conto<span class=\"_ _23\"></span> ec<span class=\"_ _2\"></span>onomico complessivo: <span class=\"ls8\">lo</span> IAS 1 rich<span class=\"_ _1\"></span>iede<span class=\"_ _5d\"> </span>alternativamente <span class=\"_ _22\"> </span>una <span class=\"_ _22\"> </span>classificazione <span class=\"_ _22\"> </span>delle <span class=\"_ _22\"> </span>voci <span class=\"_ _22\"> </span>basata <span class=\"_ _22\"> </span>sulla<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>natura <span class=\"_ _22\"> </span>o <span class=\"_ _22\"> </span>sulla <span class=\"_ _22\"> </span>destinazione <span class=\"_ _27\"></span>del<span class=\"_ _2\"></span>le<span class=\"_ _5d\"> </span>stesse. <span class=\"lsc\">Il</span> gruppo ha deciso di utilizza<span class=\"_ _2\"></span>re <span class=\"ls8\">lo</span> schema delle voci classificate per natura; prospetto <span class=\"_ _2a\"></span>della <span class=\"_ _27\"></span>situazione <span class=\"_ _2a\"></span>patrimoniale <span class=\"_ _27\"></span>- <span class=\"_ _28\"></span>finanz<span class=\"_ _2\"></span>iaria: <span class=\"_ _2a\"></span>secondo <span class=\"_ _2a\"></span><span class=\"ls8\">lo</span> <span class=\"_ _2a\"></span>IAS <span class=\"_ _27\"></span><span class=\"ls8\">1,</span> <span class=\"_ _2a\"></span><span class=\"ls8\">le</span> <span class=\"_ _2a\"></span>attivit\u00e0 <span class=\"_ _27\"></span>e <span class=\"_ _2a\"></span>passivit\u00e0<span class=\"_ _5d\"> </span>devono <span class=\"_ _19\"> </span>essere <span class=\"_ _19\"> </span>c<span class=\"_ _23\"></span>la<span class=\"_ _2\"></span>ssificate <span class=\"_ _25\"> </span><span class=\"ls8\">in</span> <span class=\"_ _19\"> </span>correnti <span class=\"_ _19\"> </span>e <span class=\"_ _25\"> </span>non <span class=\"_ _19\"> </span>correnti <span class=\"_ _19\"> </span>o, <span class=\"_ _25\"> </span><span class=\"ls8\">in</span> <span class=\"_ _19\"> </span>alternativa, <span class=\"_ _19\"> </span>seco<span class=\"_ _23\"></span>ndo<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span><span class=\"ff7\">l\u2019ordine</span> <span class=\"_ _25\"> </span>di<span class=\"_ _5d\"> </span>liquidit\u00e0. <span class=\"lsc\">Il</span> gruppo ha s<span class=\"_ _2\"></span>celto <span class=\"ls8\">il</span> criterio di classificazione <span class=\"ls8\">in</span> correnti e non correnti;<span class=\"_ _5d\"> </span>prospetto <span class=\"_ _19\"> </span>dei <span class=\"_ _19\"> </span>movimenti <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>pa<span class=\"_ _2\"></span>trimonio <span class=\"_ _19\"> </span>netto <span class=\"_ _19\"> </span>consolidato, <span class=\"_ _19\"> </span>predisposto <span class=\"_ _12\"> </span><span class=\"ls8\">in</span> <span class=\"_ _19\"> </span>ottemperanza <span class=\"_ _19\"> </span>a<span class=\"_ _5d\"> </span>quanto previsto dallo IAS <span class=\"ls8\">1;</span> rendiconto <span class=\"_ _28\"></span>finanzia<span class=\"_ _2\"></span>rio: <span class=\"_ _28\"></span>s<span class=\"_ _2\"></span>econdo <span class=\"_ _28\"></span><span class=\"ls8\">lo</span> <span class=\"_ _28\"></span>IAS <span class=\"_ _2a\"></span>7 <span class=\"_ _2a\"></span><span class=\"ls8\">il</span> <span class=\"_ _2a\"></span>rendiconto <span class=\"_ _2a\"></span>finanziario <span class=\"_ _2a\"></span>presenta <span class=\"_ _2a\"></span>i <span class=\"_ _28\"></span>fluss<span class=\"_ _2\"></span>i <span class=\"_ _28\"></span>finanzia<span class=\"_ _2\"></span>ri<span class=\"_ _5d\"> </span>avvenuti <span class=\"_ _2\"></span><span class=\"ff7\">nell\u2019esercizio</span> <span class=\"_ _2\"></span>classificati <span class=\"_ _2\"></span>tra <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>operativa, <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>investimento <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>finanziaria, <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>ulla bas<span class=\"_ _2\"></span>e<span class=\"_ _5d\"> </span>del metodo indiretto.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-480": {
   "value": "(4) Informativa di settore TIP  \u00e8  un  gruppo  indust<span class=\"_ _1\"></span>riale  diversificato  ed  indipendente<span class=\"ls8\">.  </span><span class=\"ff7\">L\u2019attivit\u00e0  svolta  dal<span class=\"_ _1\"></span>  <span class=\"ffb\">management<span class=\"ff3\">  a</span> </span></span>supporto  dell\u2019attivit\u00e0, <span class=\"_ _12\"> </span>sia  a  livello <span class=\"_ _12\"> </span>di  contatti <span class=\"_ _19\"> </span>di  <span class=\"ffb\">ma<span class=\"_ _2\"></span>rketing<span class=\"ff3\">,  sia <span class=\"_ _19\"> </span>di  iniziative  anche  i<span class=\"_ _1\"></span>stituzionali </span></span>sull\u2019esterno <span class=\"_ _29\"></span>che <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>coinvolgimento <span class=\"_ _29\"></span>nei <span class=\"_ _29\"></span>diversi <span class=\"_ _29\"></span><span class=\"ffb\">deal<span class=\"_ _2\"></span><span class=\"ff3\">, <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _29\"></span>molto <span class=\"_ _29\"></span>integrata. <span class=\"_ _29\"></span>Inoltre, <span class=\"_ _29\"></span>anche<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>relativamente </span></span>all\u2019attivit\u00e0 <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span><span class=\"ffb\">execution,<span class=\"_ _2\"></span><span class=\"ff3\"> <span class=\"_ _27\"></span></span></span>l\u2019attivit\u00e0 <span class=\"_ _27\"></span>\u00e8 <span class=\"_ _27\"></span>organizzata <span class=\"_ _27\"></span>con <span class=\"_ _27\"></span>l\u2019obiettivo <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>rendere <span class=\"_ _22\"> </span>pi\u00f9 <span class=\"_ _27\"></span>flessibile <span class=\"_ _27\"></span>l\u2019impiego <span class=\"_ _27\"></span>a \u201cchiamata\u201d dei collaboratori all\u2019occorrenza in attivit\u00e0 di <span class=\"ffb\">advisory<span class=\"ff3\"> ovvero di </span>equity<span class=\"ff3 ls8\">. <span class=\"ls0\"> </span></span></span>Risulta pertanto impossibile fornire una precisa rappresentazione economico finanziaria separata delle differenti aree di attivit\u00e0, in quanto la suddivisione del costo del lavoro p<span class=\"_ _1\"></span>otrebbe condurre ad<span class=\"_ _2\"></span> una distorsione dei livelli di redditivit\u00e0 dei segmenti di attivit\u00e0. Nel <span class=\"_ _25\"> </span>presente <span class=\"_ _25\"> </span>bilancio <span class=\"_ _25\"> </span>consolidato <span class=\"_ _25\"> </span>viene <span class=\"_ _19\"> </span>p<span class=\"_ _23\"></span>ertanto <span class=\"_ _25\"> </span>fornito <span class=\"_ _25\"> </span>solo<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span><span class=\"ls8\">il</span> <span class=\"_ _25\"> </span>dettaglio <span class=\"_ _25\"> </span><span class=\"ff7\">dell\u2019andamento</span> <span class=\"_ _25\"> </span>della componente <span class=\"_ _1\"></span><span class=\"ff7\">\u201cRicavi<span class=\"ff3\"> <span class=\"_ _1\"></span>delle <span class=\"_ _23\"></span>vendite e <span class=\"_ _23\"></span>delle <span class=\"ff7\">prestazioni<span class=\"_ _1\"></span>\u201d,<span class=\"ff3\"> <span class=\"_ _23\"></span>le<span class=\"_ _2\"></span>gata <span class=\"_ _1\"></span>alla <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ola <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>ttivit\u00e0 <span class=\"_ _23\"></span>di <span class=\"ffb\">adviso<span class=\"_ _1\"></span>ry, <span class=\"_ _23\"></span><span class=\"ff3\">escl<span class=\"_ _2\"></span>udendo </span></span></span></span></span></span>pertanto <span class=\"ls8\">la</span> voce <span class=\"ff7\">\u201cAltri</span> <span class=\"ff7\">ricavi\u201d.</span>  <table class=\"s w233 hf1\" id=\"_b2636021-2005-44cd-84bc-4aa0a6332cee\"><tr><td class=\"c x1bd yc6f w6b h4d\"><div class=\"t m0 x1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1be yc6f w6c h4d\"><div class=\"t m0 x82 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1bf yc6f w6d h4d\"><div class=\"t m0 x31 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x1bd yc70 w6b h4e\"><div class=\"t m0 x1 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Ricavi delle <span class=\"_ _2\"></span>vendite e delle prestazioni<span class=\"_ _2\"></span> </div></td><td class=\"c x1be yc70 w6c h4e\"><div class=\"t m0 xbd hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2.<span class=\"ls36\">648</span>.<span class=\"ls36\">500</span> </div></td><td class=\"c x1bf yc70 w6d h4e\"><div class=\"t m0 x87 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.090.564 </div></td></tr><tr><td class=\"c x1bd yc71 w6b h4e\"><div class=\"t m0 x1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale<span class=\"ff3\"> </span></div></td><td class=\"c x1be yc71 w6c h4e\"><div class=\"t m0 x53 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">2.<span class=\"ls36\">648</span>.<span class=\"ls36\">500</span> </div></td><td class=\"c x1bf yc71 w6d h4e\"><div class=\"t m0 x87 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">1.090.564 </div></td></tr></table>L\u2019andamento<span class=\"ff3\"> <span class=\"_ _2a\"></span>dei <span class=\"_ _2a\"></span>ricavi<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>\u00e8 <span class=\"_ _2a\"></span>molto <span class=\"_ _2a\"></span>condizionato <span class=\"_ _27\"></span>dalla <span class=\"_ _2a\"></span>tempistica <span class=\"_ _2a\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>maturazione <span class=\"_ _2a\"></span>delle <span class=\"_ _2a\"></span><span class=\"ffb\">success <span class=\"_ _2a\"></span>fee</span> <span class=\"_ _2a\"></span>che </span>possono avere <span class=\"ls9\">una</span> distribuzione variabile sia nel<span class=\"_ _2\"></span> corso <span class=\"ff7\">dell\u2019esercizio</span> che <span class=\"ls3\">su</span> pi\u00f9 anni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-439": {
   "value": "(4) Informativa di settore TIP  \u00e8  un  gruppo  indust<span class=\"_ _1\"></span>riale  diversificato  ed  indipendente<span class=\"ls8\">.  </span><span class=\"ff7\">L\u2019attivit\u00e0  svolta  dal<span class=\"_ _1\"></span>  <span class=\"ffb\">management<span class=\"ff3\">  a</span> </span></span>supporto  dell\u2019attivit\u00e0, <span class=\"_ _12\"> </span>sia  a  livello <span class=\"_ _12\"> </span>di  contatti <span class=\"_ _19\"> </span>di  <span class=\"ffb\">ma<span class=\"_ _2\"></span>rketing<span class=\"ff3\">,  sia <span class=\"_ _19\"> </span>di  iniziative  anche  i<span class=\"_ _1\"></span>stituzionali </span></span>sull\u2019esterno <span class=\"_ _29\"></span>che <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>coinvolgimento <span class=\"_ _29\"></span>nei <span class=\"_ _29\"></span>diversi <span class=\"_ _29\"></span><span class=\"ffb\">deal<span class=\"_ _2\"></span><span class=\"ff3\">, <span class=\"_ _2\"></span>\u00e8 <span class=\"_ _29\"></span>molto <span class=\"_ _29\"></span>integrata. <span class=\"_ _29\"></span>Inoltre, <span class=\"_ _29\"></span>anche<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>relativamente </span></span>all\u2019attivit\u00e0 <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span><span class=\"ffb\">execution,<span class=\"_ _2\"></span><span class=\"ff3\"> <span class=\"_ _27\"></span></span></span>l\u2019attivit\u00e0 <span class=\"_ _27\"></span>\u00e8 <span class=\"_ _27\"></span>organizzata <span class=\"_ _27\"></span>con <span class=\"_ _27\"></span>l\u2019obiettivo <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>rendere <span class=\"_ _22\"> </span>pi\u00f9 <span class=\"_ _27\"></span>flessibile <span class=\"_ _27\"></span>l\u2019impiego <span class=\"_ _27\"></span>a \u201cchiamata\u201d dei collaboratori all\u2019occorrenza in attivit\u00e0 di <span class=\"ffb\">advisory<span class=\"ff3\"> ovvero di </span>equity<span class=\"ff3 ls8\">. <span class=\"ls0\"> </span></span></span>Risulta pertanto impossibile fornire una precisa rappresentazione economico finanziaria separata delle differenti aree di attivit\u00e0, in quanto la suddivisione del costo del lavoro p<span class=\"_ _1\"></span>otrebbe condurre ad<span class=\"_ _2\"></span> una distorsione dei livelli di redditivit\u00e0 dei segmenti di attivit\u00e0. Nel <span class=\"_ _25\"> </span>presente <span class=\"_ _25\"> </span>bilancio <span class=\"_ _25\"> </span>consolidato <span class=\"_ _25\"> </span>viene <span class=\"_ _19\"> </span>p<span class=\"_ _23\"></span>ertanto <span class=\"_ _25\"> </span>fornito <span class=\"_ _25\"> </span>solo<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span><span class=\"ls8\">il</span> <span class=\"_ _25\"> </span>dettaglio <span class=\"_ _25\"> </span><span class=\"ff7\">dell\u2019andamento</span> <span class=\"_ _25\"> </span>della componente <span class=\"_ _1\"></span><span class=\"ff7\">\u201cRicavi<span class=\"ff3\"> <span class=\"_ _1\"></span>delle <span class=\"_ _23\"></span>vendite e <span class=\"_ _23\"></span>delle <span class=\"ff7\">prestazioni<span class=\"_ _1\"></span>\u201d,<span class=\"ff3\"> <span class=\"_ _23\"></span>le<span class=\"_ _2\"></span>gata <span class=\"_ _1\"></span>alla <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ola <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>ttivit\u00e0 <span class=\"_ _23\"></span>di <span class=\"ffb\">adviso<span class=\"_ _1\"></span>ry, <span class=\"_ _23\"></span><span class=\"ff3\">escl<span class=\"_ _2\"></span>udendo </span></span></span></span></span></span>pertanto <span class=\"ls8\">la</span> voce <span class=\"ff7\">\u201cAltri</span> <span class=\"ff7\">ricavi\u201d.</span>  <table class=\"s w233 hf1\" id=\"_b2636021-2005-44cd-84bc-4aa0a6332cee\"><tr><td class=\"c x1bd yc6f w6b h4d\"><div class=\"t m0 x1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1be yc6f w6c h4d\"><div class=\"t m0 x82 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1bf yc6f w6d h4d\"><div class=\"t m0 x31 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x1bd yc70 w6b h4e\"><div class=\"t m0 x1 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Ricavi delle <span class=\"_ _2\"></span>vendite e delle prestazioni<span class=\"_ _2\"></span> </div></td><td class=\"c x1be yc70 w6c h4e\"><div class=\"t m0 xbd hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2.<span class=\"ls36\">648</span>.<span class=\"ls36\">500</span> </div></td><td class=\"c x1bf yc70 w6d h4e\"><div class=\"t m0 x87 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.090.564 </div></td></tr><tr><td class=\"c x1bd yc71 w6b h4e\"><div class=\"t m0 x1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale<span class=\"ff3\"> </span></div></td><td class=\"c x1be yc71 w6c h4e\"><div class=\"t m0 x53 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">2.<span class=\"ls36\">648</span>.<span class=\"ls36\">500</span> </div></td><td class=\"c x1bf yc71 w6d h4e\"><div class=\"t m0 x87 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">1.090.564 </div></td></tr></table>L\u2019andamento<span class=\"ff3\"> <span class=\"_ _2a\"></span>dei <span class=\"_ _2a\"></span>ricavi<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>\u00e8 <span class=\"_ _2a\"></span>molto <span class=\"_ _2a\"></span>condizionato <span class=\"_ _27\"></span>dalla <span class=\"_ _2a\"></span>tempistica <span class=\"_ _2a\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>maturazione <span class=\"_ _2a\"></span>delle <span class=\"_ _2a\"></span><span class=\"ffb\">success <span class=\"_ _2a\"></span>fee</span> <span class=\"_ _2a\"></span>che </span>possono avere <span class=\"ls9\">una</span> distribuzione variabile sia nel<span class=\"_ _2\"></span> corso <span class=\"ff7\">dell\u2019esercizio</span> che <span class=\"ls3\">su</span> pi\u00f9 anni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-440": {
   "value": "(5) Acquisti, prestazioni <span class=\"lsb\">di</span> servizi e costi diversi La voce comprende:<span class=\"fs20\"> </span><table class=\"s w234 hf2\" id=\"_e36d64cc-10de-4f20-aa06-c81ea1453812\"><tr><td class=\"c x189 yc72 w6e h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro<span class=\"ff3\"> </span></div></td><td class=\"c x1c0 yc72 w6f h4d\"><div class=\"t m0 x82 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1c1 yc72 w70 h4d\"><div class=\"t m0 x82 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x187 yc73 w235 he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls36 ws0\">1.<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1c2 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">Servizi<span class=\"_ _5d\"> </span></div></td><td class=\"c x1c0 yc74 w6f h4e\"><div class=\"t m0 xbd hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">2.<span class=\"ls0\">194.</span>659<span class=\"ls0\"> </span></div></td><td class=\"c x1c1 yc74 w70 h4e\"><div class=\"t m0 xbd hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">2.238<span class=\"ls0\">.</span>968<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 yc75 w236 he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls36 ws0\">2.<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1c2 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">Altri oneri<span class=\"_ _5d\"> </span></div></td><td class=\"c x1c0 yc76 w6f h4d\"><div class=\"t m0 x54 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">7<span class=\"ls36\">64</span>.<span class=\"ls36\">018</span> </div></td><td class=\"c x1c1 yc76 w70 h4d\"><div class=\"t m0 x54 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">766<span class=\"ls0\">.</span>878<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 yc77 w6e h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1c0 yc77 w6f h4d\"><div class=\"t m0 xbd h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">2.958.<span class=\"ls36\">677</span> </div></td><td class=\"c x1c1 yc77 w70 h4d\"><div class=\"t m0 xbd h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">3.005.<span class=\"ls36\">846</span> </div></td></tr></table>I <span class=\"_ _22\"> </span>cos<span class=\"_ _2\"></span>ti <span class=\"_ _22\"> </span>per <span class=\"_ _25\"> </span>servizi <span class=\"_ _25\"> </span><span class=\"ls3\">si</span> <span class=\"_ _22\"> </span>riferiscono <span class=\"_ _25\"> </span>principalmente <span class=\"_ _25\"> </span>a <span class=\"_ _22\"> </span>spese<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>ge<span class=\"_ _2\"></span>nerali <span class=\"_ _22\"> </span>e <span class=\"_ _25\"> </span>commerciali <span class=\"_ _22\"> </span>e <span class=\"_ _25\"> </span>a <span class=\"_ _25\"> </span>consulenze professionali e <span class=\"_ _23\"></span>legali. <span class=\"_ _23\"></span>Comprendono <span class=\"_ _1\"></span><span class=\"ls8\">114<span class=\"ls0\">.</span>816<span class=\"ls0\"> <span class=\"_ _23\"></span>euro per <span class=\"_ _23\"></span>corrispettivi <span class=\"_ _1\"></span>alla soc<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _23\"></span>di revisione <span class=\"_ _23\"></span>e 95.5<span class=\"ls8\">38<span class=\"_ _23\"></span><span class=\"ls0\"> </span></span></span></span>euro per compensi <span class=\"ls1a\">ai</span> componenti <span class=\"ls8\">il</span> Collegio Sindacale e <span class=\"ff7\">all\u2019Organ</span>ismo di Vigilanza<span class=\"_ _2\"></span>.  Gli <span class=\"_ _29\"></span>altri <span class=\"_ _29\"></span>oneri <span class=\"_ _29\"></span>comprendono<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>principalmente <span class=\"_ _29\"></span>I.V.A<span class=\"_ _2\"></span>. <span class=\"_ _2\"></span>inde<span class=\"_ _2\"></span>traibile, <span class=\"_ _29\"></span>ritenute <span class=\"_ _29\"></span>indeducibili <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span>imposte <span class=\"_ _29\"></span>di bollo. (6) Costi del personale  La voce comprende: <table class=\"s w237 hf3\" id=\"_aa05ce7c-ccaf-4afc-a652-78111d67db02\"><tr><td class=\"c x189 yc78 w73 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1c3 yc78 w74 h4d\"><div class=\"t m0 x82 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1c4 yc78 w75 h4d\"><div class=\"t m0 xa6 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yc79 w76 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Salari e stipendi </div></td><td class=\"c x1c5 yc79 w77 h4d\"><div class=\"t m0 x8a hf y291 ff3 fs0 fc0 sc0 ls0 ws0\"> <span class=\"ls36\"></span><span class=\"ls36\">3.</span>7<span class=\"ls36\">84</span>.<span class=\"ls36\">692</span><span class=\"ls36\"><span class=\"ls4\">   </span></span> </div></td><td class=\"c x1c4 yc79 w75 h4d\"><div class=\"t m0 xc1 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">3.104<span class=\"ls0\">.</span>695<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 yc7a w76 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Oneri sociali </div></td><td class=\"c x1c5 yc7a w77 h4d\"><div class=\"t m0 x82 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\"> 6<span class=\"ls36\">31</span>.541<span class=\"ls4\">   </span> </div></td><td class=\"c x1c4 yc7a w75 h4d\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">504<span class=\"ls0\">.</span>723<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 yc7b w76 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Compensi agli ammi<span class=\"_ _2\"></span>nistratori </div></td><td class=\"c x1c5 yc7b w77 h4e\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\"> <span class=\"ls36\"></span><span class=\"ls36\">23.456</span>.<span class=\"ls36\">965</span><span class=\"ls36\"><span class=\"ls4\">   </span></span> </div></td><td class=\"c x1c4 yc7b w75 h4e\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">17.<span class=\"ls36\">320</span>.<span class=\"ls36\">873</span> </div></td></tr><tr><td class=\"c x189 yc7c w76 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Accantonamento a trattament<span class=\"_ _2\"></span>o di fine ra<span class=\"_ _2\"></span>pporto di lavoro subord<span class=\"_ _2\"></span>inato <span class=\"_ _2\"></span> </div></td><td class=\"c x1c5 yc7c w77 h4d\"><div class=\"t m0 x2c hf y291 ff3 fs0 fc0 sc0 ls0 ws0\"> 80.<span class=\"ls36\">785</span><span class=\"ls36\"><span class=\"ls4\">   </span></span> </div></td><td class=\"c x1c4 yc7c w75 h4d\"><div class=\"t m0 x90 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">77.355 </div></td></tr><tr><td class=\"c x189 yc7d w76 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1c5 yc7d w77 h4d\"><div class=\"t m0 x73 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">27.<span class=\"ls36\">953</span>.<span class=\"ls36\">983</span> </div></td><td class=\"c x1c4 yc7d w75 h4d\"><div class=\"t m0 xaf h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">21.<span class=\"ls36\">007</span>.<span class=\"ls36\">646</span> </div></td></tr></table>Il<span class=\"ls0\"> <span class=\"_ _29\"></span>costo <span class=\"_ _29\"></span>del <span class=\"_ _29\"></span>pers<span class=\"_ _2\"></span>onale <span class=\"_ _29\"></span>nelle <span class=\"_ _29\"></span>voci <span class=\"_ _29\"></span><span class=\"ff7\">\u201cSalari</span> <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span><span class=\"ff7\">stipendi\u201d</span> <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span><span class=\"ff7\">\u201cCompensi</span> <span class=\"_ _29\"></span>agli <span class=\"_ _29\"></span><span class=\"ff7\">amministratori\u201d</span> <span class=\"_ _29\"></span>comprende </span>8.<span class=\"ls8\">107</span>.<span class=\"ls8\">803</span> <span class=\"_ _25\"> </span>euro <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>oneri <span class=\"_ _25\"> </span>maturati <span class=\"_ _25\"> </span>pro <span class=\"_ _19\"> </span>rata <span class=\"_ _25\"> </span>temporis <span class=\"_ _25\"> </span><span class=\"ls8\">in</span> <span class=\"_ _19\"> </span>relazione <span class=\"_ _25\"> </span><span class=\"ff7\">all\u2019assegnazione,</span> <span class=\"_ _25\"> </span>avvenuta <span class=\"_ _19\"> </span>nel<span class=\"_ _1\"></span> secondo trimestre del 2022, <span class=\"_ _23\"></span>di n. <span class=\"ls8\">2.000.000</span> Unit di <span class=\"_ _23\"></span>c<span class=\"_ _2\"></span>ui <span class=\"lsa\">al</span> <span class=\"ff7\">\u201cPiano</span> di <span class=\"_ _23\"></span>perfo<span class=\"_ _2\"></span>rmance Share TIP <span class=\"ls8\">2022</span> <span class=\"_ _23\"></span><span class=\"ff7\">\u2013<span class=\"_ _2\"></span><span class=\"ff3\"> </span></span>2023\u201d,<span class=\"ff3\"> <span class=\"_ _27\"></span></span>all\u2019assegnazione,<span class=\"ff3\"> <span class=\"_ _27\"></span>avvenuta <span class=\"_ _27\"></span>nel <span class=\"_ _27\"></span>secondo <span class=\"_ _27\"></span>trimestre <span class=\"_ _2a\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span><span class=\"ls8\">2023,</span> <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>n. <span class=\"_ _27\"></span>2.000.000 <span class=\"_ _27\"></span>Unit <span class=\"_ _27\"></span>di <span class=\"_ _2a\"></span>cui<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span><span class=\"lsa\">al</span> </span>\u201cPiano<span class=\"ff3\"> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>performance Share <span class=\"_ _2\"></span>TIP <span class=\"_ _2\"></span>2023 </span>\u2013<span class=\"ff3\"> <span class=\"_ _2\"></span></span><span class=\"ls8\">2025\u201d</span><span class=\"ff3\">, </span>all\u2019assegnazione,<span class=\"ff3\"> <span class=\"_ _2\"></span>avvenuta <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>terzo <span class=\"_ _2\"></span>trimestre del </span>2024,<span class=\"ls0\"> <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>n. <span class=\"_ _27\"></span></span>2.000.000<span class=\"ls0\"> <span class=\"_ _22\"> </span>Unit <span class=\"_ _22\"> </span>di <span class=\"_ _27\"></span>cui <span class=\"_ _22\"> </span><span class=\"lsa\">al</span> <span class=\"_ _27\"></span><span class=\"ff7\">\u201cPiano</span> <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>performance <span class=\"_ _22\"> </span>Share <span class=\"_ _27\"></span>T<span class=\"_ _2\"></span>IP <span class=\"_ _27\"></span></span>2024<span class=\"ls0\"> <span class=\"_ _22\"> </span><span class=\"ff7\">\u2013</span> <span class=\"_ _27\"></span></span><span class=\"ff7\">2026\u201d</span><span class=\"ls0\"> <span class=\"_ _22\"> </span><span class=\"lse\">ed</span> <span class=\"_ _27\"></span>infine </span>all\u2019assegnazione,<span class=\"ff3\"> <span class=\"_ _27\"></span>avvenuta <span class=\"_ _27\"></span>nel <span class=\"_ _27\"></span>terzo <span class=\"_ _27\"></span>trimestre <span class=\"_ _27\"></span>del <span class=\"_ _27\"></span>2025, <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span><span class=\"lsf\">n.<span class=\"_ _2\"></span></span> <span class=\"_ _27\"></span>1.500.000 <span class=\"_ _27\"></span>Unit <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>cui <span class=\"_ _27\"></span><span class=\"lsa\">al</span> <span class=\"_ _27\"></span></span>\u201cPiano<span class=\"ff3\"> <span class=\"_ _27\"></span>di </span>performance <span class=\"_ _27\"></span>Share <span class=\"_ _27\"></span>TIP <span class=\"_ _27\"></span><span class=\"ls8\">202</span>5 <span class=\"_ _22\"> </span><span class=\"ff7\">\u2013</span> <span class=\"_ _27\"></span><span class=\"ls8\">202</span>7<span class=\"ff7 ls4b\">\u201d.</span> <span class=\"_ _27\"></span>Coerentemente <span class=\"_ _27\"></span>con <span class=\"_ _22\"></span>quanto <span class=\"_ _27\"></span>previsto <span class=\"_ _27\"></span><span class=\"ff7\">dall\u2019IFRS2,</span> <span class=\"_ _27\"></span><span class=\"ls8\">le</span> <span class=\"_ _27\"></span>Uni<span class=\"_ _2\"></span>t attribuite sono state valutate secondo <span class=\"lsd\">la<span class=\"_ _2\"></span></span> modalit\u00e0 <span class=\"ff7\">dell\u2019<span class=\"ffb\">equity settlement</span></span>.  Il<span class=\"ls0\"> costo <span class=\"_ _23\"></span>del personale <span class=\"ls19\">\u00e8,</span> <span class=\"_ _23\"></span>come sempre, <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ensibilmente <span class=\"_ _1\"></span>influenzato dalle <span class=\"_ _23\"></span>remunerazioni variabili degl<span class=\"_ _1\"></span>i </span>amministratori <span class=\"_ _22\"> </span>esecutivi <span class=\"_ _22\"> </span>che, <span class=\"_ _25\"> </span>come <span class=\"_ _22\"> </span>logico, <span class=\"_ _22\"> </span>sono <span class=\"_ _25\"> </span>parametrate <span class=\"_ _22\"> </span><span class=\"lsa\">ai</span> <span class=\"_ _22\"> </span>risultati. <span class=\"_ _22\"> </span>A <span class=\"_ _25\"> </span>partire <span class=\"_ _22\"> </span>dal <span class=\"_ _22\"> </span><span class=\"ls8\">2025,</span> <span class=\"_ _22\"> </span><span class=\"ls3\">su</span> specifica <span class=\"_ _23\"></span>richiesta <span class=\"_ _23\"></span>degli <span class=\"_ _23\"></span>stessi <span class=\"_ _23\"></span>amministratori <span class=\"_ _24\"></span>es<span class=\"_ _2\"></span>ecutivi, <span class=\"_ _23\"></span>approvata <span class=\"_ _23\"></span>dal <span class=\"_ _23\"></span>Consiglio <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>Amministrazione, \u00e8 <span class=\"_ _2\"></span>previsto <span class=\"_ _2\"></span><span class=\"ls9\">un</span> <span class=\"_ _2\"></span>meccanismo di <span class=\"_ _2\"></span>correlazi<span class=\"_ _2\"></span>one <span class=\"_ _2\"></span>tra i<span class=\"_ _2\"></span> compe<span class=\"_ _2\"></span>nsi <span class=\"_ _2\"></span>variabili <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span><span class=\"ls8\">la</span> <span class=\"_ _2\"></span>performance <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>titolo <span class=\"_ _2\"></span>TIP. E\u2019<span class=\"ff3 ls0\"> <span class=\"_ _23\"></span>stata <span class=\"_ _23\"></span>infatti <span class=\"_ _1\"></span>introdotta <span class=\"_ _23\"></span><span class=\"ls9\">una<span class=\"ls0\"> <span class=\"_ _23\"></span>potenziale<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>riduzione <span class=\"_ _23\"></span>rispetto <span class=\"_ _23\"></span>a <span class=\"_ _23\"></span>qua<span class=\"_ _2\"></span>nto <span class=\"_ _23\"></span>deliberato <span class=\"_ _23\"></span>da<span class=\"_ _2\"></span>gli <span class=\"_ _23\"></span>organi <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ocietari </span></span></span>deputati, <span class=\"ls8\">in</span> quanto \u00e8 stato stabilito che i<span class=\"_ _2\"></span> compensi variabili possano essere ridotti del <span class=\"ls8\">20%</span> qualora il<span class=\"ls0\"> tit<span class=\"_ _1\"></span>olo TIP<span class=\"_ _1\"></span>, nel <span class=\"_ _23\"></span>periodo di <span class=\"_ _23\"></span>riferimento (in <span class=\"_ _1\"></span>questo caso <span class=\"_ _23\"></span>1 gennaio <span class=\"ff7\">\u2013</span> <span class=\"_ _23\"></span><span class=\"ls8\">31<span class=\"ls0\"> dicembr<span class=\"_ _23\"></span>e<span class=\"_ _2\"></span> 2025), <span class=\"_ _23\"></span>abbia avuto </span></span></span>una<span class=\"ls0\"> <span class=\"_ _28\"></span>performance <span class=\"_ _28\"></span>negativa <span class=\"_ _28\"></span>e <span class=\"_ _28\"></span>ridotti <span class=\"_ _28\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _28\"></span><span class=\"ls8\">10%</span> <span class=\"_ _28\"></span>nel <span class=\"_ _28\"></span>caso <span class=\"_ _28\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>cui<span class=\"_ _2\"></span> <span class=\"_ _28\"></span><span class=\"ls8\">il</span> <span class=\"_ _28\"></span>titolo <span class=\"_ _28\"></span>TIP <span class=\"_ _28\"></span>abbia <span class=\"_ _2a\"></span>avuto, <span class=\"_ _28\"></span>sempre <span class=\"_ _28\"></span>nel </span>periodo <span class=\"_ _48\"> </span>di <span class=\"_ _48\"> </span>riferimento, <span class=\"_ _48\"> </span><span class=\"ls9\">una</span> <span class=\"_ _48\"> </span>performance <span class=\"_ _48\"> </span>inferiore <span class=\"_ _26\"> </span><span class=\"lsa\">al</span> <span class=\"_ _48\"> </span>10%, <span class=\"_ _48\"> </span><span class=\"ls8\">il</span> <span class=\"_ _48\"> </span>tutto <span class=\"_ _48\"> </span>tenendo <span class=\"_ _26\"> </span>ovviamente<span class=\"_ _2\"></span> <span class=\"_ _48\"> </span><span class=\"ls8\">in</span> considerazione i dividendi distribuiti. Per <span class=\"ls8\">il</span> <span class=\"ls8\">2025</span> tale meccanismo non ha comportato riduzioni. L\u2019<span class=\"ff3 ls0\"> <span class=\"_ _28\"></span><span class=\"ff7\">\u201cA<span class=\"_ _2\"></span>ccantonamento</span> <span class=\"_ _28\"></span>a <span class=\"_ _2a\"></span>trattamento <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>fine <span class=\"_ _2a\"></span>rapporto <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>lavoro <span class=\"_ _2a\"></span><span class=\"ff7\">subordinato\u201d</span> <span class=\"_ _28\"></span>\u00e8 <span class=\"_ _2a\"></span>aggiornato <span class=\"_ _28\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>base </span>alla <span class=\"_ _27\"></span>valutazione <span class=\"_ _2a\"></span>attuariale; <span class=\"_ _2a\"></span><span class=\"ff7\">l\u2019utile</span> <span class=\"_ _27\"></span>o <span class=\"_ _2a\"></span><span class=\"ls8\">la</span> <span class=\"_ _27\"></span>perdita <span class=\"_ _2a\"></span>attuariali <span class=\"_ _27\"></span>sono <span class=\"_ _2a\"></span>rilevate <span class=\"_ _27\"></span><span class=\"ls8\">in</span> <span class=\"_ _2a\"></span><span class=\"ls9\">una</span> <span class=\"_ _27\"></span>posta <span class=\"_ _2a\"></span>del <span class=\"_ _2a\"></span>pa<span class=\"_ _2\"></span>trimonio netto. Al<span class=\"ls0\"> <span class=\"ls8\">31</span> dicembre 2025 <span class=\"ls8\">il</span> numero di dipendenti di TIP \u00e8 <span class=\"ls8\">il</span> seguente:</span><table class=\"s w238 hf4\" id=\"_a4ed9526-973c-438d-9936-768db8595449\"><tr><td></td><td class=\"c x1c6 yc7e w7a h4d\"><div class=\"t m0 x8a h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1c7 yc7e w7b h4d\"><div class=\"t m0 x38 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yc7f w79 h72\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Impiegati e apprendisti<span class=\"_ _2\"></span> </div></td><td class=\"c x1c6 yc7f w7a h72\"><div class=\"t m0 xc4 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">6 </div></td><td class=\"c x1c7 yc7f w7b h72\"><div class=\"t m0 x51 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x189 yc80 w79 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quadri </div></td><td class=\"c x1c6 yc80 w7a h4d\"><div class=\"t m0 xc4 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2 </div></td><td class=\"c x1c7 yc80 w7b h4d\"><div class=\"t m0 x51 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x189 yc81 w79 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Dirigenti </div></td><td class=\"c x1c6 yc81 w7a h4d\"><div class=\"t m0 xc4 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">5 </div></td><td class=\"c x1c7 yc81 w7b h4d\"><div class=\"t m0 x51 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x189 yc82 w79 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1c6 yc82 w7a h4d\"><div class=\"t m0 x45 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">13 </div></td><td class=\"c x1c7 yc82 w7b h4d\"><div class=\"t m0 xc5 h9 y291 ff2 fs0 fc0 sc0 ls34 ws0\">14<span class=\"ls0\"> </span></div></td></tr></table>Si <span class=\"_ _48\"> </span>s<span class=\"_ _2\"></span>egnala <span class=\"_ _8\"> </span>che <span class=\"_ _48\"> </span>il <span class=\"_ _8\"> </span>Presidente/Amministratore <span class=\"_ _8\"> </span>Delegato <span class=\"_ _48\"> </span>e <span class=\"_ _8\"> </span>il <span class=\"_ _8\"> </span>Vice <span class=\"_ _8\"> </span>Presidente/Amministratore Delegato non sono dipendenti n\u00e9 di TIP n\u00e9 di altre societ\u00e0 del gruppo. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-471": {
   "value": "(6) Costi del personale  La voce comprende: <table class=\"s w237 hf3\" id=\"_aa05ce7c-ccaf-4afc-a652-78111d67db02\"><tr><td class=\"c x189 yc78 w73 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1c3 yc78 w74 h4d\"><div class=\"t m0 x82 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1c4 yc78 w75 h4d\"><div class=\"t m0 xa6 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yc79 w76 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Salari e stipendi </div></td><td class=\"c x1c5 yc79 w77 h4d\"><div class=\"t m0 x8a hf y291 ff3 fs0 fc0 sc0 ls0 ws0\"> <span class=\"ls36\"></span><span class=\"ls36\">3.</span>7<span class=\"ls36\">84</span>.<span class=\"ls36\">692</span><span class=\"ls36\"><span class=\"ls4\">   </span></span> </div></td><td class=\"c x1c4 yc79 w75 h4d\"><div class=\"t m0 xc1 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">3.104<span class=\"ls0\">.</span>695<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 yc7a w76 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Oneri sociali </div></td><td class=\"c x1c5 yc7a w77 h4d\"><div class=\"t m0 x82 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\"> 6<span class=\"ls36\">31</span>.541<span class=\"ls4\">   </span> </div></td><td class=\"c x1c4 yc7a w75 h4d\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">504<span class=\"ls0\">.</span>723<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 yc7b w76 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Compensi agli ammi<span class=\"_ _2\"></span>nistratori </div></td><td class=\"c x1c5 yc7b w77 h4e\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\"> <span class=\"ls36\"></span><span class=\"ls36\">23.456</span>.<span class=\"ls36\">965</span><span class=\"ls36\"><span class=\"ls4\">   </span></span> </div></td><td class=\"c x1c4 yc7b w75 h4e\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">17.<span class=\"ls36\">320</span>.<span class=\"ls36\">873</span> </div></td></tr><tr><td class=\"c x189 yc7c w76 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Accantonamento a trattament<span class=\"_ _2\"></span>o di fine ra<span class=\"_ _2\"></span>pporto di lavoro subord<span class=\"_ _2\"></span>inato <span class=\"_ _2\"></span> </div></td><td class=\"c x1c5 yc7c w77 h4d\"><div class=\"t m0 x2c hf y291 ff3 fs0 fc0 sc0 ls0 ws0\"> 80.<span class=\"ls36\">785</span><span class=\"ls36\"><span class=\"ls4\">   </span></span> </div></td><td class=\"c x1c4 yc7c w75 h4d\"><div class=\"t m0 x90 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">77.355 </div></td></tr><tr><td class=\"c x189 yc7d w76 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1c5 yc7d w77 h4d\"><div class=\"t m0 x73 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">27.<span class=\"ls36\">953</span>.<span class=\"ls36\">983</span> </div></td><td class=\"c x1c4 yc7d w75 h4d\"><div class=\"t m0 xaf h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">21.<span class=\"ls36\">007</span>.<span class=\"ls36\">646</span> </div></td></tr></table>Il<span class=\"ls0\"> <span class=\"_ _29\"></span>costo <span class=\"_ _29\"></span>del <span class=\"_ _29\"></span>pers<span class=\"_ _2\"></span>onale <span class=\"_ _29\"></span>nelle <span class=\"_ _29\"></span>voci <span class=\"_ _29\"></span><span class=\"ff7\">\u201cSalari</span> <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span><span class=\"ff7\">stipendi\u201d</span> <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span><span class=\"ff7\">\u201cCompensi</span> <span class=\"_ _29\"></span>agli <span class=\"_ _29\"></span><span class=\"ff7\">amministratori\u201d</span> <span class=\"_ _29\"></span>comprende </span>8.<span class=\"ls8\">107</span>.<span class=\"ls8\">803</span> <span class=\"_ _25\"> </span>euro <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>oneri <span class=\"_ _25\"> </span>maturati <span class=\"_ _25\"> </span>pro <span class=\"_ _19\"> </span>rata <span class=\"_ _25\"> </span>temporis <span class=\"_ _25\"> </span><span class=\"ls8\">in</span> <span class=\"_ _19\"> </span>relazione <span class=\"_ _25\"> </span><span class=\"ff7\">all\u2019assegnazione,</span> <span class=\"_ _25\"> </span>avvenuta <span class=\"_ _19\"> </span>nel<span class=\"_ _1\"></span> secondo trimestre del 2022, <span class=\"_ _23\"></span>di n. <span class=\"ls8\">2.000.000</span> Unit di <span class=\"_ _23\"></span>c<span class=\"_ _2\"></span>ui <span class=\"lsa\">al</span> <span class=\"ff7\">\u201cPiano</span> di <span class=\"_ _23\"></span>perfo<span class=\"_ _2\"></span>rmance Share TIP <span class=\"ls8\">2022</span> <span class=\"_ _23\"></span><span class=\"ff7\">\u2013<span class=\"_ _2\"></span><span class=\"ff3\"> </span></span>2023\u201d,<span class=\"ff3\"> <span class=\"_ _27\"></span></span>all\u2019assegnazione,<span class=\"ff3\"> <span class=\"_ _27\"></span>avvenuta <span class=\"_ _27\"></span>nel <span class=\"_ _27\"></span>secondo <span class=\"_ _27\"></span>trimestre <span class=\"_ _2a\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span><span class=\"ls8\">2023,</span> <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>n. <span class=\"_ _27\"></span>2.000.000 <span class=\"_ _27\"></span>Unit <span class=\"_ _27\"></span>di <span class=\"_ _2a\"></span>cui<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span><span class=\"lsa\">al</span> </span>\u201cPiano<span class=\"ff3\"> <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>performance Share <span class=\"_ _2\"></span>TIP <span class=\"_ _2\"></span>2023 </span>\u2013<span class=\"ff3\"> <span class=\"_ _2\"></span></span><span class=\"ls8\">2025\u201d</span><span class=\"ff3\">, </span>all\u2019assegnazione,<span class=\"ff3\"> <span class=\"_ _2\"></span>avvenuta <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span>terzo <span class=\"_ _2\"></span>trimestre del </span>2024,<span class=\"ls0\"> <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>n. <span class=\"_ _27\"></span></span>2.000.000<span class=\"ls0\"> <span class=\"_ _22\"> </span>Unit <span class=\"_ _22\"> </span>di <span class=\"_ _27\"></span>cui <span class=\"_ _22\"> </span><span class=\"lsa\">al</span> <span class=\"_ _27\"></span><span class=\"ff7\">\u201cPiano</span> <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>performance <span class=\"_ _22\"> </span>Share <span class=\"_ _27\"></span>T<span class=\"_ _2\"></span>IP <span class=\"_ _27\"></span></span>2024<span class=\"ls0\"> <span class=\"_ _22\"> </span><span class=\"ff7\">\u2013</span> <span class=\"_ _27\"></span></span><span class=\"ff7\">2026\u201d</span><span class=\"ls0\"> <span class=\"_ _22\"> </span><span class=\"lse\">ed</span> <span class=\"_ _27\"></span>infine </span>all\u2019assegnazione,<span class=\"ff3\"> <span class=\"_ _27\"></span>avvenuta <span class=\"_ _27\"></span>nel <span class=\"_ _27\"></span>terzo <span class=\"_ _27\"></span>trimestre <span class=\"_ _27\"></span>del <span class=\"_ _27\"></span>2025, <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span><span class=\"lsf\">n.<span class=\"_ _2\"></span></span> <span class=\"_ _27\"></span>1.500.000 <span class=\"_ _27\"></span>Unit <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>cui <span class=\"_ _27\"></span><span class=\"lsa\">al</span> <span class=\"_ _27\"></span></span>\u201cPiano<span class=\"ff3\"> <span class=\"_ _27\"></span>di </span>performance <span class=\"_ _27\"></span>Share <span class=\"_ _27\"></span>TIP <span class=\"_ _27\"></span><span class=\"ls8\">202</span>5 <span class=\"_ _22\"> </span><span class=\"ff7\">\u2013</span> <span class=\"_ _27\"></span><span class=\"ls8\">202</span>7<span class=\"ff7 ls4b\">\u201d.</span> <span class=\"_ _27\"></span>Coerentemente <span class=\"_ _27\"></span>con <span class=\"_ _22\"></span>quanto <span class=\"_ _27\"></span>previsto <span class=\"_ _27\"></span><span class=\"ff7\">dall\u2019IFRS2,</span> <span class=\"_ _27\"></span><span class=\"ls8\">le</span> <span class=\"_ _27\"></span>Uni<span class=\"_ _2\"></span>t attribuite sono state valutate secondo <span class=\"lsd\">la<span class=\"_ _2\"></span></span> modalit\u00e0 <span class=\"ff7\">dell\u2019<span class=\"ffb\">equity settlement</span></span>.  Il<span class=\"ls0\"> costo <span class=\"_ _23\"></span>del personale <span class=\"ls19\">\u00e8,</span> <span class=\"_ _23\"></span>come sempre, <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ensibilmente <span class=\"_ _1\"></span>influenzato dalle <span class=\"_ _23\"></span>remunerazioni variabili degl<span class=\"_ _1\"></span>i </span>amministratori <span class=\"_ _22\"> </span>esecutivi <span class=\"_ _22\"> </span>che, <span class=\"_ _25\"> </span>come <span class=\"_ _22\"> </span>logico, <span class=\"_ _22\"> </span>sono <span class=\"_ _25\"> </span>parametrate <span class=\"_ _22\"> </span><span class=\"lsa\">ai</span> <span class=\"_ _22\"> </span>risultati. <span class=\"_ _22\"> </span>A <span class=\"_ _25\"> </span>partire <span class=\"_ _22\"> </span>dal <span class=\"_ _22\"> </span><span class=\"ls8\">2025,</span> <span class=\"_ _22\"> </span><span class=\"ls3\">su</span> specifica <span class=\"_ _23\"></span>richiesta <span class=\"_ _23\"></span>degli <span class=\"_ _23\"></span>stessi <span class=\"_ _23\"></span>amministratori <span class=\"_ _24\"></span>es<span class=\"_ _2\"></span>ecutivi, <span class=\"_ _23\"></span>approvata <span class=\"_ _23\"></span>dal <span class=\"_ _23\"></span>Consiglio <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>Amministrazione, \u00e8 <span class=\"_ _2\"></span>previsto <span class=\"_ _2\"></span><span class=\"ls9\">un</span> <span class=\"_ _2\"></span>meccanismo di <span class=\"_ _2\"></span>correlazi<span class=\"_ _2\"></span>one <span class=\"_ _2\"></span>tra i<span class=\"_ _2\"></span> compe<span class=\"_ _2\"></span>nsi <span class=\"_ _2\"></span>variabili <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span><span class=\"ls8\">la</span> <span class=\"_ _2\"></span>performance <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>titolo <span class=\"_ _2\"></span>TIP. E\u2019<span class=\"ff3 ls0\"> <span class=\"_ _23\"></span>stata <span class=\"_ _23\"></span>infatti <span class=\"_ _1\"></span>introdotta <span class=\"_ _23\"></span><span class=\"ls9\">una<span class=\"ls0\"> <span class=\"_ _23\"></span>potenziale<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>riduzione <span class=\"_ _23\"></span>rispetto <span class=\"_ _23\"></span>a <span class=\"_ _23\"></span>qua<span class=\"_ _2\"></span>nto <span class=\"_ _23\"></span>deliberato <span class=\"_ _23\"></span>da<span class=\"_ _2\"></span>gli <span class=\"_ _23\"></span>organi <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ocietari </span></span></span>deputati, <span class=\"ls8\">in</span> quanto \u00e8 stato stabilito che i<span class=\"_ _2\"></span> compensi variabili possano essere ridotti del <span class=\"ls8\">20%</span> qualora il<span class=\"ls0\"> tit<span class=\"_ _1\"></span>olo TIP<span class=\"_ _1\"></span>, nel <span class=\"_ _23\"></span>periodo di <span class=\"_ _23\"></span>riferimento (in <span class=\"_ _1\"></span>questo caso <span class=\"_ _23\"></span>1 gennaio <span class=\"ff7\">\u2013</span> <span class=\"_ _23\"></span><span class=\"ls8\">31<span class=\"ls0\"> dicembr<span class=\"_ _23\"></span>e<span class=\"_ _2\"></span> 2025), <span class=\"_ _23\"></span>abbia avuto </span></span></span>una<span class=\"ls0\"> <span class=\"_ _28\"></span>performance <span class=\"_ _28\"></span>negativa <span class=\"_ _28\"></span>e <span class=\"_ _28\"></span>ridotti <span class=\"_ _28\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _28\"></span><span class=\"ls8\">10%</span> <span class=\"_ _28\"></span>nel <span class=\"_ _28\"></span>caso <span class=\"_ _28\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>cui<span class=\"_ _2\"></span> <span class=\"_ _28\"></span><span class=\"ls8\">il</span> <span class=\"_ _28\"></span>titolo <span class=\"_ _28\"></span>TIP <span class=\"_ _28\"></span>abbia <span class=\"_ _2a\"></span>avuto, <span class=\"_ _28\"></span>sempre <span class=\"_ _28\"></span>nel </span>periodo <span class=\"_ _48\"> </span>di <span class=\"_ _48\"> </span>riferimento, <span class=\"_ _48\"> </span><span class=\"ls9\">una</span> <span class=\"_ _48\"> </span>performance <span class=\"_ _48\"> </span>inferiore <span class=\"_ _26\"> </span><span class=\"lsa\">al</span> <span class=\"_ _48\"> </span>10%, <span class=\"_ _48\"> </span><span class=\"ls8\">il</span> <span class=\"_ _48\"> </span>tutto <span class=\"_ _48\"> </span>tenendo <span class=\"_ _26\"> </span>ovviamente<span class=\"_ _2\"></span> <span class=\"_ _48\"> </span><span class=\"ls8\">in</span> considerazione i dividendi distribuiti. Per <span class=\"ls8\">il</span> <span class=\"ls8\">2025</span> tale meccanismo non ha comportato riduzioni. L\u2019<span class=\"ff3 ls0\"> <span class=\"_ _28\"></span><span class=\"ff7\">\u201cA<span class=\"_ _2\"></span>ccantonamento</span> <span class=\"_ _28\"></span>a <span class=\"_ _2a\"></span>trattamento <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>fine <span class=\"_ _2a\"></span>rapporto <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>lavoro <span class=\"_ _2a\"></span><span class=\"ff7\">subordinato\u201d</span> <span class=\"_ _28\"></span>\u00e8 <span class=\"_ _2a\"></span>aggiornato <span class=\"_ _28\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>base </span>alla <span class=\"_ _27\"></span>valutazione <span class=\"_ _2a\"></span>attuariale; <span class=\"_ _2a\"></span><span class=\"ff7\">l\u2019utile</span> <span class=\"_ _27\"></span>o <span class=\"_ _2a\"></span><span class=\"ls8\">la</span> <span class=\"_ _27\"></span>perdita <span class=\"_ _2a\"></span>attuariali <span class=\"_ _27\"></span>sono <span class=\"_ _2a\"></span>rilevate <span class=\"_ _27\"></span><span class=\"ls8\">in</span> <span class=\"_ _2a\"></span><span class=\"ls9\">una</span> <span class=\"_ _27\"></span>posta <span class=\"_ _2a\"></span>del <span class=\"_ _2a\"></span>pa<span class=\"_ _2\"></span>trimonio netto. Al<span class=\"ls0\"> <span class=\"ls8\">31</span> dicembre 2025 <span class=\"ls8\">il</span> numero di dipendenti di TIP \u00e8 <span class=\"ls8\">il</span> seguente:</span><table class=\"s w238 hf4\" id=\"_a4ed9526-973c-438d-9936-768db8595449\"><tr><td></td><td class=\"c x1c6 yc7e w7a h4d\"><div class=\"t m0 x8a h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1c7 yc7e w7b h4d\"><div class=\"t m0 x38 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yc7f w79 h72\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Impiegati e apprendisti<span class=\"_ _2\"></span> </div></td><td class=\"c x1c6 yc7f w7a h72\"><div class=\"t m0 xc4 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">6 </div></td><td class=\"c x1c7 yc7f w7b h72\"><div class=\"t m0 x51 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x189 yc80 w79 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quadri </div></td><td class=\"c x1c6 yc80 w7a h4d\"><div class=\"t m0 xc4 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2 </div></td><td class=\"c x1c7 yc80 w7b h4d\"><div class=\"t m0 x51 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x189 yc81 w79 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Dirigenti </div></td><td class=\"c x1c6 yc81 w7a h4d\"><div class=\"t m0 xc4 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">5 </div></td><td class=\"c x1c7 yc81 w7b h4d\"><div class=\"t m0 x51 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x189 yc82 w79 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1c6 yc82 w7a h4d\"><div class=\"t m0 x45 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">13 </div></td><td class=\"c x1c7 yc82 w7b h4d\"><div class=\"t m0 xc5 h9 y291 ff2 fs0 fc0 sc0 ls34 ws0\">14<span class=\"ls0\"> </span></div></td></tr></table>Si <span class=\"_ _48\"> </span>s<span class=\"_ _2\"></span>egnala <span class=\"_ _8\"> </span>che <span class=\"_ _48\"> </span>il <span class=\"_ _8\"> </span>Presidente/Amministratore <span class=\"_ _8\"> </span>Delegato <span class=\"_ _48\"> </span>e <span class=\"_ _8\"> </span>il <span class=\"_ _8\"> </span>Vice <span class=\"_ _8\"> </span>Presidente/Amministratore Delegato non sono dipendenti n\u00e9 di TIP n\u00e9 di altre societ\u00e0 del gruppo. (2<span class=\"ls0\">6) Trattamento <span class=\"lsb\">di</span> fine rapporto </span>Al<span class=\"ls0\"> <span class=\"_ _2a\"></span><span class=\"ls8\">31</span> <span class=\"_ _2a\"></span>dicembre <span class=\"_ _2a\"></span><span class=\"ls8\">202</span>5 <span class=\"_ _2a\"></span><span class=\"ls8\">il</span> <span class=\"_ _2a\"></span>saldo <span class=\"_ _27\"></span>della <span class=\"_ _2a\"></span>voce <span class=\"_ _2a\"></span>che <span class=\"_ _2a\"></span><span class=\"ls3\">si</span> <span class=\"_ _2a\"></span>riferisce <span class=\"_ _27\"></span><span class=\"lsa\">al</span> <span class=\"_ _28\"></span>TFR <span class=\"_ _27\"></span>dovuto <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>tutti <span class=\"_ _28\"></span>i<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>dipendenti <span class=\"_ _2a\"></span>della<span class=\"_ _5d\"> </span></span>societ\u00e0 alla fine del rapporto di lavoro, con <span class=\"ls8\">la</span> passivit\u00e0 aggiornata <span class=\"ls3\">su</span> base attuariale, <span class=\"lse\">\u00e8:</span><table class=\"s w2bc h11e\" id=\"_d4b70aa4-1bd9-4293-8c12-278400b3040f\"><tr><td class=\"c x1ab yddb we1 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro<span class=\"ff3\"> </span></div></td><td class=\"c x237 yddb we2 h4d\"><div class=\"t m0 x32 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span><span class=\"ff3\"> </span></div></td><td class=\"c x238 yddb we3 h4d\"><div class=\"t m0 x32 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x1ab yddc we1 h73\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Valore iniziale  </div></td><td class=\"c x237 yddc we2 h73\"><div class=\"t m0 xd2 h9 y49f ff2 fs0 fc0 sc0 ls0 ws0\">361.123 </div></td><td class=\"c x238 yddc we3 h73\"><div class=\"t m0 xb0 h9 y49f ff2 fs0 fc0 sc0 ls0 ws0\">356.617 </div></td></tr><tr><td class=\"c x1ab yddd we1 h4d\"><div class=\"t m0 x15 hf y291 ff7 fs0 fc0 sc0 ls0 ws0\">Accantonamento dell\u2019ese<span class=\"_ _2\"></span>rcizio<span class=\"ff3\"> </span></div></td><td class=\"c x237 yddd we2 h4d\"><div class=\"t m0 x10 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">77<span class=\"ls0\">.</span>991<span class=\"ls0\"> </span></div></td><td class=\"c x238 yddd we3 h4d\"><div class=\"t m0 x10 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">74.797 </div></td></tr><tr><td class=\"c x1ab ydde we1 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Oneri/(proventi) finanz<span class=\"_ _2\"></span>iari </div></td><td class=\"c x237 ydde we2 h4d\"><div class=\"t m0 x10 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">13.135 </div></td><td class=\"c x238 ydde we3 h4d\"><div class=\"t m0 x69 hf y291 ff3 fs0 fc0 sc0 ls4 ws0\">         <span class=\"ls0\">12.087 </span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yddf we1 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Perdite/(utili) attuaria<span class=\"_ _2\"></span>li </div></td><td class=\"c x237 yddf we2 h4d\"><div class=\"t m0 xb1 hf y291 ff3 fs0 fc0 sc0 ls4 ws0\">       <span class=\"ls0\">(3.<span class=\"ls36\">055</span>)</span><span class=\"ls0\"> </span></div></td><td class=\"c x238 yddf we3 h4d\"><div class=\"t m0 xf5 hf y291 ff3 fs0 fc0 sc0 ls4 ws0\">       <span class=\"ls0\">(35.492) </span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yde0 we1 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Versamenti a fondi pensi<span class=\"_ _2\"></span>one e utilizz<span class=\"_ _2\"></span>i </div></td><td class=\"c x237 yde0 we2 h4e\"><div class=\"t m0 x91 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(52.636) </div></td><td class=\"c x238 yde0 we3 h4e\"><div class=\"t m0 x91 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(46.886)  </div></td></tr><tr><td class=\"c x1ab yde1 we1 h4e\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x237 yde1 we2 h4e\"><div class=\"t m0 xb0 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">3<span class=\"ls36\">96</span>.<span class=\"ls36\">558</span> </div></td><td class=\"c x238 yde1 we3 h4e\"><div class=\"t m0 xd2 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">361.123 </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "Al<span class=\"ls0\"> <span class=\"ls8\">31</span> dicembre 2025 <span class=\"ls8\">il</span> numero di dipendenti di TIP \u00e8 <span class=\"ls8\">il</span> seguente:</span><span class=\"ls0\"> </span><div class=\"gs5\"><table class=\"s w238 hf4\" id=\"_a4ed9526-973c-438d-9936-768db8595449\"><tr><td></td><td class=\"c x1c6 yc7e w7a h4d\"><div class=\"t m0 x8a h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1c7 yc7e w7b h4d\"><div class=\"t m0 x38 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yc7f w79 h72\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Impiegati e apprendisti<span class=\"_ _2\"></span> </div></td><td class=\"c x1c6 yc7f w7a h72\"><div class=\"t m0 xc4 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">6 </div></td><td class=\"c x1c7 yc7f w7b h72\"><div class=\"t m0 x51 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">7 </div></td></tr><tr><td class=\"c x189 yc80 w79 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quadri </div></td><td class=\"c x1c6 yc80 w7a h4d\"><div class=\"t m0 xc4 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2 </div></td><td class=\"c x1c7 yc80 w7b h4d\"><div class=\"t m0 x51 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2 </div></td></tr><tr><td class=\"c x189 yc81 w79 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Dirigenti </div></td><td class=\"c x1c6 yc81 w7a h4d\"><div class=\"t m0 xc4 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">5 </div></td><td class=\"c x1c7 yc81 w7b h4d\"><div class=\"t m0 x51 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">5 </div></td></tr><tr><td class=\"c x189 yc82 w79 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1c6 yc82 w7a h4d\"><div class=\"t m0 x45 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">13 </div></td><td class=\"c x1c7 yc82 w7b h4d\"><div class=\"t m0 xc5 h9 y291 ff2 fs0 fc0 sc0 ls34 ws0\">14<span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-441": {
   "value": "(7) Proventi/(oneri) finanziari <span class=\"ff3\"> </span>La voce comprende: <table class=\"s w23a hf6\" id=\"_6680a921-9504-435a-bc2c-406385b00b70\"><tr><td class=\"c x189 yc8a w7c h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1c8 yc8a w7d h4d\"><div class=\"t m0 x24 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1c7 yc8a w7e h4d\"><div class=\"t m0 x24 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x187 yc8b w23b he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls36 ws0\">1.<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1c2 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">Proventi <span class=\"ls3\">da</span> partecipazioni<span class=\"_ _5d\"> </span></div></td><td class=\"c x1c8 yc8c w7d h73\"><div class=\"t m0 x36 hf y487 ff3 fs0 fc0 sc0 ls36 ws0\">10<span class=\"ls0\">.</span>061<span class=\"ls0\">.</span>897<span class=\"ls0\"> </span></div></td><td class=\"c x1c7 yc8c w7e h73\"><div class=\"t m0 xc2 hf y487 ff3 fs0 fc0 sc0 ls0 ws0\">8.940.861 </div></td></tr><tr><td class=\"c x187 yc8d w23c he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls36 ws0\">2.<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1c2 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">Proventi diversi<span class=\"_ _5d\"> </span></div></td><td class=\"c x1c8 yc8e w7d h4d\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">1.112<span class=\"ls0\">.</span>54<span class=\"ls0\">1</span><span class=\"ls0\"> </span></div></td><td class=\"c x1c7 yc8e w7e h4d\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.833.152 </div></td></tr><tr><td class=\"c x189 yc8f w7c h5b\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale proventi finanz<span class=\"_ _2\"></span>iari </div></td><td class=\"c x1c8 yc8f w7d h5b\"><div class=\"t m0 x91 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">11.1<span class=\"ls36\">74.43</span>8 </div></td><td class=\"c x1c7 yc8f w7e h5b\"><div class=\"t m0 x36 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">10.774.013 </div></td></tr><tr><td class=\"c x187 yc75 w23d he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls36 ws0\">3.<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1c2 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">Interessi e altri oneri finanziar<span class=\"_ _2\"></span>i<span class=\"_ _5d\"> </span></div></td><td class=\"c x1c8 yc90 w7d h4e\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(<span class=\"ls36\"></span><span class=\"ls36\">21</span>.<span class=\"ls36\">956</span>.<span class=\"ls36\">586</span>) </div></td><td class=\"c x1c7 yc90 w7e h4e\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(15.349.477) </div></td></tr><tr><td class=\"c x189 yc91 w7c h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale oneri finanz<span class=\"_ _2\"></span>iari </div></td><td class=\"c x1c8 yc91 w7d h4d\"><div class=\"t m0 xaf h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">(<span class=\"ls36\"></span><span class=\"ls36\">21</span>.<span class=\"ls36\">956</span>.<span class=\"ls36\">586</span>) </div></td><td class=\"c x1c7 yc91 w7e h4d\"><div class=\"t m0 xaf h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">(15.349.477) </div></td></tr></table>(7).1. Proventi <span class=\"lsb\">da</span> partecipazioni <table class=\"s w23e hf7\" id=\"_4bcb1d15-472d-4bc1-8c0c-d2797d50d29a\"><tr><td class=\"c x189 yc92 w7c h73\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1c8 yc92 w7d h73\"><div class=\"t m0 x24 h9 y487 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1c7 yc92 w7b h73\"><div class=\"t m0 x38 h9 y487 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yc93 w7c h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Dividendi </div></td><td class=\"c x1c8 yc93 w7d h4d\"><div class=\"t m0 x36 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">10<span class=\"ls0\">.</span>061<span class=\"ls0\">.</span>897<span class=\"ls0\"> </span></div></td><td class=\"c x1c7 yc93 w7b h4d\"><div class=\"t m0 x90 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">8.940.861 </div></td></tr><tr><td class=\"c x189 yc94 w7c h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1c8 yc94 w7d h4d\"><div class=\"t m0 x36 h9 y291 ff2 fs0 fc0 sc0 ls34 ws0\">10<span class=\"ls0\">.<span class=\"ls36\">061</span>.<span class=\"ls36\">897</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1c7 yc94 w7b h4d\"><div class=\"t m0 x52 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">8.940.861 </div></td></tr></table>Al<span class=\"ls0\"> <span class=\"ls8\">31</span> dicembre 2025 i pro<span class=\"_ _1\"></span>venti da partecipazioni <span class=\"ls3\">si</span> r<span class=\"_ _1\"></span>iferiscono <span class=\"lsa\">ai</span> dividendi percepiti dalle <span class=\"_ _1\"></span>seguenti </span>partecipate (euro): <table class=\"s w239 hf5\" id=\"_eb7beda6-be1e-4146-aad7-48497009f667\"><tr><td class=\"c x189 yc83 w7c h5b\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Moncler S.p.A. </div></td><td class=\"c x1c8 yc83 w7d h5b\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2.665.000 </div></td></tr><tr><td class=\"c x189 yc84 w7c h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Azimut|Benetti S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x1c8 yc84 w7d h4d\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2.247.374 </div></td></tr><tr><td class=\"c x189 yc85 w7c h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Amplifon S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x1c8 yc85 w7d h4e\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2.158.880 </div></td></tr><tr><td class=\"c x189 yc86 w7c h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Hugo Boss A.G. </div></td><td class=\"c x1c8 yc86 w7d h4d\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.512.000 </div></td></tr><tr><td class=\"c x189 yc87 w7c h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Vianova S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x1c8 yc87 w7d h4d\"><div class=\"t m0 xbd hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">861.472 </div></td></tr><tr><td class=\"c x189 yc88 w7c h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Basicnet S.p.A. </div></td><td class=\"c x1c8 yc88 w7d h4d\"><div class=\"t m0 xbd hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">472.971 </div></td></tr><tr><td class=\"c x189 yc89 w7c h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Altre societ\u00e0 </div></td><td class=\"c x1c8 yc89 w7d h4e\"><div class=\"t m0 xbd hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1<span class=\"ls36\">44</span>.2<span class=\"ls36\">00</span> </div></td></tr><tr><td class=\"c x189 ybcd w7c h4e\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1c8 ybcd w7d h4e\"><div class=\"t m0 x36 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">10.0<span class=\"ls36\">61</span>.<span class=\"ls36\">897</span> </div></td></tr></table>(7).2. Proventi diversi Comprendono <span class=\"_ _29\"></span>principa<span class=\"_ _2\"></span>lmente <span class=\"_ _29\"></span>interessi <span class=\"_ _28\"></span>attivi <span class=\"_ _29\"></span><span class=\"ls3\">su</span> <span class=\"_ _29\"></span>obbligazioni <span class=\"_ _29\"></span>per <span class=\"_ _28\"></span>euro <span class=\"_ _29\"></span>643.679, <span class=\"_ _28\"></span>interessi <span class=\"_ _29\"></span>attivi <span class=\"_ _28\"></span><span class=\"lsf\">da</span> finanziamenti e interessi bancari per euro <span class=\"ls8\">408</span>.868. (7).3. Interessi e altri oneri finanziari <table class=\"s w23e hf8\" id=\"_098aa140-4460-4112-a985-ad5e7b16a253\"><tr><td class=\"c x189 yc95 w2a h72\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1c9 yc95 w81 h72\"><div class=\"t m0 x23 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1c7 yc95 w7b h72\"><div class=\"t m0 x38 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yc96 w2a h73\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Interessi <span class=\"ls4c\">su</span> prestiti <span class=\"_ _2\"></span>obbligaziona<span class=\"_ _2\"></span>ri </div></td><td class=\"c x1c9 yc96 w81 h73\"><div class=\"t m0 x72 hf y49f ff3 fs0 fc0 sc0 ls0 ws0\">16.<span class=\"ls36\">218</span>.<span class=\"ls36\">977</span> </div></td><td class=\"c x1c7 yc96 w7b h73\"><div class=\"t m0 x7f hf y49f ff3 fs0 fc0 sc0 ls0 ws0\">11.922.655 </div></td></tr><tr><td class=\"c x189 yc97 w2a h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Altro </div></td><td class=\"c x1c9 yc97 w81 h4d\"><div class=\"t m0 x71 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">5.<span class=\"ls36\">73</span>7.<span class=\"ls36\">609</span> </div></td><td class=\"c x1c7 yc97 w7b h4d\"><div class=\"t m0 x90 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">3.426.822 </div></td></tr><tr><td class=\"c x189 yc98 w2a h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1c9 yc98 w81 h4d\"><div class=\"t m0 x72 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">2<span class=\"ls34\">1.</span>9<span class=\"ls36\">56</span>.<span class=\"ls36\">586</span> </div></td><td class=\"c x1c7 yc98 w7b h4d\"><div class=\"t m0 x7f h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">15.349.477 </div></td></tr></table>Gli <span class=\"_ _29\"></span>\u201cInteressi <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>u <span class=\"_ _29\"></span>prestiti <span class=\"_ _2\"></span>obblig<span class=\"_ _2\"></span>azionari\u201d <span class=\"_ _29\"></span>si <span class=\"_ _29\"></span>riferiscono <span class=\"_ _29\"></span>principalmente <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span>l <span class=\"_ _29\"></span>Prestito <span class=\"_ _2\"></span>Obblig<span class=\"_ _2\"></span>azionario TIP <span class=\"_ _24\"></span>2024 <span class=\"_ _23\"></span>- <span class=\"_ _23\"></span>2029 <span class=\"_ _24\"></span>attualmente <span class=\"_ _23\"></span>da <span class=\"_ _24\"></span>compl<span class=\"_ _2\"></span>essivi <span class=\"_ _24\"></span>400,5 <span class=\"_ _23\"></span>milioni. <span class=\"_ _24\"></span>Nel <span class=\"_ _23\"></span>mese <span class=\"_ _23\"></span>di <span class=\"_ _24\"></span>giugno <span class=\"_ _23\"></span>2025 <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _23\"></span>stata <span class=\"_ _23\"></span>collocata (tramite <span class=\"_ _2\"></span>\u201cTA<span class=\"_ _2\"></span>P <span class=\"_ _2\"></span>Issue\u201d) <span class=\"_ _29\"></span>un<span class=\"_ _2\"></span>\u2019<span class=\"ff3\">ulteriore <span class=\"_ _2\"></span>quota <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>prestito <span class=\"_ _29\"></span>obbligazionario <span class=\"_ _29\"></span>per <span class=\"_ _29\"></span>un <span class=\"_ _2\"></span>ammontare <span class=\"_ _29\"></span>nominale </span>complessivo  pari <span class=\"_ _19\"> </span>a  110<span class=\"_ _23\"></span>  milioni <span class=\"_ _19\"> </span>a  un <span class=\"_ _12\"> </span>prezzo <span class=\"_ _19\"> </span>di  emissione <span class=\"_ _19\"> </span>del  101,75% <span class=\"_ _19\"> </span>del  valore <span class=\"_ _19\"> </span>nominale<span class=\"_ _2\"></span>, mantenendo le stesse caratteristiche del prestito originale da 290,5 milioni emesso nel 2024.<span class=\"_ _5d\"> </span>La <span class=\"_ _27\"></span>voce <span class=\"_ _2a\"></span>\u201cAltro\u201d <span class=\"_ _27\"></span>comprende <span class=\"_ _2a\"></span>interessi <span class=\"_ _27\"></span>bancari <span class=\"_ _2a\"></span>su <span class=\"_ _27\"></span>finanziamenti <span class=\"_ _2a\"></span>per <span class=\"_ _27\"></span>euro <span class=\"_ _2a\"></span>3.<span class=\"_ _2\"></span><span class=\"ff3\">918.<span class=\"ls8\">274</span>, <span class=\"_ _27\"></span>variazioni <span class=\"_ _2a\"></span>di </span>valore di strumenti <span class=\"_ _1\"></span>derivati per <span class=\"_ _23\"></span>euro 1<span class=\"ls8\">.466.832, variazioni <span class=\"_ _23\"></span>di valore di az<span class=\"_ _1\"></span>ioni qu<span class=\"_ _23\"></span>otate classificate tr<span class=\"_ _1\"></span>a<span class=\"_ _5d\"> </span></span>le <span class=\"_ _2\"></span>attivit\u00e0 finanzia<span class=\"_ _2\"></span>rie correnti valuta<span class=\"_ _2\"></span>te a <span class=\"_ _2\"></span>FVTPL <span class=\"_ _2\"></span>per euro <span class=\"_ _2\"></span>217.703 <span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>altri <span class=\"_ _2\"></span>oneri finanzia<span class=\"_ _2\"></span>ri e <span class=\"_ _2\"></span>perdite<span class=\"_ _5d\"> </span> su cambi.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "(7) Proventi/(oneri) finanziari <span class=\"ff3\"> </span>La voce comprende: <table class=\"s w23a hf6\" id=\"_6680a921-9504-435a-bc2c-406385b00b70\"><tr><td class=\"c x189 yc8a w7c h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1c8 yc8a w7d h4d\"><div class=\"t m0 x24 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1c7 yc8a w7e h4d\"><div class=\"t m0 x24 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x187 yc8b w23b he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls36 ws0\">1.<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1c2 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">Proventi <span class=\"ls3\">da</span> partecipazioni<span class=\"_ _5d\"> </span></div></td><td class=\"c x1c8 yc8c w7d h73\"><div class=\"t m0 x36 hf y487 ff3 fs0 fc0 sc0 ls36 ws0\">10<span class=\"ls0\">.</span>061<span class=\"ls0\">.</span>897<span class=\"ls0\"> </span></div></td><td class=\"c x1c7 yc8c w7e h73\"><div class=\"t m0 xc2 hf y487 ff3 fs0 fc0 sc0 ls0 ws0\">8.940.861 </div></td></tr><tr><td class=\"c x187 yc8d w23c he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls36 ws0\">2.<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1c2 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">Proventi diversi<span class=\"_ _5d\"> </span></div></td><td class=\"c x1c8 yc8e w7d h4d\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">1.112<span class=\"ls0\">.</span>54<span class=\"ls0\">1</span><span class=\"ls0\"> </span></div></td><td class=\"c x1c7 yc8e w7e h4d\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.833.152 </div></td></tr><tr><td class=\"c x189 yc8f w7c h5b\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale proventi finanz<span class=\"_ _2\"></span>iari </div></td><td class=\"c x1c8 yc8f w7d h5b\"><div class=\"t m0 x91 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">11.1<span class=\"ls36\">74.43</span>8 </div></td><td class=\"c x1c7 yc8f w7e h5b\"><div class=\"t m0 x36 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">10.774.013 </div></td></tr><tr><td class=\"c x187 yc75 w23d he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls36 ws0\">3.<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1c2 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">Interessi e altri oneri finanziar<span class=\"_ _2\"></span>i<span class=\"_ _5d\"> </span></div></td><td class=\"c x1c8 yc90 w7d h4e\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(<span class=\"ls36\"></span><span class=\"ls36\">21</span>.<span class=\"ls36\">956</span>.<span class=\"ls36\">586</span>) </div></td><td class=\"c x1c7 yc90 w7e h4e\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(15.349.477) </div></td></tr><tr><td class=\"c x189 yc91 w7c h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale oneri finanz<span class=\"_ _2\"></span>iari </div></td><td class=\"c x1c8 yc91 w7d h4d\"><div class=\"t m0 xaf h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">(<span class=\"ls36\"></span><span class=\"ls36\">21</span>.<span class=\"ls36\">956</span>.<span class=\"ls36\">586</span>) </div></td><td class=\"c x1c7 yc91 w7e h4d\"><div class=\"t m0 xaf h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">(15.349.477) </div></td></tr></table>(7).1. Proventi <span class=\"lsb\">da</span> partecipazioni <table class=\"s w23e hf7\" id=\"_4bcb1d15-472d-4bc1-8c0c-d2797d50d29a\"><tr><td class=\"c x189 yc92 w7c h73\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1c8 yc92 w7d h73\"><div class=\"t m0 x24 h9 y487 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1c7 yc92 w7b h73\"><div class=\"t m0 x38 h9 y487 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yc93 w7c h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Dividendi </div></td><td class=\"c x1c8 yc93 w7d h4d\"><div class=\"t m0 x36 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">10<span class=\"ls0\">.</span>061<span class=\"ls0\">.</span>897<span class=\"ls0\"> </span></div></td><td class=\"c x1c7 yc93 w7b h4d\"><div class=\"t m0 x90 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">8.940.861 </div></td></tr><tr><td class=\"c x189 yc94 w7c h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1c8 yc94 w7d h4d\"><div class=\"t m0 x36 h9 y291 ff2 fs0 fc0 sc0 ls34 ws0\">10<span class=\"ls0\">.<span class=\"ls36\">061</span>.<span class=\"ls36\">897</span></span><span class=\"ls0\"> </span></div></td><td class=\"c x1c7 yc94 w7b h4d\"><div class=\"t m0 x52 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">8.940.861 </div></td></tr></table>Al<span class=\"ls0\"> <span class=\"ls8\">31</span> dicembre 2025 i pro<span class=\"_ _1\"></span>venti da partecipazioni <span class=\"ls3\">si</span> r<span class=\"_ _1\"></span>iferiscono <span class=\"lsa\">ai</span> dividendi percepiti dalle <span class=\"_ _1\"></span>seguenti </span>partecipate (euro): <table class=\"s w239 hf5\" id=\"_eb7beda6-be1e-4146-aad7-48497009f667\"><tr><td class=\"c x189 yc83 w7c h5b\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Moncler S.p.A. </div></td><td class=\"c x1c8 yc83 w7d h5b\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2.665.000 </div></td></tr><tr><td class=\"c x189 yc84 w7c h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Azimut|Benetti S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x1c8 yc84 w7d h4d\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2.247.374 </div></td></tr><tr><td class=\"c x189 yc85 w7c h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Amplifon S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x1c8 yc85 w7d h4e\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2.158.880 </div></td></tr><tr><td class=\"c x189 yc86 w7c h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Hugo Boss A.G. </div></td><td class=\"c x1c8 yc86 w7d h4d\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.512.000 </div></td></tr><tr><td class=\"c x189 yc87 w7c h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Vianova S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x1c8 yc87 w7d h4d\"><div class=\"t m0 xbd hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">861.472 </div></td></tr><tr><td class=\"c x189 yc88 w7c h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Basicnet S.p.A. </div></td><td class=\"c x1c8 yc88 w7d h4d\"><div class=\"t m0 xbd hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">472.971 </div></td></tr><tr><td class=\"c x189 yc89 w7c h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Altre societ\u00e0 </div></td><td class=\"c x1c8 yc89 w7d h4e\"><div class=\"t m0 xbd hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1<span class=\"ls36\">44</span>.2<span class=\"ls36\">00</span> </div></td></tr><tr><td class=\"c x189 ybcd w7c h4e\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1c8 ybcd w7d h4e\"><div class=\"t m0 x36 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">10.0<span class=\"ls36\">61</span>.<span class=\"ls36\">897</span> </div></td></tr></table>(7).2. Proventi diversi Comprendono <span class=\"_ _29\"></span>principa<span class=\"_ _2\"></span>lmente <span class=\"_ _29\"></span>interessi <span class=\"_ _28\"></span>attivi <span class=\"_ _29\"></span><span class=\"ls3\">su</span> <span class=\"_ _29\"></span>obbligazioni <span class=\"_ _29\"></span>per <span class=\"_ _28\"></span>euro <span class=\"_ _29\"></span>643.679, <span class=\"_ _28\"></span>interessi <span class=\"_ _29\"></span>attivi <span class=\"_ _28\"></span><span class=\"lsf\">da</span> finanziamenti e interessi bancari per euro <span class=\"ls8\">408</span>.868. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-472": {
   "value": "(7).3. Interessi e altri oneri finanziari <table class=\"s w23e hf8\" id=\"_098aa140-4460-4112-a985-ad5e7b16a253\"><tr><td class=\"c x189 yc95 w2a h72\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1c9 yc95 w81 h72\"><div class=\"t m0 x23 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1c7 yc95 w7b h72\"><div class=\"t m0 x38 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yc96 w2a h73\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Interessi <span class=\"ls4c\">su</span> prestiti <span class=\"_ _2\"></span>obbligaziona<span class=\"_ _2\"></span>ri </div></td><td class=\"c x1c9 yc96 w81 h73\"><div class=\"t m0 x72 hf y49f ff3 fs0 fc0 sc0 ls0 ws0\">16.<span class=\"ls36\">218</span>.<span class=\"ls36\">977</span> </div></td><td class=\"c x1c7 yc96 w7b h73\"><div class=\"t m0 x7f hf y49f ff3 fs0 fc0 sc0 ls0 ws0\">11.922.655 </div></td></tr><tr><td class=\"c x189 yc97 w2a h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Altro </div></td><td class=\"c x1c9 yc97 w81 h4d\"><div class=\"t m0 x71 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">5.<span class=\"ls36\">73</span>7.<span class=\"ls36\">609</span> </div></td><td class=\"c x1c7 yc97 w7b h4d\"><div class=\"t m0 x90 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">3.426.822 </div></td></tr><tr><td class=\"c x189 yc98 w2a h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1c9 yc98 w81 h4d\"><div class=\"t m0 x72 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">2<span class=\"ls34\">1.</span>9<span class=\"ls36\">56</span>.<span class=\"ls36\">586</span> </div></td><td class=\"c x1c7 yc98 w7b h4d\"><div class=\"t m0 x7f h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">15.349.477 </div></td></tr></table>Gli <span class=\"_ _29\"></span>\u201cInteressi <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>u <span class=\"_ _29\"></span>prestiti <span class=\"_ _2\"></span>obblig<span class=\"_ _2\"></span>azionari\u201d <span class=\"_ _29\"></span>si <span class=\"_ _29\"></span>riferiscono <span class=\"_ _29\"></span>principalmente <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span>l <span class=\"_ _29\"></span>Prestito <span class=\"_ _2\"></span>Obblig<span class=\"_ _2\"></span>azionario TIP <span class=\"_ _24\"></span>2024 <span class=\"_ _23\"></span>- <span class=\"_ _23\"></span>2029 <span class=\"_ _24\"></span>attualmente <span class=\"_ _23\"></span>da <span class=\"_ _24\"></span>compl<span class=\"_ _2\"></span>essivi <span class=\"_ _24\"></span>400,5 <span class=\"_ _23\"></span>milioni. <span class=\"_ _24\"></span>Nel <span class=\"_ _23\"></span>mese <span class=\"_ _23\"></span>di <span class=\"_ _24\"></span>giugno <span class=\"_ _23\"></span>2025 <span class=\"_ _24\"></span>\u00e8 <span class=\"_ _23\"></span>stata <span class=\"_ _23\"></span>collocata (tramite <span class=\"_ _2\"></span>\u201cTA<span class=\"_ _2\"></span>P <span class=\"_ _2\"></span>Issue\u201d) <span class=\"_ _29\"></span>un<span class=\"_ _2\"></span>\u2019<span class=\"ff3\">ulteriore <span class=\"_ _2\"></span>quota <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>prestito <span class=\"_ _29\"></span>obbligazionario <span class=\"_ _29\"></span>per <span class=\"_ _29\"></span>un <span class=\"_ _2\"></span>ammontare <span class=\"_ _29\"></span>nominale </span>complessivo  pari <span class=\"_ _19\"> </span>a  110<span class=\"_ _23\"></span>  milioni <span class=\"_ _19\"> </span>a  un <span class=\"_ _12\"> </span>prezzo <span class=\"_ _19\"> </span>di  emissione <span class=\"_ _19\"> </span>del  101,75% <span class=\"_ _19\"> </span>del  valore <span class=\"_ _19\"> </span>nominale<span class=\"_ _2\"></span>, mantenendo le stesse caratteristiche del prestito originale da 290,5 milioni emesso nel 2024.<span class=\"_ _5d\"> </span>La <span class=\"_ _27\"></span>voce <span class=\"_ _2a\"></span>\u201cAltro\u201d <span class=\"_ _27\"></span>comprende <span class=\"_ _2a\"></span>interessi <span class=\"_ _27\"></span>bancari <span class=\"_ _2a\"></span>su <span class=\"_ _27\"></span>finanziamenti <span class=\"_ _2a\"></span>per <span class=\"_ _27\"></span>euro <span class=\"_ _2a\"></span>3.<span class=\"_ _2\"></span><span class=\"ff3\">918.<span class=\"ls8\">274</span>, <span class=\"_ _27\"></span>variazioni <span class=\"_ _2a\"></span>di </span>valore di strumenti <span class=\"_ _1\"></span>derivati per <span class=\"_ _23\"></span>euro 1<span class=\"ls8\">.466.832, variazioni <span class=\"_ _23\"></span>di valore di az<span class=\"_ _1\"></span>ioni qu<span class=\"_ _23\"></span>otate classificate tr<span class=\"_ _1\"></span>a<span class=\"_ _5d\"> </span></span>le <span class=\"_ _2\"></span>attivit\u00e0 finanzia<span class=\"_ _2\"></span>rie correnti valuta<span class=\"_ _2\"></span>te a <span class=\"_ _2\"></span>FVTPL <span class=\"_ _2\"></span>per euro <span class=\"_ _2\"></span>217.703 <span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>altri <span class=\"_ _2\"></span>oneri finanzia<span class=\"_ _2\"></span>ri e <span class=\"_ _2\"></span>perdite<span class=\"_ _5d\"> </span>su cambi. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-443": {
   "value": "(8) Quote <span class=\"lsb\">di</span> risultato <span class=\"lsb\">di</span> partecipazioni valutate con <span class=\"ls10\">il</span> metodo del patrimonio netto<span class=\"_ _2\"></span> La<span class=\"ls0\"> <span class=\"_ _1\"></span>quota <span class=\"_ _23\"></span>di risultato <span class=\"_ _23\"></span>delle <span class=\"_ _1\"></span>partecipazioni <span class=\"_ _23\"></span>col<span class=\"_ _2\"></span>legate, <span class=\"_ _1\"></span>riassumibile <span class=\"_ _23\"></span><span class=\"ls8\">in<span class=\"ls0\"> <span class=\"_ _1\"></span><span class=\"ls9\">un<span class=\"ls0\"> <span class=\"_ _23\"></span>provento di <span class=\"_ _23\"></span>circa 94,5 <span class=\"_ _23\"></span>milioni, </span></span></span></span></span>include <span class=\"_ _28\"></span>l\u2019ottimo <span class=\"_ _28\"></span>risultato <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>OVS <span class=\"_ _2a\"></span>ed <span class=\"_ _28\"></span>i <span class=\"_ _28\"></span>risultati <span class=\"_ _28\"></span>positivi <span class=\"_ _2a\"></span>delle <span class=\"_ _28\"></span>partecipate <span class=\"_ _28\"></span>IPGH <span class=\"_ _28\"></span>(Interpump), <span class=\"_ _28\"></span>ITH (SeSa), <span class=\"_ _2\"></span>Beta Utensili<span class=\"_ _2\"></span><span class=\"ff7\">, Sa<span class=\"_ _2\"></span>nt\u2019Agata (Chiorino)<span class=\"_ _2\"></span></span><span class=\"ls8\">, <span class=\"_ _2\"></span></span>Roche Bobois<span class=\"_ _2\"></span>, A<span class=\"_ _2\"></span>lpitour, Limonta <span class=\"_ _2\"></span><span class=\"lse\">e <span class=\"_ _2\"></span></span>i <span class=\"_ _2\"></span>risultati <span class=\"_ _2\"></span>negativi di <span class=\"_ _29\"></span>Dexel<span class=\"_ _2\"></span>ance, <span class=\"_ _29\"></span>Itaca <span class=\"_ _28\"></span>e <span class=\"_ _29\"></span>Elica, <span class=\"_ _28\"></span>nonch\u00e9 <span class=\"_ _28\"></span><span class=\"lsd\">le<span class=\"_ _2\"></span></span> <span class=\"_ _29\"></span>svalutazioni <span class=\"_ _29\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>Dexela<span class=\"_ _2\"></span>nce <span class=\"_ _29\"></span>per <span class=\"_ _28\"></span><span class=\"ls8\">30</span>,3 <span class=\"_ _29\"></span>milioni <span class=\"_ _28\"></span>e <span class=\"_ _29\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>Itaca <span class=\"_ _28\"></span>per <span class=\"_ _29\"></span>3 milioni. Come <span class=\"_ _28\"></span>noto <span class=\"_ _2a\"></span><span class=\"ls8\">il</span> <span class=\"_ _2a\"></span><span class=\"ls8\">2025</span> <span class=\"_ _28\"></span>\u00e8<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>stato <span class=\"_ _28\"></span>caratterizza<span class=\"_ _2\"></span>to <span class=\"_ _28\"></span><span class=\"ff7\">dall\u2019operazione</span> <span class=\"_ _2a\"></span>Alpitour, <span class=\"_ _28\"></span>gi\u00e0<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>illustrata <span class=\"_ _2a\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>relazione<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>sulla gestione. <span class=\"_ _22\"> </span><span class=\"lsc\">Il</span> <span class=\"_ _25\"> </span>risultato <span class=\"_ _22\"> </span>economico <span class=\"_ _22\"> </span><span class=\"ls8\">2025</span> <span class=\"_ _25\"> </span><span class=\"lsf\">ha</span> <span class=\"_ _25\"> </span>quindi <span class=\"_ _22\"> </span>beneficiato <span class=\"_ _22\"> </span>degli <span class=\"_ _22\"> </span>effetti <span class=\"_ _22\"> </span>contabili<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>relativi <span class=\"_ _22\"> </span>a <span class=\"_ _25\"> </span>tale operazione. <span class=\"_ _29\"></span><span class=\"ff7\">L\u2019ottenimento</span> <span class=\"_ _29\"></span>del <span class=\"_ _28\"></span>controllo <span class=\"_ _29\"></span>da <span class=\"_ _29\"></span>parte <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>Asset <span class=\"_ _29\"></span>Italia <span class=\"_ _28\"></span><span class=\"lse\">ed</span> <span class=\"_ _29\"></span><span class=\"ls8\">il</span> <span class=\"_ _29\"></span>conseguente <span class=\"_ _29\"></span>passaggio <span class=\"_ _28\"></span>da<span class=\"ls8\">lla</span> classificazione <span class=\"_ _27\"></span>quale <span class=\"_ _2a\"></span>societ\u00e0 <span class=\"_ _2a\"></span>collegata <span class=\"_ _27\"></span>valutata <span class=\"_ _2a\"></span>secondo <span class=\"_ _2a\"></span><span class=\"ls8\">il</span> <span class=\"_ _27\"></span>metodo <span class=\"_ _2a\"></span>del<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>patrimonio <span class=\"_ _27\"></span>netto <span class=\"_ _2a\"></span>a <span class=\"_ _27\"></span>societ\u00e0 controllata <span class=\"_ _25\"> </span>oggetto <span class=\"_ _25\"> </span>di<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>consolidamento <span class=\"_ _25\"> </span>integrale, <span class=\"_ _19\"> </span><span class=\"lsf\">ha</span> <span class=\"_ _25\"> </span>comportato <span class=\"_ _25\"> </span><span class=\"ls8\">in</span> <span class=\"_ _25\"> </span>capo<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span><span class=\"lsa\">ad</span> <span class=\"_ _22\"> </span>A<span class=\"_ _2\"></span>sset <span class=\"_ _25\"> </span>Italia <span class=\"_ _25\"> </span>che<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span><span class=\"lsd\">la</span> partecipazione <span class=\"_ _29\"></span>diretta <span class=\"_ _29\"></span>e <span class=\"_ _2\"></span>indiretta <span class=\"_ _29\"></span><span class=\"ls8\">in</span> <span class=\"_ _29\"></span>Alpitour <span class=\"_ _2\"></span>gi\u00e0<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>dete<span class=\"_ _2\"></span>nute <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>ia <span class=\"_ _2\"></span>stata<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>rilevata <span class=\"_ _29\"></span>analogamente <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>quanto sarebbe <span class=\"_ _28\"></span>avvenuto <span class=\"_ _29\"></span>nel<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>ca<span class=\"_ _2\"></span>so <span class=\"_ _29\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>cui <span class=\"_ _29\"></span>foss<span class=\"_ _2\"></span>e <span class=\"_ _28\"></span>stata <span class=\"_ _28\"></span>dismessa <span class=\"_ _28\"></span>e <span class=\"_ _28\"></span>riacquisita <span class=\"_ _28\"></span>allo <span class=\"_ _29\"></span>stesso <span class=\"_ _28\"></span>valore <span class=\"_ _28\"></span>espresso <span class=\"_ _28\"></span>dal prezzo <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>acquisto <span class=\"_ _22\"> </span>del<span class=\"_ _2\"></span>le <span class=\"_ _22\"> </span>ulteriori <span class=\"_ _25\"> </span>quote <span class=\"_ _25\"> </span>acquisite. <span class=\"_ _25\"> </span>Ci\u00f2 <span class=\"_ _25\"> </span>ha <span class=\"_ _25\"> </span>quindi <span class=\"_ _25\"> </span>comportato <span class=\"_ _22\"> </span>conta<span class=\"_ _2\"></span>bilmente <span class=\"_ _25\"> </span><span class=\"ls9\">un</span> provento <span class=\"_ _29\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>capo <span class=\"_ _28\"></span><span class=\"lsa\">ad</span> <span class=\"_ _29\"></span>A<span class=\"_ _2\"></span>sset <span class=\"_ _29\"></span>Italia <span class=\"_ _28\"></span>che <span class=\"_ _28\"></span>\u00e8 <span class=\"_ _28\"></span>stato <span class=\"_ _28\"></span>pro <span class=\"_ _29\"></span>qu<span class=\"_ _2\"></span>ota <span class=\"_ _28\"></span>registrato <span class=\"_ _28\"></span>da <span class=\"_ _29\"></span>T<span class=\"_ _2\"></span>IP <span class=\"_ _29\"></span>per <span class=\"_ _28\"></span><span class=\"ls9\">un</span> <span class=\"_ _28\"></span>importo <span class=\"_ _29\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>circa 64,6<span class=\"ls0\"> milioni, incluso nella quota di risultato sopra indicato. </span>Per maggiori <span class=\"_ _2\"></span>dettagli <span class=\"ls3\">si</span> rimanda a quanto <span class=\"_ _2\"></span>descritto alla nota <span class=\"_ _2\"></span>14 <span class=\"ff7\">\u201cPartecipazioni</span> <span class=\"ls8\">in</span> societ\u00e0 col<span class=\"_ _2\"></span>legate valutate con <span class=\"lsd\">il<span class=\"_ _2\"></span></span> metodo del patrimonio <span class=\"ff7\">netto\u201d</span> e <span class=\"ff7\">all\u2019allegato</span> 3. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-442": {
   "value": "(9) Imposte sul reddito correnti, differite e anticipate<span class=\"ff3\"> </span>Le<span class=\"ls0\"> imposte rilevate a conto economico sono<span class=\"_ _2\"></span> <span class=\"lsd\">le</span> seguenti: </span><table class=\"s w23f hf9\" id=\"_5c84fb06-0acb-46a9-ab8c-bbaf5a5e2006\"><tr><td class=\"c x1b2 yc99 w7c h45\"><div class=\"t m0 x1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\"> euro </div></td><td class=\"c x1ca yc99 w82 h45\"><div class=\"t m0 x78 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span> </div></td><td class=\"c x1cb yc99 w7b h45\"><div class=\"t m0 x82 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x1b2 yc9a w7c h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Imposte correnti </div></td><td class=\"c x1ca yc9a w82 h4d\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(131.003) </div></td><td class=\"c x1cb yc9a w7b h4d\"><div class=\"t m0 x84 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(<span class=\"ls36\"></span><span class=\"ls36\">76</span>.<span class=\"ls36\">365</span>) </div></td></tr><tr><td class=\"c x1b2 yc9b w7c h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Imposte anticipate<span class=\"_ _2\"></span> </div></td><td class=\"c x1ca yc9b w82 h4e\"><div class=\"t m0 x53 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">500<span class=\"ls0\">.</span>683<span class=\"ff1 ls0\"> </span></div></td><td class=\"c x1cb yc9b w7b h4e\"><div class=\"t m0 x54 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">94<span class=\"ls0\">.</span>950<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1b2 yc9c w7c h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Imposte differite </div></td><td class=\"c x1ca yc9c w82 h4d\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(<span class=\"ls36\"></span><span class=\"ls36\">829</span>.<span class=\"ls36\">323</span>)<span class=\"ff1\"> </span></div></td><td class=\"c x1cb yc9c w7b h4d\"><div class=\"t m0 xca hf y291 ff3 fs0 fc0 sc0 ls3b ws0\">(3<span class=\"ls36\">59<span class=\"ls0\">.</span>811</span><span class=\"ls36\"><span class=\"ls0\">) </span></span></div></td></tr><tr><td class=\"c x1b2 yc9d w7c h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1ca yc9d w82 h4d\"><div class=\"t m0 x7f h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">(<span class=\"ls36\"></span><span class=\"ls36\">459</span>.<span class=\"ls36\">643</span>)<span class=\"ff11\"> </span></div></td><td class=\"c x1cb yc9d w7b h4d\"><div class=\"t m0 x90 h9 y291 ff2 fs0 fc0 sc0 ls44 ws0\">(3<span class=\"ls36\">41<span class=\"ls0\">.</span>226</span><span class=\"ls36\"><span class=\"ls0\">) </span></span></div></td></tr></table>Imposte differite riconosciute direttamente a patrimonio netto La<span class=\"ls0\"> <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>riconosciuto direttamente <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span><span class=\"ls9\">una</span> <span class=\"_ _2\"></span>variazione <span class=\"_ _2\"></span>negativa <span class=\"_ _2\"></span>pari a<span class=\"_ _2\"></span> <span class=\"ls8\">80</span>9.<span class=\"ls8\">202</span> </span>euro <span class=\"_ _2c\"> </span>prevalentemente <span class=\"_ _18\"> </span>relativa <span class=\"_ _18\"> </span>alla <span class=\"_ _2c\"> </span>riduzione <span class=\"_ _18\"> </span>di <span class=\"_ _2c\"> </span>imposte <span class=\"_ _18\"> </span>differite <span class=\"_ _2c\"> </span>riferite <span class=\"_ _18\"> </span><span class=\"lsa\">al</span> <span class=\"_ _2c\"> </span><span class=\"ffb\">fair <span class=\"_ _18\"> </span>value</span> <span class=\"_ _2c\"> </span>delle partecipazioni valutate a OCI.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-444": {
   "value": "(10) Immobili, impianti e macchinari<span class=\"_ _5d\"> </span>La<span class=\"ls0\"> tabella seguente illustra <span class=\"ls8\">le</span> variazioni intervenute nella voce:</span><table class=\"s w240 hfa\" id=\"_3e5acd88-74a7-4253-9461-b3cf5b340480\"><tr><td class=\"c x189 yc9e w83 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1cc yc9e w84 h4d\"><div class=\"t m0 x23 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Altre attivit\u00e0 </div></td></tr><tr><td class=\"c x189 yc9f w83 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2023 </div></td><td class=\"c x1cc yc9f w84 h4d\"><div class=\"t m0 x2b h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">132.580 </div></td></tr><tr><td class=\"c x189 yca0 w83 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Incrementi </div></td><td class=\"c x1cc yca0 w84 h4d\"><div class=\"t m0 x86 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">57.806 </div></td></tr><tr><td class=\"c x189 yca1 w83 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi </div></td><td class=\"c x1cc yca1 w84 h4d\"><div class=\"t m0 x10 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x189 yca2 w83 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi fondo amm<span class=\"_ _2\"></span>ortamento<span class=\"_ _2\"></span> </div></td><td class=\"c x1cc yca2 w84 h4d\"><div class=\"t m0 x10 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x189 yca3 w83 h4e\"><div class=\"t m0 x15 hf y4bc ff3 fs0 fc0 sc0 ls0 ws0\">Ammortamenti </div></td><td class=\"c x1cc yca3 w84 h4e\"><div class=\"t m0 x8c hf y4bc ff3 fs0 fc0 sc0 ls0 ws0\">(62.180) </div></td></tr><tr><td class=\"c x189 yca4 w83 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2024 </div></td><td class=\"c x1cc yca4 w84 h4d\"><div class=\"t m0 x2b h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">128.206 </div></td></tr></table><table class=\"s w240 hfb\" id=\"_ddf81547-1d25-4a48-b12f-b488cef5454d\"><tr><td class=\"c x189 yca5 w83 h4d\"><div class=\"t m0 x15 h9 y291 ff3 fs0 fc0 sc0 ls0 ws0\">Incrementi<span class=\"ff2\"> </span></div></td><td class=\"c x1cc yca5 w84 h4d\"><div class=\"t m0 x86 h9 y291 ff3 fs0 fc0 sc0 ls36 ws0\">26<span class=\"ls0\">.</span>568<span class=\"ff2 ls0\"> </span></div></td></tr><tr><td class=\"c x189 yc7f w83 h72\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi </div></td><td class=\"c x1cc yc7f w84 h72\"><div class=\"t m0 x10 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x189 yc80 w83 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi fondo amm<span class=\"_ _2\"></span>ortamento<span class=\"_ _2\"></span> </div></td><td class=\"c x1cc yc80 w84 h4d\"><div class=\"t m0 x10 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x189 yc81 w83 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Ammortamenti </div></td><td class=\"c x1cc yc81 w84 h4d\"><div class=\"t m0 x8c hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(<span class=\"ls36\"></span><span class=\"ls36\">57</span>.<span class=\"ls36\">03</span>2) </div></td></tr><tr><td class=\"c x189 yc82 w83 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2025<span class=\"ff3\"> </span></div></td><td class=\"c x1cc yc82 w84 h4d\"><div class=\"t m0 x86 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">97<span class=\"ls0\">.</span>742<span class=\"ff3 ls0\"> </span></div></td></tr></table>L\u2019incremento<span class=\"ff3\"> <span class=\"_ _23\"></span>della<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>voce <span class=\"ls24\">si</span> <span class=\"_ _23\"></span>riferisce <span class=\"_ _1\"></span>principalmente <span class=\"_ _23\"></span><span class=\"ls1a\">ad<span class=\"_ _2\"></span><span class=\"ls0\"> <span class=\"_ _23\"></span>acqui<span class=\"_ _2\"></span>sti <span class=\"_ _23\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>mobili <span class=\"_ _1\"></span>e <span class=\"_ _23\"></span>arredi <span class=\"ff7\">d\u2019uff<span class=\"_ _1\"></span>icio,<span class=\"ff3\"> <span class=\"_ _23\"></span>mac<span class=\"_ _2\"></span>chine </span></span></span></span></span>elettroniche e telefoni cellulari. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-445": {
   "value": "(11) Diritti <span class=\"ffa\">d\u2019uso</span> <table class=\"s w241 hfc\" id=\"_f46f5614-0760-4b03-ba1e-0ef2f68f7c32\"><tr><td class=\"c x189 yca6 w83 h4e\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1cc yca6 w84 h4e\"><div class=\"t m0 x32 h9 y291 ffa fs0 fc0 sc0 ls0 ws0\">Diritti d\u2019uso<span class=\"ff2\"> </span></div></td></tr><tr><td class=\"c x189 yca7 w83 h4e\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2023 </div></td><td class=\"c x1cc yca7 w84 h4e\"><div class=\"t m0 x88 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">1.772.181 </div></td></tr><tr><td class=\"c x189 yca8 w83 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Incrementi </div></td><td class=\"c x1cc yca8 w84 h4e\"><div class=\"t m0 x2b hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">239.328<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x189 yca9 w83 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi </div></td><td class=\"c x1cc yca9 w84 h4d\"><div class=\"t m0 x10 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x189 ycaa w83 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi fondo amm<span class=\"_ _2\"></span>ortamento<span class=\"_ _2\"></span> </div></td><td class=\"c x1cc ycaa w84 h4d\"><div class=\"t m0 x10 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x189 ycab w83 h5b\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Ammortamenti </div></td><td class=\"c x1cc ycab w84 h5b\"><div class=\"t m0 x88 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(350.137) </div></td></tr><tr><td class=\"c x189 ycac w83 h4e\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2024 </div></td><td class=\"c x1cc ycac w84 h4e\"><div class=\"t m0 x85 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">1.661.372 </div></td></tr><tr><td class=\"c x189 ycad w83 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Incrementi </div></td><td class=\"c x1cc ycad w84 h4e\"><div class=\"t m0 x10 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x189 ycae w83 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi </div></td><td class=\"c x1cc ycae w84 h4d\"><div class=\"t m0 x10 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x189 ycaf w83 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi fondo amm<span class=\"_ _2\"></span>ortamento<span class=\"_ _2\"></span> </div></td><td class=\"c x1cc ycaf w84 h4d\"><div class=\"t m0 x10 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x189 ycb0 w83 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Ammortamenti </div></td><td class=\"c x1cc ycb0 w84 h4d\"><div class=\"t m0 x88 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(<span class=\"ls36\"></span><span class=\"ls36\">351</span>.<span class=\"ls36\">799</span>) </div></td></tr><tr><td class=\"c x189 ycb1 w83 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2025 </div></td><td class=\"c x1cc ycb1 w84 h4d\"><div class=\"t m0 x85 h9 y291 ff2 fs0 fc0 sc0 ls34 ws0\">1.<span class=\"ls36\">309<span class=\"ls0\">.</span>573</span><span class=\"ls36\"><span class=\"ls0\"> </span></span></div></td></tr></table>In<span class=\"ls0\"> <span class=\"_ _29\"></span>applicazi<span class=\"_ _2\"></span>one <span class=\"_ _29\"></span><span class=\"ff7\">dell\u2019IFRS</span> <span class=\"_ _29\"></span><span class=\"ls8\">16,</span> <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>fronte <span class=\"_ _29\"></span>dei <span class=\"_ _29\"></span>diritti <span class=\"_ _28\"></span><span class=\"ff7\">d\u2019uso,</span> <span class=\"_ _28\"></span>relativi <span class=\"_ _29\"></span>a <span class=\"_ _28\"></span>contratti <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>affitto <span class=\"_ _29\"></span>di<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>uffici, <span class=\"_ _29\"></span>sono </span>iscritte passivit\u00e0 finanziarie correnti per <span class=\"ffb\">leasing</span> per euro <span class=\"ls8\">361</span>.<span class=\"ls8\">778</span> e<span class=\"_ _23\"></span> pa<span class=\"_ _2\"></span>ssivit\u00e0 finanziarie non correnti per <span class=\"_ _28\"></span><span class=\"ffb\">leasing</span> <span class=\"_ _2a\"></span>per <span class=\"_ _28\"></span>euro <span class=\"_ _2a\"></span><span class=\"ls8\">998</span>.368. <span class=\"_ _2a\"></span>I <span class=\"_ _28\"></span>canoni <span class=\"_ _2a\"></span>di <span class=\"_ _28\"></span>affitto <span class=\"_ _2a\"></span>che, <span class=\"_ _28\"></span><span class=\"ls8\">in</span> <span class=\"_ _2a\"></span>applicazione <span class=\"_ _2a\"></span><span class=\"ff7\">dell\u2019IFRS</span> <span class=\"_ _28\"></span><span class=\"ls8\">16,</span> <span class=\"_ _2a\"></span>non <span class=\"_ _28\"></span>sono<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>stati rilevati <span class=\"_ _29\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>conto <span class=\"_ _28\"></span>economico <span class=\"_ _29\"></span><span class=\"ff7\">nell\u2019a<span class=\"_ _2\"></span>nno,</span> <span class=\"_ _29\"></span>sono <span class=\"_ _28\"></span>stati <span class=\"_ _28\"></span>pari <span class=\"_ _29\"></span>a <span class=\"_ _28\"></span>euro <span class=\"_ _29\"></span><span class=\"ls8\">391</span>.084 <span class=\"_ _28\"></span>mentre <span class=\"_ _28\"></span>gli <span class=\"_ _29\"></span>interessi <span class=\"_ _28\"></span>rilevati <span class=\"_ _29\"></span>a conto economico sono<span class=\"_ _1\"></span> pari <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span> euro<span class=\"_ _1\"></span> <span class=\"ls8\">25</span>.<span class=\"ls8\">941</span>. <span class=\"_ _23\"></span><span class=\"ff7\">L\u2019incremento<span class=\"ff3\"> avvenuto nel <span class=\"_ _23\"></span><span class=\"ls8\">2024<span class=\"ls0\"> <span class=\"ls3\">si</span> <span class=\"_ _23\"></span>riferiva <span class=\"lsa\">ad</span> <span class=\"ls9\">un</span> <span class=\"_ _23\"></span>nuovo </span></span></span></span>contratto di affitto. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "(12) Avviamento <span class=\"ls8\">ed</span> altre attivit\u00e0 immateriali<span class=\"_ _5d\"> </span>La<span class=\"ls0\"> <span class=\"_ _27\"></span>voce <span class=\"_ _2a\"></span><span class=\"ff7\">\u201cA<span class=\"_ _2\"></span>vviamento\u201d,</span> <span class=\"_ _2a\"></span>pari <span class=\"_ _27\"></span>a <span class=\"_ _27\"></span>9.806.574 <span class=\"_ _27\"></span>euro, <span class=\"_ _2a\"></span><span class=\"ls3\">si</span> <span class=\"_ _2a\"></span>riferisce<span class=\"_ _2\"></span> <span class=\"_ _27\"></span><span class=\"ff7\">all\u2019operazione</span> <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span>incorporazione <span class=\"_ _27\"></span>della<span class=\"_ _5d\"> </span></span>societ\u00e0 controllata Tamburi &amp; Associati S.p.A. <span class=\"ls8\">in</span> TIP S.p.A. avvenuta <span class=\"ff7\">nell\u2019anno</span> <span class=\"ls8\">2007.<span class=\"_ _5d\"> </span></span>Lo IAS 36 prevede che il valore dell'avviamento, in quanto bene immateriale a vita utile indefinita,<span class=\"_ _5d\"> </span>non <span class=\"_ _28\"></span>sia <span class=\"_ _2a\"></span>ammortizzato <span class=\"_ _28\"></span>ma <span class=\"_ _2a\"></span>soggetto <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>d <span class=\"_ _28\"></span>una <span class=\"_ _28\"></span>ve<span class=\"_ _2\"></span>rifica <span class=\"_ _28\"></span>del <span class=\"_ _28\"></span>valore <span class=\"_ _2a\"></span>da <span class=\"_ _28\"></span>effettuarsi <span class=\"_ _2a\"></span>almeno <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>nnualmente<span class=\"_ _5d\"> </span>(cd. \"<span class=\"ffb\">impairment test\").</span> Il<span class=\"ls0\"> <span class=\"_ _29\"></span>va<span class=\"_ _2\"></span>lore <span class=\"_ _29\"></span>recuperabile<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _29\"></span>stato <span class=\"_ _28\"></span>stimato <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ulla <span class=\"_ _29\"></span>base <span class=\"_ _28\"></span>del <span class=\"_ _29\"></span>valore <span class=\"_ _28\"></span><span class=\"ff7\">d\u2019uso,</span> <span class=\"_ _29\"></span>calcolato <span class=\"_ _28\"></span>assumendo <span class=\"_ _28\"></span><span class=\"ls8\">le</span> <span class=\"_ _29\"></span>seguenti<span class=\"_ _5d\"> </span></span>ipotesi:<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _48\"> </span></span>previs<span class=\"_ _2\"></span>ione dei flussi finanziari perpetui normalizzati <span class=\"ff7\">dell\u2019attivit\u00e0</span> di <span class=\"ffb\">advisory;<span class=\"_ _5d\"> </span></span>-<span class=\"ff6\"> <span class=\"_ _48\"> </span></span>va<span class=\"_ _2\"></span>lore terminale basato <span class=\"ls3\">su</span> <span class=\"ls9\">una</span> <span class=\"ff7\">\u201cperpetuit\u00e0\u201d</span> del 2%;<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _48\"> </span></span>tas<span class=\"_ _2\"></span>so di attualizzazione corrispondente <span class=\"lsa\">al</span> costo del capitale <span class=\"ff7 lsb\">(\u201c</span><span class=\"ffb\">k<span class=\"fs3\">e unlevered</span><span class=\"ff7 ls4b\">\u201d)</span></span> pari <span class=\"_ _1\"></span><span class=\"lsa\">al<span class=\"ls0\"> <span class=\"ls8\">9,35<span class=\"ls11\">%.<span class=\"_ _5d\"> </span></span></span></span></span>La<span class=\"ls0\"> verifica ha confermato che <span class=\"ls8\">il</span> va<span class=\"_ _2\"></span>lore <span class=\"lsa\">ad</span> e<span class=\"_ _1\"></span>sso attribuito \u00e8 congruo e recuperabile.<span class=\"_ _5d\"> </span></span>La<span class=\"ls0\"> tabella che segue illustra <span class=\"ls8\">le</span> variazioni intervenute nelle <span class=\"ff7\">\u201cAltre</span> attivit\u00e0 <span class=\"ff7\">immateriali\u201d:</span></span><table class=\"s w242 hfd\" id=\"_996ea9f2-a410-4dbc-8444-d279552b413d\"><tr><td class=\"c x1ab ycb2 w85 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1cd ycb2 w86 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Altre </div></td><td class=\"c x1ce ycb2 w87 h4d\"><div class=\"t m0 xcd h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td></tr><tr><td class=\"c x1ab ycb3 w85 h74\"><div class=\"t m0 x15 h9 y2dc ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2023 </div></td><td class=\"c x1cd ycb3 w86 h74\"><div class=\"t m0 x77 h9 y2dc ff2 fs0 fc0 sc0 ls0 ws0\">19.032 </div></td><td class=\"c x1ce ycb3 w87 h74\"><div class=\"t m0 x84 h9 y2dc ff2 fs0 fc0 sc0 ls0 ws0\">19.032 </div></td></tr><tr><td class=\"c x1ab ycb4 w85 h74\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Incrementi </div></td><td class=\"c x1cd ycb4 w86 h74\"><div class=\"t m0 x77 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">24.980 </div></td><td class=\"c x1ce ycb4 w87 h74\"><div class=\"t m0 x84 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">24.980 </div></td></tr><tr><td class=\"c x1ab ycb5 w85 h4d\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi </div></td><td class=\"c x1cd ycb5 w86 h4d\"><div class=\"t m0 x9 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1ce ycb5 w87 h4d\"><div class=\"t m0 xce hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x1ab ycb6 w85 h74\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Ammortamenti </div></td><td class=\"c x1cd ycb6 w86 h74\"><div class=\"t m0 x36 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">(11.340) </div></td><td class=\"c x1ce ycb6 w87 h74\"><div class=\"t m0 xca hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">(11.340) </div></td></tr></table><table class=\"s w248 h100\" id=\"_37c89219-ad47-4fd1-a14e-df065e18c51a\"><tr><td class=\"c x1ab ycc3 w85 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2024 </div></td><td class=\"c x1cd ycc3 w86 h4d\"><div class=\"t m0 x77 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">32.672 </div></td><td class=\"c x1ce ycc3 w87 h4d\"><div class=\"t m0 x84 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">32.672 </div></td></tr><tr><td class=\"c x1ab ycc4 w85 h76\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Incrementi </div></td><td class=\"c x1cd ycc4 w86 h76\"><div class=\"t m0 x77 hf y2dc ff3 fs0 fc0 sc0 ls36 ws0\">25<span class=\"ls0\">.</span>000<span class=\"ls0\"> </span></div></td><td class=\"c x1ce ycc4 w87 h76\"><div class=\"t m0 x84 hf y2dc ff3 fs0 fc0 sc0 ls36 ws0\">25<span class=\"ls0\">.</span>000<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab ycc5 w85 h4d\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi </div></td><td class=\"c x1cd ycc5 w86 h4d\"><div class=\"t m0 x9 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1ce ycc5 w87 h4d\"><div class=\"t m0 xce hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x1ab ycc6 w85 h74\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Ammortamenti </div></td><td class=\"c x1cd ycc6 w86 h74\"><div class=\"t m0 x36 hf y2dc ff3 fs0 fc0 sc0 ls3b ws0\">(1<span class=\"ls0\">6.340</span><span class=\"ls0\">)</span><span class=\"ls0\"> </span></div></td><td class=\"c x1ce ycc6 w87 h74\"><div class=\"t m0 xca hf y2dc ff3 fs0 fc0 sc0 ls3b ws0\">(1<span class=\"ls0\">6.340</span><span class=\"ls0\">)</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab ycc7 w85 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2025 </div></td><td class=\"c x1cd ycc7 w86 h4d\"><div class=\"t m0 x77 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">41<span class=\"ls0\">.</span>332<span class=\"ls0\"> </span></div></td><td class=\"c x1ce ycc7 w87 h4d\"><div class=\"t m0 x84 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">41<span class=\"ls0\">.</span>332<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-446": {
   "value": "(12) Avviamento <span class=\"ls8\">ed</span> altre attivit\u00e0 immateriali<span class=\"_ _5d\"> </span>La<span class=\"ls0\"> <span class=\"_ _27\"></span>voce <span class=\"_ _2a\"></span><span class=\"ff7\">\u201cA<span class=\"_ _2\"></span>vviamento\u201d,</span> <span class=\"_ _2a\"></span>pari <span class=\"_ _27\"></span>a <span class=\"_ _27\"></span>9.806.574 <span class=\"_ _27\"></span>euro, <span class=\"_ _2a\"></span><span class=\"ls3\">si</span> <span class=\"_ _2a\"></span>riferisce<span class=\"_ _2\"></span> <span class=\"_ _27\"></span><span class=\"ff7\">all\u2019operazione</span> <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span>incorporazione <span class=\"_ _27\"></span>della<span class=\"_ _5d\"> </span></span>societ\u00e0 controllata Tamburi &amp; Associati S.p.A. <span class=\"ls8\">in</span> TIP S.p.A. avvenuta <span class=\"ff7\">nell\u2019anno</span> <span class=\"ls8\">2007.<span class=\"_ _5d\"> </span></span>Lo IAS 36 prevede che il valore dell'avviamento, in quanto bene immateriale a vita utile indefinita,<span class=\"_ _5d\"> </span>non <span class=\"_ _28\"></span>sia <span class=\"_ _2a\"></span>ammortizzato <span class=\"_ _28\"></span>ma <span class=\"_ _2a\"></span>soggetto <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>d <span class=\"_ _28\"></span>una <span class=\"_ _28\"></span>ve<span class=\"_ _2\"></span>rifica <span class=\"_ _28\"></span>del <span class=\"_ _28\"></span>valore <span class=\"_ _2a\"></span>da <span class=\"_ _28\"></span>effettuarsi <span class=\"_ _2a\"></span>almeno <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>nnualmente<span class=\"_ _5d\"> </span>(cd. \"<span class=\"ffb\">impairment test\").</span> Il<span class=\"ls0\"> <span class=\"_ _29\"></span>va<span class=\"_ _2\"></span>lore <span class=\"_ _29\"></span>recuperabile<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _29\"></span>stato <span class=\"_ _28\"></span>stimato <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ulla <span class=\"_ _29\"></span>base <span class=\"_ _28\"></span>del <span class=\"_ _29\"></span>valore <span class=\"_ _28\"></span><span class=\"ff7\">d\u2019uso,</span> <span class=\"_ _29\"></span>calcolato <span class=\"_ _28\"></span>assumendo <span class=\"_ _28\"></span><span class=\"ls8\">le</span> <span class=\"_ _29\"></span>seguenti<span class=\"_ _5d\"> </span></span>ipotesi:<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _48\"> </span></span>previs<span class=\"_ _2\"></span>ione dei flussi finanziari perpetui normalizzati <span class=\"ff7\">dell\u2019attivit\u00e0</span> di <span class=\"ffb\">advisory;<span class=\"_ _5d\"> </span></span>-<span class=\"ff6\"> <span class=\"_ _48\"> </span></span>va<span class=\"_ _2\"></span>lore terminale basato <span class=\"ls3\">su</span> <span class=\"ls9\">una</span> <span class=\"ff7\">\u201cperpetuit\u00e0\u201d</span> del 2%;<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _48\"> </span></span>tas<span class=\"_ _2\"></span>so di attualizzazione corrispondente <span class=\"lsa\">al</span> costo del capitale <span class=\"ff7 lsb\">(\u201c</span><span class=\"ffb\">k<span class=\"fs3\">e unlevered</span><span class=\"ff7 ls4b\">\u201d)</span></span> pari <span class=\"_ _1\"></span><span class=\"lsa\">al<span class=\"ls0\"> <span class=\"ls8\">9,35<span class=\"ls11\">%.<span class=\"_ _5d\"> </span></span></span></span></span>La<span class=\"ls0\"> verifica ha confermato che <span class=\"ls8\">il</span> va<span class=\"_ _2\"></span>lore <span class=\"lsa\">ad</span> e<span class=\"_ _1\"></span>sso attribuito \u00e8 congruo e recuperabile.<span class=\"_ _5d\"> </span></span>La<span class=\"ls0\"> tabella che segue illustra <span class=\"ls8\">le</span> variazioni intervenute nelle <span class=\"ff7\">\u201cAltre</span> attivit\u00e0 <span class=\"ff7\">immateriali\u201d:</span></span><table class=\"s w242 hfd\" id=\"_996ea9f2-a410-4dbc-8444-d279552b413d\"><tr><td class=\"c x1ab ycb2 w85 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1cd ycb2 w86 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Altre </div></td><td class=\"c x1ce ycb2 w87 h4d\"><div class=\"t m0 xcd h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td></tr><tr><td class=\"c x1ab ycb3 w85 h74\"><div class=\"t m0 x15 h9 y2dc ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2023 </div></td><td class=\"c x1cd ycb3 w86 h74\"><div class=\"t m0 x77 h9 y2dc ff2 fs0 fc0 sc0 ls0 ws0\">19.032 </div></td><td class=\"c x1ce ycb3 w87 h74\"><div class=\"t m0 x84 h9 y2dc ff2 fs0 fc0 sc0 ls0 ws0\">19.032 </div></td></tr><tr><td class=\"c x1ab ycb4 w85 h74\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Incrementi </div></td><td class=\"c x1cd ycb4 w86 h74\"><div class=\"t m0 x77 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">24.980 </div></td><td class=\"c x1ce ycb4 w87 h74\"><div class=\"t m0 x84 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">24.980 </div></td></tr><tr><td class=\"c x1ab ycb5 w85 h4d\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi </div></td><td class=\"c x1cd ycb5 w86 h4d\"><div class=\"t m0 x9 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1ce ycb5 w87 h4d\"><div class=\"t m0 xce hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x1ab ycb6 w85 h74\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Ammortamenti </div></td><td class=\"c x1cd ycb6 w86 h74\"><div class=\"t m0 x36 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">(11.340) </div></td><td class=\"c x1ce ycb6 w87 h74\"><div class=\"t m0 xca hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">(11.340) </div></td></tr></table><div class=\"gs5\"><table class=\"s w248 h100\" id=\"_37c89219-ad47-4fd1-a14e-df065e18c51a\"><tr><td class=\"c x1ab ycc3 w85 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2024 </div></td><td class=\"c x1cd ycc3 w86 h4d\"><div class=\"t m0 x77 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">32.672 </div></td><td class=\"c x1ce ycc3 w87 h4d\"><div class=\"t m0 x84 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">32.672 </div></td></tr><tr><td class=\"c x1ab ycc4 w85 h76\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Incrementi </div></td><td class=\"c x1cd ycc4 w86 h76\"><div class=\"t m0 x77 hf y2dc ff3 fs0 fc0 sc0 ls36 ws0\">25<span class=\"ls0\">.</span>000<span class=\"ls0\"> </span></div></td><td class=\"c x1ce ycc4 w87 h76\"><div class=\"t m0 x84 hf y2dc ff3 fs0 fc0 sc0 ls36 ws0\">25<span class=\"ls0\">.</span>000<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab ycc5 w85 h4d\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi </div></td><td class=\"c x1cd ycc5 w86 h4d\"><div class=\"t m0 x9 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1ce ycc5 w87 h4d\"><div class=\"t m0 xce hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x1ab ycc6 w85 h74\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Ammortamenti </div></td><td class=\"c x1cd ycc6 w86 h74\"><div class=\"t m0 x36 hf y2dc ff3 fs0 fc0 sc0 ls3b ws0\">(1<span class=\"ls0\">6.340</span><span class=\"ls0\">)</span><span class=\"ls0\"> </span></div></td><td class=\"c x1ce ycc6 w87 h74\"><div class=\"t m0 xca hf y2dc ff3 fs0 fc0 sc0 ls3b ws0\">(1<span class=\"ls0\">6.340</span><span class=\"ls0\">)</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab ycc7 w85 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2025 </div></td><td class=\"c x1cd ycc7 w86 h4d\"><div class=\"t m0 x77 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">41<span class=\"ls0\">.</span>332<span class=\"ls0\"> </span></div></td><td class=\"c x1ce ycc7 w87 h4d\"><div class=\"t m0 x84 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">41<span class=\"ls0\">.</span>332<span class=\"ls0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-473": {
   "value": "(12) Avviamento <span class=\"ls8\">ed</span> altre attivit\u00e0 immateriali<span class=\"_ _5d\"> </span>La<span class=\"ls0\"> <span class=\"_ _27\"></span>voce <span class=\"_ _2a\"></span><span class=\"ff7\">\u201cA<span class=\"_ _2\"></span>vviamento\u201d,</span> <span class=\"_ _2a\"></span>pari <span class=\"_ _27\"></span>a <span class=\"_ _27\"></span>9.806.574 <span class=\"_ _27\"></span>euro, <span class=\"_ _2a\"></span><span class=\"ls3\">si</span> <span class=\"_ _2a\"></span>riferisce<span class=\"_ _2\"></span> <span class=\"_ _27\"></span><span class=\"ff7\">all\u2019operazione</span> <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span>incorporazione <span class=\"_ _27\"></span>della<span class=\"_ _5d\"> </span></span>societ\u00e0 controllata Tamburi &amp; Associati S.p.A. <span class=\"ls8\">in</span> TIP S.p.A. avvenuta <span class=\"ff7\">nell\u2019anno</span> <span class=\"ls8\">2007.<span class=\"_ _5d\"> </span></span>Lo IAS 36 prevede che il valore dell'avviamento, in quanto bene immateriale a vita utile indefinita,<span class=\"_ _5d\"> </span>non <span class=\"_ _28\"></span>sia <span class=\"_ _2a\"></span>ammortizzato <span class=\"_ _28\"></span>ma <span class=\"_ _2a\"></span>soggetto <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>d <span class=\"_ _28\"></span>una <span class=\"_ _28\"></span>ve<span class=\"_ _2\"></span>rifica <span class=\"_ _28\"></span>del <span class=\"_ _28\"></span>valore <span class=\"_ _2a\"></span>da <span class=\"_ _28\"></span>effettuarsi <span class=\"_ _2a\"></span>almeno <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>nnualmente<span class=\"_ _5d\"> </span>(cd. \"<span class=\"ffb\">impairment test\").</span> Il<span class=\"ls0\"> <span class=\"_ _29\"></span>va<span class=\"_ _2\"></span>lore <span class=\"_ _29\"></span>recuperabile<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _29\"></span>stato <span class=\"_ _28\"></span>stimato <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ulla <span class=\"_ _29\"></span>base <span class=\"_ _28\"></span>del <span class=\"_ _29\"></span>valore <span class=\"_ _28\"></span><span class=\"ff7\">d\u2019uso,</span> <span class=\"_ _29\"></span>calcolato <span class=\"_ _28\"></span>assumendo <span class=\"_ _28\"></span><span class=\"ls8\">le</span> <span class=\"_ _29\"></span>seguenti<span class=\"_ _5d\"> </span></span>ipotesi:<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _48\"> </span></span>previs<span class=\"_ _2\"></span>ione dei flussi finanziari perpetui normalizzati <span class=\"ff7\">dell\u2019attivit\u00e0</span> di <span class=\"ffb\">advisory;<span class=\"_ _5d\"> </span></span>-<span class=\"ff6\"> <span class=\"_ _48\"> </span></span>va<span class=\"_ _2\"></span>lore terminale basato <span class=\"ls3\">su</span> <span class=\"ls9\">una</span> <span class=\"ff7\">\u201cperpetuit\u00e0\u201d</span> del 2%;<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _48\"> </span></span>tas<span class=\"_ _2\"></span>so di attualizzazione corrispondente <span class=\"lsa\">al</span> costo del capitale <span class=\"ff7 lsb\">(\u201c</span><span class=\"ffb\">k<span class=\"fs3\">e unlevered</span><span class=\"ff7 ls4b\">\u201d)</span></span> pari <span class=\"_ _1\"></span><span class=\"lsa\">al<span class=\"ls0\"> <span class=\"ls8\">9,35<span class=\"ls11\">%.<span class=\"_ _5d\"> </span></span></span></span></span>La<span class=\"ls0\"> verifica ha confermato che <span class=\"ls8\">il</span> va<span class=\"_ _2\"></span>lore <span class=\"lsa\">ad</span> e<span class=\"_ _1\"></span>sso attribuito \u00e8 congruo e recuperabile.<span class=\"_ _5d\"> </span></span>La<span class=\"ls0\"> tabella che segue illustra <span class=\"ls8\">le</span> variazioni intervenute nelle <span class=\"ff7\">\u201cAltre</span> attivit\u00e0 <span class=\"ff7\">immateriali\u201d:</span></span><table class=\"s w242 hfd\" id=\"_996ea9f2-a410-4dbc-8444-d279552b413d\"><tr><td class=\"c x1ab ycb2 w85 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1cd ycb2 w86 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Altre </div></td><td class=\"c x1ce ycb2 w87 h4d\"><div class=\"t m0 xcd h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td></tr><tr><td class=\"c x1ab ycb3 w85 h74\"><div class=\"t m0 x15 h9 y2dc ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2023 </div></td><td class=\"c x1cd ycb3 w86 h74\"><div class=\"t m0 x77 h9 y2dc ff2 fs0 fc0 sc0 ls0 ws0\">19.032 </div></td><td class=\"c x1ce ycb3 w87 h74\"><div class=\"t m0 x84 h9 y2dc ff2 fs0 fc0 sc0 ls0 ws0\">19.032 </div></td></tr><tr><td class=\"c x1ab ycb4 w85 h74\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Incrementi </div></td><td class=\"c x1cd ycb4 w86 h74\"><div class=\"t m0 x77 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">24.980 </div></td><td class=\"c x1ce ycb4 w87 h74\"><div class=\"t m0 x84 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">24.980 </div></td></tr><tr><td class=\"c x1ab ycb5 w85 h4d\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi </div></td><td class=\"c x1cd ycb5 w86 h4d\"><div class=\"t m0 x9 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1ce ycb5 w87 h4d\"><div class=\"t m0 xce hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x1ab ycb6 w85 h74\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Ammortamenti </div></td><td class=\"c x1cd ycb6 w86 h74\"><div class=\"t m0 x36 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">(11.340) </div></td><td class=\"c x1ce ycb6 w87 h74\"><div class=\"t m0 xca hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">(11.340) </div></td></tr></table><table class=\"s w248 h100\" id=\"_37c89219-ad47-4fd1-a14e-df065e18c51a\"><tr><td class=\"c x1ab ycc3 w85 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2024 </div></td><td class=\"c x1cd ycc3 w86 h4d\"><div class=\"t m0 x77 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">32.672 </div></td><td class=\"c x1ce ycc3 w87 h4d\"><div class=\"t m0 x84 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">32.672 </div></td></tr><tr><td class=\"c x1ab ycc4 w85 h76\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Incrementi </div></td><td class=\"c x1cd ycc4 w86 h76\"><div class=\"t m0 x77 hf y2dc ff3 fs0 fc0 sc0 ls36 ws0\">25<span class=\"ls0\">.</span>000<span class=\"ls0\"> </span></div></td><td class=\"c x1ce ycc4 w87 h76\"><div class=\"t m0 x84 hf y2dc ff3 fs0 fc0 sc0 ls36 ws0\">25<span class=\"ls0\">.</span>000<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab ycc5 w85 h4d\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Decrementi </div></td><td class=\"c x1cd ycc5 w86 h4d\"><div class=\"t m0 x9 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1ce ycc5 w87 h4d\"><div class=\"t m0 xce hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x1ab ycc6 w85 h74\"><div class=\"t m0 x15 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">Ammortamenti </div></td><td class=\"c x1cd ycc6 w86 h74\"><div class=\"t m0 x36 hf y2dc ff3 fs0 fc0 sc0 ls3b ws0\">(1<span class=\"ls0\">6.340</span><span class=\"ls0\">)</span><span class=\"ls0\"> </span></div></td><td class=\"c x1ce ycc6 w87 h74\"><div class=\"t m0 xca hf y2dc ff3 fs0 fc0 sc0 ls3b ws0\">(1<span class=\"ls0\">6.340</span><span class=\"ls0\">)</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab ycc7 w85 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Valore netto al 31 dicembr<span class=\"_ _2\"></span>e 2025 </div></td><td class=\"c x1cd ycc7 w86 h4d\"><div class=\"t m0 x77 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">41<span class=\"ls0\">.</span>332<span class=\"ls0\"> </span></div></td><td class=\"c x1ce ycc7 w87 h4d\"><div class=\"t m0 x84 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">41<span class=\"ls0\">.</span>332<span class=\"ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-447": {
   "value": "(13)Partecipazioni valutate a FVOCI La<span class=\"ls0\"> voce <span class=\"ls3\">si</span> riferisce a partecipazioni di minoranza <span class=\"ls8\">in</span> societ\u00e0 quotate e non quotate. </span><table class=\"s w247 hff\" id=\"_243ac332-0f91-46cc-91dc-820249e65bf5\"><tr><td class=\"c x189 ycbf w7c h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro <span class=\"_ _38\"> </span> </div></td><td class=\"c x1c8 ycbf w88 h4d\"><div class=\"t m0 x76 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span><span class=\"ff3\"> </span></div></td><td class=\"c x1d5 ycbf w89 h4d\"><div class=\"t m0 x76 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 ycc0 w7c h73\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Partecipazioni <span class=\"ls4a\">in</span> socie<span class=\"_ _2\"></span>t\u00e0 quotate<span class=\"_ _2\"></span> </div></td><td class=\"c x1c8 ycc0 w88 h73\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">241<span class=\"ls0\">.</span>330<span class=\"ls0\">.</span>746<span class=\"ls0\"> </span></div></td><td class=\"c x1d5 ycc0 w89 h73\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">372.827.945 </div></td></tr><tr><td class=\"c x189 ycc1 w7c h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Partecipazioni in societ\u00e0 <span class=\"_ _2\"></span>non quotate </div></td><td class=\"c x1c8 ycc1 w88 h4e\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">523<span class=\"ls0\">.</span>632<span class=\"ls0\">.</span>390<span class=\"ls0\"> </span></div></td><td class=\"c x1d5 ycc1 w89 h4e\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">401<span class=\"ls0\">.</span>748<span class=\"ls0\">.</span>249<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 ycc2 w7c h4e\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1c8 ycc2 w88 h4e\"><div class=\"t m0 xaf h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">7<span class=\"ls36\">64</span>.<span class=\"ls36\">963</span>.<span class=\"ls34\">136</span> </div></td><td class=\"c x1d5 ycc2 w89 h4e\"><div class=\"t m0 xaf h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">7<span class=\"ls36\">74</span>.<span class=\"ls36\">576</span>.<span class=\"ls34\">194</span> </div></td></tr></table>I movimenti delle partecipazioni valutate a FVOCI sono riportati <span class=\"ff7\">nell\u2019allegato</span> <span class=\"ls8\">2.</span>  Nel <span class=\"_ _2\"></span><span class=\"ls8\">2025,</span> <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>seguito <span class=\"_ _29\"></span>della <span class=\"_ _29\"></span>revoca <span class=\"_ _2\"></span>dalla <span class=\"_ _29\"></span>quotazione, <span class=\"_ _29\"></span><span class=\"ls8\">la</span> <span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>rtecipazione <span class=\"_ _29\"></span><span class=\"ls8\">in</span> <span class=\"_ _2\"></span>Monrif <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _29\"></span>stata <span class=\"_ _29\"></span>riclassificata da quotata a non quotata. La<span class=\"ls0\"> <span class=\"_ _29\"></span>composizione<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>delle <span class=\"_ _29\"></span>metodologie<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>valutazione <span class=\"_ _29\"></span>del<span class=\"_ _2\"></span>le <span class=\"_ _29\"></span>partecipazioni <span class=\"_ _29\"></span>va<span class=\"_ _2\"></span>lutate <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>FVOCI <span class=\"_ _29\"></span>rela<span class=\"_ _2\"></span>tive </span>alle partecipazioni <span class=\"ls8\">in</span> societ\u00e0 quotate e non quotate \u00e8 riportata nella tabella di seguito: <table class=\"s w243 hfe\" id=\"_f760000f-009a-41c5-96e5-a5a26405ef06\"><tr><td></td><td class=\"c x1cf ycb7 w244 he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">Societ\u00e0 quotate</div></td><td class=\"c x1d0 ycb7 w245 he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">Societ\u00e0 non quotate<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x189 ycb8 w8a h75\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Metodologia </div></td><td class=\"c x1d1 ycb9 w246 he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">(% sul totale)<span class=\"_ _5d\"> </span></div></td><td class=\"c x1d2 ycb9 w246 he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">(% sul totale)<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x189 ycba w8a h45\"><div class=\"t m0 x15 hf y4e5 ff3 fs0 fc0 sc0 ls0 ws0\">Prezzi quotati su merc<span class=\"_ _2\"></span>ati attivi (livello 1)<span class=\"_ _2\"></span> </div></td><td class=\"c x1d3 ycba w8b h45\"><div class=\"t m0 x54 hf y4e6 ff3 fs0 fc0 sc0 ls36 ws0\">100%<span class=\"ls0\"> </span></div></td><td class=\"c x1d4 ycba w8c h45\"><div class=\"t m0 x83 hf y4e6 ff3 fs0 fc0 sc0 ls0 ws0\">0,0% </div></td></tr><tr><td class=\"c x189 ycbb w8a h45\"><div class=\"t m0 x15 hf y4e5 ff3 fs0 fc0 sc0 ls0 ws0\">Modelli valutativi basati su in<span class=\"_ _2\"></span>put di me<span class=\"_ _2\"></span>rcato (Livello 2)<span class=\"_ _2\"></span> </div></td><td class=\"c x1d3 ycbb w8b h45\"><div class=\"t m0 x83 hf y4e6 ff3 fs0 fc0 sc0 ls0 ws0\">0,0% </div></td><td class=\"c x1d4 ycbb w8c h45\"><div class=\"t m0 x81 hf y4e6 ff3 fs0 fc0 sc0 ls36 ws0\">52<span class=\"ls0\">,6%</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 ycbc w8a h69\"><div class=\"t m0 x15 hf y4e5 ff3 fs0 fc0 sc0 ls0 ws0\">Altre tecniche di valu<span class=\"_ _2\"></span>tazione (livello 3)<span class=\"_ _2\"></span> </div></td><td class=\"c x1d3 ycbc w8b h69\"><div class=\"t m0 x83 hf y4e6 ff3 fs0 fc0 sc0 ls0 ws0\">0,0% </div></td><td class=\"c x1d4 ycbc w8c h69\"><div class=\"t m0 x81 hf y4e6 ff3 fs0 fc0 sc0 ls36 ws0\">47<span class=\"ls0\">,1%</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 ycbd w8a h73\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Costo di acquisizione<span class=\"_ _2\"></span> </div></td><td class=\"c x1d3 ycbd w8b h73\"><div class=\"t m0 x83 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0,0% </div></td><td class=\"c x1d4 ycbd w8c h73\"><div class=\"t m0 x83 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0,3% </div></td></tr><tr><td class=\"c x189 ycbe w8a h45\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale  </div></td><td class=\"c x1d3 ycbe w8b h45\"><div class=\"t m0 xbd h9 y4e5 ff2 fs0 fc0 sc0 ls0 ws0\">100,0% </div></td><td class=\"c x1d4 ycbe w8c h45\"><div class=\"t m0 xbd h9 y4e5 ff2 fs0 fc0 sc0 ls0 ws0\">100,0% </div></td></tr></table>Le <span class=\"_ _25\"> </span>tecnic<span class=\"_ _2\"></span>he <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>valutazione <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>livello <span class=\"_ _25\"> </span>3 <span class=\"_ _19\"> </span>sono <span class=\"_ _25\"> </span>state <span class=\"_ _25\"> </span>a<span class=\"_ _2\"></span>dottate <span class=\"_ _25\"> </span>in <span class=\"_ _19\"> </span>mancanza <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>adeguati <span class=\"_ _25\"> </span>parametri osservabili <span class=\"_ _2\"></span>sul <span class=\"_ _2\"></span>mercato <span class=\"_ _2\"></span>e sono <span class=\"_ _2\"></span>riferite principa<span class=\"_ _2\"></span>lmente <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>valutazioni <span class=\"_ _2\"></span>basate su <span class=\"_ _2\"></span>previsioni <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>fluss<span class=\"_ _2\"></span>i di cassa <span class=\"_ _1\"></span>e di <span class=\"_ _23\"></span>risultati di <span class=\"_ _23\"></span>conto economico. <span class=\"_ _23\"></span>I flussi <span class=\"_ _23\"></span>di cassa e <span class=\"_ _23\"></span>i risultati <span class=\"_ _23\"></span>di conto <span class=\"_ _23\"></span>economico utilizzati p<span class=\"_ _23\"></span>er le <span class=\"_ _27\"></span>valutazioni <span class=\"_ _2a\"></span>sono <span class=\"_ _27\"></span>quelli <span class=\"_ _2a\"></span>elaborati <span class=\"_ _27\"></span>dalle <span class=\"_ _2a\"></span>s<span class=\"_ _2\"></span>ociet\u00e0 <span class=\"_ _2a\"></span>oggetto <span class=\"_ _27\"></span>di <span class=\"_ _2a\"></span>valutazione. <span class=\"_ _27\"></span>I <span class=\"_ _2a\"></span>tassi <span class=\"_ _27\"></span>di <span class=\"_ _2a\"></span>attualizzazi<span class=\"_ _2\"></span>one utilizzati <span class=\"_ _27\"></span>sono <span class=\"_ _22\"> </span>basati <span class=\"_ _27\"></span>su <span class=\"_ _22\"> </span>primarie <span class=\"_ _27\"></span>analisi <span class=\"_ _27\"></span>settoriali. <span class=\"_ _27\"></span>Ta<span class=\"_ _2\"></span>li <span class=\"_ _27\"></span>valutazioni <span class=\"_ _27\"></span>sono <span class=\"_ _22\"> </span>sottoposte <span class=\"_ _27\"></span>ad <span class=\"_ _27\"></span>analisi <span class=\"_ _22\"> </span>di sensitivit\u00e0 <span class=\"_ _27\"></span>basata <span class=\"_ _22\"> </span>sulla <span class=\"_ _27\"></span>variazione <span class=\"_ _27\"></span>(negativa) <span class=\"_ _22\"> </span>delle <span class=\"_ _27\"></span>grandezze <span class=\"_ _27\"></span>economiche <span class=\"_ _27\"></span>applicate <span class=\"_ _22\"></span>ai <span class=\"_ _27\"></span>multipli <span class=\"_ _27\"></span>di riferimento entro intervalli ragionevoli. In <span class=\"_ _2a\"></span>linea <span class=\"_ _27\"></span>con <span class=\"_ _2a\"></span>le <span class=\"_ _27\"></span>raccomandazioni <span class=\"_ _27\"></span>ESMA <span class=\"_ _2a\"></span>gli <span class=\"_ _27\"></span>effetti <span class=\"_ _2a\"></span>diretti <span class=\"_ _2a\"></span>ed <span class=\"_ _27\"></span>indiretti <span class=\"_ _2a\"></span>del <span class=\"_ _27\"></span>cambiamento <span class=\"_ _2a\"></span>clima<span class=\"_ _2\"></span>tico nonch\u00e9 del <span class=\"_ _23\"></span>conflitto in <span class=\"_ _23\"></span>Ucraina e delle <span class=\"_ _23\"></span>tensioni in M<span class=\"_ _1\"></span>edio Oriente <span class=\"_ _23\"></span>sono stati <span class=\"_ _1\"></span>presi in <span class=\"_ _23\"></span>considerazione nell\u2019ambito <span class=\"_ _29\"></span>della <span class=\"_ _2\"></span>determinazione <span class=\"_ _29\"></span>dei <span class=\"_ _29\"></span><span class=\"ffb\">fair <span class=\"_ _29\"></span>value<span class=\"ff3\"> <span class=\"_ _29\"></span>delle <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _29\"></span>non <span class=\"_ _2\"></span>quotate. <span class=\"_ _29\"></span>Nello <span class=\"_ _2\"></span>spec<span class=\"_ _2\"></span>ifico <span class=\"_ _2\"></span>non <span class=\"_ _29\"></span>sono </span></span>emersi <span class=\"_ _19\"> </span>effett<span class=\"_ _1\"></span>i <span class=\"_ _25\"> </span>particola<span class=\"_ _2\"></span>rmente <span class=\"_ _25\"> </span>significativi <span class=\"_ _19\"> </span>per <span class=\"_ _25\"> </span>le <span class=\"_ _25\"> </span>partecipazi<span class=\"_ _2\"></span>oni <span class=\"_ _25\"> </span>detenute<span class=\"_ _2\"></span>; <span class=\"_ _25\"> </span>qualcuna <span class=\"_ _19\"> </span>potr\u00e0 <span class=\"_ _25\"> </span>forse risentire <span class=\"_ _22\"> </span>dell\u2019eventuale <span class=\"_ _22\"> </span>incremento <span class=\"_ _22\"> </span>del <span class=\"_ _22\"> </span>prezzo <span class=\"_ _22\"> </span>delle <span class=\"_ _22\"> </span>materie <span class=\"_ _22\"> </span>prime <span class=\"_ _22\"> </span>e <span class=\"_ _25\"> </span>dell\u2019energia<span class=\"ff3\"> <span class=\"_ _25\"> </span>ma <span class=\"_ _22\"> </span>si <span class=\"_ _22\"> </span>tratta <span class=\"_ _22\"> </span>di </span>fenomeni <span class=\"_ _29\"></span>ben <span class=\"_ _29\"></span>monitorati<span class=\"ff7\">. <span class=\"_ _29\"></span>Nell\u2019ambito <span class=\"_ _29\"></span>dell\u2019utilizzo <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>tecniche <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>valutazione <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>livello <span class=\"_ _29\"></span>3, <span class=\"_ _29\"></span>adottate </span>in <span class=\"_ _27\"></span>manca<span class=\"_ _2\"></span>nza <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>adeguati <span class=\"_ _27\"></span>parametri <span class=\"_ _22\"> </span>osservabili <span class=\"_ _27\"></span>sul <span class=\"_ _22\"> </span>mercato, <span class=\"_ _27\"></span>riferite <span class=\"_ _22\"> </span>principalmente <span class=\"_ _27\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _27\"></span>valutazi<span class=\"_ _2\"></span>oni basate s<span class=\"_ _2\"></span>u previsioni <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>flussi di <span class=\"_ _2\"></span>cassa e <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>risultati di <span class=\"_ _2\"></span>conto e<span class=\"_ _2\"></span>conomico, <span class=\"_ _2\"></span>tali <span class=\"_ _2\"></span>aspetti sono <span class=\"_ _2\"></span>ricompresi nei <span class=\"_ _19\"> </span>flussi  di <span class=\"_ _19\"> </span>cassa <span class=\"_ _19\"> </span>attesi. <span class=\"_ _19\"> </span>Al  momento <span class=\"_ _19\"> </span>non <span class=\"_ _19\"> </span>si <span class=\"_ _19\"> </span>sono <span class=\"_ _12\"> </span>registrati <span class=\"_ _19\"> </span>impatti <span class=\"_ _12\"> </span>significativi <span class=\"_ _19\"> </span>conseguenti all\u2019introduzione <span class=\"_ _1\"></span>di <span class=\"_ _23\"></span>dazi<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>da <span class=\"_ _1\"></span>parte <span class=\"_ _23\"></span>degli Stati <span class=\"_ _23\"></span>Uniti, il <span class=\"_ _23\"></span>tema <span class=\"_ _23\"></span>viene costantemente <span class=\"_ _24\"></span>monitorato anche <span class=\"_ _23\"></span>per valutarne eventuali impatti futuri. Con <span class=\"_ _2a\"></span>specifico <span class=\"_ _2a\"></span>riguardo <span class=\"_ _27\"></span>alla <span class=\"_ _28\"></span>principa<span class=\"_ _2\"></span>le <span class=\"_ _2a\"></span>valutazione <span class=\"_ _2a\"></span>effettuata <span class=\"_ _2a\"></span>con <span class=\"_ _27\"></span>metodologie <span class=\"_ _28\"></span>di <span class=\"_ _27\"></span>livello <span class=\"_ _2a\"></span>3, <span class=\"_ _2a\"></span>essa <span class=\"_ _2a\"></span>\u00e8 supportata <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>una<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>precedente <span class=\"_ _2\"></span>valutazione <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span><span class=\"ffb\">fa<span class=\"_ _2\"></span>ir <span class=\"_ _2\"></span>value</span> <span class=\"_ _2\"></span>bas<span class=\"_ _2\"></span>ata <span class=\"_ _2\"></span>su <span class=\"_ _2\"></span>una<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>transazione <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>mercato, <span class=\"_ _29\"></span>di <span class=\"_ _2\"></span>cui costituisce <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>fatto <span class=\"_ _28\"></span>l\u2019aggiornamento. <span class=\"_ _28\"></span>I <span class=\"_ _28\"></span>piani <span class=\"_ _28\"></span>utilizzati <span class=\"_ _28\"></span>per <span class=\"_ _28\"></span>la <span class=\"_ _28\"></span>va<span class=\"_ _2\"></span>lutazione <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ono <span class=\"_ _29\"></span>coerenti <span class=\"_ _2a\"></span>con <span class=\"_ _28\"></span>il <span class=\"_ _27\"></span><span class=\"ffb\">trend<span class=\"ff3\"> </span></span>storico <span class=\"_ _48\"> </span>dei <span class=\"_ _48\"> </span>risultati <span class=\"_ _26\"> </span>della <span class=\"_ _48\"> </span>societ\u00e0 <span class=\"_ _48\"> </span>oggetto <span class=\"_ _26\"> </span>di <span class=\"_ _48\"> </span>valutazione <span class=\"_ _48\"> </span>e <span class=\"_ _48\"> </span>con <span class=\"_ _48\"> </span>l\u2019andamento <span class=\"_ _26\"> </span>del <span class=\"_ _48\"> </span>merca<span class=\"_ _2\"></span>to <span class=\"_ _26\"> </span>di riferimento, di cui la societ\u00e0 \u00e8 leader a livello mondiale. Le <span class=\"_ _2\"></span>ana<span class=\"_ _2\"></span>lisi <span class=\"_ _29\"></span>di <span class=\"_ _2\"></span>sensitivit\u00e0, <span class=\"_ _29\"></span>basate <span class=\"_ _29\"></span>sulla <span class=\"_ _29\"></span>variazione <span class=\"_ _29\"></span>(negativa) <span class=\"_ _2\"></span>delle <span class=\"_ _29\"></span>grandez<span class=\"_ _2\"></span>ze <span class=\"_ _2\"></span>economiche <span class=\"_ _29\"></span>applicate <span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>i multipli di riferimento entro intervalli ragionevoli, applicate a<span class=\"_ _2\"></span>lle valutazioni di livello 3, non hanno evidenziato indicazioni di <span class=\"ffb\">impairment</span>. Il <span class=\"_ _27\"></span>gruppo <span class=\"_ _27\"></span>TIP <span class=\"_ _27\"></span>detiene <span class=\"_ _27\"></span>al <span class=\"_ _27\"></span>31 <span class=\"_ _27\"></span>dicembre <span class=\"_ _22\"> </span>2025 <span class=\"_ _27\"></span>alcune <span class=\"_ _27\"></span>partecipazioni <span class=\"_ _27\"></span>(Apoteca <span class=\"_ _27\"></span>Natura <span class=\"_ _27\"></span>Investment, Buzzoole, <span class=\"_ _2a\"></span>DV <span class=\"_ _27\"></span>Holding, <span class=\"_ _2a\"></span>Mulan <span class=\"_ _2a\"></span>Holding <span class=\"_ _27\"></span>e <span class=\"_ _2a\"></span>Simbiosi<span class=\"_ _2\"></span>) <span class=\"_ _2a\"></span>che<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>non <span class=\"_ _27\"></span>sono <span class=\"_ _2a\"></span>state <span class=\"_ _2a\"></span>qualificate <span class=\"_ _27\"></span>quali <span class=\"_ _2a\"></span>societ\u00e0 collegate, <span class=\"_ _2\"></span>pur <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>presenza di <span class=\"_ _29\"></span>una <span class=\"_ _2\"></span>quota <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>partecipazione, <span class=\"_ _2\"></span>diretta <span class=\"_ _2\"></span>o <span class=\"_ _2\"></span>indiretta, <span class=\"_ _2\"></span>superiore <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>20% <span class=\"_ _2\"></span>e/o di altri indicatori che farebbero propendere per l\u2019e<span class=\"_ _2\"></span>sistenza di influenza<span class=\"_ _2\"></span> significativa, in quanto non risultano <span class=\"_ _29\"></span>in <span class=\"_ _28\"></span>grado <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>fornire <span class=\"_ _28\"></span>informazioni <span class=\"_ _28\"></span>finanziarie <span class=\"_ _28\"></span>periodiche <span class=\"_ _28\"></span>tali <span class=\"_ _29\"></span>da <span class=\"_ _28\"></span>consentire <span class=\"_ _28\"></span>al <span class=\"_ _2a\"></span>gruppo <span class=\"_ _28\"></span>TIP l\u2019elaborazione contabile<span class=\"ff3\"> </span>prevista dall\u2019<span class=\"ffb\">equity method</span>. L\u2019indisponibilit\u00e0 di tali informazioni rappresenta una <span class=\"_ _2\"></span>ogg<span class=\"_ _2\"></span>ettiva <span class=\"_ _2\"></span>limitazione <span class=\"_ _29\"></span>all\u2019esercizio <span class=\"_ _29\"></span>dell\u2019influenza <span class=\"_ _2\"></span>significativa <span class=\"_ _29\"></span>e <span class=\"_ _2\"></span>conseguentemente <span class=\"_ _29\"></span>si <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _29\"></span>ritenuto appropriato qualificare tali partecipazioni come investimenti valutati a FVOCI.<span class=\"_ _5d\"> </span>(1<span class=\"ls0\">5) Crediti finanziari valutati al costo ammortizzato correnti e non correnti </span><table class=\"s w251 h10d\" id=\"_ac81f99d-d8b4-4658-a0c8-9bca42c386b4\"><tr><td class=\"c x189 yd4c w8d h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro <span class=\"_ _38\"> </span> </div></td><td class=\"c x1e2 yd4c wa0 h4d\"><div class=\"t m0 x32 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre <span class=\"ls36\">2025</span><span class=\"ls36\"><span class=\"_ _2\"></span></span><span class=\"ff3\"> </span></div></td><td class=\"c x1e3 yd4c wa1 h4d\"><div class=\"t m0 x32 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yd4d w8d h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Crediti finanziari non corre<span class=\"_ _2\"></span>nti valutati al costo ammortiz<span class=\"_ _2\"></span>zato<span class=\"_ _2\"></span> </div></td><td class=\"c x1e2 yd4d wa0 h4e\"><div class=\"t m0 x1d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">3.<span class=\"ls36\">703</span>.<span class=\"ls36\">767</span> </div></td><td class=\"c x1e3 yd4d wa1 h4e\"><div class=\"t m0 x71 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">5.222.318 </div></td></tr><tr><td class=\"c x189 yd4e w8d h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Crediti finanziari c<span class=\"_ _2\"></span>orrenti valutati al costo ammortiz<span class=\"_ _2\"></span>zato<span class=\"_ _2\"></span> </div></td><td class=\"c x1e2 yd4e wa0 h4e\"><div class=\"t m0 x1d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">4.<span class=\"ls36\">364</span>.<span class=\"ls36\">542</span> </div></td><td class=\"c x1e3 yd4e wa1 h4e\"><div class=\"t m0 x71 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2.589.374 </div></td></tr></table>I <span class=\"_ _22\"> </span>crediti <span class=\"_ _22\"> </span>finanziari <span class=\"_ _22\"> </span>calcolati <span class=\"_ _22\"> </span>al <span class=\"_ _22\"> </span>cos<span class=\"_ _2\"></span>to <span class=\"_ _22\"> </span>ammortizzato <span class=\"_ _22\"> </span>non <span class=\"_ _22\"> </span>correnti <span class=\"_ _22\"> </span>si <span class=\"_ _22\"> </span>riferiscono <span class=\"_ _22\"> </span>principalmente <span class=\"_ _22\"> </span>a finanziamenti con rimborso a medio termine<span class=\"_ _2\"></span>. Le principali variazioni del periodo sono dovute alla riclassifica <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>una <span class=\"_ _28\"></span>voce <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>credito <span class=\"_ _28\"></span>da <span class=\"_ _28\"></span>non <span class=\"_ _28\"></span>corrente <span class=\"_ _28\"></span>a <span class=\"_ _28\"></span>corrente, <span class=\"_ _28\"></span>s<span class=\"_ _2\"></span>ulla <span class=\"_ _28\"></span>base <span class=\"_ _29\"></span>del<span class=\"_ _2\"></span>la <span class=\"_ _29\"></span>data <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>sca<span class=\"_ _2\"></span>denza, <span class=\"_ _28\"></span>e all\u2019incasso <span class=\"_ _28\"></span>della <span class=\"_ _28\"></span>quota <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>tanziata <span class=\"_ _28\"></span>nel <span class=\"_ _29\"></span>2024, <span class=\"_ _28\"></span>tra <span class=\"_ _28\"></span>i <span class=\"_ _28\"></span>crediti <span class=\"_ _28\"></span>finanziari <span class=\"_ _28\"></span>correnti, <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>corrispettivo <span class=\"_ _28\"></span>dif<span class=\"_ _2\"></span><span class=\"ff3\">ferito </span>derivante <span class=\"_ _21\"> </span>da <span class=\"_ _26\"> </span>un  acc<span class=\"_ _2\"></span>ordo  di <span class=\"_ _21\"> </span>ve<span class=\"_ _2\"></span>ndita  di  a<span class=\"_ _2\"></span>zioni. <span class=\"_ _26\"> </span><span class=\"ff7\">Nel  2025 <span class=\"_ _26\"> </span>\u00e8  stata <span class=\"_ _26\"> </span>stanziata  l\u2019ultima <span class=\"_ _48\"> </span><span class=\"ffb\">tranche</span></span>  di corrispettivo differito derivante da un accordo di vendita di azioni. (<span class=\"lsa\">19</span>) Attivit\u00e0 finanziarie correnti valutate a FVOCI <table class=\"s w254 h110\" id=\"_2354f799-8b27-4497-a3f9-9b3cb4f883b7\"><tr><td class=\"c x189 yd56 wa8 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro <span class=\"_ _38\"> </span> </div></td><td class=\"c x1e2 yd56 wa9 h4d\"><div class=\"t m0 x32 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\"> 31 dicembre 202<span class=\"_ _2\"></span>5<span class=\"ff3\"> </span></div></td><td class=\"c x1e6 yd56 waa h4d\"><div class=\"t m0 x23 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yd57 wa8 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 finanziarie<span class=\"_ _2\"></span> correnti valutate <span class=\"_ _2\"></span>a FVOCI </div></td><td class=\"c x1e2 yd57 wa9 h4e\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">41<span class=\"ls0\">.</span>735<span class=\"ls0\">.</span>082<span class=\"ls0\"> </span></div></td><td class=\"c x1e6 yd57 waa h4e\"><div class=\"t m0 x72 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">27.575.366 </div></td></tr><tr><td class=\"c x189 yd58 wa8 h4e\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1e2 yd58 wa9 h4e\"><div class=\"t m0 xaf h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">41<span class=\"ls0\">.</span>735<span class=\"ls0\">.</span>082<span class=\"ls0\"> </span></div></td><td class=\"c x1e6 yd58 waa h4e\"><div class=\"t m0 xb1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">27.575.366 </div></td></tr></table>Si<span class=\"ls0\"> tratta <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>finanzia<span class=\"_ _2\"></span>rie <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>derivate <span class=\"_ _2\"></span>costituite <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>investimenti <span class=\"_ _2\"></span></span>in<span class=\"ls0\"> <span class=\"_ _2\"></span>titoli <span class=\"_ _2\"></span>obbligaziona<span class=\"_ _2\"></span>ri <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>titoli </span>di <span class=\"_ _22\"> </span>stato <span class=\"_ _22\"> </span><span class=\"lsa\">al</span> <span class=\"_ _22\"> </span>fine <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>impiego <span class=\"_ _27\"></span>temporaneo<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>liquidit\u00e0. <span class=\"_ _22\"> </span>Alcuni <span class=\"_ _22\"> </span>titoli, <span class=\"_ _22\"> </span>del <span class=\"_ _22\"> </span>valore <span class=\"_ _22\"> </span>complessivo <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>8,3 milioni, sono a collaterale di <span class=\"ls9\">un</span> finanziamento. Allegato 2 <span class=\"ffa\">\u2013</span> Movimenti delle partecipazioni valutate FVOCI  <table class=\"s w2fa h12c\" id=\"_e2e96b42-1393-4555-8e30-b02efaf1ff02\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x296 ye93 w127 hae\"><div class=\"t m0 x11a haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">Esistenza all'1.1.2025 </div></td><td></td><td class=\"c x297 ye93 w128 hae\"><div class=\"t m0 x71 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">    incrementi </div></td><td></td><td class=\"c x298 ye93 w129 hae\"><div class=\"t m0 x88 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">decrementi </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x28b ye94 w125 hb0\"><div class=\"t m0 x15 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">in euro </div></td><td></td><td class=\"c x296 ye94 w12c hb0\"><div class=\"t m0 x2e haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">costo </div></td><td class=\"c x299 ye94 w12d hb0\"><div class=\"t m0 x3a haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">rettifica di </div></td><td class=\"c x29a ye94 w12e hb0\"><div class=\"t m0 x26 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">variazioni </div></td><td class=\"c x29b ye94 w12f hb0\"><div class=\"t m0 x34 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">valore di carico </div></td><td class=\"c x297 ye94 w130 hb0\"><div class=\"t m0 x93 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">acquisti o </div></td><td class=\"c x29c ye94 w131 hb0\"><div class=\"t m0 x2f haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">riclassifiche </div></td><td class=\"c x29d ye94 wc9 hb0\"><div class=\"t m0 x35 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">incrementi </div></td><td class=\"c x298 ye94 w131 hb0\"><div class=\"t m0 x34 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">decrementi </div></td><td class=\"c x29e ye94 w132 hb0\"><div class=\"t m0 x30 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">decrementi </div></td><td class=\"c x29f ye94 w12a hb0\"><div class=\"t m0 x76 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">rigiri di fair </div></td><td class=\"c x2a0 ye94 wfd hb0\"><div class=\"t m0 x2f haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">variazioni </div></td><td class=\"c x2a1 ye94 w12b hb0\"><div class=\"t m0 x92 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">Valore al  </div></td></tr><tr><td class=\"c x28b ye95 w125 hae\"><div class=\"t m0 x15 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">Societ\u00e0 non quotate </div></td><td></td><td class=\"c x296 ye96 w12c hae\"><div class=\"t m0 x26 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">storico </div></td><td class=\"c x299 ye96 w12d hae\"><div class=\"t m0 x93 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">fair value </div></td><td class=\"c x29a ye96 w12e hae\"><div class=\"t m0 x38 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">a CE </div></td><td class=\"c x29b ye96 w12f hae\"><div class=\"t m0 x73 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">fair value </div></td><td class=\"c x297 ye96 w130 hae\"><div class=\"t m0 x2f haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">costituzioni </div></td><td></td><td class=\"c x29d ye96 wc9 hae\"><div class=\"t m0 xa9 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">fair value </div></td><td></td><td class=\"c x29e ye96 w132 hae\"><div class=\"t m0 xa9 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">fair value </div></td><td class=\"c x29f ye96 w12a hae\"><div class=\"t m0 x3a haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">value per realizzi </div></td><td class=\"c x2a0 ye96 wfd hae\"><div class=\"t m0 x30 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">a CE </div></td><td class=\"c x2a1 ye96 w12b hae\"><div class=\"t m0 x2f haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">31/12/2025 </div></td></tr><tr><td class=\"c x28b ye97 w125 hae\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Apoteca Natura Investment S.p.A. </div></td><td></td><td class=\"c x296 ye97 w12c hae\"><div class=\"t m0 x3a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">25.000.000 </div></td><td class=\"c x299 ye97 w12d hae\"><div class=\"t m0 x26 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">513.010 </div></td><td></td><td class=\"c x29b ye97 w12f hae\"><div class=\"t m0 x76 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">25.513.010 </div></td><td></td><td></td><td class=\"c x29d ye97 wc9 hae\"><div class=\"t m0 x38 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">859.025 </div></td><td></td><td></td><td></td><td></td><td class=\"c x2a1 ye97 w12b hae\"><div class=\"t m0 x3a haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">26.372.035 </div></td></tr><tr><td class=\"c x28b ye98 w125 hae\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Azimut|Benetti S.p.A. </div></td><td></td><td class=\"c x296 ye98 w12c hae\"><div class=\"t m0 x3a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">26.123.313 </div></td><td class=\"c x299 ye98 w12d hae\"><div class=\"t m0 x2a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">86.876.687 </div></td><td></td><td class=\"c x29b ye98 w12f hae\"><div class=\"t m0 x30 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">113.000.000 </div></td><td></td><td></td><td class=\"c x29d ye98 wc9 hae\"><div class=\"t m0 x24 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">1.593.531 </div></td><td></td><td></td><td class=\"c x29f ye98 w12a hae\"><div class=\"t m0 x8a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(1.593.531) </div></td><td></td><td class=\"c x2a1 ye98 w12b hae\"><div class=\"t m0 x2f haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">113.000.000 </div></td></tr><tr><td class=\"c x28b ye99 w125 hb0\"><div class=\"t m0 x15 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">Bending Spoons S.p.A. </div></td><td></td><td class=\"c x296 ye99 w12c hb0\"><div class=\"t m0 x3a h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">15.302.107 </div></td><td class=\"c x299 ye99 w12d hb0\"><div class=\"t m0 x2f h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">131.001.622 </div></td><td></td><td class=\"c x29b ye99 w12f hb0\"><div class=\"t m0 x30 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">146.303.729 </div></td><td></td><td></td><td class=\"c x29d ye99 wc9 hb0\"><div class=\"t m0 x30 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">154.745.090 </div></td><td class=\"c x298 ye99 w131 hb0\"><div class=\"t m0 x93 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">(1.357.753) </div></td><td></td><td class=\"c x29f ye99 w12a hb0\"><div class=\"t m0 x73 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">(25.354.248) </div></td><td></td><td class=\"c x2a1 ye99 w12b hb0\"><div class=\"t m0 x2f haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">274.336.819 </div></td></tr><tr><td class=\"c x28b ye9a w125 hae\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Buzzoole Plc. </div></td><td></td><td class=\"c x296 ye9a w12c hae\"><div class=\"t m0 x93 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">5.592.122 </div></td><td class=\"c x299 ye9a w12d hae\"><div class=\"t m0 x3a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(4.752.122) </div></td><td></td><td class=\"c x29b ye9a w12f hae\"><div class=\"t m0 x78 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">840.000 </div></td><td class=\"c x297 ye9a w130 hae\"><div class=\"t m0 xa6 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">300.000 </div></td><td></td><td></td><td></td><td class=\"c x29e ye9a w132 hae\"><div class=\"t m0 x2e h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(1.140.000) </div></td><td></td><td></td><td class=\"c x2a1 ye9a w12b hae\"><div class=\"t m0 x78 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">(0) </div></td></tr><tr><td class=\"c x28b ye9b w125 hb0\"><div class=\"t m0 x15 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">Dv Holding S.p.A. </div></td><td></td><td class=\"c x296 ye9b w12c hb0\"><div class=\"t m0 x3a h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">13.596.812 </div></td><td class=\"c x299 ye9b w12d hb0\"><div class=\"t m0 x2a h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">10.502.107 </div></td><td></td><td class=\"c x29b ye9b w12f hb0\"><div class=\"t m0 x2e haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">24.098.918 </div></td><td></td><td></td><td></td><td></td><td class=\"c x29e ye9b w132 hb0\"><div class=\"t m0 x30 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">(10.502.107) </div></td><td></td><td></td><td class=\"c x2a1 ye9b w12b hb0\"><div class=\"t m0 x2a haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">13.596.812 </div></td></tr><tr><td class=\"c x28b ye9c w125 hb1\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Heroes S..r.l. (Talent Garden S.p.A.) </div></td><td></td><td class=\"c x296 ye9c w12c hb1\"><div class=\"t m0 x93 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">2.544.877 </div></td><td class=\"c x299 ye9c w12d hb1\"><div class=\"t m0 x92 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">9.310.196 </div></td><td></td><td class=\"c x29b ye9c w12f hb1\"><div class=\"t m0 x76 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">11.855.073 </div></td><td class=\"c x297 ye9c w130 hb1\"><div class=\"t m0 x23 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">2.430.000 </div></td><td></td><td></td><td></td><td class=\"c x29e ye9c w132 hb1\"><div class=\"t m0 x2e h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(8.845.388) </div></td><td></td><td></td><td class=\"c x2a1 ye9c w12b hb1\"><div class=\"t m0 x92 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">5.439.685 </div></td></tr><tr><td class=\"c x28b ye9d w125 hae\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Lio Factory S.\u00e0 r.l. </div></td><td></td><td class=\"c x296 ye9d w12c hae\"><div class=\"t m0 x3a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">10.012.688 </div></td><td></td><td></td><td class=\"c x29b ye9d w12f hae\"><div class=\"t m0 x76 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">10.012.688 </div></td><td></td><td></td><td class=\"c x29d ye9d wc9 hae\"><div class=\"t m0 x24 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">7.531.375 </div></td><td></td><td></td><td></td><td></td><td class=\"c x2a1 ye9d w12b hae\"><div class=\"t m0 x3a haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">17.544.063 </div></td></tr><tr><td class=\"c x28b ye9e w125 hae\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Mulan Holding S.r.l. </div></td><td></td><td class=\"c x296 ye9e w12c hae\"><div class=\"t m0 x93 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">7.050.752 </div></td><td class=\"c x299 ye9e w12d hae\"><div class=\"t m0 x92 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">1.349.248 </div></td><td></td><td class=\"c x29b ye9e w12f hae\"><div class=\"t m0 xa9 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">8.400.000 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a1 ye9e w12b hae\"><div class=\"t m0 x92 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">8.400.000 </div></td></tr><tr><td class=\"c x28b ye9f w125 hae\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Simbiosi S.r.l. </div></td><td></td><td class=\"c x296 ye9f w12c hae\"><div class=\"t m0 x3a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">10.082.472 </div></td><td class=\"c x299 ye9f w12d hae\"><div class=\"t m0 x26 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">217.528 </div></td><td></td><td class=\"c x29b ye9f w12f hae\"><div class=\"t m0 x2e haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">10.300.000 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a1 ye9f w12b hae\"><div class=\"t m0 x3a haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">10.300.000 </div></td></tr><tr><td class=\"c x28b yea0 w125 hb0\"><div class=\"t m0 x15 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">Talent Garden S.p.A. </div></td><td></td><td class=\"c x296 yea0 w12c hb0\"><div class=\"t m0 x93 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">8.172.511 </div></td><td class=\"c x299 yea0 w12d hb0\"><div class=\"t m0 x26 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">750.790 </div></td><td></td><td class=\"c x29b yea0 w12f hb0\"><div class=\"t m0 xa9 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">8.923.301 </div></td><td class=\"c x297 yea0 w130 hb0\"><div class=\"t m0 xa6 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">997.705 </div></td><td></td><td></td><td></td><td class=\"c x29e yea0 w132 hb0\"><div class=\"t m0 x2e h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">(5.797.648) </div></td><td></td><td></td><td class=\"c x2a1 yea0 w12b hb0\"><div class=\"t m0 x92 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">4.123.358 </div></td></tr><tr><td class=\"c x28b yea1 w125 hae\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Vianova S.p.A.   </div></td><td></td><td class=\"c x296 yea1 w12c hae\"><div class=\"t m0 x3a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">10.867.774 </div></td><td class=\"c x299 yea1 w12d hae\"><div class=\"t m0 x2a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">29.132.225 </div></td><td></td><td class=\"c x29b yea1 w12f hae\"><div class=\"t m0 x2e haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">40.000.000 </div></td><td></td><td></td><td class=\"c x29d yea1 wc9 hae\"><div class=\"t m0 x24 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">7.000.000 </div></td><td></td><td></td><td></td><td></td><td class=\"c x2a1 yea1 w12b hae\"><div class=\"t m0 x3a haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">47.000.000 </div></td></tr><tr><td class=\"c x28b yea2 w125 hae\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Monrif S.p.A. </div></td><td></td><td></td><td></td><td></td><td class=\"c x29b yea2 w12f hae\"><div class=\"t m0 xb1 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x297 yea2 w130 hae\"><div class=\"t m0 xa6 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">102.961 </div></td><td class=\"c x29c yea2 w131 hae\"><div class=\"t m0 x30 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">754.748 </div></td><td class=\"c x29d yea2 wc9 hae\"><div class=\"t m0 x82 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">60.380 </div></td><td></td><td></td><td></td><td></td><td class=\"c x2a1 yea2 w12b hae\"><div class=\"t m0 x26 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">918.089 </div></td></tr><tr><td class=\"c x28b yea3 w125 hae\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Altre minori e altri strumenti partecipativi </div></td><td></td><td class=\"c x296 yea3 w12c hae\"><div class=\"t m0 x93 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">2.470.407 </div></td><td class=\"c x299 yea3 w12d hae\"><div class=\"t m0 x26 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">131.123 </div></td><td class=\"c x29a yea3 w12e hae\"><div class=\"t m0 x35 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(100.000) </div></td><td class=\"c x29b yea3 w12f hae\"><div class=\"t m0 xa9 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">2.501.530 </div></td><td class=\"c x297 yea3 w130 hae\"><div class=\"t m0 xa6 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">100.000 </div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a0 yea3 wfd hae\"><div class=\"t m0 x38 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x2a1 yea3 w12b hae\"><div class=\"t m0 x92 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">2.601.530 </div></td></tr><tr><td class=\"c x28b yea4 w125 hae\"><div class=\"t m0 x15 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">Totale societ\u00e0 non quotate </div></td><td></td><td class=\"c x296 yea4 w12c hae\"><div class=\"t m0 x2f haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">136.815.835 </div></td><td class=\"c x299 yea4 w12d hae\"><div class=\"t m0 x2f haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">265.032.414 </div></td><td class=\"c x29a yea4 w12e hae\"><div class=\"t m0 x35 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">(100.000) </div></td><td class=\"c x29b yea4 w12f hae\"><div class=\"t m0 x30 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">401.748.249 </div></td><td class=\"c x297 yea4 w130 hae\"><div class=\"t m0 x0 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">3.930.666 </div></td><td class=\"c x29c yea4 w131 hae\"><div class=\"t m0 x30 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">754.748 </div></td><td class=\"c x29d yea4 wc9 hae\"><div class=\"t m0 x35 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">171.789.402 </div></td><td class=\"c x298 yea4 w131 hae\"><div class=\"t m0 x2a haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">(1.357.753) </div></td><td class=\"c x29e yea4 w132 hae\"><div class=\"t m0 xa6 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">(26.285.144) </div></td><td class=\"c x29f yea4 w12a hae\"><div class=\"t m0 x2e haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">(26.947.779) </div></td><td></td><td class=\"c x2a1 yea4 w12b hae\"><div class=\"t m0 x1a haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">523.632.390 </div></td></tr><tr><td class=\"c x28b yea5 w125 hae\"><div class=\"t m0 x15 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">Societ\u00e0 quotate </div></td><td class=\"c x2a2 yea5 w126 hae\"><div class=\"t m0 x3a haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">n. azioni </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x28b yea6 w125 hb0\"><div class=\"t m0 x15 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">Alkemy S.p.A. </div></td><td></td><td class=\"c x296 yea6 w12c hb0\"><div class=\"t m0 x93 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">4.747.074 </div></td><td class=\"c x299 yea6 w12d hb0\"><div class=\"t m0 x32 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">(60.674) </div></td><td></td><td class=\"c x29b yea6 w12f hb0\"><div class=\"t m0 xa9 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">4.686.400 </div></td><td class=\"c x297 yea6 w130 hb0\"><div class=\"t m0 x2e h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">43.705 </div></td><td></td><td class=\"c x29d yea6 wc9 hb0\"><div class=\"t m0 x38 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">163.210 </div></td><td class=\"c x298 yea6 w131 hb0\"><div class=\"t m0 x93 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">(4.790.779) </div></td><td></td><td class=\"c x29f yea6 w12a hb0\"><div class=\"t m0 x85 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">(102.536) </div></td><td></td><td class=\"c x2a1 yea6 w12b hb0\"><div class=\"t m0 x82 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x28b yea7 w125 hae\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Amplifon S.p.A. </div></td><td class=\"c x2a2 yea7 w126 hae\"><div class=\"t m0 x3a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">7.444.415 </div></td><td class=\"c x296 yea7 w12c hae\"><div class=\"t m0 x3a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">62.653.513 </div></td><td class=\"c x299 yea7 w12d hae\"><div class=\"t m0 x2f h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">122.340.200 </div></td><td></td><td class=\"c x29b yea7 w12f hae\"><div class=\"t m0 x30 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">184.993.713 </div></td><td></td><td></td><td></td><td></td><td class=\"c x29e yea7 w132 hae\"><div class=\"t m0 x30 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(82.633.007) </div></td><td></td><td></td><td class=\"c x2a1 yea7 w12b hae\"><div class=\"t m0 x2f haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">102.360.706 </div></td></tr><tr><td class=\"c x28b yea8 w125 hb0\"><div class=\"t m0 x15 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">Basicnet S.p.A. </div></td><td class=\"c x2a2 yea8 w126 hb0\"><div class=\"t m0 x3a h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">2.940.000 </div></td><td class=\"c x296 yea8 w12c hb0\"><div class=\"t m0 x3a h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">14.874.159 </div></td><td class=\"c x299 yea8 w12d hb0\"><div class=\"t m0 x92 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">8.360.519 </div></td><td></td><td class=\"c x29b yea8 w12f hb0\"><div class=\"t m0 x2e haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">23.234.678 </div></td><td></td><td></td><td></td><td class=\"c x298 yea8 w131 hb0\"><div class=\"t m0 xa6 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">(80.840) </div></td><td class=\"c x29e yea8 w132 hb0\"><div class=\"t m0 x2e h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">(1.124.333) </div></td><td class=\"c x29f yea8 w12a hb0\"><div class=\"t m0 x82 h9a y7a9 ff3 fs22 fc0 sc0 ls0 ws0\">(38.306) </div></td><td></td><td class=\"c x2a1 yea8 w12b hb0\"><div class=\"t m0 x2a haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">21.991.200 </div></td></tr><tr><td class=\"c x28b yea9 w125 hae\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Hugo Boss AG </div></td><td></td><td class=\"c x296 yea9 w12c hae\"><div class=\"t m0 x3a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">80.298.115 </div></td><td class=\"c x299 yea9 w12d hae\"><div class=\"t m0 x1a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(31.935.715) </div></td><td></td><td class=\"c x29b yea9 w12f hae\"><div class=\"t m0 x2e haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">48.362.400 </div></td><td></td><td></td><td></td><td class=\"c x298 yea9 w131 hae\"><div class=\"t m0 x34 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(80.298.115) </div></td><td class=\"c x29e yea9 w132 hae\"><div class=\"t m0 x2e h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(6.374.143) </div></td><td class=\"c x29f yea9 w12a hae\"><div class=\"t m0 x2d h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">38.309.858 </div></td><td></td><td class=\"c x2a1 yea9 w12b hae\"><div class=\"t m0 x82 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x28b yeaa w125 hae\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Moncler S.p.A. </div></td><td class=\"c x2a2 yeaa w126 hae\"><div class=\"t m0 x3a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">2.050.000 </div></td><td class=\"c x296 yeaa w12c hae\"><div class=\"t m0 x3a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">32.102.928 </div></td><td class=\"c x299 yeaa w12d hae\"><div class=\"t m0 x2a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">72.406.072 </div></td><td></td><td class=\"c x29b yeaa w12f hae\"><div class=\"t m0 x30 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">104.509.000 </div></td><td></td><td></td><td class=\"c x29d yeaa wc9 hae\"><div class=\"t m0 x24 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">8.077.000 </div></td><td></td><td></td><td></td><td></td><td class=\"c x2a1 yeaa w12b hae\"><div class=\"t m0 x2f haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">112.586.000 </div></td></tr><tr><td class=\"c x28b yeab w125 hb1\"><div class=\"t m0 x15 h9a y7c1 ff3 fs22 fc0 sc0 ls0 ws0\">Zest S.p.A. (gi\u00e0 Digital Magics S.p.A.) </div></td><td class=\"c x2a2 yeab w126 hb1\"><div class=\"t m0 x1a h9a y7c1 ff3 fs22 fc0 sc0 ls0 ws0\">28.203.201 </div></td><td class=\"c x296 yeab w12c hb1\"><div class=\"t m0 x3a h9a y7c1 ff3 fs22 fc0 sc0 ls0 ws0\">12.377.177 </div></td><td class=\"c x299 yeab w12d hb1\"><div class=\"t m0 x3a h9a y7c1 ff3 fs22 fc0 sc0 ls0 ws0\">(8.764.272) </div></td><td></td><td class=\"c x29b yeab w12f hb1\"><div class=\"t m0 xa9 haf y7c1 ff2 fs22 fc0 sc0 ls0 ws0\">3.612.905 </div></td><td class=\"c x297 yeab w130 hb1\"><div class=\"t m0 xa6 h9a y7c1 ff3 fs22 fc0 sc0 ls0 ws0\">740.795 </div></td><td></td><td></td><td></td><td class=\"c x29e yeab w132 hb1\"><div class=\"t m0 x24 h9a y7c1 ff3 fs22 fc0 sc0 ls0 ws0\">(489.860) </div></td><td></td><td></td><td class=\"c x2a1 yeab w12b hb1\"><div class=\"t m0 x92 haf y7c1 ff2 fs22 fc0 sc0 ls0 ws0\">3.863.840 </div></td></tr><tr><td class=\"c x28b yeac w125 hae\"><div class=\"t m0 x15 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">Altre partecipazioni quotate </div></td><td></td><td class=\"c x296 yeac w12c hae\"><div class=\"t m0 x3a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">15.268.521 </div></td><td class=\"c x299 yeac w12d hae\"><div class=\"t m0 x3a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(2.843.512) </div></td><td class=\"c x29a yeac w12e hae\"><div class=\"t m0 x32 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(8.996.161) </div></td><td class=\"c x29b yeac w12f hae\"><div class=\"t m0 xa9 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">3.428.848 </div></td><td></td><td class=\"c x29c yeac w131 hae\"><div class=\"t m0 x32 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(754.748) </div></td><td class=\"c x29d yeac wc9 hae\"><div class=\"t m0 x38 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">872.498 </div></td><td class=\"c x298 yeac w131 hae\"><div class=\"t m0 x93 h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(1.980.000) </div></td><td></td><td class=\"c x29f yeac w12a hae\"><div class=\"t m0 x8a h9a y7a7 ff3 fs22 fc0 sc0 ls0 ws0\">(1.037.598) </div></td><td></td><td class=\"c x2a1 yeac w12b hae\"><div class=\"t m0 x26 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">529.000 </div></td></tr><tr><td class=\"c x28b yead w125 hae\"><div class=\"t m0 x15 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">Totale societ\u00e0 quotate </div></td><td></td><td class=\"c x296 yead w12c hae\"><div class=\"t m0 x1a haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">222.321.487 </div></td><td class=\"c x299 yead w12d hae\"><div class=\"t m0 x2f haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">159.502.618 </div></td><td class=\"c x29a yead w12e hae\"><div class=\"t m0 x32 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">(8.996.161) </div></td><td class=\"c x29b yead w12f hae\"><div class=\"t m0 xa6 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">372.827.945 </div></td><td class=\"c x297 yead w130 hae\"><div class=\"t m0 x30 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">784.501 </div></td><td class=\"c x29c yead w131 hae\"><div class=\"t m0 x23 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">(754.748) </div></td><td class=\"c x29d yead wc9 hae\"><div class=\"t m0 x24 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">9.112.708 </div></td><td class=\"c x298 yead w131 hae\"><div class=\"t m0 x2f haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">(87.149.734) </div></td><td class=\"c x29e yead w132 hae\"><div class=\"t m0 xa6 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">(90.621.343) </div></td><td class=\"c x29f yead w12a hae\"><div class=\"t m0 x2d haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">37.131.418 </div></td><td class=\"c x2a0 yead wfd hae\"><div class=\"t m0 x38 haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x2a1 yead w12b hae\"><div class=\"t m0 x2f haf y7a7 ff2 fs22 fc0 sc0 ls0 ws0\">241.330.746 </div></td></tr><tr><td class=\"c x28b yeae w125 hb0\"><div class=\"t m0 x15 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">Totale partecipazioni </div></td><td></td><td class=\"c x296 yeae w12c hb0\"><div class=\"t m0 x1a haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">359.137.322 </div></td><td class=\"c x299 yeae w12d hb0\"><div class=\"t m0 x2f haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">424.535.033 </div></td><td class=\"c x29a yeae w12e hb0\"><div class=\"t m0 x32 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">(9.096.161) </div></td><td class=\"c x29b yeae w12f hb0\"><div class=\"t m0 x30 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">774.576.194 </div></td><td class=\"c x297 yeae w130 hb0\"><div class=\"t m0 x23 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">4.715.167 </div></td><td class=\"c x29c yeae w131 hb0\"><div class=\"t m0 x31 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x29d yeae wc9 hb0\"><div class=\"t m0 x35 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">180.902.109 </div></td><td class=\"c x298 yeae w131 hb0\"><div class=\"t m0 x2f haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">(88.507.487) </div></td><td class=\"c x29e yeae w132 hb0\"><div class=\"t m0 x32 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">(116.906.486) </div></td><td class=\"c x29f yeae w12a hb0\"><div class=\"t m0 x2d haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">10.183.640 </div></td><td class=\"c x2a0 yeae wfd hb0\"><div class=\"t m0 x38 haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x2a1 yeae w12b hb0\"><div class=\"t m0 x2f haf y7a9 ff2 fs22 fc0 sc0 ls0 ws0\">764.963.136 </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-448": {
   "value": "(1<span class=\"ls0\">4) Partecipazioni in societ\u00e0 collegate valutate con il metodo del patrimonio netto<span class=\"_ _5d\"> </span></span>Le<span class=\"ls0\"> <span class=\"_ _2\"></span>principali <span class=\"_ _2\"></span>variazioni<span class=\"_ _2\"></span> del <span class=\"_ _2\"></span>periodo <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>costituite <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>quote <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>risultato <span class=\"_ _2\"></span>- <span class=\"_ _2\"></span>commentati <span class=\"_ _2\"></span>nella <span class=\"_ _2\"></span>nota <span class=\"_ _2\"></span>8<span class=\"_ _5d\"> </span></span>- <span class=\"_ _28\"></span>da<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>dividendi <span class=\"_ _2a\"></span>percepiti <span class=\"_ _2a\"></span>per <span class=\"_ _2a\"></span>circa <span class=\"_ _2a\"></span><span class=\"ls8\">20</span>,7 <span class=\"_ _2a\"></span>milioni <span class=\"_ _2a\"></span>non <span class=\"_ _2a\"></span>transitati <span class=\"_ _2a\"></span>da<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>conto <span class=\"_ _28\"></span>economico <span class=\"_ _2a\"></span><span class=\"ls10\">ma<span class=\"_ _2\"></span></span> <span class=\"_ _2a\"></span>registrati <span class=\"_ _2a\"></span>a<span class=\"_ _5d\"> </span>riduzione <span class=\"_ _19\"> </span><span class=\"ff7\">del<span class=\"_ _2\"></span>l\u2019investimento</span> <span class=\"_ _19\"> </span>nelle  collegate <span class=\"_ _19\"> </span>e  da <span class=\"_ _19\"> </span>quote <span class=\"_ _19\"> </span>di  variazioni <span class=\"_ _19\"> </span>delle<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>rise<span class=\"_ _2\"></span>rve <span class=\"_ _19\"> </span>delle<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>societ\u00e0<span class=\"_ _5d\"> </span>collegate <span class=\"_ _8\"> </span>negative <span class=\"_ _8\"> </span>per <span class=\"_ _48\"> </span>circa <span class=\"_ _8\"> </span><span class=\"ls8\">21,</span>1 <span class=\"_ _8\"> </span>milioni. <span class=\"_ _48\"> </span>Nel <span class=\"_ _8\"> </span>corso <span class=\"_ _48\"> </span>del<span class=\"_ _2\"></span> <span class=\"_ _48\"> </span>periodo <span class=\"_ _8\"> </span><span class=\"ls3\">si</span> <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _48\"> </span>inoltre <span class=\"_ _48\"> </span>inc<span class=\"_ _2\"></span>rementato<span class=\"_ _5d\"> </span>l\u2019investimento<span class=\"ff3\"> <span class=\"_ _24\"></span><span class=\"ls8\">in<span class=\"ls0\"> <span class=\"_ _23\"></span>Asset <span class=\"_ _24\"></span>Italia <span class=\"_ _24\"></span>S.p.<span class=\"_ _2\"></span>A. <span class=\"_ _24\"></span>per <span class=\"_ _24\"></span>ci<span class=\"_ _2\"></span>rca <span class=\"_ _24\"></span>90,6 <span class=\"_ _24\"></span>milioni,<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>Clubitaly <span class=\"_ _23\"></span>per <span class=\"_ _24\"></span>circa <span class=\"_ _23\"></span><span class=\"ls8\">3,3<span class=\"ls0\"> <span class=\"_ _24\"></span>milioni, <span class=\"_ _24\"></span>E<span class=\"_ _2\"></span>lica <span class=\"_ _24\"></span>S.p.A.<span class=\"_ _5d\"> </span></span></span></span></span></span>per circa <span class=\"ls8\">1,3</span> milioni e Roche Bobois S.A. per circa <span class=\"lsd\">0,</span>2 milioni.<span class=\"_ _5d\"> </span>Per <span class=\"_ _2a\"></span>maggiori <span class=\"_ _27\"></span>dettagli <span class=\"_ _2a\"></span>s<span class=\"_ _2\"></span>ulla <span class=\"_ _2a\"></span>movimentazione<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>della <span class=\"_ _27\"></span>voce <span class=\"_ _2a\"></span><span class=\"ls3\">si</span> <span class=\"_ _2a\"></span>rimanda <span class=\"_ _27\"></span>a <span class=\"_ _2a\"></span>qua<span class=\"_ _2\"></span>nto <span class=\"_ _2a\"></span>descritto <span class=\"_ _2a\"></span>a<span class=\"_ _2\"></span>lla <span class=\"_ _2a\"></span>nota<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>8<span class=\"_ _5d\"> </span>\u201cPartecipazioni<span class=\"ff3\"> <span class=\"ls8\">in</span> societ\u00e0 collegate valutate con <span class=\"ls8\">il</span> metodo del patrimonio </span>netto\u201d<span class=\"ff3\"> e </span>all\u2019allegato<span class=\"ff3\"> 3.</span><table class=\"s w249 h101\" id=\"_ee78acf3-712d-44f2-b482-e7bbfea88e83\"><tr><td class=\"c x1ab ycc8 w8d h4e\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro <span class=\"_ _38\"> </span> </div></td><td class=\"c x1d6 ycc8 w8e h4e\"><div class=\"t m0 x32 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span><span class=\"ff3\"> </span></div></td><td class=\"c x1d7 ycc8 w8f h4e\"><div class=\"t m0 x32 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x1ab ycc9 w8d h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Asset Italia S.p.A. </div></td><td class=\"c x1d6 ycc9 w8e h4e\"><div class=\"t m0 x18 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">303.741.956 </div></td><td class=\"c x1d7 ycc9 w8f h4e\"><div class=\"t m0 x18 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">120.430.795 </div></td></tr><tr><td class=\"c x1ab ycca w8d h5b\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Beta Utensili S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x1d6 ycca w8e h5b\"><div class=\"t m0 x18 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">121.564.511 </div></td><td class=\"c x1d7 ycca w8f h5b\"><div class=\"t m0 x18 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">122.975.850 </div></td></tr><tr><td class=\"c x1ab yccb w8d h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Clubitaly S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x1d6 yccb w8e h4d\"><div class=\"t m0 xb2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">47.278.608 </div></td><td class=\"c x1d7 yccb w8f h4d\"><div class=\"t m0 xb2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">44.055.451 </div></td></tr><tr><td class=\"c x1ab yccc w8d h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Dexelance S.p.A. </div></td><td class=\"c x1d6 yccc w8e h4d\"><div class=\"t m0 x18 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">115.356.995 </div></td><td class=\"c x1d7 yccc w8f h4d\"><div class=\"t m0 x18 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">157.583.555 </div></td></tr><tr><td class=\"c x1ab yccd w8d h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Elica S.p.A. </div></td><td class=\"c x1d6 yccd w8e h4e\"><div class=\"t m0 xb2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">41.011.708 </div></td><td class=\"c x1d7 yccd w8f h4e\"><div class=\"t m0 xb2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">42.703.203 </div></td></tr><tr><td class=\"c x1ab ycce w8d h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Gruppo IPG Holding S.<span class=\"_ _2\"></span>p.A. </div></td><td class=\"c x1d6 ycce w8e h4d\"><div class=\"t m0 x18 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">153.666.035 </div></td><td class=\"c x1d7 ycce w8f h4d\"><div class=\"t m0 x18 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">146.590.205 </div></td></tr><tr><td class=\"c x1ab yccf w8d h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Itaca Equity <span class=\"_ _2\"></span>Holding S.p.A. </div></td><td class=\"c x1d6 yccf w8e h4d\"><div class=\"t m0 x71 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">3.647.016 </div></td><td class=\"c x1d7 yccf w8f h4d\"><div class=\"t m0 x71 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">7.655.722 </div></td></tr><tr><td class=\"c x1ab ycd0 w8d h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Itaca Equity <span class=\"_ _2\"></span>S.r.l. </div></td><td class=\"c x1d6 ycd0 w8e h4d\"><div class=\"t m0 xd2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">397.849 </div></td><td class=\"c x1d7 ycd0 w8f h4d\"><div class=\"t m0 xd2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">493.919 </div></td></tr><tr><td class=\"c x1ab ycd1 w8d h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">ITH S.p.A. </div></td><td class=\"c x1d6 ycd1 w8e h4e\"><div class=\"t m0 xb2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">87.204.569 </div></td><td class=\"c x1d7 ycd1 w8f h4e\"><div class=\"t m0 xb2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">87.169.597 </div></td></tr><tr><td class=\"c x1ab ycd2 w8d h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Overlord S.p.A. </div></td><td class=\"c x1d6 ycd2 w8e h4d\"><div class=\"t m0 xb2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">26.941.834 </div></td><td class=\"c x1d7 ycd2 w8f h4d\"><div class=\"t m0 xb2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">26.955.092 </div></td></tr><tr><td class=\"c x1ab ycd3 w8d h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">OVS S.p.A. </div></td><td class=\"c x1d6 ycd3 w8e h4d\"><div class=\"t m0 x18 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">192.724.238 </div></td><td class=\"c x1d7 ycd3 w8f h4d\"><div class=\"t m0 x18 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">190.117.380 </div></td></tr><tr><td class=\"c x1ab ycd4 w8d h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Roche Bobois S.A. </div></td><td class=\"c x1d6 ycd4 w8e h4d\"><div class=\"t m0 xb2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">84.834.267 </div></td><td class=\"c x1d7 ycd4 w8f h4d\"><div class=\"t m0 xb2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">85.709.906 </div></td></tr><tr><td class=\"c x1ab ycd5 w8d h4e\"><div class=\"t m0 x15 hf y291 ff7 fs0 fc0 sc0 ls0 ws0\">Sant\u2019Agata<span class=\"ff3\"> S.p.A.</span><span class=\"ff3\"><span class=\"_ _2\"></span> </span></div></td><td class=\"c x1d6 ycd5 w8e h4e\"><div class=\"t m0 xb2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">68.866.915 </div></td><td class=\"c x1d7 ycd5 w8f h4e\"><div class=\"t m0 xb2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">66.512.315 </div></td></tr><tr><td class=\"c x1ab ycd6 w8d h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Altre collegate </div></td><td class=\"c x1d6 ycd6 w8e h4d\"><div class=\"t m0 xd2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">508.955 </div></td><td class=\"c x1d7 ycd6 w8f h4d\"><div class=\"t m0 xd2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">552.944 </div></td></tr><tr><td class=\"c x1ab ycd7 w8d h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1d6 ycd7 w8e h4d\"><div class=\"t m0 x31 h9 y291 ff2 fs0 fc0 sc0 ls34 ws0\">1.<span class=\"ls36\">24<span class=\"ls0\">7.</span>745<span class=\"ls0\">.</span>455</span><span class=\"ls36\"><span class=\"ls0\"> </span></span></div></td><td class=\"c x1d7 ycd7 w8f h4d\"><div class=\"t m0 x31 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">1.099.505.934 </div></td></tr></table>Le <span class=\"_ _19\"> </span>infor<span class=\"_ _1\"></span>mazioni <span class=\"_ _19\"> </span>finanziarie <span class=\"_ _25\"> </span>sintetiche <span class=\"_ _19\"> </span>relative <span class=\"_ _25\"> </span>alle <span class=\"_ _19\"> </span>principali <span class=\"_ _25\"> </span>collegate <span class=\"_ _19\"> </span>(Dexe<span class=\"_ _1\"></span>lance<span class=\"_ _2\"></span> <span class=\"_ _19\"> </span>S.p.A., <span class=\"_ _25\"> </span>OVS S.p.A., Gruppo IPG Holding S.p.A., Beta Utensili S.p.A. e Asset Italia S.p.A.) sono le seguenti: Dexelance S.p.A. <table class=\"s w24a h102\" id=\"_ea749749-275b-429f-b7a0-b6459dfd3cdc\"><tr><td class=\"c x1ab ycd8 w90 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro/000 </div></td><td class=\"c x1d8 ycd8 w91 h4d\"><div class=\"t m0 x88 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td class=\"c x1d9 ycd8 w1b h4d\"><div class=\"t m0 x88 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">4</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab ycd9 w90 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x1d8 ycd9 w91 h4e\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">320.185 </div></td><td class=\"c x1d9 ycd9 w1b h4e\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">324.384 </div></td></tr><tr><td class=\"c x1ab ycda w90 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota di risultato delle partec<span class=\"_ _2\"></span>ipazioni collegate<span class=\"_ _2\"></span> </div></td><td class=\"c x1d8 ycda w91 h4d\"><div class=\"t m0 x72 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1d9 ycda w1b h4d\"><div class=\"t m0 x72 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x1ab ycdb w90 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Utile (perdita) netto<span class=\"_ _2\"></span> </div></td><td class=\"c x1d8 ycdb w91 h4d\"><div class=\"t m0 x30 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(17.697) </div></td><td class=\"c x1d9 ycdb w1b h4d\"><div class=\"t m0 xa9 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">17.904 </div></td></tr><tr><td class=\"c x1ab ycdc w90 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 non correnti<span class=\"_ _2\"></span> </div></td><td class=\"c x1d8 ycdc w91 h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">358.598 </div></td><td class=\"c x1d9 ycdc w1b h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">306.842 </div></td></tr><tr><td class=\"c x1ab ycdd w90 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 correnti<span class=\"_ _2\"></span> </div></td><td class=\"c x1d8 ycdd w91 h4e\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">186.436 </div></td><td class=\"c x1d9 ycdd w1b h4e\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">164.279 </div></td></tr><tr><td class=\"c x1ab ycde w90 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Passivit\u00e0 non correnti<span class=\"_ _2\"></span> </div></td><td class=\"c x1d8 ycde w91 h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">195.664 </div></td><td class=\"c x1d9 ycde w1b h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">159.199 </div></td></tr><tr><td class=\"c x1ab ycdf w90 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Passivit\u00e0 correnti </div></td><td class=\"c x1d8 ycdf w91 h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">164.932 </div></td><td class=\"c x1d9 ycdf w1b h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">141.470 </div></td></tr><tr><td class=\"c x1ab yce0 w90 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Patrimonio netto di terz<span class=\"_ _2\"></span>i </div></td><td class=\"c x1d8 yce0 w91 h4d\"><div class=\"t m0 xa9 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">35.154 </div></td><td class=\"c x1d9 yce0 w1b h4d\"><div class=\"t m0 x72 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x1ab yce1 w90 h72\"><div class=\"t m0 x15 hf y2e9 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette </div></td><td class=\"c x1d8 yce1 w91 h72\"><div class=\"t m0 x35 hf y2e9 ff3 fs0 fc0 sc0 ls0 ws0\">149.284 </div></td><td class=\"c x1d9 yce1 w1b h72\"><div class=\"t m0 x35 hf y2e9 ff3 fs0 fc0 sc0 ls0 ws0\">170.452 </div></td></tr></table>Queste <span class=\"_ _2\"></span>informazioni <span class=\"_ _2\"></span>finanziarie <span class=\"_ _29\"></span>sintetiche <span class=\"_ _2\"></span>possono <span class=\"_ _2\"></span>essere <span class=\"_ _2\"></span>riconciliate <span class=\"_ _2\"></span>con <span class=\"_ _29\"></span>il <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>del<span class=\"_ _2\"></span>la quota di partecipazione alla societ\u00e0 collegata come s<span class=\"_ _1\"></span>egue: <table class=\"s w24b h104\" id=\"_a935d588-f7a0-4c8b-9615-ab110fd8b2f4\"><tr><td class=\"c x1ab ycea w92 h45\"><div class=\"t m0 x15 h7 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro/000<span class=\"ff3 fs1\"> </span></div></td><td class=\"c x1da ycea w1b h45\"><div class=\"t m0 x88 h7 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">5</span><span class=\"ls0\"><span class=\"ff3 fs1\"> </span></span></div></td><td class=\"c x1db ycea w93 h45\"><div class=\"t m0 x82 h7 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">4</span><span class=\"ls0\"><span class=\"ff3 fs1\"> </span></span></div></td></tr><tr><td class=\"c x1ab yceb w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette </div></td><td class=\"c x1da yceb w1b h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">149.284 </div></td><td class=\"c x1db yceb w93 h4d\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">170.452 </div></td></tr><tr><td class=\"c x1ab ycec w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota delle attivit\u00e0 nette (<span class=\"_ _2\"></span>%) </div></td><td class=\"c x1da ycec w1b h4d\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">48,14% </div></td><td class=\"c x1db ycec w93 h4d\"><div class=\"t m0 x76 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">48,00% </div></td></tr><tr><td class=\"c x1ab yced w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette pro quota<span class=\"_ _2\"></span> </div></td><td class=\"c x1da yced w1b h4d\"><div class=\"t m0 xa9 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">71.865 </div></td><td class=\"c x1db yced w93 h4d\"><div class=\"t m0 x8a hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">81.817 </div></td></tr><tr><td class=\"c x1ab ycee w92 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Rettifiche apportate con il met<span class=\"_ _2\"></span>odo del patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span> </div></td><td class=\"c x1da ycee w1b h4e\"><div class=\"t m0 xa9 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">43.492 </div></td><td class=\"c x1db ycee w93 h4e\"><div class=\"t m0 x8a hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">75.767 </div></td></tr><tr><td class=\"c x1ab ycef w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Valore contabile<span class=\"_ _2\"></span> </div></td><td class=\"c x1da ycef w1b h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">115.357 </div></td><td class=\"c x1db ycef w93 h4d\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">157.584 </div></td></tr><tr><td class=\"c x1ab ycf0 w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota di risultato </div></td><td class=\"c x1da ycf0 w1b h4d\"><div class=\"t m0 x30 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(10.433) </div></td><td class=\"c x1db ycf0 w93 h4d\"><div class=\"t m0 x88 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">6.888 </div></td></tr><tr><td class=\"c x1ab ycf1 w92 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Dividendi percepiti </div></td><td class=\"c x1da ycf1 w1b h4e\"><div class=\"t m0 x72 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1db ycf1 w93 h4e\"><div class=\"t m0 x79 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr></table>OVS S.p.A. <table class=\"s w24c h105\" id=\"_df7acaee-cd79-4f69-b17f-2f69a3809201\"><tr><td class=\"c x1ab ycf2 w94 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro/000<span class=\"ff3\"> </span></div></td><td class=\"c x1dc ycf2 w95 h4d\"><div class=\"t m0 x31 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">5</span><span class=\"ls0\"><span class=\"ff3\"> </span></span></div></td><td class=\"c x1dd ycf2 w96 h4d\"><div class=\"t m0 x31 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">4</span><span class=\"ls0\"><span class=\"ff3\"> </span></span></div></td></tr><tr><td class=\"c x1ab ycf3 w94 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x1dc ycf3 w95 h4d\"><div class=\"t m0 x32 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.244.803 </div></td><td class=\"c x1dd ycf3 w96 h4d\"><div class=\"t m0 x32 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.176.848 </div></td></tr><tr><td class=\"c x1ab ycf4 w94 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota di risultato delle partec<span class=\"_ _2\"></span>ipazioni collegate<span class=\"_ _2\"></span> </div></td><td></td><td class=\"c x1dd ycf4 w96 h4d\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x1ab ycf5 w94 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Utile (perdita) netto<span class=\"_ _2\"></span> </div></td><td class=\"c x1dc ycf5 w95 h4d\"><div class=\"t m0 x2d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">27.019 </div></td><td class=\"c x1dd ycf5 w96 h4d\"><div class=\"t m0 x2d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">31.616 </div></td></tr><tr><td class=\"c x1ab ycf6 w94 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 non correnti<span class=\"_ _2\"></span> </div></td><td class=\"c x1dc ycf6 w95 h4e\"><div class=\"t m0 x32 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2.261.120 </div></td><td class=\"c x1dd ycf6 w96 h4e\"><div class=\"t m0 x32 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2.132.502 </div></td></tr><tr><td class=\"c x1ab ycf7 w94 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 correnti<span class=\"_ _2\"></span> </div></td><td class=\"c x1dc ycf7 w95 h4d\"><div class=\"t m0 x76 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">783.620 </div></td><td class=\"c x1dd ycf7 w96 h4d\"><div class=\"t m0 x76 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">736.533 </div></td></tr><tr><td class=\"c x1ab ycf8 w94 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Passivit\u00e0 non correnti<span class=\"_ _2\"></span> </div></td><td class=\"c x1dc ycf8 w95 h4d\"><div class=\"t m0 x32 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.276.203 </div></td><td class=\"c x1dd ycf8 w96 h4d\"><div class=\"t m0 x32 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.178.196 </div></td></tr><tr><td class=\"c x1ab ycf9 w94 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Passivit\u00e0 correnti </div></td><td class=\"c x1dc ycf9 w95 h4d\"><div class=\"t m0 x76 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">886.263 </div></td><td class=\"c x1dd ycf9 w96 h4d\"><div class=\"t m0 x76 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">816.019 </div></td></tr><tr><td class=\"c x1ab ycfa w94 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Patrimonio netto di terz<span class=\"_ _2\"></span>i </div></td><td class=\"c x1dc ycfa w95 h4e\"><div class=\"t m0 xd5 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(<span class=\"ls36\">515</span>) </div></td><td class=\"c x1dd ycfa w96 h4e\"><div class=\"t m0 x88 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(364)  </div></td></tr><tr><td class=\"c x1ab ycfb w94 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette </div></td><td class=\"c x1dc ycfb w95 h4d\"><div class=\"t m0 x76 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">882.789 </div></td><td class=\"c x1dd ycfb w96 h4d\"><div class=\"t m0 x76 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">875.184 </div></td></tr></table>Queste <span class=\"_ _2\"></span>informazioni <span class=\"_ _2\"></span>finanziarie <span class=\"_ _29\"></span>sintetiche <span class=\"_ _2\"></span>possono <span class=\"_ _2\"></span>essere <span class=\"_ _2\"></span>riconciliate <span class=\"_ _2\"></span>con <span class=\"_ _29\"></span>il <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>del<span class=\"_ _2\"></span>la quota di partecipazione alla societ\u00e0 collegata come s<span class=\"_ _1\"></span>egue: <table class=\"s w24b h103\" id=\"_9cf5e23a-b59e-4695-bca7-9c7b4d3f8828\"><tr><td class=\"c x1ab yce2 w92 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro/000<span class=\"ff3\"> </span></div></td><td class=\"c x1da yce2 w1b h4d\"><div class=\"t m0 x88 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">5</span><span class=\"ls0\"><span class=\"ff3\"> </span></span></div></td><td class=\"c x1db yce2 w93 h4d\"><div class=\"t m0 x82 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">4</span><span class=\"ls0\"><span class=\"ff3\"> </span></span></div></td></tr><tr><td class=\"c x1ab yce3 w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette </div></td><td class=\"c x1da yce3 w1b h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">882.789 </div></td><td class=\"c x1db yce3 w93 h4d\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">875.184 </div></td></tr><tr><td class=\"c x1ab yce4 w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota delle attivit\u00e0 nette (<span class=\"_ _2\"></span>%) </div></td><td class=\"c x1da yce4 w1b h4d\"><div class=\"t m0 x32 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">32<span class=\"ls0\">,</span>445<span class=\"ls0\">%</span><span class=\"ls0\"> </span></div></td><td class=\"c x1db yce4 w93 h4d\"><div class=\"t m0 xa6 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">28,442% </div></td></tr><tr><td class=\"c x1ab yce5 w92 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette pro quota<span class=\"_ _2\"></span> </div></td><td class=\"c x1da yce5 w1b h4e\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">286.421 </div></td><td class=\"c x1db yce5 w93 h4e\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">24<span class=\"ls0\">8.920</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yce6 w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Rettifiche apportate con il met<span class=\"_ _2\"></span>odo del patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span> </div></td><td class=\"c x1da yce6 w1b h4d\"><div class=\"t m0 x30 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(<span class=\"ls36\"></span><span class=\"ls36\">93</span>.<span class=\"ls36\">697</span>) </div></td><td class=\"c x1db yce6 w93 h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(58.803) </div></td></tr><tr><td class=\"c x1ab yce7 w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Valore contabile  </div></td><td class=\"c x1da yce7 w1b h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">19<span class=\"ls0\">2.</span>724<span class=\"ls0\"> </span></div></td><td class=\"c x1db yce7 w93 h4d\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">190.117 </div></td></tr><tr><td class=\"c x1ab yce8 w92 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota di risultato </div></td><td class=\"c x1da yce8 w1b h4e\"><div class=\"t m0 xa9 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">15.<span class=\"ls36\">867</span> </div></td><td class=\"c x1db yce8 w93 h4e\"><div class=\"t m0 x8a hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">18.250 </div></td></tr><tr><td class=\"c x1ab yce9 w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Dividendi percepiti </div></td><td class=\"c x1da yce9 w1b h4d\"><div class=\"t m0 x38 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">9.<span class=\"ls36\">102</span> </div></td><td class=\"c x1db yce9 w93 h4d\"><div class=\"t m0 x88 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">8.274 </div></td></tr></table>Gruppo IPG Holding S.p.A.<table class=\"s w250 h10a\" id=\"_1faa177e-dbf3-4424-ae6c-b425416fee38\"><tr><td class=\"c x1ab yd1e w97 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro/000<span class=\"ff3\"> </span></div></td><td class=\"c x1e0 yd1e w98 h4d\"><div class=\"t m0 xd5 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">5</span><span class=\"ls0\"><span class=\"ff3\"> </span></span></div></td><td class=\"c x1e1 yd1e w99 h4d\"><div class=\"t m0 x2c h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">4</span><span class=\"ls0\"><span class=\"ff3\"> </span></span></div></td></tr><tr><td class=\"c x1ab yd1f w97 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x1e0 yd1f w98 h4e\"><div class=\"t m0 x32 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2.070.684 </div></td><td class=\"c x1e1 yd20 w99 h4e\"><div class=\"t m0 x35 hf y53a ff3 fs0 fc0 sc0 ls0 ws0\">2.078.399 </div></td></tr><tr><td class=\"c x1ab yd21 w97 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota di risultato delle partec<span class=\"_ _2\"></span>ipazioni collegate<span class=\"_ _2\"></span> </div></td><td class=\"c x1e0 yd21 w98 h4d\"><div class=\"t m0 x2c hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">339<span class=\"ls0\"> </span></div></td><td class=\"c x1e1 yd22 w99 h4d\"><div class=\"t m0 x6f hf y53a ff3 fs0 fc0 sc0 ls36 ws0\">302<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yd23 w97 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Utile (perdita) netto<span class=\"_ _2\"></span> </div></td><td class=\"c x1e0 yd23 w98 h4d\"><div class=\"t m0 x76 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">204.239 </div></td><td class=\"c x1e1 yd24 w99 h4d\"><div class=\"t m0 x2d hf y53a ff3 fs0 fc0 sc0 ls36 ws0\">22<span class=\"ls0\">0.</span>992<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yd25 w97 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 non correnti<span class=\"_ _2\"></span> </div></td><td class=\"c x1e0 yd25 w98 h4d\"><div class=\"t m0 x32 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.970.220 </div></td><td class=\"c x1e1 yd26 w99 h4d\"><div class=\"t m0 x35 hf y53a ff3 fs0 fc0 sc0 ls0 ws0\">1.954.615 </div></td></tr><tr><td class=\"c x1ab yd27 w97 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 correnti<span class=\"_ _2\"></span> </div></td><td class=\"c x1e0 yd27 w98 h4e\"><div class=\"t m0 x32 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.566.155 </div></td><td class=\"c x1e1 yd28 w99 h4e\"><div class=\"t m0 x35 hf y53a ff3 fs0 fc0 sc0 ls0 ws0\">1.572.<span class=\"ls36\">115</span>  </div></td></tr><tr><td class=\"c x1ab yd29 w97 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Passivit\u00e0 non correnti<span class=\"_ _2\"></span> </div></td><td class=\"c x1e0 yd29 w98 h4d\"><div class=\"t m0 x76 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">728.692 </div></td><td class=\"c x1e1 yd2a w99 h4d\"><div class=\"t m0 x2d hf y53a ff3 fs0 fc0 sc0 ls36 ws0\">816<span class=\"ls0\">.</span>973<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yd2b w97 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Passivit\u00e0 correnti </div></td><td class=\"c x1e0 yd2b w98 h4d\"><div class=\"t m0 x76 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">703.460 </div></td><td class=\"c x1e1 yd2c w99 h4d\"><div class=\"t m0 x2d hf y53a ff3 fs0 fc0 sc0 ls36 ws0\">699<span class=\"ls0\">.</span>244<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yd2d w97 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Patrimonio netto di terz<span class=\"_ _2\"></span>i </div></td><td class=\"c x1e0 yd2d w98 h4d\"><div class=\"t m0 x32 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.597.702 </div></td><td class=\"c x1e1 yd2e w99 h4d\"><div class=\"t m0 x35 hf y53a ff3 fs0 fc0 sc0 ls0 ws0\">1.530.2<span class=\"ls36\">73</span>  </div></td></tr><tr><td class=\"c x1ab yd2f w97 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette </div></td><td class=\"c x1e0 yd2f w98 h4e\"><div class=\"t m0 x76 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">506.521 </div></td><td class=\"c x1e1 yd30 w99 h4e\"><div class=\"t m0 x2d hf y53a ff3 fs0 fc0 sc0 ls0 ws0\">480.240 </div></td></tr></table>Queste <span class=\"_ _2\"></span>informazioni <span class=\"_ _2\"></span>finanziarie <span class=\"_ _29\"></span>sintetiche <span class=\"_ _2\"></span>possono <span class=\"_ _2\"></span>essere <span class=\"_ _2\"></span>riconciliate <span class=\"_ _2\"></span>con <span class=\"_ _29\"></span>il <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>del<span class=\"_ _2\"></span>la<span class=\"_ _5d\"> </span>quota di partecipazione alla societ\u00e0 collegata come s<span class=\"_ _1\"></span>egue:<table class=\"s w24d h106\" id=\"_961e5ed6-b815-4bbe-893d-474e2ca6bf19\"><tr><td class=\"c x1ab ycfc w92 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro/000<span class=\"ff3\"> </span></div></td><td class=\"c x1da ycfc w1b h4d\"><div class=\"t m0 x88 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">5</span><span class=\"ls0\"><span class=\"ff3\"> </span></span></div></td><td class=\"c x1db ycfc w93 h4d\"><div class=\"t m0 x82 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">4</span><span class=\"ls0\"><span class=\"ff3\"> </span></span></div></td></tr><tr><td class=\"c x1ab ycfd w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette </div></td><td class=\"c x1da ycfd w1b h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">506.521 </div></td><td class=\"c x1db ycfd w93 h4d\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">480.240 </div></td></tr><tr><td class=\"c x1ab ycfe w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota delle attivit\u00e0 nette (<span class=\"_ _2\"></span>%) </div></td><td class=\"c x1da ycfe w1b h4d\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">26,92% </div></td><td class=\"c x1db ycfe w93 h4d\"><div class=\"t m0 x76 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">26,92% </div></td></tr><tr><td class=\"c x1ab ycff w92 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette pro quota<span class=\"_ _2\"></span> </div></td><td class=\"c x1da ycff w1b h4e\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">136.355 </div></td><td class=\"c x1db ycff w93 h4e\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">129.281 </div></td></tr><tr><td class=\"c x1ab yd00 w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Rettifiche apportate con il met<span class=\"_ _2\"></span>odo del patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span> </div></td><td class=\"c x1da yd00 w1b h4d\"><div class=\"t m0 xa9 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">17.311 </div></td><td class=\"c x1db yd00 w93 h4d\"><div class=\"t m0 x8a hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">17.<span class=\"ls36\">309</span> </div></td></tr><tr><td class=\"c x1ab yd01 w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Valore contabile  </div></td><td class=\"c x1da yd01 w1b h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">153.666 </div></td><td class=\"c x1db yd01 w93 h4d\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">14<span class=\"ls0\">6.</span>590<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yd02 w92 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota di risultato </div></td><td class=\"c x1da yd02 w1b h4e\"><div class=\"t m0 xa9 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">11<span class=\"ls0\">.</span>983<span class=\"ls0\"> </span></div></td><td class=\"c x1db yd02 w93 h4e\"><div class=\"t m0 x8a hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">12.<span class=\"ls36\">592</span> </div></td></tr><tr><td class=\"c x1ab yd03 w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Dividendi percepiti </div></td><td class=\"c x1da yd03 w1b h4d\"><div class=\"t m0 x72 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1db yd03 w93 h4d\"><div class=\"t m0 x79 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr></table>Beta Utensili S.p.A.<table class=\"s w24e h107\" id=\"_45f64323-6656-4851-93ba-8f8704cbe99f\"><tr><td class=\"c x1ab yd04 w90 h69\"><div class=\"t m0 x15 h9 y326 ff2 fs0 fc0 sc0 ls0 ws0\">euro/000 </div></td><td class=\"c x1d8 yd04 w91 h69\"><div class=\"t m0 x88 h9 y326 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td class=\"c x1d9 yd04 w1b h69\"><div class=\"t m0 x88 h9 y326 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">4</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yd05 w90 h74\"><div class=\"t m0 x15 h7 y291 ff3 fs0 fc0 sc0 ls0 ws0\">Ricavi<span class=\"fs1 fc1\"> </span></div></td><td class=\"c x1d8 yd05 w91 h74\"><div class=\"t m0 x35 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">254.135 </div></td><td class=\"c x1d9 yd06 w1b h74\"><div class=\"t m0 x35 hf y551 ff3 fs0 fc0 sc0 ls36 ws0\">25<span class=\"ls0\">1.</span>491<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd07 w90 h4d\"><div class=\"t m0 x15 h7 y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota di risultato delle partec<span class=\"_ _2\"></span>ipazioni collegate<span class=\"_ _2\"></span><span class=\"fs1 fc1\"> </span></div></td><td class=\"c x1d8 yd07 w91 h4d\"><div class=\"t m0 x72 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1d9 yd08 w1b h4d\"><div class=\"t m0 x72 hf y554 ff3 fs0 fc0 sc0 ls0 ws0\">0<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd09 w90 h74\"><div class=\"t m0 x15 h7 y291 ff3 fs0 fc0 sc0 ls0 ws0\">Utile (perdita) netto<span class=\"_ _2\"></span><span class=\"fs1 fc1\"> </span></div></td><td class=\"c x1d8 yd09 w91 h74\"><div class=\"t m0 x38 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">6.240 </div></td><td class=\"c x1d9 yd0a w1b h74\"><div class=\"t m0 x38 hf y554 ff3 fs0 fc0 sc0 ls0 ws0\">6.592<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd0b w90 h74\"><div class=\"t m0 x15 h7 y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 non correnti<span class=\"_ _2\"></span><span class=\"fs1 fc1\"> </span></div></td><td class=\"c x1d8 yd0b w91 h74\"><div class=\"t m0 x35 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">114.252 </div></td><td class=\"c x1d9 yd0c w1b h74\"><div class=\"t m0 x35 hf y551 ff3 fs0 fc0 sc0 ls0 ws0\">116.236<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd0d w90 h4d\"><div class=\"t m0 x15 h7 y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 correnti<span class=\"_ _2\"></span><span class=\"fs1 fc1\"> </span></div></td><td class=\"c x1d8 yd0d w91 h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">196.244 </div></td><td class=\"c x1d9 yd0e w1b h4d\"><div class=\"t m0 x35 hf y554 ff3 fs0 fc0 sc0 ls0 ws0\">192.087<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd0f w90 h74\"><div class=\"t m0 x15 h7 y291 ff3 fs0 fc0 sc0 ls0 ws0\">Passivit\u00e0 non correnti<span class=\"_ _2\"></span><span class=\"fs1 fc1\"> </span></div></td><td class=\"c x1d8 yd0f w91 h74\"><div class=\"t m0 xa9 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">66.473 </div></td><td class=\"c x1d9 yd10 w1b h74\"><div class=\"t m0 xa9 hf y551 ff3 fs0 fc0 sc0 ls0 ws0\">55.357<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd11 w90 h4d\"><div class=\"t m0 x15 h7 y291 ff3 fs0 fc0 sc0 ls0 ws0\">Passivit\u00e0 correnti<span class=\"fs1 fc1\"> </span></div></td><td class=\"c x1d8 yd11 w91 h4d\"><div class=\"t m0 xa9 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">84.340 </div></td><td class=\"c x1d9 yd12 w1b h4d\"><div class=\"t m0 xa9 hf y554 ff3 fs0 fc0 sc0 ls0 ws0\">86.830<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd13 w90 h74\"><div class=\"t m0 x15 h7 y291 ff3 fs0 fc0 sc0 ls0 ws0\">Patrimonio netto di terz<span class=\"_ _2\"></span>i<span class=\"fs1 fc1\"> </span></div></td><td class=\"c x1d8 yd13 w91 h74\"><div class=\"t m0 x2b hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">764<span class=\"ls0\"> </span></div></td><td class=\"c x1d9 yd14 w1b h74\"><div class=\"t m0 x2b hf y554 ff3 fs0 fc0 sc0 ls36 ws0\">761<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd15 w90 h74\"><div class=\"t m0 x15 h7 y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette<span class=\"fs1 fc1\"> </span></div></td><td class=\"c x1d8 yd15 w91 h74\"><div class=\"t m0 x35 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">158.919 </div></td><td class=\"c x1d9 yd16 w1b h74\"><div class=\"t m0 x35 hf y551 ff3 fs0 fc0 sc0 ls0 ws0\">165.375<span class=\"_ _5d\"> </span></div></td></tr></table>Queste <span class=\"_ _2\"></span>informazioni <span class=\"_ _2\"></span>finanziarie <span class=\"_ _29\"></span>sintetiche <span class=\"_ _2\"></span>possono <span class=\"_ _2\"></span>essere <span class=\"_ _2\"></span>riconciliate <span class=\"_ _2\"></span>con <span class=\"_ _29\"></span>il <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>del<span class=\"_ _2\"></span>la<span class=\"_ _5d\"> </span>quota di partecipazione alla societ\u00e0 collegata come s<span class=\"_ _1\"></span>egue:<table class=\"s w24f h109\" id=\"_9f5ed4a8-df99-458c-b023-f6ef4ce9a456\"><tr><td class=\"c x1ab yd1a w9a h45\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro/000 </div></td><td class=\"c x1da yd1a w9b h45\"><div class=\"t m0 x88 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td class=\"c x1db yd1a w9c h45\"><div class=\"t m0 x82 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">4</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yd1b w9a h76\"><div class=\"t m0 x15 hf y2e9 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette </div></td><td class=\"c x1da yd1b w9b h76\"><div class=\"t m0 x35 hf y565 ff3 fs0 fc0 sc0 ls0 ws0\">158.919 </div></td><td class=\"c x1db yd1b w9c h76\"><div class=\"t m0 x2e hf y565 ff3 fs0 fc0 sc0 ls0 ws0\">165.375 </div></td></tr><tr><td class=\"c x1ab yd1c w9a h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota delle attivit\u00e0 nette (<span class=\"_ _2\"></span>%) </div></td><td class=\"c x1da yd1c w9b h4d\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">48,99% </div></td><td class=\"c x1db yd1c w9c h4d\"><div class=\"t m0 x76 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">48,99% </div></td></tr><tr><td class=\"c x1ab yd1d w9a h74\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette pro quota<span class=\"_ _2\"></span> </div></td><td class=\"c x1da yd1d w9b h74\"><div class=\"t m0 xa9 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">77.854 </div></td><td class=\"c x1db yd1d w9c h74\"><div class=\"t m0 x8a hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">81.017 </div></td></tr></table><table class=\"s w24b h108\" id=\"_d94289c2-470b-4224-a6aa-cc45295d4e5f\"><tr><td class=\"c x1ab yd17 w9d h45\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro/000 </div></td><td class=\"c x1de yd17 w9e h45\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td class=\"c x1df yd17 w9f h45\"><div class=\"t m0 x38 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">4</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yd18 w9a h74\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Rettifiche apportate con il met<span class=\"_ _2\"></span>odo del patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span> </div></td><td class=\"c x1da yd18 w9b h74\"><div class=\"t m0 xa9 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">43.711 </div></td><td class=\"c x1db yd18 w9c h74\"><div class=\"t m0 x8a hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">41.959 </div></td></tr><tr><td class=\"c x1ab yd19 w9a h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Valore contabile  </div></td><td class=\"c x1da yd19 w9b h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">121.565 </div></td><td class=\"c x1db yd19 w9c h4d\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">122.976 </div></td></tr><tr><td class=\"c x1ab yce8 w9a h74\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota di risultato </div></td><td class=\"c x1da yce8 w9b h74\"><div class=\"t m0 x38 hf y2dc ff3 fs0 fc0 sc0 ls36 ws0\">4.808<span class=\"ls0\"> </span></div></td><td class=\"c x1db yce8 w9c h74\"><div class=\"t m0 x88 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">4.762 </div></td></tr><tr><td class=\"c x1ab yce9 w9a h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Dividendi percepiti </div></td><td class=\"c x1da yce9 w9b h4d\"><div class=\"t m0 x38 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">3<span class=\"ls42\">.9<span class=\"ls36\">24</span></span> </div></td><td class=\"c x1db yce9 w9c h4d\"><div class=\"t m0 x88 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">4.900 </div></td></tr></table>Asset Italia S.p.A. (bilancio separato)<table class=\"s w24e h10c\" id=\"_b2a09013-2c83-4f7f-b2d5-c5aef62ebdfa\"><tr><td class=\"c x1ab yd39 w90 h45\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro/000 </div></td><td class=\"c x1d8 yd39 w91 h45\"><div class=\"t m0 x88 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td><td class=\"c x1d9 yd39 w1b h45\"><div class=\"t m0 x88 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">202<span class=\"ls0\">4</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yd3a w90 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x1d8 yd3a w91 h4d\"><div class=\"t m0 x72 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1d9 yd3b w1b h4d\"><div class=\"t m0 x72 hf y53a ff3 fs0 fc0 sc0 ls0 ws0\">0<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd3c w90 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota di risultato delle partec<span class=\"_ _2\"></span>ipazioni collegate<span class=\"_ _2\"></span> </div></td><td class=\"c x1d8 yd3c w91 h4e\"><div class=\"t m0 x72 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1d9 yd3d w1b h4e\"><div class=\"t m0 x72 hf y53a ff3 fs0 fc0 sc0 ls0 ws0\">0<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd3e w90 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Utile (perdita) netto<span class=\"_ _2\"></span> </div></td><td class=\"c x1d8 yd3e w91 h4d\"><div class=\"t m0 x38 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.760 </div></td><td class=\"c x1d9 yd3f w1b h4d\"><div class=\"t m0 xa9 hf y53a ff3 fs0 fc0 sc0 ls0 ws0\">11.853<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd40 w90 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 non correnti<span class=\"_ _2\"></span> </div></td><td class=\"c x1d8 yd40 w91 h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">445.664 </div></td><td class=\"c x1d9 yd41 w1b h4d\"><div class=\"t m0 x35 hf y53a ff3 fs0 fc0 sc0 ls0 ws0\">325.657<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd42 w90 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 correnti<span class=\"_ _2\"></span> </div></td><td class=\"c x1d8 yd42 w91 h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">566.041 </div></td><td class=\"c x1d9 yd43 w1b h4d\"><div class=\"t m0 x2b hf y53a ff3 fs0 fc0 sc0 ls36 ws0\">708<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd44 w90 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Passivit\u00e0 non correnti<span class=\"_ _2\"></span> </div></td><td class=\"c x1d8 yd44 w91 h4e\"><div class=\"t m0 x72 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1d9 yd45 w1b h4e\"><div class=\"t m0 x72 hf y53a ff3 fs0 fc0 sc0 ls0 ws0\">0<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd46 w90 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Passivit\u00e0 correnti </div></td><td class=\"c x1d8 yd46 w91 h4d\"><div class=\"t m0 x38 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">1.345 </div></td><td class=\"c x1d9 yd47 w1b h4d\"><div class=\"t m0 x86 hf y53a ff3 fs0 fc0 sc0 ls36 ws0\">58<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd48 w90 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Patrimonio netto di terz<span class=\"_ _2\"></span>i </div></td><td class=\"c x1d8 yd48 w91 h4d\"><div class=\"t m0 x72 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1d9 yd49 w1b h4d\"><div class=\"t m0 x72 hf y53a ff3 fs0 fc0 sc0 ls0 ws0\">0<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yd4a w90 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette </div></td><td class=\"c x1d8 yd4a w91 h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">444.885 </div></td><td class=\"c x1d9 yd4b w1b h4d\"><div class=\"t m0 x35 hf y53a ff3 fs0 fc0 sc0 ls0 ws0\">326.307<span class=\"_ _5d\"> </span></div></td></tr></table>Queste <span class=\"_ _2\"></span>informazioni <span class=\"_ _2\"></span>finanziarie <span class=\"_ _29\"></span>sintetiche <span class=\"_ _2\"></span>possono <span class=\"_ _2\"></span>essere <span class=\"_ _2\"></span>riconciliate <span class=\"_ _2\"></span>con <span class=\"_ _29\"></span>il <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>contabile <span class=\"_ _2\"></span>del<span class=\"_ _2\"></span>la<span class=\"_ _5d\"> </span>quota di partecipazione alla societ\u00e0 collegata come s<span class=\"_ _1\"></span>egue:<table class=\"s w24b h10b\" id=\"_96b3551e-4566-45b9-aa00-035c52b357b9\"><tr><td class=\"c x1ab yd31 w92 h69\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro/000 </div></td><td class=\"c x1da yd31 w1b h69\"><div class=\"t m0 x88 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">2025<span class=\"ls0\"> </span></div></td><td class=\"c x1db yd31 w93 h69\"><div class=\"t m0 x82 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">2024<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yd32 w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette </div></td><td class=\"c x1da yd32 w1b h4d\"><div class=\"t m0 x35 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">444.885 </div></td><td class=\"c x1db yd32 w93 h4d\"><div class=\"t m0 x2e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">326.307 </div></td></tr><tr><td class=\"c x1ab yd33 w92 h74\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota delle attivit\u00e0 nette (<span class=\"_ _2\"></span>%) </div></td><td class=\"c x1da yd33 w1b h74\"><div class=\"t m0 x69 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(*) </div></td><td class=\"c x1db yd33 w93 h74\"><div class=\"t m0 x18 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(*) </div></td></tr><tr><td class=\"c x1ab yd34 w92 h74\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 nette pro quota<span class=\"_ _2\"></span> </div></td><td class=\"c x1da yd34 w1b h74\"><div class=\"t m0 x35 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">209.895 </div></td><td class=\"c x1db yd34 w93 h74\"><div class=\"t m0 x2e hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">131.392 </div></td></tr><tr><td class=\"c x1ab yd35 w92 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Rettifiche apportate con il met<span class=\"_ _2\"></span>odo del patrimonio <span class=\"_ _2\"></span>netto <span class=\"_ _2\"></span> </div></td><td class=\"c x1da yd35 w1b h4d\"><div class=\"t m0 x30 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">(93.847) </div></td><td class=\"c x1db yd35 w93 h4d\"><div class=\"t m0 x35 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">(10.961) </div></td></tr><tr><td class=\"c x1ab yd36 w92 h74\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Valore contabile  </div></td><td class=\"c x1da yd36 w1b h74\"><div class=\"t m0 x35 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">303.742 </div></td><td class=\"c x1db yd36 w93 h74\"><div class=\"t m0 x2e hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">120.431 </div></td></tr><tr><td class=\"c x1ab yd37 w92 h74\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Quota di risultato </div></td><td class=\"c x1da yd37 w1b h74\"><div class=\"t m0 xa9 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">94.576 </div></td><td class=\"c x1db yd37 w93 h74\"><div class=\"t m0 x8a hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">11.408 </div></td></tr><tr><td class=\"c x1ab yd38 w92 h74\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Dividendi percepiti </div></td><td class=\"c x1da yd38 w1b h74\"><div class=\"t m0 x38 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">1.025 </div></td><td class=\"c x1db yd38 w93 h74\"><div class=\"t m0 x88 hf y2dc ff3 fs0 fc0 sc0 ls0 ws0\">6.407 </div></td></tr></table>(*)TIP ha una partecipa<span class=\"_ _1\"></span>zione in Alpito<span class=\"_ _23\"></span>u<span class=\"_ _2\"></span>r (su basi ful<span class=\"_ _1\"></span>ly diluted) di circa il <span class=\"ls20\">43</span><span class=\"ff15\">,1% tramite l<span class=\"_ _1\"></span>\u2019investimento in<span class=\"_ _1\"></span> Asset Italia 1<span class=\"_ _1\"></span>, di cui TIP detien<span class=\"_ _1\"></span>e una quota del <span class=\"ffb\">4<span class=\"ls20\">6,</span>3% delle<span class=\"_ _5d\"> </span></span></span>azioni correlate. Inol<span class=\"_ _1\"></span>tre TIP ha una par<span class=\"_ _1\"></span>tecipazione in <span class=\"_ _1\"></span>Limonta, <span class=\"ff15\">tramite l\u2019investim<span class=\"_ _23\"></span>e<span class=\"_ _2\"></span>nto in Asset Ita<span class=\"_ _23\"></span>l<span class=\"_ _2\"></span>ia <span class=\"ffb ls20\">3,<span class=\"ls0\"> di circa il 12,9% (su basi f<span class=\"_ _1\"></span>ully dilut<span class=\"_ _1\"></span>ed).<span class=\"_ _5d\"> </span></span></span></span>Le <span class=\"_ _29\"></span>partecipazioni <span class=\"_ _29\"></span>in <span class=\"_ _28\"></span>societ\u00e0 <span class=\"_ _29\"></span>collega<span class=\"_ _2\"></span>te <span class=\"_ _2\"></span>sono <span class=\"_ _28\"></span>sottoposte <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>un <span class=\"_ _29\"></span>test <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>verifica <span class=\"_ _29\"></span>del <span class=\"_ _29\"></span>valore <span class=\"_ _29\"></span>recupera<span class=\"_ _2\"></span>bile<span class=\"_ _5d\"> </span>qualora <span class=\"_ _23\"></span>eme<span class=\"_ _2\"></span>rgano <span class=\"_ _23\"></span>indicatori <span class=\"_ _23\"></span>di perdita <span class=\"_ _23\"></span>di <span class=\"_ _1\"></span>valore <span class=\"_ _1\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _23\"></span>alla<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>valutazione <span class=\"_ _1\"></span>col <span class=\"_ _23\"></span>metodo del <span class=\"_ _24\"></span>pa<span class=\"_ _2\"></span>trimonio<span class=\"_ _5d\"> </span>netto <span class=\"_ _2a\"></span>del<span class=\"_ _2\"></span>la <span class=\"_ _27\"></span>collegata <span class=\"_ _27\"></span>stessa. <span class=\"_ _2a\"></span>Il <span class=\"_ _27\"></span>valore <span class=\"_ _27\"></span>recuperabile <span class=\"_ _27\"></span>\u00e8 <span class=\"_ _2a\"></span>il <span class=\"_ _27\"></span>maggiore <span class=\"_ _27\"></span>tra <span class=\"_ _27\"></span>il <span class=\"_ _27\"></span><span class=\"ffb\">fair <span class=\"_ _27\"> </span>value</span>, <span class=\"_ _27\"></span>dedotti <span class=\"_ _27\"></span>i <span class=\"_ _2a\"></span>cos<span class=\"_ _2\"></span>ti <span class=\"_ _27\"></span>di<span class=\"_ _5d\"> </span>vendita, <span class=\"_ _2a\"></span>e <span class=\"_ _27\"></span>il <span class=\"_ _2a\"></span>proprio <span class=\"_ _27\"></span>valore, <span class=\"_ _2a\"></span>definito <span class=\"_ _27\"></span>in <span class=\"_ _2a\"></span>base <span class=\"_ _2a\"></span>a<span class=\"_ _2\"></span>l <span class=\"_ _2a\"></span>metodo <span class=\"_ _2a\"></span>dei <span class=\"_ _27\"></span>flussi <span class=\"_ _2a\"></span>futuri <span class=\"_ _27\"></span>di <span class=\"_ _2a\"></span>cassa <span class=\"_ _2a\"></span>attualiz<span class=\"_ _2\"></span>zati. <span class=\"_ _2a\"></span>Nel<span class=\"_ _5d\"> </span>determinare <span class=\"_ _23\"></span>il <span class=\"_ _23\"></span><span class=\"ffb\">fa<span class=\"_ _2\"></span>ir <span class=\"_ _23\"></span>value<span class=\"ff3\"> <span class=\"_ _23\"></span>al <span class=\"_ _23\"></span>netto <span class=\"_ _23\"></span>dei <span class=\"_ _23\"></span>cos<span class=\"_ _2\"></span>ti <span class=\"_ _24\"></span>di vendita<span class=\"_ _1\"></span> <span class=\"_ _23\"></span>delle <span class=\"_ _23\"></span>collegate, <span class=\"_ _23\"></span>vengono <span class=\"_ _23\"></span>innanzitutto <span class=\"_ _23\"></span>cons<span class=\"_ _2\"></span>iderati,<span class=\"_ _5d\"> </span></span></span>se disponibili, i prezzi ufficiali disponibili su mercati attivi.<span class=\"_ _5d\"> </span>In <span class=\"_ _22\"> </span>linea <span class=\"_ _22\"> </span>con <span class=\"_ _22\"> </span>le<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>raccomandazioni <span class=\"_ _22\"> </span>ESMA <span class=\"_ _22\"> </span>gli <span class=\"_ _22\"> </span>effetti <span class=\"_ _22\"> </span>diretti <span class=\"_ _22\"> </span>ed <span class=\"_ _25\"> </span>indiretti <span class=\"_ _22\"> </span>dei <span class=\"_ _22\"> </span>cambiamenti <span class=\"_ _22\"> </span>climatici<span class=\"_ _5d\"> </span>nonch\u00e9 del <span class=\"_ _23\"></span>conflitto in <span class=\"_ _23\"></span>Ucraina e delle <span class=\"_ _23\"></span>tensioni in M<span class=\"_ _1\"></span>edio Oriente <span class=\"_ _23\"></span>sono stati <span class=\"_ _1\"></span>presi in <span class=\"_ _23\"></span>considerazione<span class=\"_ _5d\"> </span>ai <span class=\"_ _23\"></span>fini <span class=\"_ _23\"></span>dell\u2019indivi<span class=\"_ _2\"></span>duazione <span class=\"_ _24\"></span>di <span class=\"_ _1\"></span>eventuali <span class=\"_ _23\"></span>indicatori <span class=\"_ _23\"></span>di <span class=\"_ _1\"></span>potenziale <span class=\"ffb\">i<span class=\"_ _23\"></span>m<span class=\"_ _2\"></span>pairment<span class=\"ff3\"> <span class=\"_ _23\"></span>dei <span class=\"_ _1\"></span><span class=\"ffb\">goodwill<span class=\"ff3\"> <span class=\"_ _23\"></span>incorporati <span class=\"_ _23\"></span>nelle<span class=\"_ _5d\"> </span></span></span></span></span>valutazioni <span class=\"_ _29\"></span>col <span class=\"_ _29\"></span>metodo <span class=\"_ _29\"></span>del <span class=\"_ _29\"></span>patrimonio <span class=\"_ _29\"></span>netto <span class=\"_ _29\"></span>del<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>societ\u00e0 <span class=\"_ _28\"></span>collegate <span class=\"_ _2\"></span>e <span class=\"_ _28\"></span>delle <span class=\"_ _29\"></span>loro <span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>rtecipate. <span class=\"_ _29\"></span>Nello<span class=\"_ _5d\"> </span>specifico  da <span class=\"_ _21\"> </span>tale <span class=\"_ _21\"> </span>ana<span class=\"_ _2\"></span>lisi  non  sono  emersi<span class=\"_ _2\"></span>  effetti <span class=\"_ _21\"> </span>pa<span class=\"_ _2\"></span>rticolarmente  significativi  specifici <span class=\"_ _26\"> </span>per  le<span class=\"_ _5d\"> </span>partecipazioni <span class=\"_ _28\"></span>detenute<span class=\"ff7\">; <span class=\"_ _29\"></span>qua<span class=\"_ _2\"></span>lcuna <span class=\"_ _29\"></span>potr\u00e0 <span class=\"_ _28\"></span>forse <span class=\"_ _28\"></span>risentire <span class=\"_ _28\"></span>dell\u2019eventuale <span class=\"_ _29\"></span>inc<span class=\"_ _2\"></span>remento <span class=\"_ _29\"></span>del <span class=\"_ _28\"></span>prezzo <span class=\"_ _29\"></span>del<span class=\"_ _2\"></span>le<span class=\"_ _5d\"> </span></span>materie prime e dell\u2019energia ma si tratta di fenomeni ben monitorati<span class=\"ff3\">.<span class=\"_ _5d\"> </span></span>Al momento <span class=\"_ _23\"></span>non <span class=\"_ _1\"></span>si <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ono r<span class=\"_ _23\"></span>egis<span class=\"_ _2\"></span>trati <span class=\"_ _23\"></span>impatti significativi <span class=\"_ _23\"></span>conseguenti all\u2019introduzione <span class=\"_ _23\"></span>di dazi <span class=\"_ _23\"></span>da p<span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>rte<span class=\"_ _5d\"> </span>degli <span class=\"_ _27\"></span>Stati <span class=\"_ _22\"> </span>Uniti, <span class=\"_ _22\"> </span>il <span class=\"_ _27\"></span>tema <span class=\"_ _27\"></span>viene <span class=\"_ _22\"> </span>costantemente <span class=\"_ _27\"></span>monitorato <span class=\"_ _27\"></span>anche<span class=\"_ _2\"></span> <span class=\"_ _27\"></span>per <span class=\"_ _22\"> </span>valutarne <span class=\"_ _27\"></span>eventuali <span class=\"_ _22\"> </span>impatti<span class=\"_ _5d\"> </span>futuri.<span class=\"_ _5d\"> </span>Il <span class=\"_ _24\"></span>risultato <span class=\"_ _23\"></span>dell\u2019a<span class=\"_ _2\"></span>nalisi <span class=\"_ _24\"></span>deg<span class=\"_ _2\"></span>li <span class=\"_ _24\"></span>eventuali <span class=\"_ _23\"></span>indicatori <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span><span class=\"ffb\">impairment<span class=\"_ _2\"></span><span class=\"ff3\"> <span class=\"_ _24\"></span>ha <span class=\"_ _23\"></span>comportato <span class=\"_ _23\"></span>la <span class=\"_ _23\"></span>necessit\u00e0 <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>procedere<span class=\"_ _5d\"> </span></span></span>ad <span class=\"_ _48\"> </span>alcuni <span class=\"_ _48\"> </span><span class=\"ffb\">impairment <span class=\"_ _48\"> </span>test</span> <span class=\"_ _48\"> </span>che<span class=\"_ _2\"></span>, <span class=\"_ _26\"> </span>effettuati <span class=\"_ _48\"> </span>sec<span class=\"_ _2\"></span>ondo <span class=\"_ _26\"> </span>le <span class=\"_ _48\"> </span>metodologie <span class=\"_ _48\"> </span>indic<span class=\"_ _2\"></span>ate, <span class=\"_ _26\"> </span>hanno <span class=\"_ _48\"> </span>portato <span class=\"_ _48\"> </span>ad<span class=\"_ _5d\"> </span>individuare <span class=\"_ _2a\"></span>delle <span class=\"_ _28\"></span>svalutazioni, <span class=\"_ _2a\"></span>commentate <span class=\"_ _2a\"></span>di <span class=\"_ _28\"></span>seguito, <span class=\"_ _2a\"></span>in <span class=\"_ _28\"></span>quanto <span class=\"_ _2a\"></span>il <span class=\"_ _2a\"></span>valore <span class=\"_ _28\"></span>recuperabile <span class=\"_ _2a\"></span>\u00e8 <span class=\"_ _2a\"></span>risultato<span class=\"_ _5d\"> </span>inferiore al relativo valore di iscrizione.<span class=\"_ _5d\"> </span>Le <span class=\"_ _2\"></span>valutazioni <span class=\"_ _2\"></span>ai <span class=\"_ _2\"></span>fini <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span><span class=\"ffb\">impairment <span class=\"_ _2\"></span>test</span> <span class=\"_ _2\"></span>sono <span class=\"_ _2\"></span>state <span class=\"_ _2\"></span>svolte <span class=\"_ _2\"></span>utilizzando <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>base <span class=\"_ _2\"></span>dati <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>riferimento <span class=\"_ _2\"></span>i piani economico-finanziari <span class=\"_ _1\"></span>pluriennali, redatti <span class=\"_ _1\"></span>su un <span class=\"_ _23\"></span>orizzonte temporale compreso tr<span class=\"_ _1\"></span>a 3 e<span class=\"_ _1\"></span> 5 <span class=\"_ _1\"></span>anni e<span class=\"_ _1\"></span> presentati <span class=\"_ _19\"> </span>agli <span class=\"_ _12\"> </span>organi <span class=\"_ _19\"> </span>amministrativi <span class=\"_ _19\"> </span>delle <span class=\"_ _19\"> </span>rispettive <span class=\"_ _19\"> </span>s<span class=\"_ _2\"></span>ociet\u00e0 <span class=\"_ _19\"> </span>oppure <span class=\"_ _19\"> </span>disponibili <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>seguito <span class=\"_ _12\"> </span>d<span class=\"_ _2\"></span>elle elaborazioni <span class=\"_ _28\"></span>pubblicate <span class=\"_ _29\"></span>dagli <span class=\"_ _28\"></span>analisti <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>ricerca, <span class=\"_ _28\"></span>e <span class=\"_ _29\"></span>sono <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>tate <span class=\"_ _29\"></span>sviluppate <span class=\"_ _28\"></span>avendo <span class=\"_ _29\"></span>riguardo <span class=\"_ _28\"></span>a <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>cenari alternativi per la stima del valore di medio-<span class=\"ff7\">lungo periodo (il cosiddetto \u201c<span class=\"ff15\">terminal value\u201d</span></span><span class=\"lsb\">).</span>  Il <span class=\"_ _27\"></span>tasso <span class=\"_ _22\"> </span>di <span class=\"_ _22\"></span>attualizzazione <span class=\"_ _27\"></span>dei <span class=\"_ _27\"></span>flussi <span class=\"_ _22\"> </span>\u00e8 <span class=\"_ _27\"></span>stato <span class=\"_ _22\"> </span>stimato <span class=\"_ _27\"></span>nella <span class=\"_ _22\"> </span>forma <span class=\"_ _27\"></span>del <span class=\"_ _22\"> </span>costo <span class=\"_ _22\"> </span>medio <span class=\"_ _27\"></span>ponderato <span class=\"_ _27\"></span>del capitale <span class=\"_ _48\"> </span>(cosiddetto <span class=\"_ _21\"> </span>\u201c<span class=\"_ _2\"></span><span class=\"ffb\">WACC</span>\u201d) <span class=\"_ _26\"> </span>sulla <span class=\"_ _48\"> </span>base <span class=\"_ _26\"> </span>dei <span class=\"_ _48\"> </span>parametri <span class=\"_ _26\"> </span>pubblicamente <span class=\"_ _26\"> </span>disponibili <span class=\"_ _48\"> </span>inerenti <span class=\"_ _26\"> </span>i rendimenti <span class=\"_ _25\"> </span>sul <span class=\"_ _25\"> </span>merca<span class=\"_ _2\"></span>to <span class=\"_ _25\"> </span>finanziario, <span class=\"_ _25\"> </span>il <span class=\"_ _25\"> </span>premio <span class=\"_ _19\"> </span>per <span class=\"_ _25\"> </span>il <span class=\"_ _25\"> </span>rischio <span class=\"_ _25\"> </span>azi<span class=\"_ _2\"></span>onario, <span class=\"_ _25\"> </span>il <span class=\"_ _25\"> </span>coefficiente <span class=\"_ _19\"> </span>di <span class=\"_ _22\"> </span>rischio settoriale <span class=\"_ _2\"></span>(cosiddetto \u201c<span class=\"ff15\">beta\u201d<span class=\"ff3\">), <span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>premi <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>il rischio <span class=\"_ _2\"></span>paese <span class=\"_ _2\"></span>ed <span class=\"_ _2\"></span>i premi <span class=\"_ _2\"></span>dimensionali elaborati <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>fonti </span></span>di dottrina autorevole in materia valutativa (Bloomberg, Kroll, Damodaran, etc.).  I tas<span class=\"_ _2\"></span>si di <span class=\"_ _2\"></span>attualizzazione utilizzati <span class=\"_ _2\"></span>negli esercizi <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span><span class=\"ffb\">impairment</span> al <span class=\"_ _2\"></span>31 <span class=\"_ _2\"></span>dicembre 2025 <span class=\"_ _2\"></span>variano <span class=\"_ _2\"></span>dal <span class=\"_ _2\"></span>9,0<span class=\"ls11\">% </span>al<span class=\"ff7 ls8\">l\u201911,1</span><span class=\"ls0\">%.  </span>Il <span class=\"_ _23\"></span>tass<span class=\"_ _2\"></span>o <span class=\"_ _23\"></span>di crescita <span class=\"_ _23\"></span>di <span class=\"_ _1\"></span>lungo <span class=\"_ _23\"></span>periodo <span class=\"_ _1\"></span>(cosiddetto <span class=\"_ _23\"></span>\u201c<span class=\"_ _2\"></span><span class=\"ffb\">g</span>\u201d) <span class=\"_ _23\"></span>\u00e8 stato <span class=\"_ _23\"></span>stimato <span class=\"_ _1\"></span>in <span class=\"_ _23\"></span>linea con <span class=\"_ _24\"></span>il tasso <span class=\"_ _23\"></span>di infla<span class=\"_ _1\"></span>zione attesa <span class=\"_ _23\"></span>nel <span class=\"_ _23\"></span>lungo <span class=\"_ _1\"></span>periodo, <span class=\"_ _23\"></span>tratto <span class=\"_ _23\"></span>dalle <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>time <span class=\"_ _23\"></span>del <span class=\"_ _23\"></span>Fondo <span class=\"_ _23\"></span>Monetario <span class=\"_ _23\"></span>Internazionale<span class=\"_ _2\"></span>. <span class=\"_ _24\"></span>Per <span class=\"_ _23\"></span>tutti <span class=\"_ _1\"></span>gli <span class=\"_ _23\"></span>esercizi tale parametro \u00e8 stato assunto pari al 2%. Le <span class=\"_ _22\"> </span><span class=\"ffb\">sensitivity</span> <span class=\"_ _27\"></span><span class=\"ff7\">rispetto <span class=\"_ _22\"> </span>ai <span class=\"_ _22\"> </span>parametri <span class=\"_ _27\"></span>va<span class=\"_ _2\"></span>lutativi <span class=\"_ _27\"></span>\u201cW<span class=\"_ _2\"></span>ACC\u201d <span class=\"_ _27\"></span>e <span class=\"_ _22\"> </span>\u201cg\u201d <span class=\"_ _22\"> </span>evidenziano <span class=\"_ _27\"></span>un <span class=\"_ _22\"> </span>limitato <span class=\"_ _22\"> </span>margine <span class=\"_ _22\"> </span>di </span>variazione <span class=\"_ _23\"></span>dei <span class=\"_ _23\"></span>parametri <span class=\"_ _23\"></span>dato <span class=\"_ _23\"></span>l\u2019utilizzo <span class=\"_ _23\"></span>gi\u00e0 <span class=\"_ _23\"></span>in <span class=\"_ _23\"></span>fase <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>valutazione <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>scenari <span class=\"_ _23\"></span>alternativi <span class=\"_ _23\"></span>che <span class=\"_ _23\"></span>\u201cmediano\u201d i <span class=\"_ _2\"></span>risultati <span class=\"_ _29\"></span>prospettici <span class=\"_ _2\"></span>e <span class=\"_ _29\"></span>la <span class=\"_ _29\"></span>stima <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>parametri <span class=\"_ _2\"></span>valuta<span class=\"_ _2\"></span>tivi <span class=\"_ _2\"></span>prudenti <span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>he <span class=\"_ _29\"></span>includono <span class=\"_ _2\"></span>tutte <span class=\"_ _29\"></span>le <span class=\"_ _2\"></span>compone<span class=\"_ _2\"></span>nti<span class=\"_ _1\"></span> di <span class=\"_ _19\"> </span>rischio <span class=\"_ _25\"> </span>addizionale <span class=\"_ _19\"> </span>normalmente <span class=\"_ _25\"> </span>s<span class=\"_ _2\"></span>uggerite <span class=\"_ _19\"> </span>dall<span class=\"_ _1\"></span>a <span class=\"_ _25\"> </span>dottrina <span class=\"_ _19\"> </span>(settore, <span class=\"_ _19\"> </span>country, <span class=\"_ _25\"> </span>small <span class=\"_ _19\"> </span>size <span class=\"_ _25\"> </span>per <span class=\"_ _19\"> </span>il WACC). <span class=\"_ _26\"> </span>Dati <span class=\"_ _48\"> </span>anche <span class=\"_ _26\"> </span>i <span class=\"_ _48\"> </span>risultati <span class=\"_ _26\"> </span>prodotti <span class=\"_ _26\"> </span>da <span class=\"_ _48\"> </span>metodi <span class=\"_ _26\"> </span>di <span class=\"_ _26\"> </span>controllo <span class=\"_ _48\"> </span>della <span class=\"_ _48\"> </span>valutazione, <span class=\"_ _21\"> </span>s<span class=\"_ _2\"></span>i <span class=\"_ _26\"> </span>ritiene ragionevole <span class=\"_ _8\"> </span>ed <span class=\"_ _8\"> </span>adeguatamente <span class=\"_ _8\"> </span>bilanciato <span class=\"_ _8\"> </span>il <span class=\"_ _8\"> </span>valore <span class=\"_ _8\"> </span>centrale <span class=\"_ _8\"> </span>della <span class=\"_ _2c\"> </span><span class=\"ffb\">sensitivity</span> <span class=\"_ _8\"> </span>selezionato <span class=\"_ _8\"> </span>come riferimento <span class=\"_ _2\"></span>per <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>risultato <span class=\"_ _29\"></span>dell\u2019analisi <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span><span class=\"ffb\">impairment<span class=\"ff3\">, <span class=\"_ _2\"></span>che <span class=\"_ _29\"></span>conferma <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>iscrizione <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>bilancio </span></span>al 31 dicembre 2025 ad eccezione dei casi seguenti. Nello  specifico, <span class=\"_ _21\"> </span>ai <span class=\"_ _26\"> </span>fini  dell\u2019<span class=\"ffb\">impairm<span class=\"_ _2\"></span>ent  test<span class=\"ff3\">  rela<span class=\"_ _2\"></span>tivo  al  valore <span class=\"_ _21\"> </span>di <span class=\"_ _26\"> </span>carico  della  partecipazione <span class=\"_ _26\"> </span>in </span></span>Dexelance <span class=\"_ _23\"></span>S.p.A., <span class=\"_ _24\"></span>considerando <span class=\"_ _24\"></span>che <span class=\"_ _23\"></span>il <span class=\"_ _23\"></span><span class=\"ffb\">management<span class=\"ff3\"> <span class=\"_ _23\"></span>di <span class=\"_ _24\"></span>TIP <span class=\"_ _23\"></span>\u00e8 <span class=\"_ _24\"></span>presente <span class=\"_ _23\"></span>nel <span class=\"_ _24\"></span>cons<span class=\"_ _2\"></span>iglio <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>amministrazione </span></span>della <span class=\"_ _28\"></span>societ\u00e0 <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span>quindi <span class=\"_ _28\"></span>con <span class=\"_ _29\"></span>access<span class=\"_ _2\"></span>o <span class=\"_ _29\"></span>diretto <span class=\"_ _28\"></span>alle <span class=\"_ _28\"></span>informazioni, <span class=\"_ _29\"></span>sono <span class=\"_ _28\"></span>state <span class=\"_ _28\"></span>prese <span class=\"_ _29\"></span>come <span class=\"_ _28\"></span>riferimento <span class=\"_ _29\"></span>le<span class=\"_ _2\"></span> risultanze degli esercizi di <span class=\"ffb\">impairment</span> svolti dalla partecipata stessa. Il <span class=\"_ _12\"> </span>valore  recup<span class=\"_ _1\"></span>erabile <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _19\"> </span>s<span class=\"_ _2\"></span>tato <span class=\"_ _12\"> </span>stimato <span class=\"_ _19\"> </span>da  Dexelance <span class=\"_ _19\"> </span>S.p.A., <span class=\"_ _12\"> </span>con  rif<span class=\"_ _1\"></span>erimento <span class=\"_ _19\"> </span>ad  ogni <span class=\"_ _19\"> </span>CGU  e successivamente  riconc<span class=\"_ _2\"></span>iliati  a <span class=\"_ _26\"> </span>livello <span class=\"_ _21\"> </span>cons<span class=\"_ _2\"></span>olidato,  nella <span class=\"_ _26\"> </span>configurazione  di <span class=\"_ _48\"> </span><span class=\"ffb\">value <span class=\"_ _21\"> </span>in<span class=\"_ _2\"></span>  use<span class=\"_ _2\"></span></span>  tramite l\u2019attualizzazione <span class=\"_ _22\"> </span>dei <span class=\"_ _22\"> </span>flussi <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>cassa <span class=\"_ _25\"> </span>del <span class=\"_ _22\"> </span>piano <span class=\"_ _22\"> </span>pluriennale <span class=\"_ _25\"> </span>2026<span class=\"_ _2\"></span><span class=\"ff3\">-2028 <span class=\"_ _22\"> </span>approvato <span class=\"_ _22\"> </span>dal <span class=\"_ _22\"> </span>Consiglio <span class=\"_ _25\"> </span>di </span>Amministrazione <span class=\"_ _29\"></span>nel <span class=\"_ _29\"></span>marzo <span class=\"_ _2\"></span>2026. <span class=\"_ _29\"></span>I <span class=\"_ _2\"></span>fluss<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>ca<span class=\"_ _2\"></span>ssa <span class=\"_ _2\"></span>prospettici <span class=\"_ _29\"></span>sono <span class=\"_ _29\"></span>stati <span class=\"_ _29\"></span>attualizza<span class=\"_ _2\"></span>ti <span class=\"_ _2\"></span>ad <span class=\"_ _29\"></span>un <span class=\"_ _29\"></span>tasso <span class=\"_ _28\"></span><span class=\"ff7\">\u2013</span> stimato nella configurazio<span class=\"_ _1\"></span>ne del WACC <span class=\"ff7\">\u2013</span> di <span class=\"_ _23\"></span>ci<span class=\"_ _2\"></span>rca il <span class=\"_ _1\"></span>10%, con un <span class=\"_ _23\"></span>tas<span class=\"_ _2\"></span>so di crescita <span class=\"_ _1\"></span>di lungo periodo \u201cg\u201d del 2%, allineato all\u2019inf<span class=\"ff3\">lazione attesa nel lungo periodo.  </span>Focalizzandoci <span class=\"_ _23\"></span>ai <span class=\"_ _23\"></span>fini <span class=\"_ _23\"></span>del b<span class=\"_ _23\"></span>ila<span class=\"_ _2\"></span>ncio <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>TIP <span class=\"_ _23\"></span>sulle <span class=\"_ _23\"></span>analisi <span class=\"_ _23\"></span>a <span class=\"_ _23\"></span>live<span class=\"_ _2\"></span>llo <span class=\"_ _23\"></span>consolidato, <span class=\"_ _23\"></span>l\u2019<span class=\"_ _2\"></span><span class=\"ffb\">impairment <span class=\"_ _23\"></span>test <span class=\"_ _23\"></span><span class=\"ff3\">ha <span class=\"_ _23\"></span>portato </span></span>alla <span class=\"_ _23\"></span>definizione <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>un <span class=\"_ _23\"></span>valore <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>Dexelance <span class=\"_ _23\"></span>S.p.A. <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>8,9 <span class=\"_ _24\"></span>euro <span class=\"_ _23\"></span>per <span class=\"_ _23\"></span>azione, <span class=\"_ _23\"></span>determinando <span class=\"_ _23\"></span>cos<span class=\"_ _2\"></span>\u00ec <span class=\"_ _24\"></span>un <span class=\"_ _23\"></span>minor valore <span class=\"_ _23\"></span>dei <span class=\"_ _23\"></span>beni <span class=\"_ _23\"></span>a <span class=\"_ _24\"></span>vita<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>utile <span class=\"_ _23\"></span>indefinita <span class=\"_ _23\"></span>(marchi) <span class=\"_ _23\"></span>e <span class=\"_ _23\"></span>dell\u2019avviamento <span class=\"_ _23\"></span>impliciti <span class=\"_ _23\"></span>nel <span class=\"_ _23\"></span>valore <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>iscrizione <span class=\"_ _23\"></span>della partecipazione nel bilancio consolidato di TIP di circa <span class=\"ls8\">30,3</span> milioni. Relativamente <span class=\"_ _24\"></span>alla<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>partecipazione <span class=\"_ _23\"></span>indirettamente <span class=\"_ _24\"></span>detenuta, <span class=\"_ _23\"></span>tramite <span class=\"_ _23\"></span>le <span class=\"_ _24\"></span>collegate <span class=\"_ _23\"></span>Itaca <span class=\"_ _23\"></span>Equity <span class=\"_ _24\"></span>Holding S.p.A. e Itaca Equity S.r.l., in Landi Renzo S.p.A., te<span class=\"_ _1\"></span>nuto conto da un lato del perdurare di risultati negativi <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>dall\u2019altro <span class=\"_ _2\"></span>del<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>azioni <span class=\"_ _28\"></span>intraprese <span class=\"_ _29\"></span>dal <span class=\"_ _29\"></span><span class=\"ffb\">management<span class=\"ff3\"> <span class=\"_ _29\"></span>della <span class=\"_ _29\"></span>stessa <span class=\"_ _29\"></span>Landi <span class=\"_ _29\"></span>Renzo <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>tenuto <span class=\"_ _29\"></span>conto </span></span>dell\u2019assenza <span class=\"_ _2a\"></span>di <span class=\"_ _2a\"></span>informazioni <span class=\"_ _2a\"></span>disponibili <span class=\"_ _2a\"></span>sui <span class=\"_ _2a\"></span>piani <span class=\"_ _2a\"></span>futuri, <span class=\"_ _2a\"></span>\u00e8 <span class=\"_ _2a\"></span>stato <span class=\"_ _2a\"></span>prudentemente <span class=\"_ _2a\"></span>allineato <span class=\"_ _2a\"></span>il <span class=\"_ _2a\"></span>valore della <span class=\"_ _2\"></span>partecipazione indiretta <span class=\"_ _2\"></span>in <span class=\"_ _2\"></span>Landi R<span class=\"_ _2\"></span>enzo ad <span class=\"_ _2\"></span>un <span class=\"_ _2\"></span>valore <span class=\"_ _2\"></span>per a<span class=\"_ _2\"></span>zione di <span class=\"_ _29\"></span><span class=\"ls8\">0,88</span> euro, <span class=\"_ _2\"></span>coe<span class=\"_ _2\"></span>rentemente<span class=\"_ _5d\"> </span>con <span class=\"_ _21\"> </span><span class=\"ls8\">la</span> <span class=\"_ _26\"> </span>quotazione <span class=\"_ _21\"> </span>media <span class=\"_ _21\"> </span>di <span class=\"_ _26\"> </span>borsa <span class=\"_ _26\"> </span>del  mese <span class=\"_ _26\"> </span>di  dicembre<span class=\"ls8\">. <span class=\"_ _21\"> </span></span>T<span class=\"_ _2\"></span>ale  rettifica  ha <span class=\"_ _26\"> </span>comportato <span class=\"_ _26\"> </span>una svalutazione pro quota nel bilancio consolidato di TIP di circa 3 milioni.<span class=\"_ _5d\"> </span>Allegato 1 <span class=\"ffa\">\u2013</span> Elenco delle partecipazioni possedute <table class=\"s w2f7 h129\" id=\"_deddfa83-0f63-442f-9f1c-880d89f4c037\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x28a ye70 w2f8 h12a\"><div class=\"t m0 x176 ha6 ye6f ff2 fs23 fc0 sc0 ls0 ws0\">valore<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x28b ye71 w11b ha5\"><div class=\"t m0 x15 ha6 ycc ff2 fs23 fc0 sc0 ls0 ws0\">Denomina<span class=\"_ _1\"></span>zione </div></td><td class=\"c x28c ye71 w11c ha5\"><div class=\"t m0 x15 ha6 ycc ff2 fs23 fc0 sc0 ls0 ws0\">sede </div></td><td></td><td class=\"c x28d ye71 w11e ha5\"><div class=\"t m0 x35 ha6 ycc ff2 fs23 fc0 sc0 ls0 ws0\">capitale  </div></td><td class=\"c x28e ye71 w11f ha5\"><div class=\"t m0 x15 ha6 ycc ff2 fs23 fc0 sc0 ls0 ws0\">quote o num<span class=\"_ _23\"></span>ero </div></td><td class=\"c x28f ye71 w120 ha5\"><div class=\"t m0 xa6 ha6 ycc ff2 fs23 fc0 sc0 ls0 ws0\">importo d<span class=\"_ _1\"></span>el  </div></td><td class=\"c x290 ye71 w121 ha5\"><div class=\"t m0 x33 ha6 ycc ff2 fs23 fc0 sc0 ls0 ws0\">quota o num<span class=\"_ _23\"></span>ero  </div></td><td class=\"c x291 ye71 w122 ha5\"><div class=\"t m0 xd2 ha6 ycc ff2 fs23 fc0 sc0 ls0 ws0\"> <span class=\"ls58\">% </span> </div></td><td class=\"c x292 ye71 w11e ha5\"><div class=\"t m0 x34 ha6 ycc ff2 fs23 fc0 sc0 ls0 ws0\">quota spett.<span class=\"_ _1\"></span> </div></td><td class=\"c x293 ye72 w2f9 h12b\"><div class=\"t m0 x176 ha6 ye6f ff2 fs23 fc0 sc0 ls0 ws0\">attribuito<span class=\"_ _5d\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x28d ye73 w11e ha7\"><div class=\"t m0 xa9 ha6 y77f ff2 fs23 fc0 sc0 ls0 ws0\">sociale </div></td><td class=\"c x28e ye73 w11f ha7\"><div class=\"t m0 x82 ha6 y77f ff2 fs23 fc0 sc0 ls0 ws0\">azioni </div></td><td class=\"c x28f ye73 w120 ha7\"><div class=\"t m0 x15 ha6 y77f ff2 fs23 fc0 sc0 ls0 ws0\">patrimonio <span class=\"_ _1\"></span>netto </div></td><td class=\"c x290 ye73 w121 ha7\"><div class=\"t m0 x15 ha6 y77f ff2 fs23 fc0 sc0 ls0 ws0\">azioni posse<span class=\"_ _1\"></span>dute </div></td><td class=\"c x291 ye73 w122 ha7\"><div class=\"t m0 x2b ha6 y77f ff2 fs23 fc0 sc0 ls0 ws0\"> possesso <span class=\"_ _23\"></span> </div></td><td class=\"c x292 ye73 w11e ha7\"><div class=\"t m0 x92 ha6 y77f ff2 fs23 fc0 sc0 ls0 ws0\">patr. netto </div></td><td class=\"c x294 ye73 w123 ha7\"><div class=\"t m0 x3a ha6 y77f ff2 fs23 fc0 sc0 ls0 ws0\"> in bilancio <span class=\"_ _23\"></span> </div></td></tr><tr><td class=\"c x28b ye74 w11b ha7\"><div class=\"t m0 x15 ha6 y77f ff2 fs23 fc0 sc0 ls0 ws0\">Imprese coll<span class=\"_ _23\"></span>egate </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x28b ye75 w11b hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Asset Italia S.p<span class=\"_ _23\"></span>.A. (1) </div></td><td class=\"c x28c ye75 w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Milano </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye76 w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">via Pontacci<span class=\"_ _1\"></span>o, 10 </div></td><td class=\"c x295 ye76 w11d hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye76 w11e hab\"><div class=\"t m0 xa6 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">5.343.13<span class=\"_ _1\"></span>1 </div></td><td class=\"c x28e ye76 w11f hab\"><div class=\"t m0 x26 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">100.000.<span class=\"_ _1\"></span>000 </div></td><td class=\"c x28f ye76 w120 hab\"><div class=\"t m0 x35 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">444.884.<span class=\"_ _1\"></span>914 </div></td><td class=\"c x290 ye76 w121 hab\"><div class=\"t m0 x73 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">20.000.0<span class=\"_ _1\"></span>00 </div></td><td class=\"c x291 ye76 w122 hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         20,00  </div></td><td class=\"c x292 ye76 w11e hab\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">88.976.9<span class=\"_ _1\"></span>83 </div></td><td class=\"c x294 ye76 w123 hab\"><div class=\"t m0 x3a haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">303.741.<span class=\"_ _1\"></span>956 </div></td></tr><tr><td class=\"c x28b ye77 w11b ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">Beta Utensil<span class=\"_ _1\"></span>i S.p.A. (2)<span class=\"_ _1\"></span> </div></td><td class=\"c x28c ye77 w11c ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">Sovico </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye78 w11c hac\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">via volta, <span class=\"_ _1\"></span>18 </div></td><td class=\"c x295 ye78 w11d hac\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye78 w11e hac\"><div class=\"t m0 xa6 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">1.000.00<span class=\"_ _1\"></span>0 </div></td><td class=\"c x28e ye78 w11f hac\"><div class=\"t m0 x2e haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">97.187.0<span class=\"_ _1\"></span>54 </div></td><td class=\"c x28f ye78 w120 hac\"><div class=\"t m0 x35 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">167.233.<span class=\"_ _1\"></span>652 </div></td><td class=\"c x290 ye78 w121 hac\"><div class=\"t m0 x73 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">47.615.8<span class=\"_ _1\"></span>54 </div></td><td class=\"c x291 ye78 w122 hac\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         48,99  </div></td><td class=\"c x292 ye78 w11e hac\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">81.934.5<span class=\"_ _1\"></span>05 </div></td><td class=\"c x294 ye78 w123 hac\"><div class=\"t m0 x3a haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">121.564.<span class=\"_ _1\"></span>511 </div></td></tr><tr><td class=\"c x28b ye79 w11b ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">Clubitaly S.p.<span class=\"_ _1\"></span>A. (1) </div></td><td class=\"c x28c ye79 w11c ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">Milano </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye7a w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">via Pontacci<span class=\"_ _1\"></span>o, 10 </div></td><td class=\"c x295 ye7a w11d hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye7a w11e hab\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">11.782.8<span class=\"_ _1\"></span>62 </div></td><td class=\"c x28e ye7a w11f hab\"><div class=\"t m0 x2e haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">11.782.8<span class=\"_ _1\"></span>62 </div></td><td class=\"c x28f ye7a w120 hab\"><div class=\"t m0 x35 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">140.567.<span class=\"_ _1\"></span>181 </div></td><td class=\"c x290 ye7a w121 hab\"><div class=\"t m0 x2d haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">5.143.90<span class=\"_ _1\"></span>0 </div></td><td class=\"c x291 ye7a w122 hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         43,66  </div></td><td class=\"c x292 ye7a w11e hab\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">61.365.6<span class=\"_ _1\"></span>96 </div></td><td class=\"c x294 ye7a w123 hab\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">47.278.6<span class=\"_ _1\"></span>08 </div></td></tr><tr><td class=\"c x28b ye7b w11b hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Dexelance S.p<span class=\"_ _23\"></span>.A. (1) </div></td><td class=\"c x28c ye7b w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Milano </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye7c w11c ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">Corso Venezi<span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>, 29 </div></td><td class=\"c x295 ye7c w11d ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye7c w11e ha7\"><div class=\"t m0 x0 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">26.926.2<span class=\"_ _1\"></span>98 </div></td><td class=\"c x28e ye7c w11f ha7\"><div class=\"t m0 x2e haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">26.926.2<span class=\"_ _1\"></span>98 </div></td><td class=\"c x28f ye7c w120 ha7\"><div class=\"t m0 xa9 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">97.493.6<span class=\"_ _1\"></span>33 </div></td><td class=\"c x290 ye7c w121 ha7\"><div class=\"t m0 x73 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">12.961.4<span class=\"_ _1\"></span>60 </div></td><td class=\"c x291 ye7c w122 ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         48,14  </div></td><td class=\"c x292 ye7c w11e ha7\"><div class=\"t m0 x0 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">46.930.3<span class=\"_ _1\"></span>22 </div></td><td class=\"c x294 ye7c w123 ha7\"><div class=\"t m0 x3a haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">115.356.<span class=\"_ _1\"></span>995 </div></td></tr><tr><td class=\"c x28b ye7d w11b hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Elica S.p.A. (<span class=\"_ _23\"></span>2<span class=\"_ _2\"></span>) </div></td><td class=\"c x28c ye7d w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Fabriano Anco<span class=\"_ _23\"></span>na </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye7e w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Via Ermanno<span class=\"_ _1\"></span> Casoli, <span class=\"_ _1\"></span>2 </div></td><td class=\"c x295 ye7e w11d hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye7e w11e hab\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">12.664.5<span class=\"_ _1\"></span>60 </div></td><td class=\"c x28e ye7e w11f hab\"><div class=\"t m0 x2e haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">63.322.8<span class=\"_ _1\"></span>00 </div></td><td class=\"c x28f ye7e w120 hab\"><div class=\"t m0 x35 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">112.214.<span class=\"_ _1\"></span>817 </div></td><td class=\"c x290 ye7e w121 hab\"><div class=\"t m0 x73 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">14.541.0<span class=\"_ _1\"></span>00 </div></td><td class=\"c x291 ye7e w122 hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         22,96  </div></td><td class=\"c x292 ye7e w11e hab\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">25.768.2<span class=\"_ _1\"></span>17 </div></td><td class=\"c x294 ye7e w123 hab\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">41.011.7<span class=\"_ _1\"></span>08 </div></td></tr><tr><td class=\"c x28b ye7f w11b hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Gatti &amp; Co<span class=\"_ _1\"></span>. GmbH (2) <span class=\"_ _1\"></span> </div></td><td class=\"c x28c ye7f w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Frankfurt <span class=\"_ _1\"></span>am Main </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye80 w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Bockenheimer <span class=\"_ _23\"></span>La<span class=\"_ _2\"></span>ndstr<span class=\"_ _1\"></span>. 51-<span class=\"ls59\">53</span> </div></td><td class=\"c x295 ye80 w11d hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye80 w11e hab\"><div class=\"t m0 x8a haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">35.700 </div></td><td class=\"c x28e ye80 w11f hab\"><div class=\"t m0 x82 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">35.700 </div></td><td class=\"c x28f ye80 w120 hab\"><div class=\"t m0 x82 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">268.366 </div></td><td class=\"c x290 ye80 w121 hab\"><div class=\"t m0 x8c haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">10.700 </div></td><td class=\"c x291 ye80 w122 hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         29,97  </div></td><td class=\"c x292 ye80 w11e hab\"><div class=\"t m0 x8a haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">80.435 </div></td><td class=\"c x294 ye80 w123 hab\"><div class=\"t m0 x76 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">245.296 </div></td></tr><tr><td class=\"c x28b ye81 w11b ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">Gruppo IP<span class=\"_ _1\"></span>G Holding S<span class=\"_ _23\"></span>.<span class=\"_ _2\"></span>p.A. (1)  </div></td><td class=\"c x28c ye81 w11c ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">Milano </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye82 w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">viale Bianc<span class=\"_ _1\"></span>a Maria, 24 </div></td><td class=\"c x295 ye82 w11d hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye82 w11e hab\"><div class=\"t m0 x76 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">161.219 </div></td><td class=\"c x28e ye82 w11f hab\"><div class=\"t m0 x85 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">209.823 </div></td><td class=\"c x28f ye82 w120 hab\"><div class=\"t m0 xa9 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">98.959.9<span class=\"_ _1\"></span>38 </div></td><td class=\"c x290 ye82 w121 hab\"><div class=\"t m0 x8c haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">56.492 </div></td><td class=\"c x291 ye82 w122 hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         26,92  </div></td><td class=\"c x292 ye82 w11e hab\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">26.643.6<span class=\"_ _1\"></span>23 </div></td><td class=\"c x294 ye82 w123 hab\"><div class=\"t m0 x3a haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">153.666.<span class=\"_ _1\"></span>035 </div></td></tr><tr><td class=\"c x28b ye83 w11b ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">Itaca Equity<span class=\"_ _1\"></span> Holding S.p<span class=\"_ _23\"></span>.<span class=\"_ _2\"></span>A. (1)  </div></td><td class=\"c x28c ye83 w11c ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">Milano </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye84 w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Viale Lunigi<span class=\"_ _1\"></span>ana 24 </div></td><td class=\"c x295 ye84 w11d hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye84 w11e hab\"><div class=\"t m0 xa6 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">7.237.83<span class=\"_ _1\"></span>0 </div></td><td class=\"c x28e ye84 w11f hab\"><div class=\"t m0 xa9 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">6.650.00<span class=\"_ _1\"></span>0 </div></td><td class=\"c x28f ye84 w120 hab\"><div class=\"t m0 xa9 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">16.390.8<span class=\"_ _1\"></span>22 </div></td><td class=\"c x290 ye84 w121 hab\"><div class=\"t m0 x2d haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">1.950.00<span class=\"_ _1\"></span>0 </div></td><td class=\"c x291 ye84 w122 hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         29,32  </div></td><td class=\"c x292 ye84 w11e hab\"><div class=\"t m0 xa6 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">4.806.33<span class=\"_ _1\"></span>1 </div></td><td class=\"c x294 ye84 w123 hab\"><div class=\"t m0 x26 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">3.647.01<span class=\"_ _1\"></span>6 </div></td></tr><tr><td class=\"c x28b ye85 w11b hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Itaca Equity<span class=\"_ _1\"></span> S.r.l. (<span class=\"_ _1\"></span>2)  </div></td><td class=\"c x28c ye85 w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Milano </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye86 w11c had\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">Viale Lunigi<span class=\"_ _1\"></span>ana 24 </div></td><td class=\"c x295 ye86 w11d had\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye86 w11e had\"><div class=\"t m0 x76 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">125.000 </div></td><td class=\"c x28e ye86 w11f had\"><div class=\"t m0 x85 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">125.000 </div></td><td class=\"c x28f ye86 w120 had\"><div class=\"t m0 x82 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">812.839 </div></td><td class=\"c x290 ye86 w121 had\"><div class=\"t m0 x8c haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">50.000 </div></td><td class=\"c x291 ye86 w122 had\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         40,00  </div></td><td class=\"c x292 ye86 w11e had\"><div class=\"t m0 x76 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">325.136 </div></td><td class=\"c x294 ye86 w123 had\"><div class=\"t m0 x76 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">397.849 </div></td></tr><tr><td class=\"c x28b ye87 w11b hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">ITH S.p.A. (<span class=\"_ _23\"></span>5<span class=\"_ _2\"></span>)  </div></td><td class=\"c x28c ye87 w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Empoli </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye88 w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Via del Pino <span class=\"_ _1\"></span>1 </div></td><td class=\"c x295 ye88 w11d hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye88 w11e hab\"><div class=\"t m0 x76 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">346.956 </div></td><td class=\"c x28e ye88 w11f hab\"><div class=\"t m0 x85 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">346.956 </div></td><td class=\"c x28f ye88 w120 hab\"><div class=\"t m0 xa9 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">56.078.4<span class=\"_ _1\"></span>65 </div></td><td class=\"c x290 ye88 w121 hab\"><div class=\"t m0 x8c haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">73.184 </div></td><td class=\"c x291 ye88 w122 hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         21,09  </div></td><td class=\"c x292 ye88 w11e hab\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">11.828.7<span class=\"_ _1\"></span>23 </div></td><td class=\"c x294 ye88 w123 hab\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">87.204.5<span class=\"_ _1\"></span>69 </div></td></tr><tr><td class=\"c x28b ye89 w11b hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Overlord S.p.<span class=\"_ _23\"></span>A.<span class=\"_ _2\"></span> (1) </div></td><td class=\"c x28c ye89 w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Milano </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye8a w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">via Pontacci<span class=\"_ _1\"></span>o, 10 </div></td><td class=\"c x295 ye8a w11d hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye8a w11e hab\"><div class=\"t m0 x76 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">991.500 </div></td><td class=\"c x28e ye8a w11f hab\"><div class=\"t m0 x2e haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">67.300.0<span class=\"_ _1\"></span>00 </div></td><td class=\"c x28f ye8a w120 hab\"><div class=\"t m0 xa9 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">67.164.1<span class=\"_ _1\"></span>49 </div></td><td class=\"c x290 ye8a w121 hab\"><div class=\"t m0 x73 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">27.000.0<span class=\"_ _1\"></span>00 </div></td><td class=\"c x291 ye8a w122 hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         40,12  </div></td><td class=\"c x292 ye8a w11e hab\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">26.945.4<span class=\"_ _1\"></span>98 </div></td><td class=\"c x294 ye8a w123 hab\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">26.941.8<span class=\"_ _1\"></span>34 </div></td></tr><tr><td class=\"c x28b ye8b w11b ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">OVS S.p.A. (<span class=\"_ _23\"></span>4<span class=\"_ _2\"></span>) </div></td><td class=\"c x28c ye8b w11c ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">Mestre Venezi<span class=\"_ _23\"></span>a </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye8c w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Via Terragli<span class=\"_ _1\"></span>o 17 </div></td><td class=\"c x295 ye8c w11d hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye8c w11e hab\"><div class=\"t m0 x2a haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">290.923.<span class=\"_ _1\"></span>470 </div></td><td class=\"c x28e ye8c w11f hab\"><div class=\"t m0 x26 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">255.032.<span class=\"_ _1\"></span>123 </div></td><td class=\"c x28f ye8c w120 hab\"><div class=\"t m0 x35 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">873.475.<span class=\"_ _1\"></span>230 </div></td><td class=\"c x290 ye8c w121 hab\"><div class=\"t m0 x73 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">82.744.3<span class=\"_ _1\"></span>73 </div></td><td class=\"c x291 ye8c w122 hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         32,44  </div></td><td class=\"c x292 ye8c w11e hab\"><div class=\"t m0 x2a haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">283.396.<span class=\"_ _1\"></span>301 </div></td><td class=\"c x294 ye8c w123 hab\"><div class=\"t m0 x3a haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">192.724.<span class=\"_ _1\"></span>238 </div></td></tr><tr><td class=\"c x28b ye8d w11b hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Palazzari &amp; <span class=\"_ _1\"></span>Turries Limit<span class=\"_ _1\"></span>ed (3) </div></td><td class=\"c x28c ye8d w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Hong Kong<span class=\"_ _1\"></span> </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye8e w11c ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">88 Queen's<span class=\"_ _1\"></span> Road </div></td><td class=\"c x295 ye8e w11d ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye8e w11e ha7\"><div class=\"t m0 x76 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">300.000 </div></td><td class=\"c x28e ye8e w11f ha7\"><div class=\"t m0 x85 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">300.000 </div></td><td class=\"c x28f ye8e w120 ha7\"><div class=\"t m0 x82 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">324.222 </div></td><td class=\"c x290 ye8e w121 ha7\"><div class=\"t m0 x8c haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">90.000 </div></td><td class=\"c x291 ye8e w122 ha7\"><div class=\"t m0 x71 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">30,00 </div></td><td class=\"c x292 ye8e w11e ha7\"><div class=\"t m0 x8a haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">97.267 </div></td><td class=\"c x294 ye8e w123 ha7\"><div class=\"t m0 x76 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">263.659 </div></td></tr><tr><td class=\"c x28b ye8f w11b hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Roche Bobois<span class=\"_ _23\"></span> <span class=\"_ _2\"></span>S.A. (2)<span class=\"_ _1\"></span> </div></td><td class=\"c x28c ye8f w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Parigi </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye90 w11c ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">18 Rue De<span class=\"_ _1\"></span> Lyon  </div></td><td class=\"c x295 ye90 w11d ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye90 w11e ha7\"><div class=\"t m0 x0 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">50.227.2<span class=\"_ _1\"></span>15 </div></td><td class=\"c x28e ye90 w11f ha7\"><div class=\"t m0 x2e haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">10.134.3<span class=\"_ _1\"></span>23 </div></td><td class=\"c x28f ye90 w120 ha7\"><div class=\"t m0 x35 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">147.815.<span class=\"_ _1\"></span>230 </div></td><td class=\"c x290 ye90 w121 ha7\"><div class=\"t m0 x2d haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">3.452.89<span class=\"_ _1\"></span>7 </div></td><td class=\"c x291 ye90 w122 ha7\"><div class=\"t m0 x15 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         34,07  </div></td><td class=\"c x292 ye90 w11e ha7\"><div class=\"t m0 x0 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">50.362.5<span class=\"_ _1\"></span>91 </div></td><td class=\"c x294 ye90 w123 ha7\"><div class=\"t m0 x0 haa y77f ff3 fs23 fc0 sc0 ls0 ws0\">84.834.2<span class=\"_ _1\"></span>67 </div></td></tr><tr><td class=\"c x28b ye91 w11b hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Sant'Agata S.p.<span class=\"_ _23\"></span>A<span class=\"_ _2\"></span>. (2) </div></td><td class=\"c x28c ye91 w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Biella </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x28c ye92 w11c hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">Via Sant'Agata<span class=\"_ _23\"></span>,9 </div></td><td class=\"c x295 ye92 w11d hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x28d ye92 w11e hab\"><div class=\"t m0 x76 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">100.000 </div></td><td class=\"c x28e ye92 w11f hab\"><div class=\"t m0 x2b haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">1.000 </div></td><td class=\"c x28f ye92 w120 hab\"><div class=\"t m0 xa9 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">24.564.3<span class=\"_ _1\"></span>91 </div></td><td class=\"c x290 ye92 w121 hab\"><div class=\"t m0 xb1 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">200 </div></td><td class=\"c x291 ye92 w122 hab\"><div class=\"t m0 x15 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">                 <span class=\"_ _1\"></span>         20,00  </div></td><td class=\"c x292 ye92 w11e hab\"><div class=\"t m0 xa6 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">4.912.87<span class=\"_ _1\"></span>8 </div></td><td class=\"c x294 ye92 w123 hab\"><div class=\"t m0 x0 haa ycc ff3 fs23 fc0 sc0 ls0 ws0\">68.866.9<span class=\"_ _1\"></span>15 </div></td></tr></table>(1) Valori relati<span class=\"_ _1\"></span>vi a patri<span class=\"_ _23\"></span>monio netto aggio<span class=\"_ _1\"></span>rnati al 31.<span class=\"_ _1\"></span>12.2025. (2) Valori relati<span class=\"_ _1\"></span>vi a patri<span class=\"_ _23\"></span>monio netto aggio<span class=\"_ _1\"></span>rnati al 31.<span class=\"_ _1\"></span>12.2024. (3) Capitale soc<span class=\"_ _1\"></span>iale in<span class=\"_ _1\"></span> dollari di Hong<span class=\"_ _1\"></span> Kong<span class=\"_ _1\"></span>. Valori rel<span class=\"_ _1\"></span>ativi a patri<span class=\"_ _1\"></span>monio netto <span class=\"_ _1\"></span>aggiornati<span class=\"_ _1\"></span> al 31.1<span class=\"_ _1\"></span>2.2024. Si<span class=\"_ _1\"></span> segnala che<span class=\"_ _23\"></span> l'i<span class=\"_ _2\"></span>mporto del patrimoni<span class=\"_ _1\"></span>o netto \u00e8 st<span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>to converti<span class=\"_ _1\"></span>to ad un ta<span class=\"_ _1\"></span>sso EUR<span class=\"_ _1\"></span>/HKD pari <span class=\"_ _1\"></span>a 0,1239 (rel<span class=\"_ _23\"></span>ativo al 31.12.202<span class=\"_ _1\"></span>4). (4) Valori relati<span class=\"_ _1\"></span>vi a patri<span class=\"_ _23\"></span>monio netto aggio<span class=\"_ _1\"></span>rnati al 31.<span class=\"_ _1\"></span>1.2025. (5) Valori relati<span class=\"_ _1\"></span>vi a patri<span class=\"_ _23\"></span>monio netto aggio<span class=\"_ _1\"></span>rnati al 30.<span class=\"_ _1\"></span>4.2025. I valori di bila<span class=\"_ _23\"></span>ncio si riferiscono all<span class=\"_ _1\"></span>'ultimo bi<span class=\"_ _1\"></span>lancio deposi<span class=\"_ _1\"></span>tato seco<span class=\"_ _1\"></span>ndo la nor<span class=\"_ _23\"></span>m<span class=\"_ _2\"></span>ativa cont<span class=\"_ _1\"></span>abile locale.<span class=\"_ _5d\"> </span>Allegato 3 <span class=\"ffa\">\u2013</span> Movimenti delle partecipazioni valutate con <span class=\"ls10\">il</span> metodo del patrimonio netto <table class=\"s w2fb h12d\" id=\"_5ce1cdb4-5b83-492a-92d3-97d1a1d1ddc3\"><tr><td></td><td class=\"c x2a4 yeaf w13f ha7\"><div class=\"t m0 x2a h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">Valore di bilancio<span class=\"_ _2\"></span> </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a5 yeaf w144 ha7\"><div class=\"t m0 x2a h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">Valore di bilancio<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x2a6 yeb0 w13e hb6\"><div class=\"t m0 x15 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">in euro </div></td><td class=\"c x2a4 yeb0 w13f hb6\"><div class=\"t m0 x2d h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">al 31.12.2023 </div></td><td></td><td></td><td class=\"c x2a7 yeb0 w141 hb6\"><div class=\"t m0 x2b h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">Quota di risultato<span class=\"_ _2\"></span> </div></td><td class=\"c x2a8 yeb0 w142 hb6\"><div class=\"t m0 x35 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">incrementi </div></td><td class=\"c x2a9 yeb0 w143 hb6\"><div class=\"t m0 x82 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">incrementi </div></td><td class=\"c x2aa yeb0 w109 hb6\"><div class=\"t m0 x2e h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">incrementi </div></td><td class=\"c x2ab yeb0 w13f hb6\"><div class=\"t m0 xd5 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">Dividendi </div></td><td class=\"c x2a5 yeb0 w144 hb6\"><div class=\"t m0 x2d h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">al 31.12.2024 </div></td></tr><tr><td></td><td></td><td class=\"c x2ac yeb1 w2fc h11c\"><div class=\"t m0 x176 h25 ye4f ff2 fs7 fc0 sc0 ls0 ws0\">Acquisti/</div></td><td class=\"c x2ad yeb1 w2fd h11c\"><div class=\"t m0 x176 h25 ye4f ff2 fs7 fc0 sc0 ls0 ws0\">riclassifi<span class=\"_ _2\"></span>che<span class=\"_ _5d\"> </span></div></td><td class=\"c x2a7 yeb2 w141 hb7\"><div class=\"t m0 xf5 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">di partecipazioni<span class=\"_ _2\"></span> </div></td><td class=\"c x2a8 yeb2 w142 hb7\"><div class=\"t m0 x0 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">(decrementi) </div></td><td class=\"c x2a9 yeb2 w143 hb7\"><div class=\"t m0 x2d h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">(decrementi) </div></td><td class=\"c x2aa yeb2 w109 hb7\"><div class=\"t m0 x32 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">(decrementi) </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2a7 yeb3 w141 hb6\"><div class=\"t m0 xc1 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">valutate con  </div></td><td class=\"c x2a8 yeb3 w142 hb6\"><div class=\"t m0 x34 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">riserva FVOCI </div></td><td class=\"c x2a9 yeb3 w143 hb6\"><div class=\"t m0 x88 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">riserva OCI </div></td><td class=\"c x2aa yeb3 w109 hb6\"><div class=\"t m0 x30 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">altre riserve<span class=\"_ _2\"></span> </div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2a7 yeb4 w141 hb6\"><div class=\"t m0 xaf h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">il metodo PN<span class=\"_ _2\"></span> </div></td><td class=\"c x2a8 yeb4 w142 hb6\"><div class=\"t m0 x26 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">senza rigiro </div></td><td class=\"c x2a9 yeb4 w143 hb6\"><div class=\"t m0 x2b h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">con rigiro </div></td><td></td><td></td><td></td></tr><tr><td class=\"c x2a6 yeb5 w13e hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Asset Italia S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x2a4 yeb5 w13f hb6\"><div class=\"t m0 x85 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">119.442.342 </div></td><td></td><td></td><td class=\"c x2a7 yeb5 w141 hb6\"><div class=\"t m0 xc2 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">11.408.012 </div></td><td></td><td class=\"c x2a9 yeb5 w143 hb6\"><div class=\"t m0 x8c h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(4.019.621) </div></td><td class=\"c x2aa yeb5 w109 hb6\"><div class=\"t m0 xf5 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">7.170 </div></td><td class=\"c x2ab yeb5 w13f hb6\"><div class=\"t m0 x82 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(6.407.109) </div></td><td class=\"c x2a5 yeb5 w144 hb6\"><div class=\"t m0 x85 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">120.430.795 </div></td></tr><tr><td class=\"c x2a6 yeb6 w13e hb7\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Beta Utensili S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x2a4 yeb6 w13f hb7\"><div class=\"t m0 x88 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">121.513.680 </div></td><td></td><td></td><td class=\"c x2a7 yeb6 w141 hb7\"><div class=\"t m0 x52 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">4.762.318 </div></td><td></td><td class=\"c x2a9 yeb6 w143 hb7\"><div class=\"t m0 xf5 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">1.599.524 </div></td><td></td><td class=\"c x2ab yeb6 w13f hb7\"><div class=\"t m0 x82 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(4.899.672) </div></td><td class=\"c x2a5 yeb6 w144 hb7\"><div class=\"t m0 x85 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">122.975.850 </div></td></tr><tr><td class=\"c x2a6 yeb7 w13e hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Clubitaly S.r.l. </div></td><td class=\"c x2a4 yeb7 w13f hb6\"><div class=\"t m0 x82 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">44.086.044 </div></td><td></td><td></td><td class=\"c x2a7 yeb7 w141 hb6\"><div class=\"t m0 xbd h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(30.593) </div></td><td></td><td></td><td></td><td></td><td class=\"c x2a5 yeb7 w144 hb6\"><div class=\"t m0 x82 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">44.055.451 </div></td></tr><tr><td class=\"c x2a6 yeb8 w13e hb8\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Elica S.p.A. </div></td><td class=\"c x2a4 yeb8 w13f hb8\"><div class=\"t m0 xd5 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">44.317.001 </div></td><td></td><td></td><td class=\"c x2a7 yeb8 w141 hb8\"><div class=\"t m0 x52 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">1.713.403 </div></td><td></td><td class=\"c x2a9 yeb8 w143 hb8\"><div class=\"t m0 x8c h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(1.610.488) </div></td><td class=\"c x2aa yeb8 w109 hb8\"><div class=\"t m0 x73 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(1.034.914) </div></td><td class=\"c x2ab yeb8 w13f hb8\"><div class=\"t m0 xf4 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(681.800) </div></td><td class=\"c x2a5 yeb8 w144 hb8\"><div class=\"t m0 x82 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">42.703.203 </div></td></tr><tr><td class=\"c x2a6 yeb9 w13e hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Gruppo IPG <span class=\"_ _2\"></span>Holding S.r.l. </div></td><td class=\"c x2a4 yeb9 w13f hb6\"><div class=\"t m0 x88 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">132.318.214 </div></td><td></td><td></td><td class=\"c x2a7 yeb9 w141 hb6\"><div class=\"t m0 xc2 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">12.592.430 </div></td><td></td><td class=\"c x2a9 yeb9 w143 hb6\"><div class=\"t m0 xf5 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">2.044.173 </div></td><td class=\"c x2aa yeb9 w109 hb6\"><div class=\"t m0 x78 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(364.612) </div></td><td></td><td class=\"c x2a5 yeb9 w144 hb6\"><div class=\"t m0 x85 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">146.590.205 </div></td></tr><tr><td class=\"c x2a6 yeba w13e hb7\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Itaca Equity Holding <span class=\"_ _2\"></span>S.p.A. <span class=\"_ _2\"></span><span class=\"fs22\">(1)</span> </div></td><td class=\"c x2a4 yeba w13f hb7\"><div class=\"t m0 x8c h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">7.583.487 </div></td><td></td><td class=\"c x2ae yeba w140 hb7\"><div class=\"t m0 xc1 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">2.447.207 </div></td><td class=\"c x2a7 yeba w141 hb7\"><div class=\"t m0 x7f h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(2.518.291) </div></td><td></td><td class=\"c x2a9 yeba w143 hb7\"><div class=\"t m0 x79 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">87.867 </div></td><td class=\"c x2aa yeba w109 hb7\"><div class=\"t m0 x8c h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">55.452 </div></td><td></td><td class=\"c x2a5 yeba w144 hb7\"><div class=\"t m0 x8c h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">7.655.722 </div></td></tr><tr><td class=\"c x2a6 yebb w13e hb7\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Itaca Equity S.r.l. <span class=\"_ _2\"></span><span class=\"fs22\">(1)</span> </div></td><td class=\"c x2a4 yebb w13f hb7\"><div class=\"t m0 x18 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">397.120 </div></td><td></td><td></td><td class=\"c x2a7 yebb w141 hb7\"><div class=\"t m0 x12d h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">27.975 </div></td><td></td><td class=\"c x2a9 yebb w143 hb7\"><div class=\"t m0 x79 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">67.545 </div></td><td class=\"c x2aa yebb w109 hb7\"><div class=\"t m0 xf5 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">1.280 </div></td><td></td><td class=\"c x2a5 yebb w144 hb7\"><div class=\"t m0 x18 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">493.919 </div></td></tr><tr><td class=\"c x2a6 yebc w13e hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Dexelance S.p.A.  </div></td><td class=\"c x2a4 yebc w13f hb6\"><div class=\"t m0 x85 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">148.429.841 </div></td><td></td><td class=\"c x2ae yebc w140 hb6\"><div class=\"t m0 xc1 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">2.633.245 </div></td><td class=\"c x2a7 yebc w141 hb6\"><div class=\"t m0 x52 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">6.887.808 </div></td><td></td><td class=\"c x2a9 yebc w143 hb6\"><div class=\"t m0 x6f h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(64.336) </div></td><td class=\"c x2aa yebc w109 hb6\"><div class=\"t m0 x78 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(303.004) </div></td><td></td><td class=\"c x2a5 yebc w144 hb6\"><div class=\"t m0 x85 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">157.583.555 </div></td></tr><tr><td class=\"c x2a6 yebd w13e hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">ITH S.p.A. <span class=\"_ _2\"></span>/ Sesa S.p.A. </div></td><td class=\"c x2a4 yebd w13f hb6\"><div class=\"t m0 xd5 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">82.857.014 </div></td><td></td><td class=\"c x2ae yebd w140 hb6\"><div class=\"t m0 xd2 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">886.604 </div></td><td class=\"c x2a7 yebd w141 hb6\"><div class=\"t m0 x52 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">6.796.936 </div></td><td></td><td class=\"c x2a9 yebd w143 hb6\"><div class=\"t m0 x69 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(271.428) </div></td><td class=\"c x2aa yebd w109 hb6\"><div class=\"t m0 x73 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(2.038.361) </div></td><td class=\"c x2ab yebd w13f hb6\"><div class=\"t m0 x82 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(1.061.168) </div></td><td class=\"c x2a5 yebd w144 hb6\"><div class=\"t m0 x82 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">87.169.597 </div></td></tr><tr><td class=\"c x2a6 yebe w13e hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Overlord S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x2a4 yebe w13f hb6\"><div class=\"t m0 x82 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">26.968.027 </div></td><td></td><td></td><td class=\"c x2a7 yebe w141 hb6\"><div class=\"t m0 xbd h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(12.935) </div></td><td></td><td></td><td></td><td></td><td class=\"c x2a5 yebe w144 hb6\"><div class=\"t m0 x82 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">26.955.092 </div></td></tr><tr><td class=\"c x2a6 yebf w13e hb7\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">OVS S.p.A. </div></td><td class=\"c x2a4 yebf w13f hb7\"><div class=\"t m0 x85 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">183.695.148 </div></td><td></td><td></td><td class=\"c x2a7 yebf w141 hb7\"><div class=\"t m0 xc2 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">18.249.713 </div></td><td></td><td class=\"c x2a9 yebf w143 hb7\"><div class=\"t m0 x69 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(127.402) </div></td><td class=\"c x2aa yebf w109 hb7\"><div class=\"t m0 x73 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(3.425.642) </div></td><td class=\"c x2ab yebf w13f hb7\"><div class=\"t m0 x82 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(8.274.437) </div></td><td class=\"c x2a5 yebf w144 hb7\"><div class=\"t m0 x88 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">190.117.380 </div></td></tr><tr><td class=\"c x2a6 yec0 w13e hb7\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Roche Bobois S<span class=\"_ _2\"></span>.A. </div></td><td class=\"c x2a4 yec0 w13f hb7\"><div class=\"t m0 x82 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">88.034.986 </div></td><td></td><td class=\"c x2ae yec0 w140 hb7\"><div class=\"t m0 xd2 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">256.510 </div></td><td class=\"c x2a7 yec0 w141 hb7\"><div class=\"t m0 x52 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">5.363.449 </div></td><td></td><td class=\"c x2a9 yec0 w143 hb7\"><div class=\"t m0 x6f h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(50.965) </div></td><td class=\"c x2aa yec0 w109 hb7\"><div class=\"t m0 x73 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(3.593.892) </div></td><td class=\"c x2ab yec0 w13f hb7\"><div class=\"t m0 x82 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(4.300.181) </div></td><td class=\"c x2a5 yec0 w144 hb7\"><div class=\"t m0 x82 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">85.709.906 </div></td></tr><tr><td class=\"c x2a6 yec1 w13e hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Sant'Agata S.<span class=\"_ _2\"></span>p.A. </div></td><td class=\"c x2a4 yec1 w13f hb6\"><div class=\"t m0 xd5 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">62.346.915 </div></td><td></td><td></td><td class=\"c x2a7 yec1 w141 hb6\"><div class=\"t m0 x52 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">4.393.000 </div></td><td></td><td class=\"c x2a9 yec1 w143 hb6\"><div class=\"t m0 xb1 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">256.000 </div></td><td class=\"c x2aa yec1 w109 hb6\"><div class=\"t m0 x8c h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(3.600) </div></td><td class=\"c x2ab yec1 w13f hb6\"><div class=\"t m0 xf4 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(480.000) </div></td><td class=\"c x2a5 yec1 w144 hb6\"><div class=\"t m0 xd5 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">66.512.315 </div></td></tr><tr><td class=\"c x2a6 yec2 w13e hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Altre collegate </div></td><td class=\"c x2a4 yec2 w13f hb6\"><div class=\"t m0 x18 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">644.651 </div></td><td></td><td></td><td class=\"c x2a7 yec2 w141 hb6\"><div class=\"t m0 xbd h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(91.707) </div></td><td></td><td></td><td></td><td></td><td class=\"c x2a5 yec2 w144 hb6\"><div class=\"t m0 x86 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">552.944 </div></td></tr><tr><td class=\"c x2a6 yec3 w13e hb6\"><div class=\"t m0 x15 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x2a4 yec3 w13f hb6\"><div class=\"t m0 x24 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">1.062.634.470 </div></td><td></td><td class=\"c x2ae yec3 w140 hb6\"><div class=\"t m0 xc1 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">6.223.566 </div></td><td class=\"c x2a7 yec3 w141 hb6\"><div class=\"t m0 xc2 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">69.541.519 </div></td><td class=\"c x2a8 yec3 w142 hb6\"><div class=\"t m0 xaf h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x2a9 yec3 w143 hb6\"><div class=\"t m0 x31 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">(2.089.131) </div></td><td class=\"c x2aa yec3 w109 hb6\"><div class=\"t m0 x35 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">(10.700.122) </div></td><td class=\"c x2ab yec3 w13f hb6\"><div class=\"t m0 x78 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">(26.104.367) </div></td><td class=\"c x2a5 yec3 w144 hb6\"><div class=\"t m0 xa9 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">1.099.505.934 </div></td></tr></table>(1)<span class=\"ff6\"> <span class=\"_ _58\"> </span></span><span class=\"ls5a\">La</span> movimenta<span class=\"_ _2\"></span>zione delle partecipa<span class=\"_ _2\"></span>te \u00e8 basata <span class=\"_ _2\"></span>sulle stime desumibili da<span class=\"_ _2\"></span>lle informazion<span class=\"_ _2\"></span>i finanziarie <span class=\"ff7\">\u201c<span class=\"ffb\">unaud<span class=\"_ _2\"></span>ited</span>\u201d</span> dispon<span class=\"_ _2\"></span>ibili di GBD/Landi<span class=\"_ _2\"></span> Renzo. <table class=\"s w2fe h12e\" id=\"_4791f62c-ea57-4586-86e4-fa4fe178c738\"><tr><td></td><td class=\"c x2af yec4 w63 ha7\"><div class=\"t m0 x1a h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">Valore di bilancio<span class=\"_ _2\"></span> </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a0 yec4 w14d ha7\"><div class=\"t m0 x93 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">Valore di bilancio<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x28b yec5 w145 hb6\"><div class=\"t m0 x15 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">in euro </div></td><td class=\"c x2af yec5 w63 hb6\"><div class=\"t m0 x76 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">al 31.12.2024 </div></td><td></td><td></td><td class=\"c x2b0 yec5 w147 hb6\"><div class=\"t m0 x85 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">Quota di risultato<span class=\"_ _2\"></span> </div></td><td class=\"c x2b1 yec5 w148 hb6\"><div class=\"t m0 x32 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">incrementi </div></td><td class=\"c x2b2 yec5 w149 hb6\"><div class=\"t m0 x78 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">incrementi </div></td><td class=\"c x2b3 yec5 w14a hb6\"><div class=\"t m0 x26 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">incrementi </div></td><td class=\"c x2b4 yec5 w14b hb6\"><div class=\"t m0 x2f h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">Svalutazioni<span class=\"_ _2\"></span> </div></td><td class=\"c x2b5 yec5 w14c hb6\"><div class=\"t m0 x78 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">Dividendi </div></td><td class=\"c x2a0 yec5 w14d hb6\"><div class=\"t m0 x78 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">al 31.12.2025 </div></td></tr><tr><td></td><td></td><td class=\"c x2b6 yec6 w2fc h11c\"><div class=\"t m0 x176 h25 ye4f ff2 fs7 fc0 sc0 ls0 ws0\">Acquisti/</div></td><td class=\"c x2b7 yec6 w2fd h11c\"><div class=\"t m0 x176 h25 ye4f ff2 fs7 fc0 sc0 ls0 ws0\">riclassifi<span class=\"_ _2\"></span>che<span class=\"_ _5d\"> </span></div></td><td class=\"c x2b0 yec7 w147 hb7\"><div class=\"t m0 x82 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">di partecipazioni<span class=\"_ _2\"></span> </div></td><td class=\"c x2b1 yec7 w148 hb7\"><div class=\"t m0 x3a h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">(decrementi) </div></td><td class=\"c x2b2 yec7 w149 hb7\"><div class=\"t m0 x2e h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">(decrementi) </div></td><td class=\"c x2b3 yec7 w14a hb7\"><div class=\"t m0 x2a h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">(decrementi) </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2b0 yec8 w147 hb6\"><div class=\"t m0 x79 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">valutate con  </div></td><td class=\"c x2b1 yec8 w148 hb6\"><div class=\"t m0 x1f h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">riserva FVOCI<span class=\"_ _2\"></span> </div></td><td class=\"c x2b2 yec8 w149 hb6\"><div class=\"t m0 x8a h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">riserva OCI </div></td><td class=\"c x2b3 yec8 w14a hb6\"><div class=\"t m0 x23 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">altre riserve </div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2b0 yec9 w147 hb6\"><div class=\"t m0 x6f h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">il metodo PN<span class=\"_ _2\"></span> </div></td><td class=\"c x2b1 yec9 w148 hb6\"><div class=\"t m0 x92 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">senza rigiro<span class=\"_ _2\"></span> </div></td><td class=\"c x2b2 yec9 w149 hb6\"><div class=\"t m0 x88 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">con rigiro </div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x28b yeca w145 hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Asset Italia S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x2af yeca w63 hb6\"><div class=\"t m0 x24 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">120.430.795 </div></td><td></td><td class=\"c x2b8 yeca w146 hb6\"><div class=\"t m0 x72 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">90.631.612 </div></td><td class=\"c x2b0 yeca w147 hb6\"><div class=\"t m0 xc1 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">94.576.222 </div></td><td></td><td class=\"c x2b2 yeca w149 hb6\"><div class=\"t m0 x31 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(879.938) </div></td><td class=\"c x2b3 yeca w14a hb6\"><div class=\"t m0 x31 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">8.402 </div></td><td></td><td class=\"c x2b5 yeca w14c hb6\"><div class=\"t m0 x78 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(1.025.137) </div></td><td class=\"c x2a0 yeca w14d hb6\"><div class=\"t m0 x88 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">303.741.956 </div></td></tr><tr><td class=\"c x28b yecb w145 hb7\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Beta Utensili S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x2af yecb w63 hb7\"><div class=\"t m0 x24 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">122.975.850 </div></td><td></td><td></td><td class=\"c x2b0 yecb w147 hb7\"><div class=\"t m0 x91 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">4.808.369 </div></td><td></td><td class=\"c x2b2 yecb w149 hb7\"><div class=\"t m0 x85 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(2.296.161) </div></td><td></td><td></td><td class=\"c x2b5 yecb w14c hb7\"><div class=\"t m0 x78 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(3.923.546) </div></td><td class=\"c x2a0 yecb w14d hb7\"><div class=\"t m0 x82 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">121.564.511 </div></td></tr><tr><td class=\"c x28b yecc w145 hb7\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Clubitaly S.r.l. </div></td><td class=\"c x2af yecc w63 hb7\"><div class=\"t m0 x78 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">44.055.451 </div></td><td></td><td class=\"c x2b8 yecc w146 hb7\"><div class=\"t m0 xaf h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">3.268.010 </div></td><td class=\"c x2b0 yecc w147 hb7\"><div class=\"t m0 xc2 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(44.854) </div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a0 yecc w14d hb7\"><div class=\"t m0 x31 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">47.278.608 </div></td></tr><tr><td class=\"c x28b yecd w145 hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Dexelance S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x2af yecd w63 hb6\"><div class=\"t m0 x24 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">157.583.555 </div></td><td></td><td class=\"c x2b8 yecd w146 hb6\"><div class=\"t m0 x84 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x2b0 yecd w147 hb6\"><div class=\"t m0 x131 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(10.432.792) </div></td><td></td><td class=\"c x2b2 yecd w149 hb6\"><div class=\"t m0 x18 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">11.745 </div></td><td class=\"c x2b3 yecd w14a hb6\"><div class=\"t m0 x30 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(1.710.755) </div></td><td class=\"c x2b4 yecd w14b hb6\"><div class=\"t m0 x2a h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(30.094.758) </div></td><td></td><td class=\"c x2a0 yecd w14d hb6\"><div class=\"t m0 x82 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">115.356.995 </div></td></tr><tr><td class=\"c x28b yece w145 hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Elica S.p.A. </div></td><td class=\"c x2af yece w63 hb6\"><div class=\"t m0 x78 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">42.703.203 </div></td><td></td><td class=\"c x2b8 yece w146 hb6\"><div class=\"t m0 xaf h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">1.345.109 </div></td><td class=\"c x2b0 yece w147 hb6\"><div class=\"t m0 xc1 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(2.423.824) </div></td><td></td><td class=\"c x2b2 yece w149 hb6\"><div class=\"t m0 xf5 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">793.870 </div></td><td class=\"c x2b3 yece w14a hb6\"><div class=\"t m0 xa9 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(843.449) </div></td><td></td><td class=\"c x2b5 yece w14c hb6\"><div class=\"t m0 x82 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(563.200) </div></td><td class=\"c x2a0 yece w14d hb6\"><div class=\"t m0 x8c h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">41.011.708 </div></td></tr><tr><td class=\"c x28b yecf w145 hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Gruppo IPG <span class=\"_ _2\"></span>Holding S.r.l. </div></td><td class=\"c x2af yecf w63 hb6\"><div class=\"t m0 x24 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">146.590.205 </div></td><td></td><td></td><td class=\"c x2b0 yecf w147 hb6\"><div class=\"t m0 xc1 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">11.982.657 </div></td><td></td><td class=\"c x2b2 yecf w149 hb6\"><div class=\"t m0 x85 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(4.575.665) </div></td><td class=\"c x2b3 yecf w14a hb6\"><div class=\"t m0 xa9 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(331.162) </div></td><td></td><td></td><td class=\"c x2a0 yecf w14d hb6\"><div class=\"t m0 x88 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">153.666.035 </div></td></tr><tr><td class=\"c x28b yed0 w145 hb7\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Itaca Equity Holding <span class=\"_ _2\"></span>S.p.A. (1)<span class=\"_ _2\"></span> </div></td><td class=\"c x2af yed0 w63 hb7\"><div class=\"t m0 x88 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">7.655.722 </div></td><td></td><td></td><td class=\"c x2b0 yed0 w147 hb7\"><div class=\"t m0 xc1 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(1.307.297) </div></td><td></td><td></td><td></td><td class=\"c x2b4 yed0 w14b hb7\"><div class=\"t m0 x0 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(2.701.409) </div></td><td></td><td class=\"c x2a0 yed0 w14d hb7\"><div class=\"t m0 xf4 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">3.647.016 </div></td></tr><tr><td class=\"c x28b yed1 w145 hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Itaca Equity S.r.l. (1)<span class=\"_ _2\"></span> </div></td><td class=\"c x2af yed1 w63 hb6\"><div class=\"t m0 x2b h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">493.919 </div></td><td></td><td></td><td class=\"c x2b0 yed1 w147 hb6\"><div class=\"t m0 x77 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">149.370 </div></td><td></td><td></td><td></td><td class=\"c x2b4 yed1 w14b hb6\"><div class=\"t m0 x30 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(245.439) </div></td><td></td><td class=\"c x2a0 yed1 w14d hb6\"><div class=\"t m0 x6f h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">397.849 </div></td></tr><tr><td class=\"c x28b yed2 w145 hb8\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">ITH S.p.A. <span class=\"_ _2\"></span>/ SeSa S.p.A. </div></td><td class=\"c x2af yed2 w63 hb8\"><div class=\"t m0 x78 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">87.169.597 </div></td><td></td><td></td><td class=\"c x2b0 yed2 w147 hb8\"><div class=\"t m0 x91 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">7.274.625 </div></td><td></td><td class=\"c x2b2 yed2 w149 hb8\"><div class=\"t m0 x2c h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(11.600) </div></td><td class=\"c x2b3 yed2 w14a hb8\"><div class=\"t m0 x30 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(6.155.886) </div></td><td></td><td class=\"c x2b5 yed2 w14c hb8\"><div class=\"t m0 x78 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(1.072.168) </div></td><td class=\"c x2a0 yed2 w14d hb8\"><div class=\"t m0 x31 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">87.204.569 </div></td></tr><tr><td class=\"c x28b yed3 w145 hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Overlord S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x2af yed3 w63 hb6\"><div class=\"t m0 x78 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">26.955.092 </div></td><td></td><td></td><td class=\"c x2b0 yed3 w147 hb6\"><div class=\"t m0 xc2 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(13.258) </div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a0 yed3 w14d hb6\"><div class=\"t m0 x31 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">26.941.834 </div></td></tr><tr><td class=\"c x28b yed4 w145 hb7\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">OVS S.p.A. </div></td><td class=\"c x2af yed4 w63 hb7\"><div class=\"t m0 x8a h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">190.117.380 </div></td><td></td><td></td><td class=\"c x2b0 yed4 w147 hb7\"><div class=\"t m0 xc1 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">15.867.006 </div></td><td></td><td class=\"c x2b2 yed4 w149 hb7\"><div class=\"t m0 x31 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(134.798) </div></td><td class=\"c x2b3 yed4 w14a hb7\"><div class=\"t m0 x30 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(4.023.470) </div></td><td></td><td class=\"c x2b5 yed4 w14c hb7\"><div class=\"t m0 x78 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(9.101.881) </div></td><td class=\"c x2a0 yed4 w14d hb7\"><div class=\"t m0 x88 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">192.724.238 </div></td></tr><tr><td class=\"c x28b yed5 w145 hb7\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Roche Bobois S<span class=\"_ _2\"></span>.A. </div></td><td class=\"c x2af yed5 w63 hb7\"><div class=\"t m0 x78 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">85.709.906 </div></td><td></td><td class=\"c x2b8 yed5 w146 hb7\"><div class=\"t m0 xc1 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">237.223 </div></td><td class=\"c x2b0 yed5 w147 hb7\"><div class=\"t m0 x91 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">3.537.380 </div></td><td></td><td class=\"c x2b2 yed5 w149 hb7\"><div class=\"t m0 x2c h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(99.503) </div></td><td class=\"c x2b3 yed5 w14a hb7\"><div class=\"t m0 xa9 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(238.183) </div></td><td></td><td class=\"c x2b5 yed5 w14c hb7\"><div class=\"t m0 x78 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(4.312.556) </div></td><td class=\"c x2a0 yed5 w14d hb7\"><div class=\"t m0 x31 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">84.834.267 </div></td></tr><tr><td class=\"c x28b yed6 w145 hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Sant'Agata S.<span class=\"_ _2\"></span>p.A. </div></td><td class=\"c x2af yed6 w63 hb6\"><div class=\"t m0 x38 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">66.512.315 </div></td><td></td><td></td><td class=\"c x2b0 yed6 w147 hb6\"><div class=\"t m0 x91 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">3.652.600 </div></td><td></td><td class=\"c x2b2 yed6 w149 hb6\"><div class=\"t m0 x31 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(598.000) </div></td><td></td><td></td><td class=\"c x2b5 yed6 w14c hb6\"><div class=\"t m0 x82 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(700.000) </div></td><td class=\"c x2a0 yed6 w14d hb6\"><div class=\"t m0 x31 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">68.866.915 </div></td></tr><tr><td class=\"c x28b yed7 w145 hb6\"><div class=\"t m0 x15 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">Altre collegate </div></td><td class=\"c x2af yed7 w63 hb6\"><div class=\"t m0 x2b h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">552.944 </div></td><td></td><td></td><td class=\"c x2b0 yed7 w147 hb6\"><div class=\"t m0 xc2 h82 y641 ff3 fs7 fc0 sc0 ls0 ws0\">(43.989) </div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a0 yed7 w14d hb6\"><div class=\"t m0 x6f h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">508.955 </div></td></tr><tr><td class=\"c x28b yed8 w145 hb6\"><div class=\"t m0 x15 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x2af yed8 w63 hb6\"><div class=\"t m0 x35 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">1.099.505.934 </div></td><td></td><td class=\"c x2b8 yed8 w146 hb6\"><div class=\"t m0 x72 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">95.481.954 </div></td><td class=\"c x2b0 yed8 w147 hb6\"><div class=\"t m0 x71 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">127.582.216 </div></td><td class=\"c x2b1 yed8 w148 hb6\"><div class=\"t m0 xb1 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x2b2 yed8 w149 hb6\"><div class=\"t m0 x78 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">(7.790.050) </div></td><td class=\"c x2b3 yed8 w14a hb6\"><div class=\"t m0 x23 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">(13.294.504) </div></td><td class=\"c x2b4 yed8 w14b hb6\"><div class=\"t m0 x3a h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">(33.041.607) </div></td><td class=\"c x2b5 yed8 w14c hb6\"><div class=\"t m0 x73 h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">(20.698.488) </div></td><td class=\"c x2a0 yed8 w14d hb6\"><div class=\"t m0 x8a h25 y641 ff2 fs7 fc0 sc0 ls0 ws0\">1.247.745.455 </div></td></tr></table>(1) La movimentaz<span class=\"_ _2\"></span>ione delle partecipate \u00e8 ba<span class=\"_ _2\"></span>sata su stime riferite ai risu<span class=\"_ _2\"></span>ltati di GBD/Landi <span class=\"_ _2\"></span>Renzo<span class=\"_ _2\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-474": {
   "value": "(1<span class=\"ls0\">6) Attivit\u00e0 finanziarie correnti e non correnti valutate a FVTPL </span><table class=\"s w252 h10e\" id=\"_6f0e14cf-5390-4c7c-b0bc-d38aa2e6e7cb\"><tr><td class=\"c x189 yd4f wa2 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro <span class=\"_ _38\"> </span> </div></td><td class=\"c x1e2 yd4f wa3 h4d\"><div class=\"t m0 x92 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre <span class=\"ls36\">2025</span><span class=\"ls36\"><span class=\"_ _2\"></span></span><span class=\"ff3\"> </span></div></td><td class=\"c x1e4 yd4f wa4 h4d\"><div class=\"t m0 x35 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yd50 wa2 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 finanziarie<span class=\"_ _2\"></span> non correnti<span class=\"_ _2\"></span> valutate a FVTPL<span class=\"_ _2\"></span> </div></td><td class=\"c x1e2 yd50 wa3 h4d\"><div class=\"t m0 xda hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1e4 yd50 wa4 h4d\"><div class=\"t m0 x7e hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">2.312.192 </div></td></tr><tr><td class=\"c x189 ycf1 wa2 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 finanziarie<span class=\"_ _2\"></span> correnti valutate <span class=\"_ _2\"></span>a FVTPL </div></td><td class=\"c x1e2 ycf1 wa3 h4e\"><div class=\"t m0 x79 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">3.<span class=\"ls36\">004</span>.<span class=\"ls36\">272</span> </div></td><td class=\"c x1e4 ycf1 wa4 h4e\"><div class=\"t m0 x7a hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr></table>Le<span class=\"ls0\"> <span class=\"_ _48\"> </span>attivit\u00e0 <span class=\"_ _8\"> </span>finanziarie <span class=\"_ _48\"> </span>valutate <span class=\"_ _8\"> </span>a <span class=\"_ _48\"> </span>FVTPL <span class=\"_ _8\"> </span><span class=\"ls3\">si</span> <span class=\"_ _48\"> </span>riferiscono <span class=\"_ _48\"> </span>a <span class=\"_ _8\"> </span>prestiti <span class=\"_ _48\"> </span>obbligazionari <span class=\"_ _48\"> </span>conv<span class=\"_ _2\"></span>ertibili </span>riclassificati <span class=\"_ _28\"></span>da <span class=\"_ _28\"></span>non <span class=\"_ _28\"></span>correnti <span class=\"_ _28\"></span>a <span class=\"_ _28\"></span>correnti <span class=\"_ _28\"></span>sulla <span class=\"_ _28\"></span>base <span class=\"_ _28\"></span>della <span class=\"_ _2a\"></span>data <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>cadenza. <span class=\"_ _28\"></span>Inoltre <span class=\"_ _29\"></span>includono <span class=\"_ _2a\"></span>azioni quotate <span class=\"_ _29\"></span>Dexelance <span class=\"_ _29\"></span>S.p.A. <span class=\"_ _29\"></span>cla<span class=\"_ _2\"></span>ssificate <span class=\"_ _29\"></span>tra <span class=\"_ _29\"></span><span class=\"ls8\">le</span> <span class=\"_ _29\"></span>attivit\u00e0 <span class=\"_ _29\"></span>correnti <span class=\"_ _29\"></span><span class=\"ls8\">in</span> <span class=\"_ _29\"></span>quanto <span class=\"_ _29\"></span>des<span class=\"_ _2\"></span>tinate <span class=\"_ _29\"></span><span class=\"ff7\">all\u2019<span class=\"_ _2\"></span>assegnazione</span> <span class=\"_ _29\"></span><span class=\"lsa\">ai</span> soci recedenti Investindesign S.p.A. come commentato nella Relazione sulla Gestione. (<span class=\"lsa\">19</span>) Attivit\u00e0 finanziarie correnti valutate a FVOCI <table class=\"s w254 h110\" id=\"_2354f799-8b27-4497-a3f9-9b3cb4f883b7\"><tr><td class=\"c x189 yd56 wa8 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro <span class=\"_ _38\"> </span> </div></td><td class=\"c x1e2 yd56 wa9 h4d\"><div class=\"t m0 x32 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\"> 31 dicembre 202<span class=\"_ _2\"></span>5<span class=\"ff3\"> </span></div></td><td class=\"c x1e6 yd56 waa h4d\"><div class=\"t m0 x23 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yd57 wa8 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Attivit\u00e0 finanziarie<span class=\"_ _2\"></span> correnti valutate <span class=\"_ _2\"></span>a FVOCI </div></td><td class=\"c x1e2 yd57 wa9 h4e\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">41<span class=\"ls0\">.</span>735<span class=\"ls0\">.</span>082<span class=\"ls0\"> </span></div></td><td class=\"c x1e6 yd57 waa h4e\"><div class=\"t m0 x72 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">27.575.366 </div></td></tr><tr><td class=\"c x189 yd58 wa8 h4e\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1e2 yd58 wa9 h4e\"><div class=\"t m0 xaf h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">41<span class=\"ls0\">.</span>735<span class=\"ls0\">.</span>082<span class=\"ls0\"> </span></div></td><td class=\"c x1e6 yd58 waa h4e\"><div class=\"t m0 xb1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">27.575.366 </div></td></tr></table>Si<span class=\"ls0\"> tratta <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _2\"></span>finanzia<span class=\"_ _2\"></span>rie <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>derivate <span class=\"_ _2\"></span>costituite <span class=\"_ _2\"></span>da <span class=\"_ _2\"></span>investimenti <span class=\"_ _2\"></span></span>in<span class=\"ls0\"> <span class=\"_ _2\"></span>titoli <span class=\"_ _2\"></span>obbligaziona<span class=\"_ _2\"></span>ri <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>titoli </span>di <span class=\"_ _22\"> </span>stato <span class=\"_ _22\"> </span><span class=\"lsa\">al</span> <span class=\"_ _22\"> </span>fine <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>impiego <span class=\"_ _27\"></span>temporaneo<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>liquidit\u00e0. <span class=\"_ _22\"> </span>Alcuni <span class=\"_ _22\"> </span>titoli, <span class=\"_ _22\"> </span>del <span class=\"_ _22\"> </span>valore <span class=\"_ _22\"> </span>complessivo <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>8,3 milioni, sono a collaterale di <span class=\"ls9\">un</span> finanziamento.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-450": {
   "value": "(17) Crediti commerciali <table class=\"s w253 h10f\" id=\"_c5454cb1-8a5c-4517-a033-698f26037100\"><tr><td class=\"c x1ab yd51 wa5 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro <span class=\"_ _38\"> </span> </div></td><td class=\"c x1e5 yd51 wa6 h4d\"><div class=\"t m0 x93 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span><span class=\"ff3\"> </span></div></td><td class=\"c x1d7 yd51 wa7 h4d\"><div class=\"t m0 x73 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span><span class=\"ff3\"> </span></div></td></tr><tr><td class=\"c x1ab yd52 wa5 h73\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Crediti ver<span class=\"_ _2\"></span>so clienti (al lordo del <span class=\"_ _2\"></span>f.do svalutazione) </div></td><td class=\"c x1e5 yd52 wa6 h73\"><div class=\"t m0 xc1 hf y49f ff3 fs0 fc0 sc0 ls36 ws0\">734<span class=\"ls0\">.</span>886<span class=\"ls0\"> </span></div></td><td class=\"c x1d7 yd52 wa7 h73\"><div class=\"t m0 xca hf y49f ff3 fs0 fc0 sc0 ls0 ws0\">466.361 </div></td></tr><tr><td class=\"c x1ab yd53 wa5 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Fondo svalutazione c<span class=\"_ _2\"></span>rediti </div></td><td class=\"c x1e5 yd53 wa6 h4d\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(177.809) </div></td><td class=\"c x1d7 yd53 wa7 h4d\"><div class=\"t m0 x7f hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(177.809) </div></td></tr><tr><td class=\"c x1ab yd54 wa5 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1e5 yd54 wa6 h4d\"><div class=\"t m0 xc1 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">557<span class=\"ls0\">.</span>077<span class=\"ls0\"> </span></div></td><td class=\"c x1d7 yd54 wa7 h4d\"><div class=\"t m0 x90 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">288.552 </div></td></tr><tr><td class=\"c x1ab yd55 wa5 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Totale Crediti ve<span class=\"_ _2\"></span>rso clienti oltre <span class=\"_ _2\"></span>i <span class=\"ls36\">12</span> mesi </div></td><td class=\"c x1e5 yd55 wa6 h4d\"><div class=\"t m0 xdb hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1d7 yd55 wa7 h4d\"><div class=\"t m0 xdc hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr></table>L\u2019andamento<span class=\"ff3\"> <span class=\"_ _19\"> </span>dei <span class=\"_ _19\"> </span>crediti <span class=\"_ _19\"> </span>commerciali <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>strettamente <span class=\"_ _19\"> </span>legato <span class=\"_ _19\"> </span><span class=\"lsa\">al</span> <span class=\"_ _19\"> </span>diverso <span class=\"_ _19\"> </span>mix <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>fattur<span class=\"_ _1\"></span>ato <span class=\"_ _19\"> </span>tra <span class=\"_ _19\"> </span><span class=\"ls8\">la</span> </span>componente di ricavi <span class=\"lsf\">da<span class=\"_ _2\"></span></span> <span class=\"ffb\">success fee</span> rispetto <span class=\"lsa\">ai</span> ricavi per servizi<span class=\"ffb\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-449": {
   "value": "(1<span class=\"ls0\">8) Strumenti derivati<span class=\"_ _5d\"> </span></span>La<span class=\"ls0\"> <span class=\"_ _28\"></span>voc<span class=\"_ _2\"></span>e <span class=\"_ _28\"></span>s<span class=\"_ _2\"></span>trumenti <span class=\"_ _28\"></span>derivati <span class=\"_ _28\"></span>\u00e8<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>relativa<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>a <span class=\"_ _2a\"></span>strumenti <span class=\"_ _2a\"></span>ETF <span class=\"_ _28\"></span>Short <span class=\"_ _2a\"></span>acquistati <span class=\"_ _2a\"></span>per <span class=\"_ _2a\"></span>far <span class=\"_ _28\"></span>fronte <span class=\"_ _2a\"></span>agli <span class=\"_ _2a\"></span>ingenti<span class=\"_ _5d\"> </span></span>investimenti <span class=\"ls8\">in</span> portafoglio e opzioni <span class=\"ls3\">su</span> azioni Hugo Boss.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-451": {
   "value": "(2<span class=\"ls0\">0) Disponibilit\u00e0 liquide e mezzi equivalenti<span class=\"_ _2\"></span> </span>La<span class=\"ls0\"> <span class=\"_ _19\"> </span>voce <span class=\"_ _19\"> </span>rappresenta <span class=\"_ _19\"> </span><span class=\"ls8\">il</span> <span class=\"_ _25\"> </span>saldo <span class=\"_ _19\"> </span>dei <span class=\"_ _19\"> </span>depositi <span class=\"_ _25\"> </span>bancari, <span class=\"_ _19\"> </span>fruttiferi <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>interessi, <span class=\"_ _19\"> </span>determinato <span class=\"_ _19\"> </span>dal <span class=\"_ _25\"> </span>valore </span>nominale dei conti correnti intrattenuti con <span class=\"ls8\">le</span> istituzioni creditizie. <table class=\"s w255 hf2\" id=\"_ac8b1180-7686-4832-8750-23ff818f868d\"><tr><td class=\"c x189 yc72 wac h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro<span class=\"ff3\"> </span></div></td><td class=\"c x1e7 yc72 wa9 h4d\"><div class=\"t m0 x26 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span><span class=\"ff3\"> </span></div></td><td class=\"c x1e8 yc72 wad h4d\"><div class=\"t m0 x26 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yc74 wac h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Depositi bancari<span class=\"_ _2\"></span>  </div></td><td class=\"c x1e7 yc74 wa9 h4e\"><div class=\"t m0 x1d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">4.<span class=\"ls36\">388</span>.<span class=\"ls36\">750</span> </div></td><td class=\"c x1e8 yc74 wad h4e\"><div class=\"t m0 x1d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">3.583.365 </div></td></tr><tr><td class=\"c x189 yc76 wac h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Denaro e valori in cassa<span class=\"_ _2\"></span> </div></td><td class=\"c x1e7 yc76 wa9 h4d\"><div class=\"t m0 x87 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">4.<span class=\"ls36\">070</span> </div></td><td class=\"c x1e8 yc76 wad h4d\"><div class=\"t m0 x87 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">5.548 </div></td></tr><tr><td class=\"c x189 yc77 wac h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1e7 yc77 wa9 h4d\"><div class=\"t m0 x1d h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">4.<span class=\"ls36\">392</span>.<span class=\"ls36\">820</span> </div></td><td class=\"c x1e8 yc77 wad h4d\"><div class=\"t m0 x1d h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">3.588.913 </div></td></tr></table>La<span class=\"ls0\"> <span class=\"_ _2\"></span>tabella <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>segue <span class=\"_ _2\"></span>riporta <span class=\"_ _2\"></span><span class=\"ls8\">la</span> <span class=\"_ _2\"></span>composizione<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>della posizione<span class=\"_ _2\"></span> finanz<span class=\"_ _2\"></span>iaria netta<span class=\"_ _2\"></span> <span class=\"lsa\">al</span> <span class=\"_ _2\"></span><span class=\"ls8\">31</span> <span class=\"_ _2\"></span>dicembre <span class=\"_ _2\"></span><span class=\"ls8\">202</span>5 </span>che <span class=\"ls3\">si</span> confronta con <span class=\"ls8\">la</span> posizione finanziaria netta <span class=\"lsa\">al</span> <span class=\"ls8\">31</span> dicembre <span class=\"ls8\">202</span>4. <table class=\"s w256 h111\" id=\"_8154b56d-7634-4a62-b63e-97ac29d9809f\"><tr><td class=\"c x189 yd59 wae h45\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro<span class=\"ff3\"> </span></div></td><td></td><td class=\"c x1e7 yd59 wa9 h45\"><div class=\"t m0 x26 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span><span class=\"ff3\"> </span></div></td><td class=\"c x1e8 yd59 wad h45\"><div class=\"t m0 x26 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yd5a wae h69\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">A </div></td><td class=\"c x1e9 yd5a waf h69\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Disponibilit\u00e0 liquide<span class=\"_ _2\"></span>  </div></td><td class=\"c x1e7 yd5a wa9 h69\"><div class=\"t m0 x1d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">4.392.820 </div></td><td class=\"c x1e8 yd5a wad h69\"><div class=\"t m0 x1d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">3.<span class=\"ls36\">588</span>.<span class=\"ls36\">913</span> </div></td></tr><tr><td class=\"c x189 yd5b wae h45\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">B </div></td><td class=\"c x1e9 yd5b waf h45\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Mezzi eq<span class=\"_ _2\"></span>uivalenti a disponibilit\u00e0<span class=\"_ _2\"></span> liquide<span class=\"ff1\"> </span></div></td><td class=\"c x1e7 yd5b wa9 h45\"><div class=\"t m0 x98 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1e8 yd5b wad h45\"><div class=\"t m0 x98 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x187 yd5c w257 he4\" colspan=\"2\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">C<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1ea hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">Altre attivit\u00e0 finanzia<span class=\"_ _2\"></span>rie corre<span class=\"_ _2\"></span>nti</div></td><td class=\"c x1e7 yd5d wa9 h45\"><div class=\"t m0 x8c hf y291 ff3 fs0 fc0 sc0 ls4 ws0\">     <span class=\"ls0\">51.595.250  </span></div></td><td class=\"c x1e8 yd5d wad h45\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">33.<span class=\"ls36\">122</span>.<span class=\"ls36\">930</span> </div></td></tr><tr><td class=\"c x187 yd5e w258 he5\" colspan=\"2\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">D<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1ea h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">Liquidit\u00e0 (A+B+C<span class=\"_ _2\"></span>)</div></td><td class=\"c x1e7 yd5f wa9 h45\"><div class=\"t m0 x31 h77 y291 ff16 fs3 fc0 sc0 ls4d ws0\">     <span class=\"ff2 fs0 ls0\">55.988.070</span><span class=\"ls0\"> <span class=\"ff2 fs0\"> </span></span></div></td><td class=\"c x1e8 yd5f wad h45\"><div class=\"t m0 xaf h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">36.<span class=\"ls36\">711</span>.<span class=\"ls36\">843</span> </div></td></tr><tr><td></td><td class=\"c x1eb yd60 w259 he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">Debito finanziario corrente (i<span class=\"_ _2\"></span>nclusi gli strumenti di d<span class=\"_ _2\"></span>ebito,<span class=\"_ _5d\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x189 yd61 wae h78\"><div class=\"t m0 x15 hf y3eb ff3 fs0 fc0 sc0 ls0 ws0\">E </div></td><td class=\"c x1eb yd62 w25a he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">ma esclusa la parte c<span class=\"_ _2\"></span>orrente del debito finanziario no<span class=\"_ _2\"></span>n<span class=\"_ _5d\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x1eb yd63 w25b he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">corrente)</div></td><td class=\"c x1e7 yd61 wa9 h78\"><div class=\"t m0 x8c hf y291 ff3 fs0 fc0 sc0 ls4 ws0\">     <span class=\"ls0\">64.795.299  </span></div></td><td class=\"c x1e8 yd61 wad h78\"><div class=\"t m0 x6f hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">128<span class=\"ls0\">.</span>030<span class=\"ls0\">.</span>315<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 yd64 wae h45\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">F </div></td><td class=\"c x1e9 yd64 waf h45\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Parte corrente d<span class=\"_ _2\"></span>el debito finanziario non corrente<span class=\"_ _29\"></span> </div></td><td class=\"c x1e7 yd64 wa9 h45\"><div class=\"t m0 x8c hf y291 ff3 fs0 fc0 sc0 ls4 ws0\">     <span class=\"ls0\">10.108.279  </span></div></td><td class=\"c x1e8 yd64 wad h45\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">11.<span class=\"ls36\">167</span>.<span class=\"ls36\">982</span> </div></td></tr><tr><td class=\"c x189 yd65 wae h45\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">G </div></td><td class=\"c x1e9 yd65 waf h45\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Indebitamento finanziari<span class=\"_ _2\"></span>o corrente <span class=\"_ _2\"></span>(E+F)<span class=\"_ _2\"></span> </div></td><td class=\"c x1e7 yd65 wa9 h45\"><div class=\"t m0 x31 h9 y291 ff2 fs0 fc0 sc0 ls4 ws0\">     <span class=\"ls0\">74.903.578  </span></div></td><td class=\"c x1e8 yd65 wad h45\"><div class=\"t m0 xb1 h9 y291 ff2 fs0 fc0 sc0 ls34 ws0\">139<span class=\"ls0\">.</span>198<span class=\"ls0\">.<span class=\"ls36\">297</span></span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 yd66 wae h45\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">H </div></td><td class=\"c x1e9 yd66 waf h45\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Indebitamento finanziari<span class=\"_ _2\"></span>o corrente <span class=\"_ _2\"></span>netto (G-<span class=\"_ _2\"></span><span class=\"ls4e\">D</span><span class=\"ls4e\">)</span> </div></td><td class=\"c x1e7 yd66 wa9 h45\"><div class=\"t m0 x8c h9 y291 ff2 fs0 fc0 sc0 ls4 ws0\">     <span class=\"ls0\">18.915.508  </span></div></td><td class=\"c x1e8 yd66 wad h45\"><div class=\"t m0 x6f h9 y291 ff2 fs0 fc0 sc0 ls34 ws0\">102<span class=\"ls0\">.<span class=\"ls36\">486</span>.<span class=\"ls36\">454</span></span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 yd67 wae h79\"><div class=\"t m0 x15 hf y5d6 ff3 fs0 fc0 sc0 ls0 ws0\">I </div></td><td class=\"c x1eb yd68 w25c he5\"><div class=\"t m0 x176 hf yc3d ff3 fs0 fc0 sc0 ls0 ws0\">Debito finanziario non c<span class=\"_ _2\"></span>orrente (esclusi la <span class=\"_ _2\"></span>parte corrente e<span class=\"_ _5d\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x1eb yd69 w25d he5\"><div class=\"t m0 x176 hf yc3d ff3 fs0 fc0 sc0 ls0 ws0\">gli strumenti di debito)</div></td><td class=\"c x1e7 yd67 wa9 h79\"><div class=\"t m0 x8c hf y326 ff3 fs0 fc0 sc0 ls4 ws0\">     <span class=\"ls0\">75.544.083  </span></div></td><td class=\"c x1e8 yd67 wad h79\"><div class=\"t m0 xaf hf y326 ff3 fs0 fc0 sc0 ls36 ws0\">30<span class=\"ls42\">.3</span>79<span class=\"ls0\">.</span>487<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 yd6a wae h45\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">J </div></td><td class=\"c x1e9 yd6a waf h45\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Strumenti di debito<span class=\"_ _2\"></span> </div></td><td class=\"c x1e7 yd6a wa9 h45\"><div class=\"t m0 x8c hf y291 ff3 fs0 fc0 sc0 ls4 ws0\">   <span class=\"ls0\">400.672.520  </span></div></td><td class=\"c x1e8 yd6a wad h45\"><div class=\"t m0 x6f hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">289.245.045 </div></td></tr><tr><td class=\"c x189 yd6b wae h45\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">K </div></td><td class=\"c x1e9 yd6b waf h45\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Debiti commerciali e<span class=\"_ _2\"></span> altri debiti non correnti<span class=\"_ _29\"></span> </div></td><td class=\"c x1e7 yd6b wa9 h45\"><div class=\"t m0 x98 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1e8 yd6b wad h45\"><div class=\"t m0 x98 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x187 yd6c w25e he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">L<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1ea h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">Indebitamento finanziari<span class=\"_ _2\"></span>o non corren<span class=\"_ _2\"></span>te (I+J+K)</div></td><td></td><td class=\"c x1e7 yd6d wa9 h45\"><div class=\"t m0 x8c h9 y291 ff2 fs0 fc0 sc0 ls4 ws0\">   <span class=\"ls0\">476.216.603  </span></div></td><td class=\"c x1e8 yd6d wad h45\"><div class=\"t m0 x6f h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">319<span class=\"ls0\">.</span>624<span class=\"ls0\">.</span>532<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 ybcc w25f he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">M<span class=\"_ _5d\"> </span></div><div class=\"t m0 x1ea h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">Totale indebitamento<span class=\"_ _2\"></span> finanziar<span class=\"_ _2\"></span>io (H+L)</div></td><td></td><td class=\"c x1e7 yd6e wa9 h45\"><div class=\"t m0 x2c h9 y291 ff2 fs0 fc0 sc0 ls4 ws0\">   <span class=\"ls0\">495.132.111  </span></div></td><td class=\"c x1e8 yd6e wad h45\"><div class=\"t m0 xb1 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">4<span class=\"ls36\">22</span>.<span class=\"ls34\">110</span>.<span class=\"ls36\">986</span> </div></td></tr></table>La<span class=\"ls0\"> posizione finanz<span class=\"_ _2\"></span>iaria netta consolidata del Gruppo TIP <span class=\"lsa\">al</span> 31 dicembre <span class=\"ls8\">2025,</span> senza considerare </span>attivit\u00e0 <span class=\"_ _2\"></span>finanziarie<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>non <span class=\"_ _2\"></span>correnti <span class=\"_ _2\"></span>ritenute <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>otto <span class=\"_ _2\"></span><span class=\"ls8\">il</span> <span class=\"_ _2\"></span>pro<span class=\"_ _2\"></span>filo <span class=\"_ _2\"></span>gestional<span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>liquidit\u00e0 <span class=\"_ _2\"></span>utilizza<span class=\"_ _2\"></span>bile <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>breve,<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>era negativa per <span class=\"ls8\">495</span>,1 milioni, rispetto <span class=\"lsa\">ai</span> <span class=\"ls8\">422,1</span> milioni<span class=\"_ _23\"></span> <span class=\"ls1a\">al<span class=\"_ _2\"></span></span> <span class=\"ls8\">31</span> dicembre <span class=\"ls8\">2024.</span> <span class=\"ls4f\">La</span> variazione<span class=\"_ _2\"></span> del periodo \u00e8 <span class=\"_ _18\"> </span>essenzialmente <span class=\"_ _18\"> </span>riferibile <span class=\"_ _2c\"> </span><span class=\"ff7\">all\u2019utilizzo</span> <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>liquidit\u00e0 <span class=\"_ _18\"> </span>nel <span class=\"_ _18\"> </span>periodo <span class=\"_ _2c\"> </span>per <span class=\"_ _18\"> </span>i <span class=\"_ _18\"> </span>nuovi <span class=\"_ _18\"> </span>investimenti <span class=\"_ _18\"> </span><span class=\"ls8\">in</span> partecipazioni <span class=\"_ _23\"></span>(<span class=\"ls8\">100</span>,2 <span class=\"_ _24\"></span>milioni), <span class=\"_ _24\"></span>per <span class=\"_ _24\"></span><span class=\"ls8\">la<span class=\"_ _2\"></span><span class=\"ls0\"> <span class=\"_ _24\"></span>distribuzione <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>dividendi <span class=\"_ _24\"></span>(26,2 <span class=\"_ _23\"></span>milioni), <span class=\"_ _24\"></span>per <span class=\"_ _23\"></span><span class=\"ff7\">l\u2019acquisto<span class=\"ff3\"> <span class=\"_ _23\"></span>di <span class=\"_ _24\"></span>azioni </span></span></span></span>proprie <span class=\"_ _23\"></span>(<span class=\"ls8\">24</span>,7 milioni) <span class=\"_ _24\"></span>e p<span class=\"_ _1\"></span>er <span class=\"_ _23\"></span>gli oneri<span class=\"_ _23\"></span> di <span class=\"_ _23\"></span>gestione, <span class=\"_ _23\"></span><span class=\"lsa\">al<span class=\"ls0\"> <span class=\"_ _23\"></span>netto <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>incassi. <span class=\"_ _23\"></span>Facendo <span class=\"_ _23\"></span>seguito <span class=\"_ _1\"></span><span class=\"ff7\">all\u2019emissione<span class=\"ff3\"> </span></span></span></span>nel <span class=\"_ _22\"> </span>giugno <span class=\"_ _22\"> </span><span class=\"ls8\">2024</span> <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span><span class=\"ls9\">un</span> <span class=\"_ _22\"> </span>prestito <span class=\"_ _22\"> </span>obbligazionario <span class=\"_ _22\"> </span><span class=\"ff7\">dell\u2019importo</span> <span class=\"_ _22\"> </span>nominale <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>euro <span class=\"_ _22\"> </span><span class=\"ls8\">290.500.000,</span> <span class=\"_ _22\"> </span>nel giugno <span class=\"_ _27\"></span><span class=\"ls8\">2025</span> <span class=\"_ _22\"> </span>\u00e8 <span class=\"_ _27\"></span>stata<span class=\"_ _2\"></span> <span class=\"_ _27\"></span>finalizzata<span class=\"_ _2\"></span> <span class=\"_ _27\"></span><span class=\"ff7\">l\u2019emissione</span> <span class=\"_ _22\"> </span><span class=\"ff7\">(\u201cTAP</span> <span class=\"_ _27\"></span><span class=\"ff7\">Issue\u201d)</span> <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span><span class=\"ls9\">una</span> <span class=\"_ _27\"></span>quota <span class=\"_ _22\"> </span>addiziona<span class=\"ls8\">le</span> <span class=\"_ _27\"></span>del <span class=\"_ _22\"> </span>prestito obbligazionario <span class=\"ffb\">unrated</span>, non subordinato e non garantito, fungibile e <span class=\"lsf\">da<span class=\"_ _2\"></span></span> consolidarsi con <span class=\"ls8\">il</span> prestito obbligazionario <span class=\"_ _19\"> </span>originario. <span class=\"_ _19\"> </span><span class=\"lsc\">In</span> <span class=\"_ _19\"> </span>particolare <span class=\"_ _19\"> </span>sono <span class=\"_ _25\"> </span>state <span class=\"_ _19\"> </span>collocate <span class=\"_ _19\"> </span>obbligazioni <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span><span class=\"ls9\">un</span> <span class=\"_ _25\"> </span>ammontare<span class=\"_ _2\"></span> nominale <span class=\"_ _19\"> </span>complessivo <span class=\"_ _19\"> </span>pari <span class=\"_ _19\"> </span>a  <span class=\"ls8\">110</span> <span class=\"_ _19\"> </span>milion<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span><span class=\"lsa\">ad</span> <span class=\"_ _19\"> </span><span class=\"ls9\">un</span> <span class=\"_ _19\"> </span>prezzo <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>emissione <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span><span class=\"ls8\">101,75%</span> <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>valore nominale, <span class=\"_ _22\"> </span>per <span class=\"_ _27\"></span><span class=\"ls9\">un</span> <span class=\"_ _22\"> </span>totale <span class=\"_ _27\"></span>di <span class=\"_ _22\"> </span>circa <span class=\"_ _22\"> </span><span class=\"ls8\">112</span> <span class=\"_ _27\"></span>milioni<span class=\"_ _2\"></span>. <span class=\"_ _27\"></span><span class=\"lsc\">In</span> <span class=\"_ _22\"> </span>luglio <span class=\"_ _22\"> </span><span class=\"ls8\">le</span> <span class=\"_ _27\"></span>due <span class=\"_ _22\"> </span>emissioni <span class=\"_ _22\"> </span>obbligazionarie <span class=\"_ _22\"> </span><span class=\"ls3\">si</span> <span class=\"_ _27\"></span>sono consolidate. <div class=\"gs5\"><table class=\"s w26e h116\" id=\"_dedb2821-5dc0-47f0-990f-ad766c5fd681\"><tr><td></td><td></td><td class=\"c x1fe yd89 w26f h117\"><div class=\"t m0 x176 h19 yd88 ff2 fs8 fc0 sc0 ls0 ws0\">Flusso<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x1ff yd8a wb3 h1e\"><div class=\"t m0 xe3 h19 yc8 ff2 fs8 fc0 sc0 ls0 ws0\">Flussi non monetari </div></td><td></td><td></td></tr><tr><td class=\"c x1ab yd8b wb0 h7a\"><div class=\"t m0 x35 h9 y5ed ff2 fs0 fc0 sc0 ls0 ws0\">euro<span class=\"ffb\"> </span></div></td><td class=\"c x200 yd8b wb1 h7a\"><div class=\"t m0 x93 h19 y5ee ff2 fs8 fc0 sc0 ls0 ws0\">dic-24 </div></td><td class=\"c x201 yd8c w270 h117\"><div class=\"t m0 x176 h19 yd88 ff2 fs8 fc0 sc0 ls0 ws0\">monetario<span class=\"_ _5d\"> </span></div></td><td class=\"c x202 yd8d w271 h117\"><div class=\"t m0 x176 h19 yd88 ff2 fs8 fc0 sc0 ls0 ws0\">Variazione Area</div></td><td class=\"c x203 yd8d w272 h117\"><div class=\"t m0 x176 h19 yd88 ff2 fs8 fc0 sc0 ls0 ws0\">Differenze</div></td><td class=\"c x204 yd8d w273 h117\"><div class=\"t m0 x176 h19 yd88 ff2 fs8 fc0 sc0 ls0 ws0\">Variazione<span class=\"_ _5d\"> </span></div></td><td class=\"c x205 yd8d w274 h117\"><div class=\"t m0 x176 h19 yd88 ff2 fs8 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _5d\"> </span></div></td><td class=\"c x206 yd8b wb4 h7a\"><div class=\"t m0 x93 h19 y5ee ff2 fs8 fc0 sc0 ls0 ws0\">dic-25 </div></td></tr><tr><td class=\"c x187 yd8f w275 h117\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">Indebitamento<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x207 yd90 w276 h117\"><div class=\"t m0 x176 h19 yd88 ff2 fs8 fc0 sc0 ls0 ws0\">Consolidamento(*)</div></td><td class=\"c x208 yd90 w277 h117\"><div class=\"t m0 x176 h19 yd88 ff2 fs8 fc0 sc0 ls0 ws0\">cambio</div></td><td class=\"c x204 yd90 w278 h117\"><div class=\"t m0 x176 h19 yd88 ff2 fs8 fc0 sc0 ls0 ws0\">da IFRs 16</div></td><td class=\"c x209 yd90 w279 h117\"><div class=\"t m0 x176 h19 yd88 ff2 fs8 fc0 sc0 ls0 ws0\">variazioni<span class=\"_ _5d\"> </span></div></td><td></td></tr><tr><td class=\"c x187 yd91 w27a h117\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">finanziario non<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 yd92 wb9 h7b\"><div class=\"t m0 x15 h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">319.624.532 </div></td><td class=\"c x20a yd92 wba h7b\"><div class=\"t m0 x33 h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">160.884.225 </div></td><td class=\"c x1ff yd92 wbb h7b\"><div class=\"t m0 x2c h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20b yd92 wbc h7b\"><div class=\"t m0 x35 h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20c yd92 wbd h7b\"><div class=\"t m0 x35 h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20d yd92 w12 h7b\"><div class=\"t m0 x2f h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">(4.292.154) </div></td><td class=\"c x20e yd92 wbe h7b\"><div class=\"t m0 x15 h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">476.216.603 </div></td></tr><tr><td class=\"c x187 yd93 w27b h117\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">corrente<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 yd94 w275 h117\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">Indebitamento<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 yd95 w27c h117\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">finanziario<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 yd96 wb9 h1f\"><div class=\"t m0 x15 h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">139.198.298 </div></td><td class=\"c x20a yd96 wba h1f\"><div class=\"t m0 x1f h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">(87.769.857) </div></td><td class=\"c x1ff yd96 wbb h1f\"><div class=\"t m0 x2c h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20b yd96 wbc h1f\"><div class=\"t m0 x35 h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20c yd96 wbd h1f\"><div class=\"t m0 x92 h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">5.346 </div></td><td class=\"c x20d yd96 w12 h1f\"><div class=\"t m0 x2f h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">23.469.790 </div></td><td class=\"c x20e yd96 wbe h1f\"><div class=\"t m0 x1f h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">74.903.578 </div></td></tr><tr><td class=\"c x187 yd97 w27b h117\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">corrente<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 yd98 w27d h117\"><div class=\"t m0 x176 h19 yd88 ff2 fs8 fc0 sc0 ls0 ws0\">Passivit\u00e0 nette<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 yd99 w27e h117\"><div class=\"t m0 x176 h19 yd88 ff2 fs8 fc0 sc0 ls0 ws0\">derivanti da<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 yd9a wb9 h7c\"><div class=\"t m0 x15 h19 y3eb ff2 fs8 fc0 sc0 ls0 ws0\">458.822.830 </div></td><td class=\"c x20a yd9a wba h7c\"><div class=\"t m0 x2f h19 y3eb ff2 fs8 fc0 sc0 ls0 ws0\">73.114.368 </div></td><td class=\"c x1ff yd9a wbb h7c\"><div class=\"t m0 x2c h19 y3eb ff2 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20b yd9a wbc h7c\"><div class=\"t m0 x35 h19 y3eb ff2 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20c yd9a wbd h7c\"><div class=\"t m0 x92 h19 y3eb ff2 fs8 fc0 sc0 ls0 ws0\">5.346 </div></td><td class=\"c x20d yd9a w12 h7c\"><div class=\"t m0 x34 h19 y3eb ff2 fs8 fc0 sc0 ls0 ws0\">19.177.636 </div></td><td class=\"c x20e yd9a wbe h7c\"><div class=\"t m0 xa8 h19 y3eb ff2 fs8 fc0 sc0 ls0 ws0\">551.120.181 </div></td></tr><tr><td class=\"c x187 yd9b w27f h114\"><div class=\"t m0 x176 h19 yd72 ff2 fs8 fc0 sc0 ls0 ws0\">attivit\u00e0<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 yd9c w280 h114\"><div class=\"t m0 x176 h19 yd72 ff2 fs8 fc0 sc0 ls0 ws0\">finanziamento<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ab yd9d w66 h1e\"><div class=\"t m0 x15 h1d yc8 ff3 fs8 fc0 sc0 ls0 ws0\">Liquidit\u00e0 </div></td><td class=\"c x200 yd9d wb9 h1e\"><div class=\"t m0 x1a h1d yc8 ff3 fs8 fc0 sc0 ls0 ws0\">3.588.913 </div></td><td class=\"c x20a yd9d wba h1e\"><div class=\"t m0 x93 h1d yc8 ff3 fs8 fc0 sc0 ls0 ws0\">803.907 </div></td><td class=\"c x1ff yd9d wbb h1e\"><div class=\"t m0 x2c h1d yc8 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20b yd9d wbc h1e\"><div class=\"t m0 x35 h1d yc8 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20c yd9d wbd h1e\"><div class=\"t m0 x35 h1d yc8 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20d yd9d w12 h1e\"><div class=\"t m0 xa9 h1d yc8 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20e yd9d wbe h1e\"><div class=\"t m0 x1a h1d yc8 ff3 fs8 fc0 sc0 ls0 ws0\">4.392.820 </div></td></tr><tr><td class=\"c x187 yd9e w281 h118\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">Altre attivit\u00e0<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 yd9f w282 h118\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">finanziarie<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 yda0 wb9 h1f\"><div class=\"t m0 x33 h1d yd1 ff3 fs8 fc0 sc0 ls0 ws0\">33.122.931 </div></td><td class=\"c x20a yda0 wba h1f\"><div class=\"t m0 x2f h1d yd1 ff3 fs8 fc0 sc0 ls0 ws0\">15.728.240 </div></td><td class=\"c x1ff yda0 wbb h1f\"><div class=\"t m0 x2c h1d yd1 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20b yda0 wbc h1f\"><div class=\"t m0 x35 h1d yd1 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20c yda0 wbd h1f\"><div class=\"t m0 x35 h1d yd1 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20d yda0 w12 h1f\"><div class=\"t m0 x3a h1d yd1 ff3 fs8 fc0 sc0 ls0 ws0\">2.744.080 </div></td><td class=\"c x20e yda0 wbe h1f\"><div class=\"t m0 x1f h1d yd1 ff3 fs8 fc0 sc0 ls0 ws0\">51.595.250 </div></td></tr><tr><td class=\"c x187 yd78 w283 h118\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">correnti<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 yda1 w284 h114\"><div class=\"t m0 x176 h19 yd72 ff2 fs8 fc0 sc0 ls0 ws0\">Indebitamento<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 yda2 w285 h114\"><div class=\"t m0 x176 h19 yd72 ff2 fs8 fc0 sc0 ls0 ws0\">finanziario<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 yda3 wb9 h7d\"><div class=\"t m0 x15 h19 yc9 ff2 fs8 fc0 sc0 ls0 ws0\">422.110.986 </div></td><td class=\"c x20a yda3 wba h7d\"><div class=\"t m0 x1a h19 yc9 ff2 fs8 fc0 sc0 ls0 ws0\">56.582.221 </div></td><td class=\"c x1ff yda3 wbb h7d\"><div class=\"t m0 x2c h19 yc9 ff2 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20b yda3 wbc h7d\"><div class=\"t m0 x35 h19 yc9 ff2 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x20c yda3 wbd h7d\"><div class=\"t m0 x92 h19 yc9 ff2 fs8 fc0 sc0 ls0 ws0\">5.346 </div></td><td class=\"c x20d yda3 w12 h7d\"><div class=\"t m0 x2f h19 yc9 ff2 fs8 fc0 sc0 ls0 ws0\">16.433.556 </div></td><td class=\"c x20e yda3 wbe h7d\"><div class=\"t m0 xa8 h19 yc9 ff2 fs8 fc0 sc0 ls0 ws0\">495.132.111 </div></td></tr><tr><td class=\"c x187 ybcc w266 h114\"><div class=\"t m0 x176 h19 yd72 ff2 fs8 fc0 sc0 ls0 ws0\">netto</div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-452": {
   "value": "(<span class=\"ls8\">21</span>) Crediti tributari La<span class=\"ls0\"> voce \u00e8 cos\u00ec composta: </span><table class=\"s w269 h112\" id=\"_f4e9c8dc-762c-410a-8cdb-fef4a7530bcc\"><tr><td class=\"c x189 yd7d wac h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro<span class=\"ff3\"> </span></div></td><td class=\"c x1e7 yd7d wbf h4d\"><div class=\"t m0 x93 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span><span class=\"ff3\"> </span></div></td><td class=\"c x1e3 yd7d wc0 h4d\"><div class=\"t m0 x73 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yd7e wac h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Entro <span class=\"ls34\">12</span> mesi </div></td><td class=\"c x1e7 yd7e wbf h4d\"><div class=\"t m0 x7e h9 y291 ff2 fs0 fc0 sc0 ls34 ws0\">128<span class=\"ls0\">.</span>122<span class=\"ff11 ls0\"> </span></div></td><td class=\"c x1e3 yd7e wc0 h4d\"><div class=\"t m0 xca h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">169.645 </div></td></tr><tr><td class=\"c x189 yd7f wac h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Oltre i 12 mesi </div></td><td class=\"c x1e7 yd7f wbf h4d\"><div class=\"t m0 xc1 h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">460<span class=\"ls0\">.</span>688<span class=\"ff11 ls0\"> </span></div></td><td class=\"c x1e3 yd7f wc0 h4d\"><div class=\"t m0 x90 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">393.442 </div></td></tr></table>I <span class=\"_ _25\"> </span>crediti <span class=\"_ _25\"> </span>tributari <span class=\"_ _25\"> </span>correnti<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>comprendono <span class=\"_ _25\"> </span>principalmente<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>ritenute <span class=\"_ _25\"> </span>fisca<span class=\"_ _2\"></span>li <span class=\"_ _25\"> </span>a <span class=\"_ _25\"> </span>titolo <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>acc<span class=\"_ _2\"></span>onto. <span class=\"_ _25\"> </span><span class=\"ls11\">La</span> componente non corrente <span class=\"ls3\">si</span> riferisce principalmente a ritenute richieste a rimborso. (<span class=\"ls8\">29</span>) Debiti tributari<span class=\"_ _5d\"> </span>La<span class=\"ls0\"> voce risulta cos\u00ec composta:</span><table class=\"s w2bd h11f\" id=\"_f3110e82-5f63-4216-91b7-6a92f79b7ef8\"><tr><td class=\"c x189 yde2 we4 h5b\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro<span class=\"ff3\"> </span></div></td><td class=\"c x239 yde2 we5 h5b\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span><span class=\"ff3\"> </span></div></td><td class=\"c x23a yde2 we6 h5b\"><div class=\"t m0 x30 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yde3 we4 h73\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">IRAP </div></td><td class=\"c x239 yde3 we5 h73\"><div class=\"t m0 xf7 hf y49f ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x23a yde3 we6 h73\"><div class=\"t m0 xec hf y49f ff3 fs0 fc0 sc0 ls36 ws0\">968<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 yde4 we4 h73\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">IRES </div></td><td class=\"c x239 yde4 we5 h73\"><div class=\"t m0 xaf hf y49f ff3 fs0 fc0 sc0 ls0 ws0\">131.003 </div></td><td class=\"c x23a yde4 we6 h73\"><div class=\"t m0 x44 hf y49f ff3 fs0 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x189 yde5 we4 h73\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">IVA </div></td><td class=\"c x239 yde5 we5 h73\"><div class=\"t m0 xc1 hf y49f ff3 fs0 fc0 sc0 ls36 ws0\">92<span class=\"ls0\">.</span>554<span class=\"ls0\"> </span></div></td><td class=\"c x23a yde5 we6 h73\"><div class=\"t m0 x84 hf y49f ff3 fs0 fc0 sc0 ls0 ws0\">1.314 </div></td></tr><tr><td class=\"c x189 yde6 we4 h73\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Ritenute e altri d<span class=\"_ _2\"></span>ebiti tributari </div></td><td class=\"c x239 yde6 we5 h73\"><div class=\"t m0 xc1 hf y49f ff3 fs0 fc0 sc0 ls0 ws0\">72.<span class=\"ls36\">208</span> </div></td><td class=\"c x23a yde6 we6 h73\"><div class=\"t m0 xca hf y49f ff3 fs0 fc0 sc0 ls0 ws0\">74.223 </div></td></tr><tr><td class=\"c x189 yde7 we4 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x239 yde7 we5 h4d\"><div class=\"t m0 xaf h9 y291 ff2 fs0 fc0 sc0 ls36 ws0\">295<span class=\"ls0\">.</span>765<span class=\"ls0\"> </span></div></td><td class=\"c x23a yde7 we6 h4d\"><div class=\"t m0 xca h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">76.505 </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-453": {
   "value": "(2<span class=\"ls0\">2) Attivit\u00e0 e passivit\u00e0 per imposte anticipate e differite </span>La<span class=\"ls0\"> tabella seguente illustra <span class=\"ls8\">la</span> composizione della voce <span class=\"lsa\">al</span> <span class=\"ls8\">31</span> dicembre <span class=\"ls8\">202</span>5 e <span class=\"lsa\">al</span> <span class=\"ls8\">31</span> dicembre <span class=\"ls8\">202</span>4: </span><table class=\"s w26a h115\" id=\"_9ccc601a-0155-467a-87aa-1f6a51ce95fa\"><tr><td></td><td class=\"c x1f7 yd80 wc2 h1e\"><div class=\"t m0 x71 h19 yc8 ff2 fs8 fc0 sc0 ls0 ws0\">Attivit\u00e0 </div></td><td></td><td></td><td class=\"c x1f8 yd80 wc3 h1e\"><div class=\"t m0 xd5 h19 yc8 ff2 fs8 fc0 sc0 ls0 ws0\">Passivit\u00e0 </div></td><td></td><td class=\"c x1f9 yd80 wc4 h1e\"><div class=\"t m0 x69 h19 yc8 ff2 fs8 fc0 sc0 ls0 ws0\">Netto </div></td></tr><tr><td class=\"c x1ab yd81 wc1 h7e\"><div class=\"t m0 x15 h19 yc8 ff2 fs8 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x1f7 yd81 wc5 h7e\"><div class=\"t m0 xd5 h19 y2e3 ff2 fs8 fc0 sc0 ls0 ws0\">31/12/2025 </div></td><td class=\"c x1fa yd81 wc6 h7e\"><div class=\"t m0 x15 h19 y2e3 ff2 fs8 fc0 sc0 ls0 ws0\">31/12/2024 </div></td><td class=\"c x1f8 yd81 wc7 h7e\"><div class=\"t m0 x1f h19 y2e3 ff2 fs8 fc0 sc0 ls0 ws0\">31/12/2025 </div></td><td class=\"c x1fb yd81 w37 h7e\"><div class=\"t m0 x1a h19 y2e3 ff2 fs8 fc0 sc0 ls0 ws0\">31/12/2024 </div></td><td class=\"c x1f9 yd81 wc8 h7e\"><div class=\"t m0 xa8 h19 yc8 ff2 fs8 fc0 sc0 ls0 ws0\">31/12/2025 </div></td><td class=\"c x1fc yd81 wc9 h7e\"><div class=\"t m0 xa8 h19 yc8 ff2 fs8 fc0 sc0 ls0 ws0\">31/12/2024 </div></td></tr><tr><td class=\"c x187 yd82 w26b h114\"><div class=\"t m0 x176 h1d yd77 ff3 fs8 fc0 sc0 ls0 ws0\">Partecipazioni valutate FVOCI e<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 yd83 w26c h114\"><div class=\"t m0 x176 h1d yd77 ff3 fs8 fc0 sc0 ls0 ws0\">part. valutate con il metodo del<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x1f8 yd84 wc7 h1f\"><div class=\"t m0 x15 h1d yd1 ff3 fs8 fc0 sc0 ls0 ws0\">(15.347.550) </div></td><td class=\"c x1fb yd84 w37 h1f\"><div class=\"t m0 x1f h1d yd1 ff3 fs8 fc0 sc0 ls0 ws0\">(13.868.562) </div></td><td class=\"c x1f9 yd84 wc8 h1f\"><div class=\"t m0 xa8 h1d yd1 ff3 fs8 fc0 sc0 ls0 ws0\">(15.347.550) </div></td><td class=\"c x1fc yd84 wc9 h1f\"><div class=\"t m0 xa8 h1d yd1 ff3 fs8 fc0 sc0 ls0 ws0\">(13.868.562) </div></td></tr><tr><td class=\"c x187 yd85 w26d h114\"><div class=\"t m0 x176 h1d yd77 ff3 fs8 fc0 sc0 ls0 ws0\">PN<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ab yd86 wca h1b\"><div class=\"t m0 x15 h1d ycf ff3 fs8 fc0 sc0 ls0 ws0\">Altre attivit\u00e0/passivit\u00e0 </div></td><td class=\"c x1fd yd86 wcb h1b\"><div class=\"t m0 x30 h1d ycf ff3 fs8 fc0 sc0 ls0 ws0\">9.697.147 </div></td><td class=\"c x1fa yd86 wc6 h1b\"><div class=\"t m0 x1a h1d ycf ff3 fs8 fc0 sc0 ls0 ws0\">9.196.464 </div></td><td></td><td></td><td class=\"c x1f9 yd86 wc8 h1b\"><div class=\"t m0 x2f h1d ycf ff3 fs8 fc0 sc0 ls0 ws0\">9.697.147 </div></td><td class=\"c x1fc yd86 wc9 h1b\"><div class=\"t m0 x2f h1d ycf ff3 fs8 fc0 sc0 ls0 ws0\">9.196.464 </div></td></tr><tr><td class=\"c x1ab yd87 wc1 h1e\"><div class=\"t m0 x15 h19 yc8 ff2 fs8 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1f7 yd87 wc5 h1e\"><div class=\"t m0 x30 h19 yc8 ff2 fs8 fc0 sc0 ls4 ws0\">   <span class=\"ls0\">9.697.147 </span></div></td><td class=\"c x1fa yd87 wc6 h1e\"><div class=\"t m0 x1a h19 yc8 ff2 fs8 fc0 sc0 ls0 ws0\">9.196.464 </div></td><td class=\"c x1f8 yd87 wc7 h1e\"><div class=\"t m0 x15 h19 yc8 ff2 fs8 fc0 sc0 ls0 ws0\">(15.347.550) </div></td><td class=\"c x1fb yd87 w37 h1e\"><div class=\"t m0 xa8 h19 yc8 ff2 fs8 fc0 sc0 ls0 ws0\">(13.868.562) </div></td><td class=\"c x1f9 yd87 wc8 h1e\"><div class=\"t m0 x1f h19 yc8 ff2 fs8 fc0 sc0 ls0 ws0\">(5.650.403) </div></td><td class=\"c x1fc yd87 wc9 h1e\"><div class=\"t m0 x1f h19 yc8 ff2 fs8 fc0 sc0 ls0 ws0\">(4.672.098) </div></td></tr></table>I movimenti delle attivit\u00e0 e delle passivit\u00e0 fiscali sono stati i seguenti: <table class=\"s w261 h113\" id=\"_a59ba866-1be5-4278-a702-f222d495b0e0\"><tr><td></td><td></td><td class=\"c x1ed yd73 w262 h114\"><div class=\"t m0 x176 h19 yd72 ff2 fs8 fc0 sc0 ls0 ws0\">Movimenti a<span class=\"_ _5d\"> </span></div></td><td class=\"c x1ee yd73 w262 h114\"><div class=\"t m0 x176 h19 yd72 ff2 fs8 fc0 sc0 ls0 ws0\">Movimenti a</div></td><td></td></tr><tr><td></td><td class=\"c x1ef yd74 wbb h1f\"><div class=\"t m0 x83 h19 yd8 ff2 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x0 h19 yc9 ff2 fs8 fc0 sc0 ls12 ws0\">31<span class=\"ls0\"> dicembre </span>202<span class=\"ls0\">4</span><span class=\"ls0\"> </span></div></td><td class=\"c x1f0 yd75 w263 h114\"><div class=\"t m0 x176 h19 yd72 ff2 fs8 fc0 sc0 ls0 ws0\">conto<span class=\"_ _5d\"> </span></div></td><td class=\"c x1f1 yd75 w264 h114\"><div class=\"t m0 x176 h19 yd72 ff2 fs8 fc0 sc0 ls0 ws0\">patrimonio</div></td><td class=\"c x1f2 yd74 wcf h1f\"><div class=\"t m0 xec h19 yd8 ff2 fs8 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x93 h19 yc9 ff2 fs8 fc0 sc0 ls12 ws0\">31<span class=\"ls0\"> dicembre </span>202<span class=\"ls0\">5</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x1ab yd74 wcc h1f\"><div class=\"t m0 x15 h19 ycf ff2 fs8 fc0 sc0 ls0 ws0\">euro </div></td><td></td><td class=\"c x1f3 yd76 w265 h114\"><div class=\"t m0 x176 h19 yd72 ff2 fs8 fc0 sc0 ls0 ws0\">economico<span class=\"_ _5d\"> </span></div></td><td class=\"c x1f4 yd76 w266 h114\"><div class=\"t m0 x176 h19 yd72 ff2 fs8 fc0 sc0 ls0 ws0\">netto<span class=\"_ _5d\"> </span></div></td><td></td></tr><tr><td class=\"c x187 yd78 w267 h114\"><div class=\"t m0 x176 h1d yd77 ff3 fs8 fc0 sc0 ls0 ws0\">Partecipazioni valutate FVOCI e part.<span class=\"_ _5d\"> </span></div></td><td class=\"c x1ef yd79 wbb h7f\"><div class=\"t m0 x30 h1d y611 ff3 fs8 fc0 sc0 ls0 ws0\">(13.868.562) </div></td><td class=\"c x1f5 yd79 wcd h7f\"><div class=\"t m0 x0 h1d y611 ff3 fs8 fc0 sc0 ls0 ws0\">(829.323) </div></td><td class=\"c x1f6 yd79 wce h7f\"><div class=\"t m0 x26 h1d y611 ff3 fs8 fc0 sc0 ls0 ws0\">(649.666) </div></td><td class=\"c x1f2 yd79 wcf h7f\"><div class=\"t m0 x26 h1d y611 ff3 fs8 fc0 sc0 ls0 ws0\">(15.347.550) </div></td></tr><tr><td class=\"c x187 yd7a w268 h114\"><div class=\"t m0 x176 h1d yd77 ff3 fs8 fc0 sc0 ls0 ws0\">valutate con il metodo del PN<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ab yd7b wcc h1e\"><div class=\"t m0 x15 h1d yc8 ff3 fs8 fc0 sc0 ls0 ws0\">Altre attivit\u00e0/passivit\u00e0 </div></td><td class=\"c x1ef yd7b wbb h1e\"><div class=\"t m0 x73 h1d yc8 ff3 fs8 fc0 sc0 ls0 ws0\">9.196.464 </div></td><td class=\"c x1f5 yd7b wcd h1e\"><div class=\"t m0 x32 h1d yc8 ff3 fs8 fc0 sc0 ls0 ws0\">500.682 </div></td><td class=\"c x1f6 yd7b wce h1e\"><div class=\"t m0 x88 h1d yc8 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x1f2 yd7b wcf h1e\"><div class=\"t m0 x76 h1d yc8 ff3 fs8 fc0 sc0 ls0 ws0\">9.697.146 </div></td></tr><tr><td class=\"c x1ab yd7c wcc h1b\"><div class=\"t m0 x15 h19 ycf ff2 fs8 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1ef yd7c wbb h1b\"><div class=\"t m0 x35 h19 ycf ff2 fs8 fc0 sc0 ls0 ws0\">(4.672.098) </div></td><td class=\"c x1f5 yd7c wcd h1b\"><div class=\"t m0 x92 h19 ycf ff2 fs8 fc0 sc0 ls0 ws0\">(328.641) </div></td><td class=\"c x1f6 yd7c wce h1b\"><div class=\"t m0 x32 h19 ycf ff2 fs8 fc0 sc0 ls0 ws0\">(649.666) </div></td><td class=\"c x1f2 yd7c wcf h1b\"><div class=\"t m0 x30 h19 ycf ff2 fs8 fc0 sc0 ls0 ws0\">(5.650.403) </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-454": {
   "value": "<div class=\"c w2 h0 gs9\"><div class=\"t m0 x2 h7 y614 ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x2 h3 y21a ff2 fs1 fc0 sc0 ls0 ws0\">(23) Capitale sociale </div><div class=\"t m0 x2 h7 y21b ff3 fs1 fc0 sc0 ls0 ws0\">Il capitale sociale di TIP S.p.A. \u00e8 cos\u00ec composto: </div></div><div class=\"gsa\"><table class=\"s w260 h112\" id=\"_6fb6feac-fb3d-4df3-810a-3eba026a5f21\"><tr><td class=\"c x1b2 yd6f wac h4e\"><div class=\"t m0 x1 h9 y291 ff2 fs0 fc0 sc0 ls4 ws0\">  <span class=\"ls0\">Azioni<span class=\"ff3\"> </span></span></div></td><td class=\"c x1ec yd6f wd0 h4e\"><div class=\"t m0 xb5 h9 y291 ff2 fs0 fc0 sc0 ls4 ws0\">            <span class=\"ls0\">Numero<span class=\"ff3\"> </span></span></div></td></tr><tr><td class=\"c x1b2 yd70 wac h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">azioni ordinarie<span class=\"_ _2\"></span> </div></td><td class=\"c x1ec yd70 wd0 h4e\"><div class=\"t m0 x60 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">184.379.301 </div></td></tr><tr><td class=\"c x1b2 yd71 wac h4e\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1ec yd71 wd0 h4e\"><div class=\"t m0 x5d h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">184.379.301 </div></td></tr></table></div><div class=\"c w2 h0 gs9\"><div class=\"t m0 x2 h7 y617 ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x2 h7 y618 ff3 fs1 fc0 sc0 lsc ws0\">Il<span class=\"ls0\"> <span class=\"_ _29\"></span>capitale <span class=\"_ _29\"></span>sociale <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>TIP <span class=\"_ _29\"></span>S.p.A. <span class=\"_ _29\"></span>risulta <span class=\"_ _29\"></span>pari <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>euro <span class=\"_ _2\"></span><span class=\"ls8\">95.877.236,52,</span> <span class=\"_ _29\"></span>rappresentato <span class=\"_ _29\"></span>da <span class=\"_ _29\"></span>n. <span class=\"_ _2\"></span><span class=\"ls8\">184.379.301</span> </span></div><div class=\"t m0 x2 h7 y619 ff3 fs1 fc0 sc0 ls0 ws0\">azioni ordinarie.<span class=\"_ _5d\"> </span> </div></div>Le <span class=\"_ _24\"></span>azioni <span class=\"_ _23\"></span>proprie <span class=\"_ _24\"></span>in <span class=\"_ _24\"></span>portafoglio <span class=\"_ _24\"></span>al <span class=\"_ _23\"></span>31 <span class=\"_ _24\"></span>dicembre <span class=\"_ _23\"></span>2025 <span class=\"_ _24\"></span>erano <span class=\"_ _24\"></span>n. <span class=\"_ _24\"></span><span class=\"ls8\">22<span class=\"ls0\">.</span>219<span class=\"ls0\">.</span>708<span class=\"ls0\"> <span class=\"_ _24\"></span>pari <span class=\"_ _24\"></span>al <span class=\"_ _23\"></span><span class=\"ls8\">12<span class=\"ls0\">,</span>051<span class=\"ls0\">% <span class=\"_ _24\"></span>del <span class=\"_ _24\"></span>capitale </span></span></span></span>sociale. Le azioni in circolazione al 31 dicembre <span class=\"ls8\">202</span>5 erano quindi n. 162.159.<span class=\"ls8\">593</span>. <table class=\"s w286 h119\" id=\"_6e34a538-4ef8-4236-bedb-63ed47972cf0\"><tr><td class=\"c x187 yda4 w287 he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">n. azioni proprie al 1<span class=\"_ _5d\"> </span></div></td><td class=\"c x210 yda4 w288 he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">n. azioni acquisite al 31<span class=\"_ _5d\"> </span></div></td><td class=\"c x211 yda4 w289 he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">n. azioni cedute al 3<span class=\"_ _2\"></span>1<span class=\"_ _5d\"> </span></div></td><td class=\"c x212 yda4 w28a he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">n. azioni proprie al 31<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x213 yda5 w28b he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">gennaio 2025<span class=\"_ _5d\"> </span></div></td><td class=\"c x214 yda5 w28c he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">dicembre 202<span class=\"_ _2\"></span>5<span class=\"_ _5d\"> </span></div></td><td class=\"c x215 yda5 w28c he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">dicembre 202<span class=\"_ _2\"></span>5<span class=\"_ _5d\"> </span></div></td><td class=\"c x216 yda5 w28c he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">dicembre 202<span class=\"_ _2\"></span>5<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x217 yd4e wd1 h4e\"><div class=\"t m0 x2b hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">19.6<span class=\"ls36\">23</span>.6<span class=\"ls36\">73</span> </div></td><td class=\"c x218 yd4e wd2 h4e\"><div class=\"t m0 xa9 hf y291 ff3 fs0 fc0 sc0 ls4 ws0\">       <span class=\"ls0\">3.079.338  </span></div></td><td class=\"c x219 yd4e w7b h4e\"><div class=\"t m0 xd5 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(483.303)  </div></td><td class=\"c x21a yd4e wd3 h4e\"><div class=\"t m0 x85 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">22<span class=\"ls0\">.</span>219<span class=\"ls0\">.</span>708<span class=\"ls0\"> </span></div></td></tr></table>Le <span class=\"_ _29\"></span>azioni <span class=\"_ _29\"></span>cedute <span class=\"_ _29\"></span>si <span class=\"_ _29\"></span>riferiscono <span class=\"_ _29\"></span>all\u2019assegnazione <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>azioni <span class=\"_ _29\"></span>ad <span class=\"_ _28\"></span>amministratori <span class=\"_ _2\"></span>e <span class=\"_ _29\"></span>dipendenti <span class=\"_ _28\"></span>a <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>eguito dell\u2019esercizio di <span class=\"ffb\">Unit<span class=\"ff3\"> per</span> perf<span class=\"lsc\">or</span>mance share<span class=\"ff3\">.<span class=\"_ _5d\"> </span></span></span><span class=\"ffb\"><span class=\"ff3\"> </span></span>Seguono informazioni complementari relative al patrimonio netto al 31 dicembre 2025. (2<span class=\"ls0\">4) Riserve<span class=\"_ _5d\"> </span></span><span class=\"ls0\"> </span>Riserva sovrapprezzo azioni  Ammonta  a <span class=\"_ _19\"> </span><span class=\"ls8\">26</span>7.<span class=\"ls8\">884</span>.<span class=\"ls8\">529</span>  e <span class=\"_ _19\"> </span><span class=\"ls3\">si</span>  \u00e8 <span class=\"_ _19\"> </span>inc<span class=\"_ _2\"></span>rementata  <span class=\"ff7\">nell\u2019esercizio</span>  per <span class=\"_ _19\"> </span><span class=\"ff7\">l\u2019accantonamento</span>  di<span class=\"ffb\"> <span class=\"_ _12\"> </span>Unit</span>  per<span class=\"_ _5d\"> </span> performance share<span class=\"ff3\"> <span class=\"lsa\">al</span> netto degli esercizi gi\u00e0 citati <span class=\"ls8\">in</span> precedenza.<span class=\"_ _5d\"> </span></span><span class=\"ff3\"> </span>Riserva legale<span class=\"_ _5d\"> </span> Ammonta a 19.175.447 <span class=\"lse\">ed</span> \u00e8 rimasta invariata rispetto <span class=\"lsa\">al</span> <span class=\"ls8\">31</span> dicembre 2024.<span class=\"_ _5d\"> </span> Riserva <span class=\"ls11\">FV</span>OCI senza rigiro a conto economico<span class=\"_ _5d\"> </span> La<span class=\"ls0\"> <span class=\"_ _29\"></span>riserva <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _2\"></span>positiva <span class=\"_ _29\"></span><span class=\"lse\">ed</span> <span class=\"_ _2\"></span>ammonta <span class=\"_ _29\"></span><span class=\"lsa\">ad</span> <span class=\"_ _2\"></span>euro <span class=\"_ _29\"></span><span class=\"ls8\">482</span>.100.<span class=\"ls8\">317</span>. <span class=\"_ _2\"></span><span class=\"ls8\">Si</span> <span class=\"_ _29\"></span>riferisce <span class=\"_ _29\"></span>alle <span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>riazioni <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span><span class=\"ffb\">fair <span class=\"_ _29\"></span>value</span> <span class=\"_ _29\"></span>degli<span class=\"_ _5d\"> </span></span><span class=\"ls0\"> </span>investimenti <span class=\"_ _27\"></span><span class=\"ls8\">in</span> <span class=\"_ _2a\"></span><span class=\"ffb\">equity</span> <span class=\"_ _27\"></span><span class=\"lsa\">al</span> <span class=\"_ _2a\"></span>netto <span class=\"_ _2a\"></span><span class=\"ff7\">dell\u2019effetto</span> <span class=\"_ _27\"></span>delle <span class=\"_ _27\"></span>relative <span class=\"_ _2a\"></span>imposte <span class=\"_ _27\"></span>differite. <span class=\"_ _2a\"></span>Dalla<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>riserva<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>sono <span class=\"_ _27\"></span>stati<span class=\"_ _5d\"> </span> riclassificati <span class=\"_ _19\"> </span>agli  utili<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>portati  a <span class=\"_ _19\"> </span>nuovo <span class=\"_ _19\"> </span>gli <span class=\"_ _19\"> </span>importi <span class=\"_ _19\"> </span>riferiti  alle <span class=\"_ _19\"> </span>plusvalenze <span class=\"_ _19\"> </span>realizzate <span class=\"_ _19\"> </span><span class=\"ls3\">su</span>  p<span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>rziali<span class=\"_ _5d\"> </span> disinvestimenti  di <span class=\"_ _19\"> </span>partecipazioni  che  <span class=\"ls8\">in</span> <span class=\"_ _19\"> </span>applicazione  <span class=\"ff7\">dell\u2019IFRS</span> <span class=\"_ _12\"> </span>9  non <span class=\"_ _19\"> </span>sono  riversati  a <span class=\"_ _19\"> </span>conto<span class=\"_ _5d\"> </span> economico. <table class=\"s w28d h11a\" id=\"_f8187b44-8f13-41cb-9a42-0f0578e469fc\"><tr><td></td><td class=\"c x21b yda6 w28e he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">Valore a<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x21c yda7 w28f he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">Valore a<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yda8 wd4 h80\"><div class=\"t m0 x15 h9 y62d ff2 fs0 fc0 sc0 ls0 ws0\">euro<span class=\"ls4\">    </span>                       <span class=\"_ _2\"></span> </div></td><td class=\"c x21d yda9 w290 he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">bilancio<span class=\"_ _5d\"> </span></div></td><td class=\"c x1cd yda8 wd6 h80\"><div class=\"t m0 x38 h9 y62d ff2 fs0 fc0 sc0 ls0 ws0\">Variazione </div></td><td class=\"c x21e yda8 wd7 h80\"><div class=\"t m0 x33 h9 y62d ff2 fs0 fc0 sc0 ls0 ws0\">Rigiri a utili a nuovo<span class=\"_ _2\"></span> </div></td><td class=\"c x21f ydaa w291 he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">bilancio<span class=\"_ _5d\"> </span></div></td></tr><tr><td></td><td class=\"c x220 ydab w292 he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">31.12.2024<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x1df yda8 wb2 h4d\"><div class=\"t m0 x2f h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31.12.2025 </div></td></tr><tr><td class=\"c x1ab ydac wd4 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Capogruppo e consolida<span class=\"_ _2\"></span>te </div></td><td class=\"c x221 ydac wd5 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">424.269.012 </div></td><td class=\"c x1cd ydac wd6 h4d\"><div class=\"t m0 x88 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">63.995.623 </div></td><td class=\"c x21e ydac wd7 h4d\"><div class=\"t m0 x2d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">10.183.639 </div></td><td class=\"c x1df ydac wb2 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">498.448.274 </div></td></tr><tr><td class=\"c x187 ydad w293 he5\"><div class=\"t m0 x176 hf yc3d ff3 fs0 fc0 sc0 ls0 ws0\">Partecipazioni valutate c<span class=\"_ _2\"></span>on il<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydae w294 he5\"><div class=\"t m0 x176 hf yc3d ff3 fs0 fc0 sc0 ls0 ws0\">metodo del patrimoni<span class=\"_ _2\"></span>o netto</div></td><td class=\"c x221 ydaf wd5 h51\"><div class=\"t m0 x8a hf y2bc ff3 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1f hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(9.982.044) </div></td><td></td><td></td><td class=\"c x1df ydaf wb2 h51\"><div class=\"t m0 x1a hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(9.982.044) </div></td></tr><tr><td class=\"c x1ab ydb0 wd4 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Effetto fiscale </div></td><td class=\"c x221 ydb0 wd5 h4e\"><div class=\"t m0 x1f hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(5.779.859) </div></td><td class=\"c x1cd ydb0 wd6 h4e\"><div class=\"t m0 x31 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(923.679) </div></td><td class=\"c x21e ydb0 wd7 h4e\"><div class=\"t m0 x82 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">337.625 </div></td><td class=\"c x1df ydb0 wb2 h4e\"><div class=\"t m0 x1f hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(6.365.913) </div></td></tr><tr><td class=\"c x1ab ydb1 wd4 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale  </div></td><td class=\"c x221 ydb1 wd5 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">408.507.109 </div></td><td class=\"c x1cd ydb1 wd6 h4d\"><div class=\"t m0 x88 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">63.071.944 </div></td><td class=\"c x21e ydb1 wd7 h4d\"><div class=\"t m0 x2d h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">10.521.264 </div></td><td class=\"c x1df ydb1 wb2 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">482.100.317 </div></td></tr></table>Per <span class=\"_ _2\"></span><span class=\"ls8\">il</span> <span class=\"_ _2\"></span>dettaglio <span class=\"_ _29\"></span>delle <span class=\"_ _2\"></span>variazioni <span class=\"_ _2\"></span><span class=\"ls3\">si</span> <span class=\"_ _29\"></span>veda <span class=\"_ _2\"></span>quanto <span class=\"_ _2\"></span>descritto <span class=\"_ _2\"></span><span class=\"ff7\">all\u2019<span class=\"_ _2\"></span>allegato</span> <span class=\"_ _2\"></span>2 <span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>nota <span class=\"_ _29\"></span><span class=\"ls8\">13</span> <span class=\"_ _2\"></span>(Partecipazioni<span class=\"_ _5d\"> </span> valutate <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>FVOCI) <span class=\"_ _23\"></span>nonch\u00e9 <span class=\"_ _24\"></span>alla <span class=\"_ _23\"></span>nota <span class=\"_ _23\"></span>14 <span class=\"_ _24\"></span>(Partecipazioni <span class=\"_ _23\"></span>valutate <span class=\"_ _23\"></span>con <span class=\"_ _24\"></span><span class=\"ls8\">il<span class=\"ls0\"> <span class=\"_ _23\"></span>metodo <span class=\"_ _24\"></span>del <span class=\"_ _23\"></span>patrimonio <span class=\"_ _23\"></span>netto).<span class=\"_ _5d\"> </span></span></span><span class=\"ls8\"><span class=\"ls0\"> </span></span>Riserva OCI con rigiro a conto economico<span class=\"_ _5d\"> </span> La <span class=\"_ _12\"> </span>riserva  \u00e8 <span class=\"_ _19\"> </span>negativa  ed <span class=\"_ _19\"> </span>ammonta  ad <span class=\"_ _12\"> </span>euro  <span class=\"ls8\">4.<span class=\"lsd\">168</span></span>.<span class=\"ls8\">400</span>. <span class=\"_ _12\"> </span>Si  riferis<span class=\"_ _1\"></span>ce  princi<span class=\"_ _1\"></span>palmente  a <span class=\"_ _19\"> </span>quote  di<span class=\"_ _5d\"> </span><span class=\"_ _1\"></span> variazione <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>riserva <span class=\"_ _24\"></span>OCI <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>partecipazioni <span class=\"_ _23\"></span>valutate <span class=\"_ _24\"></span>col <span class=\"_ _24\"></span>metodo <span class=\"_ _24\"></span>del <span class=\"_ _24\"></span>patrimonio <span class=\"_ _23\"></span>netto <span class=\"_ _24\"></span><span class=\"lse\">e <span class=\"_ _23\"></span><span class=\"ls0\">alle <span class=\"_ _24\"></span>va<span class=\"_ _2\"></span>riazioni<span class=\"_ _5d\"> </span></span></span><span class=\"lse\"><span class=\"ls0\"> </span></span>di <span class=\"_ _2\"></span><span class=\"ffb\">fair <span class=\"_ _2\"></span>value</span> <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>titoli <span class=\"_ _2\"></span>acquisiti <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>impiego <span class=\"_ _29\"></span>temporaneo <span class=\"_ _2\"></span>di liquidit\u00e0<span class=\"_ _2\"></span>. La <span class=\"_ _29\"></span>relativa riserva <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span><span class=\"ffb\">fair <span class=\"_ _2\"></span>value<span class=\"_ _5d\"> </span></span> sar\u00e0 <span class=\"_ _51\"> </span>riversata <span class=\"_ _54\"> </span>a <span class=\"_ _54\"> </span>conto <span class=\"_ _54\"> </span>ec<span class=\"_ _2\"></span>onomico <span class=\"_ _54\"> </span>al <span class=\"_ _51\"> </span>momento <span class=\"_ _54\"> </span>della <span class=\"_ _51\"> </span>vendita <span class=\"_ _54\"> </span>del <span class=\"_ _54\"> </span>titolo <span class=\"_ _51\"> </span>sottostante.<span class=\"_ _5d\"> </span><span class=\"_ _2\"></span> Riserva per acquisto azioni proprie<span class=\"_ _5d\"> </span> La riserva \u00e8 negativa ed ammonta ad euro <span class=\"ls8\">152</span>.<span class=\"ls8\">837</span>.<span class=\"ls8\">075</span>.<span class=\"_ _5d\"> </span>Altre riserve<span class=\"_ _5d\"> </span>Sono <span class=\"_ _27\"></span>negative <span class=\"_ _22\"> </span>complessivamente <span class=\"_ _27\"></span>per <span class=\"_ _22\"> </span>euro <span class=\"_ _22\"> </span>20.<span class=\"ls8\">843</span>.<span class=\"ls8\">37</span>7. <span class=\"_ _27\"></span>Si <span class=\"_ _27\"></span>riferiscono <span class=\"_ _22\"> </span>principalmente <span class=\"_ _22\"> </span>a <span class=\"_ _27\"></span>quote <span class=\"_ _22\"> </span>di<span class=\"_ _5d\"> </span>variazioni <span class=\"_ _18\"> </span>negative <span class=\"_ _2c\"> </span>di <span class=\"_ _2c\"> </span>riserve <span class=\"_ _18\"> </span>di <span class=\"_ _2c\"> </span>partecipazioni <span class=\"_ _2c\"> </span>valutate <span class=\"_ _2c\"> </span>col <span class=\"_ _18\"> </span>metodo <span class=\"_ _2c\"> </span>del <span class=\"_ _2c\"> </span>pa<span class=\"_ _2\"></span>trimonio <span class=\"_ _2c\"> </span>netto.<span class=\"_ _5d\"> </span>Comprendono la riserva per assegnazione di <span class=\"ffb\">Unit</span> relative ai piani di <span class=\"ffb\">performance share</span>.<span class=\"_ _5d\"> </span>Riserva IFRS business combination<span class=\"_ _5d\"> </span>La<span class=\"ls0\"> riserva \u00e8 negativa <span class=\"lse\">ed</span> ammonta <span class=\"lsa\">ad</span> euro <span class=\"ls8\">483.655,</span> invariata rispetto <span class=\"lsa\">al</span> <span class=\"ls8\">31</span> dicembre <span class=\"ls8\">202</span>4.<span class=\"_ _5d\"> </span></span>Avanzo di fusione<span class=\"_ _5d\"> </span>L\u2019avanzo <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>fusione <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>mmonta <span class=\"_ _29\"></span>ad <span class=\"_ _28\"></span>euro <span class=\"_ _2a\"></span>5.060.152, <span class=\"_ _28\"></span>riveniente <span class=\"_ _28\"></span>da<span class=\"_ _2\"></span>ll\u2019operazione <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>incorporazione <span class=\"_ _2a\"></span>di<span class=\"_ _5d\"> </span>Secontip S.p.A. in TIP S.p.A. <span class=\"ff7\">all\u20191</span> gennaio 2011. Utili (perdite) a nuovo<span class=\"_ _5d\"> </span>Gli utili a nuovo ammontano ad euro <span class=\"ls8\">69</span>2.181.<span class=\"ls8\">099</span> e sono aumentati, rispetto al 31 dicembre 202<span class=\"ls8\">4,<span class=\"_ _5d\"> </span></span>a <span class=\"_ _23\"></span>seguito <span class=\"_ _1\"></span>dell\u2019allocazione <span class=\"_ _23\"></span>dell\u2019utile <span class=\"_ _23\"></span>dell\u2019esercizio <span class=\"_ _23\"></span>202<span class=\"_ _2\"></span><span class=\"ff3\">4 <span class=\"_ _23\"></span>e <span class=\"_ _23\"></span>della<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>riclassifica <span class=\"_ _23\"></span>dalla <span class=\"_ _23\"></span>riserva di <span class=\"_ _24\"></span><span class=\"ffb\">fair <span class=\"_ _23\"></span>value<span class=\"_ _2\"></span><span class=\"ff3\"> <span class=\"_ _23\"></span>OCI<span class=\"_ _5d\"> </span></span></span></span>senza <span class=\"_ _48\"> </span>rigiro <span class=\"_ _48\"> </span>a <span class=\"_ _8\"> </span>conto <span class=\"_ _48\"> </span>economico <span class=\"_ _48\"> </span>degli <span class=\"_ _8\"> </span>importi <span class=\"_ _48\"> </span>riferiti <span class=\"_ _48\"> </span>alle <span class=\"_ _48\"> </span>plusvalenze <span class=\"_ _48\"> </span>realizza<span class=\"_ _2\"></span>te <span class=\"_ _48\"> </span>su <span class=\"_ _48\"> </span>parziali<span class=\"_ _5d\"> </span>disinvestimenti di partecipazioni che non sono transitati a conto economico, a<span class=\"_ _2\"></span>l netto dei dividendi<span class=\"_ _5d\"> </span>erogati. Per <span class=\"_ _22\"> </span>i <span class=\"_ _22\"> </span>movimenti <span class=\"_ _25\"> </span><span class=\"lse\">ed</span> <span class=\"_ _22\"> </span><span class=\"ls8\">il</span> <span class=\"_ _22\"> </span>dettaglio <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>altri <span class=\"_ _22\"> </span>componenti <span class=\"_ _22\"> </span>del <span class=\"_ _25\"> </span>patrimonio <span class=\"_ _22\"> </span>netto <span class=\"_ _22\"> </span><span class=\"ls3\">si</span> <span class=\"_ _22\"> </span>rinvia <span class=\"_ _25\"> </span><span class=\"lsa\">al</span> <span class=\"_ _27\"></span>prospe<span class=\"_ _2\"></span>tto<span class=\"_ _5d\"> </span>specifico. La<span class=\"ls0\"> <span class=\"_ _19\"> </span>tabella <span class=\"_ _25\"> </span>seguente <span class=\"_ _19\"> </span>riporta <span class=\"_ _25\"> </span><span class=\"ls8\">il</span> <span class=\"_ _25\"> </span>rac<span class=\"_ _2\"></span>cordo <span class=\"_ _25\"> </span>tra <span class=\"_ _19\"> </span><span class=\"ls8\">il</span> <span class=\"_ _25\"> </span>patrimonio <span class=\"_ _19\"> </span>netto <span class=\"_ _25\"> </span>della <span class=\"_ _19\"> </span>capogruppo <span class=\"_ _25\"> </span>risultante <span class=\"_ _19\"> </span>dal<span class=\"_ _5d\"> </span></span>bilancio separato e <span class=\"lsd\">il<span class=\"_ _2\"></span></span> patrimonio netto consolidato.<table class=\"s w295 h11b\" id=\"_19871524-67aa-446b-80ac-2a976e5f0ac1\"><tr><td></td><td class=\"c x222 ydb3 w296 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">Patrimonio<span class=\"_ _5d\"> </span></div></td><td class=\"c x223 ydb3 w297 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">Patrimonio<span class=\"_ _5d\"> </span></div></td><td class=\"c x224 ydb3 w296 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">Patrimonio<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x225 ydb3 w298 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">Patrimonio<span class=\"_ _5d\"> </span></div></td><td class=\"c x226 ydb4 w297 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">Patrimonio</div></td><td class=\"c x227 ydb3 w299 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">Patrimonio netto<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab ydb5 wd8 h81\"><div class=\"t m0 x15 h25 y640 ff2 fs7 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x228 ydb6 w29a h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">netto al 31<span class=\"_ _5d\"> </span></div></td><td class=\"c x229 ydb6 w29b h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">netto di<span class=\"_ _5d\"> </span></div></td><td class=\"c x22a ydb6 w29a h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">netto al 31<span class=\"_ _5d\"> </span></div></td><td class=\"c x22b ydb5 wdc h81\"><div class=\"t m0 x15 h82 y640 ff3 fs7 fc0 sc0 ls0 ws0\">Risultato 2025 </div></td><td class=\"c x20b ydb5 wdd h81\"><div class=\"t m0 x15 h82 y640 ff3 fs7 fc0 sc0 ls0 ws0\">Altre variazioni<span class=\"_ _2\"></span> </div></td><td class=\"c x22c ydb6 w29a h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">netto al 31<span class=\"_ _5d\"> </span></div></td><td class=\"c x22d ydb7 w29c h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">netto di terzi</div></td><td class=\"c x22e ydb6 w29d h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">al 31 dicembre<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x187 ydb8 w29e h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">Patrimonio netto<span class=\"_ _5d\"> </span></div></td><td class=\"c x22f ydb9 w29f h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">dicembre 2024<span class=\"_ _5d\"> </span></div></td><td class=\"c x230 ydb9 w2a0 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">terzi<span class=\"_ _5d\"> </span></div></td><td class=\"c x231 ydb9 w29f h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">dicembre 2024<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x232 ydb9 w29f h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">dicembre 2025<span class=\"_ _5d\"> </span></div></td><td></td><td class=\"c x233 ydb9 w2a1 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls16 ws0\">2025<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x187 ydba w2a2 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">della capogruppo<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 ydbb wd9 h83\"><div class=\"t m0 xa8 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">1.005.29<span class=\"_ _1\"></span>1.272 </div></td><td class=\"c x1f7 ydbb wda h83\"><div class=\"t m0 x88 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x234 ydbb wdb h83\"><div class=\"t m0 x15 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">1.005.29<span class=\"_ _1\"></span>1.272 </div></td><td class=\"c x22b ydbb wdc h83\"><div class=\"t m0 x15 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">(37.805.59<span class=\"_ _1\"></span>0) </div></td><td class=\"c x20b ydbb wdd h83\"><div class=\"t m0 x15 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">(105.824.<span class=\"_ _1\"></span>706) </div></td><td class=\"c x235 ydbb wde h83\"><div class=\"t m0 x2f h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">861.660.97<span class=\"_ _1\"></span>6 </div></td><td></td><td class=\"c x1dd ydbb we0 h83\"><div class=\"t m0 x32 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">861.660.97<span class=\"_ _1\"></span>6 </div></td></tr><tr><td class=\"c x187 ydbc w2a3 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">da bilancio<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydbd w2a4 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">separato<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydbe w2a5 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">Elisioni sul bilancio<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 ydbf wd9 h68\"><div class=\"t m0 x15 h27 y647 ff2 fsb fc0 sc0 ls0 ws0\">(235.03<span class=\"_ _1\"></span>3.697) </div></td><td></td><td></td><td class=\"c x22b ydbf wdc h68\"><div class=\"t m0 x2f h30 y647 ff3 fsb fc0 sc0 ls0 ws0\">(2.055.816)<span class=\"ff1\"> </span></div></td><td class=\"c x20b ydbf wdd h68\"><div class=\"t m0 x86 h30 y647 ff3 fsb fc0 sc0 ls0 ws0\">0<span class=\"ff1\"> </span></div></td><td class=\"c x235 ydbf wde h68\"><div class=\"t m0 x15 h27 y647 ff2 fsb fc0 sc0 ls0 ws0\">(237.08<span class=\"_ _1\"></span>9.513) </div></td><td></td><td></td></tr><tr><td class=\"c x187 ydc0 w2a6 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">separato<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc1 w2a7 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">Valori di carico e<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc2 w2a8 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">rettifiche di valore<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc3 w2a9 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">delle partecipazioni<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 ydc4 wd9 h85\"><div class=\"t m0 x2f h27 y64c ff2 fsb fc0 sc0 ls0 ws0\">402.349.<span class=\"_ _1\"></span>267 </div></td><td></td><td></td><td class=\"c x22b ydc4 wdc h85\"><div class=\"t m0 x34 h30 y64c ff3 fsb fc0 sc0 ls0 ws0\">94.901.74<span class=\"_ _1\"></span>5<span class=\"ff1\"> </span></div></td><td class=\"c x20b ydc4 wdd h85\"><div class=\"t m0 x1a h30 y64c ff3 fsb fc0 sc0 ls0 ws0\">(20.049.959<span class=\"_ _1\"></span>)<span class=\"ff1\"> </span></div></td><td class=\"c x235 ydc4 wde h85\"><div class=\"t m0 x2f h27 y64c ff2 fsb fc0 sc0 ls0 ws0\">477.201.05<span class=\"_ _1\"></span>3 </div></td><td></td><td></td></tr><tr><td class=\"c x187 ydc5 w2aa h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">valutate con il<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc6 w2ab h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">metodo del<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc7 w2ac h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">patrimonio netto<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc8 w2ad h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">Patrimonio netto<span class=\"_ _2\"></span> e<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc9 w2ae h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">risultato<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydca w2af h11c\"><div class=\"t m0 x176 h82 ydb2 ff7 fs7 fc0 sc0 ls0 ws0\">dell\u2019esercizio<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydcb w2b0 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">(determinati in b<span class=\"_ _2\"></span>ase<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 ydcc wd9 h86\"><div class=\"t m0 x2f h27 y654 ff2 fsb fc0 sc0 ls0 ws0\">374.309.<span class=\"_ _1\"></span>970 </div></td><td></td><td></td><td class=\"c x22b ydcc wdc h86\"><div class=\"t m0 x92 h30 y654 ff3 fsb fc0 sc0 ls0 ws0\">(329.161)<span class=\"ff1\"> </span></div></td><td class=\"c x20b ydcc wdd h86\"><div class=\"t m0 x2f h30 y654 ff3 fsb fc0 sc0 ls0 ws0\">126.613<span class=\"_ _1\"></span>.443<span class=\"ff1\"> </span></div></td><td class=\"c x235 ydcc wde h86\"><div class=\"t m0 x2f h27 y654 ff2 fsb fc0 sc0 ls0 ws0\">500.594.<span class=\"_ _1\"></span>252 </div></td><td></td><td></td></tr><tr><td class=\"c x187 ydcd w2b1 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">a principi omogen<span class=\"_ _2\"></span>ei)<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydce w2b2 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">delle imprese<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydcf w2b3 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">consolidate<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydd0 w2b4 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">Elisione valore di<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydd1 w2b5 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">carico delle<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 ydd2 wd9 h87\"><div class=\"t m0 x15 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">(163.709.<span class=\"_ _1\"></span>327) </div></td><td></td><td></td><td class=\"c x22b ydd2 wdc h87\"><div class=\"t m0 x34 h30 y645 ff3 fsb fc0 sc0 ls0 ws0\">18.421.75<span class=\"_ _1\"></span>2 </div></td><td class=\"c x20b ydd2 wdd h87\"><div class=\"t m0 x86 h30 y645 ff3 fsb fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x235 ydd2 wde h87\"><div class=\"t m0 x15 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">(145.287.<span class=\"_ _1\"></span>575) </div></td><td></td><td></td></tr><tr><td class=\"c x187 ydd4 w2b6 h11d\"><div class=\"t m0 x176 h82 ydd3 ff3 fs7 fc0 sc0 ls0 ws0\">partecipazioni in<span class=\"_ _5d\"> </span></div><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">imprese controllate<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydd5 w29e h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">Patrimonio netto<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydd6 w2b7 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">attribuibile agli<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydd7 w2b8 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">azionisti della<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 ydd8 wd9 h88\"><div class=\"t m0 x15 h27 y65f ff2 fsb fc0 sc0 ls0 ws0\">1.383.207.<span class=\"_ _1\"></span>485 </div></td><td class=\"c x1f7 ydd8 wda h88\"><div class=\"t m0 x15 h30 y65f ff3 fsb fc0 sc0 ls0 ws0\">71.587.47<span class=\"_ _1\"></span>2 </div></td><td class=\"c x234 ydd8 wdb h88\"><div class=\"t m0 x15 h27 y65f ff2 fsb fc0 sc0 ls0 ws0\">1.454.794.<span class=\"_ _1\"></span>957 </div></td><td class=\"c x22b ydd8 wdc h88\"><div class=\"t m0 x34 h30 y65f ff3 fsb fc0 sc0 ls0 ws0\">73.132.93<span class=\"_ _1\"></span>0 </div></td><td class=\"c x20b ydd8 wdd h88\"><div class=\"t m0 x35 h30 y65f ff3 fsb fc0 sc0 ls0 ws0\">738.778 </div></td><td class=\"c x235 ydd8 wde h88\"><div class=\"t m0 x15 h27 y65f ff2 fsb fc0 sc0 ls0 ws0\">1.457.079.<span class=\"_ _1\"></span>193 </div></td><td class=\"c x236 ydd8 wdf h88\"><div class=\"t m0 x1a h30 y65f ff3 fsb fc0 sc0 ls0 ws0\">52.405.13<span class=\"_ _1\"></span>7 </div></td><td class=\"c x1dd ydd8 we0 h88\"><div class=\"t m0 x3a h27 y65f ff2 fsb fc0 sc0 ls0 ws0\">1.509.484.<span class=\"_ _1\"></span>3<span class=\"ls50\">30</span> </div></td></tr><tr><td class=\"c x187 ydd9 w2b9 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">controllante da<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydda w2ba h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">bilancio<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ybcc w2bb h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">consolidato<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Patrimonio netto di terzi<span class=\"_ _5d\"> </span>Al <span class=\"_ _23\"></span>31 <span class=\"_ _23\"></span>dicembre 2<span class=\"_ _23\"></span>025 il <span class=\"_ _24\"></span>patrimonio <span class=\"_ _23\"></span>netto <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>terzi fa <span class=\"_ _24\"></span>riferimento <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>lla <span class=\"_ _23\"></span>controllata <span class=\"_ _23\"></span>Investindesign <span class=\"_ _23\"></span>S.p.A.<span class=\"_ _5d\"> </span>detenuta al 50,69%.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-475": {
   "value": "(23) Capitale sociale Il capitale sociale di TIP S.p.A. \u00e8 cos\u00ec composto: <table class=\"s w260 h112\" id=\"_6fb6feac-fb3d-4df3-810a-3eba026a5f21\"><tr><td class=\"c x1b2 yd6f wac h4e\"><div class=\"t m0 x1 h9 y291 ff2 fs0 fc0 sc0 ls4 ws0\">  <span class=\"ls0\">Azioni<span class=\"ff3\"> </span></span></div></td><td class=\"c x1ec yd6f wd0 h4e\"><div class=\"t m0 xb5 h9 y291 ff2 fs0 fc0 sc0 ls4 ws0\">            <span class=\"ls0\">Numero<span class=\"ff3\"> </span></span></div></td></tr><tr><td class=\"c x1b2 yd70 wac h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">azioni ordinarie<span class=\"_ _2\"></span> </div></td><td class=\"c x1ec yd70 wd0 h4e\"><div class=\"t m0 x60 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">184.379.301 </div></td></tr><tr><td class=\"c x1b2 yd71 wac h4e\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x1ec yd71 wd0 h4e\"><div class=\"t m0 x5d h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">184.379.301 </div></td></tr></table>Il<span class=\"ls0\"> <span class=\"_ _29\"></span>capitale <span class=\"_ _29\"></span>sociale <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>TIP <span class=\"_ _29\"></span>S.p.A. <span class=\"_ _29\"></span>risulta <span class=\"_ _29\"></span>pari <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>euro <span class=\"_ _2\"></span><span class=\"ls8\">95.877.236,52,</span> <span class=\"_ _29\"></span>rappresentato <span class=\"_ _29\"></span>da <span class=\"_ _29\"></span>n. <span class=\"_ _2\"></span><span class=\"ls8\">184.379.301</span> </span>azioni ordinarie.<span class=\"_ _5d\"> </span>Le <span class=\"_ _24\"></span>azioni <span class=\"_ _23\"></span>proprie <span class=\"_ _24\"></span>in <span class=\"_ _24\"></span>portafoglio <span class=\"_ _24\"></span>al <span class=\"_ _23\"></span>31 <span class=\"_ _24\"></span>dicembre <span class=\"_ _23\"></span>2025 <span class=\"_ _24\"></span>erano <span class=\"_ _24\"></span>n. <span class=\"_ _24\"></span><span class=\"ls8\">22<span class=\"ls0\">.</span>219<span class=\"ls0\">.</span>708<span class=\"ls0\"> <span class=\"_ _24\"></span>pari <span class=\"_ _24\"></span>al <span class=\"_ _23\"></span><span class=\"ls8\">12<span class=\"ls0\">,</span>051<span class=\"ls0\">% <span class=\"_ _24\"></span>del <span class=\"_ _24\"></span>capitale </span></span></span></span>sociale. Le azioni in circolazione al 31 dicembre <span class=\"ls8\">202</span>5 erano quindi n. 162.159.<span class=\"ls8\">593</span>. <table class=\"s w286 h119\" id=\"_6e34a538-4ef8-4236-bedb-63ed47972cf0\"><tr><td class=\"c x187 yda4 w287 he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">n. azioni proprie al 1<span class=\"_ _5d\"> </span></div></td><td class=\"c x210 yda4 w288 he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">n. azioni acquisite al 31<span class=\"_ _5d\"> </span></div></td><td class=\"c x211 yda4 w289 he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">n. azioni cedute al 3<span class=\"_ _2\"></span>1<span class=\"_ _5d\"> </span></div></td><td class=\"c x212 yda4 w28a he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">n. azioni proprie al 31<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x213 yda5 w28b he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">gennaio 2025<span class=\"_ _5d\"> </span></div></td><td class=\"c x214 yda5 w28c he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">dicembre 202<span class=\"_ _2\"></span>5<span class=\"_ _5d\"> </span></div></td><td class=\"c x215 yda5 w28c he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">dicembre 202<span class=\"_ _2\"></span>5<span class=\"_ _5d\"> </span></div></td><td class=\"c x216 yda5 w28c he4\"><div class=\"t m0 x176 hf yb94 ff3 fs0 fc0 sc0 ls0 ws0\">dicembre 202<span class=\"_ _2\"></span>5<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x217 yd4e wd1 h4e\"><div class=\"t m0 x2b hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">19.6<span class=\"ls36\">23</span>.6<span class=\"ls36\">73</span> </div></td><td class=\"c x218 yd4e wd2 h4e\"><div class=\"t m0 xa9 hf y291 ff3 fs0 fc0 sc0 ls4 ws0\">       <span class=\"ls0\">3.079.338  </span></div></td><td class=\"c x219 yd4e w7b h4e\"><div class=\"t m0 xd5 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(483.303)  </div></td><td class=\"c x21a yd4e wd3 h4e\"><div class=\"t m0 x85 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">22<span class=\"ls0\">.</span>219<span class=\"ls0\">.</span>708<span class=\"ls0\"> </span></div></td></tr></table>Le <span class=\"_ _29\"></span>azioni <span class=\"_ _29\"></span>cedute <span class=\"_ _29\"></span>si <span class=\"_ _29\"></span>riferiscono <span class=\"_ _29\"></span>all\u2019assegnazione <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>azioni <span class=\"_ _29\"></span>ad <span class=\"_ _28\"></span>amministratori <span class=\"_ _2\"></span>e <span class=\"_ _29\"></span>dipendenti <span class=\"_ _28\"></span>a <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>eguito dell\u2019esercizio di <span class=\"ffb\">Unit<span class=\"ff3\"> per</span> perf<span class=\"lsc\">or</span>mance share<span class=\"ff3\">.<span class=\"_ _5d\"> </span></span></span>Seguono informazioni complementari relative al patrimonio netto al 31 dicembre 2025.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-476": {
   "value": "(2<span class=\"ls0\">4) Riserve<span class=\"_ _5d\"> </span></span>Riserva sovrapprezzo azioni Ammonta  a <span class=\"_ _19\"> </span><span class=\"ls8\">26</span>7.<span class=\"ls8\">884</span>.<span class=\"ls8\">529</span>  e <span class=\"_ _19\"> </span><span class=\"ls3\">si</span>  \u00e8 <span class=\"_ _19\"> </span>inc<span class=\"_ _2\"></span>rementata  <span class=\"ff7\">nell\u2019esercizio</span>  per <span class=\"_ _19\"> </span><span class=\"ff7\">l\u2019accantonamento</span>  di<span class=\"ffb\"> <span class=\"_ _12\"> </span>Unit</span>  per<span class=\"_ _5d\"> </span>performance share<span class=\"ff3\"> <span class=\"lsa\">al</span> netto degli esercizi gi\u00e0 citati <span class=\"ls8\">in</span> precedenza.<span class=\"_ _5d\"> </span></span>Riserva legale<span class=\"_ _5d\"> </span>Ammonta a 19.175.447 <span class=\"lse\">ed</span> \u00e8 rimasta invariata rispetto <span class=\"lsa\">al</span> <span class=\"ls8\">31</span> dicembre 2024.<span class=\"_ _5d\"> </span>Riserva <span class=\"ls11\">FV</span>OCI senza rigiro a conto economico<span class=\"_ _5d\"> </span>La<span class=\"ls0\"> <span class=\"_ _29\"></span>riserva <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _2\"></span>positiva <span class=\"_ _29\"></span><span class=\"lse\">ed</span> <span class=\"_ _2\"></span>ammonta <span class=\"_ _29\"></span><span class=\"lsa\">ad</span> <span class=\"_ _2\"></span>euro <span class=\"_ _29\"></span><span class=\"ls8\">482</span>.100.<span class=\"ls8\">317</span>. <span class=\"_ _2\"></span><span class=\"ls8\">Si</span> <span class=\"_ _29\"></span>riferisce <span class=\"_ _29\"></span>alle <span class=\"_ _2\"></span>va<span class=\"_ _2\"></span>riazioni <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span><span class=\"ffb\">fair <span class=\"_ _29\"></span>value</span> <span class=\"_ _29\"></span>degli<span class=\"_ _5d\"> </span></span>investimenti <span class=\"_ _27\"></span><span class=\"ls8\">in</span> <span class=\"_ _2a\"></span><span class=\"ffb\">equity</span> <span class=\"_ _27\"></span><span class=\"lsa\">al</span> <span class=\"_ _2a\"></span>netto <span class=\"_ _2a\"></span><span class=\"ff7\">dell\u2019effetto</span> <span class=\"_ _27\"></span>delle <span class=\"_ _27\"></span>relative <span class=\"_ _2a\"></span>imposte <span class=\"_ _27\"></span>differite. <span class=\"_ _2a\"></span>Dalla<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>riserva<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>sono <span class=\"_ _27\"></span>stati<span class=\"_ _5d\"> </span>riclassificati <span class=\"_ _19\"> </span>agli  utili<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>portati  a <span class=\"_ _19\"> </span>nuovo <span class=\"_ _19\"> </span>gli <span class=\"_ _19\"> </span>importi <span class=\"_ _19\"> </span>riferiti  alle <span class=\"_ _19\"> </span>plusvalenze <span class=\"_ _19\"> </span>realizzate <span class=\"_ _19\"> </span><span class=\"ls3\">su</span>  p<span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>rziali<span class=\"_ _5d\"> </span>disinvestimenti  di <span class=\"_ _19\"> </span>partecipazioni  che  <span class=\"ls8\">in</span> <span class=\"_ _19\"> </span>applicazione  <span class=\"ff7\">dell\u2019IFRS</span> <span class=\"_ _12\"> </span>9  non <span class=\"_ _19\"> </span>sono  riversati  a <span class=\"_ _19\"> </span>conto<span class=\"_ _5d\"> </span>economico.<table class=\"s w28d h11a\" id=\"_f8187b44-8f13-41cb-9a42-0f0578e469fc\"><tr><td></td><td class=\"c x21b yda6 w28e he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">Valore a<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x21c yda7 w28f he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">Valore a<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab yda8 wd4 h80\"><div class=\"t m0 x15 h9 y62d ff2 fs0 fc0 sc0 ls0 ws0\">euro<span class=\"ls4\">    </span>                       <span class=\"_ _2\"></span> </div></td><td class=\"c x21d yda9 w290 he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">bilancio<span class=\"_ _5d\"> </span></div></td><td class=\"c x1cd yda8 wd6 h80\"><div class=\"t m0 x38 h9 y62d ff2 fs0 fc0 sc0 ls0 ws0\">Variazione </div></td><td class=\"c x21e yda8 wd7 h80\"><div class=\"t m0 x33 h9 y62d ff2 fs0 fc0 sc0 ls0 ws0\">Rigiri a utili a nuovo<span class=\"_ _2\"></span> </div></td><td class=\"c x21f ydaa w291 he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">bilancio<span class=\"_ _5d\"> </span></div></td></tr><tr><td></td><td class=\"c x220 ydab w292 he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">31.12.2024<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x1df yda8 wb2 h4d\"><div class=\"t m0 x2f h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31.12.2025 </div></td></tr><tr><td class=\"c x1ab ydac wd4 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Capogruppo e consolida<span class=\"_ _2\"></span>te </div></td><td class=\"c x221 ydac wd5 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">424.269.012 </div></td><td class=\"c x1cd ydac wd6 h4d\"><div class=\"t m0 x88 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">63.995.623 </div></td><td class=\"c x21e ydac wd7 h4d\"><div class=\"t m0 x2d hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">10.183.639 </div></td><td class=\"c x1df ydac wb2 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">498.448.274 </div></td></tr><tr><td class=\"c x187 ydad w293 he5\"><div class=\"t m0 x176 hf yc3d ff3 fs0 fc0 sc0 ls0 ws0\">Partecipazioni valutate c<span class=\"_ _2\"></span>on il<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydae w294 he5\"><div class=\"t m0 x176 hf yc3d ff3 fs0 fc0 sc0 ls0 ws0\">metodo del patrimoni<span class=\"_ _2\"></span>o netto</div></td><td class=\"c x221 ydaf wd5 h51\"><div class=\"t m0 x8a hf y2bc ff3 fs0 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x1f hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(9.982.044) </div></td><td></td><td></td><td class=\"c x1df ydaf wb2 h51\"><div class=\"t m0 x1a hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(9.982.044) </div></td></tr><tr><td class=\"c x1ab ydb0 wd4 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Effetto fiscale </div></td><td class=\"c x221 ydb0 wd5 h4e\"><div class=\"t m0 x1f hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(5.779.859) </div></td><td class=\"c x1cd ydb0 wd6 h4e\"><div class=\"t m0 x31 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(923.679) </div></td><td class=\"c x21e ydb0 wd7 h4e\"><div class=\"t m0 x82 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">337.625 </div></td><td class=\"c x1df ydb0 wb2 h4e\"><div class=\"t m0 x1f hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">(6.365.913) </div></td></tr><tr><td class=\"c x1ab ydb1 wd4 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale  </div></td><td class=\"c x221 ydb1 wd5 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">408.507.109 </div></td><td class=\"c x1cd ydb1 wd6 h4d\"><div class=\"t m0 x88 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">63.071.944 </div></td><td class=\"c x21e ydb1 wd7 h4d\"><div class=\"t m0 x2d h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">10.521.264 </div></td><td class=\"c x1df ydb1 wb2 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">482.100.317 </div></td></tr></table>Per <span class=\"_ _2\"></span><span class=\"ls8\">il</span> <span class=\"_ _2\"></span>dettaglio <span class=\"_ _29\"></span>delle <span class=\"_ _2\"></span>variazioni <span class=\"_ _2\"></span><span class=\"ls3\">si</span> <span class=\"_ _29\"></span>veda <span class=\"_ _2\"></span>quanto <span class=\"_ _2\"></span>descritto <span class=\"_ _2\"></span><span class=\"ff7\">all\u2019<span class=\"_ _2\"></span>allegato</span> <span class=\"_ _2\"></span>2 <span class=\"_ _2\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>alla <span class=\"_ _2\"></span>nota <span class=\"_ _29\"></span><span class=\"ls8\">13</span> <span class=\"_ _2\"></span>(Partecipazioni<span class=\"_ _5d\"> </span>valutate <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>FVOCI) <span class=\"_ _23\"></span>nonch\u00e9 <span class=\"_ _24\"></span>alla <span class=\"_ _23\"></span>nota <span class=\"_ _23\"></span>14 <span class=\"_ _24\"></span>(Partecipazioni <span class=\"_ _23\"></span>valutate <span class=\"_ _23\"></span>con <span class=\"_ _24\"></span><span class=\"ls8\">il<span class=\"ls0\"> <span class=\"_ _23\"></span>metodo <span class=\"_ _24\"></span>del <span class=\"_ _23\"></span>patrimonio <span class=\"_ _23\"></span>netto).<span class=\"_ _5d\"> </span></span></span>Riserva OCI con rigiro a conto economico<span class=\"_ _5d\"> </span>La <span class=\"_ _12\"> </span>riserva  \u00e8 <span class=\"_ _19\"> </span>negativa  ed <span class=\"_ _19\"> </span>ammonta  ad <span class=\"_ _12\"> </span>euro  <span class=\"ls8\">4.<span class=\"lsd\">168</span></span>.<span class=\"ls8\">400</span>. <span class=\"_ _12\"> </span>Si  riferis<span class=\"_ _1\"></span>ce  princi<span class=\"_ _1\"></span>palmente  a <span class=\"_ _19\"> </span>quote  di<span class=\"_ _5d\"> </span>variazione <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>riserva <span class=\"_ _24\"></span>OCI <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>partecipazioni <span class=\"_ _23\"></span>valutate <span class=\"_ _24\"></span>col <span class=\"_ _24\"></span>metodo <span class=\"_ _24\"></span>del <span class=\"_ _24\"></span>patrimonio <span class=\"_ _23\"></span>netto <span class=\"_ _24\"></span><span class=\"lse\">e <span class=\"_ _23\"></span><span class=\"ls0\">alle <span class=\"_ _24\"></span>va<span class=\"_ _2\"></span>riazioni<span class=\"_ _5d\"> </span></span></span>di <span class=\"_ _2\"></span><span class=\"ffb\">fair <span class=\"_ _2\"></span>value</span> <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>titoli <span class=\"_ _2\"></span>acquisiti <span class=\"_ _2\"></span>come <span class=\"_ _2\"></span>impiego <span class=\"_ _29\"></span>temporaneo <span class=\"_ _2\"></span>di liquidit\u00e0<span class=\"_ _2\"></span>. La <span class=\"_ _29\"></span>relativa riserva <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span><span class=\"ffb\">fair <span class=\"_ _2\"></span>value<span class=\"_ _5d\"> </span></span>sar\u00e0 <span class=\"_ _51\"> </span>riversata <span class=\"_ _54\"> </span>a <span class=\"_ _54\"> </span>conto <span class=\"_ _54\"> </span>ec<span class=\"_ _2\"></span>onomico <span class=\"_ _54\"> </span>al <span class=\"_ _51\"> </span>momento <span class=\"_ _54\"> </span>della <span class=\"_ _51\"> </span>vendita <span class=\"_ _54\"> </span>del <span class=\"_ _54\"> </span>titolo <span class=\"_ _51\"> </span>sottostante.<span class=\"_ _5d\"> </span>Riserva per acquisto azioni proprie<span class=\"_ _5d\"> </span>La riserva \u00e8 negativa ed ammonta ad euro <span class=\"ls8\">152</span>.<span class=\"ls8\">837</span>.<span class=\"ls8\">075</span>.<span class=\"_ _5d\"> </span>Altre riserve<span class=\"_ _5d\"> </span>Sono <span class=\"_ _27\"></span>negative <span class=\"_ _22\"> </span>complessivamente <span class=\"_ _27\"></span>per <span class=\"_ _22\"> </span>euro <span class=\"_ _22\"> </span>20.<span class=\"ls8\">843</span>.<span class=\"ls8\">37</span>7. <span class=\"_ _27\"></span>Si <span class=\"_ _27\"></span>riferiscono <span class=\"_ _22\"> </span>principalmente <span class=\"_ _22\"> </span>a <span class=\"_ _27\"></span>quote <span class=\"_ _22\"> </span>di<span class=\"_ _5d\"> </span>variazioni <span class=\"_ _18\"> </span>negative <span class=\"_ _2c\"> </span>di <span class=\"_ _2c\"> </span>riserve <span class=\"_ _18\"> </span>di <span class=\"_ _2c\"> </span>partecipazioni <span class=\"_ _2c\"> </span>valutate <span class=\"_ _2c\"> </span>col <span class=\"_ _18\"> </span>metodo <span class=\"_ _2c\"> </span>del <span class=\"_ _2c\"> </span>pa<span class=\"_ _2\"></span>trimonio <span class=\"_ _2c\"> </span>netto.<span class=\"_ _5d\"> </span>Comprendono la riserva per assegnazione di <span class=\"ffb\">Unit</span> relative ai piani di <span class=\"ffb\">performance share</span>.<span class=\"_ _5d\"> </span>Riserva IFRS business combination<span class=\"_ _5d\"> </span>La<span class=\"ls0\"> riserva \u00e8 negativa <span class=\"lse\">ed</span> ammonta <span class=\"lsa\">ad</span> euro <span class=\"ls8\">483.655,</span> invariata rispetto <span class=\"lsa\">al</span> <span class=\"ls8\">31</span> dicembre <span class=\"ls8\">202</span>4.<span class=\"_ _5d\"> </span></span>Avanzo di fusione<span class=\"_ _5d\"> </span>L\u2019avanzo <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>fusione <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>mmonta <span class=\"_ _29\"></span>ad <span class=\"_ _28\"></span>euro <span class=\"_ _2a\"></span>5.060.152, <span class=\"_ _28\"></span>riveniente <span class=\"_ _28\"></span>da<span class=\"_ _2\"></span>ll\u2019operazione <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>incorporazione <span class=\"_ _2a\"></span>di<span class=\"_ _5d\"> </span>Secontip S.p.A. in TIP S.p.A. <span class=\"ff7\">all\u20191</span> gennaio 2011. Utili (perdite) a nuovo<span class=\"_ _5d\"> </span>Gli utili a nuovo ammontano ad euro <span class=\"ls8\">69</span>2.181.<span class=\"ls8\">099</span> e sono aumentati, rispetto al 31 dicembre 202<span class=\"ls8\">4,<span class=\"_ _5d\"> </span></span>a <span class=\"_ _23\"></span>seguito <span class=\"_ _1\"></span>dell\u2019allocazione <span class=\"_ _23\"></span>dell\u2019utile <span class=\"_ _23\"></span>dell\u2019esercizio <span class=\"_ _23\"></span>202<span class=\"_ _2\"></span><span class=\"ff3\">4 <span class=\"_ _23\"></span>e <span class=\"_ _23\"></span>della<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>riclassifica <span class=\"_ _23\"></span>dalla <span class=\"_ _23\"></span>riserva di <span class=\"_ _24\"></span><span class=\"ffb\">fair <span class=\"_ _23\"></span>value<span class=\"_ _2\"></span><span class=\"ff3\"> <span class=\"_ _23\"></span>OCI<span class=\"_ _5d\"> </span></span></span></span>senza <span class=\"_ _48\"> </span>rigiro <span class=\"_ _48\"> </span>a <span class=\"_ _8\"> </span>conto <span class=\"_ _48\"> </span>economico <span class=\"_ _48\"> </span>degli <span class=\"_ _8\"> </span>importi <span class=\"_ _48\"> </span>riferiti <span class=\"_ _48\"> </span>alle <span class=\"_ _48\"> </span>plusvalenze <span class=\"_ _48\"> </span>realizza<span class=\"_ _2\"></span>te <span class=\"_ _48\"> </span>su <span class=\"_ _48\"> </span>parziali<span class=\"_ _5d\"> </span>disinvestimenti di partecipazioni che non sono transitati a conto economico, a<span class=\"_ _2\"></span>l netto dei dividendi<span class=\"_ _5d\"> </span>erogati. Per <span class=\"_ _22\"> </span>i <span class=\"_ _22\"> </span>movimenti <span class=\"_ _25\"> </span><span class=\"lse\">ed</span> <span class=\"_ _22\"> </span><span class=\"ls8\">il</span> <span class=\"_ _22\"> </span>dettaglio <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>altri <span class=\"_ _22\"> </span>componenti <span class=\"_ _22\"> </span>del <span class=\"_ _25\"> </span>patrimonio <span class=\"_ _22\"> </span>netto <span class=\"_ _22\"> </span><span class=\"ls3\">si</span> <span class=\"_ _22\"> </span>rinvia <span class=\"_ _25\"> </span><span class=\"lsa\">al</span> <span class=\"_ _27\"></span>prospe<span class=\"_ _2\"></span>tto<span class=\"_ _5d\"> </span>specifico. La<span class=\"ls0\"> <span class=\"_ _19\"> </span>tabella <span class=\"_ _25\"> </span>seguente <span class=\"_ _19\"> </span>riporta <span class=\"_ _25\"> </span><span class=\"ls8\">il</span> <span class=\"_ _25\"> </span>rac<span class=\"_ _2\"></span>cordo <span class=\"_ _25\"> </span>tra <span class=\"_ _19\"> </span><span class=\"ls8\">il</span> <span class=\"_ _25\"> </span>patrimonio <span class=\"_ _19\"> </span>netto <span class=\"_ _25\"> </span>della <span class=\"_ _19\"> </span>capogruppo <span class=\"_ _25\"> </span>risultante <span class=\"_ _19\"> </span>dal<span class=\"_ _5d\"> </span></span>bilancio separato e <span class=\"lsd\">il<span class=\"_ _2\"></span></span> patrimonio netto consolidato.<table class=\"s w295 h11b\" id=\"_19871524-67aa-446b-80ac-2a976e5f0ac1\"><tr><td></td><td class=\"c x222 ydb3 w296 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">Patrimonio<span class=\"_ _5d\"> </span></div></td><td class=\"c x223 ydb3 w297 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">Patrimonio<span class=\"_ _5d\"> </span></div></td><td class=\"c x224 ydb3 w296 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">Patrimonio<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x225 ydb3 w298 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">Patrimonio<span class=\"_ _5d\"> </span></div></td><td class=\"c x226 ydb4 w297 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">Patrimonio</div></td><td class=\"c x227 ydb3 w299 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">Patrimonio netto<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab ydb5 wd8 h81\"><div class=\"t m0 x15 h25 y640 ff2 fs7 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x228 ydb6 w29a h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">netto al 31<span class=\"_ _5d\"> </span></div></td><td class=\"c x229 ydb6 w29b h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">netto di<span class=\"_ _5d\"> </span></div></td><td class=\"c x22a ydb6 w29a h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">netto al 31<span class=\"_ _5d\"> </span></div></td><td class=\"c x22b ydb5 wdc h81\"><div class=\"t m0 x15 h82 y640 ff3 fs7 fc0 sc0 ls0 ws0\">Risultato 2025 </div></td><td class=\"c x20b ydb5 wdd h81\"><div class=\"t m0 x15 h82 y640 ff3 fs7 fc0 sc0 ls0 ws0\">Altre variazioni<span class=\"_ _2\"></span> </div></td><td class=\"c x22c ydb6 w29a h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">netto al 31<span class=\"_ _5d\"> </span></div></td><td class=\"c x22d ydb7 w29c h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">netto di terzi</div></td><td class=\"c x22e ydb6 w29d h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">al 31 dicembre<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x187 ydb8 w29e h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">Patrimonio netto<span class=\"_ _5d\"> </span></div></td><td class=\"c x22f ydb9 w29f h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">dicembre 2024<span class=\"_ _5d\"> </span></div></td><td class=\"c x230 ydb9 w2a0 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">terzi<span class=\"_ _5d\"> </span></div></td><td class=\"c x231 ydb9 w29f h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">dicembre 2024<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x232 ydb9 w29f h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">dicembre 2025<span class=\"_ _5d\"> </span></div></td><td></td><td class=\"c x233 ydb9 w2a1 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls16 ws0\">2025<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x187 ydba w2a2 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">della capogruppo<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 ydbb wd9 h83\"><div class=\"t m0 xa8 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">1.005.29<span class=\"_ _1\"></span>1.272 </div></td><td class=\"c x1f7 ydbb wda h83\"><div class=\"t m0 x88 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x234 ydbb wdb h83\"><div class=\"t m0 x15 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">1.005.29<span class=\"_ _1\"></span>1.272 </div></td><td class=\"c x22b ydbb wdc h83\"><div class=\"t m0 x15 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">(37.805.59<span class=\"_ _1\"></span>0) </div></td><td class=\"c x20b ydbb wdd h83\"><div class=\"t m0 x15 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">(105.824.<span class=\"_ _1\"></span>706) </div></td><td class=\"c x235 ydbb wde h83\"><div class=\"t m0 x2f h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">861.660.97<span class=\"_ _1\"></span>6 </div></td><td></td><td class=\"c x1dd ydbb we0 h83\"><div class=\"t m0 x32 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">861.660.97<span class=\"_ _1\"></span>6 </div></td></tr><tr><td class=\"c x187 ydbc w2a3 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">da bilancio<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydbd w2a4 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">separato<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydbe w2a5 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">Elisioni sul bilancio<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 ydbf wd9 h68\"><div class=\"t m0 x15 h27 y647 ff2 fsb fc0 sc0 ls0 ws0\">(235.03<span class=\"_ _1\"></span>3.697) </div></td><td></td><td></td><td class=\"c x22b ydbf wdc h68\"><div class=\"t m0 x2f h30 y647 ff3 fsb fc0 sc0 ls0 ws0\">(2.055.816)<span class=\"ff1\"> </span></div></td><td class=\"c x20b ydbf wdd h68\"><div class=\"t m0 x86 h30 y647 ff3 fsb fc0 sc0 ls0 ws0\">0<span class=\"ff1\"> </span></div></td><td class=\"c x235 ydbf wde h68\"><div class=\"t m0 x15 h27 y647 ff2 fsb fc0 sc0 ls0 ws0\">(237.08<span class=\"_ _1\"></span>9.513) </div></td><td></td><td></td></tr><tr><td class=\"c x187 ydc0 w2a6 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">separato<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc1 w2a7 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">Valori di carico e<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc2 w2a8 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">rettifiche di valore<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc3 w2a9 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">delle partecipazioni<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 ydc4 wd9 h85\"><div class=\"t m0 x2f h27 y64c ff2 fsb fc0 sc0 ls0 ws0\">402.349.<span class=\"_ _1\"></span>267 </div></td><td></td><td></td><td class=\"c x22b ydc4 wdc h85\"><div class=\"t m0 x34 h30 y64c ff3 fsb fc0 sc0 ls0 ws0\">94.901.74<span class=\"_ _1\"></span>5<span class=\"ff1\"> </span></div></td><td class=\"c x20b ydc4 wdd h85\"><div class=\"t m0 x1a h30 y64c ff3 fsb fc0 sc0 ls0 ws0\">(20.049.959<span class=\"_ _1\"></span>)<span class=\"ff1\"> </span></div></td><td class=\"c x235 ydc4 wde h85\"><div class=\"t m0 x2f h27 y64c ff2 fsb fc0 sc0 ls0 ws0\">477.201.05<span class=\"_ _1\"></span>3 </div></td><td></td><td></td></tr><tr><td class=\"c x187 ydc5 w2aa h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">valutate con il<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc6 w2ab h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">metodo del<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc7 w2ac h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">patrimonio netto<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc8 w2ad h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">Patrimonio netto<span class=\"_ _2\"></span> e<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydc9 w2ae h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">risultato<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydca w2af h11c\"><div class=\"t m0 x176 h82 ydb2 ff7 fs7 fc0 sc0 ls0 ws0\">dell\u2019esercizio<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydcb w2b0 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">(determinati in b<span class=\"_ _2\"></span>ase<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 ydcc wd9 h86\"><div class=\"t m0 x2f h27 y654 ff2 fsb fc0 sc0 ls0 ws0\">374.309.<span class=\"_ _1\"></span>970 </div></td><td></td><td></td><td class=\"c x22b ydcc wdc h86\"><div class=\"t m0 x92 h30 y654 ff3 fsb fc0 sc0 ls0 ws0\">(329.161)<span class=\"ff1\"> </span></div></td><td class=\"c x20b ydcc wdd h86\"><div class=\"t m0 x2f h30 y654 ff3 fsb fc0 sc0 ls0 ws0\">126.613<span class=\"_ _1\"></span>.443<span class=\"ff1\"> </span></div></td><td class=\"c x235 ydcc wde h86\"><div class=\"t m0 x2f h27 y654 ff2 fsb fc0 sc0 ls0 ws0\">500.594.<span class=\"_ _1\"></span>252 </div></td><td></td><td></td></tr><tr><td class=\"c x187 ydcd w2b1 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">a principi omogen<span class=\"_ _2\"></span>ei)<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydce w2b2 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">delle imprese<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydcf w2b3 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">consolidate<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydd0 w2b4 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">Elisione valore di<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydd1 w2b5 h11c\"><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">carico delle<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 ydd2 wd9 h87\"><div class=\"t m0 x15 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">(163.709.<span class=\"_ _1\"></span>327) </div></td><td></td><td></td><td class=\"c x22b ydd2 wdc h87\"><div class=\"t m0 x34 h30 y645 ff3 fsb fc0 sc0 ls0 ws0\">18.421.75<span class=\"_ _1\"></span>2 </div></td><td class=\"c x20b ydd2 wdd h87\"><div class=\"t m0 x86 h30 y645 ff3 fsb fc0 sc0 ls0 ws0\">0 </div></td><td class=\"c x235 ydd2 wde h87\"><div class=\"t m0 x15 h27 y645 ff2 fsb fc0 sc0 ls0 ws0\">(145.287.<span class=\"_ _1\"></span>575) </div></td><td></td><td></td></tr><tr><td class=\"c x187 ydd4 w2b6 h11d\"><div class=\"t m0 x176 h82 ydd3 ff3 fs7 fc0 sc0 ls0 ws0\">partecipazioni in<span class=\"_ _5d\"> </span></div><div class=\"t m0 x176 h82 ydb2 ff3 fs7 fc0 sc0 ls0 ws0\">imprese controllate<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydd5 w29e h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">Patrimonio netto<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydd6 w2b7 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">attribuibile agli<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydd7 w2b8 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">azionisti della<span class=\"_ _5d\"> </span></div></td><td class=\"c x200 ydd8 wd9 h88\"><div class=\"t m0 x15 h27 y65f ff2 fsb fc0 sc0 ls0 ws0\">1.383.207.<span class=\"_ _1\"></span>485 </div></td><td class=\"c x1f7 ydd8 wda h88\"><div class=\"t m0 x15 h30 y65f ff3 fsb fc0 sc0 ls0 ws0\">71.587.47<span class=\"_ _1\"></span>2 </div></td><td class=\"c x234 ydd8 wdb h88\"><div class=\"t m0 x15 h27 y65f ff2 fsb fc0 sc0 ls0 ws0\">1.454.794.<span class=\"_ _1\"></span>957 </div></td><td class=\"c x22b ydd8 wdc h88\"><div class=\"t m0 x34 h30 y65f ff3 fsb fc0 sc0 ls0 ws0\">73.132.93<span class=\"_ _1\"></span>0 </div></td><td class=\"c x20b ydd8 wdd h88\"><div class=\"t m0 x35 h30 y65f ff3 fsb fc0 sc0 ls0 ws0\">738.778 </div></td><td class=\"c x235 ydd8 wde h88\"><div class=\"t m0 x15 h27 y65f ff2 fsb fc0 sc0 ls0 ws0\">1.457.079.<span class=\"_ _1\"></span>193 </div></td><td class=\"c x236 ydd8 wdf h88\"><div class=\"t m0 x1a h30 y65f ff3 fsb fc0 sc0 ls0 ws0\">52.405.13<span class=\"_ _1\"></span>7 </div></td><td class=\"c x1dd ydd8 we0 h88\"><div class=\"t m0 x3a h27 y65f ff2 fsb fc0 sc0 ls0 ws0\">1.509.484.<span class=\"_ _1\"></span>3<span class=\"ls50\">30</span> </div></td></tr><tr><td class=\"c x187 ydd9 w2b9 h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">controllante da<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ydda w2ba h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">bilancio<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ybcc w2bb h11c\"><div class=\"t m0 x176 h25 ydb2 ff2 fs7 fc0 sc0 ls0 ws0\">consolidato<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Patrimonio netto di terzi<span class=\"_ _5d\"> </span>Al <span class=\"_ _23\"></span>31 <span class=\"_ _23\"></span>dicembre 2<span class=\"_ _23\"></span>025 il <span class=\"_ _24\"></span>patrimonio <span class=\"_ _23\"></span>netto <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>terzi fa <span class=\"_ _24\"></span>riferimento <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>lla <span class=\"_ _23\"></span>controllata <span class=\"_ _23\"></span>Investindesign <span class=\"_ _23\"></span>S.p.A.<span class=\"_ _5d\"> </span>detenuta al 50,69%.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-455": {
   "value": "(2<span class=\"ls0\">5) Risultato d<span class=\"ffa\">\u2019esercizio</span> </span>Risultato base per azione<span class=\"ff3\"> </span>Al <span class=\"_ _28\"></span>31 <span class=\"_ _28\"></span>dicembre <span class=\"_ _2a\"></span><span class=\"ls8\">202</span>5 <span class=\"_ _28\"></span><span class=\"ff7\">l\u2019utile <span class=\"_ _28\"></span>base <span class=\"_ _2a\"></span>per <span class=\"_ _28\"></span>azione <span class=\"_ _2a\"></span>\u2013</span> <span class=\"_ _28\"></span>utile <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>es<span class=\"_ _2\"></span>ercizio <span class=\"_ _28\"></span>diviso <span class=\"_ _28\"></span>per <span class=\"_ _2a\"></span>il <span class=\"_ _28\"></span>numero <span class=\"_ _28\"></span>medio <span class=\"_ _28\"></span>del<span class=\"_ _2\"></span>le azioni in circolazione ne<span class=\"_ _1\"></span>l periodo calcolato <span class=\"_ _23\"></span>tenendo conto delle azioni propr<span class=\"_ _1\"></span>ie possedute <span class=\"ff7\">\u2013</span> \u00e8 <span class=\"_ _1\"></span>pari a euro <span class=\"ls8\">0,</span>45.  Risultato diluito per azione <span class=\"ff3\"> </span>Al 31 dicembre <span class=\"ff7\">2025 l\u2019util<span class=\"_ _1\"></span>e diluito per azione \u00e8 pari <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span> <span class=\"ff3\">euro <span class=\"ls8\">0,4</span>4. </span><span class=\"ff3\">Tale </span>importo rappresenta l\u2019utile d<span class=\"_ _23\"></span>i </span>esercizio <span class=\"_ _23\"></span>divi<span class=\"_ _2\"></span>so <span class=\"_ _23\"></span>per <span class=\"_ _1\"></span>il <span class=\"_ _23\"></span>numero<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>delle<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>azioni ordinarie <span class=\"_ _23\"></span>in <span class=\"_ _23\"></span>circolazione al <span class=\"_ _23\"></span>31 di<span class=\"_ _23\"></span>ce<span class=\"_ _2\"></span>mbre <span class=\"_ _23\"></span>2025, considerati<span class=\"_ _23\"></span> gli eventuali effetti diluitivi generati dalle azioni a servizio de<span class=\"ls8\">i </span>piani di incentivazione<span class=\"ffb\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-6": {
   "value": "<span class=\"ff3\">Tale </span>importo rappresenta l\u2019utile d<span class=\"_ _23\"></span>i esercizio <span class=\"_ _23\"></span>divi<span class=\"_ _2\"></span>so <span class=\"_ _23\"></span>per <span class=\"_ _1\"></span>il <span class=\"_ _23\"></span>numero<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>delle<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>azioni ordinarie <span class=\"_ _23\"></span>in <span class=\"_ _23\"></span>circolazione al <span class=\"_ _23\"></span>31 di<span class=\"_ _23\"></span>ce<span class=\"_ _2\"></span>mbre <span class=\"_ _23\"></span>2025, considerati<span class=\"_ _23\"></span> gli eventuali effetti diluitivi generati dalle azioni a servizio de<span class=\"ls8\">i </span>piani di incentivazione<span class=\"ffb\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-456": {
   "value": "<div class=\"c w2 h0 gsc\"><div class=\"t m0 x2 h3 y672 ff2 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x2 h3 y673 ff2 fs1 fc0 sc0 lsc ws0\">(2<span class=\"ls0\">7) Passivit\u00e0 finanziarie non correnti </span></div><div class=\"t m0 x2 h7 y674 ff3 fs1 fc0 sc0 ls0 ws0\">Le passivit\u00e0 finanziarie non correnti, pari ad euro 475.<span class=\"ls8\">218</span>.<span class=\"ls8\">235</span>, si riferiscono:  </div><div class=\"t m0 x2 h7 y675 ff3 fs1 fc0 sc0 ls0 ws0\">-<span class=\"ff6\"> <span class=\"_ _1b\"> </span></span>per <span class=\"_ _27\"></span><span class=\"ls8\">400.672</span>.520 <span class=\"_ _27\"></span><span class=\"lsa\">al</span> <span class=\"_ _27\"></span>Prestito <span class=\"_ _22\"> </span>Obbligazionario <span class=\"_ _27\"></span>TIP <span class=\"_ _22\"> </span>2024-<span class=\"ls8\">2029</span> <span class=\"_ _27\"></span>collocato <span class=\"_ _22\"> </span>nel <span class=\"_ _27\"></span>giugno <span class=\"_ _27\"></span><span class=\"ls8\">2024,</span> <span class=\"_ _22\"> </span>del </div><div class=\"t m0 x14 h7 y676 ff3 fs1 fc0 sc0 ls0 ws0\">valore <span class=\"_ _19\"> </span>nominale <span class=\"_ _19\"> </span>originario <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span><span class=\"ls8\">290.500.000</span> <span class=\"_ _25\"> </span>e<span class=\"_ _2\"></span>d <span class=\"_ _19\"> </span>incrementato <span class=\"_ _19\"> </span>nel <span class=\"_ _19\"> </span>me<span class=\"_ _1\"></span>se <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>giugno <span class=\"_ _19\"> </span><span class=\"ls8\">2025</span> <span class=\"_ _19\"> </span>per<span class=\"_ _23\"></span> </div><div class=\"t m0 x14 h7 y677 ff3 fs1 fc0 sc0 ls8 ws0\">110.000.000<span class=\"ls0\"> <span class=\"_ _19\"> </span>nominali,  questi <span class=\"_ _19\"> </span>ultimi <span class=\"_ _12\"> </span>con <span class=\"_ _19\"> </span><span class=\"ls9\">un</span>  prezzo <span class=\"_ _19\"> </span>di  emissione <span class=\"_ _19\"> </span>del  101,75% <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>va<span class=\"_ _2\"></span>lore </span></div><div class=\"t m0 x14 h7 y678 ff3 fs1 fc0 sc0 ls0 ws0\">nominale. <span class=\"_ _29\"></span><span class=\"lsc\">Il</span> <span class=\"_ _28\"></span>prestito <span class=\"_ _29\"></span>ha <span class=\"_ _29\"></span>data <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>inizio <span class=\"_ _29\"></span>godimento <span class=\"_ _29\"></span><span class=\"lsd\">21<span class=\"_ _2\"></span></span> <span class=\"_ _29\"></span>giugno <span class=\"_ _29\"></span><span class=\"ls8\">2024</span> <span class=\"_ _28\"></span>per <span class=\"_ _29\"></span><span class=\"ff7\">l\u2019emissione</span> <span class=\"_ _29\"></span>originaria <span class=\"_ _29\"></span>e </div><div class=\"t m0 x14 h7 y679 ff3 fs1 fc0 sc0 ls8 ws0\">20<span class=\"ls0\"> <span class=\"_ _27\"></span>giugno <span class=\"_ _27\"></span>2025 <span class=\"_ _2a\"></span>per <span class=\"_ _27\"></span><span class=\"lsd\">la</span> <span class=\"_ _27\"></span>seconda <span class=\"_ _27\"></span><span class=\"ffb\">tranche</span>. <span class=\"_ _2a\"></span>La<span class=\"_ _2\"></span> <span class=\"_ _27\"></span>data <span class=\"_ _2a\"></span>di <span class=\"_ _2a\"></span>sca<span class=\"_ _2\"></span>denza <span class=\"_ _2a\"></span>comune<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>\u00e8 <span class=\"_ _27\"></span></span>il<span class=\"ls0\"> <span class=\"_ _27\"></span></span>21<span class=\"ls0\"> <span class=\"_ _2a\"></span>giugno <span class=\"_ _27\"></span></span>2029.<span class=\"ls0\"> <span class=\"_ _2a\"></span><span class=\"lsc\">Il<span class=\"_ _2\"></span></span> </span></div><div class=\"t m0 x14 h7 y67a ff3 fs1 fc0 sc0 ls0 ws0\">Prestito <span class=\"_ _2\"></span>Obbliga<span class=\"_ _2\"></span>zionario <span class=\"_ _29\"></span>o<span class=\"ls11\">ffre</span> <span class=\"_ _29\"></span>cedole <span class=\"_ _29\"></span>annuali <span class=\"_ _29\"></span><span class=\"lsa\">ad</span> <span class=\"_ _29\"></span><span class=\"ls9\">un</span> <span class=\"_ _29\"></span>tasso <span class=\"_ _29\"></span>fisso <span class=\"_ _29\"></span>nominale<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>annuo <span class=\"_ _29\"></span>lordo <span class=\"_ _2\"></span>pa<span class=\"_ _2\"></span>ri <span class=\"_ _29\"></span><span class=\"lsa\">al</span> </div><div class=\"t m0 x14 h7 y67b ff3 fs1 fc0 sc0 ls0 ws0\">4,625%. <span class=\"_ _19\"> </span><span class=\"lsc\">Il</span> <span class=\"_ _25\"> </span>pres<span class=\"_ _2\"></span>tito <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _25\"> </span>stato <span class=\"_ _19\"> </span>iscritto <span class=\"_ _25\"> </span><span class=\"lsa\">al</span> <span class=\"_ _19\"> </span>costo <span class=\"_ _25\"> </span>a<span class=\"_ _2\"></span>mmortizzato <span class=\"_ _25\"> </span>a<span class=\"_ _2\"></span>pplicando <span class=\"_ _19\"> </span><span class=\"ls8\">il</span> <span class=\"_ _25\"> </span>tasso <span class=\"_ _19\"> </span>di <span class=\"_ _25\"> </span>interesse </div><div class=\"t m0 x14 h7 y67c ff3 fs1 fc0 sc0 ls0 ws0\">effettivo <span class=\"_ _28\"></span>che <span class=\"_ _2a\"></span>tiene <span class=\"_ _2a\"></span>conto <span class=\"_ _2a\"></span>dei <span class=\"_ _28\"></span>cos<span class=\"_ _2\"></span>ti <span class=\"_ _28\"></span>di <span class=\"_ _2a\"></span>transazione <span class=\"_ _2a\"></span>sostenuti <span class=\"_ _2a\"></span>per <span class=\"_ _28\"></span><span class=\"ff7\">l\u2019emissione<span class=\"_ _2\"></span></span> <span class=\"_ _28\"></span>del <span class=\"_ _2a\"></span>prestito <span class=\"_ _28\"></span>e<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>dei </div><div class=\"t m0 x14 h7 y67d ff3 fs1 fc0 sc0 ls0 ws0\">riacquisti di obbligazioni effettuate dalla societ\u00e0;  </div><div class=\"t m0 x7a h7 y67e ff3 fs1 fc0 sc0 ls0 ws0\">-<span class=\"ff6\"> <span class=\"_ _50\"> </span></span>per <span class=\"_ _22\"> </span>euro <span class=\"_ _25\"> </span><span class=\"ls8\">24.974</span>.<span class=\"ls8\">533</span> <span class=\"_ _22\"> </span><span class=\"ls3\">si</span> <span class=\"_ _22\"> </span>riferiscono <span class=\"_ _22\"> </span><span class=\"lsa\">ad</span> <span class=\"_ _22\"> </span><span class=\"ls9\">un</span> <span class=\"_ _25\"> </span>finanziamento <span class=\"_ _22\"> </span>a <span class=\"_ _22\"> </span>medio <span class=\"_ _25\"> </span>lungo <span class=\"_ _22\"> </span>termine <span class=\"_ _22\"> </span>del<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>valore </div><div class=\"t m0 x14 h7 y67f ff3 fs1 fc0 sc0 ls0 ws0\">nominale <span class=\"_ _2c\"> </span>di <span class=\"_ _2c\"> </span>25.000.000, <span class=\"_ _2c\"> </span>rimborsabile<span class=\"_ _2\"></span> <span class=\"_ _2c\"> </span>a <span class=\"_ _2c\"> </span>scadenza <span class=\"_ _2c\"> </span><span class=\"ls8\">il</span> <span class=\"_ _2c\"> </span><span class=\"ls8\">30</span> <span class=\"_ _2c\"> </span>giugno <span class=\"_ _2c\"> </span>2027, <span class=\"_ _2c\"> </span>iscritto <span class=\"_ _2c\"> </span><span class=\"lsa\">al</span> <span class=\"_ _2c\"> </span>costo </div><div class=\"t m0 x14 h7 y680 ff3 fs1 fc0 sc0 ls0 ws0\">ammortizzato applicando <span class=\"ls8\">il</span> tasso di interesse effettivo che tiene conto dei costi di transazione </div><div class=\"t m0 x14 h7 y681 ff3 fs1 fc0 sc0 ls0 ws0\">sostenuti per <span class=\"ff7\">l\u2019ottenimento</span> del prestito. <span class=\"lsc\">Il</span> prestito preve<span class=\"_ _2\"></span>de <span class=\"ls8\">il</span> rispetto di <span class=\"ls9\">un</span> <span class=\"ffb\">covenant</span> finanziario </div><div class=\"t m0 x14 h7 y682 ff3 fs1 fc0 sc0 ls3 ws0\">su<span class=\"ls0\"> base annua;  </span></div><div class=\"t m0 x7a h7 y683 ff3 fs1 fc0 sc0 ls0 ws0\">-<span class=\"ff6\"> <span class=\"_ _50\"> </span></span>per <span class=\"_ _22\"> </span>euro <span class=\"_ _25\"> </span><span class=\"ls8\">24.967</span>.<span class=\"ls8\">239</span> <span class=\"_ _22\"> </span><span class=\"ls3\">si</span> <span class=\"_ _22\"> </span>riferiscono <span class=\"_ _22\"> </span><span class=\"lsa\">ad</span> <span class=\"_ _22\"> </span><span class=\"ls9\">un</span> <span class=\"_ _25\"> </span>finanziamento <span class=\"_ _22\"> </span>a <span class=\"_ _22\"> </span>medio <span class=\"_ _25\"> </span>lungo <span class=\"_ _22\"> </span>termine <span class=\"_ _22\"> </span>del<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>valore </div><div class=\"t m0 x14 h7 y684 ff3 fs1 fc0 sc0 ls0 ws0\">nominale <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span><span class=\"ls8\">25.000.000,<span class=\"_ _2\"></span><span class=\"ls0\"> <span class=\"_ _23\"></span>con <span class=\"_ _23\"></span>rimborso <span class=\"_ _23\"></span>finale <span class=\"_ _1\"></span><span class=\"ls8\">il<span class=\"ls0\"> <span class=\"_ _23\"></span><span class=\"ls8\">21<span class=\"ls0\"> <span class=\"_ _23\"></span>febbraio<span class=\"_ _2\"></span> <span class=\"_ _23\"></span><span class=\"ls8\">2028,<span class=\"ls0\"> <span class=\"_ _23\"></span>iscritto <span class=\"_ _1\"></span><span class=\"lsa\">al<span class=\"ls0\"> <span class=\"_ _23\"></span>costo <span class=\"_ _23\"></span>ammortizzato </span></span></span></span></span></span></span></span></span></span></div><div class=\"t m0 x14 h7 y685 ff3 fs1 fc0 sc0 ls0 ws0\">applicando <span class=\"_ _2\"></span><span class=\"ls8\">il</span> <span class=\"_ _2\"></span>tasso<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"lsf\">di</span> <span class=\"_ _29\"></span>interesse <span class=\"_ _2\"></span>effettivo <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>tiene <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span>dei <span class=\"_ _29\"></span>costi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>transazione <span class=\"_ _2\"></span>sostenu<span class=\"lsb\">ti</span> <span class=\"_ _29\"></span>per </div><div class=\"t m0 x14 h7 y686 ff7 fs1 fc0 sc0 ls0 ws0\">l\u2019ottenimento<span class=\"ff3\"> <span class=\"_ _27\"></span>del <span class=\"_ _27\"></span>prestito. <span class=\"_ _2a\"></span><span class=\"lsc\">Il</span> <span class=\"_ _27\"></span>prestito <span class=\"_ _27\"></span>prevede <span class=\"_ _27\"></span><span class=\"ls8\">il</span> <span class=\"_ _27\"></span>rispetto <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span><span class=\"ls9\">un</span> <span class=\"_ _27\"></span>covenant <span class=\"_ _27\"></span>finanziario <span class=\"_ _27\"></span><span class=\"ls3\">su</span> <span class=\"_ _2a\"></span>base</span><span class=\"ff3\"> </span></div></div>annua; -<span class=\"ff6\"> <span class=\"_ _50\"> </span></span>per <span class=\"_ _22\"> </span>euro <span class=\"_ _25\"> </span><span class=\"ls8\">24</span>.<span class=\"ls8\">603</span>.<span class=\"ls8\">943</span> <span class=\"_ _22\"> </span><span class=\"ls3\">si</span> <span class=\"_ _22\"> </span>riferiscono <span class=\"_ _22\"> </span><span class=\"lsa\">ad</span> <span class=\"_ _22\"> </span><span class=\"ls9\">un</span> <span class=\"_ _25\"> </span>finanziamento <span class=\"_ _22\"> </span>a <span class=\"_ _22\"> </span>medio <span class=\"_ _25\"> </span>lungo <span class=\"_ _22\"> </span>termine <span class=\"_ _22\"> </span>del<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>valore nominale <span class=\"_ _2a\"></span>di <span class=\"_ _2a\"></span>euro <span class=\"_ _2a\"></span><span class=\"ls8\">25.000.000</span> <span class=\"_ _2a\"></span>rela<span class=\"_ _2\"></span>tivo <span class=\"_ _2a\"></span>alla <span class=\"_ _2a\"></span>prima <span class=\"_ _27\"></span><span class=\"ffb\">tranche</span> <span class=\"_ _2a\"></span>di <span class=\"_ _2a\"></span><span class=\"ls9\">un</span> <span class=\"_ _2a\"></span>finanziamento <span class=\"_ _27\"></span>complessivo <span class=\"_ _2a\"></span><span class=\"lsf\">da</span> euro <span class=\"_ _22\"> </span><span class=\"ls8\">100.000.000</span>, <span class=\"_ _22\"> </span>con <span class=\"_ _22\"> </span>rimborso <span class=\"_ _22\"> </span>finale <span class=\"_ _22\"> </span><span class=\"ls8\">il</span> <span class=\"_ _25\"> </span><span class=\"ls8\">29</span> <span class=\"_ _22\"> </span>dicembre <span class=\"_ _27\"></span><span class=\"ls8\">202</span>8 <span class=\"_ _25\"> </span>iscritto <span class=\"_ _22\"> </span><span class=\"lsa\">al</span> <span class=\"_ _22\"> </span>costo <span class=\"_ _22\"> </span>ammortizzato<span class=\"_ _5d\"> </span>applicando <span class=\"_ _2\"></span><span class=\"ls8\">il</span> <span class=\"_ _2\"></span>tasso<span class=\"_ _2\"></span> <span class=\"_ _2\"></span><span class=\"lsf\">di</span> <span class=\"_ _29\"></span>interesse <span class=\"_ _2\"></span>effettivo <span class=\"_ _2\"></span>che <span class=\"_ _2\"></span>tiene <span class=\"_ _2\"></span>conto <span class=\"_ _2\"></span>dei <span class=\"_ _29\"></span>costi <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>transazione <span class=\"_ _2\"></span>sostenuti <span class=\"_ _29\"></span>per l\u2019ottenimento<span class=\"ff3\"> <span class=\"_ _27\"></span>del <span class=\"_ _27\"></span>prestito. <span class=\"_ _2a\"></span><span class=\"lsc\">Il</span> <span class=\"_ _27\"></span>prestito <span class=\"_ _27\"></span>prevede <span class=\"_ _27\"></span><span class=\"ls8\">il</span> <span class=\"_ _27\"></span>rispetto <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span><span class=\"ls9\">un</span> <span class=\"_ _27\"></span>covenant <span class=\"_ _27\"></span>finanziario <span class=\"_ _27\"></span><span class=\"ls3\">su</span> <span class=\"_ _2a\"></span>base </span>annua. In <span class=\"_ _13\"> </span>ottemperanza <span class=\"_ _13\"> </span>all\u2019applicazione <span class=\"_ _14\"> </span>dei<span class=\"_ _2\"></span> <span class=\"_ _13\"> </span>principi <span class=\"_ _14\"> </span>contabili <span class=\"_ _13\"> </span>internaziona<span class=\"_ _2\"></span>li <span class=\"_ _14\"> </span>richia<span class=\"_ _2\"></span>mati <span class=\"_ _13\"> </span>dalla raccomandazione  C<span class=\"_ _2\"></span>onsob  n.  DEM  9017<span class=\"_ _2\"></span>965  del <span class=\"_ _21\"> </span>26 <span class=\"_ _26\"> </span>febbraio  2009 <span class=\"_ _21\"> </span>e <span class=\"_ _26\"> </span>dal  documento <span class=\"_ _21\"> </span>B<span class=\"_ _2\"></span>anca d\u2019Italia/Consob/Isvap <span class=\"_ _22\"> </span>n. <span class=\"_ _22\"> </span>4 <span class=\"_ _22\"> </span>del<span class=\"_ _2\"></span> <span class=\"_ _22\"> </span>marzo <span class=\"_ _22\"> </span>2010, <span class=\"_ _22\"> </span>si <span class=\"_ _22\"> </span>segnala <span class=\"_ _22\"> </span>che <span class=\"_ _25\"> </span>la <span class=\"_ _22\"> </span>voce <span class=\"_ _22\"> </span>oggetto <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>comme<span class=\"_ _2\"></span>nto <span class=\"_ _22\"> </span>n<span class=\"_ _2\"></span><span class=\"ff3 lsf\">on </span>include nessuna esposizione correlata a <span class=\"ffb\">covenant</span> non rispettati. (2<span class=\"ls0\">8) Passivit\u00e0 finanziarie correnti </span>Le passivit\u00e0 finanziarie correnti, pari a <span class=\"ls8\">74</span>.<span class=\"ls8\">541</span>.<span class=\"ls8\">800</span> euro, si riferiscono principalmente: -<span class=\"ff6\"> <span class=\"_ _53\"> </span></span>per <span class=\"_ _2\"></span>euro <span class=\"_ _2\"></span><span class=\"ls8\">60</span>.<span class=\"ls8\">695</span>.<span class=\"ls8\">382</span> <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>debiti <span class=\"_ _2\"></span>verso<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>banche <span class=\"_ _2\"></span>riferibili <span class=\"_ _2\"></span>principalmente <span class=\"_ _2\"></span><span class=\"ff7\">all\u2019utilizzo</span> <span class=\"_ _2\"></span>dei <span class=\"_ _2\"></span>fidi <span class=\"_ _29\"></span><span class=\"lsf\">di</span> <span class=\"_ _29\"></span>conto corrente;  -<span class=\"ff6\"> <span class=\"_ _53\"> </span></span>per euro <span class=\"ls8\">9.794</span>.<span class=\"ls8\">420</span> a interessi maturati sul prestito obbligazionario TIP <span class=\"ls8\">2024</span>-<span class=\"ls8\">2029</span>; -<span class=\"ff6\"> <span class=\"_ _53\"> </span></span>per <span class=\"_ _2\"></span>euro <span class=\"_ _29\"></span><span class=\"ls8\">4.051.998</span> <span class=\"_ _29\"></span>alla <span class=\"_ _29\"></span>quota <span class=\"_ _29\"></span>del <span class=\"_ _29\"></span>capitale <span class=\"_ _29\"></span>rimborsabile <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>breve <span class=\"_ _29\"></span>termine <span class=\"_ _29\"></span>di <span class=\"_ _2\"></span><span class=\"ls9\">un</span> <span class=\"_ _29\"></span>fina<span class=\"_ _2\"></span>nziamento <span class=\"_ _29\"></span>a tasso fisso a medio lungo termine <span class=\"ls8\">in</span> scadenza <span class=\"ls8\">il</span> <span class=\"ls8\">12</span> aprile <span class=\"ls8\">2026</span>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-457": {
   "value": "(3<span class=\"ls0\">0) Altre passivit\u00e0  </span>La<span class=\"ls0\"> <span class=\"_ _8\"> </span>voce <span class=\"_ _8\"> </span>\u00e8 <span class=\"_ _8\"> </span>composta <span class=\"_ _8\"> </span>prevalentemente <span class=\"_ _8\"> </span>da <span class=\"_ _8\"> </span>debiti <span class=\"_ _48\"> </span>per <span class=\"_ _8\"> </span>emolumenti <span class=\"_ _8\"> </span>agli <span class=\"_ _8\"> </span>amministratori <span class=\"_ _8\"> </span>e <span class=\"_ _8\"> </span>per </span>competenze a dipendenti. <table class=\"s w2be h120\" id=\"_380bcd11-504b-45ba-97bc-f961ed79471b\"><tr><td class=\"c x189 yde8 we4 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">euro </div></td><td class=\"c x239 yde8 we5 h4d\"><div class=\"t m0 x1a h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2025<span class=\"_ _2\"></span><span class=\"ff3\"> </span></div></td><td class=\"c x23a yde8 we6 h4d\"><div class=\"t m0 x30 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">31 dicembre 2024<span class=\"_ _2\"></span> </div></td></tr><tr><td class=\"c x189 yde9 we4 h4d\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Debiti verso amministratori e <span class=\"_ _2\"></span>dipendenti<span class=\"_ _2\"></span> </div></td><td class=\"c x239 yde9 we5 h4d\"><div class=\"t m0 x2b hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">17.0<span class=\"ls36\">87</span>.<span class=\"ls36\">969</span> </div></td><td class=\"c x23a yde9 we6 h4d\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">11.574<span class=\"ls0\">.</span>648<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x189 ydea we4 h5b\"><div class=\"t m0 x15 hf y2e9 ff3 fs0 fc0 sc0 ls0 ws0\">Debiti verso enti previdenz<span class=\"_ _2\"></span>iali </div></td><td class=\"c x239 ydea we5 h5b\"><div class=\"t m0 xaf hf y2e9 ff3 fs0 fc0 sc0 ls36 ws0\">290<span class=\"ls0\">.</span>624<span class=\"ls0\"> </span></div></td><td class=\"c x23a ydea we6 h5b\"><div class=\"t m0 xc2 hf y2e9 ff3 fs0 fc0 sc0 ls0 ws0\">2<span class=\"ls36\">23</span>.<span class=\"ls36\">684</span> </div></td></tr><tr><td class=\"c x189 ydeb we4 h4e\"><div class=\"t m0 x15 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Altri </div></td><td class=\"c x239 ydeb we5 h4e\"><div class=\"t m0 xaf hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">12<span class=\"ls0\">6.5</span>30<span class=\"ls0\"> </span></div></td><td class=\"c x23a ydeb we6 h4e\"><div class=\"t m0 xc2 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">128.017 </div></td></tr><tr><td class=\"c x189 ydec we4 h4d\"><div class=\"t m0 x15 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">Totale </div></td><td class=\"c x239 ydec we5 h4d\"><div class=\"t m0 xf4 h9 y291 ff2 fs0 fc0 sc0 ls0 ws0\">17.<span class=\"ls36\">505</span>.<span class=\"ls34\">123</span> </div></td><td class=\"c x23a ydec we6 h4d\"><div class=\"t m0 x71 h9 y291 ff2 fs0 fc0 sc0 ls34 ws0\">11.<span class=\"ls36\">926<span class=\"ls0\">.</span>349</span><span class=\"ls36\"><span class=\"ls0\"> </span></span></div></td></tr></table>La<span class=\"ls0\"> voce debiti verso amministratori e dipendenti comprende <span class=\"ls8\">la</span> quota variabil<span class=\"_ _1\"></span>e del compenso degli </span>amministratori calcolata sui risultati pro-forma del periodo e i bonus per i dipendenti. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-477": {
   "value": "(3<span class=\"ls0\">1) Rischi e incertezze </span>L\u2019esposizione<span class=\"ff3\"> <span class=\"_ _29\"></span>diretta <span class=\"_ _28\"></span>delle <span class=\"_ _29\"></span>principali <span class=\"_ _29\"></span>partecipa<span class=\"_ _2\"></span>te <span class=\"_ _29\"></span>del <span class=\"_ _29\"></span>Gruppo <span class=\"_ _29\"></span>TIP <span class=\"_ _29\"></span>verso <span class=\"_ _28\"></span>Russia, <span class=\"_ _28\"></span>Ucraina <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span>verso <span class=\"_ _29\"></span><span class=\"ls8\">il</span> </span>Medio <span class=\"_ _2\"></span>Oriente <span class=\"_ _2\"></span>non <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _2\"></span>particolarmente <span class=\"_ _2\"></span>significativa. <span class=\"_ _2\"></span>Qualcuna<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>potr\u00e0 <span class=\"_ _2\"></span>forse <span class=\"_ _29\"></span>risentire del<span class=\"_ _2\"></span><span class=\"ff7\">l\u2019incremento</span> del prezzo delle materie prime e <span class=\"ff7\">d<span class=\"_ _1\"></span>ell\u2019energia,<span class=\"ff3\"> <span class=\"ls2c\">ma<span class=\"_ _2\"></span></span> sono tutti fenomeni b<span class=\"_ _23\"></span>en<span class=\"_ _2\"></span> monitorati. <span class=\"lse\">Al</span> momento<span class=\"_ _5d\"> </span></span></span>non <span class=\"_ _24\"></span><span class=\"ls3\">si<span class=\"ls0\"> <span class=\"_ _23\"></span>sono <span class=\"_ _23\"></span>registrati <span class=\"_ _23\"></span>neanche <span class=\"_ _23\"></span>impatti <span class=\"_ _23\"></span>significativi <span class=\"_ _23\"></span>conseguenti <span class=\"_ _24\"></span><span class=\"ff7\">all\u2019<span class=\"_ _2\"></span>introduzione<span class=\"ff3\"> <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>dazi <span class=\"_ _23\"></span>da <span class=\"_ _23\"></span>parte <span class=\"_ _23\"></span>degli </span></span></span></span>Stati <span class=\"_ _2a\"></span>Uniti. <span class=\"_ _27\"></span><span class=\"ls11\">Le</span> <span class=\"_ _2a\"></span>pa<span class=\"_ _2\"></span>rtecipate <span class=\"_ _2a\"></span>hanno <span class=\"_ _2a\"></span>comunque<span class=\"_ _2\"></span> <span class=\"_ _2a\"></span>saputo <span class=\"_ _2a\"></span>affrontare <span class=\"_ _27\"></span>tali <span class=\"_ _2a\"></span>scenari <span class=\"_ _27\"></span>contenendo <span class=\"_ _2a\"></span>gli <span class=\"_ _27\"></span>effetti negativi <span class=\"_ _2a\"></span>e <span class=\"_ _27\"></span>i <span class=\"_ _2a\"></span>risultati <span class=\"_ _2a\"></span>degli <span class=\"_ _2a\"></span><span class=\"ffb\">impa<span class=\"_ _2\"></span>irment <span class=\"_ _2a\"></span>test</span> <span class=\"_ _2a\"></span>hanno <span class=\"_ _27\"></span>individuato <span class=\"_ _2a\"></span><span class=\"ls9\">un</span> <span class=\"_ _2a\"></span>numero <span class=\"_ _27\"></span>limitato <span class=\"_ _28\"></span>di <span class=\"_ _27\"></span>svalutazioni <span class=\"_ _2a\"></span><span class=\"ls8\">in</span> quanto <span class=\"ls8\">il</span> valore recuperabile \u00e8 risultato generalmente superiore <span class=\"lsa\">al</span> relativo valore di iscrizione. Rischio connesso ai cambiamenti climati<span class=\"_ _1\"></span>ci  Considerando <span class=\"_ _25\"> </span><span class=\"ls8\">le<span class=\"_ _2\"></span></span> <span class=\"_ _25\"> </span>indicazioni <span class=\"_ _25\"> </span>ESMA <span class=\"_ _25\"> </span><span class=\"ls8\">in</span> <span class=\"_ _19\"> </span>merito <span class=\"_ _22\"> </span>alla<span class=\"_ _2\"></span> <span class=\"_ _25\"> </span>potenziale <span class=\"_ _19\"> </span>impor<span class=\"_ _1\"></span>tanza <span class=\"_ _25\"> </span>degli <span class=\"_ _19\"> </span>asp<span class=\"_ _1\"></span>etti <span class=\"_ _25\"> </span>legati <span class=\"_ _19\"> </span><span class=\"lsa\">ai<span class=\"_ _23\"></span><span class=\"ls0\"> </span></span>cambiamenti <span class=\"_ _23\"></span>climatici <span class=\"_ _23\"></span>e <span class=\"_ _23\"></span>alla <span class=\"_ _24\"></span>transizione<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>energetica <span class=\"_ _24\"></span>sulle <span class=\"_ _23\"></span>attivit\u00e0 <span class=\"_ _23\"></span>economiche <span class=\"_ _23\"></span>e <span class=\"_ _23\"></span><span class=\"ls8\">le<span class=\"ls0\"> <span class=\"_ _24\"></span>correla<span class=\"_ _2\"></span>te <span class=\"_ _24\"></span>ev<span class=\"_ _2\"></span>oluzioni </span></span>del <span class=\"_ _2\"></span>contesto <span class=\"_ _29\"></span>normativo <span class=\"_ _2\"></span>a <span class=\"_ _29\"></span>livello <span class=\"_ _2\"></span>comunitario, <span class=\"_ _29\"></span><span class=\"ls8\">il</span> <span class=\"_ _2\"></span>gruppo <span class=\"_ _2\"></span><span class=\"ls3\">TI</span>P <span class=\"_ _2\"></span>ha <span class=\"_ _29\"></span>valutato <span class=\"_ _2\"></span>i <span class=\"_ _29\"></span>potenziali<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>impatti <span class=\"_ _2\"></span>diretti sull\u2019attivit\u00e0<span class=\"ff3\"> <span class=\"_ _2a\"></span>della <span class=\"_ _2a\"></span>capogruppo <span class=\"_ _2a\"></span>e <span class=\"_ _2a\"></span>delle <span class=\"_ _2a\"></span>societ\u00e0 <span class=\"_ _2a\"></span>consolidate <span class=\"_ _2a\"></span>ritenendo <span class=\"_ _27\"></span>di <span class=\"_ _28\"></span>non <span class=\"_ _2a\"></span>essere <span class=\"_ _2a\"></span>particolarmente </span>esposto <span class=\"_ _22\"> </span>direttamente <span class=\"_ _25\"> </span><span class=\"ls10\">ma</span> <span class=\"_ _22\"> </span>di <span class=\"_ _22\"> </span>dover <span class=\"_ _25\"> </span>ovviamente <span class=\"_ _22\"> </span>considerare <span class=\"_ _25\"> </span>tali <span class=\"_ _22\"> </span>aspetti <span class=\"_ _22\"> </span><span class=\"ff7\">nell\u2019ambito</span> <span class=\"_ _22\"> </span>della <span class=\"_ _25\"> </span>propria attivit\u00e0 <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>investimento. <span class=\"_ _24\"></span><span class=\"ls11\">Le<span class=\"ls0\"> <span class=\"_ _23\"></span>societ\u00e0 <span class=\"_ _23\"></span>partecipate <span class=\"_ _24\"></span>hanno <span class=\"_ _24\"></span>a <span class=\"_ _23\"></span>loro <span class=\"_ _24\"></span>volta <span class=\"_ _23\"></span>svolto <span class=\"_ _24\"></span><span class=\"ls8\">le<span class=\"ls0\"> <span class=\"_ _23\"></span>prime <span class=\"_ _24\"></span>valutazi<span class=\"_ _2\"></span>oni <span class=\"_ _24\"></span>rispetto </span></span></span></span>ai<span class=\"ls0\"> <span class=\"_ _29\"></span>potenziali<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>rischi, <span class=\"_ _28\"></span>fisici <span class=\"_ _28\"></span>e <span class=\"_ _29\"></span>transizionali,<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>derivanti <span class=\"_ _28\"></span>dai <span class=\"_ _29\"></span>ca<span class=\"_ _2\"></span>mbiamenti <span class=\"_ _29\"></span>climatici.<span class=\"_ _2\"></span> <span class=\"_ _29\"></span><span class=\"ls4f\">Le<span class=\"_ _2\"></span></span> <span class=\"_ _28\"></span>prime <span class=\"_ _29\"></span>valuta<span class=\"_ _2\"></span>zioni </span>non <span class=\"_ _27\"></span>evidenzi<span class=\"_ _2\"></span>ano <span class=\"_ _27\"></span>pa<span class=\"_ _2\"></span>rticolari <span class=\"_ _27\"></span>criticit\u00e0, <span class=\"_ _22\"> </span>sul <span class=\"_ _22\"> </span>breve <span class=\"_ _27\"></span>termine. <span class=\"_ _22\"> </span>Tuttavia, <span class=\"_ _22\"> </span>tali <span class=\"_ _27\"></span>aspetti <span class=\"_ _22\"> </span>saranno <span class=\"_ _27\"></span>ogg<span class=\"_ _2\"></span>etto <span class=\"_ _27\"></span>di continua <span class=\"_ _25\"> </span>analisi, <span class=\"_ _25\"> </span>con <span class=\"_ _25\"> </span>particolare <span class=\"_ _25\"> </span>riferimento <span class=\"_ _22\"> </span><span class=\"lsa\">ai</span> <span class=\"_ _25\"> </span>rischi <span class=\"_ _25\"> </span>transizionali, <span class=\"_ _25\"> </span>anche <span class=\"_ _25\"> </span>alla <span class=\"_ _25\"> </span>luce <span class=\"_ _25\"> </span>delle <span class=\"_ _25\"> </span>recenti evoluzioni dello scenario internazionale.<span class=\"ff2\"> </span>Gestione del rischio finanziario <span class=\"ff3\"> </span>Per la na<span class=\"_ _2\"></span>tura delle <span class=\"_ _2\"></span>sue attivit\u00e0 <span class=\"_ _2\"></span>il <span class=\"_ _2\"></span>gruppo \u00e8 <span class=\"_ _2\"></span>esposto <span class=\"_ _2\"></span>a diversi <span class=\"_ _2\"></span>tipi di <span class=\"_ _2\"></span>rischio finanzia<span class=\"_ _2\"></span>rio; in particola<span class=\"_ _2\"></span>re al <span class=\"_ _29\"></span>risc<span class=\"_ _2\"></span>hio <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>variazione <span class=\"_ _28\"></span>del <span class=\"_ _29\"></span>valore <span class=\"_ _29\"></span>di <span class=\"_ _28\"></span>mercato <span class=\"_ _28\"></span>delle <span class=\"_ _29\"></span>partecipazioni <span class=\"_ _28\"></span>e, <span class=\"_ _2a\"></span>sebbene <span class=\"_ _29\"></span>in <span class=\"_ _28\"></span>minore <span class=\"_ _29\"></span>mis<span class=\"_ _2\"></span>ura, <span class=\"_ _28\"></span>al rischio <span class=\"_ _29\"></span>di <span class=\"_ _2\"></span>tasso <span class=\"_ _29\"></span>d\u2019interesse. <span class=\"_ _2\"></span>Di <span class=\"_ _2\"></span>seguito <span class=\"_ _29\"></span>si <span class=\"_ _29\"></span>illustrano <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>politiche <span class=\"_ _29\"></span>adottate <span class=\"_ _2\"></span>dal <span class=\"_ _28\"></span><span class=\"ff3\">gruppo <span class=\"_ _2\"></span>per <span class=\"_ _29\"></span>la <span class=\"_ _29\"></span>gestione </span>del rischio finanziario.  Rischio di tasso di interesse <span class=\"ff3\"> </span>Il <span class=\"_ _28\"></span>g<span class=\"ff7\">ruppo <span class=\"_ _28\"></span>\u00e8 <span class=\"_ _2a\"></span>esposto <span class=\"_ _28\"></span>al <span class=\"_ _2a\"></span>rischio <span class=\"_ _28\"></span>di <span class=\"_ _2a\"></span>tasso <span class=\"_ _29\"></span>d\u2019interesse <span class=\"_ _2a\"></span>relativamente <span class=\"_ _28\"></span>al <span class=\"_ _28\"></span>valore <span class=\"_ _2a\"></span>delle <span class=\"_ _28\"></span>attivit\u00e0 <span class=\"_ _28\"></span>finanziarie </span>correnti <span class=\"_ _26\"> </span>rappresentate <span class=\"_ _48\"> </span>da <span class=\"_ _26\"> </span>obbligazi<span class=\"_ _2\"></span>oni <span class=\"_ _26\"> </span>e <span class=\"_ _26\"> </span>crediti <span class=\"_ _26\"> </span>finanz<span class=\"_ _2\"></span>iari. <span class=\"_ _26\"> </span>Data <span class=\"_ _48\"> </span>la <span class=\"_ _26\"> </span>natura <span class=\"_ _48\"> </span>prevalente <span class=\"_ _26\"> </span>di <span class=\"_ _48\"> </span>tali investimenti qu<span class=\"_ _1\"></span>ali impi<span class=\"_ _1\"></span>eghi <span class=\"_ _23\"></span>temporanei<span class=\"_ _2\"></span> <span class=\"_ _1\"></span>di liqu<span class=\"_ _23\"></span>idit\u00e0<span class=\"_ _2\"></span> c<span class=\"_ _23\"></span>he posson<span class=\"_ _2\"></span>o <span class=\"_ _23\"></span>essere velocemente <span class=\"_ _23\"></span>liquidati non <span class=\"_ _23\"></span>si \u00e8 ritenuto necessario adottare specifiche azioni di copertura del rischio. Dal <span class=\"_ _23\"></span>punto <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>vis<span class=\"_ _2\"></span>ta <span class=\"_ _23\"></span>delle <span class=\"_ _1\"></span>fonti <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>finanz<span class=\"_ _2\"></span>iamento <span class=\"_ _23\"></span>il gruppo, <span class=\"_ _24\"></span>ove <span class=\"_ _23\"></span>pos<span class=\"_ _2\"></span>sibile, <span class=\"_ _23\"></span>stipula <span class=\"_ _23\"></span>finanziamenti <span class=\"_ _1\"></span>a <span class=\"_ _23\"></span>tasso fisso <span class=\"_ _27\"></span>con <span class=\"_ _27\"></span>clausole <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>rimborso <span class=\"_ _27\"></span>anticipato <span class=\"_ _27\"></span>volontario <span class=\"_ _2a\"></span>a<span class=\"_ _2\"></span>l <span class=\"_ _27\"></span>fine <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>ridurre <span class=\"_ _27\"></span>l\u2019esposizione <span class=\"_ _2a\"></span>a<span class=\"_ _2\"></span>l <span class=\"_ _27\"></span>rischio <span class=\"_ _27\"></span>di incremento dei tassi di interesse mantenendo l\u2019opportunit\u00e0 di rifinanziarsi a tassi pi\u00f9 favorevoli. <span class=\"ff3\"> </span>Rischio di variazione di valore delle partecipazioni <span class=\"ff3\"> </span>Il <span class=\"_ _19\"> </span>gruppo,  per <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>natura <span class=\"_ _19\"> </span>del<span class=\"_ _2\"></span>le <span class=\"_ _19\"> </span>sue <span class=\"_ _19\"> </span>attivit\u00e0,  \u00e8 <span class=\"_ _19\"> </span>esposto <span class=\"_ _19\"> </span>al <span class=\"_ _19\"> </span>rischio  di<span class=\"_ _23\"></span>  variazi<span class=\"_ _1\"></span>one <span class=\"_ _19\"> </span>del  valore <span class=\"_ _19\"> </span>delle partecipazioni.  Relativamente <span class=\"_ _29\"></span>alle <span class=\"_ _2\"></span>partecipazioni <span class=\"_ _29\"></span>quotate <span class=\"_ _29\"></span>allo <span class=\"_ _2\"></span>stato <span class=\"_ _29\"></span>attuale <span class=\"_ _29\"></span>non <span class=\"_ _2\"></span>es<span class=\"_ _2\"></span>iste <span class=\"_ _2\"></span>uno <span class=\"_ _29\"></span>strumento <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>copertura efficiente <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>un <span class=\"_ _29\"></span>portafoglio qua<span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>quello <span class=\"_ _2\"></span>con <span class=\"_ _2\"></span>le <span class=\"_ _2\"></span>caratteristiche <span class=\"_ _2\"></span>del <span class=\"_ _29\"></span>gruppo. <span class=\"_ _2\"></span>Il <span class=\"_ _29\"></span>gruppo <span class=\"_ _2\"></span>ha <span class=\"_ _2\"></span>comunque acquistato <span class=\"_ _2a\"></span>strumenti <span class=\"_ _2a\"></span>finanziari <span class=\"_ _27\"></span><span class=\"ffb\">short</span> <span class=\"_ _28\"></span>al <span class=\"_ _2a\"></span>fine <span class=\"_ _2a\"></span>di <span class=\"_ _27\"></span>coprirsi <span class=\"_ _2a\"></span>parzialmente <span class=\"_ _2a\"></span>dal <span class=\"_ _27\"></span>rischio <span class=\"_ _28\"></span>di <span class=\"_ _2a\"></span>riduzione <span class=\"_ _2a\"></span>delle quotazioni sul mercato azionario. Relativamente alle societ\u00e0 non quotate, i rischi connessi:  (a) alla valutazione di <span class=\"_ _23\"></span>tali partecipazioni, in considerazione di: <span class=\"_ _23\"></span>(i) assenza in tali societ\u00e0 di <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>istemi di<span class=\"_ _1\"></span> controllo <span class=\"_ _26\"> </span>analoghi <span class=\"_ _26\"> </span>a <span class=\"_ _26\"> </span>quelli <span class=\"_ _26\"> </span>richiesti <span class=\"_ _26\"> </span>per <span class=\"_ _26\"> </span>le <span class=\"_ _21\"> </span>s<span class=\"_ _2\"></span>ociet\u00e0  con <span class=\"_ _48\"> </span>titoli <span class=\"_ _26\"> </span>quotati,  con <span class=\"_ _26\"> </span>la <span class=\"_ _26\"> </span>conseguente indisponibilit\u00e0 <span class=\"_ _23\"></span>di <span class=\"_ _24\"></span>un <span class=\"_ _23\"></span>flusso <span class=\"_ _23\"></span>di <span class=\"_ _23\"></span>informazioni <span class=\"_ _23\"></span>almeno <span class=\"_ _23\"></span>pari, <span class=\"_ _23\"></span>sotto <span class=\"_ _24\"></span>il <span class=\"_ _23\"></span>profilo <span class=\"_ _23\"></span>quantitativo <span class=\"_ _24\"></span>e <span class=\"_ _23\"></span>qualita<span class=\"_ _2\"></span>tivo, a <span class=\"_ _27\"></span>quello <span class=\"_ _27\"></span>disponibile <span class=\"_ _27\"></span>per <span class=\"_ _27\"></span>queste <span class=\"_ _2a\"></span>ultime; <span class=\"_ _22\"> </span>(ii) <span class=\"_ _2a\"></span>difficolt\u00e0 <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>effettuare <span class=\"_ _27\"></span>verifiche <span class=\"_ _27\"></span>indipendenti <span class=\"_ _27\"></span>nelle societ\u00e0 e, quindi, valutare la completezza e l\u2019accuratezza delle informazioni da esse fornite; <span class=\"ff3\"> </span>(b) <span class=\"_ _49\"></span>alla<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>possibilit\u00e0 <span class=\"_ _24\"></span>di <span class=\"_ _24\"></span>influire <span class=\"_ _24\"></span>sulla <span class=\"_ _23\"></span>gestione <span class=\"_ _24\"></span>di <span class=\"_ _24\"></span>tali <span class=\"_ _23\"></span>partecipazioni <span class=\"_ _24\"></span>e <span class=\"_ _24\"></span>di <span class=\"_ _24\"></span>favorirne <span class=\"_ _24\"></span>la<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>crescita, <span class=\"_ _24\"></span>presupposto<span class=\"_ _5d\"> </span>dell\u2019investimento, <span class=\"_ _19\"> </span>basata <span class=\"_ _19\"> </span>sui <span class=\"_ _19\"> </span>rapport<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span><span class=\"ff3\">gruppo <span class=\"_ _19\"> </span>con <span class=\"_ _19\"> </span>il <span class=\"_ _19\"> </span><span class=\"ffb\">management <span class=\"_ _19\"> </span></span></span>e <span class=\"_ _25\"> </span>l\u2019azionariato <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>quindi<span class=\"_ _5d\"> </span>soggetta alla verifica e all\u2019evoluzione di tali rapporti; (c) alla liquidabilit\u00e0 di tali partecipazioni, non negoziabili su un mercato regolamentato; non <span class=\"_ _29\"></span>sono <span class=\"_ _28\"></span>stati <span class=\"_ _29\"></span>cope<span class=\"_ _2\"></span>rti <span class=\"_ _29\"></span>attraverso <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>pecifici <span class=\"_ _29\"></span>strumenti <span class=\"_ _29\"></span>deriva<span class=\"_ _2\"></span>ti <span class=\"_ _29\"></span>in <span class=\"_ _28\"></span>quanto <span class=\"_ _29\"></span>non <span class=\"_ _28\"></span>disponibili. <span class=\"_ _28\"></span>Il <span class=\"_ _2a\"></span>gruppo<span class=\"_ _5d\"> </span>cerca <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>minimizzare <span class=\"_ _29\"></span>il <span class=\"_ _28\"></span>rischio <span class=\"_ _28\"></span><span class=\"ff7\">\u2013</span> <span class=\"_ _29\"></span><span class=\"ff7\">pur <span class=\"_ _28\"></span>nell\u2019ambito <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>un\u2019attivit\u00e0 <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span><span class=\"ffb\">holding <span class=\"_ _28\"></span></span></span>industriale<span class=\"ffb\"> <span class=\"_ _29\"></span></span>e <span class=\"_ _28\"></span>pertanto <span class=\"_ _29\"></span>per<span class=\"_ _5d\"> </span>definizione <span class=\"_ _25\"> </span>a <span class=\"_ _25\"> </span>rischio <span class=\"_ _25\"> </span><span class=\"ff7\">\u2013</span> <span class=\"_ _22\"> </span><span class=\"ff7\">attraverso <span class=\"_ _25\"> </span>un\u2019attenta <span class=\"_ _22\"> </span>a<span class=\"_ _2\"></span>nalisi <span class=\"_ _22\"> </span>della <span class=\"_ _25\"> </span>societ\u00e0 <span class=\"_ _22\"> </span>e <span class=\"_ _25\"> </span>del <span class=\"_ _25\"> </span>settore <span class=\"_ _22\"> </span>di <span class=\"_ _25\"> </span>riferimento <span class=\"_ _25\"> </span>al<span class=\"_ _5d\"> </span></span>momento <span class=\"_ _2a\"></span>del<span class=\"_ _2\"></span>l\u2019ingresso <span class=\"_ _27\"></span>nel <span class=\"_ _27\"></span>capitale, <span class=\"_ _27\"></span>nonch\u00e9 <span class=\"_ _2a\"></span>attraverso <span class=\"_ _27\"></span>un <span class=\"_ _27\"></span>attento <span class=\"_ _2a\"></span>monitorag<span class=\"_ _2\"></span>gio <span class=\"_ _27\"></span>delle <span class=\"_ _27\"></span>evoluzioni<span class=\"_ _5d\"> </span>delle attivit\u00e0 delle societ\u00e0 partecipate anche <span class=\"ff7\">successivamente all\u2019ingresso nel capitale. </span>Di seguito <span class=\"_ _2\"></span>si riporta <span class=\"_ _2\"></span>una <span class=\"_ _2\"></span><span class=\"ffb\">sensitivity analysis</span> che<span class=\"_ _2\"></span> illustra gli <span class=\"_ _2\"></span>effetti determinati s<span class=\"_ _2\"></span>ul patrimonio netto <span class=\"_ _2\"></span>da<span class=\"_ _5d\"> </span>un\u2019ipotetica <span class=\"_ _22\"> </span>variazione <span class=\"_ _25\"> </span>del <span class=\"_ _22\"> </span><span class=\"ffb\">fair <span class=\"_ _22\"> </span>value<span class=\"ff3\"> <span class=\"_ _25\"> </span>degli <span class=\"_ _22\"> </span>strumenti <span class=\"_ _22\"> </span>detenuti <span class=\"_ _22\"> </span>al <span class=\"_ _25\"> </span>31 <span class=\"_ _22\"> </span>dicembre <span class=\"_ _22\"> </span>202<span class=\"_ _2\"></span>5 <span class=\"_ _22\"> </span>del <span class=\"_ _22\"> </span>+/<span class=\"_ _2\"></span>- <span class=\"_ _22\"> </span>5%,<span class=\"_ _5d\"> </span></span></span>confrontata a fini comparativi con i corrispondenti valori del 202<span class=\"_ _2\"></span>4.<span class=\"_ _5d\"> </span>Sensitivity analysis<span class=\"_ _2\"></span> 31 dicembre 2025<span class=\"_ _5d\"> </span>31 dicembre 2024<span class=\"_ _5d\"> </span>migliaia di euro<span class=\"_ _5d\"> </span>-5,00% Base+5,00%-5,00%Base5,00<span class=\"_ _5d\"> </span>Partecipazioni in societ\u00e0 <span class=\"_ _2\"></span>quotate<span class=\"_ _5d\"> </span>229.264241.331253.397354.187372.828391.4<span class=\"_ _5d\"> </span>Partecipazioni in societ\u00e0 <span class=\"_ _2\"></span>non quotate<span class=\"_ _5d\"> </span>497.451523.632549.814381<span class=\"ls0\">.</span>661401.748421<span class=\"ls0\">.</span>8<span class=\"_ _5d\"> </span>Partecipazioni valutate <span class=\"_ _2\"></span>a FVOCI<span class=\"_ _5d\"> </span>726.715764.963803.2117<span class=\"ls36\">35</span>.<span class=\"ls36\">847</span>7<span class=\"ls36\">74</span>.<span class=\"ls36\">576</span>813<span class=\"ls0\">.</span>3<span class=\"_ _5d\"> </span>Effetti sul patrimonio netto<span class=\"_ _5d\"> </span>(3<span class=\"ls0\">8.<span class=\"ls36\">248</span></span><span class=\"ls0\">)<span class=\"_ _5d\"> </span></span>38.<span class=\"ls36\">248</span>(3<span class=\"ls0\">8.<span class=\"ls36\">729</span></span><span class=\"ls0\">)<span class=\"_ _5d\"> </span></span>38.<span class=\"ls36\">7<span class=\"_ _5d\"> </span></span>Rischio di credito L\u2019esposizione <span class=\"_ _27\"></span>del <span class=\"_ _27\"></span><span class=\"ff3\">gruppo <span class=\"_ _27\"></span>al <span class=\"_ _27\"></span>rischio <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>credito <span class=\"_ _27\"></span>dipende <span class=\"_ _27\"></span>dalle <span class=\"_ _27\"></span>caratteristiche <span class=\"_ _2a\"></span>specifiche <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>ciascun<span class=\"_ _5d\"> </span></span>cliente <span class=\"_ _27\"></span>nonch\u00e9 <span class=\"_ _2a\"></span>dalla <span class=\"_ _27\"></span>tipologia <span class=\"_ _2a\"></span>dell\u2019attivit\u00e0 <span class=\"_ _27\"></span>svolta <span class=\"_ _2a\"></span>e <span class=\"_ _2a\"></span>comunque<span class=\"_ _2\"></span> <span class=\"_ _27\"></span>alla <span class=\"_ _2a\"></span>data <span class=\"_ _27\"></span>di <span class=\"_ _2a\"></span>redazione <span class=\"_ _27\"></span>del <span class=\"_ _2a\"></span>presente<span class=\"_ _5d\"> </span>bilancio non \u00e8 ritenuto significativo. Prima <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>assumere <span class=\"_ _23\"></span>un <span class=\"_ _23\"></span>incarico <span class=\"_ _24\"></span>vengono <span class=\"_ _23\"></span>svolte <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span>ccurate <span class=\"_ _24\"></span>ana<span class=\"_ _2\"></span>lisi <span class=\"_ _24\"></span>circa <span class=\"_ _23\"></span>l\u2019affidabilit\u00e0 <span class=\"_ _24\"></span>creditizia <span class=\"_ _23\"></span>del <span class=\"_ _23\"></span>cliente<span class=\"_ _5d\"> </span>attingendo al patrimonio di conoscenze vantato dal gruppo. Rischio di liquidit\u00e0 L\u2019approccio del <span class=\"ff3\">gruppo nella gestione d<span class=\"_ _1\"></span>ella liquidit\u00e0 prevede di <span class=\"_ _1\"></span>garantire, per quanto possibile, ch<span class=\"_ _23\"></span>e<span class=\"_ _5d\"> </span></span>vi siano sempre fondi sufficienti per adempiere alle propr<span class=\"_ _1\"></span>ie obbligazioni alla scadenza. Al <span class=\"_ _28\"></span>31 <span class=\"_ _2a\"></span>dicembre <span class=\"_ _28\"></span>2025 <span class=\"_ _2a\"></span>il <span class=\"_ _28\"></span>gruppo <span class=\"_ _2a\"></span>aveva <span class=\"_ _28\"></span>in <span class=\"_ _2a\"></span>essere <span class=\"_ _28\"></span>linee <span class=\"_ _28\"></span>di <span class=\"_ _2a\"></span>credito <span class=\"_ _2a\"></span>ritenute <span class=\"_ _28\"></span>adeguate <span class=\"_ _28\"></span>per <span class=\"_ _28\"></span>garantire <span class=\"_ _2a\"></span>le<span class=\"_ _5d\"> </span>esigenze <span class=\"_ _18\"> </span>finanziarie <span class=\"_ _8\"> </span>del<span class=\"_ _2\"></span> <span class=\"_ _2c\"> </span>gruppo. <span class=\"_ _2c\"> </span>I <span class=\"_ _18\"> </span>finanziamenti <span class=\"_ _2c\"> </span>a <span class=\"_ _18\"> </span>medio <span class=\"_ _2c\"> </span>lungo <span class=\"_ _18\"> </span>termine, <span class=\"_ _2c\"> </span>inclusi <span class=\"_ _2c\"> </span>i <span class=\"_ _18\"> </span>prestiti<span class=\"_ _5d\"> </span>obbligazionari, vengono generalmente rifinanziati anticipatamente rispetto alle scadenze.  Gestione del capitale<span class=\"_ _5d\"> </span>Le <span class=\"_ _19\"> </span>politiche <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>gestione <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>capital<span class=\"_ _1\"></span>e <span class=\"_ _19\"> </span>da <span class=\"_ _19\"> </span>parte <span class=\"_ _19\"> </span>del <span class=\"_ _25\"> </span>C<span class=\"_ _2\"></span>onsiglio <span class=\"_ _19\"> </span>di <span class=\"_ _19\"> </span>Amministrazione <span class=\"_ _19\"> </span>prevedono <span class=\"_ _19\"> </span>i<span class=\"_ _1\"></span>l<span class=\"_ _5d\"> </span>mantenimento <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>un <span class=\"_ _29\"></span>livello <span class=\"_ _2\"></span>eleva<span class=\"_ _2\"></span>to <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>capitale <span class=\"_ _29\"></span>proprio <span class=\"_ _2\"></span>al <span class=\"_ _2\"></span>fine <span class=\"_ _29\"></span>di <span class=\"_ _2\"></span>mantenere <span class=\"_ _2\"></span>un <span class=\"_ _29\"></span>rapporto <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>fiducia<span class=\"_ _5d\"> </span>con gli investitori tale da consentire lo sviluppo dell\u2019attivit\u00e0<span class=\"ff3 ls8\">. </span>La <span class=\"_ _28\"></span>capogruppo <span class=\"_ _28\"></span>acquista <span class=\"_ _28\"></span>sul <span class=\"_ _28\"></span>mercato <span class=\"_ _28\"></span>azioni <span class=\"_ _28\"></span>proprie <span class=\"_ _28\"></span>con <span class=\"_ _28\"></span>tempistiche <span class=\"_ _28\"></span>che<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>dipendono <span class=\"_ _29\"></span>dai <span class=\"_ _28\"></span>prezzi <span class=\"_ _2a\"></span>di<span class=\"_ _5d\"> </span>mercato e comunque demandando il tutto ad un <span class=\"ffb\">broker</span> esterno.<span class=\"_ _5d\"> </span>Gerarchia delfair value <span class=\"ffa\">secondo l\u2019IFRS 13<span class=\"_ _5d\"> </span></span>La <span class=\"_ _29\"></span>classificazione <span class=\"_ _28\"></span>degli <span class=\"_ _28\"></span>strumenti <span class=\"_ _29\"></span>finanziari <span class=\"_ _28\"></span>al <span class=\"_ _28\"></span><span class=\"ffb\">fair <span class=\"_ _28\"></span>value</span> <span class=\"_ _28\"></span><span class=\"ff7\">prevista <span class=\"_ _28\"></span>dall\u2019IFRS <span class=\"_ _29\"></span>13, <span class=\"_ _29\"></span>dete<span class=\"_ _2\"></span>rminata <span class=\"_ _29\"></span>in <span class=\"_ _28\"></span>base<span class=\"_ _5d\"> </span></span>alla qualit\u00e0 delle fonti degli <span class=\"ffb\">input</span> utilizzati nella valutazione, comporta la seguente gerarchia:<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _54\"> </span></span>livello <span class=\"_ _28\"></span><span class=\"ls8\">1:</span> <span class=\"_ _2a\"></span>determinazione <span class=\"_ _28\"></span>del <span class=\"_ _2a\"></span><span class=\"ffb\">fair <span class=\"_ _2a\"></span>value</span> <span class=\"_ _28\"></span><span class=\"ls8\">in</span> <span class=\"_ _2a\"></span>base <span class=\"_ _28\"></span>a <span class=\"_ _2a\"></span>prezzi <span class=\"_ _2a\"></span>quotati <span class=\"_ _28\"></span>(<span class=\"ffb\">unadjusted<span class=\"_ _2\"></span></span>) <span class=\"_ _28\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>mercati <span class=\"_ _2a\"></span>attivi <span class=\"_ _2a\"></span>per<span class=\"_ _5d\"> </span>identici <span class=\"_ _48\"> </span><span class=\"ffb\">asset <span class=\"_ _8\"> </span></span>o <span class=\"_ _48\"> </span><span class=\"ffb\">liabilities</span>. <span class=\"_ _48\"> </span>Rientrano <span class=\"_ _48\"> </span><span class=\"ls8\">in</span> <span class=\"_ _8\"> </span>questa <span class=\"_ _48\"> </span>categoria <span class=\"_ _48\"> </span>gli <span class=\"_ _48\"> </span>s<span class=\"_ _2\"></span>trumenti <span class=\"_ _48\"> </span>con <span class=\"_ _48\"> </span>cui <span class=\"_ _8\"> </span>TIP <span class=\"_ _48\"> </span>opera<span class=\"_ _5d\"> </span>direttamente <span class=\"_ _28\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>mercati <span class=\"_ _28\"></span>attivi <span class=\"_ _29\"></span>(trattasi<span class=\"_ _2\"></span> <span class=\"_ _29\"></span><span class=\"lsa\">ad</span> <span class=\"_ _28\"></span>esempio <span class=\"_ _28\"></span>delle <span class=\"_ _28\"></span>partecipazioni <span class=\"_ _28\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>societ\u00e0 <span class=\"_ _28\"></span>quotate, <span class=\"_ _28\"></span>titoli<span class=\"_ _5d\"> </span>obbligazionari quotati, ecc);<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _54\"> </span></span>livello <span class=\"ls8\">2:</span> <span class=\"_ _2\"></span>determinazione del<span class=\"_ _2\"></span> <span class=\"ffb\">fa<span class=\"_ _2\"></span>ir value</span> <span class=\"_ _2\"></span><span class=\"ls8\">in</span> <span class=\"_ _2\"></span>base a<span class=\"_ _2\"></span> <span class=\"ffb\">input</span> <span class=\"_ _2\"></span>diversi <span class=\"_ _2\"></span><span class=\"lsf\">da<span class=\"_ _2\"></span></span> <span class=\"_ _2\"></span>prezzi quotati <span class=\"_ _2\"></span>inclusi <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span><span class=\"ff7\">\u201clivello<span class=\"_ _5d\"> </span></span>1\u201d<span class=\"ff3 ls0\"> <span class=\"_ _2\"></span><span class=\"ls10\">ma</span> <span class=\"_ _2\"></span>che<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>sono <span class=\"_ _29\"></span>osservabili <span class=\"_ _2\"></span>direttamente <span class=\"_ _2\"></span>o <span class=\"_ _29\"></span>indirettamente <span class=\"_ _2\"></span>(es.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>trattasi <span class=\"_ _2\"></span><span class=\"lsa\">ad</span> <span class=\"_ _2\"></span>esempio <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>prezz<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>per<span class=\"_ _5d\"> </span></span>transazioni recenti o comparabili);<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _54\"> </span></span>livello <span class=\"lsd\">3:</span> determinazione del <span class=\"ffb\">fair value</span> <span class=\"ls8\">in</span> ba<span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>e a modelli di v<span class=\"_ _1\"></span>alutazione i cui <span class=\"ffb\">input</span> non sono b<span class=\"_ _1\"></span>asati<span class=\"_ _5d\"> </span>su<span class=\"ls0\"> <span class=\"_ _27\"></span>da<span class=\"_ _2\"></span>ti <span class=\"_ _22\"> </span><span class=\"lsf\">di</span> <span class=\"_ _22\"> </span>mercato <span class=\"_ _22\"> </span>osservabili <span class=\"_ _22\"> </span>(<span class=\"ffb\">unobservable <span class=\"_ _22\"> </span>inputs</span><span class=\"lsb\">).</span> <span class=\"_ _27\"></span>Trattas<span class=\"_ _2\"></span>i <span class=\"_ _27\"></span><span class=\"lsa\">ad</span> <span class=\"_ _22\"> </span>esempio <span class=\"_ _22\"> </span>delle <span class=\"_ _22\"> </span>valutazioni <span class=\"_ _22\"> </span>delle<span class=\"_ _5d\"> </span></span>partecipazioni non quotate sulla<span class=\"_ _2\"></span> base di modelli di valutazione basati sui <span class=\"ffb\">Discounted Cash Flow</span>.<span class=\"_ _5d\"> </span>In <span class=\"_ _2\"></span>ottemperanza <span class=\"_ _2\"></span>alle <span class=\"_ _29\"></span>analisi <span class=\"_ _2\"></span>richies<span class=\"_ _2\"></span>te da<span class=\"_ _2\"></span>ll\u2019IFRS <span class=\"_ _2\"></span>13, <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>riportano <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>seguito <span class=\"_ _2\"></span>le <span class=\"_ _29\"></span>tipologie <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>trumenti<span class=\"_ _5d\"> </span>finanziari <span class=\"_ _19\"> </span>presenti <span class=\"_ _25\"> </span>nelle <span class=\"_ _19\"> </span>poste <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>bilancio <span class=\"_ _25\"> </span>al <span class=\"_ _19\"> </span>31 <span class=\"_ _25\"> </span>dicembre <span class=\"_ _19\"> </span>2025 <span class=\"_ _19\"> </span><span class=\"ff7\">con <span class=\"_ _25\"> </span>l\u2019indicazione <span class=\"_ _19\"> </span>dei <span class=\"_ _25\"> </span>criteri <span class=\"_ _19\"> </span>di<span class=\"_ _5d\"> </span></span>valutazione <span class=\"_ _19\"> </span>applicati <span class=\"_ _19\"> </span>e, <span class=\"_ _19\"> </span>nel <span class=\"_ _19\"> </span>caso <span class=\"_ _19\"> </span>di  str<span class=\"_ _1\"></span>umenti <span class=\"_ _19\"> </span>finanziari <span class=\"_ _19\"> </span>valutati <span class=\"_ _19\"> </span>a  <span class=\"ffb\">fair <span class=\"_ _19\"> </span>value<span class=\"ff7\">, <span class=\"_ _19\"> </span>dell\u2019esposizione <span class=\"_ _19\"> </span>a<span class=\"_ _5d\"> </span></span></span>variazioni <span class=\"_ _22\"> </span>del <span class=\"_ _22\"> </span><span class=\"ffb\">fair <span class=\"_ _25\"> </span>value <span class=\"_ _22\"> </span></span>(conto <span class=\"_ _22\"> </span>economico <span class=\"_ _22\"> </span>o <span class=\"_ _22\"> </span>patrimonio <span class=\"_ _22\"> </span>netto), <span class=\"_ _22\"> </span>specificando <span class=\"_ _22\"> </span>inoltre <span class=\"_ _22\"> </span>il <span class=\"_ _22\"> </span>livello <span class=\"_ _22\"> </span>di<span class=\"_ _5d\"> </span>gerarchia di <span class=\"ffb\">fair value</span> attribuito.<span class=\"_ _5d\"> </span>Nell\u2019ultima <span class=\"_ _23\"></span>colonna <span class=\"_ _1\"></span>delle <span class=\"_ _23\"></span>tabelle <span class=\"_ _23\"></span>seguenti <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _23\"></span>riportato, <span class=\"_ _23\"></span>ove <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>pplicabile, <span class=\"_ _23\"></span>il <span class=\"ffb\">fair <span class=\"_ _23\"></span>value<span class=\"ff3\"> <span class=\"_ _23\"></span>a <span class=\"_ _23\"></span>fine <span class=\"_ _1\"></span>periodo <span class=\"_ _23\"></span>dello<span class=\"_ _5d\"> </span></span></span>strumento finanziario.<table class=\"s w2c0 h122\" id=\"_dd997506-9473-4bfd-b522-63653fd20245\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x244 ydf3 wf0 h8d\"><div class=\"t m0 x69 h27 y49f ff2 fsb fc0 sc0 ls0 ws0\">Criteri applicati nel<span class=\"_ _1\"></span>la valutazione <span class=\"_ _1\"></span>in bilancio degli str<span class=\"_ _23\"></span>um<span class=\"_ _2\"></span>enti finanz<span class=\"_ _1\"></span>iari </div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x245 ydf4 wef h8c\"><div class=\"t m0 xac h27 y6d7 ff2 fsb fc0 sc0 ls0 ws0\">Tipologia di strumen<span class=\"_ _23\"></span>to </div></td><td></td><td class=\"c x246 ydf6 w2c1 h123\"><div class=\"t m0 x176 h30 ydf5 ff3 fsb fc0 sc0 ls0 ws0\">con variazione di <span class=\"_ _1\"></span><span class=\"ffb\">fair<span class=\"_ _5d\"> </span></span></div></td><td></td><td></td><td></td><td></td><td class=\"c x244 ydf7 wf1 h90\"><div class=\"t m8 x45 h8f y6de ff2 fs21 fc0 sc0 ls0 ws0\">fair value </div></td><td class=\"c x247 ydf4 wf6 h92\"><div class=\"t m0 x26 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">Gerarchia del <span class=\"ffb\">fair val<span class=\"_ _23\"></span>u<span class=\"_ _2\"></span>e</span><span class=\"ffb\"><span class=\"ff3\"> </span></span></div></td><td></td><td class=\"c x248 ydf9 w2c2 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">Valore<span class=\"_ _5d\"> </span></div></td><td class=\"c x249 ydfb w2c3 h124\"><div class=\"t m8 x176 h8f ydfa ff2 fs21 fc0 sc0 ls0 ws0\">fair<span class=\"_ _5d\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x24a ydfc w2c4 h123\"><div class=\"t m0 x176 h30 ydf5 ffb fsb fc0 sc0 ls0 ws0\">value<span class=\"ff3\"> iscritta a:<span class=\"_ _5d\"> </span></span></div></td><td></td><td></td><td class=\"c x24c ydff w2c5 h125\"><div class=\"t m0 x176 h30 ydfd ff3 fsb fc0 sc0 ls0 ws0\">Parteci<span class=\"_ _5d\"> </span></div><div class=\"t m0 x24b h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">p. </div></td><td></td><td></td><td></td><td></td><td class=\"c x24d ye00 w2c6 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">di<span class=\"_ _5d\"> </span></div></td><td class=\"c x24f ye01 w2c7 h123\"><div class=\"t m8 x176 h8f ydf8 ff2 fs21 fc0 sc0 ls0 ws0\">value<span class=\"_ _5d\"> </span></div><div class=\"t m0 x24e h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">al<span class=\"_ _5d\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x250 ye02 w2c8 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">patrimoni<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td class=\"c x251 ye03 w2c9 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">Totale<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x252 ydff w2ca h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Costo<span class=\"_ _5d\"> </span></div></td><td class=\"c x253 ye04 w2cb h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">bilancio<span class=\"_ _5d\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x244 ye05 wf7 h92\"><div class=\"t m0 x34 h30 y6ec ff3 fsb fc0 sc0 ls0 ws0\">conto </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x254 ye06 w2cc h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">31.12.202<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x187 ye07 w2cd h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">(Valori espres<span class=\"_ _1\"></span>si in euro<span class=\"_ _5d\"> </span></div></td><td></td><td class=\"c x255 ye08 w2ce h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">o<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x256 ye09 w2cf h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">valutate<span class=\"_ _5d\"> </span></div></td><td class=\"c x257 ye0a w2d0 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">fair<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x258 ye09 w2d1 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">amm.to<span class=\"_ _5d\"> </span></div></td><td class=\"c x259 ye0b w2d2 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">al<span class=\"_ _5d\"> </span></div></td><td class=\"c x25a ye0c w2d3 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">5<span class=\"_ _5d\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x25b ye0d wf9 h94\"><div class=\"t m0 x0 h30 y6ed ff3 fsb fc0 sc0 ls0 ws0\">2 </div></td><td></td><td class=\"c x256 ye0e w2d4 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">al costo<span class=\"_ _5d\"> </span></div></td><td class=\"c x25c ye0f w2d5 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">value<span class=\"_ _5d\"> </span></div></td><td class=\"c x247 ye0d wf8 h94\"><div class=\"t m0 x0 h30 y6ed ff3 fsb fc0 sc0 ls0 ws0\">1 </div></td><td class=\"c x25d ye0d wfa h94\"><div class=\"t m0 x0 h30 y6ed ff3 fsb fc0 sc0 ls0 ws0\">3 </div></td><td></td><td class=\"c x25e ye10 w2cc h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">31.12.202<span class=\"_ _5d\"> </span></div></td><td></td></tr><tr><td class=\"c x187 ye11 w2d6 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">migliaia)<span class=\"_ _5d\"> </span></div></td><td></td><td class=\"c x25f ye12 w2d7 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">economic<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x260 ye13 w2d3 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">5<span class=\"_ _5d\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x261 ye0d wf7 h95\"><div class=\"t m0 x3a h30 y6f0 ff3 fsb fc0 sc0 ls0 ws0\">netto </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x262 ye14 w2ce h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">o<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x245 ye15 wfb h92\"><div class=\"t m0 xac h30 y6e5 ff3 fsb fc0 sc0 ls0 ws0\">Partecipazioni valuta<span class=\"_ _23\"></span>t<span class=\"_ _2\"></span>e a </div><div class=\"t m0 xac h30 y2ba ff3 fsb fc0 sc0 ls0 ws0\">FVOCI </div></td><td></td><td class=\"c x261 ye15 wf7 h92\"><div class=\"t m0 x34 h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">764<span class=\"ls0\">.</span>963<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x263 ye15 wfe h92\"><div class=\"t m0 xa8 h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">764<span class=\"ls0\">.</span>963<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x264 ye15 w104 h92\"><div class=\"t m0 x2f h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">764<span class=\"ls0\">.</span>963<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye15 w105 h92\"><div class=\"t m0 x2f h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">764<span class=\"ls0\">.</span>963<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x245 ye16 wfb h96\"><div class=\"t m0 xac h30 y388 ff3 fsb fc0 sc0 ls0 ws0\">- Societ\u00e0 quotate </div></td><td></td><td class=\"c x261 ye16 wf7 h96\"><div class=\"t m0 x34 h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">241<span class=\"ls0\">.</span>331<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x263 ye16 wfe h96\"><div class=\"t m0 xa8 h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">241<span class=\"ls0\">.</span>331<span class=\"ls0\"> </span></div></td><td class=\"c x247 ye16 wff h96\"><div class=\"t m0 x1a h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">241<span class=\"ls0\">.</span>331<span class=\"ls0\"> </span></div></td><td></td><td></td><td class=\"c x264 ye16 w104 h96\"><div class=\"t m0 x2f h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">241<span class=\"ls0\">.</span>331<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye16 w105 h96\"><div class=\"t m0 x2f h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">241<span class=\"ls0\">.</span>331<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x245 ye17 wfb h96\"><div class=\"t m0 xac h30 y388 ff3 fsb fc0 sc0 ls0 ws0\">- Societ\u00e0 non quota<span class=\"_ _23\"></span>t<span class=\"_ _2\"></span>e </div></td><td></td><td class=\"c x261 ye17 wf7 h96\"><div class=\"t m0 x34 h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">523<span class=\"ls0\">.</span>632<span class=\"ls0\"> </span></div></td><td class=\"c x25b ye17 w100 h96\"><div class=\"t m0 x33 h30 y388 ff3 fsb fc0 sc0 ls0 ws0\">2<span class=\"ls20\">75</span>.<span class=\"ls20\">255</span> </div></td><td class=\"c x25d ye17 w101 h96\"><div class=\"t m0 x2f h30 y388 ff3 fsb fc0 sc0 ls0 ws0\">2<span class=\"ls20\">46</span>.<span class=\"ls20\">969</span> </div></td><td class=\"c x266 ye17 w103 h96\"><div class=\"t m0 x3a h30 y388 ff3 fsb fc0 sc0 ls0 ws0\">1.<span class=\"ls20\">408</span> </div></td><td class=\"c x263 ye17 wfe h96\"><div class=\"t m0 xa8 h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">523<span class=\"ls0\">.</span>632<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x264 ye17 w104 h96\"><div class=\"t m0 x2f h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">523<span class=\"ls0\">.</span>632<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye17 w105 h96\"><div class=\"t m0 x2f h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">523<span class=\"ls0\">.</span>632<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 ye18 w28c h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Attivit\u00e0 finanziar<span class=\"_ _1\"></span>ie<span class=\"_ _5d\"> </span></div></td><td class=\"c x267 ye19 wfc h92\"><div class=\"t m0 xa8 h27 y6e9 ff2 fsb fc0 sc0 ls0 ws0\">1 </div></td><td class=\"c x261 ye19 wf7 h92\"><div class=\"t m0 x93 h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">41<span class=\"ls0\">.</span>735<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x263 ye19 wfe h92\"><div class=\"t m0 x2f h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">41<span class=\"ls0\">.</span>735<span class=\"ls0\"> </span></div></td><td class=\"c x247 ye19 wff h92\"><div class=\"t m0 x3a h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">39<span class=\"ls0\">.</span>822<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x268 ye19 w102 h92\"><div class=\"t m0 x23 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">1.913  </div></td><td class=\"c x264 ye19 w104 h92\"><div class=\"t m0 x2a h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">41<span class=\"ls0\">.</span>735<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye19 w105 h92\"><div class=\"t m0 x2a h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">41<span class=\"ls0\">.</span>735<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 ye1a w2d8 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">valutate a FVOCI<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ye1b w2d9 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Crediti finanziari v<span class=\"_ _1\"></span>alutati<span class=\"_ _5d\"> </span></div></td><td class=\"c x267 ye1c wfc h92\"><div class=\"t m0 xa8 h27 y6e9 ff2 fsb fc0 sc0 ls0 ws0\">1 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x268 ye1c w102 h92\"><div class=\"t m0 x32 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">8.<span class=\"ls20\">068</span> </div></td><td class=\"c x264 ye1c w104 h92\"><div class=\"t m0 x23 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">8.<span class=\"ls20\">068</span> </div></td><td class=\"c x265 ye1c w105 h92\"><div class=\"t m0 x23 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">8.<span class=\"ls20\">068</span> </div></td></tr><tr><td class=\"c x187 ye1d w2da h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">al costo ammortizzati<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ye1e w28c h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Attivit\u00e0 finanziar<span class=\"_ _1\"></span>ie<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ye1f w2db h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">valutate a FVTPL<span class=\"_ _1\"></span> (inc.<span class=\"_ _5d\"> </span></div></td><td></td><td class=\"c x244 ye20 wfd h53\"><div class=\"t m0 x32 h30 y6e5 ff3 fsb fc0 sc0 ls20 ws0\">5.496<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x263 ye20 wfe h53\"><div class=\"t m0 x2a h30 y6e5 ff3 fsb fc0 sc0 ls20 ws0\">5.496<span class=\"ls0\"> </span></div></td><td class=\"c x247 ye20 wff h53\"><div class=\"t m0 x0 h30 y6e5 ff3 fsb fc0 sc0 ls0 ws0\">3.<span class=\"ls20\">183</span> </div></td><td></td><td class=\"c x268 ye20 w102 h53\"><div class=\"t m0 x23 h30 y6fa ff3 fsb fc0 sc0 ls0 ws0\">2.312<span class=\"ff1\"> </span><span class=\"ff1\"> </span></div></td><td class=\"c x264 ye20 w104 h53\"><div class=\"t m0 x23 h30 y6e5 ff3 fsb fc0 sc0 ls20 ws0\">5.496<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye20 w105 h53\"><div class=\"t m0 x23 h30 y6e5 ff3 fsb fc0 sc0 ls20 ws0\">5.496<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 ye21 w2dc h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">derivati)<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ye22 w2dd h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Disponibil<span class=\"_ _1\"></span>it\u00e0 liquide e<span class=\"_ _5d\"> </span></div></td><td class=\"c x267 ye23 wfc h92\"><div class=\"t m0 xa8 h27 y6e9 ff2 fsb fc0 sc0 ls0 ws0\">1 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x268 ye23 w102 h92\"><div class=\"t m0 x32 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">4.<span class=\"ls20\">393</span> </div></td><td class=\"c x264 ye23 w104 h92\"><div class=\"t m0 x23 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">4.<span class=\"ls20\">393</span> </div></td><td class=\"c x265 ye23 w105 h92\"><div class=\"t m0 x23 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">4.<span class=\"ls20\">393</span> </div></td></tr><tr><td class=\"c x187 ye24 w2de h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">mezzi equivalenti<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ye25 w2df h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Debiti finanziari<span class=\"_ _1\"></span> non<span class=\"_ _5d\"> </span></div></td><td class=\"c x267 ye26 wfc h97\"><div class=\"t m0 xa8 h27 y6fe ff2 fsb fc0 sc0 ls0 ws0\">1 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x268 ye26 w102 h97\"><div class=\"t m0 x34 h30 y6fe ff3 fsb fc0 sc0 ls20 ws0\">476<span class=\"ls0\">.</span>21<span class=\"ls0\">7</span><span class=\"ls0\"> </span></div></td><td class=\"c x264 ye26 w104 h97\"><div class=\"t m0 x2f h30 y6fe ff3 fsb fc0 sc0 ls20 ws0\">476<span class=\"ls0\">.</span>21<span class=\"ls0\">7</span><span class=\"ls0\"> </span></div></td><td class=\"c x265 ye26 w105 h97\"><div class=\"t m0 x2f h30 y6fe ff3 fsb fc0 sc0 ls20 ws0\">511<span class=\"ls0\">.</span>288<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 ye27 w2e0 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">correnti (inc. leas<span class=\"_ _1\"></span>ing)<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x245 ye28 wfb h96\"><div class=\"t m0 xac h30 y388 ff3 fsb fc0 sc0 ls0 ws0\">Debiti commercia<span class=\"_ _1\"></span>li </div></td><td class=\"c x267 ye28 wfc h96\"><div class=\"t m0 xa8 h27 y388 ff2 fsb fc0 sc0 ls0 ws0\">1 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x268 ye28 w102 h96\"><div class=\"t m0 x2e h30 y702 ff3 fsb fc0 sc0 ls0 ws0\">5<span class=\"ff1 ls3\">06</span> </div></td><td class=\"c x264 ye28 w104 h96\"><div class=\"t m0 x35 h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">506<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye28 w105 h96\"><div class=\"t m0 x35 h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">506<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 ye29 w2e1 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Passivit\u00e0 finanzi<span class=\"_ _1\"></span>arie<span class=\"_ _5d\"> </span></div></td><td class=\"c x267 ye2a wfc h92\"><div class=\"t m0 xa8 h27 y6e9 ff2 fsb fc0 sc0 ls0 ws0\">2 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x268 ye2a w102 h92\"><div class=\"t m0 x92 h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">74<span class=\"ls0\">.</span>904<span class=\"ls0\"> </span></div></td><td class=\"c x264 ye2a w104 h92\"><div class=\"t m0 x2a h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">74<span class=\"ls0\">.</span>904<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye2a w105 h92\"><div class=\"t m0 x2a h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">74<span class=\"ls0\">.</span>904<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 ye2b w2e0 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">correnti (inc. leas<span class=\"_ _1\"></span>ing)<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x245 ye2c wfb h98\"><div class=\"t m0 xac h30 y62d ff3 fsb fc0 sc0 ls0 ws0\">Altre passiv<span class=\"_ _1\"></span>it\u00e0 </div></td><td class=\"c x267 ye2c wfc h98\"><div class=\"t m0 xa8 h27 y62d ff2 fsb fc0 sc0 ls0 ws0\">1 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x268 ye2c w102 h98\"><div class=\"t m0 x92 h30 y62d ff3 fsb fc0 sc0 ls0 ws0\">17.<span class=\"ls20\">505</span> </div></td><td class=\"c x264 ye2c w104 h98\"><div class=\"t m0 x2a h30 y62d ff3 fsb fc0 sc0 ls0 ws0\">17.<span class=\"ls20\">505</span> </div></td><td class=\"c x265 ye2c w105 h98\"><div class=\"t m0 x2a h30 y62d ff3 fsb fc0 sc0 ls0 ws0\">17.<span class=\"ls20\">505</span> </div></td></tr></table>Note<span class=\"_ _5d\"> </span>1. Per tali poste non<span class=\"_ _23\"></span> <span class=\"_ _2\"></span>\u00e8 stato calcola<span class=\"_ _23\"></span>t<span class=\"_ _2\"></span>o il <span class=\"ffb\">fair value</span> in quan<span class=\"_ _1\"></span>to il corris<span class=\"_ _1\"></span>pondente valor<span class=\"_ _1\"></span>e di carico nella sostanza<span class=\"_ _23\"></span> approssima lo stesso.<span class=\"_ _5d\"> </span>2. La posta inclu<span class=\"_ _1\"></span>de un prestito obbl<span class=\"_ _1\"></span>igaziona<span class=\"_ _1\"></span>rio quotato, per il qual<span class=\"_ _1\"></span>e \u00e8 stato dete<span class=\"_ _23\"></span>rminato il valore di <span class=\"ffb\">fair value</span> al 31 dicembre 20<span class=\"_ _1\"></span>25.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-460": {
   "value": "Rischio di credito <span class=\"ff3\"> </span>L\u2019esposizione <span class=\"_ _27\"></span>del <span class=\"_ _27\"></span><span class=\"ff3\">gruppo <span class=\"_ _27\"></span>al <span class=\"_ _27\"></span>rischio <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>credito <span class=\"_ _27\"></span>dipende <span class=\"_ _27\"></span>dalle <span class=\"_ _27\"></span>caratteristiche <span class=\"_ _2a\"></span>specifiche <span class=\"_ _27\"></span>di <span class=\"_ _27\"></span>ciascun<span class=\"_ _5d\"> </span></span><span class=\"ff3\"> </span>cliente <span class=\"_ _27\"></span>nonch\u00e9 <span class=\"_ _2a\"></span>dalla <span class=\"_ _27\"></span>tipologia <span class=\"_ _2a\"></span>dell\u2019attivit\u00e0 <span class=\"_ _27\"></span>svolta <span class=\"_ _2a\"></span>e <span class=\"_ _2a\"></span>comunque<span class=\"_ _2\"></span> <span class=\"_ _27\"></span>alla <span class=\"_ _2a\"></span>data <span class=\"_ _27\"></span>di <span class=\"_ _2a\"></span>redazione <span class=\"_ _27\"></span>del <span class=\"_ _2a\"></span>presente<span class=\"_ _5d\"> </span> bilancio non \u00e8 ritenuto significativo.  Prima <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>assumere <span class=\"_ _23\"></span>un <span class=\"_ _23\"></span>incarico <span class=\"_ _24\"></span>vengono <span class=\"_ _23\"></span>svolte <span class=\"_ _24\"></span>a<span class=\"_ _2\"></span>ccurate <span class=\"_ _24\"></span>ana<span class=\"_ _2\"></span>lisi <span class=\"_ _24\"></span>circa <span class=\"_ _23\"></span>l\u2019affidabilit\u00e0 <span class=\"_ _24\"></span>creditizia <span class=\"_ _23\"></span>del <span class=\"_ _23\"></span>cliente<span class=\"_ _5d\"> </span> attingendo al patrimonio di conoscenze vantato dal gruppo. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-458": {
   "value": "Rischio di liquidit\u00e0 <span class=\"ff3\"> </span>L\u2019approccio del <span class=\"ff3\">gruppo nella gestione d<span class=\"_ _1\"></span>ella liquidit\u00e0 prevede di <span class=\"_ _1\"></span>garantire, per quanto possibile, ch<span class=\"_ _23\"></span>e<span class=\"_ _5d\"> </span></span><span class=\"ff3\"> </span>vi siano sempre fondi sufficienti per adempiere alle propr<span class=\"_ _1\"></span>ie obbligazioni alla scadenza. <span class=\"_ _2\"></span> Al <span class=\"_ _28\"></span>31 <span class=\"_ _2a\"></span>dicembre <span class=\"_ _28\"></span>2025 <span class=\"_ _2a\"></span>il <span class=\"_ _28\"></span>gruppo <span class=\"_ _2a\"></span>aveva <span class=\"_ _28\"></span>in <span class=\"_ _2a\"></span>essere <span class=\"_ _28\"></span>linee <span class=\"_ _28\"></span>di <span class=\"_ _2a\"></span>credito <span class=\"_ _2a\"></span>ritenute <span class=\"_ _28\"></span>adeguate <span class=\"_ _28\"></span>per <span class=\"_ _28\"></span>garantire <span class=\"_ _2a\"></span>le<span class=\"_ _5d\"> </span> esigenze <span class=\"_ _18\"> </span>finanziarie <span class=\"_ _8\"> </span>del<span class=\"_ _2\"></span> <span class=\"_ _2c\"> </span>gruppo. <span class=\"_ _2c\"> </span>I <span class=\"_ _18\"> </span>finanziamenti <span class=\"_ _2c\"> </span>a <span class=\"_ _18\"> </span>medio <span class=\"_ _2c\"> </span>lungo <span class=\"_ _18\"> </span>termine, <span class=\"_ _2c\"> </span>inclusi <span class=\"_ _2c\"> </span>i <span class=\"_ _18\"> </span>prestiti<span class=\"_ _5d\"> </span> obbligazionari, vengono generalmente rifinanziati anticipatamente rispetto alle scadenze.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-459": {
   "value": "Gerarchia delfair value <span class=\"ffa\">secondo l\u2019IFRS 13<span class=\"_ _5d\"> </span></span>La <span class=\"_ _29\"></span>classificazione <span class=\"_ _28\"></span>degli <span class=\"_ _28\"></span>strumenti <span class=\"_ _29\"></span>finanziari <span class=\"_ _28\"></span>al <span class=\"_ _28\"></span><span class=\"ffb\">fair <span class=\"_ _28\"></span>value</span> <span class=\"_ _28\"></span><span class=\"ff7\">prevista <span class=\"_ _28\"></span>dall\u2019IFRS <span class=\"_ _29\"></span>13, <span class=\"_ _29\"></span>dete<span class=\"_ _2\"></span>rminata <span class=\"_ _29\"></span>in <span class=\"_ _28\"></span>base<span class=\"_ _5d\"> </span></span>alla qualit\u00e0 delle fonti degli <span class=\"ffb\">input</span> utilizzati nella valutazione, comporta la seguente gerarchia:<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _54\"> </span></span>livello <span class=\"_ _28\"></span><span class=\"ls8\">1:</span> <span class=\"_ _2a\"></span>determinazione <span class=\"_ _28\"></span>del <span class=\"_ _2a\"></span><span class=\"ffb\">fair <span class=\"_ _2a\"></span>value</span> <span class=\"_ _28\"></span><span class=\"ls8\">in</span> <span class=\"_ _2a\"></span>base <span class=\"_ _28\"></span>a <span class=\"_ _2a\"></span>prezzi <span class=\"_ _2a\"></span>quotati <span class=\"_ _28\"></span>(<span class=\"ffb\">unadjusted<span class=\"_ _2\"></span></span>) <span class=\"_ _28\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>mercati <span class=\"_ _2a\"></span>attivi <span class=\"_ _2a\"></span>per<span class=\"_ _5d\"> </span>identici <span class=\"_ _48\"> </span><span class=\"ffb\">asset <span class=\"_ _8\"> </span></span>o <span class=\"_ _48\"> </span><span class=\"ffb\">liabilities</span>. <span class=\"_ _48\"> </span>Rientrano <span class=\"_ _48\"> </span><span class=\"ls8\">in</span> <span class=\"_ _8\"> </span>questa <span class=\"_ _48\"> </span>categoria <span class=\"_ _48\"> </span>gli <span class=\"_ _48\"> </span>s<span class=\"_ _2\"></span>trumenti <span class=\"_ _48\"> </span>con <span class=\"_ _48\"> </span>cui <span class=\"_ _8\"> </span>TIP <span class=\"_ _48\"> </span>opera<span class=\"_ _5d\"> </span>direttamente <span class=\"_ _28\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>mercati <span class=\"_ _28\"></span>attivi <span class=\"_ _29\"></span>(trattasi<span class=\"_ _2\"></span> <span class=\"_ _29\"></span><span class=\"lsa\">ad</span> <span class=\"_ _28\"></span>esempio <span class=\"_ _28\"></span>delle <span class=\"_ _28\"></span>partecipazioni <span class=\"_ _28\"></span><span class=\"ls8\">in</span> <span class=\"_ _28\"></span>societ\u00e0 <span class=\"_ _28\"></span>quotate, <span class=\"_ _28\"></span>titoli<span class=\"_ _5d\"> </span>obbligazionari quotati, ecc);<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _54\"> </span></span>livello <span class=\"ls8\">2:</span> <span class=\"_ _2\"></span>determinazione del<span class=\"_ _2\"></span> <span class=\"ffb\">fa<span class=\"_ _2\"></span>ir value</span> <span class=\"_ _2\"></span><span class=\"ls8\">in</span> <span class=\"_ _2\"></span>base a<span class=\"_ _2\"></span> <span class=\"ffb\">input</span> <span class=\"_ _2\"></span>diversi <span class=\"_ _2\"></span><span class=\"lsf\">da<span class=\"_ _2\"></span></span> <span class=\"_ _2\"></span>prezzi quotati <span class=\"_ _2\"></span>inclusi <span class=\"_ _2\"></span>nel <span class=\"_ _2\"></span><span class=\"ff7\">\u201clivello<span class=\"_ _5d\"> </span></span>1\u201d<span class=\"ff3 ls0\"> <span class=\"_ _2\"></span><span class=\"ls10\">ma</span> <span class=\"_ _2\"></span>che<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>sono <span class=\"_ _29\"></span>osservabili <span class=\"_ _2\"></span>direttamente <span class=\"_ _2\"></span>o <span class=\"_ _29\"></span>indirettamente <span class=\"_ _2\"></span>(es.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>trattasi <span class=\"_ _2\"></span><span class=\"lsa\">ad</span> <span class=\"_ _2\"></span>esempio <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>prezz<span class=\"_ _2\"></span>i <span class=\"_ _2\"></span>per<span class=\"_ _5d\"> </span></span>transazioni recenti o comparabili);<span class=\"_ _5d\"> </span>-<span class=\"ff6\"> <span class=\"_ _54\"> </span></span>livello <span class=\"lsd\">3:</span> determinazione del <span class=\"ffb\">fair value</span> <span class=\"ls8\">in</span> ba<span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>e a modelli di v<span class=\"_ _1\"></span>alutazione i cui <span class=\"ffb\">input</span> non sono b<span class=\"_ _1\"></span>asati<span class=\"_ _5d\"> </span>su<span class=\"ls0\"> <span class=\"_ _27\"></span>da<span class=\"_ _2\"></span>ti <span class=\"_ _22\"> </span><span class=\"lsf\">di</span> <span class=\"_ _22\"> </span>mercato <span class=\"_ _22\"> </span>osservabili <span class=\"_ _22\"> </span>(<span class=\"ffb\">unobservable <span class=\"_ _22\"> </span>inputs</span><span class=\"lsb\">).</span> <span class=\"_ _27\"></span>Trattas<span class=\"_ _2\"></span>i <span class=\"_ _27\"></span><span class=\"lsa\">ad</span> <span class=\"_ _22\"> </span>esempio <span class=\"_ _22\"> </span>delle <span class=\"_ _22\"> </span>valutazioni <span class=\"_ _22\"> </span>delle<span class=\"_ _5d\"> </span></span>partecipazioni non quotate sulla<span class=\"_ _2\"></span> base di modelli di valutazione basati sui <span class=\"ffb\">Discounted Cash Flow</span>.<span class=\"_ _5d\"> </span>In <span class=\"_ _2\"></span>ottemperanza <span class=\"_ _2\"></span>alle <span class=\"_ _29\"></span>analisi <span class=\"_ _2\"></span>richies<span class=\"_ _2\"></span>te da<span class=\"_ _2\"></span>ll\u2019IFRS <span class=\"_ _2\"></span>13, <span class=\"_ _2\"></span>si <span class=\"_ _2\"></span>riportano <span class=\"_ _2\"></span>di <span class=\"_ _29\"></span>seguito <span class=\"_ _2\"></span>le <span class=\"_ _29\"></span>tipologie <span class=\"_ _2\"></span>di <span class=\"_ _2\"></span>s<span class=\"_ _2\"></span>trumenti<span class=\"_ _5d\"> </span>finanziari <span class=\"_ _19\"> </span>presenti <span class=\"_ _25\"> </span>nelle <span class=\"_ _19\"> </span>poste <span class=\"_ _25\"> </span>di <span class=\"_ _19\"> </span>bilancio <span class=\"_ _25\"> </span>al <span class=\"_ _19\"> </span>31 <span class=\"_ _25\"> </span>dicembre <span class=\"_ _19\"> </span>2025 <span class=\"_ _19\"> </span><span class=\"ff7\">con <span class=\"_ _25\"> </span>l\u2019indicazione <span class=\"_ _19\"> </span>dei <span class=\"_ _25\"> </span>criteri <span class=\"_ _19\"> </span>di<span class=\"_ _5d\"> </span></span>valutazione <span class=\"_ _19\"> </span>applicati <span class=\"_ _19\"> </span>e, <span class=\"_ _19\"> </span>nel <span class=\"_ _19\"> </span>caso <span class=\"_ _19\"> </span>di  str<span class=\"_ _1\"></span>umenti <span class=\"_ _19\"> </span>finanziari <span class=\"_ _19\"> </span>valutati <span class=\"_ _19\"> </span>a  <span class=\"ffb\">fair <span class=\"_ _19\"> </span>value<span class=\"ff7\">, <span class=\"_ _19\"> </span>dell\u2019esposizione <span class=\"_ _19\"> </span>a<span class=\"_ _5d\"> </span></span></span>variazioni <span class=\"_ _22\"> </span>del <span class=\"_ _22\"> </span><span class=\"ffb\">fair <span class=\"_ _25\"> </span>value <span class=\"_ _22\"> </span></span>(conto <span class=\"_ _22\"> </span>economico <span class=\"_ _22\"> </span>o <span class=\"_ _22\"> </span>patrimonio <span class=\"_ _22\"> </span>netto), <span class=\"_ _22\"> </span>specificando <span class=\"_ _22\"> </span>inoltre <span class=\"_ _22\"> </span>il <span class=\"_ _22\"> </span>livello <span class=\"_ _22\"> </span>di<span class=\"_ _5d\"> </span>gerarchia di <span class=\"ffb\">fair value</span> attribuito.<span class=\"_ _5d\"> </span>Nell\u2019ultima <span class=\"_ _23\"></span>colonna <span class=\"_ _1\"></span>delle <span class=\"_ _23\"></span>tabelle <span class=\"_ _23\"></span>seguenti <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _23\"></span>riportato, <span class=\"_ _23\"></span>ove <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>pplicabile, <span class=\"_ _23\"></span>il <span class=\"ffb\">fair <span class=\"_ _23\"></span>value<span class=\"ff3\"> <span class=\"_ _23\"></span>a <span class=\"_ _23\"></span>fine <span class=\"_ _1\"></span>periodo <span class=\"_ _23\"></span>dello<span class=\"_ _5d\"> </span></span></span>strumento finanziario.<table class=\"s w2c0 h122\" id=\"_dd997506-9473-4bfd-b522-63653fd20245\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x244 ydf3 wf0 h8d\"><div class=\"t m0 x69 h27 y49f ff2 fsb fc0 sc0 ls0 ws0\">Criteri applicati nel<span class=\"_ _1\"></span>la valutazione <span class=\"_ _1\"></span>in bilancio degli str<span class=\"_ _23\"></span>um<span class=\"_ _2\"></span>enti finanz<span class=\"_ _1\"></span>iari </div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x245 ydf4 wef h8c\"><div class=\"t m0 xac h27 y6d7 ff2 fsb fc0 sc0 ls0 ws0\">Tipologia di strumen<span class=\"_ _23\"></span>to </div></td><td></td><td class=\"c x246 ydf6 w2c1 h123\"><div class=\"t m0 x176 h30 ydf5 ff3 fsb fc0 sc0 ls0 ws0\">con variazione di <span class=\"_ _1\"></span><span class=\"ffb\">fair<span class=\"_ _5d\"> </span></span></div></td><td></td><td></td><td></td><td></td><td class=\"c x244 ydf7 wf1 h90\"><div class=\"t m8 x45 h8f y6de ff2 fs21 fc0 sc0 ls0 ws0\">fair value </div></td><td class=\"c x247 ydf4 wf6 h92\"><div class=\"t m0 x26 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">Gerarchia del <span class=\"ffb\">fair val<span class=\"_ _23\"></span>u<span class=\"_ _2\"></span>e</span><span class=\"ffb\"><span class=\"ff3\"> </span></span></div></td><td></td><td class=\"c x248 ydf9 w2c2 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">Valore<span class=\"_ _5d\"> </span></div></td><td class=\"c x249 ydfb w2c3 h124\"><div class=\"t m8 x176 h8f ydfa ff2 fs21 fc0 sc0 ls0 ws0\">fair<span class=\"_ _5d\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x24a ydfc w2c4 h123\"><div class=\"t m0 x176 h30 ydf5 ffb fsb fc0 sc0 ls0 ws0\">value<span class=\"ff3\"> iscritta a:<span class=\"_ _5d\"> </span></span></div></td><td></td><td></td><td class=\"c x24c ydff w2c5 h125\"><div class=\"t m0 x176 h30 ydfd ff3 fsb fc0 sc0 ls0 ws0\">Parteci<span class=\"_ _5d\"> </span></div><div class=\"t m0 x24b h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">p. </div></td><td></td><td></td><td></td><td></td><td class=\"c x24d ye00 w2c6 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">di<span class=\"_ _5d\"> </span></div></td><td class=\"c x24f ye01 w2c7 h123\"><div class=\"t m8 x176 h8f ydf8 ff2 fs21 fc0 sc0 ls0 ws0\">value<span class=\"_ _5d\"> </span></div><div class=\"t m0 x24e h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">al<span class=\"_ _5d\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x250 ye02 w2c8 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">patrimoni<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td class=\"c x251 ye03 w2c9 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">Totale<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x252 ydff w2ca h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Costo<span class=\"_ _5d\"> </span></div></td><td class=\"c x253 ye04 w2cb h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">bilancio<span class=\"_ _5d\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x244 ye05 wf7 h92\"><div class=\"t m0 x34 h30 y6ec ff3 fsb fc0 sc0 ls0 ws0\">conto </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x254 ye06 w2cc h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">31.12.202<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x187 ye07 w2cd h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">(Valori espres<span class=\"_ _1\"></span>si in euro<span class=\"_ _5d\"> </span></div></td><td></td><td class=\"c x255 ye08 w2ce h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">o<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x256 ye09 w2cf h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">valutate<span class=\"_ _5d\"> </span></div></td><td class=\"c x257 ye0a w2d0 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">fair<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td class=\"c x258 ye09 w2d1 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">amm.to<span class=\"_ _5d\"> </span></div></td><td class=\"c x259 ye0b w2d2 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">al<span class=\"_ _5d\"> </span></div></td><td class=\"c x25a ye0c w2d3 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">5<span class=\"_ _5d\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x25b ye0d wf9 h94\"><div class=\"t m0 x0 h30 y6ed ff3 fsb fc0 sc0 ls0 ws0\">2 </div></td><td></td><td class=\"c x256 ye0e w2d4 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">al costo<span class=\"_ _5d\"> </span></div></td><td class=\"c x25c ye0f w2d5 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">value<span class=\"_ _5d\"> </span></div></td><td class=\"c x247 ye0d wf8 h94\"><div class=\"t m0 x0 h30 y6ed ff3 fsb fc0 sc0 ls0 ws0\">1 </div></td><td class=\"c x25d ye0d wfa h94\"><div class=\"t m0 x0 h30 y6ed ff3 fsb fc0 sc0 ls0 ws0\">3 </div></td><td></td><td class=\"c x25e ye10 w2cc h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">31.12.202<span class=\"_ _5d\"> </span></div></td><td></td></tr><tr><td class=\"c x187 ye11 w2d6 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">migliaia)<span class=\"_ _5d\"> </span></div></td><td></td><td class=\"c x25f ye12 w2d7 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">economic<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x260 ye13 w2d3 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">5<span class=\"_ _5d\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x261 ye0d wf7 h95\"><div class=\"t m0 x3a h30 y6f0 ff3 fsb fc0 sc0 ls0 ws0\">netto </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x262 ye14 w2ce h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">o<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x245 ye15 wfb h92\"><div class=\"t m0 xac h30 y6e5 ff3 fsb fc0 sc0 ls0 ws0\">Partecipazioni valuta<span class=\"_ _23\"></span>t<span class=\"_ _2\"></span>e a </div><div class=\"t m0 xac h30 y2ba ff3 fsb fc0 sc0 ls0 ws0\">FVOCI </div></td><td></td><td class=\"c x261 ye15 wf7 h92\"><div class=\"t m0 x34 h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">764<span class=\"ls0\">.</span>963<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x263 ye15 wfe h92\"><div class=\"t m0 xa8 h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">764<span class=\"ls0\">.</span>963<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x264 ye15 w104 h92\"><div class=\"t m0 x2f h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">764<span class=\"ls0\">.</span>963<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye15 w105 h92\"><div class=\"t m0 x2f h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">764<span class=\"ls0\">.</span>963<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x245 ye16 wfb h96\"><div class=\"t m0 xac h30 y388 ff3 fsb fc0 sc0 ls0 ws0\">- Societ\u00e0 quotate </div></td><td></td><td class=\"c x261 ye16 wf7 h96\"><div class=\"t m0 x34 h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">241<span class=\"ls0\">.</span>331<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x263 ye16 wfe h96\"><div class=\"t m0 xa8 h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">241<span class=\"ls0\">.</span>331<span class=\"ls0\"> </span></div></td><td class=\"c x247 ye16 wff h96\"><div class=\"t m0 x1a h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">241<span class=\"ls0\">.</span>331<span class=\"ls0\"> </span></div></td><td></td><td></td><td class=\"c x264 ye16 w104 h96\"><div class=\"t m0 x2f h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">241<span class=\"ls0\">.</span>331<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye16 w105 h96\"><div class=\"t m0 x2f h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">241<span class=\"ls0\">.</span>331<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x245 ye17 wfb h96\"><div class=\"t m0 xac h30 y388 ff3 fsb fc0 sc0 ls0 ws0\">- Societ\u00e0 non quota<span class=\"_ _23\"></span>t<span class=\"_ _2\"></span>e </div></td><td></td><td class=\"c x261 ye17 wf7 h96\"><div class=\"t m0 x34 h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">523<span class=\"ls0\">.</span>632<span class=\"ls0\"> </span></div></td><td class=\"c x25b ye17 w100 h96\"><div class=\"t m0 x33 h30 y388 ff3 fsb fc0 sc0 ls0 ws0\">2<span class=\"ls20\">75</span>.<span class=\"ls20\">255</span> </div></td><td class=\"c x25d ye17 w101 h96\"><div class=\"t m0 x2f h30 y388 ff3 fsb fc0 sc0 ls0 ws0\">2<span class=\"ls20\">46</span>.<span class=\"ls20\">969</span> </div></td><td class=\"c x266 ye17 w103 h96\"><div class=\"t m0 x3a h30 y388 ff3 fsb fc0 sc0 ls0 ws0\">1.<span class=\"ls20\">408</span> </div></td><td class=\"c x263 ye17 wfe h96\"><div class=\"t m0 xa8 h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">523<span class=\"ls0\">.</span>632<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x264 ye17 w104 h96\"><div class=\"t m0 x2f h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">523<span class=\"ls0\">.</span>632<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye17 w105 h96\"><div class=\"t m0 x2f h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">523<span class=\"ls0\">.</span>632<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 ye18 w28c h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Attivit\u00e0 finanziar<span class=\"_ _1\"></span>ie<span class=\"_ _5d\"> </span></div></td><td class=\"c x267 ye19 wfc h92\"><div class=\"t m0 xa8 h27 y6e9 ff2 fsb fc0 sc0 ls0 ws0\">1 </div></td><td class=\"c x261 ye19 wf7 h92\"><div class=\"t m0 x93 h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">41<span class=\"ls0\">.</span>735<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x263 ye19 wfe h92\"><div class=\"t m0 x2f h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">41<span class=\"ls0\">.</span>735<span class=\"ls0\"> </span></div></td><td class=\"c x247 ye19 wff h92\"><div class=\"t m0 x3a h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">39<span class=\"ls0\">.</span>822<span class=\"ls0\"> </span></div></td><td></td><td class=\"c x268 ye19 w102 h92\"><div class=\"t m0 x23 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">1.913  </div></td><td class=\"c x264 ye19 w104 h92\"><div class=\"t m0 x2a h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">41<span class=\"ls0\">.</span>735<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye19 w105 h92\"><div class=\"t m0 x2a h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">41<span class=\"ls0\">.</span>735<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 ye1a w2d8 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">valutate a FVOCI<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ye1b w2d9 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Crediti finanziari v<span class=\"_ _1\"></span>alutati<span class=\"_ _5d\"> </span></div></td><td class=\"c x267 ye1c wfc h92\"><div class=\"t m0 xa8 h27 y6e9 ff2 fsb fc0 sc0 ls0 ws0\">1 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x268 ye1c w102 h92\"><div class=\"t m0 x32 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">8.<span class=\"ls20\">068</span> </div></td><td class=\"c x264 ye1c w104 h92\"><div class=\"t m0 x23 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">8.<span class=\"ls20\">068</span> </div></td><td class=\"c x265 ye1c w105 h92\"><div class=\"t m0 x23 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">8.<span class=\"ls20\">068</span> </div></td></tr><tr><td class=\"c x187 ye1d w2da h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">al costo ammortizzati<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ye1e w28c h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Attivit\u00e0 finanziar<span class=\"_ _1\"></span>ie<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ye1f w2db h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">valutate a FVTPL<span class=\"_ _1\"></span> (inc.<span class=\"_ _5d\"> </span></div></td><td></td><td class=\"c x244 ye20 wfd h53\"><div class=\"t m0 x32 h30 y6e5 ff3 fsb fc0 sc0 ls20 ws0\">5.496<span class=\"ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x263 ye20 wfe h53\"><div class=\"t m0 x2a h30 y6e5 ff3 fsb fc0 sc0 ls20 ws0\">5.496<span class=\"ls0\"> </span></div></td><td class=\"c x247 ye20 wff h53\"><div class=\"t m0 x0 h30 y6e5 ff3 fsb fc0 sc0 ls0 ws0\">3.<span class=\"ls20\">183</span> </div></td><td></td><td class=\"c x268 ye20 w102 h53\"><div class=\"t m0 x23 h30 y6fa ff3 fsb fc0 sc0 ls0 ws0\">2.312<span class=\"ff1\"> </span><span class=\"ff1\"> </span></div></td><td class=\"c x264 ye20 w104 h53\"><div class=\"t m0 x23 h30 y6e5 ff3 fsb fc0 sc0 ls20 ws0\">5.496<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye20 w105 h53\"><div class=\"t m0 x23 h30 y6e5 ff3 fsb fc0 sc0 ls20 ws0\">5.496<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 ye21 w2dc h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">derivati)<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ye22 w2dd h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Disponibil<span class=\"_ _1\"></span>it\u00e0 liquide e<span class=\"_ _5d\"> </span></div></td><td class=\"c x267 ye23 wfc h92\"><div class=\"t m0 xa8 h27 y6e9 ff2 fsb fc0 sc0 ls0 ws0\">1 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x268 ye23 w102 h92\"><div class=\"t m0 x32 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">4.<span class=\"ls20\">393</span> </div></td><td class=\"c x264 ye23 w104 h92\"><div class=\"t m0 x23 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">4.<span class=\"ls20\">393</span> </div></td><td class=\"c x265 ye23 w105 h92\"><div class=\"t m0 x23 h30 y6e9 ff3 fsb fc0 sc0 ls0 ws0\">4.<span class=\"ls20\">393</span> </div></td></tr><tr><td class=\"c x187 ye24 w2de h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">mezzi equivalenti<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x187 ye25 w2df h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Debiti finanziari<span class=\"_ _1\"></span> non<span class=\"_ _5d\"> </span></div></td><td class=\"c x267 ye26 wfc h97\"><div class=\"t m0 xa8 h27 y6fe ff2 fsb fc0 sc0 ls0 ws0\">1 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x268 ye26 w102 h97\"><div class=\"t m0 x34 h30 y6fe ff3 fsb fc0 sc0 ls20 ws0\">476<span class=\"ls0\">.</span>21<span class=\"ls0\">7</span><span class=\"ls0\"> </span></div></td><td class=\"c x264 ye26 w104 h97\"><div class=\"t m0 x2f h30 y6fe ff3 fsb fc0 sc0 ls20 ws0\">476<span class=\"ls0\">.</span>21<span class=\"ls0\">7</span><span class=\"ls0\"> </span></div></td><td class=\"c x265 ye26 w105 h97\"><div class=\"t m0 x2f h30 y6fe ff3 fsb fc0 sc0 ls20 ws0\">511<span class=\"ls0\">.</span>288<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 ye27 w2e0 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">correnti (inc. leas<span class=\"_ _1\"></span>ing)<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x245 ye28 wfb h96\"><div class=\"t m0 xac h30 y388 ff3 fsb fc0 sc0 ls0 ws0\">Debiti commercia<span class=\"_ _1\"></span>li </div></td><td class=\"c x267 ye28 wfc h96\"><div class=\"t m0 xa8 h27 y388 ff2 fsb fc0 sc0 ls0 ws0\">1 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x268 ye28 w102 h96\"><div class=\"t m0 x2e h30 y702 ff3 fsb fc0 sc0 ls0 ws0\">5<span class=\"ff1 ls3\">06</span> </div></td><td class=\"c x264 ye28 w104 h96\"><div class=\"t m0 x35 h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">506<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye28 w105 h96\"><div class=\"t m0 x35 h30 y388 ff3 fsb fc0 sc0 ls20 ws0\">506<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 ye29 w2e1 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">Passivit\u00e0 finanzi<span class=\"_ _1\"></span>arie<span class=\"_ _5d\"> </span></div></td><td class=\"c x267 ye2a wfc h92\"><div class=\"t m0 xa8 h27 y6e9 ff2 fsb fc0 sc0 ls0 ws0\">2 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x268 ye2a w102 h92\"><div class=\"t m0 x92 h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">74<span class=\"ls0\">.</span>904<span class=\"ls0\"> </span></div></td><td class=\"c x264 ye2a w104 h92\"><div class=\"t m0 x2a h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">74<span class=\"ls0\">.</span>904<span class=\"ls0\"> </span></div></td><td class=\"c x265 ye2a w105 h92\"><div class=\"t m0 x2a h30 y6e9 ff3 fsb fc0 sc0 ls20 ws0\">74<span class=\"ls0\">.</span>904<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x187 ye2b w2e0 h123\"><div class=\"t m0 x176 h30 ydfe ff3 fsb fc0 sc0 ls0 ws0\">correnti (inc. leas<span class=\"_ _1\"></span>ing)<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x245 ye2c wfb h98\"><div class=\"t m0 xac h30 y62d ff3 fsb fc0 sc0 ls0 ws0\">Altre passiv<span class=\"_ _1\"></span>it\u00e0 </div></td><td class=\"c x267 ye2c wfc h98\"><div class=\"t m0 xa8 h27 y62d ff2 fsb fc0 sc0 ls0 ws0\">1 </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x268 ye2c w102 h98\"><div class=\"t m0 x92 h30 y62d ff3 fsb fc0 sc0 ls0 ws0\">17.<span class=\"ls20\">505</span> </div></td><td class=\"c x264 ye2c w104 h98\"><div class=\"t m0 x2a h30 y62d ff3 fsb fc0 sc0 ls0 ws0\">17.<span class=\"ls20\">505</span> </div></td><td class=\"c x265 ye2c w105 h98\"><div class=\"t m0 x2a h30 y62d ff3 fsb fc0 sc0 ls0 ws0\">17.<span class=\"ls20\">505</span> </div></td></tr></table>Note<span class=\"_ _5d\"> </span>1. Per tali poste non<span class=\"_ _23\"></span> <span class=\"_ _2\"></span>\u00e8 stato calcola<span class=\"_ _23\"></span>t<span class=\"_ _2\"></span>o il <span class=\"ffb\">fair value</span> in quan<span class=\"_ _1\"></span>to il corris<span class=\"_ _1\"></span>pondente valor<span class=\"_ _1\"></span>e di carico nella sostanza<span class=\"_ _23\"></span> approssima lo stesso.<span class=\"_ _5d\"> </span>2. La posta inclu<span class=\"_ _1\"></span>de un prestito obbl<span class=\"_ _1\"></span>igaziona<span class=\"_ _1\"></span>rio quotato, per il qual<span class=\"_ _1\"></span>e \u00e8 stato dete<span class=\"_ _23\"></span>rminato il valore di <span class=\"ffb\">fair value</span> al 31 dicembre 20<span class=\"_ _1\"></span>25.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-461": {
   "value": "(3<span class=\"ls0\">2) <span class=\"_ _2a\"></span>Partecipazioni <span class=\"_ _2a\"></span>dei <span class=\"_ _27\"></span>componenti <span class=\"_ _28\"></span>degli <span class=\"_ _27\"></span>organi <span class=\"_ _2a\"></span>di <span class=\"_ _2a\"></span>amministrazione <span class=\"_ _2a\"></span>e <span class=\"_ _27\"></span>di <span class=\"_ _2a\"></span>controllo <span class=\"_ _2a\"></span>e <span class=\"_ _27\"></span>dei<span class=\"_ _5d\"> </span></span>direttori generali detenute in societ\u00e0 del gruppo<span class=\"_ _5d\"> </span>L<span class=\"lsa\">a <span class=\"_ _8\"> </span></span>tabella <span class=\"_ _2c\"> </span>che <span class=\"_ _2c\"> </span>segue <span class=\"_ _2c\"> </span>indica <span class=\"_ _8\"> </span>gli <span class=\"_ _2c\"> </span>strumenti <span class=\"_ _2c\"> </span>finanziari <span class=\"_ _8\"> </span>della<span class=\"_ _2\"></span> <span class=\"_ _8\"> </span>capogruppo <span class=\"_ _2c\"> </span>TIP <span class=\"_ _8\"> </span>direttamente <span class=\"_ _2c\"> </span>o<span class=\"_ _5d\"> </span>indirettamente <span class=\"_ _22\"> </span>posseduti <span class=\"_ _22\"> </span>alla <span class=\"_ _22\"> </span>fine <span class=\"_ _22\"> </span>del <span class=\"_ _22\"> </span>periodo, <span class=\"_ _22\"> </span>anche <span class=\"_ _22\"> </span>tramite <span class=\"_ _22\"></span>societ\u00e0 <span class=\"_ _22\"> </span>fiduciarie, <span class=\"_ _27\"></span>comunica<span class=\"_ _2\"></span>te <span class=\"_ _22\"> </span>alla<span class=\"_ _5d\"> </span>Societ\u00e0 <span class=\"_ _2a\"></span>dai <span class=\"_ _27\"></span>membri <span class=\"_ _2a\"></span>del <span class=\"_ _2a\"></span>Consiglio <span class=\"_ _27\"></span>di <span class=\"_ _28\"></span>A<span class=\"_ _2\"></span>mministrazione <span class=\"_ _2a\"></span>e <span class=\"_ _27\"></span>del <span class=\"_ _28\"></span>col<span class=\"_ _2\"></span>legio <span class=\"_ _2a\"></span>sindacale. <span class=\"_ _2a\"></span>La <span class=\"_ _2a\"></span>tabe<span class=\"_ _2\"></span>lla <span class=\"_ _27\"></span>indica,<span class=\"_ _5d\"> </span>inoltre, <span class=\"_ _2a\"></span>gli <span class=\"_ _2a\"></span>strumenti <span class=\"_ _2a\"></span>finanziari <span class=\"_ _2a\"></span>acquis<span class=\"_ _2\"></span>tati, <span class=\"_ _28\"></span>venduti <span class=\"_ _2a\"></span>ed <span class=\"_ _27\"></span>effettivamente <span class=\"_ _28\"></span>pos<span class=\"_ _2\"></span>seduti <span class=\"_ _28\"></span>dai <span class=\"_ _2a\"></span>sogg<span class=\"_ _2\"></span>etti <span class=\"_ _2a\"></span>sopra<span class=\"_ _5d\"> </span>indicati nel corso dell\u2019esercizio 202<span class=\"ff3\">5. </span><table class=\"s w2e5 h127\" id=\"_8931ff85-b6db-4db5-8a29-243b42d9da94\"><tr><td></td><td></td><td class=\"c x1ab ye33 w106 h99\"><div class=\"t m0 x102 h3 y6bd ff2 fs1 fc0 sc0 ls0 ws0\">Membri Consiglio di Amministrazione </div></td><td class=\"c x26e ye34 w2e6 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">n. azioni detenute<span class=\"_ _5d\"> </span></div></td><td></td><td class=\"c x26f ye34 w2e6 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">n. azioni detenute<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x1ab ye35 w107 h53\"><div class=\"t m0 x15 h27 y6e5 ff2 fsb fc0 sc0 ls0 ws0\">Nome e Cognome<span class=\"_ _23\"></span> </div></td><td class=\"c x270 ye35 w66 h53\"><div class=\"t m0 x15 h27 y6e5 ff2 fsb fc0 sc0 ls0 ws0\">Carica </div></td><td class=\"c x271 ye36 w2e7 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">n. azioni<span class=\"_ _5d\"> </span></div></td><td class=\"c x272 ye37 w2e8 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">al 31 dicembre<span class=\"_ _5d\"> </span></div></td><td class=\"c x273 ye36 w2e7 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">n. azioni</div></td><td class=\"c x274 ye37 w2e9 h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">al 31 dicembre<span class=\"_ _5d\"> </span></div></td></tr><tr><td></td><td class=\"c x275 ye38 w2ea h118\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">Presidente e<span class=\"_ _5d\"> </span></div></td><td class=\"c x276 ye39 w2eb h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">acquistate nel 202<span class=\"_ _1\"></span>5<span class=\"_ _5d\"> </span></div></td><td class=\"c x277 ye3a w2ec h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls20 ws0\">202<span class=\"ls0\">4<span class=\"_ _5d\"> </span></span></div></td><td class=\"c x278 ye39 w2ed h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls0 ws0\">cedute nel 20<span class=\"_ _1\"></span>25<span class=\"_ _5d\"> </span></div></td><td class=\"c x279 ye3a w2ec h123\"><div class=\"t m0 x176 h27 ydf8 ff2 fsb fc0 sc0 ls20 ws0\">202<span class=\"ls0\">5<span class=\"_ _5d\"> </span></span></div></td></tr><tr><td class=\"c x1ab ye3b w107 h7d\"><div class=\"t m0 x15 h1d y610 ff3 fs8 fc0 sc0 ls0 ws0\">Giovanni Tamburi<span class=\"_ _5d\"> </span></div><div class=\"t m0 xbd h9a y70e ff3 fs22 fc0 sc0 ls0 ws0\">(1)</div><div class=\"t m0 x81 h1d y610 ff3 fs8 fc0 sc0 ls0 ws0\"> </div></td><td class=\"c x275 ye3c w2ee h118\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">Amministratore<span class=\"_ _5d\"> </span></div></td><td class=\"c x27a ye3b w108 h7d\"><div class=\"t m0 x2c h1d y610 ff3 fs8 fc0 sc0 ls0 ws0\">129.987 </div></td><td class=\"c x27b ye3b w2c h7d\"><div class=\"t m0 x78 h1d y610 ff3 fs8 fc0 sc0 ls0 ws0\">15.455.318 </div></td><td></td><td class=\"c x27c ye3b w10a h7d\"><div class=\"t m0 x2d h1d y610 ff3 fs8 fc0 sc0 ls0 ws0\">15.585.305 </div></td></tr><tr><td></td><td class=\"c x275 ye3d w2ef h118\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">Delegato<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x275 ye3e w2f0 h118\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">Vice Presidente<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ab ye3f w107 h7c\"><div class=\"t m0 x15 h1d y3eb ff3 fs8 fc0 sc0 ls0 ws0\">Alessandra Gritti<span class=\"_ _5d\"> </span></div><div class=\"t m0 x77 h9a y710 ff3 fs22 fc0 sc0 ls0 ws0\">(2)</div><div class=\"t m0 xbd h1d y3eb ff3 fs8 fc0 sc0 ls0 ws0\"> </div></td><td class=\"c x275 ye40 w2f1 h118\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls51 ws0\">e<span class=\"_ _5d\"> </span></div></td><td class=\"c x27a ye3f w108 h7c\"><div class=\"t m0 x6f h1d y3eb ff3 fs8 fc0 sc0 ls0 ws0\">69.993 </div></td><td class=\"c x27b ye3f w2c h7c\"><div class=\"t m0 x82 h1d y3eb ff3 fs8 fc0 sc0 ls0 ws0\">3.247.286 </div></td><td></td><td class=\"c x27c ye3f w10a h7c\"><div class=\"t m0 x88 h1d y3eb ff3 fs8 fc0 sc0 ls0 ws0\">3.317.279 </div></td></tr><tr><td></td><td class=\"c x275 ye41 w2ee h118\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">Amministratore<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x275 ye42 w2ef h118\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">Delegato<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ab ye43 w107 h8b\"><div class=\"t m0 x15 h1d y2e7 ff7 fs8 fc0 sc0 ls0 ws0\">Cesare d\u2019Amico<span class=\"_ _5d\"> </span></div><div class=\"t m0 xb0 h9a y6f4 ff3 fs22 fc0 sc0 ls0 ws0\">(3)</div><div class=\"t m0 x52 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\"> </div></td><td class=\"c x270 ye43 w66 h8b\"><div class=\"t m0 x15 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">Vice Presidente </div></td><td></td><td class=\"c x27b ye43 w2c h8b\"><div class=\"t m0 x78 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">23.880.000 </div></td><td></td><td class=\"c x27c ye43 w10a h8b\"><div class=\"t m0 x2d h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">23.880.000<span class=\"ff1\"> </span></div></td></tr><tr><td></td><td class=\"c x275 ye44 w2ee h118\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">Amministratore<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ab ye45 w107 h1f\"><div class=\"t m0 x15 h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">Claudio Berretti<span class=\"_ _5d\"> </span></div><div class=\"t m0 xb0 h9a y4e3 ff3 fs22 fc0 sc0 ls0 ws0\">(4)</div><div class=\"t m0 x52 h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\"> </div></td><td class=\"c x275 ye46 w2f2 h118\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">e Direttore<span class=\"_ _5d\"> </span></div></td><td class=\"c x27a ye45 w108 h1f\"><div class=\"t m0 x2c h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">164.465 </div></td><td class=\"c x27b ye45 w2c h1f\"><div class=\"t m0 x82 h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">3.465.826<span class=\"ff1\"> </span></div></td><td></td><td class=\"c x27c ye45 w10a h1f\"><div class=\"t m0 x88 h1d yc9 ff3 fs8 fc0 sc0 ls0 ws0\">3.6<span class=\"ls12\">30</span>.<span class=\"ls12\">291</span> </div></td></tr><tr><td></td><td class=\"c x275 ye47 w2f3 h118\"><div class=\"t m0 x176 h1d yd8e ff3 fs8 fc0 sc0 ls0 ws0\">Generale<span class=\"_ _5d\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1ab ye48 w107 h8b\"><div class=\"t m0 x15 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">Isabella Ercole </div></td><td class=\"c x270 ye48 w66 h8b\"><div class=\"t m0 x15 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">Amministratore </div></td><td></td><td class=\"c x27b ye48 w2c h8b\"><div class=\"t m0 x77 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td></td><td class=\"c x27c ye48 w10a h8b\"><div class=\"t m0 xc2 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x1ab ye49 w107 h4b\"><div class=\"t m0 x15 h1d y4e5 ff3 fs8 fc0 sc0 ls0 ws0\">Giuseppe Ferrero </div></td><td class=\"c x270 ye49 w66 h4b\"><div class=\"t m0 x15 h1d y4e5 ff3 fs8 fc0 sc0 ls0 ws0\">Amministratore </div></td><td></td><td class=\"c x27b ye49 w2c h4b\"><div class=\"t m0 x82 h1d y4e5 ff3 fs8 fc0 sc0 ls0 ws0\">3.059.635 </div></td><td class=\"c x27d ye49 w109 h4b\"><div class=\"t m0 x0 h1d y4e5 ff3 fs8 fc0 sc0 ls0 ws0\">3.059.635<span class=\"_ _5d\"> </span></div><div class=\"t m0 x79 h9a y714 ff3 fs22 fc0 sc0 ls0 ws0\">(5)</div><div class=\"t m0 xc1 h1d y4e5 ff3 fs8 fc0 sc0 ls0 ws0\"> </div></td><td class=\"c x27c ye49 w10a h4b\"><div class=\"t m0 xc2 h1d y4e5 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x1ab ye4a w107 h8b\"><div class=\"t m0 x15 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">Manuela Mezzetti </div></td><td class=\"c x270 ye4a w66 h8b\"><div class=\"t m0 x15 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">Amministratore </div></td><td></td><td class=\"c x27b ye4a w2c h8b\"><div class=\"t m0 x77 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td></td><td class=\"c x27c ye4a w10a h8b\"><div class=\"t m0 xc2 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x1ab ye4b w107 h8b\"><div class=\"t m0 x15 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">Daniela Palestra </div></td><td class=\"c x270 ye4b w66 h8b\"><div class=\"t m0 x15 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">Amministratore </div></td><td></td><td class=\"c x27b ye4b w2c h8b\"><div class=\"t m0 x77 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td><td></td><td class=\"c x27c ye4b w10a h8b\"><div class=\"t m0 xc2 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">0 </div></td></tr><tr><td class=\"c x1ab ye4c w107 h8b\"><div class=\"t m0 x15 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">Paul Schapira </div></td><td class=\"c x270 ye4c w66 h8b\"><div class=\"t m0 x15 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">Amministratore </div></td><td class=\"c x27a ye4c w108 h8b\"><div class=\"t m0 x79 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">5.000 </div></td><td class=\"c x27b ye4c w2c h8b\"><div class=\"t m0 x6f h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">45.015 </div></td><td></td><td class=\"c x27c ye4c w10a h8b\"><div class=\"t m0 x18 h1d y2e7 ff3 fs8 fc0 sc0 ls0 ws0\">50.015 </div></td></tr><tr><td class=\"c x1ab ye4d w107 h9b\"><div class=\"t m0 x15 h1d y718 ff3 fs8 fc0 sc0 ls0 ws0\">Sergio Marullo di Condojanni </div><div class=\"t m0 x105 h9a y719 ff3 fs22 fc0 sc0 ls0 ws0\">(6)</div><div class=\"t m0 x106 h1d y718 ff3 fs8 fc0 sc0 ls0 ws0\"> </div></td><td class=\"c x270 ye4d w66 h9b\"><div class=\"t m0 x15 h1d y718 ff3 fs8 fc0 sc0 ls0 ws0\">Amministratore </div></td><td></td><td class=\"c x27b ye4d w2c h9b\"><div class=\"t m0 x78 h1d y718 ff3 fs8 fc0 sc0 ls0 ws0\">19.537.137 </div></td><td></td><td class=\"c x27c ye4d w10a h9b\"><div class=\"t m0 x2d h1d y718 ff3 fs8 fc0 sc0 ls0 ws0\">19.537.137<span class=\"ff1\"> </span></div></td></tr></table>(1)<span class=\"ff6\"> <span class=\"_ _54\"> </span></span>Giovanni <span class=\"_ _2\"></span>Tamburi <span class=\"_ _2\"></span>detiene <span class=\"_ _29\"></span><span class=\"ls22\">la</span> <span class=\"_ _29\"></span>sua <span class=\"_ _2\"></span>partecipazione <span class=\"_ _2\"></span><span class=\"ls16\">al</span> <span class=\"_ _29\"></span>capitale <span class=\"_ _2\"></span>sociale <span class=\"_ _2\"></span><span class=\"ls3\">di</span> <span class=\"_ _2\"></span>TIP <span class=\"_ _29\"></span><span class=\"ls22\">in</span> <span class=\"_ _2\"></span>parte <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>irettamente<span class=\"_ _1\"></span> <span class=\"_ _2\"></span><span class=\"ls52\">ed</span> <span class=\"_ _29\"></span><span class=\"ls22\">in</span> <span class=\"_ _29\"></span>parte <span class=\"_ _2\"></span>indirettamente <span class=\"_ _2\"></span>tramite <span class=\"_ _2\"></span>Lippiuno<span class=\"_ _5d\"> </span>S.r.l., <span class=\"_ _29\"></span>societ\u00e0 <span class=\"_ _2\"></span>della <span class=\"_ _2\"></span>quale <span class=\"_ _29\"></span>detiene <span class=\"_ _2\"></span>una <span class=\"_ _29\"></span>quota <span class=\"_ _2\"></span>dell'87,26% <span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>el <span class=\"_ _2\"></span>capitale. <span class=\"_ _29\"></span>Inoltre <span class=\"_ _2\"></span>Giovanni <span class=\"_ _2\"></span>Tamburi <span class=\"_ _29\"></span>\u00e8 <span class=\"_ _29\"></span>coniugato <span class=\"_ _2\"></span>con <span class=\"_ _29\"></span>l'amministratore <span class=\"_ _2\"></span>Alessandra<span class=\"_ _5d\"> </span>Gritti che a sua vol<span class=\"_ _1\"></span>ta detiene azioni <span class=\"_ _1\"></span><span class=\"ls3\">di<span class=\"ls0\"> TIP nel<span class=\"_ _1\"></span> numero indica<span class=\"_ _1\"></span>to nella sovras<span class=\"_ _1\"></span>tante tabella.<span class=\"_ _5d\"> </span></span></span>(2)<span class=\"ff6\"> <span class=\"_ _54\"> </span></span>Alessandra Gri<span class=\"_ _1\"></span>tti \u00e8 <span class=\"_ _23\"></span>coniugata con <span class=\"_ _1\"></span>l'amminis<span class=\"_ _1\"></span>tratore Giov<span class=\"_ _23\"></span>anni Tamburi che <span class=\"_ _23\"></span>a sua vol<span class=\"_ _1\"></span>ta detiene,<span class=\"_ _23\"></span> direttamente e <span class=\"_ _23\"></span>tramite soci<span class=\"_ _1\"></span>et\u00e0 control<span class=\"_ _1\"></span>lata, azion<span class=\"_ _1\"></span>i<span class=\"_ _5d\"> </span>di<span class=\"ls0\"> TIP nel n<span class=\"_ _1\"></span>umero indicato nell<span class=\"_ _1\"></span>a tabella.<span class=\"_ _5d\"> </span></span>(3)<span class=\"ff6\"> <span class=\"_ _54\"> </span></span>Cesare <span class=\"ff7\">d\u2019Amico</span> detiene compl<span class=\"_ _1\"></span>essivame<span class=\"_ _23\"></span>nt<span class=\"_ _2\"></span>e <span class=\"ls53\">n.</span> <span class=\"ls20\">23.70</span>0.000 azioni <span class=\"ls3\">di</span> TIP <span class=\"ls22\">in</span> parte<span class=\"_ _1\"></span> direttamente, <span class=\"ls22\">in</span> parte tra<span class=\"_ _1\"></span>mite d'Amico Soci<span class=\"_ _1\"></span>et\u00e0 <span class=\"ls3\">di</span> Navigazion<span class=\"_ _1\"></span>e<span class=\"_ _5d\"> </span>S.p.A. <span class=\"_ _29\"></span>(societ\u00e0 <span class=\"_ _29\"></span>d<span class=\"_ _2\"></span>ella <span class=\"_ _29\"></span>quale <span class=\"_ _29\"></span>det<span class=\"_ _2\"></span>iene <span class=\"_ _29\"></span>direttamente <span class=\"_ _29\"></span><span class=\"ls54\">ed<span class=\"_ _2\"></span></span> <span class=\"_ _29\"></span>indirettamente <span class=\"_ _29\"></span>una <span class=\"_ _28\"></span>quota <span class=\"_ _29\"></span>del <span class=\"_ _28\"></span><span class=\"ls20\">50%</span> <span class=\"_ _28\"></span>del <span class=\"_ _28\"></span>capitale) <span class=\"_ _29\"></span>e <span class=\"_ _29\"></span>tramite <span class=\"_ _28\"></span><span class=\"ls22\">la</span> <span class=\"_ _28\"></span>societ\u00e0 <span class=\"_ _29\"></span>Fi.Pa. <span class=\"_ _28\"></span>Finanziaria <span class=\"_ _29\"></span><span class=\"ls3\">di<span class=\"_ _5d\"> </span></span>Partecipazione <span class=\"_ _23\"></span>S.p.A. <span class=\"_ _1\"></span><span class=\"ls55\">(s<span class=\"ls0\">ocie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>della <span class=\"_ _23\"></span>quale <span class=\"_ _23\"></span>d<span class=\"_ _2\"></span>etiene <span class=\"_ _23\"></span>direttamente <span class=\"_ _1\"></span>una <span class=\"_ _23\"></span>quota del<span class=\"_ _1\"></span> <span class=\"ls20\">54%</span> <span class=\"_ _23\"></span>del capi<span class=\"_ _23\"></span>tale). Ulteriori<span class=\"_ _1\"></span> <span class=\"ls53\">n.</span> <span class=\"_ _23\"></span>180.000 <span class=\"_ _23\"></span>azioni <span class=\"_ _1\"></span><span class=\"ls3\">di<span class=\"ls0\"> <span class=\"_ _23\"></span>TIP son<span class=\"_ _1\"></span>o <span class=\"_ _23\"></span>d<span class=\"_ _2\"></span>etenute<span class=\"_ _5d\"> </span></span></span></span></span>dal coniuge dell'ammini<span class=\"_ _1\"></span>stratore Cesare <span class=\"_ _1\"></span>d'Amico.<span class=\"_ _5d\"> </span>(4)<span class=\"ff6\"> <span class=\"_ _54\"> </span></span>Claudio Berretti detien<span class=\"_ _23\"></span>e<span class=\"_ _2\"></span> complessi<span class=\"_ _1\"></span>vamente <span class=\"ls31\">n.</span> <span class=\"_ _2\"></span><span class=\"ls20\">3.630</span>.<span class=\"ls20\">291</span> azioni <span class=\"ls3\">di</span> TIP<span class=\"_ _1\"></span> <span class=\"ls22\">in</span> parte diret<span class=\"_ _1\"></span>tamente, <span class=\"ls22\">in</span> parte tramit<span class=\"_ _23\"></span>e<span class=\"_ _2\"></span> <span class=\"ls56\">Lo</span>halma S.r.l. <span class=\"_ _1\"></span>(societ\u00e0 dell<span class=\"_ _1\"></span>a quale<span class=\"_ _5d\"> </span>detiene direttamen<span class=\"_ _23\"></span>t<span class=\"_ _2\"></span>e il <span class=\"ls20\">100%</span> del capitale)<span class=\"_ _5d\"> </span>(5)<span class=\"ff6\"> <span class=\"_ _54\"> </span></span>Azioni oggetto <span class=\"ls3\">di<span class=\"_ _1\"></span><span class=\"ls0\"> donazione nel cors<span class=\"_ _1\"></span>o <span class=\"ff7\">dell\u2019esercizio.<span class=\"_ _5d\"> </span></span></span></span>(6)<span class=\"ff6\"> <span class=\"_ _54\"> </span></span>Sergio <span class=\"_ _29\"></span>Marullo <span class=\"_ _29\"></span><span class=\"ls3\">di</span> <span class=\"_ _29\"></span>Condojanni <span class=\"_ _28\"></span><span class=\"ls53\">non</span> <span class=\"_ _29\"></span>detiene, <span class=\"_ _29\"></span><span class=\"ls53\">n\u00e9</span> <span class=\"_ _29\"></span>direttamente <span class=\"_ _29\"></span><span class=\"ls53\">n\u00e9</span> <span class=\"_ _28\"></span>indirettamente, <span class=\"_ _29\"></span>azioni <span class=\"_ _29\"></span><span class=\"ls3\">di</span> <span class=\"_ _29\"></span>TIP. <span class=\"_ _29\"></span><span class=\"ls56\">Le</span> <span class=\"_ _28\"></span><span class=\"ls31\">n.</span> <span class=\"_ _28\"></span>19.537.137 <span class=\"_ _29\"></span>azioni <span class=\"_ _29\"></span><span class=\"ls3\">di</span> <span class=\"_ _29\"></span>TIP <span class=\"_ _28\"></span>indicate <span class=\"_ _2\"></span>nella<span class=\"_ _5d\"> </span>tabella sono detenu<span class=\"_ _1\"></span>te <span class=\"ls3\">da</span> una soci<span class=\"_ _1\"></span>et\u00e0 control<span class=\"_ _1\"></span>lata dal coniuge dell<span class=\"_ _1\"></span>'amministratore.<span class=\"_ _5d\"> </span>I membri del Collegio Sindacale non detengono azioni della Societ\u00e0.<span class=\"_ _5d\"> </span>(3<span class=\"ls0\">3)  Compensi  destinati  ai  componen<span class=\"_ _1\"></span>ti  degli  organi  sociali  a  quals<span class=\"_ _1\"></span>iasi  titolo  e  sotto<span class=\"_ _5d\"> </span></span>qualsiasi forma<span class=\"_ _5d\"> </span>La<span class=\"ls0\">  tabella  che<span class=\"_ _2\"></span>  segue  indica  <span class=\"ls8\">la</span>  somma  dei  compensi<span class=\"_ _2\"></span>  monetari,  espressi  <span class=\"lsd\">in<span class=\"_ _2\"></span></span>  euro,  destinati  <span class=\"lsa\">ai<span class=\"_ _5d\"> </span></span></span>componenti degli organi sociali nel corso del 2025.<table class=\"s w2e2 h126\" id=\"_5f2e3e5b-df56-4e89-b664-f6f8a4da9108\"><tr><td class=\"c x26a ye2d w10b h51\"><div class=\"t m0 xac h9 y2bc ff2 fs0 fc0 sc0 ls0 ws0\">Carica in TIP </div></td><td class=\"c x26b ye2e w2e3 he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">Compenso<span class=\"_ _5d\"> </span></div></td></tr><tr><td></td><td class=\"c x26c ye2f w2e4 he5\"><div class=\"t m0 x176 h9 yb9d ff2 fs0 fc0 sc0 ls0 ws0\">31/12/2025<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x26a ye30 w10d h4e\"><div class=\"t m0 xac hf y72f ff3 fs0 fc0 sc0 ls0 ws0\">Amministratori<span class=\"_ _2\"></span> </div></td><td class=\"c x26d ye31 w10c h4e\"><div class=\"t m0 xf4 hf y291 ff3 fs0 fc0 sc0 ls36 ws0\">23<span class=\"ls0\">.</span>456<span class=\"ls0\">.</span>965<span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x26a ye32 w10b h4e\"><div class=\"t m0 xac hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">Sindaci </div></td><td class=\"c x26d ye32 w10c h4e\"><div class=\"t m0 xc1 hf y291 ff3 fs0 fc0 sc0 ls0 ws0\">87.225 </div></td></tr></table>Il<span class=\"ls0\"> compenso spettante <span class=\"ff7\">all\u2019Organismo</span> di<span class=\"_ _2\"></span> Vigilanza \u00e8 di <span class=\"ls8\">8.320</span> euro.  </span>TIP <span class=\"_ _2\"></span>ha <span class=\"_ _29\"></span>inoltre <span class=\"_ _29\"></span>stipulato <span class=\"_ _29\"></span>con <span class=\"_ _29\"></span>Chubb <span class=\"_ _29\"></span>Insurance <span class=\"_ _29\"></span>Company <span class=\"_ _29\"></span>of <span class=\"_ _29\"></span>Europe <span class=\"_ _29\"></span>S.A. <span class=\"_ _29\"></span>due <span class=\"_ _29\"></span>polizze <span class=\"_ _29\"></span>assicurative, una<span class=\"ls0\"> <span class=\"_ _29\"></span>D&amp;O <span class=\"_ _29\"></span><span class=\"lse\">ed</span> <span class=\"_ _29\"></span><span class=\"ff7\">un\u2019altra<span class=\"_ _2\"></span></span> <span class=\"_ _29\"></span><span class=\"ls3\">RC</span> <span class=\"_ _29\"></span>professionale<span class=\"_ _2\"></span>, <span class=\"_ _29\"></span>a <span class=\"_ _29\"></span>favore <span class=\"_ _28\"></span>degli <span class=\"_ _29\"></span>Amministratori <span class=\"_ _29\"></span>e <span class=\"_ _28\"></span>dei <span class=\"_ _29\"></span>Sindaci<span class=\"_ _2\"></span> <span class=\"_ _29\"></span>di <span class=\"_ _29\"></span>TIP, <span class=\"_ _29\"></span>delle </span>controllate, nonch\u00e9 delle <span class=\"_ _23\"></span>pa<span class=\"_ _2\"></span>rtecipate nelle qual<span class=\"_ _1\"></span>i TIP abbia <span class=\"ls9\">una</span> <span class=\"_ _23\"></span>rappresentanza negli organi direttivi nonch\u00e9  del <span class=\"_ _19\"> </span>Direttore  Generale  a <span class=\"_ _19\"> </span>copertura  di <span class=\"_ _19\"> </span>eventuali<span class=\"_ _2\"></span>  danni <span class=\"_ _19\"> </span>causati  a <span class=\"_ _19\"> </span>terzi  dagli  assicurati<span class=\"_ _23\"></span> n<span class=\"ff7\">ell\u2019esercizio</span> delle funzioni da essi rivestite. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-462": {
   "value": "(3<span class=\"ls0\">4) Operazioni con parti correlate<span class=\"_ _5d\"> </span></span>La<span class=\"ls0\"> <span class=\"_ _2a\"></span>tabe<span class=\"_ _2\"></span>lla <span class=\"_ _2a\"></span>riporta <span class=\"_ _27\"></span>i <span class=\"_ _2a\"></span>dati <span class=\"_ _27\"></span>relativi <span class=\"_ _27\"></span>alle <span class=\"_ _2a\"></span>operazioni <span class=\"_ _2a\"></span>con <span class=\"_ _27\"></span>parti <span class=\"_ _2a\"></span>correlate <span class=\"_ _27\"></span>effettuate <span class=\"_ _2a\"></span>nel <span class=\"_ _27\"></span>corso <span class=\"_ _2a\"></span><span class=\"ff7\">dell\u2019anno,<span class=\"_ _5d\"> </span></span></span>evidenziando gli importi, <span class=\"lsd\">la<span class=\"_ _2\"></span></span> tipologia e <span class=\"lsd\">le<span class=\"_ _2\"></span></span> controparti.<span class=\"_ _5d\"> </span>I <span class=\"_ _2\"></span>servizi <span class=\"_ _2\"></span>offerti <span class=\"_ _2\"></span>a <span class=\"_ _29\"></span>tutte <span class=\"ls8\">le</span> <span class=\"_ _2\"></span>parti <span class=\"_ _2\"></span>sopra <span class=\"_ _2\"></span>elencate<span class=\"_ _2\"></span> s<span class=\"_ _2\"></span>ono <span class=\"_ _2\"></span>stati <span class=\"_ _2\"></span>prestati <span class=\"_ _2\"></span>a <span class=\"_ _2\"></span>termini <span class=\"_ _2\"></span>e <span class=\"_ _2\"></span>condizioni <span class=\"_ _2\"></span>contrattuali<span class=\"_ _5d\"> </span>ed<span class=\"ls0\"> economiche di mercato.</span><table class=\"s w2f4 h128\" id=\"_30d37e02-db33-41e7-8b39-f3b6790d0008\"><tr><td class=\"c x27f ye4e w10e h9d\"><div class=\"t m0 x1f h25 y739 ff2 fs7 fc0 sc0 ls0 ws0\">Soggetto </div></td><td class=\"c x280 ye4e w10f h9d\"><div class=\"t m0 x1d h25 y739 ff2 fs7 fc0 sc0 ls0 ws0\">Tipologia </div></td><td class=\"c x281 ye50 w2f5 h11c\"><div class=\"t m0 x176 h25 ye4f ff2 fs7 fc0 sc0 ls0 ws0\">Corrispettivo/</div></td><td class=\"c x282 ye50 w2f5 h11c\"><div class=\"t m0 x176 h25 ye4f ff2 fs7 fc0 sc0 ls0 ws0\">Corrispettivo/<span class=\"_ _5d\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x283 ye51 w2f6 h11c\"><div class=\"t m0 x176 h25 ye4f ff2 fs7 fc0 sc0 ls0 ws0\">saldo al 31<span class=\"_ _5d\"> </span></div></td><td class=\"c x284 ye51 w2f6 h11c\"><div class=\"t m0 x176 h25 ye4f ff2 fs7 fc0 sc0 ls0 ws0\">saldo al 31<span class=\"_ _5d\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x285 ye52 w29f h11c\"><div class=\"t m0 x176 h25 ye4f ff2 fs7 fc0 sc0 ls0 ws0\">dicembre 2025</div></td><td class=\"c x286 ye52 w29f h11c\"><div class=\"t m0 x176 h25 ye4f ff2 fs7 fc0 sc0 ls0 ws0\">dicembre 2024<span class=\"_ _5d\"> </span></div></td></tr><tr><td class=\"c x27f ye53 w10e h4b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Asset Italia S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye53 w10f h4b\"><div class=\"t m0 x90 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x287 ye53 w110 h4b\"><div class=\"t m0 x85 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">184.100 </div></td><td class=\"c x288 ye53 w111 h4b\"><div class=\"t m0 xf4 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">504.100 </div></td></tr><tr><td class=\"c x27f ye54 w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Asset Italia S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye54 w10f h8b\"><div class=\"t m0 x78 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Crediti commerciali<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye54 w110 h8b\"><div class=\"t m0 xd5 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">94.100 </div></td><td class=\"c x288 ye54 w111 h8b\"><div class=\"t m0 xb1 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">4.100 </div></td></tr><tr><td class=\"c x27f ye55 w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Asset Italia 1 S.r.l. </div></td><td class=\"c x280 ye55 w10f h8b\"><div class=\"t m0 x90 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x287 ye55 w110 h8b\"><div class=\"t m0 x24 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">1.274.100 </div></td><td class=\"c x288 ye55 w111 h8b\"><div class=\"t m0 xb1 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">4.100 </div></td></tr><tr><td class=\"c x27f ye56 w10e h4b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Asset Italia 1 S.r.l. </div></td><td class=\"c x280 ye56 w10f h4b\"><div class=\"t m0 x78 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Crediti commerciali<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye56 w110 h4b\"><div class=\"t m0 x85 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">139.100 </div></td><td class=\"c x288 ye56 w111 h4b\"><div class=\"t m0 xb1 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">4.100 </div></td></tr><tr><td class=\"c x27f ye57 w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Asset Italia 3 S.r.l. </div></td><td class=\"c x280 ye57 w10f h8b\"><div class=\"t m0 x90 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x287 ye57 w110 h8b\"><div class=\"t m0 xd5 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">54.100 </div></td><td class=\"c x288 ye57 w111 h8b\"><div class=\"t m0 xb1 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">4.100 </div></td></tr><tr><td class=\"c x27f ye58 w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Asset Italia 3 S.r.l. </div></td><td class=\"c x280 ye58 w10f h8b\"><div class=\"t m0 x78 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Crediti commerciali<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye58 w110 h8b\"><div class=\"t m0 xd5 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">54.100 </div></td><td class=\"c x288 ye58 w111 h8b\"><div class=\"t m0 xb1 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">4.100 </div></td></tr><tr><td class=\"c x27f ye59 w10e h4b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Clubitaly S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye59 w10f h4b\"><div class=\"t m0 x90 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x287 ye59 w110 h4b\"><div class=\"t m0 xd5 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">34.100 </div></td><td class=\"c x288 ye59 w111 h4b\"><div class=\"t m0 x86 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">34.100 </div></td></tr><tr><td class=\"c x27f ye5a w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Clubitaly S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye5a w10f h8b\"><div class=\"t m0 x78 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Crediti commerciali<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye5a w110 h8b\"><div class=\"t m0 xd5 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">34.100 </div></td><td class=\"c x288 ye5a w111 h8b\"><div class=\"t m0 x86 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">34.100 </div></td></tr><tr><td class=\"c x27f ye5b w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Clubitaly S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye5b w10f h8b\"><div class=\"t m0 x85 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Finanziamento<span class=\"_ _2\"></span> soc </div></td><td class=\"c x287 ye5b w110 h8b\"><div class=\"t m0 x85 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">102.022 </div></td><td class=\"c x288 ye5b w111 h8b\"><div class=\"t m0 x91 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">- </div></td></tr><tr><td class=\"c x27f ye5c w10e h4b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Clubitaly S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye5c w10f h4b\"><div class=\"t m0 x88 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Proventi finanziari<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye5c w110 h4b\"><div class=\"t m0 x2b h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">2.022 </div></td><td class=\"c x288 ye5c w111 h4b\"><div class=\"t m0 x91 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">- </div></td></tr><tr><td class=\"c x27f ye5d w10e h9e\"><div class=\"t m0 x1f h82 y743 ff3 fs7 fc0 sc0 ls0 ws0\">Gruppo IPG <span class=\"_ _2\"></span>Holding S.p.A. </div></td><td class=\"c x280 ye5d w10f h9e\"><div class=\"t m0 x90 h82 y743 ff3 fs7 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x287 ye5d w110 h9e\"><div class=\"t m0 xd5 h82 y743 ff3 fs7 fc0 sc0 ls0 ws0\">30.000 </div></td><td class=\"c x288 ye5d w111 h9e\"><div class=\"t m0 x86 h82 y743 ff3 fs7 fc0 sc0 ls0 ws0\">30.000 </div></td></tr><tr><td class=\"c x27f ye5e w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Gruppo IPG <span class=\"_ _2\"></span>Holding S.p.A. </div></td><td class=\"c x280 ye5e w10f h8b\"><div class=\"t m0 x78 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Crediti commerciali<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye5e w110 h8b\"><div class=\"t m0 xd5 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">30.000 </div></td><td class=\"c x288 ye5e w111 h8b\"><div class=\"t m0 x86 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">30.000 </div></td></tr><tr><td class=\"c x27f ye5f w10e h4b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Itaca Equity S.r.l.<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye5f w10f h4b\"><div class=\"t m0 x90 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x287 ye5f w110 h4b\"><div class=\"t m0 xd5 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">34.092 </div></td><td class=\"c x288 ye5f w111 h4b\"><div class=\"t m0 x86 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">34.291 </div></td></tr><tr><td class=\"c x27f ye60 w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Itaca Equity S.r.l.<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye60 w10f h8b\"><div class=\"t m0 x78 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Crediti commerciali<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye60 w110 h8b\"><div class=\"t m0 x2b h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">7.592 </div></td><td class=\"c x288 ye60 w111 h8b\"><div class=\"t m0 xb1 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">7.791 </div></td></tr><tr><td class=\"c x27f ye61 w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Itaca Equity S.r.l.<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye61 w10f h8b\"><div class=\"t m0 x78 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Finanziamento<span class=\"_ _2\"></span> soci </div></td><td class=\"c x287 ye61 w110 h8b\"><div class=\"t m0 x85 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">710.000 </div></td><td class=\"c x288 ye61 w111 h8b\"><div class=\"t m0 xf4 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">710.000 </div></td></tr><tr><td class=\"c x27f ye62 w10e h4b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Itaca Equity S.r.l.<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye62 w10f h4b\"><div class=\"t m0 x88 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Proventi finanziari<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye62 w110 h4b\"><div class=\"t m0 xd5 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">26.325 </div></td><td class=\"c x288 ye62 w111 h4b\"><div class=\"t m0 x91 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">- </div></td></tr><tr><td class=\"c x27f ye63 w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Itaca Equity Holding <span class=\"_ _2\"></span>S.p.A. </div></td><td class=\"c x280 ye63 w10f h8b\"><div class=\"t m0 x90 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x287 ye63 w110 h8b\"><div class=\"t m0 xd5 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">10.142 </div></td><td class=\"c x288 ye63 w111 h8b\"><div class=\"t m0 x86 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">10.457 </div></td></tr><tr><td class=\"c x27f ye64 w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Itaca Equity Holding <span class=\"_ _2\"></span>S.p.A. </div></td><td class=\"c x280 ye64 w10f h8b\"><div class=\"t m0 x78 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Crediti commerciali<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye64 w110 h8b\"><div class=\"t m0 xd5 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">10.142 </div></td><td class=\"c x288 ye64 w111 h8b\"><div class=\"t m0 x86 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">10.457 </div></td></tr><tr><td class=\"c x27f ye65 w10e h4b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Itaca Ga<span class=\"_ _2\"></span>s S.r.l. </div></td><td class=\"c x280 ye65 w10f h4b\"><div class=\"t m0 x90 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x287 ye65 w110 h4b\"><div class=\"t m0 x2b h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">8.000 </div></td><td class=\"c x288 ye65 w111 h4b\"><div class=\"t m0 xb1 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">8.000 </div></td></tr><tr><td class=\"c x27f ye66 w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Itaca Ga<span class=\"_ _2\"></span>s S.r.l. </div></td><td class=\"c x280 ye66 w10f h8b\"><div class=\"t m0 x78 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Crediti commerciali<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye66 w110 h8b\"><div class=\"t m0 x2b h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">8.000 </div></td><td class=\"c x288 ye66 w111 h8b\"><div class=\"t m0 xb1 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">8.000 </div></td></tr><tr><td class=\"c x27f ye67 w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Overlord S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye67 w10f h8b\"><div class=\"t m0 x90 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x287 ye67 w110 h8b\"><div class=\"t m0 x2b h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">4.100 </div></td><td class=\"c x288 ye67 w111 h8b\"><div class=\"t m0 xb1 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">4.100 </div></td></tr><tr><td class=\"c x27f ye68 w10e h4b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Overlord S.p.A.<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye68 w10f h4b\"><div class=\"t m0 x78 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Crediti commerciali<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye68 w110 h4b\"><div class=\"t m0 x2b h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">4.100 </div></td><td class=\"c x288 ye68 w111 h4b\"><div class=\"t m0 xb1 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">4.100 </div></td></tr><tr><td class=\"c x27f ye69 w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Servizi resi a so<span class=\"_ _2\"></span>ciet\u00e0 riferibili a Consiglieri d<span class=\"_ _2\"></span>i Amministrazione<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye69 w10f h8b\"><div class=\"t m0 x90 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Ricavi </div></td><td class=\"c x287 ye69 w110 h8b\"><div class=\"t m0 x85 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">130.000 </div></td><td class=\"c x288 ye69 w111 h8b\"><div class=\"t m0 xf4 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">111.418 </div></td></tr><tr><td class=\"c x27f ye6a w10e h9e\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Servizi resi a so<span class=\"_ _2\"></span>ciet\u00e0 riferibili a Consiglieri d<span class=\"_ _2\"></span>i Amministrazione<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye6a w10f h9e\"><div class=\"t m0 x78 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Crediti commerciali<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye6a w110 h9e\"><div class=\"t m0 x2b h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">9.610 </div></td><td class=\"c x288 ye6a w111 h9e\"><div class=\"t m0 x86 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">78.418 </div></td></tr><tr><td class=\"c x27f ye6b w10e h4b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Servizi ottenuti da so<span class=\"_ _2\"></span>ciet\u00e0 riferibili a Co<span class=\"_ _2\"></span>nsiglieri di Amministrazion<span class=\"_ _2\"></span>e </div></td><td class=\"c x280 ye6b w10f h4b\"><div class=\"t m0 x2e h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Costi (servizi ricevuti)<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye6b w110 h4b\"><div class=\"t m0 x24 h82 y2ba ff3 fs7 fc0 sc0 ls16 ws0\">7.751<span class=\"ls0\">.388</span><span class=\"ls0\"><span class=\"_ _2\"></span> </span></div></td><td class=\"c x288 ye6b w111 h4b\"><div class=\"t m0 x82 h82 y2ba ff3 fs7 fc0 sc0 ls16 ws0\">5.418<span class=\"ls0\">.945</span><span class=\"ls0\"><span class=\"_ _2\"></span> </span></div></td></tr><tr><td class=\"c x27f ye6c w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Servizi ottenuti da so<span class=\"_ _2\"></span>ciet\u00e0 riferibili a Co<span class=\"_ _2\"></span>nsiglieri di Amministrazion<span class=\"_ _2\"></span>e </div></td><td class=\"c x280 ye6c w10f h8b\"><div class=\"t m0 x38 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Debiti commerciali<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye6c w110 h8b\"><div class=\"t m0 x24 h82 y2ba ff3 fs7 fc0 sc0 ls16 ws0\">7.153<span class=\"ls0\">.112</span><span class=\"ls0\"><span class=\"_ _2\"></span> </span></div></td><td class=\"c x288 ye6c w111 h8b\"><div class=\"t m0 x82 h82 y2ba ff3 fs7 fc0 sc0 ls16 ws0\">4.820<span class=\"ls0\">.<span class=\"ls57\">20</span>5</span><span class=\"ls0\"> </span></div></td></tr><tr><td class=\"c x27f ye6d w10e h8b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Servizi resi a Co<span class=\"_ _2\"></span>nsiglieri di Amministrazione<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye6d w10f h8b\"><div class=\"t m0 x85 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Ricavi (servizi resi)<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye6d w110 h8b\"><div class=\"t m0 x2b h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">2.679 </div></td><td class=\"c x288 ye6d w111 h8b\"><div class=\"t m0 xb1 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">3.455 </div></td></tr><tr><td class=\"c x27f ye6e w10e h4b\"><div class=\"t m0 x1f h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Servizi resi a Co<span class=\"_ _2\"></span>nsiglieri di Amministrazione<span class=\"_ _2\"></span> </div></td><td class=\"c x280 ye6e w10f h4b\"><div class=\"t m0 x78 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">Crediti commerciali<span class=\"_ _2\"></span> </div></td><td class=\"c x287 ye6e w110 h4b\"><div class=\"t m0 x2b h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">2.679 </div></td><td class=\"c x288 ye6e w111 h4b\"><div class=\"t m0 xb1 h82 y2ba ff3 fs7 fc0 sc0 ls0 ws0\">3.455 </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-464": {
   "value": "(3<span class=\"ls0\">5) Eventi successivi<span class=\"ff3\"> </span></span>Con riferimento agli eventi successivi si rimanda a quanto esposto nella relazione sull\u2019andamento della gestione.<span class=\"ff2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-463": {
   "value": "(3<span class=\"ls0\">6) Corporate Governance </span>Il<span class=\"ls0\"> gruppo TIP adotta, quale modello di riferimento per <span class=\"ls8\">la</span> propria <span class=\"ffb\">corporate governance, </span><span class=\"ls8\">le</span> disposizioni </span>del Codice di Autodisciplina nella nuova versione promossa<span class=\"_ _2\"></span> <span class=\"lsf\">da</span> Borsa Italiana. La<span class=\"ls0\"> relazione <span class=\"_ _1\"></span>sul Governo <span class=\"_ _23\"></span>soci<span class=\"_ _2\"></span>etario <span class=\"_ _23\"></span>e<span class=\"_ _2\"></span> gli <span class=\"_ _23\"></span>Assetti<span class=\"_ _2\"></span> propr<span class=\"_ _23\"></span>ie<span class=\"_ _2\"></span>tari rif<span class=\"_ _1\"></span>erita <span class=\"ff7\">all\u2019esercizio</span> <span class=\"_ _1\"></span>viene approvata <span class=\"_ _23\"></span>da<span class=\"_ _2\"></span>l </span>Consiglio <span class=\"_ _28\"></span>di <span class=\"_ _28\"></span>Amministrazione <span class=\"_ _28\"></span>e <span class=\"_ _28\"></span>pubblicata <span class=\"_ _28\"></span>annualmente <span class=\"_ _28\"></span>s<span class=\"_ _2\"></span>ul <span class=\"_ _29\"></span>s<span class=\"_ _2\"></span>ito <span class=\"_ _28\"></span>della <span class=\"_ _29\"></span>societ\u00e0 <span class=\"_ _28\"></span>www.tipspa.it <span class=\"_ _28\"></span>nella sezione <span class=\"ff7\">\u201cGoverno</span> <span class=\"ff7\">Societario\u201d.</span>",
   "dimensions": {
    "concept": "tip:DisclosureOfCorporateGovernance",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-7": {
   "value": "Attestazione <span class=\"_ _24\"></span>del <span class=\"_ _23\"></span>Dirigente<span class=\"_ _2\"></span> <span class=\"_ _24\"></span>Preposto <span class=\"_ _23\"></span>alla <span class=\"_ _23\"></span>redazio<span class=\"_ _2\"></span>ne <span class=\"_ _24\"></span>dei <span class=\"_ _1\"></span>documenti <span class=\"_ _24\"></span>contabili <span class=\"_ _23\"></span>societari <span class=\"_ _23\"></span>e <span class=\"_ _23\"></span>degli<span class=\"_ _2\"></span> organi ammi<span class=\"_ _2\"></span>nistrativi <span class=\"_ _2\"></span>delegati <span class=\"_ _2\"></span><span class=\"ls8\">ai</span> <span class=\"_ _2\"></span>sensi <span class=\"_ _29\"></span><span class=\"ffa\">dell\u2019art.</span> <span class=\"_ _2\"></span><span class=\"ls8\">81</span>-ter <span class=\"_ _2\"></span>del <span class=\"_ _2\"></span>Regolamento <span class=\"_ _2\"></span>CONSOB <span class=\"_ _2\"></span><span class=\"lsb\">n.<span class=\"_ _2\"></span></span> <span class=\"_ _2\"></span>11971 del <span class=\"lsa\">14</span> maggio 1999 e successive modifiche e integrazioni<span class=\"_ _1\"></span>. 1.<span class=\"ff6 ls0\"> <span class=\"_ _4d\"> </span><span class=\"ff3\">I<span class=\"_ _1\"></span> <span class=\"_ _28\"></span>sottoscritti <span class=\"_ _28\"></span>Alessandra <span class=\"_ _29\"></span>Gritti, <span class=\"_ _28\"></span>in <span class=\"_ _28\"></span>qua<span class=\"_ _2\"></span>lit\u00e0 <span class=\"_ _28\"></span>di <span class=\"_ _29\"></span>A<span class=\"_ _2\"></span>mministratore <span class=\"_ _28\"></span>Delegato <span class=\"_ _28\"></span>e <span class=\"_ _29\"></span>C<span class=\"_ _2\"></span>laudio <span class=\"_ _29\"></span>B<span class=\"_ _2\"></span>erretti, <span class=\"_ _28\"></span>in </span></span>qualit\u00e0 di <span class=\"_ _2\"></span>Dirigente Preposto <span class=\"_ _2\"></span>di Tamburi <span class=\"_ _2\"></span>Investment Partners S.p.A. a<span class=\"_ _2\"></span>ttestano, tenuto anche<span class=\"_ _2\"></span> conto <span class=\"_ _24\"></span>di <span class=\"_ _23\"></span>quanto <span class=\"_ _23\"></span>previsto <span class=\"_ _23\"></span>dall\u2019art. <span class=\"_ _24\"></span>154<span class=\"_ _2\"></span><span class=\"ff3\">-bis, <span class=\"_ _24\"></span>commi <span class=\"_ _23\"></span>3 <span class=\"_ _24\"></span>e <span class=\"_ _23\"></span>4 <span class=\"_ _23\"></span>del <span class=\"_ _23\"></span>decreto <span class=\"_ _24\"></span>l<span class=\"_ _2\"></span>egislativo <span class=\"_ _24\"></span>24 <span class=\"_ _23\"></span>febbraio <span class=\"_ _24\"></span>1998, </span>n. 58: \u25aa<span class=\"ff6\"> <span class=\"_ _45\"> </span><span class=\"ff7\">l\u2019adeguatezza in relazione alle caratteristiche dell\u2019impresa e<span class=\"ff3\"> </span></span></span>\u25aa<span class=\"ff6\"> <span class=\"_ _45\"> </span><span class=\"ff7\">l\u2019effettiva applicazione nel corso del periodo cui si riferisce il bilancio consolidato<span class=\"ff3\"> </span></span></span>delle <span class=\"_ _2a\"></span>procedure <span class=\"_ _2a\"></span>amministrative <span class=\"_ _2a\"></span>e <span class=\"_ _28\"></span>contabili<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>per <span class=\"_ _2a\"></span>la <span class=\"_ _2a\"></span>formazione <span class=\"_ _2a\"></span>del <span class=\"_ _2a\"></span>bilancio <span class=\"_ _2a\"></span>consolidato <span class=\"_ _2a\"></span>al <span class=\"_ _2a\"></span>3<span class=\"_ _2\"></span>1 dicembre <span class=\"ls8\">202</span>5. Al riguardo non sono emersi aspetti di rilievo. 2.<span class=\"ff6 ls0\"> <span class=\"_ _4d\"> </span></span>Si<span class=\"ls0\"> attesta, inoltre, che: </span>a) <span class=\"_ _28\"></span>il <span class=\"_ _2a\"></span>bilancio <span class=\"_ _28\"></span>consolidato <span class=\"_ _28\"></span>chiuso <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>l <span class=\"_ _28\"></span>3<span class=\"_ _2\"></span>1 <span class=\"_ _28\"></span>dicembre <span class=\"_ _2a\"></span><span class=\"lsd\">202</span>5<span class=\"_ _2\"></span> <span class=\"_ _28\"></span>corrisponde <span class=\"_ _28\"></span>a<span class=\"_ _2\"></span>lle <span class=\"_ _28\"></span>risultanze <span class=\"_ _28\"></span>dei <span class=\"_ _2a\"></span>libri <span class=\"_ _28\"></span>e delle scritture contabili; b) <span class=\"_ _22\"> </span>il <span class=\"_ _25\"> </span>bilancio <span class=\"_ _25\"> </span>consolidato <span class=\"_ _25\"> </span>chiuso <span class=\"_ _25\"> </span>al <span class=\"_ _25\"> </span>3<span class=\"_ _2\"></span>1 <span class=\"_ _25\"> </span>dicembre <span class=\"_ _25\"> </span>2025 <span class=\"_ _25\"> </span>\u00e8 <span class=\"_ _25\"> </span>stato <span class=\"_ _25\"> </span>redatto <span class=\"_ _25\"> </span>in <span class=\"_ _25\"> </span>conformit\u00e0 <span class=\"_ _25\"> </span>agli International <span class=\"_ _18\"> </span>Financial <span class=\"_ _2c\"> </span>Reporting <span class=\"_ _18\"> </span>Standards <span class=\"_ _18\"> </span>(IFRS) <span class=\"_ _18\"> </span>ed <span class=\"_ _2c\"> </span>alle<span class=\"_ _2\"></span> <span class=\"_ _18\"> </span>relative <span class=\"_ _2c\"> </span>interpretazioni pubblicati <span class=\"_ _56\"> </span>dall\u2019International <span class=\"_ _56\"> </span>Accounting <span class=\"_ _56\"> </span>Standar<span class=\"_ _23\"></span>d <span class=\"_ _56\"> </span>Board <span class=\"_ _56\"> </span>(IASB) <span class=\"_ _56\"> </span>e <span class=\"_ _56\"> </span>adottati <span class=\"_ _57\"> </span>dalla Commissione  delle  Comunit\u00e0 <span class=\"_ _19\"> </span>E<span class=\"_ _2\"></span>uropee  con  regol<span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>mento  n. <span class=\"_ _12\"> </span>17<span class=\"_ _2\"></span>25/2003  e  successive<span class=\"_ _1\"></span> modifiche, <span class=\"_ _27\"></span>conformemente <span class=\"_ _27\"></span>al <span class=\"_ _27\"></span>regola<span class=\"_ _2\"></span>mento <span class=\"_ _27\"></span>n. <span class=\"_ _27\"></span>1606/2002 <span class=\"_ _27\"></span>del <span class=\"_ _27\"></span>Parlamento <span class=\"_ _27\"></span>Europeo <span class=\"_ _27\"></span>e <span class=\"_ _27\"></span>a quanto <span class=\"_ _23\"></span>consta, <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _23\"></span>idoneo <span class=\"_ _23\"></span>a <span class=\"_ _1\"></span>fornire <span class=\"_ _23\"></span>una <span class=\"_ _23\"></span>rappres<span class=\"_ _2\"></span>entazione <span class=\"_ _23\"></span>veritiera <span class=\"_ _23\"></span>e corrett<span class=\"_ _1\"></span>a <span class=\"_ _23\"></span>della <span class=\"_ _23\"></span>s<span class=\"_ _2\"></span>ituazione patrimoniale, economica e finanziaria consolidata di Tamburi Investment Partners S.p.A.  c)<span class=\"ls0\"> <span class=\"_ _19\"> </span><span class=\"ff7\">la<span class=\"_ _2\"></span> relazione sull\u2019<span class=\"_ _1\"></span>andamento della ge<span class=\"_ _1\"></span>stione comprende un\u2019analisi <span class=\"_ _23\"></span>a<span class=\"_ _2\"></span>ttendibile dei <span class=\"_ _23\"></span>riferimenti </span></span>agli eventi <span class=\"_ _23\"></span>importanti che <span class=\"_ _23\"></span>si sono <span class=\"_ _1\"></span>verificati <span class=\"_ _23\"></span>nel<span class=\"_ _2\"></span> <span class=\"_ _23\"></span>corso dell\u2019esercizio <span class=\"_ _23\"></span>e alla <span class=\"_ _23\"></span>loro incidenza <span class=\"_ _23\"></span>sul bilancio <span class=\"_ _29\"></span>consolidato <span class=\"_ _28\"></span>semestrale <span class=\"_ _29\"></span>abbreviato, <span class=\"_ _28\"></span>unitamente <span class=\"_ _29\"></span>ad <span class=\"_ _29\"></span>una <span class=\"_ _28\"></span>desc<span class=\"_ _2\"></span>rizione <span class=\"_ _29\"></span>dei <span class=\"_ _28\"></span>principali rischi <span class=\"_ _26\"> </span>ed <span class=\"_ _48\"> </span>incertezze. <span class=\"_ _48\"> </span>La <span class=\"_ _26\"> </span>relazione <span class=\"_ _48\"> </span>sull\u2019andamento  del<span class=\"_ _2\"></span>la <span class=\"_ _26\"> </span>gestione <span class=\"_ _48\"> </span>comprende, <span class=\"_ _26\"> </span>altres\u00ec, un\u2019analisi attendibile delle informazioni sulle operazioni rilevanti con parti correlate.<span class=\"ff3\"> </span>L\u2019Amministratore<span class=\"ff3\"> Delegato <span class=\"ff1\"> </span></span>Il<span class=\"ls0\"> Dirigente Preposto<span class=\"ff1\"> </span></span>Milano, <span class=\"ls8\">16</span> marzo <span class=\"ls8\">202</span>6",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-465": {
   "value": "Tamburi Investment Partners S.p.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "it",
    "entity": "scheme:81560017CF8066680595",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  }
 }
}